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,r~~~cr P=~~c~es sa~d A10RTCAGEE s~wll have the opt~on to receive and appiy tne sarne un accou~t ot the ~nJebtCdntSS SeGurCA herebv or n.
, erm~t sa~d k9JnTGAt'.On~ to rece~~e and use it ur any part thereof fw other purposes w~ttwwt thcreby N~a~~ing or impa:nng any epu~ty.
::en er nght under c. by v~rtue of [hu Mortgage; and in the eve++f said MORTG/1GOR$ shatl fo. any reason fa~l to keep the sa~d prem~scs
s~ ~nwred, or fa~1 ro dehYe~ p:omptly any of said poliues of inwrsr?te to said MORTI;AGEE, or tail promptly to pay fully any premium thcret~r,
~n any resp~-ct fa~l ro perf~rm, d~uharge, execute, effett, cumplete, tomply writh and abide by this covenant, or anv part hereof, sald MORT-
;,AGEE may place and pav for such inswante or sny pa~t thereot without wsivine or sffecti~Q any opho~, Gen, eqwty, or nght under o~ by
.,~~ue of this hlortgage, and thr full amount of each and evr wth payment sF?all be immediately due and payable and shall bear ~nterest
~m the dare ther~~f unr~l p~id at the rate of XX~fY~?~b]~ per cent per annum and together with wch interest shall be secured by tne
~•n ef this mort6age. SeVell a11Ci OI1e- half
a. To permit, commit o? wffe. ~ waste, impairment or deterioration of said property or any part thereof.
S. It ~s hercby speuf~catly agreed that any wm or wms which msy be loaned or advanced by the til~rtgagee ro the Mortg~gor at any t
~ mc after the retording of this indenture, together with interest thereon at the rate agreed upon at the time of SuCh loan or advance, shatl be ~
~•.;~a't~• secu~c,i w~th and haYe the same pr~ority as the or~ginal indetledness, and be wb~ett to all the te~ms and provisions of this mortgage:
~:~~~ded, tlut the asgregate ameunt ot pr~nc~pal outstar?A~ng at any t~me inaii not exteed an amcKmt eqwi to one ~+unci~rci arxj i~iiy ..s;~~i
5096> of the principal am~unt orig~nally seCUred hereby.
6 To pav atl and singu~ar rhe cesrs. charges and expenses, ireluding a reasonable attomey's fee and costs of abstract of title in-
c~~~ed or paid at ~m~ t~mc by sa~J \'JRTGA:,EE bc.ause or in the ev,:nt of the failure o~ the pa?t of the said MORTGAGOR to duly, p.omptty
a^d fully perfirm, d~stha~AC, e~YUic', effect, cemptete, c~mply with a~d abide by each and every the stipulations, aEreemenss, cend~tions
.,nd WvCn3n1S of said prnm~ssory notc an~ this m~rtgagc any or eit~er, and said CBD,V~p?8~1~'+d~~l~ath and every, shalf De
~~med~ately due an~ payable; whether er not there be not~ce, dema~d, attempt to eollect or w~tp ing; a t futl amount of each ar.d
c.e~y such payment shail k.+ear interest fr~m the date thereof unti) paid at the rate o~c~X~~IGKtKaXper tentum per annum; and all said
s~;, charges and expenses so ~ncurred or paid, together w~th such interest, shall be secured by the tien of this mortgage.
