Loading...
HomeMy WebLinkAbout2490 , II, d'U . "'{ 1 II "'{ ~) 1. L l'CI( C8UHTT, FLA,\_ h d fi ' S h b 11 .~ orlgagl)r s la pay to the ~ orlgagee any amount r.ec~ry to mlUle up I e r ('It'ncy. ,uc paymrnl s a ~ !Dade ~ilhin lhirty ~30)-d"ys a~ler written no~ice ftom the Morlg.~ stating t he amount of l he ~I'ficil'nc)'. whIch nollce may be given by mall. 'If a\ any lime the Mortg~r shall tNull'r to lhl' Mortgag('l' m uccord- ance with t.he provisions of the no~ lM'Cured hereby, full payment of thf' entirf' indl'bll'dnl'8!\ rt'pr('sl'ntl'tl lhereby, the Mortgagt"e Mudl, in computing the amount of such indl'btf'dnrss, crt'tlit to the acrount of tilt' Ml)rtgagor any crf'dit balancfl rt'mainillK undl'r the provisions of (a) of said paragraph 2, If thert' shalllw " (It.fault unm-r any of tbe provisions of this mort.g&Jte J't'Rulting in a public salt. of thr pJ't'mist'S covl'r('(l hl',rrb)', or if thl' Mort.gagl't\ at'quirt'S the property othl'fW1M &ftl'r dl'fault., thl' Mortg~oo shall npply, at thl' timt' of lhl' rOmmI'lICl'ml'nt of such procN.'dinlia or at the timt' the prolH'rty is othcfWllM" Ilcquir,'d, thl' amount thrn rrmaining to C'rl-dit of Mortgagor undl'r (a) of parapaph 2 pf('('Mling U8 n cl't'dit on thl' inh'rl'st accrued and ullpai~d the balance to thl' principal then remaining unpaid on said note, 4, He will pay all taxee, .., -.en.... water 1&-' and other IOvemmental or municipal charges. 6nee. or impositions. for which provision has 00\ been made hereinbefore, and in default. t.hereof the Mortpgee may pay the same; and that. he will promptly deliver the official f\-'Ceipta therefor to the Mortgagee. I), He will pennit.. commit, or su.fler DO wute, im~t., or deterioration or said property or any part thereof except. re&llOnable wear and tear; and in the event. of the failure of the Mortgagor to keep the buildings on said premillea and t.hoee to be erected on said premi3ell. or improvementa thereon, in good repair, the Mortgagee may make such repairs &II in ita diAcretiOll it. may deem oeceeu.ry for t.he proper pl'e8ervation thereof, and the full amount. or each and e~ such payment. ahaIl be due and payable thirty (30) days after demand, and aball be 8eCured by the lien of t.hia inort.pp. 6,' He will pay all and aingu1ar t.he Coet.8. chargee, and expenses, including reuonable lawyer's fees, and coat.8 of abstracla of title. incurred or paid elt any time by the Mort.ppe becaW18 of t.he failure on t.he part of the Mortgagor proDll'tly and fully to perform the agreementa and covenants of said promi880ry note and this mortgage, and said costs. chargee, and expeDaes aball be immediately due and payable and aball be 8eCUred by the lien of this mortgage, 7 -lIe will continuously maintain huard insurance, of such type or t.ypee and amounts as ~fortgagt'e may from time to t.ime require, on the-improvements now or hereafter on said premises~ and l'xcept when pa)'ment. for all such premiums haa theretofore been made under (a) of paragraph 2 hereof, be will pay promptly wh('Q due any premiums therefo!". All insurance Bhall be carried in companies approved by Mortgagee and the poli- cies and renewals thereof 5hall be held by Mortgagee and have attached thereto 1098 payable clauses in favor of and in form acceptable to the Mortgagee, In event of 1088 he will give immediate notice by mail to ~lortgagee, and ~lortgagee may make proof of [088 if not made promptly by Mortgagor. and each insurance company concerned is hereby aut.horiZed and directed to make payment. for Buch 1088 directly to Mor~ee instead of to Mortgagor and Mortgagee joint.ly, and the insurance proceeds, or any part thereof. may be applied by Mort,. g&gte at. its option either to the reduction of the indebtedntlllB hereby secured or to the rt'8toration or repair of the property dam~ed, In event of foreclosure of this mortgage or ot.her trans{er of title to the mortgaged propert.y in extingUishment of the indebtedn~ lleCured hereby, ;U right, title, and interest. of the Mortgagor m and to any insurance policies then in force shall pass to the purchaser or grantee, 8. Ht" will not ('xecute or file of r('('ord any instrument which impo!lE'R a r('Slriclion upon tll\! sale or occu- pancy of the property described herein on the basis of race, color. or creed. 