HomeMy WebLinkAbout0327 T(X:F.THF.R \~'ITN .~11 an~i sin,ul.~r the te:ira~rnts, hrr~ti2it.uuents a~id appurten~~~crs thr~.•u~to lklongirti ur ia .~r>wicr
thrrtuuto ~p~Nrtainir.e aud :l~e rrnts, issurs aoJ pro(~u theteut. and also :dl thr rstate, riKht, titlr, i~urrrst and all rL~i~n .~nd
dr:nand N'6:~twr~rr, 1S \VrII in l.~w a's in equity, ~f tl~r s.~id \lurtt.~tior io artd ts the s~r~~, i~~cluding but not limitre: to:
.~II ~onta. profit;. ~cvrnurs, n~yaitics. ri~ht: an4 br~el:ts drri~•n1 (mm (1) erops gruw~i on s:?id sr.-urity ~nd p.~xlucc
oI the soil otherwisr (2) n::, g.?s or tninrc~l Ir:ucs o( tl~~ prrmi.:t or xny p:?•t tl~rrc~f, now exiuinK ur hrrcie::~itcr m.~~le, and ~
{3~ al) other ~ents, issurs aud prufits oI the prrmises fton~ ti?ne to time accniing, whriher undrr lr.isrs ur tru.~ucirs uu~v ~x:stine
or hetr.?(trr cr~aad: En r:rh su~h ~.~se with th~ rieht in ~t?~ \furt..~Kre, but ~nly at its optiun, to r~-.ci~~~ ~ud ~rcript t4vre•f~.:
.~nd to apply the S.1filC :iS it m.?y ~In•t to any ~ndrbt~~lm•ss StY'U7•YI ACiI'~), :md the \~ortga4cr, at it~ uption, ma~• u~aud. :ue (ar
snd «t-o~cr any surh p.?}'~nrnts. rrsc[~inK to ~hr ~Iur~~.~cur, hu~.r~•rr, sn lung as z~id \tortK.iecr ia trot in d.•t.~ult I~rrru~i~ic~, th~~
rikht to n•cci~•r auJ rrtain surh re~:ts i»u~~s :~nd Euofits.
(!i) :~II ju~lguirnts. a~v..sds o( d.~ut.+ec•s .uid scttl.•m~~nts h~•r~-.~fu•r m.~dr .+c a rs+ult o( or in lir~~ ~~f an>• t.~kin~ uf ti~c
prciuiics or any ~xzrt ~h~•rn~f uudcr thr ~x,~vrr o( riainrnt Jo~n:iin, or !ur .~ny c!.tm.icc ( wt?ethcr c.~us~vl b~ ;ach t.~kin~ or athrra~•isr ~
to the preu~i<_es o~ ~I~e i~npracemrnts th~re.~n or :n~• part th: r~wf ::u~ h pa~t ~f ;+m such judg~nent. :~~..ud ur s~•ttl~•~r~~•tu, ic t!u• `
\tort~.i~rc may clrct to tK• applieti! to thc indrbttYln~ss ?i~reLy sr.•urr.i and ~he bil.~n:c thrrrof, if ::m•, to tK• r~:rn•MI to tl~~~ :
party or partics oihcnvise cntiQ~-~t thrrrto.
TO 1I:\\'E :~\D TO llOI.D thr atx>~-~ grantni and d~•scr.lK~i prr~t:iscs to ih~ said \lort~.~c~•~-, itc su~•cc~wrs .~nd a<ciens,
fu~et~er, aeni the s;~id \lort~.teu. docs herrb~ fltll\' N'.1ff1111 the tidr tu s.~id 1:?nd, and ~~ill drfru~! thr a.,:n.- ae.~in:t tLr I..~~f:~l
cI.iims of all ~x•rwns ~vhomux•~rr; pro~•idrei ~I~v_~ys th.it i~ \(Mtr.~C~~r sh:~ll ~y to \lorteacer thai rcrtain preuiis~ory note :IIK~\'C
d~s:ritxd anci sh..l) nerform _~II othrr rncrn.ints .ird con:fitious oE s.~iei promiswry note, ~nd o( any rrne~~~.~1. ertenciun or tn«1i-
!i~ atiun thrrroi. aai! o( this nwrte.~¢~, then this ~nortc.iee and the est.~t. h~r~-hy created sh~ll ce-~so ;?nd lx null and ~•oid.
