HomeMy WebLinkAbout4498 I
SAID the mortgagor hereby further covenants and agrees to pay promptly
when due the principal and interest and other sums of money provided for in
said note 8nd this mortgage, vr either; to pay all and singular the taxes, •
assessments, Zevies, liabilities, and encumbrances of every nature on said
property; to permit, commit or suffer no waste, impairment or deterioration
of said land or the iuiprovements thereon at any time; to keep the buildings
now or hereafter on said land fuZly insured in a sum of not less than NONE
in a company or companies acceptable to the mortgagee, the policy or policies
to be held by, and payable to said mortgagee, and in the event any sum of
money becomes payable by virtue of such insurance the mortgagee sha1Z have
the right to receive and apply the same to the indebtedness hereby secured,
accounting to the mortgagor for any surplus; to pay all costs, charges,
and expenses, including lawyer's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptly
and fu12y cam~ply with the agreements, stipulations, conditions and covenants
of said nota and this mortgage, or either; to perform, canply with and
abide-by each and every the agreements, stipulations, conditions and covenants
set forth in said note and this mortgage or either. In the event the mortgagor
fails to pay when due any tax, assessment, insurance premium or other sum of
money payable by virtue of said note and this mortgage, or either, the
mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and a11 such payments shaZl bear interest fran
date thereof at the highest lawful rate then allowed by the laws of the State of
Florida.
IF any sum of monsy herein referred to be not pramptly paid within 30
days next after the same becomes due, or if each and every the agreements, .
stipulations, canditions and covenants af said note and this mortgage, ox
either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid
thereon, shall forthwith or thereafter, at the option of the mortgagee, become
and be d~e and payable, anything in said note or herein to the contrary not-
withstanding. Failure by the mortgagee to exerci'se any of the rights or options
BOOK ~v9 vaGE~4~
_ _ 1
~ -
. 5 - ~ i ~
. . . - - - ~M