HomeMy WebLinkAbout2582 TOGFTHER \1'ITtI all and singul:?~ the tenemrnts, hrredit.uu~~uts ~nd appu~trn.~nces th~•rrunta lxlonginti or in .u>>wis~•
thcreunto appertaining and• thr rcnts, issurs a~~J profits thereo[, and~ :;Iso all the estate, right, tidc, l1ltffMl and all rlaim .~nd
dr~uZnd whatux~ver, as wrll in ls+v as in equity, of the zaid \lortge¢or in :ind to th~ s.~me, including but not limite~l to:
(a) :111 rents, profits, r~~enu~s, royalties, riehts and benetiu deri~•eci (rom ( t) crops gruwn on said sccurity .lI1lI PfINIUI'C
of thc soil othcmisc oil, gas or minrral lr.ucs o( ihc pn•mises or :uiy part thrrrn(, now cxistinq on c~~cinaftcr madc, auJ
(3) all other rent~ iuues and prolits of the p~rmises fron? time to tiuie accruinK, whrther w~der ?r:~srs or tenancirs now oxistinc
or herrafter create~d; in e.?rh such case with the right in the \torte.?geP, but onlg at its optiou, to recei~•e ~nd recript therrfor
and tu apply the same as it may elect to any indrbtedneu secur~~d hercby, and the \lortg.~eei•. at its option• m:ey d~'nr•~ud• sur for
:uid rei•uver any such pay~n.•nts, n~s~r~~ing to the \fort~.~gor, howr~•rr, >o long as said ~torte~eor is not in dcLiult hc~cundcr, th~
richt to recci~•e :~nd ret.iin such rents, iuues and profits.
(b) All judg~ncnts. :nv~rds of d:~u~.~gcs :ind s~•tdi•m~nts hrrc.+ftcr tii:~dc ~s :i r~•sidt of or in liru o( .~ny t.ikinc ~~f tt~~
premises or ~ny part thereof under the power of eminent doni.iin, or for arey damake (..•h~~her c.~used hy such t:?kine or othencicel
to thr premises or thc impro~•ements thercon or any part th~~rey~f ;~uch part of :tnq such judgment, ~~.•.~rd or settl~•ment, as thr
\fortg.~Gee may elect to be ~pplied to ihe indebtrciness hereb?• se~ ured and the bal.~nce thereof, i( any, to be reser~•ed to the
party or parties oth~nvise entid~Y1 th~ reto.
TO 1L•\VF. :\\D TO }In1.D thc ata~•c grantn! and dcscrilx-c1 prcmiscs to thc said ~i.~rtti~~cc, its succcssors and auirns,
forcccr, and the said !lfort~aKor docs hercb?• fuUy w:vr:?nt thc titlr tc~ caid I~nd, and wi11 drfcnd thc s:une :ie.unst thc 1.~~.•fut
~L~i~~is of all persons ~vhomcoe~-er, pm~•idrd :+Iways that i( ~tortg.~uur sh~ll pay to \tortKagee that ~ertain prmniswrp note af~oce ~
dc-scritxYl a~id shall per(onn all other cocenants and conditio:is of saict promiuor~ rote. and of an}• reneN•al. extension or modi-
fi~ :~tion therrnf, and of this mortS~ge, then this niortK.?¢e and the est:u~ hereby cre~teci shall cease and lx~ null and ~•oid. ~
Afortcagor (urther cocrnants aeui aqrces \YlI}l ~IA[1e1QCf as follows:
1. To pa}• all sutns inclu~linK interest sccureel hereb~• ~.•hcn duc, zs provid~d for in said promiuory note :~~d any rcncw•al,
extensiun or mod~fication thereol and in this mortgace, all such sunu to br payable in la~vful maney of the L'nited States of •
:~merics :?t \iortgaeee's aforesaid princip~l of(ice, or at such ather pl~ce ~s ~tortgacee rna> designlte in writing.
