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HomeMy WebLinkAbout1664 gb~~ 7 214 . C;T.LUCIECOUHTT,fLA. . ' . TOQlmu WJTH aD and IirIUlu the tenementl, bereditamenU And appurtenAnCel the~unto belongmg or In anywue thereunto appertaininl ud the reDtI. iaU" and pro6u thereof. and a1Jo all the eltate, right, title, interest and all cbim and de:m&nd wbatlc J'ftJ'. u _n in law u in equifJ'. of the &aid MOrtgAAor in and to the ume, including but nOl limited to: Ca) AI. relttl. pto6ta, revenuea. royaltie.. r:Erhu and benefitJ derived from (I) crops grown on .aid ~curity and produce 01 die toil otherwite (2) Pi!, (IlS or mineral leues of th" premi~. or any put thereof, now cxiJling or hereinafter made, and (5) all other renbi :aue. and profits 01 the premises from time to time accrung, wheth~r under le:ue. or tenancies now existing or bernfter created; in each 'UcA cu- with the right in the MortKAgee, wt onlr at its option, to rttei\'e and receipt therefor and to apply the same as it may elea to any indebtedne-u IeCUred hereby, and the Mortgagee, at iu option, may demand, sue 'for and recover any SUdl payments, ~rving to tbe Mortgagor, however, 10 long AI said Mortga[or is not in default !1ereunder, the ",-ht to receive aJ1d retAin .uch rents, ilJuet and profits. Cb) All judgments, award. 01 damarn and settlemenu hereafter mAde lU a relult of or in lieu of any taking of tt.e premiae. or any part thereof under the power of eminent domain, or for any damaRe (whether cauu-d by such taking or otherwise) to the pnmileJ or the improvementl thereon or any part thereof; IUch part of any luch judgment, award or settlement. al the Mortgqee may elect to be applied to the indebte-dneu hereby lecured And the balance thc.oreof, if any, to be relerwd to the party or partiea otherwise entitled thereto, TO HAVE AND TO HOLD the above granted and described premi;~1 to the I~id Mortgagee. ill luccessorl and assigns, forever. .~~ ,11I. If:. WI.t!.., .... lu.u.k}. r_JJr .......ulIl Lt.,- b1.l, !u ...:d IA.~d, ....~ ....:11 lhf....d ltll !dP'I.C A~L\ifl.Jt tkt llknf41" ~l.:_. 'If .u ,arNIlI _t,,,.~....; pro.ided alWAYS that if Mort!{al{or Ihall p.'y to Mortgal{ee that certain promislory note above descril:kd and shall ~rfonn all other covenants And condition. of said promilsory note, and or any renewal, e"temion or modi, fkation thereof, ar.d of Ihil mortgage. lhen thi. mortl!'age and the e\tate hereby cre,t,.,l .hall c"., a.,d he null and void. M"rl;ragor further co\'enana and agrt"e1 with Mortgagee al followl: \. To pay all IUms including interest secured hereby when due, as providrd for in saic I'romilSory note and any renewal, ~ extension or modi6cation thereof anrt in this mortgage, all luch lums to be payable in lawful mon~Y of Ihe l'nited Stales of Amerka at Mort"I"~ee'l aforesaid pri~cipal office, or at .uch other place as Mortgagee may designate in writing, 2. To pay whe~ due. and without requiring any notice from Mortga~e. all laXf's. ""euments of any type or nature and other c.harges levied or useue-cl against the premi~s hereby encumbered or any intNcst or M'lrtga~e therei", To immedi. 'atefy pay and discharge any claim. lien or encumbrance against lach premises which m~y be or become .uperior to thil mort. (~ PI'l! and to permit no default or c!elinquency on any other lien, fn;:umbrance or charge against luch premisc., ../ L1 5, I( required by Mortgagee, to also make monthly deposits with Mortl{a<<:ee, in a non-interell hearin<<: a('count;-{ol{ether "\ with and ill addition to interest and principal, of a lum equal to one.twelfth of the yearly Lues and asseumentl which may be levied a~nst the premilej, aM (if 10 required) one-twelfth of the yearly premiuml for in'llran,e thereon, The amount of such taxes. UJe~nts and premiums. when unknown, &hall be ellimalf'<! by Mortl{agle, Such depolits shall be used by Mortgagee 10 pay such taxel, aueSSTm'nts lUld premiums when due. Any insufficiency of such account to pay such charges .....hen due Ihall be paid by Mort!agor to Mortgagee on demand, 1(, by reason of any default by Mortga!