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(..;tate of Florida (\<X'umrntary stamps In the amC'unt requIred by Ll\w are RffiXM to the origitu\l "t the for,'going note
~,d C<U1. dle-.\ pursuant to law.)
And shall duly, promptly and tully pe1form, d:sdUtI-g", ('x('cutt', dfN't, complete !lI\.! ('umpl\' with and ahi,1\- ,,\'
('itch 1u1,1 e\'t'ry the 8tlpulatloILQ, ngref'ment..., con,iltions and covenanLg ot gai.! promLqsory note anI! (If Ihis nl,.rtgage, thf'i,
thlg nlOrtgi\gf' and the estate hereby created shall cea.'lt' and be null and void,
And thf' Mortgagor covf'nnnls and agrees to and with the ~1:ortgag",- as followa:
1. He will pay the prlndpal and int('n.~t and Ull' V.l dOlLq and sundl)" sunH of mOr\f'Y p1\y'&"I., by viI tu,' of salcl
pl"mis-'"lI)' n"te <U1d this mortgage pn.)mptly on the .hys th,~, s,ml(' be("lIlh' due and he will pn.,mptly perform 1\..11-.1 com.
ply with ,'ach and e\'NY other cov('nant and agrf'ement m s!UcI pronll"SOI)' note and mortgage.
2, He wlll p-'\y the ta.x('s, a.'''S(,SSlnenLg, levies, lIablll ties, obllgatlrons and Incumbrances ot every naturf' and kInd
n,,)'," on "-rid descnb..-d property, or Ulat hl'reafter may be Imposed, suttered, placed, levied or as.sesse'c1 ther('on, 0, that
hpn'atter may be Ipvied or assessed upon this mortgage or the Indebtedness secured hereby, ',>.'hen dUe and payah!i' accord.
ing' to law, betore thPy become delinquent, and before any interest attaches or any penalty is incurred; anti in so far li.'I
anv thereo~ Is ot record the same shall be promptly satisfied and discharged ot record and the arigina.! otflcLd document
evld.>nclng such satisfaction and discharge shall be placed In the hands ot sald Mortgagi'e wJ.thln tpn daY8 next after pav-
ment. The covenan~ and agreements in this paragraph shall not be applicable to the taxes and asses.....mi'nls which are
to be paid out of the tunds depo.slted with the Mortgagee under the tenn.g of paragraph 4 of the."", covenants and ag-rf'e.
menl1l.
3, He will keep the Improvements now existing or hereafter er('{'tM on the mortgaged property Insured against
loss by" tire and other hazards, CMualUec<l and contingencies In sueh arnonnls and tor such periods as may be required by
Mortgagee, All Insurance shall be CRI'ded In companies approved by Mortgagee and the pollcips and renewals thereof
shall be held by ~1:ortgagee and have attached thereto loss payable clauses In tavor ot and In torm acceptable to the
Mortgagpe. In event ot logs he will give tmmedlate notice by mall to Mortgagee, and Mortgagee may make proot of loss
If not made promptly by Mortgagor, and each insurance company concemoo Is hereby authorized and dIrected to make
payment for such loss directly to Mortgagee Instead or to Mortgagor and Mortgagee jointly, and the Insurance proceeds.
or any part thereo!, may be applied by Mortgagee at Its option either to the reduction ot the Indebtedness hereby se.
