HomeMy WebLinkAbout1159 6. '!b p~y ~11 and singul~r the coacs, chsrgea, cxpeoses end attorney's tees reawnably incurred or pald at any Wn~
by the Mortga`ee beause ot any def~ult t~s to eny stlpulado~. egreement and covenant ot the ewte and tAls Mort~a~t. oe
elther. or !n any sult or proceeding st law or it~ equity to whtcA the Mortgagee shall be and become a party in eeterence
to the Mortgagor's Interest la the premtses heretn mortgaged, or !n sustatning the lie~ or pelorlty ot thls Mortss~e; the
amounts of eny such cast~ charges. expenses and tees ahall alao be deemed a char~e and lndebtedness recured Mreb~?
and beu ieterest at the ssme rste as the principal indebtednesa.
7. In the event ot a bet~ult in any oi the coveaants oi thls Mort~e, tAe Mortgagee b axpreasly ~ivea the eisht~
wAich may be exercistd et any Ume durtng the exlatence oi any deteult and so lon~ as e detault ahall exist. to t~lce passe~-
slon of and hold the premises. with or without procest ot law, end coIIect and recetve t4a rents„ lawes at~d prptlts
theretrom. with or witlwut taki~g poatesston of the premises. and W sDP1Y U?e rents. It~ues and prosts to tbe
p11yAlOAt
ot expenses, charges and amounts due and payaWe under the pravlsions oi tbe note uid tl~f= Moctg~e. TAe ~tort~~or
adgns ewd transters unto the Mortgagee We rents, issurs and pmflts oi the premtaes tor the purpo~e aforeqtd, ~Le tak-
ing oi po.sseaalon oL the premtses and the coUecUon of the renta by the Mostgsgee shaU la ~o ary? watve the rl~ht ot the
Mortgagee to foreclose this Morigage because ot s default
And the Mortgagee msy. at any time perdin~ a suit upoa thls Mortgage. apply to the Court havfn~ ~uisdiMbn ot
such sult for the appointment oi a receiver oi sll and singular the premises and the repts~ tssuea aad proSts thereat. wnd
tdereupon the Court ahall lorihwith~ as a strict matter oi rlght in the Mortgagee. and wlthout owisider~tion of the
value of the mortgaged premises as security for the smounts due the Mortgagee. or the solvetiry ot eny penon or persont
bound Lor the psyment ot such emounts. and without notice. appoint a reeetver oi all such premisa wlih tAe usualpo~w~a
and duUes including the power to rent the ptemises and to collect the rental thereoi and tAerettom. tAe revenue detived
irom said premises to be applied to the pmper charges and expenses attending the recetvership~ taxes aM aasesWpenb
and other charges agafiut and tor the protectlon of the premiaes„ Lhe psyment af the lndebtedness secured l~ereby, or as
the Court may otherwix direcL
S. If the premiaes„ or any part tl~ereof. is taken or damaged under ar~y power ot emineat domai~e or otl~e~vfs~ thea
wMtever maieys shall thereby become due the Mortgagor ae~e hereby aaslgned and shall be patd to the Mortga~ee. wnq,
e[ter deducting all reasonable costs and expenaes wNch m~,yr have been tneureYd by it in the coAectlon ther~w~ a6~t1t
apply the remainder of the swns recetved to the paymeAt and satistactlon of the Indebtednas securPd hereby !n full or pra .
tanto. My surplus of such moneys over and above the amouats necesaary to pay in full dl lndebtednese hereb~r securad
shall be paid to the l~ortgsgor.
9. The Mortgagee shalt have the right at any time and fmm tlme to time. and without noUce to or canseat o! any
person. to releuse any porUon of the premises irom the Uen of thts Mortgeige and to extend the Wne of payment of W or
any part ot the indebtedness, without aftecting or releasiag the personal liabWty of any perspn iW~le for the psymeat oi
any sum or intereat secured hereby and without In anywlse altering. varying or dimiNshing the force. etiect or Uen oi
this Mortgage on all ot the premises not speci8cally released Irom the lien ot tAis Mortgage by the Mort~a~ee.
Tbe coveuants LereW oontalaed shali bired. and Lhe beneBts and sdvantages shall inure to, tbe xa~ectlve bMe's. exe~u-
:.^.s~ sda~alstri~rl, a+a~r~. end assigna ot the perttes hereto. Whea~.wer uaed. the sin=ular number sbaIl iaclude ttw
plural. tl~e pluswl tbe dn~ulu. and the uae oi any gendar atisll inctude all ~enden. It b intendcd tbat tNs Martsap asd
the aott hereb~? ~ecumi are made with reference to and sball be construed as a F'loriAa contract aad ;avesn~d b~r tlr~
laws tbereot.
IIJ WITNFSS WHERDOF. tAe Mortgagor herPin named has hereunto set hts hud and ~eal ~ the ds~ and rea~r llsrt
aaove writtea.
Signed, Sealed aad Delivered
fn the Presence of:
1~/ _ ~ ...._...._(SF.AI.)
~
Adolf G. RA
~
•x---~~...•~~'-' ~ ($EAL)
, CarOlyn I~Roth
. --....._........---~---------•----~---•-------•---•----_....._...tsEAL)
.
~
....-n••• --......_.....--••--•-•••••.••--•--..........__......--•••...._..-----•-•-•--.<SEAL)
~ .
. ,
. ~
~ .~Q~K202 ~1~59
;
~ - ~ _ - -