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Home My WebLink About2702 ~,oucy o. poiicies sa~d MORTCAGEE shall have tF+e option m receive and apply tne ume un acccunt ot the indebtedness secured r+crebv or perm~t sa~d 1~1JRTGA~nS to ~cce~ve and use it or any part thereof for other purposes without the~eby waiving or impairing any equity, lien or right undcr cr by virtue of this Mortgage; and in the event said MORTGACORS shall fo. any reason fail to keep the said premizes so ~~sured, or fail to de~iver p~omptly any of said polities of insura~ce to said MORTGAGEE, or fail promptly to pay fully any premium theretor, or in any respett fail to perform, diuharge, exetute, effect, complate, tomply with a~d abide by this coverwnf, or anv part he~eof, said MORT• GAGEE may p~ace and pay for wch insurante or any part thereof without waiving or affecting any option, lien, equity, or right under or by v~~tue of this Mortgage, and the full amount of each and every.suth aymer?t shall be immed~ately due and payabte and shall bea. interest from the date thereof until paid at the rate of ~~~~~tj¢~e?~ent per annum and together with such interest shall be secured by tne Gen of this mortgage. seven and o~e-half d. To permit, commit or wffer no waste, impairment or terioration of said property or any part the?eof. S. It is hereby speciiically agreed that any sum or wms whith may be loaned or advanced by the Mortgagee to the Mortgagor at any t~me after the recording of this indentu~e, together with interest thereon at the rate agreed upon at tF+e time of wch loan o~ advance, shall be equa~ly secured with and have the same priority as the original indettedness, and be wbjett to all the terms and provisio~s of this mortg~ge: Provided, th~t the aggregate amount of principal outstanding at any time shall not exceed an amount equal to one hundred and fifty per cent (15096) of the prirttipal amount originally setured hereby. 6. To pay all and singular the cests, charges and expe~ses, ineluding s reasonable attorney's fee and costs of abst?act of title i~- cuned or paid at :,nv time by sa~d MORTvAGEE because or in the eve~t of the failu?e on the part of the said MORTGAGOR to duty, promptly and fulty perf~rm, d~scharge, execute, elfect, complete, compty with and abide by eath and every the stipulations, agreements, conditions and covenants of said prom~;sory note and this mortgage any or either. and said costs thar es an ex nses eac,h~ and eve?y, shall be ~mmediately due and payable; whether or not there be ~otice, demand, attempt to t~I~eY~ui~dir~}1~d~luU amount of each and every such payme~t shall bear interest from the date thereof until paid at the rate of '~(i 7p~Q}~pR~4~9Cper centum per annum; and all said costs, charges and expe~ses so ~ncurred or paid, together with suth ~nterest, shall be setured by the lie~ of this mortgage. 7. TF.at la) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, o~ (b) in the event any of said sums of money herein reterred to be not promptly an~ fu11y paid within thirty (30) days next afte? the same severally become due and payable, without demand er notice, or (c) ~n the event each and everv the stioulations, argeements, to~ditions and tovenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, exetuted, effected, completed complied with and atided by, then in either or a~y such event, the said aggregate wm mentio~ed in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTG/1GEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on wch day, anything in said promissory note or in this Mortgage to the contrary not withstanding; and thereupx? or thereafter at the option of said MORTGAGEE, without notice or demand, s.~it at law or in equity, may be prosecuted as if all monies secured hereby had matured prio? to its institution. 4. That in the event that at the begin~ing of or at any time pending any wit upon this Mortgage, w to foreclose it, or to refornn it, or to t force payment of any claims hereunder, said MORTGAGEE shall apply to the Court havi~g jurisdiction thereof for the appointment of a Recei~ ~r, wch Court shatl forthwith appoi~t a Receiver~ of said mortgaged property all and singula?, including all and singular the income, c~rits, iswes and reve~~es from whatevrr source derived, each and every of whith, it being expressly understood, is hereby mo~t- gage~! .r specifically set forth and described in the granting and habendum clauses hereof, and wth Reteiver shall have all the broad and . effo_~~ve functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by wch Court as an admitted equity and a matter of absolute right ro said MORTGAGEE, and without reference.to the adequaq or inadequacy of the value of the property mortgaged or to the wlventy or insolvency of said MORTG/1GOR or the defendants, and that such renK, profits, intomes, iswea and revenues shall be applied by such Receiver atcording to the lien or equiry of said MORTGAGEE 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- lations, agreements, tonditions and cwena~ts in said promissory note and in this matQage set forth. ~ 10. That in the event the ownership of the mortgaged premises, or any pa?t thereof, becomes vested in a person other than the tv10RTGAGOR, the MORTGAGEE, its successors and assigns, may, without notite to the MORTGAGOR, deal with such wtcessor or suttessors _ in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating ~r diuharging the MatQagor's liabiliy hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- bea~ance on the part of the MORTGAGEE e+r its succeswrs or assigns and no extension of the time for the payment of the debt hereby secured g~.~en by the MORTGAGEE or its successors or auigns, shall operate to release, distharge, rradify, change or effett the original liability of the titORTGAGOR herein, eiN~er in whole or in part. . ' 1 l. It is spetifically ag~eed thdt--tim~ is of the essenoe of this tontnct and that no waiver or. any obligation hereu~der or of the obligatior~ secured hereby ~hall at any tirne thereaher be held to be a waiver of the terms hereof or of the instrument setured hereby. Signed, Sealed and delivered in presente of: ' i ~ (SEP?U ~ ~ - - - - - - ! ~ - - - - - - - - - - - - - (SEAU STATE OF FLORID/1 ~ ~ , COUNTY OF - - - - 55_ l Before me personally appeared - - - - - - - - - - - - - - - - and - - - . his wife, to me well known. and to me to be the individuals dexribed in and who executed the foregoing ir?s~~nd atkrawledged before me that they executed the for the purposes therein expressed. WITNESS my Fyrd"and official seal this - - - - dsy of - - A D. 19 _ . - ~ - - . _ - - ~ Notary Pub~ic in and for the State of F{orida at Large. 1u~Y rtinmicci0ll ~cRifeS• ^ A ; ~ ~ ~ ~ ~ ~ w ~ : - ~n z , w w ~ o ~ . , v~tIUA ' V ; t- L ; Zt.~„~'„ , w} S~!\~C ~ ~ ~jr~;~P T!•X ~ C A Q z t~ ~ nC`CUN~`l ~A~ ~ Q , ~ ! ~ o o Z ~ ~ ~ _ ,x~3 ~72 _ ~ ~ ~ ~ ~ ~a/~y ~ = ~3~50_ ~~g 4 ~Tl r, ~ ~r . ~ M~~ , Q ~ ~ FE7T.Lf ~i:EP u•~~ ?iM ~ ~1 ~ ~ ~ ~ p~3,~90::2 - ,k•, Z ~ ~ O azz ujav ~ [..1 ~/QQ ~ ,J •Q ~ A-'Z ~ 31 , ~ ~ ao ~ ` ~ q W ~ ~ ~ I ~ _ C~ ; ~ x ' w ~x F a O . 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