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HomeMy WebLinkAbout1246 . .-.' ) r. lI!Cl~ ~:;LJh7". rLA, pE'rformanee or obeen"ance of an)' covenant, ronditioo or qreement in said note, or in any wtruml'nt now or hfre- afk'r pvidcncing or st"Curing the same, and the holder oflllUd note may apply paymenta rerein..1 011 any amounta due thfn-under or undl'r the terms of an)' instn1ment now or hereafter evidencin! or Ile('Uring Mid note, 8.'1 such bolJer may detennioe; 2, To pay the inoebtednf8B hereby lleCUI'ed.nd interest thereoo promptly 011 the d;lYs ~pl'CifiN for thl' same 00 become due and payable, and alIo 011 demanc! any oUler indebt.edneel that may accrue U1d become due and pay- able to the mortp&ee under the terma and provisioN of tbia mOltpp; 3. To keep the mortp&ed p.remiIe8 in aood repair; tQ Deither commit DOl' BUffer strip or waste on the mort- ppd premitlM; to obtain the wntteD CODIeDt of ~ mortppe before df'lDOliahiDI, n-moving or materially altering any buadiua, atructwe or improvement now or hereafter upon the mortppd premieea or before allowinl any such buiIdiaa. IItNcture or improvement. to be dt-P'n1i-hNt, ftIDOVed or mat.erial1y altered; not to commit nor BUffer any act by which the nlue of the IJlOI1ppd preIIlieN, may be impaired: and DcK to violate nor pennit the violatioo of any law, by-law. ordinance or contract. affect.iD1 the mortppd premitIes; n~ to violate nor suffl'r the violation of the covenant. and agreementa, if any, of record &pinat. the mortp&ed premilee; __ {, To pay before delinquent. or before any penalt)'Jor.nO!1payme~t at.~hes thereto all taxl'll, impositiOD.!l. ~ntll, water rat.ell, and char&s of every natwe and to wbomever 8Ileelllled that may now or hl'reafter be impoeed, levied or ~ upon 01' apinst. the mortp.&ed premiaee or any part thereof, or upon the rmts, izlsues, income or profit.ll tht"reol. whether any or all of Mid taxl'll, lLIIIIe&:lIDt"nta or charges be levied directly or indirectly or &II exci!e taxs or 8lI income taxes; 5. To keep the buildinp and improvementa now st.anding or hereafter erected upon the mortgaged premi8es and any and IlII appa....tUII. fixtUre8 and appurtenaD"ell now or hereafter in or attached to said buildings or impron- menta, insured &pinst lOIlll or d8JDllge b)' fire and such other haaanis aa the mortgage(' may from time to time require, alIllUeh inaurance to be in forms, in companies and in IIUJDS (not. lees than sufticient to avoid any claim on the part of the ioIlUrers for co-insuranee) II&tWl&ctory to the mortp&ee; that all insurance policies shall he held by and l'haII be for the benefit of and first pa)'able in cue of 1068 to the mortgagee, and that at least fifteen daY8 before the expi- ration of each IlUch policy, a Dew and sufficient policy to take the place of the one 50 expiring shall be delivered to tbe m~. The mortgqor hereby aasipuI to the mortgqee all moneys reco\'erablt' undt'r ('8ch llUt'h policy. and a<<rees that. in the event of a 1068 the amount collected under any policy of insurance on Mid property ID3Y, at the option of the mortppe, be applied by the mortpgee upon any indebtedne8ll and/or obligation IlCCUred hereby and in llUeh ordt'r aa mortgagee may deter.nine; or said amouDt or any portion thN'l'Of may, at the option of the mort~, either be UIIt"Ci in replacing. repairing or restoring the improvementa partially or totally .1l'5tro)'ed to a conditioo satiAfaetory to said mortgagee, or be releaaed to the mortpgor, in either of which event8 the morlgagre lIbaIl not be obligated to !lee to the proper application thereof; nor lIbaIl the amount 80 released or used be deemt'tl a payment. on any indebtedJ)e1!8 secured hereby, The mortpaor hen-by appoint.ll the mortgagee attorney irrevocable of the mortpgor to &IlBign each IlUch lK'~icy in the eve,"t of the foreclOllUre of this mortgage; 6. To pay a1lsull1ll, the failure to pay whieh msy result in the acquisition of a lien prior to the lien of this m~, before 5uch a prior Jim may attach; 7. That upon failure to comply 1II;th the preceding covenant or with any of th(' covenanta ano agreementa as to pll)"tnpnt of tUPfl, impositiOlll!, ~nt8, water rates and charges. making of n-pairs or maintenance of i118Ul'- anee 118 afol'l'f'aid, the mortgagee, 1II;thout prejudice to an)' right8 given