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Home My WebLink About0916 ~i~cume, profits, issues and revenues are hareby mortgaged as ii specdically set forth and desc~ibed in the ~ranting and habendum ctauses hereof, and such receiver shait have all t~e broad and efiective functions and powers i~ any wise entrusted by a court to a receiver, and such appointment sha11 be made by such court as an admitted equity and a matter ot absolute riflht in the Mortflaflee, and without retecence to the adequacy or inadequacy of the value ot the p~operty moriga~ed or to ihe solvency or insolvency of the MortgaQo~ andlor the de(endant and such rents. profit~, incom~ issues a~d revenues ahalt be apptied by the receiver according to the lien a~d/or equity of this mortpage a~d the practice of such court, and such appointment of receiver shatl be without notice to any obligor hereunder. NINTH: The Mortgagor hereby waives all rights of homestead and exemption granted by the Constitution and laws of Ftorida It is speciticaliy agreed that !ime is of the essence in this contract and that no waive~ by the Mortga~ee of any obligation - hereunder or of the ohligation secured he~eby shall at any time thereafter be held to be a waiver of the terms ~ereof o~ of the ~~l;g~t's~n seau:~d h~rsby. TENTH: If all or any part of the above described property or a~ interest therein is sold or transferred by the Mo~tgagor. or his successor in interest, without the Mortgagee's prior written consent, excluding the creation of a lien or encumbrance subordinate to this mortgage, (b) the creation of a purchase money security interest for household applianoea, a transfer by devise, descent or by operation ot law upon the death of a joint tenan~ or the grant of any leasehold interest of three years ~r less not containing an option to purchas~ the Mo~tgagee may, at the Mortgagee's optior~ declare all the sums secured by this mortQaqe to be immediately due and payabla The Mortgagee shall have wa?ved such option to accelerate if. prior to the aale or transfer, the Mort~ee and the person to whom ihe abov~desc~ibed Qroperty is to be sold or transferred reacl~ agreement in writ- ing that the credit of suCh person is satisfactory to the Mortgagea and that the interest payable on the sums seCUred by t~is mortgafle shall be at suCh rate as the Mortgagee shall request EIEVENTH: It foreClosure procesdings of any second mort9age or second trust deed or any junior lein of any kind should be institutetf, the Mortgagee may, at its option immediately or thereafter declare this mortgage and the indebtedness secured here- by due snd payab4e. TWELF'TH: Thet in the ev~nt me nremises hereby m~rtnanq~. r+r s.±y..n~ ~hoca±!; ^^_^a°?"'?°'! ^~1bIiC use under the power of eminent domair~ the Mortgagee shall have the right to demand that all damages awarded tor the lakiny of or damages to said premises shall be paFd to the Mortgagee, up to the amount then unpaid on this mo~tgage and the obligation secured hereby and may be applied upon the payments last payable under this mortgage and the obligation secured hereby. THIRTEENTH: That instattmsnts, payable under the terms hereot and the note secured hereby, not paid when du~ shall be subject, after fifteen ~15) days from the due date thereof, to, and it is agreed Mortgagee shall collect thereon and therewitl~ a"Iste charge" in the amount ot four per ce~t (4%) of the installment due upon each such definquent instat{men1, an~ such "late char~es" are secured by the lien hereot FOURTEENTH: Without ir~pairing the obligations ot Mortgagor contained in paragraphs SECOND, THIRD and FOURTH hereof, and for application to the purposes thereof inso(ar as the same shall be sufficien~ Morigagor shal~ in addition to the monthly payments of principal and :nrerest as stated in the original note (and in the note or notes secured hereb~ provided to be made, pay a monthfy sum and amount equal to one-twetfth (1/12) of the estimated annual taxes, assessmerNs and insuranCe premiums upon the seal estate sec:snty. as tne amount thereof is determined from time to time by the Mortgagee~ i i FIFTEENTH: 7hat the hlo~tgagor shall turnish annually, at the request of the Mortgagee, tinancial atatements in form ; and Certitied in a manner satisfactory to Me Mortgagee. i F SIXTEENTH: This mortgage secures an existing indebtedness and also secures any and all renewals and extensions of the 4 E promissory note referred to here~n and secured hereby, and atl installments thereof, and also any other note which may have been a ~ ~~;~~t;e: ~e giv~~ :a ,h~ :so,:r~ay~ ~y t~is ivivri~ayui, anc~ any other indebteaness o~ tne ~ulortgagor W the Mortgagee, v and this mortgage is atso intended to be and is a moRgage to secure payment of any and all future or additional advances made k by the Mortgagee at its option to tne Mortgagor, or his successor in titte, tor any purpos~ to the samP,exteni as if such future or ~ additional advances were made on the date of the execution of this mortgage, although there ma~l b4 no advance made at the : time of the execution of this mortGage and although there may be no indebtedness outstanding at the time any adva~ce is made. All such advances are to be made w~th~n twenty years from the date of this mortgage, or within such lesser period of time as may ~ ~ be provided herea(ter by law as a~re-requisit for the suHiciency of actual notice or record notice of the optioo o( tuture or addt ~ tionat adv9nces as against the r~ghts of creditors or subsequent purchasers for valuable consideration The tetal ir,~pt+rr~~p~~ ~o- ~ ~ cured by this m~rtgage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shatl - ~ ~ not exceed a maximum principa~ amo~~t ot FIVE HliNDRED THOUSaND AND P:O/ 100---------------- ~ > 4 E, ~ 500.000. 0-t ~ - plus interest thereon, and any disbursement made for the payment of taxes, levies or insurance on the property covered by the lien of this mortgage, w~th interest on such disbursements ~ : s ~ . " ~ 441 Y,,:E ~14 NONllO -3- ~ -