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Home My WebLink About0002 J ~ O ~O . ' ~eECwco t ` ~~r~t~~~s OUi OII CU1S~'C' 1NtANO1~LL K ~ ItTY. ~ /{I~ANT TO GNA'1ER 307~1. ACTE OR 1 1. ROG:R PaTR~?z, v.rk Cka~r Co~t ~.R '2 fi~~ ~JI~ ~ V~•+ w ApMt Fx CtJ 2T1S M.IAMES - ~t, l~M Cornly Ta~ Coll b ~ . princypytl sum sixlaccmed intercyt ahall becane due and payable withad notice at the option of the holdrr thcreof. And ~huU duly, pramptly. ancl.f~~lly perforn~ di~ch~r~e, execute~eEFect, complete, nnd comply with and abide by each urnl e~~cry the ~tipulationc. agreements, caxiitions, and eovenants of said promic?ory note and this mort};age. then this mortfixge and the estate hcmby c~rxted ~hall crase and be null und void. ' Md the \lortgagors further cavenant as followst 1. That they will pay the indebtednexs. as hereinbefore provided. S. T6st~ in ader mo~e fully to protect the sec+uity of this mortgage, tl~e Mo~tgagas. togethu with and in addttioa to. tbe moi?thiy ~ag~ents under the tams o~ any notes sec+ued hereby. oa the &st day of each aaath nntll said note is fupy paid.~~riU P~7 to the Ma~tgagee the tolla~vtna sums: (o) A won equal to one-iw~elfth (1/12) of tl~e premiumt that wW ne:t become due aed payaWe :+f policivs of 6re and other _ hazard i~urance ooveriag the mo~tgaged prope~ty, pius tues ~aad assessmeots next due oa the u~o~tgaged pcoperty (aU o~ted by the 1?~at4gagee). . . ~6I All WYmena menttoned in the preceding subaection of this ~BraPh and all paymwts to be made under any nates secured 6ereby sl~ be added tog~tba and tbe aggFegate amamt tl~creoE ~all be p+id by the mortgagors ach ma?th in a stu6k P~Y°~ to be spp~ted by the mortgagee to the foUowing ita~ in tLe acda ~et fath: , L T~es. a~unmts. &e, and hasa~d ins~ranee pcani~ma; . II. Intaest on the notes aecured L~xeby: and III. Amatization oE the prioctpal-af said aotes. . _ . _ ~ Any ~eBciaacy in 'the amonaR of snch iggrcgate ~ioathlY P~Y~t sl~alt, mieu made good by the Mat~a$as Priar to the dne date af the aett sach paymmt, caastitute an eveat of default tmdar tWs mortgtge. 'lbe I?lat~agee may collect s'7ste charge" not to excecd tw~o _orats (Qc). for ach dollar (il) of ead~ paymeat mare than 8fteea- ) days in arrean to co~~er the e.ctfa e:peme inv~nlval in handltog ddin9~ P~Y°~~ S. 'That iE the total of the paymeats made by the Matg~tgan~ under (o) af Parag~raPh 8 p~ecedina sLall excecd t6e amount of . P~Y~ ~Y ~ bY M~g~ fa taxes aad assessnnents sn~ inaun~e premiums. as i}~e case may be, such e~cess shdi be creiited by the Mortgagee on p~bse4~ P~Y°x°ts to be made b'y the Mortgag6rs. If, haweveq tbe monthl~ payme~ aude by tLe Matgaaars mder (~1 of P~'&~Pb Q P~°8 shsll not be_ sn~deat Eupay tazes and assasments aad iasunnce premiurns. as the czse may be, a?h~a the same s6a11 aoo4me. due and payabie, thaa t}~e M,~tg,agas shall pax to the Martgagee aay amonnt necessart to make up the de6cieac.y. on o~ before the date w6en payment of sa:h tues. ~ssmeats. or iat~rance premt~ms slnll be dua If d angr ti~ne ths Madgagass shall tenda to the Matgagee in'accordsnoe wit6 dye provLdom af all nota secured heireby; ~u ~~~e~ ~~t~a ~y, the Martgagee shall. p~y to the ~tcrtgagors all amounts then remaining . in the taz and insu~anoe acraw ioco~nt Ldd in coonecHm wdtb tMs ban. ~if t~e ~11 be s default under any oE t6e„pcovisions of this awrtgsge resWting in a pnblic s~le,of tLe p~miser oovaed hereby, ar if the Matgagee aoq~dres the pcopaty otha~vvise afta defandt. the Matgagee s6a11 apply. at the tinne of tl~e oaa~aoe~ent of ~vch proceedings ar at tLe tlme the poopaty ~s other_ wite aoquired, the bolance thea remaining in the fmds aocumulated nnder (a, oE parag~aph $ preoediug as a credit against eLe ~ amonnt ef prh~cipl tl~ea remaining uapaid nnder satd notes. ~ . . _ i 4. Thst they will psy all t~a. a~b, aster ntes. and