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HomeMy WebLinkAbout0406 6. To pay etl and singular the costs, charges, expenses and ettorney's tecs mesonably incuctM or pald at any Wne ~ by the Mortgagee because ot any detault ns to any stipulntion, agreement nnd covenant ot the note snd Lhtt Mortgage. or ~ either, or in any suit or proceeding al law oc in eyuity to which the Mortgagee shall be aad Decome a party In teference t to the MortgagoYs interest in the premises herein mortgaged, or in sustaining the lien or priority o! thts Mortgage; the ~ amounts o[ any such costs, charges, expenses and tees shall also be deemed a charge snd lndebtedneas secured hereby a~d benr interest at the same rate as the principa! indebtedness. 1 7. In the event ot a defauit in any of the covenants of this riortgage, the Mortgegee 1s e~tprestly given the right. ~ which may be exercised at any Wne during the existence of any detault and so long es a detault shall extat. to talce poases- S sion ot and hold the premises, with or without proceas of law, end collect and recelve the rents. itsuea and proHts i there[rom, W ith or wtthout taking possession ot the prnm[ses, and to apply the rents. Lssues aad pro8ts to tAe psyment ' ut expenses, charges and amounts due and payable under the provisions ot !he note and thls Mortgage. 'T!?e Mortgagor ~ assigns and transfers unto the Mortgagee the rnnts, issues and pro8ts ot the prem[ses tor the puipo.9e eforeaaid. The tak- ing ot possession ot the premtses and the collection o[ the rents by the Mortgagee shall in no way w8lve the rlght of the ~ Mortgagee to foreclose this Mortgage because o! a de[ault. ~ And the Mortgagee may, at any time pend[ng s suit upon thls 1?tortgage, apply to the Court heving jurlsdiction of such suit for the appointment o[ a recei~•er ot all and si~gular the premi.es and thc rents. Lssues and pro8ts thereof, snd thereupon the Court shall forthwlth, as tt strict matter ot right in the 1lortgagee, and wlthout consideratlon of Ute value of the mortgaged prnmises as security for the amounts due the Mortgagee, or the solvency o[ any peraon or petaons bound for the payrnent ot such amounts. and without notice, appoint a recetF•er o[ all such premises wlth the usual poweis and duties including the power to rent the premises and to collect the rental thereo[ and theretrom, the revenue deHved trom said premises to be npplied tu the proper charges and expenses attending the receivership, taxes and assessments and other charges against and tor the pmtection o[ the premises, the pa~•ment o[ the indebtedness secured hereby. or as ~ the Court may othecwise dimct. ; & If the premises, or any part thereof, is taken or damaged under any Ewwer of eminent domain or othervvlae. thea whatever moneys shall thereby become due the Mo~tgagor are hereby assigned and shall be patd to tlfe Mortgagee. wh0. atter deducttng all reasonabie costs and expenses vrhicl? may ha~•e been incurcrd by it in the collecUon thereof. alull 8pply the remainder of t]~e sums recei~•ed to the payment and saitistaction ot the red;h y in full or co- P tanto. Any surplus of such moneys o~•er and above the amounts necessury to pay 1n tull 1 rideb! hereby aecured shall be paid to the Mortgagor. 9. The Mortgagee shali ha~~e the right at any time and irom lime to time, and without notice to or consent of any person, to release any portion of the premises from the lien ot this Atortgage and to exter?d the Ume of payment oi ell or any part of the indeDtedness, without aHecting or releas9ng the personal liability of any person liable for the payment oi any sum or interest secured hcreby and withnut in anyv?ise aitering, varying or diminishing the torce. effect or Ilen ot this Diortgage on all ot the prnmises not speci8cally relea~ed trom the lien ot this Mortgage by the Mortgagee. ; I r i f E { ~ ~ The covenants herein contained shall bind, and the beneBts and advantages shall inure W, the respectlve helia, e?acecu- ~ tora~ administrators, successors, and aSSigns ot the parttes hereto. Whenever used, the singular number ahall include the plural. the plural the singular, and the use of any gender shall indude all genders. It !s intended that thls Mortgage and the note hereby secured are made with reterence to and shall be construed as a Florida contract and ~overaed by the ~ laws thereoL IN V{/ITNFSS WHEREOF, the Mortgagor herein named has hereunto aet his hand and aeal the dep and yeu Mt above wdtten. Signed, Sealed and DelLvered / ~ In the Presence of: __J.`;} _ ~ ~ ~ ~ ~U F`-~. ~.,h,"Z~ : T„/i V , ~ 1`.. --~--.......---~-~-~•------~----•-----------~---•-------•--------------..._.(SEAI.) ` ~ Katherine Arnett ~ ~ ~ ~ ---------------------------~--..__~(SEAI.) ~ . - - - ~ j ~ ~ ' V ~ , ` , ~ ~ ~c.~~..~....c-'-----~-.~.-f.-..l.~l_.!.~...._.. _ ~--•--<SEAI.) _ _ ~ , ~ ~ ~ - ; --~/~`~L~C CC ~ . ~/.l-'- _ . ~sF~?L> ; - _ . • ~ ~ - ~ ~ ~ ~ ~ ~ ~ 3 t ~ ~~K~Cl4 P~ 4~ ` ~ ~ ~ ; ~ , - - _ . ~ . _..._v . } u.;~~:~ ~