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+ TUGF:TI[l~;K WITIi ~ll a~t din~~lar tho tanementrr heroditaa~onta and appe?rtonannc~3 therounto bolon~ing or in any-
` wiso thc~rc~uiitu n~,portnining ~~d tho re,nts, issuay eud protits tho~cwt, nnd alsu all tho c~tAto, right, titlo, inl~res6 i?Ild t?ll alaiTri ; ~
and damnnd w•hetaoovor, ~ woll ii? lnw s.~ in c~quity, u[ A'Iorlgn~;ur in n~id W tho sam~~ inclu~tin~ but not timited t~~:
(u) A!l r~nta, prufl4q, rovonuav, royaltiay, right~ t??id Luur~tity ~icu•~vocl trau~ (I) orops g~own on bnid seourity an~l produCo
. , of tho svil uthorwiso (2) uil, ~nas ~n ~ni~~crul lustsas ut tLo promises or any par6 thoreof, nuw uxislin~ ur hor~after ~»ntlv, with tho
ri~l~t to reooivo nud re~ceip6 tharofur snd appty tl~u ea~uo to tho indobtatno~ sociurcxl hor~by oitlier 1x~toru ur uttc~r teuy dofault~ , t.
. li~roundsr, and 141ortgur;ne ~nny ~temand, suo [or and recuvor any sueh paynionts but shall no~ bc~ roquir~~t so tu ~lu, and (3) all
uUior renta, is..ua3 and proAta ut the rro~ni~;ay froin timo tu liwo nccru~ng, ~vhoihur under lot?so.v or t~nnnoios nuw exiytiug or
horeaftor eroat~ct, ro.ujrvinp~ ta rfurt~
~or, howoYt~r, so lung a, hlortgtu;nr is nut in dcsfaull. heroun~ler, tl?H ribl~t lo roCOlYO And
~ rotxiu Uio ronts, IHyUt1S Alll. pl'Uftlti ltl OINUS0.9 ~1~ AIU~ (3~ ~ll~[t3111.
(b) All judginonts, Awnrde uf dama~;ua and s~tttun~c~nts hc~rcv+ftur mado rosulting trom aan~ienu~alion procecdinb~ or tho
~ taking of tho prou~isay ur any par6 thorcwf ut~d~r thu puwor ot uminent damain, or [ur any daiungo (whc~U~or ci~uss~l by sueh i t
' _ taking ur oth~rwisu) to tho prumises or Lhe improvumonta thorcrun or any pnrt, tho~cot, or to any riRhls appu~lenant ~l~oruto, ' r
including any awanl for uhango of grtuto u[ strouts. Murl{;a#>,~~ is ttt~ro Ly aalhorizad, an bohalf anil iu tho nsmo ot ~3urlgagur, s
•.to oxoouta and doliver valid ac,~~uitta~?ew tor, tttil~ tU AnpC~ t trom, any suoh judgino~ita or awanla. ~tort~;t~ca ntpy apply nit
~ suoh auina or any part theroat su reec+ivod, AIICC lll0 j)A~'U1611L OI AII Of ita ox{wnsey, inetuding cusl:~ aua ntturuoys' feos, on ttio
~ indobtecli» seoural homby in bueli »>annor as it c~leots, ur~ at its uptiot?, tho ontir~ nniuunt ur any pnrt ~l?eronf so roc;~ived '
~ ~ inny bo r~le~ao~l.
