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, . ' . . • ~ ~ i ~ ~ , • ~.`l 1 . 1 ~ • ~ . • , ' • ~ ~ • t ~ 1. ~ ~ ~ . . ' . ~ - \
. ; : '1'O~i1~TH AITH ap i?nd ' 't6e tenemen e~a~. heredic~aeata ind a~
ppwt~enanca iLerounW bdoa~in~ oe iu~an7- •
; , ~ ~w
f.' '.wi~s thereuab ~PPe~t~?inin~ sad t1w reat~„ iaua ~nd penAt~ ther~eot, aod a!w aU tl~s atwta ~'yth~titl0. iaterat aad all o4i~n~'
aad de~nand wh~teoever. M well in 4w ~ ia equity. ot Mort~or in ~nd Lo the wn0. iaoludu~ ut not limited W: ,,`';1~
' • ~ All rents. ProAt~. rsveaues. ~oYalties. nthtr ~nd beneAts derived trom (1) ocoW ero~rn on ~aid .eaurity ~nd produos . , .
of the wil other~rias (9) oil. o~ miasn?1 le~ses ot We
premises or ~?qy part thet~eot Ao~r szialint or here~tt,er anad0. ~ith the
~y re
~ right to reoeive wd reoeipt ~iro[or aad ~pp the ~aone w ths iadebtednew ieoured hersby either betors or dter aqy det~ult :
~ . heroundee. snd Mo~tgagee may dem~?d, sue f~r aad reoovx ~qy suoh p~ymeats but sh~U aot De required w to do, and (3) ull t~
~ o t
her eeats~ iseues an
d p
r
o
d t s o
t t
he premise~ Im
m t i t
a s t
o t
i m e ~
o o
r u i n Qt ~ r h e t h e
r u a d e r l
e~ e
e s o
r t
e
n w
o i
e s n o ~ r e z i s t i n
g o r .
' beredtee oi+e~ted, rererv~ag to Mort~go , however, ~o long aa Mort~agor u not ia detault hereunder. the ri~Lt to reoeive ~nd
'
; , ~ ' ~ t ; , t rstaia the reata. iasues sad proQta ia
o-
lwse~ (1) ~ad (3) herein. . ' ' ° .
(b) All judgmeats. ~w~rds ot d~m~ges sad rettlen~ente hore~ttee made resulting twm oondama~tion prooeedings or ths • r~
•ti t~kin~ o[ tLe premises or u~r par0 thereof under the power ot eminea~ domain. or tor any dun~ge ~whethee os~esed by suah t:~,
, :
• j• t
a
l va~ o
r o W
e
r w i s
e) t
o t h e p r
e o n i
s
e e o
r t
h e i m p~
o v
e w e
nts i hereon oe aa
y p
ut lhereot. or W a a
y ri~ ts a
p
purteawt WereW.
1? i~. . iaolu d iag a~y ~~rard toe oh~nge o[ g
n
de o f ~treets. Mortgag~ee is hereby wtl~orised. oA behait aad in tde name ot MoH
g a g or i, ~
( . ~ , : to eteoute ~nd deliver valid woqaittanoes tor. aad to apPenl trom,at~y suoh judgmeata or ~rvacd~. Mor~B+ees ~~1? +?PP~3? ~ . : ~ : ' ? ; : `
suc6 sum~ or ~ny part thereot so reoeived. dter the payment ot ~110[ itae~cpens~. iaoludiag ooete i?nd ~?t~oraeys' ~ee. on ths ~ 1!,.. ~ ;
~t indebtedness ~eoured heroby in woh m~nnee ~s i! oleots. or. ~t ib optioa~ the entirs amounL or any par0 the~~eot w received ,•,t
~ ~ ~ , mRy be rele~eed. . + L ,
1' TO HAVB AND TO 80LD the ~bove ~ranted and des~.+ribed premises to Mortgagee. ib suooeesore aada~ns,~ forever,
j: . .
and Mortga~gor does hereby fuUy warr~t the title b aaid lsad and will detend the same agains~ the la~rful claims o[ W pereous ~
' ce
i(~ whomsoevee; provided always t6at i[ Mortgagor ahaU pRy to D~ortgagee that certsin promiasory note above desoribed aad ahsll
'~ti , Pertorm all other ooveoants and aooditions at eaid promiseory aote. ~nd o[ t~ny reaew~l. ezteosion or modifloatioa thee~eat.
