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Home My WebLink About0348 ~ . ~ IQA1 ~ AR~ . M P X ~ e _ ~ ~ ~ i _ = ~ ~ : ~ Q O 01 . ° ~ 1 iasediately and without notice, vay institute pYOCeedirgs to foreclose this sortgage aad apply for the appointsent of a Receiver, as hereiuafter provided. 8. If any of the sums of nwney herein refarred to be not prosptly and fully paid ~ vithin thirty (30) days npxt after the saae eeverally become due and payable. or if each and every the stipulatione, agreesents, conaitions at~d covenants of ~ said promissory note and this deed, or either, are not dulq perfoned, co~plied with, and abided by, the aggregate sus advanced by SMA to the lbortgagor under the terms of the promissory note and thia deed then rpmaining unpaid. less any ~ consideration received by SMA for making this loan after deducting the costs of SMA in making this loan, shall become due and payable forthwith or thereafter at the option of-g~p, as fully and conpletely as if said aggregate su~ of money were originally stipulated to be paid on such a day, anything in said praaissory note or herein to the contrary notvithstanding. It is the intentioa of SMA that ; in no event should the mortgagor pay more than the legal rate of interest allo~r- ' ed under the Lavs of the State of Florida. 9. Until the default in the performance of the covenants and agreements of this Mortgage, the Mortgagor shall be entitled to collect the rents, issues and profits from the premises hereinbefore described, but in case of a default in any of the terms of this Hortgage or the filing of a bill to foreclose this or any other Mortgage encumbering the within described property, SMA shall immediately, and without notice and as a matter of strict right. be entitled to the appointment of i a Receiver of the mortgaged property, both real and personal, and of the rents, ~ issues, profits, prepaid rentals or security monies, depoaits and revenues thereof, i from whatsoever source derived, vith the usual powers and duties of Receivers in such cases;,and such appointment shall be made by such court as a matter of strict right to SMAits successors, or assigns, 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, incane and revernue~shall be applied by such Receiver to the payment of the Mortgage indebtedness, cost and charges, according to the order of such court, and such Receiver may be contimied in possesaion 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 priacipal or interest, th~ rents, prepaid securities and deposits, revernie and profits of the said premises 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 anq new buildiags on the presaises herein mortgaged or add to or permit to be added to any of the existing ~ improve~nents thereon without the written consent of SMA, and in the event of any i violation or attesnpt to violate this stipu2ation thia Mortgage and the indebted- ness secured hereby shall i~ediately 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 premises. The buildings nov located on pre~nises herein or which may hereafter be located : or erected thereon shall not be relocated thereon or rmoved therefrom, altered or remodeled vithout the written consent of SMA or assigns; and. in.case of breach of this condition, the parties so doing or the Mortgagor shall be liable to SI4A or assigns for any damage or impairment of the propertq securing this i mortgage; and this mortgage and the note secured therebq shall, in its entiretq, ~ becane i~ediately due and payable at the option of SMA . lfiis mortgage lien. ~ extends to any building now situate or which may hereafter be situate or located ? on said premises and materials composing said buildings, whether attached or ~ detached to the real estate herein; and in case of the reaoval of any buildings no~ located on said.premises or which may hereafter be located thereoa or the material composing same during the term of this mortgage to aome ~ther premises, the lien of this mortgage shall re~nain and be enforceable against said buildinga ; ' or material wherever same may be moved or relocated. ; ~ 12. If foreclosure proceedings of any inferior mortgage or trust.deed or of any lien F ~ of any kind should be instituted,g~p may, at its option, i~mediately or therr after declare this Hortgage and the indebtedness secured hereby due and paqable. 13. That in the event the Mortgagor should assign the rents of the mortgaged premiaes f or any part thereof without the consent of SMA , then the entire principal sum secured ` ~ hereby shall, at the option of SMA , become imoediately due and payable. 14. That in the event the premises hereby mortgaged, or anq part thereof, ahall be condea~ed and taken for public use under the power of e~inent domain, SMA sh811 have the right to demand that all damages avarded for the taking of or damages to said presiaes shall be paid to SMA, its succesaors or assigns, up to the ; _ amount then unpaid on this ?iortgage and may be applied upon the piyaeet or payments last payable thereon. w ~ ` ~ : ~ ~ ~ : i~ = a~2,~3 ~ 348 ! 3 ;