HomeMy WebLinkAbout0162 ~ cfs
~~tome. p~ofi~s, ~swes and ?e~enue~ are herebY mortgoqed as ~f ~peciP,colly se~ forth ond described ~n the qrontinq ond hobendum
clouses Aereot, ond such ~ece~ver ~hofi hove oll the b~oad ond effecfive fur+tl~ons ond por+e?s ~n any w~se en~rusted by a tourt to a
receive~, cnd such oppo~ntme~t sholl be mode by such courr os on adm~t~ed equity a~d o mo~ter of absolute r~ght in the Mort9agee,
and without rofe?e~ce to tl,e adequocy or ~nadequocy of rhe volue o~ the p?ope~ty mort9oged, or to the sol~encr or insolvency of
the Mo~t9ogo~ ond/or t~e dcfendont ond such ?ents, p?of~s, ~~?come, iss~es ond revenues sholt be oppl~ed by the receiver ettordinp
to the lien and~or equ~ty of this mortgaqe ond ~he prattice of s~th tou?t, and svch oppo~ntmen~ of rece~ve? sholl be Withovt notice
~o any obliyor he?eundec.
NINTH: The Mortyogor herebr waives oll ri~hfs of homes~eod ond exemption gronted by the Consritut~on ond laws of ?
Florida. lt is specifically agreed thot time is of ~he es:ence i~ this contrect ond Mot no waiver by the Mortgogee of ony obli9otion :
hereunder o? of the obligafion secured hereby sholl at any time thereafter be held to be a waiver of the terms hereof or of the ~
. i
obligation secured he?eby. r {
f
TENTH: Upon ony sole, trans(er w co~+veyance of the property herein desuibed ond covered by this Mort~e to ony ~
pers0~, firm w corporofion, whose credit-wo~thineis hOS not beM opp~oved ~n writinfl by the holder of this Mortflofle, the Mott9opee ?
or holder sholl hove the riflht, ot its zole option, to occele~ote the moturity of this Mortyo9e os thagh it were due ond poyobk +
a
on the doy of stxh tronsfe~, if upon notite of soid tronsfer, the Mwtqogee or holder hos good reoson to believe that the seturify
of the Mo.t9oyee or holder hos been hormed or ploced in jeopardy, The Bonk sholl rece~ve o complete current finonciol stote-
ment in o form ond presentotion setisfoctory to the Bonk. '
t
i
t
BEVENTH: If foretbsure p~oceedin~s of any second morfgaye or setond trusl deed or any junior lien of any kind shovld ~
be instituted, the Mort9agee may, ot its option immediotely o~ Mereofter declore this mo~tgoge ond Me ~ndebtedness secured ~
hereby due and poyoble. '
~ TWflFTM: That in the event the premises herebr nwA~aped, or any port Mereof, sholl be condemned and taken for publit ;
use under Me power of eminent domcin, the Mortgoqee shall hove the right to demond that oll dama~es oworded for the takiny i
t
of o? domages to said p~emises sholl be paid to the Mo~t~aqse, up ro the amount Men unpaid on this nwrt9age and the obligatio~ ~
secured hereby and ~nay bc opplied upo~ Me poyinents last porable under Mis mortyaye ond the obliyation secured hereby.
~
~
f
THIRfEENTH: That instollments, poYable unde~ the temn hereof ond fhe note secured herebr, not poid when due, shall be
subject, aher Rfteen ~15) days from the due dote thereof, to, and it is agreed Mortgagee shall collect thereon ond therewith, a
"tate charqe" in the anaunt of four per cent (4~) of the installment due upon eotfi suth delinquent irutallment, and suth "late -
charges" are secured by the lien hereof. - _
,
. ~
!
FOURTEENTH: Without impairing the obligotions of Mortqa~or tontained in paragrophs SECOND, THIRD and FOURtH~ -
i
hereof, ond for opplication to the purpose: thereof inwfar as the seme shalt be sufFicient, Mortyagor shell, in oddition to the ~
~ monthly poyments of principal and inferest a: stated in Me oriqinol note (and in 1he note or notes setured he~eby) provided to be ~
~ mode, poy a monthlr sum and amount equal to one-twelfth (1l12) of the estimated anrwal taxes, assessments ond inwrence
' premivms upon the real estate securit~r, as the anaunt fhereof is determined from time to time by the Mortyagee.
~
( HFTEENTH: That the Mortgogw sholl furnish annuollr, af the request of the Morfgagee, finantial statements in form and
certified in o marmer satisfoctory to the Mortyaqee.
SIXTEENTH: This mortgagE al~ secures any and all renewols and extensions oi the promissory rate referred to herein ond
f
secured he~eby, and oll installments thereaf, and olso any other notes which have been or moy be given to the Mortqagee by the
Mortgagor, end anr ofher i~debtedness of fhe Mortgagor to the Mqrtgagee which, however, sholl not exceed at any one time
99 9 P P P -------TEN THOUSAND AND NO 100---------------------- =
the a re ote un aid rinci al sum of
1.0 ~~~.~0
!
- - - - - - - _ 'bollars i , .
it being the specific intention thof furfher advances moy be made by the Mortgagee ot its option to fhe Mortgagor, either prior to
or ofter the due dates of the obove refer~ed to promissory note herebr secured; and this mortgage is yiven fo? the speciFic
purpose of securing any and all i~debtedness by fhe Morf~a9or to fhe Mortgogee in whofever manner the some mor be evi-
denced or represented, until this rtwrtga9e is satisfied of record; ond all covenanh and agreements contoined in this mortgage
shall be applicable to oll further and future advonces made br the MoA~agee to the Mortgogor ond oll other indebtedness of
Mortga9or to ths Mongagee, and any and all renewols or extensions thereof.
~ -
~
~ -
~
~
~
~ .
~ E
~z~ ~ 1
~ - ~
~ -3-