cured or to the restoration or repair ot the property damaged, In event of toreclosure ot this mortgage or other transfer
ot tiUe to the mortgaged property in extinguishment of the indebtedne!\s secured hereby, all right, title aTld interest ot the
Mortgagor :n and to any insurance policies then In torce shall pMS to the purchaser or grantee,
4, In order more fully to protect the security of this mortgage, the ~{ortgdgor, together wIth and in addition to
the monthly paymenLg under the terms of the note secured hereby, on th(' first day ot each month and until said note Is
fully paid, shall pay' to the ~{ortgagpe an Instalment of the taxl's and assl's,;ments nl'xt to becon1P due against the mort-
gag,,-J premises, ami an Instalment ot premiums next to berome due on insurance policies require,l by th(' ~{ortgagf'e,
Such instalments shall be equal respectively to such taxes an 'I il"Seg~m"nts ami in'mrance premiums, all as ('stimated by
tll" ~!'>rtgilgee. less all sums already paid thereon, dlvi(led by the number of months that are to elapse before on(' month
prior to the dfltp when such lax('s ,lnd asses.,menLq and In.su ra!lt'e premiums will bec,"ne (\u(', Said instalnH'nts shall be
hel,1 by the ~lortgagee In tnlst to pay such taxes anll assessmenLs an(! insur;mce premiums, All paYllwnts ma<le uw\Pr the
tr-nns ot this paragraph and under the note secur..<I hereby sh1.11 be ad,1r-d tog-ether and the ag-g-regate amount thereot
sh:rll be pai(l by' the ~1:ortgagor In a single payn\t'nt each monlh to be appllp<l by the ~lortgag-('e in payment of the it"ms
an,! in th., ord.'r f,'ll,)wing: I R j t:Lxes and a.."-'\es.-;ments, and ilLsurance premiums; (bj interest on tile note secured hereby;
and I,') amortization pf th(' prinrip"l of silid n,>tf', Any detici('ncy in the fU110unt of such agg-regilte monthly payment shall
c..n,-;titute a dp'aull under this mortgage, \\"hen such taxes, a~,'e,sn1('nts and insuranCf' premiums fall due, if the amounLq
,\(';,o,il,',1 bv th(' :-I,>rtgag-or ror such purposes are not sufficient to pay saId taxes, a....se$!\ITwnts and insurance premiums,
a,s th(' eeL"" may b.., then due, the ~rorlgagor will pay to the ~1:ortgilgee such deficiency immediately, \\"hen such ta..xes,
a$~('s~ents flnll ilLQurance premiums fall du(', if the R.ffioun ts dq)o.;it('<I by tht' ~!ortgag()r for such purposes exceed the
arnounts due for such taxes, a$ses.qments and IlL'\urance premi ums, the ex(','SS lllilY, In the dis,-retlon of the ~l(jrtgflg~', be
app!:eil on subst'quent monthly payments to be millle by the ~{ortgag()r. In th(' event of default unrler this mortg,lge
ill'" un,''<p''llrie,1 f"'ld" In the h~nd,s of the ~{()rtgagee deposi'p,l bv the MnrtgflgOlr to m"d the obllgatlons of taxes, a.,,-s,~.ss.
t!"'nt -; :m,l ircs1lr'anrp pN'mlums sh,dl be applled by the Mortgagee upon the Indebtrones" h('leby' sp('urE'd. In thp following
onh'r: (a) Inlt'r<',~t on ivlvllnl'es n11.(le by the ~lortKag..p; tb) 1l,lvances m,,,k by thl' ~1(Jrtg..g"t'; IC) intPrl'st on thl' prin-
Clp.l!: an<l '<II the prindpal ,!.-bt hereby sE'curf'o, \\'hpn any such tiLX(,~. a..-;g,'S'-;lIH'nts or ini'lr"l1ce pn'miums fall rille the
:-!",-t.;;:Ic.:')" Will promptly' ohtain ar1'I dellv..r to t!w ~!ortgag,~(, "tat"f!ll'nls With respect thprdo, Th" ~lortgagl'e may col.
hod 'I '.:ttt' dni'ge" equal to 4'; on any monUlly iru;talmpnt paid more than 15 d.rys after the due date thereon,
;. II.... \\"ill ro('rmit, cr'rlllnit. or f"llffC'!" no \I,:astfl', iri"'lpail-nlC'nt or Ilt'tf'rioration of ~.1.i(1 pn){"wrty or fU1~.; part th!'fPt.)(.
In th,.... f'\','nt nf thf' f(l;lllrt~ of thp ~f()rtgagnr to kt',('p th~ building." (In .~al(l pP'nli.:::t'.; nnrl U~(l_~('>. to bt. ~n);.,tf'd nn said pn'ln-
b.,,~. 0f improv..mt'l1ts th,'re'):I, i!1 f;OOO rep:dr, th(' :-rort:.;'1gep may 1I1.1kr- such rpp:J.irs ,L'l In his (liscreti(:n he mIL\' (kcm
n"C".-3'\0' for th., propf'r pr(,,,,'rv?ti'm thereof. '
t;, !Ii' will P"Y' 11.11 an.i sing-ular the C(),~l.q. ('harg,'" an (I pXI','n:;"s, inclucling- r('asunab!.. iitt(lm..y's fef',';, c,,~1 (,f flt).
