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HomeMy WebLinkAbout1422 i TOGF.TIIER \~'1TII all aeid singular the trnemcnts, hcrctlit:?mrnts and appurten.~ncex therrunto lxlongin~ or in :u>>wisr thereunto appertaini~q and the rcnts, issues and profits thcreof, and also all the estate, right, tidq interest and all rl:~im and cfr~uand N•hatsor~cr, as wrN in law as in rquity, of Ihe said ~lurtga~or in and to th~ samc, includ~ng but ~ot limital to; (a) :111 rcnts, prvtits, rea•enues, royalties, ri~hts and benc(its deriecd (rom ( I) crops g~oNn on said s~c~uity and pral~ue uf the wil otherHise oil, ,q:?s or mincral leases of thc prcmises or ~ny part thc~co(, now ~xisting ot hcreina(tcr ma~lt, and (3) aU other rents, issu~s and profits of the p~emises irom time to time accruing, whether under Iea~es or tenancies n~w existing or hrreaCt~r eteated; in each sunc ~ase w•ith the r'ght in the ,liortc~4~, but ooly at its o~tion, to recei~•e aiid r~c~•ipt there(or :uid to apply the s.-emc-as it may el~c! to any indebtcdn~ss se.ured hereby, and ~he 1~lortg~gce, at its aptiun, may dem:+ud, sue for 3 anL rc:o~rr any such pa}~~ncnts, rescn•inq to the ~lortgaGOr, hoH~cvcr, so long as said \fottg:+QOr ic not in dcf:uilt hcrcunder, the ri~ht to « cri~•e and retain such rents, issues and profits. (bl All judgrncnts, a~vards of cl~m.?ccs :u~d srttlements hi'Ycaftcr made as a result of o~ in iicu o( :~ny takinQ of thc prcmises or any put thcreof under the power of emiuent don~ain, or for auy da~nage (whcther c.iusiti! hy siich taking or othcr~•isc` to the premises or thc irnprorements thrreon or any patt thcr~~(; such part of any such judgmcnt, a~vard or setticinent, as the \(ortgagee may elect to be appli~d to the indebtedness heteby sccu~ed and the balance thereof, i( any, to bc r~scn•cd to thc ~ party or patties otherwis~ i•ntithyl th~rrto. TO li:~\'E A\D Tn liO1.D the al~ove grantrcl and descril~ed premis~s to the said ~tort~agee, its successon and assi~~s, torc~cr, anii thc s~id AtorteaKOr docs herebp fu11y warrant the titk ~b s:iid l~nd, and wiA dcfend the s:ime a¢ainst tl~~ I~~vful ~ l:~i~ns of al) prrsons whomsocver; pro~•ided always th:?t if \tort~aror xhall pay to \1ortQagre that ccrtain promissory note abovc di•.uribed and shap per(onn all othrr cocenants and conditions of s:?;d proinissory note, aod of any renewal, extension or modi- (icatiun thercof, and of this mortgaq~, th~n this mort~;?ce and thc estatc hercby crcated shall cc:?u and bc null and coid. \1ortG.~¢or further i•o~enants ani! :?grers with ~torteiece as (ollows: 1. To pay all sums includine interest se~uretl hercb~• ~r•hen duc. as pro~•ided for in said promissory• note and :u~y renewal, ~ c~tcnsion or mod~fication thcrcof and in this mort~aeP, all such suens to be pa~able in l:?wful money of the United Statcs of ~ :lmeriea at ~iort¢acee's aforesaid principal o((ice, or at such othcr pl:?ce as \iortgagee may designate in writing. / / 2. To pay ~vhen duc, and without rrquirinc ~ny notice from ~iort¢agec, all taxes, assrssmcnts of any type or nature ~ and other char~es le~•irii or ~ssessed ac.