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f EO AMO REC~RdE~
S~«ICIE COUNTY FL?
~ QOOEp OOITR~S ~
ctEaR C~~~WT COUar !
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shaU Mve the option to receive and epp}y tAe same on acoount of the indebtedneas secured hereby or to prmit '
said Mortga~ to receiva end u~e it or any part t~ereot tor othec purpoaes wltbout thereby w~iv[n~ or i~npairins
•ay equity. 6en or right under or by virtue ot thi~ mortgage; and in tbe event ~aid Mortgasc~ slWl toe apY rea~oo
tail to keep the eald premises so insured. or tail to deliver promptly aay ot aaid poUciss ot inw~rmos to a~id
Mortgagee. or [ail pcomptly to paY fuUy any preauum theretor. or in any respeet ta~l to pertonu. dise6ar~e~
e:cute, eftert, complete, comply with and abida by thie rnvenaat, cx any psrt he~eot, said Mortgages m~y pl~os and ,
p~y tor anch Inaurance o~ any part ther~eot without waIving or eftecttng sny option, lien. equlty or right under oe bp
virtue ot thia mort~ge, and tDe fuU emount ot each ~nd every anch payment shaU be immediately due add piyabM
u~d shaU bear interest from the dste thereot until paid at the rate of ten per centum p~ annum and togsther wdth
nuch interest atutl be seeured by the lien of this mortgage.
To permii. com~nit or softer no waate, impairaient or det~iontion ot eaid property or any part tbereoL `
5. To pay sll end singutar the costs, charge~ and e:penses, including ree~onabb lawy~'e tees aad eost d
abstracte of titM, incurred or paid et any time by +aid Mortgagee becauae and/or in the eveat ot the feu7ure oa the ~
part of the said Mortgagor to duty, promptiy and fu0y perform. dixharge, execute, eftect, oomplete, oomp~y wtth
and abide by each end every the atipulstioi?s, agreeme~ta, conditions and rnvennnts ot said promis~ory note. ~nd
t1~ia mottgage. any or either. and seid coats. charges and expenses. each and every~ ahall be immedi~t~ely dus and
payable, whethe: or noi there be notice, demand, ettempt to coUect or suit pending, and the fuU amount of e~ch
~nd every such peyment shaq bear inte~est fmm the date thereot until paid et the rete oi ten per ceatum per
~n~m; ~nd aU said costs. clwges end e:penser so incorred or paid. together wit!? such intereat. shaU be ee~vred by
tLs Ke~~ of t6ia matgsae.
8. 11ut (al ia ths eveat of anp bee~ch of Wis a~artgage or deLult on the psrt oi the Mortgagor, or (b) iu the ~
• evmt ~ny ot aaid sumi of money heeein e~aferred to be not ~ompdy and fully paid within ten d~ys nest ~tt~ tAs . i
a~me srvetally beoome due and payabie, without demand or notice, or Ic1 in the event each And every the stipul~tions.
agreements, cunditione aad coveaanta of aaid promissory note and this mortgage. any or either. are not~ dnly.
promptty and fuUy pertormed, dix6arged, e:eruted, etfected, completed. oompl~d rvith end sbided by, tb~ea, in eitLer
or any sucA event, the said aggregste snm mentioned in said promissory reote then remaining unpaid. with iat~est
accrued, and sU moaeya aecured hereby, shall become due and payabie forthw+ith, or thereafter, at the option of esid
Mortgagee, as lully end rnmpletely ae if al! ot the said sums of nomey were originslly etipulated tu be p~id on 1
such day. anything in eaid pmmisaory iwte. aod or in thi~ mortgag~ to the contrsry notwithstandin& aod
thereupon or thereatter et the option ot said Mortgsgee, w~ithout !wtice or daaund, suit at law or in equity,
thecctofore, or thereattcr b~.gvn, may be proeecuted es if ell mone~s secured hereby had mat~ued prior to its
institution.
'l. 71ut in the event that at the begir?ning of or at nny time pending any suit upon thi~ morigage, or W faecbse ~
it, or to reform it. and:'or to enforce psynoent of any claims hereunder, said Mortgages ehall apply to the oourt i
having jurisdiction thereof for the appointment ot a Receiver, auch court sha11 forthwith appoint a Reoe~ver of said ~
mott~ged pmperty all end sing~ilar, including ap and singular the rents income profits, iasues aod eevenuss from
whatever source derived, each and every of ~rhic6, it ~ f
eet forth and dexribed in ihe g ~°g e:preaelY u;deratood ia herebY mortga8'ed as it ~
~Y grantin and habendum clawes ,crraf. and such Re~oeiver ehaU have `s
all the broad and effective functana and powers in anywrise entntated bq a court to a Receiv~, and snc6 appoiatmeat ~
el~atl be made by auch rnvrt as ae admitted equity and a matter of absoluu~ rigt.t to said Mortgagee, and w~oat ~
reterence to the adequacy or insdequacy of tAe value of the property mortgeged or to the solveoey ar insolvency f
of eaid Mortgnqor aadtor of the defendants, and that such renta. profiu, income, iasues and revet~nes ahaD be ~pp~ied 3
by auch Reteiver scoordinq to the lein and'or equity of said MortRager ar.d the pnctice of auch oonrt.
8. It ia under~tood and a~eed that thi9 mortgage is given to secure, in eddition to the note a~ obtigation ~
above descTibed any additiona! bana or future advance~ made writhin twenty years from date hereof b~+ tbe mortgagee
to said mortgagcrcs or en~• successor in titk of said mortgngors of the prReerty hereby conveyed; provided that the =
tota! unpaid 3slance of tne ir.debtednevs secured hereby at any one time shaU not e=ceed the mazimutn ptincipal
amount ot ~
li i, plua intereat thereon and any diebursements made by the mortgagee for the payment of ta:ea. {evies or inauranoe ;
on the property e~cumbend hereby. ~vith interest on such disbursements.
IN WITNESS WHF.RF.OF, thr said !1~foctgag~r hes e:eeuted thia mortgage under seal on the day and year herein #
first above written.
aad d ivered in t ce of:
~ . . .
1SEAL1
1 ($EAL)
a ~
STATE OF FLORIDA • / t~`F~ ' ~ ~
COUA1Tlf OF 3T. I.UCTE 5'. Mar~or~e Jones ~ 7,f , r'~-4'.,;r
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Befora tne personelly appcared ohn Nf. S row Jr. and Pat Sprow, hi s wi fe of 715 N~~~1~P.`S~,i r,~~',-
N. Mi ami , FL and McDonal d C. Jones and Mar or e ones, ~ s w e o
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:---M9-~Mi 6~ - ' t ~ :
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ta tne well kaown and Icnown to ~ to be t6e individual5 descn'bed in and who ~ecuted tbe farogoin8 ~~~ild~.., ,
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and aclrnowlsdged before me tbet ....l~ e:ecuted t6e eeme for the purpoees theeein ezpe~eseed. i C; -
wr~ss ~r n,na ac~w c~ 26th a, or Februar ~ P
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, ' nP ~ PA~,~ 8~ the Conntr u~d 3tate Atorwaid. _
~ ~ ~ugust , 1977 '
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