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Home My WebLink About2596 po~~cy w policies said MORTG/~GEE shall have the option to ~eCeive and spply tne same un acc0u~t ot the indebtedness setured herebv or permit said MORTGAGORS to reteive and use it Ot any part thereof for ather purposes without thereby waiving or impairing any equity, ~ lim or right under or by virtue of this Mortgsge; s~d in the ave~+t said MORTG/1GORS shall for any reason fail to keep the ssid premises so inwred, o~ fail to deliver promptly a~y of said pollties of inwrante to said MORTCAGEE, or fail promptly to pay fully a~y p~emium therefo , or in any respect fail to perform, dixF?arge, Qxecute, effect, complote, tomply with snd abide by this covena~t, w a~v part hereof, said MORT• G/1GEE may place and pay for such inwrancs or any psrt thereof without waiving or sffecti~g any option, fien, equity, or right under or by virtue of this Mortgage, a~d the tull amount ot eath and every wth paymenf shall be immediately due and payable and shall bear interest trom tF+e date thereof until paid at the rate of rf ~~j per cent pet smum and bgether with wth interest shall be setured by tho tien of this mortgage. 4. To permit, tommit o? wffer no wsste, impsirment o? deterioration of said property o~ any part thereof, S. It is hereby specifically agreed that any wm or wms wf+ich may be loaned or advanced by the Mortgagee to the Mortgagor at any rime afte~ the recording of th;s indenture, together with Interest thereon at the nte agreed upo~ at the time of wch loan or adva~ce, shall be equa~ly secured with and have the same priority as the original i~debted~esi, and be subjeCt to all fhe te~ms a~d provisions of this mortgage: Provided, that the aggregate amount of principal outstanding at any time sh~ll not exceed an anww~f eqwl to one hundred and fifty per cent (15096) of the principal amount o.iginally secured hereby. 6. To pay all and singular the costs, charges and expenses, including s reasauble attorney's fee and costs of abstract of title in- curred or paid at any time by sa~d MORTGAGEE because or in the event of the failure on the part of the said MORTGAGOR to duly, p?omptly and fu!ly perfo~m, dixharge, exetute, effett, complete, comply with and sbide by each and every the stipulations, agreements, conditions and covenants of said prom~ssory note and this mo~tgage any or either, ~~d tosts. charges and exper?ses, each and every, shaN be immediatety due a~d payabte; whether or not there be notice, demand. atternpt to collett or witpend mg; and the full amount of each and every such payment shall bea~ i~te~est from the date thereof u~til paid at the rate of ~j.7 per centum per annum• and all said costs, charges and expenses so incurred or paid, together with such ~nterest. shall be setured by the lie~ of this mwtgaga. ~ 7. That (a) in the event of any breach of this Mortgage or defautt on the part of the MORZ'GAGOR, or (b) in the event any of said sums of money herein refened to be r~ot prompNy and fully paid within thi?ty (301 days next afte~ the same severally become due and payable, without demand o~ notice, or (c) in the event each and everv the stioulatiais. argeements, tonditions and covenants of said promiuory note and this mo~tgage any or either are not duly, p~omptly and fully pertormed, dixha~ged, executed, effected, completed complied with and abided by. then in either or any wcti event, the said agg~egate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith, a thereafter, at the aption of said MORTG/1GEE, as fuly and completely as if all of the said surr?s of money were originally stipulated to be paid on suth day, anything in said promissory note or in this Mortgage to the contrary not withsta~ciing; and thereupcn or thereaRer at the option of said MORTGAGEE, without notice or demand, wit at law or in equiry, may be prosecuted as if all monies ;ecured hereby had matured prior to its instifution. 8. That in the event that at the beginning of or at arty time pendeng any suit upon th;s Mortgage, or_ to fweclose it. or b refomn it, or to enforce payment of any claims hereunder~ said MORTG/1GEE shal) spply to the Court having jurisdiction the~eof for the appointment of a Reteiver, such Court shall fonhwith appoint a Reteiver, of said mortgaged prope?ry afl ar+d singular, including all and singular the income. prpfits, issues and revenues from whatever source derived, each and every of which, it being acpressty u~derstood, is hereby mort. gaged as if specifitally set forth and described in the granting ar+d habendum clauses hereof, and such Receiver shall have atl the broad and effective functions and powers in anywise entrusted by a Cou.t to a Rece7ver, and wch appointment sF,all be made by such Court as a~ admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequaq or inadequacy of the value of the property mortgaged or w the solvenq or insolvency of said MORTG/1GOR or the defendanTS, and that such rents, profits, incomes, lssuea and revenues shal! be applied by such Receiver according to the lien or equiy ot said MORTGAGEE and the practice of such Court. 9. To duly, promptly and fully periorm, dixharge, execute, effect, tomplete comply with and abide by each and every the stipw lations, agreements, conditions and cove~a~ts in said promissory note and in this mortgage set forth. 10. That in the event the ownership of the mortgaged p?emises. or any part thereof, becomes vested in a persor? other than the MORTGAG~?R, the MORTGAGEE, its wccessors and assigns, may, witFaut notice to the MORTGAGOR, deal with such successor or wccessors in interest with refe~ence to this mortgage and the debt hereby secured in the same man~er as with Mo.tgagor without in any way vitiating or distFwrging fhe Mortgago: s liability hereunder or upon the debt hereby secured. No sale of the premises hereby moKgaged and no fo~e- bearance on the pa.t of the MORTCAGEE n. its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGACEE or its successors or assigru, shall operate to release. dixharge, modify, change or effect the original liability of the htORTCAGOR herein, either in 4vFwle or in part. I I_ (t is specificaffy agreed that time is of the essence of this oontnct and that no waiver or any obligation hercwnder or of the obligation setured hereby shall at any time thereaher be held to be a waive~ of the terrtu hereof or of the instrument setured hereby. . t sai s ~eunto set is n an s~a t y a year irst a ore5ai , Signed, Sealed and delivered in presence of: - - - - - - (SEAU ` - ' - - - - - - - - - - - - - - - , , - - - - - - - - (SEAU STATE OF FLORID/? l ss. ~ couNnr oF - ; Before me perwrwlly appeared and i - - ~ _ hts wife. to me well known, and known to me to be the individuals described in € and wiw eacecuted tt+c foregoing inst t, and ackrwwledged before me that they executed the same for the purposes therein expressed. f ; WETNESS and official seal tbis - . - day of---_----------- - - _ _ . A. D. 19---- • s ' - - - ' ~ , Notary Public in and for the State of Florida at Large. - My commiuion expires: ~ ~ i ~ ~ . wr - W ' . 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