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Home My WebLink About0973 • .a . ? a> >ecuri~y fur the Nute, tu have a recei~•er appe~inted to eneer u~+n and take ~?»e+~i~?n af the MortgageJ Property, ce?1- lert the renta and profits there(rom ~nd apply the s;tme as the court may direct, surh receiver to have all the r~ght, and Ex~wers permitteJ under the laws of Fl~trida. (n either such case, Mortgagee or the receiver m:~y alsu take possession of, and for these purpose:s use, any and ;~II prn~mal property which is a part of the Mortg:~ged Pruperty and uud by Murtgagc~r in the rrntal or le;~~ing thereuf ur any part thereof. The expense (including receiver's fees, cuunsel fees, costs and :~gent's compensation) incurred pur~u- ant tu the powen herein cuntained sh~ll tx ucurrd hereby. Mongagee ~haU (after payment of all cu~b and expeme, in- - curred) apply such rentti, issues anJ profits rereiveei by it on the indebtednes~ secured hereby in such order as Murtgagee detennine+. The right to enter and take po,ses~ion of the Murtg:~ged Pruperty, tu manage and operate the same, and tu collect the rents, issues :~nd profit~ thereof, whether by a receiver nr otherwise, shal! be cumulative tu any uther right or remeJy hereunJer or afforJed by I~w~, and m:~y tx exerci~ed cuncurrrntly therrwith or inJependently there~~f. Murtg~- gee shall be liable to arcount only for such rents, i~sue~ and profits artually receivec! by Mortgagee. 14. U the indehtednesti ,erured hereby i~ now or hercaftcr funher ~rcured by rhattel mortgage~, ucurity intrr- ests, ftn;~ncing statements, pledges, contracts of guaranty, assignments af leases, or other securities, or if the Mon- g:~ged Pruperty hereby enrumtx:reJ c~?ntii~ts of m~?re th~n ~mr parcel uf re~l pn~peny. Mortgagee may at itti opti~m rx- haust any ane or more ul said securities and ~ccunty hereunJer, or wch parcels uf the security hereunder, either concur- rcndy or independendy, and in such order as it may detrrminr. I5. This Mongage shall secure not only existing indebteJness, but ~Itio tuch fuwre advances, whether,urh ~J~•~nce~ are obligstury or to he made :~t the option uf f~l~rtgagee. or utherH•i,e, a, :~re made w•ithin tH~ent~~ t 20) }'earti from the date hereof, to the ssme extent as if such future advances were made on the date of the execution of this Mort- gage, but tiuch ~ecured indebtednrs> >hall not exceed at any timc: the m:~ximum principal amount of tw•o tinu~+ the amount of the Note, plus interest thereon, and any disbursements made for the payrnent of taxes, levies, or iniuranre, ~ on ~he Mortgaged Pruperty, with intere~t on ~uch di~bunements. Any such future advanres, whether obligate>ry or to be made ~t the option of the Murtgagee, or otherwise, may be made either pnor ro or after the due date of the Note or any e~ther nutes ucured by this Mortgage. This Mortg:~ge i~ given for the ~pecitic purpc~+e of securing any and ell indeh~ed- nes~ by the Mortg~gor to Mortgagee (but in no event shall the secured indebted~ss exceed at any time the maximum prinripal amount set furth in thi~ p;~ragraph) in whate~~er manner thi~ indrbtedne» mey be evidenced ur represented, until thi~ Mortgage is satisfied uf record. All covendnts and agreements contained in this Mortgage shall be :~pplicable to all further ad~~ances made by Mortgagee to Mortgagur under thi~ fuwre advance clause. 