other govanmeatal ar mwdapal charga; Snes, or impoaitims. ~ far which provLdon hai not been :nade htrdnbefore, and in defaWt thcreof, the MatgaB~ ~Y P4Y the same and be secwed by the ~ lien of the martgage: and th~t tbey' will Pr°mQdY dd'ver the a~cial receipts thatfore to thc ~Iatgagee. _ - ; S. T7~t theyr wlll pa~o~it, oommit, ar suffer no aaste, impairmeut. or =deteriocadoa of said propertj a~ am put thereof: and in ~ tbe evea~ af the failme af the Mactpgas to keep t6e bnildings er said pranisa and thase to be aected;on said premises; or impmve- - a~a~ thaeon. in Saod re.p~air, the Matgagee may malce sae6 sepairs as in its ditaetion it may deem necessacv for the pr~p~ presa- ' vation theceof. and tbe fuIl amount af esch and everv such paymeat shall be imnnediabdy dae and~ PaS'abk, and shall be secured by the 1im af this moctgaga . ~ ! 6, 'i'6at tLey wID paY all and singW~r t6e oosb, c6arges, and espeases, incladin8 reosonabk lawyer's fea, aad coats of abstrads ~ of title, ine~ared a pdd aR any time by the Matgagee because of tbe failnre on the patt af t6e Mat8~6~ P~O°~P~Y ~ perform the agreemeab and caveaants af any oE soW pmmissory nota pnd this mortgage, ud s~id casts, c6argzs. and a~pensa sLaU be immediately due and payable aod s6all be sonaed by the lirn of this matgaga T. Tbat tbey will keep the imp:ovements noe e~dsting o~ hereafter erected on t6e modgag«1 pioperty iruured as may be required from tlme to ttme by the Mortgagee against bss by &e as other hszards. caswliies. s~ oo~geades ia sach amounb and for s~x~ periods ss may t~e reqntred by Ma~tgagee, aad will P~Y P~'0lOP~'• w~n ~°DY P~~~s en suc6 ins~xanoe fa' Paymeat oE wrhich pcavision has not beea made bereinbefore. M ias~anoe shall be carried !n comprnies appnwed by Matgagee and tbe policies aad reae~vals the~eof sbaU be he{d by Matgagee and have attached tLereto bss ps~yabk cLusa in hvar of aad in facm - sco~ptabk w the Mortgagce. Recewal policies shall be deli~•ered to Mortgagee at kast 10 days priar to ezpintion of easting poltcy. In aveat af loss, tlK,y win $ive immediatdy noHce by mail to Mortgagee. and Mortgagee may malee pa~of of bai if ~nat made PrO~PVY M~SaSors, snd each i~uance oompany conoa'ned is haeby authorized and ciirected to malce paw~e~ for_snch lw~ directly to Ma~tga.gee iastad of W Martgagon and Mortgagee ~ointly. and the i~uraace prooeeds, or - am~ part tbaeof. may be ~ spplied by ytartgaget at ib optian dt1Kr to the reducti~on of the indebtedness hereby secored or to tbe resioration or repair of the P~P~Y ~6ed. In event of forecbaure of this matgage or other vansfa of tide to the modgaged p~operty in a~shmmt ~ af d~e indsbtedaeu seeuced heceby. all right, titk and intecesc of the Ma~tgag«s in and to aay t~aanoe policies chen tn fa~es s1uU pas bo d~e p~ ar g~antee. 8. Tbat tbe Mortgagee may, at aay time pwding s suit npon tlus mat8a8~~ aPPI}' w the court having jurisdiction thaed for tl~e appointment af a reodv~, and such caut shall fo~thwtth appaint a reoeiva d the pranises covered hereby all and :ingular. tnduding all and singulu tbe inoome, pro6ts, iss~es. and reveanes from whatever soarx derived, eacL and every of wl~ich, it bdag ~r ~a, ~ ~y ~~aa ~ ~ ~as~.ar ~c ~ ~a a~uea ~ ~ .oa t~~a,~ oad snch reodva ~LaD have all the bra~d and effeetive fineKoas and po~res in anywi~e eatrusted by a co~ut to a receiver. aad snch appoindma~t shall be made by such oonrt as an adaiitted equity and a matter d absdote right to said Mcxtgagee, and wltboat refecm~~e to the adequacy or inadequacy of the value of the pooperty mortgaged or to tbe sdveo~.~y o~ insolve~y of said Mortgagas ar tbe defesdants. and that such reats, p~ts, iooome, issua snd nwenua shall be applied by such reoeive+r according to the lien - of tl~is mort~age aod pe~ctioe of soch aourt. ~ . 8001i ~VO PACE z . $ ' _ _ _ - ~~:~.='~.v~~:~ ~ _