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HomeMy WebLinkAbout2818 "s ' : i, ~~l + , Y k TO(iETaEt.p1TH all und singular the tenemeata. hereditameats and purtenanoes thereunto Deloo~int or in aay- wiae chereuna .ppercaiuing •nd the reata, iasues snd pro8ca chereot. and ~leo ~l~the est~?te, ri~ht tiUe. interest ~nd ~ll oWm n aad demaad ~hatsoever. ad ReU !1! IaM i8 ia equity, ot Mortgag~or ia ~nd to the same. inolud?ag ~ut aot limited to: All reatr. pro8ta, revenues, royalties, ng6ts and beaeflta derived tmm (1) orope grown on raid seouri~y wd prodnoe ot 1he ~oil othenvise (2) oil.~as or miaenl le~se~ ot the premiaes or ~nypart thereot. no~r suistiag or her+eatter made. with Wa ri~ht to reosive and reoeipt Lhet~etor and ~pp~y We same W the iadebtednees aeoured hereby eithee beiora or atter ~q1? det~ult hereunder. aad Mort~gee m~,y demaad. sue fK and reoover aqy auoh p~ymenta but alull not be required so to do. ~ad (3) ~ll ' other renta, isaues and pro6la o~ t6e premises trom time to time aonnung: ~rhether under leaees ot ten~naes now ezistint oe ; heewtter oteated.reservwg to Diortgagor. horever, so bng aa Mortgagor u aot in dot~ult hereuader, the right to reoeive and : ret,~in the rents. issues wd pro8ta id oLuses (1) and (3) herein. i (b) All judgmenta. ~wards d damages and settlemeata hera~fter made resulting trom oondeana~?tion prooeedings or tbe t~kin~ ot the premises or aqy Mrt thereot under the powee ot eminent domain. or toe aqy damaga ~iohethec osused by suoh ; taking or otherwiae) to the premieet or t6e itnprovemente t6ereon or say part thereot. or to +u1y ri~ la ~PPurtenant ~b~a. inoluding any ~~vae~d tor change at gnds ot streeta. Mor ia hereby wt~honzed. oa behalt aud ia the iume o[ Mortgagor to ezeoute ~nd delive~ wlid aoquittauoes tor. and to ap~rom,aqq suoh judgmenta or awarda. Mortgageem~y ~pp~y al~ suoh sums or any part thereot eo reoeived. att~er the p~yment o[ all o[ itsespenses, iaaludiag ooeta and attorneys' feee. on tlie - indebLednees aeoured hereby ia such manner as i0 eleota, or. at its option~ the entire amouat or ~q,y p~rt thereot so reoeived m~y be rele~sed. ~ '1'O HAVB APiD TO BOLD tLe ~bove granted aad desoribed premises to Mortg~gee. its suooese~rs anda~n s, torever. ~ud Mortg~gor does herebq fully warr~nt the title to aeiid land and wiU detend the same aaainsL the I~wtul o4ims ai all persone whomsoever:provided aiways tbat it Mortgagor s1uU pa~y b~ortgagee that oertain promiaeory noce abova de~oribed snd ahall ~d~thi~s ~mo~tgag~e. ~ t~ mo~rtgage~and the~estpat~emLere~by n~ited adha~U o~ er and~'be ull~ aud void modisoscioa Wereot, Mortgagor turther ooveoaata and ~~ees with Mortgagee as foDows: 1. To pRy all wms inolu interest seoured hereby when due. ae provided for in aaidpromie~ory note andany rene~val ezteneion or modi8a?tioa th~ aad in tLis mortg~ge. all ~uah swns Lo be p~yable in l~win! money d the United 8ta?tes o~ Amerioa at Mortgagee's dores~id principal o~oe. or ~t wah olher pL?ee ~s Mortgagee-m~y desi~nate in writing. 2. To pav whon due, and withoutre quiring any notice fmm Mory~~e . alt taxes. sesessmenta of aay type or nsLure and uther c ~:avied or aseessed agsinst the premi~es hereby enoumbered and produoe reoeipts t6eretor upon demsnd. To immedihite psy snd disclurge any claim. lien or enoumbranoe against suoh premiaes whioh msy be or beoome superiur to this mortg~ge aad to permit no defeult or delinqueaoy on ~ay other liea. euoumbrsnoe or ehar~ro agsinst such ~emisw. 