HomeMy WebLinkAbout1715 TOCili'~'1RS ~iIT¦ atl wd aingulwr the tanemen4, baredi'a?ment~ and • purtsa~aoeo there~udb beloaging or in
ereu
~rise th.ereunta N,ppertaining attd the renW, i~sues and pra8ti tberent, ond ~?!ao al bhe estwte. ri~ht, ti6k, iaterest aqd aU W~'an
aad demand wiutaoever. Ne well in law ~e in ec~uity, ot Mort~~or in nnd to the eame, iaeluduo~ but pat limiteci to;
(w) AU rentr. ProAts, reveauea, royalcies, r~l:ts ~nd beae8ts derived irom (Z) orops Rrown oa aaid ~ourity ~?ad praluee
ot the eoi! otAer~ri~e (2) oil,g~e or minecal kwex ot the prsmieee or ~u~y piu~t thereof, norv exiatin~ or here~tLar made, rvith tbe
right to reoeive and reoeipt Lhee+atar xnd apply tha awrae t,o 6he ind~btedners ~eoured hereby eitber before or ~ft~ aqy det~ult
hereunder, and Mortgatee m~y demand, sne tar and reoover any suoh p~yman4 but shall not be requited ro to do. and (3) nl!
uther eenta, iasuea ~nd pro8te ot the premiaee t~atn time to time aocruit~, whether under le~ees or Len~naiea aow a~tiating or
here~fter o~6ed, to Mar r, lwwever, so long ae Moctg~or ir nut in d~ault hereunder, Lhe ri~ht to reoeive ~nd
retain the rests. iaaaes ~n pro8t8 in c (1) aad (3) herein.
(b) All judgiaentu~ ~warda ot d~unage~ and eettbmet?ta hereaf'ter msde resultiu~ trvm eandemnatioa proeee~~nge +o? the
taking ot the premisee or r?qv psrt taereot under the power ot eminent domain, or Cor ~ay damag~e (whether esuned b euet?
U?king or otherwise) to the ptemises or the improve+menta thereon or uny part Lherei~, or to ~qy ri~hta appurteqsnt ~tv,
inoluding wny sarard for ehwtt~e oi grade ot atreet~. MorEg is hereby autborised, oa b~+ttwlf and m the wme a[ Marig~gor,
to ex~cute and deliver vslid wquittanoer tor, a?nd w sp~rom, sny snoh judglnenta or aw rrde. Mort~?gee may app~ o,ll
euah suma or any part thereuf ao reoeived, atter Lhe payment at s!1 oi ite e~eee i~tcletding ooete aad sttorreeys' f~ee, rxi the
indebtedn~ss ~eoured her@by in auoh mar?nor sa it eleots, ur, at ite option, the entire amoanf or any part tLereot eo reoeived
ma~v be releaeed. •
; TO HAVS AND TO HOLD t~be wbove granted snd deeoribed premi~ee to Mart~e, ite euooe~ors ~ndss~gns, fore~•e~.,
rnd Mortgag~r does hereby fully ~varrant the ~itld to said lsnd, and ~ritl detend the sut?e agsinat the lswtul diims ot wll ons
; a homsoever; provitied wt~rsys #h~?t tt Mortg~gor shall pay to Mortgagee that oettain promieeory note ~bove ddeer'rbed and~ehsq
j perform al! other ooveaa~ets and oonditions ot said promiseorv note, and oi tbuy renewal, extension or modi~ostiun ther.~ot,
~ snd oi tlua mortga~e, then thi~ mortgage snd the eetsUa hereby ore~ted ~6a~ll eeaee and be null snd vaid.
:~furtgagor turLhee~ oovetuuits and agreee ~vith Mortgagee as foUows:
1. To pay at! aums incsludi iat~e~edt eeaured hereby when dne, as provided for in eraaid romiseory nute and any renewal,
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F extensiun or m~idi$eution th and iu this mortg~ge, all suoh suma Lo be pay~?~1e ia law~[ul money ot the Uaitsd $tatea of
~ America st Mortgagee's afores~?id principal o~ae, or st anoh oWer plaoe taa Mortgsgee.me~y deeignate in writing.
2. To pay whon due, and without reyairing any notece frnat Mortgagee, al! taxers, asse~mc~ntu of sny type ~r nAture and
uthcr cha~es levied nr a~sed again5t tLe pre~ni~ec; hAreby encumbered aad produoe receipts t4erefor upun deaiand. To
a an
1ll1h1HC1l8Y.PI~• pay~ and di~charge any o[aim, lien or e:~cumbnnce againsc ~uah premeaes wbic6 may be oC be.ome supc~riur t.~
this murt.~age and t~ permit nu def,~ult or detinquericy on uny other tien, enauwbrsuoe or oha.r~ce againet sueh preunisa~.
