HomeMy WebLinkAbout1430 ,
• TO(iETBES ~YIT6 ?U and singular the tenement8, heredita?mente and ~ purtananec~as ther~unto belonging o~ in any-
~
w'iee thAreunto sppertaining ~nd che renta, iseuee wnd pro8ts thereot, and sleo ~?l ihe eetsto, right, title, intereat snd ~tl olaim
and demand wht,fsoever, as ~ell in lew «+a in equity, ot Mortg~gor in ~ud to the sa~me, inoluding bat aot 6anited to;
(s) A.11 renLa, proflts, ravenuea, roysltiee, nght8 aqd benet3ts derived fmm (1) arops grow~n on eaid eeourity and pmduee
ot the ooil othereviee (2) nil,~ss or miaerw! lesaes ol the premisea or wy part thareof, no.v eaisein~ or hee+eafter mwde, wibh ths
right to reoeive ~?nd reoeipt theretor and ~ppiy the e~me to the indebtednees seoured hereby eicher be(ore or atter any default
hereunder, wd Mortgagee m~?y demand, sue tor sad reo~ver aqy eueh paymenta but shall not be required eo to do, ~ad (3) ~ll
other rente, iesuee and prosts ot the premisee trom time to time ~oonuag, wbether uader te~ees or tenenaiee now eaieting or
hereJter orented, reserving to Mortg~o r, hoivever, eo lone aa Mortfiagor is not in detsult hereunder, the right to reoeive snd
retain t~t?e reate. iseu~s snd proflte in oliuee~ (1) snd (3) herein.
(b) At~ judgtnente, ~wards ot dnm~~es end eettlemente hereafter made resulLing from oondemn~?tion prooe~iin~ or the
taking of the premidee or wy put tliereat ut?der the pawer dT eminept dom~ia, or for any damage (whether oauead by suah
taking vr otherwise} W the premisea or the improvementa thereo~ or any part thereo[, ar W any rights sppurtenant Lt?ereto, i
inoluding ~?np award [or oh~nge of gr~de ot etreete. Mor ui herebq suthoriaed, on behalt ~?ud ~n the asme o! Mortgagor,
to eae~ute snd deliver v~lid aoquittanoea for, and Lo ~p~mm, any auoh judgmentx or s~varda. Mortgeigee ma~y spply aIt
such sums ar sny part thereot ao reoeived, atter the paymant at all a[ it~expeneee. iaaluding ooets snd sttorneys' f~ee, on the
indebtedaeea eeourad hereby in auoh uiannar aa it eleota, or, at ita option, the entite amount or any part thereot eo reoeived
may be reie.oed.
TO HAVE A11'D TO HOLD the above an?nted and deeoribed premises to Mortg~~ee, its euooeeeors sndaas~gne forever,
a?nd Mortgagor daes hereby fully ~vsrraut the title W said laad, and wil! detend thA ssme agsinst the l~wtul alume of sll peraons
whomsoever; provided always t.hst if Mortgagnr shaU pay to Mortgagee thst oertain pmm~ssory aote abova deeoribed ~nd shsll
perform aU other r,ovensnta~ and oonditions of said promieeory aote, and ot any renewal, extenaiou or modiSestion thereof,
snd of thia mortgsge, then this mortgege and t6e eaLte he~by aresEed ahe?Il cease and be null and void.
Mortg~or [urther aovenaqta and a~^~ee~e with Mortgegee us tollows:
1. To pay sll suma inotudu'~g inLerest eeoured hereby w*hen due, as provided for in said promisaory note and wy renewsl,
exGension or modi6oe?tion thereut and in this mortgs~e, sll woh sums to be pay~ble in lswful money of t6e Unitecl Stat~ oi
Americs at Mortgagee's uforeeaid ptincipal.o~ce, or,st suoh other plaoe se Mortgagee.msy designate in writing.
2. To pay w~hcn due, and without requiring any notiee from biort~ee, ull taxc+s, ~esament~g of any type or nnture and
other ehargce levieci or a~esseil againat the premi~es h~reby eneumben3d snd praiuce rcweipts therefnr i~pcm dernand. To
ia~mediately pa,y and dischar~qe any claim, lien or cmcumbrance against e~uch premises whieh may be or beoome superior to
this rnortga.ge and to permit rio detault or delinquency on any other lien, encumbrance or char~¢e s~ainst suoh premises.
