HomeMy WebLinkAbout0637 ~ ~ r ;l • .
> >
TOC~TH~~ WI'1'H all and riingular the tenementx, 1~e~rcKiitamenta and a~puru~nancY~, !hert~untu belun~it~g ur in any-
N~i~c~ tht~muntu appertaiuinq and tLe renis, i„ua, gnd pruiit, iherc+~~f, and alsu al~ thi~ estatr, riRht, title, inter~~st arid all elrum
an~i ~ten~and w•hat,crc+~~er, a; u•e+ll in IRN R,~ ~u c~~uit~~, uf lfurt~a,~or in ani) tu thc~ sa~ne, inclu~lin,~ hut not limiie~l tu:
(a1 All renls, prutits, ravenuc•., ru~•alties, right:; au~l t~rnetit~ ~lerivecl firuru (11 crupy gruwn on said s~acurity and prudure
uf tti~~ suil utherw~i,e l21 uil. ~;ae, ur ?uir~i~ral lea,e~ uf tlye premises ur an}~ pnrt thert~jf, tIClR' E'Xls~t(1~ UC hE'h'R~~E~ ITI&lIE', R'j(}i the
riKht tu rec<•ivi~ an~l receipt ihc~refur and appl~~ thc• same tu thr in~trbt~lness secure+~l hereb}• eith~+r tx~fure ur aftrr any default
hereun~ler, an~l ~turt~re ntay de•triand, suc: t`ur aud reawer any ,uch pa~~iuent, hut ~hall uut tx, r~v~uire~l so tu du, ai~d ~:i) all
uther rPnts, i~ue+, and pri~fit, of the pretnisrs frurn timN tu time accruing, N~hether un~lt:r Iea,f+x ur tena?~cie,~ nuw exiating ur
Iu~reaftFr crea:e~i, rewer~•~n~; to :~1urt~at;ur, huw•ever, ,u lunK a.+ titurtga~ur iti nut in drfault hereunder, the right tu receive and
retain thc+ rc,nt~c, i~sur:~ and pruht~ in clau~e, (1) and (3) herefn.
(b) All jutlKwenty, aw-t~rd~ of daniak~ and aettle?nents herc+after mtutc resulting frum cundemnatiun proceeciin~ or the
t8kin~ oP thu prentiyes ur any part thereuf under the pc~w~er uf eminent ~icituain, ~~r for any damt?Ke (w~liether cauec~ci by suoh
takinK ur utherw~i~t•) to the prewi,es ur the impn~ve?nents ther~ou ur env part thereuf, or tu an}~ ri~;his appttrtetiartt theret<y,
ineludin~ at?~~ award fur ~hauge of Krade of strc+et,. ~furtKsf,cjc, is hereby authoriztxi, on hehalt ancl in thc~ name of Mortgagor,
tu esec~.ite~ and deliver ~•alid a~~yuittarece, fur, and to appt+al frutn, anv such judKnit~nt~ or awaril~. vlortga{~*t~e luay apply all
such tiuti~ti or a.t~~~ part thcert~f ,u rcreiverl, ~ftFr the pa}•ment of all u~ It9 PY[1011SCti, includin~ costs and att~~rne~~n' fe,ea, un the
in~lehteilne~s yt+cureci ht~reb~• in such ?nanner a~ it etect,, or, at its option, the entire aniuunt ur anv r~xrt thereuf so rncrived
n~ay be releax+ci.
'I'O HA~'E AND TO HQLD the aM~ve ~rante~l and de~crihed premi,e~ tu \iurt~a{;t~, itH succe~snrs an~l ~,aigns, forever,
and \i~~rt~af;ur d~~e, herc~h~~ fufly~ warran~ the title to saict land, and H•ilt deicnd ihr 5ame agains; th~ taxful cta,irus of all peraon~
whumsuever; pruvided always that if D1ort~t~;ur shail pay tu lturtk*agee t}iat eertain proin~s.cutw~ nute abuve described anci shall
perform all other covenar~ts and conilitiuna uf said pro~?ii~.~on• nute, ana uf ~n~~ rene«~al, extensiun or mudiheatiuii thereof,
am! <,f this murt~agt~, thett thi, rne~rtgage an~l th~ e5late hereb~• crestE~! shall cea~r atul tx: null ancl vu~d.
