HomeMy WebLinkAbout0201 TOGBTHSi WITN ~ll and singulac We tenemeab. be~editameats aad •Ppu~tenu?oes thaceuato Delongia~ or ia aqy- ~
~iue thereunto sppertaining and the rents. usuea ond pro5ta thereot. aad ~leo ~ll the estate~ ri~Rt, title. iaserest aad sU olaim t
aad demand what8oever. aa well ~n br as in equity~ ot Mor~gagor in_aad to the same, inoludiag but aot limited to: ~
(s) Ap cent,a. ProBta. reveaues. royaltiea. r~ghts ~d bnae6ta denved trom (1) oa~ps giow+n o~ e~id seourity.aad produoe
ot the soil othervriee (2) nil. or mineey?l lea8es ot the premises or any put thee~e~f. aow exiating°o~ ~koreatter made. Mith ths '
n
righE to re~eive and reoeipt t eretor and spp~y the sume to the indedtednees aeoured herehy either be[ore ot dter any detault ;
hereunder. and Mortgagee ruay demi?nd. sue [or wnd reoavee say auoh paymeata but shall aot be e~equired eo to do. snd (3) ~Il i
other renta, issues snd profita ot tbe preu~iseg twm time to time sooruu~g, rvhether under leases or t~enaaoiee now existing or
heredter aceated. reaerviag to Mortgagor. however, so loag ae Mortgagor ie aot in det~ult hereunder~ the ri~ht ta receive and ~
ret~ia the rea4+. issues and pro8ta in o4?uaes (1) and (3) herein.
(b) AU judgmeats, ~,~rarde ot doma~g~es snd eettlem~ts he~+eatter m~de resultit?g trom oondemaaUon prooeedit~ or the 's
takiAg ot the premisea or sqy put thereot uader the powee ot omineat domain, or for any dsmage (~rhether oauaed b~+ auoh ~
ti?Icing or otherwise) to the prem~ses or the iwprovementa thereoa or aay purt thereot. or to aQy ri~hts appurtettaat Wereto,
iaoludiag e~ay awstd ~or ehange ot grade of streeta. Mwtgag is hereby suthort:ed. oa beha?tt snd ~n the n~?me ot Mo~t~gor
to execute e?nd deliver valid aoquittanoea tor. and to ~ppe~l te~om.~q auoh judgrueata or swuds. Mortg~gee m~r ~?pp~y al~ f
suoh sums or ar~y psrt thereot so reoeived. dter the paymeat ot a!10[ itaespenaee~ ineludmg oo~ts ated ~tLorneys' I~es„ on We
iadebtedness aeoured hereby in suoh maaaer as it eleote. ot. aE ita optioa, the entite amount or sqy pi?rL thereof aosreoeived ~
~n~y be telewsed. ~
TO HAYS AND TO HOLD the sbove granted and deeoribed p~+eruise~ to Mortgagee, its auooe~esors aadaas~gna. forever.
aod Mortgegvr does hereby fuUy w_a~rant the title to said li?nd. and ~11 defend the same against the Is~rtul claims of ~ll persons
~rhomeoevee;provided stwsys thst d Mortgagur shaU psy to Mortgagee that eertain prom~ory qote sbove desoribed snd shall
perform s!t other eovenania snd oonditions ot said promia~ory note. and d any renewad. eactensioa or modi8wtion thereot.
and ot this mortgago, then this mortgage and the estate hereby ore~ted shall oe~e and be aull snd vuid.
Mortgagor turther oovensnts snd agrees rrith Mortg~ee ~s tolbvvs•' .
1. To p~q all suws includ~~ng iaterest seoured hereby ~vhun due.ia,-pTOVided for in saidpromisaory uote wdaqy renev
exteAsiun or mod?floalion t6ereot and in this mor ~
Amerios st Mortgagee's atotesaid prinoipal of~oe.
o~r
at uoh
o~ermlaoe a~s M~ible in l~.dul money oi t6e Uaited $tates~
P 8+8~•m~3' desi8nate in w~ritiag.
2. To pay K•hcn due, and without t~equirityt arn~ notice trum liortgagee, aU tsxee, sssessmenls ot sny ltpe or nature snd
uther chargrs levied ur a~i against t6e premi,~+s hereby encumbered and prociuoe receipts theretor upon demsnd. To
imn~eclistel~• pay and di,chsrge an~ claim, lien or eneumbranaip against suoh pr~emise~s which msy be or bea~me saperior to
this mortgage und to permit no default or delinquenoy on sny ott~er liea. ~o~mbre~a{~r or ch~+ against suoh prnmiaes.
