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HomeMy WebLinkAbout0907 ~6~ The Mortgagor will pay. before same become delinquertt, all taxes o~ every kina and nature iincluding zcal and pcrsonal property taxcs and income, fran- chise. Withholdinq, profits and gross recefpts taxes), all general and special ~ assessa~ents, levies, permits, inspection and license fees, a12 water and sewer rents and charges, and all other public charges whether of a like or different ~ naturc. imposed upon or assessed•against it or the Mortgaged Property or arisinq in respcct of the occupancy, use or possession thereof. The Hortqagor will, upon the request of the Mortqagee, deliver to the Mortgaqee receipts evidencinq t,he payiaent of a21 such taxes, assessments, levies, fees, rents aad,other public charqes imposed upon or assessed against it or the Mortqaqed Property or the revenues; zents, ~ssues, incane or profits thexeof. ~ 47. The Mortgagor will. at the cost of the Mortqagor, and without expense to t}ie Mortqagee, do, execute, acknowledqe, and deliver all and every such further acts, deeds, conveyances, moxtgaqes, assigrunents, notices of as$iqnments, trans- ' fers and assurances as the Mortgagee shall from time to time require, for the better assuri.ng, conveying, assigninq, transferrinq and confizaeinq unto the Mortgaqee the property and rights hereby conveyed or assiqned or intended nor~r or hereafter so to be, or which the Mortqaqor may be or may hereafter becoaie bound to convey or assign to the Mortgaqee, or for carryinq out the intention or facilitatinq the perfonnance of the terms o~ this Mortqaqe, or for:filinq, ~ . reqisterinq or recording this Mortqaqe, and on demand, will execute and deliver, ~ and hereby authorizes the l~iortgage upon any failure of Mortgaqor so to do, to execute in the n~~e of tne Mortgagor to_the extent it may lawfully do so, one or a~ore financial stateme~nts, chattel mortgages or comparable security instru- - ~ ments, to evidence more effectively the lien hereof upon the iaixed or personal ~ ~zoperty and hereby irrevocablj appoints Mortgagee the aqent and attorney-in-fact ~ of Martgagor so to do. - . • . - ' 1 48. ~In the event of the passaqe of any federal, territorial ar other qovernmental ~ law, order, rule or regulation, subsequent to the date hereof, in any manner ; chanqinq or modifyi,ng the laws now in force governing the taxation of debts se- . cured by de~ds to secure debt, or the manner of collectinq taxes so as to affect adversely Mortgaqee. Mortgagor will pranptly pay any such tax;'if Mortgaqor fails to make such pra:apt payment of if any such federal, territorial or other qovern- ` mental law, order, rule or regulation prohi.bits Mortgagor fram makinq such pay- ~ ment or would penalize tiortgagee if t~iortgagor makes such payment, then the entire ~ balance of the principal sum secured by this indenture and all interest accrued thereon shall, without notice, immediately becozne due and payable at the option of the Mortgagee. • _ - • 49. Mortgagor will pay, before the same become delinquent, al.l taxes, 2fens. assessments and charges of every character already levied or assessed or that may hereafter be levied or assessed upon or aqai.nst said pre~nises and all-utility charqes, whether public or private; and upon demand will furnish Mortqaqee re- ~ ceipted-bill evidencing snch payanent. - Mortqagor will not suffer any mechanic's, materialmens', laborer's, statutory or other lien which might or could be prior to or equal to the lien of this indenture to be ~reated or to remain outstanding upon any part of the premises. - For the purposes of carrying out the provisions of this paragraph, Mortgaqor constitutes and appoints riortgagee the true and lawful attorney-in-fact of Mort-- gaqor to do and perform,.from time to tiu~e, at the sole option of the Mortgagee, any and all actions necessary and incidental to such purpose.and does, by these presents, ratify and confirm any and all actions of said attorney-in-fact in the premises. Whenever all such events of default have been cured and satis- fied, l~iortgagee shall surrender possession of the premises to !lortgagor, pro- vided that the right of tiortqagee_to take possession, fram time to time, pur- saant to the above paragraph, shall exist if any subsequent event of default shall occur and be continuing. ~ - I ~ , s 5p.r The 2iortgayor will keep thc bui~ldings, whethcr now standing on said pre- > mises or hereafter,erected, continuously insured against loss or dar,?age by ' fire and against such other hazards as the Mortgagee, in its sole discretion, shall from time to time requize, for"the benefit of the Mortgagee; that all such insurance at all times will be in an insurance company or companies and - in terr.?s and amounts acceptable to the Mortqaqee, with loss, if any, payable to the Mort9agee as its interest m1y appear, pursuant to a mortgagce clause w}~ich shall be satisfactory to thc Mortgaqee; and that forth~aith upon the _ goo~ 212 PAGE 907 ; LAW OFPfCEf. COURSNON ~ COURSHON. FORTY • FIIlST STR[ET OFrICE. POfT OFFIC[ OOX t047. MIAMI oEACM. FLORIOA ~.7f10 j 1 : i ~ ~ ~a p - • - . 6y;,'.~~'a'~ 4 a' rt~.~r`~.~.-~ ~ .