HomeMy WebLinkAbout0742 inco.~w.,p?oAb, isw~s ond ~~vtnu~t o~~ Mr~bY mohpop~d ai if sp~ciRcalty s~t forth and d~a~ibed in th~ ~iontinp ond hob~ndum
clousts Mr~of, ond wc~h ~~c~ivt~ shatl hov~ otl N~e brood and •ffectivt fw~c?ions ond pow~n in any wis~ ~ntrust~d br o cou~t to 0
r~c~iv~r, ond wdr oppoi~~ shoR b~ nwd~ by sud~ coun os an odn+;n~d equitp cnd c motte~ of obsolul~ ~ipht in tM Mo~tpaa~~,
and wiHtovf ~eft~tntf to fh~ ad~quory o~ inodpuoty of th~ ~oiw of N,• prope~y monoo9•d, Or (0 th~ sOlv~~cy o? Msofvtnc~r of
M~ Mo~tqoQw and/or th~ d~f~ndonl ond wth ~tnh, proAt:, incan~, issu~s ond ~~venues sholl b~ upplied br M+~ nc~iv~? aooordinp
to 1h~ li~n oad/or ~qvitr of this nqApaQ~ and tM prottic~ of wth touR, ond such appointment of .eceive? sholl b~ without notiu
to ony obli9or h~rew~d~r.
NtNTN: Th~ Mortqa~or her~by woives all ri9hts of fwm~stead and exemption qronted by Me Conslitution and laws of
Fiorido. N is specificollr o9~eed thot tin~ is of tM euenc~ in this controct ond Mat no woiver br the Monqcpee of ony obtiqa~ion ,
herw~d~r or of M~ obli9otion :ear~~d h~rebr sholl ot ony tim~ ther~aft~~ be held to be a waiver of M~f tf~n+s h~reof or of IM
obliQotion setured Mrebr. '
T~1TH: Upon onr wl~, trumfe? or conveyor+ce of M~ propertp i+~~ein desc~ibed and covered by this nan~ope b anY
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perso~, Arm or oorpo~otion. not previously opproved in writi~p by ihe holde~ of fhis nanyaqe, the Mortyoqee or hold~r sholl hove }
the riqht to oocelerafe th~ nwturitp of this nqrtpa9e os N+ou9h it were due and poyable on the doy of wd~ tronsfe? and to d~nwnd
payment in fvlt of 1he said nwrfqape oaaunt ot orqr u~pa+d bolonce lhereof, end ro exercise oll 1he ri~hts ond remedies he?ein or
by law r~urved to said J1Aort9o9~t 1h~ :an~e os in ony event of d~fovlt herevnder, anythinp in the promissory note sacv~ed
herebr w Mrair~ to IM oontrory rwN+withstar~din~.
B.EVENTM: If for~clowre proce~d+n~s of oor se~cond nwrt~oqe or second tnnt deed or ony junior lien of any kind should ~
be +est+tuted, M~ Mortqape~ mor, ct iK option immediately w thereohe~ detlare this mortgage and the indebtedness secured
he?eby dve ond porabk.
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TWaFTH; Thot in th~ evenf the prenusss herebr nwrtgoged, or onr pa~t thereof, shall be condemned ond taken for public ~
use wxle? fhe power of ~M doinoiry 1M Mortpapee sha11 hove the ri9ht to demand that oll dcmages awcrded fo? the tokiny I
of or danwpes to wid pr~mises slwN be pa;d 1o Me MoNqa~ee. ~rp ro Ihe anaunt then unpoid on thi: mortqoqe ond the obliqotion
setured herebr and nwr b~ applied ~pon Ihe parments Iost poyable under this mo?t9o~e ot?d 1he obligation setvred hereby. '
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THIRTE~IiH: Thot instoUn~nts, paroble unde~ ths terms he~eof and ths note sacured hereby, not paid when dw, shall be
subj~act, after Afte~n (1S) dops fran IM dw dat~ Ihereof, to, ond it is apreed Moetpopee s1~all oollect thereon ond therewith, e -
"lote chor~e" in the omamt of fou~ per c.anf (4~ of 1he i~utollm~nt dus upon each wd~ delinquent instollment, end w~ "tate ;
d?arqes" are secured by th~ lisn h~~~of. ~
FOURTffNTM: WiNwuf irapairin~ the obliyations of Mottqa~or oontaioed in paragrophs SKOND, THIRD and FOURTH
hereof, and fo? applicotion to 1he purposes th~reof imofer os th~ same shall be wffitient, Monpaqor shall, i~ addition to the
nwMl~lr payment: of prin~ipol end int~rost as stated in M~e originol note (end in the rat~ or notes secured herebrl P~ded 1o be
mede, paY a nwnthlr wm end omow+t ~quol to w~e-twelfih (1/12) of fhe e:timated a~wwo) taxes, asseumerth end irouronce
prerni~ upon fh~ reol estots s~aKit~?, as Ih~ oewunt the~eof is determined from time to time by the Mortpopee.
HFTEQ~lTH: That the Mort~a~or slwll fum~sh omuallr, ot the request of the Mortyagee, flnarr.ial statements in form and
certified in a momer sotisfactory b th~ Nbrt~eqee.
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SIXTE~(TH: This nartqaQe olso seaures cer ond all renewols cnd extansiwu of the promissory note referred to herein end `
secured herebr, ond oll i~utalln~Ns lhereof, ond olso o~y other notes whith have been or mar be given to the Mortqaqee by the ~
Mort~a~or, ond anr oM~er iedebtedness of tfie Mort~a~or to the Matpagee which, however, s1w11 rwt exceed ot any one time
the a~Qrepcte unpoid priruipa! sw~ of EIGHT THOUSAND 1W0 HUNDRED FORTY-NINE DOLLARS AND 40/100---=-
- ------~_.r_w_ 8 249.40
- ---,Dollars (S- ' l,
it bei~Q the speaRc intention tfiot further advonces nwy be ~nade by the Morf~oyee ot its option to the Mortqaqor, either prior to
or oher 1he due dates of th~ obovs ref~ned M pronassory note hereby secured; ond this nw~t~oye is given for ti?e speciflc
purpose of securinp ony and all indebtednets by the Mort~apor to the Nlortgogee in whatever manner the seme may be evi-
denced or represented, until Mws nwrtya4e is satisfied of raaord; ond all covenonis and agreemenh conteined in Has nw~t~ope
sholl be opplicobt~ to aH further and fufure odvonces nwde br the Mort~a9ee to the Mortgagor ond oll other indebtedness of
Mo?tqa~or to Me Mortpapee, ond onr ond a!1 renewols or exte~sio~s thereof.
SEVENTEENTH: The Bank shall be entitled to reasoaable attorney's fees and costs
on appeal.
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- boo~ 278 Pa~E `741
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