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HomeMy WebLinkAbout0991 . .....-,:.."'.-'-. _.. ~ '-,o-....~___~.:...~.._~.........~-_....,.l.................~.:.........;'.~_.. ~.,....-.'"-............-..~ _.t......__ r.IL' 9((_ 58 I ~~r 288 .........,. ~ <; T. LUCi[ Clihn~ !lA. . TOGETHE& W1~~ all and singular the (.conement.. benidil&menta and appur~n&nOM thereunto belona111g or in any- wlsa thl'reunto appert.&llllng allll tho rent" i88ues .:wd profits thereof, and alao all the estate. rijrht, title. inteN;!lt and all claim an.J d.'111allll whp,t,'oever, &>l well in law &II in equity. of MC/r~r in and to the B.loUle. inoludlnr but not limited to: \a)AIl rtmts~ profits, revenues. royalties, rights anti beneftta derived ,,"om (1) cropa (Town on II6id aecurity and produce "r the sOil othenn~~ (2) ':Iii, Ie..! or minl'ral lea..es of the premiaes or any vart thereof 11011' existing or herNIter ",&de, with the n~ht to rooolve allll rOOl'lpt therefor and applv the r.ame to the indebtedn_ leOu;;d hl'l'oby either Wore or alter any default hl'reulldl'r, a~d Morlgagee may demand, sue lor and .-eoover any suoh paymenl.l but sl,all not be rtlqliired 80 to do. And (3) all .,tl1('r ronls, IS"'Ul'~ and ~NfltJ! 01 the premi_~ rrom time to time aooruing. whether under If:'&lIOll or tenancies now exillting or Ilt'rl'after eroa.too~ rffil'r....ng to Mor~or. however, 80 long ... Morlil1gOr is not in dafault hereunder. the right to reooive and rel..m the rents, IllaUOS and profits ill olauses (1) and (3) herein. . (h) All judgl\l~nts, awa.rtls of dill1l~ and settlements hereafter made resulting from condemnation proooedingll or the taklll~ 01 the pre.mls"" or any ~t theroof l!ndl'r the power of eminent domain. or far any damage (whetb..r oaused by suoh taklOg. or othl.'rwlse) to the prenllses or the Impmvt'mt'nts thereon or any par~ thereof. ",' to any ~hta appurtenant thereto. Includmg &ny awa~l for ohange o~ grade of streetJ!. Morlg~ is hereby authorized. on behalf and m the name of Mcrtgrogor, to 8XN'ute and dehver valid acqUltt~W8 for, and to appeal from, any such judgmel'ta or awartlA. Mor\ga<<ee may apply all such sumA or any part thl'teo~ eo reoelv~, alt.-r the payment of ..II 01 itJ! Mp0n._, including OOlIte Md atwmeyg' r_, on the Indehtool108ll secured hereby 1O auch manner &8 it electJ!. or. at itJ! option. the entire a.mount or any part thereof 80 rOOl'iyoo may be released. TO HA \'1: AND TO HOLD the above granted and tiOllCribed premi_ to Mortgagee. its SUooeMOl1I and assigns. forevel. &Jill ~lorlgagor d04:'8 hereby fully w~rant the title to said land. and will dete'ld the II&Dle against the lawful cl&ims of a\l perwns whom"o...ver; proVided alw&ya that If Mortgagor shall pay to Mortgagee that oortAin promi8l!Ory not< above di'llOri;,.,u ar,d shall p'.rform all other covenants ~d eondition8 of said promi880ry note, and of any renewal, extension or modifkation thereof. and or thl~ 11\0rtgage. thl.'n thiS mortgage and the estate hereb)' oreated Ihall cea.ae and be null and void. ~fortgagor rurther covenants and lIf[Tees with Mortgagee ... follows: L To pay al~ SUIllS inoluding inte~t ~urecl hereby when due, M ~rovided for in IlAid prorr.i!l8Ory nol€\ and an)' renewal, exll'nSlOn or 1Il0<hfioalton theroof and In th18 mortglogtl. alllluoh sums to be payable in iawfnl money of the Unitt'<l States of Aml'riea at Mortgagoo's aloresaid principal oftioo. or at Iluch other pla..oo &II Mortgagee may designate in writing. "2. To pay w~l'n dm', .l.Iul witholl.t retluirin~ an~.. notice rrom Murtgagee, all taXl'8, a..""'