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Home My WebLink About2507 intome, profits, issves and revenues are hereby mortgoged as if spetificolly se1 fo~th ond deuribed in the g~onting o~d hobend~m clou:es hereof, ond such receiver sholl have all the broad and effettive furx~ions ond powers in ony wise enl~usfed by o court to 0 receiver, ond such oppointment sholl be made by such tpurf as on odmitted equity and o matfe~ of abwl~te right in the Mortgogee, ond withouf reference to the odequocy or inodequacy of the value of ~he properry mortgaged, or to the sotvency or insolvency of the Mortgegor ond/or fhe defendant ond such rents, profits, income, issues and revenves shotl be applied by the receiver according fo fhe (ien ond!o? equily of fhi3 moHyage ond fhe ptattite of s~h tourt, ond such oppointme~t of rece~ver she!! be without notice to ony obiigor hereunde~. NINTH: The Mo~tgogo? hereby woives all rights of homesteod and exemption granted by the Cons~itution ond lows of Florido. It is spetificaily agreed that time is of the essente in this contract ond ~hat no waive? by the Mortgagee of ony obligotien herew?der or of fhe obligafion secured hereby shol! at ony ?ime fhereofter be held to be a woiver of the terms hereof or of the obliga?ion secured herrby. TENTH: Upon any sale, transfer or converance of the p~operty herein described a~d covered by this mortgoge to any person, iirm or to?poration, not prcviously opproved in writing by the holder of this mortgage, the Mortgagee or holder shall have thc right to octelerate the moturity of this mortgoge os though it we~e due and poyable on the doy of such tronsfer ond to demond poymenl in full of the said mortguge amount or any unpaid balorxe thereof, cnd fo exercise all the rights and remedies herein or by law reserved to said Mortgagee fhe same as in any event of default hereunder, anything in the promissory note secured herebr or herein to the controry nothwithstonding. KEVENTH: If fo?ecbsure proceedings of onr second mortgoge or second trust deed or.any junior lien of any kind should be instituted, the Mortgogee moy. at its option immediately or Mereofter declare this mortgoge and the indebtedness secured hereby due and poyable. - . TWBFTH: That in the event the premises hcreby mortgoged, or ony part thereof, shall be coodemned ond token fo~ publit use unde~ the powe~ of eminent domoin, the Mortgogee shall have the right to demc~d thot oll domages o~rarded for the taking of or damages to soid premises shall be paid to the Mortgogee, up to thc amount fhen unpaid on ihis mortgage and the obligution secured hereby end may 6e opplied upon the payments iast payabte under this mongage and the obligation secu~ed hereby. THIRTEENTM: Thot installments, poyable under the terms hereof and the note secured hereby, not poid when due, shall be subject, ofter fifteen (15) days from fhe due dote tf~ereof, fo, and it is agreed Morigagee shalt callect thereon ond fherewith, o "lote charge" in the amount of four per cent (4~~ of the irufollment due upon eath suth delinquent instollment, and such "late charges" a~e secured by the lien hereof. FOURTEENTH: Witiwut impoiring the obiigotions of Mortgagor contained in paragrophs SKOND, THIRD and FOURTH he~eof, and for oppticotion to the purposes thereof insofar as the same shall be sufiiaent, Mortgagor sholl, in oddition to the monthly payments of prindpel and inferest os siafed in the original note (and in the note or notes secured hereby) provided to be rr?ade, poy a monthly sum ond amount equal to one-fwelfth (1/12) of the estimated anrwal taxes, assessments ond iowronte premiums upon the real estote securit~r, os the omount thereof is determined from time to time br the Mortgagee. FlFTEENTH: That the Mo~tgagor sholl furnish annually, at the requesf of the Mortgagee, finanaal statements in form and ce?tified in o manner satisfadory to the Mortgogee. SIXTEENTFi: This mortgage also secures cny and ap renewols ond extensions of the promissory note referred to herein and secu~ed hereby, ond oll insfollments thereof, and olso ony other notes whicfi have been or may be given fo the Mortgogee by the Mortgpgor, and ony o?her indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed at any one time the aggregate unpoid principal wm of _ - - - _ ~ _ : - - - - - - - - - - - - - - - - - - - - - - ! -----Three Thousand Seven Hundred & Fifty & 00~100--:+---- ~~~an ~s 3, 750. 00 ~ it being the specific intention that further advances may be made by the Mortg4gee at its option fo the Mortgagor, ~ifher p?io? to i or ofier the due dates of the obovE referred to promissory note hereby secured; ond ihis mortgoge is given for the specific ' purpost of seturing ony ond ol) indebtedness by the Mortgogor to the Mortgagee in whotever manner the same moy be evi- F denced or represented, until this inortgoge is satisfied of retord; and all covenants and agreements contained in this mortgoge ` shall be applicable to all fu?ther and future advonces mode by the Mortgogee to the Mo~tgagor and oll other indebtedness of Mortgagor to tht Mortgagee, and ony ond oll renewals or extensions thereof. ~ ~ i ~ i „ STATE ~F Fl_C ~ ~ f - ! ; ~~Z OOCIlMEN7ARY~=:- - ~ ~ .~STHMF _ ' DfP7. 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