HomeMy WebLinkAbout1408 TpCFTtiER ~~'ITII alt a~xf singular th.e ~rnemrnts, hc~niitamruts and appurtrnancrs lhrrcunto lxbngin~ u~ in lfl~'NIY' ~
thereunto appcrt.?ining and the rrnts, issucs and p~ofiu thereof, artd also all the cstatc, riKht, titlc, inurat and a!1 claim an.i i
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drn:and whatsoever, as wejl in l~~. :.3 in equi~r, of thr said \torttis~or in and to the sa~ne, incl?:ding but not limited to:
(a) All rents. PfOli:s, re~•rnurs, ro~altics, rights and br~e(its llfflCati (rom (1) crops grown on said secu~ity and prafuce ;
uf the soil othemise oil, gas or minrro! leases of thc premises o~ any part the~rof, noN• existin~ o~ he~ei:~a[u~ roadc, and
(3) all othe~ rcnts, issues ana oro[its o( the prcmises from timc to time accruing, whethe~ under le:?scs or trnan.i-s nuw cxisting
or he~ ~a(ter creatcvl; in eacl• inc ~:?se wilh the ~ight in Ih~ :~lorlgagre, Lut ortly at its option, to recrive und rercipt th~r~(o~ _
a~d ~o apply thc sa~nc as it ~.~ry elect to any ind~btctilncu srcurrd hereby, aod the ~1urlKag~c, at its uption, may ~I~•mand, sur fo~ ~
and ~cco~•er any such payments, resrn•inK to ehc \torteaSor, howev~~, so bng :u s:~id \tortg:?gor is not in dcfault tier~undcr, th~
rirht to recei~•c a~Ki rrtain surh ~rncs, iuun and profits.
(b) :VI judgm:nts, awa~ds o( damaees ~nd srttlcn~rots horr:?Rcr m:~dr as a ~csult of or in licu of any t:?kinq of th~
premiscY or any part therevf under the por~er a[ emin~nt domain, or (or any damage (whetiier c.~used h~ such tal-ine or otherwisrl
to the prcmises or tl~c improvem~nts th~reoa or any put thrrcol; wch part of ar?y such juu3nxnt, a~vard or s~td~ment, as thr
\tu~tg~gee nay elect to ~e applird to the i~d~bteclnrss hereby securrci and the bal~nc~ thrreof, if anq, to be res~n•ect to the
party or pattics oth~rwise cntitl~~l thercto.
TO IIA~'E ~\D TO 1lO1.I1 th~ alwve grantc~ci and drscritx-ct premiscs to thc said :~Ior.g:igcc, its succ~sson and assikns, ,
fure~er, anc! the said ~tortK.?gor does her~by fully ~sarrant the title to said land, and will cirf~nd the s:un~ ae:~~iut the 1.~~.~(~d
~~I:~i~ns of all prrsc~ns ~~•homsoeve~; pro~•idcci always thZt ii \tortgaqor ~aU pa~ to \tortxsgee that ccrtain proinis~ry nott abo~-e
dcscritxcl and shall per(orm all oth~r cov~oants and conditions o( saiJ promissory not~, a~zd o[ any ~rne~val. extrnsion or mati- i
fication thcrcof, and of this mortgaR~, thrn this mortc:?e~ and thc ~state hercby creatrd shall c~ase and bc nuli and ~•oid. ~ '
111ortq.~gor further co~•cnants and :+gr~~s with \tortg iQee as (ollow~s:
~ 1. To p~y all sunu indudinQ interest securecl h~reby ~vhen (Iltf , JS prucidiYl !or in c~iJ promissory note :+nd ~r?y reneNal. ~
extcnsion or mod~fication ther~~uf and i~ this mortgiee, ~U such sums to be p~yabl~ in la~~•ful ~?eoney of the lnited States of
:~merica at \fortcaeec s afor~s~id principal o(fire, or at such other pl~ce Zz \lortgagee may desiSr?ate in writing.
