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HomeMy WebLinkAbout0211 TUGB1`HB~ NIT11 e?!1 snd rinKular the tui~en?entr, hercxlits~uentx aud sPpurtenanccri lhereuntu lx+lunging ur in au~- wise tL~•n~uulo spperisit?iug and 11?t~ n~nl+, issu~ aud pn~6tx thenwt, tu?d al~u all ihe «,tate, ri~hl, tiUe, interudt ut?d tJl olaitu and Jemand wl~ata.?ever, us v?r11 i~~ lsw ax in eyuity, uf rlort~,~aQor in and tu 1he sa~ne, inetud~ug hut not limitc~ci tu: (s) Ali rents, profits, revenu.w, n~~•alticvi, riXht~ snd brneRtx ~luri~•c~l [~wn (11 on?pa gn~w~n un ~?id ,ecurity snd produce of the ~:ui! otherw•i~+ ('l) uil, ~ ur minersl tuae~u; ut ihe pre?uisc+s ur t?n~ pstt thercti,t. noe~ exirlmg ur iirnditor mu~le, with the rec riKht to reoejve e~d recNipt tnureto~ aad app v the se?rt~e ta the indebtedncvn seounvi hrreby either be[ure or attur any defe?ul~ I~ereillf~tor, wd ~iortqagc~~ me~v dd~u~nd, rue ot and reeuver u~y sueh pay~nentx but shall not t?e ~~uircrt xo to du. ~nd (3) sll other rc+nla, iawc+x snd pruRtx ot the pre~ui~ tn,n~ lia?e to time ace~uu?g, whether undc+~ lea~ ur tensncies nuw exi~ting or hert~tter cro~le~l, rc~ervin~ to ;~furtgs~ur, huweve~, su lung aa 1liurtgag~r is not in detault he~euader, tho right to rnceive snd retsin the reats, issuex snd pru8te in ols~u~eu (1) sud (3) herein. (b} ~111 jud~nentg, swanls cit <ta~~agee ued seuleairats heresfter mscie ra.ulting trom oondemn~tioa procoedirtgs or the taking o[ the premiaee~ or any psrt t6en~t under the povver ot en?inen~ dutnuin, or fo~ sny dan~ege (wlielhet oaueed by suoh . taking or otherwise) to the prew~ses or the i?npruvementa thercon or any part therrot, ur tu aoy ri~hta ~ppurtenant thereto. including sny swurl [or change ot ~ie ot streets. :lturtgagee is hewby suthonsed, on behalt ~nd in the name of 111ortgagor. tu exeoule ~nd deGver vslid acquittances tor, and to appesl frun~, t?ny sueh judgn?ents or av?atds. Mortgagee msy apply all ~ suoh sums or any put thercwt so tereived, after ihe pa~•ment ot sll of itx ex nsea, including ou~ts and ~ttorneys' fcag. oa the p~ e in~iebtaina~ secured heceby in such meu?aer a?s it eleots. or, at its optiun, the eatire smuunL or aay pu6 thereof so received IAO~I ~ 1'6~E~SQ(~. TO HAYS AND TO HOLD ihe above granled and described premines to Mortgagee, ita suooes~rora sud essigns, torever. ; a ~ and \tortga~?r daea hereby full aanat~t the title to said land. and vrill detend the saine a~sinst the lswtul claims ot sll perxoas • w hoa~aoc+~ e~; provided slways t at it l~iortgagor shaU psy to l~fortgagee that cerlain promuxory note above des-cribed and sAsll ~ perturm ~?!1 other eovenants and cvnditiuas of ssid pcomissory note. snd u[ sny renew•al, eatensiun ur mocii6cstioa 16ereot, eu~d ot this mort~age, then this murtgage and the estate hereby vreatect ahall oease and be nuU auid void. • Mortgngorturthe< <aoveuants and agrees Kith hiortgagee ae follows: ; 1. To p~v ail aums includin~ interc+~t sc+oured hereby w•hen due, a~ pruvided tor in raid. promistory n~te and an~r renewal. ~ oxtensiun or mudilication then~f and in this mortgage, all such sums tu be paysble in iawtul money ot the United,S4tes of America at Murt~s~e's atoeesaid principal office, or at such other plaoe as \iortgagee msy desiguste ~n writing. 2. To pa~ whrn dur. and w•itLuut re. Luirinq ath notice front ~iort~,,agee~ all ts?xes, a.~tiessmenta of anY t~ pe or nsture snd ~ otl?er char~n ~s le~~rvd ur a~..~~util aKain.t tbe pre~ua;c~. hen•by encumbered and produce receipts tAeretor upon demand. To - immecliatel}• par and di.irl~ar~m anti- clai?n, !i<:n or rncun?bmnce sgainst ~uch premi~~ w•Lioh msy be or becume superiur to tl~is murtRago and to pern~it uo default o~ delinqueno~• on any other lien, encu~ubrapce or ot~artt~+ against such premi~. 