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Home My WebLink About1399 • ~ ~ h• - . ? • ~f~~ 4 r.^.:,,: ceedings. and shall be repaid to the Mortgagee. o~ hi~ heirs~ lcgal representativcs or assigns. on demand; and shall become so much additional indebtedness secured by this mo~tgage. to be paid out of the proceeds of the sale of the mortgaged premises afocesaid. if this mortgage should be foreclosed, and iE not otherwise paid by the said I?iortgago~, o~ his heirs, lega) representatives or assigns. AND tht said 1?Sortgagor, for himselE and his heirs. legal representatives and assigns. severally and jointly. further covenants aad agrces to pay all taxes, assessmenb aad chuges that may be assessed upon said premises as described above. or upon thia mortgage or the indebtedness secured hereby, without regard to any law heretofore enacted, or hereafter to be eaacted, imposing p~ymeat of the whote or aay part thereof upon the Mortgagce. or his heirs. lega! representatives or assig~s. Upon violation of this understanding or upoa the eaactment by the State of Fiorida of any law imposing payment of the whole or apy portiod oE apy of the tues~ assessments or chuges aforesaid upon the Mortgagee. his heirs, legal rep- reseatativea or assigna. or upoq the rendition by aAy eourt of competent jurisdiction of a decision to the elfect that the under- talcing by the said Mortgagor~ as hereia provided, to pay all ta~ces. assessinents or charges is lcgally inoperative or cannot be eaforced. then and in either of such events the indebtedness hereby secured. without any dcduction shall. at the option of the I?iortgagee~ or his heirs, legal represeAtatives or assigns~ become immediately due and payable. notwithstandiag anything containcd in this mortgage or any law he~etofore or hereaiter enactcd. . THE Mortgagor speci6cally covenants and agrees not to convey, transfe~ nor part with the titie to said premises direcdy or indirectly by deed. trust agceemeat~ or otherwise, nor permit or su~er himself to become divested of said title by aey proccedings either at Iaw or in equity during the continuance of said indebtcdness. unless the conscnt of the Mo~tgagee, his heirs. legal cepresentatives or assig~s be first obtained in writing. AND it is stipulated and agreed tha~ in case of default in any of the said payrnents of principal or interest. according to the tenor or eHect of the said note----meationed abore. or breach of aay of the co~enants or ag~eements herein con- tained, thea aad in any such cast the whole of the said principai sum hereby secured and the interest thereon, and any payaeents made by the Mortgagee, his heirs, legal representatives or assigns~ for rcpairs. insurance. taxes~ assessments, lieas. judgments. decrees. costs. charges, ea~penses~ abstract fees, attorney's fecs or otherwise. shall at the option of the said Mortgagee, or his heirs, legal represeaqtives or assigns. become imtuediate(y due and payabte without further notice, and this mortgage may be foreciostd in the manaer and wit~ the same effect as if the said indebtedness had otherwise matured. THE proceeds of said foreclosure shall be -applied: 6rst, to the expenses incurred hereuader, includiag a reasoaable attotney's fee for such service as may be necessary for the collection of said indebtedness and the foreclosure of this mort- gage; second. to We payment of whatev~r sum ot sums the said Mortgagee. ar his heirs, legal rtprosentativts or assigns may have paid or 6ecome liable to pay in carrying out the options. lerms and stipulations of this mortgage, together with iatereat thereon; third, to the payment aad satisfaction of sai$ note-_•-•...--and iaterest. IT is further eapressly stipulated and agreed that the Mortgagee. his heirs, legal representatives or assigns. shall have the privilege. at his option. after the doing of or the omissioa to do, by the Mortgagor, his heirs, legal representatives or assigas. of any act or thing which will constitute a default ia or breach of any of the terms, conditions and covenants herein or in said mortgage note-_....._contained. and upon the commencement. in a court of compettnt jurisdiction of a suit for the foreclosure of this mortgage, of applying for, either in and by the original bill for foreclosure or otherwise. aad ahall be entitled, as a matter of right and without regard to the value of the premises, property and estate. or the necessity, reasonableness or expediency therefor~ or the solvency or insolvency of the Mortgagce~ his h~irs, t~gat representatives or ~ assigns, and withont notice to said Mortgagor~ his heirs, tegal representatives or assigns. to the appointment of some suit- abfe person or corporation as a receiver for the property, preraises and estate hereinabove described. SUCH receiver shall have power to enter upon, rcteive, recover and take complete, entire and exclusive possession of said property, prtmises and estate, and the rents. issues and pro6ts thereof; to preserve. maintain, defend and protect such possessioa and said premises. property and estate; to tease the same for a term to be approved by the Court; to pay all taxes, assessments and levies that are or may become liens thereon; to keep the buildings. furniture and fixtnres thereon insured against 6re, wiad, storm, theft or other disaster; to make reasonable or necessary repairs and he shalt have such other powers as tuay seem proper to the CourL Snch receiver. aftor deducting all charges and expenses attending such receivership, shall apply the residue of sach rents, issues and profits to the payment and satisfactioa of this mortgag~ and the note--.....--hereby secared, or to any deficie~cy that may arise or ezist after applying the proceeda of the sale of said pnmises~ property and estate to the amonnts due und~r this mortgage, and the note.____...._.hereby secured, including interest, attoraey's fees and costs and expcnses of said foreclosure. ALL notes herein described, without preference of one note over another, are equally~ ratably and proportionately secured hereby. - THE Mortgagor. or his heirs. legal representatives or assigns further agrees to furnish such other forms of insur- anc~ in snch amounLs as may be required by said Mortgagee, his heirs, legal teprescntatives or assigns. aad the pro- visions relating to 5re insurance and poficies issued therennder shall be applicable to such other forms of insuranca i THIS mortgage and the note-__-_._.-and interest securtd hereby are to be construed according !o the laws of the State of Florida where th~ same are executed. i IT is coveaanted and agreed that the terms "~iortgagor" and "Mortgagee" for convenience herein employed, and any pronouns ustd in eonnection therewith, shall be construed to include the plural as well as the singular number, and ; the masculine, feminine and neuter gender. whenever and wherever the context so admits or reqnires; and that all cuve- f nants and obligations of the respective parties hereto shait exte~d to and be obligatocy upon theer heers, legal representatives. ~uccessors and assigns. ~ In Witness Whereof, hiortgagor ~ the date aforesaid. - - ~ , ; Sig~ed, sealed and delivtred in the psese»ce of : : ` ~ L~~ , ` - =if~...-z-l.~-- - --~AL) ' ' du ~ ` ' e Ri hardsoA ; . . , • - ~ ~ ~ - - . - - , ; - : - ~ i; / l ; - ~ - -----------~1..-- i ----•-----••------------------------------------------------------------....(SEAL) ~ f ~ ~ f E : ~204 ~i398 ~ _ f~~ ~ ~ ~ ~4oa'~ e-`TS~_ ....-a,'F~.s_ J~ 7 ~..1:'l~` . . 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