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Home My WebLink About0562 ~ ~i. LUCI[ COUNTY. FLA. under~) of parajf!'aph 2 prec~ing shall not be sufth:lent to pay ground renta, taxes and assessments and inaurance rremiuma, as, the cue may be, when the same shall become due and payable, then the mortgagor ahal pay to the mortgagee any amount neceaaary to make up the deficiency, on or before the date when payment of such ground renta, tuee, aaaesarnenta, or insurance premiums shall be dUe. If at any time the morta"aaor shall tender to the mortgagee in, accordance with the provisions of the note secured hereby...full payment of Ule entire indebtedness repreeented thereby, the mortgagee shall, in com- puti~ the amount of such indebtedneu. credi,t to the account of the mortgagor all parments made under the provi.ion. of (4) of par-.craph 2 hereof which the mortgagee has not become obhgated to pay to the Federal Houaiq Commiuioner and any balance remaining in the funda accumulated under the provisions of (b) of said paracraph 2, If there shall be'a default under any of the proviaiona of this mortgage, reo- aultina iV public sale of the premiaee covered hereby! or if the mortgagee acquirea the proper:ty other- wise after default, the mortg~ shall apply, at the tame ()f the commencement of such procet'dmgs or at the time the property is otherwaae acquired, the balance then remaining in the funds :lccumulated under (b) of paragraph 2 precedin",as a credit acainat the amount of principal then remaining unpaid un(!er said note and ahall properly adjuat any paymenta which ahall have been wade under (a) of 5aid paragraph. 4. 1'Ifat h~ will pay all taxea, aaaeumenta, water rates, and other governmental or municipal charges. finea, or impositions, for which provision has not been made hereinbefore, and in default thereof the mort- gageemay pay the same; and that h~ will. promptly deliver the official receipta therefor to the rr.ortgagee. 5. That he will permit. commit, or suffer no waste, impairment, or deterioration of said property or any part thereof; and in the event of the failure of the mortgagor to keep the buildings on saio premises and those to be erected on said premises. or improvementa thereon, in good repair, the mortgagee may make such repairs as in ita diacretion it may deem necessary for the proper preservation thereof, and the full alftount of..wu:h and every auch payment shall be immediately due and payable, and shall be secured by the lien of this mortgage. 6, That he-will pay all and singular the f08ta, charges, and expenses. :ncluding reasonable lawyer's fees. and costa of abAtracta of title, incurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor promptly .nd fully to perform the agreements and covenants of said prom- issory note and this mortgage, and said costa, chargee, and expenses shall be immediately due and pay- able anuball be secured by the lien of thia mortg~, 7. That he will keep the improvementa now existing or hereafter erected on the mortgaged property, insured &Ii may be required from time to time by the mortgagee against 1088 by fire and other hazards, caaualtie!:, and contingenciea in such amounts and for such periods as may be required by mortgagee, &Ild will pay promptly, when due, any premiums on such inaurance for payment of which provision has not been made hereinbefore. All in3urance shall be carried in companies approved by mortgagee and the policiee and renewala thereof aha II be held by mortgagee and have attached thereto 10RS payable clausea in favor of and in form acceptable to the mortgagee, In event of loss he will give immediate notice by mail to mortgagee, and mortgagee may make proof of loss if not made promptly by mortgagor, and each inaurance company concerned is hereby authqrized and directed to make payment for such lcaa directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by mortgagee at ita option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged, In event of foreclosure of this mortgage or other tranafer of title to the mortgaged property in extinguishment of the indebtedness securf:.i hereby, &11 right, title, and interest of the mortgagor in and to any iusurance policies then in force shall paaa to the purchaser or grantee. S, That the mortgagee may, at any time pending ~ au it upon this mortgage, appl)' to the court hav- ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of the premiaee covered hereby all and aingular, incJuding an and singular the income, profits, iaauM, and revenues from whatever 80Urce derived, each and every of which, it being expressly under- atood, ia hereby mortpged as if apecifically set forth and described in the granting and habendum clauses hereof, and lueh receiver shall have all the broad and effective functions and powers in anywise entrulted by & ('ourt to a receiver, and such appointment shall be made by such court as an admitted equity and a matter of absolute right to aaid mortgagee, and without reference to the adequacy or inad- equacy of the value of the property mortgaged or to the solvency or insolvency of said mortgagor or the defendanta, and that auch rents, profita, income, iuuea, and revenuea shall be applied by such receiver according to the lien of this mortgage and the practice of luch court. In the event of any default on the part of the mortgagor hereunder, the mortgagor agrees to pay to the murtgagee un demand as a reason- able monthly rental for the premisea an amount at least equivalent to one-twelfth 0)2) of the aggr'egate of the twelve monthly inatallmenta payable in the then current year plus the actual amount of the annual tax~l aaaeaaments. water ratee, and insurance premiuma for auch year not covered by the aforesaid mOntllly p&)'!!lent5. 9. The mortgagor further covenanta that ahould thia mo rtgage and the note secured hereby not be eligible for inaurance under the N!!tional Houainf Act within ~,-' ::"/\'(:,) from the date hereof (written statement of any officer of the Federa Houaing Administration or authorized agent of the Federal Houaing Commiaaioner dated aubsequent to the 30 r'.,' time from the date of this mortgaae, "ecUning to insure 88id note and this mortgage, })erng deemed conclusive proof of such in- eligibility), the mortgagee or the holder of the note may, at ita option, decl&re all sums secured hereby immediately due and payable. 10. That (4) in the event-of any breaeh of thia mortgage or default on the part of the mortg3gor, or (b) in the event that any of wid luma of money herein referred to be not promptl)' and fully paid with- out demand or notice, or (c) in the event that each and every the stipulations, agreements, conditiona, and eovenanta of said not-; and thia mortpp, are not duly, promptly, and fully performed; then in either or any such event, the Aid aftTepte sum mentioned in said nete then remaining unpaid, with intelWt &eerued to that time, and all money. leCured hereby, sholll become due and payable forthwith, or thereafter, at the option of &aid mortpaee, u fully and completely aa if all of the said sums of money were oriainrJly stipulated to be paid on IUch day, anythin~ in said note or in thil mortga=e to the contrary notwith8tandinz: and thereupon or thereafter, at the option of said mortgacee, without notice or demand, luit at law or in f),1ufty, may be proMCuted .. if all moneys secured hereby had matured prior to ita inati- lotion. 'n1e mo~-spe may forecloee tbia mortpae. aa to the amount 80 declared due and payable, and the ufd l!~~ ahaU be .ok" to aati8ty and pay tJie same topther with eoata, expenaee, and allowances, In eue uL puttal forecl~ure of thia m~, th. Jnortgapd premiaea shall be 801d aubject to the con- tinulna tlen of thia mortpp for the amount of the debt not then due and unpaid. In such caae the p~ vJ8lona of thi8 paracraph m&1 apin be avalle4 of thereafter from time to time by the mortgagee. 11. That the mortcalor' wiD lrive immediate notice by mail to the mo~ee of any conveyance, tzaD8fer, or chanae of ownenhJp of. the ,"",1..- 12. Th.t no waiver of any covenant herein or of the obligation IeeUred hereby aha)) at any time thereafter be held to be a waiver of the t;e1m8 hereof or of the note.-equred hereby. :. . ~