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And the said mortgagor daea hereby oownant, promise, and agree to and 'with the said mortgagee ae foliowa:
FIRST: That said mortgagor will pay to saW mortgagee the note or obligation hereinbefore referred to and thyye
indebtetit:esa rind interest evidenced thereby, and all other soma secured hereby, each andp t~ keep andUperform a?lathe
respectively the same severally become duo; and will duly, promptly and fully comply k
covenants and agreements in said note or obligation and in this mortgage in Manner and form sa therein set out; and
will not commit or suffer any strip, impairment, deterioration or waste of said mortgaged property, and will pay ail
costs, charges, abstract fees, and expenses, including.attorney's fea, which the mortgagee rtay incur in collecti:tg any
awn hereby secured, in enforcing any covenant herein contained or in p`otecting the mortgagee's security, whether by
suit or otherwise.
SECOND: So long as any of the indebtedness hereby secured shall remain outstanding and unpaid, the mortgagor
agrees to keep in full force and effect that certain policy or policies of Tito insurance issued by the mortgagee and assigned
to the mortgagee as cotlateral security fur the payment of the indebtedness secured 'Hereby and to keep said property and
i;upruvements in good condition and repair, to permit the mortgagee to enter upon and inspect said mortgaged property, to
promptly and faithftaly comply with and obey all Laws, rules and orders of every duly constituted governmental authority
and to pay as the same become duo and payable all taxes and assessments and other charges that may be levied or assessed
upon ur against the said property, or which may be imposed upon the mortgagee in Florida by reason of this morpptgaggee
investment, or upon the m ~rtgage or obligation accompanying the same, or the debt hereby aecured.rovidedlthat slyfouldcthe
mortgage tax now or hereafter unposed by law in Florida upon said obligation or this mortgage, p
antuu;tt of such taxes, assessments and other charges paid for the mortgagee under this paragraph together with the interest
on the indebtedness exceed the highest interest rate permitted by law on the indebtedness, mortgagor shall not be liable to
pay euy of such excess over the highest legal rate' •-nd also to pay all other debts, obligations or claims that may become
liens upon or charges against said property, whetter for repairs or for im~rovementa that are now, or that may hereafter
be made thereon, or otherwise, and not to permit any lien to accrue and remain e:I said property or any part thereof, or on
the inti~roventents upon the same, which might take precedence over the lien of this mortgage and to deposit, with the
mortgage, all receipts ox other satisfactory evidence of the payment of tafeea, aasesamenta, charges, claims rnd liens of
every nature affecting or which may affect the above described property or any Part thereof.
1'IIIRD: Upon the failure by the mortgagor to pay any of said fazes or assessments as the same become due
and payable, or the passage by the State of any law m sing payment`ef the whole or any portion of anp of the
trues ur charges aforesaid upon the mortgagee, or upon the rendering bx any Court of Last resort of a decision that
an ut.dertaking by the mortgagor as herein provided to ay taxes, usaeeaments or charges, as aforesaid, is legally
inoperative, or in the event of the passage of any State or Federal law deducting from the value of lands for the purpose
of taxutio» any lien thereon, or changing in any way the laws for the taxation of mortgages or debts secured by mort-
gage, or the manner of the collection of any such taxes ao ss to rrejudice or affect this mortgage, then and in any such
event the debt 'rtereby secured, without deduction, shall, at the option of the mortgagee, become Immediately due and
collectible, nutw•ithstanding anything contained in this mortgage or any law heretofore or hereafter enacted, er any
judicial decision he*etofore or hereafter rendered.
FOURTIi: Ttie mortgagor herein ftlrthet~-agrede~to keep the impr6vemenUs upon the mortgaged property insured
against loss by firs with extended coverage, and if required, war damage to the extent available in such insurance com-
panies and in .uch amounts as may be satisfactory to the mortgagee, and to cause a New York or other standard mort•
gages clause satisfactory tc the ,Mortgagee, to be attached to such policies and all payments thereunder ahalrobe ~ of
to fire sole order of the mortgagee 8s its interest may appear; and at the option of the mortgagee, any p
insurance paid to it may be applied by the mortgagee to the coat, in whole or in part, of restoring or repairing any
damage do>tr by fire, or other hazard, or the mortgagee may retain the same and apply it in whole or in part, at its
discretion, to the reduction of the mortgage debt. In the event of loss the mortgagee is authorized and empowered to settle
or compromise claims under said policies, but is not obligated to do so.
FIFTII: The mortgagor also agrees to deliver to the mortgagee, all policies of insurance with a^idence of
premium prepaid (renewal policies to be delivered not less than ten days prior to the respective dates of expiration),
and all abstracts of title a-Id title guarantee P orctTansfer ofwNtle t0 athe mortgagedtproperty sin eztingtlishmentitoyf
and in the event of foreclosure of this mortgag
said indebtedness, shall become the absolute property of mortgagee.
