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(State of Florida doc~ntary stamps in the eaaunt require8 by lea are affixed to '
the original of the foregoing ~t~te and canceled pureuant to lav.)
And shall duly, p~tly ancl flally peri'orm, dis~harge, execute, effect,
complete arid coa~ply with and abide by each and every the stipulations, agreements,
conditions and covenants of said proaaissory note nnd oY thia m~rtgsge, then this
mortgage and the esLate hereby created shall cenee and be null and void.
And the Mortgagor covenants and agrees to and vith the Mortgagee as folloa?s:
1. He ~rill pey the principal and interest and the variovs and sundry sums
of mon~ey p~yable by virtue of said promissory note aad this mortgage prnmpt~y on the .
days the same become due and he Will promptly periorm and comply with each and every
other covenant a~ad agreement in sai.d promissory note and nartgage .
2. He tirill pe~y the taxes, asseasments, levies, liabilities, obligations
and incwnbrances of every nature and kind nov on said described property, or that
hereafter aiay be imposed, suffered, placed, levied or assessed thereon, or that here-
after may be levied or assessed upon this mortgage or the ind~ebtedness secured hereby,
When due and payable according to l,aw, be#'ore they become delinquent, and before at~r
interest attaches or an~y penalty is fncurred; and ia so ~ar as at~y thereof is of
record the same shall be proaaptly satisfied and discharged of record and the original
official document evidencing such satisfaction and discharge shall be placed in the
hands of said Mortgagee within ten days next after paym~ent.
3. He ~ri]1 keep the improvements nov existing or hereaPter erected on ~
the mortgaged property insured ag~,inst loss by fire and other hazards, casueltf.es
and contingencies in such amounts aad for such periods es a~ay be required by Mortgag~e.
All insurance shall be carried in companies approved by Mortgag~ee and the policies
and renewaLs thereof shall be held by Mortgagee and he~ve attached thereto loss payable
clauses in favor of and in form acceptable to the Mortgagee. In event of loss he xill
give in~ediate notice by mail to Mortgagee, and Mortgegee may me~ke proof of loss if
not made promptly by Mortgagor, and each insurance compan,y concerned is hereby suthorized
and directed to make payment for such loss direct~jr to Mortgagee instead of to Mortgagar
and Mortgagee 3ointly, and the insurance proceeds, or aryy part thereof,may be applied
by Mortgagee at its option either to the reduction of the indebtedness hereby secured
or to the restoration or repair of the property damaged. In etrent of foreclosure of
this mortgag~e or other treasfer of title to the m~rtgaged property in extinquisY~ent
of the fndebtedness secured hereby, all right, title and interest of the Mortgagor ~
in and to a.Ry insurance policies then in ~orce shall pass to the purchaser or grantee.
4. He aill permit, eoaanit, or suffer no i+aste, impairmeat or deterioration
of said property or any part thereof and viil keep e,11 buildings and iarprovements
nov or hereafter on said property in good repair an~d ~+ill make atqr repairs Which
Mortgagee in his discretion shall deem necessary for tLe proper preservation of said
buildings and impravemeats.
5• He xi11'PaY al]. and singvlar the costs, charges and expenses, inclwding
reasonable attorney's fees, cost of abstracts of title and title searches incurred
or paid at any time by the Mortgagee because of ~e failure on the part of the Mortgagor
promptl,y and flxlly to perform the agreements and cavenants of said note a.nd this
mortgage, and said costs, charges and expenses shall be i~ediately due a.nd p~yable
and shall be secured by the lien oP this mortgage, and such expenditures shall drav
interest at the rate of eight per centc~ per enn~.
6. That (a) in the event of any breach of this m~rtgsge or default oa
the part of the Mortgag~r, or (b) ia the event a~r of said s~s of moaey herein
referred to be not proarptly and f~lly paid Without demand or notice, or (c) in the
event the stipulations, a~eements, conditions and coveneats of said note and this
mortgage are not du~y, promptly and ttiilly perfos~aed, then in either or any such
event, the said aggregate a~ mentioned in said note then remaining unpaid, vith
interest accru~ed to that ti.m~e, and all moneys secured hereby, shall bec~o~e due and
payable forthvitb, or thereafter, at the option of seid Mort~agee, as f1,t1]y and
completely as if al2 of the seid s~s of m~r~ey ~ere originally stipulated to be paid
on such day, anything in said note or in this mortgage to the contrary not~rithstanding;
and therEUpon or thereaPter, at the option of said Mortgagee, without notice or
demand, suit at l,aw or in equity, m~y be prosecuted as if all m~neys secured hereby
had matured prior to its institution.
The Mortgagee me~q, at aay time vhile a suit is pending to foreclose
or to reform tbis mortgage, or to enforce ax~r clsims arising bereunder, epply to
the court having ~urisdictioa thereof for the appointment of a receiver, and sucb
court sha2l forth~rith appoint s receiver of tbe premises and all other property !
covered hereby, including all and singular tbe incamoe, profits, rents, isswes and -
Si~iD Form M-2906 - 3_ D R P
~9-~-~~ eoaK195 acE~038
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