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pollty ar policlss sald MORTGAG~B ihall l~~va t1w option b ~ecelve ~~d appiy tM tam~ on eoca+nt o~ the l~idebt~ednau socurad ha+~bv or to
pmnnit sald MORTGAGORS to recalve and use !t or any part thanof for ~therp ~~p~es witfiout theroby vwiving or Impairin~ any eautry~
Il*n or ~l~ht ~x~der or by virtue of thts Mortga~a; nnd tn tfi~ evsnf ssid (~AORTG~I1Gt~RS :hall ibr any ross~o~ hl! to keep tho sald premtsas
ao insu~ed~ isi) "•o ~,;!lver prcw;~ptty any ef 3s1~! {^atldes of ir~rarav to ~Id MORTGAG~E, or fal! prornptly ro pay fulty any premlum tharefor. ~
or tn any resQect h!! to perlorr?t~ discttiarge~ execute, eifact~ cwr~pleta, comply with arxl abida by this ewenanf~ or any part he~cof, aald MORT ~
Cl1GEE rt~y place and pay (or ~uch tnwrance or any psrt tt?arsof without waivtnQ or affecting ~nyop tion, pen, equiy~ or r(ght unde{ or by ;
virtue of thts Mortg~ge, ~nd the futl amount of each and every suth payment shall be Imm~c+lstely due and payable and shall bear interest F
frorr~ tho date thereof untll pald at the rata of sIx and alx-tenths per cent per annum and together with such interest shafl be secu~ed by the ~
Uen of this mortgaQe.
' To pe~mit, cAmmtt or wffer no wasta, impair:nent w daterioratlon of said praperty or sny ps~t thereof.
5. ~t is hereby spECifically agreed that any :urr~ or sums which may be loanec~ or advanced by the Mortgagee to the Mortgagor at eny
time afte~ the retording of this tncknture, to~ether with i~terest thareon at the rate a~read upat at the time of such bnn or advanca. shall be
equa!!y feturec~,with snd have the same priority a3 the nNginal tndebted~ess, and be subjett ta ai) the terms a~d provisio~s of thts mortgaga:
Provlded~ that the pggregate amount of principal outstanding at eny time shall not exceed an amount aqual fo one hundred and fifty pe~ c~nt
(15096) of the prtncipal amount originally tccured hereby.
6. To pay all and stngutar the eosts, chsrges and expenses, trxluding a reasonsble attomey's feo +~nnd costa of abstrict of tltle 1~. i
turred or patd at sny time by said MORTCAGEE because or In the event of the failuro on thepa rt of tha said MOR7G/1GOR to duly, promptly ~
and fully perform~ disthuga~ exetute, effect~ completa~ corr~piy with a~d abide by e~sch and every ths stiputatlons, agreements, eondittons j
i and covenants of said promtswry rate :nd tt~ls mort~sge iny or elther, and sald tosts, charges and axpen.ses~ exh and every~ ahail be
lmc~ediately clue and payable; whethar or not thera bo ~otice, demand, attempt to toll,~ct or suit pendin~; and tha full amount af each and ~
~ every wch payment shall bear interest from the date thereof unttl paid at the rate oF sIx snd six-tenths par centum pe? annum; and al) said
costs, charges and exper,s~ so incurred or paid~ together with wch interest, shall be secured by the lien of this mortQaQe. ~
~ 7. That (a) in the event of any braach of this Matgage or default oe~ the part of the MOItTGI~1GOR, or tb) in tfia event any of satd i'e
~ sums of money heretn referred to be ~ot promptly a~d fully pald witfiln thirty (30) d;ys naxt after the wme srvtrally beooe~ns due and payabie,
~ without ciemsnd or raNce. or (c) in the event each and every the ttipulations, a~geemants, conditions and crnrenants of sald prantssory nott ' # s
and thi: mortgage any or elther aro not duly~ promptly and fully perfom~eci, disthargacl~ executed~ effetted. compkted compiled with s~sd 1,:
~bided by~ then in elther or any such avaM~ the aaid aggrogate sum mentioned In sald prom(ssory note tf~n r~matntn~t unpaid~ with interest
acctued. snd altr~ys secured heraby, shatl become dus and payable forthwfth, or lhere~ffer, ~t ttw option af sald MORTGJIGEE, as fully ~
and eomp~etely as if all of the said wms of ma~ey were oriQinaily stipulated to be p~id on sueh dsy. anythi~~ in said promtssory note or (n
this Mortgage to the co~trary not withstanding; and thcreupon or thereafter at the optto~ of satd MORTC,ACEE, withaut nottce or demand,
suit at taw or in e~uity, may be proscculed as If sl! monies secured hereby had matured priar to its (nstitutlon.
