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Home My WebLink About1414 ~ucy o~ p:.~~c~es s~id MORTGAGEE shall have the ophon to reCeive and apply tne sarne un account of the irxYabtedness secureA hC~ebv o~ H+ perm~t w~d l~iJRTGA:AS~ ro r~~ca~~e and use it or any part fhereof fw other purposes wittkwt thereby wa~~fnQ or ~mpa~nng any equity. i~en or nR~r u~d~r cr bY vr.~ue of th~z Mortgage; and i~ the event said MORTGAGORS shall fo. any ~easo~ fail to keep the sald premiscs se ~nsurecf, or ta~t to deii~e. promptly any of sa~d poliues of inwrance to said MORTGAGEE, w fail Dromp~ly to pay fully any premium therefor, or ~n any resp~~ct fait to pe~fo.m, d~stharge, exeCUte, effetf, complets, tomply with and abide by this tovenant, or anv pa~t hereof, said MORT- GAGEE ni~y place and pav for wch insurar?ce ot any part the~eof without waiving w sffecting a~y option, lien, eGuity, or right under or by v~~tue of th~s tit~rtgage, and the full amount of each and every suth psyment shall be immediately due and payable and shall bear interest from the date ther~•of unril paid at the rate of ~QQ¢}Q~(1~ pe~ cent pe~ amum and together with uxh interest shaN be secured by tne °''h;s m°~'sage. seven and one-quarter 4. To permit, comm~t o~ suffer no waste, impairme~t or detenaation of said property or any part thereof, S. It is hereby speciiically ag~eed that any wm or sums whith may be loaned or advar.ced by the hlortgagee to the ~to~tgagor at any time after the retording of this indenture, together with interest thereon at the rate agrted upon at the time of suth loan or advance, shall be equa~ly sxured with and Fu~e rhe sar*+e priority as the original indeCtedness, ar.d be subject to all the terms and provis~ons of this mortgage: Provided, th~t t~ aggregate amaunt of pr~nupal outstanding at a~y time shall not exceed an amax~t equal to one hundred and fifty per cent i1509b) of the pnrttipal amount originaliy setured hereby. 6. To pay aI1 and s~ngular the cests, charges and expenses, ir~luding a reasonable attorney's fee and costs of abstract of title ir,- cur.cd or paid at ~ny t~me by ~~d V"~RTGAGEE because or in rhe evc~t of the failure an the pa~t of tF+e said MORTGAGOR to duly, promptlV and fully pe~f-,rm, d~schar~e, ececute, effect, complete, co*nD~Y w~th and sbide by each and every the stipulations, agreements, conditio~s and covenants of sa~d prem~ssory note and this mortgage any or eit' er, snd said cea4~~r~di1~~le~~Mf~4~nd every. shall be ~mmediately due and payable; whether or not there be notice, dertwnd. attempt to amount of each and eve~y such payment shall bear interest from the date thereof until paid at the nte of YiXY~~ per centum per annum; and all said ; costs, tharges and eKpenses so incurred or paid, together w~th wch ~nterest, shall be seCUred by the lien of this morigage. ~ 7. TF•at la) in the event of any breath of this Matgage or default o~ the part of the MORTGACAR, or (b) in the event any of said ~ sums of money herein reFe~red t~ be r+ot promptly and fully paid within thirty l30) days next after the same severally betome due and payable. ~ .+•~thout demand cr notice, or (c~ in the event eacl+ and everv the srioulations, argeert+ents, Conditions and covenants of said promisscry note and this mortgagc any or either are not duly, prompt~y and fully perforrt?ed, distharged, executed, effetted, completed complied with and ~ abided by, then in either or any s.~c~+ event, the said aggregate wm mentioned i~ Said promissory note then remaining unpaid, with intereit acc~ued, and aIt moneys secured hereby, shall become due and payabte forthwith, or thereaher, at the option of said MORTG/1GEE, as fully and completely as if all of rhe said sums of money were originally stipulated to be paid on wch day, anything in said promiuory note or i~ ~ this Mortgage to the contrary not withstanding; and thereup.,-~n or thereafter at the option of said MORTGAGEE, without nolice or demand, suit at law or in equity, may be prosccuted as if alt monies secured hereby had rtutured prio? to ifs institution. 8. That in the event that at the beginning of or at any time pending any wit upot~ this Mortgage, or to foretlose it, or to teform j ~t, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having jurisdiction thereof for the sppointment of a Receiver, such Court shatl forthwith appoint a Receiver, of said mortgaged property all and singular, irxluding all and singular the irtcome, profits, issues and revenues frem whatevcr source de.ived, each snd every of which, it being e~cpressly understood, is hereby mOrt- &aged as if spetifically set forth and dexribed in the granting and habendum clausts hereof, and wth Reteiver shall have all the broad and eiiecti.e funct~ons and powers in anywise entrusted by a Court to a l2Keiver, and wth appo~ntment shall be made by suth Cou?t as an a.imifted equity and a matter of absotute righ~ to said f~tORTGAGEE, and without reference to ihe adequacy or inadeQuar,• of the value of tM p;operty mortgaged or ro the solvency o. ~ns~{vency of said MORTGAGOR or the defendants, and that such rents, profits, incon?es, issuea and re.enues shall be appl~ed by such Rece~ve. accord~ng to the Iien or epuity of said MORTGAGEE and the prxtice of such Court. 9. To duly, promptly an~+ fu!ly perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- :ations, agreements, conditions and covenants in said promis5ory note and in this rt!ortgage set forth. t Q. Thar in the event the ownership of the mortgaged prem+ses, w any part thereof, becomes vested in a person other tF?an tF+e ~+ORTGAGOR, che MORTGAGE~, its successors ~nd auig~s may, ,~,?~thout notice to tF?g MORTGAGOR, deat with such successor or successon ~r ~nterest with reterence to this mortgage and-flwi'~b! hheby Setured ~'f the same manner as with Mortgagor without in any way vitiatinQ ~r d~scharging the Mortgagor's liabiliy hereurKi~?.~•~p4f~~e~/ itCU?ed•' No sale of the premises hereby rrwrtgaged and no fore- ~:ance o~ the part ~f the MORTGAGEE it; ~~~~f tM time for the payment of the debt htreby setured 3;..r~ bv ~`~e A40RTCAGEE or its successors or i i' tl t rp,, ,lr?odify, change or effeCt the original liability of z?,e A'ORTGACAR herein, either in wFx~le or iA rt: ~ ! i t. It is specificatly agreed that time is of the esser+te of this contntt and that ~o waiver or any obligatio~ hereunder or of the ' ~b:~gation secured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument secured heroby. ~ ~ Signed. Sealed and delivered in presence of: ~ ~ (SEAU i tSE/1U STATE OF FLORIDA ~ SS. COUNTY OF _ . _ ~ Before me perwnally appeared - - - - - - - - _ . _ . - - - - - arxi - his virife. ro me well krwwn. known w me to be the individuals described in and who exetuted the fwego~ng inst t, and xknowledged before me that they execut same for the purposes therei~ expressecl. WITNESS my and official seal this - - - day of - A D. i9 ~ - - - - - - - - ~ ~ Notary Publit in and for the State of Floreda at lsrQ . ~ _ / My commission expires: ~ ~ ` i a , ~ f . OG ~ ~ ~ ~ ~ v~ z ? 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