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And th~ ~aid mo~a~os doa hazeb7 eoroaan< Prumxsq~ aeid ~ii'» bo ~d witn t1N aid mosti+~'N as lollows: `
FIR3Ts Tl~t u?id mostsajor will pq to aW aaott~atss ths nott ot oblir?Non Derein~efor~ reterrad to aad LM .
indebbedneas and interest e~iden~ed thereby. and all other sums ~scnred hareb~. eacb and aner~. prompW upoa tl+e ~ .
respatively the se~me seversUr beeome due; .nd ..ill dul~ promp~ly aad lully eoaapl~ aith. keep aad perform all ;
eovensnts and agreenaents in said note or oWi~tion and ~n thb mortea~e in m~nner and form as therein set out; aad ~
will aot commit or auSer any atrip. impairaaent, deterioration or wasLe of satd murt~a8'~ P~PQ~Y. +~a ~ W~1 ~ ~
costs. charges, abstrsct fees, and expenses. including attorneY's fees. whieb the mort~agee puay iaeur in oollectins an~
sum hereby aecured, in eaforcin~ sny oovenants herei~ conlained or in protectia~ ths mort~a~es's secnrity. ~rhether b~
suit or other~vise.
3$COND: So long as an7 of !he indebtedneas hereb~ aeeured ahaU remain outstandirg and nnpafd, the mortsagor '
agrees to keep in full force pnd etfect that eestain policy orpo
licies oi life insur~nce iseued by the mort~agee ~nd wi~ned -
to the mortga~ee as tollateral aecurity for~the payment oi the indebtedness sccu~ed hereby aad to keep~ s~id property ~ad
impmvenients in~ condition and repui~ to permlt the mortgagee to enter upon and inspect said mort~aged propertY to
pmraptly and isit~?fully coraply with srrd obey all Iawa. rules and ordera of every duly constituted governmental author~t~r
~nd to pay as the same become due ~hd payable aU Laxea and assessmenb and'other cherges that may bs levied nr aasesse~
upon or sgainat the aaid prope~ty. or which may bo imposed upon tl~e mortgagee in. Florida by reaaoa of this raortgage
iavestmen~ or upon the mortgage or oblig~tion accompanying the same. or the debt hereby aecured. as well asany appciSe
mostgage tsx now or hernafter imposed bq law in Florida upon said obligst~on or this mortgage, pro~?ided that should the
amount of such tazes. assessments and other chargea paid for We mortgagoe nnder tbb para~rsph together v~ith the ~ntereat
on the indebtedness exceed the hi~hest interest rate perm~tted by Isw oa tl~e indebtednas, mortgagor ahall not be liable to
pay eng oi such e~cceas over the highest legal rate• and elso to pay sU other debta, oWigations or clatms tbat may become
liens npon or chargea against aaid property. whet~er for repairs or for improvements that aro now. or tbat may hereaitet
be made thereon, or otherwise~ and not to permiC aay liea Lo accrue and remain on said properb? or say psrt Lhereoi. or on
a the improvements upon the same. which might take precedence over the lien of this mort~a~e. snd to deposi~ with the
~ mortgagee. ~ll receipts or other aatisfactory evidence of the psymen! oi tazes, ~seessnaenta, ehargea. cle?i~a and lieas o!
avery natare altecting or which may sHect the above described property or uay part WereoL
THIRD: Upon tbe isilnre by the mortgagar topay any oi said taxes or asseaamentt as tUs sams beoome dw
~ and payable, or the paaasge by the Stabe o! any law imp~ in8 pa~ment o! ths whole or say port~on o! any oi ths
taxea or chatges aforesaid npon the mortgagee, or ~upon the rendenng by an~ Court oL,lsst seaort of a daiston that
an nndertsking b7 the mortga gar ss herein provided topa
y taxes. assessmsnts dr ehar~es, as doreasId~ is leg~ll~
inopesative. or in the event ot the passags of any State or Federsl Lw deductina irom tbe valns oi lands for the pnspose
of taxatioa any lien thereon, or chan~ing in any aray the lawa ior the ts~catioa oi most,~aBes or debts aeensed by mottr
gage. or the manner oi the collcction oi any auch tazes so as to prejudiea or sQect this mortga80. thea and in sn~ sneh
event tha debt hereby aecnred. without deduction, ahall, at the option of the naottga6~ee, beeome immedi~t~17 due and ,
collectible, notwithstanding anything contained in this mortgage or any Lw beretotoze or hereaiter enacted, or aty ~
jndicial deci~ion heretofore or hereaiter rendered. ~ '
FOURTII: The mortgagor herein further agrees to kcep tbe inipro~m~enta npon the morttaged P~F~7 .
