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Home My WebLink About0926 p~ and wlthout reference to the adequacy or Inadequacy of the vatue of the property morlflaQed, a to the aolv~ency or Insohrency d th~ MatyaQor andfor the detendant and auch renta, profits, inoort~e. Iss~es and revenuea ahali be appqed by the recelvsr aa ooMinp to ths Ilen andlor equlty of this mort~ya~e and ths practice of such couA, and auch appolntment of receiver aha11 bs without not{os to any oblifla hereunder. NINTH: Ths Mortpa~ t~ereby waivea all rl~hta of homeetesd and exemptbn ~ranted by the Conatltutlon and Iaws of Florida. lt ts spsciflcally apreed that time la of the easence in this cantract and that no walver by the Matpaflee of any obliflation h~nundsr or of ths obilflation secured hereby ahall at any time thereafter be hetd to be a waiver of the terrt~s hereof or of the obll~atbn secured hereby. TENTH: Upon any sale, transfer or coveyance of the property herein described and covered by this mortpape to any per- son. Nrm or oo~wratlon, not prevlously approved in writinp by the holder of thia mortpape, the Mort~aflee or holder ahall have the ripht to accelerate the maturity of this nwrt~a~e as thouflh It were due and payable on the day of such transter and to demar~d payme~t In full of the sald mortgafle amount or any unpaid balance thereof, and to exercise all the ~i~hts and remediea herein or by law roaerved to said Mortgagee the same as i~ any event of default hereunder, anything in the promissory note secured heraby or hsrsin to the contrary nothwithstandin~. ELEVENTH: If foreclosure proceedings of any second mortfla~e or second trust deed or any Junlor Ilen ot any ktnd stxxild bs inatituted, the Mortgayee may, at its option immediately or thereafter declare this mortgaAe and the indebtedneas ae curod hsreby due and payable. TWELFTH: That in the event the premises hereby mortqafled, or any part thereof, shall be condemnad and taken for pua Iic uss ur~de~ the power of emfnent domaln. ths Mortga~ee shall have the Npht to demand that all damaflea awarded for the ta- kinp ot or damafles to said premises shall be paid to the Matflapee, up to the amount then unpald on this mortpa~e and the ob~ Iipatbn secured hereby and may be applied upon the payments last payable under this mortgage and the oblipation secu~ed ; hs?e~Y• THIR'TEENTH: That installments, payable under the terms hereof and the note secured hereby, not paid when due, ahall be aubject, efter fifteen (15) days from tr~,q due date thereof, to, and it is aqreed Mortpaflee shall collect thereon and thetewlth, a - "late char~e" In the amount of tour per cent (4%) of the instaliment due upon each such delinquent installment, and auch "late charpea" are secured by the lien hereof. FOURTEENTk: Wfthout impairing the obligation of Mortyaflor contained in paraqraphs SECOND, THIRD and FOURTH hersof~ and for application to the purposes thereof insofar as the same shali be sufficient, Mortpaflor shall, In additlon to the monthly payrt?ents ot principal and interest as stated In the oripinal note (and fn the note or notes secured hereby) provided to be msds~ pay a monthy aum and amount equal to one~MrelRh (1/12) of the estimated annual taxes, assessments and insurance pro- miuma upon the real estate security, as the amount thereof is determined from time to time by the Mortpapee. FIFTEENTH: That the Mortyagor shall fumish annually, at the request of the Mortgaflee, financfal statements in form and certffled in a manner sat(sfactory to the Mort~aflee. SIXTEENTH: This mortgage also secures any and ail renewals and extensions of the promissory note referred to hereln and secured hereby, and all fnstaliments thereof, and also any other notes which have been or may be given to the Mortyapee by ths Mort~aQor, and any other indebtedness of the Mortgagor to the Mort~agee which, however, shall not exceed at any one time the a~repate unpafd principal sum of ~~SAND mI1~~RS AND NO (~3~I5--~--------~---~- ~ ; Doliars 20, 000. 00 ; It bslnp the specific intentton thai turther advances may be made by the Mortgagee at its option to the Mortqayo~, either prtor to ~ or after the due dates of the above refened to promissory note hereby secured; and this mortgage is ~iven for the speciffc pur- ; por~ securinp any and all indebtedness by the Mortgaqor to the Mortyapee iq whatever manner the same may be evidenced or r rspresei:Zed, untll this mortflage is satisfied of record; and all covenants and apreemenCa contalneQ in this mortflage shall be ap~ ~ pllcAbb 1,3 ali further and future advanc~s made by the Mortgayee !o the Mort~agor and all other indebtedness of Mortsago~ to ~ the Mortpaqee, and any and all renewals or extensfons thereof. , SEVEMTEENTH: Without the prior written consent of Mortsapee, Mortgaflor will abstain from and will not cause or per- mlt, to the extent it may do so, any transfer of title to or beneficlal intefest in the Mortgaped Prop~rty or any part thereof, voluntar- ily or by operatlon of law (other than by death or by execution on the Note or foreclosure under this Mortgage), or any transfer of gtoc~c !n Mortgaflor H Mortgagar is a corporation, or of.interests In MortflaAor if Mortgagor is a partnership or Joint ventute, whe- ther by eale, exchange, conveyance, merger, consolidation or otherw(se, provided however, that such restriction shall not apply to a transfer of partnershEp interests between the partners of Matpaflor. ~ EIGHTEENTH: Ali subordinate finanCinp is specif(cally prohibited without the express written consent of Lender. NINETEENTH: That, ff Mort~a~ee and the Mortpapor aflree, the Mortyaflor wfll carry a poHcy or policles of Insurance u~- on the Iifa ot any Mortfla~ fn amounts muluaily a~reeable to the Mortfla4or and the Mortpapee, makinp the Mortgayee benefici- ~ ary ihereur?der. and the Mortgaqee may pay the premiuma for suCh inaurance pn the event the Mortyayo~ doee not) and add each auch payment to the unpald balance ot the loan, as of the first dey of the then cunent month, and such premlums when pald by ~ the Niortpa~ee, shall become additional indebtedness secured by this mortpape payable upon demand. . ~ ~ TWENTIETH: That, in the event tha! this mortga~e encumbers a cor?dominium unit, then the Mortpaqa wlll comply with ~ ~II appilcable provialons of the Declaratlon of Condominium and all applicable provlalons ot, and rules and repulatlons under, ~ ury associatlon and By-laws created under such association, includin~ but not Iimited to, the payment of the Mort~a~or's propor- ~ tlo~ate share of common expenses, aa may be determined by such assoclatlon, In accordance with the Declaratlon of Condo- minlum~ Articles of Incorporation of such association, ar By-Laws under auch aasocation; and any default by the Mort~a~ In p~formance of the Mortpaqor'a obilyatlons under auch Instruments and other Ilke documents ahali conatltute a default hereun- ~ d~. In ths event thett thla mortya~e encumbers a cooperatlve unlt, then the Mortqeqor will comply wtth ail appll~:able pro~islona ol gy~a, Houes F~{~s, or other Ilke documents; and any default by the Mortgs~or In the performance of the MortSyaQor'e oWl- qatia~s under auch Inatrumenta ahaii conatitute a defauit hereunder. 3t1~K 45~ PMGE ~,J ~ ~ ~ Pa~e 3 of 4 ~ - -s~°" ~