HomeMy WebLinkAbout1085 6. 'ib pry W and sinsular tik cads. char~es. e~cpensrs wnd attorney's few reasonabty incurred or p~ld at any time
dy the Mort~~tee becauae ot ~a,y default as to any stipulation. agreement and covenwnt oi the aete and t~L1s Mortliage~ ai'
either, or ln sny sWL or per,c~edlntr ~t l~w or !p equlty to v?~hlch tt~e Mort~a~ee sh~il De and became ~r party tn reterence
to the Mort~a~oYr lnter~est 1n the prrmises hesein mort~a~ed, or tn sustaWt~ tAe Iien or prlorlty oi thb ~[ort~a~e; the
smounts of any wch cad~ c!u?r~es. ~xpenses and fees ahall siw be deemed e cMtrse and lndebtcednea ~scured bereby
end bewr interest at the s~?s nte ~s tl~e prutcipal lndabtednea~.
7. In the ~vent ot a delault in any of the eovenant~ ot thls Mort~age, the Mort~~gee is e~xps+erly ~fven the dYht,
which may be exec~eised at aay time durtng the e~cistenee ot s~cy defsult and ~o lon~ as a default ~11 e~dst, to ta1~e poases-
sion uf and hold the premtsea. wltA or v~ithout procer~ of law, and collect and recelve the reats. Lrruas and protlts
thrretram, with or without takln~ poMesdon of the pretnbea, and to apply the rents. lasues and prontf io tbe p~nnent
af expenses. charYes aad Rmounts due and payaWe under Ne pravisiotu a! the note wud tNs Mort~~+e. The Mortsa~or
asd~r~s ~nd transters unto the Morttaie~ the rents. iswes and pronts of the premise~ !or the purpase dores~id. The tsk-
ing ot po~s~edan of the premises and the coU~ction oi the rents by the Martga~ee shall !n no 9?a,y watve the rf~ht ot t!?e
Mortga~ee to forecloae thls Mort~a~e because of a detaul~
Md the Mort~a~ee may. at any tla~e pebding s suit upon thls Mort~aCe, apply to the Court 1saWt~ iurbdiction of
such suit for the appointment ot a receiver ot ~ll and sityrular the premises a~nd ths rents, issuea and pro~ts thereof, a?nd
thereupon the Court sh,sll forthwith, as a striM mRtter ot rt~ht in the Mort~ayTee, oad wlthout aonddettttian o! t6e
value ot Ne mort~sged premiser as aecurity for the amounta due the Mortga~ee, or the solveacy ot uty penon or peraons
bound fbr the pa~yr:~ent of such amounta~ und without natice, appoiat a retxiver of ail svch premise~t with the uswi powerf
and duties Including the power to res?t the premises and to colleot the rental tt?ereaf euid thenlrom. the revenue derived
from aaid premises to be applled to the proper chargea and expenses sttending the receiverthiF, taxes aad es~easrnents
and other cheis~es e~ainst and for the protectfon of the premisea, the psYn'~ent of the indebtedness secured henby, or aa
ihe Court mey otherwise direct.
8. Ii the premises, or any psrt thereof, b taken or damaSed under any power ol eminent dom~ln or other~vise, Nea
whstever moneys sAall thereby become due the Mortga~or are hereby asaigned and ahall be petd to the Mortga~ee, who,
atter deducting all reasonable cosfs and e~cpenses which may have been lncurrecl by it ln the eoUecrion Lhereof, abail
apply the remsdnder of tha sums recelvtd t+n the payment and eaWdaction o! the 1n~debtednear ,recured herieby in iull or pro-
tanto. Any surplus of such moneys oves and above the emounis neceaaary to pay 1n tuA ei11 lndebtedne~s herebY secured
shall be paid 4o tha Mortgagor.
9. 'Y'he Mortgegee aha11 havc the right at any W!ie and fmm tlme to tims, and without notice to or consent o4 any
pecson, to release any portion of the pretnises irorn the IIen of thlt Mortgage and to eutend the tlme ot payment o! all or
any part of the indebtedness, without affecting or releasin~ tde personal liabilDty of sny person liable for the psyment o!
any sum or interest secured hereby and without in aaywise alterin~, vnrying or dimliilshin~ the force, eitect or lien o!
this Mortgage on all of the premlaes not apeclScnlly releaied fiom the lien ot thLs Mortgage by the Mortgage~e.
Ttic~ coveaants hereln conWned shall bind, and the b~emrII4 and retv~rntages shell inure to. the respectlve heJis, exrcu-
tors. adminlstrators. suoeearors, and ssstpss of the parttes hereto. Whenever used. the stn~ular number shall inelude tt?e
piural. the plural We dagult~r, and the use of any Qa?der thali inciude all ~endera. It i~ inLended ttut thls Mort~e and
the note hereby secured are msde with reference to uW sbali be c~nstrued as a Florida contract and ~werned by the
laws thereot.
IN WITNESS WHE:REOF, the Mortgagor herefn avemM has hereunto set hL hatW and seal the day snd year nrst
above written.
S4gned, Sealed and Yktivered
in the P'resenee of: : -
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