HomeMy WebLinkAbout0935 -
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~ ! ~ l ~ t TO~E7'HEt 1II7'H 1~11 : : < ; , , • ` ~i ` - ' i , ' , ; . , . . , •I ; J ,
' T~ .
~ l`wL~ t6erounto ~nd a~lar~tbs ieoemen~ heredit~neaM ~ad~?p
PnsNnwee~ thetwmb oe in .
r ~ ~ppertainint aad tAe ra~t~, ir~e~ and t+~ Wareol. ~ad abo W tb~ ap?1a ht, 4t1~ iu~~ad all elam t
, ~:•+:•~nd dan~ad w!u?twsree~ Y RAD Ut J~'1 Y in equi~r. Mortta~or ia aod b the auna indud~ir,~ 6u~ not limited to: - s~
i r i' All reni+. DroAtes rsveaue~, royaltia. r~ht~ ~ad bsnesta deeived imm (1) ae~ops ~rown a~ aid ~eourity aad produas ~
. S'. 1°'., ot ths wil otherwi~e (
Z) ~ t.~s o
e m
i n
e
r
w
t I
e~~ o t t h
s P
r
s
a
i i ~ e s o r Wpar 0 W
s c
e o
t a
o
w e
s i
a t i w ~ or h e e~
s ~ t
t
e r m a
da wi E
h c
h
s , i
+ ritht b reeeivs and reeeipt W~retor and y?p the auas ~o ths iadeb t
e d aer? ~soure~ hee~e
b
y either betors oe a[ke ~?ny det~ul t 4': ~ t
' hereuader. ~ad Matg~ee myr demu?d~ sue ~ie and reoovee aqy suoh p,ymeats but aball aot bs required ro b do, aad 43) all
~ . other reats. iiwues sud proBV d the premiae~ tnwa tiuze b time ~?ooruiag~ ~rheWer uuder le+~se~ or tenaaaa aow e~t~n~ or
~
s:~~ h
e re~
t t
e r o c
e~
L
e dt n s e
r v
in~ b M
o
r ~ag~or~ howevsR ~o l on~ as Mortgagor ~s not in deiwlt bereuadat. We right to reoeive and : :
? ' ; < < reta'
bthe rents, ~ues and pro8ts ui olau~es (1) and (3) heeria. . ~ .
} ~ , : j ' ' ~ ` ( ) ~1t 7ydgm~?b. ~wuda o[ damag~e. and ~ettlemoata herealeer made re~ultiug irom oondemn~tion ngs : :
I ~ W c i n
R ot t~s p~
e
m i~ e s o
t a t q
r p
a
r t t
h
e r
e o f u a
d e r t h e p o w
e
r o
t e m i a
e
n t d o
m~
i
a. o
r t
o
t d ~lused b~
suoh .
' ~ { 1 ~ tak~ng or otheri?iae) to the +~RY P~ thereot or~
o ~whether ou y ~ ` ~ ' f
~ r Preimises or LM impmvameata Lhee~eon or an~? r~ 4 uPParteawt Wereto, t
inoludint ~ny +~~rard tor ohwge ot grade ot ~keeta. Mor is Lereb
y wWori:ed. on b s
h ~
l t a
n
d m t
h
e n a
m
e o
t M
o
r t g a g
o
r
. ' '_~t ; to eaeoute and detiree v~tid aaquitt~naer for. aad ~a ap~tma~.+~qy auoh jud~meata or awarrL. Mortgageema~y aPP~Y ~ ` . : ~ ~ : , _ : ~
~'t •
r~:,~ s
u o
h s
u m i o r a
0.
Y D~' t t
h e
r
e o t s o r
e o a
i
v
e d. a t t
e
e t
h
e p~
y m e n t o
t a
l l o[ i t
se~cpeases. i a
o
l
u
d i a g oos t
e ~n
d a t
Wrneys' iees, on t he ,'..r
:~c~ 'indebtednees seourod hersby in woh m~oaer ~s it eleots. or. ~t ita option. Lhe entire amount or any put theceot so reoeivod : r!,~ ~..'i
m~y be rele~sed.
