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incane~ profits, issueti o~d r~venu~~ ore h~rebr nwrtgoQed as if ipetificolly st1 forth cnd deuribed tht Qronf~n9 and hobtnd~rn
clous~s h~reof, ond iuch receiver sholl have oll the broad and ellect~ve lunctions ond power: in onr wiie enl~u~t~d br a coun fo o'
rKeiv~?, ond suth appointn~enf sholl be made by suth tourt os an admilted equitr ond o mofte? of obsolut~ riqhf in M~ Mohpopt~,
ond wifhout ~~f~.e~ce ro rh• od•qvocy o. ~~odequocy of rne ~olue of fhe p~operty mprt~o~ed, or to th• solv~~+cy o~ insolv~ncy of
M~ Mo~tQoQor ond/or th~ defendant ond suth renfs, profits, income, issues ond ~evenues sholl be applied by fhe rK~iv~~ ottordi~~
to the lien and/ar ~quity of ~his mo~t~cqe ond the p~cct~cc of such court. ond such oppo~ntment of re~eiver shall b• without notic~
to onr obli~or her~under.
NINTH: The Mort~o~or he~eby woives all ~i4h~s of homestead and exemptio~ g~onted by the Consfitution and lows of
Flo?ido. It is specificolly opreed Mo~ time is of the es:ence in this controct ond thoe r,o woiver br the Mo?t~o9ee of ony obli~o~ior+
~ereunder or of the obliyotioo secured hereby shall ot anr time thereafter ba held to be o waiver of the terms he~eof or oi rhe
oblipotion secured Aereby. ~
TENTH: Upon o~y sole, t.onsfer or convevonce of the prope?~y here~n descnbed ond coverecl by ~h~s Matgoge to ony
person, hrm or corporot~on, whose credlt-wo~thiness hos not been o~proved ~n w~~nng by the holder of th~s Mortflo9e, the Mortfloflee
or holder sholl hove the r~ghl, ot ~ts sole op~~on, to cccelerote the motur~ty of th~s Mortgoge os though it ,nere due ond poyable -
on the doy of suth tronsfer, ~f upon nohce of soid trons(cr, the Mo.rgogee or hotden c~s gatd reoscv? to helieve thot the seturity
of the Mortgogee or holder hos been iwrmeA w pfoced ~n ~COpOrAV The Bunk shoU rece~ve o complete cur.ent I~no~+c,ol sfofe-
ment in o torm ond prese.itotion sat+sfoctory to the Bonk.
flEVENTH: if fo?ecbsure proceedings of any second mortgoge or s~cond trust deed o? any ~uniar l;en of any kind should
be instituted, the Mortqoqee mor, et its.opfion immediately o? thereotter declare ti~s mortgoge and the indebtedness secu~ed
hereby due and porable. -
TWHFTH: That in the event fhe premiies herebr mortgaqed, nny po•f thereof.shall be condemned and faken for public
vse under the powe? of eminent domoin. 1he Mo?tgogee sholl hove the right so demand tha~ oll damages oworded for the taking
of or domoges to soid premises~sholl be poid to the Mortgogee, up to the amount Ihen unpoid on this mortgage ond the obligation
:ecur~d hereby ond may be opplied upon the payments last payable under this mortgo{~e and the obligation secured hereby.
THIRTEENTH: Thot ir~stallments, poyoble unde~ the terms hereof and the rwre secured he~eby, not paid when due, sholt be
subject, oher fifteen ~15) dor: from the dve dote thereof, to, ond it is agreed Mo?tgagee sholl collect thereon end therewith, o
"fote chor9e" in the anqunt of four per tent (4%~ of the instollment due upon eech such delinquent instollment, ond such "late
tharqei' ore secured by the lien hereof.
fOURTEENTH: 1(Vithout impairing the obligotions of Mo~tgogor contoined in parogrophs SKOND, TNIRD ~nd FOURtH
hereof, ond for opplication to the purposes thereof insofor os the same shall be su}~icient, Mortgugor sholl, in oddition to the.
monthly poymenis of principol a~d interest as stated in the original nofe (and in the note or notes secured he?eby~ provided ro be
mede, pay a nwnthly sunn ond omount equol to one-twelfth (1/12) of the estimated annuol toxes, assessments and insuronce
premiwns upon the reol estote security, os the amount thereof is determined from time to time by Me Mortgogee.
FIFTEENTH: Thot the Mortpo9or shcll fum~sh annually, at the request of the Mongagee, finantiol statemenls in form cnd
certified in o manner sotisfactory to the Mort~agee.
SIXTEBVTH: This n+ortqope also secures eny ond oll renewals and extensions of the promissory note referred to herein and -
:ecu~ed hereby, ond all installments tfiereof, and olso onr ofher notes which hove been or may be given to fhe Mortgagee by the
Mortgogor, and any other indebtedness of tfie Mortyogor tQ thc Mortga~ee which, however, shoti not exceed af any one tirne
the a~g~eyote unpaid printipal s~m of
----THIRTY FOUR THOUSAND AND N.O1100_ -----------------p~~an (i 34 , OOa __Q_0_.
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it being the spetiRc infenfion thot further advences may be made by the Mortgogee ot its option to the Mortgagor, either'prior fo
or oher fhe due dotes of fhe above referred to promissory note herebr ser~red; and this mortgoge is given for the specifit
purpose of seturing onr ond oll indebtedness by the Mortgogor to the Mortgogee in whatrver manner the same may be evi-
denced or represented, until tfiis morf~oge is satisfied of recerd; and oll corenants and agreements~tontoined in this mortgoge
sholl be opplicable fo oll further ond future edvances mode br the Mortgogee to the Mortgogor and aN other indeb~edness of
Mo?tpa~or to 1he Mo~tpcpee, and ony ond aH renewols or exfen:ions thereof.
SEVENTEENTH: This Mortgage is subject to all the terms of a Construction
Loan Agreement, of even date, .the same as if said agreement were set out
herein in full.
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gfl~284 577
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