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'i'O(iETHE$ WITH all and singular tho tenementa, horcxiitamants and [?ppiirtenanoav the;eunto belonging or in t~ny-
wiso thoreunto npportnining and tho rnnts, issues and protlts tl~ereof, t?nd also all iho c+staio, ri~ht, titla, interest a.nd alt oIaini
and demand whatsoevor, as woll in lau~ a9 ir~ equity, ot I41ort~or in and to tho aamv, inolud~ng but not limitc3cd to:
(a) Ali rant~, pruflte, revenuca, royaltic~, righta and beno8ts dc~rivcx~ fr~m (1) orops grown un s~?id ac~ourit,y and procluo~
so
of th~ soil nthorwiso (2} oil, ~aa or mineral Ic~ases of tbe premis~ or any part tharec~t, naw existing or heroafter n~sdo, K~it}i tho
right to reooivo and roevipt ihereior and apply tha s~?me to the indebtcjdn~ss sooured hc~reby eithor Uefuro or aftar any default
horoundor, and Diortgagee m~+y demend, aue [or and re~covor any suoh peyments but shalt not be rcx~uired so to do, and (3) all
other ronta, is.guc~s and pro8ts of tho premiaea from time to iime aooraing, whethar nnciFr lc~asav or tenanoies now oxist~ng or
horclatter oreated, roserving to Aiortgagor, howover, so long a9 l~iortgagor is not in de[ault hereundc+r, tho right. to roceive and
retain tho ronta, issuc~ and pro8ta in olausos (1) and (3) herein.
(b) All jud~nnents, ~swards of dameges a?nd settleme~ts hereafter ma~lo reaulting from oondemnation prooe«linga or the
iakinA oi iho promi~ ui• ~jy ~,~t tin~s~,i u~~~ibr the po~ar af tniinanL domain, or for ssty dasn~;s {s;~hethsr easus~l by ~~!~h
takin or otherwise) to the promises or the impmvements thoroon or any part therc+of, or to any nglets appurtenant theroto,
inolu~ing any awerd [or ehango ot gredo of atrcv~ts. Mortgagee is h4reby authorizc~cl, on behalt and in tho name of hiortgagor, ~
to exeoute ~nd doGvor valid acquittanc~ for, and to appeal from, any such judgments or awarda. bfortgagee ma npply all
auoh sums or any part thorc~of so raoeiv«f, attor the payn~ent of sll of its oxpensea, inoluding oosts and attorneya' ~ses, on tho
indc~bteclness seoured hereby in auoh mannar as it eleots, or, at its option, the entiro emount or anp pert thorcjof so rc~c~ivcjd
may be released.
TO HAVE AND TO HOLD the sbove graniad end described premisav to Morigagee, its suooassorri and a.~s~gns, forover,
and Mo~tgagor does hereby full n•arrant the titlo to sAid land, nnd ~•ill dQfend tho sama agains4 tho lawlul olaims of sll persoua
whomsot+ver; provicled elwaya t~at if Mortgagor shalt pay to ltTortgagee that aertain promissory nota abo~•u desc~ribad and shatl
porforu2 all other covenants and oonditiona of said promissory note, and ot at~y renewal, extonsion or modi6cation thoroof,
and of thia ruortgage, then this mortgagc~ and the ostate heraby oreated shall ceaso and be null and void.
Mortgagor further ~vent?nts and e,Prees with biortgagt~e as followa:
1. To pay all sums ineluding intorest secvrod hareby when due, as pruvide~d for in said promissory note ~?iid any renowal,
artension or modi8cation thereof ~and•in -this mortgage, all sUah sums to be payable in lnw~ful money of the Unitecl 3tatcas ot
Amc~rica a6 Mortgagea's aforesaid principal o~'ice, or at suoh other ptsoa as biortgagcxi.may designate in writing.
2. To pay H•1~~n due, And n•itliout requirin~ any notico from Rfortgageo, alt taxcs~, assEassments ot any tt•pe or nature an~l
otl~er chc?r~es 1QVied or as.,~ssecl againnt tho preiuisc~c hereUy encumbereci and produco receipts theretur upon demand. '1`0
immecliatc~ly pav and disclisrge an~- elaim, lie~~ or enetimbrance against such promises t+•l~ich may bc~ or becumc~ su~erior to
this rnortgxgu and tu permit no defaalt or'delinquenay on any other lien, ancun~branee or chargf+ against suoh premis~5. .
