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income, profits, issues and revenues ore )~eraby rnortgoged as iP specifically set forth and described in the granting and hobendum
clauses hereof, and such receiver shall hove all the broad and effective functions and powers in ony wise entrusted by o court to 0
receiver, and such appointment shall be made by such court os on admitted equity and o matter of absolute right in the Mortgagee,
and without reference to the adequacy or inadequacy of the value of the property mortgaged, or to the solvency or insolve:xy of
the Mortgagor and/or the defendant and such rents, profits, income, issues and revenues shall be applied by the receiver according -
to the lien and/or equity of this mortgage and the practice of such court, and su.h appointment of receiver shall be without .notice
to ony obligor hereunder,
NINTH: The Mortgagor hereby waives oil rigF.ts of homestead and exemption granted by the Constitution and lows of -
Florido. It is specifically agreed that time is of the essence in this contract and that no waiver by the N~ortgagee of ony cbtigotion
hereunder or of tha obligation secured hereby shall of ony time thereafter be held to be a waiver of the terms hereof or of the
obligation secured hereby. -
TENTH: If all or ony port of the above described property or on interest therein is sold or transferred by the Mortgagor, _
or his successor in interest, without the Mortgagee's prior written consent, excluding (o) the creation of o lien or encumberonce
subordinate to this mortgage, (b) the creation of a purchase money security.inte~est for household appliances, (c) o transfer by
devise, descent or by operotwn of -low upon the death of o joint tenant, or (d) the grant of ony leasehold interest of three years
or less not containing on option to purchase, the Mortgagee may, at the Mortgagee's option, declare all the sums secured by this
mortgage to be immediately due and payable. The Mortgagee shall have wowed such option to accelerate if, prior to the sole or
transfer, the Mortgagee and the person to whom the above-described property is to be sold or transferred reach agreement in writ-
ing that the credit of such person is satisfactory to the Mortgagee and that the interest payable on the sums secured by this
mortgage shall be of such rote os the Mortgagee shall request.
ELEVENTH: If foreclowre proceedings of any second mortgage or second trust deed or ony junior lien of ony kind should
be instituted, the Mortgagee may, at its option immediately or thereafter declare this mortgage and the indebtedness secured here- -
by due and payable. _ -
TWELFTH: Thof in the event the premises hereby mortgaged, or ony port thereof, shall be condemned and token for public
use under the power of eminent domain, the Mortgagee shall hove the right to demand that all damages awarded for the taking
of or damages to sold premises shall be paid to the Mortgagee, up to the amount then unpaid on this mortgage 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 terms hereof and the note secured hereby, not paid when dues shall
be wbject, offer fifteen (15) days from the due dote thereof, toond it is agreed Mortgagee shall collect thereon and therewith, -
o "lute charge" in the amount of four per cent (49b) of the installment due upon each such delinquent installment, and sucfi "tote
charges" ore secured by the lien hereof. -
FOURTEENTH: Without impairing the obligations of Mortgagor contained in paragraphs SECOND, THIRD and FOURTH
` hereof, and for application to the purposes thereof insofar as the some shall be sufficient, Mortgagor shall, in addditian to the -
monthly payments of principal and interest os stated in the original note (and in the note or notes secured hereby) provided to be
mode, pay o monthly sum and amount equal to one-twelfth O/)2) of the estimated annual foxes, assessments and insurance
j premiums upon the real estate security, os the amount thereof is determined from time to time by the Mortgagee.
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FIFTEENTH: That the Mortgogo~ shall furnish annually, of the request of the Mortgagee, financial statements in form
and certified in o manner satisfactory to the Mortgagee. -
SIXTEENTH: This mortgage secures on existing indebtedness and also secures any and all renewals and extentions of the
promissory note referred to herein and secured hereby, and all installments thereof, and also any other note which may hove been
or may.hereofter be given to the Mortgagee by the Mortgagor, and any other indebtedness of the Martgogor to the Mortgagee,
and this mortgage is otso intended to be and is o mortgage to secure payment of any and all future or additional advances mode
by the Mortgagee of its option to the Mortgagor, or his_successor in title, for ony purpose, to the same extent os if such future or
additional advances were made on the date of the execution of this mortgage, although there may be no advance made at the
time of the execution of this mortgage and although there may be no indebtedness outstanding of the time ony advance is made.
AI! 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 low os opre-requisite for the sufficiency of actual notice or record notice of the option of future or oddi- `t
tional advances os against the rights of creditors or subsequent purchasers for valuable consideration. The total indebtedness se-
cured by this mortgage may decrease or increase fronn time to time, but the total unpaid balance so secured of ony one time shall
not exceed o maximum principal amount of THIRTEEN THOUSAND FIVE HUNDRED SEVENTY-FOUR
DOLLARS AND 05/100=----------- 13-.574.05--
plus interest thereon, and any disbursements made for the payment of foxes, levies or insurance on the property covered by the
E lien of this mortgage, with interest on such disbursements.
SEVENTEENTH: The Bank shall be entitled to reasonable attorney's
fees and costs on appeal.
g~~3~7 P~f 823