HomeMy WebLinkAbout3107 TOGl:TH~~ N'!TH all and ~inKult?r the tenrmrnts, hrn~litanieutr anJ appurt~~nanoed iGrreuntu brluugi~~g ur in an~•-
w•~~~~ thrrru~uu ap~~rtaiuiu~; and th~~ rnnts, ~~.uc~< un~i pn~tits th~r~Y,f. and alW? atl the .~state: riRht. title, intereat and aU olsim
nnd dru:aud M~hat;~~v.•r. as wrll in IaW as iu ryuit~•, uf \1~~r~Kt~ur m aud to ~I~~~ .umN, includin~,• t~ut nu! limitrcl tu:
(s) All renls, pn~ht., rrvruuc., ruysltic~. r~his aud i~pnutit~t drriv~rl frun? (U rru~c Kruw•t~ un ~aid s~K•urity' aud pnxiuce
ot thc• W~il uthenai~ C-) uil, ~a.. ur tnineral lee~~r+ uf the pren?I+a~ or ~n}~ psrt ihrn+,f, nuw Px~sUng ur 1?emaf'trr ma~IP, w•ith thu
r~Kht tu rra~i~•e and rn~xipt themtur and apph• th~• +uunt+ tu the md~ :~t~rln«~. sc~~un~l hemby ~~iti?r~ befure ur after auy detault
henuml~•r, and ~Iurt~u~~~• uiay ~iNman~l, +uc~ ~ur and nruvrr any wch ~u+~•~uent+ Lu~ +1?atl not t?e n~uircvl so to do, and t3) all
uther rents. i"ui~ and pruRt~ uf the pre~ui~~ fn,ni tiu~~• tu tiu~~ uccruinK, wh~•ther under Ir~~+es ur tenancies noN ari.ting ur
hen•att<~r enat~vl, r~~~'~nK tu \Iurtg~ur, huwN~•er, so lu~q; s.. \lurtgagor ?s nut in drfault hereunder, the right to rec:eive and
n•tsin tl~e mnt~, i+suc+~ sud pn,fitx in clauuw (11 and (:i) he~cin.
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(b) AU juJgn?ent., aNanls ~~t damakc~ and .ettl.vut~ut~ herri?tter n?u~i~~ ra:ultinK trom cundea~naliun procec~liu or the
takinR ot th~ prnnu,c~ ur an~ part th~•~r~~f under Ihe puw•^r ui emi~ent doinsin, or fur an}• ~*Tna~cs~(wh60~el~~m b~ such
taking ur utl~rrM-i.~l to th~ prenusc~c ur ~he impn?~•emeots th~•m~n ur any part thenv~f, ~~r ta ~n~ tights appu~tenan! t erc~to,
inclu~linQ an}• aw•ard for eLange uf grx~le ~~F .tn~ts. \IurtKx~~cr i3 hereby authuriied, on bc+haU and in the ns~nu ut \lortga~;ur,
tu ~recute and deli~•er ~•alid aa~uiUauce~: fur, and tu app~~al frum, anv ruch judKments ur srrsni~. ~iurtgagee ma~ apply all
such sums or any ~~t iht~rca~t .w recvivc~l, atter thr pa~•~nf~nt i~f all i?~ itr ~xpcmu•a, including cx~ts a?nd atturnet s' [ee~, on the
indebt~rln~~:.c u~ur~i hereb~• in surh inanner as it Nlrrts, or, at it~ upiiun, tho entire amow~t ur any part the~[?f so receivcd
~uw~ be rulu?,cd. '
. TO H~\'E A1 D TO HOLD the ai?o~•e grantwl and dc~.cribev! pmu~i~es to \fortgagee, it~ succew~rs and assign~, furerer, -
and ~turtKaRur d~~es hereby iullv warrnnt Ihe title t~> ;aid land, end w•iq defrnd the wu?r aKainst the law•tul claims ~d all per~uns
w•hoia~x~ver, pn~vide.l slw~~=s that i[ ~lort~or shall pay tu \[ortgager ~hal certain pn~nu~,ury not.+ abuve d~:~critxrl and shall
perfunn all uther cuv~~nant~ iu~d cunditio~ia uf said prvmixwn• note, aud uf any ren~~Wal, exten.iun or ~n«iiticatiuu thNre~[,
and u[ this m~~rt~;a~, thrn ihis murtKagr and the c~state hrrnb~• createcl shall cease and t?e nuU aud void.
