HomeMy WebLinkAbout1565.~ ._ •
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~8b~ 27 n~165
. ST. IUtIE COUNTY. FIA.
'='~(iETHER WITH a1 and sissguhu the taaeaseab. Mseditamassb toad appurtenaaoaa therw°to bd°°~ oc in aaYww
assd tM fresh, iswsa wad psoib tiet~d. wad sJso all the estalR ~ right. title, interest wad all chum wad
thescsmto appertaining of the said Msrrtgagot is and to the tames. includisg but tact limited so:
demand rrhateoever, r well is lase at i• pally.
reveatw. royalties, righb asd beaeGb derived from (1) crop grows oa aid security wad produce
(a) ~ ~~ ~~ ar mineral ktasa d tM premises or way part thereof, wow estisting a hereisafar snsde. and
d the toll otherwise (2) oil, gas
(~) all other yeah. issues wad proGb d the prettsisss from flaws b time wanting. rrhet4tr wrier ~ ~~
or hereafter created: in each such cases with this right is the Mortgagee, but aaly at ib• option. may demand. sue tot
assd to apply the sates a. it may elect to asy indebldnw secured hereby, artd the Mortgagee. at ib option,
and recosYr any such paysoesa, r+esening eo the >tRortgaga, however, a loaf u said >1otgagor it woe is default heteut-det, the
right to recciw wad Hain each yeah. isatns wad pro6t~ - ,
(b) All jssdgsssesb, awards d damages wad settktasesb heredtar made v a result d or m Ueu d way taking of the
prmsises or way part tbered under tM power d eminent domain. or for way damage (whether cawed by sash taking or otherwise)
b the premises or the improreraenta thereon or any part thereof; such part d any such jttdgraent, award or settkaseat. as the
Mortgagee snag elect to be appUed to tbs indebtedness hereby secured wad tM babuxe thaicof, if any, to be reserved to the
party or parties otherwise rndekd thereto. ~-
TO HAVE AND TO HOLD the abovs Rsobd assd daaibed premises to the said Mortgagee, is sucaesors and assigns,
fotcver, and the said Mortgagor does hereby fully warrant the tick to aid hssd, and will defend the taste sgaisat the lawful
claims d all persons MrhansoesYr: provided always that i( Mortgator shall pay to 11[ortSagee that certain proasiaory not4 above
descn'bed and shall perform all other coveaartb and oosditioss of said promissory smote. and of any rossewtl, extension or moth.
fication thereof, snd d this moalgage. rhea this mortgage and the estate hereby croated shall cea,e and be null and void. `
Mortgagor further covenants and agrees with Mortgagee a. foUowt: f
1. To pay all sums including interest sccurtd hereby wheys due, u provided for in aid promissory note and any renewal, ~
extension or modification thereof and in this mortgage, all such sums to be payable in lawful money of the t'nited Mates d
America at Mortgastte s aforesaid principal o15ce. or at such other place as Mortgagee snag designate in writing.
2. To pay when due. and without, requirissg any notice from Mortgagtt, all taxes, assessments of any type or nature
and other chartes levied or assessed against the premise hereby encumbered or any interne of MorttaSe therein. To immedi-
ately par and discharge any claim, lien or ersessmbranee agsunst sorb premises which mar bs• or become superior to this mort-
sage and to permit no default or delinquency on am other bas, encumbrance or charge apinst such premises.
S. I( required by j,fortgagee..to abo soaks awnthly deposits wash 1-forKagec, in anon-interest Fsearing account, totether
with and in addition to interest and principal, d a sum equal to one-twelfth of the yearly to:e and assessments which may be
levied aRainat the presssises, and (iI so required) one-tweHth d the yearly premiums for insunnce thereon. The amount of wch
axes, asseuments and premiums. whrn unknown, shag be estimated by Mortrisee. Such deposits shall be used by Mortgagee
to pay such taxes, assesments and prerssiurro when due. Any insulricienry of such account to pay such rhartte+ whrn due shag
be paid by Mortgagor to Mortgagee on demand. if. br reason of any default by Mortgagor under any provision of this srsort-
tate, Mortgagee declares all sums secured hereby to be due and payable, Montages may then apply any futsds in slid aaount
atainst the entire indebtednes+ secured hereblr. The en(oreeabiGtr d the covenants rclatint to win, assesunents and insunnce
premiums herein otherwise pmsided shall rsot be aNected except in so far as those oblitations have been met by compliance with
this paragraph. Mortgatee may from time to time at its option waist. and after any such waiver rrinaate, any or all provisions
hereof requiring such deposits, by notice to Mortgages in writiriS. While any such waiver is in effect Mortgagor shall pay tares.
