HomeMy WebLinkAbout1778 TOCETNER \t'ITH al! artd singula~ eho tc~emrnu, hercYlitr~nents ~nd appurtrn~nces the~.•umo lxbnging u~ in anywis~
th~ceunto apprr~aininq and the rents, iuues and profiu the~eo(, and also all thc est.+t~ ~ight, t~tlr, intc~at and aU c?aim a~d
dt~~~; nd w~hacx,:-.zr, as wcll i~ law as in rquity, oi the s.~?id ~1o~tgagor in artd to thr same, induding but oot l:mitcd to:
(a) All renu, proties, ~e~•enues, rvyalties, riKhts and benefits d~riti•ect irom (1) crops srown on said serurity and p~oc{uce
ot the soi! otherwise (2) oil, gas o~ minc~al lrases of thc p~cmises or an~ part therco(, now rxistinq or hereinatter madt, and '
(3) aU othet rents, issues aRd protits of the preinises trom time to timr accruing, wAethe~ under kases or t.nsncies ~ow existin~
or hereafter c~eated; in each s?~ch cau with the ~ight in the \tortgagec, but only at its optiutt, to ~~rei~~e and rn-cipt therctor
and to apply the samc as it m1~ eleit to aoy ind~btnin~u secumd hr~eby, and th~ !1lortgagcc, at its optiun, may den~anci, sue for
~nd ~ecocrr any surh pnytnenu, res~n•ing to the \fortgagor, hoNC~•er, so long as sa;d \fortg:?gor is not in drf,iult h~rcunJer, the
ri~;ht to receire and retain such renu, iuurs antl pro(its.
(b) :\U jeilgm~nts, aw.~tds oI damaqrs and scttlrme?ris he~ea(ur made as a rrsult of or in li~u of any takinR af the
~ren~isa o~ any psrt thcreof under the power o( emincnt donn:?in, or for an~ ~amaqe Iwh~eh~r c~us:Yt by such L3~:lOe Of OII1CEN7SC1
to the prcmises or the impro~•emenu thereon or any patt th~revf; such plrt o( a~y such judgment, a~v~rd o~ setdern~nt, as thc
ttO~l~'.1gM rnay clcct to be applicd to the indebtcdness hereby s~curcd and the Wtznce th~reof, if any, !o b: r~scn•ccl to the
pa?ty or parties oth~~a•iu rutithYl thereto.
T~ }1:118 :1~D 'TO }IOI.D the at~o~•e granted and dcxribetil premises to thr said \t~:tGagcc, it~ successon and assicns.
fore~•er, and the said ;?~ort~:?gor dots hereby (ully watrant the title to said 1:?~d, anci ~cill detc~d thr s:~me :?Ga~ost the l.~w(ul
cllims o! all prrsons who~usoe~~rr, prrn-ideci always that i( !liortgago~ sh~ll pay to \LortRaqec that certain promissory note abo~•c
dcxritx~! ~nd shall pcrform aR other :o.•enants and conditio.;s o! s:~id proinissory not~. and ot any rencwal. ~xtension or mali-
fication thereof, anJ of this mortg~ge, thtn this tnortG.ice and the rstat~ h~reby crrau-c3 shall cease and be null and ~-oid. ~
ltortgagor furthrr ro~-rnznts and aqrers with ~tortQaq~e as IOIIONY: ~
1. To ~y a!! surns including intcrest securecl h~rcby ~.hen duc, as pro~•inrd for in said prumissory oote and~aey renewal. S
• rxtension o: mocli(ication thereof and in this ~nortg:?ge, all such sunu to be payabl~ in i.~~c(u) money of the L'nited Stat~s of
~ :\merica at \Sortgaqee's aforesaid principal otfic~, or at such other place as ~tortgacre m~y daignate in wnting.
