HomeMy WebLinkAbout1396 7`UGETlii.R 1?'ITH eeU an~l ~ingutar ihr tYneinent~, lierr~litamei~ts su~t ap~urtaiiancex; thereut~tu belungiug ur ici r.n~•-
x thareunto ap~rtaininK tend 1l~e rents, i~;uen siid pr~,Nts thereuf, snd alsu al! tlie ee;tate, right, tiUe, iatere~t and all elaini
ansl dr~iiand what~~e~•er, an weli in lew az; in e~~uity, ~F ~tur~gu~~r in snd to the xame, ~neluding bu+ ~ot liinited to:
ia) Alt rentx, profita, re~-enuea, ruyaltie~, riqhts and benefits derived from (1) crupe gruw•n a?. ssid security and prcxluoe
~~C ihc~ soil otherx•i~e uit, ~ ur minrral leae3.js ~:f the preinixee; ur an~- psrt there~~f, nuw e~iating or hereatter made, with the
rigl~t 1{+ r~eive ai~d reoeipt the~for snd spplv the ~ne tu the indebtcYlne,3cs secured hereby either befure or after i?np defsult
i~dreun~irr, anct J1ort{~ee may aemand, sue ior and reuuver any ~uch paymentn hut shall nut be ret~uireci su to du, and (3) sll
uther renta, i~uee and ptu6tv ot the pretni~ from time tu time wcxruing, whether under lea,ea or tenancins nuw eaci~ting or
hereaftQr crew;ecl, r~en•ing to Diortg~o r, however, so lor?g a, ltort~ur is not in default hereuuder, the r;ght tu r~eive and
reta~u the rents, issues and profltx in oleu.~ (I) and (3) herein.
~h~ All judgmenta, awarda i~t di?mages snd aettlenyents here+atter raacie re~ultic~ from condemnatiun pruet~rding~: or the
taking of the prerni~ or nny part the~f under the power of eminent domain, ~r for any dame~;e (whetheu caused by sueh
taking or utherwi~e) to the prenii~s or the impmvements thereon ur any part theteot, or to any ri~hts appurtenant thereto,
including any awarci for chan~, ot qriuie ot streets. :~fortgagee is hereby authorized, on behelf and in the name of hiortgag~~r,
to execute and deli~-er ~•alid scquittsnc~ for, and to appeal fron?, Apy si~oh judgmenta or sw~srds. hfurtgagee mav epply dll
,uch sums or any part thereof ~o rernived, sfter the pa~ment of all uf ita expeuyes, including o~ts auid attorneys' fees, on the
indebtc~nea~ ~cured hereby in such m~?nner as it electh, or, at its option, the entire amount or auq patt thereuf so reoeived
~na~- be released.
TO HA~ B AND TO HOLD tho above grantc+d ~nd deseribeci premi~ to hiortgagee, its euma~ors and s~igns, forever,
aiul Jiortgagor di~ hereby fully warratit the title t~ said Iand, snd will defend the ~eme aga~net the luwful ala?iins of all per.~one
u•homsoever; pruvided always thst if Mortgagur shall pa?y to Tiortgagee that certain pronii~ry note aMve deacribed snd shall
perfurm all other covenants and ~nditions of said prumiseory nute, and of arny renew~al, extension or mocli8oation thereuf,
aud of this murtgnge, then this mortge~e aad ihe astata hereby creuted shall eesse and be aull and void.
:blortgsgor further covenants and a?greea with :4lortgagecj as folluws:
1. 1`u pay all aums inclndi~ng interest seoured hereby when due, as provided for in said promissory note and any renewal,
t~atension or modification there~t and in this mortgage, ali suoh eums to be paysble in lawful money ot the l'niteci Stateb of
America at Ntortgsgee's aforerzaaid principal uffice, or at such other plsce as Pdortgagee.may designate in writing.
2. 1'u pa~• w•hen due, and H•ithout requiring ar~y notice froiii Diurt{zagee, all taxes, ae3essmciits of any t~ pe ~~r naturd an~l
uthc:r chargt~ le~~ie~i ~~r asse~.,c~l against the premi~es hereby eneumbeeed ana pruciuee reeeipt~s therefur upc>n deluend, To
imniediatE~l}• ~>a~• anil di,cl~ar~e any claiui, lien or ehcumbrttnce agsiiist such premisc~ w•hich ma}• t~e ur becume su~rior to
thi; mort~age and to pertrtit iiu default ur delinquenc~• on any other lien, encunibrance ur ehar~te against sucti premi~.
