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Home My WebLink About1562 ,ncome, profti, ~ssues ond re~enues ore hereby mortgaged as if spetiPically set forlh o~d described in ?he granting and hobendum cla~ses hereof, and such rece~ve~ shal~ hove all the broad and effect~ve funct~ons ond powers ~n ony w~se entrusted by o court to 0 reteiver, a~d such oppc+~tmenf shall be made br suth tourt os an odmitted equity and a mafter of obsolufe righf in fhe MOrtgagee, • ond without reference to the adequacy or inadeq~acy of the value of the p?operty mortgaged, or to the solvency or insolverxy of the Mortgagor ond/o? the defendant and svch rents, profits, income, issues and revenues sholl be opplied by the receiver acto?ding ; !o the lien and or equity of this mortgoge ond the pradice of such court, and such oppo~nfinent of receiver sholl be without not+ce ~ to any obligor hereunder. NINTH: The Mortgogor hereby woives all tights of homesteod ond exemption gronted by the Constitution ond lows of Flo?ido. It is specificolly ogreed fhat time is of the esserxe in this contrott end fhat no waiver by fhe Mortgagee of ony obligot~on hereunder or of the obtigation sec~red hereby sholl at ony time thereafler be held to be a waiver of the ?erms hereof or of the obligotion secured hereby. TENTH: Upon any sole, tr~nsfer or co~veyance of fhe property herein described ond tovered by this mortgoge fo ony person, firm or corporation, not previously approved in writing by the holder of this morfgoge, the Mortgagee or holder shall have rhe right fo accelerate the mafurify of fhis mortgage as though if were due and poyable on the day of suth transfer and to demond poyment in full of the said mortgage amount or any unpaid balonce thereof, ond to exertise all the rights ond remedies herein or by law reserved to said Mortgagee the same as in any event of defoult hereunder, anything in fhe promissory note secured hereby or herein fo the tontrary nothwithstanding. REVENTH: If forecbsure proteedings of any setond mortgage or setond trust deed o~ any junio~ lien of onr kind should ~e instituted, the Mortgagee may, at its option immediately ar thereafter declare this mortgage and the i~debtedness secured hereby due and payoble. ~ TWEIFTH: Thot in the evcnt the premises hereby mortgaged, or anr port thereof, shall be condemned and taken for public use under the power of eminent domain, the Mortgagee sholl have the right to demand that all damages awarded for the faking of or damoges to said premises sholl be paid to the Mortgagee, up to the amounf then unpoid on this mortgage ond the obligotion secured herebr and may be applied upon the payments last payable under this mortgoge and the obligation secured herebr. THIRTEENTH: That installments, poyable under the terms hereof and the note secured he?eby, not paid when due, shall be subject, ofter fifteen ~15) days from the due date thereof, to, and it is agreed Mortgogee sholl collect thereon and thercwith, a "lote charge" in the amount of four per cent (4~) of the installme~t due upon each such delinquent enstallment, and such "lote _J ~1.~ 1.~~ 1.~~~..~ u~utyea uPc i2~viov v~ u~c uw~ ~~c.cv.. FOURTEENTH: Without impairing the obligations of Mortgogor tontai~ed in parographs SECOND, THIRD ond FOURTH ~ hereof, ond for applicotion to the purposes thereof insofar as the same shall be suf~icient, Mortgagor shall, in oddition to the ; monthly poyments of principal ond interest as stated in the original note (and in the note or notes secured hereby) provided to be ~ made, pay a monthly sum and amount equal to one-twelfth (1!12) of the estimated aruwol taxes, assessments ond iruurance E premiums upon the real estote security, as the omount thereof is defermined from time to time by the Mortgagee. ~ , FIFTEENTH: That the Mortgogor shall furnish onnuolly, at the request of fhe Mortgogee, finanaol statements in form and ~ certified in o manner satisfactory to the Mortgagee. F ~ SIXTEENTH: This mortgage also secures any and all re~ewals and extensivrn of the promissory note referred fo herein ond ~ secured hereby, and all installments thereof, and also any other notes whith hove been or moy be given to the Mortgagee by fhe ~ Mortgagor, and any other indebtedness of ihe Mortgagor to the Mortgagee which, however, sholl not exceed at any one time ~ ~ ~ - - - - - ~ the aggregafe unpaid principal sum of ^ ~ ~ THIRTEEN_THOUSAND SIX HUNDRED AND NO_/100 po~~an (S 13, 600, 00 ' ~t being the spetifit infenfion fhaf furfher advances may be made by ihe Morigagee af ifs option fo the Morfgagor, either prior to ~ ~ or ofter the due dates of the above refe~red to promissory note hereby secured; and this mortgage is given for the specific ~ purpose of securing anr and all indebtedness by the Mortgagor to the Mongagee in whatever manner the same may be evi- denced or represented, until this mortgage is satisfied of record; a~d all tovenants and agreements contained in tfiis mortgage ~ sholl be applicable to all further and future advences made by the Mortgagee to the Mortgagor and all other indebtedness o~ Mortgagor to the Mortgagee, and any and ali renewals or extensions 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 accourrts = and otherwise do all of th~ir Florida banlflng with the mortgagee during the life of this mortgage. ~ yF{ r7ti A;f KZ :,";'2 - 3 ° ~ 198 1 6COK FACE 5~ ~ _ -