HomeMy WebLinkAbout5110 TOGt:THF.R 1~'ITH :~11 and 'singul.v thc t~•nrcue•rts. Arrr~iit.~tr.re~u .~nd .ip~~uctru.~nri~s th~•rruuto lK•longi~:~ ur it~ e:~.~.i:c
thcreunto ap~xrt.~ininq and thr rrnts, issue•s and pmfits thcrruf, :ind .~Iso ;~11 thr ~•tt.~tr, rieht, titlr, interrst and .~U rl.nm .~nd
~lrmand whauue~~er, a: well in l.~w as in eyuity, uf thr s~iil \Ivrte.+tiur in .~ml to th~• i.uur, including hut uat limite•d ~o:
(~1 AU rents, prolits, rrernues, ro~•.~ltirs, ri~hts and bene[its d~•ri~'rd (tum ( 1) crops ~r~~~~n un s_iic! srcitrit~ .~nd pru:lui e ~
of the soi) othemiie (2} uil, Q:ts or miner,i! lr:~ses of the E,r~•u,i,~•s or .u~y p,ut thrrco(, ncnv r~istin~ or h~rrin:dtrr tn.~~lr, anct ~
t
t 3) all other rents, issuPS ~nc! profits uf the prrmises (ru~n timr to time accruin~, whe•ther und~•r Ir.nrs ur trn:~n: irs nu~v existin~ '
i. • ..,'tie f6~ \inrtv.~ie•r. I~4t un~y .it its oUtiun. W rr~~•i~•r and rn~•ipt t~~rfefor
ii~ uctl.i~iu CPC.-aifi~. ii~ i.a. ~ Su.
.u~d tu :~pply the s,une as it m.~y elcrt tu an~• indrbt~•.iness .rr~u~ ~l hrrcbr. :~nd tttr \lortc:i~c~c~. at itc ~~pti~,n, m:ey ~lrni.,nd. ,ur (or
and mo~~Fr any s~~ h p:~yrnrnu, re•sen•in~ to ihe \lurtc.~eur. hu~c~•crr. su lon~ .~s s.~id ~furt~.~eur ic not in d~~f.~ult hrrrunder. thr
ncht to rrcci~•c and rrt~in surh rcnts, is.ucs :~nd prufit;. -
( 6; :111 judemrnts. a~v_~rJs ~~f ii:wi.«rs .~n~1 srul~ m~ nts hrrr.~itrr m~dr .~s .t rr.ult i~f ~~r in liru u( .~m t.~l::~~ uf thr
pn•wisrs or any p3rt th~•reuf undrr th~ Fx~~vrr of r~nin~nt ~1wu.~in. or E„r .~n}~ d.~m.ier i Nhi•thrr c~u:~ ~i b~ s,~ch t.~i;in~ or uth~~n~i.r
tu th~~ pren3isrs or the i~nproce~ncnts thereon or :tn>• pirt d~~•r.•uf: tiurf~ p.~rt of anv su.'h juilguie~nt. :i»,ird ur srttlr~ur~:t, .~s th~•
\(utt~.~~re ~naq cl~ct to br ~pplicd to the indrbtednrss hereby s~•rurrd :~nd thr h:il.inrr themof, if .~n~. to tk ?r:en•~•cl to lhi~
p.uty or p:trtics othc•ncise ~•ntitl~•~1 Ih~n•tu.
TO 11:\\'F. :~\D 'I'O I1c)I.D thi alKi~'t• ~r.int~•~l ani3 tirs~riix~~i prrr.usr~ iu ih~~ ,aiu 11,}~:.::~~~,-. ...r1 .
f•,.csr.•, ...~c! rhr \1~+~••:_„r s!:..•c tirrr{~v ?~II~~' ~~',tff,lqt thr titlr to s.~i~1 l.~nd. :~u~! ~vili drfi•nd th~• :.un~~ a~.i~n:t•'tl,r'I.~~ctu)
.I.~ims of aU Ex•rsuns ~vho~u;oe~r~: pr:.~ided ~:i~~:i}s th_~t if \i~~rt~.ie~~r ;h.~l1 p.~~ to Vorte.~ecr that rrrt.iin pr~~mis:~a~~ not~• ~iw~r
drsi riikd and shall prrlnnn :~ll rnhrr co~•en.~nts :uui conditi.~:~s of c.~id prunus,~~n• nutr. :~nd of :~n~• r~•n~•..~.~L ~•x<<~ruiun or mucG- :
(ir.~tiun thcrcuf, and uf this mortc;~¢c, then this morte:~er an~l t!u• rstetr hrrrb~• i n•.~trd sh:~ll c~-.ui- .s~~~! 1,.• null .im1 coid.