:3. If required by blortgagee, to also make monthlti deposits with l~iort~ee, in a non-interest bearing account, together
W~ith and in gddition to interest end rincipal, of a aum equal to on~twelftf~ of the yt+arty taxes and assesnments which may
es
t,e levied againat the premiaes, and so required) one-twelfth of the yesrly premiurus for insurance thereon. The smount of
~uch tsxes, ~se~sments and premiums, wheu unknown, shall be estimsted b Mortg~gee. 3ueh deposits shall be used by Mort- ~
y ~ee tu pay sueh t~ces, essessments and premiums when due. Any inau~cienoy af euch aceount to pay suah chargea when
due shall be pe?id by tiSortqagor to Mortgagee on demand. If, by reason of any default by Mortgagor under any proviaion of
~ thi~ mortgage, 141ortgagee declares all sums secured hereby to be due and ~syable, 14iortgagee msy theci apply nny ;unds in
, sa~id a+ccount against the entire indebt~ednese secsured hereby . The entortseability of the oovensnts relatin~ to tax~, asaessments ;
and inaursnce premiums herein otherwise provideri shall nat be a~eoted exoept in so fsr as thoae obligahona have been met by
compliance aith this paragraph. Martge~gee may from time to time at ita option waive, and after any auch wsiver reinstate,
any or aU provisiona hereof requiring suob deposits, b}• notioe to Mort~a~gor in writing. While any such waiver is in effeot
liortgagor ahall ps~y taxes, assesaments and in~uranoe premiums as herein etse~chere provided.
4. 'I'o prouipth~ pay all taxes and tsssessments assessecl or levied under and by ~~irtue of any state, fecierai, ur municipal
;aw~ ur regulation hereaftFr passed, alqainst Mortge~ee upon this mortgage or the debt hereby sc~cureci, or u}wn its interest
under this mcsrtgaqe, prov~decl how-ever, that the total amount so paid for sny sueh tazes pursuant to this pa.rt~ri+ph together
with the intE•rest pa~•able on said indobtedness shal! not exc~d t6e higheut lawful rate uf interast in F'lurisa and }>roviilecl
fur!rer that in the event of the pa.~.sa~;e of any such law or regulstion, tbe entire indebteclness secure~i by this mortgssge shali
[hereupon hecome ~mtnecliatei~• due and payable at the aption uf :1lortgagc,e.
5. To keep the premisea inisuredsga~net loss ur damage by fire, windstorm a:id such other hazards ss may be required by
l~iortgagee, in form and amounta satisfaetory to, and in insuranae oompanies appmved bv Mortgag~ee the golicies tur whieh
insiranae shall be payable W MorLgaqee. 3aah polioies, and abstreats and other title evi~enoe, s6ali be delivered to and held
by biortgagee. LTpon foreclosure of this mortgage or other acquiaition uf the premises or sny pert thereof by Mortgaqed, said
policiea, absErscts and title evidenoe ahall beoome the abaolute property ot Mortgng~e. '
6. To first obtain the written oonsent of :4lortgag~ee such oonsent to be grauted or withheld st the sole diecretion of such
:biortgagee, b~fore (a) removing or demolishing aay butlding now or hereatter erected on the premiaes, {b) altering the ~rtange-
ment, design or structural eharaoter thereot, (c) maku~g any repairs whieh involve the remaval of structural parts or the expvsure
of the interior of such building to the elements, or (d) exoept for domeatic purposes, cutting or removing or ~rermitting the
cutting and reuioval of any tree~s or timber on tha premises.
7. To maintain premises in good condition and repsir, inoluding but not limitec3 to the making of auch repairs ss ~iortgagee
~nuy from time t~~ time determine to be necessary tor the pr~rvation of the premises and to not nommit nor permit any aaetc
thereof.
To coinpiy w~ith all laws, ordinanee~e, regulations, covenanta, conditiona and reetrictions affecting the premises, and not
to ~uHer or permit any violation thereof.
