HomeMy WebLinkAbout1961 notice or demand, suit at law or in equity, theretofore or thereafter
begun, may be prosecuted as if all moneys secured hereby had matured
prior to its institution;
12. That if any suit shall be instituted to foreclose or
reform this mortgage andjor to enforce payment of any claims
hereunder, the Mortgagee shall be entitled to apply at any time
pending such suit, to the Court having jurisdiction thereof, for
the appointment of a Receiver of the mortgaged property and of all
and singular the rents, incame, profits, issues and revenues thereof
from whatever source derived, each and every of which are expressly
mortgaged by this instrument; and it is hereby expressly covenanted
and agreed that thereupon such Court shall forthwith appoint a
Receiver of said mortgaged property, and of all and singular the rents,
income, profits, issues and revenues thereof from whatever source
derived, with the usual powers and duties of receivers in like cases; ;
and such appointment shall be made as matter of strict right to the
Mortgagee, and without reference ta the adequacy or inadequancy of '
the value of the property hereby mortgaged, or to the solvency or a
+ insolvency of the mortgagors;
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13. In the event of the passage, after the date of this mortgage, ~
of any law of the State of Florida deducting from the value of land ~
for the purpose of taxation any lien thereon, or changing in any. ~
way the laws now in force for the taxation of mortgages or debts secured ~
~ by mortgage for State or local purposes, or the manner of the collection
0 of any such taxes, so as to affect this mortgage, the whole of the =
; principal sum secured by this mortgage, together with the interest -
o due thereon, shall, at the option af the said mortgagee, without
~ notice to any party, become immediately due and payable:
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14. To duly perform, comply with and abide by each and every the
~ stipulations, conditions and covenants in said promissory note and ~
f in this mortgage set forth; ~
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~ 15. That any failure to exercise any right hereunder shall not
~ constitute nor be construed as a waiver of that right at any
S future time; ~ ~
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0 16. That this mortgage creates a continuing lien to secure the ~
~ full and final payment of the debt hereby secured and all other 3
= obligations imposed hereby and hereafter arising;
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17. As additional security the Mortgagors do hereby transfer,
I assign and set over to the said Mortgagee, its successors
t or assigns, any and all rents now due, or to become due, on the above~
i described premises or any separate rental premises appurtenant thereto,
I which are situated on the land above described; such rents to be
~ colZected by or at the direction of the Mortgagee, its successors or
~ assigns, and the net proceeds thereof to be applied to the indebted-
~ ness hereinbefore secured, as and when the same shall become due and
( payable; and for the purpose of carrying out this provision the
Mortgagors do by these presents, constitute and appoint said Martgagee,
~ j or any officer thereof or the successors or assigns of the said
~ Mortgagee, as his, her or their true and lawful attorney-in-fact, to
collect any and all rents for said above described premises, expressly
4 authorizing the Mortgagee or its successors or assigns to receipt
i tenants therefor, and do by their presents ratify and confirm any and ~
~ all acts of said attorney-in-fact in relation to the foregoing
; power.
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