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~rcome, proi~~ts, i~sves and re~enueti or; hereby mor~goged as ~f spec~fically sc~ (orth on~1 ~escnt,ed ~n ~nr gr~r,t~ng ond ho~end~m
dauses here~f, ond svch rece~ve~ sholl have ol! the brood and e~feclive fu~ct~ons and oowcrs ~n ony w~se entrus~Ed by a court to a .
reteive~, and such pppo~ntmer.t shull L~ mcde by such ;ourt os an odm~tieJ eQvily ond a m~~ter oF ~bsolvte r~ght ir, 1he hlorlqogee,
and without reFerence to the adeqvocy or i~adequocy of the volue of the prope~ly mo~tga~3ed, or to the solvency o+ insolvency of
- Ihe Mo~tgagor nnd/or !he dNfendant or~d svc~ rents, profi~s, incomr., issuei o:~d rPVen~es ~hol) be oppl~ed 'oy the rece~ver occording
to the I~en and %or eqv~~y o1 this morigage and Ihe pructice oF su~h covrf, and svch Gp{~o~n~ment of retewer shol~ be w~fhouf nof~ce
to any obligon c~revnder. ,
~ NINTN: Th~ Mortgogor her~by waives ail rights of homeitead and exempi~on granted bv Ihe Cons~~tut;on ond lows of
florido. If is specifcally agreed thQt I~me is oF Ihe essence in this tontra~t or.d thot no w;:;vei by the Mortgegee of ony obl~gat~on
hereunder or of fhe obligalion secvred hereby shall at ony fime thereafle~ be he•Id to be o wcriver of tke terms hereof or of the
obligorion seared hereby. _
TEhiTF{: Upon ony sale, transfer or co~veyonce of the prcper:y herein ciescribed and cove~ed by this Mcrtgage to ony
nersen, Grm or corporo;:on, ~hose cred~t-KOrthiness h~s not been opproved in writing by the holder of this Mortgo~e, the Mor;gogeE
~ or hblder shall hnve the righl, ot its so~e opticn, to occelerote the moturity e' this Mortgoge os thuuyh it were due ond payable
~ on the doy af such tronsfer, ~f upon notice uf soid tronsfer, the Mo?tgo9ee or holde• hos goad reoson to believe thot the security
' ef the Mortgogea or holder hos been hormed or pleced i~i jeopurdy. The Bo^k shall receive a complet~ current financiol _stote- _
ment in a form ond preseiitation satisfuctory to the Bank. -
EIEVEt:TH: If foreclosure proceedings ~f any second m~rtgage or iecond trust deed or any junier lien af any kind should
- be instituted, the Mortgagee may, at its option immediateiy or the~eoffer _ c'etlore ihis mn?foage and the indebtedness sec~red '
- h±r~by due and payable. ~
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~ TWEIfTH: That in the event the prem:scs hereby mcrtgoged, or any port thereof, :hall be condemned ond taken for public ~
_ uTe under the power of tminenf domain, the Mortgagee shall hove~lhe tight to demand that all da~nages awarded for th:: ~aking
of or damoges to said Rremises sholl be p~id to the MorJgagee, ~~p to the omounf then unpaid on this mortgage and the ebligation
setured hereby and moy be opplied upon thE pny?nents lasf payab~e under tt~is mortgage and-the obligatior. secured htreby.
~ y THIRTEENTH: Ttrat iRStallmenfs, poyable undar fhs feems hereof and 1he nofe secured hereby, not paid when due, shall be
, subject, afre; ~:tteen (15} doys from the dc~ clote thereof; to, and it is agre~d Morlgagee shoU collect thereon and therewith, a
- "late .chorge" in the amounf of four per cent (4'T~o) of the insfallment due upon each s~xh delinquent installment, and such "late -
~ tharges" are secured by the lien hereof.
. ~ FOURTEENTH: Without impairing the obligntions of Mortgagor contained in porogrophs SfCOND, THIRU and FOURTH
hereof, and for pppiication to the purposes thereaf insefor as ihe same sholl be suf~icient, Mortgagor shali, in addifion fo 1he
_ monthly paymenls of principc~l ~nd interest os slated in the originol note lond in ihe noiz or nofes secured hereby) ~rovidec tc be -
: made, pay a monthiy sum_and amount equal fo one-twelfth (1; 12) of the estimated onnual taxes, assessments and insu~onc=
- premi~~ms upon the real estate security, as the amount thereof is determined from time fo time by the Mortgagee.
- fIFTEEhTH: Thol the Mortgagor sh~ll furnish annually, ot the request of the Mortgagee, finan:io! statements in form and
tertified in a monner satisfattory td tha Morigagee.
SIXTEENTH: This mortgoge also secures any and all renewals and exfensions of fhe promissory note referred to herein and -
setured h'ureby, ond all insfallments thereof, and also any other notes whith have been or may be given fo the Morfgagee by fhe - _
- Mortgoger, and ony ~ther indebtedness of fhe Mortgagor to the Mortgagee wh?ch, however, shaU rwt exceed at dny one time
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tFe aggregate unpaid prirxipal sum of - - - - - '
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~ ------FIFTY-EICd3T ~iOC~SAND~ FIVE HUNDRID AND NO/1~0---- • 58 500.00 '
- - - - - - - - Dollars l5 ' - ;
if being the specific ~ntention tiot further odvonces may be made by the Mortgagee at :ts option to the Mortgogor, eilhAr prior to
or after fhe d~~e dates of the above referrrd to promissory note hereby secur~d; and this mortgage is given for the sRecific
purp~se of securing any ord all indebtedness k;y the Mortgogo~ To the Mortgagee in whatever monner the same moy be evi-
i denced or represenled, until tF~is mortgage is sofisfied of record; and all covenants ond agreements contoined in this morlgaga ?
i shall bz upplicable to al! fu~ther ond futurt advarxes made by the Mortgagee to Ihe Mortgagor and o!! ~iher indebtedness of s
Mortgagor to ~hc Mortgagee, and ony and oll renewols or extensions thereof. ~ - ~
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. S~r~.'f~i: This Mortgage ~d -and fi~P Note it secures shall }x ocxistrued only
imc3er the laws of ~-he State of Florida. ~
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