HomeMy WebLinkAbout0563 CfS ~ `
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~nccm~, prof~ts, ~ssve• ond .evenue~ are be.eby ~no~~9aqed o~ ~f ~pttificolly tet forM ond de~c~ibed ~n the 9?antin~ ond hobendwn j
clauses he~eof, ond such receiver sholl hove oll ~he btood and effec~ive functions and pow~rs ~n any wis• ent~usttd by a toun lo c ~
rectiv~r. and suth oppo~ntment sholl b• mode by such courl os on odmit~ed equily and o motter of obsolu?~ ri9ht in Mt Moh9oqe~, ~
ond wiMout refe?ence to ~he odequocy or inodsquacy oi ~he votue of Me p•op~?~y nwnpo9ed, or ~o rh• sol~ency o~ ~nso1~•~,cy of ;
th~ Mo?tqo~or ond/or the defendant ond such renfs,.profits, incomt, i~svei ond r~venues shall bf oppl~ed by the r~c~iv~? otcordinp {
~o the I~en ond~o? equ~ty of fhis mort9aqe ond the pradice oi such court, ond such oppo~ntment of rece~ver sholl be w;thout nolic~ t
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to ony obli9o? he.eunde~. `
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NINTM: TYr Mo~tpapo~ herebr waives all riphts of homestead ond esen+ption pronted br the Consr~tu~ion ond lows of ~
florido. It is specificollr a~reed that time i: of the esse~+c~ in this controd a~d Mar no waiver by the Mo•tpo~ee of ony obli~otion
hereundar or of the obliqotion secured herebr shall ot onr time Me.eafter be held to be o waiver of fhe te~n+s he~eof or of the
obliqotion secured he?ebr.
TENTH: ~ Upon anY sole, tronsfer or conveyonce of tF+e p.ope.ty herein described ond cwered by this Mortpo~e to oMr
person, firm w torpwotion, vrhose tredit-wo?thiness hos not been opproved in writirq by ihe holder of Ihis Mortpo~e, the Mort~opee
or holde~ shall hove the ri9ht, ot its sole option, to occelerote the moturity of this Mort9o~e os thouph it were due cnd poy~oble
on the doy of such tronsfer, if upon notice of soid tro~ufer, the Mo.tpopee a, holder hos 9ood reoson to believe thot the secu?ity
of the Mort~opee or holder hos txen hormed or ploced in jeapordy. The Bonk_ sholl receive o complete cu.rent fi~onciol srote-
mMt in o form ond presentotian SofisfoCfory to the Bonk.
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gEVENTH: If foretlosure proceedin9s of onr setand nwrt~aye or setond trust deed or any juniw lien of onr kind sF~ould `
be instituted, the Mo~t~aqee mor, at its option immediately or thereafter declare this rtart~o~e and the indebtedness secured
hereby due and poycble. _
TWBPTH: Thof in the event the premises hereby nwrtqaqed. or onr pait thereof, shall be condenr+ed ond taken for public ~
use under the power of eminent domain, the Mortyagee sholl have 1he riqht ro demond Mat cll damo9es owa~ded for the takin~
af or donaqes to said premises shall be paid ro the Mo~t~a~es, up ro M+e cnwunt ~hen unpaid on ~hi: nw?rpa~e and N~e obG~crion
secured hereby and moy be applied upon 1he parmeMs lasf payoble under this nwrtqa9~ ond Me oblipotion setured Mreby.
THIRTEENTH: That installmenls, poyeble under the tem+s hereof and the note secvred herebr, not paid when due, shall be
subjec?, aFter Rheen l15) deys fran the dve dote Mereof, ro, and it is a~reed Mort~a~ee shall collact thereon ond therewith, o
"late char~e" in the anaunf of four per tent (4%) of fhe installment due upon each wch delinquent installmenf, ond wd+ "late
chorpes" are secured by the lien hereoi.
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FOURTEENTH: WiHwut impairing the obliqotions of Mort~apor contained in paragraphs SKOND, THIRD and FOURTH
hereof, ond for applicotion ro the purposes thereof insofar as the same shall be suRitient, Morf~o~ sholl, in addifion ro the ~
monthly Porments of principol and intersst es stated in the oriQinol note (oed in the note or notes secured herebr) provided to be
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' mode, par o montMy sum ond cnwunt equal to one-twelfih (1/lZ) of • the estinwted anrwal taxes, asseumerm and inwronce ~
j premiums upon the reol estate seourit~r, os the anwunt the?eof is determined fran time to fime by the MoApapee.
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i FIFTEENTH: That the Mortgo~or shall fun+ish annuallr, af 1he request of the Mort~ayee, finarr.ial sfatements in form and
E cenified in a manner satisfactory to the Mort9o~ee.
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~ SIXTEENTH: This nqrtgo~e also seares ony and all renewols and extensions of the promissory nofe ~eferred to herein ond :
~ secured herebr, and oll irxtollments thereof, ond olso any other notes whicfi hove been or moY be given to the Mortqayee by the
Mortgaqo~, and ony other indebtedness of the Mort~ogor to the Mortqaqee which, however, sholl not exceed ot onr one time ~
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-----TWENTY FOUR ~HOUSAND SEVEN HUNDRED FIFTY AND
the a~greqate unpaid principal sum of - - q
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NO/100------- Dollon (S ~ 1 ~
24,750.00 #
it being the specific intention that fu?fher edvances may be made by fhe MortqoQee af its option to the Mortyo~or, eifher prior fo
or eNer the due detes of the obove referred ro promissory note herebr secured; ond this nwrtgoge is ~iven for Me speciPic ~
purpose of securiny ony and oll indebtedness by the N1ort~apor to the Mort~aqee in whotever monner the same mar be evi- ~
denced or represented, until this nartqaye is satisfied of record; o~+d oll ooveeents and a~reements contoined in this mo~t~eye
:hail be opplicable to all further o~ fufure advances madt by fhe Mort~o~ee fo fhe Mort~a~or ond oll other indebtedness of
Morryayor to the Mortqopee, ond c~r and all renewals or extensions thereof.
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SEVENTEENTH: This Mortgage and the Note which it secures shall be
~ construed under the 7aws of the State of Florida. ;
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~ . ~oo~ 279 P~E 562
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