HomeMy WebLinkAbout0544 i~come, p~oP~ts, issvel ond revenue~ o?e hereby R+ort9oyed os ~f speuf~ally ~et fo?th ond deunbe'd ~n ~he qran~~n9 ond habe~dun?
clouses hereof, ond such ?eceire~ shall hovr oll the b~ood ond effective funuions and powe.s ~n onr wise entrusled br'c tovrt lo a
receiver, ond such oppo~ntment sholl be mcde by such co~rt os an odmitted equity and o mo~~er of obsolufe riqht in the Mon9o~ee,
pnd wifhout reference to the odequocy or inodequacr of the va~ve of the properiy mortqoQed, or to the solvency o~ in~olvency of
Ihe Mortqogor and/or ~he defendant ond such rents, prof~ts, ~ncome, issues ond revenues sholl be appl~ed by the ~ece~ver occordinq
fo the lien and~or equ~lr o~ this mortpaqe ond the proctice of such court, ond such oppo~~tment oF ?ete~ve~ shall be w~thouf notite
~o o~r obu9or ?,e?e~~de?.
NINTH: The Mortgoqor he?eby woives oll ri9h~s of homeslead ond exempfion grcnted by the Constitvtion and low~ of
Florida. It is speciPKOllr ogreed rhot time is of fhe essence in this controc~ ond ~hat no waive~ by ~he Moripogee of cny obl~yat~on
herev~der o? of the obligotion secured 1+ereby sholl ot o~y iin~e thereofter be held to be o wa~~er of the terms hereof or oF the
obliyofiort setured herebr.
TENTH: _ Upon ony sole, tronsfer o? conveyonce of tF?e property herein desc.ibed ond covered by this Mort~o9e ro ony
person, firm or corpo?otion, whose credit-worthiness hos not bee~ opproved in wntinq by the holder of this Mwtqoqe, the Mortpoflee
o? holde~ sholl hove the ri9ht, ot its sole option, to occele?ote the moturity oi this Mortgo9e os thaqh it were due ond poyobla
on the doy of such tronsfer, if upa+ notice of soid tronsfe~, the Mortgoflee o~ holde? hos 9ood reoson to believe thot the stcurity
of the Mortflogee or holder hos been hormed or Ploced in teopordy. Tfie Bonk sholl receive o comptete curre~r fi~onciol stote-
ment in o form ond presentotion sotisfoctory to the Bonk.
HEVENTM: (f foretbsure proteedinqs of a~y setond morfQa~e ot second trust deed or any junior lien of ony kind should
be irufituted, the Mort9ogee may, at its option immcdiotely o? thereafter declare this mortgoge and the indebtedness secured
hereby due and poyable. _
TWBFTH: Thot in the event the premises hereby mortqaQed, or any pon thereof, shall be condemned ond tcken fw public
use under the power of emine~t domain, Me Mortgagee shall have the ripht ro demond that oll damaqes aworded for Me toking
of or damages to said premises shall be paid to the Mon~apee, up to the amou~t fhen unpaid on this na?t9aye and the obli9ation
secured hereby and moy be opplied upon 1he poyments losf poyable unde? this nartqaQe and the oblipotio~ secured hereby.
THIRTEENTH: Thot instollments, poyoble u~der Me terms hereof end the note secured hereby, not paid when due, sholl be
subject, ofter Rfteen (15) days f~om the due dafe Mereof, fo, and it is oyreed Mortgagee sholl collett fhereon and therewith, o
"lote.charge" in the anavnt of four per tent (4~) of fhe iostollment due upon each sud? delinquent installment, and such "late
char9es" are secured br fhe lien hereof.
FOURTEENTH: WitFwut impaiting the obligotions of Mortpa~cx contained in paragraphs SKOND, THIRD and FOURTH
hereof, ond for application to the purposes thereof iraofor as the same sholl be sulficient, Mortya9or shall, in oddition to the
monHJy Porments of printipat and interest es stoted in the oripinol note (and in the note or notes secured hereby) provided ro be
i made, por o nanthlY sum and ornouet equal to one-twelFth l1/12) of the estimeted anrwal texes, ossessments and inwronce
f premiums upon the real estate security, os the anwunt thereof is determined from time to time br the Mortqagee.
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FIFTEENTH: That the Mo?tga~or shall fumish annuallr, ot the request of the Mortgogee, finorr_iat statements in form ond
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certified i~ o manner satisfoctory to the Mortpa~ee.
~ SIXTEENTH: This mo~tyage olso secures any and all renewals and extensioru of the promissory note referred to herein and
~ secured herebr, ond all installments thereof, and also any oM?er notes which hove been or may be given to the Mongagee by the
Mortyagor, and nny other indebtedness of !he Mortyagor to the Mortgayee which, ~however, shall not exceed at any one time
the aggregafe unpaid principol sum of . THIRTY THOUSAND_AND NO/100--------------
- . Dollon (S 30,000.00
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it being the spetific intention Mot further advonces may be made by Ihe Mo?t~ogee of ifs option ftr the Mortgapor, either prior fo
or ofter the due dates of the above referred to pranissory note hereby secured; and thi: mortgaqe is given for the spetific
purpose of securing onr and oll indebtedneu by the Mortqo~or to the Mort9ayee in whatever manner the same moy be evi-
dencad or represenfed, until this mortgaQe is satisfied of record; ond oll covenanls ond agreements contained in this mortyoge
sholt be applicable to all further and future advances made by the MortQo9ee to the Mortgagor and all other indebtedness of
Mortyogor to the Mo~tgagee, and any and all renewals or extensions the?eof.
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~ . BooK 2~9 PacE 543
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