HomeMy WebLinkAbout2412 PaKY o~ politi~s ssid MORTC•I1CrEE sh~ll haw th~ cWion M hCMw ~eb apply trM swrM un socount of tM ind~bbdnass setured nehbv or
pKmit sa+d MORTGI~GORS to rece~w and uW it a any put M+Kwf fa oth~r po~~ witMut Hw~bY wa'~"'~ '^'a""'~ +^1? ~M'
lisn a ri~ht w~r a by virtw of this Mort~ap: and In th~ ~r~nf ald MORT~J4GORS ~II fa arqr rwson fail w kMp tht s~id promisos
so ie?wnd. a fail ro dsliver p~omptly any of wid poNcNt of Imwsr~p to isfd MORTGAGE a fail p~omptly to p~y fu~h~ +~1? D~~i~+^~ ~~fO'•
a in ar?y ~~spect fail to pe~fan~. disch~~. sx~a+t~. tfhct. oomplN~• ~a~p~Y wiM and ~ by this covw+~+t. or anv W~ Fweof. s~W MORT•
GI~GEE m~Y P~ +~+d WY for wch insunnCt Or~r~? pi~t tlwnof wifhouf waivM~ or ~~ae~? cMian. li~n, puiry. a ri~ht w~d~r or bY
virtut of this Morttai~. and tM full snw~~nt of Mth~t~d ~wry wC}~ P~ ~II b~ tNy dw and piysbb and shall b~+r inttrest _
i.an tht dat~ tF+treof until pald st th~ qt~ of 7• 7 rJ VK c~nt pK arMwm and toptM~ wkh wth inte~est shall b~ sttured by ti»
lien of this.n'~Ort~a~. .
4. To permit. oar+mit o. wH~. ~o w~st~. inpNmwnt or d~tKiontion of said propKly a sny pat tF~eof.
S. It is hereby specitically sgreed tl+st any sum a sums ~w1+kh msy b~ br~sd w advanced b~r the Matta~ee to the Mo.tp~o? st snp
tinw ahe? the reoordin~ of thi: indenture~ toNtlwr with intertst thshon at th~ nb ~~~eed upa~ st tln Nn+~ of wth ban or sdvarx~. sh~ll be
e~liy secu~ed with and 1+~vs tl+~ same prior~b as th~ oridnd indebtedrw~„ and bt wbiect to sll the tenns and provisions of this mort~a~e:
Psanrld~d, thst the aggrt~st~ anwwtt of printipsi outshndin~ at any tim~ ~Ii not ~xp~d an anwunt pusl to on~ hundred snd itfh? Per ca+t
(150~) of ths princip0l smount ai`inslly secund hK~by.
6. To pay all snd singular the costs. chsrQes and expenses. U+cludln~ a nasor~sbl~ a~~y
's he snd tosts of abstnct of Ntk in-
curred or paid at any time by said MORTGAGEE bccause or in tM wo~t of th~ hihu~ on thtps rt of the said MORTGIICAR to duly. pranptly
arrd fully perform, discharQe. execute. eifett, complete. cornply with and ~Md~ by ~sch and tvery ths ;tipubtions. agreements. conditions
and tovenants of ssid pranissory note and this ~nort~s~e any or eith~r snd s~id oosts, char~es and exper?ses. esd~ snd ewry. sti~~ be
immediately due a~d parabk: whether o. not there be notiu. dsman~. attarpt fo oollect or wit~i n~: snd the futl amau+t of esch and
every wch psyment shall besr interest f?an the dste theraof until psid at tM rata of 7.75 De? oa+hxn Pe* snr+~~+: ~+d all said
costs, tharQes and expenses so incurred w paid, to~ether with wch ~nHnst. shsll b~ sewred by ths lien of tNs mort~st~.
7. That Is) tn the event of any lxesch of thls Mortgsge or dthuk on t1wpa rt of tM MORTGAC'~OR. or (b) I~ the event sny of said
wrm of money F?erein reterred to be not promptly snd fully paid within thirty (30) days next aher ths ssme sevenlly becoene dw and paYable•
without dem~nd o. notice. or (cl in tF+e event each snd even the stioulations„ sr~~sments. conditions and coven~nts of sald prornissory note
and this morteage any or either sre not duly. promptly snd fully performd. dischar~ed, exeaited. effected. oompkted tanplled with snd
abidsd by. then in eill+er w any such trven!. the said a~6regab sum m~nNonad fn said promissory note tF~en remainin~ u~psfd. with intenst
accnied. and allnwr+eys secu~ed hereby, shall beeorne dus and WYabl~ f~orthwith. or theroafter. at ths optian of s~id MORTGI?GEE. ss fully
snd tompktely as if sll of the said wms of money were originslly stipulated to b~ psid on wth dty. snythtn~ in ssid promissory nots or i~
thls Mort~sge ro ths oontnry not withstsndin~; snd thersupon or ther~sk~r at th~ optbn of said MORTGAC,EE. without notice or demand.
wit st law or in equity. msy be p~oaecuted as if all rt~o~les setured henb~? Md matured Prio? to It: Institution.
