HomeMy WebLinkAbout1335 said su:~s of mo~ley hE~rein referred to be not promptly and fully
paid without demand or noti.ce, or (c) In the event that each ~
and every stipulatians, agreem~nts, conditioils and covenants of
said Note and this riortgage, ar. roZ duly, promptly and fully
performed; then in either of any such event, the said aggrega~e
sum mentioned in said Note then remaining unpaid, with interest `
accrued to that time, and all moneys secured hereby, shall become ~
due and pa~able forth~~ith, or thereafter, at the option of said
Mortgagee, as fully and completely as if all of the said sums of
money 4rere originally stipulated to be paid on such day, anything
in said Note or in this Mortgage to the contrary notwithstanding; -
and thereupon or thereafter, at the option of said Mortgagee,
without notice or demand, suit at law or in equity, may be prose-
cuted as if all moneys secured hereby had matured prior to its
institution. The Mortgagee may foreclose this Mortgage, as to
- the amount s~ declared due and payable, and the said premises
shall be sold to satisfy and pay the same together with costs,
expenses, and allowances. In cases of partial foreclosure of ,
this Mortgage, the mortgaged premises shall be sold subject to ~
the continuing lien of this Mortgage for the amount of the debt g
not then due and unpaid. In such case, the provisions of this ~
paragraph may again be availed of thereafter from time to time by ;
the 1?Iortgagee. ~
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That the Mortgagor will give immediate notice by mail to the ;
Mortgagee of any conveyance, transfer or change of owner-ship of ;
the premises. • . ~
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9. That no waiver of any covenants herein or of the obligation ~e- ~
;
cured hereby shall at any time thereafter be held to be a waiver ~
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~ of_ the,terms hereof or of the Note secured hereby. ~
~ ;
; 10. That if the ~torL-gagor defaults in any of the covenants or agree- :
~ - ments contained herein, or in said Note, then the MortgaGee may '
~ perform the same, and all expenditures (including reasonable
~ attorney's fees) made by the Mortgagee in so doing shall draw in- ~
~ terest at the highest rate permitted under the la~os of the State ;
~ of Florida, and shall be repayable immediately and caithout dema:~d ;
~ by the Mortgagor to the Mortgagee, and,~together with interest '
~ and costs accruing thereon, shall be secured by this Mortgafie. ;
~ 11. That the mailing of a written notice or demand addressed to the
~ owrter of record of the mortgaged premises, or directed to the
~ said owner at the last address actually furnished to the Mortga-
~ gee, or directed to said owner at said mortgaged premises, and ~
~ mailed in the Uni_ted States mails, shall be sufficient notice and
= demand in any case arising under this instrument and required by
- the provisicns hereof or by law.
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12. That in the event the prer.iises morrgaged, or any part of them,
~ shall be conde~rned and taken for public use under the power of -
eminent domain, the Tlortgagec~ shall have the right to demand that -
~ all damages aa~ard~d for the t~ki.ig of or damages to the pren~i.s~~s ~
~ shall be p-~i~ to the ;~iortaagee., up to the am~unt then un~aid oT~
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~ this ma~ tg~_ge and the cblio~tion secured, a~d may be zppl=_ccT t~~ ;
the payr.t~r.t-s last p.3_y.~ble under this Tlortga~e aiid the obligati~z:
~ securE~d .
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