HomeMy WebLinkAbout0420 iecome, profits, issues and reveettres esre Aere?y ettatgeged a N spee3AtoNy Nt forth and described in Mte gronfing and habendwn
douses Mreol, and wdt reeeiner tltetM Acre esN Nte ?rood and eHedive fwtdions and power in Dray wise entrusted by o court b o
receiver, and welt oppolltiteetN efteN N tt?ode ?y wdt cowl os on odmiMed equity and o moNer of obsofuh riglN in Mte Moetpogee.
and wiNtout nfennte b ttto odegtroey a Mtodequoey of Mte voles of M+e property atortgoped, a b tM solvenq a iresolveeecy of
11te Mortgagor and/a 1M defendertt esttd ewdt rwth. proMs, tetoome, issues and rewewes shop be applied by the receirN oexading
b Nte lien and/a equity of this atorpoge erd Mte proctioe of sudt nowt. ond.wch oppoiekment of receiver shoN be wiNqut entice
b aety oblipa henwdN.
NINTH: TM Mortgoga herby waives aN riglMS of homestead oed exemption prorated by Nte Constitutions and bws of
Norida. N is spedflcoNy agreed Ntol Bate b of the essence in This control and shot eq waive. by the Mortgopet of Dray obligation
hereunder a of Nte obligatbn fecund herby shoN of Dray time 1Mreoher be held b be o waiver of N+e teens hereof a of the
obligation secured Mreby.
TENTH: Upon crap sole.lranshr or ooeweyorace of the property Main described oral covered by ttws ngrtpope b Defy
person, firm a oaporofiory not prwiowly approved in writing by the holder of (his nartpope, the Mortpopee a holder shop hove
Mte right b oeceleroh Nte atoturity of this aartgog• os MwuOh it wen des and poyoble on tM day of such trorasfN and b demand
payateM in tuts of the soil atoAgagc ontourN a crap unpaid bolonoc tMreof, and b exerefse oN the rights oral remedies herein a
by low reserved b soil Meretgogee file some os in Dray event of defouM Mreunder, onpthiep in the promissory note scarred
herby or herein b Ntc eteNrary rtoNtwllMtandieq.
dEVB~fTN: If fonclostrn proceedings of Defy second mortpoge a second trust deed a any junior lien of aty kind should
be MstihNed, the Matgogee app. at its option ienntedi~tely a tMnoftN dedon His mortpogc oed the indebtedness seared
hNeby des oral poyobfe.
TWaFTlfe ?hot M tM event 1M promises Mreby seortgaped, or any part (hereof, shah be oondeewered oral liken for public
use undN dte powN of crsfrtent doeetoirt, Mtc Mortgagee shots hove the right b demetnd tlrot oM domoges oworded fa Nie tokinp
of a damages b soil premises shoN itie gold b tltc Modgogee, up b the amount then unpaid on this mortgope oral the obligation
s.arnd herby and awy be applied upon file payments lost poyoble order this aartpogc and the obligation searad herby.
THIRTEENTH: That instaMmceMs, poyablc order the terms hereof and the note seared herby, not gold ~ des, shoN be
subject, after llheen (1'.~ days from the des doh Ntereof, b, and k ss opned Mortgagee shoR Doped thereon and Nterewitlt, o
"hate dtarge•• M Nte amount of four pN cent t4~ of Nte ie~stolfrersnt des upon colt salt delinqucett ieestalMeeek, oral sud+ "late
d+orges" on wowed by ttte Iles hereof.
FOURTEENTH: WMltotrt iretpoirierg the obligatan of Mortgagor contained in porogrophs SKOND, THIRD oral FOURTH
Mreof, and fa opplicotion b Nte pwpoees NtNeof insofar os the some shoN be sufficient, UI`orlgagor tltoN, in addition b the
raroe~ltfy Paparenfs ~ PrlneiPal oral YMNCd os stated in Nte original mote land in the note a notes scarred hereby! provided b be
erode, par a eewnthly soot oral amount equal b Doc-twelfth (1/t41 of tltc estimated cresol tones. osscstm«rs oral insurono.
premiwns upon Nte real esbh sttcwity, as Nte amount thereof a determi,+ed from time b time by >!rc Mortgagee.
FIFTEENTH: Thor Nte Mortpogar shag famish anwoNy, at Nte request of Mrc Mortgagee, finont9ol stotemeeMs in form cell
certified in o marr+er sotafactory b Nte Mortgagee. .
SIXTEENTH: This aartpoge obo scares orry oral aN renewob oral extensions of the promissory note referred b herein oral
seared herby, oral afl installertenb thereof, oral obo arey other notes wlridt how been a may be given b the Mortgagee by the
Mortpapo?, oed Dray otMr indebtedness of Ilte Mortpopa b the Mortgagee whidy however, shots not exceed of any are time
the ogprepote unpaid prindpal swn of
SEVFNIR--FIVE TEi(XlSAi~ID AND NO/100 -pion js 75, 000.00
1.
it being Na speaflc interdioee Mwt funthtr odvonces mop be nwde by the Mortgagee of its option b the Mortpapa, either prior b
a offer 1M des dates of 1M obave referred b promissory emote hereby scarred; oral this nartpape is given fa Nee speciAc
purpose of scarring any oed all indebtedness by the Mortpaga b the Mortgagee in whatever manner IM some may be evi-
denced or represented, until this nartpope a satisfied of record; oral op as+reewnls .and agreements coMoined in this eeeorfpage
shall be opplicoble b aN further oral fiAwe odvoeeees made by the Mortgagee b the Mortgagor oral oN other indebtedeeeu of
Mortgopor to tM Moripapee, oral oery and aR renewok a extensioro !hereof.
Any agreanent by Nbrtgagor t0 pay attorney's fees shall include any
attorney's fees far any appeals.
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