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~ TO~iET~ wITH all aad ae~ular t6~ t~nim~na~ ~~e~edit~anentr ~nd J ~ tl~~rsunb bslopsi~ or in ~ny- , .
~ ti' wri~s tbee+eunb ~ppeetiasi~ar ~ud Ws renb. i~sw+ and Pe~o!!h theeeot. and aho a~t+nt., ri~bt, trcis, intarese .nd ~il eWm
u
ahd dim~ed wh~ta~o~wr. w w~ll in law ~ is qdit~r. t~ Mory~c+r~os ia ~?r~d W t~s rsa~e. ineludu~ but not 4mit~ed w:
(a) All ra?ta, peo~t~ rrwnoe~. eoy'alties. r~htt ind bea~flt~ derived hom (1) aeoP~ ~rown oa awd ~aoutit~ ~nd produeo ' .
s' . d th~ wil otLer~i~s (Z) at. oe mineral le~+~e~ d Lhe peemi~ or w p~ri Wereaf. now e~xist~ or here~iter made. with Lhs i;
. ti~ht :o reoeive ~nd reeaipi ~or ~d arpp th~e r~ane ta t,hs indebtedna~ ~soured hereby eithar betars or ~ttee aqy? delwlt • '
~r hs
2' ' h~etiuader. iad Mart~t~w my? deenand. ~ne (.r,~nd reoover Mqy suoh p~ymena but shall no~ 6e required w eo da aad t3) wll ~`'i
~ . otlyee reata, i~ue~ and pto~t~ d ~hs prmi~ t
r
om tims to time aooruir~. wr he t
h e
r un der le~ue~ or t~
n
n
a noier now ezia t
i n~ o
r ;
r~.'~~ bera~lUee ere~ted.~serv~n~ ta M . howsvet~ ~o'[or~ w Mortgagor i~ not in defwlt hereandae, t6e r~i~ht W r~soeive and .
reiain the renis. i~ue~ and Profltr
ia~ (1 and (3) heeein.
(b) A11 ,jud~aaeah. wa~ ot tiamaiar ~ settlemenb heee~fter made resulting fmm eoademaawoa pcoosedin~s or the 1~
i ~ i~ n* o f t
h
e p~
r
e
a
n i s e r o r a
q
y p~
r t t
J~
e
e
i e o
t undet t1Fe p wwer ot eminent domain. or for a
n
y daw ~ g~
s ~iv6ether eruaed b
y suoh ;
i ~ : t~id or otherwise) tio Lhe prsmues or the unprovemeaGa thereon or ~ny pa~rt thereot, or to anY ~PPurtenaaL b
hereto. '
- inda~ ~y ~w~ed tor ehan~e of ~e~de a[ streeta. Mo~tga~ee is h~eby suthorised. oa beh~lf aad in c.tie name. o[ Mart$a~or
. to exscuts and dalivsr v:lid ooquitt~noe~ tor, aad ta appe~?t from. any suah judgments or sw*wrda. Mortga~ee ~ apply alt
s . : i~.~~ 1 ~
: r. snd? sums or ~y p~rC thereot w reaei
v
e d. a
tter t
he payment o[ a
l l a
t ite expens~ee. ~n a lu dine o o i' t~ a$ d ~ t c
orneys ee~, on t h e
: i' indebiednchs ~eoured he~eby in ruoh m~aner a~ it eleots. or. at ita option~ the entire amount or aqy parL thec~eot ~o reoeivod.
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;~,.y : t• TO HAYE AND TO HOLD the ~bove snrnted und de~ee~ibed premieee tn Mortgagee, ita suoeea~a~rs ~nd~w~na~ forever. ;
. and Mort~a~o~ doe~ ~eby fulty warr~nt the title to suid lsnd, and ~vill detend the aau?e a~g~inst the lswful o1~imY ol all perwos ~
ti~.>>'.,• ' whOm~OeYlC; W'ovided al~r~ tbst it Mortg~or sball MY ta Mortgagee that oertain pmmiseory note ~bovs desoribed and siuil! .
psrtorm~, all othet eov~en~ats ~nd ooaditioar ot wd promiaaory note~ and of wy renewal, extenaion or modiSostion Lhereol.