v t~~ t,~
3. It reqnired by Mortgagee, to also make moAthly deposita ~vith Mor w s non-interest be~ring socount; ther
with and in addition to interest sndpnn oipal. o[ a sume qusl to one-t~velttfi ot the yeu~y Uuces ~,nd axsessments whi'c6 msy
be levied againsc the premises, and (if so required) one-tvreUth ot the yeul}r premiums for uisuranoe thereon. The smoupt ot
suoh taxes. seseBSments and preiniums. ~vhen unknowa. shsll be eatimated by Mortg~gee ' 8nah deposits ehs11 be ~sed by Ddortr
gag~ee to pay such ta:es. asaessmeute and premiums arhen due. Any insutgoieno~ -of auoh aooount to psy auish charges when
due ahall be paid by I11ortg~or to Mortgagee on demsnd. If. by resROn o[ any default by Mortgagor under any provision of `
this mortgage. Mortg~gee deo4res all aams aeoured hereby to be dne andpsy
~?ble, Mortgagee msy then app~r aqy tunde in
said ~?ooount agains~ the eatire indebtednees seeured herehy. The edtoroeability ot the ooveaants reLtia~ to ts:ea. asseesm~ta
wd insuranoe premiuma h~ein othanriae provided shsll not be atieoted exoept in ao tar as thoae obligat~ons hsve been met by
oompliance with Ehispan~rsp h. Mor m~Y t~om time to time st ite option xai~e. and Jte~r any suoh waiv~ reinstste,
any or all provisions hereot requiring suo depasita, by notioe to Mort~agor in writiag. While sny suoh ~vsiver is in e~eot
MortQagor ahall pay 4xe~. aeeesaments a+u~d inauranoe premiums as herem eteewhere pmvided. t
4. To promptly pay all taxes snd ssses~ments assesse~i or levied under and by virtne of sny atate. federal, or municipal
Isw or regulation hereatter psic~ed. against Diortgagee upon this mortga~e or t6e debt hereby seoured. or upon its interest
under this martgage,pn~ vided however, that the total smount so p~id for anq such taxes pursuant to thi4 paragraph tog~ether
w•ith the inleresL p~~a?ble on ssid indebtednc~s shsll not e~eeect t6e high~t lawfut rate of inter~t in Flunds and provided
further that in the event of the pa.~e uf sny such Isw or regulation. the entire indebtcxlnes~ ~+cured by this mortgxge sha(I
t~tg~~P~W:bfleoms,imn~ecti~tel~c~4t~Wtlrpe?y~lle~t.ti~,e, option vf Mortgagee.
5• ~-11sk~p tbe pfec~~ises irts~ed a~ana~f,lo~spr~mage by 8re, the perils agsinst w hiah insurance is s8orded by the I~xtended
Cover~~e n~~pomant, a~}d..u.c~i other iisks and perils as Diortgagee in its discretion ma~yrequire. The polioy or policies of
buch insurs~ce ahall~betin tfie torm in general use froin time to time'ie't6~'?tfc~fityin whltsh the~pr8tnise~s are siLusted. shall
be in sna~ amouat ss Mort~g~e map re~onsbly require. shall ~ is~q~ by~ s~~oompany 'or cpmpanies spproved by Mort-
ge~gee. snd shall contain the 5tsnciard l~iortgagee Clsuse Rith loss pa~ab[e t~i Mort.gagee. Whenever requited by Mort{~ee,
~uch policies, anc! abstraots and other title evidence. shall be delivered immedwtsly to snd held by Mortgagee. Any and sll
amounts rece~ved by~~iurtga~ee under any of such polici~ may be applied bx Mortgagee on the indebtedne~s seaured hereby
in such n~anner a~ 11~iortgagee ms~, in its sole d~scretion, etect ar, at the opZion o~ Mort~agee the entire amount so received '
or an~ part thereof ma~ be relessed. Neithor the application no~" tiie rele~a§e ot~ any such smoup~g shall enre or vrsive snv ;
detault. Upon ezercise of the pov~er o[ saleg~ven in th~s mort~age or otherscq
uisition of blte premises or any psrt thereaf by ~
~iortgagre. svch policies~ abstraots t~nd title evidence shall become the sbsolute property of MorLgagee.
8. To &st obtain tde written oonsent of Mortgag~ee, such eonaent to be granted or withheld sE the aole disoretion ot suoh
1liortgagee, before (s) removing or demoli !
shing any buitdiug now or here~tter erected on the premises. (b) altering the arran
ment. des~gn or strucstural oharacster thereoi~ (o) making aay ~+epa~rs whieb iavolve Lhe removal of struotunl parts or the earposu
e `
ot t6e interior of suah building to the elements. or (d) ezoept for domeBtia purposes, eutting or removing or permitting the i
culting an~ removal ot any treee or timber on the premises.
To maintain premises in goai eondition snd repair. including hnt not limited Eo the making of suok repairs ae Mortgagee
msy fmm t,ime to time determine to be neoesasry for the preeervation ot the premisee snd to no! oomnnit nor permit any waste
thereof, e
8. To oompi~ with all Isws. ordinanoes. regulationa, oovene~nts, oonditions and rest;ictions sffeeting the premises. and not
to suHer or permic sny violation thereof.
