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HomeMy WebLinkAbout0521 i~?come. proFits, ~ss~es ond .evenues o~e he?eby nartpoQed os if ipecificolir set fo?th and deuribed ~n rhe qrontinq ond habendun+ clous~s hereof, ond such receive? sholl hove oll the b.ood and effective funcfions and powers in any wise entrusted br a cou~t to 0 receiver~ ond such oppointment sholl be mode by suth tourt os on odmitted equity ond o motfet of obsolute righl in M~ Mort~aqee, and withput referente lo the odeqvaty o? inodequoty of the volue of the property nwrt9oped, or fo the wlventr or insolvency of Me Mortpogor ond/o? tAe defendanf and suth rents, profits, income, issves and revenues shall be applied br the reteiver ottordin9 to the lien andior equity of this monyaqe and the p~octice of suth cour~, ond such oppo~nrment of receiver sholl be witlw:it notice f0 ony obliyo. hereunder. - NINTH: The Mort9oqor hereby waives alt riqhls of homes~eod ond exemption pronted by the Co~s~~~ution and lows of i Florido. It is specifically ay?eed thot time is of the essence in this contracl and that ra waiver by the Mortgo9ee of any obli~ation ! hereunder or of the obligation secured herebr sholl ot any lime Mereaf~er be held to be a woive? of the terms he?eof or of the obligotion secured hereby. • t ~ TENTH: Upo~ any sale, transfer or conveyonce of Ihe prope~fy he~ein described ond covered by this reortyoge to any person, firm or co?porotion, not previously opproved in writin~ bY the holder of Mis morlgaye, the Mo~tgogee or holde~ shall hove the ~ight to actelerote Me moturity of this mortqo~e as thouqh it were due ond payoble on the day of srcl+ tronsfer ond to~demand payment in fvll of Me said mortgage amount or ony unpaid bolonte thereof, and to exercise oll the riyhts and remedici herein or by law reserved ro said Mo?tgogee the same as in any event of default herew?der, anythiny in the promissory note secured he~eby or herein to 1he controry rathwithstandi~~. aEVENTH: IF fo?ccbsure proceedings of onr second nartqape or setond trust deed or any junior lien of ony kind shovld be instituterl, the Mort~agee mor, at its option immediately or thereafter detlare this mortgaqe and the ir+debtedness secured hereby due and poyable. TWBFTH: That in Me event the premi:es herebr mort~aped, w ony part the~eof, shall be condemned and taken for public usc u~der the power of eminent domain, the MortyaQee shall hove the right to demand thot all damaqes aworded for the taking of or damages to said premises sholl be paid to the Mo~t~a~ee, up to the amount then unpaid on this nart~age and the obliqotion ' secured hereb and ma be a lied u the a ments lost a oble under thi: mort a e and the obli ation secured hereb ~ r r PP P~^ P Y P Y 9 9 ~ Y- THIRTEENTH: That installmems, poyable under the tem~s he~cof ond the note secured hcreby, nat paid when due, shall be ; subject, ofter fifteen (15) days from fhe due dote thereof, to, and it is agreed Mortgagte shall collett thereo~ and therewith, a "late charge" in the amovnt of four per cent (4~) of the irntollment due upon each such delinquent insfallment, and such "lote i charges" ore secured by the lien hereof. ; t FOURTEENTH: Without itnpairing the obligations of Mortgagor tontained in poragraphs SECOND, THIR~ and FOURTH i hereof, and for applkation to the purposes thereof insofar os tF~e same shall be sufFitient, Mortpa~or sholl, in addition to the mw~thly payments of principol and interest as stoted in the originel note (and in the note or notes setured herebr) provided to be mode, pay a monlhly sum and amount equal to one•fwelfth 11;12) of the estimated onnuol toxes, assessments ond insuronce premiums upon the real estafe security, as Ihe amount thereof is determined from time to time by the Mortgagee. I } ~ ~ ` FIFTEENTH: That the Mortgagor shall furnish anrwally, at the request of the Mortyagee, finorr.ial stotements in form ond f certified in a manner satisfadory to the Mo?tgagee. ~ ~ SIXTEENTH: This mortgoge also secures any and all renewols and extensions of the promissory note referred to herein and secured hereby, and all in:lallments thereof, and also ony other notes whith have been or may be given to the Mortgagee by the Mortgogor, and any other indebtedness of the Mortyagor to the Mortgagee which, however, sholl not exceed at any o~e time the aggregate unpaid principal sum of -----------T1~i4_ T1i4II~A~_1~i_REE_HUNDRED AND NOj100----_------- Dollon lS_ 2, 300.00--- ; it being the specifit infention that further advantes moy be made by fhe Morfyogee at its oprion to the Mortyagor, eifher prior to _ or after the due dates of the above referred fo promissory note hereby secured; ond this mo?tgage is given for the specific purpose of securing ony ond all indebtedness by the Mo?tga~or to the Mortgagee in whotever manner the same may be evi- denced or represented, u~til this mortyoge is satisfied of record; and atl covenants ond ogreements tontained in this mortgage sholl be opplicoble to all further ond future advances made by the Mor?gagee to the Mortgegor and all other indebtedness of Mortgago? to the Mortgagee, ond anr and all renewals or exfensions thereof. SEVENTEENTH: This Mortgage and the Note which it secures shall be construed under the ~ laws of the State of Florida. ~ r f; J ~ twCE ~ -3- '