HomeMy WebLinkAbout0693 TOCSTHER WITH all aod sinaular the tenemenp, herediuraenu and appurtenanca the~cuoto bebnains or i~ aoywise
thereunto appe~tainins and the renu, is~ua and protita thereot. aad al~o all the atate, right~ title, iotuat and aU claim and
demand w6atwever. as weU in law at in equitp, ot the said Mortsagot in and to the tame, indudins but not limited to:
(a) AU rena, p~ts~ revenua, royaltia. righu and ben~ts derived (rom (1) crop~ srown on ~aid security and produce
ot the soil otherwi~ (2) oil, gas or mineral lea~a ot the premisa o- aay part thereo[, now exii~ina or hereinatter made, and
(3) aU other reat~, issua and 'protits ot the premises irom time to time accnung, whether under leases or teaancia now exi~tins
o~ hereafter created;, in euh tuch case with the right in the Mortgagee. but onty at its option, to receive and receipt therefo~
and to apply the wme a~ it may elect to anr i~debtedaas secured hereby, and the Mortgagee. at its option, may demand, iue [or
and recover any such payments. ~esenrins to the Mortgagor~ however, w bng u iaid Mortgagor is not in default henunder~ the
right to receive and retain such rents, issua and pwfits.
(b) AU judgments, awards of damaaa and xttlemenb hereatter made as a result o( or in lieu ot any taking oi the
premisa or any part thereof under the power ot eminent domain, or (o~ any damage (whether caused by such taking o~ otherwise)
to the pnmises or the improvements thereon or any part thereot; such part o[ any such judgment, award or setdement. u the
Mortgagee may elect to be applied to the indebtedne~s hereby secured and the balance thereof, if any, to be reserved to the
party or partia otherwise entitled thereto.
TO HAVB AND TO HOLD the above granted and described prcmises to the said Mortgagee, iu succeuon and assigro.
torever, and the saed Mortgagor does hereby fully warrant the title to said land, and wiU de(end the same against the law(ul
claims o( aU persons whomtoever; provided always that if Mortgagor shall pay to Morigagee that certain promissory note above
dacribed and shap ~pertorm all other covenanu and conditions of said promissory note, and of any renewal, extension or modi-
Gcatio~ thereof, and ot this mortgage, then this mortgage and the estate hereby created s!?all cease and be nup and void. ~
• . Mortgagor further covenants and agrees with Iliortgagee as follo~n:
1. To pay all sums including interat secured henby whcn due, as provided (or in said promissory note and any renewal,
/ extensian or modification thereof and in this mortgage, aU such sums to be payable in law(ut money o( the United Stata of
` Ame~ica at Mortgagee's aforesaid principal ofrce, or at auch other place as Mortgagee may dsignate in writing.
2. To pay when due, ar~d without requiring any notice from Mortgagee, all taxa, aueuments o( any type or nature ~
a~d other charges levied or assessed against the premises hereby encumbered or any interest oi Mortgage therein. To immediately
pay and dischatge any.claim, lien or encumbrance against such prcmises which may be or become superior to this mongage and
to permit no detault ot delinquency on any other lie~, encumbrance or charge against such prcmises.
3. If nquircd by I?fortgagee, to also make monthly deposits with Mortgagee. in a non-interat bearing account, together
with and in addition to interest and principal, of a sum equal to onc-twelfth o( the yearly taues and assessments which may be ~
le~~ed against the premises, and (i[ so required) one•twelfth o[ the yearly premiums for insurance thereon. T6e amount of such ~
taxes assessments and j
, prcmiums, when unknown, shall be estimatnf by I?tongagea Such deposib shall be used by Mongagee
to pay such ta~es, assessments and prcmiums when due. Any insu(ficiency of :uch account to pay such charga when due thal)
be paid by Mortgagor to. I?~ortgagee on demand. If, by reason o( any de(ault by Mortgagor under any provision of thu mort-
gage, I?iortgagee declares all sums secured hereby to be due and payable, Mortqagee may then apply any tunds in said aecount -
against the entire indebtedness secured hereby_ The enforceability o( the coaenants relating to taxa, asteummts and insurance
premiums herein otherwise pro~•ided shall not be affect~d except in so far as those obligations have been met by compliance with
this paragraph_ 1liortgagee may from time to time at its option waive, and after any such waiver reinstate, any or all provisions
hereot requiring such deposits, by notice to Mortgagor in writing. While any such waiver is in effect Mortgagor shall pay taices,
assessmrnts and insurance premiums as herein elsewhere provided. ~
4. To pay all taxes, stamp ta~c or other charge which may be assessed upon this mortgage, or said note, or indebtednas ;
secured hereby, without rcgard to any law, Federal or State, heretofore or he~ea(ter enacted, imposing payment ot al) or any
part thereof upon :~tortgagee_ In event ot e~actment of any law imposing payment of all or any portion of any such ta~ca upon
Mortgagee, or the rendering by any court of last resort of a iecision that the undertaking by Mortgagor, as hercin provided, to
pay such tax or taxes is legally inoperative, then, unless Mortgagor nevenheless pays such tanes, all sums hercby securcd, without
j any deduction, shall at the option of Mortgagee become immediately due and payaWe, notwithstanding anything contained herein
E or any law heretotore or hereafter enacted. ?
