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Home My WebLink About0512 ~rxome, profi~s, issues end revenues are hereby morigoged os if specifically se~ forrh ond described in the granting ond hobendum ~ clauses hereof, a~d such receive? sholl hove all the braod and effective funcfions and powers in any wise entrusted by a court to 0 receiver, and such appoi~tment sholl be made by such courf os on admitted equily and o motter of obsolule right in Ihe Mortgogee, and withouf reference to fhe odequacy or inadequacy of the value of fhe property mortgoged, or to the solvency or insolvency of the Mortgogor ond/or the defendant ond svch rents, profits, income, issues ond revenues shall be opplied by the receiver according to the lien and!or equitr of fhis mortgoge and thc proc~ice of s~th tourf, ond such oppo~ntment of ?eceiver sholl be without notice to any obligor hereunder. NINTH: The Martgogor hereby waives all rights of homestead and exempt~on gronted by the Conslitution and laws of Florido. It is specifically ogreed thal fime is of the essence in Ihis tontroct and thot no woiver by fhe Mortgagee of any obligation hereunder or oF the obligation secured hereby shall ot any time thereaffer be held to be a woiver of the terms he~eof or of the obligotion secured hereby. i TENTH: Upon ony sale, transfer or conveyorxe of the oroperty herein described ond covered by this mortgoge to any person, firm or corporotion, not previously approved in writing by the holder of this mortgage, the Morfgagee or holder shall have the right to accelerote the maturity of this mortgoge as though it were due and payoble on the day of such transfer and to dema~d poyment in full of the said mortgage amount o? any unpaid balonce thereof, and to exercise oll the right: and ~emedies herein or by law reserved to said Mortgagee the same as in any evenf of defauit hereunder, onything in the promissory note secured hereby or herein to fhe contrary nothwithstonding. REVENTM: If forecbsure proceedings of any second morigoge or setond trosf deed or any junior lien of any ki~d should t be instituted, the Mortgagee may, ot its option immediately or thereafter declare this mortgage ond the indebtedness secured hereby due and payobte. TWaFTH: That in the event Me premises hereby mortgaged, or any pa?t thereof, shall be condemned and taken for public use undc? the power of eminent domain, the Mortgagee sholl have the right to demand that all domages owarded for the toking of or damages to said premises shall be paid to the Mortgagee, up to the amount then unpaid on this mortgoge ond the obligafion secured hereby and may be applied upon the poyments lost payoble under this mortgage and the obligotion secured hereby. THIRTEENTH: That irutallmenfs, poyoble under the ferms hereof and the note secured hereby, not paid when due, shall be subject, after fifteen (15) days from the due date thereof, to, and it is agreed Mongegee sholl collect thereon and therewith, o "late chorge" in the amount of four per cent (4°~) of the irutallment due upon each such delinquent installment, and such "late 3 charges" are secured by the lien hereof. FOURTEENTH: Without impoiring the obligotions of Mortyagor contained in paragraphs SECOND, THIRD and FOURTH ~ hereof, ond for opplication to the purposes thereof insofar es the same shall be suf~icient, Mortgugor shall, in addition to the t ~ monthly poymeots of printipal ond interest as sroted in the origina) 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 estimcted annual taxes, asussments and insurarxe F f premiums upon the real estate security, as the amount thereof is determined from time to time by the Mortgagee. ~ ~ ~ i FIFTEENTH: Thot the Mortgagor shall fumish annually, at the request of the Mortgagee, finarr.ial statements in form and ~ ~ certified in a manner satisfactory to the Mortgagee. A ~ SIXTEENTH: This mortgage also secures any and oll renewals and exfensions of fhe promissory note referred to herein and ~ secured hereby, and all installments thereof, and also any other notes which have been or may be given to the Mortgagee by the ~ Mortgogor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed ot onr one time t ~ !i ^ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ the aggregote unpaid principa! sum of - - - - - - - - - - - - ~ - ~ ~ - - _ --------FOUR THOUSAND AND NO/100-------------------- ~~~a~ (b 4, 000. 00 - - - it being the specific intention that furthe~ advarxes mar be made by the Mortgagee at its option to the Mortgagor, eithe? priar to 5 ~ or ofter the due dates of the above referred to promissory note hereby secured; ond this mortgage is given for the specific ~ purpose of seturing any and all indebtedness by the Mortgagor to the Mortgagee in whatever manne? the same may be evi- ~ dented or represented, until this mortgoge is satisfied of retord; and all covenanfs ond agreements contained in this mortgage ~ shall be applicable to oll further and future odvances mode by the Mo?tgagee to the Mortgagor ond all other indebtedness of Mortgagor to the Mortgogee, and any and all renewals or extensions thereof. > i rg S~ IY ~ ~ ~ FY': ~ s'y": ~y aooK ~~.0 ~cf 5' ` ~Y -3- ~ ~ _ - - ~,w' ~rn~ ::Y . . _ . _ _ _ ~