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income, profits, issues and revrnues are hereby mort~oged os if speciflcaliy set forth and oescribed in ~he gran~ing ~r.+! h~brndum
clauses hereof,'ond such ~eteiver sholl hove oll the brpud ond efFecfive functions and powers in ony wise Gnt~usled by a~tourl to a
~eteiver, u~d suth oppoinlmenl tholl be made by such tourt os an admitted equity and o malter of absol4te ~ight in fhe Morfyaj~er,
ond without refertnce lo the adequoty or inadaquacy of the value of Ihe properly morfg~ged, or fo Ihe solverxy c.r i~~iolvrnCy of
' ~ fhe Mortgagot ond/~r Ihe defendant and such rents, profifs, intome, issues vnd revenues shal) be oppl~ed by the receiver according
to the lien a~d%or equ~ty of ~his mortgage and it;t ~rattite of s~th courl, and suth appointmenf of reteiver shol! be wilhauf netite
Io any obligor hereur,der.
NINTH: T:~e Mortgagor hereby woives oll ~ights of homestead and cxempt~on granled by 1he Cor~slitution and lcrws of
Floridn. It iz specifically agreed that tima is of the esse~ce in Ihis contratt and thot no waiver by the Morfgogee of ony obtigation
hereunder or of the ob~igalion secvred hercby shall ai any fime thereafter be hel~f to be o woiver of the terms hereoF or o( the
obligotian sec~~;ed hereby.
~ TENTH: Jpon ony sole, transfer or conveyonce of the property he~ein described ond covered by this Mort~oge to any
person, firm o~ corporation, whose tredit-worthinpss hos not been approved in writin~ ;~y the holdec of this Ir'.ortgoge, ihe Mortga~ee
or hp~de~ shall have the right, at its sule c+ptia,, to occelerote the meturity eE this Mortgoge os though it we~e due ond poyoble .
- on the doy of such tronsfer, if upor. ~otice of soid tronsfer, the Mortgogee o? Fr~lder hos good raoson to believe thot the securiiy
- of the Mortgagee or he ~~ier hos been hormed or ploted in jeoFordy. The Eank shnli ~eceive a complete -cu~rent finonciol stote-
ment in o form and presentation sotisfottory tn Ihe Bonk. .
EIEVENTN: If fo~eclosure proceedings of any second mortgege or srcond trus! deed or e7y junior ~ien of ony kincf should
b! I~S11~V~C~~ fint Nlortgoge~ may~ Ofi I~S Op~~0~1 ItnrtleViai~iY a7C ~oT2uffEi uct=tii2 tiii5 i'i.a7T~~~$~ allt~ i~lc il~e~te~r~e3S i~ivTca~
~ - hereby due nnd Qoyable. - ~ -
TWELFTH: That in tfie event the premisrs hereby~mortgayed, or any part 4hereof, shall be cendemned and taken for public
use vndcr M~e power of eminent domain, the Mortgagee shall ha~e the right b demond that ail domages awarded fdr the taking
of or domoges to said premises shcll be paid to the Mortgagee, up to tiie am~unt then u~paid on this mortgage and tfie obligatian
. securtd hercby and moy be apptied u~:~n the paymenh lost poyoble under this mortgage and the ~bligation securtd hereby.
~ TiiIRTEENTH: That inslollments, parabte under the ferms hereof ond tfit nofe sacured hereby, not paid when due, sha11 be
subject, ofter fitteen (1 doys~fram the due date therrof, t~, and it is egreed Mortgogee shall collett thereon and thereYvith, a
-"lote cha~ge" in the amdunt of four per tenf (4Qfo) of the installment due upon each such delinq~tent instaltment, and suth "late
- charges" are setured by the lien hereof, _ .
FOURTEENTH: \Vitiwut impairing the obli~etions of Moregagor contoined in pa?ogrophs SECOND, THIRD ond FOURTH
hereof, and for appiicaPion to the purposes tfiereof insofar as the same shell be suffecient, Mort$ogor shall, in addition to the
montiily payments of prirxipol or.d int~~est os ~tated in ihe original ~ote (and in the note or notes setured hereby,-provided to b~ -
. made, pay a monthly sum 6nd ama~nt equal to one•twelfth (1/12) of the estimated annuol taxes, assessments ond insurarxe
premiums ~epor~ fhe real es~ate secvritr, as the omount tfie~eof is de4ermined from time to time by the Mortgagee. _
~ . FIFTEENTH: That the Mortgogor 3hall furnish onnually, af the request of the Mor~gagee, finon:~al stetemeNs in form and
certified in a manner satisfactory to the Mertgagee. - "
StXTEENTH: This rnortgage aiso securos any and aU renewals and extensions of tfie Qromissory note refer~ed to herein and
~ secu~ed hereby, and alf instatlments_ thereef, ond also aRy other notes which have been or moy be given ro the Mortgage~ br the
~ Morlgagor, and any other indebtedrsess of the Mortgaaor fo the Mortgagee which, however, shall not exceed at any one time
~ ~ ~~~~a Fo,~ x,~,ar~ ~ ~a 6s iao 10 480 68 -
~ the oggregote u~~aid principo! sum.of---- "_l ~S -
F: _ .
~ - - <
-p~ - - MW--wY M -~=~---~--Dona?s i5 _ 10, 480._68 J, ~
it being the spetifrc i~tention that further advonces may be made by fhe MortgageP ot its option to the Mortgagor, Pither prior to ~
or after the due dates ~f the above referred to promissory note hereby secured; an~ this mortgage is giv~n for the s,~ecific
f purpose of securing anY ond all indebfedness by the Mortgagor to tfie Morigegee in whutever manner the same may be evi- i
+ denced or represented, until this mortgage is satisfied of record; and all covenants and agreernents contained in this mortgage
~
' sholl be opplicable to all further and future odvonces made by the Mo~fyagee to ti~e Mortgogor and all other indebtedness of
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Mortgagor to the Mortgcgee, and any and all rentwols or exfeniions thZrtAf. - _ -
SE4~: Martgagor shall p~~t]-Y PaY all regular aryd special asses9ne.nts leviEd
= by the Cbnd+rntinitm A~sc~iaticn and any c~fault or ~aiiure t,a gay shati c~nstitute a
~ default of this instant mortg~e. ~ - ~ - -
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