~Iort~;ago~ further cor~nanls and agrc~ with rlurtga~cr a~ fullows:
l. Tu pa~• all sums inchulinR interest securctil h~rrby w•hen du~, ns pruvidcvl fur in ~a[d pn,mi~~on• note and anv renc~w•al,
~xtensiun ur tuixiificaiiuu ihrrec~f and in thiti mortgaKe, sll such ~ums to l~e pat•ablc in law-ful ~nune~• uf the L'nit~~ States uf
Ameriea at ~turt~ec's eforewitl principal ufficr, ur at such uther place a+ ~lurlgager may desiguat~• in w~ritinR.
'3. To jm~• wlicn du~•. .aud ~vithout n~~~uirinK .u~c u~~tic~~ fruu~ \lurlk~~{~r~. AII lBXfti, a.;~~+:~u~~uh uf aiu~• t}•}N~ ur nuti~rn aml
oth~•r c•h:?rKe. l~vi~d ur a:~t~..~rl akainst th~• pr~•iui.~~ h~•rrlr~~ ~~ncu~ulN•r.~) an~l pnHlure~ rcr~•ipt. tlu•rrfur up?n deiuand. 't'u
imnutilu~t~~h• ~K~~• and dirlr.ir}~c• uny ~•laiw. lirn ~~r encunihr:u~~•~~ :?~ai~~st surl~ pn•wi;« I~ich iua~- tK• ~~r Ixru~u~• suµ~riur to
thi. uwrt{;:~~;~~ a:id tu ~N•rn~it nu ~1~•taul! ur ~i~~liu~~u~~nr~• ~~n an~• uther li~~n, eueuiubr.iuer ur ~•harKc• xRuin:t ,ueh prrn?i:t~.
:t. lf rcv~uireci b~ ~tortgxt,me, tu al.o make m~u~thh• dPEx~~itc with ~tort~a~eE+, in a nun-interest ixarinQ account, t~~ether
w•ith and in a~iditiun to interesl and priucipal; uf a~um c~~ual to une-iv?eltli' uf the ~•rarl~• ta~ces and a~~e.+ments w•hich may
he Irvi~~l against the premi+r•, and (i[ w reyu'rPll~ une-tM~eUth of the yearly ~remiums for insurance thenv~n. 'Che smount uf
such ta«c, aa~~,ments and pmmiums, w•hen unkn:~w•n, shall be e,;timated b~• . Iortgagee. Such deposits shAll be uscd by \iort-
~;eo to pay such taties, a+.u~ments and prnmiums w•hen due. an~ insuft:cee.^.^s• L~ ~sch acrount to pay such cher~s w•hen
due shall l,e paid by ~[ortgagor tu JfurtKagee uu demand. If, b}• reasun of any i~efauh by 111ortga~~r under ai?y pru~•is~on uf
thi. mort~;age, ~tort~agcr declares all sums uwcurcrt hemby to t?e due and pa}•able, \iurtgap,c~e may thNn appl~~ an}• funds in
caid accuunt af;sinst tl?e ~~ntire indebtc~lne~~ ~ecured hemb~•. The enfumeability of the cuvenants reiating to taxc~, acce+snient~
and insurance pm~piuws hernin uth~rvri~c providcri shall nut he afftrtcvl except in su tar s. thuse ubli~atiuns hace i~een met b~
~~+~n?plianoe w•ith this paraRraph. \Iorlgt~cr ina}• fn,m time to time at its optiun wsice, and after an~ such w~ai~•er reinstate,
an~• or all pruvisions hereof nrluirinR such dep~~s~t~, b~• notioe tu \tort~,~or in ~~nti~~. N hile any such N•ai~•er is in e~ect
~Iortga~or shall puy tares, asse-vmeuts and in.urence premiums a, herein elsewhere pn?~•ideci.
