HomeMy WebLinkAbout0099 ~s~ucr or pc:~c~rz s.~~3 A"~~RTCA(.EE s~•a~l h~~e the ~h~x? rete+ve and app~y tne >>rnr w: r- .~~t o~ ~h~ n.irA~eJ•.eis u~curea nere'.r~ w M
pa~m~t s.~~d A1JnTGA,!:U~> to r~ce.ce and u~t it or any part therepf for other pur~ses w~tke.:~t thi•~rb~ wa~++~~g or ~mpa~~i~g any equity,
i~en or nght w~d.~r „r b~ vi~~uar of ih~s 1~to:tdage; and in the cvent saio INORTGnC,ORS shall fn. ~nY ~eas.n fa~t ro kerp ~~+c sa~d premises
s~ iniurc~l, or fail ti cl~:lira~ p::;mDlly any of sa~d polit~es of insura~?ce to sarA h1CRTWlGEE, o~ ~ail p~,~n~tly to pay fu~ly ~nY premiucr the~Cto•,
~r ~n any resp~~ct taJ t~ Qerf~rm, d~stharge, eze:~ute, effect, complete, camply with and abicle by N,~s cove~nt, or anv part here~f, said MORT-
GAGEE may place an.i pav for s~th ~nsurance cx a~y part thereof without waiving o~ affect~ng any opt~o~, 6:~+. eQu~ty, or right ur~Jer w by
~~rtue af ~h~s Mortgadr, and the full am:~unt of each and ever sexh payment shall be immeci~ately due and payable and shall bea. ~nte~est
+rom the date th,:r~~t unril p~~6 at the rate of X~CYrl1 pe~ cent r annum and tugetF,ee Nith suth ~nterest shall be secured by tne
I~en of this if~J~~sda@. SGV~I~ a ive tent~3
2. To permit, c~mm~t or su~fe. ~o waste, im~airnxnt w deterioration of said pr~perty w any part thereof.
5. It ~s h~~<<y ;~~itica~iy ag~_e:f !hat any sum or sums whith may be loar.^d or ar3~ance~ by the Alortgagee to fhe Mortgago~ at any
r~me after the rctior~i~ng of this indenture, tegether with interest thereon at the rate agreed upon a! the firtx of such loar? or advar:ce, Shdil be
rqu.,•ty secu~ vr~th and h,,,;e ~he same pr~~r~ty as the original indeCtednezs, and be su~iect to all the te.ms ~rxi orov•s:ons ot th~s rtx,rtg~ge;
C._~v~eci, th~t t'~e aagrebdte am;.,unt of p.~nc~pal outstanding at any time sF?atl not extead an anr:.~unt eyuat to cxie hmti~ed and fifty per ~ent
i15Q`~J Of fh•~ prir~ipal a~~.unt ongina!ly secur~ hereby. ,
6. To p~v all ~nd S~nG;:'.ir ~he c; srs. cnar~?s and expenses, ir~luding a reasonable attorney's fee and costs of abstract of tiNe in-
turr~~ or paid at .:n~ t~m_ Jy ..i.J t:JRTG.A„CE b~ :a~sie ~r in the e~r~~t of !he failu.e un thC p~rt u: •ht Sa~d M(;? .Tr ' ~OR 'o duly, p~~xnptly
and fully perf~rm, distf4r5e, e~ecute, effect, [:mp~~te, c.:mp!y v~ith and abide by eath and every the st~{wlati~s, greements, cenditix+s
and c~+•e~ants ei sa~d pron~~ssery n::~e and th~s m~:tgage any or eit~~er, and said tosts, charges and expenses, each and every, shall be
~cime.'.~atcly due an~ pa~ ~b7e; ~nhether o. r.ot t~~cre be no!~ce. drm.~nd, attempt to coll t or su~t ing; ar.d tt+e full am~:nt of each and
e.er~ such paymen: shatl bear mtcrest fr.;m the date tncrc~i unfil paid at the rate o~~'~a~~i~~~~ ~Crtl1'~l~r aru~um; and aU said
;~sts, ct:.rges and e~cp~nses s.~ ~ncu•re,i or pa~J, togetFer w~tfi suth ~nterest, shall be SeCUrCd y t lien o th~s m~tgage.
7. That (a! in the e~ent ol any breach of this M,xtgage or uefault on the part ~f the MQRTC,ACAR, o~ (b? in tF+e event any of said
sums ef money h•:rein reter•ed t:~ ~e not p~::mptly a~~ fully paid witnin ihirty (3O1 days neYt after the same severally become due and payable.
