HomeMy WebLinkAbout2813 youcr ~v p•~~~c~rs s.~~~1 MORTGIIGEE s?ull have the opt~~ to reteew~ and appty tne aarne un accov~t of the ~n::aDtcck~c~s securcd ncrebv or M
perm~t a.?~d A!Jf~TGN;:Of:~ to ~ccc~vo and uu: it o~ any pa?t Ihereol fo? other pu~pvses with.~ut 1hc~eGy wa~~~nQ w~mpa~r~n~ a~Y epuity.
I~en w riRht undcr by vi:tuc of this Matgage; u+d in the ~va~f s~id M~'~RTG/1CARS shall fw any reason fail to keep tF+e sa~d pemiscs
so ~nsured, o. ta~l tc cirliver p~~mp~ly a~y of said poliues of inw~ants to saio MORTGItGEE, w la~l p~omptly w psy fullv anY Premium thcreto~~
o~ in any resp~~tt tail to pe~fo~m, d~stharet, exeCUte. effett, tomplef~, twrply with ancl abide by thi~ coveNnl, ot anv part hereof, said MORT-
GI~GEE may p~ace and pav 1os suth Insurar?ce w any pa~f thenof without waivi~~ o~ affeCtin~ any option, I~er?, equify, w.~¢ht w+de~ w by
.~rtue of this Murtgagc, snd the full amount of eath and every wth payrt~f shsll be immed~ately due u~d payable and shall bear incerest
tro.n the date ther~vf un~il paid at thc ~ate ofxXc and~~px cer~t pK annum and toaethe? w~th such inte~est shall be secured by tFr
or ~h~: ~a.~sae~. seven - one-quarter
4. To permit, caru+nit w u~{fer no wuts, impsirment or deteriwatan of ssid p~ope~ty w ~ny part thereof.
5. It is he~eby specii~cally agreed that any sum o? swns which rtay be !aaned w advanted by the Mo~tQagee ro the Mortgagor at any
time after the returdinQ of this indentu~e, to~ethe? with interesf theraon at the rate agretd upo~ at t?+e time of wch loan or advance, shall be
rquaUY secu~c~f w~th a~d have the samc pr~o~ity :s the oriQinsl indebtedness, and be sub~ect to all the te~ms and provisions of this mortQage:
Pruv~Jed. that tl~e abg~egate am«unt of principal outstandin` ~t any time sh~ll not exteed an amount eqwl fo one hund~ed and fifty per ceM
1150~1 of fhe p~inc~pa! amounl originally iecured hereby. ~
6. To pay all anci sinsular the c.~srs. char~;es and expenses, ireludin` s reasonabla o:torney's fee and costs of abstract ef tiNe irt-
cur.ed a paid at ~nv limc by sa~d M~RTGAGEE bccause w~n rh.: event of the failure on the part of the said MORTGAGOR to duly, D~~P?~Y
and lully pert~~m, d~scFwrge, crecute, effect, complete, comply with and ~bids b; each and every the strpulafions, ag~eeme~ts, conditions
.,nJ c~.ena~ts of siid p~um~si~~ry notc and this mortgage any o~ ei~her. ~nd said costs, charges snd expenses, each u+d every, shall be
~mme«fiatrly due and p~yable; whether c~ not t1.c.e be notice, demand, stfempt t or full amount of exh and
me
e.e~y such p.iyment sfwll bear interest from the date thereof ur+til paid st the rate~S r c per anoum: and all said
costs, Cha~ges anJ expenses sn ~nturrcd w paid, togethe~ with wch ~nteresf, shall be secu~~by t ~en of this mortQage. i
t
7. That (a? in th. evcnt of any breach of this Mortgage or defsult on the part of the MORTG/1GOR, or (b) i~ the evcnt a~y of said ~
sums of money hcrein re(P~rc.i to hr not prompNy and fully paid within ti?i~ty t30? days next after the same seve~aily betome due and payab~e.
without demarxf o. notice, or tc1 the e.c~t e.xh and everv the stioulatiorts, argeemenK, corsditions and covenants of said p?omissory note
and this mettgage any or eith~r are not duty, p.omatly s~d fully performed, disc}urged, executed, effected, completed complied with and
abidcd by, then in cither or an~• s~~th event, the said ~ggregate wm mentiorxd in said promissory ~ote then remaini~g ur?paid, with interesf- ~
accrued, and all mo~eys secured hereby, shalt becon?e dut and paya4ls fo?thwith, or the?eaiter, at tF+e optio~ of said MORTG/1GEE. as iully ~
and tomptetely as if all of thc said sums of money werc originally stipubted to be paid on suth day, anything i~ ssid p?omiuory note or in
rh~s Matgage to tt+e contrary not withstand~ng: a~?d thereup~n or thereafter st the option of said MORTGAGEE, without notite or demand.
