HomeMy WebLinkAbout0459 asd tDdl peciorrq comply wit6 aad abide br euA sad .cvsrp t6e stipulaaoos~ a~~eemeaa~ coaditioa~ and ooveaaoa ot ~aid
pcaaiaory aote ot nota aad of t6i~ decd~ t6ea t6it deed and the aate ~he~eb~ ereated shall aase and be oull wd ~ad.
l. T6e Mwtga~or 6ereb~ covenana and a~~ea:
(a) To pa~ all and sin~ular t6e p~iacipal aad iatereu aad a6e~ •um~ of moaey .ccuced b~ ~bis deed. promptly on t6t
dap rapce6rely the wne x~erally btcome dua .
(b) To par all aad sineula~ t6e tua, a~sessmeab, le~ies~ Gabilitie~, obli~adow snd cacumbraaca ot e~eq camn. o0
said dacribed propectr eac6 aad eveq~ and if the ~ame be not oranptly paid t6e Mortga~es mq u any time pa~ tL~
aarne witbout wai~ins or affating the option to forccbx or anr right heteunder snd e~ery paymeat w msde ~6alt
be due fran t6e Mortgagor oa demaad and s6a11 bear iate~at f~om tse date of paymeat st t6e ~ate of 10~ per
centum pe~ aonum.
(c) To pa~ all and sin~ular the casts~ c6arga aad esyeo~a, iacludin~ lawyets' fea aud abstraet oow rea~oaablr in-
eurnd or paid at an~ dme br the Mort~agee because of the lailu~e oo t6e part of tse Mort~a~oc to pedorm, canpir
with aad abide br eac6 aad e~eer the uipulatioos, a~reementti oonditioo~ and eo~enanb ot ~d promi»oqr note or aota
and thia deed, o~ either, and to pay suc6 reaaoaable attoraeys fea, aosa and e:penscs as mar be iacurred by Mortgaga
in coanection wit6 anr praeeding or proposal for aequisitioa fo~ pubUc we of al! or ao~ part of the pmpert~ eoewnbered
ay tsi~ mort~age by condemnatioo or ot6erwise. and every such payment sball be due ft+wn t6e Mort~agvr on danand aad
sball bea~ interat fraa ths date of psyma?t at t6e rate of 1 ~ per ceotum per annwn.
(d) To kap t6e mortgaged propertr nuw or 6ereafter on said laad imured sgainst loss by firc. ~indstorm and sucL
otbcr tasualda as mar be rtqnired by Moetgt~cq in amouna and io a companr or oompania ~atisfactop to tbe Mortgagce
and t6e poGcr or poliaa shall be 6eld b~ aad pa~sble to tbe Mortgagce. In the e~ent an~ sum of mone~ becoma pa~able
under suc6 policy or poliaa, the Mortgagce sball 6a~e the optioa to recei~e and apply the samc on account of the indebted-
nas 6enb~ secur~d. or co permit t6e Mortgagor to rccei~e and we it o~ anr pa~t tLereof for aher parposes~ wit6out t6ereb~
waiving ot impairing any equitr. liea or rig6t uader or by virtue of t6is deed. and the Mortgagee mar Place and pa7
for such iosurance or any part thereof wit6ont wdving or affectiag t6e opcion to foralos~ or aay right 6e~eunder,
and each and every such pa~weat ahall be due fran the Mortgagor on demand and s6a11 bear iaterat from the date of
paymrnt at t6e nte of 10 per centum per annum.
(e) To tap the mo~tgaged propcrty at all tima in good order and repair~ and to permit, coma~it or suffer no waste~ im-
pairment or deterioration of ~aid propertY or any paR t6eaof.
(f) To perform~ oomply wit6 and abide b~ each and eveq t6e stipulations~ agreemrnts. oonditions aad rnveaanta in
said promissoq note or oota and in tLis deed ~et lortL.
(g) Thac if anr of sa;d sums of moner 6erein referred to be noc prompct~ and fully paid within thirty (30) ~
days aert after che same se~erallT become dae and papablq or if eseh and erery cLe uipulaaom. agreanmt~ aon-
ditioos and co~enanb of said promissory nae or nota aad tLis deed~ or ather~ ue not fuly performed~ aompGed wit6 aad
abided br~ t6e wd aggregate sum sccured br t6is mortgs~e ~6a11 baoome due and payable fort6wit6 or t6ereafter at t6e
- option of t6e Mortgagee as fully and completel~ as if t6e said ag~re~ate sum was originally uipulucd to be paid on sucL
day. anrt6ing in uid promis~or~ note or aota or hereio to the ooatrarT na~ith~tanding.
(L) That in order to aocelerue t6e maturit~ of the indebtednas hereb~ secured, becawe of tbe faiture of the Mort-
gagor to pa~ any tu. assasment. liabititp, obligatioa or encumbrance upou said propertr. as herein pmrided. it s6a11
aot be naasary nor rcqnirits tLat the Mortgagee s6a11 fint pa~ t6e same.
