HomeMy WebLinkAbout0395 TOGETHER \~ITH all at~d singuls~ the trnemcnts, hernlit:?~nrnts and appa~tcn..rces thcn•unto lx~bngine o~ {/I dI1\WISC
thc~eunw ~~e~rainin[ aa~1 the crnts, iuucs and pro[~u th~rcwf, =md a:w atl thc cstata right, titie, interest and all ciaim .~nd
de~nai~ Mhatsoc~•ec, as writ in izw a; in equity. 3( the uid \tortg.~gur in and to the srmr, including but ~wt limitcd t~:
(a) Al) repu, pr~6ts, ~evenua, ro~rities, rights ane! ~enetiti drrirrd (ram ) erops grown on said srcurity and prcxi~ece
rt ~he soil otherwiu j2) oil, gas ur mirtrral Icascs of thr prrmis~-s or any p~rt the~a~[, now eaisting or her~inafter n+adq and
(9) aIl otAer rec:t:, issues aod profiu of the p~•misrs irom time to qme aceruing, whetl?:r u~de~ lcase: or tcnanci~s now cxisting
or hrreafte~ c~eat.d; en each such case with the right in the .lf~rtgagee, but onlp at :ts option, to rerei~•e ~nd rece•ipt thrrr(or
and to appty the same as it may rlect to any indebtr~ln~ss scYUre-~! he?r6y, an~ :hr :1~ortgaqre, at its a}~tion, may cleinaud, sur for
~nd recover any such ~y~nents, rrun•in~ to th~ \fort~.?gur, hoNr.•cr, so long as sc?id \iortg~¢or is not in default hrrcunde~, thc
n~ht to recei~•e and ~etain such rrnts, iuun and profits. '
(b) .All judgments, aMards o( d~migrs and settkme~ts hercaEter made as a r~•sult of or in licu of any t.:kinq of thc t
pr~~nises or any part thcreoE unde~ the powcr of eminrnt damain, or for any dam~~e (Mhrther causecl t~y s~s,h taling or othcr~visrl
to the pr~mises or th~ ir.tpruti•emc~ts thereon or anv part thrreof; su~h ~~art o[ any such judgtn~nt, a~vanl or settl~ment, as thi~
\turtgagec may fIK~ to bc aNplird to the indebt
dncss hereby sccurc~l a~id the balancr thtreof, i[ any, to bC [CSffYHI to tt~~
party or parties othtr~visc r~~titlivl th~reto.
TO tiA~'E :~\D TO }IOLD the above grsnted and describeci pr~mises to ih~ said \lo~tgagee, iu succe,wrs and ~uicns,
(urn~er, and the said \lurtqagor do~t hereby luliy watractt th. tittc to said iand, :md ~.•ill clefrnd the same ac::enst tAc la~,ful
~~L~ims of all perwres whoii~~oe~r~r; proviJee! always ~hat if ~tortgagor sh~ll pay to Aiortkagee th.~t rrrtain proiniuory note atxa•c
desrribed and s.hall p~rform a8 other corenapts ar.d conditions of said pronussory note, and of any renewal. extrnsion ar tnocli-
(iration thercof, and of this mortg:tge, thrn this martgaQe and the estat~ hereby created shall tcase ind be null and ~roid. ~
111ortgagot fur~hrr ~ovtnants and aqrres with \tortgagec as (ollows:
- 1. To pay al) sunu including inter~st sccurrd h~reby when s1uc, as pro~•i3ccl (or in said proinissory note Znd any rertewal, ~
l
rctension or iuai~lication thercof and in thu ~nortgae~, all s~ich sums to be µ~yabte in IIWEGI inoney of the Unitcd Stat~s of
~ :tmerics at !1~ortgagcr_'s a(orts_3id principal office, or at such other plsce as ~iortgagee may des;gnate *n writing.
2. To pay w•hen due, and without rcquiring any notice irom \tortgage~, aq taxcs, assessincnu of any type or naturc
and other chartics la-in1 or assessrcl ag~inst the pren~ises h~rebv rncumbc~ecl or any interest of \lortgiqe therein. To immniiatcl~•
p.~y ar.d d~charqe anv c~aim, lirn or ~ncumbrance a¢ainst such premisrs which may 4x. or become superior to this ~nortga¢e and
to permit no deiault o~ d~linqurncy ort any othcr lirn, rncumb~~nce or eharg~ against surh premisrs.
