HomeMy WebLinkAbout2755 ,ncome, prcf~ts, ~ssues a~d re~enves ars he~eby mo:tgayed as if spK~fKally set forM ond dest~~bed ~n the yron~inp ond hobendum
clouses hereof, oRd such ~ete~ver shali hove all !he brood o++d effect~~e i~r.ctfons a~d powen M o~y ~Y~s. e~r?~sred by o ca,n ~o 0
rece~ver, a~d svch appo~~tment sholl be mode by svch court os on admitled equity ond a motter of obselute ri~ht i~ fhe Mo~t9ayee,
and without refere~xe to the adeqvocy or ~nadaquo:y of the volue oF tAe~rope~~r mo~~9.aQed, or to the solventy or iniolvencY of
Me Mort9ogor ondio? ~he defendon~ ahd ~vch rents, profits. ~r+come, issues ond ravenues sholl be appl~ed by the ~ece~ve~ accor~+ny
~o Me I~en and o. equ~~y of ~hK morr9p9e o~d rhe proc~~ce of sucA ca~?t, o~d s~Kh oppoinlmeM o( receiver ~holl be wiMw~;' r~otice
to any obl~go? he~eunder. _
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NINTH: T1:r Mortgogor he~eby wo~ves all ~ipAK of homestead ond exempt~oa gro~ted by the Constitutipn ond laws of
florido. It is spec~ficolly agreed Iho1 time is of the esserKe in this controcl and fhof no waive~ by ~he Mor~~opee of ar,r ob~~9o~~on ,
he~eunder or of the obligafion setu~ed hereby shall at anr lime the~eofler be held to be o waiver of the terms hereof or of fhe F
obt~gation sccvred hereby.
TENTN: Upo~ any sole, ~ra~s?e. or coo~eyo~ce of rne prope~r here~~ deur~bed and covered by this mortyoqe ~o ony
persa~, firm o. corporation, not previously opproved in writin~ by the holder of this mortgaye, the Mortgagec or holder sholl liove
rhe right ro occelerote N~e maturity of this mo?tgoge os thovyh it were dve ond porable on the dar of such transfer ond to demond
poyment ~R full of N~e said mon9age amovnt o~ any unpoid bolonce Mereof, and to exercise ali the riqhts ood ~emedies Aerein or
by law rese?ved to said Mortgagee the same as in uny event of defovlt he~eunder, onythin~ in Me pnxniswry note secured
hereby or herein to the contrary nothwiMstendin9.
HEVENTH: If forecbsure p~oceedings of ony second mo~tqa~e or second tnnt deed or ony juaio~ lien of any kind slwuld
be i~atituted, Me Mortgagee mar, at ~h
option immediotelr or thereafter declara this mortyaye ond the indebtedness secvred
hereby due and.poyoble.
TWEifTH: That in the evcnt the preaiises hereby mortgaged, or any port thereof, shall be condemned and taken for public ,
use under the powe~ of eminent domoin, the Mortgagce sholl have the ri9ht to demand that all domages owarded for the taking ~
of or ~omages to said premises shall be paid to the Mart~agee, up to the amovnf then unpaed on fhis mo?tycge and the obligation ;
secvred herebr and mar be applied upon Me poyments lasf payoble under this mortqo~e and fhe obli~otion secvred hereby.
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THIRTEENTH: That instollments, poyable under the terms hereof and the note secvred hereby. not poid when due, shall be
subject, ofter Rfteen (15) days from the due date thereof, to, and it is agreed Mort9o9se shall tollett thereon and therewith, a
"late charge" in the amoe~t of fovr per ce~t ~4~) of the irotallme~t due upon each sutfi dslinquenf installment, and wcl~ "late
charges" are secured by the lien hereof.
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FOURTEENTH: Without impoiring Me obligotions of Mort9agor contoined in paragrophs SECOND, THIRD and FOURTH
hereof, a~d fw application to the purposes thereof insofor as the seme sholl be sufFiaent, Mortgagor sholl, in oddition to the
mo~thly payments of principal ond iMerest as stated in fhe original nofe (and in fhe note or notes seivre~tfiereby) provided to be
made, pay a monthly sum and amount equal to one-twelhh (1~ 12) of the estimated _annual taxes, ossessmenh and i~urance
prem~ums upon the real estate security, as the omovnf thereof is determined from time to time by the Mortgagee.
HFTEE~: Tho~ Mort9aQcx shou fum~~n a~,aiiy, of the request of the Mortgaqee, AnarKial statements in form and
~ certified in a monner sotisfactory to the Mo?tgogee. -
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~ SIXTEENTH: This mortgage also secures any and all renewols and extensions of the promissory note referred to herein ond
6 secvred hereby, ond all instollmenh fhereof, and alw anr other notes which have been or mar be given to the Mo?tgogee by the
Mortgagor, ond onr ot~er ~n btedness of the Mortgogor to the Mortga~ee which, however, shall not exteed at any one Fme
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FIFTEEN THOUSAND and No~100---------- ~
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the agg~egate unpaid principol sum of `
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Dollors ~S 15 i 0~~ l.
~t being the specific intention thaf fu?fher advances moy be made by the Mortgagee at ifs opfion fo the Mortgaqor, either prior to
or after the due dotes of the above referred to promissory note hereby secured; end this mo?tgage is given for the specific
p~rpose of secvring ony ond all indebtedness by the Mortgago~ to the Mortgagee in whotever monner the some mar be evi-
dersced or represented, until this mortyaye is satisfied of record; and all covenanh and ag?eeme~ts contained in this mo~tgage
shall be applicable to all fvrM~er ond future advances made by the Mortqa~ee to the Mort9agor and oll other indebtedness of
Mortyagor to the Moitgagee, ond ony and oll renewcls or extensio~s thereof.
SEVENTEENTH: Mortgagors, as a condition.and covenant of this
:~iortgage, agree to maintain all of their checking accounts and all of
their savings accounts, and etherwise do all of their banking with
the Mortgagee during the life of this mortgage.
EIGHTEENTH: Site survey to be furnished as soon as foundation
has been poured.
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