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Home My WebLink About1885 ~ncome, prof~ts, issues ond revenues 'o~e hereby mortga9ed as if speciFicoily set forth ond descr~bed in the ~~antinq ond hobendum c~ouses hereof, ond s~ch receive~ sholl Aave oIl the btOOd and effettive furxtior?s ond pOwe~s in any w+se ent~usted by a cou~t to e rece:ver, ond svch appointme~f sholl be mode by svth court os on odmitted equity and o me~ter of obsolufe right in the Mortgogee, ond withovt ?efererxe to the adequocy or inadequocy of the vaiue of the p?operty mottgag~d, or to the solverxy or insolventy of rhe Mortgagor ond/o? the defendont ond svch rents, profits, i~come, issues and reven~es sholl be opplied by the reteiver octord~ng ro the hen and or equ~ry of rh~s mo~gage ond ~he procr~ce of such courr, and such oppointment of receiver sholl be without not~ce ro any obligor here~nder. NINTH: The Mortgagor hereby waives oll r~ghts of homestead ond exempt~on grcnted by the Constitution ond lows of ~ florida. It is ipecificolly agreed thot time i: of the essence in th~s controct ond thot no waiver by the Mortyagee of any obligation hereunde? or of the obligatia+ secured hereby shall ot any time thereafter be held to be a waiver of the terms hereof or of the obl~got~on secured hereby. TENTH: Upon any sale, ?ransfer or conveyance of the property herein deuribed and tovered by this mortgage to any person, firm or corporation, not p?eviously app~oved in writing by the holder of this morf~age, the Mortqagee or holder shall have tfie right to ouelerate the moturity of fhis mortgage as though it we~e due a~d payoble on the day of suth fronsfer and to demo~d payment in full of the said mo?tyage omount or ony unpaid balonce thereof, and to exercise oll the righh ond remedies herein or by low restrved to soid Mortgogee the same os in any evenf of defou{t hereunder~ onyfhing in fhe promissory note secured hereby or herein fo Ma confrary nothwithstanding. . . ELEVENTH: If forecbsu?e proceedi~gs of any second mortgoge or second trust deed o~ ony junior lie~ of ony kind should be irutituted, the Mortgagee may, at ih option immediotrly or thereofter decla~e this mortgage ond the indebtedness secured hereby due and payoble. TWRFTH: Thot in the event the premises hereby mo~tgoged, or anr part thereof, sholl be co~demned and taken for public ~se under the power of cminent domoin, Me Mortgagee shall hove the right to demand that all damages owarded for the toking of or damages to wid premises shall be poid to the Mortgagee, up to the amount then unpaid on this mortgage and M+e obligation secured hereby ond moy be applied upon the poyments last payacle under this mortgage and the obligotion secured herebr. THIRTEENTH: Thot irutallmenh, porable under the ferms hereof and fhe note setured hereby, not poid whe~ dve, shail be subject, after fifteen l15) doys from the due date thereof, to, and it is agreed Mortgagee shall cdlect thereon and therewith, o "late chorge" in the amount of four per cent (4~) of the irutallment due upon eoth wd~ delinquent installment, and such "late charges" are secured by the lien hereof. FOURTEENTM: Without impairing the obligatioru of Mortgagor co~?tained in parographs SKOND, THIRD ond FOURTM ' hereof, ond for application b the purposes thereof insofar as the same shall be wlficieRt, Mortyagor sholl, in oddition to the ~ ; mo~thly Payments of principel ond interest as stated in the original rwte (ond in the rwte w notes secured hereby) provided to be ~ made, pay o monthlr sum and amount equal to one-twelfth (1!12) of the estimated anrwal taxes, asseumrnh and inwronce ~ premiums upon the real estote seturity, as the amount thereof is determined from time to time by the Mortgagee. [ 7 4 : FIFfEENTH: Thot the Mortgagor shall furnish annuatly, at the request of the Mortgagee, flnarr_ial statements in form and certified in a manner satisfodory to the Mortgagee. ~ s ~ ~ SIXTEENTH: This mortyage also sea~res any and oll renewals ond extensions of the promissory note referred to herein and ~ secured hcrebr, ond all irutallments thereof, and also anr other notes which have been or may be given to the Mortgagee by fhe ~ Mortgogor, vnd a~y other indebtedness of the Mortgago~ to the Mortgagee which, however, shall not exceed at any one time ~ ~ ±he aggregote unpoid principol sum of . - - - - - - - - - - - - - - - - - - - : ~ ------SIXTY SEVEN THOUSAND AND NO/100------------- pd~an ~s_67t_000._00 ~ - it being the specific intention that further advances mor be made by the Mortgagee ot ih opfion to the Mortqagor, either prior to or ofter the due dates of the above referred to promissory rate herebr setured; ond this mortgage is yiven for the specifit ~ purpose of securing any and all indebtedness by the Mortgagor to the Mortgagee in whatever manne~ the same may be evi- denced or reprtsented, until this mortgage is satisfied of record; and ell tovenanh and a9reemenfs contai,.ed i~ this mwfgoge shall be applicable to al! further and future odvances mode by the Mortgagee to the Mortgogor and all other indeb?edness of Mortgogor to the Mortgagee, and any and all renewals or exteruions thereof. 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