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13. If default be made in payment, when due, of any
indebtedness secured hereby, or in performance of any of
Mortgagor's obligations, covenants or agreement hereunder:
(a) Mortgagee is authorised at any time, without
notice, in its sole discretion to enter upon and take possession
of the Mortgaged Property or any part thereof, to perform any
acts Mortgagee deems necessary or proper to conserve the security
and to collect and receive all rents, issues and profits thereof,
including those past due as well as those accruing thereafter;
and
(b) Mortgagee-shall be entitled, as a matter of
strict right, without notice and exparte, and without regard
to the value or occupancy of the security, or the solvency of
Mortgagor, or the adequacy of the Mortgaged Property as security
for the Note, to have a receiver appointed to enter upon and
take possession of the Mortgaged Property, collect the rents
and profits therefrom and apply the same as the court may direct,
such receiver to have all the rights and powers permitted under
the laws of Florida.
In either such case, Mortgagee or the receiver may also
take possession of, and for these purposes use, any and all
personal property which is a part of the Mortgaged Property
and used by Mortgagor. in the rental or leasing thereof or any
part thereof. The expense (including receiver's fees, counsel
fees, costs and agent's compensation) incurred pursuant to the
powers herein contained shall be secured hereby. Mortgagee
shall (after payment of all costs and expenses incurred) apply
such rents, issues and profits received by it on the indebtedness
secured hereby in such order as Mortgagee determines. The right
to enter and take possession of the Mortgaged Property, to manage
and operate the same, and to collect the rents, issues and
profits thereof, whether by a receiver or otherwise, shall be
cumulative to any other right or remedy hereunder or afforded
by law, and may be exercised concurrently therewith or
independently thereof. Mortgagee shall be liable to account
only for such rents, issues and profits actually received by
Mortgagee.
14. If the indebtedness secured hereby is now or
hereafter further secured by chattel mortgages, security
E interests, financing statements, pledges, contracts of guaranty,
~ assignments of leases, or other securities, or if the Mortgaged
Property hereby encumbered consists of more than one parcel
of real property, Mortgagee may at its option exhaust any one
or more of said securities and security hereunder, or such
parcels of the security hereunder, either concurrently or
independently, and in such order as it may determine.
15. This Mortgage shall secure not only existing
~ indebtedness, but also such .future advances,~whether such
advances are obligatory or to be made at the option of Mortgagee,
or otherwise, as are_ made within twenty (20) years from the
date hereof, to the same extent as if such future advances were
made on the date of the execution of this Mortgage, but such
~ secured indebtedness shall not exceed at any time the maximum
principal amount of two times the amount of the Note, plus
interest thereon, and any disbursements made for the payment
of taxes, levies, or insurance, on the .Mortgaged Property, with
interest on~such disbursements. Any such future advances,
whether obligatory or to be made at the option of the Mortgagee,
E or otherwise, may be made either prior to or after the~due date
of the Note or any other notes secured by this Mortgage. This
Mortgage is given for the specific purpose of securing any and
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