HomeMy WebLinkAbout1775 income, proAts, iswas ond ~everwes ore he~abr mort~a~sd as if specifkolly set forth ond dexribed in the ~rontin9 o~d habendum
douses Mrsof, ond such receirer sholl hove oll Ihe b~oad ond eifective fw+ctio~u and powen in any wise entrusted by a couN to a
receive~, and wcf~ appointment sholl be made br such court o: an odmined equity and o motter of absolure ripht in tha Mo~tya~a~,
and wiMqut ref~~ence to ths adequoq o~ inodequacy of the volue of the prope~ty mohQoped, or to the solvency or insolveety of
the Mohpa~or and/o~ thc defendoet and wd~ rents, proAts, i~come, issues and revenue: shall be opplied by Ihe receiver eccordinp
to tM lien and/or equitp of this mortqa~e and the pructice of such cou?t, ond wch eppointment of ?eceiver sholl be wiMwut notice
to anr oblipo~ Mreu~der.
NINTH: The Mo?t~o~or hareby woives all ~i~hts of homesteod and exemption qranted by the ~onstitution ond lows of
Florida. h is speciflcaily a~reed thot tims i: of the essence in this oontrod and that no waiver by 1he Mo~tqogee of any obfiyotioo
hereunder or of the obli9ation secured hereby shall at any time fhereafter be held to be o waiver of the ?erms hsreof or of the
oblipation secured hereby.
TENTH: Upon any sole, fronsfer or conveyonce of the property herein described ond covered br this mortqoge to ony
person, flrm or corporofion, nat previously cpproved in wriNn~ by fhe holder of this mortgage, the Morfpo~ee or holde~ shall have
the riyht to caelerote the malurilp of this mort~ope os thou~h it were due and payoble on the doy of wch t~ansfer ona to demand
poyment in full of th~ said nart~aqe omount or ony unpaid bolance thereof, and to exercise all the riphts aad remedies herein or
by law reserved to said Mortgoyee fhe same os in any event of defovlt he~eunder, onything in the promissory note secured
hereby or heroin to the controry nothwithsrondiny.
REVBJTM: If foreclowra proceedings of any second mo~tgage w second tnrst deed or any junior lie~ of any kiod shw~ld
be i~stifuted, the Mo?tqogee mar, at its option immediotely or thereofter declare this mortgage and the indebtedness secured
hereby due and payoble.
TWaFTH: That in the event the premises he~ebr mortgaged, w any paM thereof, shall be coodemned and taken fo~ public
use under the power of eminent domain, the Mortgogce sholl huve the right to demand thot all damages awerded for the taking
of or damcges to said premises shall be paid to the Mortgagee, up to fhe omount then unpaid on this mo~igage ond the obliqation
secured hereby and may be applied upon the payments tast payobie under this mongage and the obligation secured hereby.
-THIRTEENTH: Thot irotollmenh, poyable under the temis hereof ond the note secured herebY, not paid when due, stwll be
wbjeN, aRer Afteen (15) days from the due date thereof, to, and it is agreed Mongegee shatl collect thereon ond tharewith, a
"tote chcrge" in the omount of fou~ per cent (4°~) of the iiutallment due upan each wcfi delinqucnt irutallrr~ent, ond such "lote
charges" ore secured by the lien hereof.
FOURTEENTH: WiMwut impairing the obligotions of Morigagor contained in poragraphs SECOND, THlRD and fOURTH
hereof, ond for opptication to the purposes thereof insofor as the some shall be suffidenf, Mortgagor shall, in oddiYwn to the
mo~thly paymenh of prirxipo! and interest os stoted in the originol note (and in the note or notes secured hereby) provided to be
made, poy o monthly sum and amount equal to one-twelffh (1/12) of the estimated enrwal taxes, assessments ond insurance
p~emiums upon the real estate seturity, as the artaunt thereof is determined from time to time by the Mortgagee.
flFTEHVTH: Thot the Mortgapor shall furnish annually, at the request of the Mortgagee, finantial statements in form and
certified in a manner sotisfoctory to the Mortgagee.
5lXTEH~lTH: This mortgage olso setures ony and alt renewols ond exte~siwn of the promissory note referred to herein and
secvred hereby, and o~l instollmenh thereof, and also eny other notes which have been or moy be given to the Mortgagee by the
Mortgagor, and aey other iedebtedness of the Mongagor to the Mortgogee whicfi, however, shall not exceed at any one time
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the ay~reqete unpeid principol wm of F~'jY iSA Ni) A iVT) NCl ~jQO ~
Dollars (S- rJrJ, ~
it bein~ fhe speciflc intention tha~ further advances may be made by the Mortqagea at ifs option to tha Mortgapor, either prior to
or aher the due dates of the abova refened fo promissory note hereby secured; and this mo?tyage is given for t~e speciflc
pu~pose of securinp ony and o!I indebtedness by the Mortqago? to the Mort~agse in whatever monner the same may be evi-
denced or represented, until this mortqa9e is saNsfled of record; and oll covenants and agreements contained in this mort9a9e
shall be applitoble to cll furtfier ond future advontes made by the Mortgcgee to the Mortgogor and all othe~ indebtedness of
Mortqo~or to the Moirtga9ee, and any ond o11 renewals or exteruions thereof.
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eooK z~5 ~~c~1772
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