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HomeMy WebLinkAbout1792 TOGSTHEt ~YITN ~11 und ~i~R~ul~r the te~ementa, hereJitau~eats snd sppu~tenenoes thereunto belungir?g or in sny- w~i~e thereunto appe~taining and the renta, ~ues snd pru8ta thereo[, and slsu sll the estate, ~ight, title, intere~t aad sll olaim and tlrmand vrhsts~ever. ax well in law ax in eq~ity, ot Diortgs~r ia snd to the ,a?nie, including but aol Gmited to: (a) All runta. pro8t8, revenuerz, ru~~altiaa, rights and bene8tn derived frum (1) crope grvv?•n on e~u rity and pnxluee rc ot the soil otharwise (2) ~cl,gas or minersl leawx~ ot the premi~ or sny par! the~eot. no~r eu~elin~ u~~resiter sde, w•ith the right to reoeive and rereipt theretor and apply the same to lhe tndebtedness seou~l hereby either betore or at er air~'detault her~under, ~?d Murtgagee m~y demand, sue for a~?d rea~ver any suoh p~ymeota bul shall not be n?quired so to do, and (3) aU olher renta ~uag and pro5ta of the premises trum time to time ~?~+oru~ng, w•hether under lessee or tensnoies nuw existiag or hereatter orested, reeerving to I11u~tgag~r. hoseve~. eo lung as Mortgagor ~s not in det~alt hereunder. the right to r~ceive wnd retain the renta. i~ues and prodta ia olauses (1~ sad (3) herein. (b) All judgwenta. swuds ot dsmages an settlementa hereatter msde reaulting trom oo~demnatiun prooeed~nge or the taking ot t6e prem~es nr any part thereof under the power ot emiaenL domaia, or tor e?ny dam~ge (w6otAer at~used by euah takiag or otherwiae) to the preaiises or the improvements thereon or sny put~ thereof, or to s~y nghta appu~tsnsnt tkereto. inoluding aqv sward tor ot~snge o[ (~ade ot atreeta. 1liurtg~gee is hereby authonsed, on behalf and ia the name of Mo~tgagor. to exeoute and deliver valid soquittaneFS for, and to sppo~l from. sny such judgmenta or sa•ards. riortgagee msy ~pply sll suoh aums or any part thereot uo received. atter the pe~~ ment ot stl o( ita eu n~. ~ncluding oosts r?r?d sttorneys' f~es. on the P~ indebtedne~sa seoured hereby in suoh msnner aa it oleots, or, at its optiun, t e entire amount or sny psrL thereot so reoeivod mqy be rele~sed. TO HAVB AND TO HOLD the above granted and desaribed premiaes to Mortgagee. ita suooessors andass~gna, torever. and 111ortgegor does hereby tul~v warrsnt tho title to ssid 1snd, and veill de[end the same agaiast t6e bw~(ul olaims oi all peraons whomsroever; pwvided slN~ys t5at it :4tortgagor shaU pay to 11lortgagee that oertain pn~mi~vory note above dosoribed snd shsll per[orm all other oovenants and ounditions of sssid promi~ory nute, and ot sny renewai, extens~on or modi8cation thereot, sad of this mortgage, then thia murtga~e and the c~atste hereby created shsU oease and be null and void. Mortgagor turWer ooveaants and ag~eee with Mortg~ee ss tollows: 1. To pay ull suaas inalud' interest seoured herebp rvhen due. as pro~ ided tor in ssid promissory note and any e~enewat. : e:tension or modifioation the~ aad in lhis mortgage, all such sums to be paysble in lsw~ful money of lhe United Statea ot ; Amerioa at Mortgagee's aforesaid principsl o~ce, or st such other plaae ais Mortgagee.msy desigaate in wnting. } 2. To pay w•hcn due, and w•ithout requiri~~ an}• notice frum MortRagee, All taaes. nssessmen~ti of an~~ t~ pe or nsture and other ettiargc~s levinl or a.~sc:~c~l xgain~t the prnmi~es hereb~ encun~l~ercvl and praluce reccipts theretor upon deniand. To immediatel~ au~d discharge sn) clsim, lien or encunibrance against euoh promuca vrhich msy t?e or hecome superior to this mortgage and to permit no default ur delinquency on any other lien. eneumbrancc+ or charge against such premise+. 