HomeMy WebLinkAbout0086 PROVID~3D AI~WAYS, ~tt if said aiortg~gor s~ll gsy un~ said mort~igee t6e ae~taia promisso~y
ooce heceinsfter subataatlaliy oopied o~ identtBed, ~-wit:_ - - - -
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=1=~ SAO.~ Fort Lauderdale. Fla, rQ'r. 19..~
FOR VALUE RECENED. VRE. a elther of vs. pcoelse to pa~ w t6e ocda ot
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° ~ic6 interest fro~ at c6e nte of pes cent pa
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~ Now. abonld it becooe neeessacT co collecs tlu~ sote t6rona6 ~a aaorser eitbec of as. ~hethec ~aker, soreq. oc md6rsa oq
z this sote. hecei~r ssree w pay all eosta of srcb colleccioa, iecludins te~ooable atooraep's Eee. The dca~er~ and mdocsers
~ •e~enll~ ~ai.e prescncaeoc for par~eat~ u pe~ccest, aad aotiee for aoa•paYoen u aoce. ~
e IN THE EVENT eay pqoeac of iace~csc o~ p~iacip~l be sa~ paid ~rlchie ~~'Y (~0 ) dars aha ~be same i
~ beeo~e~ doe. ~he 6olda of c6is ao:e e~~. u~is opcios. decl~re che w~o c peiaclpal sm he~eof w be i~cdiuely due ~ad
p.rable. '
(Seal) 5 (Seal)
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and shall perform, comply with and abide by each and every the ag~reements, stiPulations, oonditions and oove-
~ oauts thereof, and of thic mort8a8~ the~? this mort8a8e and the es~te hereby aeateci, shall cease, defiemnine
and be null and void.
- AND the mortgagor hereby further oovenants and agrees to pay promp~ly when due the grincipal and
interest and od~er sums of money provided for in said note and dus mortgage, or either; M pay all and singular
' the taxes, asses.mnents, levies, liabilities, obligations, and eneumbrances of every nature on said property; to
~ permit, rnmi~t or snffer no wast~ impairmeut or deteriorstion of said land or the improvements thereon at ~
~ 'any~ime; to keep the buildings now or hereafter on said Iand fully insured in a sum of not less than the full
insurable value in a company or companies aooeptable to the mortgage~ the policy or polides M be held by,
and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of such imvr-
ance the mortgagee shaU bave the right to reoeive and apply the same to the indebtedness hereby secured,
accounting to the modgagor for any surplus, to PaY all costs, char8es, and expenses, including attorneys fees
and tide searches, reasonably incarred or paid by the mortgagee because of the failnre of the mortgagor to
prompdy and fuUy oomply with the ageemcnts, stipulations, conditions and covenants of said nobe and this
mortgage, or either; to perform, comply with and abide by each and every the ageements, stipulations, condi- -
tions and covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay
when due any tau, assessment, ins~vance premium or other sum of money payable by virhie of said note and
this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other rigtit hereunder, and all such payments shalt bear interest from date thereof at the highest lawful
rate then aUowed by the laws of the State of Fiorida ~ ~
IT IS eapressly stipiilated and agreed that the mortgagee and its legal representaHves shall have the
privilege, at its optiaq after the doing of or the omission to do, by the mort~agor, or its leg,al representatives,
its suocESSOrs or azsigns of any act or thing which shall oonstitute a default in or br~ of any of the tenns,
conditions and coveuants herein or in said note or notes contained and upon the oommenoement, in a court of
competent jurisdiction, of a siu'f for dee foreclosure of thts mortgage, of applying for, either in and by the original
complaint for foreclosure or otherwise, aad shall, as an equity hereby adnvtted and confessed, be entided, ss a
matter of absolute right hereunder and without regard to the value of the herebp mortgaged premiSes, pmperty
s?nd estat~ or the neo~ssity ~or or of the reasonable.ness or e~edieacy tLereof, or the solveflcy or insol- t
venc.y of the nwrt$agor or ib le~al re~x~esetntatives, and without notice to said awrtgagor or its leg,al repre- ~
sentatives, to die appaintrneat of some suitable person or oorporation ac a reociver for t:~e pmperties. premises s
and estate ~above descn'bed, a~ af the ~+e~ntt, issues, income, reveaue and profits tLereof. such appoint- ~
.
. a~K1f~9 ~ 86
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