\1ortGagor furthcr i-ovrnants :ind :~tirc~s ~vith \lortc.~cre as follo~vs_
z
1. To pap all sun~s ;nclu.lin~ iritcrest c~-cund hereby .vhen dur, as pruvided (ur in said prcinisson• note and an~ renchal, J
exten+iun or uiod~fication thenw[ ani! in this mortg.~eP. aU such siuiu to lw payable in 1.1~'(?d money of th~ l'nitec! States of
_\m~rir:: :u ~1ort~_~¢rc's aforesaid princip.il u(ficr, or .~t such nthcr pl.~rc as \lortgagec may dcsignatc in w•ritin~.
Z. To pa~• whrn due, and ~.ithaut n-yuirinC :?ny notirr tro~ii \fortca¢ee, all t. xes. assess~nents o[ any t~pc or nat~u~
, and other charzes Ie~inl or .~ss~ss~~ci ati:sinct the pre~nises h~~rrb~• encumtxriYl ~.r any intere>t of \tortK.~ee therein. To immediatrk
pa~ and dis~harcc am• cl.~im, )i~n or cnrumbra~ir ac.~inct su~-h pro~niscs which i111Y be or tNro:n~ supcrior ta this murtKaCC and
to pcrmit no dr(ault or drlinqurn~y on :~m• othcr LCO. PIIfU111Vf.1llfP c•r charKC ~~.~inst SUfh NCCIIIISCS.
3. If require-d b~ \tort¢.~LC~. t~ .ilco ma.l•e m~•nthh• d~Easits ~vith \lorte~e~•. in z non-i~ti•rest l.r~:vine account, tocether
~cith a~tJ in :iddiiion to interest and princip:~l. of ~ suro eyu-+1 to one-hvelith of th~ ~•early tax~s anr) ass-ssmrnts whi~-h m~~• hr
Icvircl ac.~inst th~ prrmiscs. :?n~l ( if so rcquir~Y! ) on~•-t~~•rlCth o[ th~ ccarl~• prrmiu:ns for insurancc tF:~rcon. Th~ a~uount of such
taxes, ass~ssm~nts :~nd prrmiaau, ~vhcn unlnoHn, sh_?Il 1~c ~sti~nat~rl 1~~ \lort¢igc~. Such dcE~osrts shall br uscel by \[ort~ace'~
to pay s~irh trces. ~ucssm~nts :?nd pren~iums N~hen due. :1np insu(fi. ienc~• o[ such ac~~ount to p~y w~h char¢es wh~-n du~ sh.~il :
be paid b}• \iorte~cor to ~torteaeee un drm.~nd. lf. L}• rraum c.f am• deL:ult by \lortc:i~or uniier any pro~•ision of this murt-
~1c~. ~to.-te~~;ee d~-clires all s~;~tis securecl heret~y ta t~e d~ie and piy:+Llr, ~fort¢a~M may then :~ppl~ an~ tunds in s.;id account
aea:nst the entirc indcbtcdnrss sn•ur~v1 hcrch~•. 'The ~nforre.?hility o( th~ co~•enants relatinq to taxcs. :~ssrssm~nts and insurar~cc
nrcmit~tns hcrcin othe-r~is~ procidnl shall nut t~c .I~~CC(fYI fXCC~t in x? far as thosc oblieations haa•e tx•cn mM by ~omplianc~ avith
this p:?raer.ipL. ~fort,.i;rr m.~p fro!n l1iDf te time at its option ~+ai~•~•. and a(ter any wch N'.ll\"Cf reinstate, anp or ~Il f~0\'iS10715
hereof r~quirine such deposits. bv noticr to \IortCaCM iu Nritine. ~~'hile anp cuch wai~~er is in e(fect ~iortcaeor shall p..~~ t~x~~c. _
