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Home My WebLink About0395 . _ . ti, ~ - • , , • TOGBTUSt RITB all end ainguler the tc~nements, heraiitan?enta snd sppurteniu~oes thernunto belonA?ing ur in any- w•ise thereunlo appertaini~~ aud the rnnls, ~~,ues and pn~fita thereuf, and also all the estate, rigl~t, title, interrst and sll clauu and d~~mand what~ever, ss well in lnr?• sK i~ eyuit~•, uf \1urt~agur in and to the same, including but not limite~l to: (e) aU rents, prot3ts, rn~•enue~c, ro~•altiaK, rights tutd bc~nofiis dcvived frum (1) en,ps grown u~ wd secu~ity and prafuoe uf ihe suil olherw~i+e (2) uil, ~a~ ur mine~al leaces ut the preinise+ or an~ part themot, nuw• ex~stiug or hemafter ms~le, with the ri~ht t~? nrE~i~•F and nr~~ipt ih~•rNfor and applv thf• ~amt~ tu the indebte~lnt:~~ s~.run~l hc•rebv ~•ilhrr brtum ur nttNr am• Jefault hrrnunder, and ~lortga~.r iuay drmand, sue ~or and nru~•or su~• such payn~rut. but +hsll nut bu n~~wn~l w w du, an~i ~:i) aU oth~r renta, issucv snd pru6t.~ of the premisc~ from time tu tiupo acorwng, w•hether und~~ lea;c~v or tenancic~ nuw~ exi:~ting or hereafter oreatect, rv.vc~ning to ~1ortga~or, however~ e~? lung s~ \iorigagor is not in detault hereunder, the right to ruceive ~u?d rntain the reats, is~ues a~ul pn?fits in otsux~ (U aud (3) herein. (b) AU judgtuenta, sv?srds o[ dt?mag~ and seUlements heredler mecle resulting from condeuinatiun proceedin~a or the taking ot the premi~ o~ any psrt thereut uader the puwer ot e?uinent domain, or fur any da~nage (w•hether eaused by~ such takin~ or othcrw•isel to th~ prenuses or Ihe impnn-en?ents thereup or an~• part thcrnuf, ot to an~~ r?ghts sppurtenant themto, inclu di~~ an~ swsrd fo~ eha~~e of' grade ot streets. riurtga~ee is hereby authorized, on behult and in the name ot 111urtgagor, to extrute and deli~•er ~•alid sequittance:; [ur, and tu appeal trum, anv ~uch judRinents or avranis.. ~lortgagcr may spply all ' such siuns or anv pt?rt ther~~~f .o rei~eivcYl, after the ps~•ment ~~f all uf it~ expense~, includinR cust. and alturne~~s-' fcrs, un lhe indebta~inEw. u~curcd hereb~• in such manner as it elects. ur, at its optiun, the entire au~uunt ur any part thereut su rece~~•ud rusy be reteased. TO H~VB AND TO HOLD the sbove granted and describ~vl premi,~ to ;~iortgagee, its succ~~.u,rs and asvgns, forever. and \lortgagur doeo hereby tullv w•arrant t6e titie to said land, and w•iU detend the ~ne against the lawful clein~s of all pe~una whom~oever; providecl alwsvs t~iat it ~iortgagor shaU pay to I?iurtgsgee that certain prum~s~on note above described and shall perform all other oovenants and a~nditione of said pmmis,ury nute, snd of any rnnew•al, extensiun or modi8cation thereof, and ot this martgage, then this mortguge and the estate hereby created shali cease e~nd be null end void. 2~iortgagor further covenants and agrees with Diortgag~e as follows: I. To pay sl! sums including inlerest secured hereby w•hen due, as pro~rided for in said promissory note and any• renewal, extension or mod~flcation theceo( and in this mortgage, ell such sums to be payable in lawful money oi the United Statc~s ot America at 14iurtgagee's ator~aiJ principal oA'ice, or at such ot6er plaoe as Driortgagee msy designste in writing. 2. To pay w•hcn due, and w•ithout rc~ uiring ana~ nMice from \lurt~ee, alt taxu~, a~ses,ment, of any tt{x~ or nature and other c1~arRes le~•ieci or a~+~5utii a~?inst tt~e pren?i,r:i hemLy encun~6ered aud pnrJuce rec~•ipts th~refur upun d~~usnd. To in~n~ediat.~l~ }?ay and discharg~ an~• claim, lien or enewnbrunce against such pren~i,es w•hich ma~• be or becY,m~ superiur to this mortQago and to permit no detault or delinyuenc~• on aay other lien, encun~brance or charg~ against such pnmi~. 