, i;.~~,: sod ot thia mort~a~e. thea this mortg~e ~nd the est~te hereby erested shall oeaee and be nuU wad void. , i ~
Morira~or turt6er eovenanL a~t?d Ngre~s r?ith Mortgrgee aw tollowe: ~
and
Y. To p~y rll sunnr inolu in~ere~L seoured hereby w~hea due. Ra provided for in aaid pmmiswry nota and any tenewul, •
;
'~teneioa or modi~tioa th~ and in ehis mort~~e, all suoh sums to be p~yable in lswtul money o[ the United St+?tes o[ ~
„ ,
'''.Ameria? ~t Mort~a,~ee'a dot+ew?id P~~P+1 otHoe~ or at euoh oWer p4oe sa Mortgagee.m~?y demgnate in writ.ing.
. ,
St. To p~y whoa due, wnd ~rithoutre quiring sny notioe fmm Mortgagee. all taxes, asaeasmeata ot sny type or r~sture ~nd • ~
~ other e~~ levied or aseeoaed agsinat Lhe p~remieea hereby enaumbered and produoe reoeipta theretor upon demand. To `
x~: immed~s'
t,e[y p?y i?nd dieoharge any cle~im, liea or encumbrance against suoh premisee whioh msy be or benome superior to . -
this mortga~e ~?ad to permit no defsult or delinqueuay on any other lien. enaumbrsnee ar oharrm sgNinet ~uah premisee. .
s ~ > ,
. 3. It required by Mort~ee, to ~lso make monthly deposita with Mor~, ia ~ aon-intere~t bs~rina aooonnt~t~og~ether
ti . ~ with and i,n rddiaoa io incare.~ and priaoipslt oC sum equd to on~tw~elitfi ot the yewr~y twzes and ~sesamentr ~vhioh m~y •
be levied a~aio~t tbe preaiises~ ~nd (it so requsred) oae-t.ueltth of che ye~r~*premiums tor ineunaoe thereon. The e~mount ot '
°~ueh taxes. awersmeat+ snd preminms. w+hen nnlwawn. shwl! be eatim~ted by Mortgagee. Suah deposie~ shall be naed by Mort-
noq
~ee to p~y suoh tuew wessmentr and preu?iuma when due. Aqy insu~a~n ot ~uah aooount to p~y suoh ahaeges ~rhen ; .
i:•, d n e ahall be p~id by M~~~,~or to Mortg~ee on demand. It, by res~n at ~ay defwlL bq Morigator under any provis~oa of '
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6 i i m
o
r~ a~
e. M o
r t deo
l a r~ e r all sums ~eaured hereb
y ta be due a,ndpsy
~?ble. Mo
r
t~
a~
e e may Lhen aPP~y' s+?Y funds in :
raid rooount anin~t the enLir~e indebt~ednea~ eeoured hereby. The eaforoesbility.of the ooveannts r+el~tan~ to taxes, ~seessmente ~
i,,~ ~nd inrwxnoeprem~ums harein other~rise provided sh~ll not be aQeoted e:oept m ao f~r as those obligstcow hsve been met by .
4,. oomplianoe with t,hi~p~ra~rap
h. Mo~ m~y from Lime to time st iU option ~?sive. ~nd ~tter ~?ny auoh waiver reinstate, .
, , any pr all provis?ozu hereoi reqnie~in~ tue deposite, by noteoe to Mort~agor in writint. While any ~uoh ~raiver ia in effeot
Mort~,~gor xhall p~y taxes. wessment~ and insw~snoe premiuxns as herein elaewhere pmvided.
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_ • 4. Topromptly pay ~Il tuxes wd assessments sasessed or levied under snd by virtue of sny eCste, fedenl, or munioipsl' ,
.`~]aw or re~t~lation here~fter paeeed, against Mortgagee upon this mortgnge or the debt hereby eeouredt or upon its intec~eet
, under tbis mortgage, pa~ovided horvaver t
h at the to t s
l amount ao psi d for any sua
h taxes pursusn t t o t
t
u
a paragrsp h t c~ g
e t her . ~
, vrxth the intereat paysble on w~d ix?de~tedness ehsll not exceed the h~'ghest Iswtui rat~e, of interest in Florida snd prov~ded
furtLer that in the event o[ the paeeage ot sny euah law or regulstiun, the eatire indebtednas eeoured by thia mortgage shall .
