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Home My WebLink About1470 .' --;. . .' 'II . ~ ~ . . .... . ~ .... . ~ ~ " ,~.. O. R. a::K 15 PACE 20 ,T. LUCIE rOUNTY. rl~. TOGETHEIl WITH aD aDd IinJUlar the tenementl, heredi!aJDenb aDd appurtenaDCel th~rewUo 1ieJonsinl or in anywile th~reunto appertAinin, and. the rmtl, isauet and pro6b thereof, aDd abo all the esta~. risht, title, illt~relt and all claim and delD&lld wha~r, u weD in law II iu..equity, of the said Mdrtl"KOr in and to the larne, includin<< but not limited to: (a) All renb, prolitl, reYft\\II:I, royalties, rithu and beneliu d~rived from (I) crops JIOWD on laid lKurity and produce of the lOil oth~rwise (2) oil, IU Of' mineral lea~ of th~ premisel or any part thneof, now eIistinl or h~reinart~r rnad~, and (3) all othrr renb, iuun and profits of the premiJa from time to time aceruinll, whethn under IeaJes or tl"nanc:i... now ~xistinl or h~reafter created: in each such cue with the risht in the Mortl{a~, but only at its option, to re<<ive and nc~ipt th~refor and to apply the ume as it may ~lect to any ind~btedness lKund hereby, and the Mort'as~, at ita option, may demand, I~ for and ncOHr any such payments, reaenin, to the MortllalOr, however, 10 Ionl U said MortlalOr il not in default h~r~under. the rilht to rKei"e and retain luch renU, iauea and pro6ta. (b) All judgmenu. awanb of damacea and settlementa hereart~r mad~ as a result of or in lieu of any takinl of the premises or any part th~reof under the power of ~mint'nt domain, or for any dam"ge (wht'lher caused by such takins or otherwise) to the pr~mi'ln or the improv~menu Iht'ft'On or any part thert'Of; such part of any such judgment. award or senlemt'nt. as the Mortllall~ may elect to be appli~ to th~ indt'btedness h~rt'by IKU~ and the balanc~ thert'Of. if any. to be reSt'n.ffi to the party or p."\rti... otherwise entitled thereto. TO HAVE AND TO HOI.D the above sranted and dexribed premises to the s.~id Mort~all~, in succeuon and assigns, forever, and the said Mortga~r d~s h~reby fully w"rrant the tillt' to said land, and will deft'nd the same against th~ lawful cLainu of all penons whoJMOeVer: provided always that if Mortga~r shall pay to MorllPllee that certain procissory not~ abo,'e d...cribt'd and shall pt'rfonn all other {'O\-enanU and c:onditiolll of said promissory note. and of any rent'wal, extension or modi. lication then'of. and of this mortgallt'. then this mort!tage and the eslate her~by crt'"\trrt ohall c""oe amI he null and void. , Mort'l'agor furtht'r covenana ~nd ~s with Mortllagee as follows: ( 1. To pay all Silnu including interest securt'd hereby when due, 'u providrd for in said promissory nott' "nd any renewal. ( extensio!l or modification thereof and in thiJ mortgage, all such sums to be pay"ble in lawful monry of thf' enited ~tatrs of . America at Morto:all:f'f"S :\for~said principal oflic~, or at luch other plac~ as Mortga!!:t'~ may designate in writinll. 2. To pay when due. and wilhout requirinS any notice from Mortll;:\gee. all taxt's. a"f"SSmt'nll of any tY:'f' or nalure and other char!!:es leviffi or assessed allainst tht' premiSt's hereby encumbl'rt'd or any intrrf",t of M'lrtll:a.;e the~ri,.,. To iI"1medi. ately pay and di\Char~e any claim, lien or ~ncumbranc~ against sllch premises which m"y bt' or become oupt'rior to this mc.rt- P!(e and to permit no default or delinquency on any other lien, encumbrance or charge all:ainU such premises. 3. If requirr-<! by Mortgagee. to also malr.~ monthly dep:)jiu with Mortltall:("('. in a non.interest ~aring account, tottether with and in addition to interest and principal, of a sum equal to ont'.twdfth of tht' yeariy t"xel and assessments which may be levird altainot the premises, and (if 10 required) one-twelfth of the yearl)' premiums for inourance thert'on. The amount of such tun, AI~ssmt'nts and premiunu, wht'n unknown, shall be estimat~d by Mortl{alt~. Such deposiu shall be used by Mortgagee to par such tax.... assessments and pTf'miunu wh~n du~. Any insuflicimcy of luch account to pay such charges when du~ shall be paid by Mortgagor to Mortp~ on demand. If, by reason of any dt'fault by Mortltall:or under any provision of this mort- Itallf', Mortll:a~ declares all suml IeCU~ h~reby to be due and payahle, Mortll311ee may then 3pply any funcis in said account allainst the entire indebtedness secured hereby. Th~ enforceability of the covenants relating to tax~. as~umf"nll and insuranct' premiums herein otherwiSt' provided shall not be aR'ect~d except in 10 far al those oblittations have been met by compliance with this paraltrapb. Mortgagee may from time to time at ita option wah-c'. and after any such waiver reinuate, any or all provisiolll hert'Of requiring luch deposiu, by notice to Mortgagor in writin~. While any such waiver il in rR'ect Mortgagor shall pay tues, lWnImenta and insurance premiums at h~rein ebewh~re provided. 