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Home My WebLink About0620 (l R ' Qy:j- 1,~ "4N~'15 !.'I.I..." Ao..'-.j j I"\fV....lJ..a... ST. ~JCiE cu~nr, FLA, ander (b) [If paragraph 2 pr&e(ling shall not be sufficient to pay rround renta., taxes and ~enu wd iMurar.ce premiums, u the cue may be, when the same &hall become due and payable, tt\~n the mortgagor ~h&lt pay to the mo1i.Ka~ any amount nect:83&rY to make up the deficiency, on or before the date when payment of 8ucl1 &round rents, U\.l:es, a.88e&menta, or in8urance premiums shall b-e due. If &t anj' time the mOi-tragor llh411 tender,to ~he mortgage~ in accordance with the provi8ions of tht?' not~ secur;M hereby, full paym~nt of the entire lo.J,ebtednc88 repreaeut1!d theTt!by, the mortgair~ shall, in com- puting the amount of such mdebtednea, credIt ~ the account of the mortg&gQr all payments made under the provisions of (a) of paragraph 2 hereof whIch the mortgagee haa not become obligated to pay to the Federal Housing Commis.aioner and any b.lllance remaining in the fund8 accumuiated under the pn;visiona of (b) of Mid paragraph 2. If there shall be iii. default uncleI' any oi the provisions of this mortgage, r&- suIting in a publk sale of the premises covered hereby, or if the mortgaget acquires the property other- wise &iter default, the mortgage-e shaH apply, at th~ time of the commencement of such Proce-t'dinlIs or,lit the time the property ill otherwi."-e acquired, the balance then remaining in the funds accumulated under (b) of paragraph 2 preceding aa a credit aarainst the amount of principal then remaining unpaid under said note and sh.lI properly adjWlt any payments which shall have been made under (a) of said paragraph, 4, That he will pay aU taxeli, asae88ments, watcr rates, anc\ other governmental or municipal charges, nnes, or impositions, lor whkh provision has not been made hereinbefore, and in default thereof the mQrt- gagee may pay the same; and tJlat he wil! promptly deliver the official r~eipl8 thNefor to the n~ortlCagee. 5. That he will permit, commit, or sutTe~ no waste, impairnwnt, or deterioration of said property or any part thereof; and in the event of th~ f&.l~ure of the mortgagor to keep the buildings on said premises and those to be erected cn said prerniaea, or 1nwrovementa thereon, in good repair, the mortgagf"_> may make such repairs a8 in its discretion it may deem necessarj for the proper preservation thereof, and the full amount of each and every such payment shall be immediately due and payable, and Rhall ~ secured by the lien of this mortgage. 6. That he will pay all and singular the costs, charges, and expenses. including reasonable lawyer's fees, and C03l8 (If abstracts of title, incurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor promptly and fully to perform the agreements and covenants of Raid prom- issory note and this mortgage, and said costs, chargf>.8, and expenses shall be immediately due and pay- &ble and shall be secured by the lien of this mortgage, 7. That he will keep the improvement.,> now existing or hereafter erected on the mortgaged property, insured as may be required from time to time by the mortgagee against Joss by fire and other hazards, casualties, and contingencies in such amounts and for such perioos as may be required by mortgagee, and will pay promptly, when due, any premiums on such insurance for payment of which pro\'ision has not beEn made hereinbefore, All insurance shall be carried in companies approved by mortgagee and the policies and renewals th~reof shall be held by mortgagee and have attached thereto loss payable clause8 in favor of and in form at:cept.{hle to the mortgagee. In event of loss he will gl\'e immediate notice oy mail to mortgagee, and mortgagee may make proof of los8 if not made promptly by mo;"tgagor, and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeos, or any part thereof, may be applied by mortgagee at its option either to the reduction of the il~dl'btedne3S hereby secured or t.o the restoration or repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indl'btedness secured hereb}', ail right, title, ann interest of the mortgagor in and to any insurance policies then in force 8hall pass to the purcha.ser or grantee. 