HomeMy WebLinkAbout1696 (Sta,te of Florida documentary stamps in the amount required by law are affixed to
the original of the Poregoing note and canceled pursuaat to lav.)
And shall du~y, promptly and fltl~y perform, discha.~ge, execute, effect,
complete and comply vith and abide by each and every the stipulations, agreements,
conditions and covenants of said promissory note and of tbia mortgage, then this
mortgage and the estate hereby created shall cease and be null and void.
And the Mortgagor coveaants and agrees to and irith the Mortga.gee as folloWS:
l. Ae vi.ll pay the principal and interest and the various and sun8ry su¢ns
of money p~yable by virtue of said promissory note and this mortga.ge promptly on the
days the saa~e becoa~e due and he Will promptly perform and comp~y vith each and every
other covenant and agreement in said promissory note and mortgage.
2. Ae ~?iIl pay the tar.es, asse~~~ents, ?evies, 3iabilities, obli~tations
and incwnbrances of every nature and kind norr on said described property, or that
hereafter may be imposed, suffered, placed, levied or assessed thereon, or that here-
after may be levied or assessed upon this mortgage or the indebtedness secured hereby,
When due and payable according to laW, before they become delinquent, and before ar~y
interest attaches or any penalty is incurred; and in so far as a~y thereof is of
record the same shall be promptly sstisffed an@ discharged of record and the original
official document evidenci~g such satisfaction and discharge shall be placed in the
hands of said Mortgagee ~rithin ten days next after payment.
3. He Will keep the i~provements noW existing or hereafter erected on
the mortgaged property insured ag~.inst loss by fire and other hazards, cssualties
and contingencies ia such smounts and for such periods as may be required by Mortgsgee.
All insurance shall be carried in compaz~ies approved by Mortgagee and the policies
and rene~rals thereof shall be held by Mortgagee and have attached thereto loss payable
clauses in favor of and in form acceptable to the Mortgagee. In event of loss he Will
give in~ediate notice by mail to Mortgagee, and Mortgagee may make proof of loss if
not made promptly by Mortgagor, and each insurance compa~y concerned is hereby authori2ed
and directed to make payment for such loss directly to Mortgagee instead of to Mortgagor
a.nd Mortgagee 3ointly, and the insurance proceeds, or a~y part thereof,may be applied
by Mortjtagee at its option either to the reduction of the indebtedness hereby secured
or to the restoration or repair of the property aamaged. In CVClIV ~:,r~c~~s•.~ ef
this mortgage or other transfer of title to the mortgaged property in extin~uishment
of the indebtedness secured hereby, aZl rfght, title and interest of the Mortgagor
in and to any iasurance policies then in force shall pass to the purchaser or grantee.
4. He Kill permit, eo~nnit, or s•~ffer no ~raste, im~pairment or deterioration
of said property or any part thereof and will keep all buildings and isaprovements
~ noa or hereafter on said property in good repair and ~+ill make a~y repairs ~rhich
Mortgagee in his discretion shall deem necessary for the proper preservation of said
buildings and improvements.
, 5. He ~rill'pay all and singular the costs, charges and expenses, including
reasonable ettorney's fees, cost of abstracts of title and title searches incurred
~ or paid at a~qy time by the Mortga.gee because of the failure on the part of the Mortgagor
~ promptly and flilly to perform the agreements and covena.nts of said note and this
; mortgage, and said costs, charges snd expenses shall be ia¢nediately due and payable
: and shall be secured by lien oP this mortgage, and such expenditures shall drav
~
interest at the rate of/ ~}ier cent~ per annt,am.
~
~
6. That (e) in the event of any breach of this mort~age or default on
the p~rt of the Mortgagor, or (b) in the event any of said sums of money herein
referred to be aot prompt]y and flilly paid without demand or notice, or (c) in the
event the stipu].ations, agreements, conditions and covenants of said note and this
~ mortgage are not duly, proacptly and fully perfo~d, then in either or any such
event, the said aggregate s~n mentioned in said note then remaining uttpaid, r~ith
` interest accrued to that time, and all moneys secured hereby, shall become due and
payable forth~rith, or tbereafter, at the option of said Mortgagee, as #'ully and
' complete~jr as if all of the said siuns of money ~ere originally stipulated to be paid
on~such day, anything in said note or in this mortgage to the contrary not~rithstanding;
and thereupon or theresfter, at the option of said Mortgagee, ~ri.thout notice or
demand, suit st l.a~ or in equity, may be prosecuted as if all mc~neys secwred hereby
had matured prior to its institution.
7. The Mortgagee mey, at aqy time While a suit is pending to foreclose
` or to reform this mortgage, or to enforce a~y clain~s arising hereunder, apply to
# the court having ~urisdiction thereof for the sppoint,ment of a receiver, and such
court shall forthWith appoint a receiver of the premfses and all otk~r property
; covered hereby, including all and sin~eZlar the income, profits, rents, isst:es aad
SFID Form M-~906
c9-~~-~~ - 3 - ~~F~ 210 ~A~E
.~:V ~ - t ` F~~
'^~9.~ .vG~. . ~ ~i s
-~•~~y~
~~'i`~
_ ~ .n., _r . _ . -yS~"~3z iM~-r+~s~F