HomeMy WebLinkAbout0011 'TOCF.THER 1~'ITII all and singular ti~e trnrnunts, hcrcditamcncs and appurtrn.~n~-rs the~.•unto belongi~~~ or in .inya~isr
thcrcunto ap}krtaining and thc rcnts, issues and profits the~cot, and also all thc estate, right, titlc, intrrest anJ .dl claim :~nd
dcm~nd Nhatsur~~~r, as wc~ll in I.~w as in rquity, of 1he said ~lurtga~;or in :?nd to the same, including but not limitnl to:
(a) Ail ~ents, pro(its, rr~~enues, royalties, ri.Ghu and bene(its drrivad (rom (l) crops g~own un said security StU(I F1fMIlIfP
of the soil otherwise (2) oil, gu or mirt~ral I~ZSCS ot Ihe prrmiscs or a~~y part th~rcof, now e~isting on c~rc~na(tcr made, ancl
(3~ all other rents, issues and pro[its of tht premises [ro~n time to time accruing, whether under Ir.?srs or tenancies now existinG
or hereatte~ ueateei; in rach such case with the right in the \[orteaGee, t,ut o+ely at its o~tion, to reci•ire :u~d re~cipt ther~•fo~
and to apply th~ sa?nc as it may clcct to an~• indebtcdneu seYUnYI hereby, and th~ \1ort~aGcc, at its option, nny dc:nand, sur for
a~ed reco~e~ ~ny xech payments, rrservinq to the \turt~.~~;or, ho~ne~•er, sa long as said ~tottK:~eor is not in d~•fauh hrrrunder, th~
righl to rceci~•c and retain such rcnts, issurr and profits. ~
(b) :~Il judg~nents. a~rar~ls o[ d:m~.~ges :uid settlrm~nts hereaftcr madr as «•sult of or in (ic•u of ;~ny takinc uf thr .
premises or any part th~n~f under the POWPf of r?ninent dornain, o(~~r any dantage (whether c.~us~•d hy such taking ar othen~ic~1
to the prcuiises or d~c i~npm~•emrnts th~reon or any p~rt thcn-of~~such p:?rt of any such judgment, ~ward or setdcment, as the
~lortgaeer may eln-t to tx~ appli~•d to the indebteclness hereby securrd aud the balance thereof, if :~np, to be ~eurv~d to tE~e
party or p:t~tics O~IICf\YISP i~ntitle~d then•to. :
Tn I1:\\'E :\\D Tn llnf.D ihc ~{~ovc Grantivl and d~~scriix~d prrmiscs to thc said \(ort~ifi~r, its s~~ccessors and assicns,
iore~•c~, arzd th~ z~id Atorte:?e~r ci~s hercb}' full}• ta:irrant the dtl~ to s:~id I~nd. :md will d~•frm! thr s:une aca~nst the l.~wful
~ Liims of al) p~~n~~ns ~vhomu~~~~e~r: pmvidi~ei al~v:?ys th:+t if ~tortg.~~or sh:ill pa~• to ~fortcagcc that ccrtain pro~nissory notc abo~~c.
desrribed and shall pcrfonn all Mher covenants and fOil(IItIOIIC of said pmmiswry note, ~nd of am• rene~.•al, e~tension or mocii-
firation thermf, and u( this mortGaqe, then this morte~e~ and the est.ue hrreb~• createcf shall er.~se and be null and roid.
\fort~s¢or furthcr cov~~nants ~nd afirces ~~ith ~tortGi~cc as folto~cs:
1. To pay :dl sums includirtr interest sec~.ucvi hereb~• ~vhen due. as pro~ided for in s:~id proaiissory note ~nd any rene~val.
cxtensioz~ or m«i~(i~•Ztion thcrcof and in this tnortGaGR all such su~us to l~r pa}•~blc in I:~Nful moncy of thc L'nitnl Statcs of
.lrtteriia at 1~urtGazre's :dorrs~id princip~l office, ur ~t surh other place ~s \lortqagee ma}• designate in writi~~G.
2. To p.w ~~•h~n dur, and without rcyuirin~ an~• notice (rom \lorte:~gee, all tixes, :uscssmcnts of any type or nature
.~r.d other chlrces le~•irci or .~sseu~ d:~~ainst the premises h~•rrU}• encumben•d ar an~~ interest of 11ortGa~e therein. Tu imm~diat~l~•
pa}• and iliscl~arRe` am• cl~im. lien or encumbr.~nee :~e:~intt surh pretnises which may t?e or Fxt-otti~ superior !o this tnort~ac° and
to pennit no ~i~(:~ult or delinquenc~• on an}• other tirr~, ~ncu~nbram-e or rhar~e acainst such premiscs.
