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BOOK
7
181
~T. LUCI[ CouNTY, FLA,
TOGETHER WITH aU and ainrular th~ tenements, hereditamenu and appurtenaneea tMreunw ~1lI or in &!1ywMe
thereunto apper~~nins and the rentt, iuues and profitt thereof. and alJo all the elUte, riGat, title. interelt and all clAim and
demand whatlOe~r. at well in law at in equity. o! tile laid MOIisa<<or in and to ~e ~. includin. but DOt limited to:
(l'\) All renll, "rofill. ra-enues, royalties, rilt'ht~nd benefits deri~d frvm (I) crop' JTOwn on laid leCurity and produce
of the soil ctherwiN: (<1) ..,il. gal or mineral leases of the premises or any part therevf, now exiltinr or hereinafter made, and
(3) all Olher rents, iuues ant:! profits of the premises from time to lime accruinS. whether under leuea or tenandeJ now exiJtil\l
or hereafter c~aled; in each !\Ich Ca.Je with the risht in the Mo.tRa~e, but only at ill option, to receivf and ~ipt therefor
and to apply the sarr.e aJ it may elect to any indebtedne.. secund hereby, and the Mortf,...,ee, at- ill option. may demand, lue ior
and r.,rOHr any such paymenu, re~r"ing to the Mor:Ragor, i.o\le\'eJ, 10 }on~ at laid Mortgaror is not iD default hereunder, the
right 10 reaive and r.,lain such rents, issues and pro6ts.
(b) All judgment>, awar<ls of dunagel and selllemenll hereafter made at a result of or in lieu of any tuinr of the
premises or any put Iher.,of und..r tlte power of emin..nt domain, or for any damaRe (whether caused by such takins or t.therwise)
\v the llr.,mi...s or 'he improv..menls thereon Or any part Iher..of; luch part of :>.ny such judgmenl. award or lelllement, as tl\e
MOrll(al(e., may elect 10 be appli..d to the inrlrbledne~r.,by ",cured and the balance Ihereof, if any, to be reserved to the
party or p"rliH olherwis.. ..nlitled theret". '
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TO H:\ VE AND TO HOLD the abeve granted and described prerr..i~s to the said Mortgag.-e, its IUCCellOn and auignl,
forev:-r, ;:\pd till IFl04 ){'Ft8fl~F IIgI. .,r,'-~ fl1lll} I.rrl1...' ,k..c. ,:,1 II 'Ai. laRj, ... ill ..,... tal r t a. l~. -foal
~1,;_. ~r &11 f'1-'~-' ,,"~- '~-"~r; provided alwa)'s that if Mortgal{Qr shall pAY 10 Mortlp!tee that ceruin prOMiuory note :Ibove
describt'd and sh"U perform all oth~r co\'enants and conditionl of said promissory note, llnd of any renewal, extension or modi.
fication ther~oL and of Ihis mortgag~. then this mortgage and the eSlate h~r~by cre~terl shall cea.'e and be null and void.
Morl(!;'\gor furth~r cow'nants and allrr-ts w;th Mortgagee as fDlIowl;
I. To pay all sums including inlerest securrd h~reby when due, as provided for in lal'a promiuory !!ote and any renewal,
exten.ion or modificatiDn th~reof anci in this mOrlga'te, all such sums to qe papble in lawful money of the United States of
America at MOrl,l!:...~e..'s "fDresaid principal offic~, or at luch Dther place as Mortga~e may designate in writing,
2, To pay when due, and without r.,quiring any nolice from Morlp,':\gee. all taxt'.J, <\"t'uments of any type or 'll~
and other char~~s l..vit'd Dr <\J<~.'sed ll(ainst the premiSt's hereby encum~red or any interc.t of Mortgage therein. To k<<'fnedi-
<\tely p"v and di\Chan:e any claim, lien or ..ncumbrance against sllch premi.e. which m:\y be or become supericr to thil mort.
gage and 10 permil no default ar delinquency on any other lien, encumbrance or charge agaimt such premises.
3 If reqll;rrd cy Mortgag~e, tD also mah monthly dep:Hiu with MDrtl(a<:ec, in a non.interest bearing account, together
with and in addition 10 inter..st and principal, of a sum equal to one.tw~lfth of the yearly taxes and assessmenll which may be
levi~d "l("in't th~ prem;s..., and (if so required) one. twelfth af the yt'arl)' premiums for in'uran,e thelTOn. The amount of luch
taxes, <\5SrsmlenlS :md premiums, when unknown, Ihdl be eltimat~d by Mort,!,a~. Such deposits shall be used by Mortgagee
tD pay such taxes, a,'esm,ents and p~~mium' when due. Any insufficit'nry of such a('('ount to pay such /'ha~~ when due Ihall
be paid by Mortvagor to MOrll("O:t'.. on demand, If, by reason of any default by Mort~agor under any provision of thil mort.
