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'1'O(i~THEf ~Y[Te all wnd sic~gular the tenemente, hereditamente ~adap purten~aoes LhereunLo belonginQ or in aay-
wise Lhereunw sppertaining aad the rents, iesuee and pro8ta thereof, and aleo all the esW?ie, right, title, incereet snd all claim
snd demsnd whst~wever, ne well in Lw~ :?a in er~uity, ot Mortgagar in and W the same, inoluding but not limited W:
AU rente, proflte, revenuea. myaltiee, nghts snd beneflta derived trom (1) erops grown on ~?id ~eourity and procluoe
of the soil otherw~iee (2) oil,gae or mineral lesses ot the preinieee or any part thereot, aow ez~sting or her~e~iter made, rvith the
right to reoeive and reoeipt theretor e?nd spply Lhe aame to Lhe indebtednees raoured herehy either betore or a[ter any def~ult
hereunder, and Mortgagee mss demand, sue for ~nd reoover uny auch pRymants but ahall not be required so to do, and (3) all
other rents, isauea snd proSts ot the premieee trom time to time sasruing, whe~her under leraee or tenanoiee now e~detiag or
herewfter oreated, reeernng to Murt~go r, however, xo long a~ Mortgagor is nut in detault hereunder, the right to reoeive and
retain the rents, isaues snd pro8te in 7o
auees U) aud (3) here~ia.
(b) All judgmenta, ~?wstda ot dunagee u+d settlea?enta here~tter msde sesulting from oondemnation prooe~ii ar tLe
tsking ot the premiees or any pe?rt thereof under the power of eminent domain, or ior uay dunege (whether a?~by euoh
taking or otherwiae) to the premiees or Lhe improvements thereon or any psrt therec~t, or to ~ny nghte sppurtenant Wereto,
including ~ny aw~ard for ahange ot grade ot streeta. Mortgagee ie hereby suthoriaed, on behwtt snd in the nsme of Mortgagor,
to eueoute and deliver valid aoquittanoes tar, e?nd to ~ppee?1 irom, any suah judgmeate or swuds. MUrtgagee msy apply all
suoh suma or any part thereof so rvoeived, atte+r the payment oi aU of its axpeaee~, mcluding eoats and ~ttorneys' t~es, on Lhe
indebtedneae aeaured hereby in euoh mwaner as it elects, or, at its option, the en~ire nmou~t or snq part Lhere~~t eo reoeived
may be rele~aed.
TO HAVlE A1~TD 1'O HOLD the sbc>ve ~rsnted and deeoribed premibes to Mortgagee, iGa euc~oessore wds,a~tgns, torever,
e?nd Mort~agor does hereby fuily wsrrant the title to said land, and will defend the ~?tne againnt the lawtul al~ims ot all perEwns
whomsoever; provided aiwsys thst if Mortgagor ahall pay to Mortgagee that certain promisaory note above described and shsll
perform aU other covenants and oonditions of ae?id promieabry note, and of my renewsl, eztenaion or modi8aatiun Lhereof,
and of this mortgAge, then this martg~ wd the eetate bereby ore~ted ahsll c~c~ee and ba nnIl and void.
Mortgsgur turther cx~vensnts and agrees wit.h Mortgagee aa follows:
1. To psy r.ll sume inaludu'~g inLerest seoured hereby when due, as provided for in ssid promiaeory note wnd any renewal,
extenaioa ot modiSoation Lherwf and in t}ue mortgage, all such sums to be paysble in lawtul money of the lJnited SEates of
America at Mortgagee's staresaid principal o~ice, or at such other plsoe se ~iortgugee,msy deaignate in writing.
2. To pay whcn dua, and without requiring any notice Iroui Mortgagee, sll tszAs, asaeeatnents of any type or nature and
other eharg~ levied or as~ec~Pd a~ainst t6e pren~ises hereby enoumbered and produce receip&; therefor upon decnand. To
immediacely pay anQ diseharge an~ cleim, lien or encumbrance against euch premises whieh may be or beco~ne superiur to
this mortgarqe and to permit no defsult or del'u~quc~noy on ~ny other lien, eneurnbranee or oh~u~ sgainat suah premivc~s.
