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utoorrte, profits, issues and revenues ore Mreby mortgaged os if specifically set forth and described in the granting and habendum
douses hereof, and such roceiver shall hove all the broad and effective functions and powers in any wise entrusted by a court to a
receiver, and such appointttnent shall be made by such court os an admitted equity and a molter of absolute right in life Mortgogefa,
and without reference ro the adequacy or inadequacy of the value of the property mortgaged, or to the solvency or insolvency of
tM Mortgagor. and/or the defendant and such rents, profits, income, issues and revenues shall be applied by the receiver according
to Mte lien and/or equity of this mortgaq~ and the practice of such court, and such appointment of receiver shall be without notice
to any obligor hereunder.
NINTH: The Mortgagor hereby waives all rights of homestead and exemption granted- by the Constitution and lows of
Fkuido. h is spacifkally agreed Mat time is of the essence in this tontrad and shot no waiver by the Mortgagee of any obligation
hereunder or of the obligation secured hereby shall of any time thereafter be held to be o waiver of Me terms hereof or of the
obligation seared hereby.
TENTH: Upon any sole, transfer a conveyance of the property herein described and covered by this Mortgage to any _ -
pe.son, firm or corporation, whose credit-worthiness has not been approved in writing by the holder of this Matgoge, the Mortgagee
or holder shall hove the right, at its sole option, to accelerate .the maturity of this Mortgage as though it were due and poyobk
on the day of ~ such transfer, if upon notice of said transfer, the Mortgagee or holder has, good reason to believe shot the security
of the Mortgagee or holder has been twrrned or ptoced_in jeopardy. The Bonk shall receive o complete current financial state-
ment in o form and presentation satisfactory to the Bonk.
aEVB~TH: If forackxure proceedings of any second mortgage or second trust deed or any junior lien of any kind should
be instituted, the Mortgagee may, at its option immediately or thereoher declare t:tis mortgage and the indebtedness seared
hereby due and poyoble. -
TWELFTH: That in the event the premises hereby mortgaged, any part thereof, shall be condemned and taken for public
use under the power of eminent domain, the Mortgagee shall hove the right ro demand that alt damages awarded for the taking
of or damages ro said premises shat! be paid to the Mortgagee, up b the amount then unpaid on this mortgage and the obligation
seared hereby and may be applied upon the payments last payable under this mortgage and the obligation seared hereby.
THIRTEENTHe Thot irotollments, poyoble under the terms hereof and the rare seared hereby, not paid when due, shall be
wbjed, oNer fifteen (15) days from the due dote thereof, % and it is agreed Mortgagee shall tolled thereon and therewith, a -
"late charge" in the amount of four per cent (4~) of the installment due upon each such delinquent installment, and suds "late
charger are seared by the lien hereof. -
FOURTEENTH: Without impairing the obligations of Mortgagor aarttained in paragraphs SECOND, THIRD and FOURTH -
hereof, and for application ro the purposes thereof insofar os the same shall be sufficient, Mortgagor shall, in addition rothe -
monthty Payments of prinapal and interest as stated in the original note (and in the note or notes secured hereby) provided ro be
made, pay o monthly sum and amount equal to one-twelfth (1/12) of the estimated amual taxes, assessments and insurance
~ premiums upon the real estate searity, os the amount thereof is determined from time to time by the Mortgagee.
flFTEENTN: That the Mortgagor shall fundsh anrwally, at the request of the Mortgagee, financial statements in form and
certified in a manner satisfactory to the Mortgagee.
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SIXTEENTH: This mortgage also secures any and all renewals and extensions of the promissory rate referred to herein and
secured hereby, and all installments thereof, and also any other notes which have been or may be given to the Mortgagee by the
Mortgagor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed at any one time
FIFTEEN THOUSAND AND 00/100
the aggrosate unpaid principal s~;m of - _ _
15, 000.00 _
_ - - _ ----Dollars (i - - 1.
it being the specifk: intention that further advances may be made by the Mortgagee of its option to the Mortgagor, either prior ro
a after the due dates of the above referred ro promissory note hereby seared; and this mortgage is given for the specific
purpose of securing any and all indebtedness~y the Mortgagor to the Mortgagee in whatever manner the same may be evi-
denced or represented, until this mortgage is satisfied of record; and all covenants and agreements contained in this mortgage
shall be applicable ro all further and future advances made by the Mortgagee to the Mortgagor and all other indebtedness of
Mortgagor to the Mortgagee, and any and all renewals or extensions thereof.
- g~~x317 PA~E~.110
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