HomeMy WebLinkAbout1647 ~ TOCETf[ER \~'1TN aii ae~d sirtgular tAc trnrmenu, Aemlitseurutf and appurlrn.~urn ~hrrrunto lxbngin~ ur in .u~yMisr
th~reunto apprrtaininq 3nd the rrnts, issues ~nd pro(iu thereol, and also all t~c esutt, right, ~itir, intrrat and ~li claim and
d~u?:r?d ~.hatsoc:Y r, as well in la~r as in eyuity, o[ the s.ii~ '.tortgatior in and to t!?e aame, inctuding but not limitcd to:
(a) ~U ~ents, profits, rc~•enues, ru~;~tties, righu and bencfits drri~~ed trom (1) rrops grow•~ on s~id srcurity and prcxluce
o( the soil othencise oil, gat or mineral leases o[ thc pn~uises o: ~ny p.ut therro(, now cxistinq on c~~ei~wfcc~ ~nad~, ii~d
aU othe~ rcnts, iuues ar?d ~uofits o( the prcmises (rum time to time ae~ruing, whether unde~ lrascs or tenrnci~s now existing
or herca(ter rreatcJ; in ra.h such casc with the ~ight in thc \lortcaqcr, but only at its option, to fh'fl\Y and rec~•ipt th~rrfor
and to appiy the sam~ a: it may elect to any indebt~-~incu secu~ni hr~eby, at~d the \tottgaqer, at its ~ption, ~nay ~cu~and, su~ for
and cecocrr any such payinents, resr~•ing to the ~fort¢agor, howrcer, so lung as said \tortgaqor is no? in ~lef.iult herr++nd~r, ih~•
rirht to r~ceie- and retain su:h r~nts, iss~~cs and pro(its.
(b) ~11 judgmrnts, :ca•arcls o( dnru.~ges :~ne! s~ttlcinrnts herraft~r m:ide as a rrsult oi or in lieu of ;~ny t:~linQ af th~
premiscs or any part thrrcof under the power of eadnent uomain, or for any dar.~~ge (wh~th~r r.?uscd by such takia~ or othcrwis~l
to the preniis~-s or thc impro~-ements thereor. o~ any part ?',rretif; such p~rt o( any such judg!rnnt, :i~vard or scttlcm~nt, :u thr
\tortgagce m:?y elect to be applird to the indcbtedness hereby secure~l and thr balance thc~eof, if aa>t to bt r~srn•n! to th~
party or parties otheta•ise eeztitlt~l therrto.
'f0 11.~VE :~\D TO linl.D ehe aGo~•e g~anted and drxribnl premises to th~ said \tortgager, its succeuors and assicns,
forceer, anc3 th~ said \torteagor dxs h:reby fully warrant the title tu said I:tnd, ar.d wiU dr(cncl thr s:smc :+c:cust thc 1.~~.•ful
claims of aU pr~sons ..-hon~soece~; pro~•id~cl alwa~Y th:u if \tortgaear shall p~y to ?1lortc1gre that certain promissory note aliore
dcscribe~ci and shall perform all other co~~~n;?nts a~~d cond:tioas of said promissory oot~, ~nd o( ~ny renew~l. extension or neocii-
(ication therc~of, an~l of this nt~rte:?gt, then this morte:?ee and thc estatc hcreby creat~cl shaU fC.lit and be null and ~ro~d. ~
~forigagor furth~r covenants anA acrees ~vith ~lortGigre as follows: ~
i. To ~r.v~• all surns induden¢ interest ~ccurnl hcr~by when duc, as pro~id~~l for in said prwnissory note and any rrncwal, °
~ extrnsiun or moci~fication thereot and in this mortg.?ge, all such sunu to br payable en la~clul nu~n~y o[ the l,Tnitcd Swtes of
~ Ameri:a at ~lortgacre's a(or~said principal o(Gc~, or at such oth~r pl:?ee as \fortgaqeti may designate in writing.
