HomeMy WebLinkAbout1340 _ - - . - - - ;
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cnrrad b~ Yo~ ia cooaectloa witl an,~ ~oit to eatoroe oo~lectioa o~ to iereclo» tLl~ mosfsa~e is tba a~eu!
thV mortaase sad ttie aote or at6es iodebteaaew a~d a~oaat~ hereb~ ~ecared be pl~oed in tDa b~ad~ oi aa attaraa~
fo: collectioa, aaa !os tbs pa~mes~t-oi dl ~od amooab thi~ ~nortsaae aDall stand u ~ecnsit~ sad au~ sn~L ~oan o~
, ~nma ~o paid shall become a paet oi t6a iodebtedaeas aecnred bereb~. ~ .
7. In ~ue ldostaa~ot a)uL lail to psomptt~ dischsree aa7 obli~at~oa or oo~reaant a~ pro~ided baretn,
~ Y~ga~ee. sLall ba~e tbe optloo, bot ~ obligstion, to perio:m aa be.bali oi ltort~aaor. Aq~ amonat whkh Moet~-
~~es ma~ ~~eead is perto~ia; ~ ac! or in ~nnectioa thenwitb, wiW lntared thereoa at tDa ta~s of dght
~ per oeat (89b)- Pes anmm~, ~ wlth a11 espensey tnclndlns reasaaabk attot~'s tea incnrred b~ Mort~agee,
~ a6a11 be ~immedistel7 P~7able b~ l[ortsaaor arid ~hall be aeaared b~ tL4 mortaage?, aad l[o~aaaee ~haU be ~nbro-
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- gaEed to- ~aI :ighb, eqnitla or lieat w di~cbarged.
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~ a.~ Tliai it t6e prindpal o: interat oa the aota Lereia deacribed o: anT pad oi tba indebtednest ~ecared
y=f `hereb~ or iptssat tUenoa be not paid whea dae, os it Yostaaso: shaU iail to pa~ an~ t~ua, a~aca~mmb, cbar~a,
; •~~"'•%or,. tpapositbns a~ the aa~e beoome doe and W7~, or it defanlt be made fn tl~e foll and prompt pertormanos
' oi aa~ oo~maa! or aareemen! henia contained, or ii aW P~DB~ be iaatltntai to abate aa~ nn4u~o,g on tba •
~ Mortgaged Premi~ca o: ii aa7 Prooeedin~a be in~t[tntal wLich miaLt ranlt to the detrie~eat ot We •uto~ and, •
! eajo~meat of the pnmi~es, or it Mortaag~o: s6a11 mske ~a asatanmeat !or tLe beaefk of eredi a, ot .~i a`'tQ•
~ oetrer, liqnidator or t=wtee of Mortasaor or an~ oi Mo:tsagor'a propert~ ba appointed, or ii l[oz~gagor L~ ad
f'di~
j~ :
' ; ~ cated s bantirnpt or iasolrent o: an~ oi the propert~ oi l[ort6aaor be ~eqnatered, or ii ll~ . ;\~_g ot
' eon~nb to tbe filin6 ot an~ petidon or prooee~ing under tLa National Bankropte~ Ac! o~~t''s~!te ot d= ,:r
' Federal Statnta, a now or Dereaftes in efiect, or ii snch petitlon or psooeeding i~ filed ag~in¢ Mer~~B'u~~nd ~ ;
~ aot dismi~sed wtthin airt~ (00) da~~ attet socL filiag, or if Mort6agor sha11 admit inabilit~ ~s p~ ~lebb a~ ~ ~
~ tLe~ became dne, os ii Mortgaaor be a oorporaNon, ff its directon or stodcbolde:s shaU in.Ntnte oY,oonsen~~o ap~~~ .
proeeedinds for t6e di~wlntion or liqntdattoa oi Yort~aaor or fail to do all tbing~ neoeasar~ to mafet~iri`••the
e:isteace oi Mortaaaor, or it an~ Lw sLall be eaacttd or decLian ra~de:ed b~ any oonrt of Lst re~o~ ~pwina -
an~ taz or a~sa~nt not now in etieet opon this mort~age, or tLe aote ~ecnred henb~, o: aa~ i~erest of Mort
' saaee in the Mortgaged Premties, or rendertng inoperad~e the nndaet~kinp of ][ortaag~ar !o pa~ all tazea i ,
~ i arisina u a radt of d~is tran~action otber tban tua oa tbe intenyt inooane Lenirom, or whid? radts in the -
~ deduetion irom ~aloes of 1~, tor tas pnsposea, of the amoant oi an~ lka Lereon, or dterln~ the Lwt for the .
