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oe ~d~Ct~w~ ~~ab~l~
~o~~q
~~atb 1o~tb! ~~,~e
'~y at~anqs~a00 ~j~1s.• ~~itl a~
oo~na~t~aa ~b~~~ ~ntu aaw. o~ ~e~werd 6~MLtl~~ u~a ot ibl~ u~oetp~.
m~nip ~ooatroi ~
~LcK~ Pe~
ie
~ a~oonduct~bu~n
~ lb~r~o~ on0. ~
~
cf) m.ln .u a.o....r~? aadp~o~r maiaan.no.r r~pair.. r~a.w..ts~ r~plaa~aa. .a~dunao.. b~tar-
n~b ~ad b tl~ aod tMeroa atd pure~w oe of~urwlM aoQuie+~ additlaaai !lstuew,
~t? ~V: u -
(ii) iasure Qe ]oNp th~ l[aci~ar Pe~op~eV? ins~e~d: .
(11i) and operat~ tbe r~r u~d ex~rcLe all tbe ri~hb aad powers aI the
"Baera~vee"
~
i~arm~ ae oR~erwl~
wi~tb -resps~tp~o ffie sur~;
(iv) eat+a~ iat~ W aad all ~neab wtth rapect to tbe ~cez^cls~ b~ othtn o[ up o[ tbe po~w~en
hare~a ~rantisd th~ 'Za~der". -
all as the "I.eadae" ~rotn time to time myr detern~iae to be to ib baR ~dvaata~e: and~ the "i.ender'" mq
collect aad t~eceivs all the inca~e. revenua. rwt~. i~wa and pro~tib ot the snme, it~eludias thae p~st due as
~veU as thwe ac~ruin~ tlre:'wtl~'. and. ~iter dodt~ctie~ .
(u) All e~cpea~es a[ tal~ins. haldtn~. aad operatin~ the ~d~ed Properb (~~~M
~that~oe
ti n
el
~to
"Bo~rra~ivesr"~~e~icti~ p~i~rtiaul~ia Para~ph
1.10 a~ Artlrle~l
herein as the "I.e~dei" ma~ determine to pq: . .
i~ita aad punhases ti~ ~P~• ~~~?aL. raplacemenb. additions. betternnenb. imProw:-
(ce) The cost ot such insuranoe; .
(dd) such tazes. ass~amenb sad other charges prlor to the liea o~ th3s mortlp~Se as t6e 'Z.eader" ayy
deternoit~e to P~Y:
(ee) other pzoper charSes upan the Martga8ed Praper4Y ~Y P~'t t~?ereat: and
(ii) the reaaonabk connPensatioa~. e:penses aad disburaements a~ the atta:aeys and ag~nt a~ the
"I~tader", •
shall app~jr the reaoaindez ed the maaeys so received by the "I.ender", firat to tbe payment oi aocrued intierest•
sec~d to the payment atp~~de~osib required in Paregrap~ 1.OQ ad Article 1; and third to the p~ayment o~ -
overdue iastallments a~ pai.
(e) ~Vhenever all that is due upon such interest~ tai depo~t andpru~c~'pal installa~ents and under at~y t
oi the terms oi this shali have been~paid~and all defaults made good. the "I.eader" shall sunr~er .
P~~, haare~v~er~~eziat~~ sub~equent Event
~ De~.tault shall~oocur~and be ceatiin~ -
2.04 ~eed~et It at~y eve~at ad deisult shall liave oocurred and be_ oontia~~, '~.e~dee" sball be en-
titled, as a~matter oi strict right and witbout regard to the value or oocu~pancy ~ tfie securlt,y. to have a re-
eeiver a mted ~to eater upon a~ take po~aession oi the p coIIert the renb and pro2~ts theretrom
and app~the same as the oonrt may .direct, such reoeiver to ha~ the rights and powera peraiitted ~n~r
the laws of Flocida The ezpenses. including receiaer's fees. oounael fees, cosfs and ageat'scompe~
tiaq ia-
curretl pursuaat to the powers hereia c~ontained shall be s~ur~ herehy. The r~ght to ent~r a~d ~ poeses-
aiou oi saud property. toman~g
e and operate the same. to oollect the reats. iss~ea and b whether
by a receiver a~ otherwise. lsl~a
1 be cumulative to aqy other t or remedy b~ac ati by Lw.