3. If roquired by Mortgagee, to also make monihly depasits with biortgagoe, in a ncn-interest bearing account, together
with and in addition to interest and principal, oE a sumc~qual to ono-twelfih of the yoarly taaces and assossments whieh may
bo loviecl against thu pre~ises, and (if so rc~qu?red) one-Lwel[th of tho yearly premiums for insurance tliereon. Tha arnount of
suoh taKCjs, assPSSments snd premiums, a•hen unknow n, shall be estimated b~y biortga~ee. 3uah doposits shall bc~ used by D'Iortr
~,agee tu pay suah taxcjs, asses.sments and premiums when duo. Any insufl3ciency ot such secount to pay such oharges wj~en
diie sht?li be paid by ltiortgagc~r to Mortgagee on domand. If, by reason ot any default by Mortgagor undcr any proyision of
this mortgage, Diortgagoe declares all sums secured hereby to be duo and payable, Mortgagee may then apply any funds in
said account against tha entire indebtfx3ness scjeurecl hereby. Tho onforceability of the covonants rel~ting to taxa~r, assc~ssments
and insuranee premtums heroin otherrsise provided shall not be st~eetcid exeept in so far as those obligations have been met by
eomplianoe with this paragraph. Mortgagee raay trom time to timo at its option waive, and atter any auch wai~~er reinstate,
~ a~iv or all provisions hereoi requiring suah deposits, hy notiee t~ Mori~agor in writing. Whila any such waiver is in effeot
Diortgagor shall pay taxes, ass~ssinents and insurance premiums as herein elsewhero provided.
4. To promptly pa~~ all tarc~ and assessments a.~.ses~ecl ur levied under and by t•irtuo ~f any state, fcxieral, or munieipal
law or regulatioii hereafter pa~ecl, agxinst Mortgagec~ upon this mortgage or the debf. hereby sc~eurecl, or upui? its interc~t
under this mortgage, provide<I however, that thn totsl amount so paid for any such taxes punuant to this paragraph together
with the interest payahlo on said indebtedne~s shall nut. excec~i tho high~6 law•ful rate of interc~st in Flortda an~i pruvided
further that in tho event of tho passage of any sueh !aw• or rc~ulat:nn, tho entiro inclebt~cinek~ ~cr.iireci b~• thi, mortgage shall
theroupon becomo immediately dua and pt?yable at the option of ,1lurtgage~e.
5. To keep the premir,~s insuredag ainst loss or damage by fire, windstorm and suoh other hszsrds as may be required by
biortgagoe, in [orm and amounts satisfactory to, and in insurance companies approvc+d by Mortgagee, iha policies fur which :
, insuranee shall be payable to Btort,gagee. 8uah polioiss, and abstraats and othor title evidence, shall be delivored to and held
by hiortgagee. Upon foreclosure of this mortga~e or other acquisition of tne premises or any part thereof by Riortgagee, said
pohei~, absGraots and title evidenee shall beoome the absolute pmperty of biortgagee.
6. To first obtsin tha written consant of I~iortgagee, such consent to be grantad or withheld at bhe sole disoretion of such
Mortgagee, bef'ore (a) ren~oving or demolishing any buiiding noR or hereafter erootod on the premis~s, (b) altaring the arrange-
mont, d~$n or struotural oharacster thoraof, (o) making any re(~aus which involve the removal of atruotural pa_*ta or the oxposure
of the intenor of such building to the elements, or (d) except for domestia purposes, cutti~ig or removing or permitting the
cutting and rtjmoval of any frees or timber on the premises.
7. To maintain premises in good condition and repair, including but not limited to the uiakeng of sueh ropairs as biortgagee
° mav from time to time determine tv be neess,,aary for tho presc~rvation of the premises and to not commit nor permit any waste
thereof.
8. To compl~ with sll laws, ardinance~s, regulations, covenants, conditions and r~trictiona affeating the premises, and not
to suger or permit any violatiou thereof.
