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Home My WebLink About1411 ~ucy or poi~c~es sa~d MORTGAGEE sFwll have the optio~ to receive and apply tne sarne un acccunt ot the indebtedness secured r+crebv o~ r^ permit s,~~~f hIJRTGAGOnS to receive and use it or any part thereof for other purposes without thereby wa~v~ng or impauing any equity, I~en or right under ar by virfue of this Mortgaqe; and i~ the event Said MORT(',/1CAR5 shall fo? any reason fail to keep the said premises se insured, or fa~l to deliver promptly any of said poliCies of insura?Ke fo said MORTGAGEE, or fail promptly to pay fully any p~emium thcrefor, or in any respect fail to perform, d~stharge, exeCUte, effett, tomplete, tomply with and abide by this covena~t, or anv part hereof, said MORT- GAGEE may place and pay ior such insuronce or any part thereof without waiving w atfecting any option, lien, eGuity, or ~ight under or by virtue of this Mortgage, and the full amaunt o gv uch payment shall be immediately due and payable ar+d shall bear interest f~om the date thereof until paid at the rate of ~~~i~~~k~kit~ per tent per annum and togethe? with such interest shall be secured by tne I~c~ of this mo~tgage. SeVell aIK~ OIl@-quarter 4. To permit, commit or suffer no waste, impairment or dete?ioration of said property w any part thereof. 5. It is hereby spetifically agreed tlwt any sum or sums which may be loaned or advanced by the Mortgagee to the Mortgagor at any time after the recording of this indenture, together with interest thereon at the rate agreed upon at the time of wch loan or advan~e, shall be eQua~ly setured w~th and have the samc priority as the original indettedness, and be subjetf to all the terms and provisions of this mortgage: P.ovided, tFut the aggregate amount of printipal outstanding at any time shall ~ot exteed an amount eQual to one hundred and fifty per cent (1509i6) of the printipal amount orig~nally setured he~eby. b. To pay all and s~ngular the ccsts, cl,arges and expenses, ir~luding a?easonable attorney's fee and costs of abstract of title in- curred or paid at :,ny time by sa~d MORTGAGEE betause or in the evcnt of the failure on the part of the said MORTGAGOR to duly, promptly and fully perfnrm, d~scharbe, execute, effect, complele, comply with and abide by eath a~d every the stipulations, agreements, condit~ons and covenaMs of said prom~ssory note and this mortgage any or eit~er, and said costs, tharges d ezpenses, each and every, shall be immediately due and payabte; whether or not there be notice, demand, sttempt to ~QiT fi1IIC~e4~1~: ~tlaF~~t'amount of each and every such payment shall bear intcrest from the date thereof until paid at the rate ofYD(Y~i~S1faQYd~E per tentum per annum• ar?d all said costs, charges and expenses so ~ncurred or paid, together with such ~nterest, shall be secured by the lien of this morfgage. 7. -Tnat (a) in the event of any breach of this Mortgage or default on the part of the MORTG/1GOR, or (b) in the eve~t any of said sums of money hcrein re(erred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand er notice, o. (c~ in the event each and everv the stioulations, argeements, conditions and tovenants of said promis»ry note ar.d this mortgage any or c~ther are noi duly, prompNy and fully performed, diStharged, exetuted, effetted, tompleted car?plied with and abided by, then in either o. any such eve~t, the said aggregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable fo-thwith, or thereafter, st the optio~ of said MORTGAGEE, as fully and complete~y as if all of the said sums of money were originally stipulated to be paid a~ wth day, anything in said promissory ~ote or in this Mortgage to the contrary not withstanding; and thereup~n or thereafter at the option of said MORTGAGEE, without notice or demand, wit at law or in eQuiry, may be prosccuted as if all rtwnies setured hereby had matured priw to ifs irutitution. 8. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, o? to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE sha71 apply to the Court having jurisdiction tF+ereof fo~ the sppointment of a Receiver, such Court shall forthwith appoint a Receiver, of said mortgaged property sll and singular, including all and singular the income, profits, issu2s and revenues from wF.atevcr source derived, eath and every of which, it being expressly understood, is Hereby mort- gaged as if specifically set forth and deuribed in the granting and habendum tlauses hereof, and wch Receiver shall have all tFx broad and etfective functions and pow~ers in anywise entrusted by a Court to a Receiver, and wth appointment shal) be made by such Court as an admitted eauity and a rr~tter of absolute right to said MORTGAGEE, and without referenCe to the adequaty or inadequaty of the value Of the property mortgaged or to the wlvenq or insotvenq of said MORTGACAR w the defendants, and that suth rents, profits, incomes, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTG.AGEE and the practice of such Court. 9_ To duly, promptly and fully perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- fations, agreements, mnditions and covenants in said promissory note and in this mortga~e set forth_ 10. That in the evcnt the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successers ar?d assigns, may, without notice to the MORT~GACAR, deal with such successor or wccessors in interest with retere~ce to this mortgage and the debt_ F~erehy. s~cu(gd in the sa~ne Ryanner as with Mortgagor w~tFiout in any way vitiating ~ or dixharging the Mortgagor's liability hereunder or upoA 'fh! debt her~by seCU~ed. No sale of the premises hereby mortgaged and no fore- ~ bearance on the part of the MORTGAGEE n. its wcCessdlYlX at~A~illdnd2~ts~eioe of ihe time for fhe payment of the debt hereby setured g~ven by the A~10RTGAGEE or its successors or assigns, ~e~twYr/si/~ss,, distFlarge, rnodify, change or effect the original liability of the ti10RTGAGOR herein, either in whole or in part. . • t . , ~ :-t t' ~A~s . t 11. It is specifically agreed that time is of the essence of this eont?att and that no waiver or any obligation hereurxler w of tFw obligation setured hereby shall at a~y time thereafter be held to be a waiver of the terms hereof or of the instrument secured hereby. It~! WITNFSS -WFiFREAF: the- said~ AiIARrT~',/1C'~AR-~ss--i~s~r~w se+-~is-ba~wL awd.sea~-N~+e-~ay- Signed, Sealed and delivered in presence of: I ' I I ~ - _ - - - - (SEAU - - - - - - ISEAU STATE OF FLORIDA ~ ss. COUNTY OF _ _ _ . Before me persorwlly appeared ~^d - - _ his wiEe. to mt well known. a wn to me to be the individuals described in and who executed tF?e foregoing instru , and acknowledged befwe me that they executed t me for the purposes therein ezpressed. WITNESS my ha nd official seal this day of.--- - A D. 19_=- - - Notary Public in and for the State of Florida at Lsrge. M commission e 'res• W ~ -A , ? 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