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Home My WebLink About1263 clc ~ncome, p~of~ts, ~ssves ond re~enues are hereby mo~tgaged as spet~~to~lY ser forlh ond desc?~bed ~n ~he gront~ng and hobendum clauses hereof, ond svch rece~ver shail have all the b?oa~ ond efiettive f~nctiO~s ond powe?s ~n any w~se entrusted by o cou?1 fo 0 rece~ver, and such oppo~~tment sholi be made by wth cou~t as an adm~tted equily and o marter o~ obsolute r~ght ~n !he MO~~gogee, and withouf referente lo ~~e adequocy or ~nodeq~ocr of ~he volue of Ihe properly mortgoged, or to ?he solventy o~ insolventy Of the Mo?tgogo~ a~d!or the defendant ond such ?ents, profits. ~r+come, isiues ond_revenues sholf be opplied by fhe reCerve? actording to Ihe lien and or. equ~ty of lhis mprtgage ond fhe proctite Of such tOurf, and svth oppo~~tmen! Of reCe~~e~ sholl be withO~f nOtite to any obl~gor here~nder. NINTH The MortgogOr'he~eby woives oll righfs of homestead and e~emption granted by the ~O~st~tution and lows ol flondo. It is speuficolly agreed thot nme is of the esserxe in rhis co~~~ac~ and thot no waive~ by the Mortgagee of any obl~gat~on hereunder or of rhe obligotion secvred ~ereby sfioll 01 otiy time thereafter be held to be a waiYer of the terms hereof o? of Ihe obligat~on secvred hereby. TEIVTH: i.ipon ony zulz, tr~nsfe? 3r tonvr~aRCe of the pr~ge?ty he?e!n descr~he~l und co~ered by this Martgoge to onv person, f~rm or corporation, whose cred~t-..orthiness hos not been opproved in wr~ring by the holder of th~s Mortqoge, the Mortgogee or hoide? sholl hove the r~ght, ot its sole option, to occelerote the maturity of th~s Mortgoge os though it were due ond poyoble on the doy of such tronsfer, if upon norice of so~d transfer, the Mortgegee or holde. Fws ga.~d reoscn to bel~eve tFwt the security of the Mortgagee or hotder hos been hormed or ploced in leopordy. The Bank shall rece~ve o complete current f~nonciol stote- ment in a form ond presentot~on sotisfoctory to the Bonk. ELEVENTH: If foreclos~re proceedings of ony second mortgage or second frust deed or aay ju~ior lien of ony kind should be instituted, fhe Morfgagee moy, at its option immediafely or thereoffer declore tfiis morfgage and fhe indebfedness setured hereby due and payoble. TWEIFTH: That in the evenl fhe premises hereby morfgaged, or ony part fhereof, sholl be tondem~ed and token for public use under the power of eminent domoin, the Mortgogee shall have fhe right to demand thot oll damages owarded for the toking ~f ~~~~~~~e~ s~i~ p:r::::s~s sh~!! be !h•_ Mnrt~~a~p; uo to the amounf ihen unpoid on Ihis mort4age and fhe obligation setured hereby ond moy be opplied ~pon the poYments last peyable unde~ this mortgage and the obligotio~ setured hereby. I THIRTEENTH: Thot installments, poyoble under the terms hereof and the note secured hereby, not paid when due, shall be s~bject, ofter fifteen (15) doys from the due date fhereof, to, ond if is agreed Mortgagee shall collect thereon and therewith, a "lote charge" in the amount of four per cent (4Qfa) of the insfollment due ~pon each such delinquenf insfallment, ond such "late chorges" are secured by fhe lien hereof. ~ FOURTEENTH: Without impoiring the obligotions of Mortgagor tontoined ~n paragrophs SECOND, THIRD and FOURTH hereof, and for oppiicafion to the pu~poses fhereof insofor os fhe same shall be sufFicient, Mortgagor shall, in addition to the ~ monthly poyments of prirxipal ond interest as sfated in the originol note (and in the note or notes secured herebr) provided to.be ~ made, pay a monthly sum and amount equcl to one•twelfth (1 '12) oF the estimated annual toxes, assessments and insurarxe t premiums upon the real esfafe securify, as the amount thereof is determined from time to time by the Mortgagee_ s ~ ~ FIFTEENTH: That the Morigagor sholl furnish ortnually, ct the request of the Mortgogee, finon:iol statements in form ond € ~ certif,ed in a manner satisfoctory to the Mo~tgagee. ~ € ~ ~ SIXTEENTH: This mortgoge also secures any and elt renewals and extens~ons of the promissory note referred to herein ond ~ secured hereby, and all installmenfs thereof, and alw any other notes which have been or may be given to the Mortgagee by fhe ~ Mortgogor, ond any other indebtedness of the Mortgagor to fhe Mortgagee which, however, shall not exceed at ony o~e time ~ the aggregote unpaid prirxipal sum of _ - - ~ ~ _----------FIFI~I Z~IOLJS~ND arxi n%c--- 15,0OO.OQ - _ _ Dollors (S _ ~ it being the specific intention that fu?ther advances may be made by the Mortgagee at its option to the Mortgagor, either prior to ~ or ofter the due dates of the above referred fo promissorr note hereby secured; and this mortgage is given for ihe specific ~ ~ purpose of securing any ond all indebted~ess by the Morfgagor to the Mortgagee in whatever monner the same may be evi- ~ derxed or represented, ~ntil this mortgoge is satisfied of retord; and all covenants and agreeme~ts contoi~ed in this mortgage sholl be applicable to all further and fufure advances made by the Mortgagee fo the Mortgagor ond all other indebfedness of c, ~ Mortgagor to the Mortgogee, and ony and oll renewols or exfensions thereof. :s 3 S ~`y BOGX~J~ VAGE~2V~ t~z ~;z - 3 ~ . _ - _ : : ~ i~~~ . 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