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Home My WebLink About0122 income, profils, issues o~d revenues ore hereby mortgaged as if specificolly set forth and described in fhe fl?anti~~ ond habend~m clouses hereof, ond such rece+ve~ sholl hove ali the broad and effec?ive fu~?ctions ond powen in any wise entrusted by o court to a ?eceiver, and such appointment shoil be made by such courl as on admitted equity and a matter of absolute right in the Mortgogee, and without refe~ence to the odequacy or inadequacy of the value of the propeny mortgaged, or to the solvency or insolvency of the Mo?tgagor and/or the defendant and such rents, profits, income, issues a~d revenues shall be applied by the receiver actording to fhe lien and/or equity of fhis mo~tqo9e ond the pracfice of suth tourf, and such appoinfinenf oF reteiver sholl be withouf notice to anr obligor hereunder. ' 3 i f w11NTN. TI,. M~rennnnr herebv woives oll riahts of homestead and exemption 9ran~ed by the Constitution cnd lows of E ~ Florido. It is specificolly agreed that time is of the essence in this confract ond that no waive? by the Mortgogee of any obligation hereunder or of the obligation secured hereby shall ot any Iime thereofter be held to be o waiver of the terms hereof or of the ; ~ obliyotion secu~ed hereby. ~ TENTH: Upon ony sale, tronsfer or converorxe of the property herein described ond covered by this mortgage to onr ! ~ penon, Rrm or corpo~ation, not previouslr approved in writing by the holder of this mortgoge, the Mortgagee or holder sholl have } t the right to aaelerate the maturity of this mortgage os though it were due ond payable on the doy of such transfer and to demand £ poyment in full of the said mortgage amount o~ ony unpaid bolante thereof, and to exercise oll the rights and ~emedies herein or ~ by law resened to said Mortgagee the same os in any event of default hereunder, anything in the promissory note secured ~ hereby or herei~ ro fhe contrary nothwithstanding. ; ~ flEVENTFt: If forecbsure proceedings of any second mortgage or second trust deed or any junior lien of any kind should ~ be +roii?u~ed, the Mts~`tgagee maY, os i!s aptio:: ssnrr.ed'ec*e!y ar thereafter declore Mis mortgage and the indebtedness secured ~ hereby due ond payabla TW9.FTH: That in the event the premises hereby mortgaged, or ony parf thereof, sholl be condemned and taken for public use under the power of eminent domain, the Mortgagee shall have the right to demand that all damages awarded for the taking of or domages to said p~emises sholl 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 poyments lost payoble under this mortgage ond the obligation secured hereby. ~ THIRTEENTH: That i~tollments, payoble under the terms hereof and the note secured hereby, not paid when duc, shall be subject, aher Rfteen (15) days from the due date Mereof, to, and it is agreed Mortgogee shall collect thereon and therewith, a _ "late ~arge" i~ the amount of four per cent (4~) of the instollment due upon each wth delinquent installment, and sucfi "late chargei ' are secured by !hs lian hereof. ~ a FOURTEENTH: Without impairing the obligatiau of Mortgagor tontoined in paragraphs SEGOND, THIRD and FOURTH ~ hereof, and for application to the purposes thereof insofar as the ~same shall be wf~icient, Mortgagor shall, in addition to the monthly Payments of prinapal and interest as stated in the original rafe (and in the nofe w notes secured he~eby) provided to be i mode, pay o monthly sum aod amount equol to one-twclfth (1/1Z) of the estimated anrwal taxes, assess~ncnh ond iruurance premiums upon the real estate security, as the amouot thereof is determined from time to timc by the Mortgdgee. t j : ~ FIFTEENTH: That the Mortgagor shail fumish annually, at the request of the Mortgagee, finarrio~ stat m~3~in form and ~ certified in a manner satisfadory to the Mortgagee. ~ ~ i 3 a s I ~ t SIXTEENTH: This mortgage also secures any and all renewafs and extensions of the promissory note referred io heiein ond ; ~ secured hereby, ond all installments thereof, and also any other notes which have been or may be given to Me Mortgagee by the ~ ~ Mortgagor, and onr-other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed at any one time ~ ~ ----SIX - ~ the aggregate unpaid principol wm of - ~ THOUSAND THREE HUNDRED EIGHTY-FIVE & 80/100 ----_~~a~ ~s 6, 385. 80 _ ~ ~ it being the specific intention that further advances may be made by the Mortgagee at its option to the Mortgagor, either prior to ~ or after the due dotes of tfie obove referred to promissory note hereby secured; and this mortgage is given for the specific ~ purpose of securing any and all indebted~ess by the Mortgagor to the Mortgagee in whatever manner the same may be evi- ~ denced or ~epresented, until Mis mortgage is satisfied of record; and all covenants and og~eements contoined in this mortgage ~ ~ shall be applicable to all further ond future advances made by the Mortgagee to the Mortgagor and all other indebtedness of f ~ Mortgagor to the Mortgagee, and any and all renewals or exteruions thereof. ~ ~ ' Seventeenth: This Mortgage Deed and the Note it secures shall be construed only under the laws of the State of Florida. ~ ~P r~ E ighteenth: The Mortgagor shall pay all assessments and levies, including but ~ ~ ~ not limited to monthly maintenance assessments and recreation lease assessments levied ~ SY by the Condominium Association or the Condominium Developer. ~ ~ ~`z P ~ ~ ~a - - ~ ~ ~ BOOK ~ PACE ~ ~ -3- ~ v~ ~ ~ - - - _ - . _ ; - : ~ . , , _ . , . _ . _ _ w _ . . b.~