_ Lhereupon bec~ome immedi~?tely due snd psysble st Lhe option ot Mortgagee.
. ~ 5. To keeP P~?ites inw~red~ga~nst lo~s ar d~urn+Be bY 8re~ windntorm aad snah other Lsrarde a~ muy bereqnired~y '
- Mortgagee. in torm ~nd amounta swtiafwtary W. and in insursnoe eompsnier approved by M~ . the polioiee far whic~
' ~ be
? r`•, ~ ' insuranoe shsll be psy~ble to M 8uoh polieiea, nnd ~betraata e~nd oLher titie evidenea. hall be deliveced to aad held .
I!: b Mortga~ee. Upon foreeloeure~~mort~t~e or ather eicquisition of the preIInise~ or sny part therrwt by Mortge~gee, e+?id .
l~ - poliae., ~bstr~aLs ~ud title evidenoe sh~ll beoome the absolute property o[ Mort~agee. ~ , -
.f~~ j~ 6. To ~rst obtwin the writtea ooneent o! M~t~a~ee suo~ ooneent W be ~r~ntecl or ~ritt?held ~?t the wle disaretion d' suah
l; r' Ddort~ee, betore (s) eemoving or demoliehing w~uilding now or hareaiter ereoted oa the premisee, (b) siteeing the an'aage- :
' ment, dee~gn or struaturst abaraoter thereof, (c) m~ suY reP*ire whiah invoive the removsl ot struotural parta or the ezposure
~ ` j: , ; ~ ` ~ P~'P~. ~ ~ P~ L?n8 .
~ oi the interior oi suoh building to the elemenw or exoeFt for domestia outti or remo or t' t.he '
onttin~ nnd removai d any treee or tdmber on t~e premises. . .
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i f!~`~ 7. To maintain premiees in Bood oondition and repair, iaolnding but not limited to Lhe makin~ of suoh repairs ae Mortgagee .
may from time to time determine to be neoessary tor the preeervstion oi the premisee and to not oommit nor pernut any~ waste .
.1 ; . ~ ; thervof.
8. To oompt~ with at1 lsws. ordinaaaes. regulationa, oovenante, oonditioas and restriotaons sffectine the premi~ee. and not ~
t ~ , • to ~u~er or perrxut ~qy vioL?tion thereot. - ; ; ' .
9. It Martga~or fsiL Lo ~sy aaY eLim. lien or enoumbranee whinh i~ ~uperior to this mortgage, or, when due, any taa~ or .
ti
L~; aaseeement or inauranoe promium, or to keep the premises in repair. ar ahall oommit or permit waete. or it there ba oommeneed .
suy aotaon or prooeedin~ affeotutig the premises or 6he title theteto, i.aolud' . bnt not limited W, eminent domain and b~nkru~toy
~~rgaoiutioa grooeeduigs~then Mortgxgoe. st its option, may pay ee?id~, lien, enaumbranoe, tat~ aeaeeamen6 or premium, - •
with right ot subtagstion th under. mwy make euah repaus snd take suah eteps ae it deems e?dvisable to prevent or oure such
;~ti waete. and may ~gpear in any auoh action or prooeedinS at?d retsin oouneel theurein, aad tate aucli ~tstion therein aa Mo~~g~e ,
1 ~ a~ ,a~ie, ~od tar ~?aiy ot r~d purposes Mortgsgee msy sdvance suoh suxas at mona~, inaluding all ooets, reasonsble `
q}~~'`.~ aLtorney's feee and other itemr ot a:pense aa it deem3 ne~y. Mortg~;ee shall be the sole ~udge of the legality, validity snd
priority at ~ny suoh ele~im, lien, enoumbranoe, tax, ssseasment snd premium, snd ~t the amount neoe~sary to be pa~d in astis- i~ •
fsotion thereof. Mortg~ee shall not be held sooounta?ble for snq delsy in maicing ~?ny snoh pa?yment, whiah delsy msy reeult in .
! • ' , say additional interest, oo~ts, ahargee or exPe~~e otherwise. ~ . .
