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TOGETHER \~'1T2-I all and ~ingula~ thr tenements, he~editamrnts and appurtcnanc~s thrrcunto lxlonginS or in an~•wisc
theceunto appesta4ning and the rent~, is~ue~ and profiu thereoi, and also all th~ c~tate, ~ight, titlr, in[ereat and all claim an~l
demand whatsoeve~, as weU in law as in cquily, oE the said riortgago~ in and to the s~mq inrludinq but n~t limitcd to:
- (a) AU ~ents, profite, ~evenues, royalties, fights and bcne(its deri~•cd (ron~ ( i) crops grown on said secu~ity and pral~icc
of thc wi! otherwisc (2) oil, gas o~ minetal Icases ot the premises or any part the~eof, notiv existing or he~tina[ter niade, and i
(3) all other rents, issues and 'profits of tho p~emises trom time to timt accruing, whether under leas~s or ~enancies now existing
~ oe hereafter created; in eaeh such case with the ~ight in the 1ltortgaget, but only at its option, to rccei~•e ancl receipt there,or
and to apply thc sam~ as it may eltct to any indebtedness secur~d A~reby, and the riortgagec, at its option, may tlent:tntl, sur for • -
and recover any such paymenb, reseR•ing to the Mortgagor, however, so long as said Iltortgagar is not in detault t+ereundec, the
right to r~cei~•e and retain such rents, iuues and profits. ~ •
(b) All judgments, awards ot damages and setdements he~ea(ter made as a result of or in lieu ot- any tal•ing of the
premises or any part ther~oi unde~ the power of emineot domain, or for any damag~ (wheth~r causrd by such taking o~ otherwise)
to the premiscs or the impro~tments tfiereon or any pa~t thcrcof; such part oi any such judgmem, awarcl or scttleme~it, as the
. Mortgagee may elect to-be applied to the indebtedness he~eby securrd and the balanc~ thcreof, ii ~ny, to br reser~•ed to the
party or parties otherwise entidcd thereto. - .
TO tiAVE AND TO HOI.D the above granted and described premises to the said 1ltortgagee, its successors and auifins, ;
forever, and the said I~fortgagor do~s hereby [ully warrant the title to said land, and ~~•ill detend the same a3:?snst thc law[ul
- claims of a11 persons whomsoe~•er; pro~~ided always that if \fortgagor shall pay to ;1lortgagee that certain promissory note abot•e
described and shall pertorrn all oth~r cov~nams and ronditions of said promisso.ry note, and of any rene~val, extcnsion or modi-
~ fication thercof, and of this mortgagq then this mortgage and the est3te hecehy c«ated shall cease and be null and ~•oid.
1ltortgagor further covenants and agrcts with \~ortgagee as !ollows:
l. To pay all sums including interest secured hereby when dae, as providcci for in said promissory note and any renewal,
extension or moclification thereof and en this mortgage, all such sums to be payable in lawful maney of the United States oE
Amcrica at ~tortgagec s aforcsaid printipal o[fice, or at such other place as Afortgagee may elesignate in writing. '
2. To pay when due, and without -equ~~:vq any notice from :~io~tgagee, all taxes, ass~ssments ot any type or nawre
and other charges le~•ied or asseued against ti~e premi~-s hereby enr.umbered or any interest of \iortgage thcretn. To immediately
pay and discharge any c{ai~n; lien or ~ncumbranee ag:+.~ct such premises which may be or become superior to this mortgage and ~
to permit no default nr delinquency on any other lien, encumGrlnce or charge against such premises.
