HomeMy WebLinkAbout0641 TOGETHE$ V1'!TH all an~i ~inRUlar the• tenei:~rnts, hc•rcMlitament, an~i a~purtrnanec~ti tht~rF~untu t>elunKinK ur in :ui~~-
«i,~~ ~h~~rruut~~ a~:pt~rtxiuink siul tht• r~•nt~, i,~u~~~ aud prutit~ tl~t~r~•uf. and al~u al tht~ f~.tatc~, riKht. titlr, intert•.;t end all c~l~m
an~i ~1~~t•~an~i H~hatyur~er, a, ~srll in laN a., in ~+~~uit~~, uI :~furt{{ey;ur in and tu tlit~ ,afur. includinK hut :wt lituilcKi tu:
~u) all rt~nt,, prutit~. rc~~~t+nut•:+, ru~•altu~,, right, anii ht~netits dc~ri~~c~l fru~u ll) crups gruw•n un .aid Yecurity and produce
uf thc~ ,uil uthorwirr i2~ uil, Ka, ur ~ninNral It~a~+c~, uf the prt~mi,es ur an~~ part thrrr+~f, nuw• exi~tin~ ur herrafter ma~le, with the
rit;ht t~~ rcr.riva and nK•r~ipt tht~ri~fur and xpph• thr ,au~e~ tu thr in~1c•btcrln~~~a scK~uravl h~~rrh~• ~•ither ik~furc• ur after +u~y drfault
L~~rt~und~r, an~l \furt~;tu;t~• ii~x~• ~l~~~nsn~l, ,ue fur snd r•rcutt>r an}~ Sw•h pa~•mt~nt, but shall nut bc~ rE~cauirivl su tu du, and (3) all
~~t!~rr n~nts, i„ue:~ an~l prutit, of 1hr premi,rs frum tiuu~ t+> timr tu•cru~nK, ~vheth~•r un~iFr Ic~a,t~a ~~r tenan~•iH~: nuw~ exi»ting ur
hrrc•ulte~r creale~l, rr,rr~•ink tu \tuCt~a~ur, huw~evrt, au lutig 8s \Iurtga~;ur is nut in ilefault here~un~ler, th~• right tu rc+crive an~l
rrtain the rr~nt~, i,suNS au~i prufit:: in claiuE~, (1} ~t~d (3j herein.
ih) ~ll ju~l~;uitmts, xwanls uf dan~a~ss an~ ,ettlement, hereaftr~r rutul~• msultiuK trum cundt~u~natiun pr~~eNtKii?i~s or thN
taki~~~; oF the pr~•rui,t~. nr aii}~ psrt thereuf undt~r the ~iuwer c~f emirrt~r~t ~lumain, ur fur an~~ dauin~E= (whethE~r cau;cKl hy ,uci~
txkin~ ur utherwi.e~) tu tht~ pr~misrs or the• improvetuents thereun ar any part thereuf, ur tu an~~ riRhts appurtPnant lheretu,
inc•ludin~ an,y aH~nnl fur etian};t~ uf ~,~rtuic+ uf Ktrc*et,. :1i~~rt~;n~;cx~ :~c hen~by ~uthuriztxl, un lr~~half and in the nan~e uf ~~~~rt~ak;ur,
tu eK.rute and ~i:~li~~rr ~•ul~~l aryuittane~~:; for, and tu appral frum, anv such ju~iKinent, or award,. \lurt{~ec ma~~ appl~• all
.uch ~u~u; ur an~• part thert~~f ,u receiv~l, after the pa~•ment uf all u{ 1(9 PX~7PRtiP~, includin~ cu,ts and attornHyy' fery, un the
in~lebt~ine.. .trund hE•reby in sueh mannrr as it c~leet~, ur, at it~ optiun, the entire a~uuunt ur auy part lhercwf so ree~~i~•cd
mae b~ relea,eci.
1`O H:1VE A1D TO HOLD the ahut•H ~rantt~ci and drticrihecl pre~ui~e, tr~ !~1urt{,a~ee, it~ ;ucch•titi~~r, and as~iKn,, furever,
and ~turt~;t?~ur due. hemc~h~~ full~~ warrant the title tu ;si~l lan~i, and will drfYnd thE~ tiaiue rs~;ainst thc~ law•ful claim5 „f all per.on,
N'f1U1115U@~'t'f; pru~•id~,~l alwat~~ thst if I~turt~or shall pa~~ tu :~tort~c~ that certain prumi~sor~~ note abu~•e+ d~eribcxi and shall
pc•rfurm all other co~•enants and eonditions oF said pru?ni~.sury note, and uf any reut•wal, extensiun cir ~nudificati~~n 1}iereuf,
x~ui ~if thi, iuurt~s~e, ihen thi; wurt{~age and the e~tate hereby creat~i shall crase ar~d be null and vuid.
