The URL can be used to link to this page

Home My WebLink About2933 4 . ~ vZJ ~.`1 .Sti.r i0 HAVE AND TO HOLD th~ above deacribed propsrtY nato ths Mortgaqes lc~ever. Ths Moriqaqaz ha~bp cownanb with ths Moriqaqes that the Moriqaqoz Is iadefsasibly sei:ed ~rith ths vsr absolut~ aad f~ aimpl~ tid~ to aaidp~o . aad has tuU po~vsr aod lawtu~l autho:ity to sell, convey. ~ aad motiqag~ th~ same: that it shall bs at aay tim~ herearftte: psacoably aad quietlp to •ntsr upon, ha~n, hold, and ~njop ~aidp~operiy, aad eray part therso~ that ~aid pcoperiy is fre~ aad dischaaqed iroaa all llau, ~acua~braao~s. aad claims af aap kiad. inclwdinq tmces mnd arsaessmeats except aa hereia noted. aad lhat ths Mo~tqaqcz herebp tullp warraab unto ths Maztqaqee the tifla to sand p~ropaty and wIll defend ihs saQa~ aqaiASt the lawtul claims and dsmand~ of all persoas whomsosvsr. PAOVIDID ALWAYS, aad these p~esenb ars on these express oonditions. that wherscs the Ma~tqaqo~ is iad~bted to ths Matqagse bp viriue of a certai~? p~omi~soty Note, of evon dat~ h~wlth, mads by tho Mcartqaqc~ amd pc~yabl~ t~ tLs a~der of the Mo~tqaqN ia ths pciadpal sum o~ FIVS HUNDRED THOUSAND AND 00 100- - - - - - - - - - - - - - - - - - - - - with iatia~sst th~r~on. all papabl~ as p~o~ided ia No1~, ia lawtul moa~T aE th~ Uait~d SLat~s ot Am~o~ NOW. ?I~t~ORE. i~ th~ Mc~tq~ga~ sball tu11Y PaY aaid Nots. a~ cap ~sbasions ac r~n~wals th~e+~oE aad ahall tul1T pat a11 oth~ ind~btsdae~s ac llabilitp that may b~cc~ns dw amd o~q baruad~ aad s~cur~d h~ ac by. aad ahall aad P~'~P~T ~P1Y with and pafo~m ~ach aad w~y oth~s oo~rsaamt aad pe~r3don h~ia on th~ pcat oE M os b b~ oomplied witb aad p~c~o:m~d. th~ th~a pew~ntis ahdl b~ vodd aad f r~l~awd at th~ u~a~ oE th~ ycr. oth~cwt~ to s~mnaia ia tull ioe+o~ m~d ~t~ct. AI~TD tL~ Mo~j~o~ dow h~b'! ~xws1Y oo~naat md ognr. ~ i. To pq tbs Note berdabefore reierred to. aoooe~diot to the teaor tbereo~ and tbe interest thereon promPW as the am~ sball beeome due. 2. Zb pq all tas~ea, atses~meab and already le~fed oc as~ed oe tbat mU? bn~eaitee es l'eNed ot a~- ~~ed upaa or asalnd saW Lad and p~ae~i~ W Puwnal P~'oPertl? ~ ooms~r~d. wben dw and~p~ to Lw btore tba~ beooms delinqwat. aad batoreao~ fntered a~ penalf~ aball attae8. Zb d~ti~r to tbe- ~[oefr p~ee.~ aa a~ be~o~ ltat~ch Lt ot eacti leas. taz evid~ t~s pa~rmeat a~ all weh ta~s tae tbe pi+eadlnt pkaduae~r. aad to delirer to tbe Yat~tp~or raoNPb~deaciat tbs pymeat a~ all llens foc publk lmpro~rsa~enb w1tWs aiaaV l~o) ds~a atter tbs ame sL~ll beoome dna and pa~aWe. and to aad dixharp witLia afneb (90) d4~ ' date aqf aad all ~o~erame~tal levles tbat m+V bs made on We moe~{e~pev~y. ; 3. To pera4i~ eommi~ o~ sufiaz no waste. imPatrment or daterioratlon ot said~~ee~ ae aa~ Part t~i. and npoa ~ tae tailtere oi tbe Yatt~a~or to keep tbe bnildinas oa taiu pa~operf,~ ia ~ood coaditioa- c~ re~ir. tbe Yort~ee m4 demand t6e immediate repair oi said bnildio~e. or an iacreas~ ia t6e amo~mt at aecnriy oe tbs 3mmsdfate Ps7~t oi the debt ~ herib7 secured. and tbe failure oi the l[ottgasor to compu witb aaid demand o~ t~e 1[orttsYee. to~ a pedod ot tWrb (~0) ~p~in~pal~and ~ia~te est D~erebp sceared. aad theDd[~ee ~~~~~notioe~ao~ lo~stitnt~e p~roceedin~~s to foreclae tbis mo~rt~sge and aP~D~7 for ffie appointmeat ad a Beoeiver. as P~'o~?tded- ~ 4. To keep the buildiaQs and all e~luipneat aad petsonal~`~~naw ar berea~ter oa iaid premi~es covered by t6L ~ m~rt~e insnred~~ loss by fin and wiadstorm or other a snm or mms mfiicient to ~e tull protectioa to the l~ortga~ee, but ~a no esrent in a•sum lea than We •nnpaid-priaeipal t6is ~mortga~e. prodded. however. that ~ auh insoranoe be ia amouats snfflcient to compv ~rtth aqy co-insur~nee reqnliementa -ooyerin~ same under the laws oi the ~ State oi Florida, and'pro~+ided further that the pollq or poIIcies shall be written in a company or compaaies and tlirough aa agency satLsfactor~ to the Mortgagee. and that said policy or policies sball be held by_ the l[ortgagee and sLall beu a ataadud New York Yortgagee Clause without coatrlbution mal~ing tbe loss under aaid pol~c~es payable to the Mortgagee as hts intenst m~y appear. , i f app lic ab 1 e. It is sgreed that ia case the buildings on said real estate are deatroyed ordamag ed by fue. windstorm, or by ens? oWer casualq? a6ainst wbich inaurance shall Lave beea reqnired bY tbe l[ort~a8ee. then. t~e Mortgagee shall have the right to app~+ tLe insurance prooceds in payment of the debt sec~red Lereby, either ia whole or in part, and whether t6en due or ao~. or to qnire tbe improvements to be repaired or repLced, either part~y or entinly. bY the use of said P~. the nnpaid por~tion oi the loan to remain in force. Any such pmceeda held by the Mortgsgee for repairs or repLcemenb eball be so beld withottt p~~ment or