16. No delay by Mortgagee in exercising any right or remedy hereunder, or otherwise af(orded by law, ~h~ll u~xrate a waiver thereof ~er preclude the exerci,e thereof during the c~~n:inuance of am• default hereunder. No w aiver . ny Mortg:~gee of any def:~ult shall constiwte a waiver of or runsent to subsryuent default~. No failure uf Mortgagee to exercitie any uption herein given to acreler~te maturity c~f the deM hereby ircured, no forbearance by 111ortg:~gee txfure or after the exercise of such optiun and no withdrawat or abandunment of foreclosure proceeding by Mortgagee shall be taken or cunswed a wai~~er of its right to exercise such uption ~?r to ;~ccelerate the m:~writy of the debt hereby ~ecure~ b}~ reason of any past, present or (uture default on the part of Mortgagor, and, in like manner, the procurement of in- ~urancr or the p:~yment of taxe~ or other liens or ch3rgeti by Mortg:~gee ~hail ne~t tx taken or comtrued a W ai~cr uf it~ right to accelerate the maturity of Ihe debt hereby ~ecured. 17. N~'ithoui affecting the li;~bilit}~ of ~tongagur or am~ ~~ther Fx r~~~n (except :~ny~ pc:non expretitil} rele:~~ed in ~~riting) for payment of an_y indebtedne~s tiecured hereby or for perfum~ance c~f any obligation contained herein, and with~wt affecting thr right+ uf Mortg~gee ~ith re~prct to ;~n~• .ecurity not r~pretitily relea~ed in writing, Murtgagee i may, at any tin~ anJ from time to time, either before ~x ~fter the maturity uf ~aid note, and w•ith~~ut notice ur coment: - 1 a 1 Relratir any Fxn~m li~ble ti~r payment ~~f all ~~r ~n~ ~~rt ~~f the indchtrJne„ ~~r liir ~xrfurrnanre uf ~ny ~ ubl~gahun; f € I h? titakr an) ~grrrment extending the nme or ~nhrn? i,e ~Iterin~; the tcrniti e?f pa} ment uf all ~~r an~ part ; ~ of the indebtedne~s, or m<xiif} ing ur v?•aiving. any~ oblig~tion, on ~uM~rJin~ung, m~xlif~ ing urotherw ise dealing w~ith thc lien ur chargr hercof; ~ ~ ~ Icl Exerritie or re(rain frum exerci,~ng or wai~e an} right 11~~ng3~ee may~ ha~e: ~ ~ Id? Accept adJitiunai tiecurity u! 3ny kind; end - ~ lel Release or otherwise deal with an} propert}•, real ~ir ~r.unal. ~ecurin~ the indebtedness, inciuding ~ all or an~ part of ttn. Mortgaged Property. ~ ~ i R. Any agreement hereafter made hy ;~tortgagor ~nd ~1urtgagee pur,uant tu this nurrtgage shall he w~nt~r tu 3 the ri~ht. ui the hol~ler cif any inten•ening lien or encumbrance. ~ ~ ~ ~ ly. Mortgagor hereby waives all right of home~tead exempti~m, if any, in the tilortgaged Propert}'. ~ ~ ; 211 In the e~ cnt of c~mdemnah~m pnxeeding~ of thc Mc~rtg~ged Yru~rt} , the a~ ard i~r cc~m~mau~m pa~ahlr a themunder iti hereb}• as,igned to and tihall be paid ta tilortgagee. Mcirigagee shall be undrr no oblig~tiun t~~ yue~uun the ~ ~ amuunt ~~f s~} ~uch award c~r cumpentiatiun anJ may accept thc,ame in the am~wnt in which the ~amr tihall t~e pai~1. In - any such condemnation pr~eedings, Mortgagee may be repretiented by counscl sele~ted by 1~lurtgager. The pnxeeJ, R i~f any ~w ard or rc~rn~nti~tiim ,i~ rerei~•ed ~hall. at the option c~C Mimgagee, either be applied tu ~he prepa~ ment i~( the Note and at the rare of interest provided therein, regardless uf the rate of interest payable on the awarcl by thr cundemn- ~ ing :~uth~~rity. i~r at the uptiun of '~tortgagec. ,uch ~w~rd tih~ll he p:~id u~cr t~~ Miirtgagur (~~r resturah~m i~f thr 11i~rt- x gaged Property. 21 . If llurtgagee, punuant t~~ a c~~mtructiim li~an a~rerment ~~r kran curnrnilment ma~e M~turtga~;ec w ith 11urtg~g~~r. agrees t~~ makr contitruction loan aJ~anceti up to the principal amuunt uf the fV~~te. then ~1ortgagor hereb} ~~ivenantti that it will a?mpl}• w ith :?II the tem». provitiiem~ and r~~~ enant` i~f ~aid c„n,tructicm l~i;~n ~grrement ~~r I~»n cummrtment, will diGgently con~truct the imprif~~ementti ta tx built purtiuant to the ternis therec~f, ~~I uf the tenn. there- ~ ~~f Hhirh are inco ~rated herein h reference a` th~~u ~h ~et forth lully herein and w ill rmit nu default~ tc~ ~krur there- ~ Y ~ F'~ ~ unJer and if a default shall ~xcur thereunder, it shall ec~n~tiwte a defauU und~r thiti :~lortgage and the Note. . ~ 2' At the i~pti~m ~?f M~irtg~gee. ti1c~rtgag~~r ,hall pr~~vi~lr M„r.g.i~.ee with pericnlir ccrlified auditeel titatr- Fl, ment~ c~f the ~~perauimti e~f and the financ~al conditiun ~if Mortgag„r. 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