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Home My WebLink About0617 I~ I~I ( i ri~ht~ lppurteuant thereto, including any sward for change of grade of streets. blorig~~gee is her~•by~ authorized, on behalf u: ~i ir. the name u: Jtonbugurs, to rxecute and deliver valid acyuiitanc~e~ for, and to uppe.~i f~wn, auy such juJgments or a~. ards. ,1lvrtgngee may apply all sums or any pact thereaf rec-eived ur.der (a? AR(j ~~7~ atx~v< after ihe paymcnt of all of its ~ expe~ves, including eosts an<1 attorneys' fees, on the indebtcd n~cs secured hereby in such mannrr .u it elects, or, at its option, the entire amount or any part thereof so received ttuzy br relessed. ' TO HAYE AND TO HOLD in fec simplc the above granted and described mortgaged properYy to the Morigagee, its succ~essors and assig~w forever. lfvitgagors herehY crovenant with Alort~u ~~ee that they are inclefeasibly seized of the mortguged property in fee simplc and have full power and lawful right to rnnvey the s~me as afore~ail; that it shall be la.vful for thC bfo.tgagee, its succe~sors and assigns, at all times peaceably and quietly to enter upon, hold, occupy ar~d enjoy ihe mortgaged property and every part thereoF; thut the mortgaged properiy i~ free f:om all encumbrances; that the Afortgugars will mxke such further assurances to perfeM the fee simple tide to the mortgagtd property in the b1oK~agee, its succeauirs and assigns, ~ ac may reasonably be required; and that the Morigagors do hereby fully ~varrant the tide to the mortgaged property and every pa:t thereof and will defend the same against the lawful claim of ail per~ons whomwever. ~ PROVIDED AL~VAYS chat if the Mortgagors shall (1) pay to the Mortgagee that certain promissory note of even da.e here~~•ith ~hereinaltcr called the "mortgage note"), .exc~:utecl and deliveiea Uy bfort~ugurs and payable to the order t ~---SIX TAOUSAND SIX HUNDRED AND NO/100-------------- I of the dtoregagce, in thc principal sum af---_----------------------~--------- i ! 5 600 00 - - - ------IkillArs ( S--~ togcther with intrrest at the I rate of_ I,~r ant~iun until maturih~, both prinupal and interest 6wing payable in monthly installments after ~ dare nf S- ~~95._~_.___ on the first clay of each month beg~nning ~vith the first day of the second month tfter the date hereof, said note being drawa on the customary form of the Mortgagee and by reference bcing made a part hereof as though set out herein in full, and all renewals, esttnsions or madificatioiw c~f the mort ~age note; ar.d (2} duly, promptiy and fully perform, di~charge, execute, aEdeet, complete, wmply ~vith and abide by each anc~ every covenant, :igreeznent, obli- gaYion, condition ar,d stipulatiun of the mortgage note and of this mortgage deed, then this mortgage and the estate bereby ' ~ created shall ce,ase and be null and v~oid. jI bfortgagcrs futhe~ covenant and agree to and ~~~th ?fortga~ees as foi_lows: ~ ~ ~ 1. 'I'o pay ths principal and inierest and other sums of money payable according to the tenor of the mortgage note ~ ar.d r~ny renewal, extension or modification thereoE, and of this mortgage, promptly on the days respecti~~eiy the same scveralty become due. All sums not paid when due shalt bear interest until paid at thc rata of 2~ pNr annum }~igher than specified in ' the mortgage note but in no event greater than the maximum interest rate allowed by l:~w. 2. T'o pay all tazes, assessmea~ts, le~~ies, and e~cumbrancts of every naturc now or hereafter levied or assess~d upon tkee mortgaged property, when due ead payable, or on or before 30 days ufter the same become due and payabie, and Uefore ~ anv interest attaches or any penalty is incurred; and the or i~p nal oftieial document ( such as ta~c receipt or satisfaction officially endorseci or certified) shall be immediately ezhibited to Mortgagee ar its appointecl agent ~ evidence nf such pnyincnt. i I I~ 3. To immediate;v pay and discharge any ctaim, lien or eucumbtance against the mortgaged property ~~hich may he ~ I nr bfrome superior to this mortgage. i~ ~ ~ 4. To place ar,tl contintiou~iy kcep on thp imp*nvc•mf•nts now or herea.fter situate on the rr?ortgaged prope:rty insurance ~ against loss or damage by fire, w-indstorm and stuh other hazard as may be reguired by the Mortgugee in such fo:m and ~ smount satisfactory to and ir. such eompany or eompaiues as may be approvr.l by Mortga~ee; and all insurance po[icir•s vn f l any of such improvements ahalt contain the usual staadard mortgagee clause making the loss under said policies ~ayable to ?4fortgugee and each and every° such policy shall be promp dy delivered to and held by Mortgagee or its appainted agent with premiums fully prepaid; and, nat less than ten days in advanca of the ezpiration of each poticy, to dcliver to Murtgagee II or its appointed agent a renewal thereaf, together with a rec int for the p.