tuing of mostgaga or debt~ ieeared t6enb~, thea on tLe happeaina oi an~ oe~ or mose of thae ~ranh, t61s
~ . oo~ne~anoe . sball beoorne sbaolnte aad tLe wbole indebtednes aecured he.reb~ shall immediat~l~ beoo~rne dne aad ,
; pa~able at tbe option oi Mo:taaace and t61~ mort~aga may thertnpoa be foreclosed for the whole of said moae~,
1 intcrat a~d oosb, or ~[ortaagee ma~ toreclwe onl~ ai to sams p~st dne witLont iajn~ to tW~ mo:tgage or tbe
~ displ~oemeat or impairment oi the remaindu of tbe Um thereof, and at sbch toreclosnre sale the propert~ t=:
shall be aold subjeet to a11 remiiatna items at lndebtedoess and the l[ostaa~ee ma7 again toreelo~e in the ume
manner aa of~ as tben mq be aa~ sam past dna
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9. If st an~ time aftar detantt b> >Iorlaaaos a re~xi~er~hip ma~ be neoas~ ia tl~e opWo~ oi ]~ortaagr~se
' to grobeet the lien bereoi, or at t6e tlme oi or attes tbe institatlaa ot sait to oolleet tLe tnd~eda~ hereb~ iecnred, j
or to toreclose t61~ mort~age, l[ostgaaee shaII, as sa admitted eqnit~ wd aa a matt~ oi ~tric! risht and re~ard-. -
lw of tLe ~dne oi the property, or !be ~ol~eoc~ or iawl~eac~ ot ldost~or or an~ part~ bo~d tor~tLe p+~7~ent
~ of the iadebtednea~ ha~e the rt6h! to appoint, cn es paete applicatlon aad witbo~ notioe to an~one b~ sn~ -
' proper conrt ha~tng jnrtdtction, of s recei~er, wbicL recei~er s6aU ha~e all ot tbe broad and efiecti~e powees -
and fnnctioas in m~ wbe mtrwted b~ tL~ eoart to a recei~er to take charse of, mnna~e, Presen~, maint~a,
aare for and psotecb tbe Mortgsaed Pnmt~ea and to odlaet renb, issua, proceeai, Prodaoe, Profit,' iacome and ;
~ se~enna of tLe Mortgaaed Premise~ from whatsoeses sonroe ded~ed; to make sll neoaaar~ or ae~fnl repairaA~.
and to caltl~ates oP~+~ d~ P~s f~~~ ~i` ar~in, irrlgate and protcct fsom damase b7 $re, the timbee, .
fldds, P a s t
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a, orchards, dtsos g
m~a aad all ot~r aaricaltard de~dopmenb loeated on tbe ~iortaaged Pnmiw . ~
and to mukd tbe products thereoi and reoei~e and eoUect tLe p:oo~eds tLereoi and anch recei~ership shall, at.
_ the option of Mortgaaeq oontlnne w?til !he tnll psyment of all sums hereb~ secured, or nntil title to tbe Most
gaged Premises shall ha~e passed oa sde nndes : foreclosnre oi this ~ortgaae.
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I: I~ AaassD tLat an an esteasi~ ot time oi a t ot an sum dne nader tbe ~ i`ttore's~
8? ~6 7 P Y~ 7 ~8 ~ ~f -
or nndes tLis mortgs~e, to sn7 P~=~s or the ta~ia~ ot otLer or additional secarit~ tor the pag~nt. t~greot, ~e~
; ; tLe wai~er of, or failnre to e~erciaq an~ rf~tt to matore t6e whole debt or an~ othes wai~er by Mo '~~thall ~
{ ia an~ wise dfect this mo r l
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p e~ate as a nleue of:7a~ liab~t~~t :-i : 1,
any corenant or stipnl~tioa Lerein contained. T6e sereral righta and rem~dia ia tLis mnrtgaae ooti ~t~,, p~, 1~
deeluod os sntLorised, shall be ~oonitrued and deemod u emm~latlre a a d ao one or more o t t
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a g a~ e~;
W~~'~o f.~ !
tbe otLe: or an~ of tLe otbera Qr of a~ rt~hb or ~?edies wLich now or Lenafter ma~ be Siven or'ajlowed bj Lw.
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, Yortga~ur nnoonditta~all~ Snah to Yortgaaee the sISht to eater npoa ~ad inspa:t t6a ~io
; d a11 rea~oaable times.
; The words "Yortaagos~' asd "l[ort~a~ee" wLes o~ed Larein ~hall be t~ken to lnelnde the atnaolu and plard
n~ber ~d mucoline, femidue os ntuter geadu, a~ ma~ fit tbe ea~e, aad ~6all fnelode tl~ ~eiss, ~ ada~inistratos~,
` acartori, sooesa~os~ aad wlsos oi tbe paetia Lent~a. SacL aad aU oi tbe termr and pro~Lion~ ~ereoi sball a• .
~ t~ead to aad be a par! o! aa~ renewd ot esteadon o! ttib. mort;aae. Ia tbe e~mt that tLers i~ aare tLw caa
~ ~T~6~=, at tbe optio~ oi Yort;aaee, any aet or act~ b~, aa behali ot or aaaia~! dtbes m~tgaaors a6aU
; La~e tbe same effect a~ tho~h b~, aa behali ot or aaain~t aD mostaaaosa.
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~ ~ • ThL mortgaae and tbe note ~ecarea ~ereb~ eoastitate a Florlds eoutract iad ~ha11 ba oo~nstsued aooordi~
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