HomeMy WebLinkAbout2635 (State of Florida dacumentary atar~s in Lhe ~r,ount requi.rad ny laW 3-~e ~.•,i,Ye;1 to ~
the original of the foregotng note and cauceled p4rsu;~nt to lav.)
And shall du~y, prompt,ly ar.d flilly gerform, discharge, execu*e , effect,
complete and comply with and abide by ~~ch and evexy thc stipulti.tfor.s, ~greerar~nts,
conditions a.Zd covenants of said prc,rs~~:ory not.e and of thfs mortga~;e, theu thi~
mortgage attd the estate hereby crn~ted s~iall cePSe ana bs nu11 and void.
And the Mortgagor covenants tind agrees to and vith +~he Diortgagee as fol].o~s:
l. He ~rill pay the principal snd ir.terest and the various and sundry si.~s
of money p~yable by virtue of said pro~r.issory note s.nd this mortga~re promptly on the
days the same become due and he Will pro~pt].,y perform and camply vith each and evezy
other covenant t3nd agreement in said pmraissory note and m~rtgage.
- 2. He ~rill pay the t~ces, assessments, levies, liabilities, obligations
and incwnbrances of every nature and kir.d now on said described property, or that
herea~'ter may be imposed, suffered, placed, levied or assessed thereon, or that here-
a#'ter may be levied or assessed upon this mor~gage or the indebtedness secured hereby,
when due and paya~Ie according ta lsx, before they become delinquent, and bePore at~
interest attaches or ar~y penalty is incurred; and in so far as any thereof is of
record the same sha11 be promptly satisfied and c3ischarged of record aud the original
officia? document evidencing such satisfaction and discharge shall be placed in the
hands of sai@ Martgagee within ten'days next afte: payment.
3. He W3.L keep the improvements now existing or hereafter erected on ~
the mortgag~ed property insured ageinst loss by fixe and other hazards, casualties
and contin~encies in such amounts and fer such periods as may be required by Mortgagee.
Al1 insurance shall be carried in ~ompai~ies approved by kortgag~ee and the policies
and renewals thereoP shall be held by Martgagee and have attached thereto loss pa.y~ble
clauses in favor of attd in form accepta.ble to the Mortgagee. In event of loss he ~rill
give i~mnediate notice by mail to Mortgagee, and Mortgagee may make proof of loss if
not made pronrptly by Martgagor, and each insurance compar~y concerned is hereby authorized
and directed to make payment for such loss direc~ly to Mortgagee instead of t.o Mortgagor
and Mortgagee 3ointly, and the insurance proceeds, or aRy part thereof,may be applied
by Mortgagee at its option either to tY:e reduction of the indebtedness hereby secured
or to the restoration or repair of the property damaged. In event of foreclosure of
this mortgage or other transfer of title to the mortgaged property in extin~uishmeat
of the indebtedness secured Y,ereby, s.1Z right, tit2e and inter~st of the Mortgagor
in and to any fnsura.nee po2icies then in force shall pass to the purchaser or grantee.
4. He ~ri.ll permit, eoffiait, or suffer no ~raste, impairment or deterioration
of said property or any part thereof and Will keep a11 buildings and improvements
noW or hereafter on said property in good repair and Will make a.ny repairs khich
Mortgagee in his discretion sha.ll deem necessaay for the proper preservation of said
buildings and improvements. -
5• He ~11'pay all and sin~lar ~he costs, charges and expenses, including
reasonabZe attorney's fees, cos~ of abstracts of title and title searches incurred
or paid at a~y time by the Mortgagee because of the failure on the part of the Mortgagor
promptly and ~1.1y to perform the agreements and covenants of said note and this
mortgage, and said costs, charges ar:d er.penses shall be ia~ediately due and payable
and shall be secured by the lien o~ this ~ortgage, and such expenditures shall draW
interest at the rate of eigh~ per cent~ x~er ann~mm.
6. Z`hat (a) in the event of any breach of this m~rtgsge or default on ~
the par~ o£ the Mortgagor, or (b) in the event a~y of said s~s of money herein
referred to be not promptly and f~il.ly naid Without demand or notice, or (c) in the
event the stipulations, agreements, conditions and covenants of said note and this
m4rtgage are no t dtily, promptly and fli11y performed, then in either or any such
event, the said aggregate swa mentioned irr said note then remaining unpa.id, ~ritb
interest sccrued to that time, a.n.d a11 moneys secured hereby, sha11 ~ecome dwe and ~
payable forth~rith, or thereaPter, at the option of said Mortgagee, as f~l.ly and
coarplete~}r as if aLl oP the said s~.ms of money s~rere originally stip~.~lated to be paid s
on such day, aaything in said note or in th~s mortgage to the contrary not~r.i.thstanding; ~
and thereupon or thereafter, at the opti~n of said Mortgagee, ~rithout notice or ~
demand, suit at lav or in equity, may be prosecuted as if all moneys secured hereby ~
had matured prior to its institution. ~
,
7. The Mortgagee ma,y, at any time While a suit i~ pending to foreclose
or to reform this mortgage, or to enforce any claims arising hereunder, apply to
the court having ~urisdiction ~hereof for the ap~ointment of a reee;ver, aad such
court shall forth~rith appoint a receiver of the premises end al.l. other property
covered hereby, including all aind singular the iaeome, profits, rents, issues a.nd
SWD For~ M-2906
{9-12-60) _ 3- ~ R 20~ 2UJ4
BOOK PAGf
: -
. . . - _ . .
~
~4- ~
. _ _