allowance of iaterest. ' S. In the event tha Hen of this mortgage is accepted as a secondary or inferior lien. subordinate and snbiect to aq~ ~ prior mort~age liea or other encumbrance, We Mortgagors covenaat and agree to keep all of such prlor mortgage liens and ~ otLer encumbrances in good standin8 and to perform. comply with and abide by each and every the sti uLtions, agreemente, conditioas and covenan4 contained in the agr,eements evidencing such prior Hens aad will not ~t snch prlor llens or ~ ~ mortgages to become in default and will promptly ps,y any indebtedness secured by snch prior Hens and mortgsges before We '1same become delinqnent, and in tbe event the Mortgagors shall fail so to do. t6ea snch failure s6all constitute a detault in 1 tLis mortgage ia the same manner and to the same erteat as ii Were Were a defanit in the terms and oonditions oi tLis ~ mortgage, or the note aecured hereby. a. Should tLe MortgaQor fail to make payment of aay taxes. assessments or pnbllc ~ges before they beoome d~ ~ linqnea~ or before any intereat or penslty shall attach, or of any inanraace premiums or otber charges oayable b~ the l[ortga~or. or ahonld We YortgaBor fail to make payment of any priaci~1 or iai~~ secured M? r~ .;wrtgage or llea prbr to tbe Hen of tLis mortgage betore We same become deliaqnent~ tben t-Le l[ortgagee may maice paymenta ot the aame. aad alao msY redeem said premises trom tu sale without any obligation to iaquine into the validitp oi sach tanes. ass~sments and taz aales (the receipts oi the pmp~ ofiicers bein8 conclusive evldence oi tbe validitY and amount thereo~. ~n case of = sncL psyments by the Mortgagee, the Mortgagor agrees to reimburse the Mortgagee on demand. and the amoua4 so ~aid. ; wIW iaterest thereon at the nte of ten per cent per annnm shall be added to aad become part of the debt secured b~? ttiese ` presents witLout waiver oi any right arlsing from breach oi any of the covenants, and for snch paymenta, with interest ' as aforesaid, the premises hereinbefore de.gcribed. as well as the Mortgagor, shall be bound to tDe same ertent that they are ~ bound for the payment oi tLe note herein descrlbed. ~ 7. That any sums which shall not be paid when due, whether principal, intereat, or money owIng for advancements oy the bolder pursuant to the terms of this Mortgage, shall bear intereat at the rate of ten per cent per annum. 8. T6at in the event that said Note is placed in the hands oi aa attorney for collection. or in case the Mortgagee r sbalI become a party either as plaintiff or as defendant in any suit or legal proceediag m relation to We prnperty described or the lien ~reated herein, or for the rECOVery or protection oi aaid indebtedness, t6e Mortgagor ~vill repay on demand all ~ costa and e:penses arising therefrom, inclading reasonable attorney's fees. ~vith interest t6ereon at the rate of ten per cent pes annum nntil paid, all of which sums, if unpaid, shall be added to and become a part oi the debt secured by these presents. ~ 9. That tbe l~ortgagee, wiWout notice, ma~ agree wlth an7 DartY obligated on said indebtedness, or haviug an inter- ~ eat in tbe security described herein. to renew or extend the time for paymeat of any part or all of the indebtedness secured hereby. wiWout in any way affecting either tL~ lien hereof or the liabilit~ ot any other party. ~ 10. TLat it default be made in the payment oi any installment of aaid Note, whethes of priacipal or interest, or in the ~ periormance of of the covenants coatained in thIs Mortgage, and aay one or more of such defaults shall have continued for a period of ~ days or more, or upon We bappening of any oWer event which according to the terms of this ~ Yort{tage or sald Note s6aII entitle the holder to accelerate We dne date of said Note. then the ~rbole unpu d principal sum ~ ia said Note sgreed to be paid, with interest accrued thereon. shall atany time after the ezpiration oi such pedod. or at any time aftes the bappening ot such event reten~ed to, at the option of tbe holder of said Note, become due and payable vrith- ~ art notlce or demand. snything bereia or in said Note to the contrary notwitbstanding. and no omission on the part of the holder to esesrise such optlon when entitled so to do shaU be construed as a waiver of s~uh rlght. ~ iL As additional and eollateral security for the payment o! said Note, the l[ortgagor assigns to the l[ortga~ee all t1u reats, isanq, Prodits, and income oi We real estate andpe rsonal prnp~erq? above described from the date oi this instrument nntii the debt Lereby aecured sball be paid in full, witb the right to lve t6e same and apply tbem to aaid Note or othec iadebtedaas oWiog on accouat tbereoi after def~ult in the conditiona thereoi. ! ; 800K ~ r U FkCE ~ ~ - - . ~ ; ~ ~~T~ f . . = ~