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(3tate o! Florids doc~eatary atamcps in the amount required by lav are alYixed to
the original of the loregoing note and canceled pursusat to l~av.)
And eha].l duly, proaoptly ead lVtlly pertora, diecbarge, ezecute, effect, ~
covp].ete nnd co~ply vith aad ebide by each end every the etipulationa, agreementa,
conditions snd covenants of anid pramisaory note and o! this mortgage, then this
mortgage nnd the eatate Lereby created shnll ceaae ead be null and void.
Aad the Mortgagor covensats nnd e~reea to snd vith the Mortgagee as fo1lo~+s:
1. He vill pe~y the principal aad intereat and the various and sundry sum~s
of money payable by virtwe af said pro~issory aote and this m~rtgage proanptly on the
de~ys tbe same becaane due and he vill p~*o~ptly perform and comply vith eacb and every
other covenant and agreement in said promiasory note and mort~sge.
2. ~e vill pe~y the ta~ces, assessaents, levies, liabilities, obligations
and inc~brances of every nature and kind nov on aaid described property, or that
hereafter me~y be iaposed, suftered, placed, ]~evied or assessed ttrereon, or that here-
after me~y be levied or assessed upon tbis aortg,e~ge or the indebtedness secured bereby,
When due and payable according to 1.aW, before tbey becaa~e delinqu,ent, aad before a~
interest attaches or aapr pene~lty is incuirred; and in so iar as aqy thereof is of ,
record the same shall be pmeptly satisfied an~d discharged of record and the original
official doctmoent evidencing such satisfaction and di3charge shall be placed in tbe
hands of said Mortg~e~gee irithin ten days n~ext after pa~yment.
3. He ~rill keep the improvementa no~+ existiag or hereafter erected on
the mortgaged property insured against loss by fire and other hazards, casualties
and contingencies in sucb smounts and for 8uch periods as msy be required by Mort$agee.
All insurance shall be carried in ca~panies approved by Mortgagee and t3~ policies
and renevals thereof shall be held by Mort~ee and hscve attach~ed ttiereto loss payable
clauses in favor of and in form acceptabl~e to the Mortga~ee. Ia event of loBS he vill
give iaouediate notice by ne?il to Mortgagee, and Mort~agee msy make proof of loss it
not made promptly by lrlort~agor, and each insurance compe~r concerned is hereby authorized
and directed to make peyment for such loss directly to 1+Iort~e instead of to l~ort~agor
and Mortgagee ~ointly, and the insurance proceeds, or anpr part tbereof,mey be applied
by Mort~agee at its option either to the reduction of the indebtedaess hereby secured
or to the restoration or repair o~ the property 8amsg~ed. In ev~ent of foreclosiu~e of
this mortgag~e or other transfer of title to the mortgaged property in extinguisYnoent
of the indebtedness secured hereby, all right, title and interest oP the Mortg~agor ~
in and to a~r iasurance policies then in force shall psss to the purchaser or grantee.
e
4. $e vill permit, eoa~nit, or suffer no iraste, i~pairment or deterioration
of said property or any part thereof aad vill keep all buildings and improvements
now or hereafter on said praperty in good repair and ~ri11 make a~,q repairs Which
Mortgagee in his discretion shall deem neceasary for tbe p~oper preservation o~ said
' bufldin~a aad im~provements.
i
~ 5, ge ~ril1•pay all and singul.ar the costs, charges and expenses, inclu~ding
R reasonable attorney's iees, cost of abstracts of title and title searches incurred
~ or paid at a~r time by the l~lortgsgee because of the feilure on the part of th~e Mortgag~r
~ prompt~jr and 21i1]y to perform the agree~ents and crnrenants oi said note sad this
~ mortg,age, sad said costs, cbarges aad expenses ahall be inmediately due aad pe4Yable
~ and sha11 be secwced by the lien of this mortgage, and such expenditures shall drav
~ interest at the rate of eigtit per centum4 per ann~.
~ 6. That (a} in tbe ewent of a=~y breacb of this m~rt~age or default oa ~
~ the part of the Mort~or, or (b) in the event a~r o! said su~s of aoaey herein ;
~ reYerred to be not pmmptly and f1i11,Y paid vithout demand or notice, or (c) in tY~e '
~ event the stipulations, agreements, canditions aad cavenants of said note and this
~ m~rtg,age are not du~y, praasptly and ll~lly performed, tlyen in eitber or a~r such
~ event, the said aggreg,at.e eta meationed in aeid note then remaining uap~id, vith
~ interest accrwed to that time, aad all moneys secured hereby, shall becom~e due and
~ payable forthvitb, or thereafter, at the option of said Mortga~ee, as tt~].~y and
~ com~pl,etely as if all of the said s~s of mney ~+~ere originally stigilat.~d to be paid
~ on swcb da,y, aic~ything in said ~te or fn this mort~e to the coatrary not~rithstanding;
~ aad thereupon or thereefter, at the aption of said Mortgagee, vithout notice or
~ demand, suit at l.aW or in equity, me~y be prosecuted as 3! all m4neys-secured bereby ~
~ had a~tured prior to ita institution. ~
~ 7. The t~lortgs~ee ae~y, s.t eiqt time r+hile a suit is pending to foreclose
or to reform thi.s mortgs~e, or to entorce eapr claims arising hereund~er, acpp~jr to
~ the court having ~urisdiction thereof for the appointment of a receiver, and s~ch
court shall lorthvith appoint a receiver of the premises and all other property
~ covered hereby, inclwding all aa~d singular the inca~e, profits, rents, issues aad
~ Si1D F+orm M-2~OG 0 R
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