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HomeMy WebLinkAbout0289 - II II 111I I . - -. ~. ~~~~~ c."'!; . ~~~j~~~~~r.:~"!~....~-=t.:"R"b";,J;r.I,~~A'ii~~4i. ~'iji 18 PAGf284 ~ T. ll:C r L~r'UNT'!, rl ^ And the u.id Qla~ daea hereby ~t, proDllM, And -..ne toO and wlUl the _Id morti'atee u Iollowa: FIRST: That Mid mo.ri<<aJW will Z*1 to N.Id mon.,..IM tM note 01' oN~tion Mtrlllnl>e!o" r.fnrnld to> and tM \n&ebted_ .nd interelJt nlde~ ~I'ltby, and 1011 ot.he.. .1.1_ ~u-ed bcl"$b1, .-cl1 and ever,!, promptly upon tht' day. reepedrvely the ..me IleVenUiy boc:oIae due; and will du)" promptly and fully _pi, -.rith, ~ And ,",rform ..11 t.ha rovenanbJ and II.C1""monta in lI&id oote or ob!iption and In \hill lQOrqaae in _nMII' ann f"MII as t.hli)rtll!1 Nt out; an<\ will not l:omm.it or .~tf.f uy strip. WJMlinnent. cLtterioration Qr _t<a of !laid -rtpll'l!'d prnpert)', and will PLY AU CQ;1U, eharps, ab6tr-act f_. and exptl_. il'ldudin.c attorMY'. t_, which tae DlOna-agee llUly illt'ur in rollocting any lIum hen!u$ Mt:~red. in enfon:lq' any OO'\felUmta berein COl't..JnH or in pN~ the mor1&ageOl'a lleCurity, whether by lliuit or otherari-M. 8BCOND: So lonlr ac any of the i1'ld.bc:.d~ ~nbJ secuNld IIhall Nmaln ~ui:atandinl" and unpaid, the mortpg-o:t acre~ to keep In full toree anti elfet1 that <<trtah::. poliq 01' fJQiici_ of Hi.. m.ur&nl." illflued by tho m<,~g~ and u:li&,lI~ to the mc.np.cee as rollateral 8i)(:uritr r\lr thCl p."1YMe:ll of the indebt4dnKII ae<:ured heleby and to keep wid property and improvements Vl K'OOd conditio!! alld repair, to permit tla mo~ to ente,- upon and inllpeet said morqaged proputy, to promptly and f.itn1uUy oamply with an-: .y &.11 1.... ru.lelI and onWIn oi ll"f1U'Y dclf ronlltitu-.ed governmental authorit", and to pay aa the ...me become due and pay.bl. all ta.xes and &aGellflment8 and other charI" that may be I'l>VlOO or auedf)Q upon or .pinat lb. Kid property, or which may be Im~ upon the mortpfM in Florida by Nalt<lIl ot thi. !1IOTtpC- invl.Ultment,OI' upon themort&"ap <Ill' obhption ~mpllnyloa the Nme, vII' the debt hue by lIot'('u~c\, aa .1>11 AI any specil\c lDO~ge bu noW 0.. herMfter Impoeed by taw iB Florida upl)n ..id oOiipuo.u or !.hill mo~, Jlro'lided that should the al'QOunt of l5u~h ta%ea, u_menta and other ebarpa paid for the 1IIl)rte'&~ under tbla para&Taph ~cr with the Int.enat on the ind"bted~ t>xN!ed the h~htlflt itlt.enoat !'"ate permitted by law Oil the indebtcdn4!t!s.. mortpeQr Iball not be liabl~ to pay U1 u! l\Ieh peeM over !the hiskut le,..l J'Bte. and ~ to par aU other debUt obligatiun. or dainu that may become lien. upon or chaq-M apinflt ...w property, wh;ther for 1'IIIpIa1ra or for Impr9vem~t8 that are now, or that may hereafter be made ibereoa, <Of otbe.rwiee, and not to permit. any lien to acente and remain on _id prop4ll't1 or any part thereof, or QIl the Il!l~l)~ uj)On U1e same, wh~h miV1t take pr~nee _ the lien of this mortaa.ce. And to depoalt, with Us" m~ all :-eeeipw or otMl' _tiafacto17 evidl>aee of th.e paJll1tlnt. at ~.., aue&"lD1enta, eharrea. claim. and liena of ntl'1 natun aiYediaar or whidllbY aIlect \be aboTe dMcribed pl'O~ or &liT pan tBereof. THIRD: Upon the faUtae bJ' tM mortppr to par an,. 