The URL can be used to link to this page

Home My WebLink About0334 ! f C • i - i _ j TOGETHER WITH al) and singular the tcnements, hereditaments and appurtenanca thercunto bebaging or in anywise thereunto appertai~ing and the ~enes, iuua and pro(iu thercof, and also all the atate, right, title, interat and all ctaim and de~nand whatsocve~~ as wcll io law as in equitr, o( the said I~iortgago~ in and to the suue, including but not limited to: (a) AU rc~ts, protits, reve~ua, wyalties, rights and benefits derived from (1) crops growa on ~id ucurity and produce of the soil otherwise (2j oii, sas o~ minentl leua of the premises or any part thereot, now existing or hereina[ter made, and (3) aU other nnts, iuua and profiu of the premises irom time to time accruing. whethe~ under leases or tenancies now exi:ting o~ he~eafte~ created; in each such case with the right in the 1liortsager, but only at its option, to receive and receipt theretor and to apply the same u it may elect to u?r indebtednest secured hereby, and the Mortgagee, at its option, may demand, sue for a~d recoee~ any such payments, ~aen•ing to the Mortgagor. however, so long as said Mortgagor is not in default hereunder~ the right to receiva and retai~ such rents, issua and protits. ~ (b) All judgments, awards of damaga and xttiements hereafte~ made as a rault o! or in lieu of any taking ot the prcmises or any part thereot under the power oi eminent domain, or (or any damage (whether caused by such taking or otherwiu) to the premises or the improvemenb thereon o~ any part thereof; such psrt of any such judgment, award or settlement, as the ~ Mortgagee may elect to be applied to the indebtedness hereby secured and the balance thereof, it any, to be reserved to the party or pvtia otherwise entitlcd thereta. • i TO HAVE AND TO HOLD the above granted and described premises to the said Mortgagee, its succtsson and auigns, fore~^er, and the said I?iortgagor does hereby fully warrant the titie to said land, and will defend the same aga~iut the lawful claims of all penons whomwe~~cr• provided always that if Mortgago~ shal) pay to Mottgagee that certain promissory note abm-e described and shall pedorm all other covenants and conditions ot said promiuory note, and o[ any nnewal, e:tension or modi- (ication thereof, and of this mortgage. then this mortgaqe and the estate hertby created shall cease and be null and void. Iliortgagor further covenanu and agrees with I?iortgagee as tollows: ~ 1. To pay all sums includi~g interat secured hereby when due, as provided [or in said prom~uory note and any renewal, 1 extension or inod~fication thereo[ and in this mortgage, all such sums to be payable i~ lawful money of the Unitcd Stata of ~ America at Mortgag~ds aforesaid principal of(ice, or at such other place as Mortgagee may designate in writing. ~ 2. To pay when due, and without requiring a~y notice trom Mortgagee, al) taxes, assessments of any type or nature and other charges levied or assessed against the premises hereby encumbered or any interest o[ Mortgage therci~. To immrdiately r pay and discharge any claim, lien or encumbrance against such premises which may be or become suptrior to this mortgage and to permit no detault or delinquency on any other li~n, encumbranco or charge agaittst such prcmises. . 3, II required by Mortgagee, to also mate monthly deposits with Mortgagee, in a non-interest bearing account, together with and in addition to interest and principal, o( a sum equal to one-twelfth of the ycarly taxes and assessments which may be tevied against the prcmesa, and (if so required) one-twelfth o[ the yearly premiums for insurance thereon, The amount o[ such ta~ces, assessments and prcmiums, when unknown, shall be atimated by 111ortgagee. Such depositt shall be used by Mortgagee to pay such taxes, auessments and prcmiumt when due. Any insufficirncy of such account to pay such charges when due shall 6e paid by Mortgagor to Mortgagee on demand. If, by reaso~ ot any defauli by Mortgagor und~r any provuion of this mort- gagr, 1liortgagee declares aU sums secured hereby to be due and payable, Mortgagee may then apply any funds in said account against thr entire ind~btedness secured hereby. The enforceability of the cocenants rdating to taues, asussments and insurance premiums hetein otherwiu provided shall not be affected except in so far as thox obli~ations ha~•e been met by compliance with this paragraph. Mortgagee may from time to time at iu option waire, and after any such waiver reinstate, any or all provisions hereof requiring such drposits, by notice to Mortgagor in writing. ~Vhile any such waiver is in ef(ect Mortgagor shall pay taaes, ' assessments and insurance prc~miums as herein elsewhere pro~•ided. 4. To pay all taxes, stamp tau or other charge which may be