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~ncon?e, prof~ts, ~ssues ond ~evenues ore hereby nw~t9oped os if spttifKOlly set (o~M and dturibed in th~ p?ant~np ond hob~ndum
clousei h~?eof, ond such ~eceive~ shall hove oll the broad and ~ffective funttions ond pow~rs in ony wis~ ~n~r~,r•d br a coun ~o a
rece~ver, ond sutA oppointme~t sholl be made br suth tpurl os on adn?itted equily and c motter of absolute ~ipht in Ih~ Mortqop~~.
ond withoul ~eference to the adeqvacy or inadequocr of the vatve of ths p~operlr n?p?Ipoqed, or fo the wlv~ncy or insolvency of
the Mortqaqor end/o~ rhe defendaet ond such ren~s, proi'~t}, income, issves ond r*venu~s sholl be oppl~ed by the ~~c~~ver acco~din~ ~
to the lien and~or eqvity of thii mo.tqo~e end tAe proctice of such covrf, ond svci? oppointment of receive? sholl be wifFW~1f nOtK~ }
to anr obli~or hereunder.
NINTH: The Mor~goqor Aerebr waives o!1 ~i9bts of homestead and exen+p~io~ qranted by the Con~titution ond laws of
Florida. 1~ is speciFically oQ~eed thot t~me is of ~he esse~+ce in this cont~oc~ o~d that no woive~ bY Me Mortpaqee of ony obli~et~
he?eunde? or of the obliyotion setured herebr sholl ct onr fime Merepffer be held to be o woiver of Me terms hereof o~ of ~he
oblipotion secured hereby.
TENTH: Upo~ any sole, tronsfe~ w conveyonce of the property herei~ described ond covered by this Mat9o~e to ony
person, firm w co?pwotia~, whose tredif-wo?thineu hos not been opproved in writinp by the holdet of this Mortflo9e, the Mort~o~ce
w holder sholl hove the riyht, ot i~s sole optian, to accelerate the moturity of this Mwt~oqe os thaqh it were due and poyoDle
on the doy of such tronsfer, if upo~~ notice of wid tronsfer, the Mut~oflee a holder hos ~ood reasan ro believe thot the secwity
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of the Mort9oflee w holder hos been hormed or ploced in jeoporc}y. The Bonk shol! rrceire a complete cwre~nt firwnciol stote-
ment in o fam and presentotion sotisfoctory to the Bonk ,
REVENTH: If fo~eclosure proceedin9s of onr satond mort~aqe or seco~d tnnf deed or onr junior lien of ony kind slwuld
be i~stituted, the Mo~tgoqee moy. ot ih option immediatefy or Ihereaher declare this nwrt9aQe and the indebtedness secu?ed
hereby due ond payabte.
TWaFTH: That in the event the premises Mrebr nwrtpe~ed, or onr parf Mereof, sholl be condenw~ed o++d faken far publit
use w?der the power of emi~eet donwin, the Mort~apee shoq have the ri~hf to demar~d thot oU damopes oworded fw the toking
of or domoyes to soid premises shal) b~ paid to fhe Mortpapee, up to M+~ cnaunt fhen unpcid on fhi: nwrt~o9e and the obl;qot;on -
secvred hereby ond moy be opplied upon fhe poyments losf payoble under thi~ morfqaqe ond the oblipotion s~cured M~eby.
THIRTEENTl1: That instollments, payable under Ihe tern~s hereof ond the note setured hereby, eot poid when due, shall be
subjed, after fiheen (15) doys from Ms due dot~ thereof, to, ond it is e~reed MoRqo9ee she~~ cdlact thereon ond ther~with, o
..late charge" in the amovet of fou~ per tent (1~ of the iestallrt~ee~t due upon each such d~linquent instollment, and such "late
charges" are secured by the lien hereof.
FOURTEENTM: Without impoiring the obliyotioos of Mort~opor contoined in poro~rophs SECONO, THIRD and FOURTH
he~eof, end for applicotion to the purppses th~reof i~uofar os the same sholl be wlFicient, Mortqeyor sholl, ie odditioo to M?e
montMy pormenis of principol end iMere:t es stoted i~ the oripinol note (and in the note or notes secured hereby) provided to be
made, pay a nwnthly sum ond anwunt equal to one-twelfth (1/12) of fhe estinwfed arwwal taxes, assesiments ond inwronc~
premiums upae the ~eal estate security, os fh~ amount thereof i: detern~ined fran time fo tima br the Mon~eyee,
HFTEENTM: Thot the Mon9agor shcll fun+ish annuolly, ot the request of the Mortga9ee, Rrwrxial stotements in form and
certified in a manner sotisfoctory to the Morfqo~ee.
SIXTEENTH: This nwrt~oQe also sear?es ony and oll ra~swols and extensia~s of the pranissory note ~eferred to herein ond
secured hereby, ond all installments thereof, and also ony other ~otes whid~ hove been or mar be given to the Mortyaqee by the
Mortgogor, and any other indebtedness of the Mort~aqor to the Nb~t~oQee which, however, shoN not exceed at onr one time
~he oggregate unpaid printipa! sum of
_ -Z4~'i'Y-FIVE TH~IS~1r,~D ~~~1^~? _-----Ddlon (S 35~OD0.00----- l,
~t being the speciPic in~ention thet further odronces mar be made br the Mortpo~ee at its option to the Mo~t~a~or, either p~ior b
or oher Me due detes of the above referred ro promissory nofe herebr secured; ond this mortgoge is ~iven for fhe specific
purpose of seturing ony o~d cll indebtedneu by the Mort~o~or to the JNort~a~ee in whatever manner the same mcy be evi-
denced or represented, until this nwrt~ape is satisRed of recordj and aU oov~nonts and op?eements contoined in fhis nwrt~e~e
shati be oppticabte to all further ond future advancts mode by Hte Mortqoqee to the Martpoaor or+d oN other indebtedness of
Mortgogor to the MortgaQee, and anr cnd ol! renewcls or exte~aions Mereof.
: This l~brtgage is subject to all the tenns of a Co~~structial Ivan
Agresnent, of even date, ttye saane as if said agr+e~nent was set aut herein in full.
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. ~ . 243 P~.;=i7(~fi
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