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Home My WebLink About0264 Tbs MOii'PGAGOR does hareb~ oonrant and asrw Ritb tl?s ssid MOATGAGES as follow~: FIRST: Tbat aaid D[ORTGAGOR arill pa~ to s~id MORTGAGES tha note or obli~ation heseiabator~ r~t~sred to and ths indebtednees and intarost evidenoed tl~ersb7. ~ud all otber sams stcnnd har~eby. eacb and srar9. P~PW~ OpOD L11! dtyi l03pAC~~lI~ tD0 6~IA~ !!Y!1'~Uy bOCOID~ and will dnt~. PromPW. and fild compl~ witl~. keep and ~edornn all ths coveaaats aad a~e~eementa in add aate or obli~atioA aad ia this mortga~e in msnner aad iwnn as tDerein sat ont; and witl not oommit or soifer aq~ impsirmenk deterioration or waste oi tsid mort~a~ed propert7, and wiU pa~ sU coats. cl~srg~ss, and ezpeases. iaeladinr ~ reasonsble attorneys fes. whicb tbs 1[08TGAG88 ma7 incnr +n eollectin~ any snm henby secnred. in eniarcin~ aq~ carensnL hatsia ccataiirad ot in proteetiat tM ~eeuriLT ot tbs ~OSTOAGEE. whether b~ anit or ot6eraies. SSCOND: So lonp as ary ai the indebtedness hereby secund sball remain ontstanding and nnpaid, ths MO1tT- GAGOR agrees to keep aaid prcperty and improveaneab in eood conditioA and repsir. to ~era~it the HORTGAGES to enter npon and inspect aaid mort~a~ed propert~. to promptly snd idthin~ly comply with aud obe~ all Lws, ralea ~ad ordess oi e~ dnly eonstituted Qo~erarnenW antLorit~~ and to ps~ as tho sar,ie Decome due sad payaWe s11 taues and ; assessments and other chseges that ~w be le~ied or assesaed upon or aYainst the aaid PioPert7. or whlels may bs im- ~ posed upon the MQ1iTGAGSB in Florld~ b~ reasan ~ t~is mort~aRS investmen~ or apon tbe aiort~a~e or obli~ation accompauying tl~e same, or ths debt bereby seenred. as walt xs any speciflc mortga~s tu now or henatter impaod b~ ~ l~w in Florid~ upon aaid oWi~ation or this mortQa~e; ~nd also to p~ all other debts. obligsUoas or claims that mp ~ become liens upon or chasge~ st~tnat add propart7. whev?er for regsirs or for improvements that sre now, or t6at ma~ hereafter be made ttiereon. or otherwr~se. snd not to i+ermit any lien to aceras and remsin on sdd P~PaI'b' ~ W P~ thereoi. or on the impro~ements npon the aame, ahieh might taka precedenes over tbe liea ot this mort~a80. ~ deposit, with tlrs MORTGAGEF.,, all reeeipM or other satistactory evidence ot the psyment of tues, as~ents. chargea. c4ims and lieus ot Raq natnr~ aLi~cHHns or which muJ? affert the abo~e desc:it~ Pi'oW~7 ~~?n7 P~ ~t'~ THIRD: UP~ tbe ia~nrs by the MOIiTGAG08 to psy any oi aaid tues or asseaameats aa tbs sams becoane daa aad payabis. or tha passs8e by ths State oi any Lw imposinR psymeat af the w1Mle or sns portion o! at~ ad tbe taie~ or chsrge.s aforesaid upon the MORTGAGE$ os npon the rendering by sny Conrt oi last re~ort oi a decision t6at an nndertaking by the MO~TGAGOB as herein provided to pay tazes. aaaesnmenta or chargea. aa aforesaid. is legaily in- ~ opentive, or in the eveat oi the p~sssge oi wn~ 3tate or Federal lsw deductinR fe'um. the valne o! lands for the pnrposs of Lution any lien thereon. or changing in an~ way the lsws ior ths 4ution oi mortgages or debta secured by mort~ gage. or tbe au?nner oi tLe collection oi sn~ aaeh tazes so as to prejudice or aRat this mortgage. th~ and in an7 sn~h avent the debt herebT a~ir_~, xithont dednction, absU, at ths opuon oi the D~OItTGAGEE. becoms immediateIY dus and collect~le, notwithstanding anyth{ng eonteined ia th~s mortgage or any Lw heretoiore