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Home My WebLink About2681 ccedia~s, aed ahaq be repaid to the ~[orega~ee~ or his hetrr, leQal reproseatati.es oz s=si~aa, oa demsad; snd ahsU bccaue • w mnch additional indebtedness secured by this cnortgage~ to be pai~i out of the p~oceed~ of the sale ot the mortgaQed ~ preaiises doresaid. If thi~ mortg~e s6ould be foreclosed, and if aot otherwise paid by the said ~[ort~aQor, o~ his heirs~ teQai ~ep~eaeatstives or sssigas. = t AND the uid Mort~sgor, for himself sad hia heus, legal represcautives and ssaigns, se~ealir sad jointlr~ Enrthes ~ covepaab and agrees to pay ail taxes. asuasmenq and eharges that may be asseased upon aaid premises u de~cribed abone, ~ oc npoa this mortQs~e or the indebtedaeas secnrtd herebyr. without regard to s»y law heretofore enacted. or hereJtu to ~ be enscted, imposjng paymeat oE the whole o~ aar psrt thereof npon the ?~wtgagee~ or hia hetrs. legsl representatives oe ' assigas. Upoa riolatiou of this aadenbading or upoa the eaactmeat b~ the State oE Fiorids of any iaw imposioS p~ymeat of che .rhole or any ponion of anr oE che ~axes, useumenta or chuges afo~cssid upon c~e ][ortgagee. his heirs, legal rep. i reseatativa or usigus. or upoa the readition by aay court of competent jwisdictioa ot a decisioa to the effect that the under- uhng by che •aid 1[oregagor~ as herdn provided. to pa~r sll taxes~ aa~essmeats or chugea is legall~ iaoperative or cannot bt enforceQ, thea sad in either of anch e~enb the iadebtedaess hereby securcd. without sn~ deducHoa shali, at the option of ~ the Mortgagse, or his heirs. legal tepreseatatires or assigna, becorae immediateir dne aad papsble, notaithstsadiag snythiuj ! eontsided 'w this mortgage oe an~ ls~r heretotorc or hercatter eaacted. ~ THS Mortgagor spcci6ca11~? co~eaants and agrtes not to conver. trsnsfer aoc put witlt the tide to said pcemisa ! directly or iadiratty br deed. tcust agrcemen~ or otherwise, uor pern?it or suHer himselE to become di~ested of uid tide br ; any proceediags eitbu at law or ia equiqr during t6e cootianance of aaid indebtednesa~ unless the consent of the Mortga~ his bdra. IeQaI rep~eseatati~ea or auigns be 6nt obquacd ia writiag. AND it is stipulated and agreed tha; iA case of detault in anr of the said psyments of principsl or intecest, ucording ; to the tenor or eHect of the ssid aote-..----1AtllhORtd abo~e, or breach of any of the co~eaaa4 ot agreemenb herein coa- ~ tained~ Wea and ia snr snch csse the wbole of the said principal suan htrehr secured and the interest therton. aud aa~ pa~nncata made b~ We Mortgagee. 6a hdrs. tegal represeatatires or assigos, for repairs. iasnrsace. ta~ces. aaaasmeab~ t tieas, jadgmeab, decrees~ coata. chuges, ea~penses, abstract fees. attorney'a fees or otherwise~ sbaU at the optioa of the said - i Yo~tgagee. or his heirs, legal rtpresenati~es or assigns, become immediatey dne and Wyabte withont fart6er noHcG snd : this mortgage may be Eoreclosed ia the manner and ~rith the sune eHect a~ if the said indebtedness had othecwise matured. : THE proceeds oE said ioreclosnre shaU be applied: Srst, to tbe expenses incarnd herenndu. iaclndinr a reasoaable attorne~r'~ fee tor such smrice as may be necessar~r for the collection of said indebtedness aad tbe forecloanre of this mort- Qsge; secoad, to the ~aymeut of whatener sum or suuu tl~e said Mortgagee, or 6is heirs~ legai repreaeatatires or assigns ma~ ha~c paid or become liable to psy in carrying ont the opdons. terms aad adpuiations of this mortgage, tog~ether with intereat thueon; tbird. to tht payment and satisfution of said note..._-..-..