.vthout dernand cr notice, or ±c' ~n the c.ent cach an~ eve.v the stroulationi, argeemsnts, condihons and covenants of said pr~nissorlr note
and this m:rtgage a~~• er e~th~r a-e n:,t .!ut?, p.omatly arx~ fully performed, discharged, executed, effected, completed complied with and
abiacd by, ttien m c~ther or any su~h event, the s,~id ~Fgregate sum mentioned in said premissvey note the~ remaining unpaid, with interest
accrued, and ait m:neys secured he,eb~•, stwll bec~me due and paya5le forthwiih, or thereafter, at the option of said A40RTG/1GEE, as fully
and ccmpietely as if ~Si ot the sa~d su+ns of m~ney were originally stipu~ated to be paid on such day, a~ything in said promissory note w in
th~s [4lortgage to the contrary not .vnhstanding; and the~eup:.n or thereafter at the option of said MORTGAGEE, without notice or demand,
swt at Idw or m equit~, may ~ prosccutcd as ~f all m.n~es seCUred hereby had matured prior t0 its institution.
8. That in the event that at the beginning of or at any time pending any wit upon this Murtgage, o? to foreclc~e it, or to reforrn
~r, nr to enforce payment of any da~ms hereun~er, said MORTGAGEE shall apply ro the Courf having ~unsd~ction thereof Mr the appointmmt
of a Receiver, s~cn ~ourr s~ait forthwith app~~nt a Reteiver, Qf said mortgaged property a!1 and singutar, including all and singular the
inCOnte, profits, issues and revenues fr::m whatcv•:r s?urce derived, eath and every of whith, it being ettpressly underslood, iS hereby mort-
gaged ~s if saec;ficaltv set torth and deur;~~-d ~n the granti~g and habe+~dum dauses hereof, and such Receiver shall have all the broad and
effective functio~s and powers in anrw~se ent-usted by a Court ro a Receiver, and wch appointment shall be made by wch Court as an
admitted equity and a matter of abs•:!ute right t~ said htORTGAGEE, and wifhout referente to the adequacy or inadequacy Uf the value of the
pr~pe.ty mortgaged or to t?u~ solver.cti• or insotve~?cy ef said MORTGACAR or the defendants, and that such rents, Fr_`:'s, incomes, iswa
and reveneees sha11 be apphc~ br such Recerver according to tF.e lien or equity of said MORTGAGEE and the practice of such Court.
9. To duly, p:om~tly ar~C fully perform, disr_ha•ge, execute, ef4ect, complete ccmply with and ab,de by each and every the stipt
larions, agreements, cor?diti~ns a~d co.e~anis in said promissory r.ote and in this mortgage set forth.
10. That in the event the ov?~nership of the mortgaaed premixs, or any part thereof, becomrs ~ested in a persor? other than the
h'ORTGAG02, the MORTGAGFE, its succe>~rs and assigns, may, without nofite to the 1~40RTGA~R, d_•af with s~~ch sutcessor or stx:essers
intere:t w~th reference to this murtgage anci the .iebt hrrebv secured in the same manner as with Mo~tgagor without in any way vitiating
~ r discharging the Mortgagor's li:b~lity he.eunder or upon the aebt hereby secured. Ne sale of the p.em~ses hereby mo•tgaged and no fore-
bearance ~n the p3rt of the h1rJRTGAGEE rts succezzers or assigns and no extension of the time for the payment of the debt hereby secured
g:.en bv the ti:t7RTGAGEE oe its suctezsors or azsigns, shall operate to release, disChargr, rt?odify, change or effett the o~igir~al liability of
~he A10RTGAGOR herein, e~ther ~n whote or in pa~t.
' i 1. It is spec;fically ag.ee.~ that time is of the essence of this contnct and that no waiver or any obligation hereunder or of the
i ~b::gat~cn SCtured h¢reby shalt at any time thereafter be held to be s waiver of the te~ms hereof w of the instrument secured hereby_
! _ _ TN Wfl'iVfSr"~iVfiE'RfOF. -T~~"it~tORTC1~ '~'frts'fra?s •
j Signed, $ealed and delivered in presente of: ~
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~ ~ , " ' ISEAU
STATE OF FLORIDA ~
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a COUNTY OF , -
~ Before me personalty appeared ~i a?x~
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his wife, to me nown. and Fnown !o me !o be the ind+vidua~i dcxribed in
and who executed the !oregoing ins~ru , and acknowledged before me tiwt th xecuted ti.e san?e fer the purposes therein e~epressed.
WITNE55 my and official seal th~s day of ./t D- 19 -
~ ; Notary Puthc ~n and (or the Srate o ida at Large.
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