HomeMy WebLinkAbout2353 TO(~iR'!'eEi ~iIT9 uil wd sia~ttl~t the tenanrreul~- kereditaments' Adcl~purten~noee thereunto bdo~in~ ar in ~ay.
w~iws thereunto ~pperta?iuing and the rente, ise~es ~?nd pntits t~ereot, and .tso al che eetate, r;~ho, LitJe. incereac and ali nlaim
~?ad demrad wle~rtsoeve~, as weU in law ~s ia e~uity, at Mortg~or in ,~ud to the aame, inolud?n~ but noti limiced co:
(s) All reats, pro8ta, revenues, royultiae, ng6ts and beneefi~ derived trom (1) eropa grown on said seeurity ~ad produoe
ot the aoil othenviae (2) oil,~ae or mineri?l le~rer ol the promi~ee or any p~rt thereof, no~v er~stio~ or hereatf~ made, ~+ith the
right Lo reoeive und reoeipt than~ta~ ~ad app~y the a~me to the indebtedneen seoured hereby either before ar attsr ~ay de[~?ult
hereunder, and Mortgs~ee miy demwad, sae !ae wnd reeovar an~y suah payments but sLali nat ba required so Lo do, an3 (3) all
other reats, isaues and pro8te ot the p?roari~ee trora time w time ~oorning, whether undar le~,res or tenwaoier now exietia~ or
• herertter are~tad,reeernng to Mort~agor, hawever, ~o long as Mortgagor ae not in def~ult heteunder, the rie6t to reoeive aad
retain the renta, irsues ~nd proAt~e in oLuaea (1} and (3) hereiu.
(b) All judgmenta, ~wards at dama~ea ancf setLlemeate here~ttar made rasuiting ftom aondemnation prooeedin~s o~ tha
takin~ ot the premieee or any part thereot under the povrer ot e~uinent dom~in, or Cor any drraage (wrhether ~used by suoh
taki or ocherrvi~e) Lo the premise~e or thh improvementa thareon or a~y p~rt thereof, or to sny nghts ~?ppurteni?nt thnreto,
v
inolu ing ~y s.vard tor oh~e?ge ot gr~de nt rtreet~. Mor ~s hereby ~uthorised, on bahutt acad in tbe name ot Mortg~gor,
to eneoute aud deliver valid wquittanc+es tor, wnd to rp~troca, way euoh judgmeuta or swards. Mort~ee ma~ wpply all
suoh auma or ~v part thereot eo reoeived, dter the poymeat ot ~ll oi it~e~p~+w~es inoluding ooste and attorneya' ~a~e, on the
indeDtedneee reoured hereby in suoh maaner ae it eleota, or, at ita option, the entire amount or aqy part thereo[ so reoeieed
me4y be releved.
TO HAVE AND TO ¦OLD tLe sbove grwt?ted snd desoribed premiriee to Mortg~gr~e, ite euaee~ore ,~nda~gns, farever,
u?d Moetgagvr doee hereby [uUy ~varrsnt the titie to s~id ]sad, nnd w~ill detend Lhe ssme ag~'snet the lswful alsima o[ all peteons
whome~ever; provided atwsys thrt if Mortgagor shall pay to Mortgagee thst eertain pro~ueaory note above deuaribed wd ehall
pertarm sll other covensnta aud oonditions at eaid promireory note, nad ot aqy renew~?l, ext,m~ion or modiflestion tt?ereof,
and of thia mortgs~e, then thie mortg~ge sad the estate hereby arestsd ehill oe~e wd be null und void.
Mortg~or further oovenante and a~^eee with Mortg~gee as followe:
1. To p~y all auma inolu interest eeoured hereby when due, aa provided tor in said pramisaory note and any renewsl,
extension or modi8o~t~oa thereo and in thia mortg~e, all suo6 aume Lo be paysble iu luw~ful money o[ the United 3tates of
Ameriae? st Mortg~ee'e atoreswid prinaipal o1Hoe, ur ~t euoh other plaoe as Mortgagee.may deeiqnaUe in w~riting.
2. To pay when due, and w•it6out requiring any notioe from :~Iortgagee, sL taxee~, a~sessmentes of any type or nature at?d
other charF;es levied or assessed sgainat the premisex hereby encumbere~d snd produce reoeipts therelur upon demand. To
immccliately psy and cliachsrge any clsim, lien or eneumbrance agaiust such premises wl~ir,h may be or beoome superior to
thi:~ mortgage and to germit iza defsult or delinquenoy on sny other lien, enaumbranee or oh~u~n+ a~sinst sueh pt~emist~.
