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Home My WebLink About2531 poiicy o? poiicies said MORTGAGEE sFwll have the option ro ~eceive and apply tne sams un account ot the indebtedneu secured herebv or permit sa~d MORTGAL~.OR~ to rete~ve and use it o~ a~y part thereof fo? other purposes without thereby waivi~Q or impairsng any epuity. lien or right under o? by vi:tue of this Mo~tgage; and in the event said MORTG/1GOR5 shall fo. any reason fail to keep the ssid premises so insured, or fail to deliver p~omptly any of said polities of insurance to said MORTG/1GEE, or fail promptly to pay fully any premium theretor, or in any respect fail to perfo~m, d~uharge, execute, effett, complete, comply with and abide by this covenant, or snv pa~t hereof, ssid MORT• GAGEE may place and pay for such insurante o? any part thereof without waiving o? affetting a~y option, lien, equity, or right under o~ by virtue of this Mortgage, and the full amount of each a??d every suth payment shall be immediately due and payable and shall bea~ interesf from the date thereof until paid at the ~ate ~f ]OlU[!QlCll7C~fi per cent pe? annum and together with such inte~est shall be setured by the lien of this mortgage. SCV@ri and one half 4. To permit, commit or wffer no waste, impairment or deterioration of said property or sny part thereof. 5. It is he?eby speciEically agreed that any sum or wms whith may be loaned or advanced by the Mortgagee to the Mortgagor at any rime after the recording of this i~deMUre, together with interest therean at the ~ate ag~eed upon at the time of suth loan or advance, shall be equa~iy secured with and have the same priority as the original indettedness, and be subject to all the terms and provisions of this mortgage: Provided, that the aggregate amount of principal outstanding at any tirt?e shall not exceed an artw~mt eqwl to one hundred and fifry per cent (1509f~) of the principal amount originally setured hereby. 6. To pay all and singular the cests, charges and expenses, irtluding a reasonable attorney's fee and costs of abstract of title in- curred or paid at .:ny time by sa~d MORTGAGEE because or in the eve~t of the failu~e on the part of the said MORTGAGOR to duty, promptiy and fully perform, discharge, execute, effect, comptete, comply with and abide by eaeh a~d every the stipulations, agreements, conditions and covenants of said prem~ssory nore and this mortgage any ar eithe?. a~d~~s,~}1ir~~~~plenses, each and every, shall be immediately due and payable; whethe? or not there be notice, demand, att e(eC~'oi su~ pe ~ng; and the full amount of eath and every such payment shall bear interest from the date thereof until paid at the rate of r tentum per annum; and all said custs, charges and expenses so incurred or paid, together with wch ~nterest, shall be setured by the lien of this mortgage. 7. That (a) in the event of any breach of this Mortgage or default on the patt of the MORTG/1GOR, or (b) in the event any of said sums of money herein reEerred t~ be not promptly and fully paid within thirry (30) days next after the same severally become due and payable, without demand or notice, er (c! in the event each and everv the st~nulations, argeements, tonditions and cwenants of said promissory note and this mortgage any or either are not duiy~, promptly and fully performed, discharged, exetuted, effected, completed tomplied with and abided by, then in either or an`• s.~ch event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all meneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully and tompletely" as if all of thc sa~d sums of money were originally stipulated to be paid on such day, anything in said promissory note o~ in this Mo?tgage to the contrary not withstanding; and thereupon or thereafter at the option of said MOR~GAGEE, without notice or demand, s,~it at law or in equity, may be prosecuted as if all monies secured hcYeby 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 Mo?tgage, or to foreclose it. or to refomt it, or to e• force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a:::cei~ ~r, such Court shali forthwith appoint a Receiver, of said mortgaged property all and singutar, including all a~d singular the intome, r•~~rits, issues and revenu•=s from whatevrr source derived, each and every of whith, it being expressly understood, is hereby mort- gage•! .t specifically set forth and described in the granting and habendum Clauses hereof, and Suth Reteiver shall have all the broad end effecnve functions and powers in anywise entrusted by a Cou?t to a Receivrr. and such sppointmen! shall be made by wch Court as a~ admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadaquaty of the value of the property mortgaged or to the solvency or insolvenq of said MORTGAGOR or the defendants, and that such rents~ profits. intanes, issuea and revenues shall be applied by such Receiver according to the lim or equity of said MORTGAGEE and the practice of wch Court. 9. To duly, promptly and fully perform, discharge, execute, effect, tomplete comply with and abide by eath and every the stipu- lations, agreements, conditions and covenants in said promissory note and in this mortQage set forth. 10_ That in the event the owne?ship of the mortgaged premises. or s~y part thereof, becomes vested in s person other than ihe , MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTG/1GOR, deal with such successor o~ woceuors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in a~+y way vitiati~g or discharging tF?e Mortgagor's liabiliry hereunder or upon the debt hereby setured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE c+• its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE o~ its sutcessors or assigns, shal) operate to release. distharge, modiiy. thange or effett the original liabiliry of the 1~10RTGAGOR herein, either in whole or in paR. 11. It is specifically agreed that time is of the eszente of this oontract'a~d that no waiver o? any obligatian hereunder or of the obligatian securetl hereby shall at any time thereafter be held M be s waiver of the temu hereof or of the instrument secured hereby. Signed, Sealed and delivered in presence ot: ~ I~ ~ / E / i - - - - - - - - - (SE/1U - - - - - - ~ - - - ~ - - - - - - (SE/1U ~ STATE OF FLORIDA 1 - counm~ oF _ _ ( ss. Before me personal~y appeared _ - - - - - - ard ; his wife. to me well known. a to me to be the individuals described in - - and who exetuted the foregoing instrume , and acknowfedged before me that they executed t me for the purposes therein expressed. WITNESS my hand official seal this - - - - - - day of------------------------------------_ . A D. 19---- • - - i / Notary Public in and for the State of Florida at Large. My commissio~ expires: ~ A ~ { I w ~ Z ~ ~ ~ w i ~vo ? o e ~ I Zaz O A ~ _ ~s ~ ' ~~a~~ ~ x~'a ~ ^TM ~"'aa~ W ~zf~ : ~ v H ~aa x ~ ~ ` . ! j ~ A~Z ~ ~~m ~ f ~ Q o A W o E"'r i _ . ~ ~ ~ oa n ~ ' 800M 2O~ PACE~ IJO 0 F ~ ~ ~ ~ s _ ~ ; ~'~m:~ < -~€-"~~rx"~ ~G~ ~ _