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HomeMy WebLinkAbout1572 ~ ~ to BORROWER and although there may be no advance at the ~ time of the execution of this Mortgage. The total amount ~ of indebtedness that is secured hereunder may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed the maximum principal amount of the total sum due MORTGAGEE, plus interest thereon, , ` and any disbursements made for the payment of taxes, levies , or insurance on the property covered by this Mortgage, with ~ interest on suc~ disbursements and attorney's fees, court costs and expenses. Notwithstanding the foregoing, MORTGAGEE agrees that it will execute and deliver to MORTGAGORS a satis- faction of this Mortgage at any time that all ~eonies owing hereunder to MORTGAGEE have been paid, and all Financing Agreements heretofore referred to have been terminated accord- ing to these terms. THAT if at any time, in the opinion of the I?iORTGAGEE a receivership may be necessary to protect the mortgage property ~ or its rents, is~ues, profits, produce or revenues, at the time I i of or after the institution of suit to collect such indebted- € . ~ . ~ ness or to enforce this mortgage, the MORTGAGEE shall, as a ~ E ~ matter of strict right and regardless of the value of the ; ~ ~ mortgage security for the amounts due hereunder or secured ' ~ hereby or of the solvency of any party bound for the payment ! of such indebtedness, have the right to the appointment, by any court having jurisdiction, of a receiver to take charge of, manages preserve, protect and operate said property, to ~ collect the rents, issues, profits, income and revenues ~ thereof, to ~eake all neeessary and needful repairs, and to :-s ~ pay all taxes and assessments against said property and in- ~ ~ surance premiums for insurance thereon, and all other necessary z. ~ or required expenses and, after the payment of the expenses ~ ~ ~ ~ ~ ~ ~ -7- ~ s, ~ ~~184 FEIBELMAN, FRIEOMAN, HYMAN ~ 6RITTON ~ 229 N. E. 2ND AVENUE. MIAMi. FLORIOA i~;'; _ r`