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HomeMy WebLinkAbout0264 it~t 18~ ~ 'j'. \.!IC!t: C:'U~Tr. 'n.~. th~ !\lortgagee may, at: itlJ e>ptinll. make 8UCb rep;Wa" it deema ~ and eBet.'tUato the requind in8Uranao, ~I at the exper- at tbe Mor~" Auy amount paid by tile Mortppe OIl ILCCOllUIt 0( .JUCb tus. 1l'-1I11meQtII, inawanc6 premiwna, l!ene. ~ ... tepain. with in__ t1weaft from the due 01 pilymeRt tbareci b)' the M~ee at the rate oll~ per aOAUDl, IhaU bfi. _.... the property __nby JOOIr't1ICed &ad -'WI be .. debt Keund by thiIl~ ~ by the MCJI'tIaaW.~ RpOD~. ... ], To pay to the M~ wlMn dut: fUld.payable the ~t al aUw., ~ Stat*af,~ ~ t,uq, allllelllll1lents, pubhc due. C?f ~ JtvMd or to be levied ~. law wittUn d,eState or Florida on thia rnortpce 01" on tM note 01' debt or lnten!lft ~ henby, ex' on the Ilfortpree by reuou of theow~ of this inoct- pge oc the note or debt lIe(:ured ....y, 01' on accovnt ol interat deriwd therefrom; but if the .moant of ilUCh tax.. a~ents, public duee 01' ch.a.rJu mentioned in dlill ~ tqrethtr' with ~nterelt I)ft the debt &eCUred hereby, sha.1t- ~ tit. ~wa ~Ilt permiu.l by Jaw to ~ paid foe' the ... 01 !!Q:OU)' in tho Statll eI Florida, then the MortpgU' ~ aGt De neqWred to pay any ~'_~ ~. howewr. th'!t if tM ...'eaate in any OPe year ollUCh wterelt aDd ..atanft a..-.:d apa.ut di.e MoriIlDPe ....... audl....... .-mouot pmniued by law to be pUd. for the ue of mOll'eY in Florida.. , 1:be M~ may. at ita opeiaA. declare the entire indebtedneea -=ured berebv due and payable upoa 60 days' notict.. -If auda opt:iaQ . ...a.d ud I10tine given, thf'.n upon the expii1!tion 01 t\ich 60 day'" notice. the entire indebtednea lI'.lCuted bereby lhan be due aDd payable, and nonpayment tbereofllball conatitute a default under thitt mOf't&'al'e. entitling the MOII"t<<aget to the exerci8t. of all righu aritilll by I'WUOn of t.tM happenirtr 01 any other neGt ofcWau!t ~er. ...... Upon the pa.iII8.P, by ,the State 01 Florida of any law impollri.~{"kYQMnt upon, th, ~ Mortpaee of t.be whole or any portion ol any t:a.ufi. 1I1li1e11l11Q)f'nta or other ~ aMeIIed againat .:hi. auxt.p"e or the note or other indebt- edl1elll hereby 8eCured, or upon the reuduill&" by any court of oorrpeteut jun.iiction of a deci8ion that an under. taking by the Mortgagor, as herein provided, to pay any IUc:h u>.xe8, aMUIUiente or other charges i. legally in. operative, then and in any eucll...-ent the debt hereby 1leCw-ed, without deduction, thall, at the option of the Mortgagee, become immediately due end pAyabl.e, notwithatandinr anytbinr contained w thia ~ 01 in any law heretofore or hereafter enactfJd. 8. To notify the Mortg&Kft at once of the commencement of condemnation proc:eedinp 01. a4.y cbant.cter affect- ing the mortg, aged property, << any part thereof. In the ewnt that the lUortca&ed propNty ia whoUy condemned, the Mortgagee ahali receiYe frore ~ Mortgqo:r and/or the proceed.a of Neb ccndemnatioB prcoe.edinga. the balance of principal remaining unpaid 011 l18.id prom*xy DOte, with intenat thereon to the date payment Us re<'eiVfXi in Hartiord, Connecticut. and all other indebted~ ~ by lbia mCll'tpp. and with .attomey'e fees, court Cl)6U and all other expeJ1l!a incurred by the Mortgag'ee in connection with IUch condemnation. H, however, the mortgaged property is partly condemned. ~ Mortgagee .ball have the right and option W deter- mine the amount of such cond~nation pt"OCeed. a.a it will require toward the reduction of the mortgage ~t, with interest therecn to the da~ of payment and, in addition th~to, the Mortpgor Ihall pay to the M0rtg8pe all attorney's fees, court C08ts and other expenees incurftd by the M~ In ronnt!Ctioo with web condem~ nation. Tht: Mortgagee shall ha"" a lie-n on any money judgment oc a~"arrl given or made to, or in favor 0(, thP. Mortgagor as a result of an}' i'uch condemnation proceedings or a8 a re8ult of any exerciee ol the right of eminent domain. whether or not the N.me i.a made the subject of court proceeding.. affecting the propert)" hereby mort- gaga!, or any part thereof. Nothing herein mall be coo$ider-ed as a waiver of the right of the Mortgagee to ~ made a party to such condemnation pl"OCeetJinp, or any proceedinp affecting the title to said property, or an}' part thereof, and shall not obviate the neceu.ity of making the Mortgagee patty thereto. 