HomeMy WebLinkAbout1806 01!22%90 13:2: C~AJSTER-BOCA 004
(a) declaro thc Secured in~ebte8ne~a includ~nq any
paym~nta far texes, aaaea~ment~, in~urance premiums, liena,
coata, expenses end ettorneya' lees herein aQecified, withovt
notice to the MortqeQor (such notice bein4 herebY expressly
~aived), to be due and colleckiblc at once, by toreclosure or
otherwise;
(b) Gntez upon and take posseasion of the Mortqaged
Property without the appointment of a receiver, or en
application therefor, ~mploy a managing aqent ot lhe Moityaye~
Property and l~t thc aame, either in ila own namcs, ~r in the
name of Ehe i~I~ietgagor, r~ceiv~ or eolle~~ k~e Yents, incomes,
issues, proceeda and profita of the Mortgaged Proper~y et~~
appiy the same, ~fter pnyment of all necessary charges a~td
e:penr~es, on a~count of the Secured Indebtednass, ~ut ~nly with
the con~ent of the Mortqaqor, which Go»seat ahall be
conclusively presumed Crom the Morty$yor's abandonment of the
Mortgaqed Property, and any auch abandonment or c;ocia~nt ahall
constitute an ~ssignment to the Mor~.yayee of ttir Murtyagor's
interest in any leaae now or t~ereefter efEectin9 the whole or
any part of khe Mortgeged Pro~erty;
(c) pey any suma in any form ar manne~ deemed
expedienk by the MorLgayee lu ptr~tac;t tt?e security ot th~s
Mortqaqe or to cure any Svent of Default other than Payment o~
interest or principal pr~ the 5ecured In~ebtedness; meke any
payment hereby authorized ~o be matl~ nc;cordinq to any bill,
atatement or estimate furnisheQ ot ~r~curred trom the
appropriate public o~ficer or the p~rty claiminy payment
without inquiry izitv the accuracy or validity thereof, snd the
receipt ot any ~cuct~ public otficer or perty in the h~nds of the
Mortqageo shell be turic:lusive eviderlce of the validity and
emount o£ itema so paid, in which event the amounts so paid,
with interes~ LhQr~ut? fi~m the date ot suCh payment at the
maaimum contract rate of intetnst permitteC by law, shall be
added to ~nd bccome a patt uf the SecureA InQebtedness and loe
immediaEely due and ~ard~l~ to the Mortqaqee; an~ the Mortgagee
~he11 be subrogated to any encumbra~ce, Iien, claim or demand,
ar~d to aii the rights and securities for the gayment th~reof,
paid oc di~c:harged with tha princfpal sum secured hereby or by
the Mortq~gee undej ttc~ provi.sions hereof, and any such
aubrogatfon riyhks sha~l be aQditional and cumulative security
to this Mortfle9e;
(d) p~raue any and all remediea available under the
Uiiifui~~~ C:ommerc~al Code, Chaptet b79, Florida Statutes; it
being hereby ayc-eed that five (5) days~ notice as to the time,
date and place o[ ai~y ~roposed sale sha11 be reasonable;
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