HomeMy WebLinkAbout2918 curred b~ Mortgagec in connection with • aa~ auit to entoroe collectioa or to foreclose this mortgage in t6e event
thjs mortgage aad the aote or other indebtedneaa and amonnb hereb~ ieenrcd be pleced ia the 6aAds of an attosae~
for collect~oa, and for tha payment of sll sach smonnb this mortgage s6a11 stand as secarity aad an~ iueh sum or
sums so pald shall become s part of t6e indebtedaas secnrod bereb~.
7. In case Mortgagor ahall fail to promptl~ discharge an~ obligation or co~enaat as pro~rWed bereia,
Morigagee ahal! have the option, but no obligation, to peeform aa behalf oi Mortgag~or. An~ amount wLieL Mort-
gagee ma~ ezpend in pesiormIng sncL act or in conaection therewith, with interest tLereon st the sate oi eight
per cent (896) per snnum, togethes with all ezpensa, including reasonable attorney's fees incurred by 111ortgagee,
shall be immediatel~ payable by Mortgagor and sLall be seenred b~ this mortgage, and Mortgagee sbaU be anbro-
gated to an~ rlghb, eqnities or liens so dischsrgod.
8. That ii the psincipal or interest oa the note Leeeia described or any part of the indebtedness securtd
hereby or interest thereon be not paid when dne, or If ~Iortgagor ahall fail to pay any tuts, assessments, ehargey
or impositiona as the same become dat and payable, or if defsnlt be made in the fnll and prompt performance
of an~ eorenaa! or agreement Lercin contained, or if any proceedings bc instituted to abate an~ nnisance on t6e
Mortgaged Premiscs or if an~ proceedings be institnted which might result to the detriment ot the nse and
enjoymeat of the ptemisea, or it Mortgagor s6a11 make an assignment for the beaetit of creditors, or if a re-
ceiver, liquidator or trustee of ~iortgagor or any of Mortgagor'a pmperty be bppointed, or if 3lortgagor is adjndi-
cated a bankrnpt or inaolvent or any oi the ptoperty of Mortgagor be aeqneatered, or if Mortgagor filta or
consenta to the filing of any petition or proceeding under tbe National Bankruptcy Act or similar State or
Fedetal Statntea, as now or hereafter in effect, or if such pe~tion or procecding is filed agaiast Mortgagor and
not dismissod within sizty (60) days after aaeh filing, or if Mortgagor shall admit inability to pay debts as
they become due, or if Mortgagor be a rnrporation, if its directors or stockholders shall inatitute or consent to any
proeeedinge for the dissolntioa or liqnidation of Mortgegor or fail to do all things neeesaary to maintaia the
ezistence of Mortgagwr, or if any law shall be enaeted or decision rendered by any eonrt of last reaort imposing
any tu or asaessment not now in eifect upon this mortgage, or the note aecnred hereby, or any interest of 11iort-
Sagee ia the Mortgaged Premises, or rcndering inoperative the nndertsl~ings of Mortgagor to pa~ all tazes
arising ae a resnlt of this transsction other than tazes on the intereat income hereftom, or which resnlts in the
dcdnetioa from valnes of landa, for taz pnrposes, of the amonnt of any lien hereon, or altering the lawa for the
tazing of mortgages or debts secnred t6ereby, then on the happening of any one or more of these eventa, thL+
conveyance sLall become absolnte and the whole indebtednes secvred hereby ahall immediately become dne and
payable at the option of Mortgag~ee and this mortgsgt may ibennpon be foreclosed for the wbole of said money,
fnterest and eosts, or Mortgagee may foreclose only as to sums past dne withont injury to this mortgsge or the
displacemwt or impaisment of the remainder of the liea thereof, and at anch fon:closnre aale the property ~
ahall be aold anbject to all remaining itcros of indehtedness and the Mortgagee may again foreclose in the same ~
manner as often as there may be any sum paat dne. i
9. If at any time after defanlt by Mortgagor a teceiverahip may be noceasary in the opinlon of Mortgagee
to protect the lien hereof, or at tLe time of or after tbe insEitntion of anit to collect the indebtedness henby secnsed,
or to forecIose this mortgage, 3fortgagce shall, as an admitted eqnity an~ aa a mstter of striM right and regard-
less of the valne of the prnperty, or the solveney or insolvencp of Mortgsgor or any party bonnd for the paqment
of the indebtedness have the right to appoint, on ez psrte application and withont notiee to anyone by any
proper conit having jnrisdiction, of a receiver, whicL receiver shall hsve all of tht broad and effective powers
and functions in any wise entrusted by tLe contt to s receiver to take charge of, manage, preservc, maintain, 4
cere for and prot~ect the Mortgaged Premiaes and to coilect rents, issna, proceeda, prodnce, profit, income and j
revenues of the Mortgaged Premises fmm whatsoever sonrce derived; to malce all necessary or needfal repsirs ~
and to c~tivate, operate, dast, prane, fartilise, lime, drain, irrigate and pmtect from damage by fire, the timber, ,
fielda, pastnres, orchards, citras groves and all other agricnltnrai devetopments tocated on the hiortgaged Premises ~
and to market th~ producte thereof and receive and coltect the proceeds thereof and anch receisership shall, at
the option of hiostgagee, continae nntil the fall payment of all anms hereby secured, or nntil tide to the biort-
gaged Pnmisea shall have passed on sale under a foreclosnre of this mortgage.
IT Is Aaassn that granting any e:tension of time of papment of any snm coming dne under the note aforesaid
or nnder this mortgage, to anp person, or the taking of other or sdditional security for the paqment thereof, ~
the waiver of, or failnre to exercise,,any right to mature t6e whole debt or any other waiver by 1liortgagee shall not
in any wise atfeet this mortgage or t~te rights of ~fortgag~ee herennder, or operate as s release of any liability or
any covenant or stipulation herein conta~ipcd. The st~vtral rig6ts and remediea in this mortgag~e contained, ptovided,
declared or authoriaed, sha11 be construea aad ~eemed as enmulative and no one or more of them as ezclusive of
the other or any of the others or of eny rigl?ts or remediea which now or hereafter may be given or allowed by law.
:liortgagor unconditionally grants to Mortgagee the right to enter npon and inspect the Mortgaged Premisra '
~ st all reasonable times. ~
The words "Mortgagor' and "Mortgagee" wbea nsed herein shall be taken to inclnde the singular and~R~i}ral ~
jnamber and mascaline, feminine or nentes gender, as msy fit the case, and shall inclnde the heirs, ad~~td'~str~tors, i
~ ~e:ecntors, snccesaora and asaigna of the parties Lereto. Bach and all of the terms and pmvisions hr.~eof aj~a}~ ~
~end to and be a part ot any renewal or eztension of tLis mortgage. In the event that there i~ ~oorQ•~iri onC.'~'•., ;
_ 1_y ~ortgagor, t6en, st the option of Mortgagce, any act or action by, oa behalf of or sgainst either ~oqFtgagd~t,~i~3~1 : ~
oave t6e same effect as though by, on behalf of or against all mortgagors. - J s r~'.^
" : . : c.-_ '
`;r=: This mortgage and the note secured hereby constitnte a Florids contract and ahall be constraqd~ ~+~oidiag'
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1 ao~ ~57 P~~ 517 :
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