acce;sments and insuranre prcmiurus as hrrcin cls~~.hrre pro~idnt. ~
i
4. T~ par ~!1 ta~es. st~rnp tax or OIF1Cf charc~ which m~. Ir- ass~ssed upon this tnurtc:~ee, or s:~id RO[P, O~ ind~bte-dness -
c~-curnl hcrrb~•, M~ithout rck:ud :o an~• law. Fed~ral or State. hercto(ore or hereaR~r en:tctcd. impocin~ p~~•~nent of all or am• ¢
part th~nrof u~n ~fortc.~_cc In cccnt of cnactmcnt o( an}• 1:?w im~sing paF~mcnt o( all or am portion of ang such t:?z!-s up~:n `
~tortc•~e.'~. ~r ~hc rrrderine by any rourt of last resort of a derisiun that the ~mdcrtakinr by ~tortga¢or. as hcrcin pra~•ided, to ~
pz}• such t~z or t~c~s is 1ce111~ inope~aticc. thcn, unless ~iort¢a¢or nc~~~rthelcss pays such :axes, ~11 sums h~reby secr.rcd, withrn~t ~
in}• dnluction, sball at th~ option of \iortgagr_~ b~comt immediattly due and payaSl~_ notwithstandinq anything ~ontai~~ed herein
or any law hcr~•tofc~rc or hrr~aher ~n:ictccl. ~
,
' S. To ~CfC~ th~ pre~nises insurnl aSainst lou or damag~ by [ir~, windsti~rm or extrndeci crn•~ra¢e and such other hazards as
~ ma~• bc rryuircci b~ \tortc~c~r. in form and amounts satisfactory- ta, and in insurance compinics approeccl by \iortc:?cn', ~nd with
E a. reptablr ~nortca¢~e lou payabl~ eLuues attached. Such pnlicies, tog~ther with such abstracts and oth~r title e~•iden« u may
~ -
~ t~ riY~uired b~ \inctea~re_ shaU b~ delicered to artd h~ld by ~iortga¢ee without li~bilitg. L'pon foreclos~ue of this mortc~ce or ~
k other acqu~sition of the prem~ci-s or any part ihereof by ~lortqagc~: said policies, abstracts and tid~ e~•id~nc~ shall become thc
~ .?bwlut~ propert}• of \fortcaeee.
6_ To first obt:?in th~ M-ntte.: consent oI ~tort¢iRee, such consent to be ¢ranteci or withheld at the sole diuretion o[ wch ~
\tort~.~~cc, tNfnte ;al remo~-inq or demolishin~ any 1>uildinq now or her~after ~rec:ed on the premisez. (b1 alt~ring thc arrange-
~ ~nrnt. dec6~n oz ~tnictural ch~racter thereof, (c) makin¢ any repain which im•oh•~ the remo~~-d ~!ruetural pirts or th~•
ex~r~surr nf th~• ~nt~nor uf su~'h buildin¢ to the elements. or (d) e~cept (ur domcstic purposes, cctt~n~ or r~moe~n¢ or perm:tt~ne
~ th~ cuttine and rrmcc~l o( :+ny trc~s or timbcr on ihe prcmius.
@ 7. T~ mnint~~n prcmucs ~n ¢o~d rnnditior. ancl r~pair. includinq but not limih~d to the makinc ot such r~E~.~irs as ~tortca3~r i
~ :n~~• (rom tirn~ tn ume determin~ w be neccssarv for th~ preser~-ation o( th~ pr~mists and to no: commit nar permit any ~vaste thereof.
