HomeMy WebLinkAbout2374 TO(#El9~1t R1T9 ~ll w~f gingular tha teaemea~s. heroditamentb aad appurten~aees thereunto beloa~i~ or ia aWr-
~ri+a themuaru ~ppertainin~ i?nd tbe rents, i~u~ and proQts theceot. ~nd ~lw ab the h?tate. ri~6t. title. interert ~ad all olaim
aad daRU~td ~rhatwa~~er. a~ vrell in lar aK ia equity. ot !?~.xt~~or ia and to the ~anie. iaclud~ut t?ut aot limited to:
Ap erats, pru6ts. reve~ues. ro~•~ltiee. nti~tx and beuebta daKived !rom p) orops eroMn uA xsni seourit~ and produoo
d ~hs ~oil o!herwise (2) oil.~s ur minera! ixc~wx ut the premices or a~}+ part t6etrof. auw exixtint or hetnafter mad0. ~tth tAe
right {o raoci~v aad reoe:pt 1hKefix aud app1Y the ~?me tu the indebtedneaa ~aeuced hereby eit6e~ betoe~e or stter any default
hereualer. aad I~tort~ee m~y de~uaud. cue fi~r and reouver aap suoA pr~ymeats but shaU nut be required ao to do. aad aA
other reata, l:~es aad pn~Qtu of the pretoiw~s frum time to time aooruing. whether unde~ le~seu ur tenanoies now existin~ ur
herc~tter ar+eatod, r+eesrving a Atu~ r. 6oaever, w kK~g au 111urt~aaor is aot ~n dot~ul: hcreuader. the ri~ht to rroeive and
retau~ the reats. usuea aad pro8ts in o (1) wd C3) herein.
(b) AU judgn?eate. awards of d~a~es aad settleaients hereattar mada c~esulting from au~demaation prooe~~ings ur tds
takiut of the prem~ ~x aqv put thereo~t uader the puwer of emineat dumain. or tor sqy dana~e (whetLar caused b~ sueh
takir,R ar uther~rise) to tha pn+mi~es or the improvemeats thc~eoa or aqy part thereot~ or to iu~y rights appurteaant thereto.
including an,v ~wanl t~x chsnge ot grade ot st~ts. ~iortgagee i~ hereby auth~sed, oa behaU and in the nune of I?tortaagor.
io ~uceoute and deliver vslid aa~uittanoes for. aad to appeal tmm. sunh ~udgments or arsrds. 1liurtgagee may appjy ~11
. suc`, uums or aqv part t~ereot sso ceceived. after the p~rueat ot sU~itsexpen~. ~aoludu?g oocts and attoraeys' f~es. on t6e
:ndebtecin~ seeured hereby in suoh nwu?er aa it eleots. or, at ita option..f6e entire unount ur ~ny part thareot eo reoeived
~ m~,y be rek+~ved. •
TO HAVE AND 'I'O 60LD the abovo ~raated at~d desoribed premiyes to Mortgat~ce, its suoo~so~s and~gn s, torevee.
aad I~iortgagur does l~reby tully w arnnt the title to ssid 4?ad. anci w ill detead tLe same against the lawful daims o[ sll peisoas
w hon~noever; provided uls~yrs ~hat i[ 1liortgagnr shali p~y to 1liortgagee thst certaia pn,missory note above de~cribed and e~h~U
peifarm sU otber oovenanta iwd oonditions o[ said prumissory note. and ut srsy re~ewal, eztenaaon or modi8oation thereot.
and of t6is mo~tgage. t6en this murtgage aad the estate hereby created shall ee~xe and be null and void.
~ortgagor furthee eovenants aad ag~ees with Mortgagee as [oUowr: .
1_ To pay all sums iaeludiag int~rest seeunrl 6e~eby ~rhen due. as provided tor in sa~c1 p~+omis~sory aote sndaqy reae~~l.
eutensiun or modi6catioa t6ereof and in this mortg~ge. all auch sums to be payable in lawful monev ot the United 8tutes ot
America at Mortgag~ee's afoe+eaaid ptiacipal odice. or aR aueh ot6er plaoe a8 ~tortgagee.me~y deeignate in writing.
2. Tu gsy N•hen due, and v?•ithout reyuiring a~c noticc~ frun~ \1u~t~agee, aU taae:~, a.t~cc~nny~~. of en~• t}•pe ~x nuturo and
othcY char~s le~~e~l or au~~,x~ct agaia,t the premi.c~ hcn•br encun?hend s~d pnxluce recEtipts therc~tur upun demand. To
immediAteh• pa} and di,tih~rge an~ etai~n, tien or encumbranee against such premi,ux K•hich ma~• t~e ur he~x?me su{mriur to
thi3 nrortgagu and tu per~nit uo d~~lault ur delinquencv ua any other lim. encuiubrance or char~rx a~ainst such premi.tK.
