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Home My WebLink About2224 ~ucr ~r P'~~~~es s.~~A Mt~RTC,AGEE s!utl have the opt~on to rece~ve and appiy tne wrne un acco.u+t ot the indc~t~tecf.+ess sec~~ea ?~erebv o~ tn pr~mA sa~d A1"~:TGA';:Oti~ to ~~~c.~~rr a~d use it w any part thereOf fo~ other pu~poses witFM:uf thc~~by waw~ne or ~mpa~ring any eQuity. ~~en ~x r~Rhr un~kr or bY vi-tue of ~h~s Mortgage; and in the event s~id Mt~RTG/1GORS shall to. any ~easu~ tail to keep the said premises s~ ~nwred, u~ ta~t ~o cf~t,.c~ p~umptly any of said poliues of inw~rnce to said MORT(;/~.r,Ef_, or fail prornp~ty to pay fully any premium thcreto., or any ~e~p~~u ta~i to pa~f~rm, diuharge, execute, efiett, tomplets, comply rrith arxl abide by th~s covenant, w anr part hereof, uid MORT- GA,r,EE may place :.nJ pav for a~:th insuranCe or any put thereof v?ithOUf waiving or sffeCting a~y option, I~er+, epuity, o~ righf u~9e~ or by .~~tue of th~s t~lurtgasr, and the full ama~~t of each and every such psyment shall be imme.d~ateiy due and payable and shall bear ~nterest trem IFu date tixrr~f uni~l paid af the rate o ~J~~~per cent per amum and togelher with such interesf shatl be secured by tne I~~,n of th~s nwrt6~Be• SE.'VE'll a t~iree-quarters a. To permit, commit or suf(er no waste, impairment or dcterioration of said property w any ~v~t thereof. 5. It is hereby ~pec~l~catl~• agreed that any sum or wms whith may be loaned o? advanced by the Mortgagee to the Mortgagor st any r~mc after Ihe rctu~d~ng of this indenture, togethcr with interest thereon at the rate agreed upon at the time of suth loan or advance, shall be ~~.;ua•Iv secur~tii w~th anQ h~re ~t~e same prionty as the origina) indeGtedness, and be tub~ect to aN the te~ms and prov~s~o~s o( this mortg~ge: Pro~,dec1, th~t t~.e a~;grrgare amount of pnncipal outstanding at sny time shatl not exceed an amount eqwl to one hundred and fifty pcr cent i 15Q~1 of thC pnn:~pol 3nr>unt ong~ndliy SCCUred hlrfby. 6. To pay all a.ni singu?ar ~ha cczrs, ch.iges and expenses, irclud;nQ a reasonable attorney's fee and costs of abstracf of t~Ne in- cur~~,d or paid at ~nv t:m~ by a.a,d \'JRTGAGcE bc<ause c+r in the evcnt of the failure on the patt of the said MORTG/1GOR ta duly, pramp?ly and fully pc~( ~~m, d~scha~be, r~eecu<<, effect, complete, c~np~y with and :bide by tach snd every the stipulations, agreementz, conci~ti~+s .and c~.c~anr, uf sa~d pr~m~,-.cr~ n,:te ar,~ this m~rrgage any o. eit~er, and said costs, charges and expenses, each and every, shall be ~~~medwtrt~• due ~n~ payab!e; whclhtr or nat thrre be not~ce, demand, attempt tq~~ Ql]~t d~~~*+:'unt of each and e_e~~ s~ch paym:nt shatl bcar ~nte~est fr~m the date thcreof until paid at the rafe ofx~p(~(~(Q(l~~ per ~entum per annum; and all said c~sts. CFurges and e~penscc i.~ ~ncurrc~.~1 vr paid, together w~th StKh ~nterest, shall be setured by the lien of this mo?tQage. 7. Tnat la: in the e.ent of any breach of this Mortgage or default on the part of the MORTG/1CAR, or (b) in the event any of said sums of money h~re~n r~(er+ed t~ tx+ ~ot promptly an~ fully paid within thirfy (301 days next after the same siwerally brteme due and payab!e. w~ttwwt drnwnd cr notice. er 1c~ ~n the event e~ch ar.d eve~v the st~puiations, argeements, conditio~s and covenants ot said promissory note ~nd this m: ~tg~se any or e~ther are n~t c~ui.• promatly and fully pecformed, dixharged, exetuted, e4fected. Completecl C~+'fplied with and ah~ded by, then m e~ther o. an,- suc~+ event, the said abgregate wm mentio~ed in said pcomiz:ory note then ~emaining unpaid, with interest accrued. a~d a~l moneys se:ured he~ebv. shall become due and paya5le forthwith, or thereaiter, at the option of said MORTGAGEE, as fully and completely as if at; af t~,e sa~d tums of money were orig~natly stipulafed to be paid or+ such day, anything in sa~d promissory note or in th~; Mortgage to the contrary not ~v~thstanding; and thereup.x? or thereafter at the option of said MORTGAGEE, without rw~tice or dema~d, su~t at law or ~n equity, may b: pr~,.r.ated as ~f all m.x~ies secured hereby had matured priw to its i~stitution. 