The URL can be used to link to this page

Home My WebLink About2737 irxome, profits, issues ond revenues are he~eby mortgoged os if specificolly set forth ond desuibed in the granting ond hobendum clouses hereof, ond such receiver sholl Aove all the brood ond effective fvnctions and powers in any wise entrusfed by a court to a receiver, ond suth oppoiniment shall be mode by such tourt as an admitted equity ond a motter of obsoiute right in the Mo~tgagee, and without reference to the adequaty or inodequacy of the value of the property morfgaged, o~ to the solvency or insolvency of the Mo~tgogor and/or the defendant and such ~ents, profits, i~come, issues and reven~es sholl be applied by the rece~ver occording to the lien and!or equity of fhis mortgage and the practice of such courf, and such appointment of ~eceiver shol) be wifhOUt notite to any obligor hereunder. NINTH: The Mortgo9or hereby woives all rights of homestead and exemptio~ gro~ted by the Constitut~on and taws of florida. It is specifically agreed thot time is of the essence in this co~troct and that no woiver by the Mortgagee of ony obligation hereunde~ or of the obligotion setured hereby shall ot any time thereafter be held to be o woiver of the terms hereof or of the obiigation secured hereby. TENTH: Upon any sole, transfer or tonveyarxe of fhe property herein described and tovered by this mortgage to any person, firm or corporofion, nof previously opproved in wrifing by fhe holder of this morfgage, fhe Mortgagee or holder shall have _ tht right to accelerote the maturitr of lhis mortgage as though it were due and puyable on the doy of such transfer ond to demond payment in full of the soid mortgoge amount or ony unpaid balante thereof, and to exercise all the rights ond remedies herein or by law reserved to said Mortgagee the same os in onr event of default hereunder, onyfhing in the promissory note securea hereby or herein to the controry nothwithstanding. • gEVENTH: If forecbsure proceedings of any second mortgage or second trust deed or any junior lien of any kind should be institutcd, the Mortgagee may, ot its option immediotely or thereafter declore this mortgage and the indebtedness secured hereby due and parabte. TWBFTH: Thot in Me event the premises hereby mo~gaged, or ony part thereof, sholl be condemned and taken for public use under the power of eminent domain, the Mortgagee shall have the right to demond thot all damnges awarded for the taking of or damoges to said premises shall be paid to the Mortgagee, up to the amount then unpoid on this morfgoge and the obligation secured hereby and moy be applied upon the poyme~ts last payob(e under this mortgage and the obligation secured hereby. THIRTEENTH: That installments, payable under the te~ms hereof and the rate secured hereby, not paid when due, shall be subject, after fifteen (15) days from the due date thcreof, to, and it is agreed Mortgogee shalt cotiect thereon and therewith, a "late chorge" in the amount of four per ce~t (4°~) of the installment due upon each such delinqvenf irutallment, ond seKh "late charges" are setured br the lien he~eof. ~ FOURTEENTH: Without impairin~ the obligotions of Mortgagor contained in parag~aphs SECOND, THIRb ond FOURTH hereof, and for opplication to the purposes thereof insofar os the same shall be sufFicient, Mortgagor shall, in addition to the monthly poyments of principat and inte~est as stated in the origenot note (ond in the note or notes setured hereby) provided to be made, pay a monthly sum ond amount equel to one-twelfih (1 /12) of the esfimated annual taxes, assessments and insurance premiums upon ihe ~evl estote security, as the amou~t thereof is determined from time to time by the Mortgagee. FIFTEENTH: That the Mortgagor shall furnish annua!!y, ot the request of the Mortgogee, finan:iol statements in form and certified in a manner sotisfattory to the Mortgogee. . SIXTEENTH: This mortgage aiso secures ony and all renewals and extensions of the promissory note referred to herein and secvred hereby, ond all installments thereof, and also any other notes wfiid~ have been or may be given to the Mortgagee by the Mortgagor, and ony other indebtedness of the Mortgagor to the Mortgagee which, however, sholl not exceed ot any one time ' ; t e aggregate unpai principol sum of_------------------- ' ----------ONE HUNDRED THOUSAND AND NO/100--------- 100 000. 00 i - - Dollurs _ ~ j - - - - - - _ - ~ j it being the specific intention that further advances may be made by the Mortgagee at its opiion to the Mortgagor, either prior to ~ or ofter the due dates of the above referred to promissory note hereby secured; and fhis mortgoge is givtn fo~ fhe spetific k purpose of securing any and all indebted~ess by the Mortgogor to the Mo?tgogee ert whofever monner the same may be evi- ~ denced or represented, until this mortgage is satisfied of record; and oll covenants and agreements contained in this mortgoge C shall be appl'etable to a!I furthe~ and future advorxes made by the Mortgagee t0 ?Fle MOft9Q9pf Of1d all other indebtedness of ~ Mortgogor to the Mortgagee, and ony and all renewals or extensions thereof. ~ I STATE ~F FLORtDA ~ DOCUMENTARY , SjaMP Tr_'.~ ~ = i c°-~ ° DEPT. Oi REYEHUE a~~ M- _ ~~y-~T~ ~ - I 5 Q 0 0 I ~~„2~~- ~~n, ° o _ ea t[RlOM~ ~ _„~~2 ~ onE aN a~s'~ ~crt a ~~n. ~ ; ~ ~~~,x.~~~~ ~ ~ ~ ; i ~ 0`R~~Ory PAGE2735 -3- ~ f ~=f : _ ~ : ~ s"`~~.~,,,~x~,'"i~. i `~r~- ~e, ~ ~ .,;r, ~~~,~"a, , ~