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Home My WebLink About2049 ~ticy or policies said Tv10RTGAGEE shaU t,ave the option ro?eceivQ and apply tne s3me un account oF the indebtadness srcu~ed herebv or ta Fermit s3id MORTGAGORS to receive and usa it or any part there.~f for olher purp,^,ses without thereby woiving or impairing any equity, lien or right under or by virtu~ of fhis R4onga~e; and in the event ~aid ~10RTG/1GORS shall fur any reason fail to kcep the said premise3 so insured, or fail to deliver promptly any of said policies of insura~ce to s~id MORTGAGEE, or fail promptly to pay fully any premium therefor, or :n any respect fail to perfom~, discharge, execute, efEect, eomplete, comply with and abide by this covenant, or any part nereof, said ~10RT• GAGtE m~y place and pay for such insurance or any part thereof witnout waiving oi aff.rcti7g ~ny option, lien, equity, ur rigl~t under o~ by „c ~ti;~ ~~~,~o~e.-., a,,,1 ~F,e f,~ll ,mn~~nt of each and ~venr cuch oayment shall be immediately due and payabte ind shall bear ;nterest i~~rt; rr,~ ~?,~.,_~f t~ntil n;+~rl 3t thn ratc ef s~x a~.d?f~.tenths eer c~>nt oer annum and to~ether with such interest shalt ~e s~curea py tna ~ lien ef this mortgage. ~li ~e 4. fu permit, commit cr suffer no ~vaste, impairment or deterioraticn of s~id properry or any part thereof. 5. ~t is hereby specifically agreed that any sum or Sums which may ba loaned or advanced by the ~~rtortgagee to the Mortgagor at any time .after the recording of this indenture, together with interest thereon at the rate agrecd upon at the time of such loan or advance, shall be equa!ly secured with and have the same priority as the original indebtedness, and be subject to all the terms and provisions of this mortgage; Providecl, th~t the aggregate amount of princip~l outstanding at any time shall not exceed an amount equal to one hundred and fifty per cent (1509'0) of the principal amount originally secured hereby. 5. To pay all and singular the costs, charges and expenses, intludinq a reasonable attorney's fee and costs of abstract of titlz in- curred or paid at any time by said MORTGAGEE betausa or in the event of the failure un the p~rt of the said MARTGAGOR to duly, promptly and fully parform, discharge, execu;e, effect, complete, tomply with and abide by eath and every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either, and said costs, charges and expenses, each and every, shall be ~.,,_.,,~~i~,t~l., ~i~~P a~~ n~yahle; whether or not there be notice. dcmand, attempt to collect or suif}~q~j~g; and the full amount of each and every such~payme~t shall bear interest frem the date thereof until paid at the rate of six and~fWcYerit~°i's per centum per annum; an~i al1 said costs, charges and expenses so incurred or paid, together with su~h interest, shall be secured by the (ien of this mortgage. 7. That (a) in the event of any breach of this Mortgage or c~efault on the part of the MORTGAGOR, or (b) in the event any of said sums of money herei~ referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payabfe, ~vithout de~nand or notice, or (c) in the event eath and every the stipulations, argeements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, exeaited, effected, completed complied with and abided by, then in either or any such event, the said aggregate sum mentioned in said promissory note then remaini~g unpaid, with interest accruzd, and all moneys secured hereby, shall become due and payable forthwith, or thereafter, at the option of said MORTGAGEE, as fully ; and Complately as if all ot the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary not ~vithstanc~ing; and thereupon or thereafter at the option of said tv10RTGAGEE, without notite or demand, suit at la~v or in equity, may be prosec~ted as if all monies secured hereby had matured prior to its institution. 8. That in the event that at the beginning ot or at any time pending any suit upon this Mortgage, or t~ foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shaU apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Ceurt shall forth~vith appoint a Reteiver, of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues from ~vhatever source derived, each and every ot which, it being expressly understood, is hereby mort- gaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all ihe b~oad and effective functions and po~vers in anywise entrusted by 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 property mortgaged or to the solvency or insolvency of said MORTGAGQR or the defendants, and that such rents, profits, incomes, issuel and revenues shall be aonlied bv such Receiver accordinst to ihe lien or equity of said MORTGAGEE and the practice of such Court 9. To duly, promptly and fully perform, discharge, execute, effect, complete comply ~vith and abide by each and every the stipu- lations, agreements, conditions and covenants in said promissory note and in this mortgage set forth. 10. That in the event the o~vnership of the mortgaged premises, or any part thereof, becemes vested in a person other than the MORTGAGOR, the MORTGAGE"t, its successors and assigns, may, without notice to the MORTGAGOR, deal ~vith such successor or successors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor ~vithout in any way vitiating or discharging the Morigagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- bearance on the part of the MORTGAGEE or its successors or assigns and no extensien of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify, change or effect the original liability of the MORTGAGOR herein, either in whole or in part. 1l. It is specifically agreed that time is of the essence of this contract and that no waiver or any obligation hereunder or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured hereby. igned, Sealed and delivered in presence of: ~ - - - (SEAU : - - - - (SEAL) STATE OF FLORIDA ) } 5S. COUNTY OF--------------- ~ : Before me personally appeared and his wife, to me well known, a nown so me to be the individuals described in and who executed the foregoing i ment, and acknowtedged before ma that they execut same for the purposes therein expressed. WITNESS y- and and official seal this.--- day of A. D. 14-- - ~ Notary Public in and for ths State of Florida at i.arge. ~ I ~ ( , t/~ Z O ~1 ~ -z~~ ~ ~ A ~ ~ >~o z H ~ I = Qo~ o ~ ~ H ~ ~ Q ~ ~ ~ ~ ~ I ~ a ~.d O Q z z ~ ~ p~ v : ~ ~ ~ w~° V ~ o ~ ~ ~ H~~ ~ ~ ~ Z o A W a - _ < ~ ~ ~ : ~ ~ ~ ~ ; ~ ~ ( ~o0 9.3 , 243 ~ ~ ~ ~ ~ - ~ . . ~