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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:
~
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` tSERL)
~ ~ C Kove , a a C Kovens
r
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