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Home My WebLink About0238 poiicy a policies said MORTCAGEE shall have ttw optio~ to roc~iw and spply trw sam~ un account ot the indebtedneu secu~ed t+cre~v a h? pe~mit said to10RTGAGORS to reteivs and us0 it or sny put thtnof for ofhN pu?posss without thereby waivine o~ impairin6 anY eQu~h. lien w riaht under or by virtue of this Matgaee; snd in tht fwnt said MORTG/?GOR$ shall fo. any resson fail to keep tF,e- said premisos so inwred, w fail to deliver promptly any of ssW policies of inswanu to ssld MORTCAGEE, o~ fail promptly ro psy fuily any premium theretor~ or in a~y respett fail to perto~m, distF~r~e. txeCUte. effeCt, twopl~b. comply with u~d abid~ by this cove~ant, or snv pa?t he~eef. said MORT- GAGEE may plxe snd psy fw such inwru~te or a~y put tMnof withouf waivin` w affetfing sny option, lie~?, equity, or right ~u+der o? by virtue of this MortQage. and the full amou~t of ssth snd ewry suth paym~nt shsll b~ inw~sdiately due and psysbls and shall bear interest ; from the date therewf u~til id at tM nte of~ and (p er~n t p~r amwn snd ther with such interest shall be secured tF+~ iien of this mortQage. ~ SeV@Il~~~tk`ilI ~ ~ ~ 4. To permit, tommit w wffer no w~sM, impairn~t or dete?ioration of sald property ot imr ptrt thereof. { i 5. It is hereby specifiplly agreed that any wm or sums whith miy bs loaned or advsnced by tF+e Mwtgsgee to the Mort~agor at any time aher the retordin~ of this inde~turs, toQether with interest tl~ereon at th~ nte ~greed upon st the time of wch bsn or adva~rce, shsll be ~ eQually setured with and have the same priority u the wisins! incl~btedrNSS. and b~ wbjett to all the temu and provisions of this mortgage: ' Prwided, that the aggregate amount of principal outstandir?s ~t any tim~ shall not excetd sn srtw~r~t eqwl to one Fxx~dred and fifty per cent 1150~) of t1+e printipal anwunt ori~inally seturod henby. . ~ 6. To pay atl and singular the costs, charges and expenses, ineludin~ s ~easonabk sttaney's fee snd costs of abstract of title in- currcd or paid at any time by sa~d MORTG/1GEE becaux ot in the evcnt of the hiluro on the part of the said MORTG/1GOR to duly, promptly a~d tully perfo?m, distharge, execute, effett, tomplete, comply with a~d ab1d~ by tath snd every the stipulations, agreements, cw~ditions and covena~ts of ssid promissory r+ote and this mortgage a~y or eith~r~ and said tosts, thar~es snd e nses, each and every, shalt be immediately due a~d payable; whether or not there be notice, demand. attanpt ~q ~ or ~S~and the full amount of exh a~d every wch payme~t shall bear interest hom the date thereof until paid st tF+s rafe o~~(snd ~pt per tentwn per snnum; snd all said costs, cF+arQes and eXpenses so incurred or paid, togethe~ with such ~nMrost, shall b~ secured by the lien of this mort~sge. 7. That la) in~ the event of any bresch of this Mortgage or d~fwlt on the part of the MORTG/1CAR, or (b) in ths event any of said sums of money herein refened to be rat p~omptly and fully paid within thirty 1301 days next aher the same sevenlly betane due and payable. without demand or notice, or tc) in the eve~t each ar?d everv the stioutatia~ru, a~~eements, conditions and covenants of said promissory not~ and this mortgage any or either are not duly, promptly ~nd fully per/ore~etl, discharged, exetuted, effetted, con~pleted tort~plied with and abided by, then in either or any suc?~ event, tF+e said aggregste sum mentioned in said promissory note then remaining unpsid, with interest accrued, and all moneys sccured he.eby, shall become due and payable iwfhwith, or thereafter, st the option of said MORTG/1GEE, as fully and completely as if all of the said sums of money were originally stipulated to be psid o~ such dsy, anything in said promissory note or io rhis Matgage to the contrary not withstandi~Q; snd thereupan w tl+eresft~ at the option of said MORTGAGEE. without notice or dert+snd. wit at law or in equify~ may be prosetuted as if al! rrwnies setured heroby had mattyred prio? to its institution. 