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Home My WebLink About2748 r. I~ .",ti~ . ~1 I s I~ rifiht, appurtenant thcreto, including any aw~ard for chanye af grade of streets. Mort~agee is her~eby autharized, an behalf i ~ a~ i~i thr name ~f Alurtgcgurs, to execute and deliver valid acywttunces fur, and tu upp~•~il ii~~m, auy ~u~h ju~lgments or ~ s«~ards. Afortgagee may apply all sums ur any part thereoF received ureder (a) and (b) a[wve xfter the paymcnt of all of its experues, Ineludin~ eosts and attarntys' fees, an tho indebte+dnacs seeureci hertby in sueh mam:er as it elects, or, at its I optioa, the entire amount or any part thereaf so received tnay be rdeased. TO HAVE AND TO HOLD in fce simple 4he above g-antcd and described mortgaged property to !he Mo?tgagee, its cveeessors and assigns focever. Mo~t~ gagors hereby ctrveaurzt with Rlortgugee that they are inJefeasil~ly ~eized ~f the murtgagec~ properry in fee simple and have Eull power and law~ful right to rnnvey the same a+ afore~aid; that it shall be lawful for the bfortgagee, its successors and assigns, at ull times peaceablv and Quietly to enter ~apun, hold, ocrupy :~:~d en~oy the mortgaged property and every part thereof; ihAt the mortgaged prop~~Y i.~ free from all encumbrances; that the Mortgagon wiU malca such furihee assurances to perfett the fee simple tide M the moetgaged property in the Alvrtgu~ee, its succesaors And axsigns, a~ may reasonably be required; and that the Mo+Ygagwt tlo hereby fuUy warrar~t tht title to the mortgaged property and eve:y part thereof and w~ill defend the same against the lawful claim of all per~ons whomsoever. PROVIDED ALWAYS that if the blortgogors shall (1) pay to !he Mortgngee that certain : romissory note of e~+en !I da.e herewith (hereinafter called the "mortgage note"), exeauted and deliverrci by 61u~tgugurs and paya'ble to the order ~ EIGHT THOliSAtiTD FIVE ~HUND2~D AND N~`/100 of the Mortgagee, in the principal s~:m of-------------------------- - O -------Dollars ($-c~, )OtO~~•lllt'i ~vi!b iirterest at the 7~ rate of-----------_~ per annum until maturity, both principal and interest being payable i~ monthly installments after date ~f $ 65. 91 on the first day of each month beg?nning with the firsi day of the second month ~fter the date hereof, said note being drawn on the customary form of the Morigagee and by refuence be{ng made a part hereof as though Set out herein ia full, and all renewals, extensions or moclificatiou~ uf the mort age notc; sr.d !2) July, promptiy c and fully gerEorm, discharge, execute, aftect, cemplete, cumply ~vith ard abide by each an every coveiwnt, agreement, obli- gation, conditior. and stipulation of thc mortgage note and of this mortgage deecl, then this martgage and the estate hereby ~ created shall cedse and be null and void. il 11lortgagors futher rnvenant and agree to and 4vith Mortgagees as foUows: ~I t. To pay the principal and interest and other sums of mor.ey payable according to the tenor of the mortgage nate i and any renewal, eztension or modiFlcation thereof, and of this mortgage, prompdy an the days respectivcly the sume sa:verallY I become due. All sums not paid when due shall bear interest until paid at the rate of 2$ per annum hiSher chan speeifieti in the mortgage note but in no event greater than the maximum interest rate allowed by law. ~ 2. To pay all tsses, assessments, levies, aad encumbrances of every nsture now or hereafter levied or assessed upon ( the mortgaged property, when due and payable, or on or before 30 days after the same become due and payable, and before ' any interest attaches oz any penalty u incurred; nr.d the or i nal ofEicial doeument ( such as ta.z receipt or sati.