Z. T6e Um hereof aLall eumd to snd include tbe we. rents and pmfib of said mortgaged property. b~ the Mortgagor shall
6a~e t6e rigLt to remain in pooasioo. ~jo~ the u~ and receive the renn and profib tbereof~ witLout acaouoting to tbe Mort-
gagce therefor~ so ba u t6ere shall be no ddault heceander. pro~ided tbat in t6e e~ent of any suc6 defanlt Lereunder for a
of thirty ~30) da~~ tbe Mortgaga s6a11 be mcided to t6e pos~esion and use of said mortgaged propcrtr.
and to raei~e and apply the net reab and pmfib thereof. up~ aad toward t6e papment of t6e indebtedaes~ 6erebr saurtd.
~ 3. In t6e evmt tLere shall be Slcd a ccmplaint to foreclae this deed, the plaintiff sLall immediuely and witLout notiee be
entitkd to the appantmmt of a reoei~er for tbe mortga8ed Property and the reots. earnings, iasues~ income and pm~n t6ereof.
wit6 the nsual power of rud~en in suc6 casa. and sucL reoei~er may be oontinued in pasasian of said pmperty and of sald
~eab. tarnin~ isua. iacome and profits of said pmperty during the pendmcr of such fortclosurc swy and the Mortgagor Lero-
br specifically waiva the right to objat to suc6 appointmeat and oonxnb that suc6 appoiaanent shall be made as an admitted
eqniq and as s muter of abwlute right to the MortgageG and wic6out refereoce to t6e adequuy . or iaadequacr of t6e ~alue of
tLe mortgaged pmperty or to t6e sohenc~ or i~ol~enc~ of t6e Mortgagor or any ather part~ defmdant to suc6 soiG •
4. In tLe e~ent tLe ownership of t6e rnortgaged property. or any put thereof~ becoma ~ated in a penon other t6an
tbe Mortgagor, tLe Mortgagee may. ~citLoat notice to t6e Mortgagor, deal with suc6 succasor or succason in iaterest wic6
refermoe to tLis deed and the debt Lerebr secured. in tbe sarne manner u witL tbe Mortgagor without in any ~ray ~itiating
or dischsrgiag t6e Mortga~or s liability hercuadcr or upoo the debt 6erebr securcd. No sale of the propaty 6ereby mortgaged
aod no forbearanse on the put of t6e Mortgagee, and no ernasion of the time for the pay~ncnt of the debt hereby secured , #
gi~en by t6e Mortgagee s6a11 opente to rclease, disc6arge, modify, c6aage or affect t6e original lisbility of the Mortgagor
6ccein atber in w6ole or in part.
S. Z~e lim of this deed seeura and shall eoatinue to securc paymrnt of said indebtednas or indebtcdnesses, ho~se~er
e~ideneed~ w6et6er by said promissoq note or nota or an~ rcnewal or eztmsioo tLereof or suMtitute therefor~ or ot6erwise~ until
all sac6 indebtedae~ s6a11 6a~e been full~ paid.
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6. The Mortgagee shall 6a~e the rig6t to enforce the lien of t6ia mortgage agaimt all of t6e mortgaged property and to cauae ;
dl of uid mortgaged property to be sold for paymeot and satisfaetioo of anp daree of foreebsure wit6out aoy rig6t of Mortgagor ~
or tbae elaiming aodu Mortgagor to any man6alling of Uens, aoneraaow of ~ecuritT or ot6er similar rig6tt or rcmedia.
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~ 7. Ia tLe wmt damaga are awarded for t6e taking of. or iajury tor t6e mortgaged property under t6e power of emineot ~
damain or otberwis~ all sne6 damaga ~6aU be paid to and recei~ed b~ tbe Mortgagee to be appGed aa s papment upou sneh patt
of the indebtcdnen 6ereb~ ~ecured. as the Mo~tgsgee ma~ elca, without affating the amount of, or time for payment of. anr otLa
in~tallmeaa required 6eminder. wha6er or not such indebtedaas to w6ic6 suc6 damaga ma~ be applied 'a then due snd p~yabla
~ i. That if aqy udon. or proctedin~ s6a11 be cammwced by aar person ot6er than the bolder of t6i~ rmrtgage (ezeept an
acdon to foralwe t6is mortgage, or to oollat tbe debt secared tberebr) eo w6icL sction, or proceedin` t6e 6olda of tluw mortgage
is msde a partr. or in w6ich it s6a11 bewme neeeaarr to defeod. or upbold. t~e liw o~ t6i~ morcgage, all sums paid br the LoWer i
of this mortgage for tDe ~pen~e of an~ litigstioa oo ptaecnte. or defead tbe rigLb and licns created by this mortss~e (includins ~
rsaonable attorne~s' fea)~ s6a11 bc paid b~ tLe Mort~or ao demaad, togetLer wit6 interat tLercoo, at t6e rste of ln~° ~
per oeatum pa amnm, and sn~ s~xb sam. aad t6e interat t6ereon. ~hall be secwrcd b~ tbis mortgase.
9. T3is u a flr8t mort~ upon t6e dacribed property.
aooK ~.4~ 458 .
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MHR3HON, SAwYER, JOMNSTON, DUNMODY • COLE, FIRiT NATIONAL BAHK BUILOING, MIAMI. FLORIDA ~
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