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Home My WebLink About1775 - - ----------.... '-_.~... ib~l 7 325 s~~ LUCIE COUNTY, FlA. - . ..--.- _---. J TOO~mZll WITH aD lAd IIiDp1ar 1M ____. bendi~ .... .,...,v- __to '-1- ;, · .. .... tht'reunto appe~inl and the rmtl, ~:eI ~ proIta ...... ud aile dl .. ...... ""t. tide. haIrM ... aD ... .. demand wha...... .. weD '" law .. in equity. of the laid ~ in 1U!ld to tM 1IuDe, iDc::hI&ItIc ... _ .... "I (a) AU re,ta,. profit-, reY'e!'\ueI, royaltiea, riJhts and b..oefib de~ boa (1) eropI peND .. ..w IICWkr ud ......... of the soil otherwise (2) oil. pa 01' minenJ '- 01 t\e JlftI1Wa 01' &II, pa..~ tbenof, DOW ...... · ....,. =--. ... (3) all otht'r rents, iuuel and profits of the pct!~16I from time 10 time ac..::ruinl. whether undeI' ..... . -- -:i. ~ ..... or hereaher created; ill each such cue ".ith the ri,ht in tM }dortp!". but onlr at hi opdM, ... ........ .... ....ipt ....... and to apply the aarne aJ it may t'lect to any indebtedneu IIKUI"ed hereby. amd 1M MOftCIIPe. at ita opdoa. lilay deGllld. .... lor and re<OHr any such payments. reser\'inJ te the MortpCOl'. bowe-.-er. 10 10nI .. aakI WortIaIor ill IIIOt la delault ~. tIN right to rKeive and retain such rents. iJlues and profitl. (b) All judgmenu, awards of dama&el and Iett1emen~ herelllter made as a nIUlt 01 Or' ;... 1ieu of &Dr tU.iq 01 1M premises or any put thereof under the power of eminent domain, or for any dam3~ (whether caUled by such takins or odIer'wiR) to the premioes or the improvements thereon or any part thereof; such part of any such judJlllC!lI. award or eetdement. as the Mortgalt.... may elect to be applied to the indebtednesa hereby teCured and the balance thereof. if any. to be reseived to the party or parties otherwi,.. entitled thereto, TO HAVE AND TO HOLD the above sranted and deacribed premises to the said Mortsalee. ita IUttetIOI'I and aasiJDI, fore\"~rJ &\All the ~1.i.!i }f .In-~-'' 6..,....... 1'~I...b, r~lI, ....._..n..t.ll.~ b~~ 1" _1<1 l\.nd, Qud _tlI d....r~ (b-.; No&J,IlIEO ...l.a~ (b.c bI.ftft clai_ .1 .11 IIS....1 lull...... .r; pre ,ide<! alwayJ that if MortRall'Or shall pl\Y to Mortlla~ that certain pt'OA11eIOry DOte aboge described and sh~n perfonn all other co\'enants and conditionl of said promiuory note, and of any ra.ewal, ~nsion 01' modi- fication thereof. and of this mortga!\e. then thi. mortgage and the estat'~ hereby C~!ltt'rl shAll ce1ue "nJ he nuB and wid. Mortgagor Curther coY~nants and a~t'es with Mortgagee as loll;:;v..;: \ ! 1. To pay all stlrns inrluding interest securNi he~by when due, as providNi for in sa;d promiuory note and any ~ extension or modification (hereoC anrl in this mortpse, all such sums to be payable in lawful money of the United States IJ ^merica at MO"lg~~ee's "forenid prinripal office. or at such other place as Mortgagee may desisnate in writin(. t\ 2. To pay when due. and without requiring any nolia: from Mortgagee, all taxes. aSJeumrnts of any type or nature and other chan;es levied or a"r~sed a~ain~t the p~milel hereby encumbered or any intcl't"t of Mortgase therein. To immedi. ately pay and di\chart:e any c1aitr., lien or encumbrance against Illch premises which may be or become superior to this mort- gage and to pennit no default or delinquency on any other lien, encumbrance or charge arainst such premiIes. 3. If required bv Mortgagee, to aoo make tnonthly deposita with Mort'tagee. in a non-inUrell bearins account. t~U with and in addition to interest and principal, of a sum equal to one-t~lfth of the yearly tases and .-nts which may t'l levied a~"il\.t the premiJes, and (if so ~uired) one-twelfth of the yurly premiuml for imurance tbel'!'Ol\. The amount of such taxes. ou\essments and premiums, when unknown, shall be estimat~ by Mort'talft'e. StK'h deposita shal! be UIed by Mortgagee to pay such ta;:es, a\ocssmenh and premiums when due, Any insufficiency of such account to pay such chaJ'!eI when due shaD be pOlid by Mort~agor to Mortgagee on demand. If, by reason of any default by MortlP;a!lOr under any provUion of this mort. Itage. Mortltall:ee declart's all IU'llS secu~ hereby to be due a.n<! payable, Mortgagee may then apply any funds in said account :ll(ainst the entire indebtedness !ecured hereby, The enforc<<:-ability of the co\'enants relating to taJre1, aueumenta and insurana: premium. herein otherwise pro,'icl~d shall not ~ affected except in so Car as those obliotions have been met by compliance with this parav;raph. Mortltaltee may Crern time to time at its option ",-:\i\'~, ar.d after any such wai,'er reinstate, any or all provisions hereoC requiring surh dt'posits, hy not ire to Mortgasor in writin~, While any luch waiver is in ",eet Mort<<&lOr sba1l pay taxa, ;u,essments 'lnd insurance premium! as he~in elsewhere provided. 