HomeMy WebLinkAbout0148 .r:i~ty ~r p~t~c,es s.ud MORiGAGfE s<<au h~ve tr~ opnon to ~ece+ve and apoly trx k?me un .-uu~t ot t1u ~~.lvbrs.~J~eu secu-ed ~crMv or en
perm~f sa~d A•pRTGA ~dn~ to ~cYe~~e and ux it o~ ~ny part th@reOf f0~ Otht~ purpc,Yc'S W~t~:.ut the~epy w3»~ng Or ~mpt~n~e ~ny lpuify,
I~rn or nght unda~ o~ b~• o~rtue ot tH~s Mortaage; and in the event said MORfC/1(,ORS shall fo. anv reakn fa~i to keep the sa~d prcm~ses
s~ ~nsur~l, or fa~t to ~ial~.r~ promp:ty any of sa~d {',olit~es of inw~anCe to said MORTG/1GEE, or fail prompNy to pay fu~ly any p.emium therelor,
o. in any resprtt fa,l to p.~rf~rm, d~scharqe, execute, effect, canplate, coR:ply with and ab~de by this cover+a~t, o• a~v pa~t hereof, said MORT.
GAGEE m~y ptace and pay for suth insu~ar?ca o~ any part thereof witha~ut waiving or afftcting any optior?, I~?n. equity, or ~ight under or by
.~rtue uf th;s til~rtgega, and the full amount of each and every such Fayment s1w11 bE immed~ately d•.m and payable and shail bea. interest ,
frc~n thc date ?her~f u~til ~aid at tFx ratc of Yi]f and ~W4 crnt pe~ annum and together with ~uth intcrest shall be secu~ed by tne ~
t~~~n of this murtgage. SeV@Il OIIE,''~c`~
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To pe.mit, comm~t or suffer ~o waste, impairment w deteriwation of said p~operty o~ a~y pa?t thereoi.
S. It is tiercby :p~.~afccal:y agrecd that any sum or wms which tnay be Ioaned or ad~an:ed Gy the ht~rfgagce to the M~~rtgagor at a~y
t:me after the recording of this indenture, tegether with interest the~eon at the rate agreed upon at the time of suCh Ioan or advante, shall be
equa•ly secw~~f with arx~ h.,.e t~e :ame pno~~ty as ihe origina) indetleclneu, and be subjett to all the te?ms and provisions of ffi~s mortgage;
Prov~ded, tlat t4~e ayg~rgate amo~nt of pnnupa! aatsta:xfing at any firt?e shal) not exceed an amount equal tu e~e hur.d~ed and fifty per cer:t
`~50~) of the prirc~pai am_.unt o:~g~nally seCU~ed hereby.
6. To pay all a.~d s~~g.~tir tl~e c,srs c~+arges.~rtd expenses, ir~luding a reasortable attorney's fee ar.d costs of abst+act e( tiNe in-
_ur.crl or paid a; ::n~• t~m~ by >>~.f ~!JRT~,AGcE uccausr or in the evc~t of tF?e failure on the part of the sa~d A40RTGAGOR to duly, promptly
and fulty pe~f ~rm, d~sCharae, extcutc, effeCt, Complate, t~mply with and ab~de by each and every the stiputations, agre~ments, cond~Nons
.+nd wvenants of said p~cm~s~ary note ar.d this m~rtgage any or eit~•er, tnd said costs, charges and expenses, each and every. shatl be
u,~m~~d~ately due and pa~•a~le; wheth~r or not the.e be notice. demand, attempt tS@~11@flor artd the full amcunt of each and
e.ery such payment sF,al{ bear intcrest from 'hc date thereof until paid at !he rate of Xi~and~~r tentum per annum; and all said
costi, CF~rges and etipense~ s.~ ~ncurred or paid, togethtr w~th suth ~nterest, shall be setured by the lien of fhis mo~tgage.