3. It requirec~ by ~iortgegee, to als~o make monthly deposits sith ~io~tgagee in s nua-interest beuing account, :a~g~ther
~ith and in sddition to intereest and principal. of a sum ual to one-trreUtb of the ~•euly ta~ces snd a~e~iuents which may
n
be levied agains6 the premis~. aad (i[ so requind) one-trre th o[ the yesrlypre miums for ia,uranae thereon. Tt a amouat of
xuch laxAS, asseczsments snd premiums, when unkno~ra. shsil be e,timsted b Mortgagve. Stioh deposits s6alt'ae used by ~iort-
~agee to psy such ta:es. ass~ne~ts and premiums when due. My insu~oiencp o[ such aooount to pay snch charges wrhen
due shall be psid by L~ortgagur to \tottg~gee un demand. If. Dy reason ot any de[sult by Mortgagor nnder aay pwvis~on ot
this mortgaRe, Dtortgagee deolsres all sums ~ecureci hereby to be due end payrble, Mortgagee m~}r t6ea sppl~v say funda in
saici aooount against the entire indebtedness secured hereby. The eaforoesbility ot the ouvensnts relat~ng to t~es. asseasments
and ia4uranoe premiun?s hereia otherw ise provided ahall not be aRected exoept ia so fu ss thwe ubligations hsve been met by
eomplianoe .vith thispat~ra
ph. 111ortgagee maky trom time to time at its oplion nraive, and after any such wai~•er ceinstate.
any or all provisions hereof requiring sucb deposits, by notice to Mortgagor m watin~. V1~hile sny such v~aiver is in e8ect
1ltortgagor shall psy taxes. s.s~essuients and insurai?oe premiums as hereui elsewhere pruvided.
4. To promptl~• ps~ all taxes aiul a~e.-~mente assc~l or letic~ci imder and b~ virtue of an~ state, federwl, or munieipal
larc ur reRulat'an hrrnatter pa~.~rd, again.3t 1ltort~agc+e upon this mortga~+ or the d~t herebr securcrit ur upon it~ intenst
und~ thti u~ort{~aRe, pru~icled huKe~•er, ttiat the lotal amount 3n psid fur an-r such taxes pu~uant U~ th~ psragraph t~ether
r~ith tt~e internst payable on .aNl in~lebterlness shall nut excc~rl t6o hiRhest 4~w~fu1 rate uf intc•rc.t in F'lorida and pn~~ided
further that in the c•~•ent of the pa,.-.aRe o[ any such Iaw or re~ulatiun, ihe eatire indebtcdnev ~ecunrl b}- thi. mun~c~ shall
then;upun lx~oome imniediatel~ due and pe~yable at tho uption ut ~fort~a~n~e.
5. To keep the premises insnredaga~nst lo~ or damage by Sre. ~rindstorm and sueh ot6er hazards s~ m~y berequired by
~dortgagee. in form aad smouata sstisfactory W. and in insuranoe compsniea approved by 1ltortgaRee, the policic+s [or shich
insuranoe ahall be psysble to Mor a~ee. $uoh policies. and sbstraots aad other title evidenoe. ahall be delivered tu and held
by ~tortgagee. Lpon forecioanre t this mortg~e or other aoquisition ot the premisea or anq put thereof by bfortgagee, said
po6eies. abatrsota snd title evidenae s6all bea~me the absolute property ot Mortgagee.
' 6. To fust obtsin the ~rritten consent ot 1liortgagee. suoh eonsent to be granted or w~ithheld at the sole diseretion ot sueh
~iortgt~gee. be[ore (a) remo~ing or demolish' any bailding now or hernafter ereeted on_the premises, (b) sltering the arrai~e-
ment, des~n or structural chanRSter thereof. msl~in~ any repaira ~rhich involve t6e remova! of struetural psrts or the ezpoe~ure
ot the intenor of suo6 rnikling to the elelneni~. or (d) ezoept for domestiv parposes, cuttiog or removing or permitung the
cutting and removal of aaq tree~ or timber on the premiseg_
I' 7. To maintaia prumise3 in goal condition snd repair, including bnt not limited to the making of such repairs aS Mortgagee
may (rom time to time determine to be neoessaty for the preservation of the premiaes aad to not oommit nor permit anq ~aste
thereof.
