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i~~diatsl~ aad witlaut notice, aa~ iustitute proceedings to forecloae chis
~ort~~ aad apply for tb~ appoinC~snt of a Receives, as hereinafter pzovided. ~
8. If aup of tbe ~u~s of sonep herein rsfersed to be not pro~ptly aud fully pald
vitbio tbitt~ (30) dsya next after the sa~e severally becc~e due aad payable,
or it sach aad every the stipulatiot~. saresents, conditions ud covenants of
ssid pto~iasosp uote and this deed, or either, are not duly pesforaed, cawplied
vitb, sod abided by, the aggsegate sw advarccd by SMA to the lbrtgagor under
the tes~s of the prosiseory note and this deed then re~oainiAg unpaid, leas aay
considerstioa received by gMA for salcing tfiis loan after deductiug the costs of
SN!? in saking this loan, shall becose due and payable forthvith or theresfter
st tlte optioa of S~, as fullp aad cospletely as if said aggregate su~ of money ~
were originslly stipulatad to be paid oa such a day, anything in said praoissory
Aotc os bereiA io tbe coatrary notvithstanding. It is the intention of SMA that
ia no event should the iaortgagor pay sore than the legal rate of interest allow-
ed uader the Lavs of the State of Florida.
9. Until t1u default in the perforsance of the covenants and agre~aents of this
M~rtgage, the l~brtgagor shall be entitled to collect the rents, issues and profits
fro~ tbe prsises hereinbefore described, but in case of a default in any of the
terss of this Mortgage or the filing of a bill to foreclose this or anq other
Hortgage encwobering the vithin described property, SMA shall i~mediatelq, and
without notice aM as a satter of strict right, be entitled to the appointment of
a xeceiver of the ~ortgaged property, both real and personal, and of the rents,
issues, profits, prepaid rentals or security nonies, deposits and reveaues thereof, ,
fzos vhataoever source derived, with the usual povers and duties of Receivers
in such casesyand such appointaent shall be made by such court as a natter of
strict right to SMAits successors, or assigns, and without reference to the
adequscy or inadequacy of the value of the property herebq mortgaged, or to the
solvtacy or insolvency of the Nortgagor, or ?brtgagor's heirs, legal repreaentat-
ives, succeasors or assigns, and that such rents, profits, prepaid rentals or
security uoaies, deposits, incane and revenue shall be applied bp such Receiver
to the pay~ent of the Nortgage indebtedness, cost and charges, according to the
order of such court, and such Receiver aay be conti~ea in possession of the said
propetty natil the ti~oe of the sale thereof usder such Foreclesure aad until the
confirsation of such sale by the court. s
10. ?hat in the event of any default in paying the said principal or intereat, the '
tents, prepaid securities and deposits, revenue and profits of the said praaises
are hereby assigned to the holder of this Mortgage as further security foz the
payaent of tbe said indebtedness. F
21. Tt~e Hvrtgagor ahall not erect or permit to be erected siry new buildiags on the
ps~aises berein mortgaged or add to or perenit to be added to any of the existing
improvenents thereon wittwut the written consent of SMA, and in the event of any
violation or atte~npt to violate this stipu3ation this Tbrtgage and the iAdebted-
ness secured hereby shall inaediately become due and collectab2e at the option of
SMA, T~ keep the above described preaises in first class repair and ia as good
condition as they now are; to permit SMA to eater upon and viev said presises.
The buildings nav located on pre~nisea herein or which may hereafter be located =
or erectcd thereon shall not be relocated thereon or remaved therefraon,~altered
or remodeled aithout the written consent of SMA or assigns; and, in case of
breach of this condition, the parties so doing or t~e tiortgagor shall be liable ~
ie SI~IA or asaigna ~or any damage or impairaeat af the propertq securiag this ?
sortgage; and this mortgage and the note secured thereby shall, in its entiretq, ~
; becoee i.~ediately due and payable at the option of SMA . 1~is n?ortgage lien- ~
' e~ctends to a~ building nov situate or which maq hereafter be situate or located
on said pre~oises and ~aaterials canposing said buildings, vhether attsched or
detachad to the real estate herein; and in case of the rmaval of any buildings
' no~ located on said presises or which ~aq hereafter be located thereon or the '
~ material cosposing sase daring the ters of this wortgage to so~ae ~ther pr~isea,
the litn of this mortgage shall reaain and be enforceable against eaid buildiaga "
or material vberever saae oay be awved or relocated.
12. If foreclosure proceedings of any inferior mortgage or trust deed or of any lien
of any kind abould be instituted,g~p say, at its option, i~ediatelq or therr ~
after declare this Mortgage and the indebtedneas secured hereby due and paqable. $
13. ?hat ia the ev~nt the Hortgagor should assign the rents of the ~oztgaged premiaes *
or any psrt tbereof vithout the consent of SMA , theri the entire principal sum aecured i
hereby shsll, at the optioa of SMA , becose Sa~ediatply due and payable.
I4, ?hat in the event the presiaes hereby wortgaged, or sny part thereof, shall be ~
coMewned aM taken for public use under the pover of a~inent da~in, SMA shsll
hav~ the rigbt to dessnd that all dsssges sward~d for the taking of or dmages
to ssid pr~isea shall be paid to SMA, its successors or assigns, up to the
a~ount then unpsiQ on this Mortgage aad uy be spplied upon the pay~ast or
pay~ents lu t psyable thereon.
~ 3 s~~213 ~~-2~~94
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