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income, profits, issues and revenues are hereby mortgaged os if specifically set forth and described in the grouting ond.hobendum i
clauses hereof, and such receiver shall hove all the brood and effective functions and powers in any wise entrusted by o court too
receiver, and such appointment shall be mode by such court os an admitted equity and o matter of absolute right in the Mortgagee, ~
and without reference to the adequacy or inadequacy of the value of Me property mortgaged, or to the solvency or insolvency of
the Mortgagor and/or the defendant and such rents, profits, income, issues and revenues shall be opplied by the receiver according
to the lien and/or equity of this mortgage and the practice of such court, and such appointment of receiver shall be without notice
ro any obligor hereunder. ~ #
NINTH: The Mortgagor hereby waives all rights of homestead and exemption granted by the Constitution and lows of
Florida. It is specifically agreed that time is of the essence in this contract and that no waiver by the Mortgagee of any obligation
hereunder or of the obligation_ secured hereby shall of any time thereafter be held to be a waiver of the terms hereof or of the
obligation secured hereby.
Tti: U on sole transfer a conveyance of the property herein described and covered by this Mortgope to any
TEN pan Y I
person, firm a corporation, whose credit-worthiness has rat been approved in writirsg by the holder of this Mo`tgope, the Mortgagee 1
or holder shall hove the right, of its sok option, to accelerate the maturity of this Mortgage os ~ though it were due and poyobk
on the day of such transfer, if upon notice of said transfer, the Mortflopee or holder has good reason to believe shot the security
of the Mortgagee a holder has been horned a pbced in jeopardy. The Bonk shall receive o complete current financial stote-
s
ment in o form and p?esentotion satisfactory to the Bonk
QE1/ENTH: If forecbsure proceeding: of any second mortgage or second trust deed or any junior lien of any kind should
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be instituted, the Mortgagee may, at ifs option immediately or thereafter dsdare this mortgage and Me indebtedness secured
hereby due and payable.
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TWELFTH: That in ~Mse event the premises hereby mortgaged, or any. port thereof, shall be condemned and taken for public
use under the power of eminent domain, Me Mortgagee shall have Me right fo demand that all damages awarded for the taking
of or damages to said premises shall be paid to the Mortgagee, up to the amount then unpaid on this mortgage and the obligation
seared hereby and may be opplied upon the payments lost payable under this mortgage and the obligation seared hereby.
THIRTEENTH: That irutallments, payable under the terms hereof and the note secured htrreby, not paid when due, shall be
subject, after fifteen (151 days from the due dots thereof, to, and it is agreed Mortgagee-shall collect thereon and therewith, a ?
"late charge" in the amount of four per cent (4~1 of the installment due upon eadt such delinquent installment, and such "late
charges" are seared by the lien hereof. ~
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FOURTEENTH: Without impairing the obligations of Mortgagor .contained in paragraphs SECOND, THIRD and FOURTH
hereof, and for opplicotion to the purposes thereof insofar as the some shall be sufficient, Mortgagor shall, in addition to the
monthly Payments of prirtdpvl and interest as stated in the original note (and in the note or notes seared hereby) provided to be
made, goy o monthly sum and amount equal to one•twelffh (1/12) of the estimated onrtual foxes, assessments and inwrance
premiums upon the real estate security, os the amount thereof is determined from time to time by the Mortgagee.
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' ~ HFTEENTH: That the Mortgagor shall furnish annually, at the request of the Mortgagee, finandal statements in form and i
certified in o manner satisfactory to the Mortgagee. ~
SIXTEENTH: This mortgage also snares any and all renewals and extensions of the promissory note 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 t
Msrjgdgor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed of any one time f
the aggregate unpaid principal sum of ~
- _ - - - _ _ Dillon (S-10rDOQ.90 1,
it being the specific intention that further advances may be made by the Mortgagee of its option to the Mortgagor, either prior to
or after the due dates of the above referred to promissory note hereby seared; and this mortgage is given for the specifk
purpose of searing any and all indebtedness by the Mortgagor to the Mortgagee in whatever manner the some may be evi-
dented of represented, until this rrwrtgage is satisfied of record; and all aavenants and agreements a~r?tained in this mortgage
shall be applicable to all further and future advances made by the Mortgagee fo the Mortgagor and all other indebtedness of
Mortgagor to the Mortgagee, and any and all renewals or extensions thereof. ' (
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