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Home My WebLink About2909 J 1'O HA11E AND TO NOLD th~ abov~ d~c,rib~d prop~ctY uato t!~ MaceqaqM borwa. Th~ b~Cxq~a ~r~bY oorsactats wit4 th~ Matq~qN that tl~ Mo~oqor is ind~asibl ~sia~d w~tth 11~a ~ ab~oluN aad i» Nti~ to ~a~dpcop~t~. aad bas !u!1 w~ aad lnw~ul awhodtr e~ a~~ conwy. tra~osM~c ~ aad mcclgaq~ tla ~ that it sball b~ lawful at aaY tlm~ L~nall~c prao~ablT m?d quMtly b~at~c upoo, ~ ho1d. aad ~a~ ~oddp ~op~t~. at~d part th~ tbat aaid pcop~rty i~ ~w arod discbc~g~d ~n aQ W~u. ~acumbraaoN. a~d ckiiaas a~ any kind. in~d+uiinq t~mcss amd a~ssmu~ ~xarpt as bsr~in nolod. aad tbat t6~ Mortqaqo~ h~oby tullY warraats uato the Ma~qage~ the tltl~ to aadd pc~ety an~d wW ~d tb~ sam~ agadast the lawhll ciaisu aad daaaada oE all p~soas ~r~w~. . PROVIDID ALWAY3, and theas p~es~nb ~e on thsse sup~sss vonditions. that whersas th~ Mo~tq~go~ is iadsbl~d b th~ Mactqage~ bp ~htu~ of a oe~tadn pro:alssoiy Nots, o~ oven dat~ b~ac~witb. mad~ by tb.~ Ma~tqa9or sad pay~acbla to tho o~d~s of th~ Moo~acqN ia ths p:indpal sum of T E MTi.T.TnN ~$$,000,000.00)--------------------------- nsn~,~.- with intersst the:eon. all papabls as provided ia aaid Nots. in lawiul monsp oE ths IInit~d S~ates o~ Aa~ica` NOW. THEREFOAE. if the Ma~tqagaar shall fiil1Y PaY ~id Note. cc aay ezt~asioas a~ senewals t~csof aad shall tully pap all other iadebtedaess oz liabilitp tbat map becaums dus and o~vinq ha~uader aad a~cursd han- by, and shaII ~adthfully and P~'~P~Y ~P1Y Pesform sach ~d e~ay oth~r cov+~naat and p~ovLdon ~ Lerein an th~ paQt c~ the Mozlqago~ to be ooonplied ~rith ¢nd' pe~ormed, then theie p~esentis shall bi v~o3~d aiad rslsassd at th~ ezpsnae o~ the Mo~gagor. ctherwise to r~mann ia iuIl iocc~ aand .!~ct. 1~ND th~ Mo~qaoqcr does heseby sspceesly oovemant ~`~'ag~'• " . . - - ~ • • _ i. 1~o pa,y the Note Lereinbefore referred t0. ~i~~'~~~~~~.and the 3nterest tfiereoa promptly as the same a6aU beoome dne. ~ . ~ !c~ . l~i~ ~ r Z. To pay all ta~cea. assessmenta and levie~~ b~ ~Ild ~ir tLet may Lenatter bs levied or as- sea~ed npon or ~ainst said Lnd and pnen~or~ ~ 1~~ herain conve~red, when due aadpa~yable ; acco~din~ bo Lw. befora tLe~r become delinqnea~ and s~all attaeh. Zb dsii~ to the l[ort ga~ee. on Or belore l(arc6 ltt Ot eaeh ~ear~ tas , ~t •p~ch tases tac the Pi+~cedin~ calendar Yeu. and to deU~rer to the Ya~t~agor seceiPts wr a~+tl~~4 impz+o~?emeats wlthia ~ nin~q? t~0) d~t?s after tLe ~une ahall become dne and psy e, ~ to and . ~ j',~~h? t90) d~s aiter dna date ac~ snd all govarnmentallevles tLat m~Y be made on tbe ~Pi'oP~U?. 3. To permi~ commi~ or suffer no ~vaste, impairment or deteriontioa of said pro~ or aoy part thereot, and upon the failmre ai the l[ortSagor to keep tLe ?wil~lings oa aaid Pmgeet~r in good condition o repair, tDe Mort~ee m~y demand the immediate repair of said buildings. or m iaerease in tbe amount oi securlb~ or tbe imm~edlate PaYment of tbe debt hereby secnred, and the failure oi the l[ortgagar to comp~ with said demand ot t~e lsorfS~ee. faa~ a Perlocl of thirtY (90) dsya. s6all oonstitute a breich of this mortgage. and at the oPtion oi the Mortgsgee. ianmediate?b mature the entire amount , of principal aad interest bereby eecured. and