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HomeMy WebLinkAbout1169 l . ~ ~ ~ 6, Zb py? all ~nd dngular tbe oosts. char~ea. expenses and attorney's tees re~onabq tncucred ~ pald at aay ttau py tAe Mortss~ee becawe ot aqy detault es to aqy sUpulattoA. asreement and oovenant ot tM twte and tWs Mostta~. ot eltLer. or 1n ~r sult or proaedin~ at la~r or !n equltr to wNcl~ the MortQa~ee shall be aad become a p~rty fn reTereno~ to tbe Mort~or's lnter~at 1n We premises Aereln m or in suatalntns the Uen or prtorlqr a[ tbN Mocft~Y~: tM amouats ot ae?~? wch oosh. c1~ar~s. exP~n~es aad tees a~ be deemed • cA~rQe aad lndabtedaa~ Ncuerd h~r~b0? and Deu fater~st at the s~ rate ~s tbe psL?clpal Indebtedne~. Z In the event at a 8ehult in any of tM oowaanb oi tWs 1[ortBaTe. l~ ~P~y t~ the sl~h~, whtch msy be exerci~ed at at~y tla~e durln~ tLe e~ddenoe ot aap default and w loas as s default al~W extd. to take pos~e~- don oi and hold tLe premisa, witR or wiWatt prooe~s ot law. ~nd ooUeat and reoelve tAe rent~ l~sues and proIIb therttrom. wlth or wltnout taldns po~asioa of the preml~es. uW W aPP1Y Urs rentt. b~.:es and pront~ to t2~e payna~at a! expe~a. char~es and unounb due and payaWe nnder ths provlaioas o! tLe note aad tNs Mort~~e. The ldortsa~or a~ and tnmten unto tbe Mort~asee the reat~, l~ues and Pmnb ot the premi~es for tLe puipo~s dore~ld. Tbe tak• Mort~e~ee to Loreclae Mori~~e because of a defsultrents Dy tAe Mort~a~e Mall fn no wp rraive tbe ti~ht ot the wnd tLe Mortga~ee m~y. at ~y Ume pendlns ~ suit upon tNs Mort~a~e. app~i to tbe Court bavla~ iurlsdtctbn ot sucA sutt for the appo~ntmeut of a reaiver ot all and da~ular the premisa aud t~e r~ts„ fasues and pronb thereo~ and thereupon the Oourt sAall fortAwlth, as a strict instter ot rl~ht in the Mort~a~ee. wd without oooddertUon ot tlie value at tl~e mort~aged prem~ea as ~ecndty for tbe amonnb due the Mortga~Qee. or the solvency ot any per~on or pe:swis bound for the p~yment ot such amouah. and without nottoe. aPPolat a reoeiver ot W such prnmlua v?ith ths uswl powets and dutles lacluding tAe pov?er to rest the premises and to collect the renW tAereof and thenh'oan. tM reveaue derived irom safd premises to be aPPlkd to the proper ctur~es and expensea attending tl~e reeelvenhip. taxes and aare~naenb and other chae~es aQainst and for the protectlon of the preml~es. the pynneat oi the Indebtednds iecured bereby. or a~ tl~e Court may othen~ise direct S IL !be premises, or any part tMriof. 4 taken or dam~ed uader a~r power oi eminent danala os otherwlse, then wl~atever moneya shari thereDy bece~e due the Mort~a~or aer berebY an~gned aad s6a11 be pald to t2~e Mortsare~, w~ after deductina all reasonaDle oosfs and expen~es whlch ma7 Aave been lncnrnd by it in the oWlecfion tber~w~ abW app~? ~~r oi wch moneys aver and ~tRe amouab to pa~r ln~tull~all Wdebte~ hereby securad sMll be patd W the Mort~a~or. 9. T!?e Mort~a~ee shW hsve tl~e rlgbt at aW? time and tmaa Wine to tia?e. and without nottee Lo or can~eat o~ aq~? Person. W releaae any poTtlan o~t tAe preanlsea i~+om tue llen ot thls Mortgage aM to e~ctend tbe time ot p~yment o! all ee ~LY W*t oi the indebtedne~, withont attectlnS or releasins the pasonal UabWtY of any person 14We for the p~ymeat at any sum or Wterest sccured hereby and wlthrn?t in anywire alter(na. varyin~ or dinninishin~ t!u tat+ce. eftect ~ Hea a[ thls Mortgage on all oi the premisea not speciflcaiq? relcased trom the lfen oi tL1s MortB~S~ bY tUe Mort~a~ee. T6e oo~vaeanb •ber~in contatned shsll Diad. and tAe benen4 and ~dvaatages shall iaure to, tLe rapectlve Iktrs. eze~u- toss. afinfalstratora. suaoaror~ aad a~m oi the partks hereto. W1~ner used~ tlu dnsular numbes shall fadnae tM Nunl. tLe ptnnl the dn~ulae'. aOd tLe we of auy ~eader a~aII fa~lade all ~eade:s. It 4 intended tbat tlifs f[o~t~e and the n~e hereb~r secared are ms8e wlth reterence to aud a~W be oo~struM as a Florlda ooatract and ~averned b~? th~ Lws tLereoL IN WTl'NF~SS WHERDOF. tbe li[wrtg~or hereln naraed has hereunto ~et his hana aad se~l the dyr aad reu nest aba~re vtltt,en. St~ed. 3ealed and Delirabd !n tbe Pe+~oe os: ~ . + , f s~ - . ; John T. McHugh ~ tl3EAL) ~ . - (3EAL) , ~ -._.._...(SEAL) °a~~~ t~~~J v~ ~ ~ . <~-z.: - : _