3. II required by Mortgagee. W also make monW~y deposita with Mor m non-intereat be~ring aooount~ to`,gether ~vith and in addi~ion Lo interest and prinoip~l= ot a smme q~~al to on~tweH~e ye~rU. t~es and aaseesmenta ~rhiob may be levied agsinst the prem~ise~, and (it w requrred) one-t~velith d the ye~dyprem iums for mauranoe tLereon. The amount ol suoh tases, ameasments and premiums. wLen nnknowa. a6aU be estima~ted b~yM~rt~a~ee 8aoh deposite shall be nsed by Mor~ gag~ee to p,y suob taze0. ~meats aad preminma when due. Any inaul9aenoy-of snoh aooonaL to psy annh ohargee when due s6s~l be paid by M~go~ to Mortgagee on demand. It. by ce~wn d aqy de[wlt by D~~or nnder any proviaon ot this mortgage. Mortgagee deolares ail sams seoured hereby to be due aadpays ble. Mortgageemy? then +PPIY ~RP tnnds in eaid aoeount agaiost the entire indebtedne~s seoured hereby. The entoroesb 'ility ot the oovenaata relating to ta:ea. ae'esaments and iosuranae pr~niuma herein othen?ise provided sh~il not be sQeated e:oapt ia so tar as thoee obligsLons hsve beea met by oomplianae with this ~~~sph. Mor~ mi?y from time to time ~t ita option wsive. and dter an,q suah ~raiver tvinrtate. ~ aqy or all provisions i'e9nirinB suo deposite, by notioe to Mort~agor in wntang. . While any sueh wa~ver ia in e~eai.. Mott~aNr eball p~y t~es. aseeeamenta aad ins~raaoe pramiams aa here~a elsewhere pronded. 4. To promptly psp aU taues and asaesnments ssses+sed or levied under sad by virLue of any atate, federsl. or munioipal ' ta~v or regulation hereafter passed, against Mortg~gee npon this mortgage or the debt hereby aeonredi or upon itB' int,erest under thia mortgage, provided Lowever. thst the total smount ao psid ior aqy auch tuee purauant to this paragraph toBether with the interest psysble on ssid indebtedaess shall not euoeed the hest law-ful rate ot interesi in Florids aud prov~ded futtber that in tLe evettt of tLe p~esage oi any such law or reguL?tioa.~ entirs indebtedneae ~ecured by this mortgage shall thereupou beoome imm~dta~y. dye aad pRy~ble ~t We option of Mort;a~ee. . _ . _ b. To keep~ the P~l~° ~°i'~aguns i loss or damage bY Sre. ~wiadstorm and suoh ot6er haa.arde ~s m~,q beteqnired~i Mortgasee~ in form and s~ounte astiefaotory to. ~nd in iosnranoe oompanies sppmved b~? Mortgagee. the polioies for wLi~6 in~r~aoe ahall be p~,y~ble yu M 8noh polioies. and abatraota and otLer title evid~noe.•nbaII be delivered to sad held by Mortgagee. Upon foreolosnre~~mortgage or other aoquisition o[ Lhe~ premises or any part thereot by Mortgagee, s~id . polime0. ~batroeis aad title evidenae aha11 beoame ths sbeolute property ot M~rtgagee- 6. To Srst obtain We writtea oonsent ot Mortgagee, suoh oonsmt to be granted or withheul st We sole disoretion at auoh Mortg~ee, betore removiog or dem~ buildinB no~v or hereafter ereoted oa the premisee. (b) altering the arrange= ment, des~gn or struotunl charaeter Wered. (a ~any i'ePs+ra which involve the removal oi struoWtal parta or the ezposure ot the interior ot suoh building to !he elementa. or ezaePt fot domestio purpo~es. ouLting or removing or peranitting We ouLting and removd of any trees or timbar on the prem~ees. 7. To maintain premiees in good oonditioa and repair. inclnding bnt not limited to the malring ~ suoh repaira as Mortgagee ma,y tmm time to time determine to be neoeesary for the preservatioa of the premises aad to noL eommit nor permit aay waete I thee+eaf. ' 8. To oomp~ with a11 ~sns. ordiniwoes. reBul~tions, oovenanLa. ooaditioas snd restriotions a8eoting the premiaea. and not II W suffet or permit any violation therea[. 'i 9. If Mortgagor fails to psy any c1dm. lien or encnmbranae phich is auperior to this mortgage, or, ~vhen due, any taz or ~ aeseesment at inauranae Premi~au, or to keep the premises in repsir. ot shsll oommif, or permit w~ate. or if th~e be oommenoed sny sotion or prooeedin8 aReat+n8 the premises o~r the tifle thet~eto. inolu bnt not limited to, emiaen; domain and bwimiptoy or reoeganiution Ehen Mortgagee. ~t ita option, ma,ppqy said~. lien, enoumbranae. tas. assessment or premium~ wiEh right ot anbrogstion er. msY make suoh repaies and take weh steps as it deema advisable toprevent or aure such waste, andmsy sPP~ ia any snuh aation or prooeedinB and reta~n oounsel therein. and tate suoh action t~ r~uir 'n ae Mortgagee deems advissble. and for say of said purposes Mortg+i8~ ~4Y advanoe anoh sums of mone~. inoluding all oosts, reawnable I attorney's fees and other itema d expenee as it deems neoensary. Mortga~ee ahall be the aole ]ndge o[ the l~gality. validitq and ~ priotity ot aay saeh aLiim. lien. enoumbraaae, tas. a~msment and premi~m. snd d the aanount neoesssry to be paid in wtis-~ faotion thereo[. Mortgsgee shali not be held'aooountable for any dela~y ia malonB iRY ~ P+Yme~?t, R'hiab aeVY m~Y result in any sdditional interest, oosts, chargas or eiPea~e othernri~e. 10. Mortgag~ot rvi11p~y to MortBagee. immedistel3' ac?d wit6out demand, all aums ot money advanoed by Mottgagee pnrsuaut to this mortgag~e, inoluding all oosts. r~e~onable attorney's fees and other items ot ~pense. toBether vn~th intet'est on eaah eneh advaaoement ~t the r~?~e ot ten per eent~ (10%) Per aanum. wd all suah suma aad intereet thereon shall be aeoured hereby. ~ 11. All sums ot money eecnred hei'eby shall be WY+~Ie ~vithont any relie[ wbatever tmm any valuation or app~caieeuent Isws. 12. V detsulL be msde in p~,Yment ot anY installment d p!'in'cipal ~r i°Lerest °i °°id note oraoy part thereof wt~en dne, o; in pa,yment, ~hen dua of aay ot~6er sum seeared hereby, or in~ performanoe ot aqy ot Mortgag~r'a obligsUona. oovewiata or agreemeats hereunder. all d the indebtednees secured hereby ahW beoome and be wnmedistely due snd payable st the option o[ Mortgagee, withont notiee or demand whioh are hereby ezpressl wsived, in wLioh event Mortgagee msy avail itselt ot all rights aud remediee. sL ls~v or in equity. snd thia mortgage mqy ~ foreeloeed ~vith all rights and remedies aRorded by the b~s oi Flonds and Mortgagor shall pay all oosta. ah~rges snd e:penses thereot. ineluding s reaeon~ble attorney's fee. ~ 13. If detault be made in psym~t, when dae, d any indebtedneee seoured 1~ereby, or in performsnee ot aqy d Mortgagor's obligstions, oovenanta or agreements hereauder: ; (s) Mortgag~ee is wthorised st aay time. ~vithouE notiee„ in ita sole disoretion to ~ter upon and taka poeeeeeion ot ~ the premises or wypart, thereot. to per[orm sqy sats Mor deems neoeeear9 orpro Per W oon~erve Lhe eeourity snd to eolleot and rec~eive atl renta issues aad pm8ta thereot. malu~tl?ose psst due as well as those aooruing thereafter. and ~ (b) Mortgagee shall be entitled. as s mstter of atriat right and withoui regard to the valne or ooaupanay oi the seauritp. to have s reoeiver ~?ppo~nted to ~ter u n and take on o[ the premises, coUeot the renta aad proflt~ theretrom and appty te po esperm~ ' the same as the oourt m~ay d~reot, enoh reoeiver to ve all tbe rights and powers tted under the l~wa of Fiorids. In either suah oase Mortga~ee or the reoeiv~ msq alao talce poesession d. snd oi r theae purpoees uae, any and all Person~l proPerty oontained in the pr+em~sea aad used by Mort~agor in tha rental or Ie~ain8 the~eo~ or aay Wrt thereof. - The ezpense (~ncludmg reoeive~s teee. oouorei [ees. oosfa and agent s oompens~tion) inaan~ed pnrawnt to }6e powera hereia eoatained ehall be seeured hereby. Mortgagee ehall (dter WlYmen~ of sll oosta and expensee inaurred) sppl~ snah rents, issuea and pro8ta ~ reoeived by it on the indebtedne~ secured hereby in suc6 order as Mortgag~ee determ~nes. The nght to enter and Lake po~eeuon ot said ProPerty. to mannee and oPe~'ate Lhe same. and to oolleot the rents. issues andpro Qts thereot. whether by s reoeivee or othenviee. shall be oumubtive to other nght or remedy hereunder or aQorded b law. and msy be ezerBiaed concun~ently ~ tLere.vith or independently eheceot~ortga~ee aha11 be lisble to sooouat od~y for w~reab, iisaee and proflts satu~il~y rvoe~i~ed d by ~ R . . . s~K~.65 ~~~~28~.5 . . ~ . - - x ~ a: ~ - . ~ .