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8. It is further covenanted and agreed that if at any time in the
opinion of the Mortgagee a receivership may be necessary to protect the
mortgaged property, or its rents, issues, profits, crops or produce,
whether before or after maturity of the indbbtedness hereby secured, or
at the time of or after the institution of suit to collect such indebted-
ness, or Lo enforce this mortgage, the Mortgagee shall, as a matter of
strict right and regardless of the value of the morLgage security for
the amounts due hereunder or secured hereby, or,of ~he solvency of any
party bound for the payment of such indebtedness, have the right to the
appointment on ex parte application, and without notice to anyone, by
any Court having jurisdiction, of a receiver to take charge of, manage,
preserve, protect and operate said property, to collect the rents, issues,
profits and income thereof, and to pay all taxes and assessments against
said property and insurance premiums for insurance thereon and after the
payment of the expenses of the receivership and ~snagement of the property
to apply the net proceeds in reduction of the indebtedness hereby sacured
or in such manner as the Court shall direct. Such receivership shall,
at the option of the Mortgagee, continue until full paym ent of all sums
hereby secured, or until title to said property shall have passed by sale
under this mortg~ge:.
9. The Mortgagor hereby waives all right of homestead and exemption
granted by the Constitution and laws of Floricta, It is specifically
agreed that time is of the essence of this contract and that no waiver
by the Mortga.gee or any obligation hereunder or of the obl~gations secured
hereby sha11 at any time thereafter be held to be a waiver of the te~nis
hereof or of the obligation secured hereby.
10. If foreclosure proceedings of any second mortgage or second
trust deed or any gfinior lien of any kind should be instituted, the
Mortgagee may, at her aption, immediately or thereafter declare this
mortgage and the indebtedness secured hereby due_and payable.
11. Th~t in the event the premises hereby mortgaged, or any part
thereof, shall be condemned and taken for public use under the power of
eminent domain, a11 daraages awarded for the taking of or damages to said
premises shall be paid to the Mortgagee, up to the amount then unpaid
on this mortgage and the obligation secured hereby and may be applied
upon the payments last payable under this mortgage and the obligation
secured hereby.
12. It is covenanted and agreed that the terms "Mortgagor" and
"Mortgagee" for convenience herein employed, and any pronouns used in
connection therewith, shall be construed to include the plural as well ~ -
as the singular numbet; and the masculine, feminine and neuter gender,
whenever and wherever the context so admits or requires; and that all
covenants and obligations of the respective parties hereto shall extend
to and be obligatory upon their heirs, legal representatives, successors
and assigns.
IN WITNESS WHEREOF, the said"Mortgagor has hereunto set its hand
and seal the day and year first above written.
.i•:iiilj~.~..~
MISSION GROVES, INC . , A ~~:OTt~~l~{1~^ .
CORPO - . . .
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By . - • - "
. . IIg OII - I'6$~ E t'
Attest: - ' ~
r ~''.n ~ . J' L~ . .
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ecretary
_
STATE OF FLORIDA )
COUNTY OF ST. LUCIE ; 5S:
I HEREBY CERTIFY, that on this T~,/ day of June, 1968, before me,
the undersigned authortiy, personally appeared E. P. Congdon and Neva C.
Strong, to me known to be the persons described in and who executetithe
foregoing instrument as President and Secrt~ary respectively of Misson
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