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Home My WebLink About0147 income, profits. issues and ~evenues are ~erebr mortgoged as if specificallr set forM ond desuibed in the grontiny ond hobendurn ~clouses hereof, and such receiver sholl have all the brood and efFective functions and powers in ony wise en~rusted by o coun to a receiver, and such oppoin~ment shall be mode by such court os an admitted equity ond o matte~ of obsolute right in the Mo~tgagee, ± ond without refe~ence to the adequacy or inodequacy of the volue of the property morfgoged, or to the solvency or insolvency of } the Mortgogor ond/or the defendont and such rents, profits, income, issues ond revenues sha~l be applied by the receiver occordin9 to the lien andior equity of this moNgnge and the p~actice of such court, and such appointment of receiver shall be without notice to any obligor hereunder. . ~ NINTH: The Mortgago~ hereby waives oll rights of homestead and exemption gronted by the Constitution and lows of i Florida. It is specificolly agreed thot time is of the esserxe in fhis controct and that no woiver by Me IVlortgogee of any obligation hereunder or of the obligation setured hereby sholl at ony time thereoftcr be held to be a waiver of Me terms hereof or of the obligotio~ secured hereby. TENTH: Upon any sole, tronsfer or conveyance of the property herein deuribed ond covered by this mortgage to eny person, firm o? co~porofion, ~ot previously approved in writing by fhe holder of fhis morfgoge, fhe Mortgagee or holde~ shall have i the right to accele~ote the mafurity of fhis mortgage as though it were due and poyablc on the day of such trer?sfer and to demand poyment in full of the soid mortgage amount or any unpaid balonce thereof, ond to exercise all the rights and remedies he?ein or br law reserved to said Mortgagee the same as in any event of default hereunder, onything in the promissory note secured herebr or herein to the contrary nothwithstanding. REVENTH: If forecbsure proceedings of any second mortgage or second tnnt deed or any junior lien of any kind should be instituted, the Mortgagee may, at its option immediately or thereafter declare this mortgage and the indebtedness secured hereby due and poyable. TWBFTH: That in the event the premises hereby mortgaged, or any part thereof, sholl be condemned and taken for public use under the power of eminent domain, Me Mortgagee shall hove the right to demand that all damages owarded for the tcking of or damages to said premises shall be paid to the Mortgagee, up to the amount then unpaid on this mortgage and the obligation secured hereby ond moy be applied upon the poyments lost poyable under this mortgoge and the obligation secured hereby. - THIRTEENTH: Thot installments, payable under the terms hereof and the note secured hereby, not paid when due, shall 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 amount of four per cent (4%) of the installment due upon ea~ such delinquent installment, and such "late charges" are secured by the lien he~eof. ~ ~ ; FOURTEENTH: Without impairing the obligotions of Mortgagor contained in parag~aphs SECOND, THIRD and FOURTH hereof, a~d for application to the purposes fhereof insofar as Me same shall be sufFiacnt, Morigagor shall, in addition to the monthly payments of principal and interest as steted in the original note (and in the note or notes secured hereby) provided to be made, pay o monthly sum and aRwunt equol to one-twelfth (1/12) of the estimated anrwal taxcs, assessmenh and insura~ce ; premiums upon the real estate security, as the amount thereof is determined from time to time by the Mortgagee. I I ~ FIFTEENTH: That the Mortgagor shall furnish annually, at the request of the Mortgagee, fino~r.ial statements in form and ~ certified in a monner satisfactory to the Morfgagee. ~ SIXTEENTH: This mortgage also secures any and all reoewals and extensions of the promissory note referred to he~ein ond secured hereby, and all installmenis thereof, and also anr other notes which have been or may be given to the Mortgagee by the Mortgagor, and any other indebtedness of fhe Mortgagor to the Mortgagee whid~, however, shall not exceed at any oee time ; ~ i the oggregate unpoid principal sum of - # ~ ----------SEVENTY THREE THOUSAND AND NO%100-----___-_pd~ars(S _73= Q00.00 ~ it being the specific intention that further advantes may be made by the Mortgagee ot.its option to the Mortgagor, either prior to ~ or after the due dates of the above referred fo promiswry note hereby setured; ond this mortgage is given for the specific ~ purpose of securing any and all indebtedness bx the Mortgagor to the Mortgagee in whatever manner the some may be evi- denced or represented, until this mortgage is satisfied of record; ond oll covenants and ag~eements contained in this mortgage shall be applicable to all further and futvre advances made by the Mortgagee to the Mo~tgagor ond all other indebtedness of Mortgagor to the Mortgogee, and any ond all renewals or extensions thereof. i Seventeenth: This Mortgage is subject to all the terms of a Construction Loan 1 ~ A greement, of even date, the same as if said agreement was set out herein in full. ~ ~ ; ~ ~ ~ ~ gooK 213 PA~E 147 ; -3- ~