HomeMy WebLinkAbout1398payment of taxes, insurance premiums and other charges due
hereunder, or in reduction or the indebtedness secured by this
Mortgaqe; and the rents, issues and profits are hereby
specifically pledged to the payment of said indebtedness and of
all other obliqations which may accrue under the terms hereof,
and MORTGAGEE'S acts, as authorized in this paragraph, shall not
in any way affect its right of foreclosure, its right to have a
receiver appointed, or its exercise of any other rights provided
herein.
If any proceedings shall be brought to foreclose the
Mortgage or to collect the indebtedness hereby secured, the
court having jurisdiction of the case may, upon application at
any time by MORTGAGEE during the pendency of said proceedings,
without regard to the adequacy of the security, appoint a
receiver to take possession of the Premises, protect and
preserve the property, and to rent the same, to collect all
rentals and profits accruing therefrom and to apply the
receipts, as the court may order, in payment of receivership and
foreclosure costs, taxes, insurance premiums, property
maintenance and all indebtedness hereby secured.
if any of said defaults be made in the performance or
observance of any of the said agreements, conditions, covenants
or warranties herein contained on thE part of the MORTGAGOR to
be performed or observed, or in the event of default by the
maker of said note, then upon said default, in addition to the
remedies heretofore set forth, MORTGAGEE shall have all the
rights and remedies provided by law and equity including, but
not limited to, the right to take possession of the Premises and
sell the same in the manner permitted by the laws of the State
of Florida and shall apply all amounts received from the sale
toward the payment of the expenses of such repossession and sale
and the indebtedness secured hereby. It is expressly agreed
that any personal property covered by this Mortgage may, at the
option of the MORTGAGEE, be sold separately from the Premises at
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B~~ 345 PaGE 1396
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