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Home My WebLink About0964 ' r t ~ ~ t _ a, +ecunty fur the N~?tr, tu have ~ rereiver apEwinte~o enter uFx?n and take ~?+~etision of ~hr Mortgaged Pruprny, r~~l- iect the rents and protits therefrum anJ apply the ~ame as the coun may dircct, ~urh receiver to have all the nght. and 4x?wer~ ~~rnitted wxler the laws of Florida. In either ~unc ~a}e, Mortgagee or the receiver may als~ take pusses~ion uf, and for thrse purpose~ u~e, any and all perumal property whirh is part uf the Murtga~rd Pruprrty and u.ed by Mortgagor in the rental or le~~ing thrnof ur any part thereuf. The expense (including receiver's fres, counsel fees, rosts and agent's cumpensatiun) incurred pur,u- :int tu the ~x?w•en herein contained shall be serured hereby. Murtgagee sh~!{ Iafter payment of afl cu~t~ ~nd cxpen~ti in- rurred) apply such rents, issuea and profits received by it on the indebtedness secured hereby in such urder as Mo~tgagee - Jetcmiine~. Thc righ~ to enter and take pos~ssion of Ihe Murtgaged Property, to m~nage and ~~~er~te the ssme, snd to rollect the rents, issues and proFits thereof, whether by a receiver or otherwise, shall be cumulative to any other right ur reme~iy hereunder o~ aC(or~ed by law, and may be exercised cuncurrem{y tfiereW~ith or independenUy thereuf. Murtga- gee ~hall be liable tu ac~ount only for such rents, isaue+ and profit~ ~ctually received by Mortgagee. 1 a. li~ the indebtrJnes~ secured hereby i. nuw +?r herc:+fter further ~ecureJ by chattel murtgagrs, xcurity inter- e~ts, financing staten~nts, p{edgeti, contracts of guaranty, assignments of leases, or other serurities, or if the Murt- gag~J Prupc:rt}~ hereby encumttired cunsi~ts ~~f more than une parcel of real pwperty, Mortgagee may at its optiun ex- fiaust any one or mure of suid securities and security hereuncier, or wch parcels of the srcurity hereunder, either concur- rently or independcntly, and in such urder as it may deterniine. I5. This l~lortg~ge tih;~ll secure not only existing indebtedne~~, but also such fuwre advances, w~heth~r wrh ad~anre~ are ~~~lig~tory ~~r t~? t?e maJe st the optiun ot Mqrtg:~gee. ur otherwitie. as are ma~e within twenty t20! years from the date hereof, ro the same extent a+ if such future advances were made on the date af the execution of this Mort- gage, but such ucured indebtedne,. ~hai1 not exceeJ at :~ny time the maximum principal ar?wunt of two time~ the amount of the Note, plus interest thereuo, and any disbursements made for the payment of taxes, levies, or insurance, on the Mortgagcd Property~, w•ith intere,t on ~urh disbunement+. Any tiuch future advance~, w•hether obligatory or to tx made at the option of the Mortgagee, ur otherwise, may be made eithei prior tu or after the due date of the Note or any other nute> >ecured by thi. Mortgage. Thi` Mortgage is given fur the ~pccifir pur~x~se of securing any and all indebted- ne~~ by the Mortgagor to Mortgagee Ibut in no event shall the secured indebtedness exceed at any time the maximum prinrip~l amuunt ,et ti?rth in this p:~ragraph 1 in wh3te~~er manner this indebtedne~~ may be evidenced or repre,emed, until this Mortgage is satisfied of recurd. All rovenants and agreements contained in this Murtgage shall be applicabte to ~11 further advanceti made b}~ Mortgagee tu Mortgagor under this fuwre advanre clause. 16. No del3y by Murtgagee in exercising any right or remedy hereunder, or otherwise afforded by lavr. shall uperate as a H~aiver thereof or prerlude the exerrise thereof during the cuntinuance of ~ny default hcreun~ier. [~o v~ aive~ by Mortgagee of any defauit shall cun~titute a waiver of or consent to subsryuent default~. No failure of Mortg~gee to exerri~e any option herein gi~~en tu accelerate mawnt}~ of the debt hereby ~ecured, no forbearance hy Murtgagre beti~rr or after the exercise u~ such option and no w•ithdrawa{ ur abandunment of foreclosure praceeding by tilortgagee shall be taken or ron.trued a~ a N aive~ of its right tu exercise ~uch option or tu arcelerste the maturity af the ciebt hereby~ tiecurrd • bti• reawn of any past, present or future default on the part of Mortgagor, and, in like manner, the procurement uf in- ~urance or the payment of ~axe~ ~~r other liens or charge~ b~~ !