HomeMy WebLinkAbout0893 ~ncwn~, profits, ~ssuas and re~enves o~e hereby n~or?ga9ed os if spetii'icaily ~et for?h ond destnbed ~n the pran~~np and hobendum
clauses hereof, ond such rece~~er shali hove all the b?ood and elfetlive funtt~ons and powe~s m a~r r++se entr~sled by o tovrt fo a
reteiver, and such oppoinlmenl sholl be mcde bY tuch tourt os on odmilted equify ond o matter of ob~olute riyht in fhs MOrt9oqee,
ond wiMwut reference to 1he odequocy o? inadequacr of rhs vatue of the p?opertr mortpo~ed, o~ ~o rhe solvency or insolvency of
M~ Mortqoqor ond/o~ 1Ae defendant and such rentti, prof~ts, ~~+come, ~ssve~ ond reve~ues sholl be applied by Ihe receive? occordinp
to the lien a~d~or equ~ty of ~his mo?tyoye and the prac?ice of sucH covrl, ond tiuch oppoin?ment of rece~ver sholl be without nofice '
1o a~r obliqor hereunder.
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NINTM: The More9oyor hereby woives ail ~iphts of homesteod and exemption~ granted by the Constitution ond lows of f
Fbrido. It is spccifKally ag~eed thot time is of the essence i~ Ihii conlroct ~end thot no waive~ by ~he Mortyoyee of ony obl~qat~on ;
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hereunder or of the obligorio~ secured he~eby shail o~ ony time thereafter be held to be o waiver of the ~erms hereof or of the ~
obliporiw+ secured hrreby. ;
TENTH: Upon ony sole, tronsfe? a conveyonce of the pro~erty he.ein described ond covered by this Mwtqo9e fo ony ;
persoti, f~rm w co~porotion, wF?ose credit-worthineu hos not been opproved in writ+ny by the holder of this Mortqoqe, the Mortpopee
o~ holder sholl hove the .iyht, ot its sole option, to occelerote the moturity of this Mort9oqe os thaqh it were due and poyoble :
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on the doy of suth tronsfe~, if upon ~otite of soid tronsfe~, the Mort9oflee a holder hos qood reoson to believe thot the seturity
of the Mo~tpo9ee or hetder hos been hor~ned w ploted in jeopordy. Ths Bonk sFwll reteive o comptete currmt finonciol stote-
ment in o form ond prese~tction sotisfottory to the Bank.
~EVENTH: If forecbsure proceedings of onr second nwrtpage or second trusl deed or onr junior lien of ony kind shovld
be instituted, ?he Mort~agee moy, ot its option immediotely or Mereofte? declare thi: mort~age ond Me indebtedness secured
herebr due and paycble.
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TWQFTH: Thot in the event the premises he~ebr mort9oged, or ony port thereof, sholl be condemned end token for public ~
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use unde~ the power of eminent domain, the Mortga~ee sholl hove the rigbl to demond that oll damoges owa~ded for the taking i
of or damages to said premises sholt be poid to the Mort~apee, up to the anaunt then unpoid on this nwrtgage and the obliqation
secured hereby and mor be applied upon the poyments lost poyoble under fhis mo?tyoqe ond the obliga~ion secured hereby.
THIRTEENTH: That installmenls, parable under the terms he?eof and the note secured hereby, not poid when due, shall be
subject; afte? fifteen ~15) doys from the due dote thereof, to, and it is agreed Mortgoyee shol! collect thereon end therewith, o
"late charge" in the amount of four per tent (~%1 of the insfallmenf due upon each such delinquent insfollment, and such "lote
cfiorqes" are secured by the lien hereof. _
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FOURTEENTH: Without impairiny the obliyatio~s of Mort~opor confained in parographs SECOND, THIRD ond FOURTM
hereof, and for opplication to the purposes thereof insofar os the same shall be sufiicient, Mort~agor shell, in addition to the
mo~thly poyments of principe! ond inferest os stated in the oriyinol note (and in the note or notes secured herebr) provided fo be z
mede, pay o mo~thly sum ond amount equol to one-twelfth (1 %12) of the estimated onnual taxes, ~ asseuments and inwronce
premiums upon the real estate securitp, cs tfie amount thereof is determined fran time to time br tht Mortgogee.
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~I FIFTEENTH: That the Mortgcyor shall fumish annually, of the request of !he Mongogee, finon:ial statements in form and `
~ cerfified in a manner satisfoctory to the Mortgapee. • ~
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' SIXTEENTH: This mortgage also secures any and oll renewats and extensians of the promissory note referred to herein ond
secured hereby, and oll irsstollments thereof, ond also onr other notes whith have been or may be given fo the Mortgagee by the
Mortgaqor, and anr other indebtedness of the Mo?tgagor to the Mortgagee which, however, sholl not exceed at any one time
the aggregofe unpaid principol sum of - - - - - - - - - -
Tw~__thousand__threL__hundred e~.gh~y. fqur dollars & 40/100 Dollan (S 2~`~•40
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it beiny the specific intention that 4u?ther advcntes mar be mede by tfie Mortga~ee at its option to the Mortgago?, either prior to
or ofter the due dates of the ebove referred to promissory note hereby secured; and this mortgage is given for the :pecific
purpose of securin9 any ond oll indebtedneu by the Mortga~or to the Mort~aqee in whatever monner the same moy be evi-
denced or represented, until this mortya~e is satisfied of record; ond oll covenants and apreemen~s contcined in this mort~oge
shall be applicable to all further and future advances made by the Mortyaqee to the Mortgagor and all other indebtedness of ~
Mortyayor to the Mortyagee, and any ond oll renewols or extensions thereof. ,
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