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Home My WebLink About0943 ~ ~ f` _ , . ' ; irisome, prof~ts, issues and reversues are he~eby mortgaged os if sprcif~colly set forth and ckuribed in the granti~g and hubtn~um clauses hereaf, ond such receiver shali hove all the broad ond effective funttions and powe~s in ony w~se entrusted by o tairt to e reteiver, ond suth appointment sholl ba ma::e by such ccwrt os on odmitted equity ond o matter of obsolute right in the Mort9agte, and without reference to the odequecy o? inadequacy ~f the value of the Qroperty mortgaged, or to the aal~e~cy or insolvenc~; of tha Mortgegor und/or the defendant and such ~en~s, profits, incqme, issues ond revenues sholl be opplied by the ~eceiver a~cording ~ to thp lien ond/or cquity of this mortgage and the proctice of such court, ond such oppointment of receiver shall be without notice to any obligo~ hereunder. _ i~IINTH: The 1Jlortgugor hereby woives all rights of hnmestead ond exemption granted by the Constitution ond ~ows of Floriclo. It is specificolly ogreed thet fime is of the essencE in this cont~oct and thot no waiver by the Mortgogee of ony ubligetion hareunder or of the obligation secured hereby sholl ot any time thereofte~ be held te be o wuiver of the terms hereof or of the ~ obligotion secur!d he~eby. TENTH: If oll or ony pQrt of the above descritxd property or an inte-est therein is soid or transf~r~ed by the Mortgogor, or his sutcessor in interest, Y~ithout the Mo~tgogee's prior written tonsent, excluding (o) the treotion of o lien or entumbe~onte subordinate to this mortgoge, (b) the creation of A purchase money security interest for household opplionces, (c) a tronsfr~ by devise, destent or by operation of Ibw upon the deoth of o joint.tenont, or id) the gront of ony laasehold interest of three yeo~s or (ess not cantoining an option to purthose, the Mortgagee moy, at the Mortgagee's option, declare all the sums secured by this _ mortgage to be immediotely due and poyoble. The Mortgagee sholl have waived such option to accelerate if, prior to the sale or transfer, the Mortgogee and the person to whom the obove•described prap~rty is to be sotd or t~ansferred reach agreement in ~,rit- ~ ing thet the credit of such person is satisfoctory to the Mortgagee ond that the inte~est poyoble on the sums secured by this _ mortgage shall be at such rate os the Mortgogee sholl request. ~ _ EIEVENTH: If foreclosure proceedings of ony setond mortgage or second trust deed or any ~unior lien of any kind should be instituted, tht Martgogee moy, ot_ its option immedintely or thereofter declare :nis mortgage ond the indebtedness secured here- , by due and poyable. . ~ ' ~ T~VELFTH: Thot in the tvent the premises hereby mortgaged, or ony port thereof, sholl be condemned and token fo? publit use un~er the power of eminent domoin, the Mar~gagee shall have the right to demond that oll dornages awarded for the toktng of or damages to suid premises shall be paid to the Mortgagee, up to tl?e omount then unpoid on this morigage and the obligotion secured hereby ond moy be epplied upon the poyments lost F+ayoble under this mortgage and the obligation secured her£by. THIRTEENT~ Tpyb }nstolfinents, pnyoble un~e~ the terms hereof ond the note secured hereby, not paid when due, sholl be subject, ofterX~ GtEf do~s ~Q o the d fJ te thereof, to,and it is agreed Mortgogee sholl collect the~eon and the~ewith, a lote cherge ~n the amount of ~per cen~~~~) of the installment dug, u och~ uch deU'n uent i stollment, ond such Iate - charges" ore secure~ by the lien hereof:- /o~~,+~.UO whiehe~er ~s less F~URTEENTH: Witha~t impoiring the obligntions of Mo:tgayor cont~ined in porogrophs SECOND, TFiIRD and FOURTH ~ - hereof, or~d for applicaticn ta the purF+oses thereof insofor as the some shoii be sufficient, MortgQgor shal:, in adddi~ion to the monthly payments of principol and interest as statec! in the originat note (and in the note or notes secured hereby) provided t~ be mode, pay u monthly su~n arsd amount equol to one•twelfth (}/12) of the estimoted annuol toxes, ossessments and insurunce premiums upon the real estate security, as the omounf thereof is delermined from time to time by the Mortgagee. FIFTE~NTH: Thnt the 1Nortgogor shall furnish annually, at the request of the Mortgogee, finonciol stotements in form - and certified in o rrwnner satisfoctury to the Mortgagee. . SIXT~EN7H: This mortgage secures on existing indebtedness and also setures ony and oll renewols ond extentions of the ~ promissory note referree~ to herein and secured heraby, and oll instollments thereof, and also ony other note which may have been or moy hereafter be give~ to the Martgogee by the Mortgagor, anJ any ether indebtedness of the Mortgagor to the Mortgogee, and this mortgage is also~intended to be ~ond is o.mortgoge to secure payment oi any ond oll Future or odditionol odvonces made ~ by the MortQagee at its option ta the Mortgagor, or his successor ir~ title, for any purpose,-to the some extent as i,f such future or odditionol odvonces were made on the date of the execution ofi this mortgagE, although there m~y be no advance mede at the time of the execution of this mortgog~ o~~d althaugh there may be no indebtedr.ess outstanding ot the time any advance is mode. All such odvorkes are to be mode within twenry yeors from the date of this mortgage, or within such lesser period of time as may ~ - be provided hereaffer by low-os u pre-requisite for rhe sufficiency of actual notice or record notice of ihe option of future or eddi- tionol odvoncts os agoinst the rights of creditors or subsequent purthasers for valuuble considerotion. The total indebtedness se- I cured by this mortgage may decreosP ar increase from time ta time, but the totel un~id bolonte so secured ot ony one time sholl ~ ~?o: exceed ~ mox~mum principof amount of Thirty five thausand eight hundred three and 32J100 _ ~ dollars ~ ~ 35,803.32 ~ - f plus interest thereon, ond any disbursements matfe for the poyment of toxes, levies or insurance on the property covered by ti~ ~ lien of tiiis mortgage, with inizrest on such disbursemersts. ~ f - E , ~ 'f= SEVENTEENT:3s Th~ Bar~k shall ~e-entitled to reasonable atto'rneys_fees and costs upon appeal. ~ - ~ ~ ~ . ~ . . _ ^3_ ~c~ c~ - - - B~(~K7~? PI~_ ~I,