-aad interesw IT is inrther expressly stipulated aad sgceed that tbe ][ortgagee, his •6eirs, icgal representstives or assigns. sha11 6ave the pmrilege~ at his option. after tbc dang of or the omiuion ta do~ by the Mo~tgagor. his bein. Icgal ~?reaentsti~es oc assigas. of aay act or thing which wilt constitnte a dehult in or breach oE any of tbe terms, oonditions utd oovtaaab berein oc in said mortgag~e aota_._...._contained, and upon the commencement, in a conrt of competent jnrisdietioa of s stut ; for the foreclosnre of this murtgage, of appfying for. ather ia and by the original bill for foreclosnre or otherwri~ aad ~ atult be eatittcd, as a matter of right and w?ithont regard to t6e vaine of the premises, properq? and eatate, or t6e aecessit~. ressoaableness or expediency thecefor~ or the so~veacy or insolvency of the Mortgagee~ his heirs~ itgat cepre=entati~es or ~ asaigns. and withont aotice to said Mortgagor, his hein, legal representatives or assigas, to the appaiatment of wme suit- sbk person or co~poration u s reca~er for the prop~rtr~ premisu and estate hereinabore described. ~ SUCH recarer shall have # power to enter npon. receirq recorer and take comptete~ entirc and e~cclusivc possessioa of said propertr, premises aad eatate, aad the renta, issues and pro6ts thereoE; to preae~ve. maintaln, deicad and protect ~ sach possession and said premises~ propeKq aad estate; to kase the same for a tenn to be appmvod br the Court; to psy a11 ' taxes, assessmenb aad levid that ue or may become liens thereoa; to keep the bmldings, fnraitnre and fixtnrq Wereon inanrrd sgaiASt 5re, wind, storaa. theft or ot6er disaster; to make reasonable or neceaaarp repairs and lu shall 6are anch other powera as may seem proper to the Conrt. Suc6 receivu, after deductiag all chargea and expenses atteading sach ~ receivership. shaU apply the residue of snch nnts. issues and pro5ts to the payment and satisfaction of t6is mortaage aed ~ the note.~-.-.--hereb~ secured, or to sny dc6ci~acy that may arise or acist after apply~ng tht proceeds of t1u aale of said premises, propesty and estate to t4e amounts dne un8er this mortgage, and the aote.......~.herebr seca~ed, inclnding intua~ ' attorney's fea aad costs and expenses of said foreclosure. ~ ALL notes hertin described, ~vithont preference of one note over aaother. are equally~ rahbly =nd proportioasteiy E securcd hereby. ~ THE Mortgagor, or his h~ira, legal representatives or assigns fnrther agrees to furnis6 snc6 other forms of iasnti ~ ante ia sach amonnb aa may be required by said Mortgagee, his heirs. legat representatires ot assigas~ sad t6e ro- ~ visions relating to 5re insunace and policies issued therennder ahall be p applicable to such other forms of inanraace ~ THIS mortgage and tbe note......._.._and iaterest secured haebr ue to be constrned accord'wg to the lawa of the State ~ oi Florid~ arhere the same are acecuted. t IT is covenanted aad agreed that tt~e terms "Mortgagor" and "Mortgagee" for convenience herein employed, and ~ _ aay p~onouns vsed in codaection therewith, shall be construed to include the plnra! as weU as the singniar nnm6et. and ~ the masculine, feminine and neuter gender~ whenever and wherever the context so admits or requires; and that al! cove- ~ aants and obtigstioQS of the respective puties he~eto shali extend to aad be obligatory upon their heirs, legal representatives. ~ succcssors and assigns. , . ~ S In Wimess Whereof, Mortgagor has caused these presents to be signed in ~ its name by its Fresident, and its corporate seal to be affixed, - attested by its Sec=etary. ; . ; : i ' HUTCHINSON ISLAND MOTELS, INC. ! the date aforesaid. . ; Signed, sealcd arid delivered in tka p~esence of : - . . . •-••---......---•-•---•-(SEAL) : ' WAYNE TS , President ~ ; - TTEST: ._.i•~ ~A..,,, _ ~ ~ ~lc~rc~ ~c ~ ~l~ ~ ~,l "'CDRPORATE) ~ f . c~~ - A.-.... .::~jSEAL) i ~ J E L . SHARLT~ :'J~: ~aretary L~~-r!: o R . ~ . ~ T~ ~ s~o~ci~.t~ tA~E2~ ~ 1= ~~z~o~.•~;~• . ~ - ~ - - ~ _ ~ _ - ~ ~ _ . _ . ~ ~