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~ncom~, p~ofils, issues cnd ?evenues cre hereby mo~tqayed as if specifkallY sef fo?N~ and described i~ the orontin9 ond hobendwn
cla~ses hereof, and iuch ~eceiver sholl hove all the brood and effective functions and powers in ony wise entrvsted by a tourt to 0
receiv~?, ond suth appointmenf shall be made br such coun as an admitted aquity and a matter of absolufe ri~hl in the Mo~t9o~e~,
ond wiHwut reference tq tha adeqvocy or inadequocy of the volve of the property mon9a9ed, o? to the ~Ivency o~ insolv~ncy of
the Mo~t~ayor and/o~ the defendant ond such rents, proFits, incane, issve: o~d revenues shall be opplied by the ~eceive~ oaordin~
to fhe lien ond/or equitr of Mis mon~a~e and fhe proctice of suth courf, and such oppointment of ~eceiver shcll be without notice
to onr obli~or he?eunde~. ~
NINTH: The Mort9agor hereby waives oll ri9hts of homestead ond exemption pronted by the Constitution and laws af
fbrida. N is specifitolly o~reed fhot time is of the essente in this cont~ott a~d that no waiver by Me Mo~t~a~ee of ony obli~at~a+
~ereunde? or of the obliqotion secured hereby shatl ot any time thereafter be held to be o waiver of the terms hereof or of the
obfi9ation secured hereby. -
TENTH: Upon anr sote, fronsfer or conveya~ce of Ihe prop~rty herein dexribed and aovered by this na?tyo9e to anr
penon, Rrm w corporation, not previously approved i~ writin~ by 1he holder of fhis mort~aqe, Me Mon~c~ee or holder shall have
the ri~ht to aaele~ate fhe maturitp of this na?tqa~e as tl~ouph it were due and poyoble on th~ dor of wch transfe~ aed to demand
porrnant in full of the soid mortpaqe onaunt w any unpaid bolance fh~reof, and to ~xertise all the ri~hts and remedies h~r~in or
by law reserved ro soid Mo~tqa~ee the some os i~ a~y event of defavlt h~reunder, onythinq in the pranissory note sacv~ed
herebr or herein to M?e oa+trary nothwithstandin9.
BEVENTH: If fo?eclosure proceadin~s of aor second nw?tqa~s or sacond tnnt deed or anr jwwor iien of ony kind siw~dd
be irutituted, the Mort~ayee nwy, at its option immediatelr or thereaher dedare this nwrtpa9s and the indebtedn~ss secured
herebr due ood payoble.
TWaFTH: Thot i~+ fhe event the premises herebY nwrtqoqed, or any part lhereof, sholl be coodem~ed ond taken for public
use under the power of eminent domain, the Mort~ayee shall have 1fie ri9ht to denwnd that oN damoyas oworded for th~ takinp
of or dama9e: ro sa~d prsmi~s sholl bs pa~d ro ~he Morr9apes, up to the amount then w~paid o0 lhis rnort~aq~ and ih~ obli~ation
securcd hereby and nwy be applied upo~ fhe parme++b last poyable w~der Nws nwrtpaqe and 1M oblipalion s~a+red hereby.
THIRTEENTH: Thot instcllments, poyoble unde~ the temis hereof and N+e note secur~d hsrebr, not paid when due. shall b~
subject, ofter flkeen (15) days from the due date thereof, to, and it is apreed Mort~aoee shall oollecf th~raon and 1h~rewith, a
.'late charqe" i~ the amouM of fow pe~ cent 14~) of the instollmeot due upon each wch delinqwM irotollmeM. and wefi "late
char9as" are secured by ths lien her~of.
FOURTEENTH: WiNau~ impairin~ the obli~atio~s of Mort~o9o? oomained in parapraphs SECOND, rnn~o and fOURTN
hereof, and for opplitotion to the purposes th~reof insofar os the sa~ne shaR be wfFideM. Mort~a~or shall; in oddition to Me
monHd~r parments of principal ond iN~rost os stated in the ori~inol nofe (and in N~ nq1~ or rat~s s~cured he~eby) P~~~ b be
made, por o ma,~y ~ a~d a~,o~ ~~a~ ro o~e-twelfth (1/12) of tha estienatsd arwiuol tax~s. asstssmanls ond inwrant~
pramiums upon fhe ~ea) estate securifp, os th~ anaunt thereof is determinsd fran time to hme br the Mort~a~e~.
HFTEHdTH: That the Mort~a~ sho8 funnish annvallr, at th~ request of the Mort9a~ee, flnontial stctements in fwrn and
certified in a mamer satisfactory to the Mort~o~~e.
SIXTEENTH: This nwrt~a~e also searres anr ond o!I ~enewcls and exte~nions of the promiuory nofe ~eferred to herein and
i secvred hereby, and al! installments thereof, and also anr other notes whid~ have bse~ or nwr be ~iven to 1he Mort~a~ee by the
; Mortqa~, and any other indebtedneu of Ihe Mortqaaor to the Mortya~e~ which, how~ver, shall rat excead at anr one time
~
~ tfie og~re~ate unpaid pri~cipal swn of SIXTEEN THOUSAND AI9I2 I1LQ~100-------
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--Ddloalil6}00~~00
~t beinq the speciflc inteetion that furlher adranc~s nwr be mad~ by the Mort~aq~a at its option M fhe Mort9a~or, ~ith~~ prior to
w after the due dotes of the above ref~rred to promissory note herebr setwed; ond this nwrt~a~~ is piv~n for ihe sp~ciAt
purpose of secu~p anr and all indebtede~ess by the Mo~f~apor fo the Mort~apes in what~v~r nwmer the same nror b~ evi-
denced w represented, until this nart~a~e is sotisfled of rscord; and all oovenonts end e9ree+nents oa+toi~ed in tlr: nwrt~o~e
shall be opplicable to ell further ond fWvre odvances nwde by the Mort9aq~e to the Mort~a~or end oil olhtr indebtedn~ss of
~ Mortqa~or to the Mortqaqee, ond anr and ail ren~wals or extensions ther~of.
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SEVENTEENTH: Mortgagors, as a condition and covenant of this Mortgage,
~ agree to maiatain all of their Florida checking accouats and all of their Florida savings
~ accounts, and otherwise do all of their Florida banking with the Mortgagee during the
~ life of ~this Mortgage. -
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~ ~ a~192 21~39
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