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Home My WebLink About2599 _ _ ~ -.w-.~- ~ ..~~"-..r+.-ems-. ~+s -t .,..r_ r ._.w~.. -.s~ a~i.-- a ae ~ ..4 1...~-...a`.cwt.-~._~._..?_.AI.:~.~-~.~\>,~~ • ~ J. ? _ incorr+e, profits„ issues and revenues,ore hereby mortRoRed os if specifiaolly set forth and described in the R~nR and hobendum causes hereof; and such retNver shoo hove oN the brood and efhctiw functions and powm in ony wins entrusted by o Court b o recNwi', and such oppoinhnent shall be mode by such court os on adinithc~ equity and o molter of obsolete right M the MortRogse, and without reference b the odpuocy or inodequocy of the value of tM property matRpRed, ar b the solwrrcy or. Msolvency of the MortRoRor and/or the dtfendorN and such pints;, profits, ir><orrle, issues ond, reverxres sho11 be applied by the receiver occordinR b Ilse lien ~/a putty of this mortRoRt and tM practkt of such court, and such oppohliment of receiver shop be without notkt tiD Oily obti~or tlereurldsr, - _ NINTH: The MortgoRa hereby woives oll rights of homesteod and exemption Rronted . by the Constitutan orld lows of Florido. It is specificoly oRresd shot time K of the essence in this contract and that no waiver by the iiAortRoRss of any obliRotion hereunder or of. the obliRotion seared hereby shotl of ony time thereofter be held to be o waiver of the tenor hereof or of the obl'iRotan second hereby. TENTH: If oll a any port of the above described property or an interest therein is sold or troauferred by the MortRoRor, or his successor M interest, without the MortRogee's prior written consent, excluding (o) the crcotion of o Tien or erxurnberance u~bordinoM to this mortRoRe, tb) the creotion of o purthose money security interest. for houselwld opplances„ kl o tronafer b!? drvist, descent a b!? operation of tow upon the depth of o ioint tenant, or (d) the Qront of orry leosehold interest of three ytoa . or less rwt oontoinirg an option b purchose, the fiAottRoRee moy, of file MortRogae's option, dedore oll the sums secured by this mwtgoRe b be hirwYledwtey due and poyobk. The MortRo~ee shop have wowed such option to occeterote if, prior to the :ole or transfer, the MortRogee and the person b whom the above-described property is to be sold or transferred reach agreement M writ- inR shot the crept of such person is sotisfoctory b the MortRogee and that the interest poyabk on the sums secured by this mortgage shall bt• of such rote os the MortRogee shop request. ~ ~ ' . H.EVENTH: tf fareclos+ue proceedings of prey second mortgoRe or second trust deed or prey junior lien of prey kind should _ be instituter, file MatRoges may, at its option irrlmediotey ar thereafter declorc this nartRoRe and the indebtedness secured hers- _ by due and poyabN. 11NELFTH: Thos in the event file premises hereby mortRoRed, oc prey, port thereof, shop be oorKien+ned and token for public use under the power of eminent domain, the MortRoRee shop hove the. right b derrwnd that all darrw9es awarded for file taking of or domoRes b sold premises sho11 be paid b the Mortgagee, up b the omarn! then unpaid on this mortgage ord file obliRotion secured hereby and may be op~ied upon the payments bst poyoble under this mortRoge and the obligotian secured hereby. THIRTEENTH: Thos installments, payobk under the temps hereof and the note secured hereby, not paid when due, shop be subject, offer fifteen (15) dogs from the due dote thereof, bond it is o~reed Mortgagee shop collect thereon and therewith, a -'ate cilor~e:: in file arnaxlt of four per cenT (4~) rif the instalin~.~t d~ upor+ evci: such delint ir~stallrrsnt, and such "b!r chorRes" ore securod by the lien hereof. . FOURTEENTH: Without impairing the obliRotions of Mortgagor contained in porogrophs SECOND, THIRD and FOURTH hereof, and for opplkotion b the purposes thereof iruofor os the some shop be sufficient, Mortgagor shop, in odddition to the m~onthy poyrnents of principal and interest os stated in the original note (and in the note or notes secured hereby) provided b be made, pay a mouthy sum and orrlarnt equal bone-twelfth (1/12) of the. estimated onnuol foxes, assessments and insurance premiums upon the real esbte security, os the amount thereof is determined from time to time by the Mortgagee. FIFTEENTH: That the Mortgagor shop famish onnuolly, of the request of the MortRogee, finonciol stotemenis in form and certified in a moaner sotisfoctory b the Mortgogce. - i SIXTEENTH: This mortgage secures on existing indebtedness and also secures prey and otl renewals and extentions of the promissory rwte referred b herein and seaeed hereby, and all installments thereof, and also any other note whid? may have been f or may hercofter be Riven b the Mortgogse by the Mortgagor, and prey other indebtedness of the Mortgagor b the AAortRogee, and this mortgoRe is olsa intended b be and is o mortgage b severe payment of prey and all future oa odditionol odvonces mode by the MortgoRee of its option b the Mortgagor, or his successor in title, for prey purpose, b the some extent as if such future or odditionot odvarrces were made on the dote-of the exeaution of this mortRoge, olthagh there may be ra odvonce mode at the time of the execution of this mortgogs orld although there may be rw indebtedness outstanding of the time prey odvonce is mode. All such odMOrlces ore b be mode within twenty years from the dote of this mortgage, or within such lesser period of time ~ may be provided hereafter by law os opre-requisite for the sufficiency of octuol notice or record notice of the option of future or oddi- tionol advances as ogoinst the rights of creditors or wbsequent purchasers for voluoble consideration. The btol Indebtedness se- cured by this rrwrtgoge may decrease or increase trap time to time, but the total unpaid bolonce so severed of prey one time shop not exceed a maximum principal amount of FOUR THODSAND FIVE HIINDRED THIRTY-NINB DOLLARS and 96/100---------------------~----------- 4,539.96-- 1 pies interest thereon, and or>y disbursements mode for the payment of Coxes, ievies or inwrance on the property covered by the lien of this mortgage, with interest on such disbursements. - SBVBNTEBNTH: The Bank shall be entitled to reasonable attorney. fees and costs on appeal. 8325 P~2;i93