-1. 'Cu pn~u~ptl~• ps~• all tax« and a:,F~..mi~nts :?~.s~:. ~d or I~cic~l under and bc ~•irlu~• uf an~- ~tatc~. f~vferal. ~~r n~uniei~kl
!au ur ny,ulatiun L~~n•uft~•r ~?;i~~i~l. a~ain.t \lurty^a{;~w~ up~~n this mortK:?Ki• or th~• ~ie~ht h~•rt•b~• s~rur.•1, ur u~H~n it.: int~~n:;L
uud~•r tlii: ~u~~riR.~~;r, pm~•i~i~~l I~u~cr~~~r. tl~at thE~ tuta?I amuunt s~~ paid fur an}• ~ucl~ tax~~ pur~uaut t~r thi: }~raKrnpl• tuRc•th~~r
NitL ti~~• int~•rest ~ki~~abl~• un xaid indt~Lt~vln~:.., ~hall nut ~•xc~~KVI the Li~;l~trt 1:?~cful rate ~~f iuh•r~:;t in F'l~~n~ls :?n~l ~?n?~•i~l~~l
furth~•r tl~:it iu t6+• ~~~~i~nt uf th~~ Na.:u~R~~~ uf au~~ .urh IxN ~~r ny,ulatiun, th~ cntin• indrht~tiln~~:: :iti•ur~vl b~- tlii< m~irt~:~~• ~hall
th~•mu{N~n IN~•um~• iluine,ffhtt•h• ~lu~~ an~l ~w}•ahle• ut tl~~ ~~ptiun ~lurt~aqirt•.
To kt~p tl~o pretni.F. iu:ure~i a~sin:t loti. ~~r ~la~na¢~~ by fir~. t1~e jN•ril: a~,~nin.t H~hich iuw~rancr i; aPfurdcvl h~ thr EXtF~nil~vl
(`~~c~•ra~~• F:~idurc•nu~nt, aud ~u~•h othcr ri,k~ a~~~l pc•nl: a~ \lurtgak~r in it~ ~li:crcti~n? mu~- rt~c~uirc•. The Ex~!ie~, or ~wtecic- uf
su~h in,urnnce .}iall I~r in tl~r f•~nu in K~~nrra) u~~ fruw lime tu tiuie iu the luealit~' in ~~~l~ich ih~ pmwises aie'..ituat.•cl. ;h;?11 •
i~ in .uch amuunt a< ~Inrt~~~y ~ua}• rc~xsunahh• reqain•, ~hal! IK• i•.urd b~• a c,~inpanp ~~r c~~?upanif~s appru~•c•d 1?~- \furt- -
k,~~;~w~. sud ~hall ~•untuin th~• Statt~lar~l \l~~rtk•?y~•~•e ('lau;c• ~~~ith lu,? pa}~able tu \Iurt~;aKF~_ ~\'iu~nev~•r re~{uin~l b~- 11urtKaKir.
