HomeMy WebLinkAbout0580 advauices made by the Mortgagee, and (iii) all taxes ;
;
f
or assessments, except any taxes, assessment or other ~
i
charges subject to which the Mortgaged Premises (
t
c
:
e~Kll hsyo {~on Qnl~_ t
i
Second: To the payment of the whole amount ~
then due under th~ Notc for principal and accrued
interest.
Third: To the payment of any other sums ~
required to be paid by the Mortgagor pursuant to ~
F
any provisions of this Mortgage or of the Note,
including all expenses (including reasonable counsel
fees) liabilities and advances made or incurred by ;
. ;
the Mortgagee under this Mortqage or in connection
~
with the enforcement thereof, together with interest ;
~
at the rate of 10$ per annum, on all such advances. `
Fourth: To the payment of the surplus, if any,
.~i~a1..A a..
~0 ~t1O~.~O~Yf.'I liidY 1.)E3 1G~W11~?llY C1lbli..iCU i.V La'..v41vc.: -
the same.
~
` (e) Upon any sale made hereunder, the Mortgagee
~
~
~ may bid for and acquire the Mortgaged Premises or any part
~
t thereof and in lieu of paying cash therefor may make settlement
;
z for the purchase price by crediting upon the indebtedness
~
¢ of the '~ortgagor secured by this Mortgage the net sales
~
~ price after deducting therefrom the expsnses of the sale
~
~ and the costs of the action and any other sums which the
~
~
~ Mortgagee is authorized to deduct under this tdortgage.
~ The :~ortqagee, upon so acquiring the Mortgaged Premises
~
~
~
~ or any part thereof shall be entitled to hold, lease, rent,
~ operate, mana_qe, and sell the same in any manner provided
a~ ,
1
by applicable laws. `
14. After the happening of any default hereunder
and during its continuance or upon the commencement of legal
proceeding by the Mortgagee to foreclose the lien of or
c~ t
enforce this Mortgage the Mortgagor will (a) waive the issuance ~
i
_ ~ao~198 PA~ 5
E ~ ~
' PAUL b THOM$OH, ~31I FIR9T NATIONAL DANK BUILDINp. MIAM1, FLO~i1~A 33131 '
~