HomeMy WebLinkAbout1159 r, . - . . • .
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cnsred b~ Yosta+~ea is oo~aectioa witL aa,y ~dt to estoros oollection ot to loeeclo~e thV mosrtsaae ~ tbe e~ant ~
tbL.pwrtaaae at~d tbe,ao~e or otbe: iodeb~eaaeM a~d amooab bereb~ ~ecured be pl~oed in tha l~aods oi aa attoraa~ _ ;
fos oollectian, and ior tbe p+~ment oi all sa:h amoanb t6ta n~ort6aae ~hdl stand a~ ~ecnriq and aa~ racb ~nm or ~
tnm~ io paid ~haIl ,boepms a part o! tbe iadebledua~ ~ecnrad h~raby.
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9'. In eare Mostas~+or sLall fait to P~P~7 ~hae~e a~T obli~atiae o: oo~enaa! ~.pravsded Dereia~ ~
Mostg~aee ~all , Lairo the option, ba! no obltgaNon, to pcrform on beLalf ot Mort~sao:. Aq~ snannt wAich Mor~-
aaaee ma~ ezpm~d la pedormina aoch act or in eooacctioa therewit6, wtth interat tLareon at tba rate of ei~Lt
per aent (a96) Par annam, toaetbas wftb all ~penw, tnclndin~ reawnabla attorae~'a iee~ incarred b~ Mortsagce, ~
sball -be .immedi~tely pa7abla by ldortaaaor apd shall be secnred b~ t~is mortgage:, a~d Mostga~e~ iLall be anbro- i
aab~d-~0.`aqy.~lghts, eqnities orliens ao discLsrged. r~
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: Ttiat' i~+ the ~rtndpal o: intere~t oa tha note benta descdbed or an~ part oi tLe tadabtedow ~ecarad !
~ ~eieb~ oe iaterest tltereon be aot paid whea due, or ii Mo~sso: shsil idl to pa~ aa~ t~a, assesuneab, cbu6a, ;
' ' er . imBositty~+~ ss the: asme_ 6ecame dna and p~~able, or if deEanlt be made In tLe fall and p~ranpt perfo~ananoe
of an~ oot~nant -os a~eeemea! berein ean4inod, oe ii an~ p:oeeediag~ be inatitnted to abste an~ nnbance oQ tl~e
Mortgs~ed, Fremisa~ or ff ao~ prooeodin~s be iaititnted wbie~ mi~Dt ranlt !o the detrlment of tbe ase and ~
eajolmeqt of the pnmLa, o: it Mortgagor shall wake as ss~ment ior tbe benefit of cradibory ~ it a tc- .
~ oei~e:, liqnidator o: trwtee of ~ortgag~or or aa~ of ~[ortg~gor'~ Propert~ bes appointal, or ti Mortgaaor L adjndt- ,
cated a baalcrapt o: iasolreat or an~ of the propert~ of Mo~ago: be ieqnatesed, or if Mort;agor fQes or `
~ oon~cab to the tilin~ oi an~ petit~on oe proceeaing under tbe Nadonal Baakrnptc~ Act oT dmilu 3tat,e or
r Fedenl Statnta, as now or bereafter in effeet, or if tnch petition or proaeding L ftted against Mostgag~or ~nd
n0t dbmiased within aist~ (BO) da~s ~ aker ~uch 91ing, or ii Mort~agor ahail admtt inabllit~ to pa~ debb as
tlie~ becoaae dne, or ii Mortgador be a oorpontion, if its directora or stockholden ~hall iastitnte or coa~scnt to an~ .
p:ooeedings for t6a dissolntion oi liqnidatioa of Mortgag~nr or fail to do all t~fnaa neoessar~ to maintain t6e '
e~stenee of Mor~tgaaor, or ii an~ Lw shdl be enacted or dccisi~ re~dend b~ an~ aonrt oi Lst resort lmpo~tna . ~
an~ tu or aa~asment not aow in effect npon thi~ mort~ages, os #he note ~ecnred hereb~, or an~ intzrest of Mott
~a~ee ia tbe Mortgaaed Pnmises, or rendering iaoperatlve the w~clertal~ingi ot Mortaag~or to p~7 all tases
utains as s nsolt oi thu tin?nsrcttoa other tL~a tua on t6e interat inco~e heniso~u, or whkh raulb in the y.
, dednctioa irom ~alna oi laa~L, #or tu .Parpaes, oi the amonnt ot an~ lka hereon, or dter~na tbe Isw~ tor the ;
' tutn6 of mortgaaet os dcbb seeared thereb~, thm an tbe happenit~ of an~ one or more oi the~e evenb, this
conveyaaoe aLall beeome absolnte and tLe wbole indebtednes ~ecated 6ercb~ ~hall imaoediatel~ beceme doe ~nd . i.