suit at law o~ in equ~ty, may bc proxcutcd as if atl rn.x~ies secured hereby Fyd matu~ed prio? to its institution. ~
8. That :n the event that at the beginni~g of or at sny time pe~ding any wit upor? this Mortgage, or to foretbse it. ar to re(arn
it, or to enforce payme~t of any claims hereundet, said MORTGNGEE shall spply to the Cou~t having jurisdittion thsteof for the sppointmmt
of a Reteiver, such Court shalt forthwith appoint a Rtceive~, of said mortgaged prope?ry all and singular, intluding a11 and si~gular the
incorne, profits, iswes and revenuet from wl,atcvr_r source derived, each and every of whith, it bting expressly undersfood. k here4y mort-
gaged as if soecificaily set_ fortF~ arxi descnbed m tF+e gra~ting and habendum_
~~auses hereof, and such Receiver shall have all the broad snd
cffecti.e functions and powe~s in a~yw~se e.+trustcd by a Court to a Receiver, s~d suth appointrnent shall be made by such Court as an
admitted equity and a matter of absolute right to said MORTCAGEE;~antf without reference to the adequacy or inadequacy of the value of th~
property mortgaged or to the sotve~?ty or insolventy of said MORTGI~GOR or the defendants, and that suth re~ts, profits, incana, issuu
and re.-enues shall be applied by wch Receiver according w the lien o~ evuiry of saFd MORTG/1GEE and the p.xtice of wch Court.
9. To duly, promptly ar.d futly perform, ~~3charge, exetvte, effect, camplete comply with and abide by eath and tvery the stiqr
latia~s, agreements, co~diti~+s and coYCnants in said promissory r+ote and in this mortQaQe set iwth.
10. That in the event the owne.ship of the mwtgaged premises, w any part thereof, becomes vested in a person other thsn the
MORTGAGOR, the MORTGAGEE, its successors and assig~s, may. without not=ce to the MORTGAGOR, deal w;th such wocessor or waessoa
in i~terest w~th r~ference tu this mo?tgage and the debt he~eby secured in the same ma~~er as with Mortgagar without in uy way vitiatina
or discha?ging the Mo?tgagcx i liabiliry hereunder w upor~ the debt he~eby setured_ No sale of the p?emises hereby mortgaged and no fore- ~
bea~ance m the pa.r of the MORTGAGEE o~ its successws or auigni and rw extension of the time for tF+e payment of the debt hereby secured ~
g~ven bv t!+e ~SORTGAGEE or its successors or assigns, shall operate to release. distharge, tradify, change or effett the original liabiliry of ~
the tiIORTGAGOR herein, either in whole or in pa~t.
11. It is specifically agreed thaf time is of the essente of this tontratt and thaf no waiver or any obligation hereunder or of ths
~bl:gaticn setured hereby shall at any time thereaRer be held to be ~ waiver of the terms hereof or af the instrument seCUred heteby.
. Sealed and delivered in presence of: _ /
i
,
r
.
~ - - . . (SEAU
- - - _ J„
~ _ . _ _ (SEAU
STATE OF FLORIDA +
COUNTY OF - - ~ /
Befwe me personally appeared - - - - - \ ~ - - - - - _ - _ and
- - _ - _ - - - . his wife. ro me well known. a - to me to be the individuats describcd in
and who executed the ~wegang i t, ar+d acknowledged before me that they executed t me for the purposes therein expressed.
WITNESS~r and official seal this - - - - - - - daY ef--- - _ , /l D. 19-- •
\ -
_ - - - - - - - - -
Notary Publit in and for the State of Fiorida at Lar ~
- ' - - - ~
W _ i
a , a
1
W yo ~ x
. _ , c~ : ~
Iz~'~ i G
A ~ ~ - -a ~ ~S
~aoo ~ I M c~
- r' ~ ao .Ol
I~1 ~ a> ~ ~ rEr r 0~
V ~ "''aZZ ~ ~ ~ a m
E"~ _ i L L~ 0 0 L"
i ~ p e i
~ - A-~Z ~ ~ ~ ~
e
~
0
c.'3 ~ - 4,Zo a ~ o
< w
~
~ : - i _ ~q >
a ~ - ' ~
~ : ~ ~
~ ~
~ ~~~K1~3 ~Slil ~ - -