HomeMy WebLinkAbout3783 TOGET}iFR \~'ITfI .JI aud sinqulir thr t.~nr~ncnts, hrrcdit.i~urnts :uid appu~l.~~.~nces then•unto txlongiii~ ur in .~nywi~~•
th:~eunto appertsininq and the ~rnts, issu~~s :~mi profits thcrrof, and also :ill the estst~, riqht, litle, intrrest an~! :?tl claim and
~trmand whatsoevcr, as wrl! in law as in equity. oJ thr saiJ \tu~t~.~Sur in and to the seme, including but not limited to: ~
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(1? Ai) ~ents, profits, re~•enurs, ~uyalti~s, rights and benefits derived Irum (1 ) crops gtown un said s~curity and pr~lucr
ot the wil othcrwisc (2) oii, qas or minr~~l Ir:~srs o( th~ prcmises ~r any p.?rt therm(, oow ~xisting or licreinaftcr madc, ~nd
(3) all othcr rents, issues and profits o( the prrmisrs from time to titue accruinq, whethrr und~r leases or trnancics now cxisting
or herea(ter erezeed; in each wch case WIIII the right in the lfort~agee, Lut only at its option, to ffCCl~'P aud r~•c~•ipt therr(or
and to ~pply !h~ S;UI1P as it may ~le~ct to any indebtcdnex~ sa~ured hereby, and tAe \1ortGaqee, at its option, tna~ drm:~nd, sur for ~
aod reco~cr :?uy such µzyments, resenine to ~hr ~tortc.~Sur, howe~•er, so long as s:?id hlortK:~gur is not in d~dault herrunder, the
riti;~t to recrive as~e! retaitt such renu, issurs :+~id profits.
(b) :VI judKments. a~~•ards ot d.un.~e~s :uul setd~•mrnts hrn•:dter m.~de as :i resutt of or in lieu cs( :uip tikine <,t t}~r
pren~ises or any part thi•reof unde~ the ~,w~r of eminent elom:~io, or for :~ny damaGZ Iwhether c_~usrd b?~ such tal•inG or oth~•rwi.c~
to the premis~~s or the impru~~e~nenu thercon or any put thr~ruf ; such part o( any such juefgment, a..:~rd or s~ttlrme~t, as th~
\furtKaace :n:?y clPCt to be applicd to the ~ndcbiedncu h~rcby sn urFd and the balance thercof, if .~ny, to bc ~cscr~~ed to thc
party or partics othrnvise entid~•~I thc~i•to.
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TO II:1~'E :\\D T(~ 110I.D the atw~•e grantecl a~id drs~ rilx~i premises to th~ said llort4aeee, its successon ancl assiens, ~
furc~cr. and th~ s.tid \lortcae~r docs hercb~• kdh• ~~•arrant the title to said I:~m3. .~ut~ Niii +;.•ic~i~i tiu s.;i:u ..z::'.;: : t`.c !..,,.r.:!
~'laints of all perwns who~nsoc~•~•r, provideYi alw:?ys that if \tottg.~cor sh.?U pa~• to '.1lortcaGee that i'ertain promissory note aix~cc
dcscriLeci :md shalt pcrfor~n :~ll othrr rnvcn:~nts and conditions of said protnissnry notc. and of any rcnrH•al. cxtcnsion or motli-
fi~ ation thcrcof, and of this inorte~fie, then this mortea~e and thc e:tat~• hcreby crratecl shall ffiSC and t~C nu]1 and roid.
~torte.~cor furthcr ~-o~~cnants and :~qrcrs with \iortc:+eec :?s foliowi:
1. To pa}• all sums includinc int~rest c~currd hcreb~• ~vhcn dnr, as pro~ idcd for in s~id pro~nissory notr .~nd any rcncw:?l,
cztcnsioti or mocl~fication thcrn3.' ~nd in this enorte:~cr. ~1) sach sunis to Ix~ pa}•abl~ in Liwful monc~ ot the L'nitnl Statcs of
:~meri~a at \fortGa~ec's afurrsaid principal oifi~-~, or :+t such c~ther plire ~s \tortG~ce~ may designat~ in writinG.
