HomeMy WebLinkAbout2772 po~icy w policies said MORTCAGEE shall have the optia? to nceiw and app~y ms s~m~ un sccount of tl~ IndebrecMeu secu~eo nerebv or t~
permit said MORTG/1GORS to receiw and us~ it or any pa~t thenof for wMr purpos~s without thereby wsivins or impairin~ amr equltY.
Iie~ a~i~ht w+der w by vi~tw of this Mat~s~e; and i~ tM w~+t taid MORTW1GpR5 sh~ll for sny resson fail to k~ep tM said promis~
so insurd. a fail to deliver p~omptty any of said polkies of tnwnnc~ to saW MORTGAGEE, w fsll Promptiy to piY fully s~N p~emium therefor,
o. in any respcct fai) to perfam, discFyr~~, ~~cecut~. efhct. coinpl~tt. campiy with u+d ~bid~ by thi: cov~nsnt~ or u+v part hereof. said MORT
GAGEE nwy plats and pay for suCh inwrsnt~ or psrt th~nof withouf w~lvin~ or afhCNn~ optian. lien. epuity. o~ ~i~ht w~det w by
virtw of this Mortga~a. snd tM full smount of ~ia~ ~wry sud+ payn?~nt shall b~ imrnedista dw u~d paribl~ and shall bW interost
from th~ d~te thereof until paid at tFw ~ste of 9• 29i pK c~nt pK anwxn snd to~ethsr with u,ch Mte~est sh~ll b~ secund by. th~
lien of this rtwrtgag~. ~ ~
s. To pem,n, canmtc or wfh. no wa:ti. impatrment o. decenonNa, of ~sW ~ropeMr o? s~+r a~t *her.of.
S. (t is f?s~eby specifically a~reed tF+at ar~y swn or wms whith may b~ lwnad or advan~ed by the Mortg~gee to the Mwtgs`o~ at u?y
time aher ths recordin~ of this indentu~e. to~ethe~ with inte?est theraon st ths nN agread upon at ths ttms of wch losn or advsnce. sF?all be
eqwlly secu~ed with and have the same priority as tha ori~i~l indebisdness, aed be subject to aN the temu and provisions oi thls n+o?tgage;
Provided, that the agg~egate amount of principal outstsndin~ at u~y time shall not excecd an ~ma~nt pwl b one hur?d~ed and fifty per cent '
( I SO ~r ) of the pri~cipal smount ori~inally seturod heroby.
6. To pay all and singular the costs, charges and expenses, intludtn~ a roasonsbis atto~ney's fee snd costs of sbstr~ct of titl~ M- 5
curred or paid at any time by said MORTGACEE because or in t1w eva+t oi ti~ falluro on the part oi the said MORTG/1GOR to duly. promptly
and fully perform, dixharge. execute, effect, complete. comply with ard abids by eath snd ev~ry ths stipulations. agreements. conditions
and covenants of said pranissory note and this mo?tgage a~y or eitFer~ snd t~(d oosts, charges snd txpenses each snd evsry, shsll bs
immediatety due ar~d payable; _ whether or not there be r?otite, den?a~d. att~mpt to oollect o? wit pendin~; snd ths full amount of exh snd
every such payment shall bear interat from the date theraof until paid st tha nte of 9.25;; pe? ter+tum per annum; s~d aN said
costs, charges and expenses so incur.ed or paid, together with wth ~nterest~ shall be secured by the lien of this mort~e. t
7. That (a} in the event of any b~each of this Mortgage or de6ult on the part oi the MORTGAGOR, or (b) in ths avent any of said
wms of money herein referred to be ~ot p?omptiy snd fuily paid within thirty (30) days next ~her the same sevenlly betome dus ~nd paysble, r
without demand or notice, or (c) in the event each and everv the stioulations. arQaements, conditions and cove~ants of said promissory nolt
and this mortgage any w either are not duly. Promptly snd fuily performad, ~scharged. exetuted. effetted. completed tomplied with and
abided by, then in either o. any such eve~t, the said aggrcgate swn menNoned in said promissory note tF~ romainin~ unpaid. with tnterest
accrued, snd all rnoneys secured hereby~ shall becortre dus arid payable iwthwith, or theresftsr, at the option of said MORTG/1GEE, as fully
and compietely as if all of the said sums of ma~a~r wero originally stipulated to be paid on wch dsy~ a~ythins in ssid promtssory note or t~
this Mortaage to the contrary not withstanding; and thereupon o? the~eafter st the option of said' MORTCAGEE. witha?t notice or derrw~d. .
