HomeMy WebLinkAbout0003 ~ ~bstract & Title C~;rp, of Flo~id~
~oucy o. p~:;~c~es s.~~d (~4GATGAG~E t`vi) luw the aDtion ro~sceive and spply fne ume cx~ acca:nt tfie inAcbte6~~r~ s.:~~rcn nCrt!bv w tn
permit sa~d M~~2TGJ1:AR5 to ~ece=.e u+d use it or +ny put t?+eroof ior•athe~ purposes witi~„~.: thereby wair6^g w impa~nn6 eV~~tY.
I~en o~ r~ghr •-de~ o. b? ~~:rue of ~h+s 1+1ort~s: snd in the ~ve~t s~id MORTW1Gf~RS r:alt iw any resson fail to keep the said p~cmises
so ~ns;~a.i, o ~a~1 co ~~:.a a.omptlv ar+Y of said poli~ies of ~r?;~~r~nc~ to said MORTG~IGEE, w fail acomptly M pay fully any p~emium thcreto~,
or in any ~espect fa~1 to pert_rirt, d~+char~e, ~uecute, effect, compl:!~, cwnpiy with and abit~ by tlus C..venant, o? a~r Da~: ~reof, ae~d MORT•
GAGEE m:/ p:ate and pay fw s~.tti intu~ani.d or s~y patt thertvt withouf waivi~= or affectina any option, lien. epuity. w right under or by
virt~e af rh~: Mo~te~ra, and tF+e full amax~t of eacA and ev~ry wch O~Ymsn~ sti~~ b! ~mmed~~~efy due u~d Ny:ble a~d shall bea? ~~<«est
~ from the date thcr.wf ~x~til paid at tht nte ot 7~ 75 pe~ tent p~r snnum and to~ether with such interest shall be secured b~ tne
lien of this mc+~t~age.
4, To purt~t, conv.dt o. wffe~ ro ~vsste. impsirment or dete?ioration of said propprty or ~nr put the~eof.
S. It is hereby spe.itica~ly as~eed that any sum o+ sunns whith may bo baned w adrartct~' `.:y t4r_ Mcctgagee to the Mo.tqago~ at a~y
time after the ree~~d~ng oi this ind~e~tu~e. ioaethr+ vrith interest tl+erran st the ~ate agreed upoc+ at ~f+e tim- ~f wch loan o. aci+ance, shall be
eyua+ly secured with ar+d h:ve the same pnaity ss the origi-wl irrleCtedness, and be wbject to a~~ the terms and provisians of th~s rtx~rig:,ge:
Prov+ded, that the aseregatz a~-+t of principat outstanoin~ si sny time shall not exceed an artwunt equal to one hundred and fifty ,:er ce~t
(15096) of the prin:.ip~l amc;~nt oriein~lly ten:red hlrzby. .
6. To pay aIl and s~ngular the costs, charges and expenses, ircfu~ing s reasonable attomey's fee and c~sts of abstract of title in-
curred or paid at ~nv time by s..~d A!.RTGNG£E bcc~use or in tF+e rvenf of the failura on the pari of the said M.ORTGAGOR to du!y, prompt~y
arW fully perf~um, d~schsrse. exetute. e(fecr, tanplete, comply witb and sbide by eaCh ar.d every the stipulationi. agreements, ce.~di:ions
and covenants of sa~d prom~ssory r?ore ar+d this mwtgage any o~ either~ srd said tosts, charges and ezpenses. each and every, stw~~ ~e
~mmrd~ately eiue and payable: whethe~ o. not there be poticr, demand, attempt to collect~r~u it pending: and the full amn~M+t of each and
every usth payment s?uil bear intcrest from the date thereof until paid at the rate of /S per centum per annum; an.-1 a!1 said
costs, charges and expmses so ~~curred o~ aaid. roget~er with wch ~nterest. shall be secu~ed bY the lien of this mortgage.
7. 7hat iw1 ;n the nent o'. any breach of this Mvrtsage or default o~ the part of tF?e MORTG/~GOR, or tb) in ~ne event any of said
sums of moncy hcre~n rrfer~ed w be ~ot ~r~.,~ptly and fut~y paid ~'h:n thi~ty (3Q' Va~~ r.~xt ak=r !he same cevera~~Y become due ~+d PaYable.