or heresfter enuted, or any judicial decision haretotore or hereafter ~adered. ~ FOURTH: Ths MOIiTGAG08 herein inrther age~ees to keep eaid impmvements on the sbovs deacribed Pi'oPe~7 unceasingly insared aQainst loas by fire, with eztended coveraBe, and ii reqnired, aar dama8e to the eztent available, in aome nliable insurance company or companies~ and in su amount aatiatactory to the MORTGAGE7s', nntil the in3ebt~ ~ edness hereby secured is inlly paid; all policiea to be written in auch form aa astiafactory to the MO$TGAGE$ and to contain mortgage dauaes aatisisctory to the MORTGAGEE. to be depasited witb the MORTCAGEE, yremiams pdd. and ~ the loss (it any) to be payable fo the MORTGAGEE as its interest may sppear. T'he MORTGAGOB slao at~rees to ~ deliver all reaewat poIicies. preminma pa~d, to the MORTGAGEE at its oifics in Tallahas.qee. Florida, at leaat three daya before the espiration oi tha old policiea. In ca~e o! loaa and payment by any insnrance rnmpany. the amonnt oi the ~ inanrance money paid ahall be applied either on the indebtedness aecnred hereby or in rebnilding or reaWring the damaSed pmperty as the MOBTGAGEE may elect. ' FIFTH: And in the event the MORTGAG08 lails to repair or insnre aaid properly or to deliver the polkies. ' preminma paid, sa berein agreed. or to pay. aa the same becomes dne and payable, the tazes. aaaessmenta or chur8es ' ; which ma~ be aasessed or unposed as afozesaid. os the liena or claims which may acerae on said property. ths MOBT- ; GAGEE is bereby authorEzed at its election to repafr eaid propartY and pay for tbs cost oi sach repaiis, to insurs aaid P~PertY ~ PsY the caat oi aach insmrance, and alao to uaY asid ta~ces. ss~eaamenta, ehu'ges. liens. and claims, ; or any part thereol. withont said M08TGAG~S waiving its si8ht o! foreclosare or any other right bennnder, and tbe : MOBTGAGOB Lereby agrees to retund on demand the anm or a~os so paid. wiW intereat thereon at the rate o! eight " ; per centnm per ann~ry and any and all cosb, chsrges. attorney's fees, and other e:pensea incnrred in attempting to i collect tbe aaane or enforee psyment thereoi. and this mortgage shall ehad aa eecnrlty tlierefor: snd any snch eum or ~ ~ snms so v~+d ahall become a part a! tlie indebtedness hereby secured. t SIRTH: And the MORTGAGOB dcea henby trana[er, aet over, assign. and pledge to the MORTGAGES alI leases now or hereafter placed npon esid mortgaged pmperty or sny part thereof. and dcea hereuy corenant and agree tbat, in We event oi s deisnlt nnder anY oi tl~ covenanb and Pmvisions ad this mortgagej the-~OIi'1'GAGES is hereby . anthorized and empowered to coUect and receive all anch rents, isanes. ineome and profits due and to become dae Yrom snp ~u!d all tenanta nsing or oocupying asid property. or any psrt thereai. and to aPPly tbe sama againat sny indebted- 'I nes~ aecured by this mortgage. 30 long as there shall be ao defanlt herennder. tbe MOIiTGAG08 aball bave the right , to colleet. receive and ns0. witbout aceounting to the MOBTGAGEE, sny and all snch rents. income and pmfits derived and to be derived lrom aaid property. 