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Home My WebLink About0711 ~ ~ . ~ ~I~~ ~PPurteasot thereta indudi~ sua? award for cAa d~ornd~ of stn~ets. 3fwt`cgt~ ~ he:sby ~utborized. oa behalf ua ar.d in the ~au~ aE Atrnts~ago~:, to e:ecute snd ddiva ' acquittaaces Eor, snJ to appeal Iroa. suY suc6 jud~nents or aw~ards. U(o.tgagee may appl~ all sums a a~r W+~ thcreof reorived under (a? usd (b) above dter the payweat of all of its espeases. ir.clud'u~s casts and atta~rys fecs, oa the indebtednas secrurd haeby in such manoec as it dects. or. at ib optioa. tl~e eatlre awount os any n~rt thereof so recaved aaay be rekased. Tt) HAVE AN~ TO HOLD in iee simp1e the above sranted and described mortsaged p~ope~ty to the blortgcgss, :ts ~ suecessors and a,~igns forever. Afori_gogon heieir~ cvvenant with ~fort`ogts that theY ue i~xleEea~iWy aeizal oE the mu~t~8c~1 : pmpe~ty in fce simple and havo [uU poa?e~ an~ it~w[ul ht tu ~onvey tbe same as doresaHl: t1+~t it sball be lawful for tke ae dlortgagee. its succYSSOrs and assig~u, at aU times pe~ce~ and Quiedy to enter upon, bold, occuPY a~e1 en~oy th~ mortgagod p~o~e~ty snd evuY Part thaeof: that tl~e mortSzb'~ P~Y ~ fiee fraa all e~xwnbnnces; that tMs Mo.tsasort wiU iaake : such [erther ass~uaaces to pedect tbe fee simpk tide to m ed p~operty in the ~lutig~ge~. its su~r~eawrs anda~g~u~ € as may ~easonablx berequ~ired: and that the Mortga~eas ~b~Y fully .varnnt the dtle M tbe mortg,sged proputY and every Part tbercof aod v?~iU ddcad d~e ume agaiast the lawfd claim of all persons whoatsoever. PROYIDED ALWAYS tlnt if tbe 11lortaagas shall (1) WY to the blortgagea tW~t oertaio promicsory note of evea date herewith ( he~eia~ita caUeJ the "mo~tgage r.ote" wocuted and ddivecv~d by AlatgWSors and parible M the urder oE the 111ortBeBta, ir? the Principal sum of F'ORTY TWb THOUSANI~ ~ATn NO/100 ~ ~ollars (342, 94ogetha wilh interat at the ! . race ot ~ ve n s pa snawn until mac,uity. boch p~iaapal ana ine«est b«ns wrabie m n?onthty I,ucalLnents dcu date of S 325. 63 on the first day of ach aanth g with the first day af the second month after the date hereo~f. said aote beiag drawa oa the cvstamary form d~ortgegee aad l?y rdaenoe beia~ (2 duly,~p ~ ~ as t6ough set out berein in fu11. aad ~D reaewals. e:trnsions o~ awdifications of the m~rtgage note: a~ ~nd fu1tY Peiform. dischargr,, e:ecate, atFect. camplete, ~omply witb and ~bide~b~? tach and every ooveaaa~ agreaaent. oWi- ; a ted shall cease aud be aull a~e~ gage note and oE tWt matg~ge deed, thea this mo~tgaga and the estate haeby Utortgagorr futher oovenant aad agcee to and v~ith Morigagta as follows: r , t. To pay the p~incipal aud intaest and other sums of moneY Parible according to tbe teaa ~f the mort~ge note and any renewal. exte~ioo or malific:uion thereof. anc! of this g prompUy on'the days respectivd~? tbe saa~e sawerallY ~ become due. Ail s~m~s not paid w6en due shall bear interat ua~paid at the rate of 2f pa annum hi8~er chaa specifial in the moctgage note but in m event gaater than the ma~dmum interat nte allowal by lsw. . Z To pay all taxes. assessments. levia, aad encumbranas aEeve~y nature now or herepfter levied or assessed the mo~tgaged PropeitY. wl~ea due and payaNG or o0 or befoce 30 days dta=the sanue become due and paYa6le, and ore any interc~t attaches or any penalcy is incurrecl; anJ the orig~'aal ofEicial document (such as tau recelpt or satisfaction ; o[ficially wdo~wd or catified) shaII be iuimecliatdy e:bibited tn Nort~ages or its appcunted agwt as evidence of such ; WY~L- • i i 3. To immediacdr wr ~~6~ ~r daim. liea or en~a~mbranoe agairst tbe mortg~:s~ ProP~r which may be or beoo~e suPerior to this mort~age. - 4. To p~ace and cootinuously keep rn the ~mpmvements now or hereafter situate on the mortgrged propertY insurance agai~st bss or damage by fire, wlndstorm and such other huard as may be uired by the l~tortp,uget in wch fo.