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advancea made by the Mortgagee, and (iii) all taxes
or assessments, except any taxes, assessment or other ;
~ charges subject to which the Mortgaged Premises
shall have been sold.
Second: To the payment of the who2e amount ~
~
then due under the Note for principal and accrued !
interest. -
Third: To the payment of amy other sums ;
3
required to be paid by the Mortgagor pursuant to
any provisions of this Mortgage or of the Note,
includinq ~11 expenses ~including reasonable counsel
fees) liabilities and advances made or incurred by
the Mortgagee under this Mortgage 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,
t4 whomsoever may be lawfully entitled to receive
the same.
~ (e) Upon any sale made hereunder, the Mortgagee
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may bid for and acquire the Mortgaged Pre.i!tises or any part
thereof and in lieu of paying cash therefor may make settlement
~ for the purchase price by crediting upon the indebtedness
of the Mortgagor secured by this Mortgaqe the net sales
price after deducting therefrom the expenses of the sale
and the costs of the action and any other sums which the
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Mortgagee is authorized to deduct under this tdortqaqe.
The Mortqagee, upon so acquiring the Mortgaged Premises
or any part thereof shall be entitled to hold, lease, rent,
operate, manage, and sell the same in any manner provided
~ by applicable laws.
I4. After the happening of any default hereunder
and durin_q its continuance or upon the cor~?encement of legal
proceeding by the tdortga~gee to foreclose the lien of or
enforce this Mortgage the Mortgagor will (a) waive the issuance
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BOOK PA6f
PAUL S 7tIpM~ON, 1314 FIR~T NATIONAL EANK SUILDINf3, MIAM1, PLORIDA 33131