~ 2. To {xiy ~vhcn du~, and a~ithout rcquirinq anp noticc from \iortcaqee, aq tax~s, asseu~nenu of any type or nawrc
' :~nd o!her ~h~r~~s !eh•inl or asscsse~cl aG:?inst the premises hcrrbp ~ncutubernl o~ any intcrest of 11ortQaq- therein. To immrdi:?trly .
pap a:~d disch~re~ an~• r1:~itn. !irn or rneumbr.mcr aeainst such prcinises whech may be or brcome superior to this mortg~qe and
to p~nnit no dcfiult or dclinqucn~y on am• othcr lien, rnrumbrancc or chargc aqainst such premiscs.
3. If rev~uirrd by ~for~r1c~e, ee ~Iso ma.l•~ ~nonthly deposits with \[ortgaqer, in a non-intc~est bearing account, toGrth~r
~.•ith and in addition to interest and principaL of a s~i~n cqu:il to onc-t~rcl(th of the ycarly t~xrs and asussments which may be
I~cied aC:~inst the prem:ses, aiid (i[ so re~quirnit on~-tw~•Ifth of th~ yca~l~ Rrcmiums (or insur.~nce ~h~rcon. Th~ ~~r.ount of such
t:~xcs, auessinerets a~.# prcmiurru, ~vh~n unknaw•n. shall ~ rstimativl 6~; \[ortgaqce. Such deposits shall be used by \torteacee
to pay such tates, assrssm~nts and prcmiums Nhen due._ _1m insufficienc~ o( sueh arcount to pa~ such charqes wh~n due shall
be paid by \fortE;?¢or tu \ior~gaec~ on demand. If. by rc:?wn of anr default by bio-tga¢or under any pro~•ision of this mort-
cag~, ~iortqa~c~ dcc[ares a11 sums seYUrcd her~by to be duc and pa~able. ~[ortgager may then apply any funds in said account
aeainst the rntire indebtednres serurn! h~rrby_ The ~n(orcr~bilit~ of th~ co~•enants nlatinq to taxes, assessments and insurance ~
premiuins her~in oth~rwise providnl si?:?il not be a((ecteci eccept in se~ f:tr ac lhose obliQations ha~•e bcen met by ~ompliance with
this para¢raph. ~tort¢aeM may (rom time to time at its option rcai~~e. and aftcr any such wait•cr reinstate, any or all pro~•isions
h~rcof rcquiring such dcposits. by notic~ to ~tortcaeor in writin~. 1Yhilc an~• s~ech waivcr is in effect Vtortea¢or shail pay t,xcs.
~ssessmcnts and insuranc~ pr~miums as hetein else~here proeidcd_
4. To p~y all ta~es, stamp tax or oth~r rh~rqe which may br ass~cud upon this ~nurteaSe, or s~id not~, or ind~bteclness
secured her~b~, ~cithout reKard to am law, Fed~ral or State, herctofcre or her~after enacted, imposin~ pa~ment of aU or any
part therrof spon ~fortc~¢~e_ In ~~•ent of enactment of any law imposeng paqment of alt or a~y portion a! any such taxes apon
\forteaCe~, ar the rendering by :.uv court of lut resort of a dcrision that the urxleri~kinQ by ~fortgagor, as herein pro~•idecl, to
pay such taa or laxes is 1eG~Uy inoperatice, then, unless ~Sorteagor nr~•erth~less pays such taxes, all suau hereby secured, without
any deduction. sh~ll at the option of liortgagee become immediat~ly due ~nd payable, notwithstandinG anything contained herein
or anc law hcrctoforc or }xrcaltcr cnactcd.
S. To krcp th~ p~emiscs insurcd against l~xs or damage by Cre, windstorm or ~xtcndecl ~o~•enge and such other hazards as
rnn be rr,uired 6p ~fortca¢~r. in form and amounts satis!'actory to, and in insurance companies appro~•rd by :1lortgagee, and with t
ac~eptab)e morteae~e loss papable clauscs attached. Such policies, Eogether with cuch abstncts and othe~ title e~idenc~ u may
bc reyuired b} ~tort¢zqcr, shall bc dcliccred to and hdd by 1liortgagee without liability. Upon foreclcxure of this morig:?¢c or
other acquisition of the pr~misez or any part thercrof by Atortgage~, said polici~s, abstraus and titie e~-idence sha(1 becom~ thr ~
abwiute proprrt~ of ttort¢a¢ee.