1Zortga~ur farther covenants and agrc~:; ~•9th Diurt~a~f~ a, tulluµ~s:
1. 'Co pa~~ sil sums including it~terest secured hc~reby h hen due, ae provided for in said prumi~u;ory note an~l anv renewal,
rxtensiun or rr~udifie~tiun th<~reof and in thi5 tnortgage, all sueh sums to bc- payable in lax~ful n~uney of the 1'nit~ Stnte, uf
An~erica at D1urt~a~ee'~ afure~aid prineipa! uftice, ur at such other place a:; Dlurtgagc~c~ ~nay desi~nale in kriting,
'l. `I'u ~~a~• Hhrn ~luF~, .inil Nithnut r~~i~uiriu{; au;+• nutirt~ iru~u 11urtKa~;c~e. all taxe>s, g..~e~sstuentti uF at~~• t~•pe• ur uaturc• tin~l
nthc~r ~~har~,~c~: ?,~~•ic•~i ur as,rs;i•~1 u~;ui~i,t thc~ prE~rni~c~.; hrr~~h~- ~~ncu~nht~rrd ~inc! pr~~~lttce~ rtrc~ipt, th<~r~~t'~~r n~~uti ~1~•n~an~l. Ti,
itt~~n~~~iixti~l, pu}- au~l ~li;char~;e an}~ ~•lairn, lit~n ur rn~~uuihrauco t?~ximt vucfi premitirs w~hich tna~• L~~ ur bcV~nnu~ ,up~~ri~~r tu
t}ii~ inurt~a~;~• an~i tu pc•nnit nu ~ifdault ur dt~linyuen~~~• ui~ an}• uthc~r tit~u, Nncuwl~ranc~• ~~r c•LarK~ :u;xit~:t ~ucli prc•n~i,f•~.
3. [f rc+c~uireci by ~furtgagee, to also make monthl}- depvsits w•ith ~I~frtga~;ee, in a non-interest bearing accuunt, t~~gether
w~i!h and in a~iditiun to intereat and principal, uf a suru equa( to une-tw•elfth of the y~earl~~ taxes and assessmentr x•luct~ may
he levic~l against the pretnise,, and (if x~ requirecl) un~tw•etfth of t~e yearlv prerniums fur incurance therec,n. The aniuunt of
~UC}l tA,X(~5, B.titiPS~STIQR~S A!1(~ pIHIT2tUl115, K'}1P7t UR}CIIOK'A, shall }~e estimat«i bv ~ivrtga{;ee. Such ~iepetisit~ shalt be u5ed by btort-
Ka~c~ tu pa~• .uch taxes, as~e~.,rnentti and premiun~~ whcn duN. Any~ insutliciencv of such aecount tu pay ~uch charges when
due ahatl be paid hy :lfort~or tu ~furt~a{;ee on demand. If, hy reason uf any c~efault b}• Mortgagor ander any provifiiun uf
thi~ tnurtg~e. \tort{;aqee decleres all sunis secureci hereb~• t~ be due and payable, ~1~ortgagee may then apply any funds in
said account against the entire indebtodness securecl hereb~-. The. enfome~bility of the covenants relatin~ tu taxes, at;sessmenta
and insuranee ~~remiums herein otherw•ise pruvidc~cl sliall nut be afferteci except in Su far a~ thosr oblika~ion~ ha~~e t~een met by~
cumpliance K•ith Lhis paragraph. :lfortga{~ ee may from ti?ne to iiuie at 1tY UptlOll R'&l~'(, and after any ,uch waiver reinstate,
any ur all provi~ions hereof requiring such c3eposits, b~~ notice to Murtgagur in writin~;. V4'hile any such waiver i~ in e~ect
~fortgagor shall pay tax~, a,~.~essments an~l insurance premiums as herein else~•here provided.
