HomeMy WebLinkAbout0881 TO(iST86L AITN all and sia~uL~r the tenementa. he~ditameuts and s~ ppurten~?noes thereunto beloaQing ot in ~ay- ~
rvi~e thereunto ~ppertaining snd the reats, iarues or?d proeif tl~ereot. ~u?d i?LYO W tha estate, ri~ht, title. interest ~nd sU olaiu? ~
snd demuad whst~ever. as w~ell iu lavr ~s ia ec4,uity. ot Mort~or in and to ehe same~ inolud~nr but noi liu~ted to:
(a) Ap renta pro8ta, revenuea, ruy~lties. nghts aad beaedts derived from (1) orops ~uwn on w?id eeowitq and produoe ,
of 1he soil otherv`ise (2) oil.qas or mineral lewes ot the premises or sqy part thereut, aow es~stin~ or here~tter mada ~ith the E
rigdt to reoeive and reoeipc theretor and spp~y the same to the iadebtedneas sseoured hereby either before or atte~ an,y detauh ~
hereunder. aad Mortgagee ma~y demand. sue tar and reoover any auoh p~yments but shaU aot be ~equired ao to do. snd (3) sU ,
other re~ts. isaues and pw8tu of the premises trom lime to time ~?ooruing: whelher uader les~es or tenaaoiea aow e:iatiag or :
hereatter orested. reserving to 1liortgagur. however, so long as htortgagor is n~rt ia detault hereundec. the right to reoeive aad ~
retua the rnnta. isaues and proAta ia olsuseK (1) aad (3) herein.
(b) AU judgmeats, awards ot damages ~nd aettlements 4?ere~tter msde resulting from oondemastion prooe~iings or the ~
taking of the premise~ or any part thereot under the po~rer ot emineat domsin. or [or ~ny damege (whelher oaused by sueh ~
taking or otherwiee) to the premises or the improvemeata thereoa ur ~ny pe?rt thereo~t, or to any ri~hls ~ppurtensnt thereto. ~
iaoluding st~y swud for ehsn~e of g~ule uf stceets. Mortgagee is hereby authoriaed. on behalt wd in the name ot Mortgag+or.
to axeoute and deliver valid aoquittar?oea tor. and to sppesl from,aqy euch judgmenta or swarda. Mortgagee m~y apply all
auch sums or aqy put thereof so reeeivcd. dter !he p~yment of all at its expensee. inoluding oosts and sttorneya' f~ee. on the ~
indebtedue9s seoured hereby in auoh manner as it eleets, or. at its option, the eatice amount or ~qy part thereoi so reoeived
m~v be reles~ed.
TO HAVR AND TO BOLD tae aboie~ranted ~nd desoribed premises to l~iortgagee. ita suooessors and~ ns, forever.
end l~iori~agor does hereby tul~y w arrant the title b ssid lsnd. and v? itl ddend the same against the lswtul olsims o[ all pereons
wrhonisoever; pn~vided alwe~vs 16at it Mortgagor ahall p~y to Mortgagee thst oertsin prom~s-sory aote above described and ahsU
perform e?U other oovenants snd oonditions o[ said promis~ory aote. and of any renewsl. e:tension or modi8estioa tLereot.
snd of this morigaee. then t6ia raortgage ~nd the estate hereby oreated sshhall oes.ge and be null end void.
Mortgagor further ooyenan~+s end a~~ees with Mortga~ee as tollows:
1. To pa.v all sums ineluding interest secured hereby ~hen due, as provided for in aaid promisaory pote and an}~ rener?~al,
oxte~wiun or mod~&cation themof ancl in this mortgage, e?ll suoh sums to De p~yable in la~vful munq,v ot tbe United Btates ot
Ameriaa st Mortgagee's doresaid principal o1Rce. or s1 suc6 other plaoe ae Mortgy~ee.may de~ignate tn w~iting.