the 1[ortg~~ee immediate4 and wit6ont notice aWr fostitute pmceedinSs to ~ forecloae this mortgage and aPP1y for tha appointment of a Beceiver. as bereinaites provided. ~ 4. To keep the baildingc and all equipment and personal~~ c~perbr now or l~ereafter oa said P~~ covered b~? this ~ mortg~ge insured ~gainst loas by fire and wjndstorm or other 1tt ia a aum or sams mtficient to ~tire fnll protec4oa to the MortgsBee. but in no event in a sum less t6an the nnpaidp pal a~rod b1 tLis martBalt~ however, that t such insnracice be in amounts safficient to complY witb aqT oo-i~os~iu~ance xqnirements coverin8 same under the Lws of the State of Florida. and pmvlded turther that We poliq? or~o licies shall be wrftten fa a compaQy or companies and Lbmueh an agency satisfactori? ta the Yortgsgee, and tLat said policy or pallciea ahall be Leld by the l[~ee aad sball bear a standard New York l[ortgagee Clanse witLont contrlbutlon maicing the loss under said policies pqab to the Yortgsgee as bis iatei+est msy sppear. ~ It is agi~eed tl~at in case the buildinSs on said real estate ae+~ deatroyed or d bY tire. ~viadatorm~ orby any other casualty against which insurance sball bave beenrequired b7 the l[ortgsgee. then.~ 2[ortgagee sball bave the ri~t to appbr the iasnranoe P~ds fa P~t of the debt secured berEbY. either ia whole or ia gad, and whether then dne o~ p rcqnire the improvemenb to be repaired or re laced, either Partly or entire~j?. bY the nse of said Proceeda. ~ wrtion of the loan to remain in force. ARY ~ Proceeds held by the MortS~Bee tor repairs or replacemeata s6a11 be ao held without pat~ment or allowance ot intertst. ` b. In the event tbe llen of t6is mortgage is accePted as a seoondary or inferior lien, anbordinate and sabject to aa~ ~ prior awrtga8e lien or other encumbrance, the l[ortgagors covenant and agree to YeeP all oi anch prior mortgage liens and j other encumbrances in good standin8 and to perform, comply vvith and abide b~ each and aver9 the stipulations. a~reements. , conditions and oo~enants contaiaed ia t~e a~reemeats e~i~endn8 snch prlor liw and will not P~t auch p~or lisns ar ~ mortgages to became ia default and aill P~mPW P~U? mY indebtedaess secured by snch grior liens and mortB~B~ befo~+e the I aame beoome delinquent, and ia tLe eveat the YortBaSora ahall fW so to do, tben sucb failnre s6aU constitate a detaalt in I~ this e in the same manner wnd to the same estent aa i! there were a defanlt in the tenns and eonditions a~ thia ~ ~ mo o~r the note aecnred herebY• 1 ~ Q~ St?oald tbe b[ortgagor fail to make psyment oi any taxea, assessments or pnblic rges befors they become de~ ~ ~ linqneat, or betore an1? int~ereat or penaltY shall attacb. or of aqj? insnrance premiums or~other c.har~es payable b7 the ` ~ ffiortgagor. or shonld the l[ortgagor fail to make payment of sny principaI or intereat secared by aq~? mortgage or llen prior ~ ~ to tbe lien of this mortgage before tht same become deliaqueat, thea the l[ortBaBee ms~Y makepaymen ts a~ t6e s:me, and # , also m~y redeem said Premises from taz sale without anY obliSation to inquire into the validity of such tazes, aasessments { and tas sales (the n~oeipts oi the groPer oificers bein8 ~nelusive evidence oi the validity ana