Loading...
HomeMy WebLinkAbout3775 TC)GF.TFIER 1~'ITIi all and sin~ul:v the trnt•nn•nts, hrn~dit.~mcrits :tnJ appuriri~.~n~'rs thrrrunto belongin4 or in .~n~aisc thcrrunto appertaini~g aud ~}ee rrnts, ixsurs and profits thcrcof, and alw ail thr rsiate, right, tide, interest and all clain~ .~nd deiuand t~•hatsorver, as well in law as i~ equity, o( the s:ud \1urt~.~~ur io a~d to the sam~, including but not limited to: (a) _Vl rrnts, profits, revenues, royalties, riehts ind brncfiu ile•ri~~i~ from (1) crops grown on ssid s«-~~~;~,• ,~a Nz«i~~~~ ut the wil oth~racis~ (2j oil, ~as or minrral Icnsrs of the prrn~izrs or :u~y part therco(, now existinG on c~rcinake~ niade, iud {3) all other rents, issues and pro(its oi the p~emis~~s from tiu~r to titne :erc?uing, whethrr undrr le.ues or ten:?ncies now existing or he~raRer created; i~ r:tch such ras~ with th~ right in the \fort~agre, but onl?~ at its option, to re~~ei~•e :?nd receipt therefor , and tu ~pply thc same as it m.~~• ~Irct to any indeAtedness SCfllfCll F1P~fb)'~ and the Alortgagee, ~t its optiun. m~y dcm:~nd, sur for and rrcu~~rr an~~ such pa~•~~~~•ncs, rrscr.•ine tu thr ~furteagor, huwrv~~r, so lung as s.~id UortK:~~;or is not in drf.+ult herrunder, thr nKht to rccci~'c arn1 rctaiq surh fcnts, issurs :~nd j~ru(its. (b) :VI judkments, a~.•.?rels of d.uuaees :~~~d s~•tdctnents hrre~.e(tcr maile as a rrsult of or in liru of any t.ikinL o( th~ preenise~s or any part lhercof under the powrr of emi~ient domain, or fur .~ny dam:?~e (whether r.~used hy su~~h takine or othrrN•i~c` to the premises or the impro~•em~nts th~reun or any part therruf ; such part of an~ such judgment, a~v.ud or srttlrni~nt, ~s tho J(ort~aGCr nr.iy elrct to be applird to the indebtedness hereby s~cur~d and thr bal:~nce tnrreoL if an?•, to tx r~serv~d to thr party or pattics othcr~visc entitl~•<i thcr~~to. Tn ii:l~'E :~\D TO I(OI.D the aFw~~e eranteYi and <Icsrrilx•d prPmises to the s:~id \Sort,aSr~, its successors and acsicns, Iur~r~r, and the said \fortc•14~r docs hercby fully ~~•arrant the tide to said land, :~ni) will drfend the s:stnr ae.enst the I.~~.iul ~I.ii~ns o( a11 pi•rx~r~s ~~~ho~nsnc~~cr: pm~•idcd al~vays that if \[urte.~e~r sh:~ll pay to \iortc:tere that ~'crtain protttissury r~ote ai~o~~e descritx~d and sl~all fx~rfonn aU other cocenants .~rn.1 ronditions of said promiswry note, ~nd of any reni~~~•,11. extension or modi- fi. atiun thereof, and o( this morte~¢~, then this morte.~ee am1 the est.,te h~rcby creatrvl shall ccace and be null and ~•oid. :~fortc:j¢or furthcr cocenasits :inii icrces with ~tortG~ec~ :es fo!loHS: ` 1, To pay all sums includin~ interest secur~cl hereb~- a•he~ duc, as prorid~•d Ior in s:?id promissory note :ind ~ny rene~val, ? cttcnsion or mixl~fi~~atiun th~-rrn[ aud in this mortgace, all such su~~u to bc p~yable in l~wful money of the L'nitcd Stat~s of .~merica at ~tortGa¢ee's afores~id princip:?1 office, ur :+t wch other place as !1lortKa.l'er may design~te in writinq. ~ ~ ' 2. To p:~}• ~+•hcn due, ~nd ~vithout rcyuirin¢ an~• notice irom \lort¢a¢ee, all taxcs, :uscss~ncnts of any trpe or n:?turc ~ ? :~nd oth~r eh:?r~e-: lecied or :i.sessed ~¢ainst the premices h~reby encutnber~~c1 or anq intcrest ol ~fort¢age thrrein. Tu immrdi:u~h• pay and discharre :iny cL~im, lien or en~u~nhrance• aeainst Slti'}1 j)fCIIIlSfS which map be or be~ome superior to this mortQa¢e and ~ to pennit no di~fault or clelinyuency on an}• other li~•n, e•ncumbr.