3. Tf rcY~uirecl by \fort¢~~re, to also ill.lif ~nonthly deposits N1[~I itort¢aqee, i~ a rtort-intttest bea:inq aecount, tofieth~r
~cith and in addition to intar~st anJ princip:d. of a sum rc~u:J to on~-t.velfth of th~ ~~arlv ta~rs and ass~ssments which mav be~
l~~ied asainst tht prrmises, and (if so rrq~~irn1} one-tweifth of th~ rrarl~ pr~miunu tor irsurancr thrreun. Th~ amount of such
taxes, 15Sfii(l1rRCS and premiums, when unknoNn, shall be~ estimateYt b~ \tortGagee. Sueh deposits shall be usecl try Jtortrag:ti
to pay sueh taxa. asses.unrnts and premiums when due_ :~nq insu(Ficiency of such acconnt to p~p snch eharges wh~n due sh~U
be paid by ~lortgacor to ~fortCa4~r on d~mand. If. I,y re~son of am dcfa?dt by ~tortgagor under any pro~-ision of th6s mort-
¢age, \tortsa~cc declares aA swns sccured hercby to be cltte ::nd pay.~ble, ~furtqaqer may then aoply any (unds in said account
against th~ ~ntirc- ind~btcdn~ss serurecl herebr•. The ~nforceability o( Ihe co~•enants rclating to taxes, afsessments and irauranc~
prcmiums hcrcin otherw•isr provi~l~c1 shali nut be affertr.t csccpt in so far a~ those obliGations ha~e bcrn mrt by ~omplianc~ with
this paraeraph. ~torts:?ce'r m1y from tim~ to time at iu opt;c+n waia•c, arxl after any such wair~r reinstate, any or all pro~•isions
h~reof re~quiring such depcnits, b}• notic~ to Tfort¢aqor in writin¢. 1~'hile any such waia-er is in effect ~iortg.~gor shall pa~ taxes. .
asscssments and insuranc~ premiunu as Anein els~where pro~~idcd.
-1. To pa~ all t:?res, swmp tax or other charge which ~na? ~ asscssnl upon ihis murt¢ag~, or s~id not~, or indebteclness
st~ured hrrcbp, without reqanl to au~ law, Fnltta) ar S~3[~', Elt!<<Of0lt or her~alter enacted, imposing pay-mcnt of all or an~
part th~reof a~wn ~tortca~P~_ In r~•ent uf rnacUnrut o[ any law imposiag pa}•mcnt of all or any portion of any such taxes upon
~~orteagee, or the r~nderinR by ~ny court of last resort o( a decision that the uncl~rtakinq by Ato~tqagor. as hertin pro~•ided, to
pa~ such ta~ or taxes is le~atly inoperati«, then, unless ~fortga~or ne~•erthelrss pa~z such taxes, alt sums hereby s~currd, without
any deduction. sh:~il at the option of Jiortgaget become imratdiately dut and payable, notwithstanding anythen¢ containrcl her~in
or a~} la~+ hercto(orc on c~rcaft~r ~nactc~cl.
5. To k~ep the prerniscs insured against loss or dainage by fire, windstorm or ext~nded co~•eraq~ and such other h;.za~ds as
inay be required by ~fort¢a~~e. in form and amounts satisfactory to, and in insurance companies appro~•ed by 1lfortgagce, and with ~
acccntabk mort¢aKCC loss payabie clauses attached_ Such policies, togethrr wit6 such abstracts a~d othrr tiQe tK't(jfRfC as maq f
Ix~ reyuirnl by Zfort¢aqee_ shal) bt tleli~•err.l to and hdd by ~fortgagee without liability_ Upon foreclosu~e of this mortgagr or ~
. other acquisition ~f the pr~mises or any part therc~f by Sfortgagee, said polici~s, abstracts and tide n•idrnce shall become the
, aosolute propcrt~ of ~tore¢aeee_ '
fi. To first obtain the wTitten consent o[ ~iort¢a¢~e, :uch consent to lx granted or withheld at the sok discretion of such
' ~tortc:?qee, brfore (al remocing or demolishir.g an~ building now or her~after erected on tf~e premises, (b) a~t~ring the arrange-
mrnt. de~i¢n or scructurai characttr therco(, (c) making aay re~in whech imvh•e t}.e r~mo~al o[ structural parts or the
exposure of th~ ir.t~rior of such-b~ilding to the elPments, or (d) except (or domestic purposes, cutting or r~mo~•i~g or permitting
thr cuttin.q and remocal o[ any trees or timb~r on the premises.
