HomeMy WebLinkAbout0338 incoe~, proAh. iuWf Ond ?~vf~u~f Or~ A~?.by n+ohaaped a~ il tpetifitclly ~tf iorlh and d~stribed ~n th~ p~ontin~ ond hob~ndun~
clou~s !»?~of, ond wth ~~ttiv~~ shall hov~ oll th~ brpod ond effeclive fw+ttion~ ond powen in anr wis~ ~nlrvst~d br o touA to 0
~~t~iv~?, and wdi appoiMn~nt sholl be mode by iuch cou~~ os on odmitt~d ~qvit~r ond o nwtter of obsolvl~ ~iph~ i~ IM MoNpoqs~,
ond wiMout r~f~r~nc~ to M~ od~quatr o? inodequocy of the volu~ 01 M• prop~ny nart9op~d, o? ro~• so~v.nqr o~ ~md~~ncy of
N+~ Mo~t9opo? ond/o. tM d~f~nda~t ond wch ~~nts, profits, incane, iisuti and r~ve~ves shall b~ applied by M~ nc~iv~r otco~dinq
to MN litn ond/or ~quity ol lhis na~t9aq• oe?d th~ proc~ic~ of such cou~t, ond :uch appo~n~men~ of r~ceiver shalt b~ wiM~out notic~
ro onr oblipor M?~und.~.
NINTM: Tht Mo?t~o9o~ her~by woives all riyhts of homestead and exemp~ion pronted by the Cons~ifution and laws of
Fbrida. M is :pecificollr op?~ed Mof time ii of ?he essence in this controct ond thut no wo~ver br N+e MoN9a~e~ of ony obliqo~ion
Mreund~r or of M~ oblipotion s~cured hereby sholl of ooy time therea(~er b• held to be u woiver of fh~ t~?n~s he~eof or of Me
oblipolion secur~d Mreby.
TENTN: Upon ony soie. tronsfer o~ conveyonce of the prope?ty herein descr~bed and covered by N+is nwrtqcQe to anr
persoe, Ar~n or to?porotion, not previously approved in writi~9 by the Aolder of this mo~lgoge. Me Mortpaqee or holder sholl hove
Me ~i9h1 to ouelerot~ th~ mofurit~r of this nwnpeqe os Mou~h it were dve and poyable on the day of such tronsfer ond to denwnd
porment in fvll of the soid nw~tqa~e onau~t or ony unpeid bolance M+ereof, and to ezercise oll the riyhts ood ren+edies herein o?
br low r~serv~d ro said Mort~a~ee the same o: in any event of defout~ herev~der, onythinQ in fhe promi:sory rate secured
herebr or her~in to 1he oontrory ~+othwiMstondinp.
BEVENTN: If fo?eclowre proceedin9s of ony second nw?tyoge or second trust deed o~ any junio~ lien of oey kind should "
be i~utifuted, the Mortpopee moy, ot its optio~ immediotely or thereofter declare this nartgage ond the indebtedness secured
hereby due and porable.
TWaFTH: Thot in Me ~v~nt Me premises herebr mortgaged, or eny pa?t thereof, sholl be condemned and token for public
vse under the power of eminaM danain, Me Mo?tgogee shall have the right to demand Mat oll damoges aworded for the takinp
of or damo~es ro said premises shall be poid to the Mo~t~ogee, up to the amount then unpaid on this nartgoge and the obli~ation
setured hereby and inor be appli~d upon the poyments last porable under this mortyaye and the obli~ation setured hereby.
THIRTEENTH: That i~tallments, payable under Ihe terms hereof o~~d the note secured hereby, not paid when due, shall be
wbject, ofter Rfte~n (1S) days fran the due date thereof, to, and it is og?eed Mortgapee shall tollett tl~ereon ond therewith, a
"late char~e" in the anaunf of four per tent (4%) of the instollment due upon eoch suth delinquent irutallment, and wch "lote
charpei ' are secured by th~ lien Mrwf.
FOURTEENTH: Without impoirin~ the obliqations of Mort~ogor contoined in paro~rophs SECOND, THIRO ond FOURTH
hereof, ond for applicotion fo fhe purposes thereof insofar os the some sholl be suRicient, Mo~tgopw shall, i~ addifion to the
monthlr PaymenK of prinapol and interest as stered in the original rwte (and in the note or notes secu~ad herebr) provided to be
made, pay o monfhly wm amd onau~t equal to one•twelfth (1!12) of the estimated am~wl taxes, ossessments and inwrance
premivms upon 1he real ~state saaurit~r, as the omou~t thereof is determined from time to time by the Mortqo~ee.
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~ FIFTEENTH: That the Mort9aqor shall fum+sh arnuollr, at the request of the Mort~c~ee, finan:ial statements in form cnd
~ certified in o manner sotisfactory to the Mortpapee.
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~ SIXTEENTH: This nwrtpo9e also secures anr ond all renewals and extensions of fhe promiswry nofe referred fo he~eio and
~ secvred hereby, and all irutellments thereof, and olso ony other notes whitfi have been or moy be given to the Mortgagee by the
Mort~apor, ond onr other indebtedness of tfie Mort9agor to the Mortgagee whicfi, however, shall not exceed at any one time
the ap~re~ate unpaid principol sum of _ SIXTEEN THOUSAND EIGHTY-THREE DOLI.ARS and 60/100-------------
Dollonli 16-083.60 1.
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it bein~ the spetific intention fhot furfher edvantes may be made br the Mortyogee ot its opfion fo the Morfgapor, either prior to
or oher the due dafes of the obove referred to promissorr note herebr secured; ond this mortgage is yiven for fhe speciRc
purpose oi securin~ ony and all indebtedness by fhe Mortpogor to fhe Mo?fgagee in whatever manner the some may be evi-
denced or represented, until fhis narf~a~t is satisfied of record; and oll covenants ond ag~eements contained in this mo?tgage
shall be e~plicoble to all further end future edvonces mode by the Mortgoqee to the Mortgagor and all other indebtedness of
Mortpapor to Me Mortqapee, and anr end all renewals or extensicns thereof.
SEVENTEENTH: The Bank shall be entitled to reasonable attomey's fees and
c~sts on appeal.
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