; • 8. Tf~at t~ ths errtni tfieat af the be~irminy of or at any tlme pendlng ar,y wit upon this MortQs~e~ or to foratMss it. or to ~eform
~ it or to enforce payment of sny clsims hereunckr. sald MORTG~GEE shail sppty to tfie Court havinQ jwisdktlon thereof for ths ~ppointmcnt '
~ o~ a Receiver, wch Coun shall forthw~th sppoint a Receivar, of said mortgaged property ali s~d singutar~ inc~udin~ a!1 ar~d singular the r'
incarn, profits, issuas ar~d ravenues from whatever source derived. each snd avery of which, it being exprossly understood, is hereby mort- _
~ gaged as !f specifially set forth and dest~lbed tn the grantiog and habandum clauar: hereof, end wch Receive~ shall have sll tha broad ard `
effective 1`unctions and powers (n inywise entrusted by a Court to a Recetvar, ar~d such appotntment shall ba made by such Court ss an
admttted equity and a matter of absolute right to sald MORTG/1GEE, and without roferenca to the adecruacy o~ inadoquaq of th~e value of the
~ proptrty mort~aged or to the sofvency or insolvency of said MORI'GAGOR or the defend~nts, arxl that such rents, proflts, incomes. issues
snd revenues shatt be applied by such Reteiver atcording to tho Ilen or equity of sald MORTGf?GEE and the practito of such Gourt.
~ 9. To ~ly, prompfty and fuity perform~ dlscharge, exacute, efFsct, ~.xnplete camply wFth and sbide by esth and every the stlpu-
Iatlons, agreements, conditlons and covenants in said promissory note and in this mortgsQe set fotth.
; 10. That !n ihe event the ownershlp af tfie mortgsged premises, or any psrt thereof~ becomes vest«! in a person other than tha
~ MORTGACAR. the MORTGAGEE, Its wccessors s»d assigns, may~ without notits to the MORTGAGOR, deal with such successor w succtssors
in inte~est wfth roference to this mortgage and the deist hereby secured in the s~me manner u wlth N!o?tgagor wiftaut In ~r?y way vitlatin~
~ or dischsr~in~ the MortYagor's IlabiUty hereunc~er or ~~wn the debt hereby secured. No ssls of the prcmises heteby mortgagod a~?d no fw~a
bea~ance on the pa~t of tt~e MORTGJIGEE or its successon or auigns and no extension of t1~?a ttme for tF~e payment of the debt hareby secured
i given by the MORTGPICEE or tts successon or aulgrts, shai! operate to relaase, dtschar~e. madify, chan~e or offect the orlgir?al tlabiliry of
4he MORTCACAR t~rein, either In wFwle or 1n part.
~ 11. It isspecifically aQraed that ttms Is of tha esse~ce of this contract snd that no waiver or any obll~ation hereu~xier or of th~
obli~ation secured hercby shall at sny time thoreaftar be F,eld to be a wsiver of fhe terma hereof or of ths tnstnim~ni sacurod ht~eby,
IN WITNESS WHEREOF, the sald MORTGAGOR has he~eunto set Iils Mrx! and seal ttN day and year fiat aforesafd.
SlQned, Sealed aa~d delivered in prasarice of; _ ,
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. G~C~~..~~?_:
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c'`t~~.~..cSFJ1U
STATE O~ Fl.ORtD1? MAY'~I . ~~Ct'iOWAR - '
COUNl1r OF_ I~~~__~~~ ~
~,.~N __.~.Io~-~N T= M~cowAN ~_._.____.~__~.w ~
~.-I1~~C E. C=Q~13~~ i,ts wth, w me vwti known, snd krwwn to n+~ w bs th~ ~vidw~ dacrcbsd in
sr~d who ucowted tM fore~oin~ instn,ntent, s~d ~d b~fort ma tfiat tt~y sn~cutod the :srr~e fa th~ pyupo~es tt~M a~r+tsad,
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WITNESS my hand and offkt:l r~sat tt?ts_.._ ..~..d~y of_~.. November.~.--y--.~~^~~._~V., ~ D. 19_64.
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