9f _Id tax.. or ......-menu.. the IIl!M beeo_ du and payahla, 01' the p....ae b1 the State of atl7 law impoalnr pa)'DMnt of the whole or any portion of any of the tlues or char,. afo~id upon the ~rtca.... nil' upon tb6 renderinc by aU7 Court of lut J'lIlIOI't. of a decialol! that &" undertakinr by the morta'al'or u herein prtlTi~ to lI67 taus, auenmentl- or chaTI'M, as aforlllsald, ill lecall7 inopell'1'tivo, or- in the <ennt of the paM&C'801 any State or Federal law ded1:!ctine from the .-alue of landls for the pUll'Jl'OM of tlUation an" liel1 thereon, or ehanBinr ill. any '11'..., the IaW1l for the taxation of mo~ or deblll MCUrecl by mon- pee, or the manner of the eolleetion of any lIUeh tanll !lO .. to p"'udiCll or a1feet tht. mo~, them and in 3ny .uelt event the debt hereby lMl(:und, without deduction, 8baJ1. at tM option of t.M mortcacee. beeome immfldiately due and rollectible, notwith.t.andina: anythin. contained in th!a ~ or al17 law beW.ofore ('.J' her-Mtter tm~cted, or 1iloJ11 judicia" dtlCla!on bere+.ofonl or hereafter rendered. FOURTH ~ The JnOrtpgor htn"em further arr- to 1tMP the Impronmentll upon thll mortp,ced property inlunMI e.s;alnlJt Iou ~ fire with ~decl ~ aDd l! l'tlqutnd, war damap to tM uteut available fn auch In.uran-:e com- panies and in 8ueb amounta u may be ..ti&tactory to tM DIOrtca...., and to eau.. a Ne.., York or Oth8t' .tandard morl- P&'fIC daiJae ..ti3laet.ory to thofo mo~ till bo .~ to aueb. pollet.. and flU r_ymenta th6ftf'.mder lIhall be made to the BOle order of the mo~ N ita lntllrelit ma~ appear: and ~t the option of the mortgagee, aflY pl"oceeda of Irlllurance paid W It may be II.pPlled by the rncrtcape tf> the eort. in whole or in part. ot rest.oring ell' N!pairing any damage done by fin!, or other huard, or the mort<<aa'ee may retain the ..me and apply it ill whol. or In part, at ita ~iaer-etion, t<:; the rlIldud:on of t.'le mort;gare debt. In' the lIT.nt of 10118 the mortlAl" i2 Iluthorized and empowered to lettI. or eompromiB4! claltlu ttMer Aid polin.. but ~II not oblipWl to do I(). FIFTH: The mortp,or alao aP'"S to deliver to the morl&'al'M, all policies of. insurance with evidenCt! of pl't!miurn I.1repaid (renewal pelidell to be de!iftr-e4 not 1... t.\an ten daY' 'prior to the reaPflCtin dllte1l ot expin,tion), and all abetr&cta of title and title paran_ poUela, all of ...-hleh shc.1I be h.ld b, the mortpgee without liability Ilnd in the event of foreelol!ure of this mortaa.. or transfer of title to the mor+-lPo&'e<i properly In ertinguil!hment of I-llid Indebt.edneu, sb..ll become the ..baoh:w property of morteag-ee. SIXTH: And In the event the mortplOT fail. tc J"8PIlir or insure ..id property or to deliver the polkie!!, premiuMlI paid, as herein qreed, or to pay ~ the sa11M beco-aM du. and P/lyable tM tAxea, ueeMtnentll or cbarfrell which may be Cl~IIl:ssed or ITll~ 3.1 afort:8aid, or the liens or ~laiml! whieh may a<<rue on !lIilid property. the