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HomeMy WebLinkAbout0935 r k~oomc, proflta~ issues and rwsnus~ aro hsreby mat9p~d ss M WscMicaHY Nt forth and dssc~ibsd In tho pnntinp u~d hab~ndum dauNs harsoE, end such reo~iwr shall havs ul tM bro~d and Mfsctlw functbns and powen fn any wis~ entru~t~d by a couR to a ~ rocehrer, ~nd such appdntm~nt shaN b~ mad~ by aucA court as an admltt~d equlty and ~ matter d ab~olut~ ripht in Me Morty~~e,, F M?d without rsfsronos to tM ~dsqwcy a inad~qwcy d th~ value d tM prapsrty mo~aQsd or to ths aolwncy or insolwncy d ~ the Mortpapo~ and/or ths dNendant and such ront~ profits, incana, lssuea artd rovsnuss ahall be appllsd by the rsosivsr aocadinp to the Ilen anc~/or e4ulb d thia mort~aps ~nd the pr~ctice of sucA couri, end such appotntmsnt of roceNer shall be without notice to any ablipor hereundsr• , NINTFt The Mortpaqor i~ereby waivea all riQhb of homestead ar~d exemptlon ~ranted by the Constitution and laws of Florfda It is spscifically a~reed that time la of ths e~sencs in this cont~ct and that no waNer by the Mort~a~es d any obll~atb~ hsrounder cr of the obil~ation aecu~ed hereby ahall at any time theresfter bs held to bs a waiver of the tsnna hsreof or of the obli~ation securod t?eroby. TENTH: H~il or any part d t'?s PropsHy or an Interest tMmin ia sold or transferred by BoROwe~ without Lenders prior ~nitten consenR exciudinq (y ths croation d a lien or sncumbranos subondlnate to this Mortpaye~ (W ths creation d a purchaae money sscurity interest for houaehold appliancss. (q a tranNsr by devtss, dsscent or by opsration of law upon the death of a Mint tenant or (d? the ~rant of any ~eaaehoW Intsrost ot Mree ysars or {eas not contalnl~p an option to purchas4 Lender may, at Lendsrs optb~ decfare 411 the wms securod by this Matpa~s to bs immediatsy dus uM p~yabte. ~ H Lencfer exce~ such option to aot:elerate~ Lsnder ahall meil Borr~owar notics of aa:sleratbn Such notice ahsll provida a period of aot less than 30 days from the date the natk;s is malled wtthin wh~h Borrower may pey the sums declarod due~ li BoROwar fafls to pay such suma prior to ths expiretion of such pe~tod. Lendar may, without furthe~ notbe or denwnd on Borrower, invoke any remedies Permitted GY Perapraph 6 herooE ELEVENTH: tf foroclosuro proceedi~pa ot any second mortflafls or aecond truat deed or any junior lefn of any kind should be instituted~ ihe Mortpayee may, at its opiion immadiately or thereafter declare this mortsage and the indebtedness secured here- by due and payabla TWELFTFt That in the event the promisea hereby mortQaqed or any part thereof, shall be condemned and taken for public uae under the power of eminent domsir~ the Mort~ee shall have the ~ht to demand that all damaQea awarded tor the takinq of or damaaes to aaid premises ahall be peid to the Mortpa~ up to the amount then unpald on this mortya~e and the oblt9ation aecured hereby and may be applied upon the payments last payable under this mort~aQe and the obllpation aecured hereby. TNIRTEENTH: That inaiallments, payable urxier the terma hereof and the note secured hereby, not paid when du~ shall be sub)ect, after ten (10) days from the due date thereof, tq and it la aflreed Mortfla~ee shali collect thereon and'Ti18t~wrc~ a"lete charQe' in the amount of five per cent (5%) or 55.00, whtchever ia lesa, of the instaliment due upon each such delinquent instaliment, and such °late charpes" are secured by the lien hereot • FOURTEENTH: Without impairin~ the obl~qatbns of Mort~ayor contafned in paraflraphs SECONQ, THIAD and FOURTH hereof, and for applicatfon to the purpo~ea thereof ineofar aa the same ahall be sufficient, Mort~or ahali, in addition to the monthty paymenta oi principal and interest as stated in the oripinal note (and in the note or notes secured hereb~ provided to be made. pay a monthiy sum end amount equal to o~~twelfth (1/12) of the estimated annual taxes, asaesamenta and insurance premiurns upon the reaf estate security, as the amount thereof ia determined from time to time by the Mo~t~agee. FIFTEENTH: That the Mortflayor shall fumish annually, at the requeat of the Mortflayee, financial statements in form and cenffied in a manner satisfactory to the Mortgaflea SIXTEENTH: This mort~afle secures an existing indebtedrtess and also secures any and all renewals and extensions of the ~ promisspry note referred to herein and aecured hereby, and ali installmenta thereof, and also any other note which may have been or may hereafter be Slven to the Mortga~ee by the Mort~aqor, and any other indebtednesa of the Mortyaflor to the MQRflagee, ' and thia mortflaye is alao intended to be and ia a mort~aqe to secure payment of any and al! future or additional advances made t ~ by the Mortpaflee at its option to the Mortfla~or, or his succesaor in title, for any pu~e. to the same extent aa if such future or ' ~ additional advancea were made on tha date of the execution oi this mortpay~ althou9h there may be no advance made at the ; ~ time of the execution of thia mortga~e and aithou~h there may be no indebtedness outstanding at the time any advance is made~ ; : AI! such advances are to be made within twenty years from the date of thia mortgay~ M within such lesser period of time as may ' ~ be provided hereafter by !aw aa a pr~requisite tor the sufficiency of actual notice or record notic.e of the option of future or addF r~? ~ tional advances as aflainat the righte of creditors or sub8equent purchaaers for valuabie consideration The total indebtedneas se- ~ € cured by thia mortqage may decreaae or irscrease from time to time, but the total unpaid bslance so secured at any one time shall ~ Eiqht Thousar~d Six Hundred Six Dallars and 64/100 ~ not exceed a maximum principal amount of ~ ~s *8,606.54* ~ ~ plus interest thereon. a~d any disburaement made for the payrnent of taxes, levies or insurance on the property covered by the ~ lien of this mortgaqe, with interest on such disbursements k. SEVENTEENTH: The Sank shali be eniitled to reasonabEe attomeys fees and costs upon appeaL s r ~ ~ a~ ~ v ~ ~ ~ ~ ~,R 45~ PA~E 69~ ~ ~ ~~o - 3 - BOOK fiK ~ ~ ~~3-~g~~oK 459 ~~~F 935 ' ~ . ~ ~~c'