'l. To pay w-hcn dur, anii w'ithout rcr~uiring au+ notice frotn \tortgagee. sl~ taxe~s, a.+~e~smen~~c of sn~ t~ pe or nature and i
uther c6ar~c~s levied or ns~uesed againat the premuc~ hemby encumbend ~u~d praluce teceipts thc~retur upon demund. To
inuneciu?tet~• pa~ at?d discha~e any claun, lien or enownbrance against such pren?i,ur1 w•Uieh may be or bec+~me superior to
this murlgage and to permit no deiault or delinquenet on sny other lien, encumbrauce or d~ar~ against suoh prnmisc~.
3. lt required by Mortgsgee. to al~o make montW,y depo~ita with Mor ee. in a non-interest bearing sccount,~e ther
aith and in sddition to interest and principsl of a sum equal to ono-tweUt~ot the year~y taa~ snd assessmenta w}defi may
be levied against ihe premises, and (it so requued) one-twelfth ot the yearly premiums tor insurance thereon. The amourtt ot
suoh tues. aasessments md premiums, when unknown. Rhall be eatim~ted b~y Mortgagee. Suoh deposi4t shAll be used by,~ort-
gagee to psy such taxe6. a~menis and pre~niums when due. Any insut6aienoy ot suCh aooount to pay suoh charges when
due ehall be psid by ~dortgag~or co Mortgagee on demand. It, by reaaoa ot sny detault by Mortgagor nnder at~y provision o[
this mortgage. 111ortgagee declares all sums seoured hereby to be due and paysble. Mortgagee ma~ then spply any tunds in
said aocount against the entite indebtedneax seoured hereby. The enforcaeabi6t}[,o[ the oovenants re atiqg to taxes. assessments
aa~l insuranee premiums herein otherw i~e provided ahell not be a~eoted exoept• in so far as those obligstiona hsve been met by
mmplianoe with thiaparagraph. I1ior~ may from time to time ~t its opt~on v~~aive, and attet ~qp sueh ~?rsiver reinstste.
any or a!1 provisions hereot requiring suc depo~ts, by notioe to Mortgagor in writing. While ~ny suoh waiver is in e~~6
l~furtgegor s6:11 p~y taues, sase~ments snd insuranoe premiums a~ herein elsewhere prov~ded.
4. To promptfr psy all tazeR and as,c~v+ments arsc_c~cd or levied under and bp ~-irtue of an~ state, fecieral, or municipal
Iaw or regulatiun hernafter pss~ed, against Tlort~agee upun this mortga~+ or the debt hereby sesured, or upon i~s intcre,t
under this mort~e, provi~led how-ever, that the total amuunt so paid for an~ such tazes pursuant W this paraQraph t~ether
aith t6~ interest pa~•abie un said indebte~lnev4 shall not eaceed t6e hiRhest law•tul rate oi interc~e;:t in Flon~la and pn~v~de+l
further that in the event of the pas..e~ge of any such law• or rrQulaiion, tlie entire indebtcxlnes.-+ .ecu~d b~ thu mortgage a6s11
t)~reupuu bElCO[!10 IAllllBlllALP,~~ due and p~ysble at.the uption of ~fortga~~.~e.
5. To kec~p the prnmis~ insured sgainst loss or daroage b~ Rre, the periL, against w_6ich inaurance i~ aRurded by the E~tended
(`o~•erage F.ndor,emcnt, and such other risl~ and perils as :~lortgagee in discret~on n~a~~ uire. The polic~ or policios of
r
such insurance shsll bc+` in the tortn in general usc+ hom tinie to time in the locality in wh~ch t e premis~ are situated, ahall
be in such amount a, ~iortgs~;ee msy reawnabl~ require, shall be isaued by a co~npany or companies appro~•ecl bv Mort-
R~a~;ce, and shali contain the 3tandard ~iort~ee Clause aith lo~ pa~able to :~iortgagre. Whener•er rc+quired b~ Mortgagee,
suoli polieic~, and abstrsets and other title e~•idenrn. shal! be deli~~ered immecliately to and heid Av Mort{~;ee. An~• and alt
amounts received bv ~iurtgagc~e under any of .uch polici~ nw} be applied bY ,llurtgagee on the i?ulebte~lnese aseuurecl hernby
in suc6 manner as ~ortgagee msy, in its sole discretion, elect or, at the opUon of Aiortgagee, the entire amuuot so recei~•Pd
or an~• part th~~reof ma} be releasec4 ~ieither the application nur the release uf an~- ~uch amuunt. shaU cure ur w•eive am• ;
defauit. L'pun exercise of the pow•er of sxleg~ven in thi~ murtgage or other acyuisition o[ the premisc~ c?r am~ part therc~of b~
Mortgaqee. sueh polici~, abstracsts ~nd title evidence shall becon~e the abaotute propert~• of liortgagce.