3. If required by Mortgagee, to ~leo make monthly depoaiEs with Mortgagee, in ~ non-interest beRrin~ ~ooount,t,o~ether
with anci in sddition to interest sud pnncipal, of a sum equal to on~twelftb of the yestiy taxes and assesamenta wiu'ah mpy
~ be levied sgsinet the premises, and (if ao reqwred) ono-twelfth o[ the yesrly premiums tor iaaursnoe Lhereon. The amount of r f
sueh taxes, oesesements and premiume, .vhen unknorvn, ehall be estimat~d b Mortg~e .$uuh dep~ita ahall be usud by Mort-
~agee to pa~y sneh taxea, aaseesments and premiums when due. Any ineu~aieno}r of euch eooaunt to psy auch oharges when
due nhail be paid by Mortgagor to Mortgagee on demsnd. If, by rAagon of any detault by Mortgagor under euiy provision of
this mortgage, Mortgagee deolares ~11 sums seoured hereby to be due and ~sysble, Mortgagee ma~y then apply any funds in
said a+ooount agsinst the entire indebtednees secured hereby. The edforoeab~lity ot the oovensnts ral~tin~ to te?xes, assee~sments
and insursnoe premiums herein otherwise provided ahall not be atfeated ezoept in eo isr as tho~e obligat~ons have been met by
complianoe with this peu~sgraph. Mor~ may from time to time at its option wsive, and atter any such waiver reinslate,
any or sll pcovisiona ~ereof requiring aua deposite, by notioe to Mort~egor in writing. While uny suoh waiver ie in eSect
Mortgagor shsll pay taaes, assesements and inaursuoe premiums as herein elsewhere pm~ided.
4. To pmmptly pay all taaces snd seseaements assestied or levieci under and by virtue of sny state, federal, ur munieipal
law or re~ulation here~aftc:r passed, against biort{~gee upun ttus mort~sgo or the debt hereby secured, or i~po~i its interest
under this m~3rtga,~e, pn,videci how•e~•er, that the total amount so paid for anq such taxcs pursuant t~~ this parxgraph to~ettier
aith the interc~t pByt?ble on :vsici indebtPdneKn ahall not exaeed the hiqhest lawful rate uf intere:;t in Florida nnd provuic~l
furtt~er that in the c~vent of the passage ot any suoh lsw or rc~ulatiun, the entire indebtc~naeu; sc+eured by thi~ mortgage shall
thoreupon Ueeomc~ immediately iiue ancl payable, at tha option of ~4urtgagee.
5. To keep the ptemise~ insuredt?ga~net losa or dama~e by fire, w*indatorm and eueh otlter hszsrds as msy k?e required by
MorEgagee, in torm and amounts satidsotory ta~ and in insursnc+e oompsnies spproved by Mortgsgee the pulicies for which
insurancse ahall be payeble to Mor agee. 3uah policiee, snd sbstrsots and other title evidenoe, shsll be delirered to and held
by Mortgag~ee. U~on foreoloaure o~this mortgage or other soquisitioa af the premisee or auy part theraot by biortgagee, said
poLctee, ab~tracts and title evidenoe shsil beoo~ne the abaolute property of Mortgegee.
6. To first obt~?in the written oonaent ot Mortgagee, such coneent to be granted or withheid at the sole disoretion of suah
Mortgagee, betare (a) removing or demolishuig any bu~lding now or hereafter erected on the premis~, (b) alteriirg the arrange-
ment, design or atrucGural aharaater thereot, (e) making t?ny repairs which involve the removal ot structurai parts or ~he exposura
of the intenor of such building to the elements, or (d) eaoept for domestie purpoees, autting or removing or getmitting the
ouLting and remove?1 of sny trees or timber on the premises.
7. To maintsin premises in ga~d oondition snd repair, including but not limited to the making of auch repairs ab Mortgsgee
rnay from time to time determine to be necebsary for Lhe preaervstion of the premises and to not oommit nor permit aay wsste
thereaf.
S. To oomply with all lawa, ordinsnoes, regulations, covenants, conditions and reetrictions allecting the premisea, and not
to suger or permit any violation thereof.
