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HomeMy WebLinkAbout2910 ~t , ~ li 'P6at tM li a~or wW p+y all ta~ces beto~ th~ aaie b~rome detioaueat. ~bicr ma,~r be le~~ied oe a~s~ed under any law ot tla Stat~ ot~orida, or aay E'edeni I.aw. up~ th~ HortsaN+'s terut l~ said t~eai estate and eite tbat~w~ch ldi whkbay b~ levied upoa thts ~tort~a~e oc tl~e debt seeuerd heeYb~? oe tM ~ tba~eoi (Dut oal~r to tM at aot pe~o~6lblt~d 0~r law aad ooly to tbe e:lsat that ~nch will not aaake this Iwa usurlau). but escludta~ aWr incom~ tax~ Stab oc F~d~ral. lmposed oa the 1?t se. and ~rW til~ th~ ottlcfa! mreipt showios sucb pa~?a~eat with tD~ Y . tt. at +W tim~. law oe aouet decrw ~ts t~e Pa~tnt bs th~ Yotttasce oi ao~? tax. oth~r t6an income ta:. ,av Yoet~a~'s teeest in tUe mw~tsa~ed reai e~tate md improna~eots. oe levled upon the ~tortsa`e or the deDt :ecitred~he~ce~- bY or apiott t6e holder thereot. ae pro~vWa tbat stq? aa~ouat w paWp~r t6s ~tartga~ae must 0~ ccsdlted oa tbs aaorl~a~ed de~t. th~ l[ortptee s6~W havs tUe ~ to 4l~re ninet~ dyrs' writtep notke to tbe ownter a[ the mor/Yagedpre entxs, requir. io~ th~p~ymen t a[ th~ de . wim accrued interest and cbar~es. It sucb aoUce bs sivea the sald debt, ~rlth ar c~ved !a et red and cha~s,~ :hal beoome d ,payable and callectible at the expiraUon oi uld nineqr d~y~a and upon drtault lo wch pyriaant attft we~ nioeh? d+~l?=. t~i~n~ ol[ rt~ap n~U? b~ immediately toreclosed l~. Tbat ii at atp time in t6s opialon oi tbe Y~~gare~ a rsceIvenhlP msp be i~ecessarf to protect the mortg~ed pro~~r. at its reats. isaies.~ protib. oe produce. w b~r betore or aftee maturity ot tbe iadebtedntss hereby aecured. or at ~e ti,ovs os or aft~ ths ~ditntton at wit ta colkct such indeDtedaess or to enforce this ~i~e t6e 1lott~ayee shall. aa a matt~ ot strkt ri~6t ~nd re~ardiMS a~ tb~ ~alw ot tLe mo~rt~a~s seeuritv for t6e amoc~nb us ~ereunder or secured hereb7. or oi tDe aolreac7 0~ an7 pat~l~ bouad io~ t6s psyment oi such indebtedness. have ths rlgDt to the appointmeat on ez Parte aPPikatloa. and wltDout notloe to anyone. bl?aq~ Court having iurisdictk~n, ad a Becetver to take cLar~e of, auna~e. Pre~eexaa~~proteet aad opante sdd propest~ to oollect the renta. issuea. protits md income thereoi. to make all nae3a~tr~r oe 1 repair~, a'd topp ~Il tates aa~ as~menb a8ainst said properq? and insuraace psetniuau far insarance there- at. and after ~Ds - t at t6e es~es a[ tbs rceeivenLip aad mana~ement ot t6e PZ'oPe1'tY to app~ tbe aet~~proceeds in reducHon of tLe ~ securcd or in auch m aaaer as the Court a6aU direct. Such receivenhip ]l. at the ed b~r ~ ua~Wb W p~rmeat oi all sums Lenby secnrcd. or until title to eatd properfy sball Lave paaa~ 14. Tbat tbs ~s~ar14 De~eia ~d Der~ provlded sbaD not affect nor be agected b~ at1Y ot6u or inrtber ~ecnriRy tal~en or to be Wten foe tbs same indebtedaess, oraqtr pnrt thereof: and the sdd l[ort~or Lereb~r declares tLat the prop~ erq? bereiabebre mentloaed and coave~red to said l~[ortgaQee farms no part a~ any prope.rqr orrned. ~sed or cLimed by tbe a~nda ~ ~ nnd~~im~~hOm~tea~e~cem~on~or o~thes Lws and disclaims. ~raivos, and reaouncas all ld. 3hoald the Yart~a~ee atat~ time requeat in wtiUng that tLe l[ for a~d interest secured by tiis Mortgs~e and the valldity oi the ~ Lereof, the ldh~~or ctoveo a~~ b~~~ ~ writtea conPlrmation wlt~in five ds~s atter reoeipt oi sn~h written request, or said pedod o~ tlme to lBort~, L~ereof.