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Home My WebLink About2230 policy ar p~licies said MORTGAGEk shaU have the option to rceeivu and apply the samc on account of the indebtedness ~ecured harebv or tn permit said MORTGAGORS ro receive and use it or any part thereof for oth~r purpases ~vitnout thereby waiving cr impairing any equity, lien or ri~ht undcr or by virtue of this Mortgage; and i~i the event said h10RTG/\CARS sh<ill for any reason fail to kcep the said p~emises so insured, or fail to deli~~er prornptly any of s~id policies of insurr,nccs to said MORTGAGEE, or fail promptly to p:~y tully any premium lherefor, or in any respect tail to p~rform, discharge, excKUte, effect, complete, comply with a~d abide by this covenant, or any part he~eof, said MORT- GAG~t may p!ace and pay for such insurance~'or any part thereof without ~~~aiving or afEecting any option, lien, equity, or ~ight under or by virlue of ~his tvlortgage, and the full amount of each a~d every such payment shall be irnn~ediately due and payable and shall bear int~rest f~on~ fhe date thereof until paid at the rate of six and~ tenths par eenl per anz~um and together with suct~ interest shall be secured by tha licn of this mortgage. t112ee 4. To pc~mi;, commit cr suffer no waste, impairment or deterioration of sai~ property or any part thereof. 5. It is hereby specifically agreed that any sum or sums which m3y be loaned or advanced by the Mortgagee to ihe Mortgagor at any time aher the recording of this indent,,re, together with interest thereon at the rate agreed upon at the time ot such loan or advance, shall be equally secured wilh and have the same priority as the original indeUtedness, and be subject to aU the terms and provic~ons of this mortgage: Provideci, that the abgregate amount of principal outstanding at any time shall not exceed an amount equat to one hundred and fifty per eent (15U9o) of the principal amaunt originally secured hereby_ 6. To pay alf and ;i~g.:!ir the costs, charges and expenses, including a reasoRable attorney's fee and costs of abs!ract of titfe in- curred or paid at any time by said MORTGAGEE because or in the event of the failuie on the part of th~ said MOR7GAGOR to duly, promptly and ~ully perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, ccnditions cnd covenants of said promissory note and this morigage any or either, and said costs, charges and expenses, each and every, shall ba imme:iiately due and payable; ~vhether or not there be notice, demand, attempt to collect or suitp~ qc~ , and tiie full amount of each aiid every such payment shall bear interest from the date thereof until paid at the rate of six and ~~n'~Fis per cenium per annum; and all said costs, charges and expenses so incurred or p~id, together ~vith such interest, shall be secured by the lien of this mortgage. 7. That ta) in the ~vent of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and ful~y paid within thirty (30) days next after the same severally become due and payable, ~vithout demand or notice, or (c) in the event each ard every the stipulations, argeements, conditions and covenants ot said promissory note and this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed complied with and abided by, then in either or a.:y such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and payable forthwith, or ti~ereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory note or in tfiis Mortgage to the contrary not rvithstanding; and thereupon or thereafter at the option of said ~r10RTGAGEE, without notice or demand, suit at la~v or in equity, rr~iy be prosecuted as if a11 m~nies secured hereby had matured prior to its institution. 8. That in the event tha[ at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payme~t of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Recei~~er, such Court ~hall forth~vith appoint a Receiver, of said mortgaged property atl and singular, includi~g all and singular the I~fC:!(fl~.