HomeMy WebLinkAbout0709 income, profits, issues a~d revenues ore hereby mortgoged as if specificolly set forth and described in the g~anting and habendum
clauses hereof, and such receiver shall hove oll the broad and effective funi~ions and powers in ony wise enlrusted by o court to c
receiver, a~d such oppointment shall be made by such tourt as on odmilted equity and a motter of obsolute right in the Mo~fgagee,
ond without ?eference to the odequacy or inadequacy of the value of the property mortgeged, or to the sofvency or insolverxy of
the Morfgagot and/or the defendant ond such rents, profifs, i~come, issues and revenues shall be applied by fhe reteiver attording
to the lien ond~or equity of this mortgage and fhe practice of suth to~rf, and suth oppointment of receiver shall be wifhouf notite
fo any obligor he?eunder.
NINTH: The Mortgagor hereby waives all rights of homestead ond exemption gronted by the Cons~itutio~ and laws of
Florida. It is specificolly ogreed that time is of the esserxe in this controct and that no waive? by the Mortgagee of any obligotion
hereunder or of the obligation sec~red hereby shall at anr time thereofter be held to be a woiver of the ~erms hereof or of the
obligotion secured hereby.
TENTM: Upon any sole, tronsfer or conveyonce of the propeny herein described ond covered by this mortgage to any
person, tirm or corporotion, not previouslr approved in writing by the holder of this morlgage, the Morfgagee or holder sholl havc
the right to accelerote the moturity of this mortgage as though it were due ond payable on the day of such tronsfer ond to demond
payment in full of the said mortgage amount or ony unpaid balarxe fhereof, and to exercise all the rights ond remedies herein or
by law reserved to soid Mo?tgagee the same os in any event of default hereunder, enything in the promiswry note secured
hereby or herein to the cont~ary nothwith:tonding.
EIEVENTH: If foreclosure proceedings of any second mortgoge or second trust deed or ony junior lien of any kind should
be instituted, ~he Mo?tgagee may, at its option immediately o~ thereofter declare this mortgage and fhe indebtedness secured
hereby due and payable.
TWQFTH: Thot in the event the premises hereby mortgaged, or any part thereof, shall Be condemned and taken for public
use under the power of eminent domain, the Mortgagee shall hove the right to demond thot all damages aworded for the toking
of or domages to said premises shall be paid to the Mortgagee, up fo the amount the~ unpaid on this mortgaye and the obligotion
secured hereby and may be opplied upon fhe poyments last payable under this mortgage and the obligation secvred hereby:
THIRTEENTH: That installments, payoble under the terms hereof and the note secured hereby, not paid when due, shull be
subject, after fifteen (15) doys from the due date thereof, to, and it is agreed Mortgagee shall collect thereon and therewith, a
"late charge" in the omount of fou~ per cent (4~) of the installment due upon eoth such delinquent installme~t, ond such "lote
charges" are secured by the lie~ hereof.
FOURTEENTH: Without impairing the obligatio~s of Mortgagor contained in paragraphs SKOND, THIRD and FOURTH
hereof, and for opplication to the purposes thereof insofar as the same shall be sufficient, Mortgogor shall, in addition to the
monthly payments of principol and interest as stated in the original note (and in the note or nofes secured hereby) provided to be
made, poy o mo~thly sum and amount equal to one-twelhh (i/12) of fhe estimated annual faxes. as:euments and inwrance
premiums upon the real estote secu~ity, as the amount thereof is determined from time to time by the Mortgagee.
~ FIFTEENTH: That the Mo?tgagor shall fumish annuaii~r, ~i tt:e requesf of the Morfgagee, Rnondol sfatemenfs in form and
~ certified in a monner satisfactory to the Mortgagee. -
SIXTEENTH: This mortgage also secures any and all renewals and extemions of the promiswry note referred to herein and
secured hereby, a~d all installments thereof, and also any other notes which have been or may be given to the Mortgagee br the
Mongagor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed at any one time
the aggregote unpaid prirxipol sum of_----------
FIFTY THOUSAND--------------------------------------- - •
- - Dollan (S`~~ U' UU 1
it being the specific intention that further advonces may be made by fhe Mortgagae at its option to the Mortgagor, either prior to
or after the due dates of the above referred to promissory note hereby secured; and this mo?tgage is given for the specific
purpose of securing any ond all indebtedness by the Mortgagor to the MoNgagee in whatever monner the same nay b~ evi-
derxed or represented, until this morfgage is satisfied of record; ond al) covenants and agreements contoined in this mortgage
shall be applicable to ell further ond future vdvances made by the Mortgagee to the Mortgagor ond oll other indebtedness of
Mortgagor to the Mortgagee, and any ond all renewals or exfensions ihereof.
- 3 BOOK 2O 1 PACE ~Lh7
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