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incomme, profits, issues and rovenues aro hereby mortgaged as if spscificolly set forth and described in the grunting and hoberdum
clousss hereof, and such receiver :bolt how all the broad and effective functions and pawsrs in any wise entrusted by a court b o
receiver, and such sppointment shall be mode by such court os on admitted equity and o matter of obsdute right in the Mortgagee,
and without rohronce b the adequacy a inadequacy of the votes of the property mwrtgoged, or b the sotvertcy or insolver+ry of
the I~~ortgogor and/or the defendant and such rents, profits, income, issues and revenues :boll be applied by the receiver xoardirp
to the lien and/a equity of thts matgoge and the proGtice of such court, orid such appointment of receiver stroll be without notke
to ony obligor hereunder. '
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NINTH: The Matgogor hereby wolves all rights of homestead and exemption granted by the Constitution and lows of
Florida. It is specifically agreed that time is of the essence in this contract and thot'no waiver by the Mortpopea of ony obligation
hereunder or of the obligation secured hereby :boll at ony time thereafter be held to be o waiver of the terms hereof or of the
obligation secured hereby.
TENTH: If all or any port of the above described property or on ?nterest therein is sold-or transferred by the-Mort~ogor,- -
or his successor in interest, without the Mortgagee's prior written consent, excluding (o) the creation of o lien or encurnberonce
wbordinate b this rrwrtgoge, (b) the creation of o purchase money security interest for household opplionces, (c) o transfer by
devise, descent a by operotiore of low upon the death of o joint tenant, or (d) the grunt of orry leasehold interest of throe years
or less not combining on option bpurchase,-the Mortgagee may, of the Martgogee's option, decbro all the sums secured by this -
mortgage b be immediately due and payable. The Mortgagee :boll have waived such option b occekrote if, prior to the sok or
transfer, the Mortgagee and the person b whom the above-described Property is to be sold or transferred reach oprearrient in writ-
ing that the credit of such person is satisfactory b the Mortgagee and that the interest payobk on the sums secured by this
mortgage shall be of .such rote as the Mortgogea shall request.
ELEVENTH: If foreclosure proceedings of ony second mortgage or second trust deed or any junior lien~of ony kind should
be instituted, the Mortgagee may, of its option immediately or thereafter decloro this mortgage and the indebtedness secured here-
by due and payable.
TVI/ELFTH: That in the event the premises hereby mortgaged, or any port thereof, shall be corKtemned and bken for public
use under the power a~f eminent domain, the Mortgagee shall hove the right to demand that all dorrwges awarded for the bking
of or damages b said premises shall be paid b the Mortgagee, up b the amount then unpaid an this martgoge and the obligation
secured hereby and may be applied upon the payments lost payable under this mortgage and the obligation secured hereby.
THIRTEENTH: That installments, payable under the temps hereof and the note secured hereby, not paid when due, shall _
be subject, offer
fifteen
{)3)-days from the due dote thereof, toond it-is agreed Mortgagee 3hall~allect-tfsere~~6m~therewith;
a "lots charge" in the amount of four per cent (496) of the installment due upon each such delinquent installment, and such "tote
charges" ore secured by the lien hereof.
FOURTEENTH: Without impairing the obligations of Mortgagor rontoined in paragraphs SECOND, THIRD and FOURTH
hereof, and for application b the purposes thereof insofar os the some stall be wfficient, Mortgagor shall, in odddition~ b tfie
monthly payments of principal and interest os :toted in the original note (and in the rate or notes secured hereby) pravided b be
mode, pay a monthly sum and amount equal bone-twelfth 2) of the estimated oruxiot taxes, assessrnents and inwronce
premiums upon the real estate security, os the amount thereof is determined from time b time by the Mortgagee.
f
FIFTEENTH: Tfat_the Mortgagor.sholl furnish annually, at the request of_the Mortgagee, financial. statements_n form.
E and certified in a manner sotisfoctory b the Mortgagee.
SIXTEENTH: This mortgage secures an existing indebtedness and also secures ony and all renewals and extentions of the
promissory rate referred to herein and secured hereby, and all installments thereof, and also any other note which may have been
or may hereafter be given b the Mortgagee by the Mortgagor, and ony other indebtedness of the Mortgagor to the Mortgagee,
and this mortgage is oleo intended to be and is a mortgage to secure payment of ony and all future or additional advances trade
by the Mortgagee at its option to the Mortgagor, or his successor in title, for ony purpose, ro the some extent as if such future or
additional advances were mode on the dote of the execution of this mortgage, although there may be no advance mode at the
time of the execution of this mortgage and although there may be no indebtedness outstanding of the time ony advance is mode.
All such advances ore to be mode within twenty years from the dote of this mortgage, or within such lesser period of time os may
be provided hereafter by law as opre-requisite for the wfficiency of actual notice or record notice of the option of Futuna a oddi-
tionol advances as against the rights of creditors or wbseQuent purchasers for valuable consideration. The total indebtedness se-
cured by this mortgage may decrease or increase from time b time, but the total unpaid bobnce so secured of ony one time shall
not exceed a maximum principal amount of SEVENTY-FIVE TEtOUSAND AND NO/100--------------------~~__
75,000.00 )
plus interest thereon, and ony disbursements mode for the payment of tuxes, levies or inwronce on the property covered try the
lien of this mortgage, with interest on such disbursements.
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