HomeMy WebLinkAbout1031 6. To pay W and ~i~ular the casts. char~es. exPen~es aad attorney's tees reawnably lncurred or paid Rt ~e?y tlm~
by the Mortsasee Decause ot acpr defaWt as to aay stlpulaUon. a~eement and covensnt ot the aote and Ws Mort~a~e. oe'
either. or W aqy suit or ptooeedin~ ~t law or in equltp to wNcA tbe D[ortQaQee shall be snd become a party !a tefereno~
to the Mort~a~o~'s tntenri ln the premisa heretn tnortsased. or ln sustaWns tAe Uen or prlodq? u[ tA1s l[oct~ss~: tt?t
amounts ot a~y wcl~ cast~ cMr~a. expen~es and fea shall also be daemed • char~ wd InBebbdneat Ncuc~d Mnb'7
and bear lnterest at the suae nte as the prlnclpal indebtednea.
7. In the event oi a default W any oi the oovensnts ot this Mort~a~e, the Hort~a~e~ 1~ expe~? stven t1~e rlsht~
whicl~ may t~e exercfsed at ~qy ttme durin~ the exfstence of aay default and w lon~ ~s a dei~ult ahall exid, to Wce po~er
sion oi and hold We pnmises. wftA or witAout proces ot law. aad coUect and recetve tAe rent~ L~aes aad ptotits
therctrom. witl~ or without taking po~eestion of the pnmlaes. snd to applY tbe rwts. lnttea uW Pson4 to tl~t p~aeat
ot expenmes, c1?ar8ea and unounb dne and payable under the provisions ot tl~e note and tl~is Mort~a~t. The Mortsa~ar
adgns and trsnders unW Ne Mort~a~ee the rents. i~sues and pmflts ot the premises for tt?e puipose aforeaW. The tak-
ing of poa~eaqon ot the premi~es and the collectioa of the rents by the Mort~a~ee ahall in ao wq? wralw tl~e rl~ht ot tM
Mortgagee to foreclose thls Mort~age Decause oi a defaul~
Md the Mortgagee may+. at any Ume pending a suft upon thls MortQa~e. apply to the Court bavin~ ~urtdictbn oi
such sult for the appolntment oi a receiver of all an8 dnguler the premises and the rent~ lawes and Pronts thereot. sad
thereupon the Court shall forthwltl~, as a strict matter ot rlQht tn the Mort~ee. and without oonsidersUon ot the
value of the mortgaYed premiset as secnrih? for the amounts due the Mortga~e, or the snlvenry ot any persoa or peraons
bound tor the payment of such amounts. aad without notfoe. appo[ut a recelver of W sucA prembea ~rith the uswl powe~
and dutles including the poMrer to t+ent the premises and to collect the rental thereot and tl~eretrom. the revenue tkrlved ~
irom said premises to be appDed to the proper charges and expensa attending tAe receivership. taxes ~nd ~ts [
and other char~es ~alast aAd tor tlie protectlaa o[ tLs pres~nises. the P~IY+~t ~~~~tednds secured hereDy. or as ~
the Court may ott?etwise direcL
8. If the premises. or any part thereol. b talcea or damaged under any power oL eminent domain or otherwlse~ thea
whatever moneys shall tbereby become due the Moitsa~or are hereby afaigned and shall be paid W the Mort~a~ee. who.
dter deducting all reasonable casts snd acpenses wbich may have beea Incure+ed by lt !n the oollection tl~ereo~ shall
•PP~3? ~ rematnder oi We swns received to tbe payment and sattdactlon ot the lndebtednas ~ecured hareby ia tull or pro-
tanto. Any surplus oi such moneys aver aad sbove tbe amounb neceseary to pay !n ful! all lndeDtedneas Aerebp ~ecured
shall be pafd to •the Mort~sg~or.
9. The MortgaQee ahall have the rt~ht at aay time and from Wne to Ume. and without noUce to or consent of any
person, to release any portion oi the prembea trom the llen of thls Mortgage and to extend the Ume of paya~ent ot W or
any part ot the indebtedneas, wiNont affeMing or releasins the persoi?~1 HabWty of any peraon llable for tae payment of
any sum or interest aecured hereby and witlwut in anywise alterin~. varyin~ or dlmtnishiag tbe lorce. ettect or Uen o[
this Mortgage on all oi the premises not specincally released trom the lien of thls Mortgage bq the Mort~a~ee.
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~ tors. admtnist~atois. suooea'ort? and asa[~ns o! tUe psrties hereto. Whe~ver usea. the singular number sMil include tbe
= plural. the plural tbe s[ngular. and tLe uae oi any ~ender sball include all ~enders. It b iatended that thls Mort~e and
~ the note hereby secured are made aith reference to aad ahall be aonslrned as a Florlda cvatract anA toverned by tLe
lawrs thereoL
~ IN WITNFSS WHEADOF. the Mortgagor herein named has hereunfo set his hand and aeal the dq aad year Mt
above written.
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