3
8. To comph• ~.ith all laws. ordinanres_ regul~tions, co~•rnants. conditiuns and rntric:ions affecting the premises, and not ;
to suffcr or pcrmit an}• s-iol~tion thrre~of. ;
~ 9_ If ~t~rtea¢or fa:ls to pay any claim. licn or cncumb;anc~ which is supcrior [o this morteage. oz, whrn duc, an} ta~ or
~ 3cc~csmrot or inaurance premium. or to ktep the prcmises in repair, or shall ~ommit ~r pennit wastr_ or if thrrc be commen~ei
~ .+ny action or pr~c~nlin¢ affectinq the prtmisrs or the tide th~reto, then ~tortgaqee. at its option. may p:?y s:iid claim. li~n. encum-
l~r.~nee-. t~x, :uscsstucnt or prcrniiim. ~vith riGht oE subro¢ation thcrcundcr, may mzk~ such repairs and tatc such stcps a~ it dccros
~ .~d~•is:sblr ta prr~•ent or rnrc wch wastc, and may appcar in any such actior: or procccding and reiain councrl ~hcmin, and takc
su~ h~~ tion themin ic ~tortY~c~e dPen:s ad~-isable, and for any of said purposes ~fortgagee ma}• ad~-anec such sunu of mon~p_
~ inrl~:dinv :?11 cos.s. fecs ar~d other it~ms of ~xprnse as it dee~rs necessary. ~tortSaqee shall tx th~ «de judce of the le~aliq•.
'~2~ ~:~lidih• and priorit~ of an}• such claim. lien, encumbrance_ tax, assessment and premium. and of the amount ~ec~s;~n ta br paid
~ in s:~cisf.irtion then•~~f. ~tortca¢ee shall r.~t bc held accountable (or any dela~ in making any such pa}•rnent, which d~lay :na~-
~ rccult i.~ :im• addition:?) int~rc~t, cnst. ~h~r¢cs or cxpcnsc oth~rrrise.
~ 1~~. \i~~rtcacor ~.ill pay co \Iurtp_a¢~~. immerliitel~ and ~+:ithout dcmand, all sums of mone}• ad~~anccYl bp \tor.~ac~r pursu-
:+nt m this n:~~rt,.~.•~. t~~ecchcr witn interest on cach such adcanr~ment at the ratc of ten per cent. (10^'r 1 prr annum, and a!1
~ su~ h cuiti. ~n~1 intcr~ ct thcrcon sh:ill bc se~!in~ hcrcby.
~
~ S;. A'1 cun~c e~f m~~nc~ ce-curccl hereby chal! bc pa}.iblr ~cith~ut am reli~f w•nat~~-er (rom any val~atian or apprais~ment I.~ws_
z~
12. if d~ [,nlt I.~- ~nadc in pagmrnt of an~ inst:,lmrnt o! p::ncipal or interest of said not~ or :uiy p:+rt trteres~f w•hFn dii~. or
~ in pa}~rncnt. wh~n <3ur vf ~ny othrr sum SfCUfKI }1fMDV. O~ in prrfcrmanc~ of iny of ~iurt¢aqors obligati~ns, cca•cnant~ or
` a¢r~~•mcnu hrrcunder, all o( th~ indrbtcdness securrd h~rtby si~ail becomc ar:d bc immcdiat~ly duc and payable at the opiioi. of
~ ~fortx.icec. N-ith~.ut nnticc or c1~•mand •~hi~h are her~b~ e~pr~ssly wai~cd, in which t~ent ~fort~age~ may aa-:?il itscl( :U ri~hts
~ :md re•n:rdiec. at l.~w or ~n eqa~ty. an~ this mortcake ma~ b~ (nr~closeel with all riGhts and remedirs affordeei b} the la~s•s of
~ Eloridl and ~tortc~cor :hall pag all ~octs. charges and eapens~s th~reoi, including a teawnable attornry's fee.
J F!
~ ~~K21~ ~ 3~8
~
~ _ . - - -
. ~
~ - : _
~ ~ ; .