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HomeMy WebLinkAbout1392 TOC:E1'liER lTti all and singula~ ~he tr. emcnts, hcrnlitatncnts a~d appu~tea~nces th~rrunto lxbngine ur in a~?ywisr the~eunto appertaining and thc rents, iuues and profiu thereot. and also ali tlie atate, right, litle, intcrest and all cl:?io~ a~d d~~naad whatsoe~~er, as well in I~w ,ts in equity, ot the uid :1lorteago~ in and to the sam!~, includiog but aot limitcd to: ~a) All ~mtat ~:rofits, re~•e~ues, royalties, rights a~d benefits de~i~•ed trom (1) c~ops srown on said secu~ity anci pr«luce of the soil oiherwise (2) oil, q:.s or miner:.l kases of the preouscs or sny pa~t thc~eo(, now existinq or 1?~~einafttr made, and ~3) sU ajhet reuts, issues and prolits o[ th~ pmaises froni tin~e to tinx accruing, whether under lrasrs or tenancies nu~c :xistin~e or herrafter created; ia each such casr with the ~igl~t in the \fart~agee, but onlv :?t its option, to re.eive ai?d reccipt thr~r(or and tu apply the san~e as it may elect to any indeLtnln~u securcd hereby, and the \tortgagre, at its option, may 1IC111.lflLI, SUC (or and rero~-e~ any such paym~nts, ~esen~ing to the ~tortgagor, howe~•cr, so long as said !liortg~¢or is not in drfault hereunde?, tA~ riKht to recei~•e and rrtain s:uh rrnts, issucs and profits. ~ (b) ~II jud4ments, Zwards of d~maYes and scttlrmcnts hereaftrr m.?dr :?s a resuit o( or in licu n( any takine of th~ ptcmises or any part thereoE u~idrr the po~ver of eminnit do~nsin, o~ for any damagc h.heeher causnl b~ such taling o~ othcchiscl to the pr~mises or the impru~•~mrnts therean or any ~urt thc~eaf : such part o( any such judgment, aw~rt1 or scttlrcnrnt, as the \tortg~gee may elect to ue applird to the ii~dcbtedness hereby s~~.urecl and the bal~nce thereof, i[ any, to be rrs~n•ecl to th~ party o~ partict OIIIPRYIS~ e~~titlni thcreto_ - TO H:\~'£ A\D TO IIOI.D the above granted and druritxYf pre~nises to the said ~fo~tgagee, its successors a~d auicns, , forn-cr, and the said ~tortragor docs hereby fully warrant the title to said l~nd, c~nd wiU dciend th~ same 3G:1!I1S~ thc Li~.~tul cl:?ims o( all persons M•homsor.•er, provideci always thit i( \tortgagor shall pay to \iortcaq~e that certain promissory• note abocr drscribecl and shaU l~erf~rr.i all other co~•~nznts and conditio~s of said promissory r.ot~, and o( any renew:?1, extrnsion or modi- ficatioo th~reof, and of this mortgaqe, ~thrn this mortciBe and thc ~state hereby createcl shaU c~ue and be null and troid. \ :~iort~a¢or funhcr ~ovrnar.ts and agrcYS with ~tortglgee as (ollo~n-s: ~ L To pay all surns induding int~rest sccureci hcr~by when duc. as provided (or in slid promissory• note an~ a~y ren~wal. . estensiun or mod~[ication ihereof and in this mortg.~qe, all suck sums to b~ payable in 1:?~c[ul mo~ey of the L'nited States o( :~merira at \iortq.?ee'e's a(ores~id principal of(ice, or at such other piac~ as \iortgac~e m:?y daignatc in writine. 2. To pay ~vhen du~, and without rcquirine ~m• notice from ~tort¢agee, aU tax~s, auessmcnts oi any type or naturc and oth~r chargcs ic~•ird or assessecl against the pr~mius hereby cncumberecl or an~ interest of \lortgaGe thercin. To~ imm~diateW' , ~y and dischar~e any claim, licn or ~n~umbranee :ie.~inst such premises ~vhich may be or becom~ superidt to this mostgage and to permit no default or delinquenry on anp ot!