HomeMy WebLinkAbout1690
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ST. LUCIE CDUNTT, fU.
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'TOOBmER wlm .u a~ ainrWar the tenement:, hereditament.! and appurtenance. the~unto belonlling or in anywi.e
fhuew.to appecta.inin, &ad the rents, ~ and profiu thereof, I'nd a1ao all the eJlAte, ri~ht, ti,tle, inter~il an~ all daml and
~ whauoever, &I well ift J.w &I In equity, of the aa.id Mortrasor in and to the I"me, mcludl!lll but not Itmlted to:
(a) AD renta, pro6tt, rewnllea, ;;>yaltiel, rilhtl and benefits iie.-i\'ed f10m (1) crops grown on laid sec~rity and prC'"luce
of the r.>i.l otherwile (2) oil, '&1 or mineral I~~ of the pl't'misel or any pArt thereof, now eXIstong or her~lna!ter mad~" and
(~) all o!~r rentl, bauet anO profit. 01 the pre.ru..e. from time to time .ct'ruin!. wh~tt.er-under le~s or tenanCIes ~ow ex"tmg
or here<er created: in e~h luch caae with the right in the Mortj(a~ee: but only at its option, to recei\'e and rt'{'~'pt therefci'
and to apply the same &I it may e~t to any indebtedness secured hereby, and lhe Mort~ag~e. ..t its option, may demand, ",e for
and reco\'er any luch !>Aym-n II , reservinl to lhe MOrll(agor, however, 10 ~'ln! at >aid Mortgagor is not in default hereunder. the
rilht to receive and retain luch rents, iHuet and profits.
(b) All judgments, award. of damagel and settlem~nb !lrreaft~r made as a result of or in lieu of any takinl( ,,[ the
pnmi_ or any part thereof under the pewer of eminent domain, or for any dama!l;e (whether caused by sur~ takinl( or othf'l'.....i,~)
to the premi\el or '.he improvrments therron or any part thereof; luch' put of any such juelo:m~nt. award or s~tllement as the
Mortfagee may elect to be applied to the inc!ebtooneu hereby secured and thc bala'lce ther~of,"if an)', to be reser\'t'el to the
_ puty or pajtiet otherwi.e entitled thereto,
TO H," VB AND TO HOLD the above granted and dr,cribed prrmi.e, to the saiel Mnnva;:re, its successon and a"i;:;ns,
forever, ....I till III ill }(ll"'A<<.r ,hal IU.I.:kr ft.lI} ..&... HI 11._ 1:11, t" _:~ l_..J, nnd ..:n d...r1- w.1 \11t"" ,.HIIl; a~.IIIIH dn- 1.1\'fful
711"''''' af dl !lH .RI hlla..1 er; provided alway1 that if Mortl(a;:or Ihall pay to Mort~3'7e th3t cerl3in promi"ol')' notr abo\'e
devribed and Ihall perform all olher CO'.'enantl and conditions of said promissol')' note, and of ~,ny ren,''''''''!. exlt'nsion ~r mooi-
fic;ation therrof, and of this !Ilortgllgr, then th's mort!1age and the 'c.'ate hereby crr..trri .hall c....... and he null anel \'01<1.
Morlg~gor f<lrther rovrnantl and a~~s with MOrl!agee as follows:
I. To pAy all sums including interest arcur..d hereby when due, as pro\'idrd for in saiel promissory no!e and any renewal.
esteruion or modification thereof ami in this ffil)rtgage, all well luna to be payable in lawful mon!'\' of thr l'nited ~l"tr' of
America at Mort!l'3l(ee'l aforesaid principal office. or at luch uther place as MOrlgar;ee may de,if;n3le in writing,
2, To ~y when due, and without requiring any notict! from Mortvagee, all taxe" a,'rmnenB of any type or nature
and other charl(t!s levied or ""'t"ssed al(3irut the premises hereby el'cumb<-red or any intrrc.t of M')rll:a~e then'i"" To immedi-
ately pay and diKharF:e any claim, lien or encumbrance against sllch prrmiu'J whirh ma,' he or lX"come .up"rior to this mort-
~ and to permit no default or delinquency on any other lien, encumbrance or chJ.l'~e a~ai",l such premises,
3. If required by Mortga~, to also make monthly dep:>siu with Mort;:al(cc. in a non,interelt hearin;: acrount, to;:ether
with and in addition to interest and principal, of a lum equal to 'one-twelftl. of the yearly taxes and a"e..menU which may be
It:vied al!'ain~t the premiles.' and (if 10 required) one-twelfth of the yearly premiums for in'"rance therMn, The amount of such
tax", assessmenta and premiunu. whrn "n&nown, Ihall be estimated by Mo~to:agee, Such depo,its shall be turd bv MDrt!l'agee
to pay .uch taxea. aueJSme~,tJ and premiums when due. Any inauffidenry of such acrount 10 pay such chaTl:'" when clue shall
be paid by Mortgagor to Mortgalee on demand, If, by reaaon of any defa'JIt by Mort;:al(or under any provision of this mort-
f[a~, Mortgaree declare, aU ,ums lCCured hereby to be due and payahle, Mortl(agt'e may then apply any funds' in said account
l\~inst the entire indebtednCS1 secured hereby, The enforceability of the covrnants relatinl( to tau_, aut"ssmrnts and insurance
premiums herein otherwise pro<.;ded Ihall not be affected excepl in 10 far as those obli;:alions have been met by compliance with
this puallTllpb. Mortgagee may from ~ime to time at its option wain. and after any such waivei' rein'tale, an' or all provisionl
hereof requiriftr .uch depl>>it., by notice to Mort~..gor in writinq, While any IUch waiv~r i. in r(fect Mortgagor shall pay tnes,
lUIt:IImenU and insurance premiums &I herein elJewhere pl'(,vided,
4, To pay all taxes, ItAJDp tax or other charge which m'\y be a..~~s~d upon this mortgage, or said note, or :ndebtedneu
IKUred heJ'ehy, without rt'i/;'ard to any law, Federal or Stale. heretofore or hercaCter enacted, imposing payment of all or any
. part thereof upon Mortgasec. In f:\--etlt oi enactment of any law imposinl( payment of all or a'lY portion of any such laxes upon
Mortlaree, or the rendering by any court of laat relOrt of a dreilicn thai the undertaking by Mort!l'agor, aa herein provided, 10
pay Neb tax or taxes i. legally inoperative, then, unleaa MortlJ<lj:or nr\'l~rthele.. pay1 sucn usel, all suml hereby securcd, without
any deduction, thaD at the e;::~ion of Mortpgee become ~iatell due and payable, notwilhltanding anything contained herein
or any law heretofore or hereafter enacted.
