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Home My WebLink About0618 e ` • . . ~ ' i , . • . '1~~~~ afi}4 ll ~ ~ - ~ 2. To leave ~vlth the mortga~ee duri~ the e~cistcace ot said note any abstract o~ dde furni~hed to the mort- gaQee. In the event of any foredosuce eale hereunder the mortgagee may deliver wch ~b~tract w the purchaser , st w~h ~ak and ~t ~I+all beooAH ~ P~'oP~Y ot wd~ purc4aaer. • , ~ : . . 3. To p~Y, bel4re the same beoome ddinqu~t, all taxa. areasmenb~ wster and~otba upoa ot the p~a~a or upoa ore~ga~'ast this mortgsge o~ said aote. kvicd or aweNed ia Florids: And~any otha liens~ or emcumbranoes which t~6a11 appcar to be A lieap n'or to the liea of thb~aorrga~e upoa tbe prcmise~ ~ buildings or ot6er 6xtura thenon. In default thereo(. the mortgagee nwy: without'demand or ~otioe, ~ either (a) PaY aad di~uuge the same. or ) may appe:u in an~? actie~ fcr the eniacoemApt thereof and defead or ~ eettle tlu sarac~ and.ia.detmainwaa? as twe val~dity, prior~ty and amoup4 t~?eroof sUa1P t~e bidding~dpoo the , i mortgagor. . , - - . ~ . ~ . . - . ~ : ; ; : : , . c : : ~ ~ - , ~ . . _ . : . . . . . . . . . ~ 4. To keep wch buildings and other fixtures upon the ~xuemiaea insured agaiaat suc~ ba:ards and in wch amounts as may be required by the mortgagee. All policiea of insuranoc and the renewals thereo! shali be writtea upon lorms and ia oomp~aies sadstactory w t6e raortgagce, bc made payaWc~ in case ot tosa. to the mortgagee. and shall~ with premiums tully paid by the mortgaga~. be delivered at leaat 6fteen (1S) days before the expiration o~ anY oid po[icy. to the mortgagee and held by it. In default thereol~ mortgagee may•procure such insarance and Ray d,e prc~niums tha~eon. ' - In case of las. tg~ee is authorized and empowered at its optioa to oollect and reaive the prooeeds from aay such PolicY. and at~~ ter deducting from such insuranoe pc+ocecde any expenaes incurred by it in the oollection or handling~ thereof~ to apply thc net prooeeds, at its electio~, either to the restoration ot the property damaSed or ~ aa a credit on any portion of Ehe unpaid balance of said ~ote whether then matured or to mature in the futuce. ? S. To oanmit or permit no waste oa the ~ni~es. ~ loeep the buildings aad other 6xturea thereon in good eoadition and repair. and to cultivate aad fertilt~e any im~roved pasturc ou tbe premises in a good huabaadlil~e msanec. In default thereof~ the mortgagee may at its tion remedy aay ~vaste or make any repaira and ib dr termination as ~o the advisabilit~or neoess~ty thereof a6al~be bindia~ oa the mortgagor. 1'he m~tgagee is hereby ~4,nas_ - ' ~ r~r~; e~ aiiuav~asi.~ ~v ciiici ii~via oiau ww~. ~O..owt.".'i S3~ ~.L' .~2'E3~2...... t3! 6. To pay the mortgagee. immediately and w~ithout demand. all auma which it.shail pay or expend pursuant to the provis~ons of'Paragrapiu 3~ 4 and S above, induding oost of any tide evidenae and reaeonable attorney's fees. together anth interest thereon from date of eupenditure until paid at the rate of ten peroent (10%) per annum~ and if aot so paid by the mortgagor~ a!! such sums shaU be added to the debt and secured hereby. 7. The mo~tgagee. by any authorised ageat or empby+ee, may enter upoa and inapect the premises at any reasonable dme. 8. T6e net pcooeeds of any ladgmmt, a~rard or settlernent in any oondemnation or ot6er poooeeding for any damage to the premises, build~gs or other fuctures thexeon, at:all be paid to the mortgagee and shatl, at its ~ option. either be applied as a crcdit on any portion of the unpaid balance of aaid note. whether then matured ' or to mature ia the [uture. or be reieased to the m~agor. 9. ~ The mortgagee shall be subrogated to the liea. notwithstanding its releaee of ret~ord, of an~yprior vendor's lien. mortgage or other encumbrance on the premises paid or discharged irom the proceeds of aaid note. 10. The mortgagee, at the request ot mortgagor. may icom time to time and