2. To pay whcn due, and a•ithout requiri~g am• noticc (rom \fort¢a¢ee. al! taxes, auessmenu o( any type' or natur~
' and other cha~~a in-ie~i or assesse~cl ]g~IqS~ l}IC prcn~ises h~reby encurnbered or any intcreat of lfor~gage: thrmin. To' immcYiiat~l}
pay and diuh.~•4e any ~lairn, licn or ~n~umbraacr aeainst such prctnises which may be or become superior to this mortgage and
to pcrmit no dc(ault or dclinqucnry on any other licn, ~n~umbr:?n.c or charg~ aGainst such premises. ~
3. if requirnl by \tort¢ager, to alco mak~ monthly de~wsits with Atort~agK, in a non-interest bcaring ~cpuntt. tpreth~r
with and in addition to interest and prinripal, o[ a sum ~qu:?1 to on~-hr•~Ifth of the yf1fl~ tax~s and asstssments which may bc
k~ied ar.~inst thc p~cmius, and (if so requir~Yt) on~-twFlfth of the rcarl~~ pr~meurns for insuranre thereon. Th~ amoimt of such
taaes, assessm~nts ~nd premiums, Nhen unknown. shall fu i•stimat~Yi by \tortgaqct. Such de~osits shal! be usret by \tortgacce'
to pay such ta.rec_ ~ss~um~nts and premi~ams Nhen dua :~ny insu(ficirncy o[ such acco~mt to pay such charges wh~n due shall
F?e pa:d by ~tortea¢or to ~So:tRae~~ on d~mand. I!. b~ r~ason of any def:?ult by ,ifortga¢or unde~ any pro~•ision of this rnort-
c1Bp. ~tortSa°M• d~cl~res a1i sums securec! hcreby tu be due and p.i~able, ~fortgager ma} then apply any funds in said accou~t
agai~ut ~he entire inde6teclneu s~cural hereby. The ~nforcesbility of th~ co~•~nants r~latinc to tax~s, autssments and insurance
premii~ms hercin OI~I('fN:Sf pravid~d sh~ll not bc affrctcd cxccpt in so L~r as thosc obliGations ha~r bcen irnt by ~-omplianc~ with
this para¢raph. ~fortcae~~ may from tim~ to time at its option wai~•c, and aft~r any such ~nai~•cr rcinstate, any or all proa•isions
h~rcof rc~uiring such dcposits_ by rotic~ to Afortqacor in writine. 1Yhilc any siuh w~icer is in cfbrct ~tortgagor shaU pay ta~cs.
asseumrnts and insuranc~ preiniums :u herein elservhere procideci.
i. To µ~y all ta~es, stamp taa or other charge which may tx asuss-d upon this mortcag~, or s~id note, or indcbte*.lness
secured hercb~•, withovt re~ard to am ltw, Fed~ral or State, hentefore or hereafter enactrd, imposinq pi~mrnt oF all or any
p~~t th~reof upon ~inrteae~e. In e~-ent of e~actment oPany law imposing pa}-ment oi all or any portion of any such taces apon
~(ortS~¢~~, or thc renclerin~ by any court of last rrsort oF a dc~ision that the und~rtaking by ~tortqag~r, as h~rci~ pro~•idcd, to
pay such tax or taces is Ieealh inoper~ti~•~, then, unleu ~fo~tgaeor neh•~tthel~ss pays such taxa, all surt.s hereby ucured, without
anc de~ductioo, sh,ll at the option of ~lortgagee become immediately due and pa~~ablq notwithst:tndin~ anything tontained herein
or any law heretofore on c~rcaf.er ~nacted.
5. To krep the premis~s insured against [oss or damage by fire. windstorm or extended cut•eraqe and such other hazards as
rna~~ bc rrquired by ~fort~agee. in for:n and amuunts satislactory to, and in irsurance compani~s appro~•cd by 111ortgagcc, and with '
acceptaLlc mort~a¢re loss pa}able clauses attached. Such policia, together with such abst~acts and other title e~•idrnce as may ~
b~ reyi~i~~Y! Ly \tort~ag~~_ shall b~ delicered to and hdd by Mortgagee without liability_ LTpon (oreclosu:e of this mort~a¢~ or !
