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TO~,iSTHSt WiT6 ~11 ~nd sin~t~r the tenamenta. hereditaments and •ppurten~aoea tleereurtto beloa~in~ oe in sn,y-
~riee thereuaw ~?ppert~?inin~ and the rents, isaues and pro8ta thereof. und ~lw ~t! the ertate. ri~6t, title. iat,eres~ aad ~ll daim
and demuad whataoever. ~s well ~a laM as ~a eQuity. of Mortga~or ia ~nd to Lhe same. iaolud?ne but not Umited to:
i~) AU reata. W~oAts, revanues, royaltie~. r~hta aad beae6ts derived trom (1) omps Qcowp ua sud ~eouriRy wd produoe
d the eoil othanrise (2) al. ~s or minerai leaees ot tbe premi~es or ~ay t Wereot no~r eu~ti~ or hsreafter m~?de. wit6 the
ri~ht to reoeive aad reoeipt tberetor sad~pp~y the isme to the iadeb~eas aeou~ hereby ~ther betore or ~tter aqy dehult '
heceunder~ and Mort~aQea myr damaad. sue ioe ~ndarecover ~ suob p~ymeats but ihall aot be required so to do. aad (3) ~ll
other renta. i~ues and proQts ot tbs pt~ai~e~ from tims to time ~ooruing, whether undet leases w tenanoies now euistint or
het~ea~ter or~leds reservin~ to Mor r. however, so bng as Mort~~or is aot in detault Lereundee. the ri~6t to reosive and
retaia tDe reats. usueo wd pro8ta ia~ (1) and (3) herein. -
(b) AU judgmeats. ~w~eds ot danages and settlemeat~a Aere~tter mada resulting f~+om ooademu~tioc proeeedia~ or the
takiag ot the p~~ea?ises or ~qy part thareot under the poMer ot eminent domain. or tor any damage (whether oweed by suoh
~ or otherwise) to the premieea oe the improvemeata thereoa or aay part thereot. or to wy righta appurtenaat thereto.
inolu ng at4y a~vard tot eh~e o[ ecade o~ stree4. Mort~ag is hereb~ w16ori~d. on behalt snd m the wuae ot Mortg~Or
to e~eoate and deliver valid aaquittanoes tor. ~ad to spp~al t~rom.aoy suah judgwenta or ~w~ards. Moregageem~? ~pp~jr ~
suoh suma or aqy part theceof w reosived. dtet t~epay ment ot sU o[ ite a:penses. inoludiag oostv ~ad ~?ttoraeys' feea, on tha
indebtedness seeured Lereby in woh manner as it eteota. or. ~L its option. the entire ~mount o~ u?~ p~rt t~hereot so reoeived
m~Y bs rekaeed.
TO HAVE ANTD TO HOLD the sbove granted and dewribed premises to Mortgagee, ita suaeeew~rs aadasa~ns. forever.
aad Mortgagoc does hereby tuU,y warraat the tiUe to said lsnd and w+ill defend the aame a~ainat the I~wtu! aWms ot ~il persons
~v6omsoevet; pmvided alw~ys t6at if Mort~ag~or shall pay to ~ottg~gee tlut oertain prom~asory note ~bove desoribed ~nd shall
~d
~~~other ooveaanta ~nd oonditions o[ said promiesory note. and at any renewal. est~eaaion or modi6ostion tbereot.
t~a~g~e, Wen this mortg~e snd the estate hereby ore~ted s6a11 oeose aad be null ~nd void
Mortgagor further oovenaats and agrees ~ith Mortgagee as tollows:
1. To p~y all snms inoluding interest secnred hereby ~rhen due, as provided for in s~i1 promiaeory note ~adaqy renewrsl
euctensioa or modi9ostion theneoT wd in this mortgage, att suoh ~uma to be paysble ia i~rv[ul money of the United States o~
Amerio~ wt Mortg~~ee's doresaid prinaipal of5ae. or st snoh other plaoe as Martgag~ee.m~q deeognate in wtilina. .
2. To P4y whcn due, and wil6out requiru~g wny notioe trom Mortgagee, slt 4?xes, ~seeesmenta of say type or wture and
other ohargea b~~ed or ssaessed againet the.premises 6ereby encumbcrea snd produae receip~a therefoc upoa den~and. To
immedistely pay and dischsrge any elaim, lien or encumbrance agamai suah premisee whioh a?sy be ot beoome superior to -
this mort~age and to permit no detsult or delinyuenoy on aay other lien, eacumbraace or char~+ against auclr ptemism.
