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by tAe Mos~asee becau~raqy deloau~lt as
~e
~ at~e+e
ment aad cov~en~iu~t o~t Ne ao~ wd ~ lRortBa~. a
elWer. or la suit ot prooeedin~ at 1Rw oe ~n eQutty to wlilch the Mort~a~ee shW be and beowne ~ patt,~? Iu reterenw
to Ne Mottsa~ori lettet+eat !a tb~ premLes hhreln most,~a~ed. or ln asta[nl~ tAe Uen or prlorlt~r a[ tah Mo~~~ tM
amounts ot aay such costs, charap„ expeaies aad Laaa ahall al~o be deemed a cha~.-.na tnaeeceaaa. .~cur.a n.re~
aad beat lnterest Rt the sata~ nte ar tbe priwclpai lndeDtednem
' T. In the eveat ad a default Lt aRy ot the ooveaant~ at thls Mort~ass. tbe ~[o~a~ee 1t enPe~ea~t~? ~lvea tbe cuh~
whlch mqy be exercised at any Ume duriru the existenoe ot aq~? detault and w lant ~s a ddault shW adat, to take pos~ea.
don of and hold the premi~. wiW or withatt p:~ocels at L~?. and oailect utd reoehro tbe t~tb, Lae~s aad pra!!ts
theretmm. wiW or wlthout takin~ po~edon ot the premisea. u?d to ~pp1~ tAe reat~ I~wes atW pro~tt to ttr p~ymeat
oi exPenses. chae8~s and amounts due and payaWe under ths provWom ot tbe note aod Ws Mort~aee. TLe Yortp~ar
asdSns and trans[era unto tUe Mart~a~ss the rent~ isuss and pm8ts ot tAe prembea ior tl~e puepose dorea~ld. ZLe tak-
~S ~ P~~ of tbe pretnbes and the oollectioa ot tt~e rea4 by the Mott~a~ee shall !d aa war watve We rl~ht ot tlre
Mortge~ee W toreclose thls Mort~a~e beesuse pi R d~efault
And the Mortia~ee nu~+. at at~y time pendln~ ~ wit upon tNs Mort~a~ +~PP4' ~ tbe Court bavin~ ~urLdictbn at
such sult for the appotntment of a reoe[ver oi W euid dn~uLu the prembes and We reAts, fasues and pmsb Wereoi. aeW
thereupon tl~e Court shall forthwitU. as a strlM matter ot ri~ht In the Mort~a~ee. and without oandder~tloa a~ the
value oi the mort~a~ed preails~ as serudq? for tLe amounb due tLe Mort~a~ee~ or tlte aolvency ot aqy per~on or persoy
bOLlla tOT LRe p~yl1!!A~ OL ~i1CZl tiYlOlIAL~ il1Q M~IOt1L AOvClr aPPO~A~ t t!0lIY!! Ot 81I i11CTl QrC~Ci r?IUl UI@ llil{v p0'Y~Q~
and dutles lnduding the po~wer W re~t tlie premises and to oollect the reaW thereot and tLeretram~ tbs reveaue deeived
irom ssid premises to be applled to tLe ProPee' charees and expensa ~ttendfng the receiveishtP. taxes and a~se~eraenb
and other charges agalnrt and for tLe proteMian of tAe pr~nlses, the pqyment oi the inckbtednas secured htreDy. or as
the Court mqy oiherwtee dirr~.t
wMtever moneys
s~hall tl~re~by b~eco~ne due~ tM ldortga~'~
rebY a~sigue~d aad shaII De patd~ Mort8+K~0. ~
aiter deducting all ressonable cosfs and expeiuss whtcb may have been tncnrnd by it 1n the oollecttoa tberco~ at~a11 ~
•PPLY the remainder oi the auns seoeived to tLe pyrment and ntidactton ot the indebtedne~s securcd bereb~ it? luli or pro-
tanto. Any surplus ~ wcb moneys over aad above tbe amounts necessary to P+U? 1n !ull ~11 indeDLedne~ hereb~r aecured
shall be psid to the Mort~agor.
9. The Mortga~ee shall Mve the rl~t?t at any Ume wQ fmm Wrie to tline. and w?itMut notlce W or consent of aq7r
Persoa. to release any portion ot the preanlses trnm the llen of tht~ Mortgsge a~ to extend the tfine ot pq?aient o! all or
any part of tUe lndebtedned„ wlthont a~ctln~ or nleadns the perso:?al liapWty o! any person lfabie for the pqyment ot
any mm or interest ~ecured hereby and wlttaut ia anywtse alterin~. ~aqin~ or dtm~ish~nB the fat~ee. ettect or lleA a[
this Mortgage on all o! t~e premisa Aot'peciAcal~y rele~sed irom the lkn ot tNs Mortgage Dy the Moit~agee.
I0. This mortgage is subje ct to a coastruction loan agreement o~f even date.
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° y~ F TAY.E'C
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R[,Lt'1ED 5~
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;..~0.`~Gi~:: ?f~A~°L P"f~s'~'~~
~.~t~ f'i GiA~S ?t:'24. IrC:r OF 1:ri.
FUkSUANT TC ~ ;r~
IiCu:t :.C'J!I
~o,L~ F~?t~s, c~: ~ r
. s., .•~~c~ KN~~~1~;, 1R
- as A~e~? O,..y,:..
SL LLCi~ Gcu;,ty Zax l;~,i`ectat
~y ` ~ !G~-~-------'_'
D~°Url CLEFK
i
~ The oo~veneats hereln oontained :haIl b~eW. and tve beaeII4 and ~dvante~es stull tnure to. the rapectlve hdri. pcecu- `
' tos; admfnistrator~. suooa~so:a? and assi~s oi the D~ hereto. Whenrver used. U?e singular number shall lnciu~e tlre ~
I P~ur+1, tbe plural tbe dngul~', ~ the ~e oi anY ~mder shsII include all ~ende:a. It 4 intended ttut tAis Mortgage and ~
l L tt~ereo~ ~cured ~u+e made w1tA referenee to snd tball be ooa~strned as a Florida oo~tract and ~avers~ed b~r Lbe
l
k IN WITN~.S VPHERDOF, the Mo~rtgagor hereia named hat hereunto set Lis hand and ~eal the d~r and ~ear nrst
E above v?r(tten.
Signed, 3ealed a~ed Delfverea ~
in the Presence of:
~y Manuel Szapiro, a single man~~~
cs~.~
_._~~..<sFr?i.?
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- _ soo~181 PA~E2484
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