~lurtg~gee ~hall nut tx taken or comwrd :'.S :l K'11~'C f OI Il~ right to accelerate the maturity of the debt hereby aecured. 17. V14'ith~iut afferting the liabiliiy of Mort~agur or uny uther penun lexcept any penon expre~~ly rekaud in writing) for payment e~( any indebtedness secured hereby or for perforniance of any obligatiun contained herein, and ' without affecting the right~ uf Mortg:+gee with retipert tu an} ucurity not expre»ly released in vrriting. !~tortgagre ~E may, at any time and frum dme t~~ time, eicher beiore ur aEter tfie maturiry uf tiaid note, and K•ilhout notice or consent: s . I ~ 1 a1 Rl'ICJ~t' :iO}' ~CfSI)f) II:1f7It ~Of ~:l~'llltOl l/I 8II O~ 3O~' (l:lfl U~ Iht tfl(ICt1IC(If1C1S I)f ~ll( ~C(fl)~Ill:llll'C' U~ :1f1\' I ~ l)h~ Ik3l lt)fl: ~ ~ Ib1 :~1~ke ~n} a~rerment extending the time ur utherwitie altenng the trrm~ of paymem ot ~H ~~r an~ part of the in~iebte~ness, or m~xlify~ing or wai~~ing any oblig~tivn, on w~~rJ~nating, mociif}•ing c~r otherwise dealing w•ith the ~ lien ~?r charer hereof; ~ ~ Irl Exercise or refrain from exerci~,ing ur w~ive any right'~1urtg:~ger may ha~•e: Idl Accept additional tiecurity of en~• kind: and ~ le? Release or otfierwise deaf with any propert}~, real or persunal. ~ecuring the indebtedness, including ~ aH or an~ part of the Mortgaged Property. ~ 1 K. Any ag:eement hereafter made by Mc~rtgagor and hlortgagee punuant to this mortgagc `hall he tiu~Cn~x to the n~;ht~ ~~f the hol~lrr of an~ inten~ening fien vr encumhranre. ~ ~ ~ 19. `1ortgagur hereby~ waiF~es all right of home,tead exempt~on. if ;~ny , in the ~lortgaged Propert}~. ~ - ~ • '_(1. In the e~~ent c?f rcmdemnation pnxeedings ~if the M~?rtgaged Pni~rt~ . the aw;~rd ~~r ri~mpematiim p~yable Ty thercunder i~, hereby assigoed to and shall be paid to Mortgagee. '~1ortgagee shall be under no obligati~~n to yuetiti~in the ame,unt i~f ~n~ w~h award ~~r cum~n~ation and may ac~ept the.ame in the ameiunt in whi~h the tiame,h:~l{ be paid. In an} tiunc ~ondemnation pr~xeedings. Mortgagee may be represented by countiel selected bv M~~rtgagee. The pnx:ee~i~ - ~~f am ~ward ~~r cc~m~;n~auon ~o recri~~ed ~hall, at the iiptiun of M~~rtgakre, either be appGed to the prepayment of the N~~te and at the rate of interest p:ovided therein, regardleti~ of the rate of interest pa}able on the award b} the condemn- ing auth~?rity, ur st the uptiun c?f Murtgagee, such av~~~d ~hall hc pa~d uver t~~ ti1~~rtgagor f~~r re~toratii~r~ of the'~1~>rt- gaged Propert~~. ~ ~ 21 . If `lurtgagee. pur~uant tu a C~mtiWcUern lu~n agreernent ~~r l~i~n rummitrnent madr hy ~tun~*;~ger w ith ~t~~rtgagur, agreeti to make cemstructiun luan adrance~ up tu the prinrip~l amuunt oi the Nute, then'~lortgaKor hereby c~~~~rn~nt~ that it Hil I cumplp w~lh aU crf the terni~, pmvi~iun~ and a~~~enants tiaid ce~ntittuction {uan agreemenl ~~r I~~an ~ c~~mmitment, will d~ligently construct the improvement~ to be built pursuant to the terms thereaf, all i?f the terniti there- c~l w hich are incorporated herein by referrnce a~ thuugh ~et forth ful l}' herein and w ill E~ermit no defaults t~~ ~~rcur there- ~ under and if a default shail ixcur thereunder, it shail constitutc a def;3ult undcr thi~ tilurtgage and the Nute ~ 2? At the i~~ti~m i~t Murlgagee, 1~tortEagc~r ~hall pnn~Je Mort~agee with peri~xiic cettificd auJiteJ ~tate- ment~ c~f the ~~peraticmti and the financial rundihon of M~mgagi~r. ~ . ~IR ao~~c 4~ ~acE ~ X; - s~ r ~ , f ~ ~ ~ ' ~u~l ~ ~ ~