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HomeMy WebLinkAbout0525 _ . ~ ~ and shall perionn, comply with and abide by each and every the stip~l~tiona, agreementa„ conditions and covenants of t~e said prn~issory note and of this deed, then this deed and the estate hereby created shall be nutl and void. - AND THE SAID Mortgagor hereby further covenant s and agree a: 1. To pay all and eingular the prin~ipal and interesi~ and other aums of money payable ~ b;? virtue of said prnmissoxy note and this deed, or either, pmmptty an the days respective- ly the same severally become due. 2 To pav all and singular the taxes, assessments, levies, liabilities, obligations and en- cumb~ancea of every nature on sai~i described prnperty, each and every, and-if the same be not promptly paid the Mortgagee may at any time pay the same without waiving or af- fecting the option to foreciose or sny right ~+prein, and every payment so made ahall immedi- ately become a part of the debt secured by this mortgage and shall bear interest from the date thereof st the rate of eigh~ per ~a~ per annum. 3. To pay all and singnlar the costs, charges and eacpenses, including attorneys' fees reasonably incurred or paid at any time by the Mortgagee because of the failure on the part of the Mortgagor to perform, comply with and abide by- each and every the stipuis- tions, agreements, conditions~ and covenants of the said pmmissory note and this deed, or ~ either, and every such payment sball immed:ately become a part of the debt secured by this mortgage and shall bear interest from the date thereof at the rate of eigrt per cen~ i per annum. _ ~ 4. To keep the buildings now or hereafter on said lands insured in a sum equal to at i least the amount of this mortgage, or an amount sufficient to comply with any co-insurance ~ requirements covering the same under the laws of the State of Florida, covering i~oth fire and windstorm or fire witL egtended coverage in a company or companies designated and apprnved by the Mortgag~ , and the policy or policies shall be held by and payable to the said Mortgagee , and in the event any sum of money becomes payable under such policy or policies, the Mortgagee shall have the option to receive and apply the same 6n acxount of the indebtedness hereby secured, or to pFr-mit the Mortgagor to receive and use it, or any part thereof, for other purposes, without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage, and may place and pay for such insurance, or any part thereof, without waiving or affecting the option to foreclose, or any right hereunder, and each and every such payment made by the Mortgagee shall immediately become a , part of the debt secured by this mortgage and shall bear interest from date at the rate of eight per cent. per annum. _ ~ 5. To permit or suffer no waste, impairment or deterioration of said property or any ~ part thereof. ~ 6. To perform, comply with and abide by each and every the stipulations, agreements, ~ conditions and covenants in said prnmissory note and in this deed set forth. ~ ~ To keep all buildings upon the said above described lands in good condition and re- pair, both inside and outside, and also to keep the grounds in good condition and repair, ; and not to change or alter any of the buildings upon the said lands structuraliy in any sub- ~ stantial particular without the v~ritten consent of the~ ll~ortgagee . ~ 8. If any of said sums of money herein referred to be not promptly and fully paid with- ~ inthirty (30) days next after the same aeverally become due and payable, or if each and every the stipulations, agreements, conditions and covenants of said promissory note and this deed or eitner, are not dsly performed, complied with and abided by, the said ag- gregate sum mentioned in said prnmissory note shall become due and payafile forth- ~ with or thereafter at the option of the Mortgagee as fully and completely as if the s~id ag- ~ ~ gregate sum of Ti~O HUNDRSD T~i0U3AND AND NO/100 200, 000 .00 ) - dollars t ~ was originally stipnlated to be paid on such day, an~thing in said prnmissory note or here- in to the contrary notwithstanding. _ ~ 9. That in case any default is made by the Mortgagor , as mentioned in the preceding ~ ~ paragraph, and a suit in equity is instituted by the biQrtgagee to foreclose this mortgage ~ ~ deed, the Mortgagee shall be enfatled to appl}~ to tli~ court having jurisdiction of such suit ~ ~ for the appointment of a Receiver of all and singular the said above described propert3r and " the rents, issues and profits thereof. And it is further covenanted and agreed that therc- upon such court shall forthwith, ag a strict matter of right in tbe Mortgagee , appoint a Receiver of all such property, with the usual powers and duties, inclucling the power to rent ~ ~ the said prnperty and to collect the rental thereof and therefrom; the revenue derived from ~ said property to be applied by such Keceiver as required by law and under the direction of said court. - . ~ a~1~8 - WARD ~ WARO. ATTORi1EYf-AT-LAW. 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