HomeMy WebLinkAbout0827 (c) Mortgagor shall furnish to Mortgagee, within thirty
(30) days after a requ~est by Mortgegee to do so, a written statement
containing the names of all lessees of the Premisea, the terms of
their respective leaees, the apace occupied and the rentals payable
thereunder. .
(d) ltie right s of the lesaee under each lease of the
Premi$es, or any part thereof, shall be inferior and subordinate to
this Mortgage, and the lien thereof, and upon the enforcement by
Mortgagee of the remediea provided for by law or by this Mortgage,
the Lessee thereunder will, upon demand of any person succeeding
to the interest of Mortgagor as a reault o£ such enforcement, (i)
vacate and aurrender the property demised under the lease, or (ii}
becane the lesaee of said successor in interest, without change in
the terma or other provisions of euch lease, provided, however,
that said successor in interest ahall not be bound by any prepay-
ments of remt or additional rent for more than two (2) months in
advance, or prepayments in the ~ature of security for the perfon~n-
ance by said lesaee of ita obligations under said lease, or any
amen~nent. or modification of the lease made without the consent
in writing of Mortgagee or such succeasor in interest. Each lease
shell also provide that, upon de~mand by said successor in interest,
such lessee ahall eaecute and deliver an instrument or instruments
confirming such attornment.
Section 1.14. lhat Mortgagor hereby assigns to Mortgagee
the rents, iseues and profita of the mortgaged property as further
security for the payment of the indebtedneas secured hereby and
Mortgagor grants to Mortgagee the right to enter the mortgaged prop-
errq, or any part thereof, for the purpose of collecting the same
and to let the mortgaged property, or any part thereof, and to apply
said renta, issuea and profits, after payment of all necessary
charges and expensee, on account of said indetedness; that thia
aas•igxment ard grant shall continue in effect until the indebtedness
secured by this Mortgage is paid, but Mortgagee hereby ~aives the
right to enter the mortgaged property for the purpoee of collecting
said rents, issuea and profita, and Mortgagor ahall be entitled to
collect and receive said rents, iseues and profita, until the occur-
rence of a default by Mortgagor under the terms and provieions hereof;
that Mortgagor agrees to use said rents, iasues and profits in payment
of principal and/or interest payable pursuant to the Note secured
hereby, and in payment of all taxea, aseesements, water rsnta, sewer
rents and other chargea on or againat the mortgaged property; that
auch right of l~ortgagor to collect and receive said rents, ieauee
and profita ~eap be revoked by Mortgagee upon any default by Mortgagor
under the terms and provisions of this M~rtgagc; that, in respect
of any lease which nv~~ or at any time ia entered into, Mortgagor will
(a) fulfill or perform each and every te=m, covenant and provision
of any such lease to be fulfilled or performed by the lessor there-
under; (b) give prompt notice to Martgagee of any notice received
by Mortgagor of default by the leasor thereunder, together With a
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WIILiAMS. SALOMON, KANNLR 6 CAMIAN, AT'fORfiEYS AT LAW, ouPONT BUILDINO, MIAM1, FI.ORIDA
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