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TOGETIiER WITH atl and sinaular the tmemtats, hereditunents and appurtenanca thereunto bebngi~g or in anyrcise
thereunto appertainina and the cents, issua and pto(it~ tl~eteo(. and alw aU the estate, ~ight. titk, interdt and aU claim and
demand whatsoever, as weA in law as i~ equitr, of the taid Iilo~taagor in and to the same. including but not limited to:
(a) AQ rents. pmfitt~ revenua~ rojraltia, rights and bea~u derived trom (1) crops srown on said security and produce
of the ~oil otAerwise (2) oil. gas or miaeral leaxi oI the premisea or any part t6e~co(, now exis~in; or hereinaft~~ made, and
(3) all other rents, iuua and 'pcoGb of the p~rmises from time to time accsuing, whether under leaxs or tenancies now existing
or hereafter cre~ted; in cach :uch case with the riaht in the Mo~lgagee, but only at ib option, to receive and reteipt the~etor
and to apply the same as it may elect to anr indebtedneas secured herebr. and the Mortgagee, at its option, may demand, sue (or
and recove~ any such paymenb, rcserving to the Mortgagor, howeve~, w b~g as said Mortgaqor is ~ot in default hereunder, the
right to recei~•e and retain such renu~ issues and pwfits.
(b) All judgments, awards of damaga a~d xttlemenq hereafte~ made as a result ot or in lieu o! any taking of the
premises or any part thereoi under the powe~ of eminent domain, or for any damsge (whether cauxd by such taking o~ otherwiu)
to the premises or the improvemenb thereon o~ any part thenw(; such part o( any such judgment, award or settlement, as the
111ortgagee may elect to be applied to the indebtedness hereby secured and the balance the~eof, i( any, to be reserved to the
party or parties otherwise entitlcd thereto.
TO HAVE AND TO HOI.D the above granted and dtscrilxd premisa to the said I~tortgagee, its successon and assiQns,
fore~•er, and the said Mortgagor does hereby (ully warrant thc title to said land, and will defend the same against the lawful
claims of ap penons whomsoeve~; pro~•ided always that i[ Mortgagor shall pay to Mo~tgagee that certain promissory note abm•e
dexribed and sha11 perform all other covenants and conditior?s o( said promissory note, and of any rcnewal, extensan or modi-
(ication thereof, a~d o[ this mortgage, then this mortgage and the estate hereby created shall cease and be null and ~-oid_
Mortgagor further covenants and aqrces with ~~ortgagee as foUows:
1. To pay all sumt including interest securcd hereby when due, as providcd tor in said promissory note and any renewai,
~xtension or modification thereof and in this mortgage, a11 such sums to be payable in lawful money of the L'nited States of
America at 111ortgagee's aforesaid principa) o(Gce, o~ at :uch other place as 11~ortgagee may designate in writiog.
2. To pay when due, and +aithout requiring a~y notice trom ~iortgagee, all taxes, assessmcnu of any type or naturc
and other charg~s le~•icd or auessed against the premises hereby encumbered or any interest o( ~iortgage th~rein. To immrdiat~ly
pay and discharge any claim, lien or encumbrance against such premises which may be or become superior to this mortgage and
to permit no default or dclinquency on a~y oth~r lien, rncumbrance or charge against such prcmises_
3. if required by liortqagee, to also make monthly deposits with Mortgagee, in a non-int~rest bearing account, together
with and in addition to interest and principal, of a sum equal to one-tweltth of the yearly taxes and asxssments which may be
le~ied against the premisrs, and ( i[ so requirrd ) on~-twel(th of the yearly pr~miums for insurance th~reon_ The a:nount of such
tax~s, assessments and premiums, when untnown, shall be ~stimatnl by Afortgagce. Such deposits shall be used by Mottgagee
~ to pay such taxes, assessmrnts and premiums wh~n due. An} insuffi~irncy of such account to pay such charges wh~n due shall
be paid by 1liortgagor to Aiortgagcr on demand. If, by r~ason of any delault by ~fortgaRor under any pro~•ision of this mort-
gage, 1lionga~ee d~clares all sums secured hereby to be due and payabl~, 1liortqagee may then apply any (unds in said account
against the entire indebtedneu stcured hereby. The ~nforceability of the co~•enants rclating to taxes, assessmenu and insuranc~
prcmiums herein oth~rwise pro~•ided shall not be a(f~cted ex~rpt in so far as those obli.qations ha~•e b~en met by ~ompliance vrith
this paraqraph. 1lfort¢agee may [rom time to time at its option wai~•e. and aft~r any such Mai~-er r~instate, any or all pro~•isions
y hereof re~quiring such deposits, by notice to Mortgaqor in writin¢. \~'hile any such waia•er is in effect ~iortgagor shall pa~ taces.
assrstments and insurance premiums as herein elsewhere provided.