3. It required by Mortgagee. b slso make month~y deposita r?ith Martgagee, ~n a non-inter+est be~ring ~ooount,t~q~ Wet ~
with and in addition b intereK and rinap~.l. of s sume qu~al to oae-tweltth ot the year~j?_Laues and aaseasments whr'o6 msy
be levied against the premises. and ~so required) on~twelfth ot the yesr(y pr~emiama for insunaoe thereoa. The amount oi
such tues. ameasmeata and pe+emiams. when unknown. ahsU be estimated b~y MortQa~ee Suoh deposits shsll be ased Mort-
~agee w pay suo6 taues. aase~smeata and -premiums ~vhen due. Aqy insulSoienoy ot suoh aooouaL to psy suah charg wbea
due shaU be paid by Mortg~or to Mortgages on demsnd. It. by reaison ot sny detault by Mortgagor nnder sqq pmvision ot
thia mortgage, Mortgagee dealares all sums seoured herebp to be due and payable. Mortgagee may then appty aoy innda in
. ssid sooount against the entire iudebtedneae secured hereby. The enforoeabi6ty d the ooveaaata e~elatin~ to ta:es, sseessmeata
•od insuranoe premiuins hereia othenrise provided shall not be sQeoted e~coept in so far au thoae obligauons have been met by
oomplianoe with thiapsra~sp h. Mortgargee msq trom time to time st its option waive. snd dt~ aap snoh wai~er reinstste,
any or all provisiona hereoi requiriug suaL deposits. by notiae to Mortgagor in ~vritins. While any suoh waiver is in eQee~
~ortgagor eh~ll pay t~es. ~enta and insur~nos premiums ae herein elsewhere prov~ded.
4. To promptly pap sll taues and assesem~nts a~c1 or lwvie~l un~ler and hy virtue ot anv atate. federsl. or mun~in~l _
law or regulation hereRtter passed. against Mortgagee upua t6is mortgage or-the debt 6ereby secured. or npon its iat~eet
i under this mortgage; pro~rided ho~vever. thst the tofal smount so psid for unp such ta~ces pursusnt to this p~ragrsph together
; with the interest psyable G~ ssid indebteclnesR shall not euoeed the highest lawtul rate ot interest in F'lunds snd providecl
turther that in the event ot the pssecage of any suah law or n~gulation. the entire inclebtednesa secured by t6i9 mortgage shsll
thereupon beoome immediately due and psysble at the optiun ot 1liortgagee. - _
b. Tokeep the premisASinstued againat laas or damage b}•&~~e, the perila against which insurance is aQorded by the Eatended
Co~•erage Endorsement, and such other riska and perils as Mortgagee m ita d~scretion mayreq uire. The poliay or polioies of
such inxuranoe shall be in the iorm in generul use from time to time in the locality- in which the premisee are a~tuateci, ahall
I be in such amount sa 1~lortgagee msy rea~nsbly rc+quire~ s6eq be issued by s company or.oompsaies ~pproved.by Mort-
i gegee. and shsll contsin the 3twnclard A~ortgagee Clause vrith loss psyable to Mortgagee. Whenever required by l~iortRa~ee, -
! such polic~es, snd sbatracts and other title evidenoe, shall be delivered immedistely to and held bp Mortgagee. Any andall
amounts rt+ceived by_Mortgagce under any ot suuh policies may be applied b~ Mortgagee on the indebtednees seaured hereby
~ in such manner as Mortgagee msy, in its sole discretion, elect or, st tbe opt~on of 14iortgagee. the entire amount so reoeived
' or anv part thereot may be released. I~~either the applicaLioa nor the relesse of sny such amounts shall aure or waive sny
default. Upon eacroise ot the po~rer ot ssle ~ven in th~s mortgsge or otheracq uisition o[ the premis~ or anp part thereof by
~ :4iortgagee, euch polieies, sbatraats ~nd tit e evidence shaU become the sbsolute property o[ Mwtgagee.
i 6. To Srst obtsin the writLen oonaent of Mortgagee, such oona~t ta be granted or ~vithheld st the sole discretion ot such
~ btortgagee. be[ore (a) removing or demoliahinq any building no~r or hereafter erecteci on the premises, (b) altering the arrange-
ment, d or struotun?t oharaoter thereot (o) mt?iring aa re r
es~gn , y paiis which involve the removal of struotural parta or the ez~oeure
~ o[ the interior ot snah building to the element,e, or (d) ~aept for domestio purposee. autting or removing or petmittuig the
E eutting and temoval of auy u~ees or timbet on the premises. tu g
~ To maintain premises in good oondition and repair, including but not limited to the making of.sucL ~repairs as Mor
~ may trom time to time detdrmine to be ne~eesary for the pc~eservation of the premises and b not oommit nor permit any w~
, thereot.