3. If required by 1liortga~,ee, to a~s~ make monihly deposits with IM~ortgagee. ia s non-iaterest bearing ~unt, together w ith and in addition to interest and~principal, o[ a sum equal to one-tweltib of the yesrly tases and a.4sessmenta whiob msy be levied againat the premi~ee. and (it so required) on~LweUth of the yesrly premiums for iasutsnce thereon. The amount o[ suvh tauee, assesaments aad premiums, when unkno~rn, shalt be estimated b l~iortga~ee. Snah deposits shall be used by Mort- ' gsgee to pay such taues. ass~smenis and premiums when due. Aqy iasu~aienov o[ such AocounL to psy suah ohe~rges ~vhen due shsil be paid by Mort~agor to 4iottgagee on demsnd. lf, by reason ot sny detault by Mottgagor under any pronsion ot this mortgsge, hiortgagee declarea all sums seour+ed hereby to be due uAdpa yable, hlortgagee msy then sppiy eny fuqds in said acc~unL aga~nst the entire indebtecinesv seoured hereby. The enforaesbiGty ot the oovenaats relatinq to tsxss, a~sm~r?te and insuranoe pre~uiums herein ot6erwise provided shsil not be aHected eaeept in so fsr as those obliga?iions hAVe heen n~ef bs c~omplianoa with this paragrsph. Mortgagee may froro time to time at its optioa waive, and atter sny such waiver rrinstate. sny or t?1! pn~viFioas hereof requiring such deposits, by aotio~ to Mortgagor in writin6. While ~?ay suoh vraiver is ir~ effect Mortgagor shall pay taaes. a.s~essments aad insuranoe premiums as herein etsewhere provided. 9. To pmmptl~~ pa~ a!I taxe~ and ussc~sments a~sc~c,eel ur levied under snd by ~~irtue of any state, fecleral, or munieipal la~ or tegulation herestter pa.cud, against :liortgagee upon this mortga~e or the debt hereby secured, or upoo its intore~t under thc. mort~e, ptovide~i how-evcr, tLat t6e totat an?uunt so paid for an~ such tar~ punuairt to this pataqraph together w-ith t6e interc.t pa~•Able on sxid indebte+ln~:~v shall not exceed the higlu~t lawiul rate of intermt in Fionde anci F~rov~dni further that in the c~~•ent ut tt?e pas.:a~e of any such Iaw ur nY;ulation, the entire indebtedr?cs+ scr.urcrl b~ tt~is mort~e Fhall it~ereupou tx~?n~e inunwliat~~l~• due and pa}•able at the option vf iiort~s~,n.~e. ' 5. To kmp the premi,~c insurecl agair?_•t lo;s ur damage Uv flre. the perils against v? hich insurance is atCorded by the E:tendecl Co~-cra~e Endocsement, a~id such other risks and Ferils as :ltortgagee ~n it~+ disc~etion uiavreq uire. The policy or policies ot such insura«ve ahall bc+ in the forrn in general use from time to time in the locality in w•hich the premi~ sre situated, shsll t?e in such an?uunt as \iortgag~~ may reasonabh require, shall btj issued by s compsny or companies approved b~ ~11ort- k?agec~, and sfialt c~ntain the Stancianl \tort~?ee Clausr ~cith la:s payable to 141ortgagee. R'henever reyuired by i~iortgat;ee, such policiPx, and abstrnc~, and other title evidence, shaU be delivered immeciiatelt to and held by Mortga~;ee. Any and all amounts rrceivc~l bt ~Iort~cr under an~ of such polici~ ~nay hr applied b~ l~iortgsge{+ on the indebteclness securec! herebv in ,iu•h n?sr~r?er as ?1fu~t~agEr uaay, in its sole discret~un, elect or, at the opUon ot Aiortgagee, the entire amuuat so received or an~• parL thereof maa tx> retc~sed. \either th~ applicafion nor the releatie of any such'amoun4s shall cnre or Maive sny defau~t. Upun exerei~e ui the poK~er ot sate gi~~cn in thi~ mortgage or other acquisition ot the pretnises or an~• part thernof b~ ~turtgagt~, such' pcdicies, abstracf~~ snd title evidence shall become the a~lute property ot biortgagc,~e. 6. To flrst obtain the vrritten conse~t of Aiortgagee, such consent to be granted or vvithhetd at the sole discstetiun ot such ~tortgaq;ee, before (s) remuving or demolishiug any buitding now or herea[ter erected on the premisex, (b) altering the arrangtr- ment, design vr structaral eban?cter thereof, (o) making any repairs w hich involve the removal ot struetural psrtx or the ezposure of the intenor ot such building to the elements, or (d) e:cept for domest~o purposes, cutting or removing or permitting the cuit~ng aad removal ot any trees or tirnber on the premises. . To maintain ptemises in good oondition and repair, including 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 no! oommit nor permit any wsste thereo[. • 8. To comply tirith all Ia~rs. ordinances, regulntions, oovenaats, oonditions snd restrictioas agecting the ptemises, and not • to suger or perm~t any vioiation thet~eot. • 9. It ~iortgagor faila to ~s3 sny claim, lien or enenmbrance w•hich is superi~?r to this mortgage. or, when due, any tax or assc~sment or insurance premtum, or to keep the pren~i,eg in repair, or shall ewnmit ur pennit waste, or if theres be eommenceai i ant aetiun or procc~ling atLecting thcr preroi~ or the title thereto, or the interest of ~iortgagee