The URL can be used to link to this page

Home My WebLink About0119 income, profits, issues ond revenues are hereby mortgaged as if spetificolly set forth and described in fhe gronting ond hobendum clouses hereof, ond such receiver sholl hove all the broad and effeclive fu~c~ions and powers in ony wise entrusted by a tourt to a reteiver, ond such appo~ntment shall be made by such courl os on admitted equity and a matter of obsolute right in the Mortgagee, ond without reference to Ihe adequaty or inadequaty of fhe value of fhe properfy mortgaged, or to the solvency or insolvency of the Mortgogor and/o? the defendant and such renfs, ptofits, income, issues and revenues sholl be applied by fhe reteiver atcording to the lien a~d/or equity of this mortgoge and ~he proctice of such court, end such oppointment of receiver sholl be wifhout notice fo any ob~igor hereunder. NINTH: The Mortgogor hereby woives all rights of homesteod and exemption gronted by the Constitution ond laws of Florida. It is specifically agreed thot time is of the essence in this tonfretf ond thot no woiver by fhe Mo~tgogee ol ony obligafion hereunder or of the obligotion secu~ed hereby sholl ot any time thereafter be held to be a woiver of Mc terms hereof o~ of the ob~igation secured herebr. ~ ; TENTN: Upon any :ole, transfer or co~veyorxe of the property herein described ond cove~ed by this mortgoge to any persw~, firm or torporofion, not previouslr approved in wrifing by the holder of fhis morlgage, fhe Morfgagte or holder shall hove the right to accelerate the maturity of this mo?tgage as though it were due and payable on the day of such tronsfer and to demond payment in full of the said mortgage omount or ony unpaid balonce thereof, ond fo exertise all the rights and remedies herein or ~ by low resened to soid Mortgagee the some as in any event of defouit hereunder, enything in the promissory note secured r hereby or hetein to Me tontrary nothwifhsfonding. gEVENTH: If forecbsure praeedings of any second mortgage o? second trust deed or ony junior lien of any ki~d should be instituted, the Mortgagee may, at its option immediately or thereafter declare this mortgage ond the indebtedness :ecured hereby due and payable. TWaFTH: Thot in the event the premises herebr mortgaged, or any part thereof, shall be condemned and taken for public use unde~ the power of eminent domain, the Mortgagee sholl hove fhe right to dcmond that oll domages awarded for the taking of or damages to said premises shall be paid to the Morfgagee, up to the amount then unpaid on fhis mortgage and the. obligation secured hereby and moy be applied upon the poyments lost payable under this mortgage and the obligation setured hereby. THIRTEENTH: Thot installments, payable under the tenns hereof and the note secured hereby, not paid wMen due, shotl be svbject, after fifteen (15) days from fhe due date thereof, to, and it is agreed Mortgagee shall collect fhereon and therewith, a i "lote charge" in the amount of four per cent (4~) of the i~tallment due upon eoch such delinquent installment, and wd? "lote charges" ore secured by the lien hereof. FOURTEENTM: Without impairing the obligations of Mortgogor tontoined in paragraphs SKOND, THIRD and fOURTH hereof, ond for application to the purposes fhereof insofar as the same shall be sufficie~t, Mortgagor sholl, in addition to the monthly payments of principal and interest as stated in the originol note (end in the note or notes secured hereby) provided to be made, pay o monthly sum and amount equol to one-twelfth (1/12) of the estimoted annual toxes, assessments and i~uorance ~ premiums upon the real estate security, as the amount thereof is determined from time to time by the Mortgagee. ; i ; FIFTEENTH: That the Mortgagor shall fv~nish annuallr, at the request of the Mortgagee, finorr,ial statements in form and ! certified in a manner satisfactory to the Mortgagee. 0 ~ ~ 7 SIXTEENTH: This mortgage also secures any and all renewals and extensions of the promissory7+ote referred to herein and ` ~ secured hereby, and all instal~ments thereof, and olso any other ootes which have been o? may be given to the Mortgagee by the s ~ Mortgagor, and any other indebtedness of the Mortgagor to ihe Mortgagee which, however, shall nof exceed at anr one time e ` ~ the aggregate u~paid principal sum of- - } - ~ ----=--=THIRTY-NINE THOUSAND AND NO/100--------------- 39,000.00 ~ -Oolla?s (S - - it being the specific intention that further advances may be made by the Mortgogee at its option to the Mo?tgagor, either prior to ~ or after the due dates of the obove referred to promissory note hereby secu~ed; ond this mortgage is given for the specific ~ purpose of securing any and all indebtedness by the Mortgagor to the Mortgagee in whatever manner fhe same may be evi- ~ denced or represented, until this mortgage is sotisfied of record; ond all covenants and agreements contoirxd in this mortgage ~ shall be applicable to all further ond future advances made by the Mortgugee to the Mortgagor and all other indebtedness of ~ Mortgogor to the Mortgagee, and any and aU 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. x~ F, . '3t ~k ~ _ - ~ 0 R ~ ~ 60CK ~~9 FAGE ~ 9 ~r ; ° -3- ' ~ ~ _ ~ fY ~ : ~ ~ ~ ° rx :