3. If r~uir~d b~- \forteaeee. to .~tco nw3e u:onthlc ile~x>sts ~vith ~iortea¢re-. in ~ non-inteeest h~arine a~count, to¢eth~r
u•ith an~! in :eeldiiion to interest and princip:~l. of a suiu e<~~::~1 t~~ ane-t~vel[th o( the yeirlp taxrs and assecsments which may be
le~ied ae.~inst the pre~nises, and (if so requir~dl onF-~~.•rlfth of the y~•arly premi~uns for insurance thereon. The a~nount of such
taccs, :?ssescmcnts and prrmiums. N•hcn uni:nown. sh:~ll t~c i-stim~t~-~t f~~• \fort{aerc. Such dcposits shall bc uscd by- ~lnrteactr
to paq su~h tases, as;rssments :?nd premiums K~hen du~. Am• in:uffirirn~ y of surh account to pay such chuqes when due shall
bc paid b~• ~lort~~~or to \fort~aecc on d~•snand, li, U~• r~;is:~n of am• d~f:~ult by !1lortea¢or undcr any pmrision of this mort-
Ea¢e, \[orte.+^_~r de~lar~s all sums SMUfC(I IICfCf)\• (O Ue due an~i pa~:ible, \iortqage-e ma~~ then :~pply any (unds in said account
aQainst thc CII(IfE' indcbtedn~cs sc~~urc,l hcr~hv. Thc cnforccabilitr• of thc cocrnants rcl~tine to taxcs, ass~ssmcnts and insuran~c
premiuins herein oth~nvise pro~~ided sh~ll not Le affrct:Y! exrept in so far as thos~ obii~ations h~~•e been met by ~~umplianc~ ~cith
this par:~craph. \lort,:~krc m.?>• from time to t~mc at its option N':IICC, :Ifl(~ :IEIff :+ny such H'311'C( rcinstat~, anq or all pro~-isions
h~rcof r~uirin~ su~ h dc~sits. t>y noticc to ~tortcaeor in writine. \~'hilc an~• such wai~•~r is in cffcct llnrtG.~COr sh~lt p:?~• t~xrc_
acs~ssments and insuran~e premiums as hcrcin clsewhrre procid~d.
4. To pa~ all ta~rs. st~mp tax or othcr charee ~vhirh ~iia~• ix~ ~SSCSSCd i~pon this trcorteae~, or s.ud reotr, or indebteclness
xrcurcd he•rrby, without re~ard to iny la~v, Fcdcral or St~tr, heretofore ~r herea(ter cn:?rtcd, imFwsine p.~ctnrnt of all or am~
p:~rt thrrcof upon \iorts;:icFe. In e~•ent of enactment of ~n~• liw itnposing pa}•ment of all or am• portion of any such taxes u~C~n
~iort~ic~•e. or the r~nderink by am• court oI last resort of a decision that the undertakin+~ hy ~forte~gor, as hrrein providcYl, to
p:~}• such tax or taxes is lee:illy inoperatice, then, un[ess \torteacor nr~•ertheless ps}-s such ta~es, all sums her~by secured, withnut
an~ deductintt, sh:itl at the option of \torteaqee br~ome immediately due and pa~•able, notwithstandi~g an}•thinG contained herein
or ~n~• l:?w hcretofore on c~n•afi~r en~cte~d.
5. To k~ep thc premises insured ~gainst loss or dama¢e by (ire, windstorm or extended co~•erage and such other ha~arJs ~s
rna}• be reyuired bp ~loncacer, in [orm and ~mounts satisfactory to, and in insurance eompanies approrrd by \fortc:?eee, ancl w•ith
acc~ptlble mortca¢ee loss p~~•~ble clausa attached_ Such policies, to~ether with such abstracts and othrr title ~~•idenre as may
bi- n~qitir~d by JtortC~gcc, sh:+l! ~e d~1i~•crcd to and held bq ~.lfortgaqe~ without li:?bility. Upon foreclnsure of this mortq~¢c or
oth~r ace~uisition of the premises or any part thereof by ~iort¢agee, said polici~s, abstracts and titl~ e~-idenc~ shall become th~
absolutF propcrty of ttort¢a¢c~.
