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~ of any o! the ternis~ covenanta or ngreements ~f thie mortgage, then in any or either oi eAid avents~ the whole of the
indebtedness herebv aeeured, at the option of the mortgnget~ or tho logt~l holdor of said inciebtecinea9, ehall beconia irame-
~ diately due and payable without notico, or in tho evant of tho pnssagQ afker the datQ of thia mortg~gu of any law of the
8tute of Florida deciueting from the va[uo of Innd for thQ purpose of t~xntion any lien thQreon, or ehanging in any way i,,~
t1iQ ln~vs now in forco for thQ ts?xntion of mortgagea or ciobts securect by morEgages for Sta~e or local pi~tposes, or the ~
manner of tho coltection of any s~~eh t~xati~n eo ~s to at~ect this mortgaga adversely, ti~e holcler of this mortgaga and
of tlie dabt ~vhieh it secures, shali h~vo tho ri~t~t to givo thi~~ty dnya' written notic4 to the o~vner of tho grant,~cl premis~e j~
reqUiring tho payment of tha mortgag~ debt, an~ it ia hereby agreeci tliat, if such notica bo given, tho said debt shall
tlecomQ duo~ payAblQ and co)lectiblo at t}iQ oxpirfltion of said thirty days, and upon tho mortaggo indebtedne~s becom- ~
ing duo ~nd pAynble as~l~erc~tofaro provided, tho mort,gngor slinll refrain frotn colleeting and recciving all rents nccruing
~ as aforest?id and u on notica from the mort n ee sll tenants shnll h r
, P g g t e eaf ter p~y sueh renta to tlie mortg~gee~ and any
. }~s?yment made otherwiso ehall not dischnrgQ thQ obligations of auch tenant, and tho mortgagee may immeciiately cauce .~i
, thie mortgage to bo foreelc~sc~.l in the manner preseribecl Uy la~v, nnd upon eommeneement of fornelasute proeeeding$
ahall be entitled to huve a receiver uppointed, ~vhether the mortgageci premises are homesteud or not and ~vithout proof
r_. of nny ather ground for hi~ appointment than tho said default, to takQ possession and eharge of the mortgageci premiees, '~~F
to rent the sAmo and receive t~nd collect tl~e rent~, issucs and profits thereof, under direction of the courL, and any amount '-:j~`~
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so collectetl by such receiver ~halt be applieci under direetion of the court to the payment of any judgment renderecl,
or amounts founcl du$ upon foreclosure of this mortgage ineluding th8 cavt of colleetion und re~usonsble attorney'e fee~;
, and, in th~ event of an defsult or defaults in thQ a menL of tlie indebte~lnc~s hereb seeurecl or of an ~ ~
, Y P Y y , y inetallment
thereof, or of interest thereon, or in the performanco or observsuce of any of the tercne, eovenants or agreementa herein
• eonxaiAC~, the mortgAgee shall have thQ right forthwith after any such default to enter upan and tsko pa~seesion af said .
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mortgsgeci premises and ta let said premises and receive the renta, issues and profite thereof, and apply the eame, after : °
~ payment of all neceasary charges and expensea, on account oi the indebtedness hereby secured. ~ ~
Tho prceeecis of said foreelosure shall be appl'seci, firat, to the expeasea ineurred hereunder, ineluding a reason- .
' a'ble attorney's fee for such services as may be rendered for the collection of eaid indebtedneas aiid the foreclosur~, af ~
. thia mortgage; aecond, to the payment of whatever sum or sums the mortgagee may have paid or become liabte to p$y ~
~ in carrying out the options, terms and stipulations of this mortgage, together with intereat therean; third, to the pay- , f
ment and +awtisfaction of said not+e; tind fourth, the surplus, if any, ehall be paid to the mort.gagor or otherwiee as the 1
: court may decree. ~ ~ ~
. The mortgagor hereby agrees that, in tha event mortgagea ahall place the note hereby securet~ in the hande of ~ ~
an attorney aiter default or after maturity for collection or for forecloeure, he will pay such reasonable attorney's fees ~
; as are authorized by taw, together with the cost of extending the abstract and all court costs and atl expeneea properly ~
' paid or incurred hereunder, and same are hereby aecured.
~ The mo~tgagor hereby assigns, tranafers and conveys unto the mortgagee, ite successore and aseigns, the rents
accrued and to acerue from ull tenants in occupancy of the mortgaged premises, or any part thereof, including rentale ~
, and royalties under oil, gas and mineral leaees, if any, during ths lifetime of t}~ia mortgage, it being understood that t-
: ae long as there i» no default in the performance or observ~nce of any of the covenante or agreements herein conta,ined '
' the mortgagor shall have the privilege of collectiug and receiving all rents accruing under leasea or contracts of tenaney ~
for the mortgaged premises or any part thereof.
~ f The mortgaged premisea being located in the State of F~arids, this mortgsge and the rights and ~ndebteclnesa
` hereby secured shatl, without regnrd Ga the place of contract or psyment, be conetrued and eniorced according to the
lawa of the State of Florids.
- Notwithatanding any provision herein or in said note, the total liability for paymenta in the natura of interest
• shall not exceed the limits now imposed by the ueury lawe of the St~te of Florida.
~ IN ~'VITNESS `YHEREOF, the said mortgagors have hereunto set their hands and seals' `
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~ ~ this 22nd day of Ueceu~ber, 1964. -
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; ~ign ed and delivened in the p nce of t ~ . t. f.. ~ ~ '
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I l~ ' ,r~~ ~ ~ ~~~~~i ~~~~~f • • . _ ~ ^ ~
vara~a~~
~ - • ~ - Patrici.a A Mag~a " _ _-($EAL)
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' S • j` ` ` ~ ~ ~-~"~'~'~C~+:ITW ~ , .
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. $TATE OF FLORYDA ~ ~ . ' _ _
COUNTY OF ~T, LUCIB . ~ ~ . -
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t. . I, 3am? C. Gay - , an officer duly authorised to take aaku4wlod~me~ta ia a~d for
eaid $tate and County, do hereby cerLify thAt Feter Ma a ~ And
. , hia wife, both of ~hom are to me well knov~vn aad known to me ~patr'icia A iKagda~ .
' . . , be? the iadivic~uAt~ doecribed m. -
~ and who executed Lhe foregoiwg instrument, psrsonally appeared before me t~hie day and did eevera~lly s?eknowl~dge ;
' . to a.nd before m~ that they executed said in$trument for the purpoees therein expr~eseed; and tho said ~
~ Patricia A.Magda , well known to me to be the wife of said Peter I~tagda , ~p~ ~
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_ . ~,~RT 1~7 1~fc12~ - i[: } ~'i~'
- s''~ ~''~t;