•aainst loss by Sre aith extended covera~e. and ii required, war damage Lo tLe e~ent anailaWe in auch iuauranee eom-
pe~niea and in auch amounta as may be aatisfactory to the mortgagea, snd to eause a New Yosk or other s4ndud anorF
8'88ee dause aatiafsctory to the mort~ag~ee, to be attsched to anch polides and all payments thereunder shall be mads
to the sole order of the mortgagee as its interest may appesr; and at the option oi tha mortB~6'~e. ~Y P~ ~
insurance paid to it may be applied by the mortgagee to the ooak in vvhole or in psrk ot restoring or sepairing an~
~ d~?mage done by 5re, or oiher husard. or the mo~s Pee au?y retain the satne and apply it in whole or ia part. at its
discretion, to the reduction of the mortgage deb In the event of loaa the mortea8ee is suthosized and empowered to settle
or rn~prnmise claima under said policies, bnt is not obliYate~ to do so.
FIFT~I: The raortgagor also agrees to ddiver to the mortgagee. a11 polIcies of insnrwnoe with e~deaas oi
premium prepsid (renewal policies to be delivered not less than ten days prtor to the respecti~'e dates oi ezpisatioa),
and all sbstracts of titie and title gnarantee policies, all of which ahsll bc? held 6y tho mortgagee without liabilit~
~ and in the event oi foreclosure oi thia mortgage or tranafer oi title to the mort,ga~ed ptoperty in eztin~uishment o~
said indebtednesa, shall become the absolnte prnperty oi mortgagee.
~ Sl%T8: And in the event the mortgagor tails to repair or inanre said property or to deliver the policies, premiuma
paid, as herein agreed. or to pay as the same become dne snd payable the lazea, assasments or eharges wh[ch may bs
aasessed or imposed aa aforesaid, or the liena or ciaima which msy accrue on said property. the mortgagee i~ hereb~
authorized at it~ electioa to repair said property and pay for the cost of anch repaira, to insure said property ~nd psy ,
tha eost of such insurance, and alao to pay said taz~. charges, liens snd claima, or any psrt thereot. without sa~d morL~
gagee vraiving its right of.foreclosure or_ any other sight hereunder~ and the mortgsgor henby agreea to refund on
demand the sum or suma so paid, v~ith intere~t thereon at t6e rate of eight per centum~per annurn, and sn~ and all coats.
charges, abstract feea, attorney'a fees snd other ezpensea incurred in attempting to eollect the same or eniorce payment
thereof, and this mortgag~ ahall atand as securib therefor; and any sneh ~um or suaas so paid ~sball besome a part ot
the indebtedness hereby secnred.` ' •
3BVB\TH: And the mortgsg~or does herebq mortgage, trsnafer, aet over and aaaign nnto the mortgagee as add~
tional aecurity for the psyment oi said mortgage indebtedness all of the rents, iasues, income and ProBt+ irnm the nbow
- described pmperty hereby giving and granting unto the mort8agee a 5ist snd prior lien tbeteon. and the mortgagor
dces hereby Lra~?a~er, set over, ass~gn, and pledge to the aartgagee all leaaes now o~ hereaiter plaeed upon ssid mor~
gaged prnpcrty or any part thereof and do hereby eo~enant and agree that, in the event oi a default aader any of the
covenanta snd prnvisions of thia mortgage, tha neortgagee is hereby authoriud snd empowered to collect and nceive all
auch rents, issues, income and pro8b due and to become due imm any and ull tenants wing or oocnpyins aaid propert~,
or anypa rt thereoi. and to applq the si?me againat the deisnlted payments. So long as there shall be no default 6ero-
under. the mortgagor ahaU have the right to collect, receive and use. withont aeoonntin~ to the mortga8'ee. any and aU
F sueh renta, income and pro5ts derived and to be detived from aaid property.