assesssnenes and insurance premiums as hes+ein elsewhere providesd•
4. To pay all taxes. stamp tax or other charge which may be assessed upws this mortgage, or said torte, or indebtedness
secured hereby, without retard to ant iar, Federal or States hcrotofore or hereafter enacted, imposing payment of all or any
part thered upon Mortgagee. In event of enactment of any law impounS paynsent °( all or any portion of any such tun upon
Mortgagee, or the rondering by am court of last resort o(a decision that the undertaking by Mortgagor, au herein provided, to
pay such tax or taxes is legally iswpentiw, toes, unless Mortgagor nestrtheku pays such tam. all sums hereby secured. without
any deduction, shag at the option of Mortgagee become immediately due toad payable, nohrithstanding anything contained herein
or any law heretdae or hereafter enacted.
S. To keep the premise insured against loss or damage by Gee. windstorm or extended coverage and such other hasards v
may be required br Mortgags~e, in form and amounb atidactory eo, and in insunnce corspanie approved bf Mortgagee, and with
acceptable mortgaSte ksa payable clauses attached. Such poUcits, together with such abarscu and other title evidence a may
be required by Mortgagee, ahaq be delivered to assd bell M Mort;agee wsthout liability. Upon fostclonsro of thu mortgage or
other acquisition of the premises or any part thereof br Mortgagee, said policies, ubsuacu and title evidence shall become the
absolute property of Afortsagee.
6. To Ent obtain the written oomast d Mortgagex, such consent to be granted or withheld at the sole discretion of such
( Mortgatee. before (a) rensoving or demolishing any building Hoar or hereafter erected on the premises, (b) alterint the arnnge-
I went, d-sitn or strwtural chancier thereof, (c/ making any repair which inwhrc the removal of structural Parts or the f
exPnaurc of the interior of such buildinS to the ekmenb, or (d) except (or dometic purposes. rutting or removing -or Permitting ~
the cuttint and remora) of any frets or timber on the promise.
7. To maintain premises in Sood condition and repair, 'tnrluding but not limited to the makint of ssxh repairs as Mortgagee
may from time to time determine to be nereaary (or the preservation d the premises and to not commit nor permit any waste thereof.
8. To comply with all laws, ordinasKd, regulations, covenants, conditions and restrictions affecting the Premises. and not
to suffer or permit any violation tbered.
9- I( I-fortgagor (ails to pay any claim. lien or rncumbranot which is superior to this mortgate, or, whin dom. any tax. or
assessment or inwrance Premium, or to keep the premises in repair. ar shall eomaut or permst waste, of J there be commenced
any action or proceeding aflertin[ the premises or the title thereto. then Mortta[ee, at its uptan, rear pay said claim, Iten, encurn-
brance, tax. arsrssmmt or premium, with right of subrogation thereunder, may make sorb repair and late wch steps as it deems
advisable to Prevent or cure such waste, and may appear in any such action or proceeslint and retain counsel therein, and take
such action therein u Mortgagee deems advisable. and (or any of said purposes Mortgatee may advance such sums of sssoney,
including all coats, (sea and other items of expense as it deessss nueesary. Mortgagee shall be the sok judge of the kgaGry,
validity and prioriq of any such claim, Grn; rnrumbrante, tax, assesiment and premium, and of the amossnt necessary to be paid
in satisfaction thereof. I-iortea[ee shall not be held accountable (or any delay in nuking any such payment, which delay mar
result in any additiorwl interest, cost, charges or expense othersvue.
10. Mortgagor wig pay to Mortgagee, immediately and without derrtand, all sums of money advanced by Martgagsr pursu-
ant to this mortSagr, together with interest on each such adrascement at the me of ten per cent. (1096) per annum, and all
such sums and interest thereon shat) ba secured hereby.
11. AU sums d money secured hereby shall be payable without any robe( whatever from any valsaatioa or appraaemrnt laws.
12. I( default be made in paymrnt.d any isutahueot d principal a interm bf ssid note or way part thereof what due' or
in payment. when due d any other sum secured hereby. or in performance d any d Mortgagor's obfigatiorts, covenanb or
agreemenu hereus-der, all of the indebtedness secured hereby ahsq become wad be irnrnedutelr due and parable at the option d
Mortgagee. without notice or dernassd which are hereby expressly waived. in which event Mortgagee mar ava7 itseY d all righb