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Home My WebLink About2887 ~ncome, profits, issues and revenues o~e hereby mortgaged as ~f spec~Picaliy set forth and described ~n rhe grent~ng ond habendum ;fouses hereof, and suth receiver sholl hove all the broad and effect~ve f~nct~ons ond powers in any wise entrusted by o court to 0 ?eceiver, ond svch oppo~n?ment shall be mode by such court as an odm~tted equ~ly and a motter of obsolvte right in the Mo~tgagee, and wifhouf re~: Ke to the adeq~acy or ~nadequocy of ~he volue of the property mortgaged, or to ihe solvency or insolvency of the Mortgago? and/or the defendant ond such rents, profits, income, issues ond re~enues sholl be applied by the receiver actording to the lien ond~or equ~ty of this mortgage ond the pracnce of such co~?t, and svch appo~ntment of receive? sholl be without not~ce to any obligo? hereunder. NINTH: The Mortgogor hereby waives all righfs of homestead ond exemption granted by the Constitution ond lows of Florida. It is specificolly agreed thot ?ime is of the esserxe in this controct ond thot no waiver by the Mortgogee of any obtigat~on hereunder o? of the obligation secured he?eby sholi at any Iime thereofter be field to be a waiver of the terms hereof or of the obl~gation sec~red hereby. TENTH: Upon ony sale, tronsfer or conveyance of the property herein described and covered by this mortgoge to ony person, firm or torporafion, not previously approved in wrifing by the holder of fhis mortgoge, fhe Mortgagee or holder sholl hove the right to acceterote fhe moturify of fhis morfgage os fhough it were due and payabie o~ the doy of svch fronsfer ond to demand payment in full of fhe said mortgage amounf or ony unpaid bolarxe thereof, and fo exercise all the rights and remedies herein or by law rese?ved fo said Morigagee the same as in any event of defau(t hereunder, anything in fhe promissory rafe secured hereby or herein to the confrory nofhwithsfanding. ELEVENTH: If foreclosure proceedings of any secorsd mortgage or second trust deed or any junior lien of any kind shoutd be instifuted, the Mortgagee may, af its oplio~ immediately or fhereofter declare fhis mortgage ond the indebtedness secured hereby due and payable. TWEIFTH: That in the event the premises hereby mortgoged, or ony port thereof, shall be condemned and taken for pub~ic use under the power of eminent domain, the Mortgagee shall hove the right to demand that al) damages aworded for the toking of or damages to said premises sholl be paid to the Mortgagee, up to the amount then unpoid on this mortgoge a~d the obligation secured hereby and moy be applied upon the payments lost parable under this mortgage and the obligation secured heeeby. THIRTEENTH: Thaf installments, payable under the terms hereof and the note secured hereby, not paid when due, sholl be subject, after fifteen (15) days from the due date thereof, to, and it is agreed Mortgagee shall collect thereon and therewith, a "late charge" in the amount of four per cent (4°~) of the installment due upon each such delinquent installment, and such "late charges" ore secured by the lien hereof. FOURTEENTH: Without impairing the obligotions of Mortgogor tontoined in porographs" SECOND, THIRO and FOURTH hereof, and for opplitation to the purposes ihereof inwfor as the same shall be suffitient, Mo~tgagor sholl, in addition to the monthly poyments of principal and interest os stoted in the original note (and in the note or notes secured hereby) pr~vided to be made, pay a monthly sum and amount equal to one-twelfth (1; 12) of the estimated annuo) taxes, assessments and insurance premiums upon the real esfate security, os fhe amounf fhereof is determined from time fo time by the Morfgagee. ~ FIFTEENTH: That the Mortgagor shall furnish ann~olly, at the requesf of the Mortgagee, finantial statements in form and ~ certified in o manner satisfactory to Ihe Mortgagee. ~ ~ SIXTEENTH: This mortgage olso secures any and all renewols and extensions of the promissory note referred to herein and secured hereby, and oll installmenis ihereof, and also any other r?otes which have been or may be given to the Mortgogee by the ~ Mortgogor, and any other indebtedness of the Mo~tgagor to the Mortgagee which, however, shall not exceed at any one time ~ the aggregafe unpoid principal sum of --FQRTY-E~~ ~Fi4U~A1~Ips SEVEN HUNDRED AND NO/100-- Dollo.s(~ 48,700.00 : ~t being the specific intention thot further advances may be made by the Mo~tgagee at its opfion to the Mortgagor, either prior to or affer 1he due dofes of the abo've referred to promissory rwte hereby secu?ed; and this mortgage is 9iven for the specific purpose of securing any ond all indebfedness by the Mortgagor to the Mortgagee in whotever manner the same mor be evi- denced or represented, unti) this mortgage is satisfied of record; ond all covenants ond ogreements tontained in this mortgage shali be oppticable to all further and future advances made br the Mortgagee to the Mortgagor and all other ~ndebtedness of ~ Mortgagor fo ihe Morfgagee, ond any and all renewals or exfensions thereof. ~ ~ ~ ~ ~ ~ ~ ' - ~ ~ - 3 - BGOK ~0~ ?,1Gi ~O~ - - zs: ~ ~'e~ ~ ~,s,.~ _ , .r.~~