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Home My WebLink About0381 ~oi~cy o~ pciic~es said MORTCAGEE stwll have the option to reteive and apply tne sarne un accaunt ot the indebtedness setured nerebv or t^ permit sa~d MORTGACARS to receive and use it or any part thereof for othe? purposes without thereby waiving or impairing any equity, t~en or ~ight undcr or by vi:tue of this Mortgage; and in the event said MORTGAGORS shall fo? a~y reason fail to keep the said premises so insu?ed, or fail to deliver promptly any of said polities of insurar?ce io said MORTG/1GEE, or fail promptly to pay tully any premium therefor~ or in any respect fail to perform, diuharge, exetute, effect, complete, comply with and abide by this covenant, ot anv pa~t hereof, said MORT- ~ACEE may ptace and pay for suth insurante a any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Murtgaga, and the full amou~t of eath and every wth psyment shall be immediately due and payable a~?d shall bea. interest from the date thereof until paid at the rate of 1ntY~Cs~QdQlfr~ pe~ tent per annum and together with wch interest shall b~ secured by tne I~en of this mortgagc. S@VG'll 8DC1 ORE-quarter 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part the~eof. S. It is hereby specifically agreed that any sum or wms which may be loaned or advanced by the Mortgagee to the Mortgagor at any rime after the retording of this indenture, together with interest thereon at the rate agreed upon at the time of such loan or adva~ce, shall be equa~ly securcd with and have the same priority as the original indebtedness. a~d be subjeCt to all the te?ms and p~ovisions of this mortgage: 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 (1509b) of the principal amount origi~ally setured hereby. b. To pay all and singular the tests, cha~ges and expenses, ireluding a reasonable attorney's fee and cosfs of abstratt of title in- curred or paid at any time by sa~d MORTGAGEE because or in the evcnt of the failure on the part of the said MORTGAGOR to duly, prompNy and fully perform, discharge, execute, effect, complete, comply with and sbide by each and every the stipulatioos, agreements, conditions and covenants of said prcmissory note and this m~rtgage any or either, a~d said costs. charges and expenses, each and every, shall be ~mmediately due and payable; whether or not there be ~otite, demand, attempt jp~~gljg Q r;y~ ~f[n~~'~~~1 amount of each and , every such payment shall bear interest from the date thereof until paid at the rate~ ~}f N r annum; and all sai~ costs, charges and expenses so incurred or paid, together with such inferest. shall be secured by the lien of this mortgage_ 7. That la) in the event of any breach of this Mortgage or default on the part of the MORTG/1CAR, or (b) in the event any of said sums of morey herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become dus and payable, without demand er notice, or Ic) in the event each and everv the stinulations, argeements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fu~ly performed, discharged, ezetuted, effected, completed complied with and abidcd by, then in either o? any such event, the said aggregate wm mentioned in said promizsory note then ~emaining unpaid, with interest acc~ued, and all mcneys secured hereby, shall become due and payaSle forthwith, or thereafter, at the optio~ of said MORTGAGEE, as fully and co:npletely as if alt of the said sums of money were originally stipulated to be paid on wch day, anything in said promissory note or in tnis Mortgage to the contrary not withstanding; and thereupon 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 prior to ifs institution. 4. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, or to foretlose it, o? to reform ~ it, or to E farce payment of any claims hereur?der, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Recei. ~r, such Court shall forthwith appoint a Receiver, of said mortgaged property all and singular, including all and singular the income, r. •-iits, issues and reven~es from whatever scurce derived, each and every of which, it being expreuly understood, is hereby mort- gage~! .r specificalty set forth and described in the granting and habendum clauses he~eof, and wch Receiver shall have all the broad ar~d eff~:irve functions and powers in anywise e~trusted by a Court to a Reteiver. a~d such appointment shall be made by such Court as an admitted equity ar?d a matter of absolute right to said MURTGAGEE, and without reference to the adequaq o~ inadequaq of tF+e value of the property mortgaged or to the solve~cy or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, incanes, issuea and revenues shall be aRplied by wch Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. To duly, promptly and futly perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- latio~s, agreements, tonditions and covenants in said promissory note and in this mortgage set forth. 10. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and auigru, may, witFwut notice to the MCQTGAGOR, deal with such successor or wccessoa in interest with reference to this mortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiati~g or discharging the Mortgagor's liability hereunder or upon !he debt hereby setured. No sale of the premises hereby rtwrtgaged and no fore- bearance on the part of the MORTGAGEE c+r its successors or assigns and no extensio~ of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release. discharge, modify. change or effect the original liability of the t~10RTGAGOR herein, either in whole or in part. 11_ It is spetifically agreed that time is of the essente of this Contnct and that ~o waiver or any ot~ligation hereunder or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the insirument secured heteby. ° ~ ' ned, Sealed and delivered in presence of: E / ~ _ _ - - - - _ --~EAU ~ ~ - _ - - - - - ~ ~ _ . - - - . (SEAU ~ STATE OF FIORIDA ~ ~ ~ - SS. ~ ; ~ COUNTY OF _ - ~ ~ . ; ; ~ Before me personally appeared _ - - - - - - - - - - - and i - - his wife, to me vrell known. and to me to be tF+e individuak described in j and who exetuted the foregoing instrumertf ~and acknowledged before me that they executed the for the purposes therein expressed. ~ i J WITNE55 my har~d-sn~d official seal this - - - - - - daY of--- - . - . A. D. 19- • ~ Notary Public in a~d for the State of Florida at Large. ~ ~T µ ' ~ ~ A ~ a ~ ~ ~ I ~ ~o} 4 . ~ ~ ~ ~ Z w - w ~ ~ , ~ ' ZaZ ~ S'TA`T~~~N=LORIUA ~ e ~ ~ A , v~ V~ D(JCUMENTApMw STAMP TAX ~ 0 ~ ' 1~'~ Q ~ ~ ~j ' _ JUl l l'72 J ~ q ~ _ ~i dp a ~ ~ ; > O Z = Z - ° - a { ; "W ~ ~ _ ISOO= W ° - - ~ a? ~ ocrt.at ccrc~ s Z z ~ i o 1 a z z ~ P.B.~,o~~: = m ~ ~ ; H ti.~oQ x ~oe , ~~z ~ x ~ ~ ~ ~ ; A ~ w Heaa ;~I I ~ a ~ A d ~ W ` ~ ~ i~; ~ ; ~ I ~ O 6 ~K ~O4 pA~E J~1 ; ~ ~ , ~ ~ ~ s ~ _ : _ . . : _ _ - = -