TO 1[AVE AND TO iIOI,D the abovo grs.ntecl a~id d~orib«i promi~t~v to Mortge?~es, its succ~.~so~v anct atisigne, forovor~ , fi
v
~ and Martga~or doay hc~roby tuUy warraat tho titla tu said lancl, and ~~ili clofef~d tlio snmo ngainst tho lawful clnin~s of All ponqns . ~
whom~oovc~r; pruvidcxl alway3 tl~st if Mortgagur sLsll pay to 1liortga~;co thnt certain proiui~socy nota nl?ovo deseritx~cl nnd ehall " `
. porturm sU olher covenants and oonditiona uf said proroissory nuto, a~id o[ any rer~a~~~Al, oxtrnsion or niudification tt?orool, ~
+ nnd of t,hie nivrtgagcj~ then this mortgage snd tho estalo heraby ~r~?tal slie?ll ecu~so and tx~ null and void. ~
' ' rfortgagor furthor covonants and sgr~ wilh Murtgngoe as folluwa: " ' •
lF;t 1. 'Po pay all sums including intflrest sc~ourocl heroby who~i due, eu~ providoci for in said Nromissory nute nnd uny renowal f~+
f.' , extension or mali8cation thoreof and in this mortgaga, all suoh su~ns tq be payable in lnwtul monc~y of the Unitcxt Statos o~ •
~ t ti;,.. Amoriaa at Mortgagoa'y atorwnid prinoipal oflice, or at suoh other plaec~ as Mortga(;eo,u~ay dc3signatu in writing. , ti t
~ 2. To pay whou duu, and ~•ithout r«~uiring any nutico from biortgngoc?, at1 tax~s, asacusmo~~t~s of uny f,ypo ar naturo and ~
f; otlior ol~atgi~s lovicxl ur uss~ssoet ngainst tLo ~ren?i~es t~er~by encunillerod an~l prucii~ee r~ec+i~~ts ttiece~tur upon iloinand. To • '
~ , immediatuly pay and discl?argo any claim, lieu or c!~cumbm~~cu ngainst suoh proniisea wLiah mny bo ur bcwonio saporior to '
1~ t. this tnurtguge and tu p~rmit no dofautt ur detinqueney on any other lien, onou~ubrnnce or ehnrKo ngainst suei~ prauisos.
" ' 3. If requirod Ly Mortgagee, to also make ~nonthl do siis ~vith 14ior
Y po t~ ageo, in A non-intorest bearing nccount, together
~ i: with and in addition to interost and prineipal, oE a sunic~c~u~al to oncrtwolttfi o! Lhe yanrly taxe~ and assossnionts whioh may ~
; 4 ; : _
. be levied against tho promisos, And (it eo requirecl) ono-tweltth of the yearly premiums tor insurance thoroon. Tl~o amount ot
ss
;1 ° suoh taxc~s, asscissmonts and premiums, whon unknown, shnll bo cr.vtimalad b Mortga~oe, Such doposits shal! be usec! by Mor~ " •
~ i`' ~ti ~ ga~ee to pay suoh tax~s. assass?nonts and promiums whon duo, Any insu~cienay of suoh account to pay suolt ohargos whon
due shall be paid by hiortgagor to Mortgagoe un demaud. I[. by roasun ut any defsuit by Mortgagor under any provision ot . f
.3 . thia mortga,ga, Mortga~ee~ doolaras ail sums soour«! horoby to bo duo and payable, Morcg~oe ~nay tl,en apply eny [unds in ~
snid acx~ount againat the entire indobtcxlnoss secur«1 horaby. Tho onforcoabili6y of tho covonants rolnting tv taxes, assessments
• ~ and inauranoe premiums herein othorwiso providai st~all not ba at~octat excopt in so far as thosa obtigatiuns havo bcon mot by •
S:'• ` complianee with this paragraph. 1ldortga~cje may trom time to timo a4 its option waive, and A,ftc~r any suoh waivor roinetnte, `
1;~'; ~
any or all provisions horeof requiring suoh doposits, by iiotics to Mortgflgor in writing, While any suah wniver ia in effeoy l
` Mortgagor e6e11 pay taxes, assvssuionts aad insurance premiurns as horoin alsowhere providod. '
4, To rotn t1 t t'';i
i t ts P P Y PaY al! taxes and essessnzelits assesscxl or levied ureder and by virtue of any etnto, f«leral, or munieipal i
~
law .or regulation l~ereatter passed, a~;ainst ;bfortgageo upon tl~is mortgngo or the dabt lieroby securcxl~ or upon its intarest
un der t his ~iiortgaga, providccl however that tho totat aniount so uid for an such taxcs ursuant to tlus
+~;',-~:~~r . P Y P ~rng~apii togather ' . ' ~
; . , wit6, tho iu~er~st ~a.yable on snid indobtedness sl?all not oxce«I tlio hi~hest lawPul rs?ts of interost iii Floricla and rovided `
~S turther that iti tlie uvent of ttie passago of any such law or rc~ulntiuu, tho entire inciebtednoss securc+d b this mor p t'. ~:.;:.:,~1