<'8iII1\I.nts of lUl)' typt.. or naturl' amI ollll'r l.ha!1:'I's \('vll'<l or a's"ssl,,1 against th.. prl'l1Iisl'lI hl'rt.by l'neumh...wd and produce reel'ipL~ thewfor UpOIl demand. To ilJllJlNliatt.ly pay allll disl'har'K1I any rlailll. liNI or l'ncUlJlbranl'8 against surh prt'mi_ whioh may be or beoomll SUJ>I.rior to this 1Il0rlKllKI' alld to PNmit 110 Ilt'fault or dl'linlJlwncy on lUlY other Iit'D. ..ncumbrallce or chactrf' against sueb premis{'s. J. H r~uiretl by Mortgagee, to also make monthly deposits with Morlg&Ree in a non-interest bearing aoouunt, togethE\r .....ilh and in addition to interest and yrinoipal. of a sum equal to onlt-twelfth of the yearly taxes and &8SeK~Dletlls which may be Illvil'(1 60gainst th.e premi!l€6. and (i so requirl'(l) onlt-twelfth of the yearly premiums for insurance thereon. The amount of sueh taxe.... aSSl'S:lml'lhll and premiums, when unknown, Ihall be estimated by Mortgagee, 8uoh depogitllllhall be used by Morlr g&gl'tJ to pay sur.h taxes. ass{'Ssments and premiuDls when due. An)' ilJsufticiency of such aooount to pay such charges whl!n due shall he p&id by Morlgagor to Mortgagee on demand If. by reaBvii of any det"..lt by Mor4ragor under any provision of this rnortga.ge, Mortgagre declares all sums aecured hereby to be due and payable, Mortgteee may then apply any funoll in said &Ccmlllt &gainsl the entire indebtoon68ll sooure<! hereby. The enforOOllobility of the covenantJ! rel.tin, to taxee, assesllmenta alHI inslltanee premiums herein otherwise provided shall not be atreetoo except in 80 far &8 thOlle oblillatlons have been met by eompli..noo with this paragraph. Mortgagee m_y from time W time at its option W~\lve. and alter '-I\y such wai\'flr reinstate, any or all provisionll hereof requiring such deposits, by notice to Mor~or in writil1f.. While any 8uch waiver ill in etfeet Mortgagor shall pa)' laxOll, lI.8SOS8mentJ! and :nsurance premiuml &II herem elsewhere provided. 4. To promptly pay all tax~ and a"gE'&lments &l<lll't<sod or Ip\.ioo under &nd hy virtue of anv 8~W. f81l('ral, or munieipal law or rpgulation her('Afl..r pa88(od. against Mortgagee upon this mor~o or the debt hl'reb)' 'sooutl"llI or upon jL~ inten",t \JJlllpr this 1II0rtgag''', ptllvidl'<l howev('r, that tho total amount 80 paid ror any such taXI'S pursuant to thiS paragraph togl'ther \\ it h llll' intNPSt payahlll on said indebteclnl'tls shall not exct'ell the highl'Olt Ia.,..rul n.te or intetl'8t in Florida' and pNvidllll rurlill'r that in the ..n.nt or tlw ~e or any sueh law or rt't{Ulation. tbo entire indebtedlll'S-'" s('('ured by this mottgagl' she.U tln.n'lIl'"lI h,'('ome imllwdiatdy .Iu(' al1ll payahll' at the option uf Murtgagl~. 5. 1'0 keep the premises insured againat 10SlI or d~~ by ftre, windst~rm and IIUch otber hau.rds &.ll may ~ required .by Mortgagoo, in form and amounts satisfr.cwry w, an~ m mlluranoo companies app!'Oved by Mor~. the. pohClee for which insurance shall be payable to MorlgAgOO. Suoh po!'mes, and abs~ra.ots and other tl.t!e OVldence, shall be dehveroo to and he!d hy Mortgagl'e. Upon forN'108':1re of tnis mortgage or other acqUISitIOn of the ftflIDI- or any part thereof by Mortgagee, 8&.Id pllIicil's, abstracts and title eVidence sball become \he abeolut4l property of ~..or~. 6. To first obtain the written consent of Mortgagee. luoh consent to be granted or withheld at the 80Ie discretion of such ~forlgagoo, before (a) removing or demolishing any :building no~ or h~~ter bl'ooted on the premill88. (b) altering the arranglt- lilt'll I , dl",ig~ or struotural ch~ter thl'reof, (0) makml{ any rep&lt'8 which m:-,olve the remova~ of structural.parta or the.ex.posure or the interior of suoh bUlltllll1l to the elementJ!. or (d) exoopt ror domestic purpoll88. cutung or removmg or permlttmg the \lulling and removal of any trOOll or timber on tho premises. 7. To me-intain premi>;{l8 in gc<>d o.:>ndition lUld repair. including but not limit~ w the making of su~1a repail1l &8 Morigagee Illav from time to time determine to be nooess&ry for the presen,ahon of the preml_ and w not commit nor pernllt &ny waste tlll'r..",r. 8. To complr with all laws, ordina.n.oos. regulat'ions, covenantll, conditiol18 and re.slrictions affecting the premises, and not to sufTl'r or p"rmlt any violation thereof. 9. H Mortj;(....70r fails to pay any claim. lien or encum~n.nr.e .whioh iA superio~ to this mortgage, or.. when due, any tax or as.~..,..sment or insurance prl'mium, or 10 keep the pre~lll88 m rep~r, or B.hall commit or .pernllt W&llt~. or if there be commenced any aclion or proceeding affecting the premises or ~he I1tl.e theteto, molu~lIIg. but ~ot hmued to. cmllleot dC/mam and w..nknrptcy or Tl<lrganization proceedmgs, thon Mortgagee, at Ila ophon~ m&y pay lI&Id olalln, ht'n, e.ncumbrance,. lax, &8lleIllIment or preollum, with riJ:'hl or subrogation thereunder, may m~e such. reploll1l and. take suoh steps. &8 It deems adVlll&bl~ w orev~nt or cure suoh Wa.