7. Tha; lal in the event of any breach of this Mortgage or default on the part of the MORTGACAR, or (b) in the event any of said ~
;,:ms of money here+n refered t~ be not p~omptly and fully paid within thirty (30) days next after the same severally become due and payab!e,
w~thout demand cr not~ce, cr ic• ~n the e.e~t each and ever~ the st~nulatio~s, argeements, conditions and coYerwnts of said promissory note
,nd this mertgage any o? e~tfier are not du!>, p~amatly ar?d fully performed, distharged, executed, effected, canpleted tomplied with and
a^:ded by, then in either o. any s~~ch event, the said aggregate wm metitio~ed in said promissory note then remaining unpaic~, with i~terest
ac:rued, and all moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully ~
a~d comp!etety as if afl ot the sa~d sums of money w-ere wiginally stipulated to be paid on such day, anything in said promissory note or in
'~::s Mortgage to the cuntrary not withstanding; and thereup~n or thereafter st the option of said MORTGAGEE, without notice or demand,
su~t at law or in c~uity, may t~ pr~sccuted as if all m~ies secured he~eby hsd mstured prior to iK institution_ t
8. That in fhe event that at tFe begi~~ing of or at any time pen.~ing any suit upon this Mortgage, or to forettose it, or to refomn ~
! or to enforce payment of any claims hereunder, said MORTG/1GEE sha:l apply to the Cou?f having jurisdiction thereof for the appointme~t
~t a Rece~ver, such Court s!+alt forthwith appoint a Receiver, of said mortgsged property all and si~gular, including all and singular the
:~come, profits, issues and revenues frem whatevc- scurce derived. each a~d every of which, it being expressly understood, is hereby mort-
gaged as if specifically set forth and destribed in the granting and habendum clauses hereof, and such Reteiver shall have all the broad and
ef~ective functions and povvers ~n anywise e~trusted by a Cou~t to a Receiver, and wth sppointment shall be made by wch Court as an
adm~tted e.~uity and a matter of absolute right to said MORTGAGEE, and without refere~ce to the adequacy or insdi.~puaq of the value of the
pr~perty mortgaged or to tha sot.•ency or inso~vency of said MORTGACAR or the defendants, and that such ~ents, profits, incomes, issuea
a~;, re~•enues shall be applied by wch Receive? according to the lien or equity of said MORTGAGEE and the prxtite of such Court.
9. To duty, premptly and fully perform, discharge, execute, effect, cornplete comply with and abide by each and every the stipu-
at;ons, agreements, conditi~ns and covenants in said promissory n~te and in this mortQsQe set forth_
10. That in the event the ownership of the r»ortgaged premises, or sny part thereof, becomes vested in a person other than the
".^ORTGACAR, the (~tORTGAGFE, its successors and assigns, may, witFwut notice to the MORTGAGOR, deal with such sutcessor or wccessors
~nterest w~th reference to this mortgage and the debt herebv secured in the same manner as with Mortgago~ without in a~y way vitiating
,r distharging the Mortgagor's liabiliy hereunder or upon the debt hereby setured. No sate of the premises hereby mortgaged and na fore-
~ c_•ance ort the part of the MORTGAGEE c+• its successors or assigns and no extension of the time for the payme~t of t1+e debt hereby utured
.en bv t!~e 1~~OkiGAGEE er its successors or auigns, sh211 operate to rNease, d+stharge, mai~ty, thange or efiett tne originai iiaoiii"ry vi
+~e h10RTGAGOR herein, either in whole or in part.
• 11. ?t is spec~fically ag.eed that time is of the essence of this contnct and that no rvaiver or any obligation hereunde~ or of the
gation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrume~t seCUred hereby.
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j igned, Sealed and delivered in presence of:
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. . . _ " . ' _ ' ~SC/~U
~
(SEAU
; STATE OF FLORIDA ~
X SS.
~OUNTY OF _
~ Before me personally appea:ed a^~
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- _ _ _ _ _ his wife. ro me well known. and to rt+e to be the individuais described in
~ and who executed the foregoing instru , and ackrwwledged before me that they executed the sa or the purposes therein expressed.
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~ WITNE55 my har~ nd official seal this _ _ day of _ , A D. 19
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;3 ~ C~ 1 f._ ~ r~ Notary Public in and for the State of Flo~ida at lsrge. ~
~ ~ - ~ : " . - ~ r, ~ - ' 7 ~ My tommiuion expires: ~
Y J o _ L_~~j~~l _ CQ W ~
_ a ~ ~ ~~~~soo = ; ~
DUE OM ~ OF TAXQ ~
_ ;z ' - - - t I PI:PSi1ANT~0 'C' INTMIGIBLE PfRSONAI PltOPfRTY, ~
~ s CHAPTER 20124. ACTS OF 19.f1.
,'l ~ 1; V~~ , ~ E~G;R PQITRAS, Clerk Gttuit Court p
~ ~ i Z Q z ~ as A6o,r,t f~~ DANI~L N. KMOW ~
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