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Pa~eY a po11c1ss :atd MORTGIIGEE shali h~ve tht option to roalw ~nd spply me same un ~ocaw?t ot tM indeatedness s~cw~0 t~nbv a K+
pennit sa~d MORTG/1CARS to ?~aiv~ ~nd us~ it a aM+ paA th~hof fw othe? purpoWt without tMhbY waivin~ or imp~irin~ a~y ~pulty.
lie~ w ~isF?t und~s~ w by virtw of thls Mort~ap: snd i~ th~ ~we~t f~id MORTGIIGORS sh~tl fa any reason tall to kNp tM ssid Pnmis~t
so Inwrod. or fail to clNivN promptly any of s~k! polici~s of Imurana to ssid MORTGAGEE. o? fail promptFy to paY futH ~+y pr~eniun+ tMnia,
w in any ?~sp~ct bil to psrfam, dlsth~.r, ~x~cutr. ~ff~ct. oompl~t~. cortply with a~d ~bidt by tNs oovwunt, o? any part I+~reof. s~b MOttT
G/~GEE nwy plap ~nd pay fo? such i~wanc~ or~ny p~R tM.~of wiMouf w~ivin~ or sflectin~ ~ny option. ~ien. ~0uih. or N~ht und~~ or by
virtue of M~is~~ and ths tull an+a~nt of wth ~nd ~wry wcl+ paYn+ent sh~ll b~ irtwn~diately dw and p~ysbk ar~d th~ll~ bNr int~sf
t.om the date tMreof unHl psld at the ats of~ and~ p~? cent pe? amun+ a~+d to`eth~? with wch i~t~rost sh~ll b~ s~cund by tht
i~ex~ of thk mwtta~a. seven one-half
To pemnit. ao~w~dt o~ wfhr ~o w~sta, in+piirmw~t or deterioration of s~id prop~rty o? any pKt tF~hof•
S. It is he.eby specifiully a~rsed tFrt any swn or s~xns which may be foaned or advsnced by the Mortp~ee to tl+~ Mo?tta~o? at ~1 i
•ime aher the rotwdir~ of tfiis intbnturo, to~ettw with intsrost N»?eon ~t the rate a`.ced upon at the time of wch loan or advu?oe. shall bt
equally secured with ud h~w N+e saene prio?ity u th~ o.i~inal ind~btedness, and be wbject to all the terms and provisions of tNs nwrt~ap: i
Provided, th~t the s~re~M ~mar?t of principal outstsndin~ at any tlme shdl not exceed an anwunt equal to o~e Fa~ndnd and itfty per oent .
{ T 50%) of tM principal anwunt wisindly securod Irroby. ~
6. To pay all a~d dn~ular the tasts, cha?~s a~d s~wtses. Intludin~ a roasonabk attorney's tee w+d tosts of abshsct of Ntls fea
cu.red or paid at a~y Nme by saW MORTGAGEE b~cawe o? in Me ~ra+t of the failu?e on the p~rt of the s~id MORTWGOR w duly, promptly
and fu1Fy P~rfon*~. disclr~. e~awt~. sff~ct, oompNt~. tomplY wlth and abtde by ead? and ev~ry tFw stipulations. a~reerr~ents. conditions
end cove~snts of said prort~issory note and tF~is nwrt/aee any or ~ithar. u+d s~id costs. chsry~es ~+d exp~nses, e~cl+ w+d wary. shall b~
immediately due snd p~yable: whethsr or not thera b~ rwtioe. demand. ~tteR+Pt l'~{ or jj~
w~_~ ifnd the tu1~ an?amt of ~sch and
every wch psymsnt shall b~sr interost fran the d~t~ tMroof until psid at the nte o~and ~G1ii~4We? t~ntum P~r arr~um; s~d all ~ald
costs, charQes ~nd expenses so incu.red or paid. toeethsr with such ~nterest, sh~ll be secured by th~ lien of tF+ls mortpp.