3. If required by Atortgagee, to also make montt?ly depo•i1s with \iortgagee, in a non-intcrest ~e~ring account, together _
with and in addition to inte~est and principil, o( a sum equal to one-twel[th o( the pearly taxes and assessments which may be
levi~d against the premises, and (if sa required) one-ttiti-elith of t}.e ~•early premiums for insurance therron. The amount of such ~
- taxts, asseuments and premiums, when unknown, shall- be csti~.~atcd by ~fortgagee. Such deposits shal) be used bq Mortgagee
to pay such taxes, assessments and premiums Nhen due: - Anv insufficiency of such account to pay such charg~s ~vhen dur shall ~
be paid by l~fortgagor to_ ~tortgagee on demand. If, by reason of any defaalt by rtortgtgor under any pro~ision of-this mort-
gage, 1lfortgagee dcclares all sums_secured hereby to be due and pa}•able, `lortgagee may then appty any iunds in said account
against the entire indebtedness secured hereby. The eniorceability of the co~•tnants_relating to taxes, assessments and insurance
premiums herein otherrcise provided sha11 not be affected except in so far as those abligations ha~•e been met by compliance with ~
this paragraph. Tlortgagee may from time to time at its option ~+ai~c, and after any such waiver reinstate, any or all pro~•isions
hercof requiring such deposits, by notite to rfortgagor in writing. 1i'hile any such ~vai~•cr is in elfect ~tortgagor shall pay taxes, ~
asseuments and insurance premiums as herein elsewhere pro~•ided. _ _ _
~ 4. To pay all taxes, stamp tax or other charge which may be assesscd upon this mortgage, or s~id note, or indcbtcdness
secured hereby, without regard to any law, Federal or State, herrtotore or hereafter enacted, imposing pa}•ment of all or any~ _
' part thereo( upon lfortSagee. In . eeent oE enactment of any i3w imposing payment of a11 or any portion oi any such taYes upon
Aiortgagee, or the rendering by an}• court of last resort of a decision that the undertaking by ~fortgagor, as herein proti~ided, to
pay such tax or taxes is legally inoperativr, then, unless :~iortgagor nevertheless pati~s such taxes, all sums hereby secured, without ~
any deduction, :hall at_ the option of \iortgagee become immediately.due and payable, notwithstanding anything contained herein
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or any la~r• heretof~ze on c~reafter enacted. - _ _ s
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S_ To keep t}~e premises insured against iocs or damage by fire, windstorm or extended co~•erage an~3 such other hazards as ~
may be required by \iortgagee, in (orm and amounts satistactory to, and in insurance companies appro~•ed by Tiortgagee, and xith ~
acceptable mortqagee 2oss psyable clauses attached. Such policies, together with such abstracts and other titlr e~~idence as may - ~
. be required by ~fortgagee, shall be deli~•ered to and held by Iliortgagee without liability. Upon foreclosure of this mortgage or
other acquisitior. o( the premises or any part thereof by Aiortgagee, said policies, abstracts and title e~•idence shaU become the ~
a6sulute property o( ~fort¢agee.. . _
6. To first obtain. the w7itten consent of riortgagee, such consent to be granted or withheld at the sole discretion o( such ~
. . Aiortgaeee, bcfore (a) icmo~•eng or demolishing any building r?ow or hereafter erected on the premises, (b) altering the arrange- - q
~ ment, desi¢n or structural character thereof, _(c) making any repairs_ which invol~•e the removal ot. structural parts or the ;
exposurc of the interior of such building to the elements, or (d) except for domestic purposes, eutting or removing or permitting ~
the cutting and remocal of any trees or timber on .Se premiscs. _
7. To maintain premises in good condition and repair, induding but not limited to the making of such repairs as \fortgagee -
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may from time to time determine to be necessary for the presen•ation of the premises and to not commit nor permit any ~.~aste thereof. - }
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8. 'Ib comply ~vith all laws. ordinances, regulations, co~•enants, conditions and restrictions affecting~ the pzemises, and not ~
to suffer or permit aay ~•iolation thereot. `s
- 9- If I~tortgagor fails to pay any claim, lien or encumbrance which is superior to this mortgage, or, when due, any tax or
assessment or insurance premium, or to keep the premises in repair, or shall commit or permit waste,- ar if there be commenced _
~ any action or proceeding atfecting the prcmises or the tide thereto, then tifortgagee, at its option, may pay said daim, lien, encum-
= brance, tax, assessment or~ premium, with right of subrogation thereunder, mav make such repairs and ~ake such steps as it dcems
advisable to prevent or cure such vcaste, and may appear in any such action or proceeding and retain counsel therein, and take
such action therein as I~io.*tgagee deems advisable, and for any o[ said purposes Afortgagee may ad~•ante such sums of money,
induding all cose~, fees and other items of expense as it deems necessary. I~tortgagee shall be ~he sole judge ot the legatity,
_ validity and priority of any such claim, lien, encumbrance, tax, assessment and premium, and ef the amount necessary to be paid
in satisfaction thereot_ ??~ort,qagee shall not be hedd accountable for any delay in making any such pay~rnenE, .vhich delay may -
result in any . additional interest, cost, charges or expense oth~rwise. .
l0_ Mortgagor wiil pay to Aiortgagee, irnmediately and without demand, all sums_oi m~ney adeanccd by Zlortgagee pursu- - j
ant to this mortgage, together with interest on each such ad~•anceinent at the rate of ten per cent. { 10Hc ) per annum, and all - . ~
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~ such sums and interest thereon sha11 be secured hereby. _ _ '
1 l. All sums of rr,oney secured hereby shall be payable without any relief whatecer from any ~•aluation or appraiscment laws.
b.
- 12. If de(ault be made in payment of any instalment oE princigal o~ interest of said note or any part thereof when du~, or
€ in payment, when due of ar.y othe: sum secured hereby, or in pciiormance of any of bfortgagor's obligations, covenants or
agreements heteunder, aJl ot the indebtedness secu-ed hereby sha11 become and be immediately due and payable at the option of
_ Morlgagee, without notice or demand which are hereby expressly waived, in which e~•ent Afortgagee may avail itsell of al) rights
and remedies, at law or in equity, and this martgage may be Eoreclosed with a11 rights and remedies afford~d by the faws of
Florida and biortgagor shall pay all costs, chargu and ezpenses thereof, induding a reasonable attorney's fee_
- ~ ~ Bo~K 23~ PAGF ~328 _
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