withaut de:nafld C~ MtKl, w tc.' in tht cvC:~t C.~Ch and evtrv tFtC S~~~uiotiO~~i~ argeen+ents, cw~ditio~s and covenaRts of said ~~~~^~~sarv note
and this mortgage any o. e~tt•zr are not duty. p.on?Ptiy and fully pecformed, dscfwrged, PaceCUted, effetted, comp~eted complied wEth and
abided by, then in c~tt+e~ w~.+;• such event, tht said aggregate sum ~+^tntioned in said promiswry note then remaining u~paid, with interest
accrued, and aIl moneys ucured hereby, sF+all become due a~d pays5le fwthwith, or thereafter, at the option of said MORTGAGEE, as fufly
and completel~ as if ail of t!x- ss+d sums of mc,~~ey wcre originally stipulated to be paid on suCh day, anvthing in said promissory note or in
this Matgage to the cc+ntrary ~+ot w~thsa~i~g; and thereupon or thereaRer at the option o4 said MORTGAGEE, without notice or demand,
suit at law or in equih,. may bc pr~scCutCd as if e:l nqnies sttu~ed hercby had matured p?iOr to ifs instifutio~.
8. That in tF+e event that at the beg~ro+ing of w at any time pending any wit upon this Mo?tBage, or to foreclose it, or !o retasrn
~t, o? to eniwce yayment of any claims F+ereu.:drr, said NIORTGAGEE shall apply to the Court having iurisdiction thereof tor the appointma+t
of a Receive:, z::ch Cou.t s?~all fwthwith appoint a Receive~, of said matgaged property all a.~+d ~ingul:r, irscluding al! and s~nguiar the
ir~come. profits. iswrs and revenues from whatevcr source derived. each snd every of which, it being acpressty understood. is hereby mwt-
gaged as if spetifiqllY set fwt!~ a--' dntribed in the granting and habendum tlauses hereof, a~d wCh Receivcr srcaii ha.re :f! tt~e Er:sd and
effective functiors snd pc>wsrs tn anywise entr~sted by a Court to a Receiver, and such sppointment s~.~ll be ma:le Ly such Court as an
admilted equ~ty ar~d a rrattrr ot abs;:s~t. -+ghr ta said ~:ORTC/IGEE, a:c~ vriitsat+t referente b thr adeGuasY Qr is~adeQ+eacY af the value ef thr
propeny mortgaged w to the solvency or insolvemy of said MORTGACAR o? the defendants, and tkst such renn, profits, incomes, issuea
and revenues shall be appGed by wch Receiver stcurding w the lien or equiry of said MdRTGAGEE and the practice of wch Court.
9. To duly, promptly ~nd iully perform, d~uharge, execute. effect, con+plete comply w+th arsd abide by each and every the stipu-
~ations, agrecme~ts. ca?d~ti:;r~s and tovenants in said promissory rwte and in this mwtQaQe set forth
10. That in the e.rcnt the wanership of she mwtgage.~3 ~e~nises, or a~y p3rt thereof, becwr+es vested in a per:on other than the
MORTGAGOR, tF+e M~tTGACEE. itz wccessors and sssigru, may. without notita to ~~x MORTGAGOR. deal with sucl~ s:r_ceuor or successors
+n interesr with reference tu ti,is m:xtgage as+d the debt heredy securcd in the se+ae n+an^e* as nnth hlortgagor w:s~~out i~ any way viY~a:in4
or disc~.arg~ng the Mertesaor's lisbilit~r hereundar or upon the debt hereby secured. No sale of the r.emises hereby mortgaged and no f~re-
bea~ar~e e.t !a,e part et the MORTCACEE n. its successors or assigns an~'? r+o extension of t1+e time for the payment of the debt hr:reby secu*ed
g+ven by the MOkTGJ1GfE or its successor, ar sssigns, shall ape~ste to relesse, discharge. nwdify. thange or effett tht original iiability of
tir_ ~tORTiJ1GOR hf:~;in, eit?,r~ in wh~le or in psrt.
11. t~ sMc:?~cs~??- sgreed t?ut time a of ths esse~oe of thic cantnet and that no waiver or any obligation hereunder or of the
o,!~gati~n sCturt~i lxreby shatl at any t~mr tF~ereafta ba held to bs ~ wsi.e+ of the terms hereof or of the instru:ae^t secured hereby.
~ Si~ned. Seafed snd delivtred in pteser?a of:
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his wiEe. to me well krwv?n. a own to mP ;:a irxlivi~.~als dex~ibed in
and w1w excct,ted tt,e fore~o;n~ i t, snd xkrwwledged before me thar thry zxecuted t me fa the pu~p~xes therein expressed_
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~ WITNESS ard off:w~ swt this - - - - d+Y of---- - - - - - - . A D. 19 -
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~ Noary "ruofic in and for t~-~ State of ~iorida at Large.
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