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HomeMy WebLinkAbout0089 ~ ~ i fines. or impoaitions~ for which provision hna not b~en'made hereinbefore. and in default thereof the mort~. gagee may pay the same; and that he will promptfy deliver the otticial receipts therefor to the mortgagee. b. That he will permit. commit~ or suRer no waste. impairmen~ or deterioration of said propert~• or any part thereoi; and in the event of the failure of the mortgagor to keep the buildinga on aaid premises and thoae to be erected on said premisea. or improvementa thereon. in good repair~ the mort~ragee may make such repairs aa in ita discretion it may deem necessary for the pmper preservstion thereof, and the fuil am~unt of each and every such payment shall be immediately due and payable, and shall be secured by the ~:en of this mortgage. 6. That he will pay all and singular the costs, charges, and expenses. including reasonable la~ yer's ieea~ and costs of abstracts of !itle. mcurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor prnmptly and fully to perform the agreements and covenants of said prom- issory note and this mortgage. and said coats~ ~hargea, and expensea ahall be immediately due and pay able and ahall be secured by the lien of this mortgage. 7. That he will keep the improvements now existing or hereafter erected on the mortgagcd property~ insured as may be-required from time to time by the mortgagee against loss by lire and other hazards, casualties~ and contingencies in such amounta and for such periods as may be required by mortgagee, and wiU pay prnmptly. when due, any preminms on such insurance for payment of which provision has not been made hereinbefore. All insurance shall be carried in compsnies appro~ed by mortgagee and the policies and renewals thereof shali be held by mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the mortgagee. Ia event of loss he will give immediate notice by mail to mortgagee. and mortga~ee may make proof of loss if not made promptly by mortgagor. and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds. or any part thereof~ may i~e applied by mortgag~ee at its option e~ther to the reduction of the indebtedness hereby secared or to the restoration or repair of the pmperty damaged. ln event of foreclosure of this mortgage or other tranaf~r of..t~tle,to the mortgaged property in extinguishment of the indebtedness secured hereby. all right~ title, and iriterest of the mortgagor in and to any insurance policies then in force ahall pass to the purchsser or grantee. 8. That the mortgagee may. at any time pending a suit upon this mortgage. apply to the co~rt hav- ing jurisdiction thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of the premises covered hereby all and singular. including all and singular the income, profits, issues. and revenues from whatever source derived~ each and every of which. it being expressly under- stood, is hereby mortgaged aa if specifically set forth anc~ described in the granting and habendum clauses hereof. and such receiver shall have all the broad and effective functions and powers in anywise entrusLed by a court to a receiver. and such appointment shall be made by such court as an admitted equity and a matter of absolute right to said mortgagee. and without referance to the adequacy or inad- equacy of the value of the property mortgaged or to the solvency or insolvency of said mortgagor or the defendanta, and that such rents, profits, income, issues. and revenues shall be applied by such recei~ er according to the lien of this mortgage and the practice of such cour~ In the event of any default on the part of the mortgagor hereunder. the mortgagor agrees to pay to the mortgagee a:~ demand as a reason- able monthly rental for the premises an amount at least equivalent to one-twelfth (!;Z) of the aggregate of the twelve monthly installments payable in the then current year plus the actual amount of the annual taxes asaessments, water rates, and inaurance premiums for such year not covered by the aforesaid mont~ly payments. 9. That (n) in ti~e e~e~it of any bi~each of this mortgage or clefault on the part of the moi~tgagor, o~• ( 6) in the erent tl~at ai~~• vf said sums of money hei•ein referred to be not promptly and fully paid ~~~ith- out demand oi• notice. oi• (c) in the e~ent that eacii and e~ery the stipulations. agreements, conditions. and co~•enants of sxid note and this mortgage. ai~e not duly, pi•umptly~ and fully performeci; then in eithe~• or an~• surh e~-ent, the said aggregate sum mentioned in sxicl i~ot~.~ then r~?maining unpaid, ~~ith intei•est accrued to that time, and all moneys secureci hereby, shall become due and payable forth~~~ith. <,i• thereafter, at the option of said mortgagee. as full~• and completely as if all of the said sums of mone~~ ~~•ere oi•ginall~• stipulated to be paid on such day, an~ thing in said note or in this mortgage to the contrai•y uot~~•ithstanding ; and thereupon or thereafter. at the opt~on of said mortgagee~ w•ithoi~t notice or demand, suit at lair or in equih. ma~~ be prosecuteci as if all mone~s secured hereb~ had matured prior to its insti- tution. The mortgagee may foreclose this mo~~tgage, as to the amount so declared due and payable, and the said premises shail be sold to satisfy and pa~• the same together ~~-ith costs, expenses. and-allo«~ances. In case of partial furerlosutr of this mortgage, the mo~•tgaged premises shall be sold subject to the con- tinuing lien of tlais mortgage for the amount of the clebt not then due an~l unpaid. ln such case the pro- ~•isions of this pai•agraph may again be availed of thereafter from time to time b~~ the moMgagee. 10. That the mortgag~»• ~~•ill give immediate notice Uy mail to the mortgagee of an~• com•eyance, transfer, or change of o~~•ne~•ship of the p~rmises. 11. That no Hai~er of any co~~enant herein or of the obligation securecl hereby shall at any time thereafter Ue held to be a K•aiver of the terms hereof or of the note secueed hereby. 12. That if the: mortgag~ar default in any of the covenants orag~eements contained herein, or in said note, then the mortgagee may perform the same, and all expenditares (including reasonable attor- ney's fees) made by the mortgagee in so doing shall draw interest at the rate set forth in the note secured hereby, and shall be repay able immediately and without demand by the fiortgagor to t.~te mortgagee, and, together with interest and costs accraing thereon, shall be secured by this mortgage. 13. That the mailing of a wtitten notice ar demand arldressed to 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 said mortgaged premises, and mailed by the United States mails. shall be sufficient notice and demand in any case arising under this instrument and required by the provisions hereof or by law. 14. The mortgagor ovenants and agrees that so tong as this mortgage and the said note secured hereby are insured under the provisions of the National Housing Act, he will not execute or file for record any instrument whic~"im~oses a restrietion upon the sale or occupancy of tne mortgaged property on the basis of race, color. or creed. Upon any violation of this undertaking. the mortgagee may. at its option. declare the unpaid balance of the debt secured hereby immediately d~~e and payable. (i1~L.d6 ia llorida Doamw,tar~ stupa a!lis~d to ori~iaal aot• aei! oaao~Il~d. ~ ~ 6~~.~3 ~ _ - - - - ~ ,w.~~ N~ ~ ~ - : ~