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And ahall duly, prnmptty aad luAy parform, discharg~e. e~cecute, effeet, complete, comply with and sbide by each
and every the atipulwttons, agreeuie~tg~ conditiona and covenanta of eeud promiasury note and oi thia mortgAge, then
this mortgage and the eatate hereby cres?ted ahwll ceaee and be null xnd ~~oid,
And the Mortgaqor covenanta,. and agreea to and with the Mortgagee as follow~s:
1. To pay the principal and intcrest and the vurious and sundry sums of money payable by virtue of said promis-
aory note and this mortgag^e prumptly on the days the same become due and Mortgagor will promptly perform and
comply wit}? each and every other covenant and agreement in said proraissory note and mortgoge. ~
2, To pay the tazes, asaesaments, levies~ liabi~ities, obligations and incumbrances oi every nature and kind now
on said described prnperty, or that hereafter msy be impoaed, suffered, placed, levied or assessed thereon, or Lhat
heresiter may be levied or saeesaed npon thia mortgag~e or the in~debtednesa secured hereby, when due and paysble ac-
cording to law, before they become delinqnent, and before any interest attaches or any penaltp is incurred, and insofar
as any thereof is of record the same ahall t?e promptly satiafied snd discharged of record anci the original official
document evidencing such eatisiaction and diacharge ahali be placed in the handa of said Mortgagee within ten days next
after payment. Tue covenant8 and agreements in this paragraph shall not be applicable to the taxea and assessments
which ax~e to be paid out oi the funds deposited with the i4~ortgagee unless hereinaiter set farth. As to ta7cea levied or
assessed upon this mortgage or the indebtedness secured hereby, the Mortgagor shall be required to paq only so much
of such taxes for the Mortgagee which, when added to the other payments oi interest required hereunder or by the
Note it securex, witl not exceed the maximum legal rate ot intereat then in efiect in the State oi Florida.
3. To keep the improvements now existing or hereafter erected on the mortgaged property insured against loss by
fire and other hazards, casualties and contingenciea, including trar damage whenever reguired by the Mortgagee, in
such amounts and for such perioda as may be required by Mortgagee. All insurance shall be carried in comp~nies
appsoved by Mortgsgee and the policies and renewals thereof shall be held by 3dortga~ee and have attached thereto
standard mortgagee clauses in favor of and in form accepta~ble to the Mortgagee. In event of loss Mortgagor witl
give immediate notice by mail to Mortgagee, and Mortgagee may make proof of loss ii not made promptly by
Mnrtgagor, and each insuranee company concerned is hereby suthorized and directed to make payment for such loss
direetly to Mortgagee instead of to Mortgagor and Mortgagee jointlq, and the inaurance proceeds, or any part there-
of, may be applied by Mortgagee at its optian either to the reduction of the indebtedness hereby secured or to the
restoration or repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to
the mortgaged property in e~ctinguishment of the indebtedness secured hereby, ail right, titie and interest of the Mort-
gagor in and to any insurance policies then in force shall pass to the purchaser or grantee.
4. To permit, commit, or suffer no waste, impairment or deterioration of said propertp or any part thereof. In _
the event of the failure of the Mortgagor to keep the buildings on said premises and those Lo be erected on said premises, ~
or imprnvements thereon~ in good repair, the Mortgagee may make such repairs as in his discretion he may deem
necessary for t3ie proper preservation thereof and the full amount of each and every such payment sh$11 be immedi-
ate3y due and payable, and shali be secured by the lien of this mort.gage.
5. To pay all and singular the costs, c}iargea and expenses, including reasonable attorney's fees, cost of abstracts
of title and title szarches incurred or paid at any time by the Mortgagee because of the failure on the part of the Mort-
gagor promptly and fully Lo perform the agreements and covenants of said note and this mortgage, and said costs,
charges and expenses shall be immediately due and paysble and ahall be secured by~ the lien of this mortgage, and such
expenditures shall draw interest at the rate of eight per centnm per annum.
6. That (a) . in the event of any breach af this mortgage or def~tult on the part of the Mortgagor, or (b) in
the event the said sums of money herein referred to be not promptly and fully paid without demand or notice, or (c) in
the event the stipulations, agreements, conditions anc~ covenants of said note and this mortgage are not duly, prnmptly,
and fully performed, then in either or anq such event, the said aggregate aum mentioned in said note then remaining
unpaid, with interest accrued to that time, snd all moneys secured hereby, shall become due and payable forthK*ith,
or thereaiter, at the option of said Mortgagee, as fully and campletely as if all of the said sums of money were .
originally stipulated to be paid on such day, anything in said note or in this mortgage to the contraty notc~vithstanding;
and there~ipon or thereafter, at the option of said Mortgagee, without notice or demand, suit at law or in equity may
be prosecuted as if ail moneys secured hereby had matured prior to its in3titution.
7. The Mortgagee may, at anytime while a suit is pending to foreclose or to reform this mortgage, or to enforce
any claims arising hereunder, apply to the court having jurisdiction thereof for the appointment of a receiaer, and
such court shalt forthwith appoint a receiver of the prernises and all other property covered h~reby, including all and
singu:ar the income, profits, rents, issues and revenues from whatecer source derived, and such recei~•er shall have all
the broad and effective functions and powers in anywise entrusted by a court to a receiver, gnd such appointment shall
be made by such court as an admitted equity and a matter of absolute right to said Mortgagee, and without reference
to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insoivency of said Mortga-
gar or the defendants, and such income, profits, rente, issues and revenues shalt be applied by such receiver according
to the lien of this mortgage and the practice of such court.
8. The Mortgagor a~ill give immediate notice by mail to the Mortgagee of any conveyance, transfer or change
of ownership of the preraisea or any property covered hereby.
9. If the ~ortga.gor defaults in any of the covenants or agreements contained heretn or in sAid note, then the
Mortgagee may perfvrm the same, and all such e~rpenditures rnade by the Mortgagee, including a reasonable attorney's
fee, in so doing shall draw interest at the rate of eight per centum per snnum and shall be repayable immediately
and a~ithout demand, and all such eapenditures shall be secured by the lien o: this mortgage.
1 10. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be
~ held to be a waiver of the terms hereaf or of the note secured hereby.
11. That the rnailing of a written notice ar demand addressed tu the owner of record of the mortgaged premises,
or directed to the said owner at the last address actually furnished to the Mortgagee, or directed to said owner at eaid
mortgaged premises, and mailed by the linited States maiL9, shall he sufficient notice and demand in any case arising
under this instrument and xequired by the provisions hereof or by 3aw.
12. That in order more fully to protect the security of this mortgage, the Mortgagor, together with and in addi-
t:on to the monthly payments under the terma of the note secured hereby, on the first day of each month and until said
note is fully paid, ahall pay to the Mortgagee, an instsllment of the taxes snd assessments next to become due against
the murtgaged premisea~ and an installment of premiums next to become due on insurance policiea required by the Mort-
gagee. Such installments shall be equal respectively to such taxes and asse3-ments and insurance premiuma, all as esti-
mated bq the Mortgagee, less all sums already paid thereon, divided by the number of months that are to elapse hefore
one month prior to the date when such taxes and as~essments and insurance premiums will become due. Said install-
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