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Home My WebLink About5671 ~~come, profits, issues ond reven~es ore hereby mortgaged as if speciflcolly set forth ond described ~n the granring ond hobendum clauses hereof, ond such receiver sholl have oll the broad and eifective functions and pov.ers i~ ony wise entrusted by o coun to 0 receiver, ond s~ch oppointment shpll be made by such court os an odmitted equify and a motter of obsolute right in fhe MOrtgagee, ond without reference to the adequacy or inodequocy of rhe volue of the property mor~goged, or to the solvency or insolverxy of the Mortgagor and/or ~he deiendont ond such rents, profits, income, issues ond revenues sholl be applied by the receive? accurding to the lien nnd~or equity of thi: mortgage ond fhe procrice of such court, ond such oppointment of receiver sholl be without notice to any oblige+ hereunder. NINTM: The Mo~tgagor hereby waives all rights of homestead and exemption granted by the Constitution and laws of Florido. It is specificolly agreed thot time is of the essence in this confroct and thot no woive~ by the Mortgagee of any obligation hereunder or of the obligotion secured hereby sholl ot ony time thereofter be held to be a woiver of the terms hereof or of the obligation secured hereby. TENTH: Upon any sole, ?ransfer or conveyante of fhe propeHy herein dexribed and tovered by this mortgage to a~y person, firm or corporation, not previously approved in wrifing by the holder of this mor~goge, fhe Morfgagee or holder shall have the right to accelerote the moturity of this mortgoge as though it were due and payobte on the day of such transfer ond to demond poyment in full of the said mortgage emount or any unpoid balarxe thereof, ond to exercise all the rights and remedies herein or by low reserved to said MoNgagee the same os in any event of defauit hereunder, onything the pramissory note secured hereby or herein to fhe conf~ary nofhwiMsfonding. REVENTH: If foreclosure proteedings of eny second mortgoge or second trust deed or any junior lien of any kind should be instituted, the Mortgagee may, ot its option immediotely or ihereafter declare this mortgage and the indebtedness secured hereby due and payable. TWRFThi: That i~ the event the premises hereby inortgoged, or any part thereof, shall be condemned and taken for public use under the power of eminent domain, the Mortgagee shall have the right ~o demand that oll damoges awarded for the taking of or damages to said premises shall be poid to the Mortgagee, up to the amount then unpoid on this mortgage and the obligotion secured hereby and moy be applied upon the poyments last poyable under this mortgage and the obligation secured hereby. THIRTEENTH: Thot installments, poyable under the terms hereof and the note secured hereby, not paid when due, sholl be subject, ofter fifteen (15) days from fhe due date thereof, to, and it is agreed Mortgagee shall tollect thereon and therewith, a "late charge" in the amount of four per cent (4~) of the installment due upon each such delinquent installment, ond such "late charges" are secured by the lien hereof. FOURTEENTH: Without impoiring the obligatiau of Mortgagor tontained in paragrophs SECOND, THIRD and fOURTH hereof, and for applitateon to the purposes fhereof insofar as ihe same shall be sufficient, Mortgagor shall, in addition fo the monthly poyments of principol and interest as stated in the original note (and in the note or notes secured hereby) provided to be made, pay a monthly sum and amount equal to one-twelfth (1!12) of the estimated annual taxes, assessmenis ond insurance ~ premiums upon the real estate security, as the amount fhereof is determined from time to time by the Mo?tgagee. ~ ~ FIFTEENTN: Thaf the Mortgagor shall furnish annually, at fhe request of ihe Mortgogee, finan:ial stafemenfs in form and certified in a manner sotisfactory to the Mortgagee. ~ a ` SIXTEENTH: This mortgage alzo secures any and all renewals and extensions of the promissory note referred to herein and ~ secured hereby, and all insfallmenis ihereof, and also any other rates whith have been or may be given fo the Mortgagee by the ~ Mortgagor, and any other indebtedness of ihe Mortgogor to the Mortgogee whith, however, shall nof exceed at any one time ~ ~ - ~ the aggregate unpaid principal sum of _ # - _ - - - - - ----4NE_HIJ~REp~'I~'S.Y_ T~i~LI~~ND ~D ~I4/199-_------- pol~an iS150, 000. QQ_ 1. ~ ~ it being the specific intentio~ that further advances may be made by the Mortgagee at its option to the Mortgagor, either prior to ~ or ofter the due dates of the above referred to promissory note hereby secured; and this mortgage is given for the specific ~ purpose of securing any and all indebtedness by ihe Mortgogo~ to the Mortgagee in whatever manner the same may be evi- n denced or represented, unfil this mortgage is satisfied of record; and all cove~ants and agreements contained in this mortgage F; shall be applicoble to all further and future advonces mede by the Mortgagee ro the Mortgagor and all other indebtedness of ~ Mortgagor fo the Mortgagee, and ony and all renewals or exfensions thereof. ~ ~ ~ . ~ STATE oF ~LORIDA ~ 03 M DOCUMENTARY , STAMP TAX ~ Za OEPT. Uf REYENUE ~ " KZ - ee. - dA.M-2•~3 ~L Z ~J. ~ ~ ` o !!1' ' :~s = 3~ ~ 349 ~a~~ 1~?.8 x` -3- ~ ~OOK 209 PAGE . ~ ` _ ~ ~w'~ ti ~ ~r ` _ _ _ . ~ _ _ ,