~5 ~ : 1 i r and at L6is mortg~ge, Wen this mortgage aad We e~t~te hersby oceated sball oearse and be nuq aad void. r t
Mottg~gor twther eoveoants an
d agreee wi W Mortgagee aa to
U
owi: •
: 1. To pwy nll aums inalu dw'g iaLetest e
e e
u r
e d here
by w hen due, ae provi
d
e d to~ ia s a i
i mmis.ory no t
e w
daoy renew a
l • ' _
e: t
e
n a
i
o n o
r m
o d i B
o
s
L i
o
a W e
r
e o[ a
n
d i a t
h i s m o
r t
g
a g
e. a
l l s
u o
h a
u m s t
o b e p~
y
a
b
l e i n l s
w~
u l m
o
n
e
y o
t t
h
e U n
i t
a d $ b t
e s o
f ;
; t:;,. Amerioa at Mortg~gee's aioresaid prinoip~l olBce. or at suoh other plaoe as Mortgagee.m,y? designate in w?ritiog. 1, :
s~ 2. To psy whca due. end ~rithoutr~
Luitiag aay aotioe imm Mortgagee, sL taxes. aese~ments ot wqy type or nuture and
~ , ~ t , ' ~ W y produoa reoeipts there[or upoa demand. To : ' ~ : - ~ '
4 ; t;~~ , otLer a levied or ~ssee-sed ~gsinst e,premises Lereb enoumbered snd , .
, imu~edistely p~y and disohuge any olsim. Len or eaoumbrance agsinst auoh premiaes whioh may be or beoome aupe~ior to 2.• .~t
~ s~,, , s~~ Wia mortgage and to permit no d~~ult or delinquenoy ua u?y other lisa, eacumbranoe or cLar~ against suoh premisee. r.
. 1; tr: .
l, . 3. It required by Mortgagee, W also moke monthly deposita with M t~agee~ w non-interest besring aooount,t~ ther r: '
1 t•t : • 1' • ,c ,
: wi t
h an d in a
d di wo n t
o i
n t
e
r
e
s t a
n
d~ pr i n
c i p
a
l. o
t ~ s~eq
n~ a
l b o
a
e- t
w
~ r~
I
i o f t b e y e ~
r~
r t
a:
e s n
n
d a
s s
e~
m e n t
a w h i'
a fi .
.~,1': t be levied againat t6e p~niaes. and (if so reqnired) one-~weUlh uf the yearlyprem iums for insuranoe thereon. The amoua~~ i', ~ ~
Y
su
o
h t
ues. ssse~smea t
s an d premiums. Mr hea n n
k a o
~ r n. s
h a l l b e e e ti m
o t
e d b M o
rtg~ 3
u o
h d e
p o s
i t a s
h a
l
l b e u s
e d b
y M o
c t- .
, _•gagee to pay suoh taue0. assessmenta and premiama wrhun due. Any inau~aieaop o[ suoh aooouat W p,y suah oharges ~rhen
; s:+:; dne shall be paid by Mort~or to Mortgagee on demand. It, by reason ot wy det~ult by Mortgagor under any provision ot t,~
't' this mortg~e. Mortgagee deolares ~11 sums seoured hereby to be due nnd payable. Mortgagee ma~y then apF~j? wy funds in
L`~ t~ 1` eaid aooounL ~gsinst the entire indebtedness oeoured hereby. The entoroeab~li~y o[ the ooven~aN rel~tin~ to ta~es. assessmeat~ ,
! 1: aad inauraaoe premiums herein otherwise provided shsll not be aReoted eueept w so t~ as those obligstions hsve b e e a me! by ~
oomplianoe with t
L i span~grsp
h. Mort~ea~ee auy !rom 4me t
o t ime ~
t i t s op t ion ~nuve. an
d a t t
e
r say auc h ~raiver reins t s t
e. , .