assessed upon this murtgage, or said note, or indebtedness secured hereby, without regard to any law, Federal or State, heretofore or hereaftet enacted, imposing payTnent ot aU or any part thereof upon Mortgagee. In event of rnactmeat of any law imposing payment of all or any portion of any such taxes upon Mortgagee, or the nnd~ring by any coun o( last resort o[ a decuion that the undertakirtg by Mortgagor; as herein pro~hded, to pay such tax or ta~ces u legally inoperative, then, unless I?iortgagor nevertheless pays such taxes, all sums henby _secured, without any deduction, shall at the option of Mortgagee become immediately due and payabie, notwithstanding anything contained herein ~ or any law heretofore or hereafter enacted, r 5_ To Eeep the prrmises insured against loss or damage by Gre, windstorm or extended coverage and such other hazards as ~ may be required by 1lfongagce, in form and amounts satistactory to, and in insurance companies approved by I?iortgagee, and with acceptable mortgagee loas payable dauses attached. Such policia, together with such abstracts and other titie e~ndence as may ? be required by Mortgagee, shall be delivered to and held by Mortgagee without liability. Upon foretlosure of this mortgage or ' other acquisition of the premises or anq part thereof by Mortgagee, said policies, abstracb and title e~~idence shall become the absolute property of Aiortqagee. , ~ 6. To rrst obtain the written consent of Mortgagee, such consent to be granted or withhdd at the sole discrction oi such I?tortgaqee, betore (a) removing or dtmolishing any building now or hereafter erected on the premius, (b) altering the arrange- ment, desiQn or structural character thereof, (c) maiung any rcpain which involve the removal oE structura) parb or the , exposure oE the interior o! such building to the clementt, or (t~) except for domatic purposes, cutting or removing or permitting the cutting and nmoval of any trea or timber on the pnmixs. _ 7. To maintain premisa in good condition and repair, including but not Gmited to the making o[ such repairs as Mortgagee may from time to time determine to be necessary for the praervation of'the premises and to not cdmmit nor permit any waste theteof_ i 8_ To comply with all laws, ordinances, rcgulations, covenants, conditions and ratrictions affecting the premises, and not to su(fer or permit any veolation thereof. 9. I[ Mortgagor faib to pay any claim, lien or encumbrance which is superior to this mortgage, or, when due, any tax or asseument or insurance prcmium, or to keep the premises in npair, or shall eommit or permit waste, or if there be commenced any action or proceeding affecting the premises or the title thereto, then Mortgagee, at itt option, may pay said claim, lien, encum- brance, tau, assessment or premium, with right of subrogation thereu~der, may make such repain and take such steps as it deems advisable to prevent or cure stich waste, and may appear in any such action or proceeding and retain counsel therein, and take such action therein as. Mongagce dKms advisable, and for any of said purposa Mortgaget may advance such sums of money, includenq all costs, fees and other itrnu of expenK a~ it deems necessary. Mortgagee shall be the sole judge oi the legality, ~•alidity and priority o( any such -claim, lien, encumbrance, taz, assasment and prcmium, and of the amount necessary to be paid in satis(action thereof. Mortgagee shall not be held accountable for any delay in making any such payment, whieh delay may ~ result in any additionat interat, cost, charga or expense otherwise. 10. Mortgagor wili pay to Mortgagee, immediately and without demand, all sums of money advanced by Mortgagee pursu- M ant to this mortgage, together with interest on each such advancement at the rate of ten per cent. ( l Or/e ) per annum, and all ~ such sums and intcrest thercon shall be secured hereby. ' 11. All sums of money secured hereby shaU be payable without any relief whatever from any valuation or appraixment laws. ~ 12. I( de(ault Ix made in payment of any instalmrnt of principal or interest of said note or any part thereof when due, or ~ in payment, wh~n due of any other sum secured hereby, or in performance of any of Mortgagor's obligations, covenants or f•~ aqreemcnu hereunder, aIl ot the indebtedness secured hereby shail bccome and be immediately dut and payable at the option of ~ Mortgagee, without notice or demand which are hereby exprasly waived, in which event Mortgagee may avail' itself of all rights and remedia, at law or in equity, and this mortgage may be forecloud with all righu and nmedid af[orded by the laws of ' ~lorida and Mortgagor shall pay all costs, charga and expenies thereof, including a reasonable attorney's (ee. ~ ~ ~ ~ - ~ v ~ . , . ; - _ . ~ ~~.:.<<;:a.r a t:=~