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Home My WebLink About1343 . i ; ~ policy or policies said MORTG/1GEE sFwll have the option to reteive and sppry tne sams un account ot ths indebtedneas setured herobv or M permit said MORTGAGORS to rece~ve and use it o~ any part thereof fa other purposes wifhout thereby waivinQ or impai~inQ aoy equity. ~ lie~ w ~ight under or by virtue of this Mortgage; E~+d in fhe event said MORTC/1GORS shall fo• any reason fail to kcep the ssid premises so irtwred, w fail to deliver prompNy any of said polities of inwrante to said MORTGAGEE, or fail prompNy w pay fully any premfum therefor, ~ or i~ any respect fail to perfo~m, distha~ge. exetute, effett, complete, tomply with and abide by this tovenant, a anv part he~eof~ said MORT GAGEE may plate a~d pay fw such inwnnce a any part fhereof without waivinQ or sffettin~ any option, lien, equity, o? right undtr or by Q~ virtue of this Mortgage, and the full amount of each and every suth payment shsll be immediately due s~d psyabla and shall bea~ interest from the date thereof until paid at the ~ate o per ter?t per annum a~ together with wth interest shall be secured by the - tien of this mortgage. seven and one-half ' I. 1'o permlt. tommit or suffer ~o wsste. impairme~?t o? deterioration of said pwperty or sny part -thereof. ~ 7 ~ . 5. It is hereby specifically agreed that any wm or wms which m~y be losned or sdvanted by the Mortgagee to the Mortgagw at any time after the retordi~g of this indenture, together with interest thereon at the rete agreed upon at the time of such Iwr~ ar sdvante, shall be ; ' equally secured with and have Ihe same priority as the original indebledness. and be wbjett to al: the terms and provisions of this mortgage: ~ ~ Provided, that the aggregate amount of principal outstanding st sny tlme shall not exceed sn ama~nt eqw) b one hundred and fifty per cent (1509(>) of the printipal amount originally setured hereby. ~ ~ ~ 6. To pay all and singular the costs, charges and expe~ses, intluding a reasonabb attomey's fee and costs of abstract of title iro cu~rcd or paid at any time oy sa~d MORTGAGEE bccause or in the evcnt of the failune on the part of fhe said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comDlY with and abide by eath a~d every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or eithe~. and said costs, charges and expenses, each and every, shall be immediately due and payable; whethe? or not there be notice, demand, attempt to tollect or suit pe~ding; and the full amount of eath and every such payment shall bear interest f:om the date thereof untit paid at the rat p~~~_~er ~qntum per annum; and all said costs, tharges and expenses so incurred or paid, together with such ~nterest. shall b~ 1~F~f mo?tQage. s 7. That ta) i~ the event of any breach of this Mortgage or default on the part of the MORTG/1GOR, or (b) i~ the event any of said ~ sums of mo~ey herein ~eferred t~ be not promptly and fully paid within thirty (30) days next afte~ the same severally become due and payable. without demand or notice, or (c? in the event each and everv the stioulations. argeemenis, tonditions and covenants of 'said promissory rwte ~ and this mortgage any or either arc not duly, promptly and lully performed, distharged, exetuted, effetted, tompleted Complied with and abided by, then i~ either or any aich event, the said aggregate wm mentioned in said pramissory note then remaining unpaid, with interest ; accrued, and all moneys secured hereby, shall become due and payable forthwith. w thereafter. a~ the option of said MORTG/1GEE, as fully and completely as if all of the said sums of money were originally stipulafed to be paid on wch day. aMrthing in said promissory note or in this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE. without notite o? demand. s.~it at law or in equity, may be prosecuted as if all monies secured hereby had matured pieor to ifs institution. R. That in the evenr that at the beginning of or at ar~y time pending any wit upa~ this Mortgage. or to foreclaae it. or to reform it, or to t• force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appoinfinent of a Recei. ~r, such Court shall forthwith appoint a Receiver. of said mortgaged property sll and singular. inctuding all and singular the income, F••~iits, issues and revenues from whatever source derived, eath and every of which, it being expressly undentood. is hereby mort gage~! :r specifically set forth and desc~ibed in the granting and habendum tlauses Fxreof, and such Receiver shall have all the broad and eff~;.~~ve functions and powers in anywise entnnted by a Court to a Receiver. and such sppointment shall be rt~ade by such Court as an admitted equity and a matter of absolute right to said MORTG/1GEE, and without referer~ce to the adequacy or inadequacy of the value of the property mortgage~ or to the solvtnq or insolvency of said MORTGAGOR or the defer+dants. and that wch rents, profits. incomes. issuea and revenues shall be applied by wth Reteiver according to tF?e lien or equity of sald MORTWGEE and the prsttioe of suth Court. ; 9. To duly, promptly and fully perform, discharge, execute. effecf, oomplete oornply with srd abide by each and every thestipu- lations, agreements, tonditions and tovenants in said promissory note and in this mortQaQe set forth. 10. That in the event the ownership of the mortgaged premises. or any pa?t thereof~ becomes vested in a person otF+er than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wiihout notice to the MORTGAGOR, deal with such waessor or wccessors in interest with reference to this mortgage and the debt hereby secured in the same manne? as with Mo?tgagor witF~out in sny way vitiafin~ or discharging the Mortgaga's liability hereunder o~ upan the debt heteby setured. No sak of the premises F+ereby rnortgsg~d and no fore- bearance on the part of the MORTGAGEE M its wccessors or assigns and no exte~sion of the time for the payment of the debt hereby setured given by the MORTGAGEE or its succeswrs o? assigns, shall operate to release. discharge. modify. change or effect the original liabillry of 4 the MORTGAGOR herein, either in whole or in part, i 11. It is specifically agreed that time is of the essenae of this oontnct snd that no waiver or any obligation hereunder or of the ~ obligation secured hereby shall at any Hme thereafter be held to be a waiver of the terms hereof or of the instnanent setured heraby. IN WITNESS WHEREOF, the said MORTGAGOR has Fxreunto set his hand a~d seal the day and year H?st aforessld. I Signed, Sealed and delivered in presence of: ~ i ~ i ~ ~ ; ~ ' , I ~ - - - - - (SEAU ~ ~ i _ - - - - - - (SE/1U STATE Of FIORIDA 1 SS. { COUNTY OF-- - J t ; Before me personally appeared - snd ' ' - his wife. to me well known. s to me ro be the individuals described in - and who exetuted the foregoing inst t, and atknowledged before me that they exetuted the for the purposes therein expressed i ~ WITNESS my a~d ofticial seal this - day of---_-----_------ , A D. 19------ • . - s + - • ~ Notary Public in and for the Stste of Florida at Large. ' ~ My commiuian .expires: W ~ Q i I ~ ~ W ~ ~Z ~ . ~ ! c.~ ° • ' w } O I Za`z q ~ ~ i v p ~ ^ ? ~ > z a • ; F"ya°~ O ;~~o ` W ~a~ ~ ~ z ~ o ~ z ~ ~ ~ ~ ~oQ ~ ~ o e d A,Z ~ ~ ~ ~Z° A ~ °a ~ p~ ~ ~ ~ ~ ~ ~ , w~'~3~ . ~ ~ O g ' ~ t ~ . . ~ ~ . • ' ~ _ - - ~_y_~ . _