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HomeMy WebLinkAbout2513GPI( PAGE • ~T, LUCIE fCt~NTy E~. 3. It the total of the pa ants made by the Mosttca~er u~ider~a~ o PanBraph 2 preceding shall exceed the amount of payments actually made by the Mortgagea_ ,for groundbsreegnt~s, taxes and aseessmenta, and insurance Premiums, ss the case ma be, such excess shall s~hal ~ funded to Mo t P~~ i however, such mo ihly gagor for such items or, a~ Mortgagee's option, rtgago then the payments shall not be suS'icient to pay such items when the acme shall become due and pa able, Mortgagor shall pi-y to the Mortgagee aRy amount necessary to make up the deficiency. Such payment shall be made within thirty (30) days attar written notice frgm the Mortgagee stating the amount of the deficiency, shall tender to the Mo ages is accord- which notice may be liven by mail. If at aqy fib' o~~ pr~6yment of the entire indebteda~esa represented sacs with the pproviawns of the note secured thereby, the lyio shall, in computing the amount of such Indebtedness, credih Z tIj t~ereu~allf berms rrtt,,gg 't balance remaining under the provisions of (a) of said Psragreep~~ses covered hereby, default~der~i~ny of the provisions of this moriga~e resultang In a public sale of th~aU a 1 at the time of or if the Mortgagee acquu~es the property otherwise after default, the Mortgagee ~ Y, the commencement of such proceedings or at the time the property is otherwise acqu ,the amount then remaining to credit of Mortgagor under (a) of paragraph 2 preceding- as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpad on said note. 4. He wW Pw1 aD taxes, aeseeements, wdee ram, ~ °~ ~o~r°n°e°tal °r mudoipal charges, fine4 or " impositions, for which provieioa has not been made hereiabefore, and in d~sult thereof the Mort~gee m~Y Pay ~ same; and that he will promptly deliver the official teoeipts therefor tc the Mortgagee.. b. He will permit, commit, or suffer no waste, impatrmag~ or deterioration of add property or aqy Part thereof e:oept reasonabb wear sad tear- and in the event of the f are of the M°rt~go~ keep the buildin®s on sai~ ` sad thaee to be erecte~ on said premises, or improvements thereon, in repair the Mortgagee mazy pairs sits disoretioa it may deem necessary for the proper Preservation thereo~, and the full amount of each every payment ehaII be due and peRyuble thirty (80) days after deanand, and shall be secured by the lien of this mortgage. sad eo~penae0. ~~~ reasonable Lwyer's fees, and costs 6. He will p-y all and singular the costs, to ortgagee beeause of the failure on the part of the Mortgagor d abstracts of title, incurred or paid at say time by note sad this mortgage, and add p~PWY +~ ' ~ perform the agreements and covenants of add promissory - ~~ ~~~ ezpeases shall ~ ~~~~ due and P4yable and shall be secured by the lien of this mortgage. 7. He wt'II continuonsb maintain hazard insuraao0. of such type or types and amounts as Mortgagee may from time to time require, on the improvements now or hereafter on said p and esoept when payment Z hereof he will pay Prom Wy when for sII such premiums has theretofore been made under (a of pe-ragraFh ~ ~ the h due any premiums therefor. All insurance shall be ~ oomPanus aPProv by M brtgagee~ ~ favor of odes and renewal thereof shall be held by Mortgagee and have attached thereto loss Pay llee ccl~sa and inform acceptable to the M In event of loss he will give immediate notice by mail to Mortgagee, and Mortgagee may make proofo~ ~ not made promptly by Mortgagor, and each insurance company concerned is hereb authorised and directed to make payment for such loss directly to Mortgagee instead of y~ roceeda, or any part thereof may be applied by Mort- to Mortgagor sad Mortgagee ]ointly, sad tibe insurance p at its option either to the reduction of the indebtedness hereby secured or to t~Ie restoration or repair of gages or other transfer of title to the mortgaged the property damaged. In event of foreclosure of this mortgage ~~ ~~~ and interest of the Mortgagor property m etangu~ahment of the indebtedness secured h~ere~bypu~~ ~ ~~ ~n and to any mauranoe policies then in force shall pass 8. He will not ezecute or file of record any instrument which impoeres a restriction upon the rile or occu- pancy of the property described