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HomeMy WebLinkAbout1131 ;i „ i i ~ i ~i 8. 'fha: ( a) in the tvent of any breach of thu mort gage or ddault on tht part of the Mcxtgagvra or ( b,l 'ui thr e~•ent any of said sums of maney herrin referred tu be not procuptly and fully paid as the same severally became due end i payable, or ( c) in the event any of the rnnditiors and covm znts of the mortcage note or ariy renewul, extension or mudi- ~ fication thFrcof, and of this mortgage, are nat pron?pdy and fc~lly perEonned, di;charged, ic~inpli:~i wi.', an<l :1Li;1<~i! hy~, ~ i~ then, in eidiQr or any~ such event, the prlncipal sum set out in the mort~age note then re•m,tii~ii~g unpais, togrthar a7th ~ accrued interest, and aU moneys secured hereby, shall 1x~com~ and bc immediately due and payable st thr option of :4furt~;ag~c~ ~ H•ithout notice or demand ~vhich are hereby expreuly wai~•cc1, in w~hich event Alurtgcge~e may avail itself of all rightt and ; ;i remedies, at law or in equ?ty, a:~d this mort~age may be foreclosed with all righ:s anel remedies affordeci by the laws of ; ~'lorida and Mortgagort shall pay all costs, c:harges and e~cgenses thereof, inclucling a reasonable att~~ruey's fee. ~ ~ 9. No delay by Mortgagee in Hzercising any ri~ht or remeciy heteimder, or otherw•ise affordeci by !aw, shall opc:rate ' as a waiver thereof or preclude the exercise thereof dwing the a~ntinuar.ce of any default hereunder. No waiver by 1ltrrlgagee ~ LS i~ of any default shall constitute a waiver of or consent to subseyu~nt defaiilts. i i~ 10. If default be made in payment, when due, of any indebtedness sccur~~d hereby, or in performan~ of any of Jfvrt~ngors' obligatio~s, convenanLs ox agrements her~under: ~ ~j (a) ,tfortgagee is suthorized at any time, ~ti~thout r.otice, in its sole discret~on to enter upisn and take ~w+.ession ~ ~I of the mo;tgaged property ur any part thereof, to p~rform a~iy acts ~~fortgagee deems necessary or proper to muserve the ~ ~ sec:un~y• and to collert und receia~e all rents, issues aad profits thereof; includin~ those pa~t due as well as those accruing ~ i; thereafter, and ~ i ; j ( b) In the event suit is instituteri to fur~•close t his mo-tga ~e nr rnforce payment of any claims hereunder, ~ Mortgcgee shall be entided, as a matter of strict right and without regar~ to the valuv or adequacy of the security, to have j I~ a receivez appointed to enter upon and takr possession of the m~~rtgaged property, crollect the rents ar.d p;ofits the~rfrom and { II apply the same as the court may direct, such recei~•er to have all the rights aad powers permitted under ihe laws of F'larida. ~ ln cither such cace tifortgagee or the receiver may aLso take possession of and use any and all personal property ij contained in the preinises and used by Mort~ugors in ihe rental or leasing thereof or any part thereo#. 'fhe expense ~i ( including receiver'S fees, counsel fees, co;ts and agent's cempensation ) in~curred piusuant to the powcxs herein con- , tained shall be stcurecl hereby. Mortgagee shall ( after payment of all c~5ts and expenses incuned ) apply such rents, ~j iss~ies and profits received by it on the indehtedness secured hereby in such order as blortgogee dPterntines. The ~i rip,ht to entu and take pouession of the mortgaged property, to manage and operatc the same, end to coUect the rents, ~ issues and profits thereof, whether by a receiver or othenvise, shall be cumulative to any other right or remedy hereunder or affarded by law, and may be exercised concurrendy