HomeMy WebLinkAbout2591 ceedings, and shall bs repaid to the ~ortga~ee, or hia heip~ legai ~ep~estatatives or assigns. oa dcmand; aad ahaq becoms
to much additiona) indtstedntis setured by thit mortgaga, to bt paid out oI the proceeds of the ule oi the monQaged
premise~ aforesaid. iE this mortQa~e should be toreclosed. and if aot othe~wise paid by the said Mo~t~a~or~ o~ his heirs.
le~al representatives or assi~ns.
AND the said ~Iortgsgor~ for hinuelf and his heirs. legal reQresentatives and assigns, aererslly a~d jointly~ furthe~
covenants and ag~eet to pay all taxes~ asu~sment= and charges that may be usessed upo~ uid premisa as dtsc~ibcd abore,
oc upon thi: enortgage oe the indebtedness ~ecurod hueby~ wit~out re~ard to any law heretotore enacted, or he~eatte~ to
be ei?scted, imposin~ paymeat oE the ~rhole or aay part thereof upon ehe Mo~tQagee~ or hia heirs. leQal represeatatives or
aaii~n~. Upon viola~ion oi thi~ nndentaadi~s or vpon tha en~ctment by the State oE Flotida ot aey law imposia~ psyaaent
ot the whol. or a~y porctoa ot aay ot U+e caxes. as~es.meaa oe ~.r~e• afo~csaid upoa the Mort~a~ee. h~a h~iri, te~a1 np•
caentativea or saii~aa. or u~o~ the readtttoa by aay court ot eompetent juriidlction of a deciaion to the eHeet that the uadee~
takinQ by the aaid ~ort~aQor, as heniA pro~ded. to ns,y sll taxe~, auaunenu or chu~ea Is legslly inopentire or esanot
be eeforced. thea sad in either oE sueh evenb the iadebtedaeas hereby secured. v~rithout a~y deduction shall, at the option of
the Mortga~ce. or his heirs~ lc~al repreuatativa oc u~i~aa, become immedistely due and payable~ notwithstsadina ~nythia~
eoatsiaed ia_thIa mortgage or anr taw htcetofore or heredter eaacted.
AND it is stipulated and s~rreed that~ ia case oE dt(ault ia aay of the uid paymeRts of princi~sl or interest, accordln~
to the teaor os sifect of the said nota--meationed sbore, or breach ot aby of the covenants or s~rreemeau hereia ¢on-
tained~ t6ea aad ia any aueh we the whole of the isid priacipal stuia hereby secured and the interest thereon. aad snr
p~yments made by the Mortgagee~ bis heirs. le~a1 representatires o~ assigns. for rcpairs. insurance. taxes. assessmeats.
lie~s, jadgments. decreei. cosb~ chuges~ eapeases, ab:tract fees. attoraey's fecs or otherwise. :hal! at the optioo of the said
~[ortgagee. or hi~ heirs. legal representatires or assigns, become immediately due and payable without further notice. and
t6is mortgage may be foreclosed ip the manner and with the same eHcct aa if the uid indeated~ess had othenvise matured.
THE procteds of said foreclosure shall be applied: Srst~ to the expcnses incurred hereunda. inciudiag a reuonable
attorney's fee for auch service as may be necesaary ior the cottection of uid indebtedness and the foreclosnre of tbis mort-
~~age; :econd, to the payment of whatever sum or sums the said Mortgagce, or his hcirs, legal represe~tativcs or assigas
may have paid or become liable to pay in carcyiag ont the option:, terms aad stipulations ot this mort~age. together with
intere~t thereoa; third, to the paymeat and utisiaction of said note............and interea~
IT is further expreuly stipulated aad agreed that the Mortgagee, his hcirs. legal reptesentatives or assigns. shall
have the privilege. at hia optiop, aftee the doing of or the omisaion to do, by the Mortgagor, his heirs, legal repreaentatires
or assigas. of aay sct or thing which wil! coastitute a default ia or breach af any of the terms, conditions and covenanta =
herein or in said mortgage note.-.._-....eontained, and upoa the commencemen~ ia a court of comaetent jurisdiction of a suit
for the Eorecloswe of this mortgage. of applying for. tither in and by tht original bill for foreclosure o~ otherwise, and ~
shall be entitled. aa a mattet of-right and without regard to the value of the premises. property and tstate~ or the necessity.
reasonabieness or expedieacy therefoc. ar the solveacy or insolvency of the Mortgagee, his heirs. legal represeatatives or
assigas. and without aotice to uid Mortgagor, his hcirs, legal represtatativcs or assigns. to the appointment of some suit-
able person or corporation u a receiver for the property, ptemises apd estate hereinabove described.
SUCH receiver shall have power to enter upon. receive, recorer and take compiete. entire and exclusivc possession of
said propeny. premiaes and estate, and the rents, issues and profib t6ereof; to preaerve. maintain~ defend and prouet
such pouessioa and said premises. property and estate; to lease the sune for a term to be approved by the Court; to pay all
tazea~ assessments and leries that ue ot raay btcome liens t6ueon; to keep the buildings. furniture and 5xtures thereon
insured against fire, wind, storm. theft or other disaster;.tp make reasoaable or necessary repairs and he shall have snch
other powers as may seem proper to the Court Such reeeiver~ after deducting all chuges and expenses attending suc6
receiverahip. a~ial! apply the residue of such rents~ issues and pro6ts to the payment and satisfaction of ihis mortgage and
the note.._......-.hereby s~cured. or to any de5ciency that may arise or exist aitcr applying the proceeds of the sale of said
premises, property aad estate to the amonnts due under this mortgage; and the note--..-...-...hereby securcd, including interest,
attorney's fees and costs aud expenses of said foreclosure.
ALL notes herein desccibed. without preference of one note over another. are equally, ratably and proportionatdy
:ecured hereby.
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THE Mortgagor~ oc his heirs. legal representatives or assigns furt6er agrees to fur~ish such other forms of insur-
aace ia such amouats as may bt requued by said Mortgagee. 6ia heirs. legal repreaeatatives or usigns, and the pra
visioas relating to fire insurance and policies issued thereunde~ shall be applicable to such other forms of insuranca
THIS mortgage and the nole.._....-:and intuest secnred hereby ue to be constn~ed according to the laws of the State
of Florida whue the same are a~ecuted. `
IT is covenanted and agreed that the terms "Mortgagor" and "Mortgagee" for convenience herein eraployed, and
any pronouns used in connection therewi~h~ ahall be construed to include the plural as well aa the aiagular number~ and
the masculine. feminine and aeuter geadec. whenever and w6erever the context so admits or requires; and that all cove-
nants and obligations of the respective puties her~to s6a11 extead to and be obligatory upon their heirs, legal reprucntatives.
i suetes~ors and assigns.
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IN WITNESS WHEREOF, this mortgage has been executed by the Mortgagor_ ia accordance with
thz laws of the State of Florida, the date first above stated. ~
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_ LUCILLE V. COSTA, INC.
. Signed, seal~d and delivs~ed in ths p~tsence of : ' .
~ .By :~-t~,j~a~d?~;~`.
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