HomeMy WebLinkAbout0714 ~oi~cy or policies said MORTGAGEE shall have the option to receivs snd apply tne sams un account of the indebtedness secured hcrebv or a.
permit said MORTGACAR$ to receive and use it o. any put theroof fw otl+er purposes without thereby waivin~ or ~mpairing any equity,
lien a ~ight undcr o~ by virtue of this Mortgage; and ln fhe weot s~id MORTG/1GOR5 shalt fo. any reason fail to keep the said premises
so inwred, or fail to deliver promptly any of said poliues of i~wrance to said MORTG/1GEE, or fail promptly to pay fully any premium thcrefo?~
o. in any respect (ail to perform, d~uharge, execute, effecf, car+plste, comply with a~d ~bide by this covenant, or anv Dart hereof, said MORT-
G/1GEE may place a~+d pay fw suth insunnce or u+y psrf thereof without w~iving or ~ffecting sny option, lien, equity, a right under or by
vi?tue of this Mortgage, snd the full amount of eath and every suth payment shall be immediately due snd payable and shall bear inte.est
from tl?e date thereof until paid at the rata of $.25 P~< Pe+ +~+m ~~d rote«r with wch interest shall be secured by tne
lien oi this mortgage. '
To permit, oommit w wffer r?o waste, impai~ment o~ dste?ioration of ssid property or u?y pa?t thereaf.
5. It is hereby speciiicatly agreed that any sum or wms whith msy be loaned w advanced by the Mo~tgagee to tF?e Mortgagor at any
rime after the retording of this indenture. together with interest thereon at the nte agreed upon st the time of suth laan or advance, shall be
eQuaUy setured with ar+d have the same priority as the originsl indebtedneis. snd be subjett to al) the terms and provisions of this mortgage:
Provided, that the aggregate amount of principal outstanding st ~ny tlme shall not exceed an amount eQwl to one Fw~dred and fifty per cent
(15096) of the principal smount oriQinally secured hereby.
6. To pay all and singular the costs, charges and expenses, in~ludin~ s ~easonable attorney's fee and tosts of abstract of title in-
curred o~ paid at any time by sa~d MORTGAGEE because or in tF+e event of the isilu~e on the part of the said MORTGAGOR to duly, promptly
and (ully perform, diuharge, exetute, effett, tomplete, comply with and abids by each and every the stipulations, agreements, conditions
and covenants of said prornissory note and this mortgage any o~ either. snd said Cosfs, charges and e~cpenses, each and every, shall be
immediately due and payable; whether or not there be notice, demand. sttempt to CoI1Kt or wit pending; and the full amount of eath and
every suth payment shall bear interest from the date thereof until pa W at the nte of 2 rj per centum per annum; and all said
sosts, charges snd expenscs so incurred w paid, together with wch ~nterast, shall bs secured by the lien of this mortgage.
7. That (a) in the event of any breach of this Mortgage o~ default on the part of the MORTGACAR, or (b) in the event any of said
sums of money herein reterred to be not prort+ptly and fully paid within thirty (30) days next after the same severally become due and payable.
without demand or ~otice, o~ (c) in the event each ar?d everv the stioulatiau, argeements, tonditio~s and tovenants of said promiuory note
and this mortgage any or eifher are not duly, promptly and fully performed, distharged, exetuted, effetted, completed tomplied with and
abided by, then i~ either w any such event, the said aggregate wm mentioned in said promissory ~ote then rerrwining unpaid, with interest
accnxd, and all moneys secured hereby, shall become due and payable forthwith. or thereaRer. at the optFon of said MORTG/1GEE, as fully
and tompletely as if ail of the said wms of money were originally stipulsted to be paid on wch day, anything in said p?omissory note or in
this Mortgage to the contrary not withstanding; and thereupon or tF+ereafte? st the option of said MORTGAGEE, without r.otite or demand,
wit at law or in eQuity. may be prosecuted as if all Rwnies secured he~eby had mstured prior to its institution.
8. That in tF+e event thst at the beginning of or at a~y time perx~ing a~y wit upon this Mortgage. or to foreclose it, or to reMrm
it, or M e~force payme~f of any claims hereunder, said MORTG/1GEE shsll apply to the Court having jurisdittion thereof for the appointment
of a Receiver, wch Caurt shatl forthwith appoint a Reteiver~ of said mort~sged property all and singular, intluding all and si~gula~ the
income. profits, issues and revenues from whatev~r source derived, each snd every of whith, it being expressly understood, is hereby mort-
gaged as if specifically set forth and described in the grenting and habentlum tlatnes hereof, and suth Receiver shall liave all fhe broad and
effective functions and powers in anywise er?tnnted by a Court to a Reteiver. snd such appointment shall be made by such Court as an
admitted equiry and a matter of absolute right to said MORTG/1GEE, and without reference to the sdequaq or inadequacy of the value of the
property matgaged or to the solvency or insolvency of said MORTGAGOR or the defendants. a~ that wch rents. profits, incomes, iswea
and revenues shall be applied by suth Reteiver according to the lien or equity of said MORTG/1GEE and the prattice of wth Court.
9. To duly. promptly and fully perform, discharge, execute, effect, cae~plete tomply with snd abide by each and every the stipu-
lations, agrEements, Conditions and tovenants in said promissory note snd in this mortQaQe set forth
10. That in ihe event the ownership of the rtwrtgaged premises. w sny part thereof, becomes vested in s person other than the
MORTCJIGOR, the MORTGAGEE, its wccessors and auigns, may, without notite b the MORTGAGOR, deal with such wttessor or suttessors
in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mo.tgagor without in any wsy vitiating
or discharging the Mortgagor's lisbiliy hereunder or upon the debt hereby secured. No sale of the premises F+ereby mortgaged and ra fore-
bearance on the part of the MORTGAG~E M its succeswrs or assigns and no exten;ion of the time for the payment of the debt hereby secured
given by the MORTGAGEE or its wccessors or assigns, shall operate to release. discharge. modify. change or effect the original liabiliry of
the MORTGAGOR herein, either in whole or in part.
1 l. It is specifically agreed that time is of the essence of this oontntt and that no waiver or sny obligstion hereunder or of the
obligation secured hereby shall at any time the~eaher be held to be • waiver of the temu hereof or of the instrument secured hereby. -
Signed. $ealed and delivered in presence of:
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E STATE OF FLORIDA 1
COUNT1f OF - r
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; Before me personally aPPeared - - - - - and
~ his wife. to me well known. an to me to be the individuals described in
and who executed the foregang i t, and acknowledged before me that they executed the for the purposes therein ezpressed.
WITNESS srd official seal this - - day °f---------------- - - . /1. D. 19_ .
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~ Notary Public in and ior the State of Florida at Large.
My commission expires:
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