HomeMy WebLinkAbout1883 - ~ • . , • ~
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T06{8"1'HEi ~/ITa ~11 and sin~u4r ths teneanenta beroditameata and~p pu~teaunoe~ therounto belongiog or in ~?ny.
wi~e LhereuaW ~PP~ia?ioia~ and the eeat+, iasue~ aad pe~t~ thereot. ~nd ~lao ~ll Lhe estate. rieh tiUa interest ~nd all oLim
' aad dem~nd wtu?t~osver. ~e rrell in law a~ ia equity, o[ Mo~tg~or ia ~ad b tbe ewre. inoludiag~ut aoL timited W:
(s) All e~ents. pro8te~ reveauati, roy~?lties. r~hta and beneAta derived trom (1) orops grown oa eaid seourity ~?nd produos ~ : r
r~ ot the soil otherrri~e oil.gas oe minan?! leaees ot the premises or wy part thereot no~r exuting or herestter made. ~rith tbe :
tight to e~eoeive i?nd reoeipt t4~ebtor and i?pp~ir the sa~ae W the iadebtsdnees ~eourec~ hereby either batoro or dter u?y detault
hereundee. aad Mortg~ges m~y deaund, sue ~~r and raoover ~ny suoh psymeats bu0 ahall not 6e requi~ad so to do. wd,(3) aU
• o Wer renf~. issues w
d pro
9ta o
t t,
he premises tmm tims to time ~?ooraingt ~r he t her un dee leases or t
enaaoiee now exis t i n g o
e ; 1
f bere~afSee oe+euted. reeerviu~ t~o Mort~a~oe. however, so loag as Mortgagor n not in dataul~ hereunder. the right to e~eoeive and . '
.l ret~in We rents. isaues ~nd p
r
o8t~ in olauses (1) ~?ad (3) he~eia. ~
(b) AU judgmente. awards ot damages an d settlemenW hereftter made rasultit~g hom ooademn~lion proceedin~s or t
he ~
' takiag ot the premises or any part thereof under tho power o
t eminent don,aia. or for aqy damage 4iv he t hee ca u s
e d by su n
b
~ tuking or otherMise) W the premises or t,he impmvement,s thereoa or ~ay pari thereot. or to ~ny ri~ bts appurtenant thereto.
~ inotuding ac~y wward for oh~age ot grade ot atreets. Mortgeg is hereby authonsed. on bahslt aad ~n the nsme at Mortgagor
t g ay
' to exeoute and delivee valid woquittanoes for. wd to sppe~l terom. wy suoh judg~neats or aMarda. Mortg~gee m sPP~,Y ~
suoh suma oe any psrt tbec~eot so reoeived. utter the psyment ot uU of itse~cpenees. inotudiag oosts ~?nd stwrneya' [~es. on tha • ~
indebtedaees seuured hereby in suoh msnner ss iL eleats. or~ at its option. the entire wmount or aay psrC thereot eo received ~ ~
j mRyr be oelessed. r~
• TO HAVB AND TO BOLD the ~bove gnu?ted and deeoribed premises b Mortgag~e. its suooessors and forever, ~
: snd Mottgagoc does hereby f~y ~?uru~t the tit,le b said Isnd and ~vill detend the ssme againr~ the Iswtul claim~ persons t'~~
ti•~ whomsoever: Pro~1ded alwsys tbi?t it Mortg~go~ shall psy W I~ortgagee th~t oertain promissory note ~bove desoribed and shsll . ~
j; pertota~ all other oovenanta and ooaditions ot ssid promis9ory note, aad o[ sqy renewi?1. extension o~ modi6oe~tion theroof. , i ~?~i !
. and ot thie mortgage. Wen this mortgage and the eatste 6ereby oreated she?11 oesse and be null sad void. 1 !
