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Home My WebLink About2225 O. R. SO:l 20% or the originalprinoipal iMluUng obligatory p83ll18nta ma:r be paid in any one loan year vithout oharg.. This priTilep is non-ewaulatiTe. ". loan TD8.7 be paid in tull during the tirat thne ,...ars with a p"~nt charge or 3" or the original pr!nctpal amoun't, ~ prepayment charge it paid during the toU!'th through seventh year p 1$ pre~nt. charge it paid eighth through the tenth year am at Par thereai'tAr. Prcwntmellt, protest, and notice are hel~Y waived. r'~ .. _ _ _ M Jack Rohan Taok-Rohan . - - ,... (State of Florida documentary stamps ill the amount required by law are affixed to the ori~ of the forqoinl note and cancdled pursuant to law.) . And shall duly, promptly and fully perfoml, ditcharee, execute, effect, complete and comply with and abide b)' each and every the stipulations, agremlent, condition. and CO\'e"ants of lAid prornilSOry note and of this mortglce, then this mongage and the estate hereby created shall cc~ and be null and void. And the ~lortgap covenants and agrees to and with the .Mongacee u follows: 1. To pa)' the principal and interest and the various and sundry sums of money payable by virtue of said promis- 5Or)' note and this mortpge promptly 011 the days the same become due and Mortp&'Or will promptly perform and comply with eaCh and every other covenant and qreement in lAid promissory note and mortgaee. 2. To pay the taxes, asseJ!lments, levies, liabilities, obligations and incumbranc:a of every nature and kind now on Mid dncribed property, or that hereafter may be impoeed, suffered, placed, levied or UleSled thereOn, or that here- after may be levied or assessed upon this mortpgc or the indebtedneu secured hereby, when due and payable according to law, before they bec:oIM delinquent, and before any interest attaches or any penalty is incurred, and illlOfar u an)' thereof is of record the same shall be promptly IAtisHed and ditcharced of rtJ...'"Ord and the original oHidal document evidencing such satisfaction and di8char~ shall be placed in the hands of said. Mortgagee within ten days next after payment. The covenants and agreements in this parqraph shall not be applicable to the taxes and ueesaments which are to be paid out of the funds depo&itcd with the Mortgagee unl~ hereinafter eet forth. 3. To keep the improvements now existing or hereafter erected on the mortgaced property insured against IO$S b)' fire and other hazards, casualties and continccncin, including war damaee whcnner required by the Mortgagtc, in roch amounts and for such peTioJs u may be required by Mort~. All insurance sh.ll be carried in companies appro'o'N by Mortpcee and the poIiciet and renewals thereof mall be held by Martlalee and ha~ attkhed thereto standard mortga~ claulCl in favor of and in fonn aettptable to the Mortpeee. In event of lost Mortp&Or will gi~ immediate notice by mail to Mortgagee, md Mortpcec may make proof of lC* if not made promptly br Mortgagor, and each insurance company COO\.-emed i. hereby authorized and directed to make payment for roch loss directly to Mortgagee instead of to MortPlOr and Mortgacee jointly, and the insurance proceeds, or any part there- of, may be applied by Mortgagee at its option either to the reduction of the indebtednesa hereby ICCUred or to the restoration or repair of the property damaged. In event of formOlUre of this mortpee or other transfer of title to the mortgaged property in cxtingui5hment of the indcbtedncsa secured hereby, all ript, title and interest of the Mort- pgor in and to any insurance policies then in force shall p3II to the purchuer or lI'antee. 4, To pemlit. cbnU1!it, or suffer no wute, impairment or deterioration of said property or any part thereof. In the e\'r.nt of the failure of the MortNor to keep the buil4inp -biI"'~Pf~ jnct ~ 'to j>>-.ectcd on said prem~ or improvements thereon, in &ood repair, the Monpcec may lQIke such .rcpain u ~fl, his d.itcretion he may deem ncc:nsary for the . proper preservation thereof and the full amount of each and every such payment shall be immediately due and payable, and thaH be ItCUrrd by the lien of thit mortiaae. 5. To pay all and sinlUlar the costr., charaa and c:x:pcmes. includinl reuoo.ablc I.ttQrney's fees, cost of ab6tracts of title and title lUrches incurred or paid at any time by the Mortgaece bcc.al* of the failure on the part of the Mort- g&&or promptly and. fully: to perform the qreemcnu and covenanu.Df I&id note and thia mortp&e, and said COltS, chafJ'fS and CXpenICI sball be immediately due and payable and abaU be IeCUred by the lien of thiI mortpee, and .uch expenditures shall draw interest at the ra~ of cipt per centum per annum. . . 6. That (a) in the enot of any breach of.. mortple 01' default on the pan of the MortpIOT, or (b) in the event of uicllWDl of money herein rde~ed to be not promptly and fully paid without demand or notice, or (c) in the event the stipulations, qreemcnu, conditilJlll and covenanu of laid note and thit mortpge arc DOt duly, Pfomptly, and fully performed, then in either or any such event, the.w 6Jlf9te IUIIt mentiooccl in -.aid note then rcmaininl unpaid, with lntcrClt acuucd to that time, and all moneys ~ hereby, ahall became due and payable forthwitli, cw therean., at the option of said Mortp&eC. u Nlly and c:omp1eldy ... if aU of the aid sums of I1\Oney weJC oricinaUY ltipuJated to be paid OIl IUCh day, anythjni in &aid note or in this mortpp to the contrary notwithstandinl; and _rcupoa cw thereafter, at the option of aid Mortpau, without DOtia or dl'ft\.~1 IUit at la.. or in equity, may be Pl'Ole'C\lted .. if aU money. sccured hereby had matunlCl prior to its institution. 7. The Mortpzec may, at anytime while a suit ia pending to fonclOlle oc to reform th.it mortpac, or to enforce any cl&ims arising hereu~cr, apply to the court havinC jurisdiction thereof for the appointment of ... recavu, and such toUrt mall forthwith appoint D reaivn of the premiles and aU other property CO\'cred hcnbr, includinc all and sinlUl.r the income, profits, rents, iMua&ncl revenues from whatnu IOWt'.e derived; and such receiver sbal1 have all the broad and effecti~ functions and powers in anywile elltrWted by . court to a i-ecdver, and cuch appointment shall be made by such <:OU;" .. .n admitted,~i~ ~ a matter of abtoIutc ript to said Mo.-tpp. and witbDUt reference to the adequacy or ul&Ciequacy, of. ~.~ ill the fI1'ClrA!ty mortppcl 01' to the eolnncy 01' inIoIVCDC)' of said Mort- gagor or the defendanta, and such income., :n-ofita, reuu. ileus and revenues aball be applied by such I1lCICivcr accordina to the lien of thiI mortPIC and the ptllCtK:e of such court. . - 8. The MortP&01' will rive immediate notla by mail to the Mcmpcec of any convcyanc:e, traJ>>fer or chance of OW'II<'nbip of the premilea or any FnJpetty covered hucbJ. ~ ,