' 6. To Srst obtsin We v~ritten eonsen! ot Mortgagee. suoh eonaent~ to be ~rsc~teci or ~rithheld et the sole discretion of suoh
biortgagee, betore {s) remuving ur detnulishing any building now or hereafter erectctil on the premises, (b) alteting the arrange-
ment. design or swetursl characster thereof, (o) making any repairs w hich invulve lhe rewo~•sl ot structunl parls or the eaposure
of t~he iaterior o[ such building to the elements, or (d) ezcspt tor domestiu purposes. eutting or removing or permitting the
cutting and removal of any trees or timber on the premisea.
7. To msintain premises in good condition ead repsir, including but not limited tN the making of such repairs as Dlortga~ee
may from time to lime determine to be aeceasary for the pre5ervatiuu of the pretnis~ and to not commit nor permit any wsvte
~ thereo[.
8. To comp~ with sll taws, orclinanees, regulations, cu~~ensnts, oonditions and restriction~ a$ecting ihe premises, and not
to suger ur permit any violstion thereof.
9. If ~iortga~ur fsiL~c tn ~?ay anc claim, lien ur encumbranc~ which is superiur to this mnrt~e, or, when duF, an~ tac or
ac,e.sment or insurance prenuum, or to keep th~~ premi~~h in reE?air, ur ,Lall cu~umit ur permit ka te, ur if tl~ere M~ cuuimencc~l
an~ actiun or prv?ceeding aftectin~ the premi,.~ or t;~e titic th~~rt•to, or the interest uf ltort~a~c~c~ thc•rein, including, but not
li~nitcrl to. uminent domain and t~ankruptcy or rei~t~anization proct~rlinKs, the•n \lurt~~re, ~t its option, ma}~ pay said
- clsim, lien, encumbrauce, tax, a~;e»nt~nt or premium. ~cith riRht uf subru~ation tLer~•under, ma~• u~ake such repairc and
take .ucl~ .tep, as it deems ad~•i~able tu pre~•ent nr eum ~uch Ha~t~•, and ma}• appear in am• such a~tiuu ur proctrd~nR and
rntain cuunsel therein. and take such actinn therein as ~lurtga~~y~ dt.•n?s a~h-i~al,le, and for an} uf said purpo.rs \1urt~~~e
ma~- auh•ancc such sums uf mon~y, includinK all eosts, reaw~nable attorne~'a Gti~ and otlier item. uf ex~~nse as it deuins u~rc~-
~an•. ~iurtgaF,nr st~all be thr sule judRe uf the le~alitv, ~•alidit~• and priurit~- uf an~ such ciai?n, lien, t•ncu~nbrat?ce, tax, as.ea~-
m~~nt and prf~mium, and ut the amount nece,:ary to Ik~ paiil in .ati;facUon therruf. \tortga~ce shall not I~e held account-
eble !or am• delay in ~naking sm such parment, M•hich delat• tna~• rc~ult in an}• xclditional intcnst, cu~t., charg~~, or exEx•n.e
otherw•ise.
