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Home My WebLink About0217 0, ... ' 8(J~ . 57 fAH 215 .... '. ST. LUCIC C~tJNTY. rL^. .,.. ~..........-..- tlH' ~lortgaRec may, at its option, make nJch rer,airs as ;t deerns';~~c'l~~"r}:-a'nd eflectuate the ~e'luired insurance, all at the expense oi the Mortl{agor. Any amount paid by the MortgaR'~e on account of such taxes, <.SSoessments. insurance premiums, lien~, charges or repairs, with interest thereon Crom the date of payment thereof lly the Mortgage-e at the rate of 10% per annum, !\hall be a lien Upo{l the property hereby mortgaged and shall lie a debt !;ccured by this mortgage, roepayable by the Mortgagor forthwith upon demand. 7. To pay to the l\fortgagec whell due and payable the amount of all taxes, including State of Florida income taxes, assessments, public dues or chai'ges levit..>d or to be levied by law within the State oC Florida on this mortgage or on the note or debt or intere;;t secured hereby, or 011 t~e Mortgagee by reason oC the ownership oC this mort- gage or the note or debt secured hereby, or on ,lccount oC interest derived therefrom; but if the amount of such taxes, assessments, public dues or charges mentioned in this p;,~agraph, together with interest on the debt secured hereby, shall exceed the maximum amount permitted by law to be paId for the use of money in the State of Florida, then the Mortgagor shall not be required to pay any such excess; provided, however, that if the aggregate in anv one year of such interest and such taxes assessed against the Mortgagee bhall exceed such maximum amount permitted by law to be paid for the use of money in Florida, the Mortgagee may, at its option, declare the entire indebtedness secured hereby due and payable upon 60 days' notice. If such option is exercised and notice given, then upon the expiration of such 60 days' notice, the entire indebtedness secured hereby shall be due and paya"le, and nonpayment thereof shall constitute a delaulNlIlder this mortgage" entitling the l\lortg;\gee to the exercige of all rights arising by rl'a80n of the happening of any other eV~!lt of default hereunder. --.... Upon th~ passage by the State of Florida of any law imposing payment upon th~ ~fortgagee of the whole or any portion of any ta.xes, assessments or other charges asse8SCd against this mortgage or the note or other indebt- e<lness hereby secured, or upon the rendering b:,' any court oC competent jurisdiction oC a decision that an under- taking by the Mortgagor, as herein provide<l, to pay any such taxes, assessments or other charges is legally in- operative, then and ::1 any !Juch event the debt hereby secured, without deduction, shall, at the option of the r.lortgagee, become imme<liately due and payable, notwithstanding anythinl{ contained in this mortgage or in any law heretofore or hereafter enacted. . 8. To notify the Mortgagee at once of the commencement oC conden~nation procecdings of any character aflect- inK the mortgaged property, or any part thereof. In the event that the mortgaged property is wholly condemned, the l\fortgagee shall receive from the Mortgagor and/or the proceeds of such condemnation proceedings, the balance of principal remaining unpaid on said promissory note, with interest thereon to the date payment is received in Hartford, Connecticut, and all other indebtedness tJecured by this mortgage, and with attorney's fees, court costs and all other expenses incurred by the Mortgagee ill connection with such condemnation, 'If, however, the mortgaged property is partly conder'llled, the Mortgagee shall have the right and option to deter- mine the amount of such condemnation proceeds as it will require toward the reduction of the mortgage debt, with intere!>t thereoll to the date of payment and, in addition thereto, the Mortgagor shall pay to the Mortgagee all attorney's fees, court costs and other expenses incurred by the l\fortg' ~ee in connection with such condem- nation, The l\f ortgagCf: shall have a lien on any money judgment or award given or made to, or in favor of, the Mortgagor as a result of any Buch condemnation proceedings or as a result of a.1Y exercise of the right of eminent domain, whether or not the same is made the subject of court proceedings, aflectinv, the property hereby mort. gage<l, or any part thereof. Nothing herein shall be considen,'(\ as a waiver oC the right of the Mortgagee to oe made a party to such condemnatioll proceedings, or any proceedings aflecting the title to said property, or any part thereof, and