10. Mort~~g^or ~vill pa?y to Mortg~ee, im.medistely ~?d wiLhout demand, ~ll sume ot moneq sdvaaoed by Mortgagee pursuant .
to thia raortgag~e. u?oluding all aoste. re~sonsble attorney's feee snd other iLems oi ezpenee, tAgether wit~? interest on eaah suuh
` t`• ~ , sdvaaoement ~?t the rste nf ten per oent. ( 1 0%) Per annum, an d s
ll euo h s
w m e a
a
d intereet thereon ehall be seoured he~eb
q. ~
`t~ ' 11. All sume of money seaured heraby shaU be psy~ble without sny relie~ whatever frnm ?ny vslwt6ion or sppraisement bw~a.
~ r,' 12. It delsult be mada in payment of any uutallment oi prinoipsll or intereRt o[ uaid note or sn~ put thereot w~en due, oe .
, in p~*meut. whedn due, of other sum seow~ed hereby, or in per[ormu?oe of at?~? ot Mortgag~or a obl~tions, oovensnts or ' .
4 ~greementa heceunder, all o[~ indebtedaess seaured heraby shsll beoome and be immediately due and paysble at the option ~
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t M o
rtgagee, writhoat notioe or damsnd whioh are hereby espe+eealy wsived, in ~vhioh event Mortg~gee msy ~?vail itaelf ot
~ r 1~;~• all righte s~d cemediee, ~t ls~v or in equity and thia mortga~e ma?y be foreolaeed with all righta and remedies ssorded by the
lsws of Flprids snd Mortgagor shsil psy a{I aast8, ehsrBes and expenae~s thereoi. iacludisyg e? reasonsble atwrney's fee.
' 13. Ii ddsult be me?de in psymeat, whsn dne, of t?ny indebtedne~ eeaured he~reby, or in pertorm~oe ot ~?ny ot Mortgagor'. I`•'
~ ~ ~ ~ obli~?taon., eovenantr or s~reements h~eundet: . . .
(s) Mortsa`ee is w6horised a! any Eims, w~ithout notioe, ia ib sole d i~ o
r
etion to entet upan un
d t a
i ce poorersioa a i
~ f r::.` the prem~ses or anypart thereol, to pertorm eu?y aats Mortg~gee deems neoc+~?ry or proper to eonearve the seountp snd to.
: oolleat sad reoeive ~tl renta, ia~uee nnd pcoflts theraot~ mclud~ng those pest due ~s ~rell aa th~oue aoaruing thereRfter, ~nd :
;;;e
(b) Mortgagee shsU be entit~ad, r~s s m~tter oi etrict r~ght ~ad ~vithoutrege~d to the value or oooupa~ay af the aeourit . t
W have ~ reoniver MPointad ta e~ter upon and t~akep~se~s~on of the premisee, e o i l
e ot the renta iu?d proflts theretrom and wPP~
tlis n?ms Ns the aourt m~ay direot, sueh e~ea~eiver to hnve all tb~e rights and po+~rerap~rm itted under the la~ee oi Florids. ~
r . In eit,her suob a~se Mort~a~ee or the reoeiver msy also t~]ce P~~oa a?nd for these purpose~ uae, ~ay aad all perronal . •
oonta~ined in t,ha prem~ees ~nd ueed by Mo m the renW~l or le~sing thereof or auy part ther~eat. The ezpense
(P~?~no1Pu
td
n~ reeeive~'s tees. eounsel fees. ootta sad agentr~rmpeasstion) incureed pursusnt to the powere hezein oontained ebs?U '
. : be ~eaured hereb~'• Mortg~ee~sh~i! (~itsr psyment ot all oootr and expenses incue~red) appiy suoh roata, iseues wnd pro8ts
~ a: ~ • reeeived bq ii on the indabtedn ~eaured hereby in auoh order a~ Mortg~oe determines. The right to enter aud fake poeeee+uoa
. of aid proMct W rn~na~e a~ opeeatie the s*me, ~nd to aolleet the rentr. waes ~ndproSts thereot, whether by ~ reoeiver or
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;f , o~l~rwisa. ~~be aumulwtive to aay ~other right or romedy hereunder or ssorded b lavr~ and muy be ~ereised oonourrently -
~with or indepeade~ttly Ehereol. Mort~s~ee a6a11 be liable to aoeount o n
l
y tar suo~ront~, ie~ue~ aad proSta ~owalty reoaived , ~
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