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Home My WebLink About0931 without walving or dfecting any option, lien, equity or right undtr or by virtue of tl~Is mortgaga, and the full amount of each aad evary such payment shall be immediately due and payable and :hall bear interest from the date thereof until paid at the rate of ten per centum per anuum aad together with such Interest :hall be arcured by the lien of this mortgage. 3. To place and contin~ously keep on the buildings now or hereafter situate on said land firo and wiadstorm iasurance in the usual standard pelicy form, in a sum aot lest than the full insurable value, in such company or conipanies as maY be approved by said Mort- gagee; and all such insunnce policies on aay of said bulldingi, my interest thercin or part thereoE, in the aggre~ate sum aforaaid or in excess thereof, shall contaia the usu,l standard mortgagee clause making the loas undtr said policies, each and every. payable to said ~lortgagee es his interat may sppear~ and each and every ruch policy shall be prompdy deliveced to and hdd by saiid ~iortgagae; and, ; not lac than ten days in advaace of the e:piratioa of eac6 policy~ to deli~•er to ~aid Mortgaqee a renewal thereol. together witb a receipt for the premtum of such renewal; and thero shall be no such insurance placed on any of said buildings, aay interat thenin or part there- of, unless ia the form and with the loss payable as aforesaid; and in the eveat aav sum of moaq becoma payable undet such policy or policies said Mortgagee shall have the option to receive and apply the same on account of the indebtedness :ecured hereby or to permit said Mortgagor to rrceive and use it or any part thereof Eor other purposes without thereby waiving or impairing any equity. liea or rfght under or by virtue of this mortgage; and in the eveat satd Mo~tgagor shall for any reason fail to keep the said premises w tnsurecl, o~ faJ to deliver promptly any of said policia of inaurance to said Mortgagee, or fail prompdy to pay fully any premium therefor, or in any re- spect fail to perform, discharge, ~<ecute, effect, compkte, comply with and abide by this covenant, or any part hereef, said \torcgagee may place and pay £or such insurance or any part thereo~ without waiving or afftcting any option, lien, equity or right under or by virtue 04 this mortgage, and the full amount of each and every such payment shall be immediately due and gayable aad shaIl bear Interest from the date thereof ur_til patd at the rate of ten per ceatum per annum and together with such interest shall be secured by tbe lien of thb mortgage. 4. To permit, commit or suffer no wasce, impairment or deterioration of said propeity or any parc thereof. 5. To pay all and singular the cosb, charges and e:penses, including reasonable lawyer's fees and cost of abatiract~ of tide. incurred or paid at any time by said Mortgagee ba:a~ue and/or in the event of the failuce on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, efEect, complete, comply with and abide by each aad every the stipulations, agreements, conditions aad covenanb of said promissory note, and tl~is mortgage, any or either. and said cosb. charga and eapensa. each and everY. shall be im- mediately due and payable, whether or not thcro be notice, demand, attempt to collecc or suit pending; aad the full amaiat o£ each and every such payment shall bear interat from the date thereof until paid at the rate of ten per centum per annum: ancl AI1 said c~sts, charges and ~penses so incurred or paid, Mgether with such interest, shall be secured by the lien of this mortgage. 8. 't'hat ( a) in the event of any breach of this mortga8e oz def ault on the part of the Mortgagot, or ( b) in the aveat any af said sums Of I[WAty bCfC1D referred to be not prompcly and fully patd within da~n nezt after the same severally become due and pay able, without demand or notice, or (c) in the eveat each and every the s~Dpulations, agreemeatt. conditions and covenants of said prom- issory aote snd this mortgage. any or either~ ue not dulY. P~P~Y ~~Y P~~~~• ~~rged, e~ecuted, effected, completed. com- pliecl with and abided by, thea, in either or any such event, the said aggregate ~m meaaoned in utd pmmissory ao~e ihen remainin8 unpaid, with interat acrrued, and all moneys secured hereby, shall become due and payabk forthwith, or thereafter, at the aption ~ said Mortgagce. as fully and oompletely as if ill of the said :ums of money were odginally stipulated to be paid on such day. anytiung in said promissory note, and/or in this mortgage to the contrary notvvithstanding; and thenupon or thereafter :t the optian of said Mortgagee, without notice or demand, suit at law or in equity, theretofore, or thereafter begun, may be prosecuted as if all moneys secured hersbY had ~ matured prior to its institution. 7. 1'hat in the event that at the beginning of or at any ~me pending any suit upon this mortgage. or to foreclose it, or to reform :t, and/or to enforce payment of any claims hereunder, said Mortgagee shall apply to the court having jurisdiction thereof for the appoint- ment of a Receiver, such court shall forthwith appoint a Receiver of said mortgaged property all and singular, including all and singular the rents, income. profits, issuea and re~~enues from whatever soeuce derived, each and every of which, it beiag e:pressly uade:stood, is hereby mortgaged as if specifically set forth and described in the gxanting and habendum clatues hereof~ and such Receiver shsll have all the broad and effective functions and powen 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 abwlute rig6t to said Mortgagee, and without reference to the adequacy or inadeqnacy of the ~~alue of the property mortgaged or to the solvency or iasolvency of said Mortgagor and/or of the deEendants, and that such renb, proffts, income, issues and revenues shall be applied by such Receiver according to the lien and/oc equity of said Mortgagee and tbe practiee of r sucb court. s 8. It is understood and agreed that this mortgage is pvea to secure, in adclition to the note or obligation above described any addi- tional loans or future advances made within twenty yean from date hereof by the mortgagee to said mortgagors or any successor in tide- of said moRgagors of the property hereby conveyed; pmvided that the total unpaid balance of tbe indebtedaess secured hereby at any f one time shall not excced the ma~rimum principal amount~of EIGHTY FIVE THOUSA,'dD AND ~ NO HUNDfiEDTHS-------------------------------------~-------- DoILn ( 3 85 , 000 . 00 D~~ ~terest therean and any disburse:nents made by the mortgagee for the payment of taxes, levies or in- rurance on the property encumbered hereby. with interest on such disbursemenb. ~ IN WITNESS ~VHEREOF, the said Mortgagor has executed this mortgage under seal on the day and year herein first above writtea. ~ ~ Signed~sealed and delivered in the presence of: ~j~ . ~ _ j . -n. . ~ J' ' ~ ` ~~e • ~G///~ Y~-4 (SF AT ' , 'S~l~ ~ iriam V. Morris ~ £ - - (SEAL) ~ ~ • State of FLORIDA ~ County of T I N.~,y • f h ~ 'T6e f` oirig inserument was aclmowledged before me t6is g day of ~tarch , 19 86. ` ~Y ~RIAr4 Y,~'~MORR15.~ a single woman. ~ - ~ l~ ~ f., - ^s~.. - ~ ~ M9 9 Nocary Public State of Florida at Large ~ m'.v~r s~t,; ; , ~ , , ; ~ State ~ of ' County . o{ ~ The foregoing i~trument was aclmowledged before me this d+r of . 19 , ~ ~ af = on behalf of tbe corporation. Notuy Yublic 1•7~I 5 ~a~~4~ ?;~~.f ~~~.a My Commi~sion ezplres: (I`jo~' _ -3- i ~ > ~ - - ~ z - - - - ~ ~-x- ~ ~ ~ ~ i;:, ~ ~ ~,r~~~~.~~'~'~~~"~~~~~`