~t!"":lrt-~ l'~ tltl~'>. anel Ut1P ~p'l.rChl.:-:; incurn:d Or plio at any" tinlC' hy thC' ~tortgag('.~ hrcalls" of the fflilllre nn thp p3ft f:.f the
':-'!l):'L~:_l::nr IX'IJn1i'tly rl!ld fully to perfnrn1 thf' figT('('nv'nt::\ an:I cO\'f'nant.-\ of !-=-~tid notp [tnl! thi.~ !l1ortgage. ant! .!'a..ill {'n~t.fi,
-,':1'1:1:'.':' ;H:d f"XfK'n~~"'3 :;hall hr irnn1f"'di:t.te~y (111.-' anti payahlf' ,ul(l sh,1.ll br> ~p('iJrert by Ull" lit-'n of this rnorlgagc, it..!;"! ~'.:(:h
l''<r,,,,!!~q',,,, ~'l,~ll draw inl..rest at U,e rat.. uf pig-ht 1'.'1' (l'ntum p..r annum.
7, Th~t' a) in th.. .'\'('nt of 'iny bn'!\('h of this mortg al:" or dl'falllt on the pilrt of Ill<' ~rortgag-or, or I b) in Ule
l'\'e"t 11"\' 1'[ ~al,1 SUnlS of '''fln"y hi'rein ref('rn,1 to hf' n')t promptly and fully paid without oIt'n1:lnd or noti,''', or (C) in
t:l,' (.'....r:t thr> ~tipt:lati()n~. ngTt'enH'nts. ('()nrliti(ln~ an1 ('O\'en:int.'i of saill nnte and this 1110rtgage are not dllly, prornptly
fl.!"Ji Iq!!'.' performed, th('n In ,'lIher or any' such e"ent, the "alll ai!gr('gat.. sum mention('iJ in sfli'! :lole then rp'J1flining- un.
p:lirl, ,,:ilh interest ac('nlP<! to that time, an'! all m(,n('ys secured hereby, ,hall becolll(' <Ju.. a.nll pay'able forthwitil, or th"rf'.
aft.'r, elt th,' oi,tion of saiel ~1:ortgilgee, a!! (;lIly and completely fLS jf r,ll I,f the said slims fof money Wl're nriginall:,' ~tipu'
!I~" I . , \" P'll'i on ~"ch ,lily, anythir1h In saifi WItI' or in '.illS mortgage 10 the contrilry 1l"twith.'\t:1..l1tling; an" ther,'ll!,'>n
or th'--"'.1.ft.'i', at. thn ((['tinn of s:litl :.lortl:Rg('... with'lIlt notice or demand, s1lit at law or In eqUIty, may be I'n:>sz,e:tpd ,LS
i' all I!\ ':1"\'; ~"',uct'd hei'eby h;"I In:1lurect prior to it... institution,
F.. Th.' :o.rurtgagpl' milY. at any time while a suit Is pen'ling to for,.,']ose or to reform lhls mortgRge, or to r-nfor,'e
an\' clelll:;; :;, ',i!1~ !l('rt'uni<>r, apply to \lIP cOl:rt having jurisdiction thert'of for the al'l',jintmr-nt of a recdver, "no! ,nH'h
CCouct shall f"rtil',\'ith flppoint Ii !'€('el\'er ot the pn'mlses and all other prop"rty covpre" 11,'rl'by, inc]uriing- all an,l sin.L,'lihr
tn" In..o:n,', II!ofl!.', !','nts, issues and revenues from whate\'er source derived, flnd Sllch r\'rei\'f~r shflll have al! thl' I.road
arlil (>f(('cUVt' f:l~icti(,n.~ ano r,o(ysers in an)'\\'L~ ('ntrusted by. a court tf) a rp('f'i'/cr. ann such nppoinUnent ;:';!l({ll b(' I1H1.(!e
by such C'"llt as 'I" ,..lrn:tted equJty and a matter ot ahsolute rIght to said ~fortg'agee, ani wilhOllt !'('fen'n(',' to the aile.
qUf\cy or ina'.lPqllacy "f the value ot the property mortgaged or to the solvency or llL3olVl'ncy ot :mId ~r()rtgRgor or the
dr,fenctan !.Q, and ",Ich in('o)m(', pr,)fi Lg, ri'n l.g, Issues and reven ue.s shall be applied by such recd','('r according to the lien of
th!s mortgage and the practice r.f sllch courl.