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Home My WebLink About1802 income, proPits, issues and revenues are hereby mort9oged as if spetifically set forfh ond deuribed in the y?anting ond habendum clouses hereof, and such rcceiver .shotl hove ail ~he broad ond effcdive fundions and powen in any wise entrusted by a couM to a reteiver, and such appointment sholl be mode by such tourt as on odmitted equify ond a motter of obsolute ri9ht in the Mo?t9aqee, a~d without referencc to the adequocy or inadequacy of the volue of the p?operty mortgoged, or to the solvency or insolvency of ~ the Mo?tgagor and/or ~he defendont and such ~ents, profits, income, issues and revenues sholl be applied by the reteive~ occording to the lien a~d%or equity of this mortgoge and the practice of svch court, and such appointment of receiver sholl be withovt notice to anr obligor hereunder. r NINTN: The Mortgogor hereby waives all rights of homestead and exemption granted by the Constitution and laws of ~ Florida. It is specificolly agreed thot time is of the essence in ~his co~tract and thot no waive~ by the Mortgagee of any obligatio~ _ hareunder or of Ihe obligatio~ secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the ~ obligotion secured hereby. TENTH: Upon ony sole, t~ansfer or tonveyonce of the propertr herein described and covered by fhis morfgoge to any person, firm or corporo?io~, not previously opproved in writinq by the holder of this mortgege, fhe Mortyagee or holder shall hove the right to accelerate the maturity of this mortgage os though it were due and poyable on fhe doy of such transfer and to demand payment in full of the said mortgage amou~f or any unpoid bolance thereof, ond to exercise all the rights and remedies herein or br law reserved to said Mortgayee the same os in anr event of defoult hereunder, onyfhinq in the promissorY ~ote setured hereby or herein fo the tonfrory nothwithsfonding. BEVENTH: If forecbsure procecdings of ony second mortgoge or second trvst deed or any junior lieo of any kind should be instituted, the Mortgagee may, at its option immediately or thereafter declare this mortgoye and the indebtedness secured hereby due ond poyable. TWQFTH: Thot in the event the premises hereby mo~tgaged, or any part thereof, sholl be condemned and token for public use under the powe~ of eminent domain, the Mortgagee shall have Me right to demand fhat atl damoges owarded fo~ the taking of or damages to said p~emises sholl be poid to the Mortyagee, up to the omount then unpaid on tfiis mortgage ond the ob~i9ation secured hereby and may be applied upon the peyments lost payable unde~ this mortgage and fhe obligation setured hereby. THIRTEENTH: That enstallments, poyabfe under the terms hereof ond the note securcd hereby, not paid when due, sholl be subject, after fifteen (15) days from the due dote thereof, to, and it is agreed Mortgegee shall collett thereon and therewith, a "lote charge" in the omount of four per cent (4%) of the i~atallment. due upon each suth delinquent instalimenf, ond such "late chorges" are secured by the lien he~eof. FOURTEENTH: Without impairing the obligotioru of Mortgagor tontained in po~agropAs SKOND, THIRD and FOURTH hrreof, ond far opplication to the purposes thereof insofar as the same shall be sufFicient, Mortya~or shall, in oddition to the monN~lr Payments of principal and interest as stated in the o?iginol note (and in the note or notes sacured herebyl provided to be ; mode, poy a monthly sum and omovnt equol to one-twelfth (1; 12) of tfie estimated annuel toxes, ossessme~ts ond inwronce ~ premiums upon the real estote security, os the omount thereof is determined f~an time to time by ihe Mortgagee. i i HFTEENTH: That the Mortgagor shall furnish anrwally, at the request of the Mortgagee, finarr.ial statements in form and ~ ~ ce?tified in a manner satisfodory to the Mortgagee. ! ~ SIXTEENTH: This mortgage also secures any and all renewats ond exte~sions of the promissory note ~eferred to herein and ~ secured hereby, ond all installments thereof, and alw any ofher rqtes which have been or may be given fo the MoAgagee by the : Mortgagor, and any othcr indebtedness of the Mortgagw to the Mort~agee which, however, sholl not exteed ot any one time ~ ~ rhe aggregate unpaid prir+c~pal sum of EI~"H~T TAOUSAND_ FIVE HUNDRED and 00 100----_---_ ~ ___--------__---------_--------_Dollanit8,_500_.00---_-_1. ~t being the specific intention that further advarxes may be made by the MortQa~ee at its option to M+e Mort9ayar, either prior to ~ or ofter the due dates of the obove referred to promi:sory note hereby secured; and fhis mortyage is ~iven for the specific ~ purpose of securing ony ond all indebtedness by the Mortgayor to the Mortgagee in whotever manner the same may be evi- ~ denced or rcpresented, vntil this mortgape is satisfied of record; ond alf covenants ar?d a~reements contained in this mortgage ` ~ shall be applicable to aN further and future advontes mede by the Mortgayee to the Mortgayor and oll other indebtedness of ~ ~ Mo~tgogor to the Mortga~ee, and anr and all renewals or exteruions thereof. ~ ~ SEVENTEENTH: Mortgagors, as a condition and covenant of this mortgage, agree ~ to maintain all of their Florida checking accounts and all of their Florida savings accounts, _ and otherwise do all of their Florida banidng with the Mortgagee during the life hereof. ~ o ~ RECEIYED ` IN PAYMEM OF T1U(ES DUE ON CLIISS INTMIGIBLE PERSONAL pRppEgn~ 'x Pi1RSUANT TO CW4P'tER 20724, ACTS OF 1911. ~ ROGER POIiRAS, Clerk Grcuit Court ~vj / ~;t as Agent for DAHIEL N. KNOWLES, 1R ~ ~ ~ St lucie Cour.ry Tax Colkctor ~ ~ Br C ~ DF~UiY CIERK ~~T ° R 190 ~.?98 - 3 - BOJK 't1 - - - - ~j _ ~~~`;e _ ~ _ . , . _ . , . . , ,.e ~ - ~~~~~.v