2. To pay wh~n due. :~nd avithout n~quirine an~• notice trom \forteagee, all t.~xes, assessmcnts of 7h) tppe o~ natur~
and othcr chir~es le~+tied or ~sscucd acainst thc prcmis~s h~mb~• cncutnbcrcct nr any interest of ~fortea~e thercin. To imm~di~teh• ~
~ p.~~• a:id disch:v4e any claim, lien or en~-wnbr.~nc~ :~r;ainct such premises whieh may be or M~rome superior to this rnortea¢e and" ~
to pcrmit no dcf:?uit ur ci~linqc~cn~ t- on .~nt• othrr lirrt. ~nco~nbr:mcc or eharK~ ~Giinst such prernis~s. ~
3. If requirMi b~~ \fortc:~c~~c, to also m:~.l-~~ r~u~nehl.• dcposi~s with ~forteaq~e, in a non-interest IN~rinQ account, togcthcr
•.•ith a»d in :~ddition to intercct and princip;~l. suin cqu.il to onr-hvclith of the v~a~ly t:is~s and aucssmrnis whii•h m~y br
levicd acainst thc prcrniscs, and {if so rcquin~d} on~~-twrl(th of thc ycarlc prcmiums (or insur:~ncc thercon. Thc amount of such
1.lXCS, ~cscssments and premiums. ~vhrn uni'nown, shall be cstim~t••~i [tti' Z~uiC~:iqCf. SUfM dC~SI[S shal) tx: uscd by !liortgacce
to pay surh taxes, assrssments :~nd ~fCl~littR25 N•hen d~~~. :\ny in;uffirirn~y of surh account to pay such charsces when due shall
be p.tid by \tortcaeor to JtortKa~ee on drmand. If, b~ re:~son ~f ~n~• ~t~f:iult bg .\iortqaqor under any pro~•ision of this mort- j
taye•, \lorte.~~rt• decl~res all sums securec! hereby to F>e dut an~l pa~~abl~, \Sortqagee may then apply any funds in ziid account
arainst the entire ind~htednezs securnl herrby. The enforceabitih• of the rovPnants retatin¢ to t:t~~s, ass~ssments and insuran~e ~
prcmituns hcmin u,hcrvrisc pro~-icird s1i~11 rioi bc~ :~(f~ctFd crrrpt in so far as thosc obli~ations ha~-~ bccn met hy fOfO~~IiIICf a~•ith ~
this pzraGraph. 11ort~a;cr m_~y (rom timr to timc at its option ~v~i~-e, and a(ter :my such ~.ai~~er rcinstate, any or all pro~•isions
hereof r~quirinq su~ h deEx~sits, by notice to ~~ortciGor in writing. ~~'hile• any such Mai~er is in effect 11ort¢.~¢or shall pa~- t~xes.
asscssments ancl insuranrc pren:iunu as herein elsewhere prorideci.
4. To pay all ta~e~c. st~mp tu or other ch~r~r w6ic6 m.+~• ix~ ass~ssed upon this murt¢i~~, or ssi<1 notc, or U7(IPb[~(~OPSS ~
sccured hcrcb}•, Without rceird to am• law. FcYirral or StatP. hcretofore ot herca(ter cnacted, im}wsinG p:~.~mcnt of all or ~m•
part th~rco[ ~:J~n ~t~rt~.ieee. In ea•ent of rnactment of anc l.rM imposing pa}tnent of all or any portion o( any such taxes u~n ~
\tortc•~ere, or the renderinc bq an~ court of hst resort of a decision that the undertakinG b} ~tortRagor. as herein pro~•icted. to ~
pay su~ h tax or taces is Ice~lly inoperati~•e, then, untess ~fortEa¢nr ne~•erthcless pay~s such taacs, a!l sums herebq se~ured, witbout s
Zn}• clcduction. sh:~l1 :it ihc option of lfortea¢ee ~come immcdiatcly due and payable, notwithstandinq an}•thin~ contain~ hcrcen ~
or any I1w hcrrtc~fore c~r here-aR~r ~nscted. ~
5. To kecp the pr~mises insurcd against loss or darnaqe by fire. windstorm or ratendcd co~•eraqe and wch oth~r hazards as i
mi}• be rrquired b~• ~fortcaeer_ in form and amounts satisfactoty to, and in insurance companies appro~•ed by ~fort¢acPC, and with -
a~~eptablF inorteaGre loss pa}•~hle clauses attached_ Such policirs, together with such abstracis and oth~r tide ~vid~nre as may
br• r~•quire-d by \lortezGec, sh~l) be dclia•errd to and held by ~tortgaqee without li~bility. Upon forccl~sure of this mortGaqe or
oth~r acquisiti~n o( the premis~s or an~ part thereof by \1ortQagee, said policies, abstracts and titii• ecidence sh:iil brcomr iii:•
abcolutc propert~• of ~lnrtc~¢cc.
