HomeMy WebLinkAbout2194 3. To pay all and singular the costs, charges and expenses, including lawyer's fees, rea-
sonab~ly incurred or paid at any time by said Mortgagee because of the failure on the part of the
said Mortgagor to perjorrn, comply with and abide y each and every the stipulations, condt- ~
lions and covenants of said promissory note and this deed, or either, and every such payment
shall bear interest from date at the rate of }pNC}t9tKOt}~CXAt![~W~K highest rat
of interest per annum lawful under the laws of the State of Florida.
4. To keep the building now or hereafter on said land insured in a sum not less than
Ninet Thou'san 11 19~ 000.0QQ dollars, in a compan or companies to be approved by
sau~~rtgagee, a~ t/e~ policy or poT~cies held by and payable to saut Mortga ee, and in the
event any sum of money becomes payable under such policy or policies, the ~ortgagee shall
have the option to receive and apply the same on account of the indebtedness hereby secured or
to permit the Mortgagor to receive and use it, or any part thereof, for other purposes without
thereby waiving or impairing any equity lien or right under or byy virtue of this mortgage, and
may place and pay for such insurance or any part thereof, without waiving or affecteng the
opt:on to foreclose or any right hereunder, and each and every such payment shall bear interest
from date at the rate of ~Q9CQCX~4'ldX~~C7i~,~4AX~D4?C highest rate of
interest per annum lawful under the laws of the State of Florida.
5. To permit, commit or suffer no waste, impairment or deterioration of said property or ~
any part thereof Mortgagee shall be a named insured under Paragraph
(4) here inabove .
6. To perform, comply with and abide by each and every the stipulations, agreements, 1
conditions and covenants en said promissory note and in this deed set forth. ~
7. If any of said sums of money herein referred to 6e not promptly and fully paid within
days next after the same severally become due and payable, or if each and ~
every the stipulations, a reements, conditions and covenants of said promissory note and this ~
deed or either, are not duly performed, complied with and abided by, the said aggregate sum
mentioned in said promissory note shall become due and pa able forthwith or thereafter at the
option of the Mortgagee as fully and completely as if the said aggregate sum of Nineteen
ThoYsa~d $nd I~o/100 ( 19,00(,-00) - dollars was originally
sttpu ate to a pay on such day, anyt ing ~n said promissory note or herein to the contrary
notwithstanding.
8. The Mortgagee may, at any time while a suit is pending to foreclose or to reform this 3
mortgage or to enforce any claims arising hereunder, apply to the court having jurisdiction
thereof for the appointment of-a receiver, and such court shall forthwith appoint a receiver of
the premises and all other property covered hereby, including all and singular the Income, prof-
its, rents, issues and revenues from whatever source derived, and such receiver shall have all the
broad and effective functions and powers in anywise entrusted 6y a court to a receiver and such
appointment shall be made by such court as an admitted equity and a matter of absolute right
to said Mortgagee, and without reference to the adequacy or inadequacy of the value of the prop- ~
erty mortga~ed or to the solvency or insolvency of said Mortgagor or the defendants, and such
income, pro ets, rents, issues and revenues shall be applied by such receiver according to the lien ~
of this mortgage and the practice of such court.
9. Said wrap around mortgage shall not be assumed without the
express written consent of the Mortqagee and the Mortgagee may re---
fuse to wive his consent and may require that he be paid off in full.
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~tt ~iittess ~herenf, the said Mortgagor hereunto sets his hand and seal the day and
year first above written.
Signed, Sealed and Delivered ~n rese a of:
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EDDIE LEE MARTIN
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p~327 ~~~2~~.