< i ? : ; . thnreupon becomo i~nmedistely due and payable at tlio uptiau of rlortgng~v~, y ~~o shall ; i t 'i - ! . , '
~ ; : •
f~''~'~ , b. To keep tho premises insuredsgainat loss or damage by tire, windstorm and suoh othor hazards ag may be required by~"
i..~~.:_: r .~r': •.~1:
; _ Mortgagee, in torm and amounts satisfacstory to, and in insuronce companies spprovecl by Mort~a ee, the polioies for whieh : i~ E
j~ ; ~ ~ . : f ; . ~ • i
insuranco ahall be payable to Morto a
gee. $uch policiss, and ahatraots and other Litlo evtdetice, shal be delivereci to and held i•
i+,:....~, b Mor
y tgagec?. Upon foreolosure of t his mortgago or olher acquisil•ion ot the preiuises or any part thereof by Mortgagee, said ~c
k :
i : ; pohoies, abstraots and title evideace shall become the absoluta propurty ot Mortgagee. ~ s
f=;` '=~.a 8. To Srat obtain tho written consent ot Morcgagc~e, suoh consent to be granted or withheld at the sole disaretion o[ auoh
` j~'' 1` Mortga,gee, beture (a) removing or demolishing any bueld'eng now or horeaftsr ereated on the premises, (b) altering the arrange-: i'~
~t . F
S;~ i..~; ment, des~gn or struotural oharaoter thereof, (o) ma
king any repairss whioh involve tho removal ot struotural p~rts or the exposure
'.t} ~S . _ , ; ; ' • • ot tho interior of euch building to the elenioats, or (d) except [or doutestia purposes, outting or removing or permitting the ; ~ ~
° ~ ~ - ~ ~ ~ cuttiag and removal of any trees or timbsr on the premises. ' : ~ ? ~ { ; ~
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7. To maintain premises in good condition and ropair, inoluding but not limited to the msking of suoh repairs as Mortgages ~
may irom Lime to time determine to be necessary for tha preservation o! the premises and ta not oommit nor permit any waste °.1 ;
: ~ ~r ~ ~ thereof. . ' '
. : ~ ; '
E,;~~': ~~T.~; 8. Ta compl~ with ali lawa, ordinanees, regulations, covenants, conditions and restriationa affeating the premisos, and not f'j,~
; i ! . , . ' ; . : W euffer or permit any violation thec~eof. . ' • ' ~ • ~ t = ~
• ~ ~
9. If Mortgagor fuils to psy any olaim, lien or enoumbrance whiah ia auperior to thia mortgage, or~ when due, any t~uc or~;~~
r;;~;-"~'~ t?sssssment or insuranae premium, or to keep the premisc~s in repair, or shall commit or permit waste, or it there be oommenced t_;;
~t F,.' ' r;' any aation or procoecling affeol,ing the premises or the title theteto, including, but not lunited to. eminent domain and bankruptoy
F t s;•;;.; or reorganization prooeedings, then Mortgagee. st its option. may pay said ataim, lien~ encumbrancs, tax, assc~ssraent ar premium, t~``
with nght ot subrogation thereunder~ may make sueh repairs and tt?ke euch steps as it deems advisable to prevent or aure sueh i~
° waste, and may appoar in any such aation or proceecling and retain counsel therein~ and take auoh aotion therein as biort,~a~ee , _
e
i f i.~ ' decjme advisable, and for any of said purposes Mortg~ee may sdvanee suoh sums ot tnone~, inoluding all eosta, reasonnble
t T' 1 - ' attornay's tees and other items of expense as it decjms necessary. I~iortga~oe shall bc~ the sole ~udge of the l~gality, validity and ' 1
priority oI any such elaim, lien, eneumbranee, taz, assessment and prenuum, and of the ainount necessary to be paid in satis- x;
s~;:`~ taotion thereof. l~iortgagoo shalt no4 be held aecouatabla for any delay in msking any euoh pnyment, which delay may result in
i' ~ nny a dditiona! interest, costs, charges or expense otherwise. ` '
1 st; 10. Mortgagor will pay to Mortgagee, immediately aiid withuut demand~ all sums of money edvanced by Mortgagse pursuant t~,, ,~i
4`, t to this mortgage, ineluding alt costs, reasonable atGornoy's tees and other itema of expense, togelher with interest on eaah suah ,,?<<~.'
sdvar?cement at the rate ot ten per aont. {10%) per annum, and all such sums and interest thereon shall be secured hereby. ~
11. All aums o
f mono secured here
b s h e?