3. If required by Mortg~gee, to also mske monthly depoeitx with Mor~, in ~ non-interest bearing aooount, together
with and in addition to intereet and prinoipal of s eum equi?1 to one-twelit of the yearly taxes a?ud aeaeeaments whicb may
be levied sg~iast the premiaes, and. (if so required) one-Lweitth ot the y~rly pr~emiums for insuranee thereon. The ewuount ol
suoh taxea, aseeegmentx rrud premiums, whea unkno~vn, ahsll be estimsted b Mo 8uoh deposits shall be used by Mortr
g~gee to pe~y suah taxee, as~easmenta snd preminma w hen due. My inau~oienoy o snoh aooount to psy suoh oharges when
due ahall be paid by Mortgagor to Mortgag~ee on demand. lt, by re~on of snq detsult by Mortge~or under sny pmv~sioa of
this mortgaqe, Mortgagee deolare~ al] sums seeureci hereby Lo be due and ~aysble, Mortgagee ms~ then spply sny funds in
said socount agsinet tbe entire indebtedneee seeured hereby. The enforoesbility of she r~ovensnta relstin~ to t~es, aesesaments
aad insursnoe premiums herein atherwise pravided ahall not be a~eoted except in so far sa those oblig~stiona hsve been met by
a~mplianoe with thie psrr~tsph. Mortga~ee may from time ta time at ite option waive, and after any such waiver reinstste,
any or atl proviaiona hereof requiring suoh depoaits, by notioe to Mortgagor in writicsg. While any sueh wsiver is in etieot
l~tortgsgor shwll psy taxes, sseessments and insuranoe premiums a~ harein eteewhere provided.
4. T'o promptly pay all taxea and assessments as~sessed or levied under and by virtue of awy state, federal, or municipal
la:~• or regulati~n hereafter pa.sed, a~sinst Mortgagc~e upun thia mortgage or the debt bereby secured, or upon its intere~st
under this rnortga~e, pro~~idecl l~owever, thst the total r?mount so paid for any such taxeR pursuant tu this paragraph Lc~ether
with the interest payabte on said indebte~dne~s stu?11 not exceFxi the highe~st lawful rate of intert~st iu Flarida and pruvidcxl
further that in the event of the pas.wa~*e of any such !aw or regulation, t.he entire indebt.ednes. secured by this mo:tgage shall
thereupun bc3eoma immeciu?tely due and payable st the c,ption uf Murtgaqee.
5. To keep the premises inaureda~a~net losa or damsge by 8re, windstorm and euoh other hazsrds as msy bereq uired by
Mortgagee, in form sad stnounts satidsotory to, e?nd in insunnce oompsnies spproved by Mort~g~ge~e, the poroiee far whioh
inaurmncx+ shall be paysble to Mor .$uoh poliaies, and stxvtraots and other title ev~denoe, ehsll be delivered~ to and held
by Mortgsgee. Upon farealosura o~mortgage or other sequisition of the premifses or any part thereof by Mortg~ee, said
pohciea, ;betrewts and title evidenoe ahall beoome the a'osolute property ot Mortg~gee.
6. 'I'o first obtain the written oonsent of Mortgegee, suah oonsent to be granted or withheld st the sole discretion of suah
Mortgagee, be[ore (a) removing or damolishing any building now or heresfter erected on the premises, (b) aitering the arrsnge-
ment, design or structural oharacter thereof, (o) milnng sny repair~ which involve the removal ot struetural parts or the expoaure
ut the interior of such building to the elements, or {d) e:oept for domestic purpo~sea, autting or removing or permitting the
cutting and removal of any trees or timber on the premisee.
7. To maintain premiaeR in good oondition and cepair, ineluding but not limited to the muking of suoh repairs ae Mortga~gee
may from time to time determine to be neoessary for the preaervatioa of the premises and to not aommit nor permit any waste
thereot.
S. To comply with sll lawa, ardinsnuea, reg'ulationa, oovenmts, conditions snd restrictions a8ecting the premises, snd not
to suHer or permit any viole?Lion thereof.