~ 1'`.E.` 1`'~ ~ TO HAVE a1VD TO HOLD Ws ~?bove `rwnted aud deeoribed preiaisea b Mortgagee, its sucoeeaors and~igns~ iorevee
Z', ~?nd Mortgag_o~ doe~ herebq hill~r w~rr~at tbe 4eb W wid laad and wiU defend t6e awe agaiu,at the l~wtul otaims ot W
: l';~v~omwever:pronded ahv~ps ~tist it Mort~gor s6all py? b~ortgagee that oert+~in prom aote ~bove desecibed aa~ill ` i, i~ 4
t in , ; :
p e
r~
~ ot6er eoveaanLs ~?nd oonditiona ot e:id promiasory note. and ot a
q
y renew~l
es.~
t~ s
t'
o
n o
r m
o d i 8 o
~ t i
o
a t
h
e
r
e o
t ~
i • : ~ d lP te+ie'a tbea tbis mor ~ . . ' . :
~
B+
E~ a
n
d W
a esta t
e h
e
t
e
by ereated shall oeaes and be aull a~ void. . e
Mortga6or twWer oovanants and ~qrees with Mostgates as follows: , . . ~ ~ ~ `l
~ ` 'f ~ ~ S i
f, t, 1. To p~,y all aima inolndu'~ intee~est seew+ed hereby whea due. i?s provided for in a~ii promiesory aote andwy reae~r 1'
i szteuaion or modi8oatioa Wee~ed ~nd in thi~ mortgage. all anoh sums to be p~yabk in lar?ful mone ot tbe 1Jnited Btates~ 1
_
t ~ ~ , ~ i t . 'Amerios ~?0 Mortg~gee's ato~eeaid priaaip~l otdoey or ~t snoh othee plaoe ~ Mortg~gee.m d . , , :
~'1 ' .I' t ~ : 2 To pay wDea due. +nd without uiring any aotioa from Mor ~ ~ ' ~.'1 ' ~ t
?
_ •oLher o~~~ levied or ass~ssed ~ ~8~Be0. +~U taxee. ~seeasmente ot wqy type or nsture and t'_.~' \
~ ' ; \ ; ~ sgainat e premises hereby eneumbee+ed and produoe reoeipts tharetor upon demand. To . ; ~ . ; : ~ : . ,
y ~ ; •
~ i~`~'~ t 4~'= this mor MY and diselwge sn olsim. liea or maumbranoe agsinat suoh p
r
e~ uiseis whiob may be or b e o om e s
uperior to j,;,:
, tgage uid to peemit ao det~?ult or deliaqnenoy on;qy other Uen. eaonmbruioe or premisea, _
~ ~ . chsr~e? ~B:?inat suoL ; , . ~
• 3. If reqnired by Mortgag~ee. b a6a uuke month~y depo~ts ~rith Mort~ ta ~ non-iatee+est bearing aoooun0. ther',~ s~? ; ~
j:, .''wiW and ia sddition b•interest and.pr~n
a'pal. ot s snmeq
ual to one-twelftfi ot c~e ye~r~ t~ces and assesemeats whio~m~,y i
: ; :
~
s , bs levied ~g~insL the Pe+~niaes, and (it so requited) one-tweUth d the yesr~rprem~'ums tor insurance thereon. The ~?mount d~-'.'
~ s a
c
h t
a:
e s. a s s~
m e
n t s a n
d premi u m
s. ~ v
h
e
n n n k
n owa. a
L s
l l b e estia?sted b Mor Suah depoeuts ahall be uaed by MorL- : e•: -
, , , t . ~ • ~ . tgagee.
, t~. gagee top~y suoh ts:ee. as~eesmeat~ ~nd premiums wheo due. Any insu o~enap of auah aoeount to pRy sueh a6arges whan -
due aluU be b Mort~r to Mor 4'. t
~ this moe M~ oa demRnd. I[, by t+ea~on of wy detault by Mortgag~or under sqj? prnviaion ot , 3, :
tgage, o~gag~ d-isLres all sums seoured hereby b be due and !e, Mor
. • asid aooow?t F~3'~ ~B~Beemay lhen +~PP~Y ~q1? funda in ' , ~ r~ ~ < i a . : .
ag~ins t W
e e
n t
i r
e in
debtednees aenured hereby. The enforoeability a[ the oovenaata relatin~+ W taxes. assesamenta
aad insurauee prem~ums berain otherwise prorided shsll not be atteoted exoept in so far as thuee obligsuona hsve been met `
oom lianoe witb thisparagraph. Mo m bY t e::
P rtga~ yr trom time b Lime ~t its op4on waive. and ~tter at~? suoh ~raiver reinstate, f~;+, ti;:`; ,
* WY oe atl provisions heneof e+equiring sueh depoeite, bp aotiee to Masrf~aga~r in writia,~. . W}We ~ay suoh ~raiver is in eSeet
~'f R' M~"
~
8~ 8~ s~
1
1 P~
Y t a
x
e s. ~
m e
n t s a a
d i
o s
u r
a
u
c e p
r
e
m i
u m s as herein e
L e~v here pron
d
e d. /
4.To m tl y .
y,,. pro, P Y W a?tl ta~ces and aa~easmenta aesessed or levied under e~nd by virtue ot ~n,y state, tederal. or munioi t':';. ,
~ . , ' law or regulstwn he~+esiter P~s~ed. against M ~ ~ • . ~ 1 ~ ~ t , : .
