The URL can be used to link to this page

Home My WebLink About1881 . ~ . TOtiSTBBi ~IITH all snd singular the tenements. heredituinenta and • purteawoex lhereuato belonqing or in say- u ~e thereunto appertaining and the renlg. is~u~s und proRta thereot, snd ~w i?1 the eatate, ri~ht title, inlereat sad ~ll oluim snd demand w hat,soever, ae weU in !sw i?s in equity, ot Mortgagor in snd to the sa?iue. iaoludmg but not limited to: ; (s) All rents. pmAts, revenues, royaltier, nghts and beae6ta derived from (1) oropa grow•n on said seoutity ~?nd praiuce ° ot the soil othervrise (2) od,~as ur minersl leasea ~f the premines or a[~y part ihereot now ex~sting or hereatter made. wdh the c rig6t to reoe:vo and reoeipt theretor snd app~v the same tu the indebtedne+ss seou~ hercby either betore o~ .-,tier u~y detaul~ heraunder, and Mortgagee m~y deme?nd. aue (~r aad reoover aqy auch pqyments but ahsll ~ot be required ~o to d~. snd 43) t?ll ulher rents. i~ues snd pro8ts ot the premise~ from tit~e to time accruing: whether uader leasea or teneu?cies now exisUng or here~[ter oreated, reservu~g to 1lfortga~or. hu~vever, so bng av Aiortg~gor rs not ~n defeut~ hereunder. the righ~ 1o reoeive snd retain the rents. ixsuea and proQta in olsuses (i) ~?nd (3) herein. g g~ (b) AU jucigmenta, awarda ot d~mage~ snd aettlemeats hereatter me?de resulting imm oondemnation proeeedi~gs or the taking ot the premiee:? or aqy part theteo[ under the powe~ o[ eminent domain, or tor soy dunage (w~hether w?uaed by suoh taking or othervri.ce) to the preniiaes or the improvementa.theteon ur any part the~oi. or to aqy ~ghts sppurtenuat thereto, ~ incluQing aqv awerd fuc ahwnge ot gr~de ot streets. biortgagee ~s hereby authorued, on behslt snd ia the name o[ :~fortgagor. to eseoute and deGver valid aoquittaneea for. snd to sppe~?l from, aay suuh jucigmenta o~ ~?wuds. 1liortgagee ma,y apply sll auoh sums or any part thereut so reoeived. dter the payment a[ all of ita e nses. inoludrng a~sts and attorneys' [~es. on the indebtedness soourecl hereby in suoh maaner as ic elects. or. at its optiun.~e @A111"e ~IOUA~ OT 8~y p3tL 1}16C80~ SO 1'Nll91V~ II18}~ ~lff ~+B~0a6C(~. TO HAVS AND TO HOLD the sbove granted and desnribed pren~is~es to Tiortgagee, its suoom-sors ~u~de~s~~qaa, forever, aad 1?io~tgagot does hereby tull~? ~rarret~t tbe title to ssid lsad. and wiU defend the ssme agaiast the lawful clwims af all persons whoms~oever; provided alwaya thst it Mortgagor xhe~ll pqy to Mortgage.~ thsE oertain prom~ssory note sbove described snd shsl! per[orm all other covepsnts e?nd oonditione of ssid promixsory note. snd oi any rene~al, eatensioa or modification thereot, aud ot this mortga~ge. then this mortgngc sad the estate hereby created shall cee?se and be null and void. Mortgagor fwther oovenanta and agrees with Mortgagee as followa: i. To p~ all sums inclu iaterest seaured hereby w hen dne. aa provided tor in said promissory note and any renewal. e~ciension or modiHastion th~ and in this mortgage. sU suoh sums to be p~ysble in law~ful monev ot the United StsLes ot Americs at Morlgagce's a[oreaaid principal o~ce. or at such other plsoe as Mortgagee.may deeignate in writing. 2. Ta pay w•hen due, and w-ithout re~ Luiring any notico (rou~ T[ortgagee, alt taxc~, as+c~ssn~~y~ts of any t~ pe or naturo and other et~ar~ce le~•ied ur a+se~~l against the premi~c~ hereb~ enoumbc~red and produee reeeipts therefor upon demand. To iu~mediately ixa~~ and Jucharp,e any claim, lien or encumbrnnce t~ainst suoh preniisc~ M•hich mav he~ or bec~me superior to thu n?ortgago and to pennit uu detault or ~lelinquenc~ on any other lien. encwnbranee or char~+ agsinst such ptemi,es. 3. If tequired by Diortgagee, to also make month~y depoaits with Mort~ ee, in s non-inlerest bearing arnount, tq,?ether with and in e?ddition to interest snd prinoipal, of s sum eque?I to one-t~velttfi ot the yesrly taxes and a~ssessments whieh msy be levied agsinst the p:emises, snd (if so required) one-twel(th of the yesrlypre miuma for insurance thereon. The emount ot such taxes, assessments and premiums, when unknowa, shall be estimsted b~y Mortgagee. Suoh depasits shall be used by bSortr ~agee to psy such taxes. a.