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Home My WebLink About1669 poucy or p: i~c~es sa~d MORTGAGEE st~~ll have the option to receive a~d app~y tne sarne un account ot the indebtedness secured r+erebv or pe~mit aa~d ~1J~2TG>>GOri~ to ~oce~~e and use it or any part thereof for other purposes wifhout~thercby waiving or impa~ring any eQuity, I~en or righr under or by v~:tue uf this Mortgage; and in the event said MORTGACORS shall for any reaso~ fail to keep the said premises so insured, or fa~1 tu dei~~e~ p.emptly any of said poticies of inwnnce to said MORTGAGEE, or fail promptly to pay fully any premium therefor, or in any respec~ fail to perform, d~scharge, execute, etfect, complete, comply with and abide by this cove~ant, or anv part hereof, said MORT- GAGEE may ptace and pay for such insurante or any pa~t thereof without waiving or affetting any option, lien, equity, or right u~+der or by v~~tue of this M~~tg.,ge, and the futl amount of each and every wth paymenf shal) be immediately due and payable and shall bear interest from the date the?rof until paid at the rate of s~11XltJtNdtk4Cper tent per an~um and together with suth interest shall be setured by the I~en of this mortgage. SeV@II arid Orie-quarter 4. To permit, commit or suffer ~o waste, impairment or deteriotation of Said property or a~y part the~eof. S. It is hereby :pecificaily agrced that any sum or sums which may be loaned or advanced by the Mortgagee to the Mortgagor at any r~me after the recording of this indenture, together with inte~est thereon at tF+e rate agreed upon at the time of suth loan or advance, shall be equa~ly secure~} w~th and h:,,e the s~me preority as ihe original indetledness, and be subject to all the terms and provisions of this mortgage; Provided, th~t tF,e ae;gregate amcunt uf p.inc~pal outstanding at any time shall not exceed an amount equal to one hundred and fifty per cent (15096) of the Drircipa~ amount or~g~nally seCUred hereby. b. To pay a1i and s~ngular the ccsrs, char~;es and expenses, ireluding a reasonable attomey's fee and costs of abstract of title in- curred or paid at ::nv tim~ f~y >>~.i ~'7i:TGAG~E bccause or in rhe event of the failure on the part of tF+e said MORTGAGOR to duly, promptly and fully perf ,~rn, d~sci~ar~;e, e!.ccwu, eff:ct, complete, Nmply with and abide by each and every the stipulations, agreements, conditions and c~venan?s of said pr:m~s;ery n•~re ar,~ this m~rtgage any or eit~•er. ar~ said costsc Qchar es a~ ex nses, each and every, shall be immed~ately duc and payable; whethar or not tl-cre be ~otice, demand. attempt to CollltFlj~~i i~~11BN~~~amount of eath and every such paymenr shail bear ~ntrrest from the date thereof until paid at the rate of ~ ~ per eentum per annum; and all said costs, tharges and expenies s~ ~nce:rred or paid, together with suth interest, shall be setured by the lien of this mortgage. 7. T~at (af in the e~ent 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 1,ere~n refer+ed t~ be n:,t pr~mptly and fully paid within thirty (301 days next after the same severally become due and payable, wrthout demand cr not~ce, er !r ~n the e~ent cach and ever~ the shpulations, argeYments, tonditio~s and eovenants of said promissory rwte and this mertgage any or e~ther are n~t dui~, promptly and fully performed, discharged, executed, effected, completed tomplied with and a5~ded by, then in c~ther or a~; s:,ch event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all m~neys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completety as if atl of thc k+id sums of money were originally stipulated to be paid on wch day, anything in said promissory note or in this l~lortgage to the contrary nct ~vithstanding; and thereupon or thereafter af the optio~ of "said MORTGAGEE, without notice or demand, suit at (aw or in equity, may be prosccuted as if afl monies secured heteby had matured prior to its institution. R. That in the event that at the beginning of or a: any time pending any wit upon this Mortgage, or to foretlose it, or to refomn ~ it, or to e force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdittion thereof for the appointment of a Recei. ~r, such Court shali forthwith appoint a Reteiver, of said mortgaged properfy all and singular, intluding all and singular the income, r• >rits, issues and revenu~•; from .vhatev~r source derived, each and every of which, it being expressly understood, is hereby mort- gage~ .r specifically set forth an:1 described in the granting and habendum tlauses hereof, and wch Receiver shall have all the broad and eff~:~~ve functions and powers in anywise entrusted by a C~ou?t to a Reteiver, and suCh appointment shall be rtwde by wth Court as an admitted equity and a mattc. of ahsolute right to said MORTGAGEE, and without referente to the adequaq or inadequacy of the value of the property mortgaged or to th~ soi~ency or insolvency of said MORTGACAR or the defendants, and that wch rents, profits, incomes, iswes 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 futly perform, dixharye, execute, effect, complete comply with and abide by wch and every the stipu- latians, agreeme~ts, cond~tions 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 h10RTGACOR, the MORTGAGEE. ~ts successors a~d assigns, may, without notice to the MORTGAGOR, deal with suth suttessor or successors in interest with reference to this m~rtgage and the debt hereby secured i~ the same manner as with Mortgagor without in any way vitiating ~r discharging the Mortgagor's lia5iliry hereunder or upon the debt hereby secured: No sale of the premises hereby mortgaged and no fore- , bearance on the part of the MORTvAGEE o• its successors or assigns and no extension of the time for the payment of the debt hereby setured g~ven bv the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify, change or effett the original liability of the h10RTGAGOR herein, either in whole or in patt. 11. It is specifically agreed that time is of the essente of_this contnct and that no waiver or any obligation hereunder oi of the obligation secured hereby shal! at any time thereafter be held to be s waiver of the terms hereof or of the instrument secured hereby. - Signed, Sealed and delivered in presence of: ~ - - - _ (SEAU ~ - - ~ ~ - - - - - - - - _ _ (SEAU ~ STATE OF FIORIDA ~ COUNTY OF SS. ~ ~ Before me personally appeared _ - - and - _ his wife. to me well known. a to me to be the individuals described in and who executed the foregoing inst t, and atknowledged before me that they executed t me for the purposes therein expressed. WITNESS m and official seal this day of_.__ ,/1. D. 19-__ - Notary Public in and for the State of Florida at Large. My commission expires: W ! ~ ~ ! ~ ~ ~ W ~Z ~ I x ~ w o , . ~ ~ ~ ~Zaz ~ ° ~ ~ Q ;~~o z ~s ~ ~"'ia°V ~ ~ x o ~ ~i.~ ~ ~~i~ a > ~ m ~ ~ oc ° ; ~ ...;aaQ ~ ~zm ~ H u,.i ~ o x ~ o e ~ ; ~~-'z ~ x ~ ~ ; ~ iAoo W E"'eo ~ , ~Z ~ r~r ~ ~ y ~ ~ ~ W ~ U k r p ~ ~07 i~~ • .BOOK ~'AGE ~ ; ~ ~ ~ ~ ~ k : Y ~2c .,r~„4_ _~~'w i vy ~S. ~'.a:~ . _ _