~, To keep the premises insured aga!nJt Iou or dam.,e by fire, wind.torm or extended coverage and luch other hazardl as
may be required by Mortgallee, in form and amounU latwactory to, and in insurance companie; approved by Mortgagee, and with
acceptable mortg1!lee loss payable cla~s attached. Such policiea, tcgether with such lIhstracu and other title evidence u may
be required by Mortlalee, than be delivered to and held by Mortpgee without liability. Upon foreclosure of this mortgage or
other acquiaitioa of the premi_ or any part thereof by Mortg&lJee, said policies, abstracu and title evidence Ihall become the
abeoh;te propen,. of Mortpgee.
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G. To lint obtain the written consent 01 WoftS1l8ee, .uch coment to be !O'anted or withheld at the IOle discretion of such
Wortpgee, btlore (a) removing or demolishinl any building now or her~ahl'r erC<'ted on the pr~mi~" (b) altering the arran~.
mer.t, desilft or structural character thereoi, (c) makinl any repairs which involve the removal of structural parts or the
expolure of the intericr ofrueb buildinl to the elementa, or (d) C'Xlepl for domestic purpo...., cutting or r~moving or permitting
t'Ae cuttinl and removal of any tree. or timber on the ~
7. To maintain premises in good condition and repair, Including but not li!ni:~ !~ the makir')l; of surh repairs as Mortgagee
may from time to time. dttennine to .be neuaaa.ry for t.~e p!'e1ervation of the premiae. and 10 nol commit nor permit any waste thereof.
O. To comply with aU laws, ordinllncet. telUlatioru, COYeftanu, conditions and restrictions affecting the premiars, and not
to av6t1 or permit any viobtlcn thenof.
9. U Wortl'AIOI' fails <<I pay any claim, lien -:>r encumbrance which i. .uperior to this mortga'le, or, when due, any tax or
~nt Of. itL.oura.n<< premium, or to keep the premiJes in repair, or maU commit or permit wute, or if there be commenced
..,. action Of' proceecllng &Reeling 1M premiaea or the title thereto, theft MC'rt(asec, at its option. may pAy said claim, lien, encum-
~, tall, --..-t !)l preasiUlJt, with right of subroption thereuDder, may make .och repail'l and uke IUch Iteps &I it deems
advUab1c to prevent or cure such waite, and may appeal" in My aucb actiol! or pJ'OC'o:edinlJ and retain co.lnsel therein, and take
IUCh action theJ'l"ir. $I W'ortgasee dtelnl adviJablt:, and fOl' any of aid pul")X"eI WOrllagee may advance IUch suma of money,
inclt;dinf aJl tott., f~ and other items of expense AI it ~ nec:e!PIT. MOt1gaf'ee ahall be the IOle judge of the legality,
,,-alidity and pr1Qf'lty 01 any lurn Claim, lifll, encumbrance, tu, aueument and premium, :\nd c;f the amount neceu&r}' t(l be paid
iR sa~~tioa tbenof. ~ atW! not tit held ucountahle for Lny delay in making any IUch payment, whieh delay may
.....It in .m. ...Mttt.-..t intoo... ...-t ,.10........ ... _.. otMrwi... "
10, Mortpior will pay to Mortgagee, immedis.~ely and without demand, all sums
of moor" advanced b, Mortgai~e pursuant to this mortgage, together with interest
OCt eaeh aueh advancement at the rate of 6!% per annum, and all such sums and
interest ther~ shall be secured hereby if made by Mortgagee for the account of
Mortgagor becAU8e of Mortp.gor's default.
11. An sums of money secured hereby shall be payable without any relief
whatever from any valuation or appraisement laws,
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