and may be ezercised caacurr~nt therevnith or independen ~ereof. "I.endn" shall be liable to acraunt
i
~jr ior such renta. iasues and proi'its actual~y received by . wbether rec~ived purs~ant to this Para-
B~Ph 3.04 0~ the p~eoeding ParaBraph 2.04-
' 2.05 "~.e~er's" Powet o[ Saloreeareak Ii aa Bvent ~ Deiault ahall hav~e oocurred and be oontinu-
f ing. tbe °I.eader" may. either with or without entry or takin8 Pos~sion as hereinabove provided oe other-
Wi~e, Pra'eed bY suit or suits at law oa~ in equity or by aqy offier aPP~P~~ P ~~dY (a) to
i eniorce payment of the notie or. the Psrtormanoe oi any term hereoi or aqy other righk b) to forecloee this
mortgage and to seU, as an entirety or in separate lots or paroels„ the Ma~tgaged ProperfY. under ~~ble
ment or decree o~ e court or courts of competent jurisdicti~, and (c) to putsue oth~ remedy a
to ik all as the "I.e~r" shall deem most efiectual for such purpoees. The "I.rnd~ shall tate action eiffier
by~~yPmceed~engs~~by the eaercise of its powers with respect to eabrs? ar talCinB Posae~o~. as the
.~I
~ •
Z,06 . I,ef~e~ The "I.eader", at the "I.ender's" o~iiao. is suth~ized to foreclafe this ma~tgage sub~ect ~
to the rights of aqy tenanta of the M~rt~a8ed PmQertY. and the isilure to malceaqy such tenants parties de-
fendants to any such foreclosure prooee~n8 and to foreclaae their rights will not be, nor be asserted to be ;
by the "Horrower", a ckiea~e to aay u~atituted by the "I.ender" to collect the s~uns secured here- ~
by. o~' eny deficieac}? remainin8 unPai aiter the toreclosure sale a~ tbe Ma~tgaged Property. ~
,
g.p? lrlndpal aad Iaterest Eeoo~me D~e oa 8ale. Upon t oi suit or forecloaure oi this mort= f
~ at~o~~'ice beoa~me ap~d be~immediately due and ~
bl~y declared due, snd the interest aocrued thereon, shall i
2.08 . P~+e,Lase b~ "t.es~er". Upon a~? such fareclosure aal~ pursusut to - ~udicial Prooeedings. the
"I.ender" may bid for and purcha~e the Morts ed Propert~? a~, upon compliance with the terms oi sale,
ma~? hold, retain and poesess and disP~ P~Y m ita own abaolute righf without further socounta-
bihty.
2.09 Appliastloa ot IaieDteie~s Towsrd l~t~ei~ss ltlee. Upan any such iorecla~ure sale. pursuant to F
. jndiciai proocedings. the "I.ender" taay. it permitted by law aiter allowing for the proportion oi tbe total
gurchase price required to- be Paid in cash tar tbe costs anc~ ezpenses "of the ssle, oo~p~sati~ and other
~harSes. in~ng the purchaae prioe. ePP~.Y P~ P~ce ~ Portion oi or all sums due to the
"I.ender" under-
- t6e note and this mortgage. m lieu of cash. to the amount wYuch shall, upon distribution
02 the net prooeeds oi such sale. be payable thereon. _
Z.10 ~Yaf~er ol A Valoatlo~, 8b7. E:tendo~. asd ~ede~tlow I.aws. The "Borrawer" agrees
to the full e~ctent perm~iv that in case oi a deiault a~ ib part hereunder. neither the 'Borrower"
nor aayo~ne clai:nin6 throu8l? o~ uader it shaU ar ~viU set up, claim ez aeek to take advantage oi any ap-
prai~~enk valuatla~. st~Y. esteadon or redemptian laws naar oa~ hereafter in farce, in order to prevez~t o~r
hinder the eaforoement a~ foreclost~re of ffiis mflrtgage, a~r the absolute sale o~ the praperty hereby ooz~veyed.
or the final and abolutepu
t~t~inB into pos~eadoa thereot. immediatel,~? aiter s~ch sa1e. o~ the purcbaaers ther~t,. .
and the "Hori^o~var". far it~eli and all w?ho may at any time claim turo~ti ae undes i here~y waives to tl~e
rau e:tent us.! it aW? Lwfulu .o aa we b~xHt or w such l.ars, ana w? ana all r~g1,t to hav~e the a~set.
comvrised in the security intended to be created here marshalled upona~y faciclasure of the lien hereoi
a~ +y~~as~aat ~tire"~' a' ~ court havlut iuri~~oa to torecla.e wcln lieu may sell the Mortgs~ed
~iRY
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