2. To pay N•hcn duc, and a~ithout -rquiri»¢ :?ny notice from \tort;lgee, aU tax~s, tssessnients of any type or naturc
and othcr charee3 le~•icd or assrsscd ae~inst thc pr~miscs h~rrb~• ~ncumbcrcd or anv intcrest of ~lortcaK~ thcrcin. To immnliat~h•
pay and disch~rqe anr claim, lien or encumbranr~ ae~inst se:ch pre mises which may be or become superier to this mortqage and .
to permit no default or delinquency on :~ny other lien, rncuinbrinc~ or char¢~ aC~~nst such prr?nises
3. If rc~uirecl by ~tort¢aeee. to also m:+kc mo:uhl~ de~wsits with ~iort~ager. in a non-interest Maring account, toeethrr
~.itb and in lddition to intcrest and principal, o( sum n~u:~l to on~-t~:c(fth of the ~~carly taxcs and uussmcnts r~rhich m~~ bc
lecied aeainst the premises, anc! fif so rrquinYi) OlIC-[N'Clltfl of th~ ~•ezrh• premiunu for insurance th~reon. Th~ :?mount af s~ech
taxes, aucssm~nts and premiums, whrn unknown. shall bc cstimaavl by Jfortgaqcc. Such deposits sha11 tx useci by Liortcaccc
to pay such taxes. asseuments and premiums when d:ie. rlny insu(Ficiency o( such account to pay such charges whrn due shaU ~
be paid by ~~ortgaqor to ~fortqa¢ec on demand. If. by rras~~r, o! :?ny defa~dt b~ lfort¢agor under an~ proeision of this mort-
~aqc, \lortca°re d~~lares all sums s~curee! h~r~by to fx due and {u)~ible, 1[ortqaecr miy then appl~ any [unds in said account ~
a¢aiiist thc ~ntire inelcbteclness securcY) I.crcby. The rnforceabilit~ of the co~•enants r~latinq to taxa, asstssm~~ts and insuranc~ {
premiums h~rein othrr~vise pro~-iJec1 shall not tk affrctni e<crpt in so far as thcne obliQations ha~•e bcen met by ~ompliance avith
this para¢raph. ~tortc:?¢ce may from time to time at its option ~+ai~e. and aft~r any such ~vsi~•cr rcinstat~, any or all procisions
hereof requirinc w~h deposits. by notice to ~tortqaeor in writinq. ~Yhil~ any such N1~~Cf is in effect 1lorte~qor shall p~~ t:?~es.
assessmrnts and insurancc nrcmi!~ms as hcrcin elsewhere pro~•idcd. d
4. To pa~ all ta~es. stamp tac or other char~e whirh may br ass~sse~el upon this ~norteag~, or said T1JLP, or ind~btedn~u ~
securecf hereby, without reeard to an~ law, Fedrral or State, heretofore or h~rcafter rn3ctrd. imposinG p~~ment of all or am• ~
part th~reof upon \tortc:?ree. in event o( enactm~nt of am- liw imposing paym.-nt of al! or any portion of any such t:?zi> upon ~
\Sortgae~e, or thr r~nderinC by ang court of last resort o( a decision that the undertakinq by ~tortgagor, as h~rein previded, to ~
par snch tax or tazes is le¢ally inoper~ti~r, then, unless ~fort¢agor ne~•trtheless pays such ta~ccs, all sums hrreby xcured, without {
~ny deduction, shaA at the option of ~iortgigee become immediatdy due and papabl~. notwithstanding anything containc~l her~in
or any law hcrctoforc on c~r~aftcr cnactccl. ~
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5. To keep the premiscs insurcd aQainst loss ~r damage by firc, windstorm or ext~nc!ed crn•eragc and such oth~r hazards as / '
mar• be required bc \fortqaeee, in form and amounts satisfactory to, and in insuranc~ companies appro~•:d bq ~tort¢a4ee, and with #
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~ acc~ptablc mortea¢ee :ou pi~abk clauses attached. Such policies. together with such abstracts and other title ~~•idrnce as may ~ ~
f be roquirni 6y ~iortcagee. shall be delic~recl to and h~ld by ~iortea¢ee without liabiiity. L'pon foreclosure of this mortgagr or :
I other acquisition of the prcmises ar any pazt thereo! by rfortgagee. sai~ policies, abstracts and tid~ e~•idence shall berome the i
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absolute proExrt~ o[ \tort¢aecr. ;
5_ To first obtain the written cons~nt of afort¢a¢ee, such consent to be qranted or withhcld at the sole discretion oi such ~
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~tortg:+cee, brfore (a1 rcmo~•ing or demolishinQ any building now or hereafter crtcted on the premises. (b) alterine the arran¢e- ;
n:ent, desi¢n or structur:+l chaneter th~reof, (c) making any repain which imrol~•e th~ rcmrn•al of structural parts or the ~
etposure o( the interior of such building to the elemrnts. or (d) exc~pt for domestic purposes, cutting or r~mo~•ing or permittine ?
