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Home My WebLink About0969 . _ ~ ~ • • , . l 1 :~..e~urity lur the Nute, t~~ havr rereiver ~p~x~intrd to emer uEwn and takr ~n~e»iun of thr Mongagrd PruFxny, c~?I lect the rents and protits therrfrum :~nd apply the same as ~he court may dirert, tiuch receiver to have aU the nkht~ and ~~wen pern~itted under the law~ of f~lorida. In either surh rase, Murtgagee or the receiver may also take po~seti,ion of, and fur these purpose, u,e, any and all Ex rsunal pruperty whirh is a part of the Mortgagrd Pruperty and uud by Murtgagur in the rental or lea~ing thr;rof ur any part thereof. The expense (incluJing receiver's fees, cuunset fees, costs and agent's compensation) incumrd punu- ant t~~ the ~~N~rs herein cuntained ,t~all tx:.ecured herrby. Murtg:~gee ~ha111after payment of all co~t+ anJ exprnsc~ in- rurred? apply such rents, issue~ an~ profits received by it un the indebteJnesti secured hereby in such order as Mongagee ~ictern~ine~. Th~ right tu enter anJ take Exi~se.siun uf the Mortgaged Pruperty, to manage and operate the tiame, snd t~~ collect the rent5, issues and prof its thereof, w•hether by a receiver or otherwise, shall be cumulative to any other right ur rerne~iy herrun~fer or affurdrd hy laH ,:~nd may be excrci+e~ c~mcurrently therew•ith ur independently thrreuf. A1un~a- gre tih:~ll be (i:~ble to arcount ~~nly for such rents, i~~uea and prufits ac~ually rereived by Mortg~gee. IJ. If the indebtedne.~ serured hereby is n~?w or h~r~after further ~ecured by ch~uel mungages, xcurity intrr- e~t~, tinancing starements, pledges, contracts of guaranty, assignments of lease~, or other securihes, or if the M~~rt- gaged Prupen~~ hereby encumbered ci?n~itit~ ot~ m~~rc than one parcel uf rcal prupen}~. Mortg:~gee m:~y at it~ opti~>n e!c- hau5t any one or more of said ~curitie~ and ~ecurity hereunder, or such parrel~ of the security hereunder, either cunrur- rently or indepenJently, and in ~uch order as it may determine. 15. This Mortgage shall secure not unly existing indebtedne~ti, but alsu such tLwre aJvances, whrther,u.~fi advanre. are ohligatory ur tu be mad~ At the uptiun ui tilortgagee. or uthrrH~i~e, a~ are made within twenty IZ(1) ~e~r~ frum the date hereof, to the tiame extent as if surh future :~~ivanres were made on the date of the execution of this Mort- gage, but ,uch secured indeMedness sh;?II not exceed at any time the maximum principa! amount of two time~ the amount of the Note, plus interest thereon, and any disbursements made for the payment of taxes, levies, or insurance, un the Mong:~ged Pruprrty, w•ith interest on wch di~bur,rme~ts. Any such future advances, whetheruhligatory ar to be made at the uption of the hlongagee, ur otherwiae, may be made either prior to or after the due date of the Note or an}• uther n~?te~ ~ecured by thi~ Murtg;~ge. Thi~ Morigage is given for the s~xrific pu~~se of tiecuring an}~ and all indebte~- ncss by the Mortgagor to Mortgagee (but in no event shaU the secured indebtedness exceed at any time the maximum principal :~mount tiet forth in thiti p3r:~gr~ph) in whate~~er manner thi, indebtedne» m~y be evidenred or repre,ented, until this Mc~rt~age is satisfied of recvrJ. All covenants and :+greements contained in this M«rtgage shall be applicable to ~II further advsnreti made by Murtgagee to MorLKagor under thi~ future advance clautie. 