~t9. Coml mav appear in any such action or proceedlllg and retAin counM'I therelll, and take such r.ctlC?n therem iL8 Mortgagee dl'('lIls arlvisaLle, and tor any of sa.id purposes Mortgagee may advance such 8umll of mone>', mcludmg all ~sta, r~onable attornl'Y's rees and olher items or expense &II it deems necesr<ArY. Mor~oo shall be tbe 80Ie Judge of the legahty, v~h~lty a~d . priori Iv or anv such claim, lien, encumbrance, tax. auessment and pre~lUm, ~d ot the amount nooess~ to be p&Jd m sal1~- r8{'tion therror. ~lorlg~oo si,all not be held acoount&bl~ ror any dt'lay m maklfig any such payment, which delay U1a)' result m any additional interffit, cosls, chflrgt'l'! Gr t'xpense c!herwlso. 10. Mortgagor will pay 10 Mortg~ee. immooiatel)' an(~ without dt'man~. all sums of mone)' adV8JI~ by. ~orlgagoo punlUanl 10 this Illortj?age. includinK all costs, re.asonahle attorney s fOOll and other Items of e~pense, together With Interest on each S'.lch advancement at the rate of ten per cent. (10%) per annum. and all suoh Ilums and 1l1terest thereon shall be secured bereb)'. 11. All sums of monty securoo hereby shall be payablE' without any relief whatever from any valuation or appraisement lawE. 12. If default be made in payment of any installment of p~ncipal ')r interest of uid note or &n~' P&t tb~reof wben due, or ill payment, Whl'lI duo. of any other sum Set1ured hl'reby. or m performance of an.y of ~ortg~or s obhgatlOns, covl'nants. or agTl,(,lIlents h('rl'ullll('r, all or the indebti!dm.a.... secured hereby shall becom~ and !:>e IID~edlately due and p~yable at the optIOn or ~lor'Rl4('ee, without notice or deman~ which are hereby exp~es...ly W&lved, l~ w.hlcb ev.ent Mort.;.agee ~ay aVaIl Itselt (If all rights an,1 rmll><l.il'S, at law or 111 eqUIty, and tbls mortgage may be foredO':~ :WIth ~II nghtJ! and remedies aff?rdoo by the laws or Florida and ~lorlgagor shall pa.y all costs, charges and expell8et1 thereof. mcludl!1g a reasona.ble atlorne~' s fee. 1;~. If d('rault be made in pa~'ment. when due, of ar.y indebiOOnOll8 8ecUred hereby. or in performance of any ot Mortgagor's obliga.tions, covenants or agreements hflreund~r:. .. . .. . (al I.lmlgagee is authorired at any time, WIlhout notice, U1 1tJ! sole discretIOn to enter upon and take )>08s(,l;slOn of thl' prplIlisos or any {'arl the.roof, tf. perform any ACts !,lortg1igOO de<lms neoeMArY or proper w oon8e;l'Ve the secunty and to ('o":'<'t awl rooeive all renls, I8!lUes and profits thereor, Inoluding thow pa.st due &8 well as those &OOrUlng thereafter. aild I.. (h) ~lortg~ee shall be entitled. a..~ a mailer o! strio~ right and with.out reg..rd to the value or occupanoy of the Ilccuritv, In have a r~iver appointoo ~o enter upon ~d taxe po_IOn of ~be 9remlses. colloot th~ rents ..nd profits thererr~m.and apply 'Ill' same a.~ the court may direct, suoh receiver to have all the nghts and poweI'1l per=tled under .he Iawll of I'londa. 'In l'illwr Ruoh case Mortg~ce or the re'eiver may also ~ke J>O!lSEl!'l!ion of. an.d tor these purp<lE\ell U88. any and all personal prolH'rty eontainf'(1 in the premlSOll and used by Morl~,~r 111 the .rent~ or leaamg thereof or any part ther~. Th~ expen88 (including rl'G('ivl.'r's ree><, eounst'1 I~. costs and agent s compensahon) 1I1ourroo 'pursuant to !he poWCTlI her(\~n cootaml'(1 shall I)H securod hereb~. .Mortgagee shall (alt~r p!lY1l!ent of all Msta and expenM'S lllc~rrod) app~y 8uoh rents, ISSUes and pro~t.... t!,<wivl'll by it on t,1e mdebtooness sooured hereby an suoh ortler as Mortg&gee.d..,tennll1et1. The nght w ent~t and take pO~l\lI8lOn or saill propNtV. to l1lan~ and operat('l the ~ame, and w coll80t the rente, IIISUes and profi1.8 thereof, whether by a receiver or othlltwisl', shall be cumulative to anv other rIght or rem.edy hereunder or atforded by law, Ilond ma.y be 8x.,rcised conourre!'t1y therewith ar independently thereof. Mortgagee sball be liable to aooount only for such rent.. i'iSullll and profits r.ctu&l.ly received by Morlgagee. . ,,":