° ortga8+ee ppon this ~prtgage or We debt he~+eby securedt or upcm its iatenest
~ i~ under this mo~tgage. provided Lo~vevet. that ihe toW amouni ~o psid foe any suoh tazes pwswnt to th~s pstagraph together .
`1, N•~ ;~vith the interest paysble oa ssid indebtedness slu?1! not exoeed the h i
A
hest lswful rsie of intecest in F9oricla+ and provided : ~ t~;
a, • tnrtber thst in t6e event of ihe p~ssage d any such law or regulation, t
b
e entire iadebtedaesn eeonred b t6is mo .
~ . y rtgage shaU . I / , ; i . ~
~ t
h e
r
e
u p o
n b e o ome imm e dis t
s
ly due sa d pupa
b
le aL the option at Mortgagee. .
s.;~?: 5. To keep the premises insure~d a
g
s
i n
et loes or dsmage bY fleg. windstorm and anoh other hasards ~s may betequie+ed by`.' s~ i L`~;.,~
` M
a r t
g
a g
~ e B. i n f
o
r
m a a
d a
m
o
u n t e s
s
t i
s
t
a e t
o
r
y t
o. a a d in insurauoe aomp~nies t f r
' ~ , ii t f i • sPProved ~by Mor~~~, ths polioies ar wLieh . _ ; ' . ~ ' : .
~,i i n s
u r
s
n
a e s
h a
l l b e p
a
y
s
b
l
e t
o M 8 u
e
h P o
l i
o i
e s. ~
n
d ~
b
s t r a o t
a m
d o t
h
e
r t i t
l a e
v i
deaoe. s
6 a
1
1 b e d e
i iv
e re d to ~n d h
e[
d ~
j:. b
y Mor t
g
a g
e e. U p o
n foreoiosure~~~ma~ t
g
a g
e or o t
h
e
r a
o q n i a e t io
n o[ t
h e~prem~es o
r s
o
y p~
r t W
e
r
e d by Mortgagee, s a i
d t
p o
l i
o i
e s~ a
b
s t r s
e L
s ~
d t i t
l
e e
v
i
d e
n
o e s
h s
ll b e o o
m
e t~
6 e a~
b o
l u t
s P
r
o
P e r t
Y o
t M o
r t
g
a g
e e.
. ; ; :
6. To 8rst obtain the written ooaseat ot M suah eonsen~ to be ~rant~ed oc wifhh
e
W a
L t
h
e w
l
e disere
t i o
n d suoh
i f'` M
o
r t
g
a g
e e. b e[ore (s) re~moving or demo ' a~u~y~ Y
~
v'~
i l
i i n g now or h
e
re
a tter ereo t
e
d on t
6e PremLes. N) alterin8 the arriuige-
' ? t ~ ~ ~'t ~ ment~ desiga or ~truetural obaraater thec+eot, (e m~lnng ' • ~ : ~ , , ; : ~
aqY e+ep~irs whioL iavolve the removal at struowrat parts or Lhe ~~osure .
s t ot t~
l?
e ;nt~erior oi su
o
h b
u
i l
d i
n
g to tbe elements, or (
d) euoept for domeatio purposea ontting or removiag oc permi~tmg We i 3~~~ ;
~ i=~;, outting and removal d any lrees ar timber on the premises. . s 4
¢ . .~i: • r~; ~
~ i. 7. To maintaia premiaes in g~oad eondit~on and repsir, inalnding bn4 noL limited to tbe makin~ ot sueA repairs ua Mortgagee t;~!
ti, i~:;' msy imm Lime to time determine b be neoees~ry tor We preeerv~tion o[ tha premises aad to not eommit nor permit anp r?aste : i;~
~ ~ ~ = ' , ;1 ' • titee+eot. - _ . .