~iurt~a~~~r further cuvenants and agree., K•ith D4urt~a~ee as iulluw•s:
1. '['u pa~• al! sums including interest sc~eurc~l hNreby When due, ae provided for in haid promia~n~ r~otc and any• renex~al,
e~te~nsi~~n ~~r modificatiun tLerec~f and in this mortga~;e, all such ~;ums to t~+ pa~~able in laN~ful mune~• uf the t'nite~i Siate~ of
An~erica at ~lurlKa~;E~e's afuretiaid principal ofl`ice, or at such other place a~; hiurtgaf;t~ mav desiRnate in w~riting.
'fi~ pa}• Hhin ~lut~. ~tn~l Kithuut royuirin~ ar~~~ notio~~ fr~~n~ 11urt~;a~t~c~. SII l3Xf~;, Rs•E+nsme•ut. uf an}• t~•p~ ur nature an~I
utlu~r c~har~;t~s I~~~ i~~i ~~r uss~•s;c~l t~;ain;t th~• pr~~~ni;i•: It~~rt•1~~~ encutt~h~~re~d t~nd pruduce rc•ct~ipts thc~r~~f~!r uput~ demand. '1'~~
iin~u~~~li:iti~l~~ pa~• an~i di~churKe• an}• ~laiui, li~~n ur eneumbran~~• aKain.t such pretuis«s W~h~ch tua~~ be ~rr 1~rume suEx~riur tu
tt~i.: ui~~rt~;a~t~ an~1 tu pc~n~~it nu ~ti~fr~i~lt ~~r ~Ic~linyuc•nc•~- un an~• uther lic~r, eneumbranec~ ur elisrke~ ap;aiu.t tii~ch pre~ni,~•,.
3. !f required b~• ~Iort~a~,ee, to also make monthly deposita wilh Mort~agce, in a non-interest bearing account, t~~ether
w ith and in tuidi;iun tu interest and principal, uf a~um Pqual to one-twelfth uf the }•early taxes and ~vsessmentti K~hich n~ay
he le~•ie~l against the prernises, and (if yo ret~uired) one-twelfth ot the yeatly premiuma for insurance thereon. The amouut of
,cich tarrs, ati,e,smerits and premiums, w-hen unkr,o~•n, shall be esti?nated by biort~agce. $uch deposits st~all be used by Mort-
Ka~;f~~ tU pay such taxcv~, sase:~nients and premiunxs when due. Any insutficienc}~ ot such aocount to pay such charges when
due shall be paid b~• Dfort{;agor to Diortgagee on demand. If, by reason of sny default by Mortgagor under any provisiun of
thi, murt~a~e, 3fortgagee declar~ all sums securecl hereby !o be due and ~syable. :~lortgagee may then apply any [unds in
~aicl areuurit a¢;ain~t the Fntire indebteclness sceurec3 hereby. The enfureeabilit4• of the eovenants relatin~; to taxas, af;sessmenta
an~l insurancs premiuma hereiu otherwise pru~•idecl shall n~~t t~ atTc•etecl exeent in so far t?s those obligatior.s have been met b~•
cumpliar~ce with this para~;raph. ~Sort~agee may frorti tiiue to time at iGs option w•aive, an<I after any such w•aiver reinstate,
aii~~ or all pro~~isions hereof r~~uirin~; such deposit,, b}~ notioe tu .'tifort{;sgor in w•ritin~. R'hile an~• such w•aiver is in egect
:~turtgagor shall pa~~ taxes, a5sessments and insurancc~ premiucri~ ss herein elsewhere pruvided.
'I'o proinptl~• pa~• all taxes an~l as~e:~s?nf~nts a,sc~ssE•~l ur 1~~~~ia~! unde~r an~l h}• ~•irtuc~ of an~• state, fedc~ral, ur nuinicipal
la~~' ur rr~;ulatiun 6rrc~aitE~r pa.;sed, tti{Cainst 11urt{;a~;fr~ up+m tl~is ~nurt£'&{;e c~r tht~ ~It~bt hereb~• ~c~ettre~i, ur upun it, int<~rt~.t
un~le~r thi, ~n~irt~,ragr, pruvi~lt~+l huwt~~•er, ihat t}ie total arnuiuit ~u paid f~~r arip ~uch taxe, punuant t~~ thi: para~;raph t~,~~ttier
~~ith thF~ int«~r~~,t pa~x},li~ uir .ai~l indebtc~~lnt~s~ s}iall nut c~xef•c~l the hiKhf•,t la~cful rate uf intc•r~st i~i h'lori~la an~l pru~•i~le~i
turt6~~r ihnt in thf~ c~~~~~nt nf t}~t• px,~tr#,~e~ !~f xn}• such law ur rc~~,>ulatiun, thc eritirc+ inile~htE~inE~„ srcurE~~l h}• thi, rnurt~a~,~f~ ,}~all
thi~reupun htrumt~ iuune~iiat~r~l~- rlue anci ~~ay'ablE+ aG thi~ nptiun uf tilurt{;aque.
