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Home My WebLink About0607 ~ . , t~nea. or impoaitions~ for which provision haa no~ b~e~1 made hereinbefore. and in default thereof the mor{,- ~agee may p~y the same; and that he will prompt~y deliver the ot~ciat receipts therefor to the mortgagee. b. That he will permit. commit, or suHer no witete. impairment. or deterioration of said propert~. or any part thereoi; and in the event of the failure of the mortgagor to.keep the buitdings on aaid premisea and thoae to be erected on s~id prenaiaes. or improvementa thereoa. in good repsir, the mottgagee may make such repairs as in its di~cretion it may deem necesaary for the proper pre8ervation thereof. and the fuU amount of each and every such P4Yment ahall be immediately due and payable. and shall be secured by the lien of this mortgage. 6. That he will pay all and aingular the coats. charges, and expenses. including reasonable laHyer's fees and costa of abstracta of title, incurred or paid at any time by the mortgagee becauae of the failure on tf?e part of the mortgagor promptly and fully to perform the agreements and covenants of said prom- issory note and thta mortgage. and said costs, charq~ea, and expensea shaii be immediatety due and pay- able and ahall be aecured by the lien of thia mortgage. 7. That he wilt keep the improvementa now exiatingor hereafter erected on the mortgaged property. inaured aa may be required from time to time by the mortgageeaga inst loss by fire and other hazards. casualties. and contingencies in such amounta and for such perioda aa may be rgquired by mortgagee, and wil! ps~y promptly~ when due. any premiums on such insurance for payment of W hich prn~ ision has not been made hereinbefore. All insurance shall be carried in companies appro~~ed by mortgagee and the policies and renewals thereof shall be held by mortgagee and have attached thereto loss pa~•abie clauses in favor of and in form aeceptable to the mortgagee. In event of loss he ~ ill gi~e immediate notice by mail to mortgagee. and mortgagee may make proof of losa if not made promptly by mortgagor, and each insurance company concerned is hereby authorized and directed to make payment for such losa directly to mortgagee instead of to mortgagor and mortgagee jointly, and the insurance proceeds. or ~u?ypa rt thereof~ may be applied by mortgagee at its option ei her to the reduction of the indebteclness hereby secured or to the reatoration or repair of the prnperty damaged. In event of foreclosure of this mortgage or other tranaf~r of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all righk title. and~iqtere#t~ef the mortgagor in and to any insurance policies then in force shall pass to the purchaser or grant8e: 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 forthw ith 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 as if apecifically set forth and described in the granting and habendum clauses hereof. and such receiver shall have ali the broad and effective functions and powera in anywise entruated 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 reference to the adequacy or inad- equacy of the value of the property mortgaged or to the solvency or insol~ency of said mortgagor or the defendants, and that such rents, profits, income, iasuea, and revenues shall be applied by such receirer according to the lien of this mortgage and the practice of such court. In the event 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 (!12) of the aggregate of the twelve monthly installments payable in the then current year plus the actual amount of the annual taxes assessments. water rates~ and insurance premiums for auch year not covered by the aforesaid mont~ly payments. 9. That (a) in the erent of an~ b~•each of this mortgage or cl~~fault on tl~e part of the moi~tgagor. or l L) in the e~~ent that au~• of said sums of mone~• herein referred to be not promptly and fully paid ~4ith- out demand oi• notice. oi• (c) in the e~ent that cach and e~er~~ the stipulations. agreements, conditions. ancl co~~enants of s~tid note a~id this moi•tgage. are not duly, pi~,mptly~ and fulh• performed; then in either o~• an~• such e~•ent, the said aggregate sum mentioneci in saicl uote then r~•main~ng unpaid~ ~~•ith ' interest accrued to that time. and all mone~~s secureci hereby. shall become due and payable forthN ith. or thereaCter, at the option uf said mortgagee, as full~• and completely as if all af tfie said sums of mone~ I ~rere oi•ginall~• stipulated to I~e ~~aid on such da~~. ant•thing in said note or in this mortgage to the contrary ~ not~rithstanding; and thereupon or thereafter, at the option of said mortgagee, ~~•ithout notice or demand, ~ suit at la~~• or in equitt~. mar be pi•osecuteci as if ail mone~ s secm•eci hereby had matured prior to its insti- tution. The mortglgee may foreclose this mortgage, as to the amount so declared due and payable, and the said pi•emises shall be sold to satisfy and pay the same together ~~•ith costs, expenses~ and allo~~•ances. In case of pat~tial forerlosure of this mortgage. the mo~•tgaged pt•emises shall be sold subject to the con- tinuing lien of this moi•tgage for the amount of the ~iebt not then due and unpaid. ln such case the pro- ~•isions of this parag~•aph may again be availed of tl~ereafter fi-om time to time b~• the mortgagee. 10. That the mortgagor ~cill give immediate notice by mail to the mortgagee of any conreyance~ transfe~•. or change of o~rnership of the premises. 11. That no waiver of any covenant herein or of the oUligation secured hereby shall at any time thereafter be held to be a K ai~~er of the terms hereof or of the hote secured hereby. 12. That if tlie 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 raortgagee in so doing ahall draw interest at the rate set forth in the note secured hereby, and shall be repayable immediately and without demsnd by. the mastgagor to the mortgagee, and, together ~vith interest and costs aocruing thereon, shall be secured by this mortgag~e. 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 raortgagee, or directed to said owner at said mortgaged premises, and mailed by the United States mails, shall be sufl5cient notice ~ and demand in any case arising under this instrument and required by the proviaions hereof or by law. 14. The mortgagor covenants and agrees that so long as this mortgage and the said note secured hereby are insured under the provisiona of the National Housing Act, he will not execute or flie 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 thia undertaking, the mortgagee may, at ita option~ declare the unpaid balance of the debt secured hereby immediately due and payable. (=ib•~0 ia tiorida Doo~witar~ •ta~pa aitiz~d te ori~issl eet• a?aa oaec~li~d• ) eooK 144 ~ 6 . _ ~ - - . - _ - ~ ~~_y 4 ~