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HomeMy WebLinkAbout2383 RIDER ATTACHED TO AND MADE A PART OF THAT CERTAIN MORTGAGE DEED WHEREIN CHARI.BS A. LLOYD, A MARRI$D MAN, IS MORTGAGOR, AND FIRST AMERICAN HANK OF DAVIE IS MORTGAGEE, DATED SBPTEMHER 26, 1979. _ This mortgage secures an existing indebtedness and shall also secure such future advances, which may be made at the option of the mortgagee, as are made within five years from the date ` hereof, to the same extent as if such future advances were made on the date of execution hereof., in accordance with Florida Statutes Section 697.04; provided that the total unpaid balance so secured at any one time shall not exceed a maximum principal amount of $ 50;400.00 , plus interest thereon, and any disbursements made for the payment of taxes,. levies, or insurance on-the property _ covered-by this mortgage with interest on such disbursements. If the mortgagee institutes a suit to foreclose this mort- gage, he shall be entitled to apply at any time to the Court having jurisdiction thereof for the appointment of a receiver of the mort- gaged property and of all rents, incomes, profits, issues and revenues thereof, from whatever source derived; the Court may forthwith appoint such receiver with the usual powers and duties - of receivers in like cases, and said appointment shall be_made_by the Court as a matter of strict right to the mortgagee, without reference to the adequacy or inadequacy of the value.of the property hereby mortgaged or to the solvency or insolvency of the mortgagors or of any other party defendant to such suit. Mortgagors hereby waive any right to object to the appointment of ~ receiver as - aforesaid and consent that such appointment shall be made as an - admitted equity and as a matter of absolute right to the mortgagee and it may be done without,~notice to the mortgagor. - _ To further secure the indebtedness of the mortgagors to the mortgagee, the mortgagors sell, assign, transfer, and set over unto the mortgagee all of the rents, issues and profits of the mortgaged premises; this assignment shall became operative upon _ _ any default being made by the_ mortgagors under the terms of this mortgage or the note secured hereby, and-shall remain in full-force and effect so long as any default continues to exist in the making of,any of the payments or performance of any of the covenants of this mortgage or the note secured hereby, and the mortgagee shall have the right to enter upon the premises and collect same directly from ers p ons in possession. ~ _ Mortgagors shall exhibit to the mortgagee paid receipts for- - a1_1 real estate taxes at least thirty (30) days prior to the date upon which said taxes shall become delinquent. 4S'Ede~, le al o equ ab ti e , right to oss ss' n , n the abov de rib pro ert is an fer d ro th mo ga rs _ ~ herein the ort gee, at 'ts ti , y cl e e ti e 1 :A _anc _ _ ure by hi mo tg e e at y e Iris and aya e. f th mo gag e d es of xe is it op o , t en_ ~ th mor gago sha pa a an er ee f 00 0 t e r agee ~ u on y s tr sf to ay or he co o adj st' g s ecords. . _ Any any time during the life of this Mortgage Deed and the Mortgage Note which it secures, Mortgagee, at its option, r.±ay. require mortgagor and/or any of the principals of the mortgagor corporation, if said mortgagor.is a corporation, to deliver to mortgagee a current signed financial statement. Such signed financial statement(s) shall be delivered to mortgagee within thirty (30j~ days after request- is made by mortgagee for same. Failure to comply with the provisions of this paragraph shall - constitute default under the *_erms of this instrument and the note which it secures. ~ - I - - _ - ~ ~ B~x317 P~2~380 . GOODMAN. LEMBEGK. PLEETER AND WE©©ER i