\fortca~or further ~ovenants :~nd :~crcFS ~vith \tortc.~err _u (ullu~~:: `
1. To pa~ all sutni including intcrrst sc.ur~d hcr~bc ~.h~•n ~1u~•. as pr~~~id.~~l (ur in c.iid prumicsory~ uutr and :ui~• ren~•w.il.
~xh~nsiun or mocl~fi~'atiun thrreoE ancl in this mortc.~ce, a? su~~h ~uu~s t~~ h~• p.~y,ible in I.~~.ful n:~~nrv of tF~e L"nited States uf ~
.~me~ir~ at Vort~acec's aforc;ai~l :prinrip.il olfic~-, ur at su~ h ott~cr pl.~. r.i~ Jlorte:iee~~- tn.~r dr.iin:ue~ in ~vritine. ~ ~
2. To p:~y whi•n (IIIC. :ltl(I ~~'1lI1011~ n•yuirine .ui}• ~u~ti~c frurn \lorti:~~rc. aR t.~xc:. asse~.as~rnts of :iny t~E~c or natun•
.~nd ot}~ev chircrs lF~ird or .~s,r;scd aeainst thc prcmisrs h~•r~b.• ~~n~umbcn•d ur :iu~• itrtcrrst of \1~~rtY.i~c th~rcin. T~~ inn~~rdi,U~•k
F~.~~~ and dischar~e any cl.i»~, lien or enr~unhranre• ;r:.~inct cci~~h pn•itlicr3 ..hirh m:?y be ur I~C1 Ulllf superior to this mort~.~ec- an~1
to permit no dcf:~ult or dclin~~uenr~~ on .uiy other li~ e•ni im:i~r.~n~ ~ or rh~r~r .~~.~inst su~ h pre-~ne:rs.
3. If r~quirrd by \lort¢.+ce'e, to ako ~u.~lr nwnthh• ~ir~~sits ~~~ith \[ortca~ce. in ~ no:t-int~•nst hrarine .+r~ i,unt. toti~~!he.~
ti~ith and in :uliiitiun to intrre:t :~ni1 p~ini i~riL ~~f :t >u:n e•.~i~.~l ta on~-h~•~~lfth of th~• ~e-arl~- i.~xr: :~izd as,essin~i~ts ~vhi~ h RI.1\' I~C r
t~ri~1 a^.einst the pre•~nisri. snd (if so r~quir~•d'. un~•-tw~•lfth c~f th~~ vr:~rl~• pn•miiu:~, for incurance therron. The amount of siirh ~
t.~~~s, a,se•scin~nts :in~! premiun~s, ~vh~•n unknm~n. ch.+ll ~~s[i~:~.it~•~1 h~• \forte.~e~•~. Such deEx>sits sh:~ll !ic ~isrd h~• \torteaec~• ~
2
to pa}• such tlecs. :usresm~nts and pn•~niu~ns ~chrr~ duc. ;~m~ in:u(firi~•n~~~~ nf sui h ac~-ount to p:~y su~ h chare~~s whrn du~ sh.~if
h~ p.tu! by \f~rtzac~r to ~i~rtc.i~rc on di~tn.~nd if. Fe~• r~•.~>~~n t~f .irtr ~!~•f.adi t~y ~iorte.ikor under any pmcisiun c~f this m~~rt-
¢.~¢r, ~{or~,;~;•~r d~~ lar~s all surns sr~nred hcrebg M fm duc an~l p.i~.~hlc, ~1ort~iKre ma~• th~ n:~ppl}• any funds in s.~id ~ccount
:+e.+inst thr rntin- indebte~lni-c; secur<~d }1CLCI1\'. TIlC enf~~rce:~hifih• ut th~ ~oce'n,~nts rrli~tine to t:+xes. :~ssrssments and incut.~n~~
premi:~ms h~n•in oth~rwise pro~ i~1f•d shall nut be affe: t~•~l r~~ e~pt in cu Lir ~s those ~bli~ations hac~ L~~e~n inet tr}• r~~tn~~liancr a-ith -
this p:?ra¢r.~ph. ~1nrt~:~,re ~ti.i~• from time- to tirne• .~t its optiurt «~.~i~~~. .~rid aftFr .~ny su~h ~vairer r~~instate~. .iny ur all pro~iaie~ns
hrrc„f r~~quiriny cu~ b(~Ctklill5. })C il~~IICC to ~inrtc.~eor in N•ritinc. 1~ hd~~ :~ny cuch ~~'.~i~•~r is it~ ciicct ~i~~r?e ~c~~r .ii.~ii ~,.~r i...~ '
