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13. (a) Upon the completion of any foreclosure sale
or other sale. if any, made pursuant to the provisions of this
Mortgage (as distinguished f~om a sa~le of the Mortgaged Premises
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empowered to do so~ shall execute and deliver to the purchaser
or purchasers good and sufficient instruments ~nv~ying,
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assigning and trans~erring all estate, right, title and interest ~
in and to the property and riqhts sold. The Mortgaqor, if so
requested by the Mortgagee, shall ratify and confirm any such
sales by executing and delivering to the Mortgagee or to such ~
purcha$er or purchaser3 all such instrun~ents as may be advisable, ~
in the judgment of the Mortgagee, for the purpose, and as may be
designated in such request. Any such sales made hereunder
shall operate to divest all the estate, right, title, interest,
claim and demand whatsoever, whether at law or in equity, of
the Mortgaqor in and to the properties and rights so sold,
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and shall be a perpetual bar both at law and in equity }
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against the Mortqagor and against any and all persons claiming ;
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E or who may claim the same, or any part thereof from, through ~
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~ or under the Mortgagor. !
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~ (b) In the event of any foreclosure sale or
~
~ other sale, if any, made pursuant to the provisions of this
~
= Mortgage (as distinguished from a sale of the Mortgaged Premises
~ .
ti by Mortgagor), the entire principal of, and interest on, the
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~ Note, (if not previously due and payable? and all other sums
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~ required to be paid by the Mortgagor pursuant to this Mortgage
~ shall become due and payable immediately.
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~ (c) The purchase money proceeds or avails of
~ any sales made hereunder, together wfth any sums which then
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~x may be held by the Mortgagee under this Mortgage, shall be
° applied as follows: [
i~ ~
= First: To the payment of (i) the costs and expenses ~
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of such sale, (ii) liabilities and advances made or
incurred by the Mortgagee under this Mortgage together ;
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5`- with interest at the rate of 10$~ per annum on all }
_ - s00K ~~O PA6E V~Q
- -10-
PAUI S TMOM40N, ~3t4 rIRST NATIONAL DANK DUIL0ING, MIAM1, FLORIDA 33131
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