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income, profls, ~~sue• ond revenuef ore ~e~eby mo~tyoged as ~f spec~f~caur se~ for~h ond deu.~bed ~n rhe g-onnng ond hobe~dum
clavses hereof, ond sucA rece~ver ~~oll hove oil the b~oad ond elfect~ve funcnons ond powe-s ~n any wise emrusted by o court ~o 0
receive~, ond iuth oppOinlment shoil be mcde by suth court os o~ admdled equi/y and o matte- of obsolute righf in fhe MOrlqagee.
and without reference ~o the odeqvocy or inadequacy of Ihe volue oi the properly mortgoged, or ~o ~he solventr or i~solvencr of
the Mo-t~agor ond/or fAe de!endant ond such renrs, profits, income, issues ond -evenves shall be apptied by the reteiver pttordin0
to the I~en ond~o~ eqwty of this mort~oge and ~he p-oc~~ce of such court, ond such appo~ntment of rece~ver sholl be withouf notice
~o any obligor he-eunder.
NINTN: The Morfgogor hereby woives all righfs of homesfead artd exemption grcnfed by the COnstitution ond lows Of
Florido. I~ is specificoliy ogreed Ihot fimc is of the essentc i~ fhis tontrotl ond that no woive~ by ~ne Morrgagee of any obhgo~~on
hereunder o- oi the obl~gotion setured hereby sholl of any fime thereofter be held to be o woiver of fhe terms hereof or of the
obliqofion iecvred hereby.
TENTH: Upon ony sole, tronsfer or conveyonce of the property herein desc.ibed und covered by this Mortpofle to ony
person, hrm o- co~poroha+, whose credit-worthiness hos not been opproved ~~ wnnng by the holder of thn Mwtpoge, the Matpo~eee
or holder sholl hove the riflht, ot its sole option, to xcelerote the n+otur~ty of this Mortgoqe as ~hough it were due or+d poyoble
o~ the doy of such t.ansfe., if upon notice of soid transter, the Mortgogee or holder hos good reoso.+ to believe thot the secu.ity
of the Mortgogee or holder hos bee~ hormed w ploced in jeo~wrdy. The Bonk sholl rece~ve o complete cur.ent finonciot stote-
ment in o form ond p-esentat~on sat~sfoctory to the Bank.
ftEVENTH: If forecbsure proceedings of o~y setond mortyage or second trust deed or any junior lie~ of ony kind should
be instituted, the Mo-tgagee may, ot ifs opfion immediotely or thereafter declare Mis n-~rt~age and the indebtedness secured
herebr dve ond payable.
TWELFTH: Tha~ in the event the premises hereby mortgaged, or any port thereof, sholl be condemned ond taken for public
use under the powe- of eminent domain, the Mortgagee shall hove fhe right to demond thet oll domoges oworded fo- the toking
of or damoges to said premises sholl be paid to the Mortgaqee, up to the amount then unpaid on this nwrtycge ond the obligation
secured hereby and moy be apptied upon the paymenh lost poyable under this mo-tqage and the obligation secured hereby.
THIRTEENTH: Th t instollments, poyoble under Me terms hereof ond the note setvred hereby, nof poid when due, shall be
subject, ofter ~~f~+ {~~~do~.~m~.dPg~ete~the eofy,to, and it is ogreed Mortgogee sholl collect thereo~ ond therewith, a
"late charge" in the amount of 6~ifiK~61(0(MdN(IfAQ~ko~~~~iN~~~en~~lu~e~n each such delinquent instollment, and such "late
charges" are secured by the lien he~eof.
FOURTEENTH: Withovt impoiring 1he obligotions of Mortgagor contained in porog-ophs SECOND, THIRD ond FOURTH
hereof, end for opplicatio~ to the purposes thereof insofar os the same shafl be sufFicienl, Mortgogor shall, in addition to the
^~^~~Y PaYments of pri~tipol and interest os stated in the originol note (ond i~ the note or notes secured hereby) provided to be
made, poy a mon-hly sum and amovnf equal to one-twelfth (1;12) of the estimated annuol toxes, assessments ond insurance
premiums upon the reot esfafe secu~ty, os the amounf fhereof is determined from fime fo time br -he Mortgegee.
FIFTEENTiI: Thof the Mortgogor shall furnish on~uolly, ot the requesf of the Mortgogee, finan:iol sfatements in form ond
ceNified in o manner sotisfoctory to the Mortgagee.
SIXTEENTH: This mortgaye olso setures any cnd oll renewals and extensions of the promiswry note referred to herein ond
secured hereby, and all instollments thereof, ond olso onr other notes whicfi hove been or mey be given to the Mortgogee by rhe
Mortgogor, and any ofher i~deb~edness of the Mortgagor to the Mortgoyee which, however, sholl not e,cceed at any one time
the oggregofe unpoid principol sum of 7hi rty_ _twn _thous~n~thi r.ty f i v~ and--------------92/ 100
-- - - - - --- -- - - - - - - ootjcn IS 32,035.92 -- i,
it being the specific intention Mat fu~fher advonces moy be made by the Mortyogee at its option to fhe Mortgogor, either prior to
or ofter the due dates of the obove referred to promissory note herebr secured; and this moAgage is given for ~he spccific
purpose of securing onr ond all indebtedness by the MoHyeQor to the Morr~ogee in whafever manne- the some may be evi-
denced or represented, until this mortgaqe is satisfied of record; ond all covena-m and aQreements confained i~ this mortgoge
shall be opplicable to oll funher and future advances mode by the Mortgogee to the Mortgogor and oll other indebtedness of
Mongopor to ~he Mortyoyee, and any ond oll renewals or extensions thereof.
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