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HomeMy WebLinkAbout2248 po~~ty or policies said MORTGAGEE shall hsve the option fo raCeivO and spply fhe same un attounf of the indebtedness setured hC~tbv ot pe?mif sa~d MORTGAGORS to reteive and use lf or a~y pan therool fw ofher purposes without fhereby waivin~ ot impairi~g any equity, Iler? w right unde~ or by virtue of this Mortgsge; and in the event said MORTGNGORS ihall fo? any reason fail to keep the said premis.:s w insured, or fail to de~iver promDllY any of said policias of inwrancs to said MORTGAGEE. oi ia11 p~amptly to pay fully any premium thcrefor, o. in any resprct fail to perform, discFyrQa, exetute, effect, corr+plete, canply with snd sbide by this cove~ant, or ~nv W~t hereof, ssid MORT• G/~GEE may place and pay fw uxh inw~ance or any psrt thereof without wsivi~e w affectine any opt{on, lien, equity, or right u~de~ or by virtue of this Mortgage, and the full amount of eath •n~ ry such psymant shall be imrrxdiately dus snd payable and shall bear interest from the date thereof until paid at the rate of 8.2~ per cent ps~ amum snd to`ether with such interest shall be secured by ths lie~ of this rtwrtgage. 4. To permit, commit or wffer ~o wssts. impairment or deteNo?ation of ssid property or any psrt the~eof. S. It is hereby specifically agreed that any wm w wms whith may be loaned o? advanted by the Mortgagee to the Mortgagor at any time after the recording of this indenture, together with interat thereon at the rate agreed upon at the time of suth loan or advar?ce, shall be equa~ly secured with and have the same priority as the originsl indebtedness~ snd be wbJeCt to all the terms and provisions of this mortgage: Provided, that the aggregate amount of p~incipal outstanding st ~Mr tirt?e st+all not exteed sn amaxit eqwl to one hundred and fltty per cent (1509b) of the printipal amount originally setured hereby. b. To pay all and singular the costs, charges and expe~scs, intluding a rcasonable sttaney's fee and costs of abst~act of title in- curred or paid at any tims by sa~d MORTWIGEE because w in the event of fhe failure on the part of the said MORTGAGOR to duly, premptly and fully perform, discharge, execute, effect, complete, comply with and abide by exh a~d every the stipulations, agreements, cor+diti«+s and covenants of said promissory r?ote and this mortgage any or either, and s~id costs, tharges and expenses, each and every. s1w~~ be immediately due and payable; whether or not there be notite, demand. sttempt to collect or wit pending; and the full amount of each and every wch payment shall bear i~terest from the date thereof u~til pa{d at ths rate of $.25 per centum pe~ annum; and all said costs, cha?ges and expenses so incurred or paid, together with such interest, shall be secured by the lien of this mort~age. 7. That (a) in the event of any breach of this Mortgage w default on the part of the MORTG/1GOR, or (b) in the event any of said wms of mor:ey herei~ re(erred to be ~ot prompNy a~+d fully paid within thirty (30) days r+ext ahe~ the same severally become due and payable, without demand or notice, or (c) in the event each and everv the stipulations, argeements, conditions and covenants of said promissory nota and this mortgage any or either are not duly, prompNy and tully perfamed, dixha.ged, executed, effected, corr?pleted complied with and abided by, then in either or any such event, the said aggregate wm mentioned in said promissory note the~ remaining unpaid, with interest acuued, and all moneys secured hereby, shall betome due and payable forthwith, or thereafter, at the option of said MORTG/?GEE, as fully and completely as if all of the said wms of rrwney were originally stipulsted to be paid on wth day, anything in ssid promiuory note or in this Mwtgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTCAGEE, without ratice or demand. wit at Ww or in equiry, may be prosetuted as if all rt~onies setured F~ereby hsd matured prior to its institution. 8. Thst in the event thst at the beginning of or st any tims pending any wit upon this Mortgage, or ro faecbse it, o? to reform it, or to enforce paymer+t of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdittion the~eof for the appointmmt of s Receiver, such Court sF+all forthwith appoint a Receiver. af said mortgsged property all and singular~ including all and singular the irKOme, profits, issues and revenues fran whatever source derived, eaCh snd every of whith. it being expressly undetstood, is hereby morh ~ gaged as if specifitally set fwth and destribed in tF+e granting and habe~x~um clauses hereof. and suth Receiver sF+all have all the broad a~?d : effectire functions and powen in anywise entnnted by a Court to a Reteive?. and such sppointment shall be rrwde by such Court as an admitted equiy and a matter of absolute right to said MORTGAGEE, and without reference to the sdequacy or inadequaty of the vatue of the property mortgaged or to the solvency or insolvency of said MORTG/1GOR or the defendants, and that such rents~ profits. irxarnes, iswea and revenues shall be applied by such Receiver xcording to the lien or epuiy of said MORTGAGEE and the prxtice of wch Court. 9. To duly. promptly and fully perform, discharge, execute, effect, complete campty with and abide by each and every the stipu- ~ations, agreements. conditioru and covenants in said promiuory note and in this mort~aQe set forth 10. That in the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its wcceuors and assigru, may, without notice to the MORTGAGOR, deal with such wccessor or successon in interest with reference to this rtwrtgage and the debt hereby setured in tM same msnr?e~ as with Mortgagor without in any way vitiating or discharging the Mortgagor's liabiliy hereunder or upon the debt t+ereby secured. No sale of the premises hereby mortgaged and no fore- beara~ce on tF+e part of the MORTGAGEE c+? its wccessors or assigns and no extensio+~ of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigru, shall opente to release. distharge, modify, change o? effett the originsl liability of the MORTGAGOR herein, either in whole or in.part. ' ' 11. It is specifically agreed that time is of the essenoe of this contrstt and that no waiver or sny obligatian hereunder or of the obligation secured he~eby shall at any time thereaher be held to be ~ waiver of the terms hereof or of the instrurnent secured hereby. Signed. Sealed and delivered in presence of: , i ~ ~ I - - - = - - . ($EAU STATE OF FLORID/1 1 } COUNTY OF- - - Before me personally appesred . - - - and his wife. to me vrrll known. s to me to be the individuals described ia and who exetuted the foregoing i t, and atknow{edged beforc me that they executed for the purposes therein expressed. ~ WITNESS snd official seal this dsy of--------------------.------------- - . A D. 19- - - - - ~ Notary Public in and for the State of Florida at Large. ~ My tommission expires: M W ~ A ~ ~ ~ w i ~o x w : Z- o ~ ~ ~ 7 ~ ~ _ ~ O ~ ~ a~~ 0 r~i~0 'i'`2 rT, ( ~ N W M'r ~ ~ ~ ~ ~ ~ N ~ ~ • ~ o <tZZ ~ ~oc~ ~ H ~o~ ~ W ~ Z ~ ~ ~ ~ , ~ ; Q p W e O ~ ~ ~ ~Z° q W ~ ~ < ~ ~ ~ ~ ~ ~~o~ 215 224 ~ ~ o ~ ~ ~ ~ ~ . ~ , ~ _ ~ ~ ~ - ~ ~ ~ : . ~ ~ - 5` .~.Y .~,~.r~~_. r..s~ t. -~~-y'~.