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Home My WebLink About0900 ;,,ccme, prof.~:, issues and revenues are herebr mortqoped as if specificollr se1 farth and dsu~~bed in N?e yrantin9 and hobendum clcuses hereof, and ~uch rece+ve. s1~a11 Aove o!1 the brood ond tffective funtlions an.~ powen in any wise entrusled br o carrt to 0 receivar, a~+d s~,th appointment shal) be mode by suth tovrt as on admitfed equity and a maHe~ of obsolute riqhf in fhe MOrtpo9ee, ond without referente to the cdequacy or inodequocy af the volue oF the p~opertr mo• y~aQed, or to the solver+ty or insolventp of the MongaQor ond/or rhs defendan~ und wd~ rents, profit:., income, ~swes and revenue: shall be appl~ed by N+e receiver occordin~ to the lien and/or equity of this mort9oge and fhe p?ottice of suth tourt, ond such appointment of receiver sholl be without ratite to a~y obliQor he~eunde~. NINTH: The Morfgogor herebr waives oll ~ights of homestead and exemption g~anted by fhe Conslitution ond lows of Floride. It is specifically agreed that time is of the essence in this contratr ond that no woive~ by the Mortyagee of onr obligatiw? hereunde~ or of the obligation secured hereby sholl ot ony time thereafter be held to be o woiver of the te~ms hereof o~ of the obligation secured hereby. TENTH: Upon onr sele. transfer or conveyance of the prope~ty herein described and covered br this mongage to any persoa, Rrm or ccrporation. not p~evia:~slr opproved i~ writiny by the holder of Mis mottgage, the Mortgagee or holder shall hove the right to aaelerats the n~afurity oF this mortgage os M~ough it were dve and poyable on the doy of such t~ansfer aod to demand poyment ~n fvll of the said rnorlgagt om~wnt o~ anr unpaid betance thereof, and to exercisc all the rights ond remedies herein or br low ~esened to said Mortgaqee the same as in any evant of dafoulf hereu~der, anythiog in the promissory note secured hereby or herein fo fhe cont~ory nothwiN?standiny. BEVENTH: If forec{osure proceedings of ony second nwrt~e9e or seta^d tnnt deed or ony junior (ien of any kind should be instituted, the Mortgagee mar, ot its optw~ immediately or thereafter declare fhis mo~fqage and the iodebtedness secured hereby due and poyable. TWQFTH: That in the event the premises hereby mortgoged, or ony pa?t the~eof, sholl be condemned and token for public use uoder the power of emi~xnt domain, the Mortgogee sholl have the righf to demand that all damages aworded for the toking af or damages to said premises sholl be paid to the Mo~tgagee, up ro ~he amount fhen unpc~d on M~s mo~gage ond M+e ob~i9an«, secured hereby and moy be opplied upon the poyments last poyable under this mortqage and N~e ob~i9atio^ secvred hereby. THIRTEENTH: That installments, parable under the te~ms hereof and the note secured hereby, not paid when due, sha8 be subject, afier Rfteen (15) days from the due date thereof, to, and it is agreed Mortgagee sholl collett thereon and therewith, o "late charge" in the amount of four per cent (4~) of the installment due upon eacfi such delinquent irutallment, ond wch "late chargei' are 3ecured by the lien hereof. FOURTEENTH: Without impairing the obligations of Mortgagor tontained in porographs SKOND, THIRD and FOURTH ' hereof, and for application ro the purposes thereof insofar as the same shall be sufFicient, Mortga9or sha~~, in addition to the montMy poyments of principat and interest as stated in the ori9inol note (and in the note or notes secured hereby) provided to be made, pay a monthly sum ond amaunt equal to one-twelfth (1/12) of the estimated onrwal taxes, osseuments om7 i~wrance ~ premiums upcx~ the real estate security, as the amount thereof is determined from time ro time br the Mortgagee. ~ FIFTEBrTH: That the Mortgagor sholl furnish amuallr. at the request of the Mortgagee, Anar~ial statements in form and ~ ce?tified in a manner satisfactory to the Mortgagee. ~ SIXTEENTK; This m~~t ,~ge elso seares any and all rcnewels and extensio~s of the promissory note referred to herein and secured hereby, and oll installments thereof, and also ony other notes which hove been or may be given to the Mortgagee by the Mortgagor. and any other inde'tr~..dness of the Mortgagor to the Mortgogee wFiKh, howevcr, shall ~ot exteed at any one time the aggregate ur.poid prinupal sum of' - - SEVEN THOUSAND FIVE HUNDRED and THIRTEEN and 80/10~~an (s__ 7, 513. 80 it being the spetific intention thot furthcr advances may be mode by the Mortgagee at its option to the Mortgagor, e~ther prior to or oher thc due dates of the above referred to promissory rate hereby secured; and this mortgage is given for Hne specific $ purpose of securing any and all indebtedness by the Mortgagor to the Mortgagee in whotever maro+er fhe same may be evi- # denced or ~epresented, until this mo~tgage is sotisfied of rewrd; and all covenants and agreements tontained in this mortgage sholl be applicable to all further and future advances made by the Mortgagee to the Mortgogor and all oti?er indebtedness of Mortgagor to the Morlgagee, and a~y and oll renewals or exte~ioru thereof. Sever.teenth: The Mortgagor shall pay all assessments and levies, including but not limited to monthly maintenance asgessments ar~d recreation lease assessments levied - b~ the Condominium Association or the Condominium Developer. - s - eoo~c ~1 ~sE ~Q ~ ~ ~ < ~ ~ ~ ~--~f ~ y _ ~~~~_y~