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Home My WebLink About2516 J f TO(:~THF.R N'IT~I aU and singul~~ ihe tenements, hemiiti~n~nts a?Kl appu~tenances therrunto Ixbngir.g or ii anywise j cAereunto appertainios and thc rents. iuua s~d profits theteof. and also a!) the estate, ~ight, title. interest a~id all claim and ~ deownd whatsoevec, at weU io law ts in equity. of the said Aiu~tgagor in and w the same, including but not lemitrel to: i (a) ~11 ~ents, profits. revenaes, myalties. riqhts and benefits derired trom (1) crops gmwn o~ said security and pmcluce o( the soil otherwise (2) oil, gas or mineral leases of the preniises or any part thercof, now existi~.,q or hercinafter m:.Je, and (S) sA other cents, issues and prolits ot the premises ico~n ti~ne to tinie acccuir?a. whether unJer leaxs or tenancies nohr ezisting u~ hercafter created; ia euh such case with the ~iaht in the 111o~tgaqee, but only at its option, to recei~~e and receipt th~re(or ~ and to apply the samt as it may elect to any indcbtedness securccl herrby, and the 111ortgagee, at iu option, mar drmand, sue for and Kco~•er any such' paya~ents, ~esen'inS to the ~tortgagor. however, so bng as said 111ortgago~ is not in drfault herr~~nder, t~e right to receive and r~tai~ such re~ts, issues and pmCts. j (b) All judgments, aw.?rds o[ damages an:l xttlem~nu herealter ~na.le as a result ot or en licu of any taking of the } prcmises or ar?y pat! thercof under the power o[ emine~t dom:~in, or for any damage (whether c~uud by such taking or otherwise) to the premises o~ the improa~emenu thrceon o~ any part thereof; such part of any such judg~ncnt, a~vard or settl~ment, as the I?to~tgagee may elect to be applied to the indebtedness hereby secured and the balance thereo(, if any, to be resen~ed to the party or part:es otherwise entitl~-d tAereto. TO tIAVE ANO TO IIOLD the abo~-e granted aad desrribcd premisrs to thc said ~fortgsgcr, its surcessors and assiens. fom-er, and the said Mortgago~ don hereby tully warrant the tide tu said land, and will clefcod the slme against the la~~(ul ~ cl:?ims o( all pcrsons whomsoe~•er; pro~•ided always that if riortgagor shall pay to I~to~tgagee that «rtain promissory note abo~•c ! desccibed and shap- per(ortn all other co~•enants and conditions cf s~id promissory note, and of any ~e~eNai. extension o~ mali- ~(ication thercof. and o( th~s mo~tgagq then this mortgage and the estate hercby created shall rease a~d be null and voia_ ~ I?iortgagor [urthcr co~•rnanu and agrees with 1?iortgagee as [ollows: ; 1. To pay all sums including inte~at sccurrd hereby when due, as provided foc in said prom~ssory note and any rcnewal, extension or mod~fication thereof and in this morcgage, all such sums to tx payable in lawful money of the L'nittd States of ~ :linerica at Mortgaget s afo~aid principal ofCce, or at such other place as I?tortgagee may designate in writing. ~ 2. 'Fo pay when due, and without rcquiring :?ny notice from Mortgagee, all taxcs, :?ssessincnu of any type or naturc j ~ and other charges Ze~•ied or asscsu~d against thc pr~mises hercby cncun~bcred or any interat of ~1ortGag~ th~reen. To immcdiat~ly ; pay and discharqe any claim, lien o~ encumbrance a¢ainst such premises which may be or become superior to this mortgage and ~ to permit no default or delinquency on any other lirn, encumbrance or charge agai~st wch prcmises. i 3_ if rcquircd by '~lortgagee. to also ma4e monthly deposits with ~iortgagee, in a:?on-interest bearing account, together with and in addition to interest and princip.tl, of a sum equ~l to one-t~velfth of the yearly t~c~s and assessments which may be t le~-ied against the prcmises, and (i( se required) on~-tw-~Ifth of th~ ~•cariy premiums for insurance thereon. The a~nount of such ~ taxes~ assess~nents and premiums, when unknown, shall be estimauYl by \fortgagce. Such deposiu shall be useci by ~iortgagee to pay such taaes, assessments and prrmi~mt r?hen due. rlny insu((iciency oi such account to pay such charges when due shall ~ be paid by \io:tgaqor to \lortgagee on demand_ If, by r~ason o( any dc(ault by 111ortg~Ror under any prov~sion of this mort- qage, ~iortga,ee derlares all sums secured hereby to ix due and payabie, rlortqaqer may then apply any funds in said account against the entire indebtednrss securecl hercby. The enforceability of the corenants relating to taaes, assessments and insurance prcmiums her~in oth~rwise pro~•idecl shall not be a(fectecl e«ept in so far as thase obligations haee been met by compliance with thu paraqraph.~ 1liort¢a4K may from time to time at its option Mai~•e, ancl atter any such waiver reinstate, any or all pro~•uions hereof requiring such d~posits, by notice to ltort4agor in writir.g. \\hile any such waia•er is in effect 1liortgagor shall pay ta<es. asussments and insur~nce premiums as her~in elsewhere pru~-idecl. 