8. To oompl~r veith sll la~a. ordinances, regulations, oovensnta. conditions and restrictions affecting the premises, and not
to su8er or permit any viulation thereof. ~
9. It 1ltortgagor taik to pay any claim, lien or encumbrauoe ~vhieh is superior to thia mottgage, or, when due, anp ta: or
asse~ment or iasuranoe premium, or to keep the premis~ in repair, or shail oommit or permil w•aste, or if there be commenced
anv aetion or proeeeciing aSeeting the premises or the tiUe lheteto, inelud~ but not limited to. eminent domain and banlcruptep
or reorganiastion proceeciiugs. th~? ~iortgagee. at its option, may gsy said~m, lien. encumbranoe, tax. ab.-,es4ment or premium.
w ith right o[ subrogstiun t6ereunder, may make such repaiis and take such steps as it deema advissble to pre~ ent or eure such
wsste, and ma~ appear ~n anv such sction or proceeding and retain oounsel therein. snd take such sction therein as Mortgagee
deems advissble, and for sn3 0[ said purposes l~iortgagee may advance such sums d money, ineluding sll c~sts, reasonable
stturney's tees aad ot6er items o[ e:pense as ~t deems neoes.wy. ~iortga~ee shall be the eole ~udge of tLe legalit_v._Yaliditr and
priority ot any such olaim, liea, encumbrance, tau, as~essment and prem~um. and ot t6e smount neoe$ary tu be paid in sstis-
fsction t6ereo[. MortgagPe shall aot be held a~ooountsble for say delsy in msking aay such psyment. whieh delay msy result in
auy additional interes~. oosts. charges or e:pense otherwiae. -
10. Mottgagor v~ill p~y to Mortgagee, immedistely and without demand. all suma oi money advanoed bv ~iort};aqee pursusnt
to this mortgage, including all «>sts. reasonsWe sttorney's fees and other itema d ezpenr,e, together vrith interest on each snc6
advancement st the rate o[ ten ~~er cent. (10°!0) per annum. and all such sums and intereet thereon ahaU be ~ecured hereby.
11. All sums o[ money secured hereby shall be psqsble ~vithout any telie[ w hatever trom any valualion or sppraisement lar~e.
12. If default be made in ps~-rasnt ot any instsllment ot principal ~r interest ot said note or snp part thereof w~en due. or
in pspment. ~rhea due, ot my other sum secuted hereby, or in performance ot any of Mortgagor's obliqations, oo1enants or
a~reements hereunder. all d t6e indebtednes~ secured hereb~ shsU becoroe and be immediately due and psyable a! the option
d 3iortgagee. w-ithout notioe or demand which are hereby e:pre~ty waived, in ~rhieh event Mortgagee msy svail itseV d
sll rightis and remedies, at ls~ or in equitp. snd this mwtgage may be toreoloaed with atl rights and remedies aQorded by the
Isws ot Florida and aiortgagor xhall psq all oosta, c6aiges and e:penses thereot. including ~ ressonsble attorney's fee.
13. It detsolt be msde in psyment, wh~ due, o[ any indebtedneas aeeured hereby. or in pet[ormsnoe ot sny of ~iurtgagur's
obligations, covensnts or agreementa hereunder:
(s) Dtortgagee is suthonsed at aay time. Without noticc, in its aole discertion to enler upon snd tske passessioa d
ihe pc+emisee or my part ihereot. to per[orm anv aats Mortgagee deems neoeasary or proper to eongerve the secuntp and to
oollect and receive ell rents, issues aad pro8ta t6ereot. inclad~ag thoee past due as well as those aocruing ther~fter. s~d
(b) Diortgagee shaU be entided. aa s mstter d strict right and wnthout to the value or occupancy ot the secvri~y.
to have s reoeiver appointed to enter upon and take pc~e~ion of the premiaes. E the rnnta and pro6ts theretrom and spply
the same as the court msy direct, such ree~eiver to hsve all the rights snd powe~a permitted under ihe (s~ss of Florida.
In either such csa~ Mortgagee or the receiver map also take poaeession ot. snd tur these purpost~s uae, aay and all persona!
property oontained in tho premi~ aud used bp Mort~or in the ~+entd or leseing thereof or sny part thereof. Tha e:pense
(includ~ng reoeiver's fees, oouasel tees, oosts and agent s aompeoaation).incurrecl pursuant to the poserx herein ooatained shall
be ~ecured hereby. Mortgagee shsll (atter payment ot aU oosta snd ~penses incurred) spply such cents. issuea aod proEta
reo~ved by it ~n the indebtednees secnred hereby in anch oetiter as atortgagee determmes. The right to ent~ and take po~ess~on
- d said propertv, to mansge and opente the ssme. and to oolleot the rents, isn~es andpro 8ts thereof. rvhethet by s receiver ot
othervrise. shsll be cumulst~ve to anp ~other r~ight or remedy hereunder or a~orded by bw. and may be eaercised ooncurrent~y
there~rith or indepeadently thereol. Mortgagee shall be liable to aoeoani only for wch reats. iisues aad pro8ta aetnal~y reoeived
by Mort~ag~ee.
16y
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