l: : 8 To eompl~+ ~vith all bwrs. adin~neea. reBul+tions. oovenanta, oonditions and re~triotiom alCeoting the premieee. and not:
; # . ' to sa~er or peramt any violation Wereot. . ~ , ~'r' : , ; ~
~t :.~i s` 9. U Mortgagor taila to ~}r aiqy o4im, lien or euanrabranoe whioh is superior to thnr mortga~e. or. ~v6ea dne. aqq tax o,r.
v ~
t ~ i ~ ' i~ '
) ! s.;; aas~sment ar insuranoe premiwn. or to keep We premiees in repsir. or s6all eommit or permit ~raete. or if there be oommenoed 5'_,-
j;;~,~~ a a
y a
o t
i
o
n o
r p
r
o o e e d i
n g a
ff
e o t i n
g t
h e p
r
e
m i a
e a o
r t h
e t i t
l
e W
e
t
e
t
o. i
n
o
l udin~, bu t n
o t l i m i t
e d t
o. e
m i
n e
a t d o
m i n a
n
d b a n k r up t
a
y I.,` :
or reorg~ni~Lion prooeedwgs. then Mortgagee. st its optioa, mnypay awd cTa~m, lien. enanmbrance. t~. ~meni or Prem,um. , 1-_
t . • .
4.~- wiW righ~ ot subrogstion thereunder. m~y mske sueh repaira and Wce snoh ateps as it deemn advi~sble to prevent or onle sneh ti;, •
l`, 't'. ` w~~ste, and appear in any suah aation or prooeeciing and reta~n oouasel thereiQ. and take sueb a?otion therein as Mo
r t
g
a
g e e :
,f deems advissb~
e, and for sny ot asid purpoees M o r t
g
a g
e e m~q advanee suah sums o[ mone~~ i n
e
lu
d i n
g a
U oosta, rensons
b
b s:
t;- y, expense as it deems necesssry. Mor a6all be the sole u d the I
j t. attorae a fees aad other items ot t8a~ee 7 d8e eeatitY. validitp and i~~;? j,.
`(1 ~ t'•. prioritp ot my snoh elaim. liea, eneumbr~u~ee. ta~c. asseasment ~nd Pe+em~um~ ~ad ot the amountueoesasry to be paid ia satis- ' i' i;:. ~
~ t t,. - t
e?
a t i
o
n t
h
e
r
e o t. M o
r t
g
a
g
e e a
h a
l
l n
o
t b e h
e
l
d a ~
o o o
u
n t~
b
l
e f
o
r a n
y d e
l a,
y i
n m a
k~
n
g a
n
y s
u
a
h psymen t, w l ti
e
h d e
l a~
y may res
u l t in t,, i:;~;~ ~ t:
- ~:t ~
~ ~ f ; j i . : . , - sqy addi4onal iaterest, boafs, oharges or e:peaee otherwise. . , . ~
i;;j ~ j~ I0. Mortgagor ~rill ppy W Mortgag~ee, immediatsty and without dem~d. all suma ot money advnnaed by Moetgagee purausnt r`~; i ~
' i<<toWismo ' t 1-~~ - ~
rtgage. inoluding aU eosta, re~aonsble attoruey a fees and oiher items o~ espenee. together with interest on ee~ah suoh ~
;1 ` advanoemant aL the rate at ten per cen~. (10%) Per annum~ snd ~lt snoh wms and interest Wec+eoa eha11 be seoared Lereby. r~
j`'~ 11. AIl aums oi money ~ecured hee+e
b
y shaR be payable witbont any reliei whatever lrora aoy v~luaLioa or appraisemeaL Lwc. 4~ ,
f:;`:' ,~i 12. U detaalt be made in p~yyment af aay iastallmenL d prinapel x inte~rest oi said note or w psrt the~eot w~eu due, or o- i- f j j;=
~ t~~ in p~yment, whea due. d any other sum seoured hereby, or in peiiormanee of an~r o~ M o G~s oWigationa, cov~anta or 1:' '
: agreemen t
s h
e r
e
u a
der. a l
t d t 1~
e ia
d e
b t
e d a
e s
s s
e o u r
e d h
e e+
e
b
y s
6 a 1 1 b e o ome a n d b e imm e d i ~ ue ~ w d p~ys
b
l
e si the option ~~,;L s: _
~ r~_~~~ o[ Mortgagee, without noties oc demsnd whie6 are hereby~r~sly ~vsived, in which eveat M~ort8agee ma~Y avail itself ot