5. To keep the premi~es insureyia~ ainst loss or dama~;e by~ flre, windscorm and s:~ch other hazards a5 may be req uired bv
11urt~;a,~t~, i?i form and arnounts satisfactoiw- tu, and in insurance companie~ appruvcd bv :~Sortga~e~, the policies for which
insureence ahall be payable to :~4ortgagee. Such policies, and abstraots and other titte evidenoe, ~;hall be delivered tu and held
t,~• ifortgaf:ee. L'pon fureclosure of this mortgage or othFr acquisition uf the premises or any part thereof by biortgagee, said
policies, ab~tracts and title evidence shall become the absulute pruperty of .Liortgagee.
6. To fir~t ubtain the writien consetlt of ~fortga~ee, such consent to be grante<I or withhetd at the sole discretion of such
~iurtga~;r~, befura (a) remuving or detnolishiug any building nuw or hereafter erectecl on the premise~, (bl altering the arranK~
ment, de,ign ur structural character thereof, (c) ?nakinq any repairs which involve the remc~val of structural parts or the exposure
uf the interior ot such building tu the elements, or (d) except for domestic purpuse~, cutting ur remuving or permittuig the
cuttin~ and removal uf any trees or timber on the premises.
'i. 'Co maintain premises in qoud cundition and repair, includin~ but not limiteci tu the making of such repairs as 14iortgagee
mat- frum time to time determinc to be necessary for the pre~ervation of the prernise~ and to not commit nor pertnit sn~• H-a.tite
thereof.
8. Tr~ comply w•ith all laws, urclinances, regttlation5, cu~~enanCs, conditiuns and restrirtions aPfer,ting the prcmises, and not
tu nuffer or permit a7iy- ~•iolation therEV,f.
9. If :ltortgag~?r fail~ tu pay an~• clairn, lien or enrumbrance which is superior t~~ this mort~a{;e, or, w-hen diae, any tax or
fl~5e~s~t~ent ur insurance premiutn, or tu kt~p the ~,re~~iises in repair, or :hall comrnit or per?nit ws~ste, or if there be com?nenceci
sii~~ actiun or prucee~ling affeeting the premises or the title theFeto, inetuditi~, but nut limitecl tu, emi~ient dumain and bankruptc~~
~~r re~ir~anizati~~n pruc~~lin~ti, then ~1ortKa~ee, at i!, ~~ptir~n, may pav ~sid claim, iien, eneumbrance, tax, a~sessmeni or prernium,
:ti-ith riQht of subrokatiun thereun~ler, ma~~ make such repairs and take such ,teps a., it cleerns ~civisable to pre~•ent or c.ure such
~•a,te, an~i t~ra~• appear in an}• ,ucti action or pr~~cee~linK anct retairi counsel therein, a?id take ~uch actior. therein as `Sortga~ee
~ic~ern~ tulci,able, and Por an~• uf said purpose5 ~iortqa~;c~• nra~v advance suct± ~um:~ of money, including all cvst~, rea~onable
atturne~•'s fees and u?her ite»~s of expense as it deems nc~ces~an~. '~tort~agee shall tre the sole judKe uf the le~alit~~, ~alidity and
priurit~~ uf any such claim, lieti, Pncumbrance, tax, s.,5es,~nent snd pre.miutn, an~l of the amuunt necessary tt~ be paid in sstis-
[actio~~ therev~f. lfortgagee shall nut be held acc~~untable for an}~ delay- in tnaking any sueh ps}~ment, w•hich delay cna~~ result in
an}~ a~lditiunal interest, co~ts, cl~arges or expeiise otlterw•i~e.
10. ~S~~rtga~ur «~ill pa~' tu ~1ort~ag~r, immediatvl}• an~l w~ithout den~and, $11 Sum~ of iuoney acivanced b~• :~lortgsf;ce pnrsuant
tu thi~ murt~a~E~, ir.clu~li~i~; all custs, rea:~onahle attornep'S fees and uther items of ex~nse, together w•ith interex;t on ea~l~ such
axl~~ancF~nient at the rate uf ten per cent. (10`,~) per nnnu~u, and all ;uch ~ums and intere~t thertv;n shall be securEti3 hereby.