•, Niviiii, iiiUci ci~v i<~<:i iii?~ ~i ~;,.-:':cJ, "~L ~ y~;;^~; ;F ti~;nn racc~v ~fn7~gfC~AA[~. IS ha~ebv fTlOf~• gaged as if specifically set forth and,described~in the granting and habendum clauses t~ereof, and such Reteiver shall have all the broad and effective functions and po~ve?s in anywise enfrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitfied equity and a matter of absolute right to said MORTGAG~E, and ~vithout reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MOR~'GAGOR or the defendants, and that such rents, profits, incomes, issues and revenues shall be appiied by such Recei~•er atcording to the lien or equily ot said MORTGAGEE and the practice of such Court. 4. To du(y, prompf(y and futty perform, discharge, execute, effect, complete comply tivith 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 ownership of the mortgaged premises, or any part thereof, becomes vested in a person ather than the ti1GR7GAGvR, the iv10RTGAGEE, its succassors ar~ as~igns, rr.ay, ~vith~~t no!ice to the MORTGAGOR, deal with such suczessor or successors • in interest with r~ference to this mortgage and the debt hereby secured in the same manner as with Mortgagor wifhout in a~y way vitlating or discharging the Mortgagor's liabiliry hereunder or upon the debt hereby secured. No sale of the premises hereby mort ~g and no fore- ~ bearance on the part of the MOR7GAGEE or its successors or assigns and no extension of the time for the payment of the~.c~g~t},kaere ~'y s~cured given by the MORTGAGEE or its successors or assigns, shal! operate to release, discharge, modify, change or effect~tl~g`~p~iglN~l •IiHpj~(ty of the Iv10RTGAGOR herein, either in whole or in art. p ~Z' . +r. ~r 11. It is specifically agreed that time is of the essente of this contract and that no wair•er or any obli~atich'L~reunder or 'd~ the obligation secured hereby shall at an ti thereafter b fd to be iv o t r r f oe o t t~ ~c~red. hereby.; gi~j ie`~ its nam~~iy its ~f~ic~r~ `~~~t ~~~d its~ ~ , f.: : _ IN WITNESS WHEREOF, tKe said MORTGAGOR ~ias~ ~ sea( the day an~ year~,first~afoiesaiii..~ Signed, SBaled and delivered in presence of: ' ' J°'•: > ~ c.~_~..- . _ . _ . ~ ~~RP. S~A L, } • ~'~,~:~:t,:. , ~ ~ ~ Westside a tist ~ ' ~ ~ ~ B p Church of Ft;~:~~e~~e;~ j~~ ' , ~~f : ',~i. _ ~ 1 r::.... . . . . ~ • ~ : j l - - - . - ~ , _ ~ ~tnx - csEnu ~ ~`~~x~~ -4"`--- By ~{,~,1~ _ " ~ ' A . . _ - - . . _ . . . - - ~ esi ~nt- ' : .j , , : " r% - A tL~St: `~I~~ - - - --'fSEAL) ; . ~~A~~ ~C~, F~O$IDA. ~ creta , ~ = • , SS =;COUtdTy, OFT._SY~~--~UCle--------- : _ . . - safo~e 111e~`ptrsonally appeared William_ P,__Kelly__.and.Floyd_G.__ Young,__ President_and_Secretar~ t"''~ of t PierCg a Np Profit Fl py~da ~or por ation r~spe~iy~.~t_ of__V~!es~side_ Ba~tist_ Churc#~S {o me weli kr~own, and~nown to rne to 6e fhe individJals described in and who execvT the foregoing instrument, and acknowtedged before me tha t ey exec ted the sa e for the purposes therein expressed. As the act and deed of said corporation thereunto c~u~y aut`~orizec~: ~ ~ _ WITNESS my hand and official seai this'~._-----=y-~/L day of-----------.February , n. p. ~v__66. _ ~ - . . . . - - NOTARY PUB:IC STATE oi fLOP.IDA at l,1Rb[~tary PuGlic in and for the State of Florida at rge. ~(~VQtary Seal) co'd!dISSIOti EYPI2ES t.tkR. Z9, 29B~Y commission expires: tAN.aED Tri:tDJGt+ ~.-•FO OIESSELHORS! R------ ~ ~ , f 1{ ~ ~ ~ ~ I / ~ c,~j ti~ ~~~4 ~~~ii,,~l~ili~ FI L E p A N D O , : HECORpEp ~ A ` , f~f ~ - ~ ~ o v J~ 4 ~~£8~---" 0 0 K F.,, ~ s~ „ ~ ,~~j cQ f _ _ ~~o~/ ~ f ~ ~ ~ ~r.~ - . ~ d > k ~~~f~ ~ '66 FEB I 6 p~ ~ ~ Q r;+ ~~i ~ ~ i '1 f~7 ~tt?~t.,,`;: Q _ _ z ~ ,(~l~~% '~"~`'~'`t ~ fUry~ ~~-~t ~~C~ • ~ Z ~ ,I ~ f'~ ~v d c~ '.~.:~1.; t~ ~t a ~ ; % _ ~ o ~ ROc ~i' t`'i;i~i::~:~ C~ K ~ ~ 1~7 ; ` • J ~,1 ~ . . . - ~ ~~oc~a ~o~~~ _~,T. LUCIE COU~JTY, ~ ~ o~ ~ _ _ ~ _ Q ao F'LORtDA W a~e - ~ ~ O _ ~ = f//~j// °ZQ'; ~i ; _ ~i ~ - . ~ ~ ; " . : ~ ~ . . . ~~~~~~~a ~ - ~ . . ~ ~S ~ o a ~ 4~4 ' ~ . ' ~ B OK ' . . I ; ~