i 3. If required by Mortgeegee, to sleo malce monthly depo~ite with Mortgrgee in ~ non-inteteet be~ring seoount.tog~Lher
' with and in addibion to intereet wnd prineipal, of a sum eqwl to one-Lwelftb of the yewrty quces s?nd ~esaments wh~'oh may
~ be levied ~gaiast the premisee, and (ef so required) one-tweltth of t,he ye~r~pr~m iums tor insurarioe thereon. The aa~aount uf
~ such taxes, assessments snd premiume, when unknoWn, ahsll be estiinated by Mortg~g~ 8nba dep~oeita shxll be uat~d by Mor~
gagee W pay auah tayces, ae~esamenta i?nd premiuma ~vhen due. My iasuIDaieney o[ Suah soauunt in pay suoh oharges when
~ due shall be paid by Mor r to Morfgagee on demand. If, by reasan ot atty det~?ult by MartQagor wbder an
y provuion ot
this mortgag~e, Mortgagee wlaree ell snms seoured hereby to be due und ~sysbte, Morqgseee msy then appty any fnads in
aaid aooount ag~aingt the entire indebtedneee seoured hereby. The entoroeability d the oover?ant8 r+eia4iw~ to taxes, a~s~meIIts,
E snd inaursnee premiuma herein otherwise provided shall not be atfeoted exvept in Ro far ae those obtigatione 4?ove baen met by
~ complianoe ~rith this paragrsph. Mo~ m~y !'rom time to Eime st its option w,ive, and stter any euch isuver reinstate,
any or ull proviaiona herc~ot requiring suo depoait~, by notioe to Mort~~gor ia w*riting. While i?uy suoh w~iver ia in e~eot
Mnrtgagor ahail p~q ta~es, assessments and 'uaaureaoe premiums ae hee~ein eteewhere pm~ndebd.
t 4. To proraptt~• pay all tsxes and assetsamentx as.ressec! or tev;ed uuder and by virtue of sny btste, fecleral, or munieipal
ia~r or regulation herc~after pas.ged, against 1~4ortgsqee upon thix mortga~e or the debt hereby serured or upon its intesre~t
~ under thi~ mortqaRe, pro~ided hou•ever, that the total amount so paici for any sueh tuxes pursurtnt to thi~ psrsgraph tc~~rther
H~ith tt~e interest payable an said indebtedr~;s shall r?nt exec~ed the highest lawful rate of intsre.~t in F'londa and prc>vided
further that in the event of the pai;sa~e of any sueh law ur regulatiun, the entire indebteclness sveurecl b,y this mortgage shall
thereupon becon~e ima?ediatel,v due anci gat•able at Lhe, optiun of Mvrtgsgee.
5. To keep the pramises inewred ~at los~ w damege by flre, windstornz and snoh other ha?aRrds ss ma~ be requinad by
Mortgagee, in form and amounte s~ti aotory to, and in insuranoe oomparsies appraved by Mor , t,he poticiee lor ~rhiah
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insuranoe shsU be psyabie W Mortgagee .$uuh poleoiee, sad sbstraota snd othee title evidenoe, be delivered t,o ued heid
~ by Mortgagee. Upon forecloaure of thia mortgage or otlter soquisiLion ai theprem iaee or any part thercwi by Mortgsgee, asid
pohcies, sbstrasts and title evidenoe ahsll beoome the sbeotute property of Mottgage~,.
~ 6. To 6rst obtain the written oonsent of Mortgague, euah oonsent co be graated or withheld aL the sale disa~retion ot sueh
; Mortgsgee, before {s) romoving or demolishing any building now or heresfter ereoted on the prennises, (b) att,~xing the ~rrnnge-
~ ment, design or struotural charaater thereaf, {o) making any repwirs whioh invotva the removal of skruotursl parta or Lhe erpoeure
uf the interior ot suoh bui~ding to the elementt+, or {d) ezoept for dopceetic purpoees, tuttipg or removing or peamitLin~ the
cutting and removad ot ~ny trees or Limber on the prerniees.
7. To maint~a?in premises in good ooadition end repair, invluding but not limited to the ma~ing oi suoh repsira ss Martgagee
may from time to Gime determine to be neoes~ry for the preserv~tion of the prem~ee and to ttot oommiE nor permit any ~vaste
theret~f.
8. To cwmply with al1 laws, ordinanoee, regulntiona, oovensata, a,nditions wd restriations a~evting the premises, nnd not
to suffer or permit any viotation theteof.
