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HomeMy WebLinkAbout0296 ? (State of Florida documentary stRm~s in the amount required by lav are affixed to the original of the foregoing note and canceled pursuant to lav.) And shall duly, prom~ptly and Rxlly perform, discharge, execute, effect, complete and comply vitb and abide by eacb and every the stipulations, agreements, ~ conditions and covenaats of said promissory note and of this mortgege, then this mortgage and the estate hereby created shall cease and be null and void. And the Mortgagor covenants and a~ees to and vith the Mortgagee as folloxs; ; 1. He ~+ill pe~y the principal sad interest and the various and sundry suams ' of money pe~yable by virtue of said promissory note and this mortgage promptly oa the ; days the sa,me become dwe and he Will promptly perform and comp~jr vith each and every ~ other covenant and agreement in said promissory note arid mortgage. 9 2. Be ~rill pey the taxes, assessments, levies, liabilities, obligations and incun~brances of every na.ture and kind nov on said described property, or that hereafter mqy be imposed, suffered, placed, levied or assessed thereon, or that here- after may be levied or assessed upon this aartgage or the indebtedness secured hereby, when due and payable according to lav, before they become delinquent, and before a~r interest attaches or anar penalty is incurred; and in so far as an~y thereof is of record the same shall be pra~~tly satisfied and disc~arged of record and the origi.nal official doc~ent evidencing such satisfaction and dischar~e shall be placed in the hands of said Mortgagee within ten days next after payment. 3. He vill keep the improvements nov existing or hereafter erected on the mortgaged property insured ageinst loss by fire and other hazards, casualties and contingencies in such amoeuits and for such periods as may be required by Mortgagee. All insurance shall be carriecl in companies approved by Mortgagee and tbe policies and renevals the~ceof shall be held by Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss he wi.ll give i~ediate notice by mail to Mortgagee, and Mortgagee may make proof of loss if not made promptly by l~ortgagor, and each insurance compar~y concerned is hereby authorized and directed to make pa~yment for such loss direct~jr to Mortgagee instead of to Mortgagor and Mortgagee 3ointly, and the insurance proceeds, or ar~y part tYbereof,me?y be applied by Mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restora:tion or repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to the mortgaged property in extinquisY~ment oP the indebtedness secured hereby, a11 right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee• 1 4. He srill permit, eoaunit, or suffer no ~raste, impairment or deterioration of said property or any part thereof and vill keep all buildings and improvements ~ nox or hereafter on said property in good repair and ~rill make a~ repairs Which Mortgagee in his discretion shall deem necessary for the proper preservation of said ` buildings and i~provements. 5. He ~rill•pay a11 and singutar the costs, charges sud e~cpenses, including ; reasonable attorney's fees, cost of abstracts of title and tit]~e searches incurred ~ or paid at acq~ time by the Mortgagee because of the failure on the part of the Mortgag~r ~ pro~pt~jr and tlilly to perform the agreements and crnrena.nts of said note and this ; mortgage, and said costs, charges and expenses shall be i~eediate],y due rsnd payable ~ and shall be secured by the lien oP this mortgage, and such expenditures shall drav ~ ~ s interest at tbe rate of eight per centum per ann~. ~ ~ 6. That (a) in the event of a~r breach o.° this mnrtgage or default on ~ the part of the Mortgag~r, or (b) in the event ar~r of said s~s of money herein ~ referred to be not promptly and fLil],y paid without demand or notice, or (c) in the ~ event the stipulations, agreements, conditions sad covenants of said note and this t mortgage are not duly, ptomptly aad fully performed, *hen in either or any such ~ event, the said aggrzgate a~ mentioned in said note then remaining unpaid, ~ri~h = interest aceru~ed to that time, and all moneys secured hereby, shall became du~e and ry payable forthvitb, or thereal'ter, at the option of said Mortgagee, as fully and complete~y as if a11 oi th~e said su~s of money vere originally stipul,ated to be paid + = on such day, aRythi~ng in said aote or in this mortgage to the contrary not~rithstanding; 4 i and thereupon or thereatter, at the option of said Mortgagee, without notice or ~ demand, suit at law or in equity, may be prosecuted as if a]1 moneys secured hereby ; k~ had matured prior to its institution. F~ - 7. The l~+~ortgsgee mqy, at a~r time while a suit is pending to foreclose or to reform tbis mortgage, or to enforce auy claims arising hereunder, apply to - the court having ~urisdiction tYiereof for the appoint~ent of a receiver, and such ` court shall forth~rith appoint a receiver of the premises and all other property ~ covered hereby, including all and singular tlle income, profits, rents, isswes and ~ swn F+orm M-29o6 o a 200 PacE 2J6 y= (9-12-60) - 3 - 600K = i~ 1 i~ - . _ _ . . . . . ~'~~i ...4 4 ~ , _ . 3 . -~Y~a ,Jr .v°~'-~~r'Y.eC.~ ~ f;r ' ~ x ]x ' ~ ~ ~ ~ ~ F ~ .~~n:~~~.~-~.~ ~ . . ~,Y"~_~,~3'~`!-:~Z'r-._ _ - . _`3'~,,-'~~3~w Tyr.._ .