Tu ptutit~)tly pai 8II ttiXFti an~l a~~c~ssmf>>rts as~F•"e~i ur I~~~i~i un~lE~r an~l h}• ~~irtue~ ~~f su}~ stat~, fedf~ral, ur municipal
la~c ur re{;uluti~~n h~~r~~aftc~r pas~e~c3, a~ain~t ~turtgatieo ulx~n tfii; murt{;a~~ or thc, elebt Lc~reb~' sc~~~ire~l, ~~r uputt it4 irtt~e~r~~.t
iin~le~r t1ii5 inurtt;a~;e, pr~n•idtvl h~~H•e~•c~r, thst thr total aniuu2~t ;u pai~i f„r an~• ,tich tazes pur.iiant tu thi: parti~;rapli tu~;c•thE~r
~+iil: th~~ ii~tere,t px~•x},lE~ on ~ai~i ind~>btevlne:~ sliall nnt ~•xce~f~i tht~ hiKi~~•st fa«ful rate uf int~~rf~;t in F'Inri!I& iiiUl F)IYIF'l1lf•II
;i~rtl~er that in the F~~•c~iit ~,f tht~ F~a,.=a;~e~ +,t siiti~ ~ue)i IxH ~~r r~~~,~ulati~in, the entirc in~ic~trtc~cfnc~,; ~c•eur~~el 1~~~ tlii, nwtt~a~-r, shxll
thf~reupuu bt~c•ume imtnP~liatc•l~~ due and p~s}•able~ at the~ optinn uf \1urt~a~ee.
5. Tu keep the premises insurec3 against toss or damage by fire, windstorm and such other hazards as nisy be required by
~furtga~,*ee, in fc~rm and amounts satisf~,eton' to, ancl in insurance eurnpanie, approv~cl bv :~iortRa ~e, the policic~ for which
insurance shall be payable to tiSurtgagee. Such gwlicies, and ahstrae49 and uther title evi<lence, shal~ be delivered to and held
by ~fortgagee. L'pon foreciosure of thi~ mortgage or uther acquisitinn c~f the premises or any part thereof by ~1lortgagee, said
policies, abstracts and title e~-idence shall becume the abauluts property uf 14ortgagee.
6. To first obtain the written con~ent of :~furtgagee, :~uch conaent to be ~rantecl ur withheld at the ~ole discretion of such
Aiurtgagee, before (a) removing or demoiishin~ any buildinq now or h~reatter Preetecl on ihe premises, (b} altering thc: arran~;c~
rnerit, dc~~gn or structural charaeter thereof, (c) t~iaking any repairs which involve the rernuval of structural ptsrts or ihe exposuro
uf the interinr of such buiiding to the elements, or (d) except fur docnc~stic purposes, cutting or removing or permitting the
cutting and removal of any trees or timber on the premises.
7. To maintait~ premises in good condition ancl repair, ineludin~ but not limitc*ci t~ the making of such repairs a5 DTortgt~;ee
cna~• from time to time determine to be necc~sar}- for the preservr,tion uf the premi~es and to not cununit nur perrnit an~• w~aste
ther~~f.
8. Tv cumpl~~ with all laws, ordinance~, reguletions, covenants, conditions and re,trictionG affeccing the premises, and not
to .uffer or permit any violatioii thereof.
9. If :4Tortgagor fails to pay any elaim, lien o: encumbram:e w~hich is superior to this mortgaF;e, or, w~hen due, an~ tax or
assesbment or insurance premium, ur to keep the premises in repair, or shall co~nmit or pertnit wa,ste, or if there be commenec~t
an~• actiun or proceeciing atfecting the preinises ur the title theYeto, ineluding, but not li?nited to, eciiinent domain and bankruptc~-
ur revrganization proceeciin~, then tfortga~^e, at it,option, may pav said claim, lien, eneurnbrance. tax, a,se:~ssment or prem~um,
w-ith right o[ subrogatian thereunder, may mske such repairs and take such steps ag it deems acivihable to prevent or c~re such
H•aste, and may appear in any such actiun or proceeclittg and retain counsei therein, atid take such action therein as 1lfortgag ee
dea~tis advisabie, anci for an~• of said purpnses ~Sort.~agee tnay aclvance sucti sums uf m~~ney, including all cost~, reasanabte
attorne~•'s fc~es and other items uf expenge as it deems nece~:~ary. ;ltortgaf;ee shall ba the sole judge uf the le~slit}•, va(idit~~ anct
priority of any such clain~, lien, encum~rance, tax, a,sessrrient and premium, and of the amount necessary tu be paid in sati,-
taction thereof. :~Iortgagee shall not be held aceountable for any delay in making any such pay~ment, which delsy may reault in
sn~ aciditional interest, costs, charges or expc~nse oiherw~ise.
