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i~ediatcly and without notice. may institute proceedings to forecloee this
aortgage acd apply for the appoint~ent of a Receiver, as herelnafter provided. ~
8. If any of the sua~s of money hereir sef erred to be not prosptly and-fully paid !
Within thirty (30) days next after the sase aeverally becose due and paysble,
or if each and every the stipulations, agreemeats, co~ditiona and covenants of
said pronissory note and this deed, or either, are not duly perfor~~d, cowplied ~
with, and abided by, the aggregate eus advarced by SMA to the liortgagor under
the terms of the promissory note and this deed then remaining unpaid, less any
consideration received by SMA for making ehis loan after deducting the costs of
SMA in making this loan, shall becase due and payable forthvith or thereafter
at the option of S~, as fully and cospletely as if said aggregate sus of aaney
vere originally stipulated to be paid on such a day, anythfng in said promissory ~
note or herein to the contrary not~rithatandiag. It is the intention of SMA that i
in no event should the mortgagor pay more than the legal rate of intereat allo~r-
ed under the Laas of the State of Florida.
9. Until the default in the performance of the covenants and agree~ents of this
Mortgage, the Mortgagor shall be entitled to collect the rEnts, issuea and profits
from the prenises hereinbefore described, but in case of a default in any of the
terms of this Nortgage or the fi2ing csf a bill to forecloae this or any other -
Mortgage encumber3ng the ~i.thin described property, SMA shall imsediately, and
vithout notice and as a matter of strict right, be entitled to the appointment of
a Receiver of the mortgaged property, both real and pereonal. and af the rents,
issues, profits, prepaid rentals or security monies, depoeits and revenues thereof,
from whatsoever source derived, With the usual powers and duties of Receivers
in such cases;and such appointment shall be made by such court as a netter_of
strict right ta SMA its successors, or sesigns, and without reference to the
adequacy or inadequacy of the value of the property hereby mortgaged, or to the
solvency or insolvency of the Mortgagor, or 1~lortgagor's heirs, legal representat-
ives. successors or assigns, and that such rents, profits, prepaid rentals or
security monies, deposits, incame and reveivue shall be applied by such Receiver
to the payment of the Mortgage indebtedness, cost and charges, accordiag to the
order of such court, and such Receiver may be continued in possesaion of the said
property until the time of the sale thereof under such Forecloaure and until the
confirmation of such sale by the court.
10. That in the event of any default in paqing the said principal or intereat, the ;
rents, prepaid securities and deposits. revernie and profits of the said praaises
are hereby assigned to the holder of this Mortgage as further security for the
payment of the said indebtedness.
11. The Mortgagor shall not erect or permit to be erected any new buildings on the
premises herein mortgaged or add to or permit to be added to any of the existing ~
improvements thereon vithout the vritten consent of SMA, and in the event of any
violation or attempt to violate this stipulation this Mortgage and the indebted-
ness secured hereby shall iumediately become due and collectable at the option of
SMA. T~ keep the above described premises in first class repair and in as good
condition as they now are; to permit SMA to enter upon and view said prmiaes.
The buildings naw located on pr~nises herein or Which may hereafter be located
or erected thereon shall not be relocated thereoa or removed therefroa, altered
or r aaodeled without the written consent of SMA or assigns; and, in case of
breach of this condition, the parties so doiag or the l~brtgagor shall be liable
~ to StrlA or assigns for any damage or impairaent of the property eecuring this
' mortgage; and this mortgage and the note secured therebq ehall, in ita entiretq,
` becane ic~ediately-due and payable at the option of SMA . This mortgage lien.
' extends to any building now situate or ahich may hereafter be situate or located
on said premises and materials canposing said huildings, vhether attsched or
detached to the real estate herein; and in case of the resoval of any buildings
nav located on said pranises or vhich may hereafter be located thereon or the
; macerial camposing same during the tero of this~awrtgage to some ~ther pr~isea, -
the Zien of this mortgage shall renain and be enforceable against r~aid buildings
or materia2 ~rherever same may be moved or relocated.
12. If foreclosure proceedings of any inferior mortgage or trust deed or of anq lien
of any kit?d should be instituted,g~p may, at its option, inmediatelq or there-
after declare this riortgage and the indebtedness secur~ hereby due and payable.
13. That in the event the Hortgagor should asaigA the renta of the mortgaged prmi~at
or any part thereof Without the conaent of SMA , rhen the entire principal sus securad `
hereby shall, at the option of SMA . becooe i~ediatelq due and payable.
I4. That in the event the remises hereb mort a ed or a rt thereof
P Y . ahall be
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~ condemued and taken for public use under the pover of eainent do~ain, SMA shall
; have the right to demand that all da~ages awarded for the taking of or daaages
to said pre¦ises shall be paid to SMA, its successors or assigns. up to the
; amount then unpaid on this Nortgage aad may be applied.upon the payaent or
~ payoents last payable thereon.
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3 8p01( 2a5 PacE 690
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