3EVrsNTH: Bat if the MOBTGAGOII sbatl tail to psy or canae to be psid any s~s o! principsl or intereat men- tioned fi? saia obligation, aocording"to the terms thereof, and anch defanlt eontinne ior a period oi thirty d~ya, or fn caae of the actual or threatmed demolition or removal o~ anY bvilding erected npon aaid pmperty. or in tLe a~ent thst the MOItTGAG08 shaII isil to pay sdd tazes or assssaments or said vn~inms oi insnnnee as tbe sama ahall sev- enlly bxome dae and payable, withont demand or notioe, or iail to periorm any othar act or tbing in said note or henein reqnired oi or af[~ bY said MOBTGAG08 to bs done, the entire indebtedness heriby secared sbsli tkerenpon : beeome dne aad psyable and this mortg8ge snbf ect to forselosnre, at the opt[on a~ the MOItTGAGSE. EIGH'~H: In ease this mortgage bs foreclosed by a snit in eqnity and the mortgaged prEmises be aold tu aa~tisiy a deeree of forecloanre. the proeeeda of s~ch sale sbaU be apP~~ follows: First. ta tl~e ezP~ses incnrred bere~er. inclading a reasonable atEorney'a tee ior ench aarvioes as msy be necessary for the eollection a~ ssid indebtedneas and the ioreclosure oi tLis mortgage: aecond. to the paymant oi whatever sum or sums the MOItTGAGE$ may La~a paid or become liab~le to pay in carryin8 0~ the terma and atipulations o! this mortgage, together with intetrst thereon: : and finally to the psYment and aatisfutioa of eaid note. The balance. K any. ahall. anieas the Conrt decrees otherwiae, ~ be paid into the regiatry o! ths Conrt h~~ing jnriadiction oi said foreclosare soit. to sbide the larther order ot said Caurk NINTB: Thst, in t6s event th~t st the beginning e~ or at any time pendin8 anit npon this mortgage, or to foreclose s it, or to reform it, and/or to enforce payment o! any cLima herennder, said MORTGAGEE aba(1 apply to the comt hsving jnriadiction thereot !or the sppoivtment oi s receiver. anch conrt ahall iarthwith appoint a recai~er oi aaid mortgaged propeity wil and singular, iaclnding sll and singular the renta, income. profits, isaues and t~renues irom ; ~vvbatever sonna derived. eacL and ererY a2 v~bich is hereby mortgaged sa ii spec~cally aet iorth and deseribed in the S~~e and habendnm eLnaea hereoi, and anch recaiver shali have ail the broad and eifective functions and poaen in an~ wise entr~ste~ by s conrt to a receiver, and ench sppointment ahsll ba msde by such conrt as an admitted e~nit~ and s mstt~er of abaolnte rIght to said MOB'PGAGEE, and withont reference to the adeqnacy or inadeqaaey of tbe ~alas oi the prop~rL7 mortgaged or to t6e eolvene~ or insoiveacy oi aaid MORTGAGOB snd/or oi ths defendants, and tbst anch rents. proi'rta, income, isst~es and revennea shali be applied by such receivera sccording to thP lien and/or eqnity o! said MORTGAGE and tbe practice ot sueb eourk TENTH: That tbis indentnre and ohligation shall bs and remsin in full force and eHect and in no wise be imp~ired nntil tt~e actual papment to ffie MORTGAGEE oi all ~ums secared hereby, and that in case oi a sale or transfes oi any oi the mortgaged pmperty or in caae of any agreement eztendinA the time or modifying the terms of paymeat herein recited or in case any put ar parta oi the mortgaged properry are reles.ied fmm ihe lien oi this mortgage, without consent oi the MORTGAGOR, tbe ssid MOBTGAGOB shall not in any anch event be released? relieved or discharged imm tbe paqment of any of tbe snms sesared bereby, bnt in anch e~ent the MOIiTGAGOR ahall neverthcless continne liahle to pap snch sums accazdin8 to tba terms o! wch ezterision or modif'~cation ~nd notwith9tanding ths malcin~ oi any snch D~rtul release or zeleases unless said f[08TGAGOIi ~bs ezpress~y reles~ed and diacLsrged in wtiting by ths n~ogrcwc~g. ! 600K 169 PAGE ~60 _ _ . - - - V ~ ~ - _ ~