~m and amount satisfactory to and in such tvmpany or rnmp:~nies as may be approved~y lUortgagee; iMI ~I IRlllydllCC pOLGCS 00 'li am aE such impmvemer.ts shall contain the usual stancla.d mortgagee clause malcing ehe loa: ander said policies PaYable to Mortgagee and each aad every such policy sh1U Ix pcompdy cklivered to aad heW by 1lforigagee or its ~appointetl agent ~~'ith premiuau futly prepaid; and, not lecs than trn clays in advanee of the ezpintion of each polisy. to deliver to Mortgaget or its appointecl pgent a renewal thaeof, togethcr with a me~ipt (or the p~emiwn due cro such renewal- ln th.~ ev. nt a y aum oE money be,,romes payaWe un~ler suchpo ticy or policia, Mmtgagee sha11 have the option to receive and apply the same 00 ~CCOUDt OE ~IC IR(IC~C~I!(S'S SfCil(0(~ IlCftby or to permit 11longago~s to receive and use it or any part thereof for other P~P~u without thereby ~~-aiving or imP~~S ~Y a4~b. L'a? or right under or by virtue of this mortgage. 5. In the event of the pzssase after this date of any law d the State of F7orida, deducting from the value of land for the purpose of tuation aay lien thrreon. or Ehangir~g in am manner the lav~s [or the taxation oF mortga~es or debts, or tbe manner of collection of any such tazes, so as to afi~rt in a~ y manner the security of this mortsage. the 1liortgugee ahall have the right to give thi~ty day~ writ'en notice to the Afo~tgagors rrquiring the paymen! oF the mortgage dei~t_ If svrh nntece be givcn the said debt shal) bcrnme due, pa~aWe and collectible at !he end of thirty days. If, ho:~~ever, the 1lfortgagn,s shall pay and discharge every such tu tevicvl on thi, moatgage or the debt which it secures, and such payment a~1 d'u- : charge by the blo?tgagora be 1a..fW, then the Mor~gagee sh::ll not h. ve ~he ri~ht or election to give the written noticr abor•e specified for the pnspose of rendering the mortgage debi due, PaYabk and co~ectible. 8. To permit, commit or_suffer no ~~-ute, impairmeut or deterioration o( thE moriS~B~ P~Y or any part tbere- of. and to kcep the buildings and improvements nc,w or hereafter oo the moriga$ed pcoperty in good condition ancl repair. induding, but not limited to, such repairs u A1oHgagee may from time to time determiae to be necescary for the praerva- tion of such building ancl improvements. Na builcling nrnv or hereafter lacated on the mortgaged property ~hall be removed, denoolished, or substanteally altered, nor shall any future or artida of penonal property oove.-eci by this modgage be re- moved without ihe prior consent of the ~lortgagee. _ : - t : 7. If ~1lorigagon fail to pay any claun, lien or enccmb:ance whicb i~ superior to this uartgage, or. when due, ury ~ tax or acsessment or ic~susance premium. or to kecp the preu~ises in re~air, or ~hall rnmmit or permit waste, or if there be comn:enced aey actio~ or proeeeding affecting the premi.es or the ti:1e thereto, incluJing, but not limited to, eminenl clomain and baulruptcy or reorp,anization pro~-ecclir.gs, then Dlar~gagtc, at its option, may pay said claim, lien, encumbrance, tax, assessment or premium, with right of sulxogaticn therruixler. ma~ malce such rcpairs arr.] ta]ce such steps ac it dcemt aJs.icab2e to prevcnt or curo ~urh ~.-aste, and m.?y appcar in any such action or proceedinr and retain counsel therein, and ~ take such action therein as A~ortgagce deems advisablc, and for any of said purposes 11lo:tgogee may adva~ce such sums of moncy, including a11 cosis, reasonable attomey's Eees ard othe~ ite~ of experse :u it c!eems ncces~ar}• and all such paymerts ~ shall bear interest [rom ihe d:~te of such payment at th^ ra!c of 276 per anr.um highcr than specificcl in the mo:!~a~e r!ote hut " in no event ~eater .than t1u mauimwn :nterest rate allo.~•cd by law. Mo~tgagee shal) be the ~ole iudge of lcgality~ vslidity and priority of any sueh clairo, lien, encumbrance, taz, a~sas ment ancl premium, and_ of the amount neecssary to }x paiJ in sati~faction thereof. Morigaget shaU not be held accountable for any delay in making any such payment, whicb delay may ~ rault in any additional interest, ccsts, cbar8es or e~ - Ba~~~.~~ ~sE 1i1 ~ ~ _ ~ _ ~ r, ~ ~.i.. ' :~di Yw-'~::<-.~•': ~ R - - ~