9. If hiortgagor fa.ils to pay any claim, lien or eneumbraace whieh ia ~uperior to ihis mortga,ge, or, when due, an~ caa~ ur
assessment or insurance premium, or to keep the premises in repair, or shsll commit or permit waste, or it there be commenced
any action ur proceeding a8ecting' the premisea or the title theYeto, including, but not limit~d to, eminent domain and bankruptep
or reurganizati~n proceedings, then Mortgagee, at its o~tion, may ps?y aaid claim, lien, encumbrance, taz, asaessment or premium,
w-irh right of subrogatioh thereunder, may make such repsirs and take such steps as it dcetus ad~~issble ta prevent or cure such
waste, an~l may sppear in any suoh setion or proceeding and retain caunse! therein, snd take such action therein es Mortgagee
cieems advisable, and foc any of said purposes hiortgagec may advanee sueh aums ot money, including all eosts, reasonable
attornev's fe~ and other items oP expens~ as it deema necessary. Mortgagee ahatl be the sole ~udge of the legatity, validity and
priarit~• of any such claim, lien, encumbrance, tax, assessment an~ premium, and of the amount necessary to be paid in satis-
faetion thQreaf. Mortgagee shall not ha held a~coountable for sny delay in making any such psy~ent, whieh delay rnay result in
any s~iditional inter~L, costs, charges or expense otherwise.
10. :~fortgaqor will pay to Mortgagee, immediately and without demend, all suma of monay advanced by 111ortgsgee purssant
tc~ this mortgage, including sll costs, reasonable attorney's [ee,s an3 other itema ot expense, together with interest on each such
sdvanceuient at t~he rake of ten per cent. (10`rc) per annum, and all such sums and inter~t thereon ~hall be secured hereby.
11. Alt sums of money secured hereby shall be payable without any relief a hatever trom any valuation or appraiaement law~~.
1'l. If dc~fault be m~,de in payment of sny installment of prinaipal ~r intereat of said note or anv part thereof w~en due, or
in payment, when due, af any ather eum secured hereb~~, or in pesfarn:~nee of any of MortAagar~s obligations, ooven~nts or
a~reemen±s hereunder, all of the indebtedn~s secured hereby shall become and be immediatelq due and paysble at the option
of ~iortga,er, withuut notice or demand which sre hereby ezpreasly waived, in which event Mortgagee may avail itself of
all ~ights and remeciies, at law or in eyuity, and this mortgage may be foreolased w°ith sll righta and remedies afforded by the
laws of F~'(orids and ~tortgagor shall pay all custs, charq~ snd expenses therec>f, including a ressonable attoeney's fee.
l3. If def~ult be made in payment, when due, ut auy indebtc~dn~s secured heret~y, or in pertormance of any of hiortgagor's
ubligations, covenants ar agreeme~ts hereunder:
(a) :~i~artgagee is autharized at any time, without notice, in its sole discretion tu enter upon and take poaseASion of
the premises or any pert thereof, to per[arm anv acts Mortg~agee deems necas~sry or proper to conserve the sc}curity and to
cuttc~et and reeeive all rent~, issue~s and profits thereuf, inelud?ng thc~se past due as well as iho~e aeeruing ther..•after, an<i
(b) :4fortqsgee shall be entitled, as a matter of Etrivt right and withouL regard to the value or occupancy of the securitv,
tu ha~•e a receiver appc~mtecl t.o ent.er upon and ta;~e poasession oE the premist~, Qolleot the rent,~ anti pro$t$ therefrom and app~y
the aame as the court ma,y direc±, such reoeiver to have alt the right~ and pawer~ petmitted vnder the laws of Florida.
In eit~ier such caae :1{ortgsge~e or the receiver may also take posr~ssion of, and for th~e purposes use, any and all perbonal
property contained in the premises and used by :4fortgagor in the rental or leaaing therfiof or xny part thereaf. The cjzpen~e
(inciudinR receiver's feas, counsel feev, costs and agent's compensation) incurred pursuant to the powers herein contained Shalf
be >>ec;ureci herAby. ;~iortqa~ee shall (after payment of al! c~ets and expenses incurred) apply such rents, ir;sues and proStx
re~cei~•eci by it on the indebteclnes3 seeurc~3 hereby in such ordvr a~s `iortgagee determin~. The rip,ht to enter and take pos.~ess3on
of said propc+rtv, to mansqe and operate tht+ same, and to collect the renww, issu~s and profits tnereof, whether by a rece?ver or
utherw~i~e, shalt be cumulative to anv other ri~ht or remedv he:eunder vr affordeci by law, and may be exercised concurrentlq
ih~rewith or iiidependently thereof. ~tortqa~e shall be liable to ac~count vnly for such rents, issues and profita setually reoeiyed
by I~lortgagee.
~.2~ 194
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