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Home My WebLink About1298 PROVIDED ALWAYS, And these presents are upon these expresa conditiona, that, if the said mortgagor s , shall pay the said mortgagee one certai~i promisaory note , of even date hcretoith, signed by mortgagore. J. T. Wallace and Ruby Mae Wallace, his wife, and mcrde ~a~able to the orc~er o~ the martgagee at their offices : 1416 N. ~3oulevard. Tampa, Florida (Post Office Box 3286, Tampa 1, Florida). in the principal sum of ~8, 000. 00, payable $6q. 69 per month, including interest at the rate of b-1/2°J6 per annum, payable monthly from time to time on the unpaid principal balance. And untit #h8 payment of saici ~ote , a»d each of them, or any exte?e.sions or renewais thereoj in whole or sn part, and any other i~debtedness secured hereby, a»d the perfarmance of all Gove- nants a»d agreements herein, shaR pranaptty pay aR taxes and assessments of every kind tevied or asse~ssed an the said property (also upan this mortgage and the m,oneys secured hereby to ths extent hereinaffer set forth), and shail »ot permit or suffer said grrapertJ, or any ~art thereof, to be sold for non-payment of ta~es or a~ssessments, or the saici taxes or assessme~nts to become deiinquent; and shali keep the buildings and other improvements which are now or may here- after be erected on the premises insured against aI1 risk by fire en a su~n not tess than Eight Thousand (~8, 000. 00) Dollars, in •a good and responsible insurance company, for the benefits of the mortgagee , said insura»ce compacny to be approved by and the poiicies or any renewals thereof to be depavited urith the said mortgagee ; and in ths event of loss or damage to the buiidings or improve»icnts on saici premises, the proceeds o f such insurance shail ba apptied ix reduction of the debt, or in restoring the premises ar property, as the mortgagee shaii eJect; and Shai1 not commit, permit, or auf fer any strip or wa8te of said premises or 1rrop- erty, and shaR pay ali the moneys and ~erform aii acts and carry out a11 promises and agree- ments that are secured hereby, at the time a»d ~n the manner hereix apecified, then these gres- e~nts shall be vaid. I . ~ And the said mortgagor s do hereby promise, covenant o~nd agree to pay to the aaid ~ mort a ee ; 9 g , the sa~ict sums of money and interest as rri~ntioried in and represented by aaid ~ prom~ssory note , a~d each of them, or any eacte»sions or renewals thereof, and secured to be ~ paid as aforesaid, a»d also to carry out and perjorm each and every other covenant and agree- a ment herein set forth, and do promise, cavenant and agree to pay ali taxes and assessments ~ o f every kind and character levied or asaesaed on said praperty, and every part th ereo f, be f ore ~ the same become deli»quent (and aiso u~pon this fnortgage and the moneys secured hereb~ to the ex- ~ tent hereinafter set forth), a~d not to Permit the said property or any part tlaereof, to be sold on ~ account of non-payment of taxes or assessments of any kind; and to promptly pay aIl insuranc~ _ premiums fhat may become due upon insurance polictes issued upon buildings or other im1rrrn;e- ~ ments on said premises during the continuance hereof; and to pay a1l costs, charges and ex- penses in collecting the mrnaeys hereby secured or in e?=forcing or protecting the rights a~ul snter- r ests of fhe saui mor#gagee herein, or aecured hereby, inctuding reasonable attorney's fees and commissions, whether coilected by f oreciosure or otherwise. x ~ And the mortgagor s, covenant and agree to pay ac11 faxes that may be levied or ~ assessed on this mortgage ure..~ the moneya aecured hereby, PROVIDED that in no eve~nt shaZl _ the amaunt paid on account of such taxes, togeth~r with the interest paid on the indebtednesa ~ secured bTj this mortgage, exceed the maximum is:ferest rate a~owed by law. ~ = _ It is ~urther covenanted and agreed that, if default shaR be made in the pay»zent of said ~ sums oj money, or any part thereof, as specified in or represented by said note , or either of ; ~ them., or any extensan or renewals thereof, or if tlie interest that may become due thereon, or ~ any ~nart thereof, shaR be behsnd and unpaid for the space of thirty days, or if defauit ~ shaR be made in the ~ paym~e~nt of taxes or ~ assessn:ents of . an~ kind or character, as hereinabove set forth, insurance premiums, or any sums of money as provid,ed herein, or if there sha1l be a j ~ ~reach or violat+on of, or defauit in, any oj the covenants or agreements herein contained on the = ~ part ot the mortgagor s, then it shall be aptional with the mortgagee to consider ai1 unpaid Y ~ note , or the princi~ai sum hereby secured and remaining unpasci, crnd accrued interest thereon, ~ ~ as immediately due and payable, c~d said mortgagee shaA have the right to znstitute pro- ~ ceedings to enforce the collection of aii sum,i due hereunder, or to forectoae the lien of this mort- . ~ gage btj reason of such breach or valation hereof, default herein by the mortgagors. ~ BaoK 141 95 . ~ _ ~ . _ _ . _ u~~