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Home My WebLink About1995 poiicy w poiicies said MORTCAGEE shall hsve the option to rsceive and sppty tne sams cx~ account ot the ~ndlbtednESS SCCUrld 1k?Ebv Of permit said MORTG/?GORS to retaive and use it or any part thereof for otF+e~ purposes without thereby waivin~ a impairin~ any equity. lien o? ritht u~der a by virtue ot this MortgsQe; and in tM evenf ssid MORTGNGORS sh~ll fo• any reason fail to keep the said premiscs so lnwred, or faii to deliver promptiy any oi said poilties of insuranct to said MORTGJIGEE, or fail promptly to pay fully any prcmium therefa, or in sny respect fsil to perform, diuharge~ exetute, effect, canplete, tomply with and abide by this covenar~t, or snv W?~ ~reof, said MORT G/1GEE may placs and pay for u,ch inwrance or any put the~eof withouf waiving or afkcting any option, lien, epuity. a right under o? by virtue of this Mort~age. and the full amou~t of each snd ewi~ such psyme~t shsll be irrunediately dus snd payabte and shall bear interost from ths date thereof until paid at the rate of i[~CYa~Eaf7fibiE~Y Pe? ce~t per amum s~d to~ether with such interest snaii oe aC•:~rrd bY tM of th~: ~g~~. eight 4. To pe?mit, commit o? wffer no waste, impsi~ment or deteriwation of said property w any part tF+ereof. S. It is hereby spetifitally agreed thaf any wm or wms whith may be losned w advu?ced by the Mortgagee to the Mortgago~ at sny time aher the rotording of thls inde~ture, together with Interest thereon at the nte agreed upon at the time of such ban w advance, shall be equally secured with and have the same priaity as the original indebtedness, snd be wbject to all the temns ar+d prwisio~s of this mortgage: Provided, that the aggregate amount of principal outstanding at any time shsll not exceed sn amount eqwF to one hundred and fifty per cent (150~i) of the printipai amount originaily sctu~d hereby. 6. To pay all and singutar the costs, charges and expenses; intiudin` a reasonabk at~~~y s fee and coats of abstract of title in- ea curred or paid at any time by said MORTCAGEE bewuse or in the evrnt of the failure w? the part of tF+e said MORTGAGOR to dulY. P?on+P1~Y and fully perform. discharge, execute, effect, comptete, comply with and abide cy each and a: rL• th~e stipulations, agreements~ conditions and tovenants of said promissory note and this mo~tgage any or either. and ssid cosfs. c162~1W+o expenses, eath and every. shall be iminediately due and payable; whether or ~ot there be notice, dema~d. attempt to tollett or it in~; aod the full amount of eath and every suth payment shall bea? i~terest from the date thereof until paid at the rate of ~ centum per snnum; and all said costs, chuges and expenses so incurred or paid, together with such ~nterest. shall be setured by ti~e iien of this mortQage. 7. That (a) in the event of any breach of this Mortgage w default on the part of the MORTG/1GOR, or (b) in ths event any of said s~uns of nwr~ey herein refer~ed ta be not promptly and fully paid within thirty (30) days next after the same severaly become due and payable, without demand or notice, or (c) in the event each and everv tF+e stieulations, a?geements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and iully performed, discharged, executed, effected, compkted complied with and abided by. tF+en in either or any such event, the said aggrogate wm mentio~ed in said promissory note then remaining unpaid, with interost acuued. and sll mo~eys secured hereby. shall becane due and payable fwthwith, or thereafter, at the option of said MORTG/?GEE. ss fully sr+d tompletely ss if all of the said sums of ma~ey were originally stipulated to be paid on such day. anything in said promissory ~t8 ~ tn this Mort~age to the contrary not withstanding; and thereupon or theresfte~ at the option of said MORTGAGEE, without notite or demand, wit at law or in equify. may be prosecuted as if all mo~ies setured F~aby h~d matured prior to its institution. 8. That In the event that at the beginning of or at sny time pending any wit upon this Mortgage. or to forecloss it. or to rciomn it. o? to enforce payment of sny claims hereunder. said MORTG/1GEE shall spply to the Court F+aving jurisdiction the?eof for the spPolntnxr+t of a R~ceiver. such Court sF+alt forthwith appoint a Receiver. of said mortQaged property sll snd singulsr. including all and singular the ` income. proHts. issues and revenues from whatever source derived. each snd every of which. it being expressly w~derstood. iz hereby mort- , s~ge~ ss if s~ci~lly set forth and described in the granting and habend~rn tbuses hercof. and suth Receiver shsll have sll tM broad and ' effecHve functions and powea in anywise entnnted by a Court to a Receiver. snd wth sppointment shall be nnde by wch Court as an admitted e~uity and s matter of absolute right to said MORTG/1GEE, a~d without roference to the sdequacy or inadequae/ of the value of tM property mortgaged or w the wlvency or insolvency of said MORTGAGOR o? the defendanfs. and that such rents, profits. incomes. Iswes and reverxies shill be applied by such Receiver according w the lien or equity of said MORTCJ~GEE and the prattice of such Court. 9. To duly promptly and fully perform, discharge. execute, effect. oon+plete canply with and abide by each and every the stipu- lations. agreemenK. conditions and tovenants in said promiuory note and in this rrwrtQa~e set iorth. 10. That in the event the awnership of the mortgaged prcn+ises. or sny part thereof, becomes vested in s perso~+ other than tF+e MORTGAGOR, the MORTGNGEE, its wccessors and assigns. may. without ~otice io the MORTGAGOR, deal with wch wocesso. or uiocassoa in interest wit,h referente to this mortgage and the debt hereby secu?ed in the ssme manne~ st with Mortgagar without in any way vitiatin~ or discharQing the Mortgagor's lisbility hereunde~ o? upon the debt heraby secured No sale of the premises hereby rnortgaged and no fore- bearance on the part of the MORTGAGEE c+r its successors or assi~rru snd no extensian of the time for the payment of the debt hereby seaxed given by the MORTG/1GEE or its successors or assigrn. shall operste to relesse. discharge. modity. change or effett the originsl liability of the MORTG/1GOR herein. either in whole or in pa?t. 11. It is specifically agreed that time is of the essenoe of this oontnct snd that no waiver or any obligation hereunder or of ths obliQation secured hereby shall at any time thereaher be held to bs a waiver of the terms hereof or of the instrument seturcd hereby. Si~ned. Sealed ard delivered in presence of: j ~i ~ t - - - - - (SE/1U ' i - - - - - (SEAU } - - - - - - - - - - STATE OF FLORID/1 ~ SS. COUMY OF--------------------- - - -J Be(ore me persa~al~Y ~PP~a?ed - - snd his wife. to me well . nd known b me b be the individuals described in and who exetuted the foregang inst , and acknowledged before me that they execu the same fo? the purposes therein expreued. WITNESS my ha official seal this - day of---- - - , It O. 19---- - - - Notary Public in and for the Shte of Florida at My commission expires: ~ A , a ~ W ~o ~ w z Q z ~ Q ~ A j o v z ~ a =a»~ o m~ oa w . ~ ~ ~ = aa: E? p~oo V ~O e~ - p'' z ai ~ ~ ~ e ~ $ ~ ~ ° q ~ a H ~ ~ ~ , ~ ~ . ~ ~ ~ , 600K~~~ PACE19~ ~ . . ' u~