3. It required by Mortgagee, to slso make monthly deposits w~ith Mort~aqee ia s nun-intereat besring sooount, together with and in addition to intereat snd principal, of s sum ec~ual to one-t~velft6 ot the yearly taues snd a.4ses-sments vrhioh may be levied Agsinst the pren?isee. snd (if ~o re4uued) one-twelfth ot the yearly prea~iums tor insurance thereon. The amount ot such taxes. assessments sad premiums, when unknow n, shall be estimAted b~y Mortgag~e. Such deposits shall be used by ~iortr gagee to pay such taxee, assessments and premiums vrhea due. Any insut!'iaiency ot such aooount to p:?y such oharges v~hen ; due shall be pa~d by 1lortgagor to Mortgagee on demand. It. by reason of aay de[sult by Mortgagor under any prov~sion of ~ this mortgage. Mortgeigee deolare~ all sums secured hereby to be due and payable. Mortga~e msy then spply any funds in ~ said aooount ag~unat the entire indebtedaess secured he~ by. The entoroeability ot the ooveasnts relating to t~es. s.ssessments and iasursnoe prem~ums herein otherv` ise provided shall not be stiect~•d ezoept in so far ~s those obligstions have been met by oomptisnoe with thispan~g~sph. Diortgsgee msy trom time to time at~ its option saive, and after any such waiver reinstate, any or t~ll provisians hereof requiring sucb deposita, by notioe to 14fortgagor ?n writing. WlWe any suah waiver ia in eSeot 1 Mortgagor s6a11 psy t~es. assessments snd inaurauoe premiums ~s hee+ein el$ewhere provided. 4. To pmmptl~• pa~• all tares and as.sessments asses.,e~l or levied un~ler and b~ virtue of anp state, federal, or municipal law• or regulatiun 6ereafter pacsect, again.st Mortgsgee upon this mortgage or tbe debt hcreby securedi or upon its interer~t under tt?is mortga~,?e, pmvidcr! how•e~er, that the total smount so paid for an} such taxes pursuant to th~s paragraph tqtether with t6e u~terest pa~abfe un said 'u~debtc~lne~. shall not excec~ci the h~'ghest Isw-tul rate of interest in Florids and pn~v~ded further that in the e~•ent of the pa+sage of an~ such laW or regulatian~ t6e entirn indebtecines~ securecl b~ thi, mortgage shall thereu~wn t?crome immeciiatel~ due and pa}able at the optiun pf 11~ort{~a~,n~e. 5. To keep the premisc~s insured against loss or dsmage by 8re, the perils sgainst vehich insurance is aHonled by the Extencted ('o~-erage F.ndo~ement, and such other risks and periLs as ~1lurtgagee in its discretion mayreq uire. The policy or pohcic~ of such insuranoe sl?all be in the furm in genersl use trom time to t~me ~n the IocaliLy in which the premisea are situated, shell be in such amount as htortgagee may r~sonably reyuire, shaq be issued by a compan3 or companies approved by I11ort- gagee, and shall contain the Standard Diort~ee Clause Kith loss papable to Mort~ree. Wheuever reqnired bp Diortgagee ~ such policles. and abctracts and other title evidence, shall bo deliverecl immedistely to and held by Diortgsgee. Any and al! ~ smuunts rece~ved bv Mortgaqee under sny of such policiex may bt~ spplied by 111ortgagee on the indebtedness secured hereby 1 in such manner ~s ~1lortgagc+e may, in its.sole discretion, elect or. at the qption ot ~tortgagee, the entire amount so received or an~ part therc~[ may be relea.3ed. Ne?thc~r the epplication nor the release of sny such amounts shall cure or asive sny ' defsu?t. Upon ezercise of the goa•er ot saleg~ven in th45 mortgage or otherscx;uisition o[ the premises or sny psrt thereot by i 4lortgagee, such policies, sbstrsuts and title evidence shall become the absolute property of h~ortgagt,~e. 6. To first obtain tAe written oonsent of Mortgagee. such ooasent to be grsnted or ~ithheld at the sole discretion o[ such ~1Sortgagee, before (s) removing or demolishing any building now or hereatter erected on the premises, (b) sltering the arrnnge- l ment, design or strucstursl charact~ thereof. (a) mairin~ any rep:?irs whioh involve the removal of structural parts or the ezposure k o[ the intenor o[ suc6 building to the elementa. or (d) ~oept for domestia purposes, outting or removing or permittiag the ( autting and removal of any te+ees or timber on the premiseB. i To msintain premisee in good condition and repair, including but not limited to the making of sncb rnpairs as Mortgagee ~ may from time to time determine to be neoessary for the preservstion ot the premises and W not oommit nor permit any waste thereof. 