_ 7. To maiutain pr~mises in ,qood condition and r~pair, including but not limited to the makia¢ of wch repairs as \iortgagee
ma~ (rom timc to time dct~rn~inc to bc nccrssary• for the presenration of the pr~niises and to not commit nor pcrmit any evaste t~ereot.
8. To complv ~vith all law~s, ordinances, rcgulations, co~•enants, conditions and restrictions af(ecti~g the premises, and not
to suficr o~ pcrmit any ~•iolation thereo(_
9. tf ltort¢ago~ fails to pay any claim, 6en or rncumbrance which is superior to tnis mort¢agc, or. when du~, anp tax or
accessmPnt or insur:~nce premium, or to keep the premises in repair, or shall commit or }xrmit waste, or if ther~ b~ commenctd
any action or prrx-ecciing affcrting the premises or the title thereto. then ~tortgagee, at its option, may pap said daim, licn, encum-
br.ince. tax, assessment or pr~mium. with right of subrogatio~ thetP~indrr, may n~kr such r~pain and tak! such st~ps as it deems
.~d~~isaG1P to pr~~•ent or cure sueh wast~, and may apptar in any such attion or proceeding and retain counsel therein, and take
eu~h anion thrrrin as ~tortcaq~e deYms adcEsabl~, and f~r any c~f said purposa \tortgagee may ad~•ance such sunu of money,
inrl~~dinc all costs. ic^s and othcr it~ms of expr~se as it deems necessary_ ASortgagce shall be the sole judg~ of the le~cality,
~alidit}• and priorit~ of any such claim, lirn, ~ncumbrance, tax, asstument and premium. and of the amount n~cess~n to be paid
in citicf:?rtion thereof. ~tortq:u•te shalE not be held accountablt for any delay in makinq any such pa~Tnrnt, which delay may
rrult ir, .:n~• addE:Eoni) intrrest. cost, cha;ges or e~prnse othcrwiu.
I~f. :fn:t¢a¢or w~ll pal~ to ~fort¢agte, imrt:ecliat~lg and without demand, all sums of monry ad.a~ced by \fortGaee~ pursu-
ant to thi~ n.ortc~ec. t~~ther with interest or. each suc~ adcanc~ment at the rat~ ot ten per cent. ( I Or'~ ) per ~nnu ; and al:
sc~h sums aid interest th~reon snall be ucun•d h~r~by.
I I_ :VI surns of mon~y securcd hcreby shall be payabk wzthou! any reli~f whate~er from any va:uation or appra:seme.yt taws.
] 2. tf d~(ault h~- made in payment of any instal~. rnt of principal or interest of said rroit or any pan ther~of wh~n due, or
in p~~-mcnt, w~hrn due o( anr other sum stcured htreby, or ia performante of any of 1lfort,qagor s obligations, eocenants or
aerccm^nts hrrcund~r, all o( the indebtedness secured hereby shall become an~ be imme~3iately due and payable at the option of
~tort¢iECt, without r,otic~ or d~mand which are h~reby expreuly waiced, ir, which c~•ent ~iortgagee nay aa•ail itulf of all rigi~ts
and ffihP(~1f3, d~ ~dW cr in ec~uity, and this mortqagr may be (orecloscd with ai) rights and remedies aff~rded by lhc !aws of
filo•ida and 1lvrtqagor shaU pay all ccrsts. char3es and exp~nses thereof, including a reasonable attorney`s fee_
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