The URL can be used to link to this page

Home My WebLink About1427 6. To pay sU snd singular the costs, cha~ges, exprnses and attorney's (res reasonably incu~zM or pald at any tlme by the Mo~tgagee because ot any defeult as to en~• stlpulation, ngreement and covenant ot the note and thls Mortgage, or either, or in eny suit or proceeding at law or in e~~utty to which the Mortgagee shall be and become a perty irt reterence to tAe Mortgagor's tnterest irt the premises hereln mortgag~d, or in sustaining the lien or prlority of thls Mortgage; Ne amounts ot any such cc~sts, charges, expenses and tees shall also be deemed a charge nnd indebtedness aecured hereby and bear interest at t'ne seme rate as the principal indebtedness. T. In the event of a detautt in eny ot the caeenaats ot this Mortgage, the biortgagee Is expresaly glven the rlght. which may be exercised at any Wne during the existence ot any default and so long as a default shall exist, to take postes- sion of and hold the premises, with or without process oi law, and cullect and recelve the rents, itsues and protlts theretrnm, witA or wlthout taking pos~ession oi the prPmtses, and to spply the rents, tasues and proSts to the psyment ot expenses, charges and amounts due and payable under the pro~isions ot lhe note eu~d thia Mortgage. The blortgagor assigns and transfers unto the Mortgagee 1he rents, issues and proflts of the prnmises for the pu~pose afotesald. The tak- ing ot possession of the premises and the collection ot the rents by the Mortgagee ahall fn no way walve the rlght ot the Mortgagee to toreclose this Mortgage because ot a detault. Md the Mortgagee may. at any time pending a suit uport this blortgage, apply to the Court havtng jurlsdictton of such suit [or the appointment of a recei~~er ot all and singular the premisea and the rents, issues and pm8ts theteof, and thereupon the Court shaU forthw3th, as a strict matter ot right in the I?iortgagee, and wfthout consideratlon ot ihe value ot the mortga~,ed premises as secu~ity for the amounts due the I?iortgagee, or the sohency of any person or persons bound for the payment ot such amounts, and without notlce, appoint a receiver o[ all such premises with the usual powe~ and duties induding the power to rent the premises and to coltect the rental thereof and theretrom, the revenue decived feom said premises to be applied to the proper charges end expenses attending the receivershtp, taxes and asaessmenta and nther charges agatnst and for the pmtectioa ot the premises. the payment a[ the indebtedness secured hereby, or as the Court may otherwise direct. • 8. If the premises, or any part thereot, Ls taken or damaged under any power ot emtnent domatn or otheiwlse, then whatecer moneys shsil tt~ereby become due the Mortgagor are hereby assigned and shall be paid to the Morigagee. who. atter deducting all reasonable costs and expenses whlch may ha~•e been [ncurred by it In the collection thereof. ahall apply the remainder ot the sums ceceived to the peyment and satlstact~on oi the indebtedness secured hereby !n full or pro- tanto. Any surplus of such moneys over and ebore the amounts necessary to pay l~ full all indebtedness hereby aecured shall be padd to the riortgagor. 9. The Mortgagee shall have the right at nny tlme and trom time to ttme, and without notice to or consent of any person, tn release any portion of the premises trom the lien o[ this biortgage and to extend the time of payment of all or any part of the inAebtedness, without atfeccing or releasing the personal liabilily of any petson Hable tor the payment of any sum or interest secured hereDy and without in anywise altering, varying or diminishing the force, etfect or lien oi this Mortgage on all ot the premises not speci6cally relee~Sed trom the ?ien o[ this Mortgage by the Idortgagee. ~I ~ ~ The covenants herein contafned shall bind, and the beneBts and edvantages shall inure w, the respectfve heirs, execu- tors, admlNstraton, succestots, and asslgns of the parties hereto. Whenever used, the singular number shall include tht plural. the plural tAe aingular, ewd the use of any gender ahall include all genders. It is intended that thls Mortgage and the note hereby secured are made with reference to and shalt be rnnstrued as a Florida contract and ~overaed by the laws thet~eoL IN WIINESS WHEREOF, the Mortgagor herein named has hernunto set his hand and seal the day and year Sist above wdttea. ~ Signed, Sealed and Delivered in the Presence ot: ~ . , , -y- _ , ' ` ` - ~t (,:.jc~ C ~ .L~.L 1~-1~-- - • --_f.~.L (SEAL) Michael J. Laur tano ~ ~ r- . --t~ ~ ~ ; . - - ! ~ ~ / L _.~~,.~.~-'-~t-•--' ~ - - C..L..L~.:~ . s._. ~!..(SEAL) ~ LiYlian J. L~~ritano , , ~ ~ , ~ . ~71~7'3L[.-f/~ICLilt-~ (SEAI.) - - . ~ _ _ - . . . ~ . ` -/-.~l~-C.~..~ _ ~ . . . _ _ - - . - _ _ -----cs~,.i..~ . ~ £ ~ . 3 3 ~ ~ # f 80~1(~ PACf~~~ / ~ ' ~ ~'G<L ~ / / Q ' ' f ( c~ i / ~ ~i ? /i ~ ~ L . ~ 3 - . ,;.s _ - ' r~ ==.a_~t~n.~'~._.3._ ~ ~Y , .:s.~~