HomeMy WebLinkAbout0200 1 .
6. To pay alt and singulsr the coats. chsrges, exper?aea and attorney's [ees eeasonabiy incurred or pald st any tlme
by the Mortgagee because ot any detault aa to any stlpulatlon, agreement and cove~ant ot the note and thts Mortgs~e. or
efther, or 1n eny suit or procceding at lsw or tn equity to which the Mortgagee shall be and become a party In reference
to the MortgagoYs lnterest in the ptemises hereln mortgaged, or in sustalning the lien or prlorlty o1 thb MortYa~e; the
smounts ot any such costa, charges, expenses and fees shaU alw be deemed a char~e and lndebtedness ~ecuced hereby
end beu interest et the aame rate ss the princlpsl Indebtednesa.
T. In the eve~t ot s detault i~ eny of tAe covenants of thls Mortgage, the Mortgagee b e~cpre~ly ~ivea the Nght.
which may be exercised at any Wae during the existence oi any default and so tong as a deiault ahall extst. to talce poases-
sion ot and hold the premtses, wlth or without process of law. and collect and receive the nnta, fasues and proll4
theretrom. with or witAout taking posseasion oi the premisea, and to spply the rents. Isaues and pronb to the pqymeut
ot expenses. charges and smounb due and payable under the provlaions ot the note and this Mortgsge. The Mort~agos
asalgns end transfen unto the Mortgagee the rents, issues end prnflts ot the premises for the purpose aforesaid. The tak-
ing oi poseession of the premises nnd the coUection ot the rents by the Mortgegee shall la no way walve the right of the
Mortgagee to toreclose this Mortgage becauae oi a default.
Md the Mortgagee may. at any ttme pendtng a suit upon tNs Mortgage, spply to the Court having iurladiction of
such suit tor the appointment ot a receiver of all and singulac the premises and the rents, lssues and pro8ts thereof. aad
thereupon the Court shall forthwith. aa a:tdct matter oi right ln the Mortgagee, and w[thout oonddentlon of the
velue oi the mortgaged prnmLses as security for the amounts due the Mortgagee. or the solvency oi any penon or persons
bound for the payment oi such amounts, and without noUce, sppolnt a receiver oi sll such premises wlth the usual pawea
and dut[es Including the power to rent the premises and to callect the rental thereot and theretmm, the reveaue derived
imm said premises to be applied to the proper charges and expenses attend~ng the receivership. teuces and asseasinenta
and other charges against and for the protection ot the premises. the payment of the indebtedneaa secured hereby. or as
the Court msy othetwise direc~
8. It the premises, or any part thereot, is taken or damaged under any power of emtnent domaln or otherwlse. tlun
whatever moneys shall thereby become due the Mortgagor are hereby aasfgc~ed snd shall be patd to the Mortgagee. who.
eiter deducting all reasonable costs and expenses which may have been incurred by it In the coltecUon thereof. ahall
apply the remainder of the aums recetved to the payment and satistaction of the indebtednese secured hereby in full or pro-
tanto. Any surplus of such moneys over and above the amounts necessary to pay in tull all indebtedness hereby secured
shall be paid to the 1?tort~agor.
9. The Mottgagee shall have the right at any time and trom time to time. and without noUce to or rnnsent oi any
person. to release any portton of the premises from the llen of this Mortgage and to extend the tlme oi payment oi sll or
any part of the indebtedneas, without aRecting or releasing the peraonal IlabWty ot any person liable for the payment of
any sum or interest secured hereby and wilhout ln anywise altering, vatyfng or diminlshing the torce. efiect or llen of
this Mortgage on all ot the premises not apeci8cally released !mm the lien ot tAis Mortgage by the Mortgagee.
I
i
{
i
i
~
i
~ The covenanb Aeretn contalned ahall bind, and the bene8ts and advantagea shali inure to, the respective hetzs, execu-
tors. administcaWrs. succesaors, and assigns ot the partles hereto. Whenever used. the aingular number shall include tLe
plural, the plural the atngular. and the use of any gender Mall include all genders. It is intended that t2tb Mortgage and
the note hereby secured are made vrlth reference to and shall be construed as a F`loiida contract and ~overned by tM
lsvvs Weseoi.
IN WITNFSS WHEREOF. We Mortgagor here[n named has hereunto cet his hand and seal the da~ and year Mt
above wnitten.
Signed. Sealed and Delivered
in the Presence oL•
,c._ ........~k- . .»(SF.I?I.)
Couz. and i. Colver , Jr .
~
~ , p~~
~ ~
'J~ ,G'~L~C~-C,: ----~~:`Lr!(SEAL)
~ ~„c-~'~ `~Faii~`irie F. ~ol:ve""r~E~- ~
F~
_ .
~ , f~
~ ~..r.,---•---- - ~ ....-------•-------.._..(SEwLI
~ ~ •
~ ` /
~~CL-•• (SEA1.)
~
~OflK~~VU PAGf ~~7
•
- -
_ _ - _ - .y-
r~.- _