HomeMy WebLinkAbout1101 . ~s.•o<.-..+..~... ~ - . .
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, T0~8TNSS Rl'PH ~Il wd ~intuLr' the t~eaemeat,~, hereditamenb ~nd~p pueteaauoa thereuato belon~i~ or in aq~r- ~ .
wiae Lhereunw ~PPertau?~nS aad the reats, issues aad protlts cheraot. and also all t6e atate,, ~hR. title. interest aud oll ol~um '
; and ddm~d whatsoevee. sa we11 in 1sw us ia aq~uity. o[ Mor~or in aad co the a?ma iaolud~ne buo noc limiced a: ~
; • All reuta. Pi'usta! reveaues, roy~ltie0. nghta sad bene8ta darived from (1) oraps g~+oxn on ssid seourity ated p~roduoe
ti•' al the soi! otherw?iss (2) o~l. or minernl lewaes ol the prewises or u~y psrL th~eot. aow axu4ng or heeestter made. w~t~h the t
~ riBht to reoeive ~nd reoeipt ~iretor e?ad app~ir the ssme to the indebt~ednean aeoured hereby either betore or atter aq~ datwib ' y~
• ' heroundeq and Mortgageo m~,y demaad. sue ~~r aad reoover aqy suah p~ymeata but shaU aot be required eo to do. uad (3) all • ~
• other reats~ isuuea and pro8te ot the premiaes [mm time b time acoruiag: ~rhether under le~ or tenancies nov~ exiati~c~g or •
' Aera~tLer ee~eated. reeerving to Mor r. ho~rever~ ~o tong ~;Mortgagor u r?ot ia detwl6 hereunder, tl~s right to receive md ,
. retain the ranta. isaues ~nd prolits in o (1) aad (3) herein.
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b) Alt judgment~. a~re~rds ot damages aa
d ~ettlemeat8 herea[tet made reau[ting tcom eondemn~?tioa penaeediags or the a
. ~ tsking ot tha preanises or any psrt ther+eot uader the power ot emiaent domain. or ior apy damage (whother a?used by suob
` t. W tiag or ot het~vise) to t
he prenuaes ot t
he impmvemeuts t
hereon or ~ny p~rt thereot. or to aay righta sppurtenant Wereb, ~
E iactuding aqy award [oc ohange ol grade ot atreeta. Mor ~s hereby ~utliorir,ai. oa beLsll' nnd in tbe nuine ot Mortgago~
0 sa,y
• to exeoute and deliver vslid aoquittanoe~ for. wd to sp~rom~ suoh ~udgmeala or awania. Mortgagee m~y app~v at~
auoh ~ums or u~y parL Lhereot ao reoeired~ aiter the pe~yment ot t?ll of itae~penses. ~aoluding oosta and attorneyx' f~es. on the ~
, indabtedams seaured hereby in suoh m~aner aa i~ eleate, or. ~t ita option, the eatire ~?mounl or sqy part thereot ao received
~ ~ . : ma,Y be relee~eed. - . ~
• '1'O HAVB AND TO HOLD the above g~anted snd desoeibed premisea to Mortgagee, ite wooesdors anda~st.gns~ lw~ever. ~ ~ ~ }
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aad Iliortgagor doee hereby ful~,y wraen?uL the title to s~id laud aud w+ill defead the m?me against We l~wful olaims oi all
~rLomsoever: Provided a1M?ays t~hs! it Mortgagor slull pay to ~ortgagee thso oertain e~om P~na , c~
t' P ~Y note ~bove deseribed snd shall '
~ perform ~il otber ooveawte snd ounditions o[ aaid promis~aory note~ snd at ~qy ranewal. extensioa or modi6o~tion thereof,
' . . snd ot this mortgage. ehea t~his mortgags and ths estute hereby created.ahall oease and be null snd void. ~
~ i, Mortgagor furthee oovenaats and agrees wiW Mortgagee as follo~rs: . 't
; l. To pa~p uit suma inoludu'?g, int~enest seonred hereby w~hen due, as provided for in saidpromiswry note and ~ny rene
' e~ct~adon or mod~6cation Wereof and in Lbis mortgage. all suoh suma to be p~}?sbk in lawful money d the United $te?tes
~ s . Amerioa at Mor ' ~ ~ . ' ~ ~
t{~agee a storeaaid principd offiaa, or.st suah oWer pGwe aa Mortgagee.may deaignate in writing. ~
: ~ 2 To psy whcn due. and ~rithoutreq~u~nng ar,w notice trom Murtga~eey aU taxes, assegsments uf sny type or nature`and r' •
s other o6a~ levied or sxsessed against tpe preini~ee hereby encumbered und produoe reoeipts theretoc upoa de~tfsnii. ` To 1'.
