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Home My WebLink About1978 ~oucy o? policies sa9d MORTGAGEE shall hsve the option to receive and apply tne wme un account ot the indebtedness secured nerebv or n? permit said MORTGAGORS to receive and use if w any part fheroof for othe~ purposes without thereby waivin~ or impairing any eQuity, I~en or righ~ under or by virtue of this Mortgage; and in the event said MORTWIGORS shall fo. any reason fail to keep the Ssid premisCs so insured, w fail to deliver promptly any of said policies of inwrants to said MORTG/1GEE, or fail pranptly to pay fully any premium therefor~ o. in any respec~ iait to perform, discharge. execute, effect, complete, comply with and abide by this covenant, or anv Pa?t hereof, said MORT- GAGEE may place and pay for such insurance or sny put thereof without waiving w ~ffecting.any option. lien, equity, or right under or by virtue of this Mortgage, and the full amount of each and every such pay~nent shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate oR7fD[ r cent pe? aruwm and together with wth inte~est shall be secured by the i~en of this morcgage. seven and one-half 1. To permit, tommit a wffer no waste, impairment or deterio?ation of said proQerly or any psrt the~eof. 5. It is hereby specifically agreed that any sum o~ wms which may be loaned or advanted by the Mortgagee to the Mortgagor at any rime after the recording of this indenture, together with interest the~eon at the ~ate agreed upon at the time of wch loan or advance, shall be equaUy secured with and have the same p~iority as the original indebtedness, and be subjecf to all fhe terms and provisions of this mortgage: i Provided, that the aggregate amcunt of principal outstanding at a~y time shall not exceed an amount eqwt to one hundred and fifty per cent (150~) of the p~intipal amount originally secured hereby. 6. To pay all and singular the costs, charges and expenses, including a rwsonable at~~ s fee a~d costs of abstract of title iro curred or paid at any time by sa~d MORTGAGEE betause or in the event Of fhe failure on tFte patt of the said MORTGAGOR to duly, promptly and futly perf~rm, discharge, execute, effect, tomplete, comply with and abide by each and every the stipulatio~s, ag~eements, conditions and covenants of said premissory note and this mortgage any or either. and said tos e~ n~e~~gach and every, shall be ~ immediately due and payable; whether or not thcre be notice, demand. attetnpt to Co~~~:~uR~p~~dn~r~, aHd~Ai~ ful) amaint of eath a~d ~ every such payment shall bear interest from the date thereof until paid at the rate o per centum per anreum• and all said ~ cests, tharges and expenses so incurred or paid, together with such enterest. sFwll be setured by the lien of this mortgage. ~ 7. That lal in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein refened to be not promptly and fully paid within thirty (30) days next after the same severally betome due and payable, without demand or notice, or (c) in the event each and everv the stioulations, argeements, conditions and covenants of said promissory note and this mo~tgage any or either are not duiy, promptly and fully perforrt?ed, diuharged, exetuted, effected, tompleted tomplied with and abided by, the~ in either or any sut?~ event, the said aggregate wm me~tioned 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 wth day. anything in said promissory note or in this Mortgage to the contrary not withstanding; and thereupon or thereafte? at the option of said MORTGAGEE, without notice or demand, s~it at law or in equity, may be prosecuted as if all rtw~ies secured hereby hsd mafured p?io? to its institution. a. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, or fio r force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receit ~r, such Court shall forthwith appoint a Receiver, of said mortgaged property all and singular, including all and singular the intome, r. • rits, issues and revenues from whatevr_r source derived, each and every of whith, if being expressly undentaod, is hereby mo?t- gage~! .r spetifitalH set forth and described in the granting and habendum clauses hereof, and wth Recei~er shall have all the broad and eff~:nve functions and powers in anywise entrusted by a Court to a Reteiver, and such appointment shall be made by such CouK as an admitted equiry and a matter of absolute right to said MORTGAGEE, and without reference to the sdequaq or inadcquaq of the value of the property mortgaged or to the soivency or i~solvency of said MORTG/1GOR or the defendants, and that such rents, profits, incanes. iswea and revenues shall be applied by wch Receiver according to the lien or equity of said MORTGAGEE and the practice of such Cou?t. 9. To duly, prompNy and fully perform, discharge, execute. effect. complete comply with and abide by each and every the stipu- latioru, agreements, conditions 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 part thereof, becomes vested in a person other than the MORTGACAR, the MORTGAGEE, its sutcessors and assigru, may. without notice to the MORTGACOR, deal with such suttesso? or sutcessors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiati~g o? distharging the Mortgagor's liability hereunder or uptx~ the debt hereby secured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE n? its sutceswrs or assigns and no exteruton of the ~ime for the payment of the debt hereby setured ' given by the MORTGAGEE or its successors or auigns, shall opente to relesse.'~distl~stg~i Irwdify, change or effett the original liability of the (~10RTGAGOR herein, either in whole or in part. . ' 1 l. tt is specifically agreed that time is of the essenCB of this contntt and that no vraiver or any obligation he~eunder or of the ~ obligatian secured hereby shall at any time thereafter be held to be a waiver of the Mrms hereof or of the instrument secured hereby. ~ ~ Signed, Sealed and delivered in presence of: ,i ! ~ _ _ - - _ (SEAU R - - - - - ~ - - - - - - (SE/1U ST/1TE OF FLORIDA 1- ss. couNnr oF - - - J - - ~ Before me personally appeared - - - - - his wife. to me well krawn. a to me to be the individuals destribed in ~ - - and who executed the foregang inst nt, and ackrwwle~Jged before me that they executed the for the purposes therein expressed. WITNESS my Furfd and official seal this - - - ---daY of--------------- - - - - . A D. 19--- • ' - - - i , , - " ~ - - - - Notary Public in and for the State of Florida at Lsrge. r ~x f~1/~L+~i~ciM PYn fPC• - ~ .3, ~ , ( d ~ ~ ~ W ~ ~o ~ x i Z Q Z ~ ° ~ - ~ ~s ~ ° ~ A ~ >~o z oc ` a~~ x v { ~~Q~ ~ ~ma~ . 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