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incoh?e, protits~ iasues and rsvenues are hsrsby mortyaped 4s H apeciNcaUy set fwth and desc~ibed in the flrantinq and habendum
• dawes hereol, and such roceiwr ahall have al~ the broad and sffecthre functkx~s and powen En any wlse enifustsd by e couR fo a
rec:elver, and such appolntment shall be mads by such ocwrt es an admittsd squiy at?d a m~iie~ ~i $~iuia ripni in ine irioriyaflee.
and wlthout roference to the adeqwcy c,r inadsqwcy of the valus of ths propsrty mortyaged„ or to the solvancy or Insolvency ct
the Mort~apo~ and/or ths defendant and such rente~ profita~ incomer lsaues and revenuss shall be apQlied by the rscelver accordln~
to the iien and/or equity of thia mortpaqe and tl~e prectk:e of such courf, ~nd auch appointment of recefver sAall be withoW notice
to any obU~or hsreunder.
NINYF~ TAe Mort~a~or hereby wah~es all ~hb of homestead and exemptlon pranted by the Constitution and laws of
Florida It is specitically eyreed ihat tims is ot the esaence in thia contact and that no wafver by the Monfla~ee of a~y obliflatto~ '
hereunder or oi the obiiyatbn aecured hereby shall at 4ny time thereafter be held to be a waiver of tha tenns hereof or oi the
obliyaNo~ s~cured hereby.
TENTH: If all or any part oi the above described property or an interest therein is aold or tranafened by the Mortflayw,
or hia suocessor In interest. without the Mat~ee's priOr written consen~ excludirp (a~ the creatbn af a lien or encumbrancs
suQord!nate to this mort~aqe, Ihe creatbn of s purchaae money sequity interest for househo{d appliancea, (ca a tranafer by
devise, deac:ent or by operation of law upon the death of a jolnt tenant, or the flrant oi any leasehold intereat of three years
or lesa not conteMiny an option to purchase, the Mort~apee may. at the Mortpa~ee's option. declare all the sums secured by this
mort~a~e to be immedfataly due and payabla The Mortyaqee ahall t~ave ewafved such optbn to aocelerate it. sxior to the sale w
transfer, the Mortyaqee and the person to whom the aDove~deacribed property fs to be sold or transfarred ~esch ayreement in writ-
in~ that the credit oi such peraon ia aatisfactory to the Mortflaflee end that the interest payable o~ the aums secured by thls
mort~efle shall be at such rate as the MortyaQee shall requesi
~LEVENTH: If foreclosure proceedinfls of any secand mortpage or aecond trust deed or any junior lein of any kind should
be institu4ed, the Mortgayee may, at its opfion immediatey or thereafter deciare tAb mort~afle and the indebtedness secured here-
by due and payabia
TWELFTH: That in the event the premises hereby mortpaped or eny pa~t thereof, shall be condemned and taken for puWic
use under !he power of eminent domair~ the Mortys~ee shali have !he ~bt to demand that all damages awarded for the teking
of or dama9es to said premisea shell be paid to the Mortga~ee, up to the amount then unpaid on this mortgage and the obii~ation
secured hereby and may be applied upon the payme~ts last payable under this mort~aQe and the obliqation secured hereby.
THIRTEENTH: That installments. payable under the terms hereof ~nd the note secured hereby, not paid when du~ ahail
be subject, aRer fitteen (15) days from the due date thereof. ta4 and it is agreed Mortgsqee shail coltect thereon and therewith,
a"late char~e° in the amount at four per cent (496) of the ir~stallment due upon eacfi such delinquent instellment, and auch "late
charpes" are secured by the lien hereof.
FOURTEENTH: Without impairing the obligations of Mortgayor contained In paragraphs SECOND, THIRq and FO~RTH
hereof, and tor application to the purposes thereof insofiar as the same st~all be sufficient, Mortyaflor shall, in addition to the
monthly payments of principai and interest as stated in the original note (and in the note or notes secured hereby) provided to be
made, pay a monthly sum and amount equai to one~twelfth (1/12) of the estimated ennual taxe~ assessments and i~surance
premiums upon the resl estate security, as the amount thereof is determined from time to time by the MortgBgee.
FIFTEENTH: That the Mortya~cx shall fumish annuaily, at the request of ihe Mortgagee. financial statements in form
and Cert'rfied in a manner satisfactory to the Mortgaflea
SIXTEENTH: This mortgage secures an existing indebtedness and also secures any and ail renewafs and extensions of the
promissory note referred to herein and secured hereby, and all instaliments thereof, and also any other note which may have been
or may hereafter be given to the Mortgaflee by the Mortgag4r, and any other indebtedness of the Mortgayor to the MoRgagee,
and this mortgage is also intended to be and is a mortgaye to secure payment of any and all future or additionat advances made
by the Mortgagee at its option to the Mort~agor, or hia successor in title, for any purpose, to the same extent as if such future or
_ additional advances were made on the date oi the executinn of this mortflag~ atthough there may be no acfvance made at the
time of the execution of this mortgage and althou9h there may be no indebtedness outstanding at the iime any advancs is mada
A!! such advances are to be made within twenty years from the date ot this mortgage, or within such lesser period of time as may
be provided hereafter by Iaw as a pre~requisft for the sufficiency of actual notice or record notice of the option of future or addi-
tional advances as against the rights of creditors or s~bsequent purchasers far valuable ConsideratioR The total indebtedness se-
; cured by this mortgage may decrease or increase from time to time, but the total unpaid balance so secured at any one time shali
;
not excesd a maximum principal amount of_ Four Hundred T~aentq Five Thousand and no/100 ~
~s 425,00O.O~J ~ ;
plus interest thereor~ and any disbursement made for the payment of taxes, levies w insu~ance on the property cuvered by the
lien of this mortgage, with intere8t on Such disbursements.
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