herein on the basis of race. Dolor, or creed. ~ 1 to the court having jurisdic- 9. The Mortgagee may, at any time pending a suit upon this mortttsge~aPP Y, Lion thereof for the appointment of s receiver, and such court shall fo wI appoint a receiver of the premises covered hereby all and singular, uacludm$ all sad eingular the Income, profits, assess, and revenues from what- ever source denved, each and every of which it bevu~Igg expressly understood, is hereby mortgaged se it specifically set forth and deecxlbed in the granting aa~ habudum clauses hereof. Such appomtment shall be made by uit and a matter of absolute right to said Mortgagee, sad without reference to such court as sn admitted eq y mo or to the eolveacy or insolvency of said the adequacy or road easy of the value of the property , I'tg~ eeqq sad revenues shall be applied by such receiver Mortgagor or the defendants. Such rents profits, income, ensues, according to the Uen of this mortgage sa~ the Practice of such court. In the event of say default on the pert of the Mortgagor hereunder, the Mortgagor ~'~ to pay to the Mo on demands ss s reasonable monthly rental for the premises sn amountcatu~ti egeami~ pv~ ~ oaotusl a~mmount of tie annual taaes,~eaeeeesment8~watei inatallmenta payable in the then y rates, and insurance premiums for such year not covered by the aforesaid monthly payments. 10. In the event of any breach of this mortgage or default oa the part of the Mortgagor, or in the event that say of said sums of money herein referred to be not promptly and fully paid according to the tenor hereof or in the event that each and every the atapulations, agreements conditions, and ooveaants of said note an~ this mo ,are not duly, promPWY, an fly Performed or i~ the Mortgagor be adjudicated bankrupt or ~~,gsge then in either or say such event, the said sggre- made defendant in a bankruptcy or receivership proceed;;~ interest ~~ ~ that time and all money gate sum mentioned in said note then r~mammg , rtgagee secured hereby shall become due sad payable forthwith, or thereaf ~ ~ Mated topbe p aaaid M h day, any- fully sad comp~etdy as if all the said sums of money were originally $ thereupon or thereafter, at the option thing In seed note or m this Mortgage to the ooatrar~+notwithataading- m uted as if all moneys of sad Mo~ Ana otured P~ or demand, suit at~ Lw or in equity, ma be proses th secured hereby r to its institution. The Mortgagee may foreclose this n ~e ~e ~~er amount so declared due and payable, sad the said premisses sha11-be f 1~ ~tiiaty ~~Pay ~~ with costa a:penses, sad ~i0w~. ~ case of partial oreclosure miOZ'~ shall be sod subject to the oontiauing lies of this mortgage for the amount of the de t not then ue an unpaid. In such case the provisions of this paragraph may again be ava1led of thereafter from time to time by the Mortgagee. ~ shall at any tune thereafter be 11. No waiver of aq7 covenant herein or of tbs obligation secured hereby . held to be a waiver of the terms hereof or of the ate secured hereby- t nement or extension iZ. The lien of this instrument shall remain is full fo~~~~ured h~ any P~ Po of the time of payment of the indebtedness or any Part 18. This image is given to secure the purchase money, ar a part talereof, of .the lands herein described and is a:ecutednuaad delivered ooatemporaaeousltil with the deed therefor 14. It the Mortgagor defwlt is say of the ewvenaats or agreeaclents ooataiaed herein, or is said note, then the Mortgagee ~y,P~~ the same, and all e:pandituresindudin~_~~ sable attorney's fees) made by the ~ga~ w_ in so shaII draw interest at the rate prn ' , form prlnapal indebtedness, sad shall be ~° - bls thirty (ll0) de-ys aftet< d~eaund, sad. tioget~ with mtee+est and oats accrued thes'eon, shall be secured by ~ nDO~e' eueaate sad de4ver a supplemental note or 16. U the request of the MM~at io~t the ~~~. ~~ ~pr'OVemeat, maia- notes toer the stun c: suaoa advanced b7 author- for fazes ~ assessu-emta against the lama and foe any other pprpose tenanee, aer reP~r of ~ P~~ ~ a p~rit~ with and aa~~ tul~j as tf the advance feed hestiunder. field note m notes shall be sec~rbd hsnb -bad tal note or notes shall bear evidenced the:+sby were inoludad is the note &sR described ~vs. ~ _ , ~~alpgleenap •::~ _ _ ._ ~. . . T.,, _____.._____.___~_ .