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6. To first obt~in th~ writt~n consent of :ltort¢agee, sunc ~onsent to be ¢rantecl or withheld at the sole diurPtion of such ~
\fort~aice~. }xforc lal remo~•ing or d~mu(ishinG an~• building now or hereafter erect~d on the premises, (b) ah~rine the arran¢c-
ment, rl~•sicn or structural character therrnf, (c) malcing any repairs ~+hich imrolee the r~mo~•al of structural parts or thr '
cxpc~;ur~ ~f the interior of such huildine to th~ el~ments. or (d) ~acept for domestic purposes, cutr.ng or remo~•inq or permittine ~ !
the ruttine and r~mocai o[ any trees or timber on the prcmises. ~
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7. To maituain prernises in ¢ood ~ondition and repair, includinq but not limited to the makin¢ of such r~pairs as \fortGaqee £
n~ay frotn timr to time det~rmine to be necessan• for the prESen=ation of tht premisrs and to not commit nor p~rmit any tiva~t~ thereof. ~
8. To eomplq ~.ith all laws. ordinances, requlations, co~•enants, conditions and ~estrictions a[fecting the premises, and not
to suffcr or pcrmit am• a-iolation thcreof.
9. If .tforteaeor fails to pay any claim, lien or encumbrartce whi~h is superior to this mortKage. oz. when due, any ta~c or
.~~c~s:ment or insur.~nce premium, or to keep the premis~s in repair, or shall commit or perinit waste, or if there be commen~ecl
.~m~ 1rt;on or prMC~din¢ affectin¢ thc prcmises or the tiUe thereto, then ~iortqaqee, at its option, may pay said daim, licn, encum-
hr.~ncr•. t~x, as~escu~rnt or premium, with ri¢ht of subroqation thereund~r, may make sach r~pairs and take such steps as ii deems
:+~1~ is.~bt~ to prea•ent or cure such waste, ancl may appear in any such action or proceedin~ and retain counsel therein, and tak~
su~ h~rtiun therein ;u ~torteaGee d~~ms ad~-isable, and for any of said purposes :ltortqaqee may ad~.~nce such sums of money, i
ini ]ndin~ a? costs. fccs and other items of cxpense :u it d~ems necessary. !~lortqaqee shall bc thc ude judqe of the legality,
~:~lidity and p~i~rit~• of any such claim, li~n, encumbrance, tac, auessment and premium. and of the amount n~c~°ss~ry to be paid
i~ c~tis(:trtinn th~rr~~(. 1(ort¢.~¢cc shall not br hrld accountable for any dcfay in m.iking any such paqmFnt, which dclay m1~•
rrcult in anc id~lition.+l interest, cost. char¢es or ezpcnse otherwix.
l~l ~f~~rte.~cor will p~c to \tortC~cee. imiiiediately and without dem:?nd, all sums of money- idcance~l b~ ~InftGaC~P pursu-
:uit to th:~ n:nrtcae~~. to~ether with interest on rach such ad~~ancetnent at the rate n{ ten per cent. ( 10`y~ ) p~ r annum, and ali
cu~ h sam~ inef inte•rc-.t thrrevn >h.~ll bc sccun-d h~r~by.
1 l. :VI cumc of ir~~ney cccurcd hcreby sh,ll bP pz.:~ble "•ithout any relief whatecrr from any ~-aluation or appraisemertt law-s_
1'_'. If d~t.~~ilt hr ~n.~de in pa}~mFnt of an,r• instalment of principal or interest of said not~ or any part thercof when due, or
in pa~-mcnt. ~.•h~n duc o( any oth~r sum sccured htrehy, or in performance of any of ~fort¢a.qor's obliqations, coeenar~ts or
a¢rc~rncnts hcn-under, all of th~ indebtrdness ucured hereby shaU become and be immediately due and payable at the option o(
~tortc.~¢~e. wiehuut noti~c or demand whi~h .~r~ hPC~by capr~ssly w~iccd, in which et•ent ~tott~aqec may a~•ail itsclf o( all riehts
:~nd rem~~i~•s. at law or in equih•, and this morte:?ce may be foreclosecl wit6 al( ri~hts and re~nedics afforded by the laws of
f~lorida and ~tort~a2or sh.ill pa~• a11 rosts. char¢es and expenses thercof, includinS reasonable attorney's (ee.
, 20g .778 -
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