such Ewlii•it~:, :uul abstract~ sn~l o1h~r titlt• e~~i~lf~nrc~. :iiall fK~ ~i~~li~~.~n~l imme~lixtel~• t~~ and hcld t~}~ ?11u?1~;~~~r. An}• :.~~d all
a~uuunl~ nr~~i~wi b~ \lurtr.?~~~• wider an}• uf :uc~h p~~lici~~_; ~na~- iw• applie~l b}- \IurtK:~c~~ on the~ imlt~ht~~ln~~:: •~rumd h~•reh~-
in .ucli ma~uu~r ~lurtkaKe~~ ma~•. in it: .~~te ~li:ert~tiun. el~rt ur. at the ~~pti~m uf ~iorlK:i~fY•. ~~le r~~tim xuiuunt .u rtre~~~~rl
~~r anr part thE•r~~~f mA~• Ix~ rPiea.atil."\~•ither thc~ appli~•xtiun nur tl~r ml~•s~e of anr such a~n~~tnit~ ~Lall ~•nrF ur wai~•~ an~•
~I~~fa~ilt. L"~~uu ~~ce•rcise uf the ~~Ner uf ~le gi~~~•n in th?~ uwrt{;a~~~ or uth~~r acyui.itiuu uf the prrmi:~~ ur xu~• part thcnti~f b~•
, ~[nrtt,~a~~~+. ;urh {H~licics. ab:tracl, and titli• e~•i~lencr sl~all lx~cumc+ the absolut~+ pru~rt~• uf \Iurtk~.y;~e.
G. To fint obta~n thP w•ritten cti?nu~nL uf \iurtgagee. sueh consent tu be grantcvl or w-ithheld at the sul~ di~er~tiun o( sueh
\turtga~ee, l~fun• (a) m~uuving ur drn~uli~t?in~ an~- buildin~ uuw ur l~rreafter f•rertitil un the pren~ises, (b; alterin~ thi~ xrrat~~c•-
ment, dc~i~,m ur struciitral characier thercr?f, (c) inakin~ any repain w-hich in~ oh~e the rPm~~~~sl uf ~Uuctural part. ur t hr exp~nure •
E uf th~ mteri~~r uf such buildin~; tu ihe elere~ents, ur (cU exerpt fur dom~ytic purp~~es, cutting ur remu~•ing or pennitUng the !
cuttinK and mmucal uf any tn~es or timl~er on ihe premi~.
7. To main!sin preu~i.c~. m g~rxt c~~uditiun and repair, includinR but nut limitcd to th~ niakin~ nf such n~pairs a~ \turt~ee
i ma~• frum time tu tirur d~•lermine to be necxssary tur the pre~er~•atiun u[ the premises and to uut commit nor permit anc w-a..t~
~ thenti ~f.
s tt. Tu c~nnph• ~•ith all law-., ordinances, re~;ulation~, co~•~•nauts, conditiom and nwtrictiuns at~crtin~ the premi~r,, and not
~ tu ~uffer or pernut an~• ciotation thc•nv~f.
~ !1. If ~Inrt~at~ur f:?i!s t~~ ~k~t• an~- rla~ui. lirn nr ~•n~uu~hran~•t• ~~hirh i~ .upt•riur t~~ thi, tn~.rt~a,'~~. ~~r. whim r1u~~. a?~~• tax ur