~sessments and premiums w•hen due. A~y insufficienoy o( auch accpunt to psy sueh chargea when due shall be paid by Mortgagor to biortgagee on demand. If. by reason of ~?ny detault by 1liortgagor uader anp prov~sioa of thi4 mortgage. Mortgagee declsres all sums secured hereby to be due and payable. Mortgagee msy then appl} any funds in said auoount against the entire ?ndebtedness seoured hereby. The enforoeabiGty ot the covenants relatin~ to tues. a~ments and insuranoe premiums herein othetwise provided shall not be sftected euccept m so far ss ihose obligaUons h~ve been met by oomplianoe with thisparagraph. Diortgn~ee msy from time to time at its option v?ttive, anci after anq such vrai~er reinstate. any or all provisions hereo[ requiring suoh depo6ita, by notioe to Mort~agor in ~vriting. While aay suoh v~a~~ er is in egeot Mortgagor shall P4v taxes. as~essmenta and insuranoe premiuma ae here?a elsewhere pmvtded. - 4. To promptly pa~• all tares aud asscu~~ments as.•s~ssed or levied under snd b~- ~~rtue ot any state. [ederal, or municipal lan or regulatiw~ hema~ter pn.ved, against lturtgsgoe upon this ~nortga~e•or tl~e debt lierob~• secured, or upon its interest under thi~ mortgage, providcvl how•e~er, that the total an~ount so paid for any sueh taxes pursus~t to this parat,?raph u~ether v~ith the interest pa~•able un said indebteclncwr+s shall not exceed t6e highent laHtut rate uf interest in Flurida and pru~-~ded further that it? tlie ~vent of the pa.~+-~:e of an~~ such Iaw or rc+gulata~n~ the entire indebtednc•ss sc~curwL•b~ thi~ mort~e shall thernupu~~ becwme unmediatel~ due and payable at 1he uption o[ ~iort~s~,~e. 5. To keep the premisea insured nst loss or dama~e by 8re. w~indstorm and suoh other hsaards as may berequired by biortgag~ee. in torm md amounts ssti~tory to. and in insuranoe oompanies spproved by Ilfortgagee the policies for whioh insuranoe shsU be payysble to Mortgagee. 3noh policies. and sbstnwts and other t3tle evideaoe, sh~?ll be delivered to and held by 2ltortgagee. L'pon toreclosure ot this mortgage or other aoquisition of the premises or ~ny part thereof by Murtgagee. eaid po~o~es. abstrsats aud title evidenoe xhaU beoome the sbsolute ptoperty of Mortgegee. 6. To first obtsin the written consenE of Diortgagee, such oon~ent to be granted or withheW at the sole disoretion of auoh 1liortgagee, before (s) removing or demolisLing building now or 6ereafter erected on the premise~, (b) altering the srrac~ge- ment, design or structural characster thereof. (o) ~say rePs?rs whic6 involve the removal of struotursl paris or the eaposure ot the interior of such building to the elements, or ezoept for domestia purpose~. cutting or removing or permitting the cutting and removul ot sny trees or timber on the premisee. . To maintsin premises in good c~ondition e?nd repair, inalnding but not limited to the making of auch repairs as l~fortgagee ! may from time to time determine to be neomsary for the pc+esenation of the premises snd to not commit nor permit aay vraste j thereof. 8. To compl~r with sll laws. ordinances, reg~Ltions. covenaqta, eondi~tions and restriotions affecting the premises, snd not s to suP[er ot permit sqy violstion thereot. 