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Home My WebLink About1409 ~ncome, profits, issues ond revenues are hereby mo?tgoged as ~t specifically set forfh ond descr~bed in the grpnting ond hobendum cla~ses he~eof, and s~ch receiver :holl hove all the broad ond effect~ve funcrions ond powers in any wise entrusted by o court to a receiver, and such appoi~tment sholl be mocle by such court as a~ admitted eq~~ty ond a matter of obsolute right ~n the Mortgogee, and withouf reference to the adeqvacy or ~nodequoty of the ~olue of Ihe property mor~yoged, or to the solvency or insolvency of the Mortgagor ond/or the defendont and svth ?ents, profls, ~ncome, ~ssues and revenues sholl be appl~ed by the rece~ver actording to the lien ond~or equity of this mortgage ond the p?act~ce of such court, ond such oppo~ntment of receive? sholl be without not~ce to ony obligor hereu~der. . ; NINTH: The Mortgagor hereby woives all rights of homesrcod and exemption graMed by the Constitul~on and laws of Florida. (t is specificolly ogreed thof time is of the essence in this contracf and thot no waiver by the Mortg~gee of any obligotion hereunder or of the obligation secvred hereby shall at ony time thereafter be held to be a woiver of the terms hereof or of the obligotion secured hereby. TENTH: Upon any sale, tronsfe? or conveyance of the property herein described and covered by this mortgage to any person, firm or corporotion, not previously approved in writing by the holder of this mortgage, Me Mortgogee or holder sholl hove i the righr to octele~ate the maturity of Mis mortgoge as though if were due ond poyable on the day of such transfe~ and to demond paymenf in full of the said mortgage omount or any unpaid bolonte fhereof, and fo exertise oll fhe rights and remedies herein or by low reserved to said Mortgagee fhe same as in ony event of defautt hereunder, anything in ihe promissory note secured hereby or herein to fhe contrary nothwithstonding. KEVENTH: If foretlosure proceedings of any setor?d mortgage or setond trusf deed or any junior lien of any kind should be instituted, the Mortgagee moy, at its option immediotely or fhereafter dedore this mortgage and the indebtedness secured hereby due and payable. TWQFTH: That in the event the premises hercby mortgaged, or any port thereof, shall be condemned and token for public use u~der the power of eminent domain, the Mortgagee shall have the right to demand thof oll damages awarded for the taking of or damages to said premises shall be paid to the Mo~tgagee, up to the omount then unpaid on this mortgage and the obligation secured hereby and may be applied upon the poyments lost poyable under this mortgage and the obligatio~ secured hereby. THIRTEENTH: Thot irutollmenfs, payable under the terms hereof and the nafe secured hereby, not paid when due, shall be subject, after fifteen (15) doys From the due dote thereof, to, and it is agreed Mortgagee sholl collect thereon and therewith, o "late tho~ge" in the omount of four per tent (4~) of the installment due upon each such delinquent instollment, and such "late charges" ure secured by the lien hereof. ) FOURTEENTH: Without impairing the obligations of Mortgagor contained in paragraphs SECOND, THIRD ond FOURTH hereof, ond for opplication to fhe purposes thereof insofar ox fhe same sholl be sufiitienf, Mortgagor shall, in addition to the monthly paymenis of principal and inferest os stated in the originat note (and in the note or nofes secured he~eby) provided to be 'j made, pay a monthly sum and omount equal to one-twelfth (l:`12) of the estimated anrwal taxes, auessments and insuronce ~ premiums upon the real estate security, as the amount thereof is determined from time to time by the Mortgagee. _ ~ I FIFTEENTH: That the Mortgagw shall fumish annvally, at the request of fhe Mo?fgagee, firton,iol stateme~ts in form and ~ certified in a man~er satisfadory to the Mortgogee. ~ 9 i i SIXTEENTH: This mortgoge also secures any and all renewals and extensioos of fhe promissory note referred to herein and ~ secured hereby, and all installments thereof, and also any other notes which hove been or moy be given to the Mortgagee by the ~ Mo~tgagor, and ony other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed at any one time ~ the aggregate unpaid principo) sum of ~ -----THREE TI-IOUSAND SEVEN HUNDRED FIFTY AND no/10~~an 3, ?50. 00 _ - - . _ - _ _ _ : ~ it being the specific intention fhat furfher advences mar be made by the Mortgagee af its option fo the Mortgagor, either prior to ~ ~ or ofter ?he due dofes of the above referred to promissory note hereby secured; and this mortgage is given for the specific ~ purpose of securing ony ond oll indebtedness br fhe Mortgagor to the Mo?tgagee in whatever monner ihe same may be evi- ~ denced or represented, until fhis mortgage is satisfied of record; and oll covenants and agreeme~ts contained in this mortgoge shalf be opplicable to all further and future advance: mode by the Mortgagee to the Mortgagor and all other indebtedness of ~ Mortgagor to the Mortgagee, and anr and all renewals or extensions thereof. "~Y ~ ~ SEVENTEENTH: Mortgagor, as a condition and covenant of this Mortgage ~ agrees to maintain all of her checking accounts and all her savings accounts, and ~ otherwise do all of her/banking with the Mortgagee during the life of this mortgage. Florida ~ _ ~ ~t 5 ,^'i :ii ~t~ ~i~ .,5 -3- ~ - - - - _ I u ~ - ~ _ s .x.~n _ - _ _ ~ ~