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income, profits, issues and reverx,es are hereby mortgaged os if spscificolly set forth and described M the granting and hobendum
clauses hereof, and such rsceiver :boll how alt the brood and effective functions and powers in any wise entn,:ted by o court to 0
receiver, and such appdntment shall be mock by such court os on odmittac~ equity and o matter. of absolute right in the Mortgagee,
and without reference b the adequacy or irwdegcwcy of the votes of tht property mortgaged, or to the sohrenry or .ir?solverKy of
the Mortgagor ar?d/a the ckfer?dont and such rents, profits, income, issues and rerenues shall bs applied by the receiver octordirg .
to the lien and/or c~uity of this mortgage and the practice of such court, ord such oppdntment of receiver shall bt without notice
to any obligor hereundkr.
NINTH: The Mortgagor hereby waives all rights of homestead and exemption grunted by the Constitution and lows of
Flarido. It is spetifkolly agreed that time is of the essence in this contract and that rw waiver by the Mortgagee of a<,y obligation
hereunder a of the obligation secured hereby shall of any time thereafter be held to be o waiver of the temu hereof or of the
obligation secured hereby.
TENTH; If all or any port of the above described property or on interest therein is sold a transferred by the Mortgagor,
or his successor in interest, without the Mortgagee's prior written consent, excluding (o) the creation of o teen a encumberonte
subordirwte to this matgoge, (b) the creation of a purchase money security interest for tqusefwld oppleonces, (c) o tronsfsr by
devise, descent ar by operation of low upon the depth of o joint tenons; or (d) the grant of any koselwld interest of three years
or less not contoinirg on option b purchase, the Mortgagee may, of the Mortgagee's option, decbre all the. sums secured by this
nwrtgoge b be imtnsdiately due cued payable. The Mortgagee :boll hove waived such option b occekrote if, prior b the sok or ,
tronsfar, the Mortgagee and the person b whom the above-described property is b be said or transferred reach agreement Mwrit-
ing that the credit of wth person is satisfactory to the Mortgagee and tiwt the interest payable on the sssms secured by this
mortgage shall be of such rate os the Matgogee shall request.
ELEVENTH: If foreclosure proceedings of~ any second mortgage or second trust decd or any junior lien of any kind should
be instituted, the Mortgagee may, at its option immediately or thereafter detbre this mortgage and the indebtedness secured here.
by due and payable. ~ ,
TWELFTH: That in the event the premises hereby mortgaged, or any part thereof, shot! be cor~damned and token for public
use under tf+e power of eminent domain, the Mortgagee :boll have the right to dernond that all donnoges awarded for the takitg
of or damages b said premises :boll be paid b the Mortgagee, up b the amount then unpaid on this mortgage and the obligation
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secured hereby and mvy opipiied i - w; i~i~k t!+ii ~ and the obligation secured hereby?
THIRTEENTH: That installments, payable under the terms hereof and the note secured hereby, not paid when due, shall
be subject, after fifteen ()S) days fr~an the due dote thereof, band it is agreed Mortgagee shall collect thereon and therewith,
o "tote charge" in the omamf of four per cent (496) of the installment due upon each such delinquent installment, and such "bte
charges" ore segued by the lien hereof. -
. FOURTEENTH: Without impairing the obligations of Mortgagor contained in paragraphs SECOND, THIRD and FOURTH
hereof, and for oppficotion b the purposes thereof insofar os the some :half be sufficient, Mortgagor shall, in oddd;tion to the
monthly payments of principal and interest os stated in the original note (and in the note or notes secured hereby) provided b be
mode, pay a monthly sum and amount aqua! to one-twelfth (1/)2) of the estimated orunuol foxes, assessments and inwronce
premiums upon the reel estate security, os the ano~nnt thereof is determined from time to time by the Mortgagee.
FIFTEENTH: That the Mortgagor shall furnish omually, of the request of the Mortgagee, financial statements in form
and certified in a manner sotisfoctory to the Mortgagee..
SIXTEENTH: This mortgage secures on existing indebtedness or?d 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 hereafter be given to the Mortgagee by the Mortgagor, and any other indebtedness of the Mortgagor to the RAartgagee,
ontl this mortgage is also intended to be and is o mortgage to secure payment of any and all future or additiorwl advances mode
by the Mortgagee of its option b the Mortgagor, a his successor in title, for any purpose, b the scone extent as if such future or
odditionol 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 any advance is mode.
Ail such advances ore to be mode within twenty yeon from the dote of this mortgage, or within such lesser period of timr os may
be provided hereafter by low os opre-requisite for the sufficiency of actual notice or record rwtice of the option of future or oddi- •
tionol advances os 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 to time, but the total unpaid balance so secured of any one time :boll
not exceed o maximum principal amount of T$P THOIISAND FOUR flDPDRBD $ZGHTY-TWO DOLLARS
AND 12/100----------------------------------~-------- 10,482.12-- )
plus interest thereon, and any disbursements mode for the payment of foxes, levies or inwronce on the property covered by the
lien of this mortgage, with interest on such disbursements.
SBVBNTEBNTH: The Bank shall be entitled to reasonable attorneq's
fees and costs on appeal.
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