~~!~~~ny or all pmviaioas h
e
t e o
t requiring such deposits. by notioe to Mort~agor in writu~. While wy auc6 wsiver ia in effeo6 .
4L~t Mortgagor sbsll P~Y tdcee. ~ments and 'waw~anoe premiums as hecein elsewhere pmnded.
~s r~ r:~~: 4. To p
r
o m p d
y p
s
y a l
l t w
x
e e a a d a a s~ m e
n L
s a a
s
e~
s
e d o
r l e v i
e d u n d e
r a n
d b
y v i r t
u e o
t a n
y s W t
e. [
e d e r
s
l, o
r m u n i
o i p
s
l < i;:
r,:,;! c;'( l~w or regulstion heresfter paesed. sgainst Mortgagee upon t6ia mortgage or t6e debt 6erebp seoured~ or upoa ifs infsrest y:
; c under this mortgage. provided 6owever. tLst t6e total smouat so paid [or any suuh tszee pursusnt to th~s paragrsph together - .
~viW Lhe.interest psysble on s~id indebtedaes-s shsll nuL exocod the~
heet lswful rste ot iaterest in Florids and provided
y~~~. :'f furt6er thst in t6e event of the p~?sssage of any suoh Isw or regu4tion. tTie entire iadobtedne~ seoured by thia mortgage shall
: thereupon beoome uumediately due and piyable at the option ot Mortgagee. -
1~• ` 5. To keep We premines iasuredag~a~ne~ bee or dam~!ee bY ~e. windstorm ~ad auoh other haaarda is m~y be required by~,
~,':'.',t'~~;~~~, Mortgagee, in torm and amounts sstid~aLory W. and in ~urauoe oompaaies approved ~by Mortgagee. Lhe polieies (or whioh i'c .1 .
• ina~usnoe shall be pa,y~ble to Mor Suah po4aies. aad wbst~aots wd oehee title evideaee. shall be delivered to and held
f}' ` by Mortgagee. Upon foreolasure t is ~moreg~ge or other sequieition d th
e p
r
e
m i~ e r or any part thet+eot by Mortgagee. said
t' lioies. abetnota aad title e
v i
denoe a
h a
ll b e o ome ~
he a
b s
o
lu t
e proper
Ly o
t Mor t
g~
g
e e. .
/;~p° h • , . ?
; ; • ; ' `1 ; : `
:'.t'~ .~ti 6. To 8rat obtain the wrritten oonaen6 ot Mor~g~g~e suoh oonsent to be gr~wted or wiWheld at We sule diserelion ot suah `~:;i '.1'
. Mortg~gee. betore (a) removing oe demolishing ~uilding now~ or hereattee ereatsd on the premises. (b~ dtering the arrang~ ~
~ I,' i• c t' ment, design or siruoiural ahanotsr t6ec+eot. (e) ~ any rePwiis ~vhiah involve L6e removal ot struetnral part~ or !he eapoaure y
S f•~ o t t
h e i
a t
e
r
i
o
r o
t s
u
u
h b
u i l
d i n
g t
o t
6 e e
l
e
m e
n t
s o
r O~oe
p C for domes 4o p
u r
p o s
e s, a u t t i n~ o r r
e m o
v
i n
g o
r p e
r
m i t
L i n
g t
h
e : ;
i
1'' ;l, l•' {i autting and removal ot any trees or timber on t~e premiaes. . ~
,,i 1. 7. To maintain premises in good eondition aad repsir. indudiug bn0 noL limited to the malcing ot euah repaire ae Mortgagee. .
