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Home My WebLink About1169 income, profits, issues and revenuei are he~eby monga9ed os if spetifitoliy set forth ond dex~ibed in the ~rontin~ and hobendum clavses hereof, ond such receiver shall huve oll the brood and effective functions ond powen in cny wise ent~usted by o court to o ! receive~, ond such oppointment shall be made by such court os on admitted equity ond o matter of obsolute right in Me Mo~t~a9ee, and wiMaut refererxe to the odequocr o? inodequoty of the volve of the prope?ty mongaged, or to the solvency or insolvency of the Mon~agor and/or the defendant and such rents, profits, income, issues and rsvenues sl+all be applied by the receiver occo~din9 to the lie~ ondjor equity of this mortgoge and Me prottite of such tou?t, and such appointment of receive? sholl be without notice to ony obligor hereunder. NINTM: The Mo?tgagor hereby waives all riqhts of homestead and exemption granted by the Constitution and lows of Fbrida. It is specifically agreed that time is of the essence in this cont~act and Mot no waiver br the Mortgogee of any obl9gation hereunder or of the obligetion secured hereby shall at any time thereafter be held to be o woiver of the ferms hereof or of the obligation secured hereby. TENTH: Upon onr sale, t?ansfer or conveyance of the property herein described and covered by this mortqoge to any person, Arm or torporation, nof previously opproved in wrifin9 by Ihe holder of this morfgage, the Mo?tgagee or holder sholl hove the right to auelerate the moturitp of this mortgaye as though it were due and payable on the day of s~ch trons#er and to demand poyme~t in fvll of the seid nwrt9ega amount or any w?paid bolance thereof, ond to e~cercise all ths-ri~hK and remedies herein or by low reserved to said Mo~tgagee the same as in any eve~t of default hereunder, anything in the promissory note secured hereby or herein to the coretrory nothwithstvndin~. BEVENTH: If fweclosure proceedings of any second nwrtgage or second tnnt deed or a~y ju~ior lien of any kind should be irntituted, the Mortgagee moy, ot its option immediotely or thereofter declare this mongage ond the indebtedness sezured hereby due and poyable. TWaFTH: Thot in the erenf the premises hereby mortgaged, or any part thereof, sholl be wnderr~ed and taken for public use unde~ the power of eminent domain, the Mortgogee shall have fhe right to demand thot oll domages awarded fo~ the taking of or domages to said premises shol) be paid M the Mo~t~agee, up to the amount then unpaid on this mo~tgage and the obligotion secured hereby and may be applied upon ihe poyments last payable under this mortgage ond the obligafion setured hereby. THIRTEENTH: That installmeots, payable under the terms hereof and the note secured he~eby, not pai~ when due, shall be subject. ofter fifteen (151 doys from the due date thereof, to. end it is agreed Mortgogee sholl collect thereon and therewith, o "late charge" in the amount of four per cent (4~) of the installment due upon eath wth delinquent installment, and sud~ "late chargei' are secured by the lien hereof. FOURTEENTH: Without impairin~ the obligations of Mortgagor tontained in parographs SECOND, THIRD and FOURTH hereof, and for opplication to the purposes thereof i~uofar os the same shall be wffiaeM, Mortqagor shall, in addition to the monthly poyments of principol ond interest as stated in the originol rate (and in the note or notes sear~ed herebr) provided to be made. Par a monthlr sum and amount equol ro one-twelfth ll/12) of the estimated amual toxes, asseumeMs and inwrance premiums upon the real estete sewrit~r, as the amount therec~f is determined from Nme to time br the Mortgo~ee. i - i t HFTEENTH: That the Mortgaqo~ shall fumish annually, at the request of the Mortga~ee, flna~ial sfatemenh in form and F certiBed in o monner satisfocfory to ihe Mortgagee. I ~ a StX1EENTH: This mortgage also sawres any and all renewals and ~xtt~ui~ns of the promissory note referred to herein cnd ~ secured hereby, and all irutallments the~eof, and alw any other notes which have been or may be given to the Mort~agee by the Mortgagor, and any other indebtedness of the Mortgagor to the Mortgegee which, however, shall not exceed at any one time ~ ~ the aggregate unpaid principol sum of Tw~:LVE THOUSAND AND NO/100--------------------- Dollars IS 12, 000. 00 1. it beinq the speafic intention thot further advances may be made by the Mo~tqagee af ih option to tha Mortgoqor, either prwr to ~ or oRer the due dotes of the above referred to promissory note hereby secured; and this mortga~e is given for the speciAc - purpose of securing any and all indebfedneu by the Mo?t9agor fo the Mortyagee in whotever manner the some may be evi- ~ de~ced or represented, until this mo?tgoge is sotisfled of record; and all oovenanh and agreements contained in this mortgage ~ shall be applicable to all further and future advances nwde by 1fie Mortqa~ee 1o the Mortpayor and all othcr indebtedness of ~ Mortyagor to the Mort~ayee, ond any ond all renewals or extensions thereof. ~ SEVENTEENTH: Mortgagors, as a condition and covenant of this Mortgage, agree ~ to maintain all of their checking accourrts and all of their savings accounts, and otherwise ~ do all of their banking with th+e Mortgagee during the life of this mortguge. ~ ~ ~ ~ ~ ~ ~ EOOK~~~ PAGE~~6~ ~ -3- e ~ ~ ~.~wn~ . . r._.. 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