ll be a a
ble wit
hout an reliet whatever trom nn valuation or a t~
_ : : , ,
Y Y P Y Y Y PPraisertient lawe. .`.t f+,
t;'~ ; y: ; 12. If default be made in payment of any installment of principal or intereat ot said note or an~ part thereot w~en due. or
e
: 1,,•, ' in paymont, when due, of any other eum sec~ured horeby. or in pedormance of an~ of Mor agor s obligntions, covensnts or ' s.;
' j' agreements hereureder, all o[ !he indebtedness socured hcueby shall bocome and bo ienmediat,~+ y due and payable ~t the opEion ; 1;
: ot Mortgagee, without no~ice or demand whioh are hereby expros~ty waived~ in whiah event Mortgasee may a~ail itself of ;
i: t' all rights and remeciies, at law or in equity, and this mortga~ga rnay be loreolosecl with al! rights and romedies atYor~led by tha. ~
4;,~_'', lews ot Florida and Mortgagor ahall pAy all cost~, vharges and expenses thereof. inoluding a rea.sonable attorney's fee. ~ ;
3,. t` ~ • 13. If detault be ~uade in pAyment when due, oP uny indebtedness secured hereb
y, or in performance of an y ot Nfot t
g a gor's
* ~ } ' r ' obliguttori~, oovenanta or agroemente ~ereunder: 1 . ~ `i
~ f ~ ; . : _ . ~ (e) Mor
tgagae is authorized t~t sny time, without noiice, in its sole di6oretion to enter upon and take possession oi ~
the prem~ses or any part 6hereof, to perform any acls Mortga~ee dcema nece~sary or proper to oonservo the seeurity and to , i~
' oollecst ~?nd receive e~l[ rents, issues and pro6ts theroo[, including those pasc due as well as those aocruing thereafter, and -
~
~i
• i` (b) hia r t
g a
g e e s h s U b e e n t i t t e d, a s a m a t t
e r o f s lri o t rig l~ t an d ;~i t hou ttegar d t
o t
he va
lue or occupancy o f t he secsurity,' `~'j',
` to h#ve a reoeivor appuintcxi to enter ugon and take possossion of the premisee, oolteot the rents snd proflts thsrofrom andsepply r ,
:~ji ;;.;.*'~i s,~ ' the same as the courL m a
y direct, auoh receiver to have all tlie rights and powers permitted under tha lawe uf r lorida. r;~
In eit her aue h easa Mortgs~oo or t lio reaoiver raa a lso t a
ke y persona( ~~.~i T•~
y posseasion o f. and tor t hese purposes use, an and all .
l 1 4 • p r
o p e r t
y c o n t
a i n o c i i n t h e p r e m ~ s e
s a n d u s e d b
y M o r t b a
g
u r i n t h a r
e
n t a
l o
r` l e
a s i n g t h e r
e a f o r a n y p a r t t h e t~ o t. T h e e
a p t~ n s e ~ 1 ~
(tncludtn g receivar'b teaa~, counsol tce~, «~sts an d a
gent's com p o~ i s at i on) ine u r r e d p u r
s u a
n t W t, h e p o w e r s h o r e i n c o n t a i n e d s h s ll
be socured hereby. Mortgagee ahalt (after p~?ymant of all costs nnd expenses inaurrod) epply suuh re~?ts, isgues and profite
; ~ Z; t; receivod b it on the indobtectness s~~cured hereb in suo}i order a.s Mor ' F'- r
y y tgagee determinos. The rtght 4o enter t~nd take possession . ~
~`3 ' o t s a i d p r
o p e r ty, t
o n i n n a~
e a n d o p e r a t e t
h e s a m e, e
n d t o co l lec t t he ren t
s, issuas and pro t
i t
s t hereo f, w hot her by a receiver or c~ ~
` r 1', o t
h e
r w i s o, e h a l i b e a u m u la t
ave t
o a
ny ~o t her ri g h t~ or ren~ c
x l y hereun der or s t
tor d e d b
y law, nn d ma
y b e exerc is e c i o o n o u r
r
e n t 2
y ~
s? therowith or iudependently thereot. Mortgag~ee shall be liable to acaount onty [or suoh renls, issuos and pruflts aatually reoeived
~ . by Mortgagee.
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