The URL can be used to link to this page

Home My WebLink About2853 ~w~~cy w po~~cies s.?id MORTCAGEE sh~ll have the option to reteive and ap(~.y tne ssms un stcar~t ot tM i~~debtedness secured ?+erebv o~ permit sa~d MORTGA~RS ro recave and use it or ~ny put theroot for othe~ purposes without thereby waivin` w impii.in~ any e4uiW I~en w riRht unJer w by virtue ot this Mort~see; u~d in tF» event said MORTG/1CAR5 shill fo• any resson fsil to Leep tF+e said prern~ses so inwred. or fa~1 ro de~ive~ p~omptly any of said policies of inw~ancs to said MORTGAGEE. or fail prompty to pay fudy any premium tt+eretw~ o~ in any respett tail !o perform, diuharQe, excCUte. effett, complete. cornply with and abFde by this coven~nt, or snv part he~eof, said MORT• GAGEE may place and pay fw wch i~wrsr+ce or s~y put thereof without v~sivin` or affectin` sny optioo. lie~. equity. or ri~ht unde~ w by virtue of th~s Mortgage, and the full amou~t of aach and every suth psyn~t sh~ll M immsdiately due and payabl~ and shall bear interest from the date thereof until paid at the ~ste of per cent pa s~xwen and to~ether with such ir~terest shall be secu~ed by tM I~en of th;s mortgage. seven and one-quarter s. To pe?mit. commit or wffer no wut~. ir~ps~mient w deteriwstia~ of s~id property or sny ps~t the~eof. S. It is hereby speci(ically agreed that any sum or wms which may be loaned or advanced~y the MortQagee to the Mort`a~w at any rime afte~ the recording of this indenture, together with intetest theroon at the rste agreed upon at the time of wth Iwn or sdvance. sha~~ be equa~ly secu.ed with and F+ave the ume prioriry ss the wiginal inde0tedness. and be wbjecf to atl the te~ms a~d p.ovisions of this matgage: Prwided, that the aggregate amount of principat outstandine at any time shall not exceed sn amax~t pwl to one Fwndred and fift~r per c~nt (150~+) of the p~irttipa) amount aiginally secured hereby. 6. To pay all and singular the cosrs, charges snd expenses, i~cl~rt::*~ s roasonabk attor~ey s fee snd ccsts of abstract of title tn- curred or paid at any timr by sa~d MORTC.AGEE because or in the evc.+t ==i failuro on the part of the said MORTG/1GOR to du~Y. P~~+D~~Y and !utfy perf~xm, dixharge, execute, effect, complete, tomply with ai~ ~u ids by each and every the stipulations, ag~tements, tonditioM and covenants of said promissory note and this mo~tgage any or eith~~ ..d said tosts. charges and expenses, each and every. shall be immedia!ely duz a~d payable; w!ztF+er or not there be ootice, demand. sttempt to collett or wit pendi~ tl~,~ll,;p~u_r~~~~~e~~ every wch payment shall bea~ interest from the date therec~f until paid at tM rate of r t~~~r`iliiKu~; costs, charges and expenses so incurred or paid, together with uxh mterest. shall be setured by tM lian of this mo.t~aga 7. That (a) in the event of any b~each of this Mortgage or defsult on the part of the MORTGAGOR, or (b) io the event any of said wms of mw~ey herein re(erred t~ he not promptly and fully paid within thirty (30) days next sfter the same severally betome due and payable. without demand or notice, or (c1 in 1he eve~t each and everv the stioulations, argeeme~ts, to~ditiorn a~d Coverwnts of said promiuory note and this rtwrtgage any or either are not duly, promptly and fuily performed. fiiscF+arged. exetuted. effected, cwnpleted complied with and abided by, the~ in either w any such event, the said aggregate wm mentia~cd in said pramissory note then remaining unpaid, v~tith inttrest accnxd, and all moneys s^.cured hereby, shall become due ar?d payable iwthwith. or thereaher. st the option of said MORTC/1GEE, ss futly and tompletely as if all of thc said wms of money were originally stipulated to be paid on suth day, ar?ything in said promissory note o? in this Mortgage ro the contrary not withstanding; and thereupon o? thereaker at the option of said MORTGAGEE. without notice or demand. s~:it at law or in equity, msy '.e prosecuted as if all monies secvred hereby hsd mahued prio? to its institutwn. R. That in the event that at the begiming of or st s~y time pen~in~ any wit upa~ this Mortgage. or to foretlose it. ~x to rehtin it, or to e• force payment of any claims hereu.