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income, profits, ~swes and ?e~enues ore hereby mo~?goged as ~f specifitaily se~ forth and desa~bed ~n rhe g~a~nng ond habend~m
clouses hereof, ond svch ?eceiver sholl hove o11 rhe b.ood ond effective functions and powers ~n any w~se entrus~ed by a covrt to a
reteive?, and suth oppo+niment sholl be mode by suth courl os on odm~lted equity and o mattc? oF absolufe r~ght in fhe Mortgagee,
ond w~fhouf ~efe?ence ro the adeq~ocy or inodequaty of !he value Of the property mo?tgoged, or to the solvency or insolventr of
the Mortgogo~ and/or the defendanf ond such ~ents, profts, income, ~ssues and ~evenues sholl be applied by the reteive? atcording
to the lien and or equity of rhis mortgoge ond fhe proctice of such courf, ond such oppo~ntment of rece~~er sholt be wilhout notice
to ony obl~gor he~e~nder.
NINTH: TAe Mortgogo? hereby waives all rights of homesteod and eaemption gronted by the Co~s~iturion ond lows oi
Florida. It is speuficolly ogreed that t~me is of the esser+ce in this contract and fhot no w~;ver by the Mortgagee of ony obligat~on
he~e~nde? o? of the obligo~ion secured hereby sholl ot ony ~ime ?hereafter be held to be o wo~~e? of tMe terms hereof o~ of tht
obligation secured hereby.
TENTH: Upo++ a~Y sa~e, tronsfer or conve~•once of the property herein descr~bed ond covered by th~s Mortgoge to onv
person, fum or corporotion, whose cred~t-wo?thiness hos not been opproved in wnting by the holder of th~s Mortgoge, the Mortgogee
or holder sholl hove the right, ot its sole option, to occelerate the n+oturity of this Mortgoge os though it were due ond poyeble
o~ the doy of stxh tronsfer, if upon nofice of soid tronsfer, the Mortgogee or holder hos good reo~on to brlieve thot the seturity
of the Mortgogee or holder hos been harmed or placed in jeopordy. The Bonk sholl receive o complete wr.ent fino~clol . stote-
ment in o 4orm ond presentotion sotisfoctory to the Bonk. -
QEVENTH: lf foreclosure proceedings of onr second mo?tgage or second trusf deed or ony junior lien of ony k~nd sAould
be inst;tuted, the Morfgogee moy, of ifs opfion immediofely or thereaffer declare fhis mortgoge ond the indebtedness setured
hereby due ond payable.
TWEIFTH: Thot i~ Me event the premises hereby mortgaged, o? any part thereof, shall be tondemned and taken for public
u~e under the power of emine~t domain, the Mortgagee shall have lhe right to demond thot oll domoges awarded for rhe tcking
of or domages ~o said premisas sholl be paid fo the Mortgagee, up to the omounf then unpaid o~ this mortgoge ond the obligotion
stcured hereby and moy be applied upon the payments tast poyable unde? this mortgoQe and the obligafia~ sc~~red hereby.
THIRTEENTH: That installme~ts, poyoble under Me ferms hereof ond the note secured he~ebr, not poid whcn due, shall be
subject, after fifteen (15) days from the due date thereof, to, and it is ogreed Mortgogee sholl collect thereon and therewith, a
"lote chorge" in the amovnt of four per cent (4~) of the installment due upon eoch such delinquent instollment, ond such "lote
charges" are setured by fhe lien he~eof.
FOURTEENTH: Without impoiring the obligotions of Mortgagor tontained in paragrophs SECONO, THIRD and FOURTH
hereof, end for oppiication to the purposes thereof insoFar as the same shall be sufFicient, Morfgegor sholl, in addition to Me
monthly payments of principof and interest os stated in the originol oote (and in the note or rwtes setured herebr) providrd to be
made, par a monthly sum and amount equa) fo one-twelfth (l,l12) of the esfimafed anrwal foxes, ossessments u~d insurorxe
premiums upon the reol estate security, o: the amount thereof is determined from time to time by the Mortgagee.
; FIFTEENTH: Thot the Mortgagor sholl furnish annually, ot the requesf of the Mortgagee, finon:iol sfatements in form ond
certified in o monner satisfoctory to the Mortgagee.
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~ SIXTEENTH: This mortgage also secures any and all renewals and extensions of the prom~ssory nofe referred to herein ond ~
~ secu?ed hereby, and all installmenfs thereof, and also any other notes which have been or moy be given to the Mortgogee by the ~
i Mortgogor, and anr ofher indebtedness of the Mortgagor to the Mortgogee whic~,, however, sholl not exceed af ony one time
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~ the oggregofe unpaid prirxipal sum of _ - _ -
~ FIFI'Y
EIC~3'P 'gi0[)SAI~ID~ FIVE HtR~ID~ AND ND/100---- pollars ~S 58i500.00
~t being the specific ~ntention thot funher advonces may be made by the Mortgagee at its option to the Mortgogor, either prior to
~ or ofter fhe due dates of the obove referred fo promissory nofe hereby secured; and this mortgoge is given for the specific
~ purpose of setvring ony ond atl indebtedness by the Mortgagor to the Mortgagee in whotever monner the same may be evi-
denced or represented, until this mortgoge is sotisfied of record; and all tovenants ond agreements contained in this mortgage
~ shall be applicoble to all further and future advarxes made by the Mortgegee to fhe Mortgogor ond all other indebtedness of
~ Mortgogor to the Mortgagee, and onr and all renewols or extensions the~eof. ti
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~ . Zllis Nbrtgage Deed and the Note it secures shall be oonstrued only
- ~der the laws of the State of Florida.
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~ ao~K239 ~ACE 93
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