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HomeMy WebLinkAbout0095 ~ ~ fines~ or impositions~ for which provision has not been made h~e~inbefore. and in default thereof the mort- gagee may pay the same; and that he will promptly delever the official receipta therefor to the mortgagee. 5. That he will permit. commit~ or suffer no waste. impairment. or deterioration of said propert~~ or ~ any part thereof ; and in the event of the failure of the mortgagor to keep the buildings on aaid premises ~ and those Lo be erected on said premises. or improvements thereon~ in good repair~ the mortgagee ma~• make such repaira as in ita discretion it may deem necessary for the proper preservation thereof. and the full amount of each and every auch payment shall be immecliatcly due and payable, and ahall be secured by the lien ot this mortgage. 6. That he will pay all and aingular the costs. charges~ and expenses, including reasonable la~~ yer's feea~ and costa of ab~stracts of title~ incurred or paid at any time by the mortgagee because of the failure on the part of the mortgagor promptly and fully to perform the agreements and cQ~ enants of said prom- issory note and thia mortgage~ and said costs, charges~ and expenses shall be immeiliately due and pay- able and ahall be secured by the lien of this mortgage. 7. That he will keep tt~e imprnvements now existing or hereafter erected on the mortgaged propert~. insurrcid as may be reqnired fmm time to time by the mortgagee against loss by fire and other hazards, casualties. and contingencies in such amounta and for such periods as may be required by mortgagce. and will pay promptly. when due. any premiums on such insurance for payment of N hich pro~ ision has not been made hereinbefore. Ali insurance shall be carried in companies appro~ed by mortgagee and• the policies and renewals thereof ahall be held by mortgagee and have attached thereto loss pa~ able clausea in favor of and in form acceptable to the mortgagee. In event of loss he wiU gire immediate notice by mail to mortgagee. and mortgagee may make proof of toss if not made prnmptly by mortgagor, and each insurance company concerned is hereby suthorized and directed to make payment for such loas directly to mortgagee instead of to mortgagor and mortg~ee jointly, and the insurance proceeds. or any part thereof. may be applied by mortgagee at its option e~t er to the reduction of the indebtedness hereby secured or to the restoration or repair of the prnperty damaged. ln event of foreclosure of this mortgage or other transfer of title tp the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title, and intereat of the mortgagor in and to any insurance policies then in force ahall pass to the purehaser or grantee. . 8. That the mortgagee may. at any time pending a suit upon this mortgage. apply to the court hav ing jurisdiction thereof for the appointment of a receiver~ and such court shall forthwith appoint a receiver of the premises covered hereby all snd 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 as if specifically set forth and described in the granting and habendum clauses hereof, and such receiver shail have all the broad and effective fanetions and powers in an~ v? ise entrusted by a court to a receiver, and such appointment shall be made by such court as an admitted equity and a matter of absolnte right to said mortgagee. and without reference to the adequacy or inad- equacy of the value of the property mortgaged or to the soivency or insolvency of said mortgagor or the defendants~ and that such rents. profits. income. issues. and revenues shall be applied by such receirer according to the lien of this mortgage and the practice of such cour~ In the e~•ent of any default on the part of the mortgagor hereunder~ the mortgagor agrees to paY to the mortgagee on demand as a reason- able monthly rental for the premises an amount at least equivalent to one-twelfth (lis) of the aggi•egate of the twelve monthly installments payable in the then current year plus the actual amount of the annual taxes assessments, water rates, and inaurance premiums for such year not covered by the aforesaid mont~ly payments. 9. That (a) in the e~•ent c~f an~~ b~rach of this mortgagc or default on thc pai~t of the mortgagor, or 1 L) in the e~•ent that an~• of said sums of money herein referred to be not prvmpth• and full~ paid i~~ith- - out demand oi• ~iotice, or (c) iii t)ie erent that each and e~•er~ the stipulations, ag~•eements. conditions. and corenants of said note and this mortgage. are n~t duly~ p~~umptly, and lull~~ perform~d; then in cither or an~• surh ~~~•ent. the said aggregate sum mentioned in sai~l uotc ti~e~~ rrmaining w~paid, ~~•ith intei•est accrued to that time. and alt ,~wues•s serureci hereby, shall become clue and payable forth~~•ith, ur tl~ereafter~ at the option uf sai~l mortigagee, as full~• and complet~•h• as iC all af the said sums of mone~- ' ~~-ci•e orginall~• stipulated to be paid o» such day. an~•thing in said note or in this mortgage to the contrary ; not~~•ithstandiug ; and thereupou or thereafter. at the option of said mo~~tgagee~ «•ithout notice or demand. i suit at la~~• or in equit~•. ma~• iie prosecutec~ as if all moxe~•s securecl herebs• had matureci prior to its insti- I tution. The moi•tgagee may foreclose this moi•tgage, as to the amount so declared due and payable. and E ti~e said premises shall be sold to satisfy and pa~• the same together ~~•ith costs. expenses~ and allo~~•ances: ~ [n case of partial foreclos~n•e of this mortgage. the moi•tgaged premises shall be sold subjecL to the con- ~ tinuing iien of tl~is mortgage foi• the amonnt of the ~lebt not then due ancl unpaid. In such case the pro- ~•isions of this pai•agraph ma~ again be a~aile~i of thereafter from time to time b~• the mortgagee. . ~ ~ 10. That the mortgagoi• ~~•ill gi~~e immediate notice b~• mail to the mortgagee of any con~•eyance~ ~ transfe~•. or change of o~~-nership of the premises. ~ 11. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter I~e held to Ue a waiver of the terms hereof or of the note secui-ed hereby. ~ 12. That if the_mortgagor default in any of the covenants or agreements contained herein. or in said note, then the mortgagee may perform the same. and all expenditures (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 repayable immediately and without demand by the mortgagror to the mortgagee, and, E together with interest and eosts accruing thereon, shalt be sec~r,ed by this mortgage. ~ ~ 13. That the mailing of a written notice or demand addressed 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 covenants and agrees that so long as thia 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 which imposes a restriction upon the sale or occupancy of tne mortgaged property on the ~ basis of race, color, or creed. Upon any violation of this undertxking, the mortgagee may. at ita option, declare the unpaid balance of the debt secured hereby immediately due and payable. ; ~ (~12.45 in Florida Documentuy r ataa~ps affi~ced to or~ginal ~ note and cancelled.) ~ ~ ~ ~ ~ ~ ~pOK~~J ~ ~ Y ; ~ .~`;=-c§n ~'~sz~,7~~~r.~,. . . . . _ . . . . . . . . I II ~1 _ Y v./ ~i ~ ~ ~'x~ "~r~'