' 2. To pay when due, znd ~vithout rcquirinc :?a,r• aotice from \tortc1qe~, all t.?xcs, asscss~ncnts o( any t}•pe or naturc
and other charges le~~ied or a:sesse~cl :+gainst the premises herrb}• rncumbered or ~ny interest of \tortQ~qe therein. "fo immrcli~tclc
pa~ an~1 discharqe am• cl:~ien, lien or encwnbr:~nce s;ainst su~h premises which m~y be or become superior to this mortc:?Ee and
to permit no de(ault or delinquency on an~ other lie-n, ~~ncumbrance or charge ac~inst such premises.
3. If requir~d by ~tortcae~-e, to also ~~iik~ nu~nthh• dr~wsits with \lortea¢ce. in a non-interest tx~iring a~count, toccther
~•ith and in :~ddition to int~rest and principal. o( :i su~n Ci+11:iI to one-twelfth o[ the ff:Ifly I.IXPS and assessments which may M~
k~•ird ac.~inct the premises, and (if so requin~dl ORC-h1'Clllfl of th~ CC.IfI)' nfCI111UfO5 for IIlSU~70fC th~reon. The amount of such
taxes, asscssments and premiums, a~hcn unknown, shall br euimaarl M• \iortc:?QCe. Such deposits sha11 be used by ~tort~aere
to pay such taxcs. aucssmcntc and pr~miums N•hcn duc. An}- in,u(iicicnc~• of su~'h account to p~~• such charRes whcn doc sh.~l)
be paiJ U}• \tortGacor to \tort¢a~ee on demand. If. bq rr.+son of am• de(ault by \tort~.~¢or unc~er any pro~•ision of this mort-
¢Zgr, \1ortR_~°cr d~~l~res nll sums securnl hereby to bc duc and p.iyahle, ~iort~a~re may ihen apply any funds in said account
against the entire indebtecln~ss secnred hereb~•. The e«forceabilih• of the cm•enants rel:?tin4 to taxes, asseuments and insurance
premiums hercin otherwise pro~i~t~d shall not be affecte~! e«~rpt in so far as those oblieatic~ns hace been met b~ ~ompliance with
this p:?raeraph. ~iort~:i¢r~ maa• from timc to timc at ets option N~zivc. and aftcr any such wai~•cr rcinstat~, any or all pro~•isions
hereof rrquirin~ su~-h e~eposits, by notice to 111ort~a¢or in writinc. ~~'hil~ any such wai~•er is in effect ~lortg.~¢or shall pay tates.
~ asc~sstnents and insurartce premiu~ns as herein elsewhere providccl.
! 4_ To pay all taxes. stamp tai or other chars;e ~.•hich m:~y bc assessed upon this morteaRe, or s:iid note, or ind~btedness
F sc~ured hercby, withoiat rce~rd to am• law. Fedcral or State. h~retofore or hereafter en~~ted, imposinG p~~•mcnt of all or am~
! p~rt thereof upon 1i~rteacee. In ea•ent o[ enactment of an}~ law imposing pa}ment of all or an~ portion of an~ such taxes upon
~ \fort~acee, or thc renderine by any court o( last resort o( a decision that the und~rtakinP b~• ~torteagor. as hercin pro~•ided, to
~ pa~• such tax or taxes is Ieqally inoperatia~e, then, u~less :~tortXa¢or ne~•ertheless pays wch taxes, all sums h~mb~ secured, without
` any deduction. sh:~ll at the option of ~iortgagee txcome immediatel}• due and payable, notwithstanding anything containni herein
or any law hcrctofore on c~rc~ftcr cn:utcd.
~ 5. To keep the prcmiscs insured against loss or damage by (ire. windstorm or extended coecraqe and such other hazards as
~ may be r~quired bv \tortc~ree. in form and amounts satisfactory to, and in insurance companies approa•ed by \fortcagee, and with
~ acceptable mort¢~¢ee loss pa~•able clauses attached. Such policies, together with such abstracts and other title e~•idence as may
~ t~ reyuired by Aiort¢agee, shall be deli~•erecl to and h~ld by 1lortgagee without liability. L'pon foreclosure o( this mortcace or
~ other acquis~tion of the premises or any part thereof by :~tortga¢ee. said policies, abstracts and tide e~•idence sh:~ll become the
~ abwlute properh• of ~fort¢a¢ee.