Ps7able at tl~e optloa of Mortaaaee and thia mortgage mq tLenupon be forecio~od for tLe wbola ot aaid mo~e~?, i:
tntenst and ewt~, or Mortasgx ma~ foreclose oni~ as to snms past dne witbo~et iajee~ to thL mostgage or tl~ i
displaotmcnt or impdrmeat oi tbe remainder of the lien tLereof, apd at ioch ioraelosan sale tLe propad~ _ i
~hall be ~o1d sabject to a1t remaintns items of indebtedncn snd tba Mortgagea m~~ agatn foreclwe in the ~ame '
maaner u oft~ea as tLen ma~ be aa~ sam put dne. {
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9. If at aaJ tlme aftar defanlt b~ l[ort6aao: a nael~ersblp ma~ be nwessaeT fa tbe opinba oi Most~agea
to psotec! the lim hereoi, or at the Hme ot os ~fter tbe~tastit~to~n of ~att to collect the indebtalnas heeeb~ axared, ~
ar to foreclo~se tLi~ mortgsaq Mortaagee tball, ~s an sdmitted eqnit~ aad as a matter of itrict rt~t aad n~?ed- t.
las ot t1~e ~alne oi tha propert~, or th~ aol~ane~ os insol~e.nc~ of lLortaasor or sn~ paet~ broaod for the pa~! '
of the indebtedness La~e t6e rlght to appodnnt, on at parte applkatloa +tnd witboat notlix to aa~oae b~ an~
proper conut La~in~ jnrLdietlon, , of a reoet~er, whieb roodrer absll ba~e all ot tbe bsoad and efieeti~e powen
and fat~ctions ia aa~ wtse entrnsted by t~e c~oart to a racd~er to ta1~e chstae of, maaage, presesae, maintain,
care for and prot~eet the Mortgaged Pnmisea anil to eoUeet renb, P~~~ P~~, Pro$t, income and
~ . rerennea ot tLe Mortgased Prc,misa from whatwe~es wnroe ded~ed; to mske all neoessar~ or needfnl npairs
. and to cnltivatq operate, dast, prone, fertllise, lime, de~in, irsigate and proteet from dumage by $re, the timber, ~
tields, Pastnres, orcharda, dtrw gro~ro and all othes saricnltasd de~dopmeab located on tbe Mortga~ged Pnmises
and to marlcet the prodncts thereof and raxhe snd oollect the prooeods tbercof and snch recd~ersbip aLall, at
the option of Mortgagee, eontinne nntil tbe fnll psrnent of aII snms Iureb~ saured, or vntll tttte to the Mort- ;
- gaged Premises shsll La~re passed on sale nndu : foeeclosure oi tLis mort6sge. ~ ;
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Ir L Aoxssa that granting anJ e:tenston of time of paymea! of an~ aum camina dne ~mder the note .doi~esaid
or nnder this mortgase, to an7 per~oa, oz tLe tal~ag of olhes or addltional seeadt~ tor tha ps~ment theraof„ ~ :
: t2te wai~er of, or feiluse to eserri~e, an~ slght to matare the whole debt or anp other wd~er b~ Mortgegoe dull not -
in an7 wiae sfiect this mortguge os the rlahb of Mostgsgea bereander, or operate as a rel~ase oi aa~ llabilitp as : ~
any ooreaant os stipnlaHon herein ~contair~ed. TLe aevud rigLta aad xmedta in tbL mortgage oontained, provided, -
. declared or aathorised, ahall be oonstraed and da~ued u wmnlatl~e aad no one or more oi them as eiclwiTe ot .
the otber or an~ ot the othen or of an~ siahb or semedks which now os bensfter ma~ be si~en or atlowed b~ Lw. •
Mort~a~os m~oonditionalt~ aranb to Mortgsgee the rl~ht to eater npa~ and inspeet the ~[ortgsaed Psemi~a
at all nasonabla times.
The words "][ost~aa~or"' aad "][ottaaaee" wbea wed lierda aLall be taka~ to inclade tbe ain~?lar aad ploril
_ naaober aad ma~callne, leminina or nenter gmdcg as ma~ 8t the cs~e, aad sLsll inclade tLe Leisy administraton,
asa~utors, sooeessors aad ~ of tLa partia banbor R~ch aad all ot tbe te~ and pro~isiom ~ beraoi sball ex-
tend to aad be a part of a~~ reaewd o~ eztmdon oi tbb mortaa~e. In tlie e~eat that tbere L more tLw a~e
~rt8~, tLe ogtiaa oi ][ortaa~ee, ~a~ ad or adba b~, oo behali o~ ~ agaias! eitLet mo:taa~or, ~sll
Ls~e the same afieet a~ tbooaL b~, aa beLalf oi or aaainst all mortsasor~.
~ TLi~ mo~taase aad tbe note ~ecared hereb~ oo~stltote a Fiorida aad ~hall be oo~utroed aeooraias
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