HomeMy WebLinkAbout1313 (Btat~ o! lrlo~ida docu~eatar~r staa~a ia Lbe ~o~unL required by lsv are altixed to
tt~e original o! ths i~epiag note and canceled pursusnt to lar.)
Aad sbal~ du]~?, P='~P~Y ~~~Y Peribria, disc2~arge, e~oecute, eitect,
co~rplete and ca¦q~ly vit?~ sad abi~e by ~cb uad e~rory the stipuLstiona, agren~enta,
coaditions aid co~renants o! asid pr~a~issca~y note and o! thia anrtgage, tl~ea this
a4rtgege and t.be estate beraby created s2~a11 ceaae aad be null aad void. .
And tbe Mortg~agor covenants aad agr~es to and with the Mortgegee as toll,ows:
1. 8e vill pe~y the principal and iatereat aad the various and swadry sums
of aoney peyable by virtue of said praaaissary nofie an~ this mortgage prampt3y on t.be
da~ya the sa'e beca~e due ana be vill p~tl~t Perfor~ and caa~ply vith eacb and every
oth~er crnrenant and agre~.ment in said promdisaory note and mc~rt6sge • .
2. 8e vill pe~y t.he ta~es, assessments, levies, liabilities, oblig,atioas
and incwobrances of ev~ery nature snd kind nov oa ssid described property, or tt~at
hereafter may be i~posed, suPPered, placed, levied or assessed thereon, or that hera-
after me~y be ]~evied or assessed up~n tbis mort~e or the indebtedn~ess secured hereby,
wben dwe and p~yable according to law, before tYyey beca~e delinqu~ent, and before a~?
iaterest sttaches or a~pr penalty is incwc~red; . and in so far as aqy thereof is of
record the same shall be prampt7y satisfied 8ad discheurg~ed of record and the original
ofPicial doc~ent evidencing such sattsractiea4 and discharge shall be placed in t~e
hands of said l~ort~agee within ten c]ays next after peyment. ~
- 3. Be vill keep the impz~o~vements ~r existing or hereafter erected on
the mort~ed property insured against loss by fire and other hazards, casualties
and contingencies in such amounts and for such periods as me~y be required by Mort~egee.
All insurance shall be carried in co~panies approved by Mortgagee and the policies
and reneva7.s tbereof shall be held by Mort~e?gee a~d hecve attached tY~ereto loss pe~yeble
clauses in favor of and in form acceptable to th~e Mortgagee. In event of loss he will
give i~ediate notice by mail to Mortgag~ee, and Mort~ag~ee may mak~e proof of loss it
not me~de In~oa~pt]y by Mortg,agor, and eacb insuraace caanpa~r concerned is bereby autl~orized
aad directed to malce pe~yment for such loss directly? to Mortgagee instead of to Mort~or
and Mort~agee ~ointly, end the insurance proceeds, or anar part thereof,may be applied
by Mortg~e~gee at its option either to the redu~ction of the indebtedness hereby secwred _
or to the restorstion or repair of th~e property damaged. In ev~eat of foreclosure of
this m~ort~age or other transfer o~ title to the mortgaged property in extinguisbment
of the indebtedaess secwred hereby, all right, title and interest of the Mortgagor
in ard to aiqr insurance policies ttyen in iorce shall pass to the purchaser or grantee.
4. Be vill permit, eoami.t, or suPfer no Waste, impairment or deterioration
of said property or any part thereof aad will keep all buildings and impravea~ents
noW or hereaf'ter on said property in good repair an~d ~rill make an~ repairs which
f Mort~e ia his discretion aha.]1 deem necessary Yor the proper preservation of said
f buildin~ and improvements.
~
~ 5. ge ~rf.l].• pe~y all and singular the costs; charges and expenses, including
~ reasonable attorney's fees, cost o~ abstracts of title and titl,e searches inc~red
or paid at at~r time by the Mortgagee because of the failure on the part of the Mortgagor
prqeptly aag h~ll,y to perform the agre~ments and covenants of said note and this
moi-t~age, and sai8 costs, cl~arges and expenses shall be i~ediately due and payabLe
and ahall be secured by the lien oP this m~rtgsge, and such expenditures shall drav
interest at the rate of eight per centum~per aaa~on.
6. That ~(a) in the e~vent of arq? breacb of this mortgage or default oa
th~ part of the l~tort~or, or (b) in t~e event aRy of said s~s of maaey herein
referred to be not promptly and l131~Y paid vithout demand or n~otice, or (c ) in tYre
event the stipulations, agreements, canditions and cavenants of said note.and this
nortgage are not du]y, proa~t~y and fu].ly performed, ttren in either or aay such `
~ eveat, the said eggre$e?te s~ mentioned in said note then remaining unpaid, irith
interest e.ccrued to tlsat time, and aZl moneys secured hereby, shall becoaoe due ~ aad
peyable lorthvith, or thereatter, at the option of said 1~Iort~a~ee, as f'~]1y aad
co~mcpLetely as if all of t.he said s~s of mon~ey ~ere originally stijulated to be paid
on swch deUt, at~rthin8 in ssi.a note or in tbis m~rt~e to the contrary notvithstanding;
and thereupon or t.herestter, at the optio~ o! said Mortga~ee, witbout notice or
d~nd, suit at lav or in equittY, m~y be Prosecuted as if all m4ney~s se+~ured hereby
had matured prior to ita institution.
7. R'be l~ortgagee ae~y, at au6r t3se vhile a suit is pending to foreclose ~
or to reform this aort~a~e, or to enforce eay claims arising hen~md~er, app],y to ~
the court having 3urisdiction tbereo! for the appointment o! a receiver, aad such '
court ahall. forthvit.h appoint a recxiver o! t1~e premise8 8ad s11 other pro~perty ~
cov~ered. hereby, in~clwdin6 gll. an~ singiilar tbe iacaa~e, protits, rents, issues aad
3ND Fbrm M-290G 800f( ~C7t~ PJ16E~~i4
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