3. If required by Mortgagee, to also m~ice month!y depoaits with Mortga~ee, in t? uon-interest bearing sccount,t~o~ther
with aqd in addition to intert+st and principal, of s sumeq
ual to oae-twelttF of the yearly taxes and ssaessments whfch may
be lavied against tbe premises, and ('d so required) one-tw~elfth of Lhe ye~tly premium~ for inauranae thereon. The smount ot
suoh tsxes, aaaessmenta e?nd premiume, whea unknown, shall be estimsted b Mor . 3ueh deposits shsil be ueed by Mort-
Lo poy suoh tazes, aRSessments and premiuma when due. Any insut ~cieney o suoh aooount to pay auch charges when
ue shull be paid by Mortgeigor to Mortg~ee on demand. If, by reseon of any defsult by Mortgagor under any provision o[
this mortga~ge, Mortga~gee deolaree all aums secured hareby to be due and paysble, Mortgagee may t.hen apply any funds in
said soa>unt against the entire indebtednese secured hereby. The enforoeability of the oo~enanta relsting to taxes, assessmente
and inauranoe premiums herein otherwise provided shail not be atfectcjd except in so far as those obltgations hsve been met 'by
ec~mplianoe with thia para~raph. Mor~ee ma?y from time to time at its option waive, au~d atter any auoh waiver reinstate,
any or all pmvisions bereof requiring auc deposits, by notioe to Mortgagor in writing. Whiie any such waiver ia in elf~at
Mortga~gor shatl psy tsxes, assessments and inaursnoe premiums as herein elaewhere provideci.
4. To pmn~ptly pay all ta~ces and assc~~nents assessed ur levied under and by ~•irtue of t~ny state, federal, or municipa]
law or regulation beresfter pa,~eci, aqainst Mort~;ee upon this mort~qage or the debt hereby secured, or upuii it, intertnt
under this mortgttqe, providec} however, that the tota! sn~vunt so paid for any such t~x~ pursuant so thi5 paraqraph together
w•ith thc, interest payable on said indebte'dna~ss .~hall not excec+d the highe~t lawful rate uf interest in Florida art~l pnn~icleci
further that in the event oi the pas~e of any such law or regulation, the entire indebtedrte•s, secured b~~ this rnori,gage shall
thereupun I)ECOII10 1R1i11EYI.18lN~)' due and payable at the optiun of Mortga~ec+.
5. Ta keep the premisea inaured against loss or da,maga by fire, windstorm and such other hazards as may be required by
Mortgagee, in torm an~ amounts sata~faotory to, and 'ut insucanoe oot~pa?nies approvod by Mortgagee, the poiicies far whioh
insurancse shall be psyable tq Mort~aKee. Suah polioiaq, and abstracte and other title evidenoe, ehall be deiivercjd to and held
by Mortgsgee. Upon totecloeure of tfiis mortgage or other aoquiaition ot the~ premises or any part thereof by Mortgageje, said
polivies, absLracts and titla evidenoe shsl] bdoome the absoluts property ot Mortgagee.
6. To first obt.t?in the written oon8ent of :~fortgagpe, such oonaent to be granted or withheld st Lhe sole diseretion of such
Mortgagee, before (s) removing or demoliahing any building now or hereafter erected on the premises, (b) e?ttering the arrmuge-
ment, design or etruetura! eharsoter thereot, (c) making any repairs which involve the removal of structursl parts or the ezposure
of tbe interior of such building to the elomente, or (d) eacsept for domestia purposes, cutting or removing or permitting the
cutting end removal of any treea or timber on the premises.
7. To maintain pramises in good condition and repair, including but not limited to the making of such repairs ~ Mostgagee
cnay from time to time dete.•mine to be neaesaary for the preservetion of the premiaes and to not coinmit nor permit any waste
thereof.
S. To comply with sll laws, ardinanoes, regulations, covensnts, conditions shd restrictions atTecting the premia+es, and not
to suffer o~ permit any violation thereof.
