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Home My WebLink About1390 wriae ihereuntu appa~laining ~nd the rents. 18tlUl~ ail/~ P ~i ~hBf0llf. ~nQ Aisu ~11 tur c~su1[e. rlgR~ ~n~v. w~or~a ~~w wu a:a~sus •nd demund vrhit+wever. aw well ~n law ~u Ul c~uity: ot T o~tgagc~~ ia and to the same, ineluding but not limited tu: All renw. pru8ts: reve~?uee, ro}•s1lic~s. nghts snd baneAtx darived (rom (1) crope grow•n un x~id st+ourity ~nd produce ot thc+ soil otherv?iie (2) o~l. eas or minenl leseeu ot the p~emi~ea or ~?ay p~rt thereof, nuw e~au~g oi l~~tte~ m e. wilh the tore Jte~ detault right to'eoeive ~nd ~~P~ ~e~or snd app~j, the usme to t6e indebtedneaa recuce+d herehy eiti ~be_ ~ hereunder, snd 111or~gagee tu+?y demaad, sue tor and reoove~ ~ny suoh payn?ents but ahull ~ut ~ reqwred so to do, d(3) ~ll other rente. issue~ ~ad proRis of the p~nisea frum time to tiiue ~?ooruing, ~rhether uader lea~en or Wnwoies ~ow enisting or he~a[ter orested~ ~+serving to Mor r. ho~reveq w lon~ as Mortgagor u~ not ia det~?ull hAreuader. t6e right 1o reoeive sud es cetain the renta. iseues and pr+oRta in o uaes (1) wd (3) herein. (b) Aq judgmeats. awarda ot demaBes +u?d aettlementa herestter mi?de cesuliing trom condemastioa prooeedings or Ihe taking d tbe Fremiees or any part thereot under the power ot em~nent domwia. or !or aay dam~ge (whether osuaed by suah talnng ur other~riae) to Ehe premises or lhe improvemeats thereoa or any Mrt Ihen~ot. or to aqy rights e?ppurteaaat thereto. iaoluding aqy awerd for oh~n~e ot grude ot atreets. Mortga~ee is 6ereby authorized. on bahalf ~nd ~n the ~wue ot adortga~or u to exeoute and delivec vslid aoquittsnoes lor. snd to ~ppe~l (rom.aqy suah judgmenta or ~~rards. Murlgagee m~y ~pp~p al~ • suo6 sume or eny part thereot ao reoeived. a[ter the paymei?t ot all o( ite e:pe~eee. inoludiag ooata snd ~ltorneys' i~es. on the indebtednees seaured 6ereby ip sueh manner as it eleota, or. a1 its option. the entire amount or soy part lhereot ao reoeived r m~y be rele~eed. ' TO MYS AND TO HOLD the sbove Rranted and deeoribed premisses to biortgegee, ita suooesaoca aad~sw.~ns~ torever. snd Mortgagor does hereby tuU,y warrsnt the tit~ to said land, and KiU de[end the same against the ls.rtul claims oi all per~ons whumaoever: provided always ~hat if Mortg~gor ~hhsU pay to Mortgagee that oetlaia promissory aote sbove desoribed wd shall p~{~ ~ oW~er oovensnte and oonditiuna o[ said prom~ssory note, aad otlqy ret?ewal. extens~on or modi8oatioo ihereo[, snd ot this mortgage. then this mortgage and the estate hereby oreated shall oease and be null and void. Mortgagor turther oovenanls and agrees with Diortgagee ss toUowa: l. To psy sll suras inolud?'ng inLerest seoured heceby when due. as provided for in said promiss~ry note and ~ny• renow ~?I eztensiun or modiSeation tLereol snd in this mortgage. aU suoh sums to be p~y~?ble in 4wful money ot the United 3tates o~ ereo Ameriw at Mortgagee's doressid prinoiWl o~oe. or at auoh other pbwe as Mortgagee.may desigaate in ~rriting. 2. To pay xhea due, and without requirinA s~H noticc~ from Mortgagee. ~?U ta~es, asses~menls uf anp type or nature and other ohs~es tevied or ass~l s8a~nst the prnm~.,oe heresby eneumbered and produce receiptx therefor. upon dea~and. To n immediatc y psy and discharge any clann. lien or enuuinb~ance against such preaii~es wl~ieh may be or Lecome superior W , ihis mortgage sncl Lo permit ao detsult ur deliaquency un any other lien, encunibrance or et~ar~,m sgainst sucsh premi~s. ~required.by Mortgagee. to also make monthly deposits with Mortgagee tn s non-interest bearing sooount, t ,~ry~ , vrith and ~'n~~ ~ to intereet and prinap~l, ot s sume qa~al to one-t~velf~fi ot Lhe yestly taues and ass~sm m~?y be ievied agsinst the pre ~ d(ii so required) oae-tvPVPeltth ot the yesrly pr~emiums for insuran he amount ot guah taxes, s~sments wd premiu . uaknown. shall be estimated b Mor . ~ts shall be used by Mort- ~ gagee to psy suuh t~es, aseessmeats and prem due. My inau~ci u aooounL to pay suoh chnrges ~rhen _ due shsU bq pqjd by 11ior~agor to Mortgeigee on deman sny etault by Mortgagor und~ aqy provisim ot P~1~ ,`f~i/ this mortg~ge. Mortgagee deoiares al1 anms eecur~ed h ue e, Mortgagee may then app~j? any tunda in f'~ said aoa~unt agaiast the entire indebtedness ereby. The enioroeabi 'tq snts relatity~ w tuee. asse~menls z / snd inauranoe rem~ums berein o ~ provided shsll not be a~eoted ezoept in eo fsr as t~ ' t~ona h~ve been met Dy ~mp~~ ~ . Mortgagee m~?q [rom ~ime to time st iia option wsive. and dtor sqy s '•er reiastate, ~y o~ ~11 s ereof requiring suoh depomta. by notiae to Mort~agor m wnting. , While aqy saa6 ~vsiver ~ r s}uJl paty taues. +~saments and insunnoe premiums as here~n elsewhere provided. 