~t : j~:.` ; i auy fmm time w time determine b b e neoessny tor t
6e p
r e s e
r v
a t
i
o
n o
t t
h
e p
r
e
m i s
e s a n
d t
o n
o t o o
m m i~ n
o
r p e
r
mit a
n
y waste
J : r ~ 5:
f: r r r; t
h e
r
e o[. ' t
tio oovenant~ oonditioni and restrio~ons d[eot~ing the psemiaes. and not
~ S~ i~ 8 To oomply with all laws. ordinaaaes. tegul+? n0. . }
` • • : ~ t~o su~er or permrt any violstion Lhereot. ' ` ` ' ~ ' (
_ su
t! ` i`, r-+;~ 9. It Mortgagor fa7s to pay aqy o
l a
i m. l i
e
n or eaaum
b
r
a nae vr l
u
c
6 ~s a
n
p e
r
i
o
r W t
h i s m
o
r t~~ g
e. o
r. w
h e
n d n e. a
n
y t
a
z o
r,
aseessment or ins~uanoe premium. or to keep the premisus in reP~ir. or sLi?11 eommit or permit waste. ot if Lhere be oommenoed
t•:' any aation or prooeeding aReeting the premises or the title theteW. inolu
d i
w[, b
uL not limited to. eminent domain ~nd bankruptoy .'ti ~ f•': '
or reorganiz+tion p thea Mortgagee. wt ita option. m~Ypay said a
T
a i m. lien. enaumbrance, ta=. aeseeament or premmm. .
f''• i:' with right of subrogsta~nder. m~Y make such reP+~ and, take suoh ~Ueps ~s iL deems advisuble Wprevent or onre suoh
aT f:',:~•:` in anq auch ae4on or prooeedinB aad reta~n oouaeel therein. ~nd take sua6 aefion th~rein as Mo , a~`..;
, 1- waste. aad maY sPP~ °
t~ d e e m s advisubl
e. and tor ~n
y ot said purposes Mortg~gee may advanoe suah ~ums ol mone~. iacluding sll oosta. reseow? le i.~~
~ attarney's feee and other items ot ~pense as it deems neoesssty.. Mor t
g
a~
e e a
h a
l
l b e t
Le s
o
b ~ u d a
e o~ t
h e l
e g
a
l
i t
y. v
a
li d i t
y a
n
d i:', s,
~~~t ~~~s ; priority ot say such olaim. lien. eacumbranua. Lax. a~sessment aad premiam~ and ot the~
~ n~e~o w dela~,y my? result
n,' 1
~ faatioa We~+eot. Mortgagee ahs11 not be held woountable tor ~ay dela~y in making any hiah
; ~ . 1 ! t
. . f ~ • ~ ' "
6 I ; : ~ ! ' ~ ' aIIj/ ~t~1LORiI IIILeleBfy OOifB. O~IiT6'86 Ot ~ZP~D89 OW6[w1eB. . t • `
1 t:. 10. Mortgagor v?ill p~,y to Mortgagee, immed'utely ~nd ~ri Wout demaad, all sum~ ot money advanced by Mortgagee pnrswnt
•~'i ~ Lo this mortg~ge. inoludu~g all oosle. re~son~ble sLtorneY's [ees and other items ot ~Pen~e. toSether with mterest on eaoh suoh" i:':
;_f•:+;•
i: It ; r;?~ r~ advanoement s~ the n?te oi ten per oen~ (10%) P~ annum. iu?d all suah sam+ and iaterest thereon shall be seaured hereby.
f:, 11. All sums ot money eeoured hereby ah~ll be payable wilLout any relie[ wh~tever [mm ~ny vduation or sppr~isement lt?wa. - i! i .
' i,; , t~.~.;•-.: ,
~ 12. It detwit be mude in payment ot sny installmeot ot principsl or intsrest ol said note or any part thereot ~r~ea due, or . .
