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Home My WebLink About1604 income, profits, issues and revenues a~e hereby mortgaged as iF spetificollr sel forth ond destribed in the granting ond hobendum clauses hereof, ond such receiver shall hove all the b~oad and effective fur+ctions a~d powers in any wise entrusted by o cou?t to 0 receiver, ond such appointmenf shall be made by such tourt os on admittcd equifr and a mofter of obsolute righf in the Mortgagee, ond without refe~e~ce to the odequacy or inodequocy of the value of the prope?ty mo~tgaged, or to the solvency or insolver+ty of the Mortgogo~ and/or the defendant end such re~ts, profifs, income, i:sues ond revenues shoU be applied by the receiver accordin~ to the lien and%or eqvity of this mortgage and the p~atfice of suth tourt, and suth appo~ntment of receiver shall be without notice to ony obligor hereunder. NINTH: The Mortgagor herebr waives all ~igh~s of homesfead and exemption gronted by the Constitution~ and laws of Florido. It is spccificatly ogreed that fime is of fhe esserxe in this tontratt o~d thot no weivet by the Mortgogee of any obligotion hereunder or of tAe obtigotion secured hereby shall at any time thereofter be held to be a woiver of the terms hereof or of the obligotion secured hereby. , TENTH: Upon any sale, transfer or conveyance of Me property herein deuribed and covered by this mortgage to any person, firm or corporotion, not previously opproved in writing by the holder of fhis mortgage, the Mortgagee o? holder sholl hove the right to auelerate the mobrity of this mortgage os thaugh it were due and payoble on the day of such trensfer artd to demand poyment in full of thc said mortgoge amount or any unpaid balante thereof, and to ezercise atl fhe rights ond ?emedies he~ein or by low reserved to said Mortgogee fhe same as in any evenf of defoulf hereunder, anything in the promissory note secured, he~eby or herein to fhe tontrary nothwifhsfcnding. . REVENTH: If forecbsure proceedings of any second mortgage o~ second trusf deed or any junior lien of any kind should be instituted, the Mortgagee may, ot its option immediately or thereafter declare this mortgage and the indebted~ess secured herebr due and paroble. ~ TWBFTH: That in the evenf the premises hereby mortyoged, or ony port thereof, shall be condemned and taken for public use under the power of eminent domoin, the Mortgagee shall have the ~ight to demond that all damages awarded for the toking of or damages to said premises sholl be paid to the Mortgagee, up to the amount thcn unpaid on this mortgage and thc obligatwn secured hereby and may bc applied upon the poymenh last poyable under this mortguge and the obtigotion secvred hereby. THIRTEENTH: That instollments, payable under the terms hereof and the note secured hereby, ~ot poid when due, shall be subject, after Rfteen (15) doys from the due date thereof, to, and it is agreed Mortgagee shall collect thereon and therewith, o "lote charge" in the amount of four per tcnt (4~) of the instollment due upon eoch such delinquent instollment, ond such "late charges" ore secured by the lien hereof. _ FOURTEENTH: Without impoiring the obligations of Mortgagw tontained in paragrcphs SKOND, THIRD and FOURTH hereof, and for application to the purposes thereof insofor as the same shall be suffitient, Mortgagor sholl, in oddition to the monthly payments of pri~cipol and interest os stoted in the originol nofe (and in the note or notes secured hereby) provided to be ' mode, pay a monthly sum and amount equal to one-twelfth (1/12) of the estimated annuol taxes, essessmenh ond .iruuronce ~ premiums upon the real estote searitp, as the amount thereof is determined from time to time by the Mortgogee. i i HfTEENTH: That the Mortgagor shalt furnish annually, at the requcst of the Mortgagee, finan:ial statements in form and t certified in o manner sotisfodory to the Mo~igagee. s ~ SIXTEENTH: This mortgoge also secures any and all renewals and externions of the promissory note referred to herein ar.d ~ secured hereby, ond all ir?stallmenfs thereof, and alw any other notes which have been or may be given to the Mortgagee by the ~ Mortgagor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed at ony one time ~ ~ the aggregate unpaid principol sum of -------EIGHTEEN T~IOUSAND AND NO/100-------------=-- 18, 000. 00 - ---.__Dollars (5--------_- it being the specifit intention that further advances mar be made br the Mortgagee at its option to the Mortgagor, either prior to or aher the due dates of the above referred to promissory nofe hereby secured; and this mortgage is given for the specific purpose of securing any and all indebtedness by the Mortgagor to the Mo~tgagee in whatever manner the same moy be evi- denced or represented, until this mortgage is sotisfeed of retord; and all oovenants and ogreements contained in this mortgage sholl be applicable to all further and future advances made by the Mortgagee to the Mo~tgagor and oll other indebtedness of ~ n• Mortgagor to the Mortgagee, and any and oU ?enewals or extensions thereof. ~ ~ 'r; 5 ti~` € _ kt; g R ~ ~ s,'~:_ ~ B~ -3- x~~ _ rf a '3 f _ ~ ~ ' ~ '4d , . - . ~ , . . , _°~;..~xts,. _ . , . , . . _ ' _ _ . . . ~ : ~