HomeMy WebLinkAbout2017 ~a~cy w policies said MORTWIGF~ shall F+~w tM aption ro naiw and apply ttr s~m~ un atoount ot thi ind~badneu secursd nerebv or r^
permit said MORTGAGORS ro~eceiw and us~ it a~?y put th~hof fo? otF~ ~.poaa without tl+tnby waivin~ w impairin~ any squltY.
lien or Neh1 under or by vlrhit of Mis Mort~: +nd in th~ w~nt taid MORT~~I~RS ~II fa sny nason fail ro k~ep rhs s~id O~+isos
so inwrad. a fail to deliver pranptly any of s~id polkia of ieawano~ to sald MORTG/1GEE. or fail pron~ptiy to pay (u~h? s~W P~~?iwn ther~tw.
w in aM? respect fail to pafotnt, distFr?~e. uaCUt~. ~ffaf. oompltt~. comply with ard abid~ by this tov~nt. or uw put herwf, s~id MORT•
WGEE may placs and WY fo~ wd+ insurano~ o?any put tl+~hof without v~ivin~ or afhctin~ cWlon. I~en. eoulb. a ~~~ht und~r w btl
vi.tue of this Mwteage. snd tM iull snw~x~t of wch and ~wr1? a+d+ P~Y~+t ~11 bt in~diat~j? du~ and payabk a~d sh~ll bsa~ interost
from the date thereof until paid at tl+~ nt~ of 8.25 P~ c~nt pK anNrn and foptlw with wch inte~at sh~ll b~ secu~ed bY tM
tien of this mortgaee.
4. To pem~it, oomnit or wffer no Mipaine~t or d~tKio?ation of taid prop~rly or any W~t N+sroof.
S. It is hereby specificslly s~reed that u~y wm w wrm wldch m~y b~ losned or sdva+~ced the MortQagee to the Mort~a~w st any
time aher tF+e reco~ding of this indenturo, to`etMr with inttrost tMroon st ths rab ssroed upon at ths tims of wch loan or advance. shall be
equally secured with and have the same prioriy u the ori~insl ir~d~btedn~ss, and be subject to all the terms s.nd provisions of thts mortgage:
Provided. that the aggregate amount of principsl outstsndin~ at an~r ttme sh~ll not exo~sd an smount sqwl to one Fwndred snd Hfty per cent
(15096) of the principal amount ori~i~ally sewrod henby.
6. To pay all and singular the costs, thargas and expenses. inclu~n~ s re~sonabk a~n~y
's fee snd caats of abstnct of Htle in- j
curred o? paid at any time by said MORTG/1GEE betause ot in the•event of th~ failure on tMps irt of the said MORTWGOR to duly, promptly ~
and fully perform, discharge, racecute. effett. oon+plete, tomply with and aWd~ by e~th ~nd every the stipulations. agreements. conditiau
and covenants of said p~omissory note and this mortaage any w eith~r. and said ooats, cF+arges snd expei+ses, esch snd every. shal) be
immediately due and payable; whether o? ~ot them be notite. dernand. sttempf to colktt or wit pending; and the full amount of exh and
every wch payment shall boar interest from the date tfiereof unHl psid at ths ate of g 2S per oe~tun+ pe? smum; snd all said
costs. charges and expenses w incurred o? paid. toQethe? with wch ~nt~nst. shall b~ seamd by the lien of this mo~t~age.
7. That (a) i~ the event of any bresch of this Matgage or d~fault on the put of the MORTGI~?GOR. or fb) in the event amr of said
wms of ma~ey herein re(erred ta be not promptly snd fully paid within thirty l30) days next sfter the same severally become due and payable.
without demand or notice, or (c) in the event each snd everv the stioulations, s~eemcnts. ~tio~s and coverw~ts of said promissory note
and this mortgage any or eitF+er are not duly. p~omptly and fully performed. dsch~rged. executed. effected, compteted canplied with ard
abided by, then in either or any suth event, the said aggrcgafs sum rnlntioned in ssid promissory note then remsining unpaid, with interest
accrued. and allmo~eys secu~ed hereby. shall bec«ne due and payabls forthwith. or theresfter. at the optio~ of said MORTG/1GEE. as fully
and completely as if all of the said sums of money wero originally stipulatsd to be psid on wd~ day. anything in ssid promissory note w in
this Matgage to the cantrary not withstanding; and thereupon or tF+ereaft~ at the option of said MORTGAGEE. without notice or dertwnd.
wit at law or in equity, may be proaecuted as if all monies serurcd hereby hd mafurod prior to its institutio~.