~ in paqment. ~rhen due. ot aqy oLher sam secured hereby. or in Pe*[ormanoe af an~r ot Mortgsgor's_ obligations. oovensnts or
~ f:" f~ ~greemen t
a hereun
d e
r. a
ll a f t
h
e i n
d e
b t
e d n
e e s seawed hereb
y sLall beoome ~nd be immedi~tely due ind payable st We option
o[ M o
r t
g
a
g
e e. w i t
h
o
u t notioe oc demand which are hereby ezpressly waived. in whioh event Mortgagee msy ~va~l itself ot
t~; ~ti E,': all rights aad remedies. at law or in equity. and Wis mortgage msy be foreolosed with all rights and remedies ~orded by We ; r -
: 1:~. ` lswe ot Florids ~nd Mortgagor s6all pay sll eosfa. chs~es aud ezPmses Wereo[. including s reasonsble attorney'e fee.
is'•~~.,1? - : %
en -
~ i~~;~` j' 13. It de[wlt be made in payment, ~vhen due, o[ sny indebt~edne~ eeoured hereby~ or in performanoe d sny ot Mortgagor's t.
. ; '
~ ~ ' , , : t i ' obligstions, oovenants or aqreemeate berennder: . • .
; ; ; ' ; (s) Mortgagee is authorised ~t any time, wiihout nouoe, in its sole di~4on to eater npon and Wce po~e~on ot ' ~ : : . ' ~ '
the premises or aqy ~art thee+eot. to perfarm ~uy ~ots Mort~agee deem~ neoewar~ or proper w o~nserve the ~eaunty ~nd to j ,
' eollwt ~nd reoeivs au reata, iaue~ and prosh thereot. inoludins sha~s p~st due ~s well ~s tbwe aooruing thee+e~ft~ and
n
~ i" (b) Mortgagee s6aU be entided. ~a a m~tter ot striot righL ~nd witiwut to the value or ooeupanaq ot the seourity,
~~•;;r...• ~j~p ly':I••`.;...;:.
E., . to have s reoeiver sPPoiuted w eneer upon and take posseseioa ot tbe premises. oo t the renta aad pro8ts theretrom and app
•t ti~; ths ssme as ehe oourt may du~eet, sueb noeiver to hsve aU the rights aad powers permitted under the Is~rs o[ Florida.
In either auch oase Mortgagee or the reoeiver may also take P~on ot. and for Wese Parposes use, any snd all peraonal s'. -
l''t `'~t1~:: : j`• •
; ~ r: P
i'
o
P~ t~ o o
n t a i ned in t6e Premises aud used bp Mor t
f
a g ~
o
r in the rmtal or le~sinB thereof or anq Part thereot. The exPenae
6 ,;.;;;~;'(melud~ng reoeiver's feeo. oounsel fees, oosts wnd sgenC s oompenaation) inaurred P~uawat to }he powers herein oontained sLall
~ 1.••. be ~eaured hereby. Mortgsgee shall (a[ter P~Yment o[ all oosts snd e:peoses incurred) aPPly suah rent,s. issues and pro8ts
E'. ~ e~eoeived by it on t6e indebtedneas seaured hereby in suoh order as Mortgagee determinee. The nght to enter md Lake posseesioa 1.~~:'
~ o[ said property, w msnag~e and operste the ssme. snd to ooUeet the rente, issues wdpro6ts ihereof. whether by s rece~ver or ~i , t~ .
- ' othenvise. shall be aumulative to aay ~other right or remedy hereunder or ssorded b 4?w. snd msy be ezeroised oonourrently
~ Werewi W or iedependently Wereot. Mortgagee shall be lisble to avoount onty for w~e+ents. iasues aud pm9ts wtusUy reoeived
` ' ` • by ~tasg.~«• ~ i
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~ f'rr~~~~~~?t]~•:•cf(~~.~~it~s l:,~iii~,i~':.i rs+ +f !!~*~l~'iil '_i L~4tiii.ti~~(~i~••L~(tilt:.~aii •f~~~ -1.~t-l~
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