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Home My WebLink About2531 ~»i~cy or policies said MORTGAGEE sFwfl have the opiion to reteive and apply tne ~arne un acccunt of the ir?debtedness secured r~erebv or M perm~t sa~d ~10RTGA.'",OR$ ro rece~~e and use it or any pa~t thereof fo~ othe~ purposes without thereby, warv~ng or impairing any cquity, ~~en or riRht under or by virtue of this Mortgage; and in~tF?c event said MORTGAGORS shall for any reawn fail to keep the said premises so insu~ed, o~ iai! ro deii~er p~omptly any of said polities of insurance b said MORTG/1GEE, o~ fail p~omptly to pay fullY a~Y premium thcretar~ or ;n any resp~.-ct fail to perform, d~scharge, execute, effect, tomplete, comply with and abide by this covenant, or anv part he~eof, said MORT- GAGEE may placQ ~~d pay for suth insurance o~ any part thereof withouf waiving or affecting a~y option, lien, equiry, or right under or by .i~tue of th~s Mortgagc, ar.d the full amount of eath a~d every such payment shall be immediately due and payabte and shall bear intcrest from the date thereof until paid at the rate of per cent per annum and togethe~ with wch interest shall be secured by tM i~e~ of ih;s mor~8age• seven and one quarter 4. To pe~mit, commit or suffer ~o waste, impairme~t or dete~ioration of said propery or any part thereof. S. !t is he~eby specifically agreed that any sum or sums whith rtwy be loaned or advanced by the Mortgagee to the Mortgagor at any Nme after the reco~ding of this indenwre, together with interest thereo~ at the rate agreed upon at the time of suth ioan or adva~ce, shall be ' equoffy securec! with and have the same priority as the original indet~edness, and be subject to atl the terms and provisions of this mortgage: ~ Provided, that the aggregate amount of princlpal outstanding at any time shall not exceed an amaunt equa) to one hundred and fifty per cent (~504f~) of the prir.tipal amount originally secured he~eby. 6. To pay all and singular the cests, ch.irges and expenses, ircluding a reaso~able attorr?ey's fee and costs of abst.act of title in- curred o~ paid at .:ny time by sa~d 1~'~RTGACEE because o~ in the evcnt of the failure on the part of the said MORTGAGOR to duly, promptly and fully perf~rm, d~xhar~e, execute, effect, complete, comply with and ab+de by each and every the stipulations, agreements, conditia,s and covenants of said prom~sscry note a~d this mortgage any o? eit!~er, and said tosts, tharges and expenses, eath and every, shall be in,mediately due a~d payable; whether ur not there be notice, demand, attempt to coll~c , i~iRe,;~n~,t~~j,amouni of eath and every such payment shall bear interest from the date the~eof u~tit paid aT the rete of !t~ ~.ti'te tG ~e`F annum; and all said costs, charges and expenses so incurred or ~paid, tog~ther w~th such ~nterest, shall be setured by the lien of this mortgage, 7. That (a) in the event o1 any breach of this Moetgage or default on the part of the MORTGAGOR, or tb) in the eve~t any of said sums of money herein reterred t~ be not promptly and fully paid wifhin thirry (30) days next after the same severalty become due and payable, without demand er notice, or (c) in the event each and everv the srinulations, argeements, cond'+tions and covenants of said promissory note and this mortgage a~y o? either are not duly, promatly and fully performed, discharged, exetuted, effetted, completed tomplied with and abidcd by, the~ in either or an~- such event, the said aggregate sum menfioned in said promissory note ther? remaining unpaid, with interest accrued, and a!1 moneys secured he.eby, shall become due and paya5le forthwith, or thereafter, at the option of said MORTGALEE, 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 cont~ary not withstanding; and thereup~+ or thereafter at the option of said MORTGAGEE, without notice or demand. suit at law or in equity, may be prosccutecl as if all monies setured hereby had matured prior to its insfifution. 8. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to refomn it, or to enforce payme~t of any claims hereunder, said MORTGAGEE si~all appfy !o the Court having jurisdiction thereof for tFee appointment of a Receiver, such Court shall forthwith appoint a Receiver, of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues frem whatevcr source derived, each and every of whith, it being exp~essly understood. is hereby mort- gaged as if specificatly set forth and described in the g~a~ting and habendum clauses hereof, and such Reteiver shall have all tF+e broad and effective functions and powers in anywise entrusted by a Court to a Reteiver, and such appointment shall be made by suth Court as an admitted equity and a matter o4 absolute right to said MORTGAG£E, and without reference to the adequacy or inadequacy of the value of tM property r»ortgaged or to the solvency or insolvenq of said MORTGAGOR or the defendants, and that wch rents, profits, intomes. issuea and revenues shall be applied by such Receiver according to the lien or equiry of said MORTGAGEE and the practice of such Court. 9. To duly, promptly and fully perform, discharge, execute, effect. complete comply with and abide by each and every the stipu- fations, agreements, conditions and tovenants in said promiuory note and in ihis rt!ortgage set lorth. 10. That i~ the event the ownership of the rtwrtgaged 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 wccesson in interest with refere~ce to this mortgage and the debt hereby secured in the same manner as with Mortgagor withouf in any way vitiati~g ~r dixharging the Mortgagor's liability hereunde? or upon !he debt hereby secured, No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE M its wccessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, shall operate to release, discharge, modify, change or effect the original liability of the l~10RTGAl',OR herein, either in whole or in part. _ 11. It is specifitally agreed that time is of the essence of this tontrad and that no waiver w a~y obligation hereunder or of the obligation secured hereby shall at any time thereafter be held to be s waiver of the terms hereof o~ of the instrument secured hereby. ~ Signed, Sealed and delivered in presence of: - - - - - - - - - - - - - (SEAU - - - - _ - _ _ (SEAU STATE OF FLORIDA ~ - ~ COUNTY OF - - - I . 8efore me personaU a ~ Y PPeared . ~ - - - - - - and - his wife. M me well k~own. an to me !o be the individuals described in - - ar.d who executed the foregoing ins nt, and ackrawledged before me that they executed the for the purposes therein expressed. WITNESS nd and official seal this day of---- - - - , - ~ A. D. 19--- • - - - - Notary Pubtic in and for the State of Florida at Large. ~ M commission e ires ~ W I i ~ ~ a : , ~ ~ v~ z ~ ~ ~ W ~ I! w ~ i Z Q z ~ i ~ ~C A ~ ~vp Z ~ ~ Q i c% oW ~ ~ (x-~~'a w ~a> ~.~w ~ ~ ~QZZ ~ I z m ( F+ . LL.~aQ ; ~a~ ~ i Ls.l~z ~ ,~•'~p~q ~r ~ A o~- ? 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