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Home My WebLink About0605 ~,oiicy o. po~iuec sa~d MORTGAGEE slwll 1?avc the opt~o~ to receive arW app~~+ tne aa~ne w+ acc•~un~ the in.labtedness securc~ ncrcbv permit sa:~ t~!:~2TCA',AnS to ~cCeivc and use rt w any pstt thereof fw ofhe? purposes withaut fhCCC't~y wawin~ o? ~mpsit~ng any equify. . I~en or right under er by vi~tue of this Mortgage; and in the eveM s+~d MORTCAGORS shall fa. any ~eason fail to keep the said p?emiscs so inwrrcl, w fail to drli.e. ptwnptly any of said policies of inwranCe to said MORTG/1GEE, o? fa~l promptly to pay fu11y any ptlmiuin therefw, or in any ~espetl f~il to perfo~m, d~scharge, execute, effect, complete, comp~y with a~d abide by this covenant, a anv pan he~eof, said MORT• GAC~E may alace and pav for s~xh ins~rante or any part thereof without waiving ot affetting a~y opt~or?, tien. e~quity, o~ right untk• w by virtue of th~s Mortgage, and the full amount of ea.h and evary wth payment shall be immediately due and payabk and s1w11 bear intere;t t-om the date ther~vf until ~,.+d ,t the ~ate of~t a~d aj~per cent per annum and together with suth i~terest shall be sec~red by tF+e I~en of this mo~tgage. SEVeII one-quarter 4. To permit, commit w suffer no waste, impa~rme~t or deteriaation of sa~d property or a~y part thereof. S. It is hereby speci(ically agreed that any sum or sums which msy be loaned w advar.crd by the Mortgagee to the Mortgagor at any time after the retord~ng of this ~nde~ture, together with interest thereon at the rate agrted upon at the time of wth loan or advanCe, Sh~ll be equa~ly secure,' w~th and ha.•e the same prio~ity as the origir~l indetltd~ess, ar+d be subject to alt the terms and provisio~s of th;s mortgage: Frov~deci, th,;t t!~e abgregate ama:nt of principal outstanding at sny time shall not exceed an amount equal to one hundred and fitty per cent (150~1 of the p~irrc~pal a~.+.^.unt origina!ly secured hereby. 6. To pav afl and singut~r the c~sts, cha.Fes and expenses, irtluding s ~easonable attwney's fee snd cests of abstratt of title in- curred or paid at ::m• t~me bv ~~J ti"~RTGAG~E bccause or in the even( of the failure en the part oF tF+e said MORTGAGOR to duly, promptly ancl tully perf~~m, discharhe, execute, effect, ccxnptete, c~mply wilh and sbide by each and every the st~putat~a+s, agreemenis, con~~ti~x.s and c~.•rnantz of sa~d prnm~~so?y note an~ this m~rtgage any or eit4~er, and said cosis, tha~ges and exaenses, each and every, sha!I be ~mmt~i~aPe~y due and pa~•able; whethcr or not tltcre be notite, demand, attempf~ t or Q~~ he iull amaint of eaCh and eve~y zuch payment shall bear ~ntcrest f~om the date thereof until ~id at the rat~`b~and ~~]~pe~m per smurn; and all said tosts, charges artd expenses so ~ncurred or paid, togethe? with such mterest, shall be setured by the lie~ of thii m~xtgage. 7. Th_it (a~ in thc e~ent of anv breach of this Mortgage or default or+ the pa?t of the MORTGAGOR, w(b) in the event any of said : sums of money herc~n reter+cd to be net pr~mptly and fully paid wifhin thirty (30) days next afte? the same severally betome due and paYable, ' witFw~ut dernand cr not~ce, or !c~ the e.ent each and everv the st~nulations, argeements, corulitions and covenants of sa~d promissory note and this mertgage any vr e~t?.er are not dul~~, promptly and fully performed, diuharged, executc3, effected, tanpteted comD~ied w~th and aoideci by, thc~ in eithe+ or an~~ such event, the said aggregate wm mentiaxd in said p?omisso~y note then remaining unpaid, with interest ~ accrued, and a!1 mcneys secured hereb~•, shall becorr+e due and payahle fwthwith, o? thereafter, at tFse option of said MORTGAGEE, as fully ; and ccmplelely az if a11 of the said sums of money were origir?ally s!ipulated to be ~paid on suth day, anything i~ said promissOry note ot in ! th~s Mortgage to the contrary not withstanding; and the:eupor or thereafter at the optiw+ of said INORTGAGEE, wit!wut notite or demand. ` suit at I.iw w in equity, may be pr•r.