8. That the mortgagee may, at any time pending a suit upon this mortgage, apply to the court hav- ing jurisdiction th~reof for the appointment of a receive" and such court shall forthwith appoint a receiver of the premises covered hereby all and singular. including all and singular the income, profits. issue.s, and revenues from whatever source derived, t',ach and every of which. it ueing expressly under- stood, is hereby mortgaged as if s[h:cincally set forth and de.scribed in the granting and habendum cl~uses l1ereof, and slich receiver shaH have all the broad and eff~ti\"e functions and puwers in anywise entrusted by a court to a receiver, and such appointment shall be made by such court as an admitted ('quity and a matter of absolute right to said mortgagee, and without reference to the adequac'y or inad- equacy of the value of the property mortgaged or to the solvcncy or inso]\'('llcy of said mortgagor or the defendants, and that such rents. profits, income, issues. and revenups shall be applil'd by such l'ecC'i\ l'I' according to thp lil'n of this mortgage and the practice of sllcn court, In the e\ent of any default Oil the part of the mortgagor hereunder, the mortgagor agrees to pay to the mortgagee on lkmand as 3 reason- able monthly rental for the premises an amount at least equivalent to oJ1(~-twe]fth (Il~) of ~he aggn.gate of the t\l:e1ve monthly installments p<1\'able ill the then current )'(,ar plus the actual anHlunt of the annual taxes, assessment;;. water rates, anri insurance premiums for such year not covered by the aforesaid monthly payments. 9. The mortgagor further covenants that should this mo rtgage 311U the' note secured hereby not hi' eligible for insuran('e under the ~ation31 Housillg" Act within from tilt' d,.te hereof (written statement of any officer of the Federal Housing Administration or authorized ag~'nt of the f'eder3l Housing Commissioner dated sub3equent to the time from the date of this mortgage, dedininK to insure said note and this mortgage, being du.meo conclusl\'e proof of such in- eligibility), the mcrtgagee or the holder of the note may. at its option. dc'cla:';? all sums secured hereby imme<1iat.ely due and payabie, 10, That (a) in t!le event of fny brrach of this morlR:Olge or defauit on the part of the lrlortga~or. or (b) in the eH~llt that any of said slims of money ilerein referred to oe lint promptly and fuily paid ....ith- out demand or notice, or (c) in the e\'~!rlt that each and e\'o'y the stipulations, agreements, conditions, Hl,d cover,;'d,ls of said nC'!l' and this rnortg;,ge. 2,fe not duly. prompt I;.', and f\lll:-' v'rl'Jr!iHd; tlidl in either or RIIY sucr. event. the said ::<ggrcg':1te slJm mentio!l\:,d in 1<lid ll(;t~' U:\'fl n'rll"il1in!~' u!1!H,id, with jnt.(~r~st hccrue:d to that tinH\ and all n10ne}'B gf'(Urf~d hf~tebYI shedl b'eCfJffle du\"o and p~t:;ar,1e forthv;ith, rJ!" then.!dter, at the uption of ;;a;d marLghji;ee, a.:; fuily and cumplt:.t",ly as if ali of thl' ,,,aid ,',llli;; of money "vue originally stipulatec1 to r->e paid on ~uch day, ,mythi;ig in f;aid l\ott~ or in this rnolt)(age lo the ((,ntrary notwith;;tallonig; and thereupc'n or t.herciiftcr, at the ojltion of said fllr.wtgagei'. without IV.tiu, 'ow demand, suit at IRW or in ("i\lit)', !Tl!iY \.h: pr,-ii'e<:uted a,.'l if an moneys HCi'un'd hereby hhd rnatured prill!" t.o its in~ti- tulion, The mortx,.get' rnay fOJ'pciose this l11ortg;:\ge. r....'l to the 1>rl10ullt so lh.:la,'l'd due alld p:.y,'lJ]c. and U\P. SHirt premises i-ohal1 b! <told to <\f>t:;;ry and pay the ',,,!!ie t,,\Sethi!r with (i.J",ts, exwons,,:> and ailOWanCf:ii. In C;.l.:i\: of partial forec![j3'ue of this !1iodg-:,gc, the n!ori,i:1g.::cl prerni,~\;.-; s!"dl hI' suld SUi)jcct to th<, C(Jr.- tilluing heen of thiS m()r'(.~\Hge for the ,WHJunt of the d[:iJt 110t th';n due gnd ullp;,id, 11'1 ::;uch C;"H' H,,~ ,;1'0- visiull.'.\ of this par;:ig"taph rn8.Y again t/€ availed of thereafter fro!":l time to Unl0 by the n:ortg'ig(';:, 11, That thi~ nJlJr~gH!?')r will ~i\'e irnnwdiatp notice by r:lnil to the filGl"ti..;,q,:;,ee of any conVi:'Y;lflce, trRiLsfer, or ('h~llt;e of (r''7'ner8bip of the prCHlif:,f'd. 12, That no w,iiver of Hny covenant herFin ~)r of triP obligatiuli iH'CUrf'r! ht:r;:,!;y :,hilll at IF!y ti!I~t: I thervllt':f b.. h,id to b~ i! v:al\'c'f ".If thl: ten113 h,'; '.'ll ur (;f the n0tf~ secured 1..;7Ptl). J __~_~_______-1-~L