~er li~n, ~ncumbr~nce or charge seainst mch premiscs. . 3. 1( requirnl b~ ~io-t¢accr, to also ma4~ mm~thly deposits Hith \iortGa¢~e, in a rron-i~terest bcarint account, togeth~r ~~ith a~d in addition to interest and principal. of a cum n~~cd to onc-hvel[th of the yearly taars and asxessmrnts whirh mar• br lcvied acainst th~ premises, :?nd {i( so rcquiml) oni•-tNel(th o[ the ~•c:?rly pr~miunu for insunnce th~reon. 7'he amoeint of such taxes, assessments and premiums, whrn unknown. shall tu estimat~~l by atoreQ,qer. Su~h depo:ics shall be usni b~ ~toc~Ga±c~~ to pay such t:?aes. useu~nents and premiums w•hen due. :\n~• insu(lieirncy ot surh account to pa~ such char¢ea .ch~n due shal! be paid b~ \[ort¢icor to ~[ortg.sger on demand. If, by rciwn of any dcfa?ilt by ~fortga¢or und~r any pro~•ision of this mort- g~e~_ ~tort~.i~~~ d~ '~rn all sums secured h~reb} to !x due and piy:+6le. \fortqaqe~e may then apply any funds in said account against ti?e rntire indebtednesz securnl her~5p. The enforcr.ibilih of the cocenants relating to ta~es, auessmrnu and iruurance premiwns herein otherMise pro~•idnl shall not be aff~ctni e~~ept in so (ar as those oLligations ha~•e Acen met by compliinc~ with ~his para¢raph_ ~tortcaeec m~y frotn time to time at i*s option N~i~•c, and a(tcr any such wai~•cr rcinstate, any or all pro~~isions hereof re~uirin¢ such deposi~s. by ~w~ice to \fort¢Zqor in writine. ~~'hile any ~uch waiver is in e[lect ~[ortqaQor ~hal! pay ~a~~_ assessments and insur~nce premiums as hrrein els~where procided. ~1. To pay all tues. stamp tax or other charge which miy be assessecl upe~n this inortgaq~, or s.~ict not~. or iudebtnlness securecl herebp, without rceard m an~ law. Fecleral or State. hereto:ore or her~aft~r enact-d, imposinq p.~y-ment of all or any part thereof upon \fortcag~e In ea•ent of ~nactmtnt of ang law imposing payment of all or any portion of any such ta~es upon \tort,q:?qrc, or thc ronderinQ by an~ court o( last resort o( a decision that the undenaking by ~fortgagor. as hercin proa-ide~d, to pa~ wch ta~ ar taces is ]ee~lly inoprrati~•e, then, unless ~lortgacor neh•erthelrss pa~-s such taxes, all sums hercby secured, without , any deduction. sh:~lf at th~ option of ~tortgagee brcome immediatelp due and payabl~, notwithstanding anything containre! herein or am law h~rctoforc on c~r~aftcr rnactcd. f 5. Tc kerp the premises insured against lou or darteage by 6r~. windstorm oe extended co~•era3e and such other hazards as may be required b~ \iortgaeer_ in form and amounts satisfactory to, and in insurance companies appro~ed by ~fortgaqe~, and with ~ arc~ptable mortQi¢ee loss Fayable clauses attached_ Such policies, tog~iher with such abstracts and other title ecid~nre as may i br rcquirccl by \tortcaScc, shall bc dclia•~rcd to and held by ~fortgaget without liability. L'pon foreclosure of this mort~age or i other acqu~sition oI the premis~s or anv part thereof b,v \tort¢agee, said policie3, abstracts and titlc e~•idence shall become the ~ ~ absolute proFxrn of ~[ortqa¢ee. ~ 6. To first obtain the written conunt of Aiort¢aGe~, such consent to be granted or withheld at the sole discretion o( such ~ \tortqaC~~. ix~forc (a~ remo~•inq or drmolishin,q any buildin~ now or her~after ererted nn th~ pr~mises, (b) altering the arran¢e- n:ent. desi¢n or structi~ral chancter thereof, (e) mating any repain which imrol~•e the remm•al of structural parts or the ~ exposur~ oi the int~rior of such building to the ele;nents, or (d) except for dom~stic purposes, cutting or r~movin~ or permitt~nc ~ the cuttin~ and remo~•al o[ any trr~s or timber on the premises. 