10. 3lortgugor wilf pay to iliortga~ee, immerliatety~ and without demand, all sums nf money advanr,ecl by IriortKagee purxuant
to ~hi, mortga#;e, 1RCluding 8II Costs, roasonahle att~~rney's fees and other items of Hxpenae, together w•ith interest ori each such
aci~ aneprnent at the rate ~f ten per eent. (lUS'c) ner annum, and aU sueh sums and intera5t thereon shall be secur~ci hereby.
11. All yums of money secured hereby shafl be pay~able without an~• reiief K•hate~•er from any valaation or appraiserrzent law~s.
12. If deP~ult be macie in pa~•aient of any installment ot principal ~r interest uf ssid note ur an~~ part thereof w~ien due, or
in payrnent, when due, of any other sun? se,cured hereby, or in performance of any~ ot b[ort,~a{;or's obli~ations, co~•erant~ ~~r
agreements hereunder, all of the indebtcvinei;s secured hereby shali become and be immediatel~i- duo and pa}~able at the option
of :~1or~~a~c~e, wiihout notice or clem~nd k•hich are hereb~• expre,sly waived, in which event _Vlort{~agee may avail itself of
all rights and remeciies, at law or in eyuity, and this mortgage ma~~ be foreclosecl with all rights and remetiies afforded by th~
law, of F[orida and :~fort$~or shall pay all cast5, chargc~s and Nxpen~es thereof, including a rea~onable attorney's fee.
13. If defautt be made in paymeut, when due, of any inde~te~lness aecurecl he:eby, c: in performance of any of :~1ori{~a{;or's
obligatinn~, covenants or agreements hereunder:
(a) :~furtgsqoe is authorized at any time, without nutiee, iri its 5ole discretion tu enter apon and take possessiun o.
the premis~s or any part thereof, to perfortn an~~ actti ~iurt~agee deenis necessarv or proper f0 C0119f~V8 tho security ancl to
e~~llect and receive alt rent:~, issu~ and profiGc thereof, including those pa~st due as weli as those accruing thereafter, ar~d
(b) Mort~agee shall be entitleci, as a matter of strict ri~ht and withuut regard to the value or occupancy of the securitti•.
to have a rcjceiver ap~inted to enter upon and take xx~ssession of the premises, c~oliect the renta and profits therefrom and agply
th~ same as the court mav direct, such r~eceiver ta have all the rights and powec5 permitted under the laws of Florida.
In either such case :~Surtgagee or the rcceiver may also take pofi~,ession of, and fur theae ~urposc~s uFe, an~~ anci all persona]
propert~ contained in the premises and l1SQ(~ bv ~iurtga~ur iti che rental or leasinR thereof ur any part there~~t. 'I'he eaperise
(ineiudin;~ receiver's fees, counsPl fees, cusss anil s{;ent'~ c~impensatiun) ineurr~ ~ur~ut?nt tu the pow•ers herein containerl ,hall
he securACi hereby~, DiurtRa~ee shall (after payment of all co~tx and expensc~ incurred) apply such ren?s, iseue, and prufits
rc~ee~t~e~i by it uii the inciebtecinc:sx seeurPri herebr in stieh ~~rder au~ ~"~tort~~*e deterniines. 7'he right to enter and iake poss~.;r,ion
u( saici propert~•, u~ aiana~e and o~atc~ the same, and to cullFet the rent5, issue.5 and profiUti there~~t, whether b~~ a receivNr or
utherw~ise, shall bc~ eumulatiti~e tu anv uther riKht c~r remcv~t• hereunder or atiord~i hv 1aw, and m~y be exereised eoneurrentlv
there~-ith or in{lependontly thereof. ~iort~agee ,hsll t;e liali~e to account only for suc}i rents, issues &nd profits actually receivecl
by :~1ort~a~;e~+.
aCQK ~tJ~ c1~