{or under any provision of this mort- g&jte, MortgAgee declare. all l'lml secured hereby to be due and payahle, Mortgagee may then apply' any' fundI in said account IIl!'8inst the entire indebtedness secured hereby, The enforceability of the covenants relating to taxe., assessments and insuran~e premium. hemn otherwise provi<led .hall not be affected except in 10 far as tho~ .,blil{atio:lS have lxoen met by comnlian,e with thi, pata!f&ph. Mortgagee may from time to time at its option waive, and after any luch waiver rt'inotate, any or all provisions hereof requiring such depositJ, by notice to Mortgagor in writin~. While any such waiver is in effect Mortgag~~ Ihall pay taxel, auessmentl and insurance premiums u herein elsewhere provided. 4, To pay all taxes, stamp tax or other charge which m3Y be aueued upon thil mort~age, or said note, or indebtedness leCured ht..by, without ~ard to any law, Federal or State, heretofore or hereafler enacted, imposing payment of all or any part tben!Of uvon Mortgagee. In event of "'tlactment of any law imposing payment of all or any portion of any such taxt's upon Mort~, or tbe rendering by any court of lut relOrt (If a decilion that the undertaking by Mortgagor, A.I herein provided, to pay .ur.h tu or !Axea is lesaJly ino~rative, then, un leu Mortgallor ne,.crtheless pays luch taxel, all luml hereby secured, without any de<tucrion. thall at the option of Mortsagee become immediately due and payable, notwithstanding anything contained herein or any law heretofore 'Jf' hereafter enacted. S, To keep the premUei intured aplsut loa or damage by 6re, windltonn or extended coverage and luch other hazard. u IDAY b,. required by Mortpgee, in fonn and lUDOUllts ..tblactory to. and in insurance companiel approved by Mortgagee, and with KCept&bJe ~ loa payable clauteS atached. Sucb policies, tof\'ether with such abstracts and other title evidence AI may be required by MortgAgee, shall be delivered to and held by Mo~ee without liability. Upon foreclosure of thi. mortgage or other acquiaition of the premiMll or any part then!Of by Mortgacee, &aid policies, abltracts and title evidence shall become the abeolu.. property of Mortpf.lee, 6. To lint obtain the written COlUeJlt of Mortplee, ,uch consent to be granted or withheld at the IOle discretion of such ~, before (a) removing or demoliJhing any buildtng now or hf'reafter erected on the premises, (b) altering the olrran~ ment, d~gn or ttructural chuacter thereof, (c) malting any repai.. which involve the remo\'ai of s!ructural parts oyfue upotW'e of the interior 01 such buildint to the elements. or Cd) except for domestic pUrp<>s<<, cutting or removing or ~nt\itting the CUllin<< and removal of any trees or timber on the premiaea. 7. To maintain premisea in good condition and repair, including but not limited to the makin", of such repairs AI Mortgagee may from time to ti:b1e detennine to be necesaarr fo::' the pretervation of the premises and to Mt commit nor ~rmit any waste thereof, (S. To comply with all laWl, ordinzllcea, rerulations, covenanu, conditiC'm and restrictions affecting the premisel, and not 10 Nffer Oil permit any v:olation thcnloI. 9. II Nortga,<< faila to pay any claim, lien or encumbrance which is luperior to this mortgage, or, when due, any tax or TI r I '''"'..t or imuruce prmtium, or to keep the premiJet in repair. or shaIl commit or permit wute, or if there be commenced tIIly action or prouedinl aRectin. tM premiset or the title thereto, then Mortgqee, at iu option, may pay &aid claim, lien, encum- ~. tax, ~t or premium, with ri&bt of .uhrosation thereunder, may make .urh repairs and take such Iteps aJ it deems adYiahle to pnMIftl or cure ,uch w..... and may appear in any luch action or proceeding aild retAin cowuel therein, and take IUCh ~ therein u ~ deenu advisable, and 101' any of lAid purpoIl!I Mortgagee may advance ru~ .um, of money, ,iecl:1diD8 aD co.u. foa &ad ~ iterna of npesue u it deeDII neceIJaJ'y. Mort~~"e .hall be tbe IOle judge of the legality, YAlidity a.nd priority of any F.lch dUn, lien, encumbnn<..e. tax, aueaunent and premium, and of the a[nount neceSlAry to be paid ill atiaik"tkm thcl~ Manppc ~I DOt ~ beld ~taWe 1<< an,. delay In mak.:n, any auch payment, which delay IMY ftS1:k ill SlAy addlticlnal lntereat. COlt, tba."P' or expen.tI ctMnnae. 10. Mortp,or will pay to Mortiagee, immediately and without demand, all sums of mO&Uj' advanced by Mortgagee pursuant to this mortgage. together with interest on e.eh 8uch advancement &i the. ratt! 9f 6t% per annum, and all such sums and intered thereon shall .be '8ecur~ hereby if made by Mortgagee for the account of Mortlagor ooc&U8e of Mortplor's default. 11. All sums of money secured hereby shall be paya.ble without any relief wh9.tev:el" trom any valuation or appraisement laws. ~ .11 "\.