HomeMy WebLinkAbout0649irroorne, profits, issues and avenues an hereby mortgaged as if spedfkally set forth and desuibed in the granting and habendum
douses Mraof, and such receiver shall have all Mre broad and effective fiaf+ctions and powers in any wise entrusted by a avert ro a
receiver, and such oppoWment shoN be mode by wdr court as an admitted equity and o matter of absolute right in Nre Mortgagee,'
and without reference ro 1M adequacy or irwdequary of the voles of the property mortgaged, or ro the sohenq or insolvency of
tM Mortgagor and/or the defendant and such ants, profit:, income, issws and reverwes shall be applied by tM receiver aaoording
ro the lien and/or equity of this mortgage and the pracMte of such avert, and such appointment of receiver shall be without notice
ro any obligor hereunder.
NINTH: The Mortgagor Mreby waives all rights of homestead and exemption granted by the Constitution and lows of
Florida. h is spedflcally agreed Mwt time is of tM essence in This asntrad and that no waiver by tM Mortgagee of arty obligation
hereunder or of the obligation severed Mreby shall at any time 1Mreafter be held ro be a waiver of tM terms hereof or of the
obligation seared Mreby.
TENTH: Upon any sale, transfer a axweyarxe of the Property herein desuibed and covered Sy Mess mortgage ro any
person, firm or axporatan, not previously approved in writirp by the hdder of this mortgage,lM Mortgagee or holder :boll hove
the right ro accelerate Mee maturity of this mortgage as though it wen due and payable on the day of such trarofer and ro demand
payment in fuq of Mre said mortgage omow~t or any unpaid bolonaa thereof, and ro exerdse afl the rights and remedies herein a
by low reserved ro said Mortgagee the some os in any event of defouh hereunder, anything in the promissory note seared
hereby or Mein ro the contrary ralhwithstanding.
BEVBdTH: ff foreclosure proceedings of any seax~d mortgage or seaxrd trust deed a any junior lien of any k'xrd should
be instituted, the Mortgagee may, at its option immediately or thereafter declare the narigoge and Mrs indebtedness seared
hereby due and payable.
TV1/aFTH: That in tM event the premises hereby mortgaged, or any port thereof, shall be ax~demned and token for public
use under the power of eminent domain, the Mortgagee shall hove the right ro demand that all damages awarded for the taking
of a damages ro said premises shall be paid ro the Mortgagee, up ro the amount then unpaid on this nartgage and the obligation
seared hereby and may be applied upon the payments lost payable under Mess mortgage and the obligation seared hereby.
THIRTEENTH: That ir>:tallmerds, payable under the terms hereof and the note seared hereby, not paid when due, shall be
subject, offer fifteen (15) dogs fawn the due date Mrereof, % and it a agreed Mortgagee shall aspect thereon and therewith, o
"late darge" in the amount of four per ceN (4~ of the installment due upon each such delingwnt irrstolknent, and such "late
darges" ore secured by the lien hereof.
FOURT~ITH: WiMrout impairing the obligations of Mortgagor osetained in paragraphs SECOND, THIRD and FOURTH
hereof, and for application ro the purposes thereof insofar os the same shall be wdfioient, Mortgagor shall, in addition ro the
mordNy payments of principal and interest os :toted in the original note (and in the rate a notes seared hereby) Provided ro be
Wade, pay a nronM~ly sum and amount equal roans-twelfth (1/12) of the estimated orwNwl taxes, assessments and inwronce
premiums upon the real estate security, as the amount thereof is determined from time ro time by the Mortgagee.
FIFTEENTH: That the Mortgagor shall famish omually, of the request of the Mortgagee, finanaal statements in form and
certified in o manner satisfactory ro the Mortgagee.
SIXTEENTH: This mortgage ah~o secures orry and all renewals and extensions of the promissory note referred ro herein and
secured hereby, and all installrnsnts thereof, and also orry other notes which hove been or may be given ro the Mortgagee by the
Mortgagor, and-any other indebtedness of the Mortgagor ro the Mortgagee whrdy however, shall not exceed at any one time
the aggregate unpaid prirrdpal sum of FIVE THOUSAND NINE HUNDRED AND NO/100----------
------------------------------------------------------ Ddlars(i 5,900.00 ).
it beirq the speaflc attention that further advances may be mode by the Mortgagee at its option ro the Mortgagor, either prior ro
a after the des dates of the above referred ro promissory note hereby secured: and this mortgage is given for the specifk
purpose of sedrrirq any and all indebtedness by the Mortgagor ro the Mortgagee in whatever manner the some may be evi-
denced or represented, until this nartgage is satisfied of reaxdj and all asveranfs and agreements coMaated in this nartgage
shah be applicable ro all further and futon advances mode by the Mortgagee ro the Mortgagor and all other indebtedness of
Mortgagor ro the Mortgagee, and any and all rertswols or extensions thereof.
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