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Home My WebLink About2510 ~ . . i ~ 13. That thc awrt~agor hereb~ ~ W:1hc' the rents, issuea and ptoC~ts of the premises as lurther security for thc ~ ~ pay~neat of said'indebtedncee, ~uartgl~it to tb~ mon6a8ec thc right to enter upo~ and to take possesaion of the llectin the same an to let thC remises or a~y pari thereof, and to apply the renta, issuea and I ~ ptemiaea Ior the purpoae of oo g . P pro6ts. atter payment of aU neceesary cbargea and cspensea. on a«~ouM oE eaid indebtednesa This assignment and grant shall oontinue in eHect unW this mor agE is paid. The martgagee hereby waivea the right to enter upon and to take posaeseion oI atid premiaea for tbe purpose of gaaid rents, issuea and pro5ta, aad tk~e;,u~ortgagor shall bc entitled to oollect and ; reoeive sud rents, is~ues aAd profits until detault under any of the oovenante, conditions or agr~eu~ents contained in this mort- ' gage, at~d agreea to uae such rents, isauea and pro5ts in pa?ymtnt of principal and interest becoming due on this mo ago and i i inp ymeat oE taxes. amsessnnent4 ~M?er renta. water mtes and ~Ryit~ chft~ h~om}n due against anid remises, ut auch ~ right oi the aartgagor noay be rcvoked by the mortgagee upon any deisult; od &rb day.~ writter noticc. ~e mortgagor wiU not, without the written oonsent of t6e mortgagee, receive or collect reat from any tenant of aaid premises or any psrt thereof for i a period of more thaa one month in advanoe, and in the event oi a~y delault under thi~ Inottgage will paY monthly in advanoe = to the moctgagee, or to aay receiver appointed to oollect said renta, iasues and pm6te, the fair and reasonabk rental value for . the use and oocupttion of aaid premises or of auch part thereof as may be in the pos~ession oE the mortgagor, and upon defauk_ in aay such payment will vacate aad surnnder t6e po~ssion of said ptetnises to the mortgagee or to such reoeiver, and in ~ iault tbereof may be evicted by aummary proeeedia8a. i 14. 'ILat the whole of aaid principal sum and the interest shaQ become due at the option of the mortgagee: (a) if the mort- ' anc~ orm an . of the covenanta, conditions or agreeme~ta contained in this raortgage; or (b) if ~ ~agor fads to k~ observe pert y tbe mo~tga~os f' to keep, obnerve aadpe dorm any of the oovenanta, coaditioaa or agreements conla~ned in anY prior mort- ~ ~ gage or fails ~a repay Lo the mortgagee the araount of any inatalment of principal or interest which the mortgagee may have I paid on auch mortgage with intereet thereon as provided in paragraph 15 of thia mortgage. ~ ' 15. If the mortgagor fails to pay anp instalcaent oE prirtcipal or interest on any prior mortgage when the same beoomes due, ~ the mort~agee may pay the aame,-aad the mortgagor oa demand will repay 1he amount ao paid with intereat thereon at thc legal ( + rate and the same shall be added to the mortgage indebledneas and be secured by thia morigage. ~ ~ 16. 'lbis mortgage is aubject and aubordinate to a first mortgage dated June 20~ 1969 , gi~en to secnre the payment of $24 000.00 dollars and interest, hel~he First F'ederal ~ ~ y Sa?vings and I.oan Asaociation of Rort Pierce, Rort Pierce, Rlorida, ~ I ~ ~ I - ~ _ ~ . ! ~ ~ ~ E ~ ~ " now 8 prior lien on said premisea. . ~ The covenants oontained in this mortgage shall run with the land and bind the mortgagor, the heirs, personal representatives, ~ ' successors and assigns of the mortgagor and all subsequent owners, encumbrancers, tenanis and subtenants of the premises, and ~ ~ s6all enure to the benefit of the mortgagee, the personal mpresentati~~es, successors,and assigns of the mortgagee and all sub- ' sequent holders of this mortgage. The word "moitg2tgoi" shall be rnnstrued as iE it read "mortgagors" and the word "mort- ~ gagee" shall be construed as if it read "mortgagees" whene~er the sense of this mortgao so requires. ~ This mortgage may noi be terminated or ehanged orally. ~ IIlj WTI'NFS.S WHEREOF, this mortgage has been duly ezecuted by the mortgagor IN PRESEIYCE Og: ; ~ ~ ; - a~_ z~ : ~ ~ ; ~ ; ; ; , i ! i i ~ ~ j ~ i ~ 3 'BMk~e ort clews !l i/ 4+wyylioaDle• - gOQ~ ~ r~ ' ~ ~ 3:r ~ ~ ; ~x.~;~ ~ ~..t- ~ ~ ~~_i x ~tt~ ~ I ~ ~s ~ . _ - _ '4_ ' _ . .~.f,~y ' . .5a~- ~