8. Thst in the event tF+at at the beginning of or at any Hme pandtr~ ar~y wit upon this MortBage. or to forecbse it. o. to reforen ;
it, w to enforce payment of any claims herounder. ssid MORTGJIGEE shsll spply to the Court havin~ iu~i~ttion tharcof for the sppointrr~+t
of s Receive~. such Court shall forthwith appoint a Reoeiver. of ssid n~ortp~ed p?operty all snd singubr~ including all and singular the
income. profits, iswes and revenues from wfiatever source de~ived. each and evary of which. it being expressly ur~derstood, ts heroby mort-
gaged u if specifically set forth and dacribed in the g?anting snd haberd~xe tlwses hereof. and such Receiver shall have all the broad a~d
effective functiau and powers in a~ywise entnnted by s Court to s Reoeive?. snd wth appointment shall be made by wch Court as an -
admitted equity and a matter of absolute right to said MORTf;ACEE. and without roferenoe to the ~dequacy or insdequscy of the vatue of ths
property mortgaged or to the sohrenc~r or i~olvency of said MORTG/~GOR w the defa*~d~nts. and that such rents, profits. incanes, issuaa
and revenua shall be applied by wch Reoeiver accor~ng to the lien or puity of ssld MORTGAGEE and the pnctioe of wch Court.
9. To duly. PromPtty and fully perform. discFwrge. exawte. eff~ect. oompleM oon'+Ph~ with and abide by each snd every the stipu- }
latio~s, agreements. conditions and oovenants in sald pranissory note md in tNs mort~a~e set forth.
10. That in the event the ownership of the nartB~6ed Pran+ises. a+^Y Wrt thereof. bccar~es vested in a person other thsn tM
MORTGAGOR, the MORTGAGEE, its wccessors and assigns. maY. without notios to N~e MORTGAGOR. deal with wch suocessor or wocessors
in interest with reference to this mortgage and the debt hereby securcd in the s~me rrvnner ss with Mortgagor without in any way viHstin~ •
or dischargiog the Mortgsgors IisWlity here~a+der or upon the debt F?ereby sewrod. No sab of the premises hercbY mo~tBaBed and ra fore- ~
bearance on the part of the MORTGAGEE a its wccessas or assiens snd no extension of the time for the payment of the debt hereby securod
given by the MORTGAGEE or its wccessors o? sssigns„ shall opente to rols~se. dixhsrQe. nad'ify. change or effect the originsl liability of
the MORTGAGOR herein, either in whole or in part.
11. It is specifiplly agreed that time is of ths essenos of this oontntt snd that no waiver or sny obligstion hereunder or of ths
obtigation secured hereby shall at any time theresfter bs hsld to bs a wahrer of the terms heroof or of the instrument secured hereby.
.
SiQned. Sealed and delivered in presence of:
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. ' ' _ _ _ ' . ' ' "_"~SG/lV ~i
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" STATE OF FLORID/1 ) ~
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COUN7Y OF-------------------- - ___~_1 i
Before me persorwlly sppearod and j
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his wife. to ms well krw~wn. sn to me to be the individuals described in ~
and wFa executed the foregoing i , snd scknowledged before me that they exetuted e for the purposes therein expressed. ~
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WITNESS my snd officisl sesl this----------_-------. ---dsY of~~ A. D. 19----• '
Notary Publit in and for the State of Fbrida at Large.
My tomrnission expires: ~
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