HomeMy WebLinkAbout0398 r
~ 1
~
r
Q
?
'1~0('BTHBA Wl1'H all aad ~ie~ula~ tl~e teaemee?b. Aerediwneab and sppuncaanca thercunw beloai~na o~ ia aopwiu .
tlltrewt~o ap~peitainins and t1~e reatti brua and pc~tt tbacoEs aad alw all the aatt, ri~Itt, ti1'r interdt ind ap elsun and
demaAd w6sboevc*. as well in law at ia equiq?. ot tl~e ~aid ~tortpaor ia and ~o the 3ame, iacludins but aot limited to: ~
(a) M reaa. P~~s. reveeuua. ~o~raltia. ~6ts and ba~~q de~ived tcom (1) c~oq ~owu oa ~aid ucuritr aud Wodua
at the wil otberwi~e (2) oil, ~ae ot minewl ka~a ol tLe premius o~ anr pare t6ereot. now existia~ ~ hereinattes made. and
(S) all otf~a renb. is~ua aad pwtiti o~ ebe pnmi~a trom time to tune acuui~a. whether w~dcr ka+a or tepancia upw e~tin~
ae berea[ter created; ia tacb such we with tbe ri~t ~ja tLe I~Iort~asee, but oalp at ia optioa. w teceive snd receipt tberefor
aad to applq the saa~e u it n~r dat w anr indebtedaea xcured haebp. and t6e l~tortaasee, at iu option. may demand, sue tor
sed recova atqr i~h paymenb. nservina to the Mortaasor. howevet. w lona as said Moresasor is not in dcfault hereu~der. the
riaht w receive ud retain wch ree?ts. issua and proCa. .
(b) AU judameau, awuds uE dama6a and ~etUements hereatte~ made u s rault of or in Geu ot anr alcins ot the
p?cmi~ea or any part t6ereot unde~ ths povrts of cmineat domai~, 0~ for any damase (whether cauted by such akiaa or otherwi~e)
eo tl~e premi~ea or the unprovema~b tbereon o~ anr part thereot; wch part d any such jud~cnent, award or settkmeat, as the
Mort6aaee' aasy ckct to be applied w t6e iadebtednas bereby xcured and tbe bslance t6ereo~, i( anr. w be reserved w t}u
parer or putia othe~anx encidcd therRto. -
• 1'O HAVB ATc'D TO HOLD the aSare aranted and described premi~a to the ~aid -':tort;aare, ia ~ccesaort and anisns,
torever, and the said Moregaaor doa hereby futip warrant the dtk to ~aid laad, and wiU defe~d the same aaainst the Wwful
daims ot ail penons whom~oeve~; provided aiwaya t!?at iE I+tonsxaor ~alt pty tn Mortaasee that eertaip pranissory note above
dexribed and shall perform a!1 other covenants aod conditions ot satd promissoqr rate, ar.d oi anr renewat, e:tension or modi-
tication thereof, and of tl~is mortgase, thrn Wis mortaaEe aad the autn c~rebr created ~hali cease and be nuU and. void. -
Mortsaaor further covcnants and agress with Mortsaaee u loUows: ~
1. To pay all sum~ inc:udins interest secured herebp rrhen due, as provided tor in iaid promiswrp aote and an~ rentwal.
extmuon or modi(ication thereof and in this mortssge. aq such sums to be payable in lawiu! money o[ the United Suta of
t.merica at Mortgaget's atoresaid principal ofGce, or at such other place as Mortaaaee may daianate in writins.
2. To par when due. and . without requirinS any notice trom Mortaaace, all taxa, assessmenn ot a?r trpe or nature
artd other cbuga levied or asxssed against the premises herebr encumbered o~ anr iataest of Mortaaae therctn. To immediatelp
par and dischuse any claim. lien or encumbrance against such premises v?hich may be or become superior to tAis mortsaae and
to permit no default nr delinquency on any.other Gen. eacumbrance or char~e aaainst :uch prcmi:es.
3. It required by Mortgagee, to alw make monthly deposits wiih Mongaate, in a non-iaterat -bearins accour~t, toaethu
with and in addition to interat and principal, o[ a sum equal to one-twelfth of the yearlr taxes and aaa:ments which mar be
levied against the premises, and (i( so required) one-twel[th of the ~~earty prcmiums (or inwrance t6rreon. The amouat ot such
tates, assessmrnts and prcmiums, whrn daknown. shall be atimatrd br Atortgagee. Suc6 deposin ahall be used bp Mort~ee
to pa~ such qxa. assessmenb and pmniums when due. Any in~ulficiencr of such account to pay wch charaes when due shaU
be paid bp Mongasor to Mortga~ee oa demand. If, by ~eason of any default by Mortaasor under any provision oE this mort-
gaae, Mortgagee declara aU sums secund herebp to be due and parabk. Mwtsasce may then applr any fuads in said account
aaaintt the rnti~e indebtedness secured 6erebp. '!Le eniorceabiliq of ehe rnvenanb rrlatins to tua, asusanents aad ia:urance
premiums herein otherwi~e provided shall not be affected eucept in so far u those obiiaations have been met br compliance with
this parasraph. Mortga5ee may trom time to time at iq option waive, and after any such waivet reinstate, anr or all proviiions
hereof requirins such deposib. by ratice to Mortaaaor in writins. -While anr such waiver is in etfect Mortgasor shall pay tua.
asses~nenb and insprance premiums as 6erein ei~ewhero provided.
