HomeMy WebLinkAbout1683 income, p~ofits, issues and ?evenues are hereby mort~oyed as if specificolly set forth ond described in ~he y~anfin~ and habendum
clovses hereof, ond such receiver shall hove all the broad and effeclive functions ond powers in any wise entrusted by o couA to 0
reteiver, and suth appointment sholl be mode by suth tourt as on odmifted equifr and o matter of obsolute ~i9ht in the MoNpoyee.
ond without referente to the odeqvaty or inodequaty of the vclve of Iha property mortgoged, or to the solvency or insolvency of
the MoMgagor and/or the defendant ond such rents, profits, income. issues and revenues shall be applied br fhe receiver occording
ta the lien o~d/or equity of this mongoqe and the practice of such court, and such oppointment of receiver shall be without ~otice
to any obligor hereunder.
NINTH: The Mortgagor hereby waives all rights of homestead ond exemption gronted by the Constitution ond lows of ~
Florida. If is specifically agreed thaf time is of the essence in fhis tontrotf and thaf no waiver by the Mortgagee of any obligat'wn ;
hereunder or of the obligotion setured hereby shalt at any time thereofte? be held to be a woiver of thc terms hereof or of the ~
obligotior+ :ecured hereby. i
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TENTH: Upon onr sale, transfe~ or tonveyorxe of the property herein dexribed and covered by this mortgege to eny ~ ~
person, firm or torporation, not previously approved in writing by the holder of this morlgage, the Mortgagee or holder shall have
the ?ight to auelerote the mofurity of this mortgage os though it were dve and payoble on the dar of such tronsfer and to demond
poyment in full of the soid mortgage amount or any unpaid balance thereof, ond to exercise all the rights and remedies he~ein or i
br law reserved to said Mortgogee the same as in any event of default hereunder, ooything in the promissory note secured ~
hereby or herein to fhe tonirory nofhwifhsfanding. j
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aEVENTH: If forecbsure proceedings of ony second mo~tgage or second tnnt deed or any junior lien of any kind should ~
be instituted, the Mortgagee may, at its optior? immediately or Mereafter detlare this mortgoge and the indebtedness sccured '
hereby due and payabla
TWBFTH: That in the event the premises hereby mortgoged, or ony part thereof, shall be condemncd ond taken for public
use under the power of eminent domain, the Mortgagee sholl have the right to demand thot all damages awarded for the toking
of or damages to said premises shall be paid to the Mortgagee, up to the amount then unpaid on this mongage and the obligation `
secured hereby and may be opplied upon the payments last parable under this mortgage ond the: obligotion secured hereby.
THIRTEENTH: That installments, poyable under fhe terms hereof and the note secured hereby, not poid when due, shall be ~
subject, after fifteen (15) days from fhe due date fhereof, to, and it is agreed Mortgagee shall collect thereon ond therewith, a ;
"late charge" in the amount of four per cent (4~) of the i~xtollment dve upon each such delinquent installment, and such "late ~
chergei' are secured by the lien hereof. $
FOURTEENTH: Without impairing the obligatioru of Mortgagor contained in paragraphs SECOND, THIRD ond FOURTH
hereof, and for applicotion to the purposes thereof insofar as the same shall be wfficient, Mo~tgagor shall, in addition to the
monthly poyments of prinapal and interest as stated in the original note (ond in fhe note or notes secured hereby) provided to be
made, pay a monthly sum and amovnt equal to one-fwelfth (1/12) of the estimoted anrwal toxes, assessments and inwrance
premiums upon the reol estate securit~r, as the amount thereof is determined from time to time by the Mortgogee.
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' FIfTEB~ITH: That the Mortgagor shall furrush annuallr, at the request of the Mortgagee, flnarr.ial statements in form and
I certified in a manner satisfactory to the Mortgagee. i
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~ SIXTEENTH: This mortgage also secures any and all renewals and extensiorx of the promissory note referred to herein and
~ secured hereby, ond all instollments the~eof, and also any other notes whith hove been or mar be given to the Mortgagee by the
Mortgagor, ond any other indebtedoess of the Mortgagor to the Mortgagee which, however, shall not exceed at any one time q
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the aggregate unpoid principal sum of t
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------THIRTY-THREE THOUSAND AND NO/100----------- _=pd~an (s_ 33, 000. 00 ~
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it being the speciRc intention that furthe~ advances may be made by the Mortgagee at its option ro the Mortgagor, either prar to
or after the due dates of the above referred to promissory note hereby secured; ond this mo~tgage is given for the specific
purpose of securing a~y and all indebtedness by the Mortgagor fo the Mortgagee in whatever manner the same moy be cvi-
denced or represented, unti! this mortgage is satisfied of record; and all tove~ants and agreements contained in this mortgage
shall be applicable to all further and future advonces made by the Mortgagee to the Mortgagor ond all other indebtedness of ~
Mortgagor to the Mortgagee, ond ony and all renewals or exteruions thereof. ~
Seventeenth: This Mortgage is subject to all the t erms of a Construction Loan
Agreement, of even date, the same as if said agreement was set out herein in full.
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