8. That in the event that at tF+e beginning of or at any time psndinQ-any wit upo~ this Mortgage, or to forecloae it, or to rcfam it, w M enforce Wyment of any clairm hereur+der, said MORTWGEE shall spply to the Court F+avinQ jurisdittion thereof fw the sppointmmt of s Reteiver, wch Court shall forthwith appoint a Reteiver. of said mortsa~ed prope?ty stl snd singul~r, i~cluding sll and singular the income, pmfits, issues and revenues. from wF+atever source derived, each snd every of which~ it being expreuly undentood. is hereby rtwrt- gaged as if specifically set fo.th and described e'~ the granting and habandurn clauses hereof, s~d such Receiver shall haie all the broad and effective functio~s and powers in anywise entnnted by a Court to a Receiver, snd such sppointrtient shall be ?r~sde by suth Court ss an admitted equity and a matter of absolute right to said MORTGl~?GEE, and without referente to the sdeqwty or i~adequaty of the value of tM p?ope.ty mortga6ed w w the solvency w i~solvency of said MORTG/1C'AR or the defendants. and that such rents. profits. incomes. iswes and rever?ues shall be applied by wch Receiver xcording to the lien o~ equify of said MORTGAGEE and the pnctice of such Court. 9. To duly. Promptly and fully perform, discharge, exccute. effect. oon+pkte comply with snd sbide by each and every the sNpu- latiorts, agreeme~ts, conditions and covenants in said promissory note and in this morf~sQe set fo?th. !0. That in the event the ownership of the mwtgaged p?emises, or sny part thereof~ becomes vested in a pe?son other tha~ tM MORTGAGOR, the MORTG/1GEE, its wccessors a~+d assiens, may, without notice w the MORTGAGOR, deal with such successor or wccesson in inte~est with reference to this mo~tgage and the debt hereby secured in ths ssme manner ss with Mortgago? without in sny wsy vitiatin~ or or discharging the Mortga~or's liibility hereunde? o? upon ths debt hereby securcd. No sale of the premises hereby mort ~ed s~d no fore- bearance on the part of the MORTGAGEE ~ its succeuws or assitns snd no exteruion of the time fw the psyment of the t hereby secured g+.•en by the MORTGAGEE or its succ~son or auigns, sF?all operate to rolesse. dscharge, nwdify, change or effect ihe ori~inal Nability of the ti10RTGACAR here+n, either in wtwle or in part. 11. It is specifiplly agreed tF+st time is of ths esseno~ of fhis aontnct snd that no waiver or sny oblitation hereunder or of the ~bligation secured hereby shall at sny tirt+e thereafter b~ hald to b~ ~ waiver of the terrtu hereof or of the instrument secured hereby. Signed, Sealed snd delivered in presence of: ~ Flrst fed~tal Sav?ngs and Lom ~ ; ~'rt. pf ~ndian Rrv~r County , ~ - 2045•14th Ave. P.O. Box 12~ _ cs~?u ~ - Yero Beach. F?~ ~ _ _ - cs~?u STATE OF FLORID/1 ' COUNTY OF _ _ _ - ( ~ , se~ a~iw .o~,..a ~ S C ~.7~ E L U I A? - - - - - _ ,~,a. - - ? ~ t)(?C:.::'c:~:T.'•: =T ~;fAvIF~ i:~X ~ - - - - - - - ~ - to me ro be the individwls dest.ibed in and who executed the foreaoina i ~ _;~lfG25']1 j~` :?~q. _ :n+e fw the purposes therein expressed. ~ ~ uEiI.4F [E~F~:M[ 1 ` " O O ~ WITNESS nd srd offici~l sei _ - - - _ . /1 D. 19 . QR,ivo~~t ~ - - - • - - - - - Notary Public in ~nd fo? tF+e State of Fbrida at lsr~e. ~ ~ ~ ~ ' I ~ ~ ~ . t ~ ~ r=1 ~ V ~ I w ~ ~ f ZaZ ' ~ p A . - ~ >~o ~ ! ~ oc ' Q»~ ~ t xaos W M i ~ ~~m ~ O Q Z ~ ' ~a ~ ` L~~Q U ~0~ ~i ~ - ~ i Ao~ W E""~p ~ ~ ~ Q ~ m ~ ~ . ~ ~ p ~ ~ 195 PACE 238 w I ~ ~ ~ : -i ~ . . - . , _