~ • ' ~ ~ ~ t ~ Mortgagor furWer oovenanta ~nd ~8rees with Martgagee se follows: . . : ' ~ i ,
E~• 1. T
o p
a,
y a
p s
u m
s i nc
ludu'~g iateresL eeoured hereb
y whea due. ae provided for in eaid promisso
ry aote andaay rmeMal,
euteneion or mod~8oation thereot and in thie mortgage. all such auma to be paysble in lawtul money ot the United States o[ s~. ~
~••Amerios ~t Mortgagoe'e doreeaid prinapal o~oe. or st suoh otLer plsoe ~?e Morlgagee.mqy degigaate in wrri4ng. j 3
i~ ; .
' t,~~~~ 2. To p~y when due. and w~ithout requiring sny nutice trom Mortgagee. alt t,aaes. sssessmeafez ot anY Lype or nature snd i
~ ~3 ~ ot6er o6sr~e l~vied or e.~essed against the premises hereby eaaumber+ed snd produoe reoeipta theretor upon demsnd. To rt Y
r immedistely pay and disahe~rge ~ny elaim. lien or eacumbrance ag~inaL xuoh premises whioh msy be or beoome superior W:%'~;.'
i s m o r a n d W m i t n o d e
t
s
u l t o
r d e
l i n u e n o u
n ~ n o t h e
r U e
n; e
n o umb r
a
n c
e or oh a r~
m a
g ainst suoh premises. •
t
h t
g a~
e P~ 9 Y Y ~
' t''~' r.' 3. If requin~d by Mortgagee. to atso make moathly deposita writh Mor t g
a g
e e in ~ oon•interest beorine aoooun~ t
o g
ether . . ti
with ~uud ia addition b int,erest sn
d rinci p a
l, o[ s sum eq _
w
l b one-~w e
1[ t
fi o
t t~?e year l
y t
a
xes aa
d assessmen t
a ~v}
uo h ma,y
eres p
s be levied againat the premises, ~nd (if so requ~red) on~cweuih ot ~he ye.rly premiums for iasunu?ce thereon. The smount of ~ • ~
~ suah taxea. a4sessmente snd premiuma. wheu unkno~vn. she?Il b e eaLims t
e d b Mortg~gee 8uo h deposits s h a l l b e u s
e d by MorF .
~ gagee b psy suah tsxes. sssesameats and premium9 w~hea due. My iasu~cienay -of suoh aoa~un6 to pay suoh ohatges when i~;• ;
~ due shull be psid by Mort~sgor to Mortgagee on demand. 1[. by reason ot say detsult by biortgagor uader aay pmvision of #
this mortg~ge„ Mortgagee dealares sll suma seoured hereby to be due aad p~ysble, Mortgagee msy then appty any funds in • ~
y• said aooount agaiast Lhe eatire iudebtedneas seoured here
by. T he e n torc~es
b i l ily o
t t
he oovensnte re
l alin~ to taxes. assesements ~
' • and iasure~noe premiuma herein oWen?iae pmvided shall noE be aBeoted exoept ia ao far es thoee obligations hsve been met by ~
V'~ oompWu?ae with Lh~sparagra
ph. Mortgage~ msy [rom 4me Lo time st its op4on wiuve. and atler sny such waiver reinate?ts. t`.-. ~
aay or wll pmvisions here~~f requiriog suah depaeits. by nutiae to Mort~agor w writaa6. _ While any suah waiver ia in eHeot
Mortgagor sLall pe~y taues. asseesmenta and 'wsursnoe premiuws as hereui elaewhere pmvided. t. ~
~ f~ 4. To promptly psy all taxes and asse~ments assea.~ed or leviod under snd by virtue of any atste, federsl. or municipal - 3
r Isw or regufation hereafter pe?.4sed. agsinst Mortgagee upun this mortgage or t6e debt hereby socured. or upon iRx interest ~
~t-,` ~ under this mortgage. provided LoMevet. tha~t t6e total amouat so pe?id for t~ny such taues pursusnt to this psragn?ph together =
. furtber that
ntti
~event of the~pa~e of t?ny~suo6 lsw o regula~tiunh~e entira debtedneas secured by tb
a o
dtgap~?e
s~6s11
' r:~.•` thereupon beoome immediately due and psysble at the opdun of Mortgagee. ~
t`. • . ~ i
°;t ;j:~•.~' , b. To keep the premises ins~redaga~net loea or dsmage by Sre. windatorm snd suah oWer h~ards as may berequired by
, Mortgagee. in form and smounta sstis[aatory to. and in iasurenoe oompsnies approved b~ Mortgagee. the poLcies for which
~ r: insuranoe shall be psysble to Mor . 8uuh polic~es. snd abstraats snd other ~itle evi ~noe. shall be delivered W snd held .