w?ithout notice, exec~te and deliverpartial releases of anypar t of the premiees frora the liea of this mortga~e without affecting either the persanal l'iability of any peraon liable for the paynnent of said noLe~ or the lien of th~s mortgage upon the remainder of the premises for tf~e fuil amount oi the note then remaiaing unpaid. The rights of aay subsoquent Purchaser. of any junior lienholder or of any other person or oocporatio~ ia a11 or any part of the premisea shall be subject ~o auch right of the rnortgagee to euecute a~nd deljver such partial rele~ses aa aforesaid. _ 11. The entire debt eecured hereby ahatl, at the election of the mortgagee and without notice or demand, ; beo~me immediately due andpa yabte and this mortgage may be foredasod in the event of (a) any default in the ' paymerrt of any installment ot rrincipal or interest on said note or in the keepin~ and QerEormanae of aay of the ~ a~venants or agreementa hereunder. or (b) if the mortgagor. without first obtainmg ~rntten aonsent of the mort- gagee thereto, shall assigr~ the rents or any part thereof. from the pcemises. or shall oonaent to the cancellation or ~ surrender oE any leaae of the premises or any part thereof. now existing or hereafter to be made. and having an uneupired term of one year or more. or shall modify any such leaee ~o as to shorten the unexpired term thereoE~ or so as to decrea~e the amount of rent payable thereunder. or shall in any other manner impair the value of the prem- ises ~ the security of the mortgagee for the payment of the debt hereby ~ecured. ~ 12. In the event of any foreclo~ure hereof- ~ (a) The mortgagor shall pay all ooats and expenses thereof. including the ooBt oE any title evidence and reaaonable attorney's fees. which sum0. if not paid before suit is commenoed. shall be added to the debt and secured hereby; - s (b) The mortgagee ahall without notice be entitled to the appointment of a receiver to take charge of the mortgaged property~ to rnllect the rents~_ issues and pro6ts therefrom~ and to care [or s~me~ without proving insolvency or any grounds for extraordinary relief, ancl the mortgatgor hereby oonsents to such appointment. and such appointment shall be made by the wurt having ~un~diction thereof as a matter of nght w the mortgagee and without reference to the adequacy or inadequacy of the security or to the solvency or insolvency of the mortgagor. ~ - ~ - 13. The transfer of the rents, iseues and profit~ irom the premises. hereinabove made, ia specific in nature and irrevocable. So long as no default exista in the payment of said note or in the keepinq and performance oPmort- gagor's o~venants hereunder. the mo~tgagor may oollect and retain the currendy accruing rents, issues and profits T as they accxue, but in no event ia advance of their normal aocrual date. In the event~ however, of any such de- ~ fauit~ mortgagor hereby expreadly and irrevocably authorizes and empowera the mortgagee. ita agenta or attorneya, i at its etection and without notice to mortgagor~ and as the appointed agent of mortgagor~ to: , (a) Take immediate poa~ession of and maintain full oontrol and management over the premises; (b) Oust tenants for nonpayment of rent; (c) Lease atl or any pact of the premisea on wch tenna as mortgagee may deem advisable; (d) .Make altuatione or repairs which mortgagee may deem-advisable; (e) Reorive all rents and other inoome from the premises aad i~ue reoeipis therefor. Out of the amount or amounta eo received. mortgagee ahall gay the neceeeary operating ezpenses: including a rea~n~ble charge for managing the property. and shall then apply the net balance remairang in such ma~r.~ qa~h may in _itssqle.diecxetia~ deeayadvis~able upon any suma, advaaaes o~ an~ yother portion of ~'~atfFbted- ness secured hereby. and then render any overplus to mortgagor. Mortg ~t~ gooou only to the extent that such rents and inoome are actually c~ollected. ~OKl~~E