10. 3iort~agor ~rill pay to 1liortgagee, immediately and withuut demand, sll suma of money advanceci by \iwt~{ee purxuant
to this mort~a~e, including sll a~~cts, re~~unsble attorne~'a fees and other items ot expw~se, tugether w•i1h intere~t un each sueh
s~l~•anceruent_ at tLe rate of ten per cent. (10~•~) per annum, and all such su~ns and interest thereon ahall be secured hereLy.
11. ?11l s~m~ uf muney- secured hereb3 shall be pa~•able without any relief w•hatever from anc valustiun or appraisement law•e_
~ l'l. [t dPfault be msde in psy~ment of any installment of principal ~r inter~t of ssid note or anv part thereot waen due, or
in payment, when due, o[ any other su~n securect hereby, or in performance of any of :~1ortRa~n~r;s ubliqstions, covenants or
a~reeiuents hereunder, all ot the indebtcrlne~ .ecumd hereby- sha11 beeome ~r?d be immedistely due and pa~able at thr option
~ of ~tort~ee, Withuut nutice or demand which arP hereby exprec~sly rcai~~ed, in ~hich ecent 1ltortgaRee msy avail it~:elf of
all righis and remeclies, at Isw or in equity, and thi~ mortRage ma~ t?e fonrlc?sed with all righta and remedies sgurcleil bc the
> law•s of E'I~:rida a?nd ~iurtgagor shaU pa~ all ca+ts, char~cs and expenses therea~t, including s reasoaable sttorney's fee.
13. I[ defsult be made in psyment, when due, of an~ indebtednu~ secureci hereby, or io pertorruance uf anp oi ~Sortgagor's
obligations, oovenanta or agreements hereunder:
~ (s) ~iort{;agee us suthorized ~t sny time, ~ithuut notice, in its sole discretion to enler upon and take posses.,iun of
the premi.es or any part thereot, to pRrfurm an~ seta Mortga~{ee deems necesaary• or proper to cun~erve the secunty snd tu
colltnt and reccive all rents. i~u~ and pruSts there~f. includ~n~ th~~e pa~t due s~ w•ell sa th~xse accruing then~atter, and
~ (b) Mortqaqee shall be eotitlcd. s matter of 3trict right and w•~thoutregar~! to the valup or occup~ncy uf the ~ersurit~•,
to have e receir•er appcnntcd tu enter upon and take pos.,exsiun uf 1he premises, cvllect the mnts snd pro6tK t6erefrum and app~r
~ the r•ame aR the cuurt ma~~ direct, ~uch receiver to h.?~•e all the riRhta snd pc~Ners permitted under the Iswn o! Flurids.
(n either suuh caee ~LortgaRc~e ur the receiver may sLyo tske po..~~ion of. and for these purpi~ use, any and aU per,unal
~ pmpert} c+rotained in the premi+cs snd useri b} \furtgagur in the rentsl or lessin~ thereot or any part thereot. The expense
~ (ineludmR rec~eiver ~ fea~, t~~unsel fee~, eints and sge??1'a ewmpensation) incurred punuant to the powers herein cwntained x6all
~ t?e .ecurni hereby ~tort~agee shall (after psyaient ot all c~ta snd expen~es ineurr~i) spply auch rnntx, i~.~ues and proHta
rncei~•ed by it on t~ e indebtrdne_n+:ceaured hereby in such ur~ler se ~fortgn~ee deter~nine~. The right to enter and take po~esssicx?
ot said propertv, t:~ manaqe and operste the ssme, wd to oolleet the rent~, i~.~ues snd pm6ts thereot, v~hether bv s receiver or
~ otherwise, s6ali t?e cumulstive to any other riRht or remecly hereunder or aRonierl by I~w, and may be exeroiaed ooncu~enUy
~ therewith or iadependen~ly thereof. ~Sortgag~ee xhall be lisble to sooount unly tur auch renb, iasueu uid pro8ta actuall,y rooaived
~ by Mortgagee. D ~ '''~Q
~ $OGK ~ 10 t~4L~
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