HomeMy WebLinkAbout0941;ncome, prof~ts, issues ond reve~ues ore hereby mortqaged os if specif~co~ly set forth and descr~bed ~n the grant~ng ond hobendum
clouses hereof, and such receiver sholl have all the brood and effect~ve functions ond powers ~n any w~se entrusted by o~ourt to a
~ece~ver, ond such oppointment sholl be made by such court os an odmitted equ~ty ond o matter of obsolute right ~n the Mortgogee,
ond without refere~ce to the adequacy or inadequocy of the volue of the property mo-tgoged, or to the sotven~y or insolvency of
the Mortgagor ondlor tlie defendonf ond such rents, profits, income, issues ond revenues sholl be oppl~ed by the rece~ver occord~ng
to the lien ond/or equity ot th~s mortgage o~d the proct~ce u~ such court, and such appointment of rece~ver shoil be w~thout not~ce
t~ ony obl~gor hereunder.
NINTH The Mortgogor hereby woives oll r~ghts of homestead ond exempr~on gronted by rhe Const~tut~on ond lows of
Flor~do :t is specif~cally agreed thot t~me ~s of the esser.ce m th~s controct or.d thot no wower by the Mortgogee oi ony obGqot~on
tiereunder or of the obligotion secured hereby shafl ot any t~me thereafter be held to be o wocver of the terms hereof or of the
~~bl~gotion secured hereby.
TENTH If all or ony port of the obove descr~bed prope.ty or o~ ~nterest there~n ~s sold or tronsferred by the Mortgagor,
,,r his succes:or ~n interest, w+thout the Mo.tgegee's prio- wr~tten consent, exclud~ng !ai the creatron of a l~en or e~cumberQnce
subordinate to this mortgage. (b) the creation ef o purchase mo~ey secunty mterest for houiehold cppl~ances, (c1 a transfer by
devise, descent or by operat~on af tow upon the deoth of ~ ~o~nt tenont, or (d; the grant of ony leasehold ~nterest of three yeors
or less not Conto~mng an option to purchose, the Mortg~gee may, ot the Mertgogee's optron, declore oll the sums secured by this
~~ortgage to be ~mmediotely due and poyoble The Mortgagee shall hove wo~ved such opt~on to occeterote ~t, ~r~or ro the sale or
rrons(er, the Mortgegee and the person ro whom the obove-described p-operty ~s to be sold or transferred .eoch ogreement in wnt-
~ng thot the cred~t of such person ~s sorisfoctory to the Mortgagee and thot ;he ~nterest po~•oble on *he sums secured by th~s
mortgage sholl be at such -ate os the Mortgagee sho-I request
ELEVENTH If foreclosure p~oceed~ny; of ony second morrgage or second trust deed or ony iun~or I~en of ~ny k~nd should
be ~nstituted, the Mortgogee moy, ot ~fs opt~on ~mmediatelY or thereofte- dectare th~s martgage and the ~ndebtedness secured here-
by due ond payable.
TWEIFTH Thot m the event the prem~ses hereby mortgaged, or ony p~rt therz~of, sholl be candemned ond taken for public
use unde- the power of em~~ent domo~n, the Mortgagee shall hove the r~ghr to demond thot ofl oomoges oworded for the tok~ng
of or domoges to sa~d prem~ses sholl be po~d to the Mortgogee, up to ihe amount fhen unpoid on shis mortgoge artd the obl~gatiOn
secured hereby ond may be opplied upon the payments lost poyoble under th~s mortgoge and the obl~got~on secured hereby
THIRTEENT~e1~' hat ~tallments, poyable under th~ terms hereot and the note secured hereby, not po~d whe~ due, sholl
be sub~ect, ofter fxt 14 lX~l d6ys fr ,,(~ e~ t~ r f d~+ ~ r ed Mortgagee shail coltect thereo~ and therewith,
9 ' ~~G~RII~~ ~~ ~~ ~ '~~~~ 7 ~ ~ ~~ ~
o"late chor e' in the omount o ( o) o the ~nsta Iment due upo~ each such det~nauent ~nstallment, and such "lote
ch~rges" ore secured by the Gen hereof
FOURTEENTN Without ~rt~pa~ring !he obligotions of Mortgogor conto~ned ~n poragraphs SECOND, THIP.D ond FOURTH
hereof, ond for opplication to the pu~poses thereof ~nsofor ac the so~ne shal! be suff~c~ent, Mortgogor shall, in adddition to the
monthly payments of principal and interest os stoted ~n the or~g,nal no~e (and ~n the note o- notes secured hereby) provided to be
mode, poy a montF,ly sum ond amount equol to one-twelfth (1 / 1 2i of the est~mated onnual ;oxes, ossessments ond insuronce
premiums upan the rea! estctz security, os the amount the{eof ~s deierm~ned frem t~me to -~me by the Morsgagee
FIFTEENTH Thot the Mortgogor shofl furn~sh annually, os the request of rhe Mortgagee, finonc~ci stotements ~n ~~rm
ond certified ~n o monrser sot~sf~ctory to the Mortgagee
SIXTEENTH This mortgage secures on ex~sting ~ndebtedness ond also secures any and oll renewcls ~nd extentions of the
promissory note referred to herei~ ond secured hereby, and oll installments therecf, and also ony other r.ote which moy hove been
~r may hereofter be g~ven to the Mortgagee by the Mortgagor, ond any other ~ndebtedness of the Mortgagor to the Morlgogee,
ond this mcrtgage is ulso intended to be and ~s o mortgoge to seture poyment of ~ny ond ali future or additionol advances mode
by the Mortgagee ot ~ts opt~on to the Mortgogor, or his successor ~n title, for any purpose, !o the some extent as if such future or
add~tionol advances were made on the dote of the execut~~n of th~s mnrtg~ge, olthough there moy be no odvonce made at the
t,me of fhe execution of this mer~goge and olthough there moy be no indebtedness ourstond~ng at the t~me ony odvance is made.
All such advonces ore to be mode w~th~n twenty years from the dcse of this'mortgoge, or with~n sucn lesser period of t~me os -nay
be prov~ded hereofter by law os o pre-requisite for the sutf~c~ency of actual notice or record not~ce of the option of future or addi-
tionol odvances as ogair.;t the rights of creditors or subsequent purchosers fer voluable considerot~on The totol ~ndebtedness, se-
wred by this mortgoge moy decreose or increose frow, time to t~me, but the toral unpo~d balonce so secured at ony one time sholl
~ot exceed o max~mum principai amount oi F~r~~tt Thni~~~tr~c1 n1tP Hiindred Three d11d ~~/1~0 _
ts 8,103. 77 _ y
plus interest thereon, ond any d~sbursements made for the poymer.t of :oxes, lev~es or insuronce on ;he prope~~y covered bv the
I~en of this mortgoge, with interest c:~ such d~sbursements
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