HomeMy WebLinkAbout2280 incwn~. proRh. nw.~ v~ :.•i:~s: ars hera~Y ~++~?!QoQe~ ci s~:A•rY~,s*t fo.M~ ond d~.cr~b•d in M?~ qrontinp ond Aob~ndw~
clou~s Mr~of. ond wch ~~c~iv~? sholl hov~ oN Me brood o~+d •ff~tfiv iw+ctions o~+d pow~n in ony wis~ ~ntnrsf~d by o touH to 0
r~c~iv~~, ond wd~ appoi~lnNnt ~holl b• nwd• by tucl~ court os on odmitt~d ~quit~? oe~d a moltt~ oF obsol~l~ ri9ht in IM Mortpa~~~.
ond without r~f~r~nc~ to tM od~Quotr w inodequoq? of M~ volw of H» prop~rty nwnpoptd, o~ w M+. a1~•ncy o? ~~w1~.nc~r of
th~ Mo~tpayo? ond/o~ tM d~f~ndont ond sud+ ~~nts, proRt~, iecan~, itsws ond r~v~nu~s sholl b~ opplied br th~ r~c~iv~~ oooo~dinp
to IM litn and/o~ ~quitr of Mis nwttpop• ond tM prottic~ of wch tourt, a~.i ~s appo~~tm~nt of r~c~iver sholl b~ wiMwuf notit~
ro ony obli9o~ h~rew?d~r. -
NINTH: The Mo~t9apor herebr waivei all ri~hfs of homest~od ond extmption pranted br the Co+~stitution ond laws of
Florido. M is speciRcelly a~reed that time is of 1he essence +n thi: aontroct cnd Mat no waiv~r by M+e MoMQoQee of anr obu9at~a+
hereunder or of Me obli~otion secured herebr sholl ot anr time th~r~after be held to be o woiver of the te~rns hereof or of Ihe
obliqotion secured herebr.
TENTH: Upon any sole, tronsfe~ or conveyance of the propem? herein desuibed and oove~ed by this nwrtya9e to anY
perso~, flrm or corporafion, nof previouslr approved in writin~ by fhe holder of this nart~ape, ts~e Mo~tqa9ee o? holde~ sholl have
the ri~ht ro aaelerote ~he maturity of M?is nartqoqe os thou~h it were due ond payoble on the doy of wch trarufer and ro demond
poyment in futl of the said nwrt~a~e omount or any unpaid balance thereof, and to exercise all the ri9hh and remedies hereio or
by iaw r~eryed ro so~d Mor~9a~ee ~he sa„ne a: ~n a~y e~e~~ of defa~ir hereunder, anythinq in the promissory note secured
hereby or herein ro the contrary rathwithstandin~.
EiEVENTH: If foreclowre proceedinys of any70pp1~ mort~a~e orJO~OmbQn?st deed or any~t lien of ony kind sFw~dd
be instituted, Me Morf~c~ee mar, at its option immediatelp or thereoher dedare this mortgcye ond the indebtedness secvred
hereby due and poyable.
TWRFTH: Thot in the event fhe prenuses hereby mortQa~ed, or anr part the~eof, shall be oondenx~ed ond taken for public
use under the power of eminent domain, the Mortgagee shall have the right M demand that all dama~es awarded for the tokiny
of or damages to said premises shall be paid to the Mort~aqee, up ro N~e omoun~ fha+~ u~oid on fhis mo~~age ai~d H~e obl~9a~an
secured hereby ond may be applied upon the parmenh last poyable under fhis narfgaqe and 1he obli~ation secured hereby.
THIRTEENTH: That installmenb, porable w~der the tern~s herenf and the note ~cured he~eby, not paid when due, shall be
su6ject, aher fifteen (15) ~o~rs fr~wn the due date thereof, to, cnd it is a~reed Mortyo~ee shall oollect thereon ond therewith, a
"Iete charge" in the amouM of four per ceM (4%) of the insta{Imeef due upon eoth wd~ delinquent installmenf, end wch "late
charges" are secured br the lien hereof.
fOURTEB~TH: Without impoirin~ the obli~ations of Mort~a~ aoMai~d in parc~raphs SECOND, THIRD ond FOURTH
hereof, ond for application to the purposes theraof insofar as the some sholl be wff'iaeet, Mortya~ shall, in addition to the
monthl~r pormeMs of principal and iNerest as stated in the ori~inal r~s (ond 'en ths note or notes seared herebrl Provided to be
made. Pay a monthly wm and anaunt equal to one-twelfih (1/12) of the esfinwted amual taxes, assessmeMs and inwrance
premiums upon the real estafe ssaurity, as the anaunt thereof is deternwned from time to time br the Mort~c~ee.
' RFTEBdTH: That the Mortqa~ shall fumish onrwally, at fhe ~equest of the Mort~ayee, flna~ial statements in form and
~ certified in o memer satisfactory to the Mort~apee.
~
~ SIXTEBdTH: This mo~t~oqe also seares cnr and all renewah onai extensions of the pranissory note ~eferred to herein and
~ secured herebr, and otl installmenh thereof, ond also any other notes which hove been or may be given to the Mortqapee by the
Mort~a~or, and any other indebtedness of 1he Mortgagor to the Matpa~ee which, howeve~, sFwll not ezceed ot any one time
~
the aggre~ate unpaid principal wm of
--------1NIRZY TI-~OtTS~AID AAID NO/100----------------------------- polars lS 30~000.00 1,
it bein~ the specific intention that further advances n+ar be mode br the Mort~a9ee ot its option ro the Mort~Qyor, either prior to
or aher the due dates of the aEove referred to promissorr n~te hereby searedj and Mis mortgo~e is given for 1he speciRc
purpose of sacvring any aod oll indeb~edness by fhe Mort~apor ro ~he Mo~yaQee in whotever nwnner the same moy be evi-
denced or represented, until this mortqage a satisAed of reaord; ond all oovenonts ond a~reements oontained in fhis mortgage
shall be applicable to oll further and fvhire edvances made br Ihe Mort~ogee fo the Mo?tyo~or and a!I other indebtedness of
Mortqa~or to the Mortqa~ee, and a~r and all renewals or extensions thereof.
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