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Home My WebLink About2617 4 I income, profits, ~ssues and revenues ore ~e~eby mortgoged os if speciFKally set forfh ond destribed in the grontin9 ond hobendum clouses hereof, and such receiver sholl hove oll the brood ond effective func?~ons and powe?s in any wise e~trusted 6y a covrt to a ~eteiver, and such oppointment sholl be made by suth courf as an admitfed equify and o matte? of obsolufe right in Ihe Mortgagee, ond without ~efe~ence to fhe adequoty or inodequaty of the value of fhe property morfgoged, or to the solventy o~ insolvency of the Mortgagor and/or the defendant ond such re~fs, profits, income, issues and revenues sholl be applied by fhe ?eteiver atcording j to the lien ond~or equity of this mortgage a~d the proctice of such court, ond such oppo~ntment of receiver :hall be without notice ~ ?o any obligor hereunde~. NINTH: The Mo?tgagor hereby waives oll rights of homesfead and exemption gronted br the Constitution and lows of florida. It is specifically agreed thot time is of the essence in this contract and thot ~o woive~ by the Mortgagee of any obligation hereunder or of the obligotion secured hereby shall 01 any time thereafter be I+eld to be a woiver oi the terms hereof or of the obligatior? sec~red hereby. TENTH: Upon any sole, transfer or tonveyance of the property herein dexribed and tovered by this mortgage to any person, firm or corporatior+, not previously approved in writing by the holder of this mortgege, ~he Mortgagee or holder sholl have ~ the right to occelerote the maturity of this mortgagc as though it were due and payeble on Me day of such t~ansfer ond to demand payment in fvll of the said moAgage amounf or ony unpaid balance fhereof, ond to exertise all the rights and remedies herein or by low reserved to said Mortgogec fhe same as in onr event of defoult hereunder, anything in the p?omissory note :ecured hereby or herein to the contrury nothwithstanding. .BEVENTH: If foretbsure proceedings of ony setond morfgoge or setond ?rust decd or any junior lien of any kind should be instituted, the Mortgagee moy, at its option immediafely or thereafter declare this mortgage and the indebtedness secured hereby due ond payable. ~ TWEIFTH: Thot in thc event the premises hereby mortgaged, or any part thereof, shall be condemncd ond taken for public use under the power of eminent domain, fhe Mortgagee shall hove the right to demond that al) damages awarded for the toking of or domoges to said premises shall be paid to the Mo?tgagee, up to the amount ihen unpaid on this mo?tgage and the obligation secured hereby and may be applied upon the payments last payoble under Mis mortgage ond the obligation secured hereby. _ THIRTEENTtI: That instollments, payoble under the temu hereof and the note secured herebr, not paid when due, shall be ~ subject, ofter fifteen (15) days from the due dote thereof, To, and if is agreed Mortgagee shaN collett thereon and fherewith, a "late charge" in the amount of four per cent (4~) of the installment due upon each such delinquent installment, and such "lote charges" are secured by the lien he~eof. FOURTEENTH: Without impairi~g the obligations of MoAgagor contained in paragraphs SECOND, THIRD and FOURTH hereof, ond for opplicotion to the purposes thereof insofar as the same shall be sufficient, Mortgagor shall, in addition to the > monthly poyments of principol ond interest as statcd in the original note (ond in the note or notes secured hereby~ provided to be made, pay a monthly sum ond amount equal to one-twelfth (1/12) of fhe estimated aruwat taxes, ossessments o~d insuronce premiums upon the real estate security, ns the amount thereof is determined trom time to time by the Mortgagee. ~ FIFTEENTH: That the Mortgagor shall furnish onnually, at the request of the Mortgagee, finon:ial statements in form ond E certified in a manner satisfattory to tht Mortgagee. - ~ i ~ ~ ~ SIXTEENTH: This mortgage also secures any and all renewals and extensions of the promissory note referred to herein ond secured herebr, ond all instollments thereof, and also any other notes which heve been or moy be given to the Mortgagee by the s ~ Mortgagor, ond ony other indebtedness of the Morfgagor to fhe Morigogee which, however, sha~l not exceed ot any one time s ~ the aggregote unpoid printipal sum of ~ - - - - - Z~iDUS~1I~ID 1,I~ID NO/144------- - - - - - Do11an (S 2U~QOQ.00-_ 1. it being the specific intention thal furfher advances moy be made by the Mortgagee ot its option to the Mortgagor, either prior :o or ofrer the due dates of the above referred to promissory note hereby secured; and this mortgage is given for the specifx ~ ~ purpose of sec~ring ony and all indebtedness by the Mortgagor to the Mohgagee in whatever manner the same may be evi- ~ de~ced or represented, until this mo?tgage is safisfied of record; ond oll .covenants and agreements tontained in this inortgage ~ sholl be applicoble to all further ond future advances made by the Mo?tgagee to the Mo?tgogor and all other i~debtedness of ~ Mortgagor to fhe Mortgagee, and any ond all renewals or extensions thereof. ~ ~ 'i SE.VFNi~Ti~t : This Nbrt~gage is subj ect to all the texms of a Co~stnaction ivan x~ Agreement, of even date, the same as if said agreem~t was set out herein in full. ~ - , ;r ~ ~ ~ :!e ~ ~ ~ - .x5 M ~ ~ ~ ~ ~ ° ~ z3s PA~fzs14 640K ~ -3- ~ ' ~ ~ - ~ _ . _ _ _..r~~