~ 6. To first obtain the wTiuen cons~nt of :~iort¢:+cee, such consent to be ¢ranted or withheld at the sole discretion of such '
~lorteafiee. Ix~~ore (a1 removing or demolishinq any buildinq now or hereaR~r erected on the prem~ses, (b) altenng the arran¢c-
s
~ ment, c3esien or stru~tur~l character thereof. (c) making anc repain which im•el~•~ th~ remo~-al o( structural parts or the
~ _ . .
~ ex~sure of th~ intenor of snch building to the elements. or (d1 except for domestic purposes, cutting or remo~•inQ or perm~thne
the cuttine and remocal of any tre~s or timber on the premises.
~ 7. To maintain premises in ¢oocl condition and repair, ineluding but not limited to the makin¢ of such repairs as lfortgiqee
ma~• ~rom timr to tirne detennine to br necessarq for the presen•ation of the premises and to not commit nor permrt any ~vaste thereof.
8. To compl}• with all la~vs. ordinances, regulations, cocenants, condiiions and restrictions affecting the premis~s, and not
~ to suffer or permit any ~-iolation therrof.
9. i( ~iortea¢or fails to pay any claim, lien or encumbrance which is superior to this mort¢age, or, when due, any tax or
~ ascessment or insur.+nce premium, or to k~ep the premisrs in repair, or shall commit or permit waste. or if there be commenced
i~ any action or procecdin¢ affectinq the premises or the title thereto, then Afortgagee, at its option. may pay said claim, lien, encum-
~ branc~. t:ex. :usessment or premium, with right o( subrogation thereunder, may make such repain and take such st~ps as it deems
:~d~~ic:iUle to prr~~ent or cure such waste, and may appear in any such action or proceeclinq and retain counsel therein, and take
surh action therein as :ltortgacee deems ad~•isable, and (o~ any of said purposes Alortgagee may adcance wch sunu of mone~,
=•i includinG all costs. fe^s and other items of expense as it deertu necessary. Afortgaqee shall be the sole judge of the leqalit}•.
~~alidih• and priority of any such claim. lien, encumbrance, tax, assessment and premium. and o( the amount necestary to be paid
in satisflction ther~f. ~lfort¢agee shall not be held accountablt for any delay in makinq anp such paymrnt, which delay may
result in anv additional intcrest, ~cxt. charqes or expcnse otherwise.
- 1~. ~furteacor will pay to ~tortgaqee, immcdiately and without demand, all sums of mon~y ad~•anced by ~tortC~~ec~ pursu-
a~it to this mort4~¢r, tuecther with interest on each such ad~•ancement at the rate of ten per cent. (10!"r ) per annum, and all
su; h sums :~nd intcrest thercon shall be securcd herrhy.
;T~; l 1. :\ll sums of moncy securcd hereby shall be payable without any rdief whate~•cr from any ~~aluation or appraiscrnent laws.
12. if default h~ made in pa~ment of any instalment o[ principal or interest of said note or any part thereof when due, or
in payment, when due of any oth~r sum secured hereby, or in performance of any of 1lfortqaqor's obligations, co~•enants or
aqreements h~reunder. all of the indebtedness secured hereby shal! become and be immediattly due and payable at the option of
lfortgagee, wethout notice or dem~nd which are hereby e~pressly wiiced, iu which e~~ent ~fortGagee may a~•ail itsrlf of all riqhts
.
- and remedics, at law or m equity, and this mortqage may be forecloscd with all riqhts and remedifs afford~d by thc laws of
s~ Florida and !ltortgagor shall pay all costs. chzrges and expenses thereof, including a reasonable attorney's fee.
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