the cuttin¢ and remo~-a) o[ any trccs or timber on the premises_ #
7. 'Co maintain premiscs in good ~ondition and repair, includir.¢ but not limited to the making o! such r~pairs as liorte:?g~~ {
m~y from tim~ to time determin~ to be neceuary for the presen•ation of the premises and to ~ot commit nor permit any ~vaste thtreof. !
8. To complg with al) laa-s. ordinances, rcgulations, co~~enants, cor.ditions and r~strictians affecting the premis~s, and not
to suffer or permit any ~-iolation th~reo(.
9. I! ltort¢agor fails to pay any claim, lirn or er.cumbrance which is superior to this mortSage, or, when du~, any tax or
" zss~csmcnt or insuranre premium. or to kcep the premises in rep:+ir. or shall commit or p~rmit wute, or if thcr_ br commenced
:m~ act%on or proceeYlin¢ affeciin¢ the premises or the title thereto, th~n :~forigager, at its option, may p:?y said claim. lien. rncum-
brancr. tix, :usessrnent or prrn~ium, with right of subrogation thereund~r, may make such r~pairs and take such steps as it deems
ad~-isable to pre~•~nt or cure such w:,ste, and may appear in anq such attion or proceecling and retain eounsel therein, and take
surh a~tion ther~in as ~Sort¢aQCC de~ms ad~-isablc, and for any of said purposes ~tortgagce may ad~•ance such sunu of money,
~ in~.udinq aU costs. fe^s and other items of eaprnse as it deems neceuary. :1lortqagee shal) be the sole judge of lhe ]eqality.
caliditp and p:iority o( any such claim, lirn, encumbrance, ta~c, auessmrnt and ptemium. and of the amount n~ces~~ry to lie paid *
~ in satisf:?ction therrof. \fortKagee shall not be held ac,ountable for any delay in makin,q any such pay-m~nt, which d~lay ma~•
~ result in any additional int~rest, cost, cfiarges or expense otherNise. _
~ 1(1. ~torteaeor will pap to \iort¢aq~e, immediately and without dcmand, all wms of money advanccd bv \forte~ece punu-
ant to tt is mortc:~e~, to¢ether with interest on ~ach wch ad~•ancement at the rat~ of ten p~r cent. (107~ )~r annum, and all
~ wrh sums and intcrest th~rern sh,ill be s~cured hercby_ _
~ 11. All sums of money securtd hereby shall be pa}able without any relief whatev~r from any ~aluation or appraisement laws.
~ 12. If de(ault be made in pay-ment uf any instalment of principai o~ inter~st of said note or any part thereo( whrn dce, or
~ in pay-ment, when due of any other sum secured hereby, or in performancr of any oE ~iortgagor's obliqltions, co~•enants or
~ a¢recments hercunder, all of the indebtedness secured hereby s!:all become and be immediately due and payable at the option of
~iortgagee. ~+ithout notice or demand which are h~reby expressly waiced, in which e~•ent !ltort,qagee may a~•ail itsrlf of all riqhts `
:.nd remedics, at law or in equity, and this mortgage may be fo:eclosed ~cith atl riShts and remedies aflorded by the laws o~
Florida and '.1lortgagor shall pay all costs. charges and expenses thereof, including a reasonable attorn~y's fce-_ _
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B~OK~~~ PACE~4O8
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