~ a..~•:,in~~nt ~~r in>uran~•~• pn~iuiiu~i. ~~r tu k~v~ t~~e ~~n•is~~~~~; ~u n•~ut~r. ~~r >hall rumiuit ur {N nuit wa:t~~. ~~r it l}i~•re+ IK• ~um~n~•nc~~i
k .lll~- itPh~~n ~~r Err~~~~~ti~~In:R atT~rUn~ tlu• pr~•ui~:~~: ~~r t}i~~ titl~• ih~•n•t~~, ~~r th~ intc~m•t ~~f \I~~rtt;a~;~K~ thr•n•in. inolu~iiuK. hut nut
I~niitc~{ tu. rn:im•nt ~I~m~:un :u~~l h::nkrupt~•~- ~~r n~~r~aryizatinn pr~N•~•~•~lin~., th~•r. \IurtR.i;ir. al ~t~ ~~ptiun. n~a}- pa~• ~aid
` ~•l:un~. li~•~~. enrninhranc~~. tuz. a:.~•~•n~~~nt ~~r pn•~n~um. ~~~t6 nKht uf ~ubruy:atiun then~uu~irr. nix}- tua?k~~ ~u~h rt~pa~r, an~i
~ i:~k~~ ~u~•h ~t~~p< a; it dc~~ai~~ a~l~~i~abl~• t~~ pr~~~~•nt ~~r ~~i~rr ~urh Ha-t~•, an~l tn:?~- app~•ar in un~- :ut•h a~tiun ~~r pr~u•~•Fr1inK an~l
n•t:i~n ~•uun~~~l thrr~•in. aml tak~• -u~h a~ti~~n thrn•in :i• ~lurt~a~~i~~~ ~I~~~~n: ad~~:-ahl~•. un~t f~~r :~n~- uf ~ai~l purEw:~•~ \I~~rtR:ik~~•
~ ~n.ic :ul~auc~~ .u~•h ~unr ~~f ~m~n~•}-. ini•lu~lin;; ull cu:t:. n:t~~~nal~:~• attnrne~}•'. f~r< urtd ~~Ih~~r it~•iu< nf ~•xEKri:i~ as it dM~~n. na•~~:-
~ ~ar~•. \11~rt~a~~ti• >Lall lh• tl~~• •uIr j~:~1~,~~ ~;f tii~• l~•~a1~t~~. ~:?l~~Gty xu~l pri~~rit~ nf an~• weh rl.um. lien. ~~n~•un~brxn~•~•. tax. a~~c•~~-
~ iurnt a~:~1 prv•~uiutn. aml ~~f [h~~ :unuunt m~~F,.ar~- tn Le• p,~i~l in .~:ih<L•i~ti~~n th~•r.v~(. \l~~rt#~:~~~w .}isttl nut iN•.ht•~~l a~•cuunt-
~ af:lc• fur an~• ~li~lni~• ~n iuakin{ an}• ~urii pa~•tn~•nt. nhi~•L i1i~1.~~• tua}- r~••ult in :in~• u~l~liti~~nul iut~•re.t, cn:t, ci~ar~~~• ur ~~xE~~n,~~
uthrrH i~t•.
~ in. \t~~rt~;.~or a ill pa}- tu ~turt~;ey;tr. inuii~rtiate•1}• an~l w•ithuut dFinanJ. all sums ~~f numr}• ad~anc~l tn• \l~~rt~;a~e~ punuant
- t~~ ti~i~ m~~rt~;~u;f~. in~Iu~tin~; all ~~,•t~. rt~a~~~nai~lF• ntt~~rnt~~-'• ft~: au~1 ~~th~•r itF~m~ ~~f ~•x~xn~F. tnRr~th~~r with intert~•t i~n fac•h .uch
4 a.l~~anc~~~ne•nt at thF• rat~• ~~f trn (~~r crtit. (10'; ) per annu~n, an~l all :ueh ~um~ and intrrc~,c thertr~n ~hall t~ .~runrl herrht•_
1 l. :~ll :um~ of m~m~~}- ,eeurcrl her~~b~• shall tx~ ps}•aLle• ~cith~~ut an~• r~~lit~f W~hate~•er from am- ~~aluatiun ur appraiu•mf•nt IaH•=.