~der. said MORTG/1GEE shall s~~ly to the Court having jurisdiction thereof x the appoi~tment of s Recei~ wch Court shaD fonhwith appoint a Receiver. of said mort~a~ed property all and singu~s~. ic+clufiin6 all and singular the income, F•• iits. iswes and revenues fr~T whatevcr souru derived, eath snd every of whith, it being expreuly understood. is hereby mwt- gage•! .r specifically set ferth and described in tF+e gronting and habe~tdum clauses heraof. ard wch Receiver shall Fave all the broad and eff~_nve functions and powers in anywise entnnted by a Court to a Reteiver. snd wch sppoint~r~ent shall be msde by such Caurt as an admitted equity and a matter of absolute right to said MORTG/1GEE, and without roferente to the sckt~wq or inadequaq of the value of the ~.roperty mwtgaged or ro the solvency or insolvency of said MORTG/1GOR or the defendants, ar+d that wch rents. profits, incomes, issuea and revenues shall be applied by wch Receiver xco~ding to the lim or equiy of said MORTGAGEE snd the prsctice of wth Court. 9. To duly, p+on+pNy and fulty perform, dscharge. execute. effect, complete oomply with and abide by each and every the sNpu- lat~ons, agreements, conditio~s and covenants in said promissory note and in this motteaQe set forth. 10. That in the ever+t the ownership of the mwtgaged premises. or ury part 4henwf, becomes vested in a pe~son oiher than the MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notite to tlx MURTGAGOR. deal with wch successor or successors in interest with reference ro this mortgage and the debt hereby setured in the sa~ne manner u with Morigagor without in any way vitiatinQ er distharging tF+e Mortgagor's liability hereunde~ or upon the debt hereby sccured No ssk of ihe p.emises hereby mor?gaged and no fore- bearance on rhe part of the MORTGAGEE c+. its wccessors or assigns and no e;tension of the time for the payment of the debt hereby secured given by the MORTGAGEE c+r its succezsors w assigns. shsll apente to r~elesse. dscharge. rnodify. change or effett the original liability of the I~IORTGAGOR herein, either in wiwle or in part. 11. It is specificaly agreed that time is of the essenoe of fhis oontnct snd that no waiver or any obligation F~eretu~der or of ths obligation s^cured hereby shall at sny time thereafter be held to be a waiver of the terms hereof or of the instrument setured hercby. IN ~~/ITNESS WHEREOF, the said MORTC/?GOFc has hereunro set his hand and seal the day and yesr first aforesaid ~ Signed, Sealed and delivered in presence of: - - / ~ - - - - - - - - ~ . - - - . . _ ~S~„~ ST/1TE OF FLORID/1 ) } S5. COUNTY OF--- - . ~ ~ Before me personally appeared- - ard ~ his wife, to me well known. w me to be the individuals described in anc~ wF+o executed the foregang inst , and acknowledged befwe me that they executed the for the purposes therein eupressed 4 ~ WITNESS rny 1y~d'a~al seal this . - day °f--------------------.---------- ~ /l D. 19------ • ~ - - - _ Notary Vubtit in and fo? the State of Florida at Large. ~ My comtniuian expires: - / ' - - - - - - W ~ a A ~ ~ ~ ~ . d w ~n z ~ ~ ~ W i ~ o ~ ~ Za= ~ o ~ ; >og z a x o ~ w i I~a> H ~~w ~ ~ ^a ~ TM ' ~ ~za~ V 0 a z V~ a ~ ~ E" ~azd ~ .o e ~ A~ Z W E,,,, ~ 03 ~ : c,,~Zc d o N ' A ~L x 21i 285i ~ . x O ^ . y~ ~ ~ • • ~ • Q~ ~ • ji M1 ` _ 4~"+• ..Y'+._ y,' 4 .z,~+`~7a. y ..~a ~ 1 a - a~ . .:kr ~ ' ~,`F- ~ - ~ ~r.,~.a.~ _ ° a~ _ } s ~ _