HomeMy WebLinkAbout0040 TO(i6T8SS WITU ull ~?nd sinan?Isr tha bnea~e~nt~, harediWpentr and •ppurlenwoeM th~~reunto belur??~ing ur in any-
wiae thereuaw spp~vtainin~ and thu ~e~~tr. i~ue~ ~pd Qt^udla tbewot. u~d alw nli the ertate, rq~ht, iitle, iaterert and ull oluim
at~d +tea~?nd xh~tweyer, a6 ae11 in ?a~r sr in e~~u~ly, u( ~torig~ur in and to tLe wtn~e. inctudu~ but aot liroitrd to:
All wnW. proAtr! re~eauea, royalUeu. ri~hix and benodtr derivecl from (1) erops Qrowrn uu a~id ~cur~ly wd produee
ot ~he yoil o~henriw+ (2) al,~ or minPn?1 lese~a d the pre~nira ur ~ part then~ot now exibt~ng w hernJter m~te. with the
rp~ht to reoeive and reoeipt t6~refor wd app~v the aame tu the iadebtednear ~ecu~ hareby either beture ur Jtet any detsult,
hereunde~, nnd Mott~aQee aisy dem~ad, aue for ?nd reouver aqy suc6 p~yaieate but uh~?I! not bs reyuired w to do, aad (3) ~U
other renta. iasuer and pn,6ta ot the prewisos ln~m time to time aooru~og; Mhether under lewea ur tensnoies auM e:iating o~
here~fter ore~ted, nrer~~ing to Murt~o
r~ hoMever„ ao lon~ ar Morts~ u not in det~?utt hereuader. the ri~ht to reeeive and
retaia the ~ta. isuues and proAta ia oLu,res (1) aad (3) bereia. '
(b) All judQm~ta. ~w~anis of d~na~es ~nd eetllementa hereattee made reuulting irom ooademn~tioa prooe~li or ibe
n
twkir~ ot the premieea or ~ put ~here~ uader the power ot emiaeat domoin, or tor any d~uu~? (whether aa by such
lakin~ or othenrise) to the premisea or the improven~enta thereon or Ray put thereof. or to any n~his ~?ppurten~?t thereto.
iaoluding aqy awani tor ohu~e of grada of atreet~. 11ior ~s hereby ~uthorised. oa behalt ~nd ~n the vawe ot MortgaQor.
to exeoute aad detiver valid soqaittat~oe~ for~ aad to ~?p~trom,a~y suoh judgmenta or swrards. Mort~~gee masy spply i?Il
auo6 sums or any p~rt thoe~~[ go reeeived. ~t1er the p~ymeat a[ al! of it8 expeares. includinR ooats ~nd ~?ttorneys' (~es, oa tha
indebtedaess aeoured hereby in suoh maaner ae it eleots, or. st ib optioa. the enlire w~ount or ~ny part thereot eo reoeived
m~yr be relew~ed. -
se aas~gns
TO aAYl~ AND TO aOLD t6e ~bove gnu?ted und desorib~d premisea to ~iortgagee. ita suooesscus ~nd [orever.
and I?iortg~gor does hereb~ tu~y warrant ihe tille io said land. and w~ill detead the aame agamst the law~tul olsims of aU penwns
whumsoaver; pe~uvided alvaya Efie~t it MortgaRor xhsU pay to Mortqagee thst cert~in prom~exory nole above described and eA~!!
periorm all other eoveaants and oonditions of eaid promissory note, ~nd d anp renewsl, eacteasiun or mali6oalion thereo[.
~ad of this wortgeige. theu this mortg~g~e u~d tbe estste hereDy cre~ted shall oe~ee ~nd be auU and void.
Mortgagor further ooveaante i?nd ag~es with Mortgagee ae toUorvs:
1. To pap a11 sutna iuelud' iaterest aeeured hereby when due. ae provided tor in said promissory note aAd aay reaewal.
RI~8~81U0 O! IUOdlA~IlOp UI~ aad in this mortg~ge. ~U aueh sums to be psysble ia la~rful money ot the United $te?tee ot
Amerio~ at biortga~ee's doresaid prinoip~l otHoe, or at auoh oWec p4oe as Mortqsgee may designate in wrriting.