7. To maintain pr~mi~=_s in good condition and repair. including but not limited to th~ makinq o( such rrpain as ~tortgag« may irom timc to :imc determine to bc nec~ssary for the pres~nation o[ the premis~s and to not commit nor pennit any ~vaste thercof. 8. To complr a~ith all la~vs, ord;nances, regulations, co~cnants, conditions and restrictions af(ecting the premises, and not to suHer or prrmit ang ~iolation thrr~of. _ ~ 9. If ~torteaeor fails to pay any claim, lien or encumbrance whech is superior to this mortqag~, or, when du~, any tax or .~csrssment or insuranc~ premium. or to ke~p the premises in repair, or shall commit or perrnit waste. or if there b~ com;r.~nced .~m~ artion or prcu~rdin~ affcrtinq the premis~s or the title thereto. then ~iortqagee, at its option, may pag said claim, iien, encum- branc~_ tax. :usess~n~nt or premium, with right of subrogation thereund~r, may make such repain ar~d take such st~ps u it deems :.d~~isabl~ to pre~ent or cure wch wute, and may appear in any such action or proceecling and retain counsr: therein, and tak~ ci~~ h~~tion thrrein :?s \tortqaGK drems ad.•isable, and for any of said pt!rposes ~iortgagee may ada-ance such sums of mon~y. • ~ in~-Lidin¢ all costs. fees and other it~ms of eapense as it deems necessary•. 111ortqagee shall be the sole judgt of the legality. y ~alidity and p~iorit} of any such cla'sm_ li~n, encumb:ance, tax, assessment and premium. and of th~ amount necessary to be paed in satisfi['L'GR thercof_ \lort¢aqce shall not be h~ld aecountable for any delay in making any such pay-ment, which delay may ~ r~sult i~~ any additional mterest, cost, charges or expense otherwise. ~ 1~. ~tortearor will pac to ?ltortga;~e. immediately and wi~hout demand, ali sums of mon~y ad~•anced by ~toztCicce pursu- ant to this rnorte~cr. toeeth~r with interest on each such ad~•ancement it thr nte of ten ptr cent. (1_Or'~ ) per annum, and all ~ ~ su: h sunu and interest th: rrnn shall be sccurecl hereby. ~ 11. .~il s~ms of moncy secured hcr~by shall be pa}able without any rrli~f whate~er irom any raluation or appraisement laws. ~ 12. If de(ault be maJc in payment of any instalment of pr.ncipal or interest of said note or any part thercof whcn du~, or ~ in pagtnent, w•hen due of any other sum secured hereby, or i~ performanc~ of any of 1lfort,qagor's obiig:,tions, ~oc~nanu ur _ ~ i¢re~menu hcreunder, aIl of the ind~btedn~ss secured hereby shall brcome ar.d be immediately due and payablt at the option of ~fortga¢«. without notice ar -icmand which are h~r~by c~pressly wai~•ed, in whieh e~•cnt ~[ortqagee may a~~ail itsclf of al! ri¢hts _ ~ and r~medics, at law or in equity, and this mortgaqe may be forcclosed w-ith a11 riqhts ind rcmedies a(forde~cl by the laws ot ~ flonda and ~iort.r,ager shall pay all costs. charg~s and eapenses thereof, including a reasonable attorney's iee ~ saox~~~ P~tSE1~7~ ~ ~ ~ - : ' ~ ~ _ G ~ ~ _ _ ; _ ~ ~x ~._.K._ _ :~`k _ a_ ~ -.:w - _ . - ~