wit at law a in eQutty. maY be proaecutecf as if all monies setured hereby htd matured prior to its IruNtutlon. ;
8. Th~t In the event th~t at the begiru~?ng of or st u~y Nm~ pencli sny wit upo~ this Mortta~e. or to forocbse it, or to .refwm #
it, or b enforce payment of any claims hereunde~, said MORTWGEE sh~il sp~y b the Court hsvin~ ju~isdiction thsreof for the appotntmmt ,
of a Rtceiv~r, wch Court shalt fo~thwith appoint a Receive~, of saW moefp~ed property a11 and singutsr~ includin~ sll and sinQula~ the
income. profits. iswes and revenues from whatever sourte de~ived. eath snd every of whid+. it being exprossly w~derstood. is ltsrtby mort-
gagad u if specifitally set forth and described in the granting and haberxi~rn tlatnes heroof, snd wd~ Reteiver shaN hav~e sil the bresd and
effective lunctions and powers In anywise entnnted by a Court w a Reteiver. ~nd wth appbintment sF+ail be made by wch Court as an
admitted equity and s matter of absolute right to said MORTG/?GEE, and wlthout roferenoe to the sdcqwcy or insdaqwq of ths valw of tM
Pr~rtY ~BaBed or to the sotvency or insofvency of said MORTG/RGOR or the defendsnts. snd thst sucF+ rents, profits, incanes. isu~es ;
and revenues sh~11 be applied by wch Receive? scoording to the lien or equiy of s~id MORTC/1GEE and tM prsctke of wch Cou~t.
9. To duly Promptly a~d fully perform, discharge. exttute. efhtt. oomplete oanpy with snd abide by eath snd every the stipu- 1
lations. aQreements. tonditions and covensnts in said pron?issory note and M fhis rnortQs~e set forth ;
10. That in the event the ownership of the rrwrtgaged premises. or sny part theroof. becanes vested in a person other than the ~
MORTC,AGOR, the MORTGAGE&, irs suocessors and sss~gns. may, v,dtF,out noNos to the MORTGAGOR. deal wtth wch woceswr or wccessors
in intercst with reference to this mo?tgage and the debt hereby secured in ths ssme msnner as with Mortgagw without in any way vitiat(n~
o~ disthargtng the Morf~sgo?'s iiabiliy herourdsr w upon ths debt hereby secured. No sab ot tl~e p?emises herebY mort~sSed snd no fora-
bearance on the part of the MORTWGEE M its wcteuors or sssigns snd no sxtension of ths tims for the psyment of the debt hereby sewrod
8~~+ bY tF+e MORTGAGEE or its successors or sssigns. shall opente to rolesse~ dischar~e, nwdify. change or effect the ori~inal IiaWllty of
the MORTGAGOR herein, either In whob or 1n ps?t
11. It is specitiully agreed tlw! Hme ts of ths asenos of this contnct snd thst ra vraiver or any oblipHon F~era~u~der or of th~
abligatioo secured hereby shall at smr time ther+esfter bs heW to bs s waiver of the terms heraof or of the instrument secured hereby. '
. Seakd snd delivered in presence of:
i
- _ (SE/~1U
(SEAU
- -
STATE OF FLORIDA .
~ ~ ,
COUtYTY OF--- - ~
: Befo~e me personally appearod i
r~_---------------- s^d `
j his wife, to ms well krwwn. to me to be the indvidwh destribad in
and who exewted the fwegoing i t, snd scknowledgsd before me that thry executed t me for the purposes therein expressed.
i
i WITNESS d s~d official seai this--- ----day of_~.---------------------------------- A. D. 19__~..
j Notary P~lic in snd for the Stsfe of Florida at lsr~e. J !
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