' 9. If hiortgagor faits to pay any olaim, lien or encumbranee whioh is superior to this mortgage, or, when due, any taa or
, assessment or ~nsurance premium, or to keep Lhe premises in renair, or shall commit or permit waste, or ~f thera be commenced
any aetion or proceeciing affecting the premises or the title fheteto, inctuding, but not limited to, eminen+ domain and bankruptcy
or rcjorganization proceedu~~s , then Mortgagee, at ita option, may pay said elaim, lien, encumbronce, tax, assessment or premium,
with nght of subragation thereunder, may make suoh repairs and take such steps ag it deems sdvisable to prevent or oure such
waste, and may appear in any such action or proceeding and retain counsel therein, and tske suoh netion tkerein as Mortgagee
deems advisable, t?nd for t?ny of said purposes I~Sortga,gee may advance such sums of money, inoluding all costs, re.asonable
attorney's fees and other items of expense as tt deems necessary. 1lfortgagee shall be the sole juclgo of the legsiity, validity and
prioritp of any saeh elaim, liere, eneumbrance, tax, assessment and premium, and oE the amount necessary to be paid in satis-
faetion thereof. l~iortgagee shall not be held acoountable for any delay in making any such payment, which delay may resu[t in
anp aciditional interest, costs, ohargos or ezpense otherwise.
10. A'Iortgagor will pay to Mortgagee, immediately and without demand, all sums of money advanced bq biortgagee pursuant
to this mortgage, including all costs, reasonable attorney's fces and other items of eacpense, together with interest an eaoh such
advancement at the rate of ten per cent. (10%) pc+r annum, and all auch sums and interest thereon shatl be secured hereby.
11. All sums of money secured hereby shalt be payable without aqy relief whatever irora any valuation or appraisement lawe.
12. If defautt be made in paymenL of any instaltmen6 of principal or interest of said note or an~ part thereof w~en due, or
' in payment, when due, of any other sum secsured hereby, or in performance of any of Mort~agor s obligntions, covensnts or
agreements hereunder, sll of the indebtednesg secured hereby shall become and be immediately due and payable at the option
of hZortgagee, without natice or demand which are hereby expressly wsived, in whiah event Mortgagee may ~vail itself of
all rights and remedies, at law or in equity, and this mortgage may be forecs:osed with all rights and remedies a~orded by the
laws of Florida and Mortgagor shalI pay aU costs, charges and expenses thereof, including a reasonable attorney's fee.
13- If default be made in pa~yment when due, of any indebtedness secsured hereby~ or in performanee of any of Diortgagor's
obligations, covenanta or agreomenta ~ereunder:
(a) Diortgagee is authorized at any time, withouL not3ce, in its sole discretion to enter upon and take possession of
the premisc~ or any part thereof, to periorm ariy sots Mortga~ae rleems nacessary or pmper to conserve the seaunty and to
i collect and~eceive all rents, isaues and proSts thereof, includ~rig those past• due as well as those socruing thereafter, and
_ (b) Mortga+gee ahall ba antitled, as a matter of stricf, right and without ard to the value or oc~aupancy of the security,
oa
i to have a receiver appointecl to enter upon and tske posses.gion of the premis~, vo leat the rents and profits theretrom and apply
the same as the court m~sy direat, such rocoiver to havo all the rights and powers permitted under the laws of Florida.
~ In either sueh case Mortgageo or the receiver may also tdke possession of, and for these purgoses use, nny and all personal
' property contained in the premises and used by Mort~agor in the rental or le~sing thereof or any part thereoE. The expense
(including r~cieiver's fees, connsel fees, oosts and agent s eqmpensation) ineurred puraue?nt to the powers herein contained shall
be secured hereby, hiortgagoe ehall (after payment of all costa and expen.9ea inauned) apply suoh rents, issues and proSts
ea
' received by it on the indebtedness secured hereby in sueh order as 1Vlortgagee determines. The right to enter and tako possession
' of said propertv, to manage and op~rats the same, and to oolleat• the rents, ?ssues and pro@ts ther~~ot, whether by a reeeiver or
otherwise, ahall los aumulative to any other right or remody hereunder or afforded by law, and may be exereised concurrently
therewith or independently thereof. bZortgagee shall be liaLle to acoount only for suoh renta, issues and pro8ts aotuatly reoeived
by Mortgagee.
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