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ahall have the option to receive rnd apply the same on eccount of the indebcednese 9ecured hereby o~ to pernut
~aid Mortgegor to receive snd uae it or any part thereof tor other purpo~ without tAereby wsiving or impairing
eny equity; lien or right under or by vinue of thi~ mortKege; snd in the event enid ~lartgegor ehall tor sny reaeon
feil to keep lAe said premix~ w~ insured, or tail to deGver promptly eny of uid poGciea ot insurance to said
Mortgagee, or tail prompth~ to puy fulh• any premium there[or, or in en~ re~ect fnil to petform, dixlwge,
e:cute, effect, complete, comply with end ahidP by this covenent, or em• ~rt hpreof, auid blortga~ may plac~e snd
pay for ~uch insurance or eny part ther~f without wai~•ing or at[ectinK am~ opiion, lien, equity or rigAt undet or by
virtue of thi~ mortgage, and t6e full arrwunt of esch' and every ~uch peyment eheil be immediatety due and p~ya~M
snd shall bear interoat from the dste thereof until psid at the rate »t ten pe~ centum per annum snd together w~itA
~uch intereat ahall be aecured by tAe lien oi thia mortgn~e.
4. To permit, commit or euf(er no we~te, impairn~ent or deterioretioR o( said property or any part thereot.
S. To psy all and siny~ular the ro~te, charRea end e:penses. includinR rea~nsble IeRti~er's feen and co~t ot
- ebstracta of title, incurred or paid at~ any tirne by said Monga~ee because and'or ;n the evenE of the tailure on the
pert of the said Mortgagor to duly, promptly end fully pertorm, discharge, rxPCUte, effect, complete, comply ~vith
end abide by each snd every the stipulatione, agreemente, conditioaa ~snei co~•enent~ of uid promiaiwry note, end
this mortp~e~e, any or either, and said coeis. cherqee end e:pen~s. eecA end Pvrry, ahall be immediately due end
peyable, whetRer or not there be notice, demand, attesnpt to co(lect or suit pendin~: end the fuU amount ot each
and every ~u~h payment ~haU bear intereat from the dnte thereof until pr?id et the rate ot ten per centum per
ennum: end aU eaid costs, charRes and e:pen~e~ so incurred or paid. toRether wich ~uch intereat, shall be eecurrd by
the lien. of this mortgage.
6. Thst Ia! in the event of any bresch of this mortgaqe or de[ault on the part of tAe Mortgagor, or ibl in the
• event any of said aum~ ot money herein reterred to be not promptty and fully paid aithin ten daye n~t after the
~ame aeverally become due end peyable, without demand or notice, or (c1 in the eve~t each and every the atipulstiona.
agreementa, conditions and covenants of said promi~sory note and this mortgaRe, eny or either, are not duly.
promptly end fuUy performed. dixharqed, e:eruted, effected, completed, complied with and abided ~y, then, in either
or eny such event, the said aggreRate ~um mer.tioned in ~said promi~sory note then remaininq unpaid. with interest
eccrued, and all moneys secured hereby. ~hall become due end peyable forthwith. cr thereatte.•, at the option of ~aid
Mortgagee. a~ fully and compietely ss if all of the said suma of nomey w•ere oR~nally stipulated to be paid on
such dey. enything in ~aid promissory ~ote, and or in thia mortga~ to the contr~ry notaith~tandinpr and
thereupon or thereafter at the option of said Mortgegee. without notice or dar.und, suit at law or in equity.
I'~ theretofore, or thereafter begun, may -be proaecuted aa if all money~ secured Aereby had matured prior to its
, inatiWtion.
4 That in tAe e~•ent thet at the beginninq of or at any time pendinR eny vuit upnn this mortRege, or to toreclo~e
it, or to reform it, andtor to enforce payment of eny cla~me hereunder. said ~1ortRaqes sha0 eppl,y to the court
having jurisdiciion thereot tor the appointment ot a Receiver. auch court eheli forthanth eppoint a Receiver ot said
mortgaged property all and sinRular, includinR ell and ~inRutar the rent~ ineome prnfits, i~~ues end revenues from
whetever source derived, each and PVBR' Of whicA. it being e:preaely underatood is hereby mortgeged a~ if
specificaUy sei forth and dexribed in the FrtantinR and habendum ctau~es hor~ of, and 9uch Receiver shsll heve
~ ell the broad and pffective function~ and.pnwers in anywise entrusted by e court co a Rcreiver, erd such appointment
~ ~haU be made by ~uch court ae an admitted c~guity end e matter of eb.olut:~ ri~?.c to ~a~d MostRe~tee, and without
~ reference to the adequse~ or inadequac. ;~f the velue o! the propertr• mortReKed nr co the ~olvpne~• or in+olvenc}•
of ~aid !~tortgaRor end/or of the defenda~te. and thet 9uch rents, profits, income. issue~ and revenue• eh~ll be applied
~ b~ such Receiver accordinq to the lein and or equity of said Mortgaftee and the practice of such oourt.
~ 8, It i~ underetood and aqreed that this mortgage i~ given to eecure, in addition to the note or obligation ~
~ ebove dexribed eny additional loana or tuture edvance~ made within t~venty yearn from date hereof by the mortgagee
to uid mortgap~ora or any ~uccessor in title ot eaid mortp~aRors of the property hereby conveyed: pro~-ided that the
~ total unpeid balence of the indebtedness secured hereby a: anv one time ~haU not e:ceed the ma:imum principal
~ -nmo~nt ot NINE THOUSAND (9,Q00.00) vouers
IE 1. plus intereat thereon and eny disburxment~ mede by the mnrtgaqee for ihe payment ot tazee. le~ie+ or insurence
on the propesty encumbered hereby, with intere~t on euch disbursement~.
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~ IN WITNESS WHEREOF, the said '.NortgeRor hse executed this mortRaRe under seal on the day and year herein
fvst above written.
~ Signed, sealed end delivered in the pre.~ence of:
. ` /
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~ ISEALI
,a
- ISEALI
~
STATE OF FLOAIDA 39 \
~ ' COUNTY OF ST. LUCIF,
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y Before me peraonally ~ppeared ~une V. Col l ins of 121 SE 7th St. , Pompano Beach, FL. 33060
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to me well known and lmown w me to be the individual... deecribed in and ~vho e:ecuted the (orsgo~r?g instruayeet, -
' and scknowledged beforc me tFut ....he.... e:ecuted the eame tor the purpoees therein ezpreesed. ~
,
~ Wt1'1YESS my hand and official eeal thie 26th day a{ _ AU . t~- •
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. L.y
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~ ~~~q~ Notuy Pablic in rnd for~
~-'l',:.+ ~ °~GE ~5? the County and State Aforeaaid.
° My rnmmieaion e:p'ves•
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