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~Q~'~'a~ ~'~'1 Ytl~ll~it ~10 tlD~Allts~ b!~'ldlt~dDU 11Gd 1NRiR00t ~ONWDiW bl~OO~iOt OC i0 aQ~/- '
wiss ~hee~eun~o •pperaiaio~ u,d ~he naes, i.sue. aa~ w,oeq the~eo~. aad ~Ew al~ estata ~1~ titla interese aad aU olaim 6
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and demand whalrw~er. as wall in l~w ~ in equity. ot Mor~oe in ~ad to the e~me. includ~ t aot 6mieed w• ~
Alt rents. Pr'o8ts~ rsveaues. royaltiea. r~ts ~nd beneQts derived trom (1) arops ~rows on nid ~eeuriqr and pe~oduee ~
ot the soil otherwi~s l'~ al.g~ or miaenl leaees ot ths pr~mice~ ot a~part thee~eot. aow esiatint or her+e~iter made. ~rith tbs
ritLt Lo reoeiva wd reosipt thiretot wd app~j? ths wns to the indebt~eaae~a ~eoured heruby eitbar bafore oe dter aqy ddault ~
Lereunder. and Mort~es may deaaand, sne r~t aod reoover ~ sueh pymeats but ahall not bs e+equired w Lo do. aad (3) ull 3
olser renta. i~sues wd pcodts at the pe~emises trom time w tims ~in~. wl~ether under le~~es or baanoiea now euiatins or ~
here~fte~ oreatad~reeecv~n~ to More~g~or. horereti so lont as Morka~or is aot ia ddault herouader. the ri~ht to reoai~b snd i
rs~ain tLs ~eats. usues ~nd proflts in- olwses (1) ~ad (3) herein.
(b) Aq judenneat0. ~wards o[ dam~es aad settlemena hee+eatter m~de eesultiae trom oondemnatioa prooeedis~ or the ;
Wring ot t6s premise~ or a~ paK thereo[ under the poRer of eminent doma:n. or tor aqy dam~gs (whether dsusal b~r aua4 '
or ot6sr~?iss) to We pre~miaes or the improvsmeate tLereon or aqy p~rt thereot. or to aq~ ri~hU appurtenaat t6ereto.
iad~
u~ aq~ aw~rd for ohanae ot ~e~de of streete. Mor u heeeb~ avt6onaed. oa behaU and m ths oame ot Mortgaeor
to e:eoute and deliver ~a4d aequittanoes for. and to spp~hom.aqy aud? judganeats or awards. Mort~ageem~y ~?PPb ~ -
snoh sums or aqy p~rt t6ereot so reoeived. dter tLs p~,ymeat d~il oi ies~penees. inolndin~ oosta and ~tiorneys' tees. on ehe
indebtedness ~eauted hee~oby in suos mannar as io eleota. oe. at i4 optiooo, the entire amount ae aq~ pwtt thee+eat so reoeived '
~ m~y be reie~~ed.
i TO HAVE AND TO HOLD the sbove graaced uad desoribed premiess eo Mortgagee, its woeessors and assi~n.~ lorevar,
aad Mortgagor does hereby~r warraa0 U1e title to s~id laad. and vill deiend the aams a~ainzi the bwful o4ims of all parsons f
~homwever: Pi'ovided always tbat iS Mort~a`or ahaU pRy b Mortaag~es thst oertain Fromi~sury aote above de~arebed and sholl
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W~ mo
~tgag
t~hea~this~m
t~ga~e~.na~ th'e~esa~hereby o
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ed~shall aei e
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be ~ull
a~nd
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mal;soation s6erod. -
Mortgagor fureber ooven~nfs aad a~~ees with Mortgages as tolbwa:
1. 4b pay all sums indu intersst eea~red Lereby when dneti, as gmvided for in eaidpromissory aote and .any renewal,
eztemion or modi8a~tion th~ and in this mortg~ga. a11 suol? sums b bsp~y ~ble ia bwtal money ot We United 8fates ot
Ameria~ st Mortgagee's atoresaid prinoipal o~ce, or ~L woh other plaoe as MortgaEee.may deaigaata ia writina.
2. To pay ~vhon dae, rnd w-it6outre quiring s~r aotiae [mm Mortgag , ali tauen, aasessments d sny type or nature and
ot6er c c~e levied ~x aaseased agsinst We prewises hereby encumbered~and produoe ruceipfa tLer+etor upon deu~and. To
immedis~y psy and disehsrge any c4im. lien or eneumbranee agaiast such premises w~hinh msy be or beoome supeiior to
this mortgage and to permit no default or delinquency on aqq other liea. encumbranee or ohar~ agsinst sueh premises.