4. To pay all taxes, stamp tax or other charge which m:sy be assessed upon this mort~age, or ....d :Kit!', ':Ir indebtedneu secu~ hereby, without rl'll:ard to any law, Federal or State. heretofore or hereafter ~nacted, imposing payment of all or any part thut'Of upon Mortgagee. In event of enactment of any Law imposing paymt'nt of all or any portion of any such taxes upon Mortga/tff. or the renderinlt by any court of lut relOrt of a decision that the undrrtalr.inl by Mortgagor, at herein provided, to pay aucla tax or tax... is legally inoperative, th~n, unless Mortgallor nen:rthelftl pays luch tax..., all sums hereby secu~, without any deduction, IhaIt at th~ option of Mortlasee become immediatdy due and payable, notwithstanding anything contained herein or any law heretofore or hereafter enacted. ~. To keep the premises illlured agailllt l01I or dama~ by fire, windstorm or ntmded covera~ and luch other huardJ u may be requind by Mortgag~, in fonn and amounb aatiafac:tory to, and in insuranc~ oompani... approved by Mortgag~, and with acceptable mort~~~ losl payable clauses attached. Such polici~s. tOltether with such abstracts and other title evidenc~ u may be required by Mort!tag~, shan be delive~ to and held by Mottsagee without liability. Upon foreclosure of thiJ mortg..~ 01' oth~r acquisition of th~ premises or any part th~reof by Mortgasee, laid policies, abstraclS and titl~ evidencr shall be<<xne the aJ.olute property of Mortpgee. i 6. To fint obtain th~ wriitm consent of Mort<<asee, IUc:h con~nt to be Itrantt'd or withheld 3t the 10100 discretion of such Mort~, briore (a) removing or d~moliJhing any building now or h~rt'3ftf'r f'rKtf'd on the premises, (b) altering the arran~- (' ment, d..,i!tJl or structural character thereof, (c) malting any repaiu which involve the removal of structural parts or the . exposur~ of the int~rior of suc:h buildin, to th~ ~lemenb, or (d) except for domestic purpo_, c.tIling or remo,'ing or permittinl ( th~ cutting and ~al of any trea or timber on the premises. ,. To maintain p~ses in sood oondition and rep..~~!', including but not limited to the makinl{ of such rep:.in as Mortgagee may from time to tim~ d~t~rmine to be neceaary for the ~rvation of the premises and to not commit nor permit any waste thereof. 8. To comply with aU Laws, ordinanc.... relUlatiOlll, cownanu. conditions and restrictions aR'ecting the premises. and not to suffer 01' permit any violation thereof. 9. If MortlaJOl" faib to pa,. any claim, li~n or ~ncumbr&nc~ which it superior to this mortgage, or, when due, any tax or aueasment or inlUranc~ premium, or to keep th~ premiJa in repair, or shall commit or permit waste, or if th~re be commmc:ed any action 01' proc:eedinl aR'ectinl tM pr~mises or the title ~to, thm Mortgagee, at iu option, may pay aaid cLaim, lien. ~ncu",. branc~, tax, auessment or premium, with right of Iut-",,!ation thefeund~, may mak~ such repain and take such It~ps as it deema advisable to prevent or cure such waste, and may appear in &II,. such action or proce~in!f and retain C:OWlRI therein, and take such action th~rein as Mortgagee deemI adviaable, and fOl' any of said purpoaea Mortgag~ may advance such IUrns of mon~, includilll aD OOIlI, fea and other itema of ellpente at it deesna neceaaary. Mortlagee shall be the tole juG~ of th~ legality, validity and priority of any such claim, lien. eoc:umbrance, tax, auessment and premium. and of the amount oeceuary to be paid in aatiafac:tion thereof. Mortgagee shall not be held KCOWluble fOl' any delay In makin, any luch payment, which d~la,. may result in any additional inkrat, COlt, chal'lft or expeme otherwi.e. 10. Mortaagor wiD pay to Wonpsee, i.........i.td, aDd without demand, aD SUUII of money advanced by Mortppe.puma- ant to thiI ~, toteth~ wi~ interelt 011 each IUc:h aclvucement at the rat~ of tm per cent. (109') per annum, and aD such IWlII and int~rat thereon sba1l be secured hereb)'. I J. AU _ :Jl moaey IeCured Mreby ..u lie parable witbolat aay relief whaleYa' fnIm any valuatioa 01' appraiaement laWl. 12.11 default be made in payrMDt 01 aay ~t 01 principal 01' mterelt 01 uA DOte 01' aay part thereof trhm due, 01' iD paymeat, whee due 01 lID)' other _ IeCUI'ed berebr, OI'.io perfoonaace 01 an, 01 ~I oIJIjptionJ, covenaall or apeemeata heR\Onder, aU 01 the ~ IeCUI'ed Ilenb,. aUD '*- aDd be immediately due aDd payable k the opboft 01 Wortppe, witheut DOtic:e 01' demaDd wIUda an hereby .."....,. waived, ill wbic:h _t Wortppe ma,. a..o ibelf 01 aD riP" j \ .~ .-- ~~~_.,---- -.------.... '--,~---.~~... --._--- ---....--- .-._------_.__.._-~.---.--_._.----.