6. To firse obt~in the written conunt of \tort¢a¢ee, such consertt to be granted or withhrld at the ~ole discretion oi wch
~to?t~~~ce. iH-fore (a) rcmocine or dcmolishing any building now on c~r~after ertcted o~ the premises, (b) altering the artanqe-
tnent, clesi¢n or stnutur:+l character thercwf, (e) making ar~y npain which imrolre the remo~•al of structural parts or ihe
etposure of the interior o( such buildinq to th~ elemcnts. or (d i except for domesrc purposes, cuttin~ or r~mo~•ing or permittinQ
th~ cuttinG and r~mo~•ai of any trres or timbcr on the premises.
7. To maintain premi.es in qood condition and r~pair, irtcludin¢ but not limile~d to the making oI such rcpairs as \lortgag~e
may from timc [O tl7llC (Ittcl7illllf [O ~ OMCS5.1R (or the prescrvation of the prcmises and to not commit nor prrmit any ~vast^ thercof.
8_ 'Fo comply with all la~vs, ordinances, re~ilations, co~-enants, conditions and restrictions af(ecting the premises, and not
to suffcr or pcrmit an< <•iolation therrof.
9. IE ~iortLacor fails to pay any claim, li~n or ~ncumbranc~ wfiich is supe~ior to this mort¢aqa er, when due, any tax or
ascessment or insurince prcmium, or to keep the pr~mises in repair, or shall commit or p~rmit wastc, or if there be rommrnced
.~n~ action or procecdinq affectinq the premises or the tide thereto, then ~fortqagte, at its option. may pay said claim, lien, ~ncum-
brance. t~x, assessrnent or ptemium. with right of subrogation thercunder, may make such r~pairs ar.d t~ke such steps as it deems
:+J~ icable t~i prr+•ent or cure su~ i waste, and may aapear in any such action or procceding and retain counsel therein, and tate
cu~ h action thcrein as ~fort¢a¢~c de.r:ns ad~-isable, and for any ot said purposes ~fortgage~ may ad~-arce such sunu of mon~y,
in~~(udinQ all costs. fccs and other items of ~xpense as it deems necessary. :1Lort,qagce shall be th~ solc judg~ ef tht leqality,
~alidity and priorit~ of any such cl~im. Gen, rncumbrance, tax, assessment and premium, and of th~ amount necessary to be paid
en satisfaction thrrcof. ~lort¢a~cc shall not br h~ld accountable for any d~lay in making any such paym~nt, which delay may
result in an~ addit~on~) intrrest, cast, charqcs or exp~nse otherwise.
1 fl \~orteaeor will pa,r• to :ton¢aSce. immediately an~: without demand, aIl sums of money ad~•anccd by ~fortgacM pursa-
aut to this morteae~, tocether with interest on each snrh ad~ancement at the rate of ten per crnt. {l07r) per annum, and all
s~r< h sums and interrct thrreon shal] be s~curecl hereby.
1 1_:\ll sams of mnncy securcd her~by shall be papable without anq relief whatee~r frem any valuation or appraisem~~t 1aws.
12 If cf~f~ult he made in n~ymrnt of any instalment of principal or interest of said rwte or anq part th~reof when due, or
in pa}-ment, when due rt any other sum secured hereby, or in per(ormance of any of Ilfortgagot s obii,qations, co~vnants or
.i¢rc^ments hcrcunder, all of the indtbttdncss stcured hereby shall bccome and be immcdiatdy due and payabie at the option of
~iortgaqe~, without notic~ or demand which are h~rrby eapressly wai~•ed, in which e~•ent ~fert,qa_qer ma~ ati•ail its~lf of all riYhts
and rFmedics, at la~r or in cquity, and this mo~tqage may be foreclosed with al) rights and rtmedies afforded by thc laws of
filorida and ~iortgagor shall pay aU cozts, charges and cxpenses therml, in~ludine a ~easonable attorney's fe~.
~o~ 211 ~645
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