.~s:~ ssm~nts and in:ur;~ni c pr~•~uiuui; as h~rcin cke~•hrrc pro~~iilcd. -
To p.~v :~ll ~:lCl'G. SI,lI11F t.lX ~r uthcr ~ h:+rGC ~shirh tn.~r b~ .?scess~d uFx~n this ctierrte.~sse`. ~~r s.~id unti•, or ind~~bt~dni~ac
:~i-urcd h~•n•bv. ivith~~;it rr~_.trd to .im• I;~av. Fcdrr,il or Stitc. heretoforc on c~~rcaftcr ~n:irt~•d. i~nEx~cin~ p icmrnt of .~I) ur .~m
p:+rt tt~~re~~f u~~un \tnrtc.~c~•~. In ~ccM of cn:+ctcn~nt of :~m- 1.~H• im~xcsing p.»~n~rnt of aA or am• ~rtion of :~nc xurh t~xrs t~~~n
~forte.ie~•e. c~r thr n•nderine b}• ,~m• e~~nrt of last resort of a decision that the undrrtakinr, b}• ~inrtq.~Ror. as hcn•in pru~id~d_ to
p~y sui h tas ~r t~xe-s is l~~,i1h• inoFw•rati~•~, then, unless \torteaeor ne~•crthcl~ss piy~s such tax~s. .ill sums hcreM• s~ru~n7, without
am• d~duction. ~h.ill at the option of ~toctca¢ee becotnF imrnrciiatel~• due and pai~~bte. n~t~vithct:+ndinti anythin~ ront:~inM! h~r~in
c~r ~ny I:~w hcrct~~furc ~~r herr•.~ftr•r f•n:ict~•d.
5. To ~CfC~ the prernisrs lfliUfC(I 1P„1IftS~ loss o~ <lar~ia~~ b~• lirc, windsiorm ~r P\fCA1jC(j rncer.i~r and surh ~thcr ha~ard~ .+S ~
m:ae bc r~~yuir~•d bp \fortc.itcr_ in forTn and .~rnounts satisfa~tory to, and in insurance ~ompanies ippro~•~~ci by ~lurtc•+e~~. and avith ~
irrrpt:~hl~ iriort:.i¢~~ 1„ss pa}•:~b1F cl:tuses att,chcd. Such policics. to¢cthcr w•ith such ~bstr;tcts :~nd other tidc ~~cid~nrc as rnZ~•
h~• n•yuir~~~l hc \inn¢zc~•~. sh~il be dt•licered to and held by ~fort¢acer without liabitity. L'~n fore~-I~.sure of this morte.~g~ or ~
uth~•r .irqniSihOll of t6~- prcmi~rs or :inc part thereof by \ivrt¢.~¢ee. said poliries, abstr~ets .ind tit;e• ecidrnce s}i.~11 hrc~.m~ thc
ahc~~lutr pro,~rrh• of ~inrte.~e~-r•.
f~. "I~u first nbtnin th~- Hritt~~n conc~nt of \torte.~ce'e, such consent to be erant~d or withhcld at the sotr dis~rrtion af surh
\t~~rt<_.i,e~.•. h~-f~~rF ~;~ti rcmocine or dcmolishinc anc bnildin¢ now on c~rFaR~r rrcct~cl on the pr~rniscs. Ibl alt~rin~ thc arranc~-
nu•nt, d~•>ien e~r etructur.il chara~trr 1}1CfC0~, tC~ tn~kine any repain which in~-~I~e the r~mmnl of stru~tural parts or thr
rsEx~:urr ~~f th~• incrrior of surh buildin¢ ta th~ ~•1rr~~rnts. or (ti 1 PXCfP[ (or 3omrstir purtws~-s, i-uttinc ur rcmm~mG or Fxrinitti:i~
thr ruttin~ ~nd rrt:zrn.il uf anv trrFS or timb.r on thc prcrniscs
~ i. "I~n r~.~ir.tain prrn:i:es in c~Kxl ~ondition and repair. in~ ludinc but not li~nitcd to th~ niakinC of suc h rrpairs ~c \tort~.~~r~
~ +i~+~ fn~in t;n;~- tn tim~• dctrrmine to tN ne~cssan~ for thc pre-scn-:~tion of the premisrs and to not ~:~~n~nit nor ~Nnnit ~n}• ~v;~sto thete~f.
