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Home My WebLink About5539 ~oiicy or policies said MORTGAGEE shall F?ave the option to ~eteive and spply tne same un atcount of the indebtedness secured nerebv or tn permit said MORTGAGOFS to ~ece~ve and use it w any part thereof fa other purposes without the~eby wa~v~ng or impairing a~y equity, I~en or righl under or by virtue of this Mortgage; and in tF+a event said MORTG/1GORS shall fo? any reason fail to keep the sa~d premises so insured, or fail to deli~er promptly a~y of said policies of i~sunnce to said MORTG/1GEE, or fail promptly to pay fulty any premium thc~efor, or in a~y respect fail to perform, d~scha.ge, exetute, effect, complete, tanply with and abide by this cwena~t, or anv part hereof, said MORT- GAGEE may place and pay for suth insurance or sny part thereof without wsiving or affetting any optio~, lien, eduity, or ?ight under or by ~~rtue of this Mortgage, and the full amou~t of each snd every suth psyment shsll bs immediately due and payable and shalf bear interest from the date thereof until paid at the rate of7~~Qp~}~}h[ per cent per snnum and together with suth interest s~all be setured by ti+e I~en of this mortgage. SeVeA and one-half 4. To permit, commit or wffe~ ~o waste, impairment or dete?ioration of said property o~ any part thereof. 5. It is fiereby specifically agreed that any sum or wms whith may be loancd or advanced by the Mortgagee to the Mortdagor at any time after the retording of this indenture, together with interest thereon at tF+e rate agreed upon at tF+e time of wth loan or advance, shall be ,...~i~,. <.....o.+ ~a..,a ~.~n.~r~ as t1,e oriainal indebtedness, and be wbiect to all the terms and provisions of this mortgage: Provided, that the aggregate amou~t of principal outsta~ding at any time shall not exteed an a:»o~u~t equal to one hundrea and f~ity per tent (1509b) of the principal amount originally seCUred hereby. • 6. To pay all and singular the costs, charges and expenses, ir+cluding a reaso~wble attwney's fee and costs of abstract of title in- currcd or paid at a~y time by sa~d MORTGAGEE because or in the evmt of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, diuharge, execute, effect, complete, comp!y with and abide by each a~d every the stipulations, agreements, conditions and covenants of said p?omissory note and this mortgage any or eithe~, and saidNt~~~~s i~pl~ ~9~R'~. each and every. shall be immediately due and payable; whether or ~ot there be ~otice, demand, sttempt 1 ~t ~}~~n StSa the full amount of eath and every wch payment shall bear interest from the date thereof until paid at the rate of~~E~~e~ tentum pe? annum; a~d all said costs, cha~ges and expenses so incurred o~ paid, togeiher with such ~~terest, shall be secur by the lien of this mortgage. 7. That ta) in the event of any b:each of this Matgage or default on the part of the MORTG/1GOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due a~d payable, without demand or notice, or lc) in the event each and everv the stipulations, argeeme~ts, conditions and tovenants of said promissory note and this mo~tgage any or either are not duly, prompfly and fully performecl, discharged, executed, effetted, tompleted tomplied with and abided by, then in either or any such event, the said aggregate sum mentioned in said promiuory note then remaining unpaid, with interest acc.ued, and aIl moneys secured hereby, shall become due and payable forthwith. or thereaRer, at the option of said MORTGAGEE, as fully and completely az if all of the said sums of money were originally stipulated to be paid on wci~ day, anything in said promissory note or in this Mortgage to the contrary not withstanding; and thereup~n or thereaher at the option of said MORTGAGEE, without ~otice or demand, s.~it at law or in equity, may be prosecuted as if all monies secured hereby hsd matured p?io~ to its institution. 9. That in the event that at tF~e beginning of o~ at any time pending any wit upan this Mortgage, or to foreclose it, x to refo*m it, or to e• force payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdittion thereof for the appointmrnt of a Retei~ ~r, such Court shalt forthwith appoint a Receiver, of said mortgaged property all and singular, including all and singular the intorne, p••~iits, issues and reve~ues from whatevcr source derived, each ar?d every of whith, it being expressly understood, is hereby mo~t• gage•! .r specifically set forth and described in the granting and habendum cbuses hereof, a~d wch Reteiver shall have all the broad ar~d tffo_rrve functions and powe?s in anywise entrusted by a Court to a ReCeiver, and suCh sppointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adeq~acy or inaclequacy of tF+e value of ths property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, incornes, iuuea and revenues shall be applied by wch Receiver according to the lien or equity of said MORTGAGEE and the prxtice of suth Court. 9. To duly, promptly and fully perform, discharge, execute. effect. comD~ete comply with and abide by exh and every the stipu- lations, agreements, conditions and covenants in said promizsory note and in this mortQaQe 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 tv10RTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGAGOR, deal with such successor o~ successors in inte~est with reference to this mortgage and the debt hereby secured in the same manner as with Mo?tgagor without in any way vitiating or disthargi~g the Mortgagor's liabiliy he~eunde~ or upon the debt hereby setured. No sale of the premises hereby morigaged and no fore- howrance m rhe earr of tF,e MORTGAGEE o. its wccessors or assiaru and no extensio~ of the time for fhe payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns. shal) operate to release. discharge, modify, change or ettect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. 11. It is specifically agreed that time is of the essenCe of this oontnCt and that no waiver M any obligation hereunder or of the obligation secured hereby shall at any time thereaher be held to be • waiver of the terms hereof or of the instrument setured hereby. $igned, Sealed and delivered in presence of: i i ~ - - - - - - - ISE/1U t _ - - - - . _ . _ . _ - _ - - - - (SEAU ' STATE OF FLORIDA ~ S5. : COUNTY OF _ _ - - . - - ~ ~ Before me personally appeared - - - - . and " his wife, to me well known. a own to me to be the individuals described in ~ and who executed the foregoing inst t, and acknowledged before me that they executed me for the purposes therein e~cpressed. „ WITNESS and official seal this , A D. 19 . ~ - . . - - - - daY of.--- - - - ~ - - - - ~ Notary Public in and for the State of Florida at Large. ~ My tommission expires: ~ - ~ n ~L. 10A ~ a ~ A ' r tO MENiARr fAMP ilt X' " - _ y Z °c flE . 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