~~ °f ~~~te aa to the amount of the indebtednesa secnred bereby or the ~alid~ oE this 1~ TbaR in tbs ev~t tLe premises Dereby aw~iged. or any part thereof. sball be condemned or ta~en ander the ~ p~emi.ges ~ be pa'i~d to t~he Mortg ~eeag to the~amot unt the dn ~ atid on !~W's g awuded for tbe taking cf ar i~t3urs' P P ort~SBe, aad m~ be aPP~d ~o aW ana~s laet pa~rable hereuader. iT. It is agreed that nothing herein contained nor any transaction reLted thereto sball be constrned or ao operate as te neqtdrs the Mortgagor to psy interest at a rategiea ter than it is now Lwiql in snch ca~e to contract for. or to mate ~ P~4ment ae to do aqy act contrary to Lw; tbst if any clauses orprovisions Lereln contained operate or wonld rospe~ tlve1~ operate to invalidate t~ts 2~ortgage or said Note ia whole or in part, then~ snch clances and pmvlsions only s~l~hall be ~eld ior mu~ht, as thougn not hereia eontained, and the remainder of tbis liortgsYe sLaII remain opentive and ia inll i~+ce aad eHeck 18. The prm?isions henof sbali be binding npoa the Mortgagor and the heirs. devisecs . personal npresentatives, suc- cessors and ass~gns oi tL~ YartgaQor. as the case msy be, and iaure to the benetit of the Hortgagee and tLe heIrs. devLgees~ ~aamed ~ ~e b~'liga~tion~s and~lia ~~id M MortSaBee. as the cas~ m~y be. Wl~ere more tLaa one Mort~a~or billb rtgagor shall be joint and ~veral. 19. All of the interest of the Mortgagors in and to the personal praperty, furniture, furnishings, fixtures and equipment now ~ hereinafter located upa~ the encumbered property ahall be deemed to be a po~tion af the security fos the indebtedneas herein meationed and cavered by thia mort~age. 20. The indebtedness secured by this Mortgage iB secured by other Mortgages and Security Agreement8 encumbering a.dditional collaterat. 21. The Mortgagars, B~rrt Sager a.nd Marilyn Sa.ger, his wife, have executed ; this Mortgage in a~der to induce Martgagee to eatend certainffnanci,al a,ccommoda- tio~s to the Mo~tgago~s Calvin Kovens a/k/a Ca1 Ko~vene and l~oz M,ark Kavens, ~ his wife, i~ being the intention of Bert 3ager and Marilyn Sager-, h38 wife, that the ` said Bert Sager and Marilyn Sager, his wife, shall have no persaoal liabilioty in ; connectian with the i~debtedneas secured hereby, - it being tbeir sale inteution to i lim3t their liability to the property encumbered thereby. , ~ THI3 IS A EihLl ni;;v i+i;: R"i GA: i. AND Tl1~ ~Ii1~l PAYr~ ~ ~ t~t ` . ~ TME SaL.~~~Cr C`ll{ ~F~; N l~~ATURIIY IS Sl~,.~~v.~,r ' T~HF,' WI ~ H: C~:t,fr ~.NT _ff~~T i: AkY. ANi~ A:1 F ADVANCEMEhTS M.i(~E 3y :f:£ MUt;TGa~;~ U~p~k 1t~E ` TERMS Of THlS MORTGAGE = IN WITNESS WHEREOF the Mortqaqor has caused these presents to be pzoperl? ezecuted on the date - aforesaid ~ € Siqn . Sealed and Delivered in the pr~nce of: ~ _ / . ` tSERL) ~ ~ C Kove , a a C Kovens r ` ~A ovene ~ ~ t - > ~v l _ ~8 ~ , ) F i~ , i c ~ 5-• ` ti~." ~ e o gere er -~_L-~ _ raF.r ~ Y° g ~ ` _ ~o~K1~9 ~ ~ ~~01 t ~ _ - ~ _ ~ ~ ~ ~ ~m. ti ~ . ; ~ _ .~~~~~:~~~r'"~~~~~ . . ;