~action officially endorsed or certifiecl) shall be imrnediately exhibite~to Mortga~ee or its appointed agent as evidence of such pay-mcnt. 3. To immediately pay and discharge any daim, tien or encumbrancc against the mortgaged property ~ti~hich may he { or berome superior to this mortgage. I I 4. "To place and cor.tinuously keep cn :he. impmvements now or here.after situate on the mortgsged pruperty insurance . ( against toss nr damage by f;re, wir.dstorm and such other hazard as may be required by the bforigugee in such fo:m and asnount satisfactory to and in such eompany or companies as may bc approved by Mortgagee; and all insurance policic, un il any of such improvements shall rnntain the usual standard mortgabee clause making the loss under sa!cl policirx payaole to blorigagee and each and every such policy shall be promptly delivered to and held by blortgu ~ee or it~ appointed agent with ~j pre.miuau fully prepaid; ~nd, not less than ten days in advance of the expuation of each }~~icy, to deliver to Martgagee ( ~I or its appointed agent a renewal thereof, together with a rec ipt for the p:emium due on ~uch rene~~al. In the ed~ent any sum of money beeomes pa}-able under such policy or polieies, Martgagee shall have the opkion to receive and apply the same I on account of the indebtedness secureci hereby or to permit Mortgugors to receive and use it or any part thereof for other I~ Purposes without thereby waiving or impairing any equity, lirn or right under or b}• virtue of this mortgage. ! ~ 5. Tn the event of the passage after this date of any la~~ oi the State of Florida, deducting fmm the value of land for ~i the purpose of taxation any lien thereon, or changing in any manner the laws for the taxation of mortgages or debts, or the ~j manner ot collection of auy such ta:;es, so ~ to att~•cc in auy nianner the security of this mor#bage, the Mcrrtgugee shall ' have the right to give thirty days' written natice to the Mortgdgors reqviring the payment of the mortgage debt. If such ~ notice be given the said debt shall bccome due, payable and cotlcctible se the end of thirty days. If, how•eve*, the Mortga~r~ra li shall pay and discharge every such tax levied on this mortgage or the debt which it secures, and such payment and dis- (j charge by the btortgaqora be law~ful, then the Morigagee shall not have the right .~r election to give the written notice above specifizd for ttae purpose of rendcring the mortgage debt due, payable and eo~lectible. i) 8. To permit, commit or suffer no waste, impair~ent or deteriorat~on oI lhe mortgaged praperty or any ~art there- of, and to keep the buildings and improvements now or hereafter on the mortgaged property in goocl concliuon an~l regair, r; including, but not limited to, such repairs as Mortgagee may from time to time deterrnine t~ be necessary for t}se preserva- ,I tinn of such buiiding and improvemeats. No building now or hereaftar located on the mortgaged property shall be removed, den:olished, or substantially altered, nor shalt any fixture or articles of personal property c~vered by this mortgage be re- ;i movPd «~thout the prior consent of the ~lfortgagea. I~ i. If hfortgogcsrs fail to pa}• any elaim, lien er ennimbrance ~.hich is superiar to this mortqage, or; ~.tincr. tiuc, a~~} taa or a:ses~ment or insurance premium, or to kerp the premises in repair, or shall commit or permit waste, or if there tx ~ I; co:nmenced ar.y acGon or proceeding affecting the premises cr the Gtle therr~to, icicluding, but not linutecl to, emis:ent (I domain and b~nkrugkey or reor~anization p:OCCe'CLI1$5~ then :'Ifort,gegee, at 1Y.5 Op~IUII, may pay said claim, lien, cr.ct~nbrat:ce; tax, ascessmEnt or premium, with right of subrogation thereunder, may make such repairs and take such stc~ps as it de•_•m~ I ad~~isable to prevent or cure such waste, and may appear in any such action or procYCding and retain crounsel therein, and ,i take such action therein as Mortgagee deems advisable, and foi any of said purposes Mortgogee may ac?vn~~~,e such sums of money' induding all cnsts, reasonable attorney's fees and other items of expense as it deems necessai}• and ail such payments shall bear interest from the date of such payment at the rate of 2~ per anr.um hisher than sp~cified in the mort~a~e note hut ~ en no e~•ent greater than the maximum interest rate altowed by law, Mcrtgagee shall be the sole judge of legality, vaiidity and priority of any such claim, lien, encumbranee, tax, assessment and preminm, and of the amount necessary to tx~ pai~l in ~ satisfaction ther~of. ~fortgagee shall not be held acrvuntabie for any d~lay in makinq any such pa:snert, which delay may I~ result in any add;aonml inferest, casts, charges or expense. ~ I I I i I ~ i ~ ~i °oRK ~?~.J j ~ ~ , i~ ~ li . ~