4_ To pay al) taxes, stamp tau or other chargo which may b~ asxssed upon this martgage, or s~id note, or ind~btedness secured 6ercEy, without reeard to any law, Federal or Stat~, h~retofore or her~a(ter ~nacted, imposinq pa~ment of all or any part thereof upon aiorteag~e. In event of rnactment of any law imposing payment of all or any portion of any such taxes upon ~iortgagee, or the rendering by any court of lut resoR of a decision that the undertaking by ?lfortgagor. as herein pro~~ded, to ~ pay such taz or taxes u le4ally inoperati~~~, then, unless Hlortgagor ne~ertheless pays such taues, all sums hereby sa'ured, without ~ ~ any deduction, shal! at the option of ~fortgagee become immediately due and payable, notwithstanding anpthing contained herein or any law hereto(ore or hereatter enacted_ ; 5. To keep the pr~mises insured agai~st loss or damage by 6re, windstorm or extended coverage and such other hazards as ~ may be required by \fortgagee, in (orm ~nd amonnts satisfactory to, and in insurance companies appro~-ed by ~tortgagee, and with ~ acc~ptable mortgagre bss payable clauses attached. Such policies, together with such abstracu and other tide e~id~nce as may { ' be requircd by \iortgagee. shall be deli~cred to and held by Mortgagee without liability_ Upon foreclosure of this mortgage or ~ mhcr acquisition of the premixs or any part thereof by I?iortgagee, said policies, abstracu and title c~-idence sha0 become th~ t c absolute proprrty of \torteagee- ? 6. To first obtain ii~c writt~n consent of rfortgagee, such conxnt to be gra~ted or withheld at the sole discretion of wch ~ ~ ?.:ortgacer, before (a) removing or demolishing any building now or herea(ter erected on the pnmises, (b) altering the arrange- i ment, dai¢n or structural character thercof, (e) making any repairs which im~ohe the remo~al of structural parts or the ~ eaposure o( the interior of such building to the elemenu, or (d) except for domatic purposes, cutting or removing or permrtting 1 the cuttinq and remrn•al of any trees or timber on the prcmises. _ 7. To mainwin premises in good condition ac~d repair, including but nc._ ..mited to the mating of such npairs as biortgagee may irom time to time determine to be necessary for the preservation o[ the premises and to not commit nor permit any ~vaste thereof. 8. To comply with all laws, ordinances, regulations, co~•enants, conditions and restricteons affecting the premises, and not to suffer or ~ermit any ~iolation thereof. 9. 1[ Mort~agor fails to pay any rlaim, lien or encumbrance which is superior to this mortgage. or, when due, any ta~c or assessment or insurance pnmium, or to keep the prcmzses in rrpair, or shall commit or permit waste, or if there be commenced any action or proceeding aHecting the premises or the tide thereto, then Mortqaqee. at its option, may pay said claim, lien, encum- ~ brance, tax, assessment or premium, wit{~ right of subrogation thereunder, may make such npairs and tate such steps as it deems ad.•isabk to prevent or cure such waste, and may appear in any such action or proceeding and retain counsel therein, and taQe } such action therein as Martgagce deems ad~~sablt, and for any of said purposes Mortgagee may ad~-ancc such sums of money, j indudinq all costs, fees and other items of upense as it deems necessary. I?iortgagee shall be tht sole judge of the legality, ~ ~•alidity and priority of any such claim. Gen, encumbrance, tax, assessment and premium, and of the amount necessary to be paid ~ in satis(action thereof. I?iortgagee shall not be held accountable (or any delay in making any such payment, which delaq may f i result in any additional int~rest, cost, charges or expense o~herwise- 10. \fert¢aqor will pay to Alortgagee, immediately and without demand, all sums of money advanced by A~ortgagee punu- ant to this mortga¢e, together with intemt on each such ad~ancement at the rate of ten per cent. (107e ) per annum, and all such sums and interest thereon shall be securcd hereby. 11_ All sums of money secured hereby sha11 be payable without any relief whatever from any valuation or appraisement laws_ 12. I( default be rtwdc in payment oE any instalment of principal or interest of said note or any part thereof when due, or ~o payment, whrn due of any othe~ surn secured hereby, or in performance of any of Mongagor's obligations, covenants or ~ agreements hereunder, ali of the indebtednas secured here6ry shall become and be immediatelp due and payable at the option of Mortgakee. v+ithout notice or demand which are hereby exprtssiy waived. in which e~ent Mongagee may avail itsel( ot all righu and remtdics. at law or in equity, and this mortgage may be foreclosed with all righu and rcmedia atforded by the laws of Fbrida and I?iortgagot shall pay all costs, charga and acpenses thereo(, including a reasonable attorney's fee_ . g~~K 231 PA6E2511 - - ~ - - - , , f.~~.~.~~.~'~.~,,.,,~ . . _ _ ~ _s~