shall not obviate the necessity oC making the Mortgag-ee party thereto. - 9, In the eHnt all or any portion of the property hereby mortgaged is included in any drainage or otht'r improYe- Illent district formed or authorized subsequent to the date hereof, or in the event said property, or any part thereof, is in a drainage or other improvement district as of the date hereoC and subsequent to the date hereof the bonded indebtedness of such district is increased or the district is authorized to make additional assess- ments for improvements in excess cf 15<;~ of the assessment in force and eflect as or the date hereoC, then in an\' of such events, the Mortgagee may, <,t its option, declare the entire indebtedness hereby secured due and payabl~ upon six montho;' notice. If such option is exercised and notice given, then upon the expiration oC sllch six months' notice, the entire indebtt:dness hereby secured shall be due and payable and nonpayment thereot slull constitute a deLtult under this mortgage and the same may Qe coll<,>cte<1 I!)- foreclosure or in any other manner provided by law. However, iC the !\10rtgagor pays the said additional assessment in cash within said six months' period, then the right of the ~Iortgagee to accelerate the debt secured haeby, Jor ~aid specific nonpaymenl, shall ter- minate as to such default, without in any manner aflecting the rights of the :\Iortgagee under allY other existing or sllbsequent default under this mOl :"agc or the note secured hereby. If Solid assessment may be paid in in- stalments, then, at the option of the :\Iortgagee, thl' l\lortgagor may av;,il himself of such pri\'ilcge, and there;dter no right of acceleration shall be available to the l\1ortgag-ee unless a ddault occurs under said inst:d- nlLilt payments and said default is not cured in thirty days aCter it:> due date, in which en'llt, the !\lortgagee m-.y, at its ':Jption, elect to accelerate the mort~age debt and proceed with the collection aJ:d.'or foreclosure thereof. 10, To pay promptly all instalments due others upon agreements of lease or conditional sale contracts of all fixtures, furnishings alid l'quipment located on said property. Should the Mortgagor fail to make any such payment, the Mo;tgagee :nay, without demand or notice, payor s.1.tisfy the 5..1.m€ and the amOll/1t so expended shall bear interes: at the rate of 10C;;, per annum and shall be payable by the Mortgagor to th!.: Mortgagee upon demand and shall, with the interest thereon, be securec by this mortgage. All windmills, pumps, pumping plants and irrigation or drainag~ equipment used Cor the irrigation or drail1ag~ of s.'1id property, or Cor stock watering- or domestic purpo;es thereon, all motors, engines and de"ices for the opera~ion of said windmills, pumps, p~mping plants <1nd irrigation or drainage equipment, all refrigerator systems, fire prevention and extinguishing apparatus, al! liKhtinP.', heating and ventilating fixtures and equipment, and all motors, engines, dynamos and boilers, now or ht'reafter installed in, on or about s.'1id property, jrr~spective oC the manner of installation, are and/or immediately upon the installation thereoC, shall become and be fixtures and a part oC the realty and shall not be rt'lllo\'ed from :>aid property without the written consent of the ~lortgage(:, 11. To pay to the Mortgagee promptly upon demand all costs, ~xpenses and attorney's fees, including- the cost of any title exarninatiol', supplemental abstract of title or title insurance, that m~y he incurred by the :\Iortgagee in a 11\' procet'dings, le~:a: or ot:1Crwise, aflecting the 1I1Ortgaged property, or any part thereoC, or the title thereto, or the \'<Ilidity or priority of this mortg-ag-e, or that may be incurred by the \lortg-agee by reason of the Cailure of the :\I()ri~:agor t, keep and perform any of the covenants or agreements contained herein or in said promis- sorv !lott', All slIch costs, expenses and attorney's fees paid by the Mortgag-ee shall bear interest from the date of payment thereoC at the rate of 10(;~ per allnum until repaid by the Mortgagor n.nd shall, with such interest, be :t !)art of the deLt secured by this mortgage. , 12, In the e\'Cnt of default in the payment oC the promissory note hereby secured, or any part thercf)f, or any renewal or extension thereoC, or if th~ l\tortg-agor shall be adjudged bankrupt or shall make an assignment for the benefit of creditors, or if any proceedings shall be taken against the 1'.lortgagor lcoking to the appointment Page, 36 ~