~ne-r or rharQe arainst such premeses. 3. II rt'qeiirrd bi• ~lortcaqrc. to :~lso ma.l-e nz~,nthl~ dc}wsits with \tortea¢ce, in a non-intcrest lxarin4 account, toc~•thcr ..~ith and in addi~i~n to interest and principal. of s~irn cyu:~l to onc-hvelfth of the yearlp l.lXCS and asscssmrnts which m:?.• bc le~•i~~d a~;~inst thc prcmiscs. and (if so rcquir~cll one-t~.•~~Ifth of ihr cculy prrmiunu for insunn~e thererort. The aei~ount of surh taxes, ass~ssments anct preminms. N•hen unlnown. shall tk e-stimltr•~f by \fonc~qce. Sueh dcposits shall be used by \tortgac~e to piy surh taxes. a~cesstnents and prrmiums H•hen due. :~m• insuffiri~•ncy o! su~ h aecuunt to pa~• such char¢es ~vhrn due sh:ill ~ be paid bq ~torte:~~or to ~torteaecr on IICISI.ifILI. I~, U\' fC;LCt)? of :+ny ~Icf:iult hy ?~iortcae~r under any provision of t6is mort- cace, \torte.~^_~~i- de-clires all sums serured herebp to be due zn~i p~}ablc, ~tort¢aee~ may then apply any funds in s~id account aeainst the entire inciebte.ln~ss secur~ci hereby. The enforcr.~bilih• of the co~•en:?nts relatinq to taxes, asseumonts and insurance prrmiums hrrcin othcr~.~isc pro~•id~d shall not bc affrct~d c~xccpt in so f.+r as thosc obli~ations h1~•e bc~n mct hy ~omplianc~ ~.ith this para¢r:tph. ~1ort~~err ma~ from time ta tirne at its option Nai~•c. and aftcr :~ny such wai~~er rcinstat~, any or att procitions herco( requirine su~-h d~~msits. by notice to !1lorte.i~or in writine. t~'hil~ any surh w-ai~•er is in ef(ect ~torte.~qor sh:ill pa}~ t~xcs, :usessments and insur:~n~'c pmrniurns as hcrcin elsewhere pros~idnl. ~ 4. To p1}• all taxes, stamp tax or other chsr~r whirh rn.~~• br assrssnl urxrn this Ir.o~tCa~e, or said note, or iridebtednrss _ srnired hrr~•b.•, ..ithout rc~ard to ~ny law, Fcdcral or Statr, heretofor~ or hercafter enacted, im~sin~ pa}~ment of all or am~ part th~rcof u~x~n \torte:~cee. In e~~ent of enactment of an~• law imposinq pa~ment of all or any portion of any such taxes upon -.-ar.•,4:r••. 1.:- ~t~.ro.~o~r ~c hrrrin nroridt~d. to ~torteae~c, or thc rcnctcnnti by an~ court oi iasc rrw~ i ..i . . . „ _ , ; „ _ p3}' SUC~I l.lX OC [.1XC5 IS ~CQ.i~IY IflOp('T3~IL'f, 1}?~71, U(1~F55 ~1ort~a¢or ne~~ertheless p.1)'S SUCFI L1Xf5, .1~~ sums hercb~• sCcu~ed, WIt~IOU[ ~nr- d~duction. chall ~t the option of \tortcagee become immediately due and payabl~, notwithstandinq anything containrd herein or any la~v heretofore or h~•reafter ~nictcd. 5. To keep the prFmises insured against loss or damage by [ir~, windstorm or extended co~•enge and such other haiards as ma~~ bc rcquircd b~• \forteaecc_ in form and amounts satisfactory to, and in insuranc~ compani~s approi•cd bp ~lortqagcc, and with a~ceptable mortC~q~e locc ps}•able clauses attachrd_ Su~h policies, toqether with such abstracts and other title eviden~e as may b~ r~-yuired bc \iorteacee, sh~ll be deli~•erecl to and held by ~tortgast~e without liability. L'pon forecl~sure of thiz mortcaRe or . other acquisitinn of the premises or an,r• part thereof by \tortgagee. said policies, abstract• and tit(e c~•idence sf~ait Ixcome the ~ absolute propert~• o~ \fort¢aeec. ~ fi. To first obtain the written consent of Siortcaqe~, sueh consent to be qranteci or withheld at the sol~ diuretion of such ~ \tortcae~c. tx•fore remo~•inQ or demolishin¢ any L•uildin¢ now or hereaftcr eretted on the premises. (bl alterinq the arran¢e- mFnt, desi¢n or stn~ctur~l character the~eof, (cl making any repain which imrol~•e th~ reinocal of structural parts or the es{w>ur~ of the interior of such buildinc to thr elements, or (d? e~cept (or domestic purposes, cuttin~ or remo~•ing or perniittin¢ the ~uttin~ and remo~.