3. I[ required bv Mortgsgee, to slso make monthl3 deposits vvith Mortgagee. in a non-interest bearing t?coount. tugether with end m addition to intet~est and principal, of a sum equal to one-twelft6 ot the yearly taxes and asscnswents which msy be levied against the pren?ises, and (it so required) one-tKelfth of t6e yearly premiums for insurance thereon. The amount of suoh taxes, assessments and premiums, w hen unknown, shall be estimated by 111ortgagee_ Such deposits shall be u~ed by D1ort- gagee to pay suah tsxea, a.ssesaments and premiums when due. Aay insutFioienc ot such account to psy such ohsrges when S8 8 due shsll be paid by l~iortgsgor to Mortgagee on demand. If, bv reaeon of any efault by Mortgagor under any prov~sion of thix mortgsge. biortgagee declsres all sums ssecsured hereby tu be due and psyable, Mortgagee may then applp any funds in said secount against the entire indebtedness secured hereby. The enforoeability ot the oovenants relating to ta~cas, ss4essments and insuranoe premiuma herein otherwise provided shell not be affected except in so far as those obligstions have been met by oomp4snoe with this puagraph. ~1ortgaqee msy from time to time at its option wsive, and after an~ auch v?ai~•er minstste. sny or sU pror•isions hereof requiring such deposits, by notioe to Mort~agor m writing_ R hile any such asiver is in e8eot 111ortgagor ahall psy taxes, as~eastnents and insuranoe premiums ~ here~n elsewhere provided. 9. To pmmptly pay sll taxes and asyessments assca~cd or levied under and by virtue of any state, fcderal, or municipal law ur rr~ulatiun hereatter passed, aAainst Diort~ee upun this inortgage or the debt hereb}~ se~cund, or upon its interest under tLis ~uortgaRe, pn,vidc~l how•ever, that the total an?ount paid [or any such tases pursuant tu this paraF,~raph t~~ether w•ith the intere.t pacable on said indebte~lnes.s shall not exeeed the Lighc~t laK•[ul rate of intere.t in Florida and proc~dcvl further tLat in tho ev~nt of the pas,a~e of an1 such law• or ngulation, the entire indebtedness ururnl by thix murt~age shall thereupun t~eeomo i~nme~iiately ihie and payablv at the optiun ut ~lurt{~aPee. 5. To keop the premisea insuredega inst loss or damage by Sre, windstorm and suoh other hazarcls as may be required by 3tortgagee, in torm and emounts satisisetory to, end in insuranoe aompaniea approved bv Mortgagee the policies for xhich ia5ursnoe shsit be payable to Mortgsgee. 8uch po~oies, sad abstcaots and other title evidence, shall be delivered to and held by lfortgagee. Upon torectosure of this mortgage or other acquisition of the premisea or any part thereo[ by Mortgagee, said ~ policies. abstrsets and tille evidenoe shall becx>me the absolute property of ~tortgagee. ; 6. To Srst obtain the v~ritten oonsent o; l~tortgagee, such consent to be granted or R-ithheld at the sole discretion of such DZortgsqc+e. before (s) removing or demolishing sny building now or hereafter erected on the premises, (b) altering the arrsnge- ~ ment, d~~~ or atructural oharacter thereot, (c) maku~ any repairs which involve the removsl of strvotural parts or the ezposure 's ot the interior o[ such buitding to the elementa, or (d) eacept for domestia purpose~, cutting or ren~oving or permitting the • outting and removsl of any treea or timber on the premis~v. ~ 7. To maintain premises in good condition and repsir, including but not limited to the makitu; of such repairs as Mortgagee t may fruni time to time determine to be necessary for the preservstion of the premises and to not commit nor permit any w•aste thereof. ~ S. To a?mply with all laws, ordinances, regulations, c~ovenants, conditions and restrictions a6ecting the premises, and not to suffer or peru»t sny violation thereof. ~ ~ 9_ If 1liorlgagor fails to psy any claim, lien or eneumbrance which is superior to this mortgage, or, when due, any tax or } agsesamont or insurance premium, or to keep the premises in repair, or shall commit or permit Kaste, or if there be commenced s eny action or proceeding affecling the premises or the title thetoto, ~ncluding, bat nat limited to, eminent domain snd bankruptcy s° or reorganizstwn proceed~n~s, then 1ltortgagee, at its option, may pay said claim, lien, encumbrance, tax, t~~+essment or premium. ~ with right of subroqation thereunder, may make such repairs snd take such steps as it deems advisable to prevent or cure such w•axte, and