amonnt t~r~f). In c~e ~ ~ i such DaYments b9' the l[ort8agee, the Mortgsgor agrees to reimbar~e We Morte+~8ee on demand~ aad the amoanta ao pai~d, s with interest thereon at the ratc oi ten per cent per annum shall be added to and became put of tbe deM eecured by these ~ presents orithoat waiver oi an,y~ t arisin~ irom breich oi anY oi the covenants, and for snch payments, wit6 interest ~ as afonsaid t6e premiaes berewbe~ore descnbed, as well as We Mortgagor, slwll be bound to tLe same eztent that the~ are ! ~ bound for t~e payment of the note herein described. I ~ ~ q, Tb.at any sums which shsll not be paid when due, whether principal. interest. or money owing for ad~aacements oy ~ t6e holder purauunt to We terms of this Mortgage, shall bear intereat at tbe rate ot tea per cent per annum. ~ ; 8. Tbat in the eveat that said Note is placed in the Lands of an attorney for collection. or in case the Mortga~ee - ~ a~a11 become a partq eitLer as plaintiff or as defendant in any suit or legal proceeding in relation to the property descrIbed • ; or the li~ea createi ~erein. or for the recovery or pmteMioa of said iadebtedness, the Mortgagor will repay on deanand all ~ coats and e:penses arisin8 therefrom, inclading reasonabie attorney's fees, with interest thereon at the nte of ten per ceat t per annnm ~til Paid. all of wLich suma. it unPaid. shall be added to aad become a part oi We debt secured b~ these Presents. I ~ 9. That the Idortgagee withont notice. msy a8ree r?itb anY partY oblIgated on aaid indebtedness. or having aa inter- i ~t in the se~urfty de~cribed ~erein, to renew or eitend the time for t of any put or all oi the indeMedness aernred scr ~ herebi, without in a~ ~ray aifectia~ either the llen bereof or the ilit~ oi aW? other party. 10. Tbat ii default be made in the paymeat oi any installment oi aaid Note, wHether of principal or iaterest, or ia tLe ~ p of any ooveaants oontained ia this Mort~aga, aad aay one or mon of wch detauits ahall have oontinaed : orf ~ ot days or more. or upon the happen~' oi aay other event which accordin~ to t~ terms oi tbis ` ~[ort~a~e or satd Nt~ entitle the Lolder to sooelerate the due date oi said Note, then tUe whole anpaid pdncipal aum ~ in ~aid Note a¢eed to be p~W+ witb interest aeaved thereoa. sbaU at an time after tbe e~cPiration of such period, or at an~ i t tlme a~ter tbe mppenin~ oi sneb svent refened to. at the optlon ot tbe ~der of said Note. become dne aad paYable with- ; p art notice o~ dr.~nand, anytbic~g herein or in saW Note to tUe contrary not~vithstandin~. and no omissioa on the p~art oi tbe ; fi bo3des to r~e aneb~ option when enttt~ed ~o to do shari ba constrned as a wdver ot such si~ht. ! ~ ii. As additional and collatetal secudty for t~ W9~nt af add Nate tbe s~si~ns to t6e l[ort~s~tee all the ~ ~ rents. is~ua. pro~its. and income of tbe reai estate andpe rsoaal pe~operf~ a~ave da~from the date oi thjs instrumeat ~ ~ antil the debt hereby secured a6all be R~d in full, with tbe rigbt to reeeive tbe same and aDPb t~em to raid Note or other ~ indebtedness ovrin~ on account t6ereof aiter default in tbe condltlons t6ereoi. z ; ~R ~ • 1~9 ~ ~ - _ . _ sr '>e~~'"'},~,-r 4:- . ' t ~R~sLt~...w 3-~_~;,~t,.. , 'r- . .g_.s.,..1.... ..M. . _ ' _