HomeMy WebLinkAbout1614 6. Tb pay all nnd dn~ulwr th~t costs, c!?ar~ea, expcnres and attorney's tees reaaonably IncurrM or paSd at any time
by the Mort=aree becaaase ot aqy deisult as to way atipulatlon~ s~reemrnt aad covenant at the awte ~nd this Maris~a~e, or
either, or tn Rny sult or proceedin~ at law or in equity to whlch the MortgaQee shall be ~nd become a party ta rete~
to the Mort~a~ora laterest 1n the premLes herein mort~ed, or in austaiNn~ the lien or prlority ~ tRh j[ort~e; the
amounts af un~r sueh costs, char~es. expenses and tees ahW eLo be deemed a char~e ~nd ia8ebtedee~ a~curad hereby
and bear lnter~+et at thr aame re~te ss the ptincip~l lndebtedn~sf.
7. Yn the eveat ai a dei~ult in aay ot the cavenanL ot this 11~ortaa~e, Ne Mort~~ee b expra~ly ~lvea the tlght.
whieh mRy be racerelaed ~t aay time durin~ the existence of any dehult and ~o long as a detault ah~ll e~dst. to take por~-
sion of and hotd the prea?fsea, aith or w+ttbout procars oi Lvn. ~nd collect ~nd recetve tM ~nents~ f~ewe~ ~wd Protita
theretrom, wfth or wltDout takin~ poMesdon o1 the pnmliea, eund Lo aPD~Y the rents, lanxes aad proltb to tDe psyment
o[ expenses, charges ~?d an?ounts dae ~nd p~yaWe under the providans oi t6e note and thi~ MortR~e. Tl~e Mortgagar
asdgns and tnnafers unto tha Mort~a~ee the rents, fasues tnd pro8ts of tl~ preml~es for the purpwe doredd. Ttje tak-
ing oY po~eaion of the premises sAd the collectl~ of the rents by the Mortg~gee thall in no wiy wuive the ri~2ft of tlie
Mortgagee to foreclose thls Mos~t~aQe becauie oi a detauit.
And the Mort~agee n?a,Y~ at any Wne peAdin6 s sult upon t,h1s Mort~ase. aPply to the Court havin~ ~urlydictian oi
such suit for We appolntmeAt of s receiver ot all end dngulu the premises ~nd the rent~, lasues and pmnb thereol, and
thenwpon the Court a~all forthwith, es s strict matter af rl~ht !n the Mort~ee. wnd without oonddentio~n of tbe
value ot the mort~Sed premises as securlty for the aa~ounts due the Martsa~ee, or the s~lvenry of ~ny persot~ or pertans
b~und for the psyment of wch a?mounts, a~ withouL noti¢e. appotut ~ recehrcr oY ail such pr~emisas with the usual po~w~tn
and duties lncludin~ the po~wer to rent the pretnlsec end to colleK the rentel lher~wt at?d therexrom, the revenue derived
from said premfaes to be spplird to ihe proper chRrBer snd expenres attcnding the recelvership, tues ~nd as~easn?enb
and other char~ea ~?Qalnst and for the protectlon o! the premt~es, the payment ot the lndebttdn~ recurM ifet~etty, or as
the Court ma~y otherwEse dlrect~
& If the premiaes, or aay pwtt Nereof, b taken or dama~cd under anY Power of eminent doau~tn or otherovlse, then
whatever moneyis shaU thereby beco~e due the Mortga~r are hereby ad~ed and ahwil be prld to the Mortg~ee, who,
atter deducW?g al] rea~eonable costs aud expen~es which may have been incut~d by it 1n t?ie eoAection the:eo~. ~hall
t~snt~o.~Any aurplw of ~ch
m~eys iover
and sbo~ve
t~e a ou~n~n~ece~r~eary w pay !n full all indebtednes~h
r
by ~iecured
ahall be pwid to the Mort~~or.
9. The Mortga~ee shall heve the right at any time and fmm t~me to time, end without aotlce to or consent of any
person, to release any portlon oi the premises irom the IIen oi this Mortgage and to eutend the tlme of payment of all or
any part of the indebtedn~t, withont affecting or releasfng the personal llabfiity of any person liable for the pe~yment oi
any sum or fnterest secttred hereby and aviihout in amywise alterfnQ, varyin~ or dtminishin~ the Yorce, ettect or lien o!
this Mortgage on all of the premisea not xpeciScaliy released irom the llen ot this Mattgage by the Mort~agee.
Tbe cevenaau herein caa~Wnecl shnll biad, eu~d the beneSts and advantagei ehail inure to, the respectfve 1?efrs, execu-
toxY, administratora, suco~oxs, and e~saigns o4 the p~rtles hereto. Whenever used, the sineulmr number sh~ll include t,l~a
piural. the plural tt~ singutar. and thc uae of any ~tnder shall 1a~lude ell Qenders. It fs lntended t2~at tbis MOltga~e ene4
ttie n~t~e liereby serared sre msde wtth reterence to aad sbail be eonatratd as e Floridar aantract and gaverned by t!?~
laws tt~ereat.
IPI WITNISS WHEREOF, the Mortgagos he~in named has heretanto ~et his hand end seal trie dq~ uad ye~r llx~rt
above vvrftten.
SiBne~l, 3ealed and D~Uvaered
in the Pe~esence o1:
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Ge O ~je g . ~2`~s trOT!$
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~ May R. ~A~nst~rong ~
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