~ by Mortgagee. Upon toreolosure o
t~'~ mortgage or ot her aoquisiNon o
f t
he premises or aqy p
~ r t thereo[ by Mo
r t g
a g e e. said
poLaes. abetraots and utle evidenae ahall beoome We s6solute prop~ty ot Mortgagee. ~ .
~ i.` 6. To SrsC obtsin the written oonsmC ot Mort~ag~ee auoh oonsent to be graated or wiLhheld st the sole disoretion of such i.•
I~: a f Mortgagee. betore (s) removing or demoliahing any bailding now or here~tter ereated on the premises. (b) alteriag We arrange- • .
ment~ design or struutunl aharaoter thereof, (o) m~ anY cePs?re whieh involve the removat ot struotural psrts or the ezpoaure '
; ot the interior o[ suoh building to the elements. or exoept for domeatio purpoaes, outting or removing or permdeing the : -
~ cuttiag and removal o[ any lrees or Limber on the premises.
7. To maintain premises in good oondition aad repair. includiag but not limited t~o the making of auoL repairs ss Mortgagee j= .
maq trom time to t~me determine to be neoesssrq for the preserv sti
o n o
f L
6 e p r
e
m i~ e s a
n
d t
o n
o t o o m m i t n
or p e
r
m it aa
y waeLe' • .
~'~f;" ' , thereot. ,
8. To oompl~r with sil lswa. ordinauces, reg~lations. oovenanta, eonditions and restriotions s~eoting L},e premi~ee. and noL~ .
~ i ~ to su8er or per~ut sny violstion Wereoi.
9. It Mortgagor [ai'ls to {~sy sny olaim. lien or enoumbranee which ia superior to tLia mortgage, or, whea due. any tas ar
~ t~sement or insuranoe premium. or to keep the premises in repair. or shatl oommit or Fermit wasle. or it Were be oommenaed . .
E~;'•:3 ' wy action or prooeeding aRecting the premises or the title theteto. iuclud' . bnt aot lim~ted to. eminent domain and bankruptcy
ise
1 or reorganizstion proceedings. then Mortgagee. at its option. msypsy said~m, lien, eaaumbrsnce. tu. assessment or premium.
c' wiLh right of aubrogation thereunder. msy malce such repsi~x and take such ateps as it deems adviasble toprevent or cure such :
ia • . ;
~j •,~aste. end maq sppenr in sny suuh aaGon or proceeding snd retaia counsel therein. end Wce suah e?ation th~rein av Mortgagee .
' deems advissble. and for any of said purpoeas Mortgagee msy advaace such sums ot moae~. including sll oosts. rea~sonable
ti ~1 : : •L : : . .
, ~tWrney's fees and other items ot expenae as rt deems neoesgury. b
iortga~ee a
h s
ll b e t
he so
le ~u d g e o
t t
he l e
g
a
l i ty. v
a
l i d i L
y a
n
d '
a
priority ot any suah alsim. 4en. eacumbranae, tax, e~msnt aad premium. and of the utnount neoeesary W be paid in satis- t:~.:-
' ~ facstion thereof. Mortgagee shall not be 6eld sooountable for sny del~y in making any such paymenR. which delsy may reeult in :
r `y a
ny a
dditional intere~ t, oosts. cliarges or aupenee oLherv? ise. ; .
~f~' 10. Mortgag~or will pa~y to Mortgagee, immediately and w?6hou~ demsnd, s1I sums of maney sdvanoed by Mortgagee purawnt' ' 1',
i.; f`~' to t,his mortgage. maluding all oosts. reasonsble sttorney's tees and other iteme ot eupense. together with interest on eaoh suah ~ -
't sdvanoement at t,he rste of ten per aen~. (10%) P~ ~num, sad ail suah sums sad interest thereon sh~l be ~ecured berebY•
i, ; _1:.: . ,
j~,.. 11. All sums ot money seaured hereby aLall be payablo writhout anq reliet ~rhatever from any valuseion or spprsisemeat Isw+E
~ . -
; .
