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Home My WebLink About2815 intome, prof~ts, issues ond revenues are hereby mortgoged as if specificolly set fo~th ond deurib:d in the y?anting ond hobendum clou~es he~eof, cnd suth rcceiver sholl hove o(I the brood ond e~tective functions and powers in any wise entrusted by o tourt to 0 receiver, ond such appointment shall be mode by such tourt us an odmifted equitr ond o matter of obsolute righf in Me Mortgogee, and withouf refe~ence ~o the adequacy o~ inadequocy of the voluc of the property mortgaged, or fo fhe solvency or insolvency of Me Mo?tQayo? and/or the defendant ond suth rents, profits, irxoma, issues and reve~ues shafl be applied by the reteiver uccordi~g to fhe lien o~d/or equily of fhis moNyoye ond fhe prattite of such court, ond such appoiotment of receive? sholl be without notice fo anr oblipor hereunder. NINTM: The Mortgogor hereby waives all righ?s of homesteod ond exemptipn granted by the Co~stitution and lows of Florida. It is spetificallr egreed thot time i: of the essence in this controct ond tha~ no woiver by the Mortgayee of ony obligotion hereunder o? of the obligotion setured he~ebr shall ot ony time thereofte~ be held to be a waiver of the terms her~of or of the obligation secured hereby. TENTH: Upon any sale, transfer or conveya~te of the prope?ty herein described and covered by this mortgoge to ony person, R~m or torporot+on, not previously app~oved in writing by the holder of this mortgoge, fhe Mortgogee or holder shall have the right to auelerete the rredturity of this mortgage as though it wcre due and purable on the doy of wth tronsfer end to demond poyment in full of the said rtwrtqage amount or ony unpaid balance thereof~ ond to exercise aq the rights ond remedies herein or by law reserved to soid Mo?tgagee the same os in ony eveot of default hereunde?, anything in the promiuory note setured hereby or herein to fhe tonhcry nothwithstondin~. EIEVENTH: tf forecbsure proceedings of ony second moRgage or second trvst deed or ony junior lien of ony ki~d shovld be instib~ed, fhe Mortgagee mar, ot ih option immediotely or the~eofter declare this mortgage ond the indebtedness secured hereby due and poyoble. TWRFTH: That in the event the premises herebr mortgaged, o~ ony pert thereof, shall be condemoed a~d taken for public use under the power of eminen! danoin, the Mortgagee shall hove the right to demond that oll damages owardcd for the tokiog of or damages to said premises shall be poid to the Mortgagee, up to the amovnt fhen unpaid on this mongoge ond the obligation secured hereby and may be applied upon the paymenh lost poyoble under this morTgege and the obligation secured hereby. THIRTEENTH: Thot i~taUments, poyable under the terms hereof and the note secured hereby, not paid when due, shall be subject, ofter fiReen (1S) days from the due dote thereof, to, ond it is agreed Mo~tgugee sholl collect thereon and therewith, a "late chorge" in the amount of four per cent (4af(j) of the irutallment due upon each suth delinquent installment, and such "lote chorges" are secured by the lien hereof. FOURTEENTM: WiNwut impairing the obligations of Mortgagor contaioed in poragraphs SECOND. TNIRD ond FOURTM hereof, and for apptication to the purposes thereof iruofar os the same shafl be wf~ident, Mortgagor sholl, in oddition to the rrw~thly poymenh of principol ond i~terest os stated in the original note (and in the note or rwtes setured he~eby) provided to be made, pay a monthly sum ond amount equal to one-twelfth (1 / 1 Z) of the cstimated omual taxes, auessments and insu~ance premiums upon thc real estate seturity, as the amount thereof is determined from time to time br the Mortgagee. HFTEENTH: That the Mortyago~ shall fumish arw~ually, at the requcst of the Mortgogee, flnanciol statements in form and certified in a manner satisfodory to the Mortgagee. SIXTEENTH: This morfgage also secures any and all renewals ond exfensions of the promissory note ~eferred to herein and secured hereby, and ell installmenh thereof, ond olso any othcr notes which i~ave been or may be given to the Morigagee by the Mortgogor, and any other indebfedness of the Mortgagor to the Mortgagee whith, however, shall not exceed ot any one time ' the aggrtgate unpaid principa! sum of --------SIXTY-FIVE THOUSAND AND NO/lOQ----------- _-__pd~pn (s__ __6~,-04U~-A(1-- j it being the spetific inte~tion thof further advances may be made by the Mortgagee ot its option to the Mortyogor, either prior to ' or ofter the due dotes of the above referred to promissory note hereby secured; and this mortga~e is given for the specific ` purpose of secv~ing ony ond ell indebtedness by fhe Mortgagor to the Mortgogee in whatever manner the same may be evi- i denced or represented, until this mortgage is satisfied of record; ond eil covenants and agreements contained in this mortgoge shall be applicable to all further and future advances made by the Mortgagee to the Mortgogor and aU other indebtedness of ' Mortgagor to the Mortgogee, and any ond oll renewals or extensions 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. i ~ ~ ~ ~ ~oor216 ~acr2816 -3- - ~ , _ ~ ~ # , . - ~ ~ ~