therewith or independenti~• thereof. Mnrt~vgee shall be liable to account ~ j; only for such rents, issues and profits actually received by bf orto~ee. 11. btort a o~s shall dul ~ g g y, prompdy and futly perEorm, discharge, comply with and ahide by each and every co~•en- i ant and condiGon in the mortgage note or any rene~cal, ext~nsion of modification thereof, and in this mortgage set forth. I, 12. The couvenants and rnnditions herein wntnined ehall bind ard the benefits and advantag~ shall inure to the 4 respec.tive heirs, executors, administrators, succc~sors and assigns of the pazties hereto. V4'herever used, the singular number i f; shall inclt~de tho plural, the plural the singular, and the use of ar.y gender c~all applicable to all geiiders. All covenants, j ~i agreements and undertakings shall be joint and several. i li 13. This mortgage and the mortgage note rnnstitute a Fldrida cantiact and shal] be construed acording to the laws nf that State. The Mortgagors hereby waive ali homesteacl exempkion granted by ehe Constitu!ion and I~w~s of the State of ~ ; Flarida. I ~I IN R7TNF,SS WHEREOF, t!~e Mortgagor.c have ezecutc+d this inctrument under seal on the day and year first above ( ;t~ritten. ~j y~ ~ , ~ - s , li 4~- !ls>~cf ti ,~:~:t...._ ` ' i I . . . . . j . . . . . _ . ~ Siil1L.1 / 1 Signed, sealed and deti~•ered tt H~pjI~t~'8 ~ j in the presence of: ~ , ' ! j' • ; . .(SEAL) I i . ~ ~ ' ~an Holmes ; . ' 4 ~ . . ' . .i ..{....f~.~~...... ' ~ ' ~ . . . ~ . r'/ ~ . - ' :..~X~:i.!c..~..... - ..~.L~ :C= . . . . = ~ ~ ~ b'TATE OF FI.ORIDA r ~ . ~ il ~ ~ ' , . . . . ~ - - ~ ~~I , CnLT:~1'Y nF. ....S.~,a....~r.u S ` " ~ , cze ~ , ~ , . • . i; Before me personaly appeared..........~n~tt....HOlri1~5 3I1C3 Li.llian Holmes,Y ~18~•~W~~fQ_' . , ~ . ;tf~,i J•.~, to me «•eil known and known to me to be the indi~•iduai..$..._..described ia and who ezecutacl ihe foregoitig -}4as~~s~}ment, and.•~ , , / . . ii acknov:ledged before me that.......the~ eacecuted th^ same for the purposec therein expressed.~'•. . WITNESS mv hand and officiai seal this.._........3 rd rTun~ 65 ~ day of..._.. - ~=1 19......... . ~ , I , . _ _ ~ l_ ~ ~v : ~ ; ...................._~ti~:•'•--..........'.`.:•-- .:1..--~--....... ~ , otarf Puhlic, State of P'lorida at Large I ~ I~1y COmmi~~iOII 2lpirCS: i ~i STAT'E t7F FT.ORIDA • . ~ • , ~ r r ~i ~ . ,-S r ..np , . ~ " ~ SS t. ~ ~ . ~ - ' couNrY o~ . . , . ~ - _ . _ . I~ . a , ~ $efore rne persona:l5' aPPeazed and to me a•ell known and knaw~n to ~I me to be the ................................PresidenY anc?..._..... ............Secretary, respectively, of........._...._.............._.....- i~ ....................--_--..---_•-----.........................---........................................_........,the corporation natued in the fo:egoing instrument, and ~i kno~s~n to me to be the persons wha as such ~fficers af said c;rporation executc~d the same; and then and there the said i~ ofticers of said corp~ration did acknowledge before me that sa:d instrument is the free act and deed of said a~rporation by th~:u *e~~.ertive!y exec~~crd as such officers far tFie purposes therein expres.ecl; that the seal thereunto attached is the e.~nr- porate seal by them in iike capacity affiued; all under authoritv in th~m dul~ vested by the Board rrf Directon of said corF,rratioa. ~ WITN~SS m hand and afficial seal this---............ y ........................day of................ 19......... ~ I II I~otary Public, State of Flarida at I.arAc My ccmmission ezp:rr,s: !I r Ii 90~k I~ I,