mortgagee is hereb1 authol'iJ.ed at Ita electior: to repair sa!d propertJ lUId paJ for tboll eowt of luch ntJ)*in, to In.ut"ll Rid property and pay the cost of such iMurance, lAnd al!4> to pay said taxes, eharres, !ienJl and e1tims, or any p..rt thllreof, without !laid mort- g-ag~ waiving ita right oi fOl"edoll"GJ'e or IHl] ~thi'lll' right her?under, and the mortc&COr hen!t>Y"-greea to refund on dpmand the tlum, or lIWIlll so paid, with interest therlllOn at the rate of eil<:ht per centum fer annum, and an)' and all costa, chargt'l'I, ",t..~tl"lIct i_, attorney'" fe-ell and othct" !I:,xpen_ I:lCUll'W!d in attempting to collect the Mme or enforce payment tnn>cof, and thio mortgage "h"lJ stand 'lS lIeCurity thU1!for, .Pod any luch Bum or emmll IlO paid ahall become a. part o! the ind<!'btedneu hOlreby Ml<:ured, SEVENTH: Ar,d th~ mortR1lgor d~ hereby mortga&'6, transfer, IYlt oyer and alll!!j~n unto the mortgagee M addi. tional 5e,;'~rity fOf the paynl'lll1t of &aid mof'tc7;\~ i.tld41bWdI1ftll&!l of the r-enl;$, juues, inwme and }:':"OfiUl from the above de>>er;bed property. hereby i"iving and &Tantinr unto thE! mortga~ It first and prior lien thU'OOO1, and the morti('agor d()"~8 hereby tran"fer, Mlt over, allaign. and oled.r to the UIil)~ ail leaM8 now or h..~..fkr placed upon gaid mort- ;raged property or anr part ther-Nf and do hereny ct>'f1!nant, and 1lgT't!€ that. in the event of,!l. deiault ,under any of th. covenantl'l and provIsion! of thi!il mortgage. the lDOrtgtg.eoe Is hereby authorl* II.n(t empowered to eollt:ct lInd ri'CE'IVe all surh rcntl" ISlIun, InC':/l'O(, and JH';)f\tlI due and to ~ome dne from any and IllI tenanw Wling or occupying Raid property, or nny {lll.rt thereof, and to apply the ....me apinst the cklfaulted paymenh. 80 loni .a there lInal! be no d<.?favlt her&- undef, the mortgagor shall have the right to t'{Illeet, ueeive and UK, withcut Ilceountin~ to the mortiagee, any lhnd all sueh rents, income andprotiw derived and to ba "rived f!'OM ludd. property. . . .E1GHT~: But if ~he mortpcoi' .hall fail to ft.:)' OT eAl:IH ~ be Il"id ..111 Iwnll ~f princip4Ll or inw'tellt m~nti~~ III RIO obl:,atlQn, &<<ordlnl'l to the terru thenot! And .uch defslo<lt wuu,nl.le fur II p1lrlQ(} of tlnrly da.y., or "hall fal' to l;e>!lP any IK>'liC1 of liIe iMuranee h-dd ... fflU..tenu hereto in full fo-ree Slid efled. or In caJK! 'If tra. actual 01' tin'e.at.ened de~litlOn or retfl(J'i"al 0'/ any b~ilding ~ !1pml uid Pr"..)fX'Tt7 or in the event ~at the mOI'tpfr(l~ IlhlAll r,dl t? par lI&\d tlu.e& or ~~ntll or lI&ui pl:'fl4mms of UlSUl'II.not .. th6 HJlll(l shall lle1l'uaily be-come due ~Jltl. pay.ble. wlthout d.emll.nd 01' Mti<:e, o~ fJl.il ~ perton1'J any ot~er aet or t.h.in~ in old note (;l' herein Tequ:re<i, of or avct'lI b~ said mort..-- g'logor to b'IJ done, the tlnt!A lndebtedn~ hereby Mew:ed Iball th.el'1lupon beeome due and pIlY~bl. and thlll mortlrll.1te Ilubject \.c foNlclOllure, at the option of tll4J '~ NINTH; In e::UCl thla m....rtp.a. be fonclOMd by .. lluit I.u. equity sn..i the nwrtpgoo p~m\~ be !Wid t,~ ll..