~ EIGHTH: But it the mortgagor ahall fail to pay or cauae to be paid an~ snms of prindp~l or intarest mentioned
? in eaid obligation, aceording to the terma thenwf. and snch defwult oontinne for s period of thurty dsys, or ahall iail to
; keep any poiicy of life inaurance held as coUateral hereto ia full force and eHeet. or in case o! the utual or threatened
~ demolition or removal of sny building erected n~on aaid property or in tLs event thst ths mort~agor ahsll itil to ps~
said taxes os aaseasments or said premiuma oi inaumnce ss the aame ahall ssversllY become due and payable, wilhout
~ demand or notice, or fsil to periorm sny other Act or thing in ssid note or berein reqnired of or a~reed by satd morb
€ gagor to be done, the entire indebtedneaa hereby securcd shall tl~erenpon become due ;nd psyable and thia mortga~s
snbject to forerlosnre, at the option of the mortgagee. ,
, NINT~i: In case thia mort~age be foreclosed~y a auit in eqni~ and the awrtea8~ea premises be ~old to astisf7
s decree of torecloaure. t6e proceeds oi anch sale shall bs applied as foliows: Fisst. to the ezpenses incurred herennder
including a rea~onable attorney's iee for anch ser~iees as-msY be-neces.+sr7 tor tha collection af-~aid indebtodneas sn~
the fozeclo~ure oi this mortgage; seound, to tbe ps~rment of whatever sum or anads t6e mortgagee msy hnre psid os
becoaae liable to psy in carryin~ ont the terms and stipulations ~i this mo~rt~age, togethet' with intet~st then°n; and
~ finally to !he payment and satisfaction of said note. The bslanee, it sny. ~all, nnleas ths Court decree otnerwise. bs
psid into tLe registry of tl~e Court having jurlsdiction oi aaid foreclosure suit, to abide tbs iurther ordes oi ssid CowrR.
S TENTR: Tbe mortgagor bereby watves nll ri~ht oi homestead aad ezemptions nnder tbe Constitation aa~ I.sws o!
~ Florids; and a that the note or oWfgstion herembefors deacribed snd this mort~ase srs to bs oonstrued ueoordiAi
r to ths Lvra o! e State oi Florids. ~?Lere the same are euecuted.
F ELEVBNTH: That, in tbq e~ent that at tbe be~[nniag of or at timependu~ aY?y sait nppn tbb awrtgsge, or to
foreclose it, or to seform it, and/or to eniorce payment oi any cLims~ereunder satd mort~ag~es shsll apply to the eonrt
~ ~ haring juris~liction thereoi ior the sppointmeat oi a raxirer. such eourt sha~l forthwith appoint a reosives oi said
r ouortgsged propert7 sll and singulsr. ineluding all snd singular the rents, inoom~. profit+. iss~es and renennes irom
~ ahatever source derived, each and evary of wLich is bae mortgsged as ii speci~ieally set iortL and described in th~
grsnting and habendum clauses hereoi. aad snch ssceives ~ have all the broad and ef~ective iunetions snd powen in
r any aise entrusted b~ s court to a reoeiver. and aue1~ ~ppoint~nent shall be made by such eourt as an tdmitted eqnit~
~ and a matter ot absolute right to said mort~a~ee. And withont seferenca to tbe ~dequse~ or inadequsc~ of the ~alue oi
the property mort~a~ed or to the solrene~ or insolvene~ oi asid mortgs~ors and/or oi tbs defendants. and that suck
~ zents, prodts, income. issues ~nd sevenues sLall be applied b~? aueh secei~era aeoordinL W the lien snd/or equity o! stid
~ mortgagee and the praetiee oi sneh oourk ~ '
TR?gI.FTH: TThat the mortgasee ms> >relwe for saeh eonsideratioa, os noas, as it ma7 reqnire. an7 Portion o! t~
~ above deseribed land vrithout, as to We remaiader of the sscnriq. in an! wiss impairlo~ or aRectins tha llen snd pr[otities
~ berein provided for the mort~stse compared to sn~ subordinate lienLolder.
~ ~ - s~~ 87 54~
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