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HomeMy WebLinkAbout0283 13. I( delault be made in payment, when due. ot any indebtedneu uru~ed he~eby, or in per[ormance ot any o( I?to~t- gagoi • obligations, covenants o~ agreements hereunder: (a) Mortgagee is authorized at aay tune, without notice, in its sole dix~etion to ente~ upon and take poiseuion ot the premixa or any put thereot. to pedorm any acb Mortgagee deem~ necessary o~ pwper to rnnsenre the secu~ity and to coUect and receive all re~ta, issua and pcoGt~ thereot~ including thaae past due ~ well as tAose accruina therea(ter. and (b) Mortgagee it?aU be entitled, u a matter oE ttrict rig6t and without regard to the value or occupaocy of the security, to have a receiver appointed to enter upon and take pasession of the premisa, coUect the renb and profits theretrom and apply the same as the court msy direct. ;uch receiver to have all the righb and powen permitted unde~ the laws o( Florida. - In either such case Mortgagee or the receiver may alto take possusion of, and for thae purposes use, any and all penonal property contsined in the premises and uxd by Mortgagor in the rer?tal or leasing thereof or any part thereo(. The expense (including receiver's tea, counul fea. cwts and agent'a compensation) incurred punuant to the powen herein contained shall be ucured he~eby. 1lfortgagee shall (atter payment ot all coav and expenses incurred) app1~ such rents, iuua and profts received by it on the indebtedncu secured hereby in sud~ ordec as Mortgagee determines. The right to enter and take pouession of said property. to manage and operate the same. and to collect the renta. iuues and pmGts thereof, whether by a receiver or otherwise, shaU be cumulative to any other right or remedr hereunder or afforded by law, and may be exercised concurrently therewith o~ independendy thereof. Mortgagee s6aU be liable to account only for such rents. issues and profits actually received by 1lfortgagea 14. If the indebtednas secured hereby is now or hereatter (urther secured by chattd mortgaga, pledga, contracts o[ guaranty. assignments oE leasa, or other securitia, or if the premises hereby encumbercd rnnsists o[ more than one parcel, I?iortgagee may at iu option enhaust any one or more oi said securitia and the security hereunder, or such parcels of the ucurity hereunder. either concurrcntly or independe~tly, and in such order as it may determine. I5. No delay by Mortgagee in execcuing any right or rcmedy hereunder, or otherwiu af[orded by law, s6all operste as a waiver thereo[ or preclude the exercise thereof during the continuance oi any default hereunder. I~o waiver by Mortgagee ot any dc(ault shall constitute a waiver of or conse~t to subsequent defaulb. 16. Withaut affecting the liability of any person( other than any penon released pursuant hcreto) [or payment ot any i~debtedness secured hereby, and without a(fecting the priority er eate~t of the lien hereof upon any pmperty not speciCcally rcleucd punuant hereto, Mortgagec may at any time and from ti~ne to time, wit~out notice and without limitation as to any legal right or privilcge o( Mortgagee: . _ (a) Release any person liable fo~ payment of any indebtedness secured hereby_ (b) Extend the time or agree to alter the terms of payment of any of the indebtedneu. (c) Accept additional security o( any kind. (d) Release any property securing the indebtedneu. (e) Consent to the creation of any easement on or over the prcmisa or any covenants restricting use or occupancy thereof. 17. Any agreement hereafter made by Mortgagor and Mortgagee punuant to thu mortgage shall be superior to the rights of the holder of any intervening lien or encumbrance. 18. Mortgagor hercby waiva all right ot homatead exemption in the property subject to this mortgage. 19. The covenanu and agreemenb herein contained shall bind and the benetits and advantagu shall inure to the rapeetive hein, executon, administraton, successors and assigru of the partiu hereto. Whem-er used, the singular aumbrr shall include the plural, the plural the singular, and the use of any gender shall be applicable to all genden. All covenanu, agreementt and undertakings shall be joint and several. In the event additional numbered covenants are [or con~•enience inserted in this mortgage , following the legal description, such additional covenants shall be read and given effect as though following this covenant in consecutive order. ~ ~ 20. Any d~ciency in the amount of such aggregate monthly payment shall, unless made good by the Mortgagor prior to ~ the due date of the next such payment, comtitute an event of de(ault ander this awrtgage. At Mortgagee's option, Mortgagor will pay a°late charge" not exceeding four per centum (4%) o[ any installmcnt when paid more than ~fteen (i5) days after the due date thereof to rnver the utra a~pense involved in handling delinquent payments, but such `9ate charge" ahall not be payable , out oi the proceeds of any sale made to satisfy the indebtedness secured hereby, unlw such proceeds are suf[icient to discharge the entire indebtedneu. IN •WITNESS WHEREOF, the said Mortgagor - hereunto set hand__ and seai-__ the day and year first above written. Signed, ualed and deli~•ered in t6e presence of : - (Sew~) ~SEAL~ STATE OF FLORIDA . ~ u COU:~ITY OF DADE . I, an offcez authorized to take acknowledgmenu of deeds according to the laws of the State o( Florida, duly qualified and acting, HEREBY CERTIFY that _ _ ~ ~ ~ A to me personally known, this day personally appeared and acknowledged be(ore me that executed the [oregoing Mort- ~ gage~ and I FURTHER CERTIFY that I know the said person making said acknowledgment to be the individual ~ deuribed in and who uecuted the said Mortgage. i A1~iD I FURTHER CERTIFY that said _ ~ . ; is known to me to be the wife of said t and that she this day acknowledged to and before me, uparately and apart (rom her said husband~ that she executed the said , ~ Mortgage Deed tor the purp~u of renouncing and rdinquishing her dower and right of dower and uparate atatt in and ~ ~ to the lands therein described, and that she executed the same freely and voluntarily and without compulsion, constrai~t, appre- A` hension or iear of or Irom her husband. ~ ~ IN WITNESS WHEREOF, I hereunto Kt my hmd and official seal at said County ~ E ~ and State, this dar oE A. D., 19 ~ ~ ~ ~ Notary PubGc Swte of Florida at Iarge ~ ~ My commission expira ~ 's ~~~V ~ g ~ ~ : . _ - - . ~ ~ , , ~ # . • ~ ~ ; ~~W-v ~-f- '1" r:n~ ~ a`~ ~ ~ ~ _ . . ~ ~•-~e,~' +ex.._ ,r.°~'~:7~-~.c . .