9. It biortgagor fails to paq any claim, lien or encumbrenoe which is superior to this murtgag~e, or, when due, any fi,ax or
asseasment or insuranae premium, or to keep the premises in repair, or ehall commit or permit waste~, or ii there be commenced
any action or prooeecling effectinq the premisea or the title theteto, including, but not limited to, eminent domain and bankruptcy
or reorganization proceedings, then Mortgagee, at its option, may psy said claim, lieti, encumbranoe, tax, ssaesament or prem~um,
with right of subrugation thereunder, may make suah repairs and take such steps as it de,em~ advissble to prevent or aure such
wrbste, and m~y appear in sny sueh actioa or proeeeding and reisin counsel therein, and take suoh aetion therein as Mort~taaee
doems advisable, and for any of said purposes Mortgagea may advaaae such sums of money, inclading all costa, ressonsble
att~~rney's fees and other itsms of expense sa ~t deema neoeRSary. Mortgagee shall be the sole judge of the legality, validity nnd
priority of any such olaim, lien, eneumbrenoe, tax, assessment and premium, and of the amount nes,essary to be paid in satia-
faetion thereof. Mortgsgcie shsll not be held aocounLable tc,r sny delsy in maku?g any such payment, which delay may rc~ult in
eriy aclditional intereat, ooat,~, charges or ezpense otherwise.
10. viortgagor will pt?y to Mortgagee, immediately arfd without demand, all sums ot money sdvanceci by Mortgaqee pursuant.
to this mort{;age, inoluding a11 costs, reasonable sttorney's fees and other it~+m~ of ezpenae, together with intere~t oa eaoh auch
advancement at the rate o[ ten per ceat. (10~"Jo) per xnnum, and all ~uch sums and intere~t thereon sha11 be secured hereby.
I 1. All sums of money secured hereby shall be payable without anp reliet whatsver from any valuation or appraieement laws.
12. If default be mac3e in payment vf any installment of prineipal ~r interest. of said note or any part thereof w~en due, or
in p~?yment, when due, of any ~ther sum secured hereby, or in performsnee of sny of Mortqsgor's obGgations, covenantt~ or
agree,ments hereuader, all of the indebtednes~ secured here~y shall treoome ac?d be immediately due and payable at the opt•ion
ot Mc,rt{;agee, without notice or demand whieh are hereby expressly waived, in which event Mortgagee mry svail itaeU ot
all rights and remediea, at law or in equity, and thi~ mortgage may be foreclosed with all rights and remedies affordeci by the
lawy ot Flor~da and Mortgagor ahall pay all costs, chargea and expenses thereot, including a reaxonable attarney a fee.
13. If defr~ult be made in payment when due, of any indebtsdnesa gecured hereby, or in performance of any ot I~fortgegor°s
obligationA, covenanta or agreemeute ~ereunder:
(a) Mortgagee is suthonzed at any time, without notice, in its eole discretion to enter upon and take pAesession oi
the premises or any part thereof, to pertorm any aots Mor~ deems neoeasary or proper ta e~nserve the seounty and to
ec~llect a~nd receive sll rents, i~uee snd proStN thereot, includuig Ehose past due as well afs thoee acuruing thereafter, and
(b) Mortgagee ahall be entitled, as a matter of strict nght and w?thout regard to the vslue or oeoupancy of the seourity,
to have a~ ?~eceiver appuinted to enLer upon and t~kepo s.9ession of the premises, aflllAOt the rent~ and pmStm therefmm and apply
the same se the ~urs may du-ect, such reoeiver to have AII the righta urd powera permitte~d under the law~ of ~lorids.
In either auah aaae Mortgagee or the reoeiver maq slso take poaeeesion o[, srid tur the~e purposee use, uny a?nd ;11 personsl
propert.y ooatained in the pre~miges a?nd us0d by Mortgsgor in the rentsl or leaging thareof or any part thereof. The ezpenae
(ineluding reoeiver's ieee, oounsel fees, oosts wnd sgent'a oompensation) inounred pw~suant Lo the powere herein oontained shall
be secured heceby. Martgegee shall (nfter payment of sll ooate snd ezpe~tises incurred) epply suoh rente, issuee and proflta
rec;eived by it on the indebtednees secsured hereby in such order aa Mortgagee determines. The right tc~ enter and take ponse~aion
of said property, to manage snd oper~te the same, and to colleat the rents, ~sauee and pro8ta thereaf, ~vheLher by s reoeive~ or
otherwise, shsll he aumulative to any other right or remedy hereunder or afforded by ]sw, snd may be exerciaed ooncumntly
therewith or indep~endeatlq thereof. Meetgagee ahsll be lisble ta aooonnt oaly tor suoh rente, iesuee and pmflte wtnally reoeived
by Mortgagee.
i;3~. Bo~K 1~3U 2~4
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