~cutc~i as if all m~ies secured hereby had matured p~ior fo its institution. - 8. That in the e:rnt that at the beginning of ar at any time pend7ng any wit upai this Mortgage, o• to foretlose it, or fo rsform i!, or to enforte payment of any claims hereunder, s~id MORTGAGEE shall apply to the Cottrt having jurisdictitx+ thereof fw fhe sppointmcK~t or a Receiver, such Court s!~att forthw~th ap~~nt a Receiver, of said mortgaged p~operty all and singutar, irxluding all and singular the irxort~e, pro(its, issuas and re~enues from ~vhatever source derived, each ar+d every of which, it being ezpressly understood, is hereby mort- gaged as if spet~fica~ly zet forth a.?d dexribed ~n the granting and habendun~ clauses hereof, and such Receive~ shall have all the broad and effective funCtions an~ powert in anywuse entrusted by a Gou~t to a Reteiver, and wCh appointment shall be made by Suth Court as an adm~tted equ~ty and a matter of abs~~ute r+ght to said MORTG/1GEE, a~d ~vithout reference t~ the adequacy o~ inad~.~quacy of tF+e value ot the property martgaged or to tFw sotvency or insotvenq ~f sa~d MORTGAGOR or the defendants, and that such rents, profits, incomes, iswea and reveruos shall be appl~ed by such Reteiver according tn the l:en or equiy of said MORTGAGEE and the ?rxtice of suth Cou?t. 9. To duly, promaNy and fully perfo.~+, discl.arge, exacute, effect, complete comply with and abide by each a~d every the sttpu- lations, agreements, conditions and co.enants in said promissory lnote and in this morte~Qe set forth_ 10. Th,it in the e~ent the owne~.h;a of the mortgaged premises, or any ptrt thereof, becomes vested in a person other than the ~1pRTGACAR, the MORTGAGFE, its s~ccessors and assigrn, may, without notice to the MORTGAGOR, deat with such successo? or successors ~n interest with reference ro rh~s mortgage and the debt hereby secured in the sa:»e manner as wifh Mo.tgagw without in any way vitiating or dixharging the Mo~tgago: s tiability hereu~de~ or upa~ the deEt hereby secured. No sale of the premises hereby mo~tgaged and no fore- be~rancr en rhe part af the MOP.TGAGEE c+~ its successors or assigns and no extmsion of the time fw the payment of the debt hereby seCUred g~.en bv t~e ~`.ORTCAGEE ar its zuccessors or ass~gns, shall operate to retease, discharge, modity, change or effect the original Iiability of the (4tORTGAGOR herein, either in whole or in part. 1 t. It is specifically agreed that time is of the essente of fhis co~tnct snd that no waive. or any obligation he.~eunder or of the ?bligatic~ secured hereby shall at any time lhereafter be held to be a waiver ot the terms hereof w of the instrument secured hereby. ~.v1 .~.nar firct afc~.ecair~ ~ Sig?~ed, Sealed and detivered in presente of: tSE/1U ~ - - - - ~SE„~ k f ST/1TE Of FLORID/1 ~ SS. - COUNTY OF Befo?e me persorwlly appeared - . _ , - - ar?d - • ne to be the individuals desCribed in and who executed the foregoing i~st t, ior the purposes tF?erein acpressed. } ~ 1 1 1 1_; + ~ a ° ta! ~J ~ 1 ~ ^ ~ - i . _ . . . . - i WITNESS my and official seal tl U~ 17L,'C~;•:~~- ~ i._`. D,4 ; ~ ~119115"1 ' •''.*~~'c ~ ~ _ F. ° _ t'~~ ~ 9 _ - - - - N x:r.oF cC.[?:: 0\•~~~ _ State of Fbrida at Large. 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