msy appear in any such setion or proceeding and retsin oounsel therein, and take such action therein ss Mortgagee s deems sdviseble, and for any of said purposes biortgagee may scivance such sums of money, including all ~osts, reasonable ~ sttorney's (ees and other items ot expense as ~t deems nec~+ary. Dforigagee shall be the sole judge of the legalit~ ,~•alidit}• and ~ priority o[ any such elaim, lien, encumbrance, tax, s~sessment snd prem~um, and of the amuunt necessary to be paid in satis- ~ (setiun thereof. biortgagee sha11 not bo held accountable for any delay in making any such payment, w hich delay msy result in any sdditionsl inter~t, costs, chargee or expense otherv?ise. ~ 10. b'Iortqagor w•ill pey to :ltortgagee, immediately and w ithout demand, sll sums of money ad~~anced by ~lortgagee pu~auant ~ to this mortqage, mclud~ng all coata, rea++onsble attorney'a fees and other items of expense, together with interest on each such ~ ad~~ancement et the rate ot ten per cent. (10 i) per e?nn+~m, and all such sums and intere+t thereon shall be secured hemby. 11. All sumy of money secured hereby shsll be payable without an~ relief v~ hatever trom sny ~~aluation or appraisement law•e. 12. If dt+feult. be ma~le in payment of any installment of principal ~r interest ot said note or anv part thereo[ v?1~en due, or - in payment, when due, ot any other sum secured hereb3•, or in performance of an} o[ ~fortgagor~s obligatiuns, covenants or ag~eoments hereunder. all of the indebtcdness secured hereby shall become snd be immediately due and pa}•able at the optiun ot Dtortga~;ee, without notive or demsnd w•hich are hereby expressly aaive~J, in which event ~Iortgagee ma3 avail it,;el[ of ~y all rights snd r~inedies, at law or in equity, and thi~ morigage rusy be torecioseci with all rights and remed?es a~orded by the lawe o[ Flori~is aad ~lortgagor shall pay all costs, charges and expenses thereof, including a rea~unable attorney's feE. - 13. If detault be ma~1e in payment, when due, of any indebtednps securcd hereby, or in performanoe of any of :lfortgagor's c?bligatiunR, covenants or aRroements hereunder: - (a) MortQaq~e is suthorized at any time, without notice, in it3 sole discretion ta enter upon and take possession of ihe premi~c~s or any part thereof, to pertorm any acts ~iortgagee deems neccssary or proper to con;en•e the secuntr and to cullect and re•ceive all rents, iasuea and pro6ts thereo[, includmg th~se past due as w•ell as those accruing thereafter, and = (b) bfurt~Ca~~r ahall be entiUed, t~ s matter ~d atrict r ht and without re~ arcl to the ~•alue or ocen ancp of the securit y~, ~ tu ha~•e s r~r,~~iver appointcrl to enter up~n and take pu~~ion t the premises, cx~lleet the rents and profits therefrom and applj thc+ KamF a.~c the court may direct, auch receiver to have all the rights and powers permittcxl under ihe laws ot Florids. _ In Fith~~r ~uch ca~e :~tort{~aQc~ or the recei~er may alw, take po~.~es~ion of, snd for these purposes use, an3~ and all personal _ pruperty cuntainevl in the prerni~ and usc~cl by 1lortga~?r in tne rental or leasing thereof or any part thereoL The ezpense (~nclu~linR rt~e+•iver'~ fc~c, coun~el fcr~, eowts and a;;ent's cumpe~i~atiun? ineurred pursuant to the pow-ers herein eontained ahall +es tx+ u~cu~~+l hc•reby. ~iortKa~ee ahall (after pay-~nent ~~f all cost. and expen.~ incurred) apply such rents. Iti3UEY+ blld P~S~9 ~ rfrNi~•txl by it un th~• in~lebte~lnc~s.v ~sc~cureci hereb~• in such urder a~ ~furtga~ee determines. The rir;ht to enter snd iake possessiun ~aid propPrtv, to mana~n+ and operate the aame. and tu c,rllect the rents, i~sues and pro8ts ihereof, w~hether b} a recei~•er or "a ~iihpr.~~~~e. xhall i~e comulati~•e t~ ant• ~~thPr riQ}~t or mmcxl~• hereunder or aHonled b}- law, and roar be exerci~eci cuncurrently - thr.rew•ith ~~r indepen~tontly~ thereo[. \i~~rtgagc~ shall be liabie to ucoount only tor such rents, issues and pro&ts actuall}~ received = by ~furtgag~. ~ ~f ~K ~ ~ f~ ~ ~ na ~ ~ i ~ ~ ~ . _ s-i~ ~ ..Hw....._.. _u ...xe.v~f.a,., . . . . 1. . ~ :x'~:~~