HomeMy WebLinkAbout2074 property filed pursuant to the provisions of the National
Bankruptcy Act, as amended, or any similar state law, is
approved, then, upon the happening of any one of said events
(or if otherwise authorized by any other provision of this
mortgage or the promissory note secured hereby):
(A) All of the indebtedness secured hereby then remain-
ing unpaid, together with interest then accrued,
shall become and be immediately due and payable at
the option of the Mortgagee, without notice or
demand, both of which are hereby expressly waived,
and this mortgage may thereupon be foreclosed for
the entire indebtedness, interest and costs, in-
cluding attorneys' fees as provided in the Promis-
sory Note secured hereby. In any proceedings to
foreclose or enforce this mortgage, appraisement
of the mortgaged property is hereby expressly
waived or not waived at the option of the Mortgagee,
such option to be exercised at or prior to the
time judgment or decree of Foreclosure is rendered.
The Mortgagor, for the considerations herein
expressed, does hereby expressly waive all benefits
of the homestead e~:emption and stay laws of the
State of Florida.
(B) Mortgagee shall, upon the initiation of a proceeding
for the foreclosure of this mortgage, be forthwith
entitled to and may at once take immediate posses-
sion of th~~ mortgaged property and collect the
rents, issues and profits thereof, being liable to
account only for those actually received by Mortga-
gee, or Mortgagee, at its option, may have a
receiver appointed by the Court to take possession
and control of the mortgaged property, and to
collect the rents and profits thereof, under the
directions of the Court, without the proof required
by Statute; the amount so collected by such receiver
shall be applied, under the directions of the
Court, to the payment of any judgment rendered or
amount found due upon the foreclosure of this
mortgage.
13. In case the Promissory Note secured hereby shall
be collected by legal proceedings or through the bankruptcy
court and/or shall be placed in the hands of an attorney? for
collection, and/or if suit is filed thereon and/or for
foreclosure of this mortgage, and as often as any of such
events occur, the Mortgagee shall be entitled to receive all
costs and expenses incurred by them in connection therewith
and shall further be entitled to a reasonable attorneys' fee
as provided in the Promissory Note secured hereby of not
more than ten percent (10%) of the then unpaid balance of
said Promissory Note secured hereby including interest
accrued thereunder, all of which costs and expenses and
attorneys' fees shall be immediately due and payable and
added to the mortgage indebtedness secured hereby.
14. No delay by Mortgagee in exercising any right or
remedy hereunder or any right or remedy otherwise provided
by law or by the Promissory Note secured hereby shall operate
or be construed as a waiver thereof or preclude the exercise
thereof during the continuance of any default hereunder.
The remedies hereby granted the Mortgagee for default in the
terms and provisions of this Mortgage and the Promissory
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