~
~ 1''. (f ~li~fa!?lt he• n~ade in pa}-ment of .?n~• iu~tallment uf principa! •~r ~nt~•rc~.t ~~f said ni~te or anv part therf~of w(u~n ~iue. ur
° ~n px}-u~~~nt. ~chrn due. ~~f an}- ~~ther ~u~n s~rurwl h.•r~•h~•. or in pFrf~irmanc•e ~~f an~- uf ~tort~aksrr's ULI1~;AhUtiS, ~vn•enanh ur
ae~~~~nu•nt, h~~re~un~lPr. al! ~d ±he ~n~l~•bt~.lnt~ ururtrl 1~~•re•h~• .hal! t~~cnroe and I~e i?nmfYtialeh• ~lae and pa~•ahlr at the uptinn
i~f \lur+~:y;fr~. With~~ut nuti~.~ ~~r d~~mau~l wLieh arr her~•h~- expre<>h- wai~~Kl. in w•hi~~h e~~ent \iurlRa~.;~~e ma~• a~•ail ~t.~•1f uf
;?II ri~ht. and renuyi~~::, at law~ ~~r in tr~uit~-. ~~n~l thi~ murt~,~;c• m:?~- }xr funrl«c~1 w~ith all riRht. and re•m~~clit~ aBunlt~l bti- lhe
~ law~ of Fl~:rids and \I~~rt~a~~rr ~iiall pa~• all cu~i:, ct~ar~c•, an~l ~xpun.e: t}ierE~~f. in~ludin~ a rea~unable atturnt~~•'. tcr. :
~ l:i. If default 1~ ~nade in ~~a~•ment, wh~~n 3ue, of an~• indehttvln~~.s ~ecurcwl hereb}, ur in perf~~rma~ecr uf an~• of JfurtKaf;ur's
obli~;atinm, c~~cenanh or a~nrrnents h~•r~~mder: '
(a) ~i~~rt~,~.?QCr is autlioriz~vt at an~~ tim~~, N•ith~mt n~~tice, in its sole discretion to enter u~wn and take ~x,~~e~s~inn of
the~ prr~nue.. ~~r au}• part therc¦~f. to ~•rfurrn an~• a~•t~ ~f~~rtqa#;t•e ~ieerns ncrtwsar}• r~r proper tu ~unser~-e the ~e•curit}• an~1 t~~
cullPCt a~ed rtr~•~~-e sll rrnt~. i.~~ut~ an~1 prufiis thFreuf. inclu~l~n~ thu:e pa~t due a. w•rll a• thu;e arcruin~ lhen•aftNr, aud
- ~b1 \1urt~a~;~r ~hal! be entitlc~l, a~ a ~natter uf .trict n~l?1 and ~•~~thout re~ard t~r the• calu~~ ur ~MCUpanc}• uf thP.crurit~-, .
= t~r I~av~• a rtrri~~~r ap{winte~i t~~ enter u~~n and take p~~~~e: i~~n of tlie pre~tr~isc~::, c~~:lf~ct the rent~ and profit, therefrun? and apply
t~u• ~ame a~ th~ c~~url ma~- din~t. ~uc•h rt~c~•i~•cr tc~ h.?~•t: all the riKht~ and p?w~er p~~nnitt~rl under the law•s nf F'lurida.
- In t~ith~v ,uch ca~e ~(urtKak~r ~~r il~e r~cen•er ma}• alW~ take p<~~e~~ion uf, and fur th~~~ purp~~es us~, nny an~l aU per~unal
pn~p~~rt}• vnntaine~t in th~• premiu~ and i~~~l hp \[artKa~;ur in the rental or I~~a~inR there+~t ur an~• part thercr~f. The exptm~e
(tnclwltn~ nr~~i~~~~r'. fir~. c~~un>el ftr~. cu..s aml agent'~ cu~u{x~n:atiunl incurr~vi punuant to the p~~wers hcr~•in cuntsiriecl ~hall
}H~ .~cur~d h~rrb}• ~IurtK:y;ec• .Lall Iafter pa}-ment ~~f all en.ls and rxpenscec incurrtyll apph• .uch mnts, i~,u~~, and prufits
n~r~~ival by it ~~n ? t~ indeblrcin~.. scrure~l hereby in such oryter a~ ~i~~rt~ee detennines. The right to entrr and ~ake pi»session
uf .aid pmFwrl~•, t~ manas,~r and opf~ratP the ~ame, and ~ti~llect the rents. i..,uf~. and rofits therer?f, whether b~ a reeen•er or
w
nth~~rK~~sN, .F?all ix• ~umulati~•e t~~ an~• uthFr riQht or rc~tutri~• ht~reunder ur affonicd h~• aw•, snd may be exerci¢ed cuncurrnntly
= 1}~erew ith ur iudependem ly there~~f. ~fortgagee ~ha?1 tx+ Gable to accuuut unl} [or such rents, issues and pro8ts actualh receivecl
_ by Jiorlgagee. "
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