therein, including, but not ~ ; IimitcYl to, enunent domain and bankruptcy or reorganization pruceeciings, then ~1lortgaRee, at its option, may paF said ~ ~ elaim, lien, ene~nnbrsneca, taa, s,ssessment or premium. Nith right of subrc~ation thereunder, mav make sueh repairs and i take such steps a~ it deems advisable to prevent or cure sueh w•aste, and msy appear in sn~~ such~action or proceExl~n~ and ! retain ~•uun:sel therein, and take such actiun therein ss liortgagee deems adviasble, and for any oE suid purposes :liortgagec € mav acl~•ancc+ such s~ims of m~~ne~, including aU ca,ts, rea~nablo attorney's fee~ and other items of expense as it deems neces- sar~~. ~turtgagec~ aha!! be the sole judge of the legality, validitt• and priority of at?y suc6 claim, lien, encumbrsnce, tau, asse~s- m~~nt and premium, and ot the amount necc~~ar~ to F?e paic~ in sat?sfaut~on thereof, i~iort~ shall not he held am.count- able for sny delay in making anp such pa~ment, Nhich delay may reault in any aciditional internst, costs, chargc:~ or expense utherK ise. 10. ~iorigagor ~ill pay to Morlgagee, immecliately and without demand~ sll sums of money sdvanc~d by 1liortgagee pursuant to this mortgage~ ineluding all custa, reasunable sttorney's feea And other items ot e~pense, together w•ith interest on each sueh act~•ancement at the rate of ten per cent. (10 pet annum, ar~d all such sums and i~terest thereon shall be eecured hereby. ' 11. A11 sums ot moaey securerl heteby shail be payable withc;ut anp rnlief whstever tro~snp valuation or appraisement laws. s ~ 12. I[ defuult be made in payment of any installment o[ principal ~r interest of said note or anx part thereof wy~en due, or f in parment, w•hen due, of sny other sum secured hereby, or in performance of sny o( ,~fortqagor s obligatiuns. oovenants or agreements hereunder, all of the indebtedness secureci hereby shall become snd be ~mmediately due and payable at the option of ~iort~;ee, without notioe or demand wuich are hereby expre~sly vraived, in vrhich event :liortgagee msy avail itself ut sll rights and temedies, at law or in equity, and this morigaqe may be foreclased with al! righis and remedies s8orded by the lsws of Florida and lfortgagor shall pay all costa, charg~ and expenses thereof, including a reasonable attorney's fee. 13. It detault be made in psyment v~hen due, ot any indebtedness secured hereby. or in pertormance of say o[ biortgagor's _ obligations, covenants or agreements ~ereunder: (a) :~iortgagee is suthorized st any time, without notice~ in its sole discretion to enter npon and take pos.-~ession ot the premises or any part thereot, to pertocm t?nv sets Mortgsgee deems necc.~csary or pruper to con5erve the se~unty snd to coUect and receive atl rents, isxues and proSts tFieteof, includiry~ those paxt due s4 well as those aecraing therea[ter, and (b) Dtortgagee ahaU be entitted, as a mstter ot strict right and a ithout regard to the value or occupancy ot 16e securit y•. to ha~o a recei~er appuinted to enter upon swd take possession ot the premises, ootlect the t+ents and proSts therefrom and appl_s ~ the Gsme as the court may d'uect, such receiver to huve sll the righta and powers permitted under the lavrs of Florids. ~ In either such case biort~agee or the reoeiver msy also take poss~csion ot, and tor these purpases use. any snd all perxonal • property containerl in the premises and used by :liortgagor in the tenta) or le~ing thereof or sny part thereof. The eapense z (including receiver's tees, evunsel tees, cvsts and agenl's oompensation) incurred purauant to the powers herein conta~ined shall - be r,ecured hereby D1ortqs~ee shal! (after pa3 meat ot aU uosts snd eapenses ineurred) apply auch renis, issues and pro8ta _ reoeived by iL on t e indebtedness secured hereby ia such orcfer as ~iortgagee delermines. The nght to enter and take pos.session of said pmpertv, t•.~ manaqe snd operate the same, snd to oolfect the rents, issues and profita thereot, whethe~ by s receiver or otherwise, sha11 be cumulati~•e to anv oiher right or remedy hereunder or a~orded by law, and may be exercised concurrently therewith or independen~ly thereot. ~iortgagee shall be lisble to acoount only tor auch rents, issues and profits acstually reoeived £ by Mortgsgee. r ~ ~ , .T.r_ . _ - . . _ ' ~ 3~~°~ .