7. Thst la) tn the event of ~ny brs~ch of this Mort`~e a default on the put of the MORTG/1GOR. or (b) !n the rvent ~r+y of said ,
sums of mo~ey he~ein refe?rod to be noR prompTiy and ~ully paid within thirty (301 days next after the same stverslly becane dut u~d psyable.
wir!+out cim~and w notice. o? lc? in the event s~ch ~nd ewrY tF+~ stiautations. argeement's. conditiau snd oovenants of said p?aniuay ~01~
ar?d this mortga~e sny or eithe~ ~re not duly. D?on+Dtly and iully pKformed. dischar~ed, exsaited. effected. oomDlated ~anPlied with ~+d
ab~ded by, then i~ either a any such cvent, the ssid agg?e`ate wm rnentiw~ed in s~id pranissory note t1~en rernN~in~ ~w~paid. with interost
accrued. ~~d all moneys securcd he~eby. shdl becwme due a~d payable forM~with. o? tfiereafter, st the option of said MORTG/1GEE. as fully
and canpleteiy u if all of the s~id wms of ma~sy werc oritinalFy stipula»d to be piid on wch d~y. anYthin~ in said prar+issory note or in
this Mort~aQe to the contnry not withstsndin~; ~nd theraipon w fhiereshe~ st the option of ssid MORTGAGEE. without notios w danse+d.
w~t at i~w or in ec~uity. may be prasecuted as if all n~onies securod hereby hsd mah+rod prior to its institutia~.
6. 7'hat in the evsnt th~t at the besinnin~ of w at sny time pe~ding any wit ~~on this Mort~a`e. or to foretbse it, or to rcform
it, or to enforce payme~t of any cbims herew~der. said MORTGAGEE sf+all apply to the Court h~vir?~ iurisdiction M~e?eof for the ~ppointmmt
of a Receiver, such Court shsll forthwith sppoint s Receiver, of ssid mort~a~ed PropertY sll and sin`ular, i~cludin~ a~l and singular the
~ncar~e, profits, issues and revcnues from whstever saurce derived. esch and every of which, it being exprasly understood. is hereby rtwrt-
gaRed as if specifitally set 4wth and deuri~ed in the g~anting and Mbendum clsuses he?eof, and such Receiver shsll have all the b?wd and
effective f~w~ctions ar+d powers in anywise entnnted by a Court to a Receiver, and sucM appointment sF~ll be rrwde by suth Court u an
admitted eGuity and a mstter of absolute right to said MORTG/1CEE, snd wvithout reference to the +degwcy e+ insdeqwty of th~ value of tM
p~operty mortgaged or to the solvency o? insolvency of said MORTGAGOR or the deferdsnts, s~d th~t such ronts. profits, inoomes, iswes
and revenues shall be spplied by wch Receive? aocor~ng to the lia+ or equity of s~id MORTGAGEE and the prsttice of wch Court.
9. To duly. PromPtiy and fully pe?fonn, dixha?~e, execute. eHect. comPkK complY with and abide by esth snd every the stiptr
latiora. aBreements. tonditio~s snd ouvena~ts in said promissory note snd i~ this mort~aQe set forth.
10. That in the event the ownership of the mortgsQed premises. w any part thereof, becoma vested in a perso^ other than th~
A40t2TGJ1GOR, the MORTGAGEE, its wocessors and auig~, may, without notice w the MORTGAGOR, deal with wch wotessor or suocessors
~n interest with reference to this mortgage and the debt hereby secured i~ the ssme manne~ as with MatgaQor without in sny way viti~tin~
o. dischartin~ the Mort~s~or's lisbility Mro~r~dsr or upon the debt hereby secured_ No sale ot the premises t~ebY nwrt~aBed and no fo.e-
bea.ance an the part of the MORTGAGEE a its wccessors o? assi~ns and no exterts+on of the time for tir payrr~ent of the debt hereby secu~ed
gwen by the MORTWGEE w its successws or assigru, sh~tl opente !o rclesse, dischs?ge. modify. ~e o? effett tt+e original liability of
the MORTGAGOR herein, eitha+ in wlwle or in part.
11. It is specifiully sgroed t1+at time is of the essence of this oontract u?d that no wsiver or sny obli`atio~ herew~der or of ths
obl~gation secured hereby sh~ll at any tiene therosfter be held to be a waiver of the tem~s hereof w of the instrurne~t socured hereby.
Si~~ed. Sealed and delivered in ptis~nu of:
' - - _ - - (SFJ1l.l ~
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` (SEAU
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~ STATE OF FLORID/1 ~ ~
~ COUNTY OF . ~
~ Before me persorwll sppea?ed - - and
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~
his wife. to me well krx~wn, known to me w be the individwls described in
and wha executed the foreQoing irut t, and acknowledeed beforc me that they ezecut same for the p~srposes therein expressed
WITNESS snd offitial seal this dsy of - - ./l D. 19
• Notsry Public in and fw the State of Florida at l~rge.
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