9, In the event aU or any portion of the property h4'Ieby mortgaged i. included in any drainage or other improYe~ ment di6tr;ct formed Cl" authorized sub3equent to the date hereof, or in the event Baid property, or any part thereof, is in a drainage I)fr other improvement district au of the date hereof and ImblieQuent to the date hereof the bonded illd.ebtedneee of such. tja.tfict ia increated or the damct i. authorUed to make additional UIle88- menta for improvements in excew of 1;'% of the aaesament in force and effect as of tile date heroeof. then in any of such events, the Mortgagee may, at its option, declare the entire ind~btednet18 hereby secured due and payable upon s.i,x months' notice. If 8uch option ill exerdaed and notice given, then uyon the expiration of $uch .ax month,,' notice, the entire indebtedness hereby secured shall bf' due and payable and nor-payment thereof shall constitute a default und<er this mortgage and the.same may be collected by foreclosure orin any other manner provided by law. However, if the Mortgagor pays the said additional a8SeSSment in cash within said six months' period, then the right of the Mortgagee to accelerate the debt. l!e(:ured ht'reby, for Baid specific nonpayment, Ilhall ter- minate as to !!uch ddau!t. without in any manner affet:ting the rights of the Mort~agee unde.' any other existing or 8ubSt:."'quent default under this mortg:\~e or the note lleCure-d hereby. If said a8SeMment may be paid in in- 8talmentG, then, at the option of the MortgaRee, the Mortgagor may avail himself of lluch priviie-ge, and lhereafter no right of acceleration ,mall be available to t.'le Mottgagec llnlest! a default OCCUt1I under iaid instal- ment payment!! and lilaid default il! not cured in thirty days after it:! due dare, ill which evcnt, the Mortgagee may. at its option, elect to accdcl'ate the mortgage debt and proceed with the collection arid/or ioredo&ure thereof. 10. To pay.,ltomptly all inst~lments due others upon <lg~mentll of le~ or ('.onditionalliale contracts of all fixtures, (urnishUlR"8 and equipment located on said property. Should the Mortgagor (ail to make any lIuch payment, .J'b,' '. the ]\fortgagee may, without demund or notice, pay vf ~tisfy the sam.e and the amO:.lnt so expended shall bear "'If!' interest at the rate of 100;" per annum and shall be payable by the Mortgagor to the Mortgagee upon r.iema!ld and sha!!, with the interest the-reoa, he secured b,;' this mortgage. All windmills, pumps, pumping plants ana irrigation or drair:a~l" equipment used (or the irrigation or drainage of said property, or for stock wat:eRDI or domestic p:Jrpo~!! thereon, a11 motors, l!;"1ginet; and devicea for the operation of said windmiils. pumps. pumping p13r,lt,Jl iI,nd irrigatio,n or drainage equipment, all refr-i,gerator sY8!,emS, fire pr~ventl,'on and eJ{tinguishi~ a~tu.. all lij<;ht:nl<, h<:ati..g and vf!ntilating fixture" and equipment, and all motors, engines, dynamC* and t:!oiienI.,.DOw or hereafter installed in, on or about bilid prope n,y, irret!~>e(tive of the ma.nner o! installation, ;ire aRd/<< im !1H......:ilil tdy upon the in8tallati.on thereof, lOhall bec,):ne an(: L~ fIxtures and a par! of the realty andllha1! not.be remove(.! from ll-rtid prop-erty without the writtt:!1 con:r.er.t 01 the Mortgage.:, 11 -rei pay ~.) ,h" Mortg'",K':'~ promptly U!x)l1 dem~nd all u",tt\, expenres and ,'ttc'nH~Y'J; fees, including the cost o( 'Iii\' ti;'k' f.'Y~;~Jr~i~j;tt~cn~. ;':1 ~.;..h~rr;-l/::t of l;th.' ()r r;~i{~ in~".~rJ,nct~,; th::~t ~n.i~\' h{,: i;~c,~,.1r.red tht.~ ~i! ~'~n~.' n~rc:: lega: or l,n hcf""V.."lk, ;IH(~'ctfnv the n"r[1rT'g"ag:ed nroperty", t)t .an'\,' f).art th{:ta:'~"1L or" th(l title tht=;r~t.")r 0; t!\;~ v;;iidit\. ()~ priorit;/ nf dWl mortl{iige, 0;' f,h,J!. :[1,)Y' l>e in('urn'.'-d by the l'\L:;rt~:ag~'; b:-' ,reason of d;e faiiutl:" (:.1 rJi;: ;~ri.H"tgagcli~ to ;.~f:i.f~p :lnd pc'.rforn1 ar;y of UH.; covenants or ~g-reernt.nta COi~taU1t':d her-e~n or ,n s;.,(!G prornlS"" "..Dry DOlf.', Ail J!iud, CO'\l!!, e,<pense<!! "lid attorney'!,! fCf:'R pa.id by tht Mortgag'e~ shall benr interest from th~ (btl': ~)i pa,\rnr:~ii !j~..fi'rt:1)f at thF~ r?~e (;f ~. per t1nnurn U;"ttjl repaid }:'y the fv1nrtg-agor dncl :~haU., i'N.:th ;such in.t{~r~i.: tfi' ;, ;;?l"t of rh~ Qebi: ~cure;.: by thIS moctgai<;e. l;?, In the cv('n~ ~'_-;f d,=fa~)lt in the r(~nf~":V:1 r t")r r~xten:~~0n 'i",h~reoC cr d~~, ht<i~\fit (if i:tet:i~tGra, or if :\.0) rment vI the promi~"'Iry r'ott' h~reby ;<.f;tun:-d, or any part thereo!. ()rany rh~ Y;~~Hhag;}r. s~\a!l ~:e adjudged i).'Hl~rl.lpt ('A' sh~]l ,n;ake an, <lss:gnme;,t ior pr;;c-eedui,g;? !h~\d be t3.Ken a.grHn~~t the :vlG'ftgagor Hfl>.k.ing to tHe app-o!ntrne-nt .. I-'<:~~-f: :3