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Home My WebLink About0952 . . . . . _ _T _ _ . . ' ~ ' M+oom~ P~otl~? 4~ws 1~nd hv~nuN ar~ hMrb~? mortp~p~d ~s M sp~cifio~r ~N rohh ~nd dMOrlb~d in M~ pnntinp ~nd N~p~nqy111 o1awM hW~ no~1+~ ~N h~w d tM broad a~d Mi~athn tuncHo~a and powMS In any wis~ ~nhwt~d by ~ oou~t to a - .roo~iw~. and wch sppointen~t slwp b~ nNdo b!? woh oouh as an admkt~d ~quity and a n~ttK of ab~olut~ rqhtln th~ Mort~p~ ana w~tnow hf«.~+o. to a~. ad.vwcy or In.d.awcy a a~. wdu. a n~. oroo«ty morqap.dt « ro tn. so~wncy a In~olw~w~r a th~ Mortp~por a~d/or tM d~fMdant arW wcA hnt~ P~otlh~ I+~oQt+N? i~sws and avs~wa ~fall b~ aAP~l~d Dy ths no~iwr aovordlnp to en. INn ancVor.ouih? a ena moh~a0. ana ~n. pnc~lc. ot wcn oa,K and sud+.aaoa+tm.~?e a r.o.h?.r snW b. w~cnow nocb. to sny oWtpor Mnund~` . NINT1~ The Mo~or hereby waives aN riphh of hom~atssd and exemptio~ pranted by the Conslitutlo~ and laws ot . Florida It b spsdficalty a~roed th~t Nm~ is cf ths saenvs In Mis contract and that ~o waive? by the Mort9aqss of ~ny oWlQation ' heroundsr ar of the obiip~tio~ securod hsroby shall at any tlms theroaiter bs hsld to be a walver of the terma hereof a d ths oblqatio~t secured hsreby. . 7ENTF~ If aM or any part W the abovs dsscNbed property or an interest therein is sold or hansianed by ths Mort~or. or h!s s~aeor in tntsrosR without ths Mortapse~a pNor written consent exdudinp (ea tha creatbn ~ a Uen or encumbra~ce subordinate to this mat~pa (t~ the cxeation of a purchase money security intarost for household appllanoss~ (c~ a tra~sfer by ti~ devise~ descent or by opsratiw~ of law upon ths dsath of a lotnt tenant, or (d) ths ~rent d any lsasehold ~nterest of three ysara o~ leas not containirp an optton to pu~hase~, the Matpapss may. at the Mortqapee's optto~ declaro ell ths sums secured by this rtrort~e to be Immediately due and pe?yable~ The Mort~apee shaN havs welvsd suct~ optbn to aa:e~lerate li. prlw to lher sale a transfer. tM Mort~apee and ths psrao~ to whom Me above~deacaribed pr~operty is to bs sold or tnnsferred resch apreement in writ- ing that the crodit of such person ta satiefactory to ths MatpaQes and that the interest payable on the aums secured by this mort~a9e ahal! be at such rate as the Mortpa~es shait requeat ELEIIENTFk If torecbsure proceedinps of any second mort9a~e or second truat deed or any Iunior lein of any kind ahould ' be inatituted~ the MoRqa~ee may, at Its option immediatey or thereafter declare this mortyaye end the indebtedness aecured hete-. bY due and payable. - - TWELFTF~ That in the event the premises hereby mort9epec~ or any par! thereo~ shall be condemned and taken for public use under Me power of eminent domair~ ihe Mort~ee sha!! have the ripht to dsmand that all damafles awarded for the takiny of or dama~es to aaid premises shall be paid to the Mortfla~ up to the amount then unpald on this mongsge and the obNyation secured hereby and may be applied upon the payments Iaat payable under thia mortgage and the obligatbn secured hereby. ' ~ THIRTEENTtt That installmenta payaWe under the terms hereof and the note secured hereby. not paid when due, shalt be subject aRer fiReen (15) days hom the due date thereof, t0. and it is a~reed Mortga~ee shalt callect thereon and therewith, a"late charge' in the amount d four peT cent (4%j of the i~staliment due upon eacl~ ~such delFnquent insia!lmen~ and such "late ~ charges' are secured by the lien hereot FOURTEENTH: Without impairing the obligations of Mort~agor contained in paragraphs SECOND, THIRD and FOURTH he~eo~ and for application to the purpoaes thereof insofar aa the s~ame shal! be sufficien~ Mortqagor shal~ in addition to the monthly payments d principal and intereat as stated in the oripinal note (and in the note or notes secured hereby) provided to be made~ psy a monthy sum and amount equal to one~twelfth (1/12) of the estimated annual texes, assessments and insurance premiums upon the real eatate security, aa the amount thereof ia determined irom time to time by the Mort~aflea FlFTEENTH: Thaf the Mort~agor shaH fumish annualty, at the request of the Matgage~, financial statements in torm and ce~t'rfied in a manner satisfactory to !he Mortgapee~ SIXTEENTH: This mortgage secures an existing indebtedness and also secures any and all renewals and extensions of the promissory note referred~to herei~ and secxired hereby. and all installments thereof. and also a~y other note which may have been or may hereafter be given to the Mortyaqee by the Mortgagor~ and any other indebtedneas of the Mortgagor to the Mongage~ and this moR~age ia also inten~fed to be and is a mortga~e to secure payment of any and alt future or additional advences made by the Mort~agee at its option to the Mortgagor. or hia successor in titte, for any purpos~, to the same exteni as if such future or additionat advances were made on the date of the execution of ihis mortgages althou~h there may be no advance made at the time of the executio~ of this mortyage and alth~h there may be no indebtedness outstanding at the time any advance is mad~ Atl such advances a?e to be made within twenty years from the date of this mortflage, or within such lesser pe~iod of time as may be provided f~ereafter by law as a pre-requisit for the sufficiency of actual notice or record notice of the option of future or addi- tiona) advanoes as aflainst the ~yhts of creditors or subsequent punchasers for valuable consideration The total indebtedness se- . cured by this moRgage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed a maximum principal amount of THIRTY-SEVEN THOUSAND FOUR HUNDRED SZX AND 25/100 DOLLARS ~s 37,406.25 ~ plus interest thereon, and any disbursement made for the payment of taxea? levies or insurance on tf?e property covered by the lien of this mo?tQape. with interest on such disbursementa SEVENTEENTH: This mortgage is subject to all the terms of a Construction Loan Agreement,.of even date, the same as if said Agreement were set out herein in full. 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