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Home My WebLink About0751 IT IS MUTUALLY AGREED THATt l. In ccse defoult shall be mode in the poymer~t of ony instalment of scid note or of interest thereor~ when due or if the~e sholl be a foilure o~ tfie port of Mo~gors to comply with cny covencnt, :condition or provision of this mo~tgoge, then the scid note ond the whole indebtedneu secured by this mo~igoye including all payments for toxes, ossessments, insurance premiums, liens, co6ts, expe~ses ond ottomey's fees herein specified sholl, ot the option of Mort~ cnd without ~otice to Mortgagors (such notice bein~ hereby expressly w~oived), become due and col ectible ot once by foreclosure o~ othenrvise. 2. As furthe~ security for the fulflllment of Mort ogo~s' obligations, Mort~gors hereby assign to Mortgagee all p~eseni and future leoses ond he~eby gro~tgMo~tgegee the ~ight, powe~ cnd outhority to col- lect all rents, issues, ond profits of the p~emises, intludin~ but not limited to a~y oil, gos ond minerol leases cnd any bonus, rents and ~oycities poyabie thereun~~; Qnd upon any default Mortgo~ee is he~eby em- powered to enter upon and take possession of the premises, to let the some, to receive cil rents, issues and profits thereof either due or to become due and to opply such receipts in poyment of necessary cho~ges ond expenses and or~ occount of scid indebtedness, ond Mo~gc~gee's acts, os outhorized in this parogroph, shall noi in any way cffect its ~ights of foreclosure and oppointment of o receiver, o~ other rights of enforce- ment, as hereinafte~ provided. 3. If the note and mortgoge or either of them sholl be Placed in th. Fwnds of an attomey for collection or foreclosure, o~ if Mortgagee voluntcrily or involunia~ily becomes or is rrwde a porty to any suit w pro- ceeding relcting to the premises or to this mortgage or soid note, Mortgagors sF~il reimburse Mortgcgee for its reosawble attomey's fees, costs and expense of procuring absiracts o~ othe~ evidences of title ond title insuronce in tonnection therewith. 4. If any proceedi~gs sholl be brought to foreclose this mo~tgage a~ to collect the indebtedness hereby secured, Mortgcgee sholl be entitied as a matter of righi, without notice to Mortgogors or cny person clcim- ing under them ond without regard to the adequacy of the security or whether the some shcll then be ' otzvpied by the owner of the equity of redemption os c homestead, to the immediote oppointment of a receiver with power to tcke possession of the premises, leose the some, collect oll rentcls ond profits thereof ond hold ond apply the receipts os the court may order for mcintenonce of the securiy and on account of said indebtedness. 5. Mortgagee stwll be subrogoted to the lien of ony and oll prior incumbrences, liens or chorges poid and discharged from the proceeds of the note hereby secured, onc! even though said prior liens have been re- leased of record, the repoyment of said note sholl be secured by such liens on the portians of said premises aff~ected thereby to the extent of such poyments, respectively. 6. Whenever by the terms of this instrumeni or of said note Mortgogee is given ony option, such option may be exercised when the right accrues, or ct cny time thereafter. 7. All Mortgagors slwll be jantly and severolly liable for fulfillment of their covenonts and cgree- ments herein contained, and cll provisions of this mortgage sholl inure to ond be binding upon the heirs, executors, administrotors, successors, grontees, lessees cnd assigns of the porties hereto, respectively. 8. Notwithsto~ding cnything in this rrwrtgage or the note secured hereby to the contrary, neither this mortgage nor said note sholl be deemed to impo6e on the Mortgogors crry obligation of pcyment, excep! to the extent that the same moy be legally enforceoble; and any provision to the tontrory shall be of no force or effect. 9. My ov~rord of domoges under condemnation for injury to, or taking of, any part or all of said Prc~perty is hereby assigned t~o Mortgc~gee with cuthority to opply or relecse the moneys received, as abave pro~vided for insurortce loss proceeds. ~41~~ Lines 45, 46, 47 and 48 stricken before execution. (SEAU IN FIITNESS iiI~REOF, INLAND FRUIT C0. has caused its corporate seal to be hereto affixed and these presents to be executed in f~s corporate name by its duly authorized ; officers as of the day and year first above written, in two counterparts, each ~5~~ ~ of which shall be an original. Such counterparts, hoWeve constitute but one and i the same instrument. FADIT . ~ 6 By: • . C , Jr., t F Attes • ~ iTilli D. Bsrbi~elni ~ &:cr~~ ' ~ ' In the Prese ce of : ~ b ' _ _ v i ~ t~, V:y i ~..`~•~r Received ; In Paym~t of laxet dUE9n Clut s . ~ C !ntangible Pertonal Frop~rt; pursuant o ~:~~apter 2i ~ ~.i. la?Ms , s~ ~ • , . of Florida. Acts ot 1941. : ; . , _ ~ ' j . ~y,• . . . - ~~rn,.' ~ ' ~ Q~ 1ax Co;lec ~ndian RivH Counh. laid~. • ` /al i ~ ~ This instrument was prepared by Dale F. Sharpee, Loan Representative, ~ The Northwestern Mutual Life Insurance Com~pany, Suite 1301, 100 Biacayne Boulevard, ~ Hiami, Florida 33132. ~ L- ~ ~ ~ ~ ~ ~ ~ ~ aooK 172 PAGE ?49 ` ~ ; _ ~ , ~ ~ . r , . + ~ - - y~. -