~ : 12. I[ defaulC be msde in psym~ent of sny installment of principul or interesC of said note or aay psrt ther~eot w~en due. or •
` in psymeat. when due. ot any other sum Becured hereby. or ?n performanee of au~? ot Mortg~gor's obtigstions. covenanta or ~ ~
~ ~ agreements hereunder. sll o( the indebtedness xecured hereby shaU beoome sad be unmedistely due and psysble at the option
~ ~ti ;'s ' o[ Mortgagee. ~rithout noLioe or demand vvhich ere hereby ~pressly waived. in vrhioh evenC Mortgagee muy avail itselt of i`, `
` i•. all rights snd remedies. st Isw o~ in equity and thia mortgage msy be fotealosed with all righta und remedies afforded by the ~
,
~ i:;; le?we ot Flondw and Mortgagor shsli psy s{l oosts, chargeez and expenses thereof. inotuding s ressonsble attorney's fee. , ~ t~.
;•r:::;,: '
13. If detsult be msde in paymen when due. of sny indebtedness aeaured hereby. or in performeaoe ot any ot Mortgago
r's ;
` ~ , obligstiona, oovensnts or agreementa~under: .
~e ' (s) Mortgagee is suthorir~ed ~t any time, withuut notice, in ite sole diroretion Lo enter upon wnd Lake poaserdon ot ~
' 3`• W~ premiw~ or any p~t th~rsot. W paefor~n any aots Mortg~gee deem~ naoeaary oe proper to oonserve the aeouriLy and to f~:;:•
l~J . oolleot snd c~eceive sU reuta. issues and pmflta thereof. inoluding tLose psat due as ~rell as tho~e socruing thereaiter. and ~
° (b) Morigagee ahall be entitted, ae s mnttet o[ striot right and without regard to the value or ovcupancy ot the seourit~r, ti. :
~ to hsve a reoeiver sppointed to ente~ upoa end take ion o[ the premises, oollecst t6e rents snd pro6ts thecefrom and appry :
_ . tbe same as the oourt msy du+ecsst, suc
h recseiver to sve s
l l the rights and powera permitted under the Inws o[ F`lorids. •
u+e
' In either auoh aase Mortgsgee or the receiver msq slao take possession ot. md for these pur~w~m use, sny and sll personsl
a pm
p e
rt
y coatained in the premuses and used b
p Mortgagor in the r~tal or lesaing thereot or sny psrt thereof. The e:pease ~ '
~ ~ r". •(ineluding reoeiver's fees, oounsel tees, ooeta m d agenL's oompenxstiun) inaurred pursuant to the powers herein oontained shall : _
be eeaured hereby. Mortgagee ahall (dter payment of sll oosts and expenses ~nourreci) spply euoh rents. issues and pro8te ~
~ ; reoeived by it on Lhe indebtednesy seunred hereby in suah urder sa Mortgagee determines. The ng6t to enter and lake possession ~
~ A r. o( said property~ to manage and operate the same, and Lo colleat Lhe rents, issues snd proHts thereot. whether by s receiver or ~ '
~ otherwise. shsll be csumulative to sny ~other righ6 or remedy hereunder or sQorded by law. snd msy be exercised ooncurrently ~ E'
€ there~vith or independentty thereof. Mortgagee ahall be Liable W acaount only [or suah rents. issues end profita wWally reoeived '
~ ~ by Mori;agee. . - : ~
~ . ~r• . . : . . . ~
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e'
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~}:,~~'!-~~~~~~~'['1'1~7`T't3 L_~mtt~Yi'"tTL'1'i_• .
_~"T~"~•l31'i7"~'r-:~ i • • . : : ' ' _ ~T"z i t ~ ~ a - i ~ ~ ti r..- ~ ry~. - . ~ .°i r . . . .i!