~ 5. . To kerp the premises insurcd against loss or damage by firt, windstorm or eztended coverage and such other hazards as `
~ may be required by biortgagee, in form and amounts satisfactory to, and in insurance companies approaed by Mortgagee, and with ~
~ acceptable mortqagee loss payable clausu attached. Such policies, together with such abstracb and other title evidrnce as tnay ~
be required by Mortgagee, shall be deli~ered to and held by Mongagee without liability. Upon forcclos~re of this mortgage or
other acquisition of the premises or any part thercof by Mortgagee, said policia, abstracts and title evidrnce shall become the
absolute property of 1liortgagee.
6. To Cnt obtain the written consent of Mortgagee, such consent to be granted or withheld at the soly discretion o[ :uch
~ 1liortgaQee, before (a) removing or demolishidg any buiWing now or hercafter erected on the premises, (b) altering the arrange-
ment, desiqn or structural character thereof, (e) malcing any npain which involve the remova) o( structural parts or the
! exposure of the interior ot such building to the elements, or (d) rxcept for domatic purposes, cutting or removing or permittinq
the cutting and remo~~al ot any trces or timber on th~ premisa.
7. To maintain premises in good condition and repair, including bnt not limited to the maiung of such repain as Mortgagee
may [rom time to time determine to be necasary for the prnervation of the premius and to not commit nor permit anr waste thereof.
8. To comply with all laws, ordinanca, regulations, covrnants, conditions and ratrictions af(ecting the premisu, and not
to su(fer or permit any vio)ation thereof.
9. Ii 1lfongagor fails to pay any claim, lien or rncumbrance whic6 is :uperior to this mortgage, or, whrn due, any tax or
assessment or insurance prrmium, or to keep the premises in repa'u, or shall commit or permit waste, or if there be commenced
any action or proceeding affecting the premixs or the tide theceto, then Mortgagee, at ib option, may pay said claim, lim, encum-
brance, tax, asseument or premium, with rig6t o[ subrogation therrunder, mar make such repain and take such steps at it deems
advisable to prevent or cure such waste, and may appear in anr suc6 ution or proceoding and retain counstl therein, and tate
such action therein as Mortgagee deems advisable, and for any of wid purposes Mortgagte may advance such sums o( tnonty,
"i including all costs, fees and other items of acpenx as it deem~ necessary. Mortgagee shall be the sole judge of the legality,
~•alidity and priority ot any such claim, lien, rncwnbrance, tau, assasmrnt and prcmium, and of the amount necessary to be paid
in satisfaction thereo(. Mortgagee shall not be held accountable tor any delay in making any such paymrnt, which delay may
result in any additional interest, cost, charga or expense cthenvise.
10. Mortgagor will pay to I?~artgagee, immediatelr and without dcmand, all suttu of money advanced by ~~ortgagee pu::u-
ant to this mortgage, tegether with iaterat on each such advancement at the nte of ten per cent. ( l0~/e ) per annum, and aU ;
such sums and interest thereon shall be secured hercby. ~
t
1 I. All sums of money secured horeby shall be payable without any relief whatever from anr valuation or appraisernent laws. ~
12. I( default be made in payment of any instalmrnt s?f principal or interat of said note or anr put thereo( whrn due, or
in payment, whrn due of any other sum secured 6ereby, or in pedormance ot anr o( Llortgagor's oblig~tions, covenants or
agreementt hereunder, all of the indebtednas tecuted herebr shall become and be immediately due and payabk at the option of
Mortgagee, without notice or demand which are he.-ebp tupressly Mraived, in which evrnt Mortga~ee mar avai) itself of all righu
and remedia, at law or in equity, and t6is mortgage mar be (oralosed with all rigbb and runedia a(forded br ~he lawn of
Florida and Mortgagor ~aU pay all cosu, chargea and expenses thereof, including a reasonabk attorne~s fee.
600~214 69~
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