t: immedia t
e
l
y pay and disch~rge any claim~ lien or eiioumbrance agsinst suoh pre~aiyes ~rhich may be or bevomm 'a ior to i•' ` ~
: this mort~ge and w permit no default or delinyuenoy on any other lien. enoumbranoe or ohargA against such prem~ s', t.''
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~ i'.~ ' 3. If required by Mortgegee, b atao mska monthly deposif~e vrith Mortgag~ ~n non-interest bearing a~ocouAt;~ ther ~
. with and in addition to inteeest aad prinespsl, o[ s sumeq
usl to one-twelith ot i,he year~}r t~ces snd sssesameats,,2vhicfi m4y .`,i;
f • ; b e leri e d a
g a i n s t t
he premises. an d ( i( so requ i r
e d) one- L~r e
l t t
J
i o
f t
he year
l
y pr~emiums tor iasuranoe thereon. Th~ainouaL ot
, ; suoh tatee. ~~ssments and premiums, when u n k nown. s
h s l l b e estims L
e d b~y Mortga~e~.$unli deposits ahall be used b Mort~ '
gagee to pqy such taxes. aaseasments snd pc~emiuma ~vhen due. An~ insut6aienap of aueh aooonnt to p~? suoL obar~gs~wben - t:
` ~ ~ ' ` ~ ' dne shall be paid b Mor to Mor ' . .
~ y t~agor tgagee oa d~muid. If. bq reason of aay deisult by Mortgagor nnd~ aqy pmvwdn ot
~ , this mortgege, Mortg~gee deolrres a11 sums seoured hereby to be due and psysble. Mortgagee ms then spply aqy tunds in ~
~ i' said sooount agaiaao the entire indebtedness seoured hereby. The entoroewbili?y ot the voven~u?ts ~ting to twues. asseesmenta ~ •
' • sad iasun?noe premiums herein otherwise provided sh~ll noL be a~eoted ezoept in ao fsr ae those obligstioas Lsve been met by t'•. ~
. complianoe Rith this paragrsph. Mortgagee mqy trom time to time sE its opuon waive. aad afte~r any xuo6 waiver reinatate.
. : sny or all proviffioas hereof requiring such deposits. bY notice to Mort~agor ~n wtiting. While aqy aubh wsiver ia in eSeot . •
: Mortgag~or shall pqy taaea, assessments and insuranoe premiums as herein etsewhere provided.
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4. To prompUy pa~p slt taces snd assessrneata as~sed or levied under and bp virtne ot any state. federal. or mnnioipal ~
lsw or regulation herea?iter ps.~sed~ againat Mortgagee upc?n this mortgage or tLe debt herebq seearedr or upon its interest .
~ under this mortgsge, provided however. thst the tots! amount so paid for soy such taxes purauaut to th~s pars~raph tog~ethcu - '
j~-' with the iaLerest pspable on ssid indebtedness shsll not Pxoeed tho higheect h?Rful rate ot interesi~in Flonds and provided •
e ~ •furtLer that in Lhe event ot the p~ssge ot anq suoh law or regula~ion. t4e entire indebtedness secured by t6iss mottgage shsll s~..'.
• , thereupon beoome immedistely due snd pa~ysble at the option Mortgagee.
. •
. . . 5. To lceep the premises inauredaga~ost loea or dumage by 8re~ wi
n
d sWrm and suoh otber hasard~ ~s mqy berequired~y - • .
,f.: ' ~ Mortgagee. in form and amounts astiataatory W. and in insurance oompi~niee approved by Mor~ee, tiie polieies for whieh '
. insw~snce aha116e psqsble to M Suah poliaies. and abstraaLe and other title evidenoe, s6s11 be delivered Lo i?nd heM t, ti~'.