9. If thl' prt'mist,s, or any part tllt"reof. b(' c.ondl'mlll:od under the pow('r of ..mint'nl dumain, or aCCJuin'll for 1\ publi(, U8l', the damagl's awanl..d. the procl'OOS for tilt' taking of, or tht" considl.ration {or sUt,h acquisilion, to t11(' ('xh'nt of thl' full amount of the rrmaining unpaid indl'btednt'88 8I'cured by this mortgagl', art' tlt'n,by assignl'C.l tn th(' Morlgag('(', and shall be paid forthwith to said ~lortgagee. to b(' applied on account of Ili" last mat urin~ inslallmrnts of slIch indebtoont'Sll. 10. The Mortgagt'f' may. at. any time pending a suit upon this mortgage, apply to the court hayin~ jllri~lit'- tion th('.rrof for the appointment ol a r('('('Iver, and surh court shall forthwith appoint a r('('('inr of tilt' pn'misl'" covrrro herl'by all and singular, ind\l(lin~ all, and. singular the income, pro~t8, issues, and revenu('s frum whlll- en'r source drrin'd, ('ai'll and e\'ery of wlueh, It hemg ('xprl'881y understood, IS hereby mortgage(l as i{ specifi('all\' 8I't forth and d('S('ribed in the grant inK and habendum clauses herrof. Such appointment shall he made b,' such court. &II an admittt'd equity and a matter of absolute right to said ~lortgagee, and without rl'fl'r('nce lO the adequacy or inadequacy of the value of the p~operty !Dortgaged or to the solvl'ncy or insoh.rncy of said Mortgagor or the ~I'fend~ts. Such rl'nls, profits, m.comc. I88Ues, and revenues shall be appli..d by such rec.('i\,('r according to the hen of th18 mortl!;&ge and the practice of such court.. In the event of any default on the part of thr ~fortgagor herl'under. the MortKllgor ap~es to pay to the ~lortKagee on demand &Il a rl'asonahle monlhh' rental for the premiSt'fl an amount at l('l\st equivalent. to one-twelfth O{,) of the aggregate of the twrl\'e monthl\' inslallments payab!e in the thl'n current year plus the actual amount of the annual taxes, a88e88ments water rates, and insurance pl't'miumB for SUI h year not covered by the aforesaid monthly payments. ' 11. In thl' en.nt of any brt'ach of this mortgage or default. on the part of the ~lortgagor, or in the ev('nt that any of said sums of money herein refez:ed to. be not. promptly and f~l.ly paid according to the tenor hereof, or in the event that each and every the stipulations. agreementa, conditions, and covensnts of said notl' and this mortgag(', ~ not duly, promptly, ~d f~ly perfon;ned or if t~e ~lortgagor be adjudicated bsnkrupt or made defendant m a bankruptcy or receivership proceedmgs; then m either or any such event, thl' said aggre- gate sum mentiont'd in said note then remainmg unp~d, with interest. accrnt'd to .that time, and all money Ile('ured hereby, shall become due and payable forth""th, or thereafter, at the option of said Mortgagee as fu~ly ~d ~mpletel~ &II i! all the aaid sums of money 'we~ origin~ly stipulated to be paid on Buch day. ~n~'- thmg lD said note or m. th18 mo~age to the contrBl'f notW1tha~dlDg; ~d thereupon or t.hereafter..at the option of said 'Mortgagee, 1nthout. notice or demand, 8Wt. at. law or m eqUity, may be prosecuted as If all mon(','s aecured hercb)' had matured prior to ita inst.itution, The Mortgagee may loredose this mortgage as to thp ~ount 80 declared due and payable, and the said pr~miaea shalllx' sold.to satisfy and pay the s8~e togt'th('r 1nth coets, expe~8f'tI, and allow~~, .Incase ~f partial forecl08ure of thIS mortgage, the mortgaged prl'mi!l('s shall be sold BubJect. to the cont.mumg lien of th18 mortg~ for the amount. of the debt. not then dul' and unpaid. In such cue the provisions of this paragraph may agam be availed of thereafter from time to timt' bv the Mortgagee, ' 12. No waiver of any covenant herein or of the obligation eecured hereb)' sh"ll at any time tbrreafter be held to be 6 wah'er of the terms hereof or of the note secured hereby. 13. The lien of this instrument. shall renain in full force and effect during any postponement or ('x tension of the time of payment. of the indpbtednesa or any part ther-oof secured hereby. 14. This mortgage is given to secure the purchase money, or a part thereof, of the lands herein described and ia. executed and delivered contemporaneoUaly with the deed therefor, J 5. If the Mo~r default in any of the Oovenanta or agreementa cont.ained herein, or in said note then the Mortgape may pe~ funD the lWIle, and all expenditures (including reasonable attorney's fees) made bJ the Mortgagee m 80 doing shall draw interest. at. the rate provided for in the principal indebtt'dnt'18 and shan be repayable thirty (30) daya after demand, and, topther with int.erMt. and CC>>ta aecrued thereon, shan be aecured by this mortgage, 16, Upon t.he requNt. of the Mortgagee the Mortgagor eha1l uecute and deliver a Bupplemental note or DOle8 for the sum or BUID8 advanced by- the Mortgagee for the alteration, modernizat.ion, improvement. main- t.enance, or repair of said p~ for taxN or.....-menta againat. the same and for an,- other purpose ~utbor- iaed hereunder, Said note or DOle8 shall be secured hereby on a parit.y with and as fully as if tbe adnnce evidenced tJl.,reby were included in the DOte finI, c:te.cribed abon, &id .upplemental note or notes shall bear . ' . ...