~ 8 To co~;~pl~• ~~~ith :ill laa.c. ordinan~ec, re¢ulationc. co~enants, co;iditions and te~triction~ .~ffectinC ihe premis~s. and not
to suff~r or p~~~mit art~• ~~i~~l:itu~n thrreoL ~
~ 9. If 1t~rt_~.~cor (ails to p.i}- arzc clii~n, lien or en~ umbrant~ whi~h is suprrior t~ this morte.~~;~, n,-, w•hen du~, anp ta~ or
+«~~s~m•nt ~r incur.+n~~ prcmium. or to kerp thc prcmiscs in rrp;~ir, or shal! cornrriit nr n~nuit sv:ut~. nr i( th~rr br romtnrnc~d
.+riv .c~t=.c~n nr prnrr~r~lin¢ aff~•rtin¢ the prrmi:ea or th~ tide thereto, then \fortcaeee_ at its option. ma~• p,i~• s~id claim. li~n, encum-
hr.~nr~~. t.~x. nss~~ssin~•nt or prrmiu~n, with rieht of subroc.~tian th~rcunder. m:~c ~nakc such r~pairs .~n~! t~kc such strpc as it (jPCII]S
+d~i+:ii,lr t~~ prcvcr.t or ci~rr snr~i W:1SIP_ dnd may appear in an~ such action or procccdinc :ind ret:un roun;~l th~r~in, ancj t~kF
h.i; ti~m th~~rriri ~t~~rtc:~e~~ d~rms ad~isal~ic, and fnr .inv of said purEx~ses \f~rtcac~~ mar .i~1t;~;i~r curh sur:~s of ~nonr~•.
ir~rl+es3inL a11 ~ n~tc. f~•~s and othrr items of Fxp~nse as it deems nerecsary. !1lnrteaee~~ cfi.?11 be thr ~~~Ic jud~~ of ih~ Icealitc.
~.~li~litc en~l priurih~ of an}~ such claim. li~n, cncumbrancc. tax, asscstmcnt and prcmi~lm, and of the ar.u~unt itCCfi..1R' IO h~ p:~id
in ..~ti~f.~~ti~~n th~re~~~f. \tort~.~c~•~ shall not lx~ held ~ce~~untable for any~ dclav in m.~kin¢ .im~ ;u~-h ETe~ntrnt. ~vhiih d~•1.~~- rn.t~
rrc~~lt in .+n~• a~l~liti~ir~::l intFmst. ~osL ~h.irqcs or crpcnsr otheravis~.
1~~ ~L,:t,•.~enr ~cifl p.~~' to \torte.icr~. inune-diatety .~nd u•ithcrut d~rn:~ncl. a11 surns uf tnonrv .+dti.~n~~d h} ~lnrte:~+'~'~ pnrsu-
j :+r:t t~+ tfu: inurt~.ec~•. t~~crth~~r N~ith intcr~st or. ~a~h suct~ adcanrem~nt at thF r:~t~ nf t~n pcr ct~nt ~ 111''i ~~i~~r ,~nniun. .~t~d :~ll
.u~ h s:u;;: .,n~! int<•r~~:t thrn•~~n sh.:ll bc sc~urcd hrrcb~'.
s 11. .VI :amc uf tr.~~tir~} ;r~ ~~rcd h~~rebv shall tN pac.~blc without an}~ rcli~f avh~trt'rr fmm am• ~aluati.m c~r appr,~is~-rn~nt 1aw•s.
t
t 1? If d~f.~ult h~~ m.+~!<• in pa}mcnt of am~ inst.~l:nrnt of princip,~1 ~r intrrrst of s.~id notr or .in~ part ther~of whcn dur, or
in p.~crn~~nt. ~+hf~n due• ~f any other surn se~urcel her~by, or in perforrr:ance of :iny of ~torte.~¢or"s ~~bliqations. ~o~•enants or
aKr~~'tnrc;ts hrrr•under. all ol t6e ind~bt~dness s~n~r~d hPreby sh.~11 be~orne and }~e imrn~~liatrly- ~I:ie and pa}~ablr .~t th~ opti~n of
\I~~rts~.tC~r. ecit}t~,ut r.r~tirr or d~•m.end whi~ h.~rr h~rebr rtprescly w.iiced_ in w~hich e~~i~nt ~1~~rtea¢ee m.~y .~c.~il itcrlf ~r( .ill riehts
.ind n•mrdi~c. .~t 1.~N or in e~~uih•. an~1 this rnortq.iqp may be forrrlc~sed w~ith ~11 ri¢hts and rem~~iies afforcied b~• the I.~ws of
; Fl~~ri~t.? an~2 \tort¢.+¢or sh.~ll pay :JI rnsts. ~harees ~nd expenses th~rcof, includinq ~ rc.~wnable auoincy's fci•.
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