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HomeMy WebLinkAbout1431 ~ ; 2. To pay the indebtedneu hereby secured and interest thereon pcomptly on the days spectfied for the ~ same to become due and payable. and to pay. on demand, any other indebtedness that may beoome due and payable to the mortgagee under the terms and provisions of this mortgage. 3. To keep the premises in good repair; not to commlt or suffer suip or wa~te on the premiu~ toobtain the written oonsent of the matgagee before demolishing, removing or materially altering any building. ~truc- ture or improvement now or hereaftcr upon the premisa or before allowing a~y such building. structure a im- provemeat to be demolished, removed a materially sltered; to obtain the wtitten con~ent of the matgagee ~ before any timber ndw or hueaftu upon the premises is turpentined or cut wich the exception that timber may ' be cuc for neceuary firewood for the uu of occupana of the premi~es and for necessary upkeep of the improve- menu thereon; not to commit a suffu any act by which the value of the premises may be impaUed; aot to violate or permtt the violation of any law, by-law, ordinance, con~act affecting the premises. or oovenant or agreement of recad against the premius. 4. To pay before they become delinquent or penalty for nonpayment accrues. all taxa, aueumenu~ rcater rates and charga of every nature that may now or hereafter be imposed. levied~ or assessed upoa oc against the premises ot any part thueof or upon the renu, iuues. inoome or proHa tht~rw~. Nhetha any or all of said taxes. assessmenu or charges be levied d'uectly or indirectly or as excise taxes a as incomataxes. S. To keep the buildings. improvemencs, timber and all apparatus and fixtures now or haeafta upon che premises insured against loss a damage by fire and othet hazards~ as the matgagee may from time to time require; that all such iasuraace shall be in fams. in oompanies and in sums aatisfactory to the mortga- gee; that all insurance policies shall be held by. shall be for the benefit of the first payable in case of losa to the moztgagee; aad that at least fifteen days before the expiration of each such policy. a aew and wffici- ent policy to take the place of the one so expiring shall be delivered to the macgagee. The mactgaga hereby ~ assigns to the mortgagee all moneys reco~rerable undet each such policy. and agrea that in the event of a lou the amounc collecced or any poreion thueof may. at the option of the matgagee. be applled by the ~ ~ mortgagee to fulfill aay one or more of the obligations secured hereby in such order as the mortgagee may determine or be used in replacing. repairing o~ restoring any partially a totaUy datroyed property to s oon- dition satisfactory to the matgagee cx be released to the mortgagor. and any amouat eo released or used shall not be deemed a paymeac on the indebcedness secured hereby. The martgagor hereby appoinu the matgagee attorney irrevocable of the mortgagor to assign each such policy in the eveat of the foreclosure of this mortgage. 6. To pay all sums the failure to pay which may result in the acquisicion of a lien prior to the lien of this morcgage, before such a prior lien may attach. That. upon faflure co comply with any of the terms. oovenaats or agteemenu conuined haeta. the mongagee. may make advances to perform the same on behalf of the morcgagor. and that all sums so advaaced ' with interest at the highest legal race per annum shall be paid by the mortgagor. shall be immediately due and payable and shall be secured hereby; but the making of any such advances shall not be deemed to relieve the mortgagor from any defauit hereunder or impair any right or remedy consequent thereon and the exucise of the I right to make such advances shall be optional with the mortgagee and the mottgagee shall not in any case be I liable co the mortgagor for failure co exucise any such right. ~ 8. That the mortgagee shall be subrogated for furd?er security to the lien, although released of record. of any and all encumbrances paid out of the proceeds of the loan ucured by thia matgage. 9. That-if any action a proceeding be oommenced. except an action to foreclose this matgage or to collect the indebtedness hereby secured, to which accion or proceeding the matgagee is made a parcy byreason of the execution of this matgage or the note which it secures. or in which the martgagee deems it necessary to defend in order to uphold the lien of this matgage or the priority thereof or possession of said premises. all sums paid or incurced by the matgagee for oounsel fees and orher expenses in such action a proceeding shall be paid ' by the mortgagor together with interest thereon from date of payment by the matgagee at the highest legal Aete ~ pet annum. and all such sums and the interest thereon shall be immediately due and payable and be secured hereby. 10. That in the event of [he passage of any law of the State of Florida changing in any way the laws now ~ in force for [he taxation of matgages or debu ucured by matgages or the manner of the oollection thereof, ~ which ma~ adversely afEect the righu and interest of the mortgagee, the morcgagee shall have the right togive thirty days written notice to the matgagor requiring payment of [he indebtedness hereby secured. and if such ~ notice is given, said Indebtedness shall immediately become due and payable at the expiration of said thirty ~ _ days. ~ 11. That in the event the mortgagee shall place the note hereby secured in the hands of an actorney for ~ collection or shall proceed to foreclou this mortgage, the mortgagor will pay such attorney's fees as are ~ authorized by law. the cost of such title search as the mortgagee may require and all court cosu and expenses paid or incurred in connection therewith, and that the same are secured hereby. ~ ~ 12. That any failure co exercise any right hereunder shali not constitute or be consuued as a waiver of ~ that right at any future time, ~ 13. That this mortgage areates a continuing lien to secure the full and final payment of the indebtedness ~ hereby ucurea and all ocher obligations imposed hereby and hereafter arising. ~ 71+. Should Mortgagor sell convey, agree to sell, transfer or dispose of, or at~y ~ part thereof, or ar~y interes~ therein whether voluntarily or involuntaril or bgr ~ a y ~ operation of law or otheraise, withou~ the written consent of Mortgagee be3ng first had ~ and obtained, Mortgagee shall have the right, at its option, to declare all sums se- ~ cured hereby forthxith due and payable. ~ ~ 2pg r~~~1~3i - ec~.K - ~ i ry f a ~ - k,;a, . ~ ~ ~ ~~r --~f ~ ~~t _ , .