~l of any trecs or timbcr on the prcmises. S 7. To maintain premises in ¢ood condition and repair. includinq but not limitec! to the making of such r~pzers as ~fortgiqee rniy from timr to timr c~etermine to be neressan• for the presen~ation of the premises and to not commit nor permit any ~vasto thereof. 8. To compl~~ with all laers. orclinances, requl:etions. corenants, conditions and restrictions af[ecting the premi~es, and not ~ to su(f~r or prrmit any ~~iolation thercof. ~ ~ 9_ If Afortearor fails to pa~ any claim, lien or encumbrance which is superior to this mort¢1ge. or, when due, any tax or ~ +sc~csmrnt or insurinre premium, or to keep the premises in repair, or shal) commit or permit waste, or if there be rommenced - .~m- :~~tion or proc~F~din¢ affectinq the premises or the title thereto, tRen ifonqaqer, at its option, may pay said claim. lien, enrum- ; Lr:~nce. t~x. ~sessment or premium, with riRht of subrogation ihereander, may make such repairs and take wch steps 1s it deems F adrit:~ble to pr~~•ent or cure such waste, and may appear in any such action or proceedinq and retain counsel therein, and ta1:e = cu~-h a~tinn thcrcin u~tort¢a¢ec d~ems ad~~isable, and for any of said purposes ~tortqagce ma}• ada•an~c such sums of mone~. incl~idin¢ :ill costs. fees and oth~r items of e~pense as it drems neceuary. ~fortqaqee shalt be the sole judqe of lF.~ Ieqalit}•. ~:~lidit}• aud priority of any such claim, li~n, encumbrance, tax, assessmrnt and premium, and of the amount necescary• to b~ p:eid = in catislartion thrrrof. ~Sortca¢cc shall not be held accountabl~ for any dclay in makin~ an,r• wch payin~nt, which dclay ma~ r~~sult in any additi~>nal interest. cost, char¢es or expense otherwise. = 1~. \forte.~cnr will piy to ~(orte~Gee. immcdiately and without demand, all sums of mone~ adcancnl b~• ~forteaeee pursu- i - .~nt t~~ thic ~no.•te.ie~, t~~eether with interest on ea~h such ad~~ancement at the rate of ten per cent. (10 per :~nnam. and al! ` ;unc ~umc ~nd inter~st th~rcon st~:+l! be sc~urcd hrrcb?~. 1 I. :111 SUTTSS of nwnc}- secured hereby sha11 be paTable without am• relief what~ver from any ~•aluation or appraisement laws. _ l2. if d~f.ii~lt 6~ rn.ide in pa}~~nent of any inst:tlment of principal or imcrest of s~id note or :?n}• part thercof Mhen due, or in p:~}ment. »hrn dur of .~ny other sum secured hereby, or in performance of any of ~Sortqa¢or's obli¢~tions. co~~enants or a¢rc~me•nts hereunder. all of the indebtedness secured hereby sha? becomt and be immediat~ly due and payable at the option of ; Mortq~cee, without noti~c or deman~l which are hereby e~pressly waiced, in which e~•ent ~tort¢agee may a~:~i1 itsrlf of all riShts :~nd retnedirs, at law or in equit}•, and this RIAftCdQf may be foreclosed with all ri¢hts and mmeclies atforded by thc laws of ~ 4 Florida and ~tortr:~gor shall pa~• all co~ts. charges and expenses thtreof, includ~ng a reasonable attarn~}'s fee. eooK ~9 PaGE 7~ _ ~ ~ ~ : ~ ~ ~ . . _ _ .