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Home My WebLink About1109 • _ r income, profits, ~ssues nnd reven~as are hereby morlgoged os if speci`cally set forih ond destribed in Ihe grant~ng ~nd hobendum clauses hereof, and suth rece~ver sholl hove o!I the broad and effec~ive funclions and powers ~n ony wise en~rvsted by a courl fo a ' reteiver, ond suth appointmenl shall be mode by svth tou~f os an odmilted equity and a malter a1 absolute right in the Morlgagee, ~ , and without reference to ?he adequacy or ~nadequacy of the value of Ihe p•operly mortgoged, or to the so~vencr or insolvency oF ~ ~ lhe Mo~lgagor o~d/or the defendont ond such renls, proFits, ~ncome, issves ond rev~nues shall be applied by ~he receiver according { to 1he lien ond ~or equ~ty o( ~his mortgoge and fhe proclite of svch to~rf, ond suth oNavi~itm~nt of reteiver ihall be without nolice . ~ fo ony obligor hereundet. { _ ~ NINTH: The 1Jlortgogor hereby waives all rights of homesteod ond exempiio~ gron•. by ihe Constituri~n and laws oF ~ Florida. II is speciFically agreed that fime is of the essence in.lhis tonlr~cf and that no waiver by rhe hlortgagee oF ony obligation hereunder or of the obligotion secured hereby shall ot ony time ~hEreaf~er be held to be a waiver of_the terms hereof or of rhe ~ obligation seared hereby. . ~ • . ~ TENTH: Upon ony sale, tronsfer or conveyonce of the property herein described ond covered by this Mortgage to any person, firm or corporotion, whose credit-worthiness hos not been approved in writing by the holder of this Mortgoge, the Mortgogee ~ or holder sho~l ho~e the right, ot its sole option, to occelerote the maturity of this Mortgoge as though it were due ond poynble on the doy of such tronsfe~, if upon notice of soid trnnsfer, fhe Mortgagee or holder hos good reoso~ to bel~eve thot the security t- of the Mortgogee . o~ holder hos been hormed or placed ir~ jeopo~dy. The Bank sholl_ receive o complete current finonciol stote- ~ me~t in o form and preseMotion sotisfactory to the Bonk. _ ~ . - . a EtEVENTH: If fo"redosure proceedings of any second inortgage or .second trust deed or any junior lien of any kind should : be insfituted, fhe Mortgagee may, al its opti~n immediafe(y or thereaf~?~ declnre lhis mortgage ond the indebtedness setured . hereby due and payable. _ - ~ . - - - " _ ~ ~ . ~ _ TWELFTN: That in the cvent ~he premises hereby mortgaged, or any partthereof, sholl be tandemned and taken for publit use vndet the power of eminent domain, the Mortgogee shal) have the right to demand fhal all damages awarded-for the taking ~ = of or damages to said premises shall be paid to the Mortflagee, up ~o the amount then unpaid on ttiis mortgage and the obligatiort : secured h~reby and may bc applied upon ~he poyments last poyabte u~der this mortgage and the obligation s~ared hereby. ~ - - - ' _ . ~ ~ THIRTEENTH: That inst~llmenfs, poyable under 1he terms hereof and the note secured hereby. not poid when.due, sholl be ~ subjecl, after fifteen ~15) days from the due dole thertof, to, and it is agreed Mortgogee sho1) tollect thereon and therewith, a _ "late charge" in the am~unt of four per cent (4°fo) of fhe installment due upon each suth delinquent insfallment, ond such "lote - charges" are secured by the lien hereof. . : ~ - - - . ~ FOURTEENTH: Without impairing the obligations of Mortgagor contained in paragraphs ~ECOND, THIRD and FOUR7H - ~ hereo~, and for appfitation to the purposes t~~erc~f insafar as the same -shall be sufficient, Mortgogor sholl, in addition to the ~ monthly payments of printipal and interest as stated in the or~ginal na~e (and in fhe note or notes setured hereby) provided to be _ ~ made, poy a monlhly sum and amount equal to one-twelf~fi (l,f 12) of the estimated ~ annual taxes, ossessments and insurance premiums upon fhe reol estote security, as the amount thereof is determined from time to time by the Mortgagee. ~ _ _ ~ ~ FIFTEENTH: Thot the Mortgagor shall fumish annually, o~ the reques~ of fhe Mar~gagee, finan:iol statements in form ond ~ certified ;n a manner satisfactory to t~;e Mortgagcc. - , _ ~ - s " . . - - - a SIXTEENTH: This nior~goge also secvres any and alf renewals and extensions of the promissory note referred Po herein ond ~ secured hereby, and all ins2allments thereof, and qiso any other nofes whith have been or may be-given to the Mortgagee by the ~ Mo~tgagor, and any other indebtedness o¢ the Morfgagor to tha Mortgagee whith, however, shull not exceed ot any onp time ; - - thp oggregale unpaid prirxipal sum of-----_-- - _ ~ = _ - _ . °---------_..-....~.'IWEIII'Y THOUSAt1D ATD~ DA/ 100--_~~___~_ pollars (5 ~0~000.00 ~ ~t being the specific in~ention that fu,ther adve:ues may be made by the Mortgagee its option to the Mortgagor, either prior to ` or after the due dates of the above referred to promissory note hereby fecured; and this mortgoge is given for the speciPic ~ - pur~ose of s~curing any and all indebtedness by the lVlortgagor to the Morlgagee in wnatever manner the some moy be evi- ~ derxed or represented, until this mortgoge is satisfied of retord; and al) covenanls and agreements contoined in this morigage shall be applicoble to all further and future adrante; made by Me Mortgagee to fhe Mortgagor and all other inc3ebtedness of - Mortgagor to Ihe Mortgogee, and ony ond all renewals or extensions tf~ereof. ~ ~ ~ - - f - . - _ _ - _ f . - - . _ ~ - ; ~ - - . ~ - - i _ _ _ _ , - - ; t - - ~ ~ _ _ • - ~ ; - ~ ; . . - ~ ~ _ _ BQOK239 PAGE~~~V - -3- _ _ _ 1 , , - _