HomeMy WebLinkAbout0917 13. I( default be made ia paynnent, whea due, of any i~idebtnJneu ~ecured hereby, or in per[ormancc of ~~y of 1ltort-
±~agor i qbligationa, covenanq or agrcemenq he~euader:
(a) I~iortgagee is aucborued at any tims, without notice, in ib solc discretion to enter upon and take posscssion ot thc
prenuus or any pact theaot, to pedorm any acb Mongagee deems neccuary or proper to conun~e the security and to collect
and receire all rcnts. issua and pmiib thereof. including thoae past due as well as thox accruing thereafter. and
. (b) Mortgagee shaU be entitled, as a matter ot ttrict right and without ~egard to the ~~alue or occupancy of the security,
to ha~•e a recei~~er appointed to e~te~ upon and take po~tession o! the prcmisca. collect the rents and proGts th~re(rom and apply
the same as the court may direct, such receiver to have aU the rights and powen permitted u~der the laws ot Florida.
In either such case I?tortgagee or the receiver may also take paucssion of, and [or theu purposes use~ any and all personal
pmperty contained in the premius and used try Mottgagor in the rental or leasing thereof or any part thercof. The cxpense
(including recei~er's fees, counsel tees, costs and agent's compensatioo) incurted punuant to the powen herein contained shall
tx secured heceby. ltiortgagee shall (a[ter {~.ayment o( all ewu and expenscs incurred) apply such rents, iuues and protits"r~cci~~ed
by it on the indebtedneu secured hereby in such order as Mortgagee determines. The right to enter and take posses.sion of saic!
property, to manage and operate the saine, and to collect the renb, iuuts and profits thereof, whether by a receia•cr or otherwise,
shaA be cumulative to any other rigAt or ~emedy hereunder or af[orded by law, and may be exercised concurrently therewith
or indepee?dently thereot. Mortgagee shall be liable to account only for such renu, issues and protits actuaUy recei~~ed by 1liortgagee.
14. If the indebted~eu secured hereby ia r?ow or henafter further secured by chattel mongages, pledga, tontracts o(
guaranty. assigrtmenu o[ leasa, or other securities, or i( the premixs hereby encumbercd consisu of more than one parcel,
\iortgagee may at iu option exhaust any one or more of said securities and the security hereunder, or such parceLl of the secu~ity
hereunder, either concurrently or independently, and in such order as it may determine.
15. No delay by Mortgagee in exercising any right or remedy hereunder, or otherwise af(otded by law, shall operate :u a
waiver th~rec~f or preclude tAe exercise thereof during the continuance of any default hereund~r. IVo wai~•~r by Mortgagee of any
detault shall constitute a waiver of or consent to subsequent defaults_
16. Without af(ecting the liability of a~y penon( other than any penon released punuant hereto) for payment o( any
indebtedaess secured he~eby, and without aftecting the priority o~ actent of the li~n hereof upon any property not specifically
released pursuant hereto, I~fortgagee may at any timo and from time to timc, without notice aad without limitation as to anv
Icgal right or pri~~ilege o( ~iortgagee: ~
(a) Retease any person liable for payment of any indebtedntss securcd hereby.
(b) F.xtend the time or agrce to alter the tertns of payment of any of the indebtedness.
(c ) Accept additionat security of any kind.
(d) Ret~ase any property securing the indebtedness.
(e) Consent to the cr~ation of any easement on or o~~er the pnmis~s or any cevenanu ratricting use or occupanry thercof.
17. Any agreement hereafter made by Mortgagor and \iortgagee punuant to this mortgagr shall be supcrior to thc righcs
of the holder of any intervening lien or encumbrance.
18. Mortgagor hereby wai~rs aU right of homestead exemption in the ptopcrty subject to this mortgage.
!9. The co~•enants and agreements herein contained shall bind and the bencfits and advantages shall inute to the respocci~•e
heirs, executors, administ~aton, successon and assigns of the parties heroto. Wherever used, th~ singular number shall include
the plural, the plural the singular, and the use of any gender shall be applicable to aU genden. All covenants, agreements and
undertakings shall be ioint and se~•eral. In the event additional numbered covenar~cs are tor convenience inserted in this mortgage
following the legal dacription, such additional covenants shall be read and gir•en effect as though tollowing this covenant in
consecutive order.
20. Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the 1ltortgagor prior to
the due date of the aext such paymeat, constitute an event oE deiault under this mortgage. At 1lfortgagee's option, Mortgagor wiU
pay a"late charge" not exeeeding four per centum ~496) of any installment when paid mort than fifteen (15) days after t6e
due date thereot to cover the extra upense ~nvolved in handling dclinquent paymenu, but such "late charge" shall not be payable
out ot the proceeds of any sale made to satisfy the indebtednas secured hereby, unleu suc6 proceeds are su[ficient to discharge the
entire indebtedness_
--•M.____ . _ _ ~ ~
~ (CORPORATE SEAL) ~'•~r~l t~ie grnntor {~as cauaed tf~ese presenls to S
~j ~e ~x~cutec~ in ifs name, nnd its co?porale sea~ to be ~ereunto af
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ixed, by i!s i
. rlOnPr A~ricrrs !/i~reunto ~u~y autf~orizec~, the ~ay and year ~irst above wriKen.
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t HEREBY CERTIFY that on this ~ati, before me, an offic~r dul~ authorited in tl~t Sute awd C•or~t~ ~faresaid to ~
penenafiv appe+u.td ~~ldiil Ft. AI14~EiSOI1 3I1C1 ~lIl1C Procino ''~~~jh~
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