sll rights sad cemedies. s~ law or in uit and Wia mortgege may 6e toreoloeed with all
i~` t•~ Lw~ o[ Flonda and Mor sLall~ i~l ti8hta and remedies asorded by t~he ; i;,• ! J~`-
ie~ P4Y eoete. ah+rges aad ezpenses tLereot. inelading a neaeonsble ~t~torney'a fee. r
r t i',. ~~e 1 3. I
t d e
i
a
u l t b e m a
ds ia p,ymen w
hen dne, d aay in
d
e
b t
e dneas ~
e o u r
e d b e
r
e
b
y~ or in p e~
formnnee o
t any d M
o
r t g a g
o
r's i,';',
~ ; ` ' ' ~ ` obligstions, covenants ot ~gtee~neaq der: pe f = ;L ;
~-'k'; Mortgag~ae ut wthorised ~t any Lime, without nofioe, in ita sole disoretiod b enter upon and take pos~ession ot s~ i:';
; 4~:1-: •:i the preTnises or any p
a r L thec+eot. to perform say sota Mor deems neoesaary or~proper W eonserve t6e ~eaunty wd to,~ f,: i
eo
ll
e o
t w
d reaeive a
l l rea t a. issues a
n
d pm
t[ t
s t h
e e o t. in
o
tu~
t
hose paai due as w e
U ss t
h a e aoon~ing t
b
e
r e a[ter. ~a
d L_;•:
?t~ = (b) Mortaagee ahsll be eatitled~ as a matter d rtriet nght and ~riehout e~
e
g
s
r
d w the vdus or oeeupaaeq ot t6e ~eawiL
t
o h
~?ve ~ r+eoeiver sppoin t
e d t
o en t
e
r upon aa
d t
a
kepo~oa o[ t 6e remises, oo
llea t t he renta a n
d ro
Atr t h
e
r+ e from sn
d
. P P aPP . r;~ •
C`; y tLe sams as the oonrt m~ay direeE. sneh noeiver to bave sll`the righta aad powe~s permitted under tLe laws o[ Florida. j'~
p~ 7,~ t In eitber snoh e~ae 1liort~ag~ee or the reoeiver may also take possession ot. aod tor these pnrposes uae. any wd alt peraona!
: ProPert~ oontained ia the premises and aaed by Mort~ag~or ia the r+ental or leasing tbeneot or any pari tbereo[. The e:pense t:_.
~ , : ? ~ = ~ • ' (iaeludu~g reoeivet's tees, eounsel fees. eoats and ag~enC s compeasstioa) inonrred pursuaat to }he powen herein eontained shall ~ ' ± ; ; ~
T~ • i . t= be ~eoured hereby. Moetga~ ahall (atter payment~d sli eoata aad inoutred) aPPty saah r~ts. issaes and en8ts t•.' .
, ~ ; : r . ` . ~P~~ P t . : . ,
~ reaeired bp it oa the indebtedneea seeund }~ereby ia suoh order ~w Mortgagee determine~. The ' t to entee and take pone~aion
i',' ,j. ~ d said propercr ~o m.w~ and operate che aame, .nd to ooUeoc the renw. issue~ wdp flt~r We~+eof. ~rhe
t h
e e b~
r a reeeiver or .
h ro :
l~ o~~, s
l
u l t ~ e eum u L t ive to o c her r
i
g
bt or rem e dy h
a r+ e under oe alfa+ded b b
w. and m~y be e
u~
e
r~
s
i~ e d eonourrently t- i~.
, i, t~
h
e r~
e w~~ e
P e n
d
e n t l~
y t
6
e
r e o t~
a t~
a
g
e s s
h a i l b e l
i
s
b
l
s t
o a
o o ouu t o
a~
y tor w~ren w. isue. s
n
d pro
a t~ ~a
t
a a
l~? reoeiv
e d \ s -
~ r, j:
~ ~e;t ~ ~ . • : ' , • ~ _ : ` . . . • ~ ,t ~ t ~
, , . ~j , y~~
~ ii? ft , , . , . : ~ Rl llA 'ti
~t f •~~r1 f' 1 ~ f 't ~ , . ' ~ . . , . ~ ' ~ . ~ ~ . . ~ * ~j ~i ' V'l l ' ~
1~ ~ s ~ } ~ . . 'i. ~ • . - : . . _ . . : i ~ (r . s . . - ~ , r.
;S ...'iE, .t•. , ._°~i •i1; y~,~ ~i.••~~t ~~~1` ..~~,~5.~'.t,i `+~'i~ ``t~ , ~ ~ ~ ~ , ,
r ~ . . ~ ~ . - . . . . ~ , , i :i .`t~, . ~ . ' ;
- ' ~ ~~~1 i .