4. To prompdy psg all tuxes and asse~ments a~l or levied under and b< <~rtue of snp atate. [ederal, or municipal law or regulation hernafter pa.~ec1, against Mortgagee upun this mortgage or the debt hereby securc+cl, or upon its iatereat~ under this mortgage, pruvicted !wW e~•er. that thc+ tutsl amount ao p~id tor attp such taxes pursuant b this psragn?ph tagether v~ith the intc~rest ps~sble on said indebte.lnesti sball not esceed the h'~ghest lawful rate ot ~ntere~t ia b'lorids and pro~xicxi further that in the event of the pas.•+age oi an~ such ]sa or regulatioa. the entire indebtecine.~ socured by this mortgage s6al1 thernupun t?ecomo imn~eJiatclv due and pa~able at the optiun of Murtgagee. • 5. To keep the premiu~ insureci agair?st los~ or damage by 8~re, the perils agsiaY~ v? hich insurance i~ atforded by the E:tended Coversge Endursement. and such other risks and perils as Mort~gee ~n itx d~soretion ma~req uire. The policy or pol~cies of such insursnce ahall be in the furm in genera?1 use from time to time m the localitv in vrhtch the premises are s~taated. shall be in such amount as ~lortgagee ms) trasonably require, shall be issued b~ a company or companies approved by biortr gagee, and shal! contain the 3tandard \Iortgagee Clause with loss pa~able to ;liort{~agee. Wheuever required by Mort~a~ee ~uch pulicies, and al~tracts and other title evidence. ahsll be delivered immedistely t~ and held by 1liortgab~ee. Any and sl'l amounts rea;~ved by 1liorlgagee under any of such pulicies may be applied b} 1Vlortgagee on the indebtedness secnred hereby in such n~anner av ~iortgs(;ee ma~. ~n ~ts sole discretiun. elect or, at the opUon of Diort{~agee, the entire smouat so reoeived _ or an~ part thereof may be.relea.geci. Neither the spplication nor the relesse of any such amounts shalt csure or waive any default. Upon exereise ot the power of sale gi~en in th~g mortgage or otherscy uit+ition o[ the premis9s or anS part thereof bv 1liortgagee, such polici~, abstrsets and title evidence shall become the absolute prope~ty o[ Mortgagee. 6. To ftrst obtsin the written oonaent at Mortgaeee. such aonsen~ to be granted or withheld at the sole disaretion o! suuh Diortgagee, before (s) removing or demolishiag building no~v or hereatter ereoted on the premises, (b) ~ltering the arrsage- ment. des~gn or atruotural ohsraoter thereot. (o) ~ my repairs w1?ich involve the removi?10[ stcuotural parts or the e~cposure ot the interior o[ suoh builJing to t.he elements. or exeept for domestio purposes, outLing or removing or permitting the ' cutting snd removsl o[ sny trees oc timbec on the premises. ~ 7. To maintain premiseg in good eondition and repair. including but not limited to t6e msking o( su~h repairs as Mortgagee ' msy from time to time detecmine to be neuessary [or the preservstian ot the premises and to not oommi~ nor permit any waste j thercof. S. To oompl} with all Isws, ordinsnces. regulstions, oovensnts. oonditioas and restrictions affecting the premises, and noE to suff~ or permit any violation ~hereot. 