3. It required by Mortgagee, to also mal~e month~y deposits with M~tg~ m a noa-interest besring e?eoount, ther
with aad in uddition to intecest aadp~
eipd, ot a sume qu~al to ons-t~veltth at the ye~rly t~ee and asseesmenb whic~may
be levied against the premises. and (i[ ao required) one-twelith of tbe yearly pr~emiuma [~x insurenoe thereon. The ~mouat at
suoh taues. saeessments and premiums. wben ualmo~?n. shall be estimsted b l~iortgagee 8ueh deposita ahsll be used by Mor~ c
to Pa,Yaaoh t~es. aseeasmenta snd premiums ~vhen dne. A~y insa~oieno~ ot suah sooonnt to PaY such oharges whea
ue ahall bs pai3 bq Mortg~or to Mortgagee on demand. U. by re~son d aay default by Mortgag~or under any provisioa o[
this mortgage~ Mortgagee deolares all sums seo~u~ed hereby to bs due and p~ysble, Mortgagee msy then apply any fuads in
said aooount ag~i~st the antire indebtedness seoured hereby. The eniome~bilitp oi the oovenants relatin~ to t~es. assesementa
aad 'wsur~noe iwmiums here~in otherwise provided shall not be affeoted ezoept in so [ar as thoee obligsuons h~ve been met by
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eomplianoe wi this h. Mor m~q fmm time to time at its op4on waive. and dtcr any auch ~raiver reinatste,
any or sll provisions ~iee+~eot~requuing au depoaita. bY not~ioe to Mart~or in writing- . While any suoh waiver is in effeet
MortgaCor s1Wi P~Y aseessments aad insuranoe premiums as here~n elsn~vhere Pmvided.
4. To pmmpdy p?y all tues sad sssessmenls aase~sed or les~ nnder and by virtue o[ an.v atate. fedenl. or munioipsl
lsw or reg~lation hereofter pa.4sed. atraingt Mortgagee upon this mortgage or the debt herebq seeured. or upon ita intereat
uader thia mortgage, provided hovrever. thst the totat smount so paid for any such taxes pursuaat to this pa~ragrsph together
with tLe iaterest psyable on ssid iadebtedae~s shsll not exceed t6e h~'qhest bvPful rste ot interest in Florids aad prnvided
[urther that in the event of the passsge ot any such Isw or ngulation. the entire indebtednesx secured by t6is mortgage shall
t6ereupon beoome immediately due and psyable st the option ot 1liurtgagee. ~
b. To 1~eap the premiees insuredag~ns t la~s or damage by Sre. windaLorm snd auoh oWer hasards as msy beroquir~ed by
~'tartgagee. in form aad amonnts atiafactory to. aad ia insnranoe oompanies sppmved by Mortgagee. the poliwea for whioh
i~uranoe aLall be paysble to Mortgagee. 8uoh poliaes. sad abscraets and other tdb evid~nae. sball be delivered to aad held
by Moctgagee. Upon tarooloa~u~e of this martgYge or other ~equiaition ot tLeprem or an,y part t~a^~t b3~ Moctgagee. said
PoLciee. sbstesots and Ltle evidenae sLall beoome the ~bwlute propertp at D~ortgagee.
6. To Srst obtaiu the written eonsent of~iort8a6ee. suol? oonsent to be gra°ted or withheld st the sole diacreEion ot suah
Mortg~gee, be[ore (s) re~oving or demoWh~gan~ ~bw7ding now or hereeiter ereeted on We premisee. (b} allering the arraoge~ -
mmt. deaign ar straetural oharseter thereoi. (e) ma~nng anY repairs which involve We rema
~al at strnoturil parta or the e:paa~u+B
of the interior a[ snch bnildiug to Lhe elementa. or (d) esoapt for domestie purpo~es, outting or removing or permitting the
outting and removd d aa~y treea or timber on the premiees.
' 7. To maintaia premi~as in goal o~dition and repair, iacludiog.bnt not limited to the malring ot sueh repaira as :4iorlgsgee
i msy from time to time determine b be neoesca:y for the prerervs4on of the premises ~nd to aot oommii aor permi0 any waate
i thee~eot.
~ 8. To aompl~ with all laws. ordinances, regulations. oovenauta. oondit~ons and iestrictiona sQ~+.i:~g t~e premises. and not
i to suRer or permit any viobt:oa thereot.
9. U Mortgagrx fa~7s to psy any o4im. lien or enoumbraaee which ia superior to this mortgage. or, ~vhen dne. sny tu or
aeseesment or insuraaoe premium. ot to keep Wt+ premises in repsir. or shall oommit or permit waste, or it there be oommenoed
aRy aation or prooeedinB sReotine the premises or the title theteto. indu~
, but not limited to. eminenL domain and banlwptay
or reorgsniution p ihen Mortgagee. st ita opEion. mayp~q said oLim, lien. enwmbrance, tai. aesessment or premium.