~•uiium due on such renewal. In the evf•nt a:iy sum of money becoanes payable under such policy or po4cies, Mortgagee shall have the option to receive and apply the same ~ un a".cun: o. the ir.debted~less seci!*ed here?~y or to prrmit Mortgcreors to receive and use it ar any ~1rt thercwf for othcr 'i pur}~oses a~ithout ±hereby waivin~ o: impairing any equity, Iien or right under or by virtue of this mortgage. , I 5. In the event of the passage after this date of any law• oi the State of ~tcrida, deducting fram the value of land for ~ the purpose of taxation any lien therean, or changing in a.ay manner the laws for the taxation of mortgages or debts, or the manner oF collertion ot a~;y such ta~es, so as to attccc in auy manner ihe secwity oE this mortgagr, the ;tlortg;.gee shdll have the right to ~ive thirty days' ~~ritten notice to the Mortgogors requiring the payment of the mortgagc debt. If such notice be given the said debt shall become due, payable and collectibls at the end of thirty days. If, hm~•e~•cr, the riortgagn~s shall pay and di~charge every such tax levied on this mortgagr. or the debt w~h;ch it secures, and svch payment ar+d dis- c}?arge by ihe Mortgagcxa be lauful, then the hlortgngee shall not hn~•e the ri~ht or election to give 4he •..ritten notice ~ above specified for the purpose of rendering the mortgage debt due, payat~le ai~c, ro;lectible. ~j ' 8. To permit, comznit or suffer no waste, impairment or deterioration of thE mortgaged property or any part there- of, and to keep [he buildings and improvements now or hereafter on the mortg~ged property in good conilition ar.c! repair, includir,g, but not Iimited to, such tepairs as .~fortgogee tnay fr~m time to time determine to be necessary for thc rr;~5«-i~•~i- tion of such building ar.d improvements. No building now or hereafter lacatecl on the mortgaged property shall bc r~:mo~•ed, ~ i~ demolished, cr su}~stautially altered, nor shall any fi~Lure c~z art:cles of pcrsonal propc~r#y c~ver~ci hy thia mn~tqa~t• h~~ - mo~•ed w-ithout the prior consent of the Mortgagee. i ( ( ~ i~ i. Tf ~fvrfgcgors fail to pay any c:aim, lien or enetunb rance ~~:hich is superivr to this mort~aRe, ~r, ~chc•n duc, a;ry i tax or asses~ment or ir.surance premium, or to keep the premises in repair, ~r shal! cr.mmit or permit w•aste, or if ihere be ~ ; j~ cornmenced any action or proceeding affecting the premises ar the title the:~to, inclucling, but not limited to, e:riueni y ~ ' I~ domain and h,.:n6cruptcy ar reorganization p:occedings, then <<forigrgee, at it; op;ion, may pay said claim, lien, cricurnb;arce. i~ tax, assessment or prem}um, with righi of sabrogation thereunder, ma}~ m:i]cc ~uch repairs and take such stc~Ps as it deems I f ~I ad~•isable to prevent or cure ~uch waste, and may appear in an~ such acticn or proceeding and retain cout~sel therein, and ~ ! take such action therein as Mortgagae deems advisable, anc~ for any of said purposes ,l~artgngee may advance such su:ns of i money, including all costs, reasonable attorney's fees and other items of expense a, it deems necessai~• and all SliC}l ~3)'LtQ~ltS i shall bear interest from the date of such payment at the rate of 2~ per a:~r.~iu~hiKhe; tha;~ specified in the mort:;aGe r.o;c h~~t + in r.o event greater. than the mazimum interest rate allowed by ]aw. &lortgagee sha!1 br the sole iud~e of le~ality, valiclity i and priority of any such claim, lien, encumbrance, tax, assessmcnt and premium, and of the amount necessary to be paid in ` satisfaction thereof. :Ifortgagee shall n~t be held accountable for any delay in making a~y~ st~ch r~y,nrnr, .~~h4rh dPia~ may ~ rasult in any additional intcrest, casts, char~es o~ ezpense. ; I' • , ~ i I 0 ~ l1~ r-• I $uax1~9 ~ ~ I ~