,!,a <<:r , MOrl<<:a<<:e., declares all 'urns se('\lred hereby to be dut'! and pa""hle, Moru:agee may then ;.pply any fundi in laid account
,,'(ainst the entir., indeblecine" !!'cur..d hereby. The enforceabilitl' of the c~'enanlJ relating to tax~, auessmrnts and insuranct
premiuml herein oth~l'\...is~ prD\'ic1~d sh,,1I not be ;;.ffectrd except in so br as thos~ obli!!,ations have been met by compliance with
this p;'\ral(raph. Mortl(al(e~ may from time to ;;me at its oplion wai\'." and after "ny such waiver r.,inllate, any or all provisionl
hereof r~quirinll; such deposils, by nDtice to Morl,!,aRor in Wl'ittn<; While any ,uch waiv:r i. in eff"..t Mortgagor Ihall pay taxes,
as,..ssment! ar.<l insurance pr~miums as herein elsewhere provided,
4, To pay all taxes, slamp tax or other charll;e which m,y be aSSl"<sed upon this mortgage. or aaid note, or indebtedness
sccurrd huehv, wi!hout r('l(ard to any law, Federal or St;\le, heretofor~ or hereafter enacted, imposing payn.ent of all or any
part Ihueof upon Merll(al(e.. Ir. eVl'nl of t'nactmrnt of any law impr>sinl( p,,}ment of 311 or any portion of any luch taxel upon
Mor"~a<{rr, 0r the rrnd..rill<<: bv any ccurt of last resnrl of a deci.iDn that the undl'rtaking by Mortgagor, as herein provided. to
pav such tax or taxes is lel(all)' inoperative, then, unl..u Mort!\,al!or ne,'r-rthelrss P"YI such tax~I, all ,urns hereb-f secured, without
any drdurtion. shall at the option of !\{nrtgag.,e bt'come immediateiy due and payable, notwithstanding any~hing contained herein
or ar,y law herNDfDre or hrrraft('r t'nacted,
5. To k~ep the premis... ir,sured ag2inst Iou or damage by 6re, windstorm or extended coverage 2nd luch other huard. as
may be requirrd by Mortl("l!~e, in form and amounts saliifactory teo, and ;n insurance eOtnpanies approvffl by Mortgagee, and with
acc..ptaLle mort<<:,,'(r.. 10" payahl., cl.1us.., altarned Such polici~s, tDg:ether with luch abstracts and other title evide..ce at may
be requirrd hy Mnrll(,'l!r-r, sh,,1I be drlivrrt'd to and held by Mortgagee wilhout liability. Upon foreclOture of thil mortgage ar
other Mquisilion of th.. prr-mi,..s or any part thereof by MOrl'la~e, uid policie" ..bstracts and title evidencl' Ihall become the
ahsolutr propt'rh' Df Mortl!.1'(re.
fi, To first obtain Ihe wriltrn cons~nt of Mortgagee, luch con....nt to h.. <{r,\nt~d or withheld "I the sole discretion of luch
Mort!(all;rr, I".forr (a ~ rrmovinl( Dr drlnolishinl\ any buildinll; now or hrrraftrr ..rut.,d on the prrmiSl"s, (b) altering the arraup.
m~nl, or-<il("1 or slrllctur.11 rh:\r"ct~r Ihrr..of. (e) making any repairi which im'Oh'e the remcv,ll of stru~tural partl'p"The
eXp(htlrr- of thr interior oi such huilt:!inl!' to the clements, or (d) l'xcrpt for domestic purposrl, cllllin~ or removing or pe'flnittinr
th.. rUllin<<: and rrmoval of any It.,es Dr timl~r on the pnmileJ,
7. To maintain prrllli,... in <rood conclition and repair, ir.rIltdinl( hut not limited to the makinlt of such r~pairs ;u Mortgaree
ln,lY fWIll time to lime drterlll;"" to be nrcruan for thr prrs~n'ation of lh~ pr..mis..s and to nat commit nor permit any waite thereof.
8 Tn comp1.' with ,11i \.1"". ",din"n, r-., r"I!'\Jlalions, covenar.ts, condilio", and r(',ltictions "ffcctinlt the premill'" ;md nat
10 sufT('r or pt'rrnil anv \'io\.1tion lhenof,
9. If ~{ortl!,'<ror f..ih to P,lY ,Iny claim, lirn or ..nnlmhrAnCe which is luperior to this mortgalte, or, when dul', any tax or
"."..m,'nt or i",,,r.1n,.. prr-mi"rn, nr to krrp lhr Plemisrs in rl'pair, or shall cammit or PfTMit wute, or if there be commenced
.HlV "'lion Dr prcKr-rdin<{ afTr-cli"l! lhr prr-m:.'" or lhr tillr thento, thrn Mort!l:al(ee, at its option, may pay laid claim, lien, en.-um.
hr,lIlrr, I.u. .""..mrnt or prrrnilHll, with ri<:hl of '\JI'rol(.lIion thereund/"r, may make such repain a'ld tale luch Iteps at it deenu
a,h,;,...hl" to I'r.'\'('nt or CUf<' ...,h w",t~, and ",:ly appe;;.r in any ulch action or procer.1inlt and retain <;ouruel theP-in, and take
Hlch action thrrein a. MOr!<{,we.. drrms ad\'is"hlr, and for any of laid purpOies Mort!Ja~l' ar.ay advance luch .unu or money,
inchlllinl( all cosh, frrl and o:her itrna of rllpt'n~ as it d~ms nt'Ce..ary, Mortgar<< Ihall be the tole judge of the legality,
\',Ilidit\. 'HId priority Df .any surh claim, lien, enCUmbrilnCe, t3X. a.svsunt'nt and premium, and "r the 'f'1Ount neceuary to be ::>aid
in utisf." lion lh.,rrof. MOrl~al(re ,hall not be h~ld accounlable for any delay in n.&kinr any luch payment, which delay may
rr.uh in anr ;o.dd:lion,,1 ir.tcc.,st, CO.I, rh"rJ(~s or expense ctherwile.
10. Mortgagor will pay to Mortgagee, immediately and without dt:mand, all sums
oi money advanced by M0rtgagee pursuant to this mortgage, together with interest
on each such advancemevt at the rate of 6~% per annum, and all such sums and
interest thereon shall be secured hereby if made by Mortgagee for the account of
Mortgagor because of Mortgagor's default.
11. All sums of money secured hereby shall be payable without any relief
whatp.ver from any valuation or appraisement laws.
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