under llUb!lequent paragraphs herein, may make advanl'e8 to pE'rfonn the 8llDle in behalf of the mortgagor, and the mortpgor hereby a~ to repay allsuIDll 80 advanced in his behalf, on dpmand. with interest from the date advanced at the rate of l'ight per ccntum pE'r annum, and all sums 1'0 ad\'aIl(-ro, with interest 118 aforesaid, shall be immediately due and payable and be 5eCured hereby, having the benefit of th(' lipn hen-by created, and of it8 priority, but. no IlUch advances shall be deemed to relieve the mortgagor from any default hen-under or impair any right or remedy conaequent thereon, and the exereise of the right to make advancE'!! granted in this paragraph shall be optional with the mortgagee and not obligatory, and the mortgaget> lIhall not in any C&Be be liable to the mortgagor for failure to exercille any such right; 8, That the mortgaget> shall be lIubrogated for further IleCUrity to the lien, although released of record, of any and all encumbrances paid out of the proceeda of the loan IleCUred by thia mortgage; 9. That, while then- is no default in the performance or obIlervance of any of the covenants or agreementa herein contained, the mortgagor lIbaIl have the privilep of coiIecting and rereh"ing all J'{'nts accruing under Iea.ses or contract.ll of tenanC)' for the mortgaged pn-mieea or any part thereof; JO, That, if any action or proceeding be commenced (excepting an action to foreclose thi" mortgage or to collect the debt hereby R'Cured), to which action or proceeding the mortp&ee ill made a party by relU!OD of the exe- cution of this mortgage or the note which it 1leCUre8, or in which the mortppe deems it. necesll&ry to defend in order to uphold the lien of this mortgage or thf priority thereof or p<lIl8e88ioo of said mortgaged prerniseB, all 8UJD!I paid or incurred b)' the mortgagee for COUD8('I fees and other ~ in IlUcb &cuoo or proceeding shall be repaid by the mortgBlOr, tQlether ,,'ith interest thereon from date of payment. by the mortppe. at. the rate of eight per centum per annum, and all such 8U1I1ll and the interest. thereon shall be irnn-.tiately due and payable and be secured hereby, having the benefit of the lien hereby created and of ita priorit.y; 11. That any and all awarda heretofore made and bereaf~r to be made by the City of Ft. Plero.,Fla. or any municipal, county. lItate or fede."; o:.uthuitiee to the preeent and aIIllUbeequent owners of the premi8es covered by this mortple, including any award or awarda whether for a t&kin<< of title to, p<l8llftI8ioo of, or any interest. in, the mortp&ed premises or any part thereof and any award or awarda received for ~ IlUIItained by the mort- gqed premille!l or any part thered or for any chanp or c:hanplI of &rade of atreeta affecting said premises. are hereby aaaipIed to the mortppe; and the mortppe, at ita option, ill hereby authoriad, directed and empowered to coiled and receive the proreeda of any sueh award or award. from the authorities making the Il8IDe and to give proper receipt8 and aequittaDce8 t.berefor. and to apply the eame toward the lM'ymeDt of the amount olOng 00 account of the mortp&e dt-bt. nolwitbat.uIdiDI the fact that the amOunt owin& OIl aeec.uDt of the ~ debt may not be then due and payable; and the mortp&or hereby ecmDaIlta aDd ICf8l!8 to and with tbe 1IlOI'tppe, upon request by the JDOI'tCape, to make; aeeute and de&rer ..,. and all .......-ta 'and other iDBtn1menJa aufficient. for tb;, ~ of adipiq the aforeeaid award or awarda to the mortppe free, cIMr and diacharpd of any and all encum- bnDeeB of any kind or nature wbatloever; 12. ".. arq fai1we to ~ _y rilbt L.:.~ IIaaII DOt ~&ute DOl' b& eoaat.Ned .. a waiver of tbU riPt a& U)' future time; 13. Tba& t.hiI monca.e crat.tlB a cootiDw. .. to IICW'e the IuD and final lM'ymeDt of the delK hereby IIaINCI ad ... o&ber ~.. impmecl benby aDd benafter ariIiDc. , ......... ,.,... ..!'MIle _ ~ided and .. ... ...... ...-ate and apeemeota are perfonDl'Ci aDd ca..ed, thiI JDOItCIip IhaIl be DUll... YOid 1IDd.. lie........... eoA of the mortpcor, which ClCl8t the IDGI'tpp' .... to lM'y;_ but upOIl -1 deIault. ill the lM'~oI the HwW.tMl_ hereby IeCIUftlCl or of any iaBta~t UIereol or of iIltenlR t.henoo, .. t.bq I8ftnlly beeome due, cw 1IpOIl any default. Us the performanoe ",. '", " - . . '" ..