HomeMy WebLinkAbout1019 (SLate of Florida docum~eate~y atawps in the nmount required by lav ,~re affixed to
the original of the foregoing note aad canceled pursunnt to law.)
And shall du~v, prompt~jr and it~l~y perfora, 8iacharge, exccute, effect,
complete and comply vitb and abide by each and every the stipulations, agreements,
conditions and covenants of safd promissory note and of this m~rtgage, tt~en this
mortgage and tt~e estate hereby created shall cease and be null and void.
And the Mortgagor covenants ~nd agrees to aad ~+ith the Nortgagee as folloWS:
1. He ~rill pay the principal and interest and the varioue and sundry swas
of money pe~yable by virtue of said promissory notc aad this mortgage promptly on the
days the same becoa~e due and he vill promptly perform and comp]y with each and every ;
other covenant and agreeixnt fn sai3 promissory note and mortgage. ~
2. Ae Will pe~y the taxes, assessm~ents, levies, lia'oflities, obligations ~
aud incuanbrances of every nature gad kind nov on said describ+ed property, or that
hereafter n~y be imposed, suffereci, placed, levied or assessed thereon, or that here-
after may be levied or assessed upon this a?ortgage or the indebtedness secur~d hereby,
when due and p~yable accordin~ to laW, before they beca~ delinquent, and bePore ar~y
~nterest attaches or aay penalty is incurred; and in so far as ar~y thereof is of
record ~he sat~e sha]1 be promptly satisfied and discharged of record and th+e original ~
official doc~ent evidencing such satisfactfon and discharge sha11 be placed ia the 3
hands of said Mor~gagee ~+ithin t.en d~ys next af~er payment.
3. He ~ril1 keep the improvements aox existirig or hereafter erected on
tne mortga6ed property insured ag~inst loss by Fire and other hazards, casua].ties
and contingencies in such amounts and for such periods es a~y be required by Mortgagee.
%~11 insi:rance shall be carried in campanies approved by Mortgagee and the policies
and renesrals tr.ereof shall -be held by Mort~agee and have attached thereto loss pa~~rable
clauses in favor of and in form acceptable to the Mortgagee. In event of loss he Wi21
give i~ediate aotice by mail to Mortgagee, aad Mortga~ee may aake proof of ~oss if
r.ot made prozaptly by Mortgagor, and each insu.~ance coatpa~y coacerned is hereby suthorized
and directed to make ~qymenL for such loss direetly to Mortgagee instead of to Mortgagor
and Mort~a~ee .~oint2y, and the insurance proceeds, or a~r pa.Mt t2~ereof,may be applied ,
by N:ortgag~ee at its option either to the reduction of the indebtedness hereby secured
or to the rest.nration or repair of the property damaged. -In event of foreclosure of
this mortgage or other transfer of title to the mortga.ged property in extin~,uishment
of the indebtedness secured hereby, all right, title and interest oP the Mortgagor
in a.nd to a~y insuraace policies then in force shall pass to the purchaser or grantee.
He ~rill permit, eoa~it, or suffer no ~+aste, irap~irment or deterioration ~
o; said prcperty or any parZ thereof and i+ill keep al1 buildings and improvements ~
nov or hereafrer on sai@ property in good rep~ir and will make any repairs vhich ~
!~:~rtgagee in his discretion shall deem necessary Yor the proper preservation of said
buildings and ~ro•~ements.
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5. He vill'pay all and singular the costs, char~es and expenses, including :
reasonable attoraey's fees, cost of abstracts of title and title searches 3.ncurred
o: paid at ax~y •tiaie by t6e Mortgagee because of the failure on the }~rt of the Mortgagor
promotly and fVlly to perform the egreements aad cavenants of said note and this
~rtgage, and said costs, charg+es aad expenses shall be ia~ediately due and p~yable
aad shall be secuz~ed by lien oP this mortgage, and such expenditures shall drav
iaterest at the rate oP e~er centu~ per annuo~. ,
6. That (a) in the event of a~y breach of this martgage or default on
:he part af the.Mortgag~r, or (b) in the event a~qy of said sum~s of money herein
°e2'erred to be aot proriptly and flil~y paid Without demand or notice, or (c) in the
event the stipulations, agreements, conditions and cavenants oP said note and this ;
~»:tgage are not duly, proraptly and ftil.l.y performed, then in either or aay such ~
event, the said aggregate s~ meationed in said note then remaining unpaid, aith ~
interest accreied to that tir~e, and all mon~eys secured hereby, shall become dvde and
payable forthvitb, or thereafter, at the option of said Mortgagee, as ful]~y and
conp~~te~ as if all of the said s~s of m~ney Were origfnally stipulated to be paid
on such day, eaything in said note or in this m4rt~age to the contrary not~rfthsi.anding;
znd tnereupon or thereafter, at the option of said Mortgagee, ~rithout notice or
demand, suit at lav or in equity, ma~y be prosecuted as iP all mo~eys secured hereby
had rmtured prior to its institution. i
7. The Mortgagee m~y, at aRy time vhile a suit is pending to foreclose t
or *.o refo:~ tbis mr~rtgage, or to enforce a~r claims arising hereunder, apply to ~
~i.e court naving ~urisdiction tbereof for the appointment of a receiver, and such
court shall forthvith appoint a receiver of tbe premises and all other property
covered hereby, iacluding ell aad singular tbe it~eaaae, profits, rents, isauee aad
S'r+tD Form M ~906
c9-~-~~ . - 3 - aooKiy2 1017
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