4. To pay all taxe!, star:lp tax or other charge which mlY be asse"c:d upon this mortgage, or said IK'te, or indebtecme. !('rured herehv, without re~ard to allY law, Federal or State, heretofore or hereaftel enacte-d, imposins pa)'1D"1'It of all or any part therroC upon Mertltall:ee. In event of enactment of any law imposinv; payment or all or any portion of any luch taxes upon Mortl(all:ee, N the rt'nderinll: hy any court of I..t resort oC a decision that the undertakinr by MortgafOr. as he~in provided. to pav such tax or taxes is lev;ally inoperative, then, unless Mortga~or ne,.crthekss payJ such taxeS. lUIIWlU hereby seeured, without any dedurtion, shall at the option oC Mortgagee be-come immediately due and payable, notwidulandins anythins contained herein or any law heretofore or hereaftcr <,nacted, 5. To keep the premiseo insured ag2inst loss or damase by fire, windstorm or extended coverage and such other huanb as may he required by Mortgagee, in form and amounts satisfactory to, and in insurance companies approved by Mort!'~. and with acceptable mortl(~v;e.. 10<< payable claus,! attnhed. Such policies, together with such abstTacu and other title evidence as may be nquir..d by Mortll:al1ce, shall be delivered to and held by Mortlfagee without liability, Upon forecloeure of thia mortpCe 01' other arqui!ition of the premises or any part thereof by Mortgagee, said policies, abstracts and title evidence 1h1'U become the absolute property of Mortlta'tee. , \ ". 6. To fint obtain the written consent of Mortgagee, such conser.t to be p;ranted or ~thheld at the IOle discretion ol su& Mortgall:et', ~fore (a) remoYin!!, or demoli!hing any building now or hereafter erected on tht premises, (b) altering the arran~. ment, de.iv;n or strurtural charact..r th"reof. (c) making any repa;u which involve the removal of llructurai parts or th<<;) expmur.. oC the interior oC such builrling to the elements, or (d) cxcept for domestic purposes. cutting or removing or pennitttnr 'hf ruttino: and reroo,'al of any trees or timber on the premis~. 7. To maintain premlScs in 1100d condition and repair, incl\ldinll: but not limited to the makinl{ of mrh repairs as Mortsagee may Crem time to time determine to be roe.:essary for the preservation of the premisei and to not commit nor pennit any waJte thereof. B. To comply with all laws, ordinances. ~gulations, covenants. conditions and restrictions afl'ectin( the premUe!, ...,d not to suffer or permit any violation thereof. 9. If Mortgaltor Cails to pay any claim, lien or encumbrance which il luperior to this martgase, or. when due, any tax or assessment or inmrance premium. or to keep the premises in repair, or &haU commit or percit wute. or if there be commenced any action or proceeding afl'ectinll: the premises or the title thereto, then Mortgasee, at its optiOft. may pay said cwm. lien, encum. brance, tax, aw~ssment or premium. with riltht oC subrogation thereunder, may m2ke such repain and take such step' as it deems advisable to prevent or cure such waste, and may olppear in t.ny s'Jch action or proceedin~ and retain ~ tbemn, and take !uch action Ih..rein as Mort.~"ll:ee defms advisabl~, and for any of said purposes Mortpgee mar advance IUCh Suml 01 monq. induding all costs, Ct'es and other items of expense III it deelN necessary. Mort~~ shall be the aoIe jud~e of the legality, ,'aliditv and priori tv of any s"ch claim. lien, encumbrance, tax, as~ment and pl'ftl1ium. and of the amount n~ to be paid in satisfaction thereof. Mor!~ltee sl}all not be held lIccountable for any delay in makin, ..ny JUch payment. 'fhich delay dUly res'JIt in any aJdi(ior.al interest, cost, charges or expense othe~, 10. Mortgagor will pay to Mortgagee, immediately and without demand, all sums of money advanced by Mortgagee pursuant to this mortgage, together with interest on each such advancement at the rate of 6~% per annum, and all such surne 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 whatever from any valuatio~ or appraisement laws. J I I \