: bp Mortgagee. Upon toreolaaure~~t
'~mortgage or other aAquisition ot the~p~m~es or any part thee+eot by Mortgagee, aaid
~ poLaee. sbetraafs wnd title evidenoe sball beoome t4e sb~olute PruPertY ot Mortgagee. '
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~ ' 6. To 8rs! obtaia the writt~ eonaent o[ Mortgag~ee. Bueh oonsenL to be gexnted or wiWheld wt t6e sole diseretion ot aneh t
Mortgi~gee. betore (a) removing or demo
l i a
h i n
g sny _building now or here~fter ereoted on the premisee. (b) altering the arraage- t~:; a' t:'~~
~ mea t~ d e s
i
g n or struotural aharsoter Wee~eot. (e) m a
k
i
n
g s
n
p re
p
a
i r
a ~vhie6 iavOlve Lhe camoval o[ sttueEural p~ ris or Lhe e
z
p o
a u r
e ~ ti- :
, ot the interior ot sueh buiiding to the dementa, or (
d) ezoept for domestio pntpoees. antting or removing or permitting tbe ~
~ .s outting aad removal ot my trees or timber on the premi~ea. - _
! l ~ ~ i.
' 7. To maint~un premises ia good oondifaon wd repair. in
dading b
nt not l i m i t
e d Lo tha making o[ anoh e~epairs as Mortgagea
. ` m~sy~[rom time to tuae determine Lo be neoessary for We presetvstiaa o[ Lhe premises snd Lo no! oommi! nor permiL any wasfs
'
r. , 8. To oomply ~rith sll 4~va, ordinanaes. t~egulstiona. oovenants. oonditions and re~Erio{ions affeotin6 the premiaes. and not; i_
~ .•t. , to sugec or permit aa~q violstion theneof. . ~ ,
9. U Mortgegor fail: to psy any oLim. lien or enanmbraaoe whioh is snperiot Lo this mortgage. or. wben dne. wny t~ or,
aa~esment or insunuoe premium, or to keep the premises in repsir. or shall eommit or peimit~ waste, or it th~a be oommenoed
sny aation or proaeeding at[eoting We premiaea or L he title Lheteto. ~nalad~n . but not limited b, eminent domain and bsnkru~toy _ : c
or reorgmizstion p then Mortgagee. st ite opiion. m ssid e~m. liea. enoumbranoe. tax aa~smeat or preminm. ` i f •
. i rogsu~it~h
~ereunder. me?y make suoh repaies ~ take such steps as it deems advissbfe toprevent or cure suah
~ ' ` with right ot sub ~ :
rvaste. and ma4y appea~r ia aqq suoh aation or prooeeding and ret~air? eounsel therein. ~ad t~lce sueh i?~ction thereia as Mort~a~~ .
. ° deems advissble. and tor anq ot said purl~osea Mortgegee m~yy advauoe sueh sums ot money. inaludiag sll costs. reasonable •
~?ttorney's feen and ot~?er items ~ ezpense aa ii deems neoessary. Mortga~ee shall be the Aole ~udg~e ot the legality. vwlidicy and - J.~ -
priority ot any suuh claim. lien. ~cumbranae, teuc.~asessment md premium. and o[ the aunouni neo~sary w be paid in satis- i:'.
facGon thereoi. Mortgagee ahall aot be held aooountabte for ~ny delay in making aay such puymmt~ wluah de4+y m~v re~nlt in ~ '
r.• • ' any addilio
n a
l interest, ooste. o
h a
r
g
e s or e:pease ot
henrise. ~ • , `
. 10. Mortgagor wiU psy b Mortg~gee, immed'utely sad witLont demand. ~Il ewna ot money advaaoed by Mortgagee pursuant
~ to this mortgnge, ~neluding all a~sta, remoasbte sttorney'a fe~ aad other etems of e:penaey togetLer with inte~rest on esah sueh ~
~ ~ • advanoement at We rate of teu per oant» (10%) P~ annum. and all sueh suma aad intereet t~ereon shall be secured hereby.
