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HomeMy WebLinkAbout0296 uoi~c~ or poiicies said MORTGAGEE s?wll have the optio~ to receive and app~y tne same un account of the indebtedness set~red nerebv or t~ peimit sa~d l~~ORTGA~F~S to rece+ve and use it o~ a~y part fhereo) for othe~ purposes witFaut Ihe~eby warving or impa~ring any eduity, I~en or riRht under or by virtue of this Matgage; and in tF+e evenf said MORTGACORS shall fo. a~y reason fail to keep rhe said premiscs so ~nsured, or fail to dctiver promptty any of said policies of Inw~ants to said MORTGAGEE, or fail promptly to pay fully a~y premium therefor, or i~ any respect iail to perform, discharqe~ exacute, effect, complete, comply with and abide by this covenant, or anv part he~eof, said MORT- G/1CEE rtwy ptace and pay for such inw~anCe or any psrt theroof without waivi~g w affecting a~y option, lien, equity, or ~ight under or by virtue of this Mortgage, and the full amount of each and evtry wth payment shall be immediately due snd payable and shall bear interest irom the date thereof until paid at the rote of 8.0 per cent per ~nnum and bgether with wch interest shall be setured by the t~en of fhis mo~tgage. To permit, commit o~ suffer no waste. Impai~ment or deterioration of said (xoperty a s~y paR thereof. 5. tt is hereby speci(icalty agreed rhat any wm w sams whith may be lasned or advanced by tF?e Mo~tgagee to the Mortgagor at any r;me after the recording of this indenture, togethe~ with interest the?aon at the rate agreed upon at the time of wch loan w adva~ce, shatl be equa~ly secured with and have the same prio~ity as tF+e originat indeDtedness, snd be subject to all the terms and provisions of this mortgage: Provided, th~t ~he aggregate amount of principal outstanding at any time shall not exceed an amount eqwl to one hu~+dred a~d fifty per cent t1509f?) of the principal amount originally sccured hereby. 6. To pay all and singular the costs, charges and expenses, i~tluding a reasonable attorney's fee and costs of abstract of title in. curred or paid at ~~y time by sa~d MORTGAGEE bccause or in the event of the failure on the part of tF+e said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and sbide by each and every the stipulatio~s, agreements, conditions and covenants of said promissory nore and this mortgaga any or eithQ~~ and said costs, charges and expenses, each and every, shaU be immediately due and payable; whether or not there be ~otite; demand, attempt to tollect or wif pending; and the full amount of each and every suth payment shall bear interest from the date the~eof until paid at the rate of $ Q per centum per annum• and a~l said costs, charges and eXpenses so incu~red or paid, together with wth ~nterest, shall be secured ~y the lien of this matgage. ~ 7. That (a) in the event of any breach of this Mortgage o? default on the parf of the MORTGACOR, or (b) in the event any of said surru of money he~ein referred to be nof promptly and fully paid within thi~ty (30) days next after the same severally become due and payabte, without demand or notice, or (cl in the event each and eve?v the stinutations, argeements, tonditions and covenants of sa;d promissory note and this mortgage any or either are not duly, promplly and fully performed, discharged, executed, effected, completed complied with and abided by, then in either or any such event, the said aggregate wm meintio~ed in said promissory note the~ remaining u~paid, with interest accnied, and all moneys secured hereby, shall become ~e and payable forthwith~ w thereafter, at the option of said MORTC,AGEE, as tully and completety as if all of the said wms of nwney were originally stipulsted to be paid on wth day, anything in said promissory nete or in this Mortgage to the contrary not withstanding; and thrreupon o? thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in eQuify, may be prosecuted as if all monies secured heteby hsd matured prior to its institution. 8. That in the event thst at the beginning of or at any time pending a~y wit upw~ this Mortgage, or to foreclose it, or to refomn it, or to enfotce payment of any claims hereunder, said MORTGAGEE sha11 apply to the Court having jurisdiction tF+ereof for the appointment of s Receiver, such Courr shall forthwith appoint a Receive~, of said mortgaged property sll ar?d singular, including all and singular the i~come~ profits, iuues and revenues from whatevcr source derived, eath snd every of which, it being expressly understood, is hereby mort- gaged as if spc~ifically set forth and described in the granting and habe~~dum clauses hereof, and wch Receiver shall have all the broad and effective functions arxl powers in anywise entrusted by a Court to a Receiver, and wch appointment sF+all be made by wch Court as an admitted equity and a matter of absolute right to said MORTG/1GEE, and without ~eference to the sdequaq or inadequacy of the vatue of the P~oPerty mortgaged or ro the solvency or insolvency of said MORTGAGOR or the defendants, and that wch rents~ profits, incomes, issuea and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the prattice of such Court. 9. To duly, promptly and fully perform, discharge, exetute. effect, tomplete comply with and abide by eath and every the stipu- - lations, agreements. Cw?ditions and covenanK in said promiisory note and in this mortQaQe set forth: 10. That in the event the ownersh;p of the mortgaged premises. or any part thereof, becomes vested in a person other thar~ the MORTGAGpR, the MORTGAGEE, its wccessors and assigns, may, without notice to the MORTGAGOR, deal with such suctessor or wccessors in interest with reference to this mortgage and tF+e debt hereby secured in the same manner as with Mortgagor without in any way vitiating or dischargi~g tl~e Mortgagor's liabilily hereunder or upon the debt hereby secured. No sale oi the premises herpby mortgaged and no fore- bearance oR the part of the MORTGAGEE c+? its wccessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall opente to rclease, discharge, modify, change or effect the original liability of the MORTCAGOR herein, either in wFale or in parL 11. It is spetifically ag?eed that time is of the euente of this contratt and that no waiver o~ any obligation he~eunder or of the obligatia? setured hereby sha11 at any time thereafter be. held to be a waiver of the tem~s hereof or of the instrument secured hereby. SiBned. Sealed and delivered in presence of; _ _ _ - - - _ (SEAU - - - - - - - - - - - - - - - _ _ (SEAU - S7ATE OF FLORIDA ) } SS. COUfYTY OF , ~ i ! 8efore me personally~ appeared - - - - - - - rxi , a - his wife, to me weil known. a to me to be the individuals described in ; and who executed the foregoing i t, and xknowfedged before me that they executed the for the purposes therein expressed. ~ ; WITNESS d and official seal this - - day of--------------- - - . A D. 19--- - • i ( ~ - ; Nohry Publit in and for the State of Florida at Large. > M commiuion e ires: i ~ # ~ ~ j ~ [ ^ j ~ W ' ~o x r } A z~= ~ Q ; o ~ i ~ a~~ ~ w V; O ; ~ ~ a ~ ~ ?Er ~ Dar~ j 4 z~ ~z ~ ~ Ei , ~oQ Z ~ o ~ ~ QaZ ~ -w~~ . ~ ~ ; E"~ 1 w<~ A d e o ' ~ M ~ ~ ao ~~~s ~ x ~ 3 o a~E z9s ~ : . ~ . ~ ~ ~ ~ : _ .h: ~t _ ~ ~s~ ~ ~ ~ _ ~ ~a; ~ ~ ~ ~ . , , ~ ~..'N ti.3- ~ .