11. All surns uf n;one}~ securecl hereb~• ahall t~ pa~~able withuut an~~ relief w-hate~•er frum an~• valuation or appraisement la~ s.
1'2. If ~iefault bc~ ma~le in pa~•ment of an~• installment ut princ;pal ~>r intere.:t of saici note or an~• part thereof R-~en due, or
in pa~•rn~~nt, w~Fien clue, uf any uther Sum secureii hereh~•, ur irt pPrformance ~~f any ~iP ltortgaQur's ohligations, cot•enant, or
a~rf~~ruent~ hcrFU~~der, all of the indebteclnesx Secured hereb}• ~hall becrime and t~ i~nmecliately due s~nd payable at the nptiun
r~f \fort~a~c•e, k•ith~~ut notiee ur d~~tiiand whieh are hereb}• expre;sly w~aiced, in N•hieh event Jlortga~ee may at•sil itself ~~f
ull right, and retnedie~, at tav.~ ur in Fu~uit~, and thi~ niort~a~e roa~• ne foreclo,ed w~ith all rights and remedie5 aHordad b~• !he
law, uf ~'L;ri~la a:i~l .liurt~;a,~;ur shall pap all co~t~, char~ec an~! expense~ thereof, including a rea.,unable attorney's fee.
l:i. If defxtilt bc~ rna~le in pa~•m~nt, w•hen dtie, uf an~• inrlebtecines~ ,eciareci heceby, or in perfi~rmance of an}~ of ;~furt~agor's
uhli~~atiuti.-, ruveriants ur a{,~rE~rnents hereuntler:
(a~ tii~~:t~;a~ee i~ authorizeci at any tirne, withuut nutirF, in it~ s~~le discrFtion to enter upun aac3 take p~~sse~sion uf
thc~ pre!niseti ur ant• p~,rt thereof, to ~rf<rroi an~• sct~ ~ti~rt~a~ee deems nece,sary ur proper to conser~•e the security and to
cu(lctit an~t rcr.c~ive all rent::, i~~ues and prufitti thereuf, iziciudir~ tho~e pa.~t due as w•ell as those aceruing thereafter, and
(t~l ~furt~a~F~e~•ha!1 t entitlr~l, a~ a matter of ~trict ri~;ht an~i without regard to thE3 ~~alue or uccupane~- of the securit}•,
t~~ ha~-e a rec~iv~r ~ppuintc~!t to enter upc~n and take pussessiun uf thc~ premises, eollt~et the rents and profit~ therefrum and apply
th~• ~sin~~ a. the cuurt mav dirE~et, ~uch rec~eir-er to have 311 thc riQht~ and p~~wers permittPd under the law-5 of ~^'iorida.
In eithf~r such ca.~e'~furtgaE;f~ or the reeeiver may hlsu take possession of, and for the~:e purpo:,es use, any and all personat
prup~'f~~' CI)IllSlilE'(~ in the premise, an~l usecf hv Jturt~,~a~;or in the rc~ntal ur len,~ing t}~ere~,f ur any~ part there~~f. 'I'he expPnse
(inelu~iin~ rec~~i~~c•r'; fc~s, c+~uusel fc~~s, cc~st:; ar.~l a~Fn!'~ cumpk•nsutiun} incurr~l pursuant tu the puw~er~ herein containec! ~hall
h~• >~xure~l hereb~~. Jf~~rt~;aE;~e shali ~after pa}•ment uf all ro~t• and expenses incurred) appl`• such rent.~, isaues and ~rofits
rc~~c•i~~~~d h}• ir un thN indehtedne::5 scrurrKl hFreh~• in ~ui+h ~rrtler a,, ~iurt~a~;ee detertnines. T}ie riKht tu enter snd take pos5ession
~~f ~aiil pruFert~•, tu u~ana~F~ and up~rate the same, and tu c~ui!er± the rents, i;.ues and prufits tl~erec~f, w-hether hv a receiver or
~~thc~rvri>f~, shall tk• cumulativEr tn am• uii~~r ri~,>ht ~~r reme~i~~ here~undt~r ~~r affurd~! b}• law~, and mar bY exerciseci concurrentb
?lic=.*t•w•ith ~~r indf~pt~ndenif~ thercr~f. `1~~rtgt~ce shall be liuble tu af,count only~ for such rents, ia~ue~ aad prufit~ actually rcicei~•ed
hy \iortga,gee.
b!?(?'~~~