HomeMy WebLinkAbout0773 incwne. profits, ~ssves and revenues ore hereby n+or~poped os if sp~cificallr set io?th ond described in Me 9?ontin9 and hab~ndum
clous~i h~reof, ond such ?ece~ver sholl hovc all the.~rpod and effec~ive fw+ct~ons and powen in cnY wi~e entruslsd by o couh to a
rete~vtr~ ond suth oppo~n~ment shotl be mode by s~,c~i court os on odmit~ed eqvitr ond o motte~ oF obsoiute riqht in the MortQo~e~,
ond wiM+out rsference ~o M~ adequacy or inodequocr ot the volue of the p~ops?tr mortgoqed, or to the solvency or insolv~nqr of
the Mortqopo? ond/or Me defendant ond wch rents, profits, incoen~, issves ond r~venues sholl b~ applied br the ~~c~iver otcordinp
to fhe li~n and~o~ equ~ty of this nanqaqe o~d Me proc~Ke of wch cou?f, and such oppointn+en~ of rete~ver shall bt withouf notia
ro anr obti~or he~eunder.
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NINTH: The Mo~tqayor her~by woives all ri~hts of homestead o~d exemption qronted br th~ Cons~itution ond tows of
Florida. N i: spec~fKOlly aqreed thot t~me is of tl?~ essence in this cont.oct and Mot no woive~ by ~he Mo?tqaqee of ony oblipo~ia+
Aereunder or of the obli~or~on secured hereby sholl ot any tims thereafler be held to be a woiver of Me ~erms hereof or of Me
obli~ation secured herebr. •
TENTH: Upon ony sote, trensfer a conveyonce of the p.operty herein described ond co~iered by this Mortqope to oMr
peaw+, firm or corporotion, whoae tredit-worthinesx hos not bee~+ opproved in writinp by the hoWer of this Matpo9e, the Mortpopet
or holder sholl have the ripht, ot its sole optian, to occelerote the moturity of this Mo?t~e as thaqh it were due ond poyoble
on the doy of such tronsfer, if upon notice of soid trorufer, the Mat~o~ee or holde~ hos ~ood reoson w believe thot the secu.ify
of tl+e Mortqo~ee o. holder hos been hormed a ploced in ieopordy. The 8onk sholt receive o canplete curre~t finonciol stote- ,
ment in o fwm onA presentation sotisfoctory to the Bonk.
QEVENTH: If fo?etbwre p~oc~edin9s of onr second naN9o~e a second tn?st deed or ony jw»w lien of ony kind should
be insfitufed, the Mort~a~ee n+ay, at its option immtdiatelr or Mereoher declare this nartqaqe and Me indebtedness sacured
he~~br due and poyable. '
TWBFTH: That in .the evenf the premis~s hereby mo?tqaq~d, or any pan M~~eof, shall be condemned and taken for public
use unde~ the power of eminent domain, Me Monqa~ee sholl hove the ri~ht ro deewnd Mat all donw~es awarded for Ihe takinq
of o? doma~es to said premise~ sholl be poid to the Mortpapee, up to the onaunt Men w~poid on this nwrtpo~e ond Ihe obli~ation
seturad hareby ond n+oy be epplied upon th~ por~nenls lost peroblt under NNS mort~ope and the obli9ation setured hereby.
THIRTEENTM: Thet i~utallments, porable under fhe tern+s hereof oed 1he nofe secured herebY, not paid when dve, sholf be
subject, oher fifteen I1S) doys fran fhe due dote Ihereof, to, aed it is a~reed Mo~tqa~ee shall collect thereon and the~ewith, o
"tote cho~~e" in the anaunt of four per tent (4~ of fhe ir~tollnMnt due upon each such delinquent Mstallment, end wth "lots
charqes" are secured br the lien h~reof. _
FOURTEEt~tTH: Without en~irinp the obli9otio~s of Mo.t~o~w contoined in porogrophs SECONDj THIRO a~d FOURTH
hereof, ond for opplicotion to the pu~pos~: fh~reof insofor as tM same shall be wfFicient, Mo~t~a~ shall, in oddition to the
moMNr pcymer~ts of prinapol and interest os stated in the ori~inol note (and in the note or notes :etured herebr) provided to be
I nwdt, Poy a nanthtr swn and onwuM ~quol to one•twelfih (1/12) of the estimoted amuol rox~s, as:essrne~ ond i~uuronu
premiums upon the reol estate securiry, as the anauM thereof is dettrnwned from time to time br the Mo~tQaqee.
HFTEENTH: nw~ ~he Men~aoor shou fv?~sh a~+m,aur, ot ~he request of the Mo~t~ayee, fina~al statements in form and
certified in o ewnner sotisfadory to the Mortpa~ee.
SIXTEENTH: This n+on~o~~ also saoures onr ond all re~ewols cnd extensions of the promissory nofe refe~red to herein and
securcd hereby, ond oll irntallmen?s thereof, and olso anr other notes which hove been w moy be given to the Mwt~a~ee br the
MnrtQaqor, and anr other indebtedness of the Mo~tqa~or to IM Mort~a~ee which, however, sholl not cxceed at ony one time
the aq9regote w~poid principal wm of -T_~~ SIX THOUSAND SEVEN HUPIDRED AND NO/100-
- - Dollon (S 26, 7aD. QD_
it beinq the specific intention thet furlher advances nwy be mode by the Mort9o9ee at its option to the Mort9opor, eithe~ prior to
or oher the duR dotes of the above :aferred to promissory n~te hereby secured; end this mortpo~e is qiven fo? fhe specific~
pu~pose of securin~ anr and all indebtedness by the Mort~aqo? to the Mort9a9ee in whatever nwnner the some mor be ew-
denced o~ reprssenfed, until this mort~oQe is satisAtd of retord; ond all o~venonfs ond a~reeinents contoined in this mort~a~e
shall be opplicable to all fu~ther and future odronces nrode by the Mortqayea ro the Mortqoqor ond all other indebtedness of
Mort9apor to fhe Mort~o9ee, and onr ond all r~newals or exte~ans thereof.
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