HomeMy WebLinkAbout1446 . ~ income. profils. issues ond revenves are ~ereby mort~oged OS iF fPKi`KOlly set fo.th ond destribed ~n rhe g.onring and hobendum j
clous~s he.eof, and such rece+ver shotl hove oll rhe b~oad ond effec~~~e fv~:r~o~: o~d poWe.s ~n o~r w~se enrrusred by o court ~o 0
?eteivsr. ond sutA apppintment sholl be mode by suth tourl as on odmitted equify ond o moft~r o~ obsolute righ~ in the Mo?t~a9ee.
ond withouf ~e/erente to the adequatr o~ inodequoty of ~he volue of the propertr mo~fgoged, or fo ~he solv~rxy pr insolvency Of ~
fhe Mortyo~or ond/o? the defendont ond such rents, profits, income, issues ond revenves shali be appl~ed br ~he receiver ottording
to the lien ond/o~ eqvify of fhis mo~tgo~e ond Ihe prottite of s~ch tourt, ond svch appo~ntmenf pf re~~iv~r sha~~ be v,,;~,~ ,~~~Ce
fo ony obli~or he•eunder.
NINTH: The Mor?yagpi hereby woives oll rights of homes~eod and exempr;on gra~fed by the Co~stitut;on and lows oF
Florido. It is specificallr ogreed thot fime is of the essence in rhis contrott ond that no wa;ver by rhe Morrgogee of onr obligenon
he?eunde~ o? of the ~bligotio~ secured he~eby sholl of onr time the~eaFter be held to be o waive~ of Me terms he?eof or pf the t
obligotion secured hereby.
TENTH: Upon any sele, trons(er or conveyo.+ce of the P?up~?~Y herein dcscribed ond covered by this Mortyo~e ro o~y
person, firm a co?porotion, wFwse credit-wathiness hos not been oPP~ed in wr~t~ng by the holder of ~h~s Mortgoge, the Mat~o9ee
or holder sholl have the right, ot its sole option, to occelerate the moturity of this Mwtgoge os though it were due ond poyeble
on the doy of such rronsfer, if upw~ ~ot;c~ of soid tronsfer, the Mwtyogee ar holder has 9ood reoson to believe thot the seturity ~
of the Mortyo~ee or holde, F,~s b~ a p~~ ~n !~F'a?dY- The Bonk sholl receive o complete cwrent fiooncia~ stote-
ment in o fwm ond presentot;on sotisfoctory ro•the Bonk.
QEVENTH: If forecbsure proceedingi of o~y second mortgoge or second trus? deed or ony junior Hen of onr k;nd sAo~~d
be ins~ituted, Me Mortgogee may, ot its option immediotely or thereofter declore this mortgege ond the indebtedness sccured
herebr due and poycble.
T~NBFTH: That in the event the premises herebr mortgeged, o~ ony port fhcreef, sho11 be condemned and ~aken for public
use under the powe? of eminent domain, the Mor~gcgee sholl have fhe right fo demcnd that cll damages oworded for the taking
of or domages to soid premises sholl be pcid to the Mortgagee, up to the cmou~t then unpaid oo this mor~9a9e and the obligation ~
secured hereby and moy be opplied upon ~he payments Iest pe~able undc~ this mort9o~e ar~d fh~ obliqation setured hereby.
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THIRTEENTH: Thot inslollments, payable under the terms hereof and the note secvred hereby, rwt poid when due, sholl be
subject, of?er fifteen (IS) doys f~om the due date thereof, to, and it is ogreed Morfgogee she11 tollecf thereon end fherewith, a
"late charge" in the anwunt of four per tent (4~~ of the installment due upon eoch such delinquent instollment, ond such '•late
chargei ' ore secured br the lien hereoF.
FOURTEENTH: Without impoiring the obligotions of Mortgago~ tontained in
hereof, ond for epplication to the Po?a9raPhs SECOND~ THIRD ond FOURTH
purposes thereof insofor as the same sholl be sufiicient, Mortgogor shotl, in addition ~o the
nwnthty payments of prirxipal and inte~est as stetcd in the originol rwte (and in the note or n~~~s senrred hereby) prcvided to be
made. Poy a nqnthly sum arid amount equal to one-twclfth ~1/121 of the estimated onrwal toaes, asseuments ond inwrance
premiums upon the reel estete security, os the amount thereof is determined from time to time br the Mortgegee.
' FIREENTH: Thaf the Mortgagor shall ~urnish a~n~apy~ a~ the request of the Morrgegee, Finor.ial stotemcnts in form and
cer~ified in o moneer sotisfoctory to the Mortgogee,
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j SIXTEENTH: This morfgqge also secures ony and atl renewols ond extensions of Ihe promisw
I secured hereby, ond all insfallments thereof, and a~so a~r other notes wfiich hove been or me b~ ry~~e refe?red to herein ond
~ Mo?tgogor, dnd any other indebtedness of the Mortgogor to the Mortgegee which, howevery sha~g,r~o~ ex eed a~ a~gee by the
~ r o~e time
the aggregote unpoid principa~ sum oF____
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- `I'i~Ylricnian n*m ~~~iu~_.
it being the specific intention that f~rther advonces moy be made by the Mortgogee at its oph~' ~
the M o ~
O
g~
~~~~er prior to' ~
or of~er the due dotes of the above referred to promissor y note her e b y s e c u r e d; an d t
his mortgaye is given for the specific
~ purpose o f securing enY ond all indebtedness by the Mortgagor to the Mortgogee in whatever manner ~he some moy be evi-
der+ted or represented, unf~l this mortgoge is safisfird of record; ond a11 covenonts end ag~eements tontoined in this mortgoge
" shall be ppplicable to oll further ond future advances made by the Mortgagee to tht Mor~gogor ond oll othe~ indeb~edness of
~ Morfgcgar fo fhe Mortgogee, and any cnd all renewals or exfension
~ s fhereof.
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