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Home My WebLink About0935 Ai,st~u~Y & Title Corp. of Florrda poiicy or pol~cies s~id MORTGAGEE st~all have the option to receive and apply tne sarne un acceunt of the indebtedness secured nerebv or t^ perm~t sa~d MORTGA~O~~ to ~ecerve and uze it or any pa~t thereof for other purposes without thereby warv~r+g or impa~nng any epuity, I~en or riRht under or by virtue ot this Mo~tgage; and in the event said MORTGAGORS shall fo• any reason fail to keep the said premises so insured, or fail to deli~er p~omptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay lully any premium therefor, or in any respect fail to perform, discharge, exetute, effetf, tomplete, comply with and abide by this cove~ant, or anv part hereof, said MORT• GAGEE may p~ace and pay ior such insurance or any pa~t thereof without waiving w affetting any option, lien, eQuity, or right under or by virtue of th~s Murtgage, and the full amount of each and every wch payment shall be immediately due and payable and shall bea? interest from the date thereof until paid at the rate of YuK3fa~ix")Ci -}i~]R?[s~C~e~ cent per annum and togethe~ with such interest shall be secured by ti+e I~en of th~s mortgage. SGVEYl and one-quarter 4. To permit, commit or suffer no waste, impairment or deterioration of said property o~ any part thereof. 5. It is hereby specifically agreed that any sum o? sums which may be loa~ed o? advanced by the Mortgagee to the Mortgagor at any time after the recording of this indenture, together with interest tfiereon at the rate agreed upon at the time of wch loan or advance, shall be equa~ly setured with and have the samc prionty as the origina) indettedness, and be subjett to all the terms and provisions of this mortgage: Provided, that t!.e aggregate amount of principai outstanding at any time shall not exceed an amount equal to one hundred and fi(ty per cent (15096) of the principal amount originally Secuted hereby. 6. To pay all and singular the cests, charges and expenses, ircluding a reasonable attomey's fee and costs of abstract of title in- currcd or paid at ::ny time by ia~d h1pRTGAGEE bccause or in the evc~t of the failure on the part of the said MORTGAGOR to duly, promptly and fully perf^rm, d~schar~e, execute, effect, complete, comply with and sbide by each and every the stipulations, agreements, conditio~s and c~venants of said promis:ory note and this mortgage any or either, and said to~~7{~ es e ~~~e very, shall be immediatety due and payabte; ~vhether or not there be notice, demand, attempt to cbifLk~ 2l~Sui~'~~in~~~~~T'ul1 ~r3Selint of each and every such payment shall bear interest from the date thereof until paid at the rate of1{'3i CNr~3~~eK1~6sKper tentum per annum; and all said costs, charges and expenses so incurrrd or paid, togetner with suth interest, shall be seCUred by the lien of this mortgage. 7_ That tal in the event of any breach of this Mortgage or default on the part of the MORTGACAR, or (b) in the event any of said sums of money herein referred t~ be not promptly a~d fully paid within thirty (301 days next after tiie same severally become due a~d payabSe. without demand er notice, or (c) ~n the event each and everv the stioulations, argeements, conditions a~d covenants of said promissory rwle and this mortgage any or either are not duly, promptly and fully performed, diuharged, executed, effetted, completed complied with and abidcd by, then in eithe~ or any s~i~ti event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured he~eby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary not withstanding; and thereup~n or thereafter at the option of said MORTGAGEE, without notice or demand, s~~t at law or in equity, may be prosecuted as if all monies secured hereby had matured prior to its institution. R. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, or to foretlose it, or to reform it, or to t force payment of any claims hereunder, said MORTGAGEE SF~11 apply to the Court having jurisdiction thereof for the appointment of a Retei~ ~r, such Court sha11 forthwith appoint a Receiver, of said mortgaged property all and singular, intiuding all and singular the income, r. rits, issues and revenues from whatever source derived, eath and every of whith~ it being expressly understood, is hereby mwt- gage~! .r specifically sei forth and described in the granting and habendum clauses hereof, a~d such Reteiver shal) have all the broad and Effo_nve funttions and powers in anywise entrusted by a Court to a Receiver, and suth appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without referente to the adequaq or inadequaty of the value of the property morigaged or to the solvency or insolvenq of said MORTGAGOR or the defendants, artd that such rents, profits, incomes, issuea and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. To duly, promptly and fully perform, discl+arge, execute, effect, complete comply with and abide bv each and every the stipu- iations, agreements, conditions 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, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such successor or successors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby setured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE o• its successors or assig~s and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, distharge, modify, change or effect the original liability of the 1~10RTGACAR herein, either in whole or in part. 1 l. It is specifically agreed that time is of the essenCe of this contratt and that no waiver or any obligation hereunder or of the obligation secured hereby shal! at any time thereafter be held to be s waiver of the terms hereof or of the instrument setured hereby. Signed, Sealed and delivered in presente of: ~ ~ I i _ _ ISEAU { - - - - ~ - - - - - - ~ _ ~ ISEAU STATE OF FLORIDA ( ~ COUNTY OF - _ - - SS. ' - - - - _ and Before me personally appeared - - - - - - - _ _ his wife, to me welt known, and to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the `saew~_for the purposes therein expressed. ~ WITNESS my hand and offitial seal this _ - . - _ day of--_ - ` . A D. 19 - - - _ - - - . - Notary Public in and for the State of Florida at large. _ _ M~miccip~l EXRjjES:_. _ _ - - W A . a . . STA~~oF ~~..O~iDA - d W ~ z OOCUMEM~ s_..~ tANiP t ~i Y ~ w ~ ~ o ~ ~ °p OE~t. OF REYEMt1E ~ ' • ~ _ - ~ 0 ~ ^ , _ ~ A ~ o ` _ ::i ~t ~S ~Zaz ° _ ~r7 751 A ~ > ~ o z . ~ o = n~or ~ ~ ~ ' ` !'"~1 Q r, ~ ~ v~ a W ~ ~~a> ~ . . H~,~ G~ ~ ~ i ~ `azz ~ ~ ~ H LL. ~oo ~ .o e ~ ~ V x~~ ~ ' ~ A z i ~ t,,,~ Z o w d ~ o E~ : Q A w m ; ~ . ~ ; ~ " ~ ~ O ~ x , ; . EoRK 20~ ~a~~ ~33 - A ~ . , ~ f . 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