SI}:TH: And in the event the mortgagor fails to repair or i:+sure said property or to deliver the policies, premiums
paid, as herein agreed, or to pay as the same become due attd payable the taxes, assessments or charges which may be
assessed or imposed as aforesaid, or the liens or claims which may accrue on said property, the mortgagee is hereby
authorized at its election to repair said property and pay for the cost of such repairs, to insure said property and pay
liens and claims, or any part, thereof, without said mort-
the cost of such insurance, sad also to pay said taxes, charges,
Qagce ~vaivittg its right of foreclosure or any other right hereunder, and the mortgagor hereby agrees to refund on
demand the sum or sums so paid, with interest thereon at the rate of eight per centum leer annum, and any and all costa,
then ut, an ltthis meortgage shall standees security t~herefotncand any shell sum ors mscao paid shall becomeeapparteol
the indebtedness hereby secured. -
SE\'E~iTH: And the mortgagor does hereby mortgage, transfer, set over and assign unto the mortgagee as addi-
tion:' security for the payment of said mortgage indebtedness all of the rents, issues, income and profits from the above
described property, hereby giving and granting unto the mortgagee a first and prior lien thereon, and the mortgagor
does hereby transfer, set over, assign, and pledge to the mortgagee all leases now or hereafter placed upon said mort-
gaged property or any part thereof and do hereby novena (s beret grauthorized and empo vexed to collect and race ve all
covenants and provisions of this mortgage, the mortgagee Y
such rents, issues, income and profits due and to become due from any and ell tenants using or occupying said property,
or any part thereof, and .to apply the same against the defaulted payments. So long as there shall be no default here-
u»der, the mortgagor shall have the right to collect, receive and use, without accounting to the mortgagee, any and all
such rerS.n, raceme and profits derived and to be derived from said property.
EIGHTH: But if the mortgagor shall fail to pay or canao to be paid anq stuns of principal or interest mentioned
in said obligation, acco.,iing to the terms thereof, and such default continue for a period of thirty days; or shall fail to
keep any policy of life insurance held as collateral hereto in full foorialnne ~~ nt that the mortgagoruahall f il~to pay
demolition or removal of any building erected upon said property
said taxes or assessments or said premiums of Insurance as the same shall severally become due and payable, without
demand or notice, or fail to perform any other act or thing in said note or herein required of or ogreed by said mort.
gager to be done, the entire inde:.tednesa hereby secured shall thereupon become due and payable and this mortgage
subject to foreclosure, at the option of the mortgagee.
3~IINZ~H: In case, his mortgage be foreclosed by a suited as~fol owPa First, to~heeexpenaes n urreddhere~undei
a decree of foreclosure, t =proceeds of such sale shall be app '
including a reasonable attorney's fee for such services as may be necessary for the collection of sat mayeha•+enpa d odr-
the foreclosure of this mortgage; second, to the payment of whatever sum or auma t_.e mortgagee
become liable to pay in carrying out the terms and stipulations of this mortgage, together with interest thereon; and
finally to the neyment and aatiafaction of said note. The balance, if any, shall, unless the Court decree otiterwiae, be
paid into the registry of the Court ha~~ng jurisdiction cif said foreclosure awt, to abide the further order of aslid Court.
TENTH: The mortgagor hereby waives all right ~f homestead and exemptions under the Constitution and Lawa of
Florida; and agrees tha± the note or obligation hereinbefore described and this *-~i:'.3ago are to be construed according
to the laws of t`te State of Florida, where the same are executed.
EI.E~'ENTH: Thslt, in the event that at the beginning of or at anyy, tiros pp6~nding anR snit upon. this mortgage, or to
foreclose it, or to reform it, and/or to enforce payment of any claims herEUnder, said wortggagro ointla receiverhofcsaid
having jurisdiction cltereof fur the appointment of a receiver, such court shall Sorthwith app
mortgaged property all and singular, including all and singular the rents, income, profits, Issues and revenues from
whatever source derived, each and Query of which is hereby mortgaged ae S1 specifically set forth and described in the
granting and hebendum ciausea hereof, and such receiver shall have all the broad and effective fuuctiona and pow~ra in
any wise entrusted by a court to s receiver, and such appoi-ttment shall be made by such court as an admitted equity
anti a matter of absolute right to said ntertgagee, and without reference to flee adequacy or inadequacy of the value o!
the property mortgaged or to the solvency or insolvency of said mortgagors and/or of the defendants, and that such
rents, profits, income, issues and revenues shall be applied by such receivers according to the lien and/or equity of said
tt;ortgagee and the practice of such court.
xWELFTH: That the mortgagee may release for such-consideration, or none, as it may require, any portion of the
hereindpro•~idedlf rd the moortgagee compared t7 anyt ubordinattye~ lienhoiddt•8e .iFnprtlring er affecting the lien and priorities