T:~,at (a! in the evenr ~f an~• b~cach of this Iblartgage or Cefault on the part of the ti10RTGAGOR, or (b) in the event any of said
sums of mcney h_rein refe~•ed t~ be rwt pr~~rr,ptty a~d fully pa~d witnin thirty (301 days next after the same severatly become d:ie and payable.
w~thout den+and er not~ce, o~ tc ~n the e.~nt euh and everv the s:~uulations, argeements; cond~tions and to.enants of said promissory ~ote
and this m^rtgage any cr eithar a:e n~t dul., prcmaNy and fully perfOrmed, d~xha~ged, eKecuted, effectecl, Cumpleted tompliec~ with a??d
ab~ded by, th•:n in c'ither o+ an~ suth e~ent, the said aggregate sum mer.tio~ed in said prumissory note then remai~ing unpaid, with interest
accrued, arw~i ail m~neys secured he~eb~•, shall become ~u~ and payable forthwith, or thereafter, at the opt~on of sa~d MORTG.4GEE, as fully
a«d tempterely as if aIl of the sa~c! sums of money were orig;nally stipulated to be paid on suc!~ a~yshing in said promissory note or in
rh~s Mortgage to the co~rrary not ..~~~hsra~~ding; and ther~up~n or thereafter at the apti~ of ca~d h10RTGAGEE, without notice or demand,
su~t at law or in equ~ty, may be prr.ccuttYl as ~f ati mo~~es secureJ nereby had matu~ed priw t~ its institution.
8_ That +n !he event that at the beginning of or at any time pending any Suit upon fhis Mortgage. or to fPreClose if, or to reform
~t, or to enforte payment of any claicns hcreunder, said MORTGAGEE shall 3pply to the Court having jurisdittian thereof for the appointmi.v+t
of a Reteiver, such Court sha11 iorthw~th appa~nt a Receiver, of said mortgaged property all and s:ngular, including all and singular the
~ncome, profits, issues and re~e~uet fr;m wh3tev~• source deri~ed, each a~d every of which, it being expressly understood, is hereby mwh
gaged as if specificailv set 4crth anci c+escr~t~ed in the granting and habendum tlauses he.eof, and such Recriver sFull ha+e all the broad and
effect~•:e functions and powers in anywiSe e~tru:ted by a Ccx,rt to a Receiver, and su;.F+ app.^.intment shall be made by wcn Court as an
adm~tted equi;y an~ a ma±ter ot absolute right tn ca~d f~10RTGAG~E, and without reference to 4he adequaq• or inadequacy of tF~e va!.re of the
pr~perty mwtgaged or to the sol~enty or insolvency of said MORTG/1GOR or the defendants, and that such rents, profits, incanes, issuea
and revenuei shall be appt~ed by such Receiver accord~n~ to the !ien er equity of said MORTGAGEE and the practice of zuch Court.
9. To duly, promr=Iy a~i~± fu!ly perform, d~sc!+a.ge, execute, effett, tom~lete comply wi!h an+~ ab~de by each and every the stipu-
'anons, agrecments, ce~~diti~~s and c~~enants in sa~d premissory note and in this mo.tgage set forth.
10. That in the event the ow-nership of the mortgaged premises, or any part th~reof, becomes vested in a persan other than the
RIORTGAGOR, the MORTGAGEE, its successors arxi assigns, may, without notice to the MORTGAGOR, deat ~vith such successor or wccesson
~n interest w~th reference to this morteag~ and the debt ~ erehY ~^cured in tF+e same manner as with Mo+tgagor without in any .vay vitiating
~r distharging the Mortgagor's 1lability hereunder or upon the d2Nt hereby secured. No sale of the premises hereby mortgaged and no fwe-
~t~~rance ^n ihe p3~t of the MORTGAGEE n. its successors o~ assagns and no extensio~ of the time for the payment of the debt here'uy secured
g~.~en by the \jORTGACEE or its s:,cc~~ssors or assigns, shall operate to release, distharge, modify, change or effect the ~riginal liability of
th~ h!ORTGAGQR herein, either in wiu~le or in part.
11_ Ir is spet~fically agreed that timc is of the esserste of this contrxt and that no waiver or anv obligation hereunder or of the
:bGgan ;n secured hereby sha~l at any t]me thereafter be held to be s waiver of the terms jtereof or of tt?e instrume~t setured hereby.
' ned, Scaled and delivered in presence of_ i~
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Before me personally appea-eA f' ' and
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~ ~ his wife, io me well kn~wn, md ~ r to me tu be the individua~s destribed irt
and who executed the !oregoing instr~ and ackno.•,fedged befo~r me that they eaecuted sn~ 3~ for t:ie purposes there~n expressed.
WITNESS my and official seal thiz ~Jay of _ . A. D_ 19 _
Notary Public in and fof the Srate of Ffo.ida at Large.
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