8. Th~fi in the went thst at the beginnins of o? st sny Hm~ p~ndi sny sult upa+ this Mortp~e. or to foretlose it. or ro mio?en
it, w to enforce psyrr+ent of s~y tlaims hereunder, ssid MORTGAGEE shall app~y t~o th~ Court hsvin` ~uris~ctlon thsrcof for tF+e sppolntrr~cnt
of a R~ceiver, such Court shal~ fathwith appoint s Receiver. of ssW mortpNd ProPerfY all and sin~ulsr. includin~ sll snd sin~ulsr the
inoome~ profits, issues and rcvenues from whatever source derived, each snd every of ~whlcl+. tt bdr~ expressly w+dentood. is hereby mort
e,fhttive ~funttia~s snd powe~ n snywise entrust by s~Court to a R~ver~ and wch aPPa~ Mmant sFyll be made_ by wd+ Coubroad ud
•dmitted equity snd s matter of sbsolute ri~ht ro said MORTGACEE. snd without rtferer~u to th~ adsqwcl? or insde4uacY of ths vslue of ths
ard
e~vaeues s~hdl~
be spplied by w~d~
Receiver s wrdir~ to ths lenl
Tor equity of satd MORT
~GA('iEE and ths pnct
e~
s
h C.ourt. issws
9. To duly. Pron+Ptly ~nd fully perform. discha~e. exeoW~. ~ff~ct. oomP~ ~+Ph with ud sbids by ~ach snd ewry th~ sNPu-
lations. s~reements. ca~ditia~s snd tavensnts M sald P~~Y rate and (n this mort~slh set fo~tk
10. That in the event the ownership of tht nwrtta~ed Premises. o? anY Wrt tF~ersof. becomes vested in a Pe~ ~ thsn the
MORTGAGOR. the MORTGAGEE. its wccessors snd assi~ns. m~y. wlthout ratia to ths MORTGAGOR. deal with wch waessor o? wocasso~s _
in interest with reference to this mort~a~ snd the debt henby setured tn ths ~art~s manner as wlth MortB+Ba without in sny way vitisHn~
or disd+~r~ing tM Mattato?'s Ii~Wliy ht?wnd~r w upon the d~bt Mt~b'Y s~wrod. No ssk of th~ pramises hereby mort~s~ed snd no fora
bearance on rhe psrt of ths MORTCAGEE o? tts suoc~ors or asstpu and no ~ctension of tl» time for tF+e payrnent of the debt hereby secured
given by the MORTG/1CEE or its wocessors or assip~s„ ~II opsnt~ to rtbss~, disd+sne. mo~fy. chan~s a' ~fhct the oritlinsl lisblltty of
the MORTG/1GOR herein. ~ither in wholt or in ps~t. .
11. It is speciHqlly a~~ecd thst Nrn~ ls of th~ ~sseno~ of thb oontrsct and that rp w~Fyer or sny obliytion 1~ereunder or of th~
obli~ation secured heroby sh~ll at any Nme tFwroaher b~ htld M b~ a waivtr of th~ tem~s hereof or of thi instrthnent s~wred hereby.
, , . . ,
i 5(O~ed. Sealad and deliverod in presa~ of: . . ~
~ '
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(SE/?U
- - - - - - ---(SEAU
STATE OF FLORID/1
~
GOUNTY OF--------------------- -
Before me personsl~Y aPPear~d ~^d
hls wife~ to me vwll kn nd known to me to be tlie individwls described in
and who executsd the foreQoin~ i t, and scknowlad;ed befon nw that they the ssrne for the purposes therein exprcssed.
WITNESS snd official ~al this ----daY of____------------------------ ~ /1. ~ D. 19----- -
. - Nohry PubHt in snd for the ShM oi Florida sf -
My corr+rrdssion exptres:
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