9. If Mortgagor tails to psy any claim, lien or encumbranoe v~hioh is snperior to this mortgage, or, w•hen due, any tsa or ~ as~ment or insurance premium, or to keep the premises in repair, or shall commit or pertnit waate, or if there be commenced . any action or proceeding aBecting the premises or the ti/le theteto. includi~. but not lim~ted to, eminent domain and banlwptcsv or reorganization prooeediags, then Mortgagee, st its option. may psp ssid c aim, lien, eocsumbrance. taa, aw~sessmenl or prem~um, w~th right of subrc~gstion thereunder, may make such repairs and take such steps as it deems advisable to prevent or oure suoh waste, and may appesr in any such action or prooeeding and retain counsel thereia, and take such action therein sa Mort~~ce deems advisable. and for any of said purpoges Mortgagee msy advanoe such sums of money, including all costs, reayonable attorney's fees sad other items ot expense as it deems aeoessary. Diortgagee shall be the sole judge ot the legality, validity and priority of sny such olaim, lien, encumbranoe. tsa, assessment and premium. and of the amount neces4ary to be paid in satis- faetion thereof. 1liortgagee shall not be held aooountsble tor any delsy in making any such payment, which delsy may result in any a{lditional interest, oosts, oharges or ezpense olherwise. 10. 1liortgsgor will peiy to ~Iortgagee, immediately and without demand, sll sums of money advanc~d by Mortgagee pursuant to this mortgage. including all a~sts. ressonable sttomey's fees and other items of expense, together w ith intereat on each such advaaoeruent at the nte of ten per cent. (10%) per annum, and sll such aums and interest thereon ahall be secured hereby. 11. All sums of money secured herebq shall be psyable without sny reliet wrhstever from any valuation or appraisement Isv~s. ~ 12. It default be msde in pavment d any instsllment of principal ~r interest ot said note or sn~ part thereof w~en due, or ~ in payment. when due, d any other sum secured hereby, or in performance of any ~ Mortgagor s obliqations, covenants or agreementa hereunder. sll of the indebtedne~ seeured hereby shall beoome and be unmedistely due and paysble at the option ~ of MoMgagee, without no~iee or demand wttich are hereby eupresaly ~raived, in rrhic6 evenL Mortgagee msy avail itseit of sll rights and remedies, at law or in equity, and this mortgage muy be foreclased Rith all righte snd remedies aQorded by the ~ laws of Florida and Mortgsgor ahsll pay sll cw~ts, chargea snd expenses thereot. including s rea.sonable attorney'a tee. ~ 13. it detault be made in payment, when due. of any indebtedneas seeured hereby, or in performanoe of any of Mortgagor's „t obligations. covensnta or agreements hereunder: ~ (s) biortgagee is suEhorized at any time, w7thout notice, in its sole discretior. to enter npon aad take poesesbion o[ ' ~ the remises or sn part thereot, to perform any sota Mortgagee deems necessary or proper to conserve the secunty snd to oollepct snd receiveyall rents, iasues and proflta thereof, including those past due as ~vell as t6ose accruing thereafter, and (b) Mortgagee ahall be entitled. ss s matter ot strict right and w~thout reQard to Ehe value or oocupancy d the security. ~ to have a rec~eiver sppo?nted to enter upon and take on of the premises, oollect the renta and proSts therefrom snd spply the same as the oourt m~sy d~rect, such reoeiver to ve all the righta and powe~s permitted nnder the 1sKS o[ Florids. ~ In either auch oase Mortgagee or the receiver msq sls~ take pos~sion of, aod for the~e purposes use. say and all personal ~ property oontained in the premises and used by Mortfagor in the rental or leasing thereot or any part thereof. The expense y (~ncludmg reoeiver's (ees, oounael fees, cwsts snd agent s oompensation) ineun+ed pursuant to the pov~ers herein oontained shsll be sw~.ured hereby. Motigagee shall (atter psyment ot sll oosts and expeoses ~nourred) apply such rents. issues md profita ~ reoc ~v~.! by it on the indebtedness aecured hereby in suc6 order as Mortgagee determinee. Theng ht to enter and tske pos~ssion ~ ot said property. to munnag~e and operate the same, snd to colleot the rents, issues and ro8ts thereot, whether by s rece~ver or u ~ otherwise. shsll be cumulstive to any ~other rig6t or remedy hereunder or sQorded b~+ w, and msy be exercised conourrently therevrith or independentay thereot. Mortgagee ahall be liable to aooount only for suah renta. iesues and pro8te aaWally reoeived by bi°rtgagee' ~ ~ OR ~ 60UK P~CE1~~ ~ - +b..,.~-y~~ 4~ _ „,3~~„ • _