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Home My WebLink About3424 ~~Abstract & Titie Corp. of ~lorida poucy or poiic~es said MORTGAGEE shalt have the option to receive snd apply tne same un acccunt ot the indebtedness secured nerebv or t^ permit said A10RTGA~RS to receive and use it or any patt theroof for othe~ purposes without the~eby wa~ving or impa~.~ng any equity, ~~en o~ right unde~ or by virtue of this Mortgage; and in the evenf said MORTGAGORS shall fo. any reason fail to keep the said premises so insured, or fail to deli~e~ prcmptly any of said polities of insurante to said MORTG/1GEE, or fail promptly to pay fully any premium thcrefor, o. in any respett fail to pe~form, d~uharge, execute, effect, complete, comply with and abide by this covenant, or anv part hereof, said MORT• GAGEE may plate and pay for such insurante or any part thereof without waiving or sffecting any optio~, lie~, equity, or right under or by virtue of this Mo~tgage, and the full amount of each and every such payme~t shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of 71X~lOO7C?RClbi Per cent per annum a~d together with wch inte~est shall be secured by the I~en of this mortgage. e~ght 4, To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. It is hereby specifically agreed that a~y sum or wms which msy be loaned or advanced by the Mortgagee to the Mortgagor at any time after the recording of this indenture, togethe~ with interest thereo~ at the rate agreed upo~ at the time of wch loan or advance, shall be eQua~ly secured with and have the same priority as the original indettedness, and be Subjett to all the termi and provisions of this mortgage: Provided, that the aggregate amount of principal outstanding at any time shall not exceed an amount equal to one hundred and fifty per cenf (1509b) of the prin~ipal amount originally setured hereby. o. To pay aii and singuiar (RC CUS~l, G~~d~dCD aini CA~II~C~~ ir"t;3;rsg a~aas:..zab:8 aitc:r.cy's fee s.^.d tM!s ^f abst•art of title in- curred o~ paid at any time by sa~d MORTGACEE because o~ in the event of the failure on the part of the said MORTGACAR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by eath a~d every the stipulations, agreements, conditions and cove~ants of said prerr,;ssory note and this mortgage any or either, and said tost ~g es and exper?ses, each and every, shall be ~mmediately due and payable; whether or not there be notice, dertwnd, attempt to tol~~uit pending; and the full amount of each and every such payment shatl bear interest from the date thereof until paid at the rate of~~~~er tentum pe~ annum; and all said costs, charges and expenses so incurred e~ paid, together with suth ~~terest, shall be setur y t~e ien of this mottgage. 7. That fa) in the event of any breach of this Mortgage or default a+ tix paR of the MORTGAGOR, a(b) i~ the event any of said sums of money herein referred t~ be not promptly and fully paid within thirty l30) days next after the same severally become due and payable, without demand or notice, o. (c! in the event each and everv the stioulations, argeements, tonditions and covena~ts of said promissory note a~d this mortgage any o? either are nat duly, promptly and fully performed, dixharged, executed, effected, completed tomplied with and abided by, then in either or any such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys se:.u~ed hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if alt of the sa~d 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 thereafter at the option of said MORTGAGEE, without notice or demand, s.~it at law or in equity, may be prosecuted as if all rr?onies secured heroby had matured prior to lts institution. R. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, o? to foretlose it, or to refomn it, or to t• force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the sppointmmt of a ReCei~ ~r, such Court shall forthwith appoint a Reteiver, of said mortgaged property all and singular, including all and singular the intort~e, D••~rits, issues and revenues from whafevr.r source .derived, eath snd every of whith, it being expressly understood, is hereby mort- gage•± .r specifically set forth and described in the granting and habendum clauses hereof, and wch Receiver shall have all the broad and eff~_r~ve functions and powers in anywise entrusted by a Court to a Receiver, and such appointme~t shall be made by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and without reference to the adequaq ar inadequacy of the value of the property mortgaged or to the sotvency or insolvency of said MORTGAGOR w tF+e deferx~ants, a~d that such rents, profits, incomes, issuea and revenues shall be applied by wch Reteiver according to the lien or equity of said MORTGAGEE and the p~xtice of suth Court. 9. To duly, promptly and fu11y perform, discharge, execute, effect, complete comply with and abide by each and every the stipu- lations, agreements, conditions and covenants in said promissory note and in this mortgage set fwth. i0. That in the event the ownership of the mortgaged premises. or any part thereof, be~omes vested in a person aQh~: :!':r. !F== MORTGACOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAGOR, deal with such wccessor or successors in interest with reference to this mo.tgage and the debt hereby secured in the same manner as with Mortgagor without in any wsy vitiating ar distharging the Mortgagor's liability hereunder or upon the debt hereby setured. No sale of the premises hereby mortgaged and no fore- bea.ance on the part of the MORTGAGEE o. its successors or assigns and no extension of the time for the payment of the dPbt hereby secured given by the MORTGAGEE or its successors or auigns, shall opente to release. distharge, modify. change or effett the original liabiliry of , the t~10RTGAGOR herein, either in whole or in part. 11. lt is spetifically agreed that time is of the esxnoe of this Contntt and that no waiver or any obligation hereunder or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument setured herebY- ~ Signed, Sealed and delivered in presence of: i f ! i ~ ST TE ~F FLORIDA ~ ` r p-OCaf~NTARY,~~ :~.~S~AMP T!.>. ~ ~ C~ + °-r- O ' - - - ~S~V Y - - - - - ~vz.. DEPI.OF REYE!~IUf s'_~~` ' C ~ - _ _:19"72 ~ jti : ~ ~ 7 ~ - ISEAU - - - _ _ - - ~ a = P4. ~ . ~ ST/1TE OF FLORIDA :~i~t ~ o - ~ ~ s COUN7'lf OF - - - - ' ~ Before me personally appeared - - - - - - and ~ : his wife. to rt+e well kno known to me to be the individuals described in and who executed the foregoing inst t, and acknowledged before me that they exec he same for the purposes therein expressed. ~ ~ WITNESS my and officia~ seal this _ _ _ day of.___ _ _ _ _ , A D. 19 _ . - - ~ ~ Notary Public in and for the State of Florida at My commission e~cpires: W ~ ~ A I ~ w i ~ o x ~ W ~ ~Z~~ ~ e :~?,3 ~ ~ w~..~ a p~ Q ~ -v .n ~ 0 O ~ lil 0 ~ 9 . ~k ~ a > ~ h . F~. 41 ~ ~ ~ _ W ~ ~ ~ ~.,U~ ~ z ~ ~ ° QaQ ~ ~o~ d~ c~~Z ~xU, x~~ ~ ~ QZo w ~ o ;;~3 E"'~ ~ , _ _ ~ A ; ~ > ;x, ~ ; ~ ~ _ , ~ . - 1 I w O i ~ = ~ ~ I ' ~ ~ ` - ~ ~-1 ~ . . . ~ . ,