2. To ps.~~ vehcn dur, and wittwut reyuiring any notice trotn 2liortga~ee. a11 ta~res. ss.,~~sxmwitx ot an~• type or nsture aud
uther ehargex tevicd or ~+~e~xe.l a~?inst the pren?i+eY hernby eneua~hernd and praluoe rea~ipts d~errtur u~x~n demsnd. To
immc~liatefy ps,r• snJ di~d?argc+ any clsim, lieu ur cNUUO~Lrance against suoh pr~u~isc~e which ms,~ be ur lxourne superiur to
this mortgage and to prrmit dcdsult or delinyuenc~ on an~• other lien. encumbraaae or oliar~m a~?in+t such ptemiam.
3. It required by Mortgagee, to alao malce montL~yr depo~ita wilh Mortgag~e, in ~ non-interest. bearing sooouat. together
~vith wd in sddition to intereat and peinapal, o[ s sume qu~~l to one-tMreUtfi ot the yeuly tuee and a~eessments w~hicb msy
" be levied against tha pretnises. aad (J so required) one-4w•elith ot the ye~rly premiums tor mauranoe thereon. The nmouat of
v ~y
suoh ta=es. a+r~essments aud premiuma. when unknorvn. aLsll be estunsted b Mor $uo6 deposita aball be used by Mort-
e~e~ to p~y suoh taxes. asaeasmenta ~ud premiums when due. Anp insul8oienoy ' suoh aooount to psy sueb aharges wLen
due ah•ll be p.id by niort~~
r to I?iortga~ee on demsnd. Ii. b~ reason of aay deta,ult by Mortgag~or nnder aay provwon ot
thia mortgage. biortgagee d-i~lares ~ll auws aecured hereby to be due aad ~?ay~?ble. Mortgegee m~y thea apply aay tunda in
ssid aooount ags~n~E Ehe eatire indebtedness seour+ed hereby. TLe enturceab~Lty ot 1he oovewnta relatiu~ to ta?xes, aRae~smeata
wd iasumaoepremiuma herein otherwise provided shaU aot be affected except in so fu ~s those obligst~ona ha~e been met by
«~mpW?noe ~rith thisparagraph. Mortgagee may trom time to time st its optioa ~vaive, and dt~ any sueh waiver reinstate.
any or 1?ll proviaiona hereof requiring sucb deposits, by notioe to biory~ag~ir in w~riting. W}ule auy suoh ~aiver ia in elleot
Mortgagor shall psy taxes, as~esmeats aad insuranve premiums as ~ee+eu? elsew here pmv~dad.
4. To prumpUy psy All taxe6 end a.~~ments axsc~ccd or tevied under and b~ virtue of any xtete, tcrleral, ur municipal
law• or rc~ulstion herea(ter pass~d, againal 1~lurtgagi+e upun t6ia mortga~e or tl~~ ~IeLt heroby secunYi, ur upon it~ intc~rc~t
under tt?is n?~xtg~r. prt?vhir~l I~uwe~•er, fhst the tutal amount so psid tur aoy such taxc~a pursusnt to thi+ paraqraph together
vrith th~ inter+est ps~~•able on ssid indebtedne,s shall not ezcee+d the high~:t laW ful rste oI intrre.,t in Flurids and pn,~•id~~l
further that in tho e~•ent ot the passs~ro o[ suis such laM or roKulation, lhe entirr indebledneav u.rurcd b~ thi~ nwrt{~e shall
thereupun bea~mo immalistely due and pwyable st the uptiun uf ~furt~ee_ ,
5. To keep the preniisN:z inxurcd againat losx or damage b~8re, the perilg aKainst whioh insunna+ is aRunlcd by the F;xtendecl
(`o~•ersge Ei?dorsPment, and suoh other riskq snd perils ax .lortgagee m if.~ d~cretiun mav r~yuire. The policy ur policies of
such ineursnce ahali be in the form in general use trum tin~e to time m the locality in v?•hiah tho pretnises are situated, Khall
be in suah amount as I?tort~ee may re~nably r~~uirn, aha11 be ~~sued by s oompany nr companies sppro~•cd by Mort-
~;ee, and ~lu~ll a~nlain the 8tsndard Mortga~ec Clauso a-ith lo~es pa~sble to Mort{~agec. R'henever reryuired by \tort~s~~e
xuch puliciea, and at~ectractu and other title ev~dence, xhsll bc+ dPli~•erecl immediatel~ to and held b~ ~~urtgsPee. An~• and ali
smoun4s rcrx~v~d bv riort~auc~ under sny oi such polici~m ms?}• Ix+ applied by 1liortQaRcre on the indebtcxlnes~s w~cunrl hereliv
in such mannar sx ~tort~aReo msy, in itY sole discretion. elect or, at the option ot 1ltortga6ree, thQ cjntire amuunt so receivcyi
or anv part thereof may be rele~ed. \either the applic,tion nor the relc+~+e ot any such amountF shall cure or w•aive an~•
dc~fau~t. Upon exercise uf the po~rer of :cale~ ~en in !Lu ~nurt~age or othcrr acquisitiun uf the oremues or anv ~art then~~f b~
~iorigaqee, such policios, abstraeta shd title evidenoe ahali becume the sbs~lute pruperty ot ~foetg:gee.
