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Home My WebLink About1429 ~ Protld~d./Uwyq sad tl~e p~aents are upoa tbe eupras ooaditbo that iI t6~ a~orqa`oes s6a11 p~Y ~o tl~e mortQa~ee that oertaia ~x~omi~ay aote oE evea dste herarvitb~ P+~Ysbk Lo tha oedK ot t6e mort~a~ee. in tl~s pcin- cipalwmof -11~ent,~ Zbouaaod 83s Hundr~d S~w~t,~-Sigb~ and ~~3/YOODoI]rar~ (i 20,628.13 ' togethec with all irtterest thereoa. Mith firial psyment due gept~~r 1 .19 gS . and ~tb principsl snd ~ intereat payable oa the terms and at tb~ rate provided thereia; aad a11 ca~vsb, eicte~ioo~ oc modificxtiona ot i said note; and shall duly~ p~omptty aAd tully ptrform~ di~charge, eucute, eHect~ oaapkte. oomply ~?ith sad sbide ! by each and every covenaat. agreement~ obligation, co~dltion and stipulatioa ot siwd peo:niMay aote aad of this it matgage deed, each aad e~rery, thtn tbis mortgage and tbe eetate hereby created ~hsil as~e and be AuU and void. ! AI~D the said morttaao» ~o~enaat wlth the said mort~aaee as toUow~: l. That the said mortgagors shall pay all and singular the principal snd iatecat sad other sums oi money payabte accordi~g to tbe tenoc of said note and this mortgage. All sums not paid rvhen due shall bear interest at the rate oE tea per oeatum (10°Jo) per annum untit paid. ~ 2. 'That the said mortgagora shall pay~ before they become delinqueat. all taxes aad a~asmeats of every nature affecting said property. and all other charges and encumbranca whic6 now are~ o~ heresita ~hall be. or appear to be a liea prior to this mortgage upon the said pro~x.rty oc any part thereof.. Ia default tha+eoi said mortgagee may pay and discharge said taxes, assessments~ charga aad encumbraaoa. aad pay such sums of ~ money as it may deeca naoasary theretor~ aad shall be the sole judge oE the validity. le~ality or priocity thereof ; ~ and every payment so made shall bear interat at the rate of ten per oa~tum (10~'0) pa aanuna aad be secur+ed by . the liett ot this mortgage. 3. That the improvemenb on said premises shall be maintained in sound ooaditioa and in good npair, aad that no building oa the aaid preiniaes shall be reraoved~ dtmolished oc wbstantially altec+ed, nor shall aay Cixture or articles of pe~soaal propecty covued by this mortgagc be removed ~?ithout ~rrittea ooasentof t1u said mortgagee. Should said mortgagors tail w raake such na~eeeary~rcpairs~ then taid mert~agee a~ay, at its ~tion. malce sucb repairs or remedy aay wiaste. and any auch sums exp~nded by aaid mort~a~a shali be iauaediately due aad payable~ aud shall bear inte~+est at the rate of tea per centum (10°Jo) per anaum. . 4. That the said mortgag~as shaU keep th~ buildings and improvaneats on tlu said premiaes aad articles of personal property ooverod by thia mortgage inaured against loss by fire and agaiast las by wch hazards as may be requ~red by said mortgagee. ia such iorm and amounts and in such oompaaia approved by said matgagee. AA such policies shall be deposited ~rith said mortgagee with premiums tully prepaid aad with proper mortgagee't - clauses attached thereto. Said mortgagora agree. in the eveat of any bas urida any policy of insurance. that the ; proceeds shall be paid direct to said mortgagee and said mortgagee may. ia ib eok dixxetion~ apply the amount eo ; collected~ or aay part thereof~ on the indebtedneea hereby secured in whatever mantta said mortgagee may dam s ~ advisable, or toward the repair or restoration of the damaged pcrmi~a, or any portion tha+eof. In case said ? mortgagors fail so to insure as herein agreed. the