~inst the premises hereby encumberecl or any interest o[ \tortRage therein. To imm~iatelc ~ p:?y and disch~ree any c-laim, lien or encmnbram•e aeainst snch premixes which may be or btrome superior to this rreortGa¢e and to permit no def:~utt or delinqueni-~• an any oth~r li~n. Pocumbr:i~ce or eharge a,r,ainst such premises. ' 3. If required b~• \iort¢aerr, to also m.i?ce inntithl}• i}eFwsits ivith \1ort~a¢ee, in non-interest Ix:~ring account. toeethcr ~vith and in addition to interest and princip.~l. of :i sum eyual to one-hvrlfth of the ~•e:?rly taxes and assessments whirh m:?y be le~-ied ae.~inst the premises_ and { if so rrquin~l) onr-t~vrlfth of th~ ~•~arh p~PR11UIT15 (or insurar.ce th~re~on. The a~no~~nt o( such tlzes, asse~sments and premiums. ~rhen unknown, shall be estimau~d bp \fortg~gee. Such deposits shatl be usecl by \ie~rt~acee to pay such taxes. assessments :incf prerniums w•h~n due. :1ny i~:su(fii~iE•n~}• of sut~h arcount to pa~• such charqes when due sh:Jl be~ paid by ~lortcaeor to 11orlRaYee on dcmand. lf, by rc,~son of an~ dcfa~dt by ~lortgagor under any pro~•ision of this mort- tiige', ~1ortCarei• d~cl:~res all sums srcurecl hereb~• to ix due and pa~-ablr, ~iortqa¢ee may then apply any funds i~ said account aeainst the entire indebtecin~ss secured hereby. The enforceabilitr• o( the co~•enants relatinq to taxes, assessments and insurance prcmiums hcrrin oth~rr~•isc pro~~id~d sha11 not }x• a(fcctnl cterpt in so far as Ihau obliQations ha~•~ kx~en met by compliancc with this para¢raph. ~tortea~cc m:iy from time to time at its option w-.~i~•c. and a(tcr any such wai~•er rcinstate, any or all pro~•isions hcrcof rcquirin¢ such d~posits, by noticc to \tort¢aeor in writine. 1\'hilc any such wai~~cr is in effcct .liort¢aqor shall pay ~ax~s. assessments and insurance pmmiums as hcrein els~~here procideci. 1. To pa~ :~ll ta~rs. stimp taz or other charGe whieh m:?p br ass~sseJ upon this mort¢a~~, or s.iid note, or indebtedness srcure~i hereby, withnut ~e~ard to an~• !aw•, Feeleril or State, her~tofore or hereafter enacted, imposinq p~yment o[ all or am• p.vt thPnroi upon ~1~rtc.i~~c. in ~~•ent o( enactmcnt of am~ law imposin¢ payment of a11 or any portion of any such t:?aes upon ~tortcaerc. or thc renderine bg any court of last resort of a decision that the undertakina, by \iortgagor. as herein pro~•idrd, to pa}• su~h tax or taxes is lee~lly inoperatice, th~n, unless .lfort~a¢or nea•~rthcless pays such taxes, all snr?:s hrreby ser~~red, without any declucti~n. sh:+ll at thc option of ~tortgagec bcrome immediat~ly due and payable, notwithstanding anything containe~! hercin or any la~v herctoforc nn c~r~a(trr rnactnl. ' S. To ke-ep the premises insured against loss or damage by (ire. windstorm or extendcd co~•era¢e and such other hazards as ma~• I~c ~cqui~etj ~y ~(ortCaCCr. in form and amounts z+tisfactory to, and in insurance companies appro~•ed by ~fortgaqee, and with . a~-cept~ble mort¢:~eee loss payable clauses attached_ Such poiicies. toqether with such abstracts and oth~r tidt e~•eden~e as m~?