9. If Mortgagor fails to pay any elaim, Gen or encumbrance whieh is auperior to this mortgage, or, when due, any i~ or
assesftmeat or insurance premium, or ta keep the premises in repair, ar ahall commiL or permit waste, or if there be aommenoed
any action or proceeding affecting the premisee or the title theteta, inoluding, but not limited to, eminent domsin and hankruptcy
or reorgatiization proceedings, then Mort{;agee, st its option, may pay said clsim, tien, eneumbranoe, Lax, aasessment or premrum,
with nght o[ eubrogaLion thereunder, msy msks such repsirs and take auch steps as it deems advieable W prevent or cure auch
waste, and may appe~?r in any such action or proe~eeding and retain oounael therein, and take such aotion therein ax Mortg~.ee
deems advisabte, and for any of said purposes Mortgagee may advance suoh sums of money, ineluding all costa, ressonable
sttorney's fees and other itema of exgense as ~t deems necjessary. Mortg~ee shsll be the sole judge ot the legality, validit.y and
priority of any auch claim, lien, encumbra?noe, taz, asseasment ~nd premium, and of the arnoant n to be paid in satis-
faction thereof. Martgagee shall not be held soconntable Cor any delsy in mskin,g any suah payment, whic dalay msy result in
any additinnad intereet, coats, ahargeg or expense othetwise.
10. Mortgegor will pay to Mort{~sgee, immedit?t~ely and without demand, atl suma of money acivanc~ed by Mortgagee pursuant
to this mo~tgage, including all aosta, ren,sonable sttorney's fees and other itema of expense, tc>gether with intereet on eaeh such
eedvancement st the rste of ten per cent. (10 0) per annum, nnd a11 auch sume and interest thereon shaIl be secsured hateby.
11. All sums of money seoured hereby shell be payable without sny relief whatever from any vatuaLion ar appraisement lsws.
12. If default be made in psyment of any instaliment of prineipat ~r interest ot said note or an~y psrt thereof wi~en due, or
in payinent, when due, of ieny other sum secured hereby, or in performance of any of Mort,q~or s obligations, oovenants or
agreementa hereunder, sll ot' the indebtedness secured hereby ehell become snd 6e immediately -due e?nd payable aL the opGian
of Mortgsg~ee, without notive or demsud whioh are herebp expressly waived, in wtuol~ event Mortgxgee may avail itself of
all rights and remedies, st law or ia equitp, and this mortgaqe may be foreolosed with all righta and remedies afforded by the
laws of F'lorids es~d Mortgagar shsll pay sll c,osts, charqes and ezpenses thereoi, including a rensonable attorney's fee.
13. If default be made in paymettt, when due, af any indebtednees aevwed hereby, or in performance of any of hiortgagor's
obligations, covensnts or agreement~ hereunder:
(a) Mortgagee is suthorized sL any time, vrithout notioe, 171 [LB SOIe t~tBCT@t10II EO EIIE@r llPOII AtYa LaICb ~108ti~881017 Of
the premisae or any part thereof, to pertorrn any acts Mortgsgee deema neoessary or proper to oonserve the seaurity and to
collect and reeeive all renta, isaues and proHts thereof, inaludu~g thase past due as we[1 ae those aocruing thereatter, and
(h) Martga,~ee shall bR entitled, an a matter ot atriot nght and without regard to the value or oooupancy of the securitv,
tq have a reoeiver appointed to enter upon and take possesaion ot the premises, c~ollect the rente and pro8ta thereftom snd app~y
the ssme i?s the court m~ay direct, su~h reoeiver to have atl the rights snd powers rertuitLed under the l~ws of Florida.
In either sueh usaae Mor or the reoeiver ma also tslce u
ae tgagee y poasession of, and for theee purposee use, any snd sll peraonai
property aontained in the preauaes aad used bp Mort~agor in the rental or leasing theraof or a?ny part thereof. The ezpense
(~nclucling reaeiver's feee, counsel lees, oosta snd agent s e~mpenaation) incurred pursusnt to t}~e ~owers herein c+ontained shsll
be aecured hereby Mortg~ea shall (after payment of all aosts snd eapenRes incurred) apply such rents, isaues and proAte
reoeived bq it on the indebtedness ~eeure~d hereby ir~ sueh order ae Mortgagee daterminea. The right to enter and take p~seseion
of said property, to msnage asnd operate the Rsnae, snd 6o colleot the rents, isau~ and pro8ts thereof, whether by s receiver or
otherwiye, shatl be cumulstive to anv other right or remedy hereunder or e?~orded by law, uad mary be ezereised ~ncsurrenLly
therewith or iadependently thereof. 11~iortgagee shall be Liable to acaoun~ only for such rente, isauea and prafits aatw?Uy reosived
bq Mortg~gee.
BQOK 133 ~24