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Home My WebLink About1691 ~rxome, profits, issues ond ?evenues ore hercby mortgoged os if specificolir set forth and described m the g?anfing and habendum clauses hereof, ond such recei~er sholl have all the b?oad ond effetfivc functio~s end powers in anr wise entrusted br o court to 0 receiver, ond suth appointmenf sholl be mode by suth tourf as on odmined equify ond o moffe? bf pbsolute right in fhe Mortgogee, and without reference to the adequacy o? inodequacy of 1he value of the property mo?tgaged, or to the solvency o? insolvency of fhe Mortgagot and/or the defendanf ond suth renfs, profits, income, issues and ~eve~ues sholl be opptied by ~he ?eceivrr atcording to the t~en ond~o~ equity oi this mo~tgoge and the p~actice of s~,ch cour~, o~d such oppo~ntment of receiver shall be without ~otice to ony ob~igor hereunde~. NINTH: The Mortgagor hereby wa~ves all rights of homesteod ond exemptio~ gronted by the Constitution and laws of Florido. It is specificolly agreed thot time is of the essence in fhis contracf end fhat no waiver by the Mortgagee of o~y obligation hereunder or of the obligation secured hereby sholl ot any time thereafter be held to be a woiver of the terms hereof or of the obligation secured hereby. > TENTH: Upon any sale, trpnsfer or conveyance of the property herein described and tovered by this mortgoge to ony person, firm or corporation, not prev~ously approved in writing by the holder of this mortgoge, the Mortgagee or holder shall hove the right fo accelerote the maturity of this mortgage as though it were due and poyoble on Me day of such fronsfer end to demand poyment in full of the said mongage omount or any unpaid balonce thereof, and to exercise oll the ?ights and remedies herein or by low reserved to said Mo?tgogee the same os in aoy evenf of defoult hereunder, anything in the p~omissory note sccured herebY or herein to the cont~ory noMwithstonding. BEVENTH: If forecbsure proceedings of onr second mo?tgage or second frusf deed or any junior lien of ony kind should 4 be instituted, the Mortgagee may, o? its option immediotely or thereafter declare this mortgoge and the indebfedness secured ~ hereby due and poyoble. TWgFTM: That in the event the premises he?eby mortgcged, o~ any part thereof, shall be tondemned and taken 4or publit use u~der the power of eminent domain, the Mortgagee shall have the right to demond that all damoges awarded for the taking of or damoges to said premises shall be paid to the Mortgagee, up to the amount then unpaid on this mortgage and the obligation secured hereby and may be applied upon the payments lost payoble under this mortgage and tht obligation setured herebr. THIRTEENTH: That installme~ts, payable under the terms hereof and the note secured hereby, not paid whe~ due, shflll be svbject, ofter fifteen (15) days from the due date thereof, to, and it is agreed Mortgagee sholl coilect the~eon and therewith, a : "late charge" in the amount of four per cent (4~) of the installment due upon eoch suth delinquent installment, and such "lote $ chorgei' are setured by the lien hereof. ; i FOURTEENTH: Without impairing the obligations of Mortgagor tontained in pa~agraphs SECOND, TMIRD and FOURTH hereof, and for appfication to the purposes thereof iruofar as the same shall be suffitienf, Mortgogor shall, in addition to the monthly paymenfs of principal and interesf as stated in the original note (and in fhe nofe or rwfes setured hereby) provided to be i mode, poy a monthly sum and amount equal to one-twelfth (1,/12) of the estimated annual taxes, ossessments and insurance premiums upon the reol estote security, os the amount thereof is determined from time to time by the Mortgager. ` FIFTEENTH: Thot the Mortgagor shall furnish annuallr, af the requesf of the Mortgagee, finarr_ial stotements in form and j ce~tified in a manner satisfactory to the Mortgagee. i ~ 1 : . ~ SIXTEENTH: This morTgage also secures any and oll renewals and extensions of fhe promissory note referred to herein and ; secured hereby, and all instalime~ts thereof, and alw any other notes which have been or moy be given to the Mortgagee by the ~ Mortgagor, and any other indebtedness of the Mortgagor fo the Mortgogee which, howe=er- shall not exteed at a-y one time ~ rhe a99reyote ~~Poid P?~~c~Po~ s~m of __FORTY TWO THOUSAND AND NO/100 - ~ia.: t542,000.00 _ l, - - it being the specific intention that further advonces moy be made br fhe Mortgagee at its option to the Mortgagor, eifher prior to or after the due dotes of the obove refer~ed to promiswry nofe hereby secured; and this morigagE is given for tfie specific purpose of securing any ond all indebtedness by the Mortgagor to the Mortgagee in whatever manner the same may be evi- denced or represented, unti! this mortgage is sotisfied of record; and all tovenanfs and agreemenfs contained in this morfgage ~ shall be applitable to a!I further and future advonces made by the Mortgagee fo the Mortgagor and all ofher indebtedness of Mortgagor to the Mortgagee, and ony and ali renewals or extensions thereof. ~ ~ ~ ~ ~ ~ gA ~ ~ ~ ~ ~ ~ r:, ~ ~ . e~ 2~~8 ~1688 ~ - E=~ ~ ~ -3- ~ ~ ^ 3j a _ ~c ~ ~;l"~ r t . ~ . . _ _