HomeMy WebLinkAbout0380 ~~fs '
inco~n~. proAls, iuws ond r~v~nu~• or~ h~rebr mortpoQed os if spttiFicallr i+? iortF? ond deuribed ~n th• ~ro~t~~q ond hob~ndum
clavs~s h~r~of~ Q1kI fYCA fKllYff =Ilpll hov~ o!! M~ b.ocd ond •ffsct~re (unctior+s ond poweri ~n any wis~ enlruit~d by o courl to 0
receivtr. and such oppanten~n~ shol! b• n+ode by such court as on odmined aquity c~d o motte~ of obsolute ri9h1 in th~ MoMqaQ~~,
ond without r~hr~nce to M~ odtquoq or inodequccy of the volue of Me prope~ty moh9o9ed, or ~o the solventr or insolv~ncy of
the Mo~tqa9or and/o~ M~ d~f~ndant a~d such ~enti, proAts, income, issues ond ?evenues shall be appl~ed by the ?eceiv~r ocwrdi~a
to M~ lien and/o? eqvity of Mis nw~tpo~e ond M• prac~ite of such court, ond suth oppoinimem of rece~ver shoN b• without nofit~
~o any oblipor her~under.
NINTH: The Mortqapor hereby woives all riyhts of homeitead and szemption gronted br the Constitution dnd laws of
florida. It is spetificallr apreed thot time is of Me essence in this conlroct and that ~o wo~ver by the Mortpoyes of anr obli~otion
he?eunde~ w of the obliQbtion secu~ed hereby sholl ot any time thereot~er be hetd to be o woiver oF the te~ms h~reof or of the
obli~olion secured herebr.
TENTN: Upon ony wle, transfer or ccx+veyonce of the prope.ty here~n described anQ covered by ?h~s Mortgofle !o ony
person, firm or corpwotion, whose ueEit-worthiness hos not been opproved m wnhng by rhe holAe. of rh~s Matgope, the Mortgogec
or holder sholl hove the righf, ot its sole opt~on, to eccele?ote the mau.ity of th~s Mortgoge os though ~t were due ond poyable
o~ the doy of such transfer, if upon notice of soid tronsfe., the Mo~rgogee or holder hos good .eos~ to believe thot the security
of the Mo~tga9ee or, holder hos been hormed a ploced ~n ~eopordy. The Bonk sholl .ecewe o complete wr.ent i~no~aol stote-
menf in o form ond presentohon Sptiifottory to ti?e Bonk.
;
BEVENTH: !f forecbsure proteedinQs of ony second mort~uge or second trvst deed or ony junior lien of any kind should
be instifuted, the Mortpopee may, ot its option immediotely or thereoher declare tn~s mortgoge ond the indebtedness secured i
hereby due ond porable.
TWaFTM: Thot in M~ evsnf the premises hsreby mortynged, any pan thereof, sholl be condemned ond taken fo~ public
~se under the power of eminent domoin, the Mo~tgogee shall hove the right to demond thar oll domages oworded for the tokinq
of or damcpes ro said pren+ises sholl be paid to the Mortgagee, up to fhs amount then unpoid on this mortgoge and the obligotion
secured herebr ond moy be applied upon the paymenls lost p~yable under this mongoge and the obli~ation secured hereby.
THIRTEENITH: Thet instollmenh, payoble under the te?ms hereof and the note secured hereby, not paid when due, sholl be
subject, aher Afteen (1S) da~n from th~ due date thereof, to, and it is agreed Mortgagee sholl collect thereon ond therewith, a
"late chor~e" in the amouM of fou? per cent (4%) of the i~utallment dus upon eoch such delinquent instaltment, ond such "fete
cha~~ei' ere :ecured by the lien henof. .
FOURTEENTN: WiMwut impoirin9 the obliyotions of Mort~opor tontoined in para~raphs SECOND, THIR~ ond WOURTH
hereof, ond for opplicotion lo the purposes thereof i~nofar os the same shatl be sulfitie~t, Mortgoyoi sholl, in oddition to the
mo~+thly paYmeMs of pri~cipal o~d inf~resf as stefed in the ori~irwl note (and in fhe nofe or notes secured hereby) p~ovided to be
made, por a moothly sum and amount equal to one-twelfth (1J12~ of the estimoted anrwal taxes, asseuments ond iruuronce
premiums upon fha real estate securif~?, os the amount thereof is determined from time to eime by the Mo~tga~ee.
PIFTEENTH: Thot the Mort~o9or sho11 furnish annuotty, of the request of the Morfgagee, finonaol statements en form and
ce?tified in a ma~ne~ sotisfottory to the Mortqogee.
SIXTEENTH: This nwirt~n~e atso setures any and all renewols and extensions of 1he promisso~y note referred ~o herein a~d
secured he~eby, ond oll iratellmsnts ffiereof, and atso ony other notes which have been or may be given to the Mortgogee by the
Moftgopor, ond any other indebtedness of the Mortyogor to the MortQegee which, howeve?, sholl not exteed at ony one time
the apprepote unpoid principa) sum of-- - - - -
-------TEN THOUSAND AND NO/I00--------------------- 10,000.00
- - - - - Ddlcn (S -
it beinp the speciAc intention thot further advances moy be made br the Mortgagee at its option to the Mortgagor, either prior to
or eher the due dafes of the above referred to promissory note hereby secvred; and this mortgage is given for the specific
purpose of securing aoy end all indebfednets br the Mortgagor to the Mortgagee in whotever monner fhc some mar be eYi-
der+ced or represenfed, untii this mort9oye is satisfied of record; and all tovenants and agreements contoined in this mortgoge
shail be applicable to oll furthar and future odvances made by the Mo?tgogee to the Mortgogor ond oll other indebtedness of
MortQapor fo the MoHpeQee, end ony ond oU renswols or extensions thereof.
SEVENTEEI3TH: This Mortgage and the Note which it secures shall be
construed under the Iaws of the State of Florida.
9!' RK ~9~, FAGE ~~Q
-3-
~
~ , , _ _ _ - - ~...V._.___--.,__
~cx r.~ . o- ~ . - ' _ ~ rK
T p,~~~~~ ~ s?...Z~
r~ ~