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Home My WebLink About1290~ . - . . . ~ ,~.. , , . _, _ . :.: , ~. . . ,:. ~ ~: . . . .. . . . , ~ . . ., :~ , . .. . . , . , . . . . . .. :~:1CS ~:~~C.l~ C3~1<~ .`.tY.~1 It:l'~V~'t ;~K:~: ~~;IVc' Ui~ ~:1~! E~:::..: C.ht~ C1~"hYC :U:c_. .,~.~. G:.: (~ ~.~ '.. ~n ~::.~~ ..~ , ~.~..t~. •'~ ~:~ . .. ii :l U rr -ci ~dr, und :.t~c1~ aF>(~:~~n!rnenT sht~ll G~r ~~~~,! > b~f :u'h c~urr c: t~n u:1.~nit~..c1 e:;.:~ty cr~:f u rn:iit••r t,f .:s,, ~•.;.: ti; ~~t ~n i~~ ~.': ;i::=u ;~e, und wii~aut ~efe~ence to tha ociequuty or inocl~~c~uocy o( thr value ot tna pr~~rrty morte)ag~tit, u- tu fh_• st~lv_•ncy ar ins?~vency of ti~•- 1'Aortgogor o~d/or the defencinnt pnJ such rznts, profits, incan•~, i;su_s unJ rav~nu~~t sh~ll t-s u,,,li~~d by thz r~c~•ivrr otcurd~n~ t~ the lien ancl~or equiry JE this mu~tg~}~ nnd tt~e {~roCfiCe Uf such courf, u~~d ~~.+.h pNp,~iritr.~cnt ~( ~e.civ;;r sl~oll E.-~ wi;n„~t rwtiCe to ony oblic,lor he~eunder, NINTH: The Mortgogor he~eby woives oll rights of homestead ancf exerr?tion gronted by the Constitut~~n ond lows of Florida. It is specifitolly aflreed thot time is of the essence in this tor~tract ond tnot no woiver by the Morfgager o~ any ;,Sl~gotion hereuncler or of the obligotion secured hereby sholl ot ony time thereofter be held to be o~~c:ver of the terms he.eof a~ of the obGgotion setured hereby. TENTH: If oll or ony port of the obove cfescribed propsrty or on inte~est the~ein is sold or t~onsferred by the It'artgogor~ o~ his wctessor in interest, without fhe Mortgogee's prior written to~sent, excludin~ (o) the creotion of o lien or entu:nberon~e subordinote to this mortgoge, (b) the creofion of o pu~chose money security interest for housPhold oppliances, (c) o t::.nster by devise, descent or by operotion of low upon the deoth of o joint tenont, or (d) the 9rant of ony leosehold interest of ~n:ee yea~s or less not contoining an option to purchose, the Mortgagee moy. ot the Mortgagee's opt~on, d~c!ore oll the sums s~cur:d by this mortgoge to be immediately due ond puyable. The Mortgag~e sholl hove woived such option to eccele~ote if, prior to t~P wle or t.onsfer, the Mortgogee ond the person to whom fhe obove-des~~~bed prope~ty is to be sold or tronsferred reach og-eemen[ i~ writ- ing that the credit of such person is sotisfoctory to the Mortgngee and thot the interest poyo5le on the sums secure~ by this mortgoge sholl be ot such rote os fhe Mortgagee sholl request_ ELEVENTH: If foretlosure proceedings of any second mortg~ge or second trust deed or ony ~unior fien of eny k~^d should be instituted, the Mortgagee may, at its option immediotely or thereafter detlare this mortgoge and the indebtednes; set~:ed here- by due and poyable. . ' 7WELFTH: That in the event the premises hereby mortgoged, or a~y port thereof, sholl b~ condermned and toRen for public ' us.: under the power of eminent domoin, the Mortc~ogee sholl have the right to demond that all domnges oworded for ti:e taking of or domages to said premises shotl be poid to the Mortgogee, up to ths omount then unp~id on this mortgoge orrJ the cSligotion secured hereby ond moy be opplied upon the poyments lost poyable under this mortgoge ond th> obl~go~ion secured hereSy, THIRTEENTH: Thot '~tRll~~s, poyoble under the terms hereof ond the note secured hereby, not poid when due, shall be subject, ofter idime2mc#i6d/~ys from~t~~~ue dote t~ ~°f, to,and it is ogre~~ Mortgogee sh~ll cotlect thereon and tierewith; . a"lote chorge" in the omount of fsDmx~e~ centX*~1~oTthe instollment due upon each such delinquent instollment, and s::ch "lote cfiorges' ore secured by the lien hereof_ or $5.00 tahich ever is less FOURTEENTH: Without impoiring the obligotions of Mortgogor tonto~ned i~ porogroph~ SECOND, THIRD ond ~OURTH hereof, ond for opplicotion to th~ purposes thereof insofor os the same sholl be wfficient, Mortg~ro~ sholl, in eddd~t~~~ to the monthly poymants of principol and intere;t os stotcd in the o: iginof nate (ond in the note or notes securecl ~ereby: provi~~d fo be mode, pay o monthly s~m ond omount equol to one-twelfth (1/12) of the est~moted annual toxes, ossessments ond i~suronce premiums upon the reol estote security, os the omount thereof is dstermined from time to time by the Mortgogee. FIFTEENTH: Thot the M~ortgogor sholl furnish annuolly, ot the request of the N.ortgogee, finonci~l stat~-nent; in form ond certified in o monner sotisfoctory to the Mortgogee. SIXTEENTH: This mortgoge secures on existing indebtedness ond olso s~cures ony ond oil ren~wols ond ext~~t~~ns of tfie promissory note referred to herein und secured hereby, ond all instollments thereof, and a1s~ ony other note which moy h~ve been or may hereofte~ be given to the Mortgugee by the Mortgogor, and eny otner inciebtedness of tne Mortgag~r to tn~ M~rtgogee, Qnd this mortgoge is olso intended to be ond is o mortgoge to secure poymenL of ony ond oll future or addition~i cdvor.~es made by the Mortgogee ot its option to the Mortgugor, or his successor in titte, for any purpose, to tne some extent as ic such future or odditionol advonces were made on the date of the execution of this rr:ortgoge, olthough tnere may be no odvon~e mc~~ ot the time of the execu~ion of this mortguge ond olthough tFiere•moy bs no indebtedness outstonding ot the time cny o~v~nte is made. All such advonces ore to be mode within hventy yeors from the dote of this mortgoge, or within su~h lesser peried of t~:r.~ as moy be provided hereafter by low os a pre-requ+site for the sufficiency of actuol notice or record notice of tne opt;~n of futu:~ or od~i- t~onol advonces as agoinst the rights of creditors or subseyuent purchosers for valuable cor+sideration. The to:ol in~!e5te~ness se- cured by this mortgaga moy decrease or increose fran time to time, but the totol unpoid bolonc~ so s~cured ot ony one ;~me sholl n~; exceed o moximum principot omount of SEVEN THOUSAND EIGHT HUNDRED SIXTY AND NO/100- -------------------------------------------------------------------------- ~S 7,860.00 ~ ptu; interest thereon, ond ony disbursements made for the poyment of toxes, levies or insuran~e on the pr~aerty cove:ed by the lien of ihis mortgoge, with interest on such disbursernents_ • SEVENTEENTH: The bank shall be entitled to reasonable attorneys fees and costs upon appeal. a~x346 P~~E128fi - 3 - . ~ _ u~