HomeMy WebLinkAbout0967 ~ntoenr. A*of~ts, nsuei ond .eve~ues o.s hereby n?o?~poped ol ~1 ~pet~PKOtty set forfh and dsunbed ~n ~hi qront~ng cnd hcb~ndun+
cleuies he~eof, ond suc1~ rece~ve• sholl hove all t?+e b•ood ond •flecti~t func~io~s ond poweri ~n ony wis! enltuft~d by a cOUA ~O O
.eceiv~r. ond sutl? eppoinlmeM sAall be mode by such-tov~t os on odtnilled eqv+ly ond o n+otte~ of obsolute npht i~ th~ Morlqaqet,
ond wiNwut ~eference fo Ihe odequaclr or inadrquocr oi rhe vol~e of Ihe property mortqoaed, o~ ~o th~ sot~ency or intiolv~ncy of
the Mo~t~aqor and/or the defendont ond ~uch ren~s, p?o~'~ts, ~~+cor++~, iisve~ ond r~venues ~hell be oppl~ed by the rece~vt~ acco~din9
to the lien ond~or eqwtr of this nwrtyoqe ond th• prouice oi such court, ond such oppo~~tmen? of ~ece~ver s~al1 be withput ~oric~ .
to o~r obli9o~ he~eunde~.
N~NTH: The Mortyo9or herebY woives all riqhts of homesiead ond e+~~mption ~ronted by rhe Const~tut~on and Icws of
fbrida. h ii spec~ficollr oy?eed Mat t~me is of Me essenc~ in this tontrac~ ond tho~ no woiver b~ the Mort~o~ee of ony obliqotion
hereunder o. of the obli9at~on secured hereby sholl ot onr tin+e ?hereofter ba held to be o woiver of the ~e?ms hercof or of Me
obl~yotion secured hereby.
TENTH: Upon ony sole, tronsfe? a conveyonce of the prope.ty here~n described ond covered by this Mo.tpope to ony
person, firm or to~pwohon, wlwse tredit-wo?thiness hos not betn opproved in wrihnp by the holde~ of this Matqope, the Morfpoqee
or holder shol{ hove the ripht, ot its sole option, to octelerote t1+~ motu.ity of ~his Mo.tqofle os thaph it were due end polroble
o~ the dey of such trensfer, if upon notice of soid tro~sfer, the Mo.tpopee a holder hos pood reoson to believe thot the security .
of the Mwt9o9ee o. holder hos bee~+ hormed a ploced in jeopo~dy. The Bo~k sholl receive o complete current finonceol stote-
ment in b fwm ond presentotion sotisfectory to fhe Bonk. ~
BEVENTH: If fo~ecbsu~e proceedin4s of ony sacand nwrtqaqe or satond trust deed or eny junior lien of ony kind should
be-insfituted, Ihe Mortqoq~e moy, ot ifs option im~nediately or the~eahe~ declare this n+o~tqo~e ond the indebtedness secured
hereby due and poyable.
TWQFTH: Tho? in the event th~ premise: Mr~by na~tQa9ed, or any part eher~of, shoN be condemned and token fw public
use under Me power of ~minent danaie, the Mort~cQee shall hove the riQht to demond thct oll domaqts oworded fw 1he takinp
of or domapes ro said pren~ises shall be paid to the Mortpap~s, up to th~ amount then unpaid on this nwn~c9e and the obliqation
s~cw~d herebr and n+oy be opplied upon fhe poyn+ents tost perable und~r this nwrt~aQ• and 1h~ oblipation secured M~eby.
TNtRTEENTH: Thet installmenn, poyoble under Mt terms hereof and the not~ secured hereby, not paid when due, shofl be
s~bject, ofte? fiheen (15) days from the due dats thereof, to, _and it is a~~eed MoNqaqee shall collect thereon ond H?e~ewith, o
"lote cha?qe" in the anwunt of four per cent (4~) of fhe installment du~ upon ead~ wch d~linquenf installment, ond such "late
chorq~s" ore secured by the lien hereof.
' FOURTEENTH: Without impoi?inp the oblipations of Mort~c~or ~ontoined in poraprcphs _SECON~, THIRD ond FOURTH
hereof, and for application ro the purposes tMrsof insofar as Me same shall be wliitieM, Mort~aqor shall, in addition ro the
nwnlNy Paymaets of p?intipal and inlersst os stated in the wipinol note (and in fhe note or note: secured herebr) provided to bs
made. Pay a naaeNr wm ond onwuM pvoi to on~•twelhh (1 /12) oi the ~stimeted anrwal toxe:, asseumeMs and irauranc~
~ pr~miums upon Me real estote sacuriq, os th~ amovnt thereof is det~rmined frwn time to time by the Mortpo~ee.
! HFTEENTH: Thot the Mortyapo? shall furnish onnvolly, at Me r~quest of the Mon~oyee, finor~ial stotements in form and
certified in a n~aru+e~ sotisfoctory to the Mottpap~e.
SIXTEENTFi: This rtartpoye also s~cur~s anr ond oll ren~wols ond exteruiau of the promissory note referred to herein ond
secured herebr. ond etl installn+ents thereo~, and atso onr other notes which heve been or mar be given to thr Mort~oyee br the ~
MortgoQo?. and any othe~ indebted~+ess of ehe Mortqapor 1o the Monpa~ee which, however, shall not exceed a/ onr one time
~
i ~he aqyrepote unpaid principal sum of _ T~Y TH~SAND AAID NO/100--------------------'__~~.._~_ ;
I w_..__~_~_~~_~.~_~~~..~___--
Dollan (S 20,000.00 I.
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I i~ b~irp fhe specific intention that further advantes mar be made by the Mort~aqe~ af ib option to the Mortpo~or, either prior to
~ or ofter the dve dates of tfie above referred ro ron+is
p sory note hereby secured; ond tfiis nartqo~e is qiven fot the specifk
i purpose of securinq any ond oll indebtedness by the Mortqo9or to the Mort~opee en whotever man~er the seme mar be evi- ~
dented w represented. until this mortyope is sotisfied of retard; end alt covenants ond o~reements contained in fMis nwrtpoye
sholl be applicable to all fvrther ond future advoncts madt by the Mort~aqee to ths Mortqapor pnd olf other indebtedness of e
MortpoQor to the Mat~c~ee, and any ond all rentwol: or extsnsions thereof. ~
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