~ther acquisition ot the premius or any part th~reof by \fortgagee, said poiicies, abstracts and tide ca~idence shall b~come the ~
absolut~ proprrh• of ~tort¢i¢er,
fi. To first obtain the w~ritten cons~Rt of Afortgagre, such :onsent to be granted or withheld at the ~ok discretion o( such
\fortcaccc, txfore ,al remocing or demolishing any building now or her~after erectcd on the pnmises, (b) altering the arranR~-
n~ent, desi¢n or structur~l character thercof. (c) making any repain which imvlve thr r~mo~•al of structural parts or thc
exposure of thr inter;or of such building to th~ ~lements, or (d} except for domestic purposes. cutt~ng or remo~•ing ~r permittin¢
thc cuttine and t~mocal of any tre~s or timbrr on the premises.
7. T~ maintain premises in ¢ood condition and repair, inrluding but not limited to th~ making of such n-pai~s as \iortgagtY
m1y from time to tirnc det~rmine to bc neressary tor the prexer~•ation of the premises and to not commit nor prrmit any ~vaste thcrcof.
8. To comply with all laws. ordinantes, regulations, co~•enants, conditions and restrictions atfecting the premixs, and not
to suEfer or prrmit any ~•iol~tion th~r~of.
9. if \fortea¢or fails to pap any claim, lirn ot ~ncumbranc~ which is supcrior to this mortqagc. or, whrn due, any tax or
asscssment or insur:?nce prcmium, or to tcep the pr~mises in repair, or shall commit or permit waste, oz if !hr^c 3e commenced
.~ny action or pmc-ceclinq affectin¢ th~ premises or the tide thereto, thrn :lfongagee, at its option. ~nay pay said claim, licn, ~ncum-
brance. tas, assessment or premium. with right of subrogation th~rrundrr, mav make such repairs anJ take such steps u it deems
:+d~icaUle to pre~ent or cure such waste, and may appear in any such 2ction or proceeding and retain counsrl ther~in, and take
such ~~tion therein :u ~tort¢a~ec dcems ad~tisable~ and fur any of said purposes :tiorteagee may ad~•ancc such sunu o( monep,
in~ ludinq ail costs. fers and other items of expenx as it deems necessary-_ ~1~ortgaq~e shall be the sole judge of the legality.
~alidity and priority of any such claim. lien, encumbrance, ta~c, assessment aad premium, and of the amount necessary to be paid
in catisflction thereol. 11ort¢agee shall rat be held ateountable for any delay in mating any such paymrnt, which deiay may
result in any additionzl interrst_ cost, charges or expenu otherwise. -
l~l. ~tortca¢or will pay to ~fort¢agee, immediately and without d~mand, all sums of mon~y a~~~anced by \fortgae~r pursn-
:~nt to U~is n~ort¢a¢e_ ioeether with int~rrst on each such ada-ancrment at the rate of ten per cent. ( IOH~ ) per annum, and all
such suius and intcrest thercon sha11 be srcurcd 'nereb~.
11. :V! sums of moneg s~curr.! hereby shall b~ pa~able without any relief whate~•er from any ~aluation or appcaiument IaMY.
12. I( dcfa~lt bc maJc in paymcnt of any instalm~nt of principal or interrst of said rat~ or part thereof wh~n dur, or
in pay-ment. when due of any other sum xc•~red hereby, or in performance o( any o[ 1SortgaS;~r s obligations. cover.anu or
agrecments her~under, all of the indebtedness secured hereby shall become and be immcdiately due and payabie at the opiion of
t(ortgagte. without notic~ or demand whech are h~rrbr expressly wai~ed, in which event ,lortgagee may a~•ail itsrlf of all ri¢hts
and remcdics. at law or in rquity. and this rtwrtqage may be [orccloscd with all riqhts and nmedia afforded by thc la~rs ef
Florida and ~tortgagor s::all pay al{ costs, charges and expenus th~reof, in~ludine a rcasanable attornty's fee.
aoux2l~ PAi~ 1776 doQxz~~ ~sc~1645
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