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Home My WebLink About0087 ~ intome, profits, issues a~d revenues ore hereby mortgoged os if speciF~taliy set forth and described in Ihe granting and hobendum tlouses hereot, ond such ?ece;ver sholl have all ~he broad ond effective fu~?ctions ond powers in any wise entrusfed by a tourt to 0 receiver and suth a ! , ppointme~t sholl be made by such cou?t os a~ odmilfed equity ond a matter of absolute right in the Mortgagee. and without reference to the odequacy or inodequaty of the value of the property mo?tgaged, o~ to the solvency or insolventy of the Mortgago~ and/or the defendont ond suth rents, profits, income, issues ond ~evenues shal) be applied by the receiver occording to fhe lien and/or equity of this mo~tgoge und the practice of such cou~t, and such appointment of receiver shett be withovt notice fo any obtigor hercunder, NINTH: The Mortgagor hereby waives all righfs of homestead and exemption granted by the Constitution and tows of Flo~ido. It is specificolly ogreed thot time is of the essence in this controc~ ond fhot no woiver by the Mortgogee of eny obligotion he~eu~der or of_ the obligation secu~ed hereby shall ot ony time thereafter be held to be a wQivtt of the te~rr~s hereof or of the obtigotion secured hereby. TENTH: Upon any sa(e, tronsfer or tonvcyance of the property herein deuribed and covered by this morfgoge to ony perso~, firm or corporation, not previousl~r opproved in writing by the holder of this morlgoge, !he Mortgogee or holder shall hove the right to oaelerote tha moturity of this mortgoge os though it were due and payable o~ the ddy of suth troRSfer ond to demand • poyment in full of the soid mortgoge amount or arty unpaid balance thereof, ond to exercise all the rights and remedies herein or by law reserved to said Mortgagee the some as in any event of default hereunder, onything in the promissory note secured hereby o~ herein fo the tontrory nothwifhstanding. , aEVENTH: If forecbsure proceedings of any second mortgage or second trust deed or ony junior lien of any ki~d should be instituted, the Mortgagee mor, at its optio~ immediately or thereafter declare this mortgage and the indebte~ness secured hereby due ond poyable. - TWgFTH: Thot in the event the premises hereby mortga9ed, or any part thereof, shall be condemned and taken for public use under the power of eminent domain, the Mortgagee shall have the right to demond that oll damuges awarded for the taking of or damages to said premises shall be paid to the Mortgagee, up fo the amount then unpaid on this mortgage and the obligotion secured he?eby and mvy be opplied upon the poyments last poyable under tf~is mortgage and the obligation setured hereby. ~ THIRTEENTH: That installmenh, poyable unde~ the terms hereof and the note secured hereby, not paid when due, shall be subject, after fifteen (15) doys from the due date thereof, to, and it is agreed Mortgagee shall cotlect thereon and therewith, a "late charge" in the artwunt of four per cent (4°~~ of tF~e irutollment due upo~ .each such delinquent imtallment, and such "lote charges" ore setured by the lien hereof. i ~ FOURTEENTH: Without impairing the obligotiau of MoAgogor contained in poragrophs SECOND, THIRD and FOURTH i hereof, and for opplicotion to the purposes thereof insofar as the some shaN be sufficient, Mortgagor shall, in additian to the monthly poyments of principol ond enferest os stafed in ~he originul rwte (and in the note or notes sacured hereby) provided to be made, pay a monthly sum ond amount equvl to one-twelfth (1!12) of the estimated annuol taxes, assessments a~d insurance ~ ; premiums upon the reol estote seturity, os tfie amount tfiereof is determined from time to time by the Mortgagee. E i ~ FIFTEENTH: That the Mortgagor shalt furoish onnually, at the request oi the Mortgogee, finorr.ial stotements in form and ~ certified in a manner sotisfactory to the Mortgogee. a t ! E SIXTEENTH: This mortgage aiso secures any and all renewals and extensions of the promissory rwte referred to herein ond secured hereby, and oll instatlments thereof, and also any other ~otes whith hovt been or moy be given to the Mortgogee by the ' Mortgagor, ond any other indebtedness of the Morfgagor to the Mortgagee which, however, shall rwt exceed at any one time i i ' the aggregate unpaid principal sumof__------------------------------ ~ ~ ------SEVENTEEN THOUSAND FIVE HUN~RED AND NO/100- 17 500. 00 ~ - - - - ~lors tS - _ ; it being the specific intention that further advo~ces moy be made by the Mortgagee ot its option to fhe Mortgagor, either prior to ~ or oRer the due dates of, the above referred to promissory note hereby secured; and this mortgage is given for tf~e spec~fic ~ purpose of securing onr and all indebtedness br the Mortgagor to the Mortgegee in whatever monner the some moy be evi- denced or represented, un?il this mortgoge is satisfied af record; ond oll covenants and agreements contained in this mortgage F shall be applicoble to oll further and future odvonces made by Me Mortgagee to the Mortgagor and oll other indebtedness of ~ Mortgagor to the Mortgagee, and anr and all ~enewols or externions fhereof. i ~ i C'' . ~ z 's a : : - so~ 223 ~~GE ~ 67 -3-