fi. To first oM:~in the written consent of \fort¢a¢ee, such consent to be ¢ranted or withhcld at the sol~ discretion of such
\(nrt~.~C~~. IH•(om ; a~ rcmo~•inG or demolishinQ an~• building now or hereafter ~rectcd on the premises, (b) altering the irrance-
uient. d~~i¢n or stn~ctar~t character th^reof. (c) makin¢ any repairs which im•ol~•e the remoa•al of strurtural parts or the
ex~,sure ot thr int~-rior of such buildinc to the ele~nents. or (dl except for domestic purposes, cutting or remo~•ing or permittine
th~ cuttin~ and remo~•.il o[ any trcrs or timber on the premises.
i. To maint~io premi;es in cooc! rondition and repair. includinq but not limited to the makin~ of such r~pairs as '~fortGaqee
•cn~}• frotn tim~~ to time detFrinine to bc r.~cessarp for the presen~ation of the premises and to noi commit nor pennit any ~vastc thereof.
8. To compl~ ~n•ith all laws, ord:ninces, requlations, co~•enants, conditions and restrictions affecting the premises, and not
to suff~r or pcrmit any ciolation thcrcof.
9_ If ltort¢aeor fails to pay any claim, lirn or ~ncumbrance whi~h is superior to this mortga¢e, or. when due, aoy tax or
:~s~r~crn~nt or insur.ince pr~mium. or to k~ep the prcmis~s in repair, or shall commit or permit w:lste, or if thcrr be comm~ncPd
.~ny .u tion or prcx~~~edine affectinc the premises or the tide thereto, then ~toneaqee, at its option, may pay said claim. (icn, encum-
hrance, tax, :tssessmi•nt or premium. with richt of subro¢ation thrreunder, may make sach repain and take such steps as it deems
,~dci~.~btr to pre~•ent or cure su~h waste, and m:?y appear in any such action or proceedinq and retain cuunsrl th~rein. and take
cu~ h.~~tion thrrrin :u ~tortqagec dcems ada~isaUle, and for any of said purposes ,fortqagee may ada~anoc su~h sunis o( mon~y.
in~ h~dinC aU costs. fe.s and other items of expense as it deem~ neccssary. 1~tort¢aqce shall br thc solc jud¢e o( the tegality.
calidity ~nd priority ot any such claim. li~n, enc~mbrance. tar, auessment and premium, an~1 of the arnount ?errss.~n• to be p.~id
in s:?ti~faction therrnf. ~fort~aeee shall not be hPld account~ble for aay delty in ma~inq any such pa}•rn~nt, which delay may
rrsult in any ~ddition.~l interest, cost. char,qes or expense otherwise.
1l1. ~lortcaeor wili pa}• to ~iorte~gee, imm~diatel~• and without demand, all sums of mone~• adcancnl by ~iort~ac~e pursu-
:u2t t~ this mort¢:~e~, toeether with interest on P.lf}? surh ad~ancement at the rate of ten per c~nt (]i)^,'~ ) per annum, and ali
su~ h su:n: and interest th~reon sh~ll be secutcd hPreby.
I 1. :111 sums of monc}• sPCUrcd hereby shall be payable without any relief whate~•er (rom any ~•aluation or appraisrinent Ia»-s.
12. If dcf:+ult he madc in payment of any instalment of principal or interrst of said reote or any part thercof whcn due, or
in pa}•ment, w•hrn due of any uther sum stcured hereby, oz in performancr of any of :liortgagor's obliqations, coa•enants o~
aqrc~m~nts hcreund~r. :i11 oI the indebt~dneu sccurcd hereby shall bccome and be imm~diately duc and payable at thc option o(
Jiortca¢ec, w•ithout notice or demand which are hereby expressly waiced, in whi~h ~~•ent 1lortgaqee may aa•ail itsclf of all rights
:md remedics. at l~w or in equity, and this mo~tqaqe may be foreclosed with alt riqhts and remedies af(orded by thc lsws of
Florida and ,liortqagor shaU pay all cosu. charges and expenses thereol, incluJing a reasonable attomey's fee. •
~OOK~I/5 PAC~ ~ p~ ~s
~'~c ~tc ~.-ynC.
~ 4~
.}'^zf' .cl.'e_~.-r.e_~... . _
_ -a~ ~