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Home My WebLink About1130 f C i I'', ( ' s ~ 1 o i~ ~ i i~ i~ :i~hts lppui:rnant theretu, including any award for change of grade of streets. rfurtgagec i~ herrby authori-r.c~cl, on Ix•half ii ~i ir. ~he r~~e uf 1lurib,~gu~s, w executc and deliver vaZ~d acyui~tances fur, and tu uppcul frum, any such jua~nents or aW~ards. ii Jlortgagt•e n~ay apply all sums or any part thercof receiver~ under (a) nnd (b) aFx~ve after the payment uf all oI its c~cnses, includ"riig rosts and attornrys' fees, on the indebtednecs secured hereby in such rnaauer as it clects, or, at its ~I op;ion, the entire amount or any part thereot so received may bc released. ~I TO HAVE AND TO liO1.D in fee simple the abc~ve g~unter] and descrit~ed mortgaged property to the Mortgagre, its successars a~d assigns forever. Ma:t~ gagors he:eby ruveciant With Mort~u ~~ee that thry are inclefe~~.ibly sei~ed oE thi murtguged ;I property in fec sirnple nnd have f~:ll power and law~ful right to mnvey the same as afuresaid; that it shall be law4~d for the ~ ; ,1fo~ig:~gce, it+ successors and assigns, at all times peaceably and quiedy to enter upc~n, hold, occupy and ez~juy the mortgaged property a~td every part thereof; that the mortgaged property i~ free Erom all encumbrances; that the 1lorfgugoia will make I, ,uch further as~urances to perfect the fee simple title to ths mortgaged property in the blvrtgagee, its succes~c~rs ancl au~i~~s, j! a> may reasunabl}• be requ~irrd; and that the Morigagors do hereby fully ~varrant the title to the mort~ged property and ~ ~~very part thereof and ~~ill defend the same against the lawEul cluun of all p~rwns whomsoever. I~ YHOVIDL~ D AL~VAYS that if the MoRgagors shull (1 } pay to the Mortgagee that certain pramissory• nots of even i~ clate here~~•ith (hereinafter caL'ed the "mortgage not~•"), e~ec•uted and daliveae~i by :I(nrigugurs an~l puyuble ta the ~rclrr ~ 1I ~f the ~forigagee~, in thc prineipal sum oE- `z'~~'Y_ Z'H~U$~D_ ~D_ NO1100 _ ~ 2l) 1~0~ - - - - - - - - --Dcllars i S - ~ ' A ~reth~'r ~~ith irterc~.t ~t thc• i i i~ i r~tr of _~eV~n _'r ~.rr aii~nun urtil m:iturity, 6oth principal and intcrest bring payable in monthly installmeJ~ts after ~ J~ 15~.06 d~tr nf S----_- on the first clay of each month beg~nning with the first day of~ ~h after ~I the date hereof, ssiid note being drawn on the customary form of the Mortgagee and by reference being ma e a pert here~f ~j as though sei out herein ia full, ar,d all renewaLs, e~etensiont or moclific::itious uf the mart •uge note; s~:d (2) duly, prampt;y ~ and fully perform, discharge, e~ecute, aBect, complete, cr~mpl}• ~tiith and abide by each an~ every crvenant, ugreesnent, obli- i gation, condition and stipiilation of the mortgage nate and of thi, mortgage dced, then this mort~age anJ the estate hereby ~I creaied shall cease and be null and void. ~j :b!nrts«gors futher covenant aiid agree to ancl w-ith ~'?tortgdgees as Follo~vs: j i~ ~ ,i l. To pay the principal and interest and other seims of money pa}~able according ta the tenor oE the mcrtgage note i and any rene~val, extension or modification thereof, and of this mortgage, promptly on tl~e rlays respecGvely the same sc:vecally ( ~ become due. All sums not paid w~hen due shali bear interest until paid at khe rate of 2~ per annum higher than specifiecl in I I the mortgage note but ia no event greater than the maxunum interest rate allowed by law. ~ 2. To pay all taxes, assessments, levies, and ebcumbrances of evcry nature now or hercafter levied ar assessed upon Ii ! il the Aaortgaged property, when due and paya5le, or on or before 30 days after the same become due and p~yable, and before ~ anv ir:terest attaches or any penalty is incurred; and the ori nal ofteci:il dorumznt (such as fax rec-eipt or saWfaction ~ ~ officially endorsed or certified) s?~all be immediately e:hibite~to Mortgagae or its appointed a~;ent as evidence of s~.