9. If Mortga,g~or faila to pay any claim, lien or ensumhranca which ia anperior to thia mort~sge, or, when due, eny tau or
sasessmant or ~nsursnoe preuuum, or to keep the premiHes in rep:.ir, or ahwll oommit or p~armit w aste, or if there be oomaneu~oed
sny actiun or prooeeding aite~ting the premise~s or the title theheto, inelud' but not limited to, eminent domain snd ban3QU~tay
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or rf?or~,?aniai?tion pro~oeedings, then Mortgagee, :t its option, maq y said~ffi, tien, enoumbranee, tsx, ageeesment or premium,
with right oY subrogstion theteunder, may make euoY, repuirs uz take sueh eteps as iG deoxc~s actvissble topr~vent vr oure such
waste, and msy appe~ar in any sueh action or prooeeding snd retsin aaun~eI therein, and t~?ke suah setion tberein aa Mar~
daems advisable, and for any of ~aid purpoaee Mortg~gee, msy advs~ace snch suma o[ mvnsy, inatuding 4ii oosts, reaeonable
attorney's fe~ snd other items of expetise as it deema neoesasry. Mortga~ee sha~i be the ao~ jnd~e of the legaliby, validity and
prionty of any suoh alsim, lien, enoumbrsnoe, tsx, as~eeamenc sud prem~um, and ot ths smount neo~ry to be paid in a~?tie-
tactiun thereof. Moetgagee shstt not be held sooount~able for sny delay in au?iting any such p{qxaent, ~vhiah delay may result in
sn,v additiana?i intete~t, oosts, ahapges or expet~e otherwine.
l0_ Mortgsgor wiA p~y to Mortgagee, irnmediately snd without demwd, ~11 eume of money ~dvanoed by Mortga,gee pursuss~t
to this murtgage, mcludu~g all oosts, reasonable sttomey's feea and other itema of eapenee, ta~ether with interee~t vn eseh auah
advaaoement at Lh8 rate at ten per oent. p0%) per annum, and all sueh snms auct inLereet ~hcreon ahall be seaursd hereby.
I 1. All sams of money ~ecured hereby ehall be p~ysble wiLhont snq reliet whaLever from aqy valustion or appre~i~e[uen+; lswe.
12. It detault ~e made in psyment of sny inatallment of prineipal or interest of ssid nate or a?a~ put thsreof rr~en due, or
in payment, when due, of anq oth~ sum ~ecured h~reby, or in per[ormanee d r~nry uf Mortg~g~r s obligaLiotza, eoveuiate or
agreemente hereunder, ~ll of the indebLedaees eeauted hereby shwll beeome and be uumedi~?t~ety due ~nd puyable at the option
of :~iortgagee, without notioe or demrr?d which are hereby expt~oarly ~raived, in whiet? eveat Mortga~+ee mny svaii it$elf of
ail ri~hts and remedies, t?t la9v or in equity, and thas rnartgage may be foreeZased with atl righta sad remedies ~?fforded by 6he
laws ot Fiorida snd Martgsgar shall pay a~tl ooeta, eharges snd axpense~ thoreat, inelucling a teeiaonsbie aitec>rney's fee.
13. If detault be ms~de in psyment, when due, of any indebtedneas seaured here~y, or in performanae oi any ot Mortgagor's
obligations, covenants or agreemants hereunder:
(s) Mort,gsgee ia sutharited st wy ~ime, withont no~ioe, in its sole disoretivn to enter npon wnd ti]ce poeeeesion d
the premises or ~ny part thereoi, ta pertorm any aete Mort~e d~eems neee~ry a~ prnpec ta oonaene Eha eseurtLy aad to
cotlect asd reoeive ail renls, iaauee sud pro9ta th~rea[, innlu thoee ~ast dne ae weD ~s t4ose Rearuiag thereafter, and
(b) Martgag~ee ahall be ~titied, aa s uu?tter oe atrinti right a~ w~thoat re~ard to the vatue or ooe~pa~aey at f~e seourity ,
oei po p~e~
to hsve s r~eoeiver sppointed W enEet u n snd ta~ke ot t~e ptemiaea, oollect the ren~ and pro8ts thereho~ and apply
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the ~ne aa the oourt m du^ect, such rec~eiiver to v6~
e vl~the rsghts ,and poMrepa permitteci under the Lws d P`lorida.
!n either suoh ewse ortg~ree or Rhe reoeiver may ~?teo Eake paete~ian d, aad for thees AurZwres ~e, sny aad y~il peesonai
u ec
property oan4,~ined in the premises awd uPeci b Mort~agor in the re~tal or l~e~n~ ther~ea[ or aoy par! thereot. The e~enee
(inaluding reoeiver'e fees, oowuel teea, oosts aa ag~ent s oompena~tioa) inaarred put~suaat to yhe powau h~ia o~t~ine~ sha2i
~ aeoared hereby. Mortgagw,,a shall {etter psyment af all oo~te aud axpensee wevrred) spplY suc~ rente, iesues eu?d pm8ts
reoeived by it on the indebi~edneee eeoured h~eby in euch order as Mortgy~ee determirres. The L6 to e~ster and t~ai~e po~riae
of c~aaid ProPertv. to man~ge oad opec~a~te the ssme, ~und to o~iteat tLe r~tu, iesnee aad pt+n&ts i~here~,t, wheLh~r b1 ~ r~eeeivrr o~
othenviee, 9IlYI1 bB CUIqll~HE1Y8 LA 8[Iy ~other right or remedy herevnder or a~orded by Isw, and ~wy be ex~ed ~ovnearr~ntfiq
Lherewith or independeatly thereaf. MortQa~ee eha,ll be lisble to i~voonnL omly iar eaoh r~ta, i~e~ues a~nd peo8te ~oinal~? reosived
by Mortgytee.
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