8_ That in the e~ent that at the be~inning of or at any time (~ending any ssiit upon this Mortgage, or to foretlose it, or to reform ~r, or to enforce payment of anv cta;ms hereu.w~ier, sa~d MORTGAGEE shall apply to the Court having jurisd~ction thereof fw the appointmenl of a Rece+.er, such Court shall forth.vith app~,nt a Receiver, of said rt?wtgaged property all and singular, including all and singular the ~ncome, protits, issues and re~enu•~~. f.~ m~~hJtr~.~r s~urte deri.ed, eath and every of whith, if being exp+essly understood, is hereby mo~t- gaged az if spec~fically set iereh and :iescr~bed ~n the grant~ng a.~+d habendum clauses hereof, and such Receiver shall have all tF+e broad and eifective funct~;:ns and powers ~n an~wise entrusted b~• a Cou.t to a Reteir•er, and such appointment shall be made by such Cou~t as an admitted equity artd a mattcr of at~s.lute right to said A10RTGAC.EE, and witFWUt referenCe to thC adeq~;aty or inadequaCy of thC value of tht ' pr:.pe~ty ma~tgaged or to the s:~i.er.c.• or insa~.ency of sa~d MORTGAGOR or the defendants, and that wch rents, profits, incomes, issuea ' ar.d revenues shall be apptied b~• wch Rece~ver accordfng to the lirn or equity of said MORTGAGEE and the prattice of such Cou?t_ e 9. To duly, premprly and fu:lv perform, d~scharae, execute, effect, tomptete compty with and ab~de by each and every the stipu- anons, agreements, ccnd~ti~ns and covenants in said promissory ~ote and in this mortQage set fo.th_ 10. That in the event the ownership of !he mortgaged prtmises, or any part thcreof, becc~mes vested in a perso~ other than the. A~v^RTGAGOR, the AlORT~AGFE, its successors arxl au~gns, may, without notice io the MORTi,AGOR, deal with suth sutcessor or sutcessors m interest v~•ith referente r. rh~s mortPage and the debt herebr secured in the same manner as with Mortgagor without in any way vitiatinQ ~r distF+arging the A1o~tgago.'s liabiliry hereunder or upon the debt hertby setured. No sale of the premises hereby mortgaged and no fwe- ~ca~ance c.~ the Fart of rhe MORTGAGEE its wccesson or auigns and no extension of the time for the payment of the debt hereby secured ~~en bv t~e \'ORTCAGFE or ~ts successors ur assigns, shall operate to release, discharge. rnodify, change or effect tfie wigirui i+abiiity of e h}ORTGA~}?R he~cin, e~ther in whole or in part. I 1 l. It is specificati~ agreed that time is of the essente of this tontrstt ar~d that no waiver o~ any obligation hereunder or of the - i .;b:~gaticn secured hereby shall at any time thereafter be held to be ~ waiver of the terms hereof or of the instrument setured hereby. . has he~eunto xr Ms hand and seat 1iw day-and yoa. ~••ct.a~a~~ ncd. Sealed and delivered in presence of_ - r~ ~ FitSt Federal ~~v~nAs and lo'tl ' llss'n. ~,t ~ . ~ ~ ry _ = ~ ? ~•0(JA 2045• N.~. (3oX 1209 ~.~~~f o Beac~, f brida 3296Q cs~wu ~ / cs~u STATE OF FLORlD/1 ~ - ~ SS. COUNTI" OF ~ Befwe me personally appeared - - - - - arxi his wife, fo me well known. and krto me ro be the individua~s dexribed in and who ezecuted the 4ore ~nstrument, and ackncwiedged before me that they executed the same ti,e purp~ses therein expressed. \ WITN my hand and offiual seal this day of . ` O. 19 . Notary Public in and fo. the State of Florida at La.ge. ~ / ~~,y~rnir~- _ ~ ~ - ~ a - x ; . ~ ~ I~ t/~ Z : ; r~: C~ o : ~ ~ w { ",z~~ ! ' ^ E a z ` ~ ~ ~ ~>O~.~i 7 i ~ ~ Z ~ ~~:Q~,~ ~ ~ 1 r+y; ~ ~ t~~~ •n W ur . ~ r i,l ~ ~ l~ Q > j.~ , ~ ~ ~ ~ •N 1 ~ ~ ~w ' ~ ~ Y ~ a/ i~: a z Z ~ ~ ! , ~ ~ LL,;~a~ ~ ~ ; r ~ ~ ~ ~ ;t~°° ' ' ~ " ~ ~ ; Z . ; i r`.. ~ ~ ~ ~ tC] J' ~ r ; E,,,, ~ O ` • ~ ~ fi, .~i (,y, Z Q ^ l v ~ ~ ~ I , ~ ~ ~ ~ . ~ ~ ~ , ~ ~ ~ ~ ~ ,M, ~ R 1 _ > ~ ~ ~ ~ - ~ ~ ? • . , w ~ ~ ~ ~ : 1 i ~ ~i i 1 i ~y 1 _ - - -