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ia~ediately and vithout notice, may institute proceedings to foreclose this
sortgage aad apply for the appointeent of a Receiver, as herelnafter provided.
8. If any of the suss of soney herein referred to be not prosptly and fully paid
vithin thirty (30) daye next after the sa~e se~rerally becase due and payable,
or if each and every the stipulations, agrea~ents, conditions and covenants of
said prosissory note and this deed, or either, are not dulq perforsed, complied
with, and abided by, the aggregate su~ advanced by SMA to the Mortgagor under
the terms of the promissory note and thie deed then remaining unpaid, less any
consideration received by SMA for naking this loan after deducting the costs of
SMA in making this loan, shall become due and payable forthwith or thereafter
at the option of S~, as fully and coapletely as if said aggregate sum of money
were originally stipulated to be paid on such a day, anything in said pranissory
note or herein to the contrary notwithatandit?g. It ia the intention of SMA that
in no event should the mortgagor pay aore than the legal rate of interest allow-
ed under the Laws of the State of Florida.
9. Until the default in the performance of the covenants and agreeaents of this
Mortgage, the Mortgagor shall be entitled to collect the rents,~issuea and profits
from the premises hereinbefore described, Dut in case of a default in any of the
terms of this Iiortgage or the filing of a bill to foreclose this or any other
Hortgage encumbering the vithin described property, SMA shall i~mediately, and
without 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 of the rents,
issues, profits, prepaid rentals or security monies, deposits and revenues thereof.
from whatsoever source derived, vith the usual povers and duties of Receivers
in such cases;and such appointment shall be made by such court as a natter of '
strict right to SMA its successors. or assigns, and without referenee to the
adequacy or inadequacy of the value of the property hereby mortgaged, or to the
solvency or insolvency of the Nortgagor, or ?brtgagor`s heirs, legal representat-
ives, successors or assigns, and that such rents, profits, prepaid rentals or
security monies, deposits, incane and revemie shall be applied by such Receiver
to the payment of the Mortgage indebtedneas, cost and charges, according to the
order of such court, and such Receiver may be continued in poesession of the said
property until the time of the sale thereof under such Foreclosure and until the
confirmation of such sale by the court.
10. That in the event of any default in paying the said principal or interest, the
rents, prepaid securities and deposits. revernie and profits of .the said premises
are hereby assigned to the holder of this 1~Iortgage as further security for the
payment of the said indebtedness.
11. The Mortgagor shall not erect or permit to be erected any nev buildinge an the
premises herein mortgaged or add to or pex~it to be added to any of the existing
~ improvenents thereon vithout the vritten consent of SMA. and in the went of any
~ violation or attanpt to violate this stipulation this I~fortgage atd the indebted-
ness secured hereby shall in~ediately become due and collectable at the option of
~ SMA. T~ keep the above described premises in first class repair and in ae good
~ condition as they now are; to permit SMA to enter upon atd view said premiaes.
~ The buildings now located on premises herein or which maq hereafter be located ;
~ or erected thereon shall not be relocated [hereon or removed therefrom, altered
or remodeled without the written consent of SMA or assigns; and, in case of
breach of this condition, the parties so doing or the tiortgagor shall be liable E
to St~1A or assigns for any damage or impairment of the property aecuriag this
mortgage; and this mortgage and the note secured thereby shall, in its entiretq,
became i~mediately due and payable at the option of SMA . This mortgage liea
~ctends to any building nov situate or which~maq hereafter be situate or located
on said premises and materials composing said buildings, vt?ether attached or
detached to the real estate herein; and in case of the rmoval of any buildinga
na+ located on said pre~ises or which maq hereafter be located thereon or the
~ material composing same during the tera of this ~ortgage to aome ~ther prasisee.
~ the lien of this mortgage shall renain and be enforceable against asid building•
or material wherever same may be moved or relocated.
~ 12. If foreclosure proceedings of any inferior mortgage or truet deed or of anq lien
_ of any kind should be instituted,gMp may, at ite option, i~ediately or there-
~ after declare this Mortgage and the indebtedness aecured hereby due and paqable.
13. That in the event the Mortgagor should assign the rents of Lhe mortgaged pre~ises
~
~ or any part thereof Without the consent of SMA , then the entire psincipal ~u' secured
hereby shall, at the option of SMA , becone i~ediate.ly due and payable.
14. That in the event the premises hereby mortgaged, or anq part thereof, shall be
cond an~ed and taken for public use under the power of sinent do~ain, SMA shall
~ have the right to deaand that all damages awarded for the taking of or damages
~ to said presises ahall be paid to SMA, its successora os assigns, up to the
- amount then anpaid on this Mortgage and nay be applied upon the papsent or
` payments last payable thereon.
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