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Home My WebLink About0624 i ~ . ~ . ~ income, p?of~ts, iss~es ond revenues ore herebr mortgaqed os if specii'KOlly set fo?th and described ~n the yrontinq ond hobendunn ; clcuses Ae~eof. ond such receiver sholl have oll ~he b?oad and effedive functions and powers in any wise e~trusted by a covrt to a receiver, ond such oppo~~tment sholl be mode by such court as an admirted equity and o malter of obsolute righ~ in Ihe Mortgagee, and withoul reference ro the adequocy or inadequocy of the volue of the property mortqoqed, or Io the solvency o~ insolvencr of the Mo~fyogor and/o~ fhe defendonf ond suth rents, profits, ir+toms, issues and ~e~enues sholl be applied by the receive~ ottording to tF+e I~en ond~or eqvitr of ~his mo~~gaye and ~he p?ac~ice of such court, and such appoinlment of reteiver s~atl ba withouf notite i t to ony obligor hereunde?. ~ NINTH: The Mortgagor hereby woives all rights o+ homestead cnd exempt~on grcnied br the Constitution ond lows of ~ florida. It is speuficollr agreed thot time is of Ihe essence in this controct ond thet nc+ woivei by rhe Mort~ogee of any obligot~on ; hereunder or of the obligation sctured hereby shall at any time thereafter be held to be o waiver of the te~ms hereof or of ~he ~ ~ obligotion secured hereby. ' TENTH: Upor+ onY sole, t~ansfe~ or co~veyoir?ce of the property herein described ond cove.ed by this Mo?tgofle to ony person, firm o? torpwotion, whose tredihwathiness hos not bee~ opproved in writing by the holder of this Mwtgoge, the Mortfloqee d or hotder shall hove the right, ot its sole option, to occelerate the moturity of this Mortpege os though it were due ond poyoble i on the doy of such trons(e~, if upon notice of soid tronsfer, the Mortgopee or holder hos good reoson to believe thot the setwity of the Mortgoflee a ho~der hos been ho~med o? P~o~ed ~n jeopordy. The Bo~k sholl receive o complete current finonciol stote- rr+ent in o form and presentotion sotisfxtory to the Bonk. ftEVENTH: If forecbsure proceedings of any second mortgage or second frusl deed or any junior lien of any kind should bc instituted, the Mortgagee moy, ot its option immediotely or thereofter detlare this mortgape and the indebtedness setured hereby due and poyoble. TW~FTH: That in Me event the premises hereby mo~tgaged, or any pan thereof, shall be condemned and taken for public use unde~ the power of eminent domain, the Mortgagee shall have the right to demond thot oll damcges aworded for the taking of or damages to said premises shall be paid to the Mort~agee, up ro the amount then unpaid on fhis mortgage ond the obligotion secured hereby and moy be applied upon fhe parments lasf porable unde? this mortga9e ond the obligation secured hereby. THIRTEENTH: Thot installments, poyable under Me fenns hereof and the note secu~ed hereby, not paid when due, shall be subject, ofter fifteen ~15) days from the due dote thereof, to, and it is agreed Mortgagee shall collect thereon and therewith, a "lote charge" in the amovnt of four per tent (4~) of the installment due upon each such delinquent instollment, and such "late charges" are :ecured by the lien hereof. FOURTEENTH: Without impoiring the obligotions of Mortgagor tontained in paragraphs SECOND, THIR~ and FOURTH hereof, and for opplicotwn to the purposes thereof insofar as the same sholl be sufficient, Mortgogor shall, in addition to the ~ ~ monthly Payments of prinapol and interest as stated in the ori~inal note (and in the rate or notes secured he?eby) provided to be ~ ; made, por a monthly sum and amount equol to one-twelfth (1/12) of the estimated onnuol texes, cssessmeMs ond iruurance i premiums upon the reol estate security, as the amount thereof is determined from time to time by the Mortgagee. i t ; HFTEENTH: Thaf Me Mortgogor sholl furnish annually, ot fhe request of the Mongagee, Anan;ial statements in form and ~ ce~tified in a manner sotisfactory to the Mortgagee. ~ SIXTEENTH: This mortgage also secures ony and all renewols ond extens'wns of the promissory note referred to hcrein and € ~ secured hereby, and all installments thereof, and also anr other notes which have been or may be given to the Mortgogee by the Mortgagor, a~d onr other indebtedness of the Mort~ogor to the Mortgagee wFiKh, however, shall nol exceed at any one time the oggregote unpoid principol sum of-------------------------------------------------- Ti~:NTY _ ONE SHO(ISAND AND NS?f~Q4---- Dollan (S .21 ~~00_..QQ_ l. it being the specific intention that furfher advonces may be made by fhe Mortgagee of ifs opfion to the Morfgogor, either prior to or ofter the due dates of the above referred to p~omissory note hereby secured; and this mo~rtgage is given for fF?e specific ~ purpose of securing any and ol! indebfedness by the Mortga~or to the Mortgagee in whatever manner fhe same mor be evi- - denced or represe~ted, until this mortgage is satisfied of retord; ond alt covenonts and ag?eements contained in this mo~tgage ~ sholl be applicable to all further and future advances made br the Mortyogee to the Mortgagor and all other i~debtedness of Mortgagor to the Mortgagee, and any and all renewa{s or e~ctensions thereof. ~ ~ ~ S~H: T'his Mart~gage is subject to all the tern~s of a Loan Aqree~nt, of even date, the same as if said agreanesit was set aut herein in full. ~ - . ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ F~ ~ 0 ~ . ~ ~ - 3 - eooK2~ Pac~ 6z~ ~ ~ ~ ~ . _ _ _ . .