HomeMy WebLinkAbout2634 (8t~at~ o! F'lorida docu~soLar~r aLaa~s in t.he ~io~unt r~quired b lav are afti~ctd to
ct
tb~ originsl of LtM fore~oing nc>te and caaceled pursuaat to v.) ~
11nd shall du~, pro~tl~q sad iv~l~j? pert~ora, dischar~e, e~oecute, efi~ect,
carpl.et~ and co~ly vitb e~ abide by eaeb and erery the stipulatioos, agr+eesents,
condiLiona and cavenants of asid proaissor~? not~ and o! thia aort~sge, tben this
s~rtgegs and the estate hereby created aball ceaae and be null ar~d void.
And the Mortg~agor covenants and agreea to and vith the Mortgagee ae foll~o~+a:
l. He ~rill pe~y the prineipnl nnd interest aad the various and sw~dry swis ~
of saney peyable by virtu~e of said pro~issor~r note aaQ this mortgage prompt~y oa the
deys the same bece~e due and t~e~xill pTOmptly perform and co~ply vith each end every
other covenaat and agreement in said pro~iesory note and m~rtgege.
' 2. H~e vill pe~y the tases, assesanents, levies, liabilities, obligations
aad incwebrances of every nature sind kind no~ron aai8 de8cribed property, or that
hereafter me~y be iarposed, autYered, placed, l~evied or assessed thereon, or that here-
after may be Levied or assessed upon tbis sort~e~ge or the indebtedness secured hereby,
when due and pe~yable according to lav, before they becoae delinqwent, eund before anpr
interest attaches or e?~p? penelty is incurred; and in so !ar as aqy thereof is of
record the sam~e shall be pro~ptly satisfied and discharged of record and tl~e original
official document evidenciag such satisfaction and discharge shall be placed in the _
hands of said Mortgagee irithin ten c]ays next st'ter ps~yment.
3. He vill keep the iaprrnrements noR? existing or hereaYter erECted on
the m4rtgaged_property insured against loss by fire and other hazards, casualties
and contingencies in such amounts and for such periads as ms~y be requirEd by Mortg,agee.
~All insurance st~all be carried in campanies approved by Mortgagee aad the pqlicies
aad renevals tbereof shall be held by Mortge?gee aad have attached thereto loss payable
clauses in favor of and in form acceptabLe to the Mortgagee. In event of-loss he irill
give i.mmediate notice by me~il to Mortgagee, and Mortgagee mey me~lc~e proof of loss if ~
not made pramptly by Mortgagor, and each insurance co~pa~y concerned is hereby suthorized
and directed to make p~yment for such loss direct~y to Mortge8ee instead of to I~+Iortgsg~r
and Mortgagee 3ointly, sad the insurance proceeds, or anpr part thereof,me~y be applied
by Mort$agee at its option either to thae reduction of the indebtedness bereby secured
or to the restoration or repair of the property dame~ged. In ev~ent of foreclpsur~ of ~
this m~rtgage or other traasfer o~ title to the mortgaged property in extinguisY~ent '
of tl~e indebtedness secured hereby, all right, title and interest of the Mortg~gor ~
in and to s~q? insurance policies then in force shall pass to th~e purchaser or grantee.
4. He irill permit, eomrnit, or suPfer no ~+aste, i,mpairment or deterioration
of sai3 property or any part tbereof and vill keep all buildings-snd itnprrnrements
nov or hereaPter on said property in good repair an~d vill make aRy repairs vhich
Mort~agee in his discretion shall deem necessary for the proper preservation of said ,
,
i buildiag~s and iapro~v+ements .
I .
~ 5. ge ai11'pay all and singulsr the costs, cUarges aad expenses, including
reasonable attorney's fees, cost of abstracts of title and title searches incurred -
~ or paid at an4t time by the Mortgagee because of the failure on the part of tbe Mortgsgor
pra~ptly aad ftiil~y to perform the agreemeats and cavenants of said note aad tbis
mort~age, and said cost~, cl~rges and expenses shall be i~ediatelq du~e and p~yabLe
and shall be secured by the lien of this mortgage, and such expenditures shall drav
interest at the rate of eight per centwn per aammm.
6. That (a) in the event of anpr breacb of this m~rtgage or default on
the part of tbe Mort~or, or (b) in the event anar of said sums of aoney herein
referred to be not proa~pt~y and tV~1~Y Psid ti?ithout demand or notice, or (c ) in tbe
event the atipulations, agr~ements, conditions and crnrenaats of said note sad this
~ nort~age as~e no
t duly, pro~ptly and hill,y performed, then in either or a~r such
~ event, the~said aggre~ate aws mentioned in said ~tote then re~eiining unpaid, vith
iaterest a~ccrued to that time, and all moneys secured hereby, shsil beco~e due and
~ peyable lorthvith, or thereatter, at the option of said Mortgagee, as frilly and
~ co~mpletely as if a11 of the said s~s of money ~ere originally stipu3ated to be paid
on swch da~y, anythin6 in said note or in this ~ort~e to the contrary notvithstanding;
~ aad thereupon or thereatter, at the optioa4 0! said Mortgagee, vithout notlce or
demsad, auit at lav or in equity, n~? be pros~ecuted as if al1 moneys secured hereby
~ hard ae~tured prior to its inatitution. ~
~ 7. Tbe M~ortg,e~ee ~ey, st en~ tise ~hile a suit is pending to foreclose
~ or to reform this aortga~e, or to enforce saar claims arising 2~ereLmd~er, apply to
the court having 3urisdiction tbereof for the appointmeat o! a receiver, aad such '
court shall forthvitb appoint s recxiver of tbe premises and all other p~operty
covered tyereby, inclwding all a~d singular the inca~e, prorits, rents, iasues and
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