16. No delay by Murtgagee ~n exerci~ing any right ~~r remedy hereunder, or utherK•ise afforded by law•, shali uper~te ~ti a w 3i~•er the~eof or preclude the exercise thereuf during the amtinu~nce of ;~ny defsult herrunJrr. N~? w ai~•er h}~ Mortgagee of any default ~h~ll con~iitutr a waiver of or ronxnt to wbseyuent defaultti. No failure uf Murtgagee tu erercise any option herein given t~~ ~rcelerate maturity of the deM hercby ,erured, nu furbearance hy Mungagee befe~re ' or sfrer the exercise of such optic~n and no wilhdraw al or abandonmem of foreclosure proceeding by Mortgagee shall be taken ur can~trued a~ a w ai~•rr o( it~ right to exerritie tiuch uptiun or to accelerate the maturity o( the debt hereb}' urured hy reation of any pa~t, present or future default on the part of Murtgagor; and, in lil;e manner, the procurement of in- ~ur:~nce ur the payment of taxe, or uther liem ur chargr~ by M~~rtgagee ;hall not tk t~ken or cunswed a H~i~~rr of itti right tu accelerate the matunty of the deM hereby secured. ~ ~ ~ 17. Without affecting thc liabilit~ of ~1ungagur ur any ~~ther penon le~rept :~ny penon expre,tily rele:~~ed in wnting) for pa}•ment of any indebtednei> >ecured hereby or f~~r performanre of any obligation contained herein, and ~ w ith~~ut affrcting the nght~ ~~f :~1~~rtgagee w ith re,~ect tu ~n~ ,ecunl~ nut ezpres~l} relrased in writing, ~lurtgagee ma}~, at an~ time and from time to time, ~i~her before ur after the mawrity uf tiaid nute, and w•ithout notice or a~n~ent: ~ ~ 1 a? Relrau any~ prnim liable for pa~ ment uf all ur ~n~ pan u( the indehtrdne~ti i~r f~~r perti~rmance ~~i an~ ~ ~~bligaUun: ~ ~ ~ Ih) ~t~ke ~m agr4emrnt rrten:fing the timr ur ~uhrrw i~r altenng the termti i?f paymem ~?f all ~~r an} part $ of the indebtedneti~, or mocf~f} ing or w ai~~ing an}• obligati~m, on sutx~rdinating, rn~xlif~ ing or «therw itie dealing w ith the ~ lien ~~r charge hereuf; ~ (c) Exerci~e or refrain frum exercising or wai~e am nght 1lunga~ee may ha~~r: ~ (d) Accept ~dditiemal tierurity c~f ~ny kincl; an~1 ~ le) Relea~e or otherwise deal w ith any pruperty, real ~~r per.unal, ,e~uring the indehtedness, including ~ allor am• part of the Mortgaged Property. ~ I f~. An ~ a reement hereaFter made b Mort a or and ~turt ~ee urtiuant ti~ thi~ m~>rt ~e tihsll be su nur t~~ I ~ R ~ i'- E~ P k~ t~ the nzhtti uf thr hul~er ~~f an} inter~~e~~ng lien ~~r encumbranre. ~ 19 ~tortgagor hereby uai~~e, al) right uf hometitead cxemptiun. if ~ny. ~n the Mortgaged Property. 4 " ?ll. !n thc event uf c~mdemnati~?n pnxeedingti uf the 11urt~;aged Propert~ , the au;~rd c~r rumpensahcm pa}ahlr thcreunder i, hereby a,~igned tu and shall be paiJ to Mortgagee. !~lortgagee tihall be under no c~bligatiun t~? yuetitiun the amuunt ~~i an} wrh ;~war~ ur cumpem~tion :~n~l ma~ accept the ,~me ~n the arnuunt in whirh the `~me .h~ll hr paid. In any tiuch condemnation prcxeedings, Mortgagee may be represented by cuunsel srlected by Mortgagee. The pr~xeeJ, ~ i~f ~n~ ~ward ur c~~mpentiati~m ~a rereived tihall, at the uptiun ~if ~turtgagee, eithcr t?e applied ti, the prep~yment of the ; Nute and at the rate of interest provided therein, regardles~ of the rate i?f intere~t pa}abie on the award by the rondemn- _ ing authc?rity, ~~r ~t the e~ptiun of Mortg:~grr. ~urh awar~l ~hall be p~id i?ver t~~'~turtgag~~r fi~r re,t~~rah~m iif the ~1~~rt- = gaged Property. 21 If \1i~rtLagee. punuant to a aimtructiim luan agreement ur I~~an c~~rnrnitrnent ~nade b~ ~t~rngagee w ith ~1urtgagor. •agrecti t~i make conswchon ioan advances up tu the pnncipal am~~unt ~~f the Nc~te, then ~1~?rtgag~~r hereb} c~~s•enantti Ihat it will ciimply w ith aU ~~f the term~, pru~ ~,ium ~nd cc~crn;~m~ ~~f ti~i~1 ri~mtructie?n li~an agreement ur I~~an - cummitment, will diligenth• con~wct the irnprc~vement~ to be built pur~uant to the temis thereof, ~II of the ternu :here- ~ uf which ~re ~ncor~xated herein b} referenre ati th~~u~h ~et furth fuil~ herein and will permit nu default. ti~ ~krur there- under and if a default shall ixcur thereunder, it tihall c~m~titute a Jefault under this 1lurtgage and the IYote. r11 the i~ptum uf tilurgagez. :~1~~rtgag~,r ~hall pn~~ide ~1~,rtgagre with peri~~ir certificd au~irted ~tatr- ment~ ut thc ~~~:~ti~~m uf and the tinancial c~m~iinon uf Martgagur ~^!~6 ~t~ Pd~E JU 1 - _ - . ; ~ . , r ~ , ~-e-~~ .,~_.r~ ~,a__~