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HomeMy WebLinkAbout0117 ~~ • . ~b~~ ~~ PAfE117 ST. ,!!CAE COUNTY; FLA. ~- and shall perform, comply with and abide by each and every tbs stipulatiaos, agroemeob, condition and ewve- aanb of the acid promissory note sad et7 this deed, then this deed and for estate hereby created shall be troll and void. AND THE SAID Mortgagor hereby fttrthar ewavenanb and agrees: A. To pay aU and singalu the principal and interest and other aatn of money payable by virtue of said promissory note and this deed, or either, Promptly on the days respectively the same severally become due. B. To pay all and singalu the tares, asseessoeab. levies, liabilities, obligations and eacumbranoes of every nature on said described property, each and every, and if the same be sot promptly paid the Mortgagee may at any time pay the same without waiving or affecting the option to foreclose or any right herein, and ovary payment so made shall immediately become a put of the debt secured by this mortgage and shall beu interest from the data thereof at the rate of 8 per Dent. per annum. C. To pay all and singulu the owls, charges and ezpmses, including attorneys' fees and abstract coats, reasonably incurred or paid at any time by the Mortgagee in case it becomes neoexsary to protect the security here- of or because of the failure on the part of the Mortgagor to perform, comply with and abide by eeackh and every the stipulations, agroemenb, condition and covenants of the. said promissory note and this deed, or either, and every ancl, payment shall immediately become a part of tits debt secured by this mortgages and shall bear interest from the date thereof at the rate of 3 per exnt. per annum. D. To keep the buildings now or he.-ea[ter oa said lands i*±sttred in a sum equal to at least the amount of this mortgage and an amount anffieieat so flat neither Mortgagee nor Mortgagor shall be co-insurers, covering both fire and windstorm or fire with eutended coverage in a company or companies approved by the Mortgagee, and the policy or policies shall be held by and payable to. the said Mortgagee. In the event any sum of money becomes payable under such policy or policies, the Mortgagee shall have the option to receive and apply the same on account of the indebtedness hereby secured, or to permit the Mortgagor to receive and ux it, or any part there of, for other purposes, without thereby waiving or impairing any equity, lien or right under or by virtue: of this mortgage, and may place and pay for such iasnrance, or any part thereof, without waiving or spoofing the option to foreclose, or any right hereunder, and each and every such payment made by the Mortgagee shall immediately become a part of the debt secured by this mortgage and shall bear interest from date at the rate of per cent. per annum. I~ To permit or suBex no waste, impairment or deterioration of said property or any part thereof. F. To perform, comply with and abide by each and every the stipulation, agreements, condition and cove rants in said promissory note and in this deed act forth. G. To keep all buildings upon the said above described lands in good condition and repair, both inside and outside, and also to keep the grounds in good condition and repair, and not to change or alter any of the build- ings upon the said lands etructnrally in any substantial particulu without the written consent of the Mortgagex. H. If any of said sums of money herein referred to be not promptly and fully paid within ten (10) days nett after the same severally become due and payable, or if each and every the stipulations, agreements, con- dition and covenants of said promissory note and this decd or either, are sot duly performed, complied with and abided by the said aggregate sum mentioned in said promissory note shall become due and payable forthwith or thereafter at the option of the Mortgagee as fully acct completely ss if the said aggregate sum of said promis- sory note was originally stipulated to be paid on such day, anything in said promissory note or herein to the contrary notwithstanding. I. That in case any default is made by the Mortgagor, as mentioned in the preceding puagraph, and a suit in equity is instituted by the Morga~W to foreclose this mortgage deed, the Mortgagee shall be wtitled to apply to the court having jttrisdiCaon of such snit for the appointment of a Receiver of all and singvlu the said above and the hereinafter described property and the ass, rents, issues, income and profits thereof. And it is further covenanted and agreed that thereupon such court shall forthwith, as a strict matter of right in the Mortgagee, ap- point a Receiver of all such property, with the usual power and duties, including the power to rent the said prop- erty and to collect the rental thereof and therefrom; the revenue derived from said property te, ue applied by such Receiver as required by law and under the direction of said court. J. That the lies hereof shall etctaad to sad include all buildings, structures, addition and improvements, now or at any time hereafter erected thereon, together with and including all of the boilers, machines, heating and cooling Plant, lighting Plant, and all plumbing appuatus, fizturea, appliancex, ventilating eeryipmeat, toilet, basins, electric heating and lighting plants, lighting fizture~, poMrer machinery, plant or plants for operation of pasxnger or other elevators, including passwger and other elevators, now or hereafter located in the itnprovameata neon said land, and all other mac6i:tery, appUa»oes and appuattu now or bereaftesc placed on said premises, either in addition to or in renewal or r+ePlaoeatent of 5utares, tnachittery, appliances and appnrteaattoes originally in- etallod on said premises, which may heredter be pbtoed apoo the above described land, which acid fiztures, ma- chinery, appliattoes and appnrteoanoes the Mortgagor warrants shall be free from any encumbrances, retention of title or other claims in favor of any other person and that this deed shall be a first lien thereon.