• M~ rM~uirc~l bt~ 3tortcagcc, sha!! be dclirerc~ to and held by ~iortga4ee without liability. Upon forecbsurc of this mortqaqe or f oth~r :uquisition o( th~ premices or any part th~rcof by Mortqagee, said policies, abstracts and tidr ~t-idence shall become thr absolute propert}• ot ~tort¢a~ec. 1 To first obtain the written cons~nt of \tortqa¢ee, such consent to b~ ¢ranteci ot withheld at the sole dixrction oE such ~ \tortcacr~. }„dore (a1 rcmocinG or demolishing an} buiWin¢ ~ow on c~reaft~r ~rectrd on the premises, (b) aEteri~g ihe arranqe- tnent, d~•ci¢n or stn~cturil ch~racter thereof, (c) making any npain which imroh•e the remo~•al oI structural parts or the ~-~posur~ of the interior of such buildinq to the elements. or (dl except for domestic purposes, cuttin,q or remo~•in¢ or p~rmittinc - thc cuttinc and rFmo~~al of any tr~~s or timber on the premises. ~ To in~int:~in pre~nises in qood condition anci repair. includinq but not limited to the makinq o[ such repairs as ~tortgag~~ ~ m~~• from tim~ to tirne deter~nine to be necessaty for th~ preservation of the prcmises and to not commit nor pcrmit any ~vast~ thereof. ; 8. To compl~~ with ~11 laws, ordsnances, r~gulations, cocenants, condit;ons and restrictions affecting the premises, and not to suffcr or pctmit any ~-iol:+tion therrof. 9. If iforte~cor fails to pay any claim, lien or ~ncumbrance whech is superior to this mortgag~. or, when due, any tax or ~ssessment or insurance premiue~. or to ke~p th~ premises in r~pair, or shall commit or p~rinit waste, or iC therc be commenced .~n~ aciion or proceedin¢ aff~ctinq the premisrs or the title thereto, then ~iortqagee, at its option, may p:?y said claim. lien, en~um- . branc~, tax. :tssess~nrnt or premium. with right of submgation thereunder, may make such repairs and take such steps as ii deems :~d~~isaLl~ to pre~•ent or cum such waste, and may appear in any sueh action or proceeding and retain counsel therein, and tak~ su,~h .~rlion therrin :u ~1ort¢aGee deerns ad~~isaLle, and for any of said purposes :~tortgagee may adcance such sums o( money, includin~ aU costs. fecs and oth~r items o( expense :u it deems neceuary. Atortqaqee shall be th~ sole judgt of the legality, ~aiidity :u~d priorih• of any such claim, lien, encumbranc~, tax, assessment and premium. and of the amount necescary to 1x paid in satisfa~ tion thrrrn(. ~fortca~ee shall not be held accountable for any delay in making any such pavmcnt, which dclay ma~ r~sult in am• additional int~rest, rost, ~harges or expense otherwise. - 1~. \forteaeo~ wifl pap to ~fort¢ag~c, immediately and without demand, all sums of mon~y advanced by \tortGace~ pursu- ant to this m~xtcac~, toeeiher with interest on ~ich such adcanc~ment at the rate of ten per c~nt. (]0'yi) per annum, and atl surh wrns ~nd interest thercon sh~ll be s~curcd h~reby_ 1 1. :111 sums of money secured hereby shall be payablt without any reii~( whate~•~r from any valuation or appraisement laws. 12. If d~f,~dt tx~ made in payment of any instalment oE principal or inter~st of said note or any part thereo( when due, or in pa}-ment, when due of any other sum secured hereby, or in performance of any of blortgagor's obligations, co~~enants or aqrce~nents her~under. all of the indebtedness secured hereby shall become and be immediat~ly due and payable at the option oE Atortgag~e, without notice or demand which are hereby e~pressly wai~•ed, in which e~•rnt Aiortgagee may a~•ail itsrlf o( all rights and remedics. at law or in equity. and this mortgage may be foreclosed with all riqhts and rem~dies afforded by thc laws o[ Pbrida and ltortgagor shal! pay all costs, charga and expens~s thereof, including a reasonable attorney's fer. . a40K ~O4 PAGt ~~;K ~O5 PA;c ~ ,~,2 ,1 ~ ~ ~ " ~ _ -