9. I[ Mortgagor faila to pay any claim, lien or encumbranae whieh is superior to this mortgage, or, when due, sny tan or
assessment or insurance premium, or to keep the premises in repair, or shsll oommit or permit wsste, or if there be oommenved
any action or proceeding atfecting the premises or the title theteto, incsluding but not limited to, eminent domain and banlavptay
or reorganization pmoeedings, then Mortgsgee, at it8 option, msy pay suid olaim lien, encumbrauoe, tax, axae~ament or premium,
with nght of subrogation thereunder, may make such repairs uad telce suah ateps as it deems sdvisable to prevent oa cure such
waste, and may appear in aoy such aotion or proc~eeding and retain oouneel therein, snd take suoh setion therein sa Mortgsgee
dee3ms advisable, and for sny of st?id purposes Mortgagee maq advsnoe such sums nf money, inoluding sll costs, reasansble
attorney's feas and ather items of expense as rt deems neoeesary. Mortgsgee ahall be the aole judge of the legality, validity and
priority uf any such eLaim, lien, encumbranoe, tax, aaseasment snd prem~um, and o[ the amounE neoe~sry to be paid in asYis-
fsetian thereof. Mortgagee shsll nat be held sooountable for any delaq in making sny suah psyment, which delsy msy result in
any additional interest, oosta, chsrges or eupense otherwise.
10. Mortgag~or will pe~y to Mortgagee, immedistely and without demand, all suma of money advanoed by Mortgagee pnranant
to this mortgage, inoluding ell eost,~, reeaonable attorney'R fees and other items of ex~en~e, tog~ther with intereet on each such
advanoement at the rate c~f Len per oent. (10%) per annum, and all such sums and interest thereon shall be neaured hereby.
11. All sums of money seeured hereby ahsll be psysble without any reli~ whatever trom any valuation or spprsieement lawe.
12. If default be msde in payment of any inatallment of principsl ~r interest oi said note or an~ part thereof w~en dua, or
in psyment, when due, of any other aum secured hereby, or in performsnoe of sny of Mortb?a,gr~r s abligsti4na, oovenants or
agreements hereuader, sll ot the indebtednes~s seoured hereby shall become sr,d be irnmedie?te~q due snd psyable at th~ optaan
of MortgeRee, without notioe or demand whieh are hereby ezgrexsly waivt+d, in whiah event 1lriortga~ee m~y avail itaelf of
all righta snd remedies, at lsw or in equity, and tkus mortgage may be foreoloeed ~iLh all ri,ghte aud remed'aes afforded by t•he
laws ot Florida e?nd Mortga?gor shall psy a~11 costa, oharges and expenses thereot, including a reesonable attarney's fee.
13. ii default be macie ia pe?yment when due, of any indebtednesa secured hersbq, or in per[ormanoe of any of Moetgagor's
obtigations, oovenanta or agreements ~ereunder:
(a) Mortgagee is wthQrized st any time, without notioe, in its eole discretion EO @IlfB! I1pOII 8[ld 1i~C9 p08808816ri O~
the premises or anypar t thereot, to perCorm eny acts Mortg~ee deems necseesary or proper to conserve the secunty and tv
oolleat and reoeive all rent~, iasues and pro8te thereof, including those past due as well ss thc~se aocruing therex~tter, and
(b) Mortgsgee ahall be entitled, a~ a matter o[ striot nght e~nd w~.thout rege?rd to the vslue or oooupa?nay of Lhe setsurity,
!o have a receiver sppointed to enter n~pon snd tAke poasession of the premisee, oaUcat the renta and pro$te therefrom and spply
the same as the ouurt msy direot, such reoeiver to hsve all the riqhta snd powera ~rermitted under the laws ci( Florida.
In either auoh csase Mortgagee or the reae~iver msy alsa take possession of, and for these purposes uae~, any nud ali peraona!
property contained in the premisea ~nd used bp Mortgegr,r in the mntal or leasing thereot or e?ny part thereof. The expenee
(ineluding receiver'a fee~, counsel fees, o~te and agent's oompenastaon) incurred pursusnt to the powere herein oontained ehall
be aeaured hereby. Mort.
s~~ee shall (atter payment a!1 eostn snd ezpenees ineurreci) spply euoh renta, i~ues a~d groSte
received by it on the indebLednc~ss securad heroby in auch order aa Mort~a~gee determines. The right to enter and tske poeseesicm
o[ said pmperty, to manage end operste the ssme, and to aollecst the renta, isaues and pro8ts thereot, whether by s reoeiver or
otherwiae, sha11 be cumu~acive to an • other right or romedy hereunder or s~orded by lsw, and may be exeroised ooa4urrently
therewith or independently thereaP. ~ortgagee shell be liable to s~ooount on~y for auah rents, iasuer wnd pro8ta ~atually teoeived
bp Mortgagee.
B~o~13U 554