4. To par all tua, stamp tu or other charae which mar be as~afed upon t6is mortsaae, or said rsote, or indebtednes~
secwed hereby. without resud to aay lavv, Federal or State, heretoforc or hereaftv enacted, imposin~ payment of all or anr
part ,thereaf upon Mortgagee. tn event of rnactment of any lawr imposina pa~ment of aQ or anr portion of anr such taxa upoe
Mongaaee, or the rrndering by any court ot tast e+aort o[ a deeisien that the undertalcing bp Mortsa~or. as htrein provided, to
rar ru~ eu o~ eua u teg~~r ~no~~a~~, thm, unl-s~ Mortgasor neverthdess pays such wces, ap sums herebr ucured. witlwut
anr deduction, ~aU at the option of Mortgaaee betmne unmediatelp due aad payaWe, notwithstandina anpthing coataiacd henin
'j or anr law heretofore or herea[ter enacted.
~ S. To keep the pmnises insured a~airot los: or damase bp fire, r+indnorm or extended rnven~e aad such ot6er hazard~ u
j mar be required by Monaa$ee, in [orm and amounn' ntisfactory to, and io imurance companies approved b~ Mortsa6ee. and with
~ xccptabk mortgagee bss parabk dau~es attuhed. Such policia. w6etha ~+ith such abstracq and other titk evidence as may
~ be required by Mortgagee, shall be delivered to and 6eld bp Mortaaaee without liabilitp. Upon forecbaure ot t6is mortgase or a
! othv acquisition of the premises or ~ny part thereot br Mortsasee, said policia, abstracb and titk _ evidcnce shall become the
absolute propertp o[ Moresasce. -
6. To Gnt obwin the ~vrittrn consent of Mortgaaee, suc6 ooment to be aranted or witt?held at the wk diacretion d tuc6
Mortgagee, belore (a) removing or demolishing any buiWin~ now or hereafter erected on the pranises. (b) alterina t6e arranac-
mrnt, desiqn or ~uuctural chancter therao(. (e) makin6 anT eepain which involve t6e ~oval of struetural parb or the
acpos~ue o[ the interios of such buildias to the demenb, or (d) accept for domsstic purpaes, cuttina or removina w permittina
t6e cuttina and remova) of any trees or timber on the pranises.
----7:~I'o mainuin- premises in good condition and rcpair, indudina but iwt limited to the mal~ina of sucb rrpain a Mort~ee
may irom ame to time determine to be naesury tor We preservation of t6e premi:a and to not commit rar permit aar wa:te thereut.
8. To compljr with all lav+s, oedinancet. resutatioas, covenants. conditions and restrictions affectins the premites. and not
w suf(er or permit anr violation thereof.
9. I( Mortgagor fail~ to pa~ anr claim, lien or mcwnbrance which is wperior to tlw mortgase, or, w6m due, aey tax or
assessment or i~nurance premium, or to keep the premisa io repair. or ahall commit or permit waste, or i( there be commenced
any ution or ~oceedins atfectins the prtmim or tbe titk t6ereW. thm Mortaa6ee. at iu option, ~r wr s~ ~ b~,
brance, wc, ane:~mc~t or premium, wie6 ri6ht ot subr+nsati~ thu+eunder, mar make such repain and c3ke ~uch steps at it deant
advisabk to prevent or cwe such waste, and mar appear in anr suc6 uti~ or procecdin~ and rctain couasel therein, aed takt
~ such action therein as Mortgagee deems adviubk, and for aor o[ said purposn Mortgasee mar advance such sum~ of moner.
includina all cosb, fed aad other items of apen~e as it deeau neces~ar7r. Mortga6ee shaU be the wle judse of tl~e lesalit~,
validitq md priority of :nr such daim, lien, encumbnoce, tax, astmuntnt and prc~aium, and of the amount necessary w be paid
in satistution thereo(. Mortgasce ahall not be held uoountabk [or sn~ delar in making aay such paymcnt, w~ aevr m~r
rault in anr additional interest, cost, cl~arses or acpense otherwi~e.
I0. Mortgagor will par to Mortaagee; immediate}r and without demind, all sums of money advsnced by Mortaagte punu-
ant to this mortgaaq to3ether arith interat o~ eath such advancemmt3at the rate of ten per cent. (1096 ) per 9ATlLI11~ and aU ~
sucb sums and interat-thercon shall be secured haeby. "
11. All tum: of moner ucured hercbp th:11 be pa~rabk ~vit6out anr rtUd whatever from any waluatioa or ap~aisemmt Ia~ef.
l2. If default be made in paymeat of aer instalmmt o( p~ncipal w interat oE uid aote or aa~ part thereof whea due. ar
ue pxyr~rnt, when due of anr other sum recured haebr~ or in pertorrsu~ce ot an1 of Mortgaaa's obiiaatiori~, coveaaab or
aareanenu hereundu, all at the indebtednes~ ucured baeb~ ahaU become and be immediately due and papabk at the option of
~ Ii[ortsaaee, without notice or deenand v~hich are 6ereby expcesslp waived. in which event Mortsagee mar avail itself ot a11 riahts
and rrnttdies, at laMr or in equitr. and this mort;ase may be foc~xlascd r+ith all ri~ha and remedia atf~xded br tLe laMn ot
Florida aad Moressaor ~sU par a11 costa, eharses std a~pao~a ehe:eo~f~ _ iactudiaa a reasonabk attorne~t fee.
ec~R 2~ ~ ~,q3 - .
~
~ y~~ ~ ~ ~ .
r ° ~ . u~ ~~~,~i~ -4r~ :s .
_ y_~~~ ~ ~~~"~..r'~... _ .