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Home My WebLink About0677 't i ;ntome~ profits~ issues ond ~evenues ore he?eby mottgo9ed os if spetitkally sN forth cnd deu~ibed in the 9rontin9 ond habendum ~ clo~ses he~eof, ond such receiver sholl hove all the brocd and •ffective fw+dions ond powen in any wis~ ~ntrusted by a court to a ~ receiver, ond wch oppo~ntment shall bt made by suth court as on admitted equity ond a matfer of obsolute riqht in the Mo~tpa~ee, i cnd witlwut reference to the odequacy or inodequacy oE the volue of the p~opertY na~tqayed, o~ to th~ solvencr or insoive~+cy of th~ Monpoyor and/or the defendant ond such rents, profits, income, issues ond revenues shall be applied by the reteiver atcordinQ to the lien cndlor equity of this mon~ay ond the prattits of suth tourl, ond wd~ oppointment of receiver shofl b• wiM~out notice ro anr oblipo~ M~eu~der. ` i ; NINTH: The Mo?t9asor hereby waives all ri~hts of homestead and exemption ~~anted by the Constitutwn and lows of Fb?ido. h is specificolly c~reed Mat time is of the essence in this controct and N+ot no woiver by N+e MoN9a9ee of aoy obliyotio~ ; he?eunder or of Me obli~o!ion secvred hereby sholl at onr time th~reafter be held ro be o woiver of Me terms hereof or of the ~ t obligotion seco~ed herebr. ~ k TENTM: Upon any sole, tra~sfe~ or conveyonte of the prope~tY herein desuibed ond oovered by this nart~a~e ro any penon, Rrm o~ corporation, not p~ev'wutly opp~oved in writin~ by 1he holder of this mortga~e. fhe Mortgoqee o? holde~ shall hove the ri~ht to auele~ote the maturity of this nartgo9e as Hav~h it were due and poyable on the dar of sud+ transfer and to demo~d , poyment in full of the said nad~oye anaunt or an~r unpaid bolance thereof, and to exerase oll the riqhb ond remedies herein w by law reserved ro mid Mo~tqaqee the same os in any event of default hereunder, enythin~ in the promissory ~+ote secured he~ebp or he~ein to Me contrary nothwiMstandi~q. QEVENTH: If foreclosure proceedings of any setoe+d nw~t~e~e or sacond tnnt deed o~ anr junior lien of anr kind should be instituted, the MoAye~ee moy, at its option immediately or fhereofter dedore this na~tya~s ond Ihe indebted~ess secured hereby dve and payoble. t TWgFTH: Thot in the event the premises herebr na~t~aged, or any po~t lhereof. sholl be ~ondem~ed and token for publit use under Me power of eminent domoin, the Mo?tgogee sha~~ hove the right to demand thot ail dama~es awarded for the taking ; of or domages fo seid premises shoU be paid to the Mort9o~ee, up fo the anau~t Men unpoid on ihis mortqage orsd the obligation i secured hereby ond may be applied upon the poymenfs last paroble under this nw~t~a~e and the obliqation sacured herebr. THIRTEENTH: Thot installmenh, payable undec the tem?s hereof and the note setured he~ebr, not paid when due, shol) be subject, oher fiNeen (1S) days from the due date thereof, to, anc! it is agreed Mort~agee sholl_ooilest thereon ond therewith, o "late charge" in the onaunt of four per cent (4~) of tbe installment due upon ead~ such delinquent u~stallment, and such "late chargei' are secured by the lien hereof. FOURTEENTM: Without impoiring the obliqatioes of Mortyagor con?oined in paragraphs SECOND, THIRD and FOURTH r hereof, and for applicotion to the purposes N~ereof ir~sofcu es the same sholl be wfFicient. Mort9agor sholl, in addition to the ~+~Y PdY~nts of pri~cipal ond interest os stated in the ori9inal note fand in the note or notes sea~ed hereby) provided to be mode. Per o monthhr sum and amount equal to one-twelfN~11/12) of the estimoted omual taxes, auessmeMs ond inwrance premiums upon the real estote sewrity, as the anaunt tiyereof is determi~ed from time to time by.the Mortgagce. ~ ~ E FIfTEENTH: That the Mortgogor shall funwsh amually, at the request of the Mortya~ee, flna~ial statements in form and ~ certified in a monnar satisfattory to the Mortgegee• - ~ - ~ _ SIXTEENTH; This mortgaye clso sewres any and all renewals and externions of the promissory note referred to herein and secured hereby, and all installments thereof, and olso anr other notes which hove been ot moy be given to the Mortgogee by the Mo~tgogor, ond any other indebtedness of the Mortpa~w to 1he Mortga9ee which, however, shall not exceed at any one time ! i ' the ag~regafe unpoid princip.al wm of ------SIXTEEN THOUSAND FIVE HUNDRED & NO/100--_ po~~cn (i 16~500. OQ ~ it beiny the specific intention that further advances may be made by the Mortgagee at its option to the Mort9ayor, either prior to or aher the due dates of the obove referr~d to promissory note hereby secureds and this nwrtgage is given for the specific purpose of securing ony and all indebtedness by the Mo~tyaqor to the Mortgaqee in whatever manner the some may be evi- denced or represented, until this mortgaqe is sotisfied of reoord; and ell aovenonh and a~reements contained in tM; mortgoge shall be opplicable fo oll funher and future advances made br the Mortgayee to the Mo?fgoQor and all other indebtedness of Mortgagor to the Mo~tgagee, a~ any and all renewols or extensans H~ereof. Seventeenth: The Mortgagor shall pay all assessments aad levies, including but not limited to monthly maintenance assessments and recreation lease assessments levied by the Condominium Association or the Condominium Developer. ' - , ; t g4~233 PACE -3- - - _ _ ~ ~ ~ ' .~~4~~~"~-~'r _ ~ x~~°~~ _ ~,~.~v-~,~ ~ ? . a_ ~ ~ .