~ wiW right of eubrogstion der. may make sueh repairs aud take suah stepa ss it deems advisaWe toprevent or oare sueh
waste. aad maRY sPPear in aay auch action or procaedinB and retain aounael tLereu~. and taice sucL aotion th~rein aa Mort~agee
deems advissble, and for any o[ aaid purposes Mortgagee may advanoe such sums of money, ineluding all eosta, reasonsble
attorney's tees aad otha items d e:peoae as it deems neeesesry. 'siortga~ee sLall be the aole ~udge of We legality, validity and
prioritq ot aaq such ulaim. lien. enaumbranoe. t+uc. assesament and prem~um, and d We amount neo~ary to be paid in sstia-
taation thereof. 3Sortg~gee shall not be held soeountabie any del~y in malriog aaq suah p~yment, whieh delyr may result m
any additional intereat, oost+. oh~r6'es or e:Peoae oLhenrise.
10. Mortgag~or w71p~y to Mortgagee. immedisRe~y ai?d wi~hont demand. all sume o[ money a~dvanoed by Mortgagee pursuant
to this mortgage, metnd"u~g dl oostQ, ressonsble sitorney's tees aad oeher items o[ ezpense, tqsetber vitL inLe+est on eiush sueh
advanoemmt s! the rate d Lea per oent. (10%) P~ and all euah sums and internst thereon ahau be secured hereby.
11. AII sums d money seoured hereby shall be p~ysb~ wit6ont ~ay relief ~hstever (rom aoy valuation or appraieement lsws.
12. If defanlt be msde in p~ymmt o[ any installment ot principal or interesC ot aaid note or aax part thee+eot wl~en due. or
in psyment, ~vhen due. d other sum aeaured hereby, or in~ pe~rform,noe d any of Mort~s~or a obligauoas. covenanta or
agreements herennder. all d~ indebtedneas secured h~ebq sha11 beoome and be immedisteiy due and psysble st the option
d M~rtgagee. wit6ont notioe or d~osnd Rhioh are herebY e~cPreeslY w+a+ved. in qhieh event Morigagee mas s~-ail itselt af
all rights and remedies. sL 4w ac in eqnity, snd ttis mortgaga m~y,Y be foreoloeed with all righLe aud re`nedies afforded by the
laws d Flonda and Mortg~gor shall pay a11 costa, ~sharges and ezpenses ~1?ereof. inclnding a reasonsble attorne}rs fee.
~ 13. If de[sult be made in p~,ymen ~hea dne, d any indebtedness eeeured hereby, or ia perlormsAee ot any of Mortgagos's
~ obligstioos. oovensnts or agreementa er: .
o {s) ~ortgsgee sa snthorized st aaY time. ~?ithon~ notioe, in its sole diseretion to enta npan and take poaeesmon d
the premises or aaqpar~ thereof. to per[orm aay scts Mortgage deems nec~essary or pmper to oonse~-ve ttie aeonrity and to
~ oollect and reoeive all rente, iswes and ProBta thereo[. inoln 'wd g ethoee psst due ~s well as tLoee eacruing thereafter, and
(b) Mor~g.gee shall be ~titled. ae s matter ot at~riot right aad without regard to the value or oooupaaoy of the eecnrity.
to h~ve s reoeiver appointed W enter npon and Wcepo~es~
on ot the premiaes, oollect the renta and pro6ts thee+etrom and spply
the same ae the oonrt m~ay dir+ect. anoh re~~eiver Eo hsve sll the righta and powreraperm~tted under the Lvrs d F9orids.
In eiWer snch caee Mortga~ee or the reoaiver msy also Cske poss~on o[. sad for iheee purposes use. anq aad all persunsl
P~'oP~Y oontained in the prem~aee and nsed bp Mort$agor in the reatal or leae~ng thereot or any part ibe~ed. T6e ezpense
~ (ineludwg e~ec~eiver's feee. uounael teea, ooets and agent s oompensation) inanrred p~usw~nt to the porvers herein eontained nhall
be seaured Lereb~. Mortgagee shsll (dter paym~t o[ all oo~ta and ezp~ises incnrred) ~DDtY such renes. i~nes and proflta
~ reoeived by it on the indebtedness aeo~u~ed h~eby in such order a?s Mortgag~ee determines. The righi to enter and tahe poseesdon
~ a( said property, to msoage and operste the same. and to eolleet the reats, ~sauen andproSts theneot. whether by a reoeiver or
otherw~e. s6a11 be wmuLtive to aay ~ot6er nght or remedy hereunder or af[orded by lsw, and msy be eaensised ooncu**ent~j'
s6erewith or independent~y the~~t. Mort~agee ahall be liable to aooount oniy for such renes. iaues aud proflta aetualty t+eoei
.•ed
by MortB+~ee• -
so~K 161 ~~E ~g~.
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