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Home My WebLink About2233 poticy or policies said Pr1QRTC~AGEE SFt3II F13v~ tile option tc receiva and apply tne same on account of the indebtedness secured herebr or pem~it said MORTGAGORS to receive and use it or any part Rherc~of for othe~ purposes vrithout thereby waiving or impairing any equiry, lien or right under cr by virtue of this Mu~tgag~; and in the evznt said ti10RTGAGQRS shall for any reason fail to keep the s3id premises so iniured, or iail to deliver promplly any of s3id poticies of insuranca to s~id h10RTGAGEE, or fail promptly to pay fully any premium therefor, or in any respect fail to perforrn, disc~~arge, e~ecute, effect, compfete, comply ~vith and abide by this eovenant, or any part hereof, said MORT• GAGEE may place and pay for such insurance or any part thereof without waiving ur affecting any option, lien, equity, or right under or by victue of this Mortgage, and the full amcunt of each and every such payment shall be immediately due ~nd payable and shall bear interest from the date thereof until p~id at the rate of six and ~lenths per cent per annum and tegether ~vith such interest shall bc secured by tha licn of this mortgage. C~1Tf;e 4. To perr.iit, commit or suffer ~o ~vaste, impairment or deterioraticn of sr,id property or any part thereof. 5. It is hereby specifically agreed th3t any sum or sums which may be loaned or advar.ced by the Mertgagee to the Mortgagor at any ~ time after the recording of this ind~nture, together with interest thercon at the rate agreed upon at the time of such loan o~ adva~ce, shall be j equally secured with and {,ave the sart~e priority as the original indebteclness, and be subject to all the terms and provisions of his mortgage: i Provided, thnt the aggregate amount of principal outstanding at any time shall not excecd an amount equal to one hundred an~ iiiiyti Ex:r ~er~t (150~) of the principa~ amount originally secured hereby. 6. To pay all,and singular the costs, cl~arges and expenses, including a reasonable attorney's fce and tosts of abstract of title in- curred or paid at any time by said MORTGAGEE because or in the event of the failure on tne p~rt of the said Mr:RTt;AGOR to duty, promptly and fully perform, discharge, execute, eff~ct, complete, comply ~vith and abide 6y each 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 in,mediately d~e and payab!e; whether or not there be notice, demand, attempt to collect or sui~}{~~~~g; and the full an~ount of each and every such payment shall bear interest from the date thereof until paid at the rate of six and}¢¢(`t'~ s per centum per annum; and all said costs, charges and expenses so incurred or Faid, together ~vith such interest, shall be secured by the lien of this mortgage. 7. That (a) in the event of any breach of this Morigage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein r:ferred to be ~ot promptly and fully paid within thirty (30) days next after the same severally become due and payable. ~vithout demand or notice, or (c) in the event each 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, executed, effected, completed complied with and abided by, then in either or any such event, the said aggregate sum mentioned in said promissory note then remaining unpaid, ~vith interest accrued, and all moneys secured hereby, shall become due and payable forth~vith, or thereafter, at the option of said MOR7GAGEE, as fully and completely as if ali of the said sums of money were originatly stipulated to be paid on such day, anything in said promissory note or in this Mertgage to the contrary not withstanding; and thereupon or thereafter at the option of said MORTGAGEE, ~vithout notice or demand, suit at ~a~v or in equity, may be prosecuted as if a~l monies secured hereby had matured prior to its institution. 8. That in the event that at the beginning of or at any time pending any suit upon this hlorigage, or tu foreclose it, or to reform it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a Reteiver, of said mortgaged property all and singular, including all and singular the nr~fitc c«~~~~ a.,~ frnm .~h.arp~er SAtlf[P. derived. earh and everv of which. it beinQ exoresslv understood, is hereby mort- gaged as'if specifically set forth and described in the grenting and habendum clauses hereof, and such Receiver shall have all the broad ana effective functions and po~vers in anywise entrusted by a Court to a Reteiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said A~ORTGAGEE, and without referente to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, incomes, issues and revenues shall be applied by such Receiver accerding to the 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 t~~e u.vr7zrship of the mortgaged premises, ar any part thereaf, ~et~mes v^s,~~ i^ a Y,,:s^n oYnsr than th? ORTGAGOR, the r1rJRTGAGEE, iss succe>sars and assigns, may, without not+ce t~ tt~e VORTGACOR, deal :vith ss~~h s.stcessor or successors in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor'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 extension of the tiine 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 liabi~ity of the MORTGACQR herein, either in whole or in part. 11r;;,'It is.spetifically agreed ihat time is of tfie essence of this contract and that no waiver or any obligation hereunder or of the obtig~on secure~ hereby shall at a y.time thereafte be h Id to a waiver of the reof or of the in ment secured hereby. g1~r~e~ its name ~y i~s f~icers and af~`ix"~c~its cor Ib~ WJTNESS WHEREOF, the said MORTGAGOR has~${$~]~?~1~ 1~~{¢~~;and seal the da year ~first aforesaid. r•I ~ Sig~ed, Sealed and delivered in presence of: . > C - ~~:~d~~ s~a.~~ Traub terprises, Inc. ~ . . ` ~ - ~ - . . , _ ~ ~ ~ a . . °L~~. ~ t~~~- :~r~ _ _ y ~ , - / - ; ~-,~l si en ~ , " ~'~'<f~J~' ~ ' ~ : ~cu c~- --E~-~--- - Attest: ~ - _~__cs~u STATE OF FLORIDA ~ecretary SS. courvrir oF____Indian_Ri_v__er__ Before m~ ~~SO~,auY a~ared _____Edward_B,_Traub__and_Ethel_M._Traub1..President and_Secre~ry I Flori~~ cor~o~atior~ ` : res ectivel of Traub Enter Y'1SES~_~__ to me we no~,, n nown o me to be the (ndividuals described ~ - -----p-- - P--- I~~ and who executed the foregoi g instrume t, and acknow(edged fore me that ~hey xecuted the same for the purposes therein expressed. ~ as the act and deec~ of saic~ coi-poration duly authorizec~. ~ ~ 11 - ----da,, of---------- - --Februar - , A D. 1966_ . ' ; WITNESS my hand and official seal this ~~l___ _ , , . ~ ~ , U . -----~1~__ - : - Notary Public in and for the ate of Florida at Large. - • " My commission expires: _.:~'~~C`~~ti f e- / J~ ~ - _ / . _ ; ~ : ~ ~~-.~~u`-•~~- . ' - Z ~ ~ FIL ~ t~ ~q D,~j N h~ ~ ~ u o `~~~~~CJ31__ RE ORDED ~ A ~ o~ ~ ~ 0 0 K a t ~ ~ Q > o ,nn °~!`~t~ t~I~ a~a ; a~ ~a FEa i s P,4~ z:~ s ,.y z~ # ° ~:1: i 1/ Q ` Z Z I~M ~ G~ ? r , . ~ ~ ~ ~ ~ ri~`' f. li,,, W ~ ~ „t . ~ ~t~ t} - ~ ! • ` ? ~ ROGE~~~ f~L'~ ~ r CL`RK ~ ~ ~ f . . - ~ _ ~ z O ~T. LUCi~ COU~dTY, o ~ ~!!t ~ _ _ t A fil.ORIDA ~ ~ i ~ - - ( D : . ~ - : . . . _ ; ( g . ~ R ` ~ _ : I oK138 4~7 3 . . ~ ~ _ ~