The URL can be used to link to this page

Home My WebLink About0861 N ~ncome, profits, iuues ond revenues ore he?eby mortgoged os if specificolly set forth ond described in the 9~onting and hobendum ~ clauses hereof, ond wch receiver shcll hove oll the b~ood ond effective functions cnd powers in ony wise entrusted by o coun to 0 receive?; ond such oppointment sholl be mode by such coun os on odmitted eQuity ond o motter of obsolute ripht in the Mat~ee, ~ ond without reference to the odequocy o? inodequxY of the volue of the prope~ty mortgoged, w to the solvency or insolvency of ~ the Mortgo~or cnd/or the defendont or?d such rmts, profits, income, issues ond revenues shall be applied by the receiver occo~ding ; to the lier+ o~d/o~ equity of this mortgoge ond the proctice ot such court, and such oppointment of rcceive~ sFwll be without ++otice to ony obliyor F+ereu~der, i 3 NINTH: The Mort~ogor hercby woives all r~ghts of homesteod ond exemption granted by the Constitution ond lows of Florido. It is specifically ogreed tFwt time is of the essence in this controct ond thot no waiver by the Mortgogee of ony obligotion hereunde~ or of the obligotion secured hereby sFwll at ony time thereoher be held to be o weiver of the te?ms hereof or of the obligation setured hereby. ' ; TENTH: If oll or ony port of the above destribed p~operty or on inte~est therein is sold o~ trcnsferred by the Mo?tgogo~, ~ or his succeuor in interest, wiN~out the Mo?tgogee's prior w~itten consent, excluding (a) the creotion of o lien or encumberonce ~ subo~dinote to this mortgoge, (b) the creation of o purchase money seturiry interest for househotd oppliantes, (c) o tronsfer by ~ devise, descent or by operotion of lovr upor+ the deoth of o joint tenont, or (d) the grant of ony leosehold interest of three yeors ~ or less not containing o~ option to purchose, the Mo?t9ogee moy, et the Mo?tgogee's option, detlore eU the wms setured by this mortgoge to be immediotely due and payable. The Mortgogee sholl hove woived wch option to occelerote if, prior to the sole or :ronsfer, the Mortgogee end the person to vrhom the obove-destribed property is to be sold or transfer~ed reoch ogreement in writ- ing thot the credit of wch person is sotisfactory to the Mortgogee ond tho't the interest poyoble on the sums secu~ed by this ' mortguge shotl be at such rete os the Mortgogee sholl request . ELEVENTH: If foreclosure proceedings of ony second mortgage or second trust deed or any ~unior lien of ony kind should be instituted, the Mortgogee may, ~ot its option immediotely or thereefter declore this mortgoge ond the indebtedness secured here- by due ond poyoble. TWELFTH: Thot in the event the premises hereby mortgoged, or ony part thereof, sholl be condemned ond taken for public use under the power of eminent domain, the Mortgogee shol~ hove the right to demond thot all damoges awarded for the toking of or domoges to soid premises sholl be poid to the Mortgogee, up to the umwint then unpaid on this mo?tgage and the obligotion secured hereby and mey be opplied upon the poyments last poyoble unde~ this mortgoge ond the obligotion secured hereby. ; ~ THIRTEENTH: That instoflments, poyoble under the terms hereof and the note secured hereby, not poid when due, sholl~ ~ be wbjett, oher fifteen (15) doys from the due dote thereof, to,ond it is ogreed Mortgoyee sholl collect thereon and therewith, ~ a"lote charge" in the amount of four per cent t496) of the installment due upon each such delinquent instullment, and wch "lote } cFwrges" ore secured by the lien hereof_. ~ ~ FOURTEENTH: Without impairing the obligotions of Mortgagor contained in poragrophs SECOND, THIRD and FOURTH hereof, ond _for opplication to the purposes thereof insofor os the some shall be sufficient, Mo~tgogor shall, in odddition to the ~ monthly poyments of printipal ond interest os stoted in the originol note (and in the note or notes secured hereby) provided to be mode, poy a mvnthly wm ond amount equol to one-twelfth (1/12) of the estirr~ted onnuul taxes, asse~sments and inwronce premiums upon the reol estote seturity, as the amaint thereof is determined from time to time by the Mortgagee_ FIFTEENTH: Thot the Mortgogor shall furnish onnually, ot the request of the Mortgogee, finoncial statements in form ` and certified in o rrwnner sotisfectory to the Mortgogee. ~ ' ~ i ~ ; SIXTEENTH: This mortgoge secures on existing indebtedness ond ulso secures ony ond all renewols ond extentions of the ~ promissory note referred to herein and secured hereby, and oll instollments thereof, artd olso ony other note which moy ixive been 1 or moy hereafter be given to the Mortgogee by the Mortgogor, and any other indebtedness of the Mortgogor to the Mortgagee, ~ ond this mortgoge is also inter~ded to be ond is a mortgoge to secure poyment of any ond all future or additionol advonces mode ~ by ti~e Mortgogee at its option to the Mortgogor, or his wtcessor in title, for ony purpose, to the some extent as if suth future or additionol advonces were mode on the dote of the execution of this mortgoge, although there moy be no advonce mode at the ~ time of the execution of this rrwrtgage and although there may be no indebtedness outstonding ot the time ony odvante is made. ~ All wch odvontes are to be mode within twenty yeors from the dote of this mortgage, o~ within such lesser period of time os moy be provided hereafter by law os a pre-requisite for the wfficiency of octuol notice or reco~d notice of the option of future or addi- tionot advantes os ogoinst the rights of credito~s or subsequent purchosers for valuoble consideration. The totol indebtedness se- cured by this mortgage rr~oy decceose or increose from time to time, but the total unpoid bolance so secured at ony one time shoN not exceed o maximum principol omount of F1~~Y ~:i$~lt Z'~l~ouS~Tld At1d id0/100------------------------ ~ - ~ - ts ~z~0.~ ) plus interest thereon, and ony disbu~sements made for the poyment of taxes, levies or inwrance on the property covered by the lien of this morfgoge, with interest on suth disbursements. _ ~ . ;s - w ~ C ~ - a ~ . ~ ~I ~ ~yIi 5 i e Boo!c e~~7 ~'A~E -3- ~ ~.y - - - - , . ~ _ " _ . _ . _ ~ ~ . <L e~~ r r,