4_ To pay all taxes, stamp tau or other charge which may be auessed upon this ~nortgage, or said note, or indebte~clness
sccured hcreby, without reeard to any law, Federal or Stat~, heretoforc or hereafter ~nactcd, imposinq pay~ment of all or any
part thereof upon :lfort¢agee. In event of enactment of any law impcuing payment of all or any portion of an~ such taxa upon
Mortgagec, or the rendering by any court of last resort of a decision that the undertating by Mortgagor, as herein pro~ided, to
pay such tax or taxes u le,qally inoperati~•e, then, unless biortgagor nevenheless pays such taxes, all sums hercby srcured, without
a~y deduction, shall at the option of Mortgagee become immediately due and payable, notwithsundin,q anything contained herein
~ or any law hereto(ore or her~a(ter rnacted.
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5. To teep th~ prrmises insured against lou or damage by fire, windstorm or extendcd crnerage and such other hazards as
may b~ required by '.liortqagee, in form and amounts satisfactory to, and in in~urance companies appro~ed by 1lfortgagee, and with
acc~ptable mortqaqee lou payable clauus attached. Such policies, together with such abatracts and other tide e+•idence as may
be requircci by Ilfortgagee, shall be deli~•ered to and held by Mortgagee without liability. Upon foreclosure of this mortgage or
other acquisition of th~ premises or any part thereof by Mortgagee, said poGcies, abstracts and tide evidrnce shall berome the
absolute property of 1liortqagee.
6. To first obtain the written consent o( Monqagee, such consent to be ganted or withheld at the sole discretion oE wch
Aiortgaecc, bctore (a) removing or demolishing any building now or hereafter erected on the premises, (b) altering the arrange-
ment, desiqn or structural character thercof, (c) making any repair's which invohe the remo~•al o( structural parts or the
exposur~ of the interior o( sueh building to the elements, or (d) except tor domestic purpoaes, eutting~or removing or permittinc
the cutting and remo~•al ot any trces or timber on the pnmises.
7_ To maintain premisa in good condition and repair, induding but not limited to the making of such repairs as Mortgagee
may from time to time determine to be necessary for the preservation of the premises and to not commit nor permit any ~vaste thereof.
8. To comply with all laws, ordinanc~s, regulations, covenants, conditions and restrictions a[fecting the premises, and not
to suf(er or p~rmit any violation thereoL
9. If Mortgagor fails to pay any claim, lien or encumbrance which is superior to this mortgage, or, when due, any tax or _
assessmrnt or insurance premium, or to keep the premises in repair, or shall commit or permit waste, or i[ therc be commrnced
any action or proceeding affecting the premises or the tide thereto, then ~iortgagee, at its opdon, may pay said daim, lien,. encum- '
brance, tax, uscssment or pr~mium, with right of subrogation thereunder, may mate such repain and take such steps as it derms
ad~•isable. to prevent or cure such waste, and may appear in any such action or proceeding and retain counsel ther~in, and tak~
such action therein as I?iortgagee deems advisable, and for any of said purposes Mortgagee may ad~•ance such surru of money,
inclading all costs, (ees and other items of eupenx as it deems necessary. Mortgagee shall be the sole judge of the lcgality,
~~alidity and priority of any such claim, lien, mcumbrancq tax, assessment and premium, and of the amount neccssary to be paid
~ in satisfaction thereo(. Mortgag~e shall not be held accountable for any dday in making any such pa~Tn~nt, which delay may
result in any additional interest, cost, charga or expense otherwise.
~ 10. Mortgagor will pay tu !~fortgag~e, immediatdy and without demand, all sums of money ad~•anced by ~fort¢accY pursu-
ant to this mortgas~e, toqether with interest on each such advancement at the rate of ten per cent_ ( I Or'c ) per annum, and all
such sums and intercst thereon shal! be secured hereby.
11. All sums o( money secured hereby shall be payable without any relief whatecer Irom any valuation or appraisement laws.
~ 12. If d~fault be made in payment o[ anr instalment of principal or interest of ~aid note or any pan thereof when due, or
in payment, when due ot any other sum secured henby, or in perfori~:.+nce o[ any o( Mortgagor s obligations, co~~enants or
agreements hereunder, aU of the indebtedness xcured hereby shaU become and be immediat~ly due and payabk at the option of
; Mortgage~, without notice or d~mand whech are hereby expreuly wai~ed, in which e~•ent 1ltongagee may aa•ail itxlf of all rights
and r~medies, at 1aw or in equity, and this mortgage may be foredoxd with all rights and rrmedies afforded by the laws of
Florida and Mortgagor shall pay all costs, charges and expenses thereof, including a reasonable attorney's tee.
~ sDOKl...17 PACf
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