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{8tate of 1~'lorida doctment~y staaps in the e~ount required by lav ax~e afPixed to ~
t.be original of tbe ioregoiag aote and canceled pursuant to l,av.) -
And shall duly, proqptly and l1~l~y perform, discharge, execute, effect,
cw~plete snd co~ly vith and abide by each and every tbe Btipul8tions, egreeaeats,
conditions and co~renaats of saitl proa4issory note aad of this mortga~e, thea this
m~rtga~ge ancl the estate bereby created shall cee~se and be nu11 and void.
And the Mort~agor covenants and a~rees to and rith the Mortgagee as fo].lrovs: '
l. He vill pe~y the principal and interest and the various and sandry s~
of aoney pe~yable by virtue of said promiesory note an8 this m~rtgage prote~pt~y on the
days the save beca~e due and he xill promptly pertorm and cwo~ly vith eacb and every
other coven8at and agreement in said proaoissory mte and mort~ge.
2. Be irill pey the taxes, assesaments, levies, liabilities, obligrations
and inc~rances o! everq nature and kind noM on said described property, or that
hereafter may be iaposed, auPPered, placed, ],evied or assessed th~ereon, or that herc-
after me~y be ]~evied or aseessed upon this a~rt~ege or the indebtedness secured hereby,
wl~een du~e and peyable according to law, beiore they beco~oe delinqwent, sad before at~y
interest attaches or a~pr pene~7.ty is incurred; and in so far as aq}r thereof is of
record the same she~ll be ps~o~t]y satisfied and diacharged of record and the originel
:,ff3cial ctocumeat evideacing such satisfaction and discharge sha11 be placed in tbe
hands of said Mortgagee vithin ten days next after pe~yment.
3. 8e vill keep the iapro~vements nort+ existing or hereafter erected oa
the mortgaged property insured against loss by fire and other hazards, casualties
and contingencies ia such amounts and for such periods as me~y be requfred by Mortgsgee.
Al1 insurance shall be carried 3n compe~aies approved by Mortg~ee and the policies
and renevals thereof sba11 be held by Mortgagee snd have attached thereto loss p~yab],e
clauses in favor of and in foxn acceptabl,e to tbe Mortgagee. In event of loss he tiill
give iamediate notice by me~il to Mortgagee, and Mort~agee msy me~k~e proof of loss it
not made pro~ptly by Nort~agur, and each insurance co~par~y concer~d is hereby autl~orized
and directed to make peyment ior such loss directly to Mortgagee instead of to Mort~agor
and Mortgagee ~ointly, snd the 3.nsurance proceeds, or a~ pe~rt thereof,mrs~r be applfed
by Mort~a~ee at its aption either to the reduction oY the iadebtednes~ hereby secured
or to t2~e restoration or repair of the property dame:g~ed. In e~nent of forec].,osure of
tbis m4rtg~e or other transfer of title to the mortgeg+ed property in extinguisYnment
of tt~e indebtedn~ess secured hereby, 811 right, title and interest oP t~e Mort$agor
in and to at~r iasurance policiss tben in iorce shall pass to the purchaser or grantee.
4. Be irill perffit, eo~it, or suPfer no iraste, imp~irment or deterioration
of said property or an~r pert thereof and e+ill keep all buildings a.nd improvements
nov or hereaf'ter on said property in good regair an~d will me~lce ar~ repairs vhich
Mortgagee in his discretion shall deem necessary for the proper preservation o~ said
building~s and improvements.
5• He v3.11' pa~Y all and singtit7.ar the costs, charges sad expenses, ineluding
reasonabl,e attorr~ey's Pees, cost of abstracts of title and titLe searches inctn~red
or paid at ar~pr time by the Mortgagee because of the tailure on the part of tbe Mortgagor
prc~pt7y an8 ttttly to perPorm the agreements and covenants of said note and this
~ m~rt~age, and said costs, cY~arges sad expenses shall be imnediatelq dwe and pe4YabLe
i and atiall be secu~ed by the lien o~ tY~is mortgage, and such expenditures shall drak
j interest at the rate of eight per cent~ per ann~.
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E 6. That (a) in the event of an0r breach of this m~rtgage or default oa •
~ the part of the Mort~or, or (b ) in the ev~ent an~y of said summs of m~ney ~r~in
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~ referred to be not pTO~ptly and ll~lly paid vitt~out demaad or notice, or (c) in the
! event the stipulatians,-agreements, conditions and crnrenaY?ts of said note and this
€ mortgage are not du]y, pr+oa~ptly and !t~].7,y perPormed, tY~en in eit~r or si~}r such
svent, the said aggregate sum~ meationed in said note - tl~en remaining unpaid, irith
interest e,ccru~ed to tbat time, aad all moneys secured ~ereby, shall becioase du~e and
peyable forthvitb, or t~ereatter, at the option of said Mortga,gee, as ft~1,1,y ead
~ compl,ete~y as if all of tbe said swns of money ~rere origina7ly stipulated to be peid ,
t on swch d~q, aaything ia said note or in this m~rt~age to the contrary ~t~rithstaading; ;
E and thereupoa or tberesfter, at the option of said Mortgagee, t~rithout notice or
~ demsnd, seiit at lav or in eqnity, nqq be prosecuted as iY sll m4neys secured hereby
~ had a~tured prior to its institution.
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7. The Mortga~ee mey, st etpt time ~fiile a suit ie pending to foreclose
or to reform this aort~e~e, or to enPorce a~ claims arising hereunder, app~y to
~ the court tiaving ~urisdictian thereof for the appointment of a receiver, and such l.
court sl~all forthvith appoiat a receiver o! t2~e premises aad a11 otber praperty s
covered hereby, in~cluding all ead singular tbe inco~e, profits, rents, issues aad
SWD Fbrm M-2~06
(9-12-60) ' 3 " d00K2~~ PAf,E~~V