~ch ; i, pa}z^~nt. I 'I 3. To immediately pay. at~d dischar~e ar:y ciaim, lien or enc~mbmncc against the mortgaged property ~~h~~~h may lx• I nr F+;rome superior fo t}us mortgage. ~ I 4. To place and con.iiiuous! ~ keep on the. imprr,ventents now or hereafter situate on the raortgaged pioperty insurance against Inss or damage by fire, wiii~storm and such other ha~ard as may be required by the ~fortgugee in such fo~ aiid i~ amount satisfactory to and in sueh company or rnmpanies as may be approved by Mortgagee; and all itisurance pc:licic~ on any of such improvements shall crontain the usuai standard matgagee clause mal:ing thH loas under said policies pxyable to ii .iforigagee ar.d each and every such policy shsll t~e prompdy delivered to and held by Morigagee or its appointed agent ~vith i; p:emiums fully p;cpaid; and, not less thao ten days in advance of the eapiration of each policy, to deliver to Mortgagee ~ " or its appointed agent a:enewal thereof, together ~~•ith a rec int for the p emium due o~i such rencwal. ln the event ~~~y ~ sum of aioney becomes pavable under such policy or policies, ~lortgagee shall have tne opcion to receive and appiy the same ~ on account of the indebtec~ness secured hereby~ or to permit Mortgugors to receive anci use it or any part thercof for other 'i purposes Kithout thereby wai~zng or impairing any equity, lien or right under or by virtue of this mortgage. I ,i ' ;I 5. In the event of the gassage after this date of any law• of the State of ~lo:ida, deducting from the value of land for I il the purpose of tacation any lien thereon, or changing in any marmer the laws for the taxation of mortgages or tiebts, or t~:e II manner ot collection of .~ny such tacrs, so as w attrcc in any rnanner the security of this mortgage, the rivrtgugee sh~ill f have the right to give thirty days' written notice to the ~jfortgagors requiring the payment of the mortgage debt. If such i no!ice be given the suid debt shall bccome due, payable and collecGble. at the end of thirty days. lf, ho~~ever, the Mt~rtgagors !i shall pay and discharge everv such ta~ levied on this mortgage or the deoE which it secures, and such payment and di~- ' charge by the bfortgogors be lawful, then the bfortgageE shali r.ot have the right or election to give the written notice abo~~e. specified fot the purpose o; rendering the martgage debY due, payable and co;lectihle. i 6. To permit, comuiit or suffer no waste, impaisme~:t or d~terioration o[ thE mortgaged propcrty or any part there- j~ of, ard to keep the buildings and improvements now or hereafter on the mortgeged prop~rty in gooc] cur.~lition and repair, ~ induding, but not limited to, such repairs as ?6fortgvgee may from time to time detertnine to be neces~sary £or the preserva- i ,i tion of such building and improvements. No building now or hereafter located on the mortgaged pruperty shall be removed, ~ d;•mclished, or substantially altered, nor shall any fizture or artieles of personal ~roperty covereci by this moctgage be mm~ed ~+~ithouY the prior consent oF the Jiortgagee. ;j If Afartg:~ors fai] ;o pa} any claim, lien or encumbrance ~~~hich ic superior to this mort~a~e, or, ti+hrn duc, am " tu or a~se~~ment or in.curar.cz premium. ~r to keep ihe premises in repair, or sh:?Il cor~mit or permit waste, or if there bc I camm~nced any action or proceeciir.g affecting the premis~s or the tiele thereto, includirg, but r.ot limitecl to, emincnt ~ dontu;n an<I banl:ruptcy or reorganization p;oceeuing., then Mortg~~ee, at its optiou, may pay said claim, l:en, encumbrar,ce, i tax, assecsment or pre;nium> wi:h right of subrogation thereunder, may make such repairs ancl take such steps as it deem~ ~ ~ 2C~~'151F)~C to pre~~ent or cure such waste, and rnay appear in azy such ac;ivn or jllOCff'dlii~, and retain counsel therein, and take such action therein as ~ifortga&ee deems advisable, and for any of said purpns~: Murtgegee may advance such sums of monev, includir.g alI costs, reasonable attorntys fees and other items of e~pez~se as it deems necessai}' anJ all such pnyments ~ shall bear interest from the date of such payment at the rate of 'lg per a„~.tim highcr ehan specified in the moriGagc no!e hvt ~ ;n no e~•ent greater than the mavmum interest rate alIowed by law. biortgagee s,hall bc thc so'e jadge of legality, validity ~ and priority of any~ such claim, lien, encumbrance, tas, assessment and premi~~m, and of the amount necrs~.zry ir~ he paid in i ~i satisfaction thercof. bfortgagee shal] not bc held a~ectiuntable for any la~• in ma3:~ng any such paym<~n'., whic~r drlay may ! result in any adciitional inter~t, cAtc, charge~ or expense. ~ tl ' ~i ~ ii ; ; ~ j, ~ ~I ~ R 5~8 ' i! 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