aaid mortgagee ia hereby authoriud to procure and pay for such . _ fire or other insurance; aad evay auch payment shall bcar interest frosa the date theroot at the rate of tea per ~ centum (10°J'o) par annum. - ~ S. That the whole of said principal sum ahall become due and payabk. at the optioa of the said mortgagee. without notice or demand~ after deEault in the payment of any instatlment.of principal or iaterest toc ten days. or atter de[ault in the payment of any tax, ae~essment or iasurance pranium~ eir sker detault in the performance of any rnvenant hereia. and the matgage-be forxiosed. and all oosb aad acpetua of oollection of~ ~aid moniea by ~ foreclosure or otherwise. including attorneys' fees and cosb oE abstract ot titk oc other tide expenee~ shaU be paid by the said mortgagors aad sectued hereby. ~ ~ 6. Ia the event wit is instituted~W forecloee this ruortgage or to enfocee paymeat of any daims 6ereunder~ ` the said mortgagee shall be entitled to the appointment of a Receiva to talce charg~e of tbe said pr~perty~ to oollect the rents. iesues and pro6ts therefrora~ and to care for same. witbout pr~viag iasolveacy. ot any other grounda for ~ extraordinary relief~ aad the said mortgagors hereby oonsent to auch sppointment, at~d wch appoiatment shall be E made by the Court having jurisdiction thereof as a raatter of right to tbe mortQagee and witbout referenoe to the ~ adequacy or inadequacy of the security. or to t}u solveacy or ineolvency of the mortgagon; and aQ renu, pro6b, ~ , incomes. issues ~nd revenues of said mortBaB~ P~P~Y ~~Y P~S~ as further security for F paymeat of the mortgage indebtedness,with the right on the part of the ssid moctgagee at any time atter default hereunder to demand and reoeive the same aad apply the same on the moct;a~e iudebtednas. 7. Tt~at ia the event the property subject to thia mortgage~ or say part thereof ~ ahall be oondemaed or takea for public use under.pcnvesa of aaiueat domain~ the said mortgagee s6aU have tbe riQht to daaaad that all moaey awazded for the~ropriatioa thereof. or damage W aaid lands and p~ani~a~ shall be paid to the said mortgagee . up to the amou of the outatanding indebtednas eecured by this mortQa~e. ~ 8. That the said mortgagee may. from time to time~ extead the time of payraent of ~aid note to sub~equeat ~ ownera of said lands. ~rithout aotioe oc r+equest irom the makers of said note. sad any wch extension of time of payment shall not rrlea~e tbe makers trom liabitity oa said aote. 9. That in tbe eveat of the passage aftar tbis date of aay law ~ the State of Flocids, deducting fro~a tbe value of land for the purpooes ot tazation aay liea thereou. or chaagnn~ in aay manner the la~?s tor the taxation.of mortg•ages o~ debb, or tbe maana ot ool{ection of any such taxa. ~o as to sBect this mo~t~a~~ the lrolder of thiu mortgage and the debt ~rhich it ~ecurea sha11 have-the right to giv~e thirty dsys' writtea aotioe to the o~rner of the ~B~ P~~ *~9~~ ~ P~Y~ent ot the mortgage drbt lf wcb aotke be `i~ren ti~e said debt ~haU ba~me due. PaYabk aad ooikctibk at the end of thirty days. If~ bowever, the ~aid mort~a~s shail pay and discharge every such tas kvied oa this mortga~ or tbe debt which it ~ecura, aad arch psyiaeat aad dischar~e by , the said moctgagors be la~rful. then the holdu ot this mortgage sad of tbe. debt ~?bicb it ~ecures shall aot have the rigbt or ekctioa W~iv~e tbe writtea aotioe above spxified toc the purpae of ~+eadesiaQ tl~e mort~aa~ee debt due. PaYabk and oolkctibk. ~ . $-:~K 11U th~~~2~ . - - - _ . . . . - ~~-+w