6. To &st obtsin the ~ritten oonaent of Mortgegee, guch oonsent to be qranted or withheld at the solE discretion of such
Mortgagee. betore (s) cemuving or demolixhing any building nuvv or hereafter eteeted ua the premis~, (b) sltering the arrange-
! ment, design or atructaral eharwter thereot, (o) maku'~ aay repairx which in~ ulve the removal o[ struetursl puts or t6e expixcure
~ of the interior of such buiWing to t6e elementa. or (dj e:oept for domegtio purposee, autting or removing ar permilting the
i outting wd rnmoval ot any trees or timber on the premises. ~
~ To maintain premisea in good oondition snd repa"st, iaeluding but not limited to the making of sueh repaira ss 1liortgagee
msy trom time to time determine to be neoesesry tor the prese~rvation ot the premises and to not a>mmit nor permit suy waste
~ thereo[. - - -
8. To compl~+ wit6 all lawa, ordinanoea, regulntiuns, covensnts. conclitions and restrictions attecting the premises, and not
E to su~er or permU aay ~ iolstiun thereut.
9. 1f \Iortgagor lsils to E~sy any claim, li~•n ur eneombrance x~hieh is ,u~xrior to thi~c mnrtgaKe, nr, a•hen du~, an~• tax or
a~~ewsmt•nt or in.uranc~ ~rem:um, nr to keep Che p-e~:ei.~s in ri.p:tir, ur il:a!! e~~nuuit ur penuit wa:le. ur if th~•rr be conun~~nc~rl
an~ acliun ur praxr~ling aficeting the pn~mi,ts. or tl~e title th~•reto, or the interc~xt of \lurt~n~r. th~+rein, in~luding, Lot not
limitc~l to, e~r.ment domain and bankrupt~v or rcr~rga~~iaatiun pn,c~~~dinKx, th~~n A[orl~aRee, at its uptiun, may pac said
clairu, lien, encun?brance, tax, a.+~;~~u~ent or prr.mium, with ri~}~t uf xubruKation ihc•ruunder, r.~ay n~ake such rFpairs and
take snch strp~ a+ it dc*~~ms advi~able to prevent or cure .uch W-a.,te, and ma}• appc~~ in an~ .uch aation or procc~linQ and
retain coat?ncl tl~erein, and take auch action th~~rcin a, ~i~irt~age~~ dcx~ms a~h•iwble, and fur anc ~?f :~sid purE?usi.~ ~furt~agcr
ma}• advance xuch sums uf a~un~~•, includiag aU cu,ts, n~.w,rwblc attarne}~'s fe~_c an~l other items of vx~nsc~ a5 ~t dee?us necx~-
sary. ~inrt~ag~x• shall tx: the «~I~ judge uf tt~e Ic~ality, ~~alidit~• and priuritc of si~}• such clsim, lien, encun~braucP, taa, a~u•:s,-
mrnE and premiwn, end ut th~ anrount u~r~~.an• tu 1~ paid in .ati.-fa.~tiun thentif. Jiurt~aRm shall nut 1~ held aocount-
able for sut dela}• in mski~ig su~ surh pacment, N~hieh dt•la~• n+ay re~ult in an~~ udditiunal intere~t, cu.t~, char~,ny or ea~rnse
otherw-u;e.
