HomeMy WebLinkAbout5066 voucy er pclic~es said MORTCAGEE shali twve the ophon to rece~ve and apply tne sarne un acc~unt ot the ;ndebted~ess secured nerebv or r~
pe~mrt sa~d A1JnTGACOR: to ~ec~~~e and use it ~r any part thereof for other purposes without iheicby wa~ving or ~mpa~ring any equity,
~~en or right undar or by v,:tue of th~s Mo~tgage; and in the event said k10RYGAGORS sF~all fo. any reason fa~t to keep the said premises
so insured, or fail ro delivar promprly any ot said policies ot insurante to said MORTGAGEE, o: fail prompNy to pay fully any premium thc~efor,
o. in any rezpett fa;l fo pe~l~rm, d~scharge, execute, effect, complete, comply with a~d abide by this covenant, or anv part hereof, said MOR7•
GAGEE may place and pay for such insu~a~te or any part thereof without wai~ing or aifecting any option, I~en, eQuity, or right under or Dy
~~rtue of th~s MO~~b`J$t, and the tu~l amount of each and every uxh payment shall be immediately due a~d payable and shall bear intcrest
frern the date therc~f un?il paid at the rate of per cent per an~um and togelher with such interest shall be secured by tne
~~~n of t~is mo«~age. seven and three quarters
4. 7o permit, commit or suffe. no wasfe, impairment or deteriorafion of said properry or any part thereof.
5. It is hereby speciFically ag~eed that any sum or sums which may be loaned or advance.~! by the hlortgagee to the Mortgagor at any
r~me after the record~ng of this indenture, together with interest thereon at the rate agreed upon at the time of such loan o~ advance, shatl be
eyuaily secured w~th and h~ve the same prior~ty as fhe eriginat indeCtedness, and be subject to all the terms and p~ovisions of this mortgage:
V~ovided, that the aggrega~e amuunt ui ~r~nc~µ,i uut~tanS~+tig at any time s~.:!! r.~! e:te~~ Z.^, z~.^,^s.^.! *+~a h,~n~i.ecl a~~1 fifty ner cent
(15096) of the pr~n:~pal amcunt orig~na!ly sec~red hereby. ~
6. To pay all anci singular fh~ c^sts, tharges ~nd expenses, ireluding a reasonable attorney's fee and costs of abstract of title in-
curred or paid at ~ny nme by ~,+~J 1~!~RT~.A ;EE bccause ~i ln the evc~,f of the failure on the part of the said MORTGAGOR to duty, promptly
artd Tully pCrtnrm, O~SCi~~be. ~x~wtc. eiie~i, wn~j..~o~c. E:•e:~ t?~n g?~r~+~,Jaf~cx+c, aoreements. eonditions
and covenaMs of said pr.:m~isory note an~ this m~~tgage any e~ eiti er, a~d said costs,,charges a d x nses eath and every, shall be
~mmed~ately due and payabte; whether or not tl1%•re be notite, dem3nd, attempt to co~~~s~n~~d~l~~~ii~unt of each and
every such payment shall bear interest frcm the date thereof until paid at the rate of ~f7C]fiidCiLKi~6lE3E per centum per annum; and all said
costs, charges and expenses s~ ~ncurred or paid, togethe~ with such interest, sFwll be secured by the lien of this mortgage,
7. That fa) 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 rttoney herein refer~ed t~ be not promptly an~ fully paid witnin thirty (30) days next after the same severally become due and payable.
w~thout demand er notice, or (c? ~n the «ent each and everv the stioulations, argeements, canditio~s and covenants of said promissory note
and this mortgage any or either are not dui~•, promatly and fully performed, distharged, executed, effected, complefed complied with and
abidcd by, then in either or an; sucti event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest
accrued, and att moneys secured hereby, shaN become dlie and paya5le lorthwith, or thereafter, at the option of said MORTGAGEE, as fully
and completely as if all of the said sums of money w•ere originally stipulated to be paid on such day, a~~thing in said promissory note or in
this Mortgage to ihe contrary not withstanding; and thereup~n o~ thereafter at the option of said MORTGAGEE, without notite or demand,
suit at law or in equiy, may bc proscwted as if all monies secured he~eby had matured priar to its institution.
8. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foretlose it, or to ~eform
It Uf fU @MUfIC 111e/11 UI dn ~;iA~~(~O i~~;lQu~l.~c~, iuiv
VdY y ;~noTrA~~c r~.w~~ gvr1~ ~M ('..._.t 1.~„in~ .~~.~~~cr~on tt,ereof for thC 2DD~intmCpf
cf a ReCeiver, such Court s!wll torthwith app~int a Receiver, of saed mortgaged property all and singular, i~cluding all and singular the
income, profits, issues and revenues frem whatev~r source derived, each and every of which, it being expressly understood, is hereby mort•
gaged as if spetifically set forth and describetl in the granting and habendum clauses hereof, artd such Reteiver shall have al! the broad and
effective functions and powers in anywise entrustcd by a Court to a Receiver, and s~ch appoinfinent shall be made by such Court as an
admitted equity and a matter of absolute right to said MORTGACEE, and without refere~ce to tke adequaty or inadeQuacy of the value of the
property mortgaged or to the selvertcy or insol~ency of said MORTGAGOR or the defendants, and that suth rents, profits, intomes, issue~
and ?evenues sha~l 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 fully perform, dizcharge, execute, effect, tomplete tomply with a~d abide by each and every the stipu-
lations, agreements, conditions and tovenanfs in said promissory note and in this mortgage Set forth.
10. That i~ the event the ownersh~p of the mo?tgaged premises, or any part ti?ereof, becomes vesTed i~ a person other than the
AtORTGAGOR, rhe MORTGAGEE, its succeswrs and assigns, may, without notice to the MORTGAGOR, deal with such sutcessor or sutcessors
;n ~nterest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating
~r disCharging the Mortgagor's tiabitity hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore-
be_>~ance w, the part of the MORTGAGEE n. its sutcessors or assigns and no extension of the time for the payment of ;he debt hereby secured
g~~en bv the MORTGAGEE or its successors or assig~s, shall operate to release, dixharge, modify, change or effett the original liability of
the AAORTGAI,OR herein, either in whole or in part.
f 1. !t is specifically agreed that t;me is of the essence of this contract and that no waiver or any obligation hereunder or of the
~bligaticn secured hereby shaf! at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured hereby,
Signed, $ealed and delivered in presence of:
_ _ _ _ (SEIIU
_ (SEAU
STATE OF FLORIDA (
COUNTY OF ` SS.
Before me pe~senally appeared _ - - - and
his wife, to me well k~own, a own to me to be the individuals desCribed in
and who executed !he foregoing i ent, and acknowledged before me that ihey executed me for the purposes therein expressed.
{ WITNESS nd and official seal this day of _ _ , A. D. 19
t - - - - - -
Notarv Public in and for the State of Florida at Large.
M commission expires:
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