9. If• blortgagor tails to ~sy any claim, lien or encumbrance which is superior to this mottgage, or, when due, any tax or ai-sc~ment or u~surance prem~um, or to keep the premises in repair. or shall cumnut ur permit waste, or it there be commenc~l sny action or proeeecling afiecting the premues or the titte thereto, or the inte~t of 111ortgagee therein, including, but not timiteci to. em~nent domain snd bankruptcy or reocganizafion proeeedings. then biortgagee, at its option, mt?y pay sa~d • clsim. lien. encumbrsnce, tau, assessment or premium, with right of subrogatton thereunder. may make such repairs and take such steps ss it deems advisable to prevent or cure suoh wsete, aad msy app~r in any such action oc pmceecl~ng and retain coui~el therein, and take such actiQn therein as :~iortgagc+e deeras advisabie, and for any ot said purposes Diortgagee ee ma~ acivance such sums ot money, includ~~?g all costs, reasonsble attorney's tces and other items of eapense as ~t deems neces- sar~. Mort{;ag~ee ehall be the sole judgr+ of Lhe legality, validit}~ and priority of any suc6 claim, lien, encumbrance. tax. assc~s- ment snd premium, and ot the amount necu~.sary to bepa id in satisfact~on thereot. Mortgagets shall not be held account- able [or any delay irt making any sueh psyment, a htch delay may result in any additiona) iuter~t, costs, charges or expense otherw ise. ' 10. Mortgagor vriU pa?y to Mortgage~, immed'u?tely and wilhouE demsnd. sU sums oE money advanoed by Mortgagee pursusnt to this mortgage. includ~ng all costx. r'easonable sttorney's fees and oth~ itema ot expense. together with ~nterest on each suuh advancement at the rate of ten per cent. (lO~Jo) per anawu, and all such sums snd interest t~ereon shall be secured hereby. - I 1. All sums of money secured hereby shall be payable v~ithout any relief ~hwtever [rom any valualion or spprsisement lsw~. ~ 12. It default be msde in paymen~ of sny installment ot prin~sipsl ~r interest ot said note or an~v part thereot w~en due, or in psvment, when due,_ of any other sum secured hereby, or in per[ormance of any of Morti~or a obligstions, covenants or agrcements hereunde~, all d the indebtedness secured hereby shall become and be immedistety due and psqebte st the option of Mortgagee, without notioe or demand whicsh are hereby e:pressly waived, in which event~ I?iortgsgee may a~ail itselt of all rights and remed~~. at Isw or ia equity, snd this mortgage may be foreclosed with sll rights and remedies afiorded by the ~ laKre of Florids end 3iortgagor ahaU psy all cw~te, eharges and e~cpenses thereof, includiag a reasonsble attorney's fee. ~ I3. It default be made in pekpment, when due. of sny indebtedness aecwed hereby, or in performance of any ot Mortgagor's obiigations, oovenants or agreemente hereuad~: (a) Mortgagee is suthonzed at any time, without, notice, in its sole discretion to enter upon and take posaession of ~ ~ the remises or anypar t thereo[. to perform aay aests Mort~a~ee deems necessary ot proper to oonserve the secanty and to ; ~ collepet and receive sll rents, issues and profits thereof, ~nelu ~d"ng those past due as weU as thase aocruing thereafter. snd ~ ~ (b) Mortgagee s1~a11 be eniitled, as s mstter of strict right and without regsrd to the value or ooaupancy ot the se~urity to have a rec:eiver appo~nted to enter upon and take possession of the premises, oollecst the rent~s and pro6ts therefrom and spply t6e same sa the aourt msy direct, sueh receiver to h:?ve sll the nghte aad powers permitted under the bRa ot Florids. ~ Ia either such case ~iortgagee or the reoeiver msy also take poss~ion ot. sad for these purposE.~s use, any snd a11 pe~sonal ~ property oontained in the premises and used by Mort~agor in tLe rental or leasing thereof or sny part thereof. The expense ~ (mcludwg receiver's fees, oounsel [ees. oostx snd sgeat s campensatioa) incurred pursusnt to ~he powers herein oontained shall be secured hereby Mortgsgee ahsll (atter payment ot all coate and eupenses incurred) sppiy such reats, issues and pro8ta received bq it on t•e indebtednesa secured hereby in suc6 order as Mortgaqee determines. The nq66 to enter snd take possession of said property, t:~ msnage and operste the same, and to oollect the rents, isaues and pra8ta thereot, w6ether by a receiv~ or otherM~se, shall be aumulative to anp ~other right or remedy hereunder or aRord"ed b IaW, and msy be exercised concurtently therewith or independeA~ly thereot. Mortgaigee ahsll be tisble to aoeoant onbr tor w~cents, isues sad pro6ts aatually reoeived by Mortgagee. - • ~ s ~ t 3 ~ :b:;- ~ „~m:~ . ~ ~ ~ ~ : ~ z~ ~ ~ ~ _ - r~ - _ e~. _ . a:~,.. _ . _