10. 1liort~or v~ill par to ?4fortga~cr, immedintel5 and without demand, sll sunLw ot inoney advanoed by 114urtgap,ee pur~usnt
to thiy mortgat,n~, ~neludinq all costa, n.~a.M~neble attorne~'s teEn~ and othPr item~ ot oxpen..e, t~~geti~er wlth interest on oach ,uch
ad~•sna~went at the rate of ten per cent. (10',~} per annum, anJ atl such sun?s snd interu~t thereon shall t?e::ecund hereby.
1 t. Atl suma ot munep scrured hemby shall be pay able K-ithuut an~• reGef vrliatever In~m any vsluati~n or ap(xai~einent law•:..
12. If default 1~ masle in ps~•ment c?t anr installment d principa! ~r intereat of ssid note or anv part therc~of wben due, or
in pa~•ment, w•hen due, of an~ other sum secured hereby, or in performance ot any of :41artgaRur~s obligatiu~~~+, cuvenantK or
~ aqr~~e men~r hereunder, all of the indeUtaclnc~s securnd herehy .Ls11 Lecome and t~ inunediately due and patiable at the optiun
of ~iortga~n+e, vithout notica~ or demsnd wiiich are hereby expre~ly w•ai~•ed, in which e~•ent lfortgagc+e may avail itr.elf ut
sll rightc and remrdies, at irh• ur in cr~uity, ar,d this mori{~e may t?e forecbineci with sll rightw and remedies afionlcrl by the
Iaw~x of Florids sad ~lortgaRur shalt pav all coste, charqr3 and expen~rs thereof. including a rea~wnable stturney's fee.
13. If deteult be made in pspment w~hen due, ot sny indebtednesv,iecured hereby, or in perforruanec+ of anp o[ \iurtgagor's
obliAstioux, c~vensnt~ or a~reementa ~ereunder:
(s) l~iort{~aqee ia suthorized at sny lime, without notice, in its wle discretion to enter upon rnd takp jx~w~.ii,n uf
the premis~s or anv pt~rt LhE+reof. to perform any acts ~iurt{Cagce deems nacexyan or proper to conrx~rve the ~~curity snd to .
~y~s oullect and receive all rent~, ixauee snd profits thereot, includinq those pasl due ss ~•eU as th~c secruinA thereatter, and
~ (b) .~iort~age~~ shall~ entiUal, ag s mstter of atrict riqht anJ w~thout rc+gard to the value or occupancy of the ~cecunt~•,
e po
to hsre s recc:iver appu~ntcd o enter u n and take p~~sseKYion of the premi~, wllro/ the rents and prv~fits therrfro?n and app~y
the satne a4 lhe ouurl may dinxt, euch receiver to h.?ve all Uie riqhts and powec~ pcxmittecl under the laNS ot Plurida.
ln eilher such cbre :1lortgaqee or the receiver a~ay aLru take pevea,ion of, and [ur these pu:pa.es use, any and all per.a,nal
~ prop~rty contained in the prem~seK and uscYl by~fort~agur in the rental or Icabir?g t6ercof or sny psrt thFrc~f. Th~ expense
~ (includinQ receiver's feu~, counse! ftrs, c,nts aad agent s wimpen~ation) incurrMi purxuant to the powers herein contained ~;haU ~
~eeurai hereby \iortga~ee shall (atter payment of all cw~ts and expenaer; ineurre~l) spply xueh rents, i.~cues and pro8te ~
reoeived by it on r~e indebtedncxrs aecured hereby in such ~~nler a~ ~lortgaQee determines. 7'he right to enter anil take pos~ion
of said propertv, t:~ roana~e aad operste the same, and tu collect the renta, i~.~u~ snd profits there~~f, w hethe~ by a reeeiver or
otherwuu+, sFu?ll be oumulative to anv othcK right or remecly hcreunder or atforcied bv tsw, ~nd msq be exercised concurready
'i' therew~i~h or ioJependen~ly thereof. ~iortgegee shsll be liable to acoount only for aue6 rente, iaauce ~nd profita aowally reoeived
~ ' by Mortgagee•
~upon e= parte motion ti R~ ? .
~~~,~Y~69 ~a~: 40