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Home My WebLink About1495 (1 R. : J " l:""fJ VI r .'~~ ~12 O .It ;.. -rorin,.tN~ ........ ,lViIItIe"" III reserved of prepaying. on any Intere,t date. 3n 'HPOL"! In addition to required paymer.ts on ace u'l -, I';'l':<.l e~v"'l-"~LP.. 1 equal to the principal portion of one or more next IUCCtlulwe,y en suing Instol!lments not. how",ver, to exceed S., O?O. 00, or, t I t' e rlonth-' this privilege not to be cumulative. The privllele is also reserved of prepaying the full b."~Il~e of p'. any we ve cor.secu IV. ~. "I I on any I~tercst date subject to sivlnl 'not less thin 30 normore thJn 90 days, prior w/ltlen nollee and to paymcllt 0 " p," :~m 013"'. if pre~id during the flllt two ynrl. 2,. If p'ep3ld during the ser.ond two years, 1")1. If prepaid-during the I,llh ",,, from the d.lte 'hereof and nor.e If prepaid therufter. Iny such premium to be corrpuied upon tM sum of the bal.l~ce of p',ner." then outst:lnd'ng lInd other amounts. If any, prepJld under the lirst privilege during the twelve mO'lth. preced,"g such ,wll pre~,'y",enl. Prescntment, protest, and notice are hereby waived. L~L !.u Robert W. Padrick ____(Seal) Robert W. Padrick Virginia J3..L-~adri ck. ~ (Seal) Virginia S. Padrick __( SuI) ,__(Sed) (State 'of Florida doculllentarr stamps in the alllount requin:d by .law He affixed to the original oi the ioregoilli: note and cancelled pursuant to law.) And shaH duly, promptly and fully perform, discharge, execute, effect, complete and comply with and abide b} each and every the stipulations, agreement, conditions and COHnants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null amI void. And the :\lortgagor covenants and agrees to and with the ~lortgagee as follows: }, To pay the principal and interest and the various and sundry sums of money payable by virtue oi said promis- sory note and this mortgage promptly on the days the same ~come due and Mortgagor will promptly perform and comply with each and every other covenant and agreement in said promissory note and mortgage, 2, To pay the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described property, or that hereafter may ~ imposed, suffered, placed, levied or assessed thereon, or that hne- after may be levied or a5..'iessed upon this mortgage or the indebtedness secured hereby, when due and payable accorJing tu law, before they become delinquent, and ~fore any interest attaches or any penalty is incurred, and insofar as an} thereof is of record the same shall be promptly satisfied and discharged of record and the original official document evidencing such satisfaction and discharg-: shall be placed in the hands of said Mortgagee within tm days next alter payment. 111e covenanU and agreements in this par;>graph shall not ~ applicable to the tues and assessments which are to be paid out of the funds deposittd with the :\lortgagee unless hereinafttr set forth. 3. To keep the improvements now existing or herrafter erected (\n the mortgag~d property insured against I~s by fire and other hazards, casualties and contingencies, including war damage whenever required by the :\lortgagee, in such amounts and for such periods :;s may be required by Mortgagee. All imurance shall be carried in companies approved by :\-lortgagee and the policies and renewals thereof shall ~ held by l\tortgagee and have attached thereto standard mortgagee clames in favor of and in form acceptable to the Mortgagee, In event of 105.5 f\'lortgagor will pve immediate notice by mail to :\lortgagee, and Mortgagee may make prc.of of loss if not made promptly b~ )lortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such los, directly to l\lortgagee illStead of to l\lortgagor anrl :\lorl!~agee jointly, and the insurance proceeds, or any part there- of, may be applied by l\lortgagee at its option either to th!" reduction of the indebtedness hereby secured or to the rc,'toration or repair of the property damaged. In eyent of foreclosure of this mortgage or other transfer of title to the mortg<~ed property in extinguishment of the indebtedness secured hereby, all right, title and interest of the :\lort- gagor in anti to any insurance policies then in force shall p:lSS to the purchaser or grantee. 4. To permit. CO:lllllit, or suffer nu waste, impairment or deterioration of said property or any part thereof. III the eHnt of the iailure of the ~lortgagor to keep the buildings on said premi~ and those to be erected on said premises, or improvemtnts th~reon, in good repair, the r,Iortgager may make such repairs as in his discretion he may .Item necessary for the proper preservation thereof and the full amount of each and eHry such payment shall be immediately due :md payable. and shall be secur-:-d by the lien of this mortgage, S. To pay all and singular the C:>stl, charges and expenses; including reasonable attorney's fees, cost of abstracts of title and title ~arches incurred or paid at any time by the Mortgagee because of the bilure on the part of the ~Iort. gagor promptly and fully to perform the agreements and covenants of said note and thiJ mortgage, and said ::osts, charges and expenses shall be immediately due and payable and shall be secured by the lien of this mortgage, and such expenditures shall draw intere~t at the, rate of eighI per centum per annU1TI, 6, That (a) in the eHnt of any breach of thi5 mortgage or default on the part of the Mortgagor, or (b) in the event of said sums of money herein referred to be not promptly and fully paid without demand or notice, or (c) in the eV'=!lt the stipulations, agreements, conditions and cove~ants of said note and this mortgage are not duly, promptly, and fully performed. then in tither or any sllch event, the sud aggregate sum mentioned in said note then remaining un9aid, with interest accrued to ,that time, and all_ moneys secured hereby, shall become due and payable forthwith, or thereafter at the option of said Mortgagee, as lully and completely asjf all of the said sums of money were originally sti~ulated to be paid on such day, anything in ~id note or in this mortgage to the contrary notwithstanding; and thereupon or thereafter, at the option of said Mortgagee, without notice or demand. suit at law or in equity, may be prosecuted as if a11 moneys secured hereby had matured prior to its institution, 7, The :Mortgagee may, at 1nytime while a sui: is, pe!ld!n~ to foreclose or to reform .this mortgage, or to enforce an" claims arising hereunder. apply to- the court havmr Jurls<hctlon thereof for the appointment of a receiver. and sll~h coun shall, forthwith appoint a receiver of the prernise3 and all other property covered h~reby, including all and singular the income, profits, rents, issues and revenues frOm whatevr.r source derived, ~nd such receiver shall have all the broad and effective functions and power! in anywise entrusted by a court td a receiver, and such appointment shall be made by such court :u an admitted equity and a matter of absolute right to said Morfgagee, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said Mort- gagor or the defendants, ar.d such income, profits, rents, issues and reVenues shall be applied by such receiver according to the lien of this mortgage and the practice of such court. 8, The ~ lortgagor will give immediate notice by mail to the Mortgagee of any conveyance. transfer or change of ownership of the premises or any property covered hereby. >" . 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