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HomeMy WebLinkAbout2953 poi~cy or p;,;lc~es said MORTCAGEE stwil have the optio~ to receive and apply tne samo an account ot fhe indebtedness secured r~erebv or t~ ~erm~t sa~d MORTGA :U~S ro rece~ve and use it or any part thereof for other purposes without thereby wa~ving or impa~nng any equity. I~en or right unde~ cr by virtue oF this Morigage; and in the event said MORTG/1GORS sF+all to? any reason fail to kerp the said premises so inwred, or fa~l to dcli~ar p~~mptly any of said polities of i~wrants to said MORTG/1GEE, or fail promptly to pay fully any premium therefor, or in any respect fail to perform, d~scha?ge, exetute, effett, complete, eomply with and abide by this covenant, w anv part hereof, said MORT- GAGEE may place and pay for suth insu~ance o? any part thereof without waiving w affetting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amou~t of each and every suth payment shal) be irt?mediately due and payable and shall bear inte~sst from the date therr.vf until paid at the rate of ~S per cent per annum and together with wch interest shall be secured by tne I~en of this mortgage. 4. To permit, commit o. wffer no waste, impairment o? deteri~ration of said propery or any part thereof. 5. It is hereby speai~cally agreed that any sum or wms which may be loaned w advanted by the Mortgagee to the Mortgagor at any rime after the recording of this indenture, together with interest thereon at the rate agreed upon at the time of wch loan or advance, shall be equaUy secured with and have the same priority as the original indebtednesi, and be subjeCt to all the terms and provisions of this mortgage: P~uvided, th~t the agg?egate amount of principal outstanding sf a~y time shall not exteed an amount equal to one hundred and fifty per cent (15096) of the principaf amount originally setured hereby. b. To pay all and s~ngular the costs, charges and expenses, including a reasorwble attomey's fee and costs of abstract of title i~- curred or paid at : ny time by sa~d ~I:ORTGAGEE bccause or in the event of the failure on the part of the said MORTGAGOR to duty, promptly and fully perform, dixharge, execute, effect, complete, tomply with and abide by each and every the stipulations, agreements, co~ditions and covenants of said promissory note and this mortgage any or eithe~, and said tosts. tharges and expenses, eath and every, shall be immediatzty due and payable; whether or ~ot there be notice, demand. attempt to tollect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof untit paid at the rate of 7~]S per centum per annum; and all said costs, tharges and expe~ses so incurred er paid, together with wth ~nterest. shal) be secu~ed by the lien of fhis mortgage. 7. That (a) in the event of any breach of this Mortgage or default on tF+e part of the MORTG/1GOR, or (b) i~ the eve~t any of said sums of money herein referred t~ be ~ot promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) 7n the event each and everv the stinulations, argeements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, diuharged, executed, effected, completed complied with and abided by, then in either o? any sucti event, the said aggregate wm mentioned in said promissory note then remaini~g unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith. or thereafter, at the eption of said MORTGAGEE, as futly and comptetely 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 contrary not withstanding; and thereup~ or thereaher at the option of said MORTGAGEE. without notice or demand, suit at law or in equity, may be prosecuted as if all monies secured hereb~r had rt?atured prior to its institution. 8. That in the event that at the beginni~g of or at any time pending any wit upon this Mortgage, or to foreclose it, or to refom~ it, or to e~force payment of a~y claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction tF+ereof for the appointmenf of a Reteiver, such Court shall forthwith appoini a Receiver, of said mortgaged propetty all and singular, intluding all ~ and singular the income, profits, issues and revenues from whatevcr source derived, each and every of which, it being expressly understood, is hereby mort- gaged as if specifically set forth and described in the granting and haber+dum tlauses hereof, and such Receiver shall have all tF+e broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and suth appointment shall be made by such Court as an admitted equity a~d a matter of absolute right to said MORTG/~GEE, and without refere~ce to the adequacy or inadequacy of the value of the property mortgaged or ro the solvency or i~solvency of said MORTGAGOR or the defendanh, and that such rents, profits, incomes, iswp and revenues shall be applied by wch Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 9. To duly, promptly and futly perform, discharge, execute. effett, tomplete comply with and abide by each and every the stipu- latiwu, agreements, conditions and covenants in said p?omissory note and in this mortQaYe set tortfi. 10. That in the event the ownership of the r»ortgaged premises, or amr part the?eof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its sutcessors and assigr?s, rt?ay, without notice to the MORTGAGOR, deal with such sutcessor or wccessors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or distharging the Mo~tgago?'s liability herew~der or upon the debt hereby setured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE M its succeuors or assigns and no extensio~ of the time for the paymenf of the debt hereby setured given by the MORTGAGEE or its sutcesson or assigns. shall operate to release. discharge, nwdify, change or effett the original liabiliry of the WSORTGAGOR herein, either in whole or in part. 11. It is specifically agreed that time is of the eiserxe of this oontrxt and that no waiver or any obligation hereunder or of the obiigation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrurt~ent setured hereby. Signed, Sealed and delivered in.presence ot: ' - - - - - - _ ISEAU F ` f _ _ - - - - - . _ ($f~V ~ STATE OF FLORfDA ~ COUNTY OF _ SS. ~ _ _ _ . _ - ~ Before me personall a _ - - Y PPeared - - - - - - - - - and r _ - _ . - _ - his wife. to me well known. known to me to be the individuals desc.ibed in ~ and who exetuted the foregoing instrum , and acknowledged before me that they execut same for the purposes therein expressed. 3 ~ W ITNESS ~ my ha official seal this - - - - day of---- . A D. 19 • ~ g < - - ~ Notary Public in and for the State of Florida at Large. My tommiuion expires: ~ z W ~ ~ l Qry A ; 1 h"~ :i 1"il i ~j O w ; w V - Y " ~ Zaz ~ e A i j ~ o ~ ° = o v ' ~ ' 1~ ' C~ ' u~.~ ~ [x J _ ( ~a' _ O azZ Q; ~a~ ~ I ~ _ L~l i V w~ at ~ V Q o~' W E,, E a0 C' J ~ ~Zo A ~ O < ~ ~ ~ ~ 0 R ~ > ~ BooK210 P~~f2950 • ~ ~ - _ , ~ k~ . ~ h",i . _ ~ .,r . ~ . ' ~ ~ ~ w ' ~ -=.i . _ _ . .a,. : . , _ ~ .w* ~:`.~,''`s.~~r'