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Home My WebLink About2572 ooiicy w po~icies said MORTG/1GEE sh~11 haw th~ option to hceiw ind ~pp1y tne sam~ un account ot th~ i~+debtednass secured nenbv or permit sa~d MORTGAGORS to .eceive and us~ it or u+y pa~t thenof fa otM~ ~u?pos~s without the~eby waivin~ ot impsi~in~ ~ny equity. i~en w tight u~?der a by vi~fw of this Morf~s~e; ~nd in th~ ~vent said MORT~i/1GORS shtll (w any ~eason fall to keep tM said p~e~n+isos so inwred, or fail to cklive~ promptly ~ny of ssid polki~s of inwnno~ to sstd MORTGAGEE, or fail promptly w pay fully u?y pren+iw++ ther~fo?. or in any respect fail to pe~fam, discha.Qe. exscute, effect. campbf~. comply with and abld~ by this covenant. a anv w~ ~~~f. MORT GAGEE may plxe and psy for such insurana a anr psK N+srouf without vwivin` w affectin opNon. liae~. eQulty. w ri~ht w~d~r o? bY virtue of this Mortgage. and tM full smount of each snd ~wry? a+d+ P~Y~~~ ~~te Wrib~ ~^d ~r interesf froen the date thereof until patd st tt+t rsro of 7 75 D~ c~nt pK anrnxn snd to~ether with wch interest sh~ll bs secured bY th~ lien of thls mortgage. ~ 4. To pennit. tommit w wffer no waste. Intpairmtnt or deterioation of s~id property or any pirt thereof. S. It is F+ereby specifica~ly agreed tF+~t sny wm o? wms whlch may bs ~o+ned w advanced~y the Mortgagee to the Mortgagor at any time afte~ the reoording of this indenture. together with interest the~eon st tF+s nte s~reed upon at tl+e Hme of wch loan or sdvance. sha~~ be equatly secured with and have fhe same priwly ss ths ori~inal indebtedness„ snd be wbject to sll the terrtu and provisions of this matgage: Provided, that the aggregate anwunt of principal outstandins at any tlms shall not exceed sn sma~nt eqwl b one hundred and flfty peLCent t150~) of the principal amount originally seturod Mreby. 6. To pay all and singular the costs, cha?ges and expenses, intlu~ns a ressonable attanry's fee snd costs of abstrsct of Ntle in- curred or paid at any time by said MORTGAGEE because or in the event of ths fsilure o~ the psrt of the said MORTG/?GOR to duly, promptty and fully perform, discha~ge, execute, effect. complete, comply with and abide by each snd every ths stipubtions. agreements, conditions and covenants of said promissory note and this mwtgage any or either, and said oosts. charges ~nd expe~ses. exh and every, shall be immediately due and payable; whether or not there be notice, demand. sttarnpt to aollect or wit pending; and the full amour+t of exh and every such payment shall bear inte~est from the date thereof until psid st ths rate of 7.75 ~ centum pe? smum; snd all said . costs, cha~ges and expenses so incurred or paid. togethe? with wch ~nterat, shall be setured by the lien of this mortQage. 7. That (a) in the e~rent of any breach of this Mortgage or dehult o~ the part of the MORTGAGOR, or tb) in the event any of said sums of money herei~ re(erred ta be ~ot promptly and fully paid within thirty (30) days next sfte~ the same sevenlly become due and payable. without demand or notice, or (c) in tF+e event eath and eve~v the stioubtlorts. srgeerne~ts. tonditions snd tovenants of said promissory note and this mortgage a~y or either are not duly, prompNy snd futly performed, discharged. executcd, effetted, tanpleted camplied with and abided by, then in either o. any wch event, the said agg~egate wm mef?tioned in said promissory note then ?emaining unpaW. with interest accrued, and all r»oneys secured hereby, shall become due and payable fathwith. o? thereaher. at the option of said MOFETG/1GEE. u fully and completely as if all of the said sums of money were originally stipulsted to be psid on such day. snything io said promiuory note w in this Mortgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notite w demand. suit st law w in equity, may be proaecuted as if all rrar?ies setured F~eby hd matured prior to its irutifution. 8. That in the event that at the beginning of or at sny time pending my wit upon this Mortgage. or to ioretlose it. or 1o reforrn it, or to enforce payment of any claims hereunder. said MORTGAGEE shall spply to the Court having juri~ction thereof for the appointma+t of a Reteiver. wch Court _shall forthwith appoint a Receive?. of said nartgaged prope?y sll snd singulsr, intluding all and singula~ the intome. profits. is.wes and revenues from whatever sou~ce derived. wch snd every of whith, it being expressly understood. is hereby mat. gaged as if specifiwlly set forth and desc?ibed in the graoting and habendum cbuses hereof. and s~ch Reteiver sF+all have all the broad and effective functiau and powers in anywise entrusted by a Court ro a Receiver. and wch sppointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without roference to the sdequacy or in~depuac~? of the value of tM property mortgaged or w the solvency or insolvency of said MORTGACAR or the deferdants, snd that wd~ rents. profits, incomes. issue~ and revenues shall be applied by wch Receiver socording ro the I'~en or equity of said MORTGAGEE snd the pnctioe of wch Court. 9. To cluy. Promptly and fully perform, discha~ge. execute. effect. eomplete canply with and abida by each and every the stipu- lations. agreements. co~ditions and covenants in said pramissory note snd i~ this mortQs~e sec forth 10. That in the event the awnership of the mortgaged pcemises. or any part thereof. becomes vested in a persan ather tF+an the ~ MORTG/1COR, the MORTCAGEE, its wtcessors and assigr~s, may, without notice to the MORTGAGOR, deal with wch suocesso~ or wocessors in interest with refe~ence to this mortgage and the debt hereby secured in the satne manner ss with MorfBagor without in a~y way vitiating or distha?ging the Mwtgagor's lisbilily here~xder o? upor~ the debt heteby secured. No sab of the prernises herebY mortgaBed and rw fo~e' bearance on the part of the MORTGAGEE n? its wccessors or assi~ns and ra extensio~ of the time for the payme~~ of tt+e debt hereby secured given by the MORTGAGEE or its wccessors or assigru. shsll aperate to reksse. discharge, modiiy. change or effect the original IiabiUty of the MORTGAGOR herein, either in whole a in psrt. 11. It is specifiplly agreed that time is of the asenos of this oontract and that no waiver or smr obligation F~ereueder o? of the obligation secured hereby shall at any time theresRer bs heW to be s waive~ of the tema hereof or of the instniment sewred heroby. Si~ned, Sealed and delivercd in presente of: i ~ ~ i f E ~ (SE/1U - - - - (SEAU STATE OF FLORID/1 COUNTY OF- - SS. Befwe me personally sppearod a^d his wife. to me well known. own to me to be the individuals described in ` and who exearted the fwegoing i t, and xkrawledged before me that they execut ~ same for the purposes therein eacpressed. ; I , WITNESS and official seal this - day °f--------------- . A. D. 19------ • ~ Notsry Public in and for the State of Florida st Large. ~ ~ My commisaion exvires: ~ - ~ A ( - a W . y o ,a~~ - W ° e ~ A =?~o ~ A A z a o v o a~> ~ W ~ ~ ~ c : a= ~ - ~a~ ~ a~ Ey _ L~iI~Z ~ ~i~~ ~ AZ° A OR . ~ ~eo°~ N ~ ~~~~3 ~~~~6$ ~ ; . ~ . - O F + _ t ~ ~ . ~ + U _ " " - _ Y ,5 ^k~ - ~~`'~°2i#~ Y`i'.~t~'s'~sa _ .