' r-~ ' 11. All sums ot money aeeured h~eby sh~ll be
pqyable r?ithont any relief whstever from any vi?lustion or sppraieemeat lawa. t`
i:,'•.' ' 12. If detsult be made in payment d aay installm~L ot prinoipsl x interest ot aaid note or aqy pert Lhereoi ~r~en dne, or , j :
, . :tt;
. . in psyment. ahen due, ot an~ other sum secured hereby. or in performanoe ot ar~? of Mottgag~r s obGgstions, oovenanta or ~
; ' a~greementa hereunder, all ot the indebtednme seoured hereby thaU beoome and be unmediately dae aad psyabk st the optioa i. .
; oi Mortg~gee. writhout notice or demand which ace hereby espreealq rraived, in ~rluoh event Mortgagee msy avai! iLself d,
z' ~ atl rig6ts and remediee. st law or in eqnity and this mortgage msy be foreclosed ~rith all righta and remedies sRorded by the -
: lsns o[ Florids and Mortgagor shall psy a{i oosta. ~harges and e~cpenses thereot, inelading s re~.wnable sttorney's tee. ,
• 13. It de[sult be made in payment, when dney d wy indeb~tedness seaured hereby. or in performanoe ot aqy d Mortg~or's ~
: ; ~ - : obligations, oovensata or agreementa herenader: - ~ ' . ~
(s) Mortgagea is aaWorized st aay time, without notiee. ia ita sole diserefion to enLee npon sed Lake poaeseion of
the or au part t6ereo(. to peeform ~a aata Mor deems or ro y ° ~
~ ; : ` ' P~~ Y Y ~8~8ee Deoassa~'7 p Pe~' to oon.arve the recunt and to _ : : i ; : ` ; ? .
. oo
ll
e o i an d receive a 1
1 r
e n t
s, iaaues a a
d pro
8 t
s t
h
e
r
e o
t. ino
lu diog t
hose pas t due aa w e
ll as t
hoss aooruing t
h
e
r
e ~
tter. an
d .
(b) Mortgagee shall be entitled. as s. mstter of atrict ri6ht and without regsrd to the v~lue or oooupuncy ot the secarit "
y . . ,
to luve a reoeiver sppointed to eater upon and Wcepo~s~ on ot the premises. oolleat We renta utd pro8ts theretrom a,od sPPIY. I~ ~
r?'; the same us the oouri m~sy direot, suoh reeeiver to hsve all the rights and poweis permitted under the lw~vs ot F'brids. . •
In eithee sue6 o~se Mottgagee or the reoeiver msy sieo takep~s~ on o[, ~?nd for these PurPoses uee. aaY and all personal ' i.. ~
; ` 1' Pmper t~ oontained ia the premiees snd used by Mort$agor ia the renW or leaaing the~eof or sny part thereot. TLe n:pense
~ (in
~
l
uiiog reoeiver's fees. eounael fees. oosta aa
d agent s oompenastion) inaurred pursumt ~o jhe powers herein oontaened ahall
be aeau r
e d hereby. Mo~tgagee a h
a l l (
a ftar pwyment ot all oosts aad ~ ineurred) sPPly suc6 renta, iasuee and pro6ts
f~ • : reoeived by it on the indebtedaesa seeurad herebq in suoh ocdor as ~riortgagee determines. The right to enter and take pasreesion ' .
. of ~aid pmpec~y. Lo man~ge and open?te the asme. aad to oolleot the rents. isst~as u~d pm8ts thered whether by a reeeiver oe
l` otbenvise. s1,n11 be cnmulstive w yother right or remedq hereand~ or s~orded b~? law. and msy be exeroised ooncurrent~y .
aepenaencly wereor':°D~tort~gagoe.l~su na lisbls Lo acoo,wt o„~y eoe ~uoh renv. iasues e~ed pm8ts ~?otwl(y~ reoeaved. : . ~
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F~ . > ~ . . ~ ~ ' ~ ' R~ ` ~ ~ -ji;~~ 4 , n ~ S
. ~T' ~ ~ : • r . I' . . ~ , ' ; 8~~1( i'~IGE~•..c~ '~GEc~U~ ,
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