~J. It Alortgsgor tailx to ~a~ sny claim, lien or encumbrance which i.g superior to this mortgage, or. when due. any taa or F
as~ess~r?ent ur insurance prem~um, or to keep the premues in repsir, or shsll commit or permit waste, or if there be commenoect
anv action or proceeciing atlect~hg the prem~ or the title thereto, or the intetest of 111ortgagee therein, including, but not
timited to, em~nent domsin snd bankruptcy or reorganization proceedings, then Mortgagee, at ita option. may psy said
claim. lien, encumbrsnce~ tau. assessment or pre~nium, v~it6 rrght of subrogstion thereander, may n~ake such repa~rs snd
take such ~teps ss it deems advissble to provent or curc+ such waste, and may sppear in any suoh sation or procreding snd
retain coui~.,el thorein, snd take such actian therein as Mortg~?gee deems acivrssbie, and for any of ssid purposes Mor
msy aclvsnco such sui~es of monep. including aU costs, res.4onable sttorne~+'s tec+s snd other items of eapense as tt deems n~e~c~ ;
sary. :1~ortgagee shsll be the sole judge of the legslity. validitp and prionty of sny such olaim, lien, encumbrsnce. taz, assess- -
ment snd premium. and of i6e amount necessary to be psid ir~ estiataction thereof. riortgagee+ shall not be held secount-
sble ior snq delsy in making sny such psyment, which dels~ msy result in sny sdditional interest, e~ts, chargc~ or e:pense
uthera ise.
10_ Mortgagor w+ill psy to biortgegee, immedistely and v~it hout demand, all suma of money adveinoed bv Mortgagee pursuant
to this ..:origage, meluding all cvsts, re~onable attorney'a fees and other items of expense. together ~vitti iaterest on euc6 such
~dv~neerne4t ~t the rate ot ten per oent. (10«) per annum. u?d all suc6 sums e?nd interest th~eon ahal! be sect~red 6ereby.
11. All snoae ot money aecured hereby ah~?ll be psysble ~rithout any relief whatevet from sny vatustion or apprsisement lavrs.
lZ. It ddault be made in payment ot any instt?liment d principal 7r intenast of said note or anx part thereof w]~en due, or
ia yy?mee~. when due. d any ot6er sum aecured herebp, or iu pertormanee of any o[ Mort~~o
t e obligstions. cove~anta or
~r~sme~M Lereunder, all at the iadabtednees seaured hereby ahsll beoome and be immediately due and psy able at the option
d Hort~a~as. without aotic+e or demand whieh are hereby expres~ly v~sived, in whioh event ;liortgagee m~y svail itaeU o[
sll righta and remediee, st l~~v vr in equity, and this mortgage msy be forecloRed with ~ll righta snd remedies sQorded by the
Is~ra ot Florida snd 1lfurtgagnr e6s11 psy ail oosta, oharges and expensee thereot, iacluding a r+easouable sttorreey's fee.
l3. It defaulE be made in paym~?t ~vheo due. ot aa,q indebtedneee secured dereby, or in pedormsnce ot any of 11to~tq~gor'a
obligalioos, oovenanta or agrcementa ~ereunder:
Mortgagee ia wthorized st ~p time. ~rithout notioe, in its eole diseretion to enter apon aad take poese,~eian ot
~ es
the premi~es or any srt thereof, to perform any sets Mortgagee deerne aeoe~wy or proper to ooaserve the eecurity aad to
~+ulleot and reoeiva renta, isaue. aad pru8ta ther~eof, induding thuee p~ec due ~v .reU ae thcrye accruing therestter. and
(b) 3fo~tgagee ahs?tl be entitled. ae a matter of eirioi right and withoutrng
ard to the ralue or oooup~acy of the seeurity
to have a reoeiver appointed to enter upon and talce pc~sseasioa of the premises, oollect the renUs and pru8ta therefrom and ~pply
the eame as tha oourt msy direct, suoh reeeiver to 6rve aU the righta and powerx permitted under the 4~rs d Florids.
In either such eaee :liortgag~ne or the reoeiver may sleo take poasse~sion ot, and tor 1Deee purpo~es use, ~ny sud all pe~~wl
property a~ntai~ed in the premiee~ ~nd ured bp~turt~a~gor in the crntal ur leeRioR there~~f ur any p~rt t6ereot, T6e e:penre
(mctuding neaeiver'x feeR, cuunsel feeR, ooats and ~gent e a?mper~stion? incurned purxuant to the powera herein ooatained a6~11
be secured hereby Mortgagee ahall tdter p~yment d all ooats ~nd expenxee incurred) ~pply such renta, iaaues and pr~o8ts
reK+nived bq it on t e in~lebtedneee seaured h~rebq in suc6 order aa :~tortgagee determiaes. Tha right to enter aqd take possession
of said pwpertv, t:. mana~e iud operste the same, ~nd to eollect the renta, isauee ~nd prOAta th~~t. wheth~ Dy ~ r+eceiver or
othenv~se, shall be cumul~tive to anv oth~ ry~ht or remedy hereunder or ~Aarded by law. and m~?q be exercised ooneurrently
therowith or indapendea~~r t6er+eot. ~iort~a~e~s6~l1 be li~ble to aoovuat ouly tor sueh reata. issues ~ad prodts aetuaUy reoeired
~ Ma~~.
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