~ 8. To oompl~• with all lswa. ordinanoes. reguLtions, oovensata. oonditions and restriQtions aSeating the premisee. and not
f to auHer or peraut any viulstion theteot. `
' 9. If 141ortgagor tails to pay any claim~ lien or encumbrance which is superior to this mortgsqe. or~ wheadue. any taz or
~ as.~ssment or ~nsurance prem~um, or to keep the prornises in repsir, or shsll commit or permit waste, or if there be oommenoed
' any aetion or proc~eding aHecting the premi~es or the title thereto, or the interest of 14fortgsgee therein, including, but not
~ limited to, em~nent domsin and bsnlQUptcy or reorganization proceeclings, then Mortgsgee, st ita option, mwy psy said '
f clsim, lien, encumbrsnoe, tau. asse~ment or premium, with right ot 3ubrogstion thereunder, may mske such rep~rs snd
t tske such ste~ as it deems advissble to prevent or cure such weate, and msv sppesr in any such action or proceed~ng snd
i retain counse therein, and tske such action therein as 1liortg~~ee deems eclvissble, and for sny o[ said purposes Mortgagee
may acivaaoe sueh sums of money. including all costs, rea.vonable attorney's feea and other items of ezpense ss it deems neees-
~ se?ry. 1~ortgagre shall be the sole judge of the legality. validit~ and priority of any such cluim. lien, encumbrsnoe, taz, assess-
~ ment snd premium, and of the amount necesxars to be psicl in satisfact~on thereot. I~fortgagt~e ahall not be held account-
i able [or any deley in msking any such psyment, which delay may result in sny sdditional interesL, costs, charges or eapense
otherw ise.
~
! 10. Mortgagor will paq to Mortgagee, immedistely md ~vithout demand. all suma of money sdvanced by Mortgagee purausnt
i to this mortgage, including sll oosta, reaaonsble sttomey'a fees snd other items of ezpenae. together with iatereat on esah such
~ sdvanoement at the rste o[ ten per oent. (10%) per mnum, and all auuh sums and int~est thereon rhall be aecured hereby.
11. All sums d money secured hereby shall be psyable ~vithout anq relief whstever Irom ~ny valustion or appraieement 1swE.
i:
12. It default be made in psyment of any inseallment of principsl ~r intereat of said note or an~ part thereof rv~en due, or -
in payment, when due, ot sny other sum secnred hereby, or in performanoe of any ot Mort~a~~r a obligstions, oovensnts or
ments hereunder, all ot the indebtedness seoured hereby sh~ll beoome and be ~mmediately due aad psysble at the option
~liortgsgee~ Rit6out notice or deme?nd which are hereby expressly waived, in whioh event Mortgagee msy svail itseU ot
all righte and remedies, at la~v or in equitq, and t6is mortgsge msy be forecloaed with all rights snd remedies a~orded by the ~ ~
lsaa ot Florida snd Mortgagor ahall pay ~ll oosts. aharges and ~penaes thereot, including s reasonsble sttornep'a tee. j`
~ 13. If detsult be made in payment ~vhen due. d undebtednesa seoured 6ere
- obligsliuna. oovenanta or agreementa ~ereunder: ~ bY. or in perforwanoe o[ sny ot ~iortgagor'a _
(s) Mortgagee is wthorized at any time. ~rithout notice, in ita eole diecretion to enter upon aad tai~e posaesaion ot
the premisea or anypart thereof, to pm~[orm aay sets Mortgagee deems nec~esary or proper to oonserve the aeourity and to ?
uc~Uect snd receive ~11 rents, issues and pro6fa t6ereo[. including Woae past due as w~etl ae thoae accruing thereatcer. sad '
(b) Murtgagee ahsll be entitled. aa a m~tter ot strict nght snd without regard to the value or oecupauey ot t,he eecwity,
= to 6sve s reoeiver sppou?ted to enLer upon and takep~s~ on of the premiees, oollect the rents and pro8ts therefrom and apply
the eame ss t6e oourt msy direut, auoh reoeiver to •h.ave sll the righta and powers permitted uader the lsws o[ Florids. -
In either such case Mortga~ee or the reveiver may slso take poseession of. and for these purposes uae, auy and all personal
, property oontained in the premise~a md uaed by Mort~agor in the rental or leaBing ther~eot or any part thereo[. The e:pense ;
(~ncluding receiver's feee, counsel teea, cwsta snd agent s oompenastion) incarred pursuant to the porvera herein oontained ahall =
be aeaured hereby. Mortgagee shall (dter psyment ot all oosta and expe~nsee iacurred) spplq auoh renta. iasues aad pro8ts
reoeived by it on t'•e indebtedness secured hereby in auch ord~ as Morig~gee determines. The right to ente.r aad take poaeeaion
d said propertq. 4.~ msnage and operate the same, and to oolleet ih~ reots, issues andpro Sfa thereot, whether by a reoeivet or
otA~nse. ahall be aumulstive to any oth~ rigdt or remedy Aereunder or aQorded by bw, and msy be e:erisieed ooncurrently ~
therewith or independen~ly thec~eof. Mortgagee shall be liable W soooant onl~ for such renL~, isrues sad proflts aowally reoeived ~
by Mo*t~a~ee• 3
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