8. To rnmply with all lsws, ordinanoes, regulations, oovenants, conditions and restriotions affeeting ehe premises, and not ~ to suffer or permit sny violation thereof. Z 9. If Mortgagor [siLg to ~ay any claim, lien or encumbrance which i.4 superior to this mortgage, or, when due, sny tsx or assc~s~nent ur insurance premium. or to keep the premises ~n repair, or shall commit or permit v~aste, or ~f there be commenoed sny action or ~rceeeciing aHeoting the premises or the title thereto. or the intereat of :~lortqagre therein, including. but not limited to, eminent domain snd bankruptcry or tct~rgsnizstion roceedings. then Diortgagee, at its option. may pas said is claim, lien, encumbtance, taz, as.sessment or premium, aith rig t ot subrogution thereunder. may make such repairs and take such step~ as it deeins sdvisable to prevent or cure sucn waste. and msv appear in any such action or proceeding and retain counsel thernin, and take such action therein as 1liortgagee deems adv~ssble, snd for any ot said purposes Mortgagce msy adr•ance such sums of money, includ' all costs, ressonuble sttorne~'s te~ and other items of eapense as it deems neccu- sary. ~Iortgsgee shall be the sole judge ot~e legsGty, vaGditp and prionty of snp such claim, lien, encumbrance, tax, asses3- mant and premium, and ot the amount neces.tiary to beps~ d in satisfaction thereof. :liottgagec+ shsll not be held socount- - able for snp det~y i~ niakingrsny sueh-p~ymertt; wfiieh delsy~ma~r~nltin snv additional interest costs,-c}~arg~s or expense usnerwise. 10. Mortgagor ~rill psy to 3tortgagee, immediately and without demand, all suma o[ money advaneed by Mortgagee pursusnt • to this mortgage, including all oosts, ressonsb:e stts~mey's feee and other items ot expense, together with interest on each such _ ad~snoement st the rate of ten per cent. (lOrJe) per annum. and all suoh sums md interest thereon anall be secured hereby. ~ 11. All sums of money secwed hereby shell be payable without any reliet whatever trom any valuation or apprsieement law•s. • ~ 12. If default be msde in payment ot ans instailment ot prinaipal ~r interest of said note or any part thereot w~en due, or ~ - in payment, when due, d aqy other sum seeured heceby. or in pertormance ot any of biortgagor's obligations. eovensnts or agree ments hereunder, all of the indebtednegs secured hereby ahall become snd be ~mmediate(q due and payable at the option ~ ot hiortgagee, without notice or demand ~hich are hereby eapreasly ~aived, in whiuh event Mortgagee may svail itselt of ~ all rights snd remedies, at Is~v or in equity, snd this mortgage may be foreclosed vrith all rights and remedies afiorded by the ~ isws of Flonds sad biortgagor shall psy all costa, chsrg~es and eupenses thereof, including s reasonable attorney's tee. 13. It default be made in pe~yment when due. ot sny indebtedness seaured hereby, or in performance of any of Mortgagor's ~ obligsEions, oovenanta or agreements ~ereunder: (s) Mortgagee ia suthorized st snq time, pithout notioe, in ita sole discretiot? to enter upon and tahe pos~sion ot ~ ihe premisea or any part thec~eot. w per[orm any suta Mortgagee deems necessary or proper to oonserve the seennty and to ~ oollect and reoeive all rents, isauee and pro8ts thereot. including those pwst due as wetl as those ac~cruing theres[ter, end ~ (b) Mortgagee shaU be entitled, as s mstter o[ atriat right and v?~thout regard to the vslue or oocupancy o[ the secarity. ?n r~~; to hsve a receiver sppointed to enter upon and takepo~~on of the premises. oolleot the rents and proSts theretrom ~?nd apply t6e same as the oourE may d~rect, such reoeiver to ~h.?ve all the righta snd powera permitted under the laws of Florids. ' In either suoh c:se 11Sortgagee or the reoeiver msy aleo take possessiun of. snd tor Ehese purposes use, sny and sll personal ~ property oontsined in t6e premises and used by Mortfsgor in the rental or lessing thereof or sny part thereof. T6e ezpense ~ (~ncluding reoeiver's fees, oounsel feee, costa snd agenE s oompensation) inaurred pnrsuent to the powera herein oontained ahall ~ be eecured 6ereby. Mort~agee shall (after papment ot sll costa end eapenses inourred) spply auah renta, iesuea snd proSta reoeived by iC on t•e indebtednesa seeured hereby in sneh order as ~iortgagee determines. The right to snter and take poa~ssion ~ ~ ot said properto. t.? mannge and operate the ssme, and to ooUeat the renta, issues and pro8ts thereot, wheEher by s recetv~ or AQ othenrise, ahall be cumuLtive to anp ~other right oc remedp hereunder or afforded by law, and msy be exerciaed conaurrently , therewith or independeosly thereot. Morigag~ee ahall be liable W aooount only tor auch rente, iasues aud pro8ts satually reoeived - . ~ by Mortgagee. ~ aooK181 ~,~E~7~3 ~ ~ _ _ . z~ _ ~ ~ ~ _ ; 4 - . .