HomeMy WebLinkAbout2370 1.W •M1~?'.
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ct aqr at ;bs tamr, ooveoaats or asreanenL at t6is mat~ then in i~qy oe eit6ee ot Mid event,s„ tLe w~,ok at t6s ~
indebLedne~ l~ee~sby aecured~ at the opt~ion ai t~6e moct~ee a tbs lepl holder ct e~?id indebieduer~ vull beoa~ne imms- j
di~~y due and p~,y~?ble without notioe~ a in tbs event at t6e paee~s after tbe dst~e at this mat;aae ot ~qy L?w at t,he ~
$tute of I~loridu deductia~ from tLs value o[ land for the purpoee af t~ucation aqy lien thereon, or chiwgina in ~qy wr?y ;
tLe b~rs now in foroe for tbe twtion ot mortga~es or debts secured by mortga~es foc $tste or local purpoeee. a t~he '
mannee af t~he ooilectioa ot aay auch twtaoa eo as to ~Hect this mortg,age ~dvereely~ the hdder cf L6ia mort;,sge end R
of the debt wl?ich it eecuree~ e6e?U he?ve Lhe riaht to give thirty dsye' written notioe to the owner of the granted pnmiees '
requiring the payment ot the mortg~age debt, and it is hereby agceed Ltut~ ii euch notace be siven, the said debt sh~?ll '
become due, paysble and coUectible at the expiration af eaid thirty dsye~ snd upon !he mortagge. indebtedaess becom- ~
. ing due and pe~yable sa heretofore provided~ the mortgagor slisll r~fraia from cdlectiag snd receiving sll rents sccruing i
as eforeesid and upon notioe froan the mortgagee aU tensnte shall thereafter psy euch rents to the raortgsgee~ e?nd sny ;
payraent made otherwiee shall not.diecharge the obligatione ot euch tenanL, and the mortgagee may immediately cause ~
thia mortgage to be foreclaeed in the manner prESCribed by law, and upon commencement of foreclosure pmceedings {
ahsll be eatitJed to have e? reoeiver appoiated~ whether the mortgaged premi.aee are homeatead or not ~?ad without proof
~ of any other g~round for his appointment than the eaid default, to tslce po~seeesion and charge of the mortgaged premisee~
to rent the eame and reoeive and collect the rents, iseuee and profite thereof, under direction of !he court, and any amount
eo colle~ted by such reoeiver ehall be spplied under direction of the court to the payment of any judgcnent rendered,
or amouate found due upon foreclosure of this mortgage including the coet of collection end reaeonable attomey's fees; ~
and~ in the event of any default or defaulte in the payment of the indebtedneee hereby eecured~ or of any installment
~thereof, or of interest thereon, or in tNe performanoe or obeervanoe of any of the terme, coveniwte or agreemente herein a
~ cantained, the mortgagee ahall have the right forthwith aiter e~ny such default to enter upon snd take posseasion of eaid ±
' mortg,sged Preanieee and to let~seud premiees snd receive the rente, ie~uee and profits thereof, and apply the same~ atter
payment of atl neoeeesry charges snd expenees, on account ~ the indebtednees hereby eecured. .
The proceede of said forecloeure ahsll be applied, firet, to the expeneee incurred hen~under, including a reaeon-
able attorney'a fee for euch eervices ae may be rendered for the collection.ot eaid indebtedneae.and the foreclosure of ~
this mortgage; eecoad; to the payment of whatever sum or suma the mortgagee may have paid or become liable to psy t
in csrrying out the options, terms and stipulatione ~ thia mortBage, together with intereet thee+eo~n; third, to the pay-
ment and eatisfsction of ee~id note; sad fourth, the surplus, if any, shall be paid to the mortgagor or otherwiee ae the
court may decree.
The mortgagor hereby agrcee that, ia the event mortgagee ehall plsoe the note hereby eecured in the handa of
an attorney after defaulL or after msturity tor collection or for foreclaeure, he will pay auch reasonable attorney'e feee
ae are authori~d by luw, together with the caet of extending the abetract snd all court casts and all e~cPe~ P~P~Y
peid or incurred hereunder, and esme are hereby eecured. - ~ '
The mortgngor hereby ae~gna, tranafers and coaveya unto the mortgagee, its euoce~ors and aesigne, the renta ~
accrued and to accrue from all tenants in occupaacy of the mortgsged premieee~ or any part thenwf, including rentals
and royalties under oil, ga8 and mineral leaees, if any, during the lifetSme af thia mortgage, it being unde~stood that
~ aa long as there is no defsult in the performance or obeervance of any of the covenanta or agreements herein contsined
the mort~sgor ehall have the privilege af collecting and receiving all rPa?te accruing under leaees or contracts of tenancy . ~
~ for the mortgaged premiees or eny part thereof. . .
The mortgaged pr~miees being located in the State of F7orida, t6is mortgage and the righta and indebtedneee .
hereby eecured shall, without regard to the plac~e of contract or payment, be construed and enforced accor~ing to the ~
lawa of the $tate ~ Florida. -
Notwithatanding any provision herein or in said note, the totsl liabilitq for paymente ia the nature of intereet
ahall not exceed the limite now impaeed by the usury lawe af the State af Florida.
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' IN WITNES3 WHEREOF~ the said mortgagara have hereuato 8et th,eir hsads and ~
seala this 25fih day of February, 1965. .
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~ $igned, ~and deliv ~i ' the p at ~ :
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~ ~ $TATE OF FLORtDA 1 .
~ COUNTY OF ST. I~ICIE ~
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I~ Sam C. Gay , an a~oer duiy uutbacised to t~ate aatno~wled~me+nte-in~ and for i
ssid $tate aad County, do henby oeri~ify tbat ~ L. E81~t and MIIDB~ B. EB~it 1
~ ' , hie wife, both d wham ~+s to me weli lmo~wn, ~ad lmu~wn to me to be the individuals deacribed 'm .
~ and who euecuted the foreB~6 Pe~~Y ~PPe~ beta+e me th» da~ aad did sevenlly aclmowled~e-
to and before me thst they ezecuted esid instrnmeat fa the purpoee+s Lhenin espne~eed; and the asid MIID~ B.
~~t , well knowa to me to be the ~vife d esid ~RBSgT I.. BB~1t ~ uP~
f o. a: racE ~J~~
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