~ilAfy " d~Nl>!l of fOl"eelollut'fl, the P!,,(~li of '!.i<ob sale aUli b6 applia-d u 'ol.\<)WlI ~ Ft.-.t, to ~he e:xpenx:: in~\lrn,q hli't',",under, \r.<:iudmq ll. l'IlIU1O'ftah!e IItt.orney'1 f~ f<n: J!ulI'h ....~ as may bE nllC~3Un for the eollection of l!I8id indl'btedMfl.'l and: the fOf,-,d',l'iUN Qf thiJ m;:}rtp,ge; ~nd, ~ th'l!> p&}'tHnt of' wlur.tli, 'fill' Ilum 01' "urns tho!! mort4!1l,~ !!lIl)' hlove plit.,d ~~r t""''-'1n~ h"b!~ W ~y in e.aM'yifl3' V1:t the tmrms arnisUvulatiooll of thill mvrtgfl.~. to~ether ""ith ll'1te~t ther-<:'oIl; Bnd fli''';;)' t(\ the ?aj'!r;e"t lUl.d l-liI.tud....dion of !i&id note.. '1"11", b1;..1..nef';, if JIlfi'l', gh..U. unle:ul the (:O,)n d"'-:n!e othl'l"V"I!le, be '3(~~:~~.1 ';r;,~,{,: th~ ::,,{'~'jr.t?)" of~ thf1 CO~lrt h$"d~i' ju)t-isdi:ctlob c-f s.aid 'tt)f'{t.(~!{~~r€ -$\ui~ tfj &\.Lf..~~~ th.;:., {,~r..ther ,....rr.k~t (,f ~~'~d Cu"\.rrt, ,. <" "n'N'~H: Th~ :mort.PZU:t i;f;.~Y ,~I"'M l,\!l ri$'h,.t "t b(.u;~ilM,j And, i!J(NaptlQ)"UI und;'>'f th$ G.)utitution ..-cd LiAw~, 111 ,!"l,.t'!(',~; 1"1(1 ~rrl- tN.t ~(\ ,~b or ~,lJfAtl<:m h~lijb4iIl1'l'''' ~nbed 18?ld th<4 mortpge :liMO to be oowstru&l aeeorv..mc W th~ II\Wff of tht! 8tl!lt~ of Fkr'lG." ~h4lr* the illUn$ LNl eX(<I;;uio'ild. , m.rr:..... ENTll: Thll~, in the illV"'l'It that at ~):>-<'l blIJin.ni.ng ot tot' ..t ~"Y ti'4~ ~nding a.n)' !!li;t upon thi~ nw;-t.gstg.." (.)' t..:J to;'!-d,,,,,,: n'r ''ll' to t~fM'l'h it.. RI1Q./(ll' to l<lni~llo p&~r.t f)f ~IlY claIm" hl,W(!unda:r, s.aiO m,")?'tt(agf!e l'ohu!! i\pplV tG the CQurt h~~'l"f JUl'lllwd.1a:. the:roof I~ t~ apporntmtmt of II J"Ietl!'l'e:t', ilUcCb court sh..tl forthwith appoint ... r<<-eivfJl" of nid mor~~1l't'd pmlJer:<1 lion and. ;lngu!ar, !nducilUi' ail !1n& llIh"gui!l:1' t.h<ll 'N!nt.a, ir.!;O~. prlJtitll', i!l.l<Ul!1li and 1"@vern.leiS frMrt whll-t.{;'nt wUn$, d;al''I"ed. each an;.! oIl"r:; of: whieh ~ bolilT\l!!Of ;r.\}~~ U l.f ~~ib!:y llf'4 fQrt.h /and dl!tlni~d in th$ i'"l""li\.~~ and h.e.t><i!ndu.m ciau_ herwf, and In.:c~ ~l"'~ &hall ha'lle ail the bMMd and e1!ective fur;dinl1-,\ ;;.od powei"'B il'1 llt.l'i'f Wll>!l !!il\u'uvwd by ~ OO!.l,:(\oo of. ~i'f.r. $,nd lIou"il appo.intnwd ,:r..n be !DaM by 1JG<7'h N\)...t U 1':\11 l!.(imitt.;G. ""'-lInt.,. .O<d I'. mlltull' OJ! &M(llur..to right W lOZld mOM.pg-ae, IU'.d withQut ~!;M';;lna it) the ad~uJ;i.t'J m- Inl!.&,qul\(!Y of the 'i'li,lu'! ('f tOO ~ro"l!ort:r m(lorlp.~ ur t;(> th<lil llt>.lft"!:Iq -::;1" in.-!Ol.'t".lllq <;If !lAid );l".grt.,-..&'O" Gn.:!jQ)~' l:i--t t.bIIt d"l!~lHl~nl$, and th.t. ~"eh Ntlts, pro!U.. jl'~,hIJi"" aM ~\llliIII ah.ell 00 app!i<<l by ~!,;;cll ~nn M'<XlI'ding t..,) the lie-n lil'ld/,,'r equIty of $A!d ~fll'M" and t~~ pnetit;e {j! lueh Mtllt. TWEt.F"fH: n....t tn8 lC{>'I'tp~ m.y N!ll~~ 1'6.,. lfoct. COftllliden.tioo. 0): ,wnot, ..., it 10,,,,,, f~,..-r". ,,<:y i""o,c:lor; d t.b." ~OO'"" d..., ""~ri~ lAnd W,it.~~U&, ... w ihe,' ..--In(.'*1' of ~ ~ritf, ~~M lmpai.rifig Of l.\.t1i!ld.!/'l.1<' th~ h'tr, j!nG p!'i,}t'it~~ !M\ItQln pr<:'~10llt;1 to:;: t~.. il\IOr4f~ ~pa.md W "'" Abi)I!fiUlSte,~. . . q {