The URL can be used to link to this page

Home My WebLink About1719 ~5~ The Mortgagor will pay, before same become delinquent, all taxes of every kind a~d nature (incladinq real and pcrsonal property taxes and fncome, fran- chise. aithholding, profits and gross receipts taxes), all general and special ~ assess~ents, levies, permits, inspection and license fees, all water and sewer ~r~nts and charges, and all other public charqes whether o£ a like or different ; nature. imposed upon or assessed•against it or the Mortgaged Property or axisinq ~ in Yespect o= the occupancy, use or possession thereof. The Hortqagor will, ~3pon the request of the Mortqagee, deliver to the Mortgagee receipts evidencinq the payment of all such taxes, assessments, levies, fees, rents and.other public charges imposed uoon or assessed against it or the Mortqaqed property or the revenues;~ rents. ~,ssues, fncoaae or profits thereof. . • . 47. The Mortqaqor will, at the cost of the Mortgaqor, and without expense to t2ie Mortqaqee, do, execute, acknowledqe, and deliver all and every such further acts, deeds. canveyances, mortgages, assignments, notices o£ assiqnments, trans- ~ ~ fers and a.ssurances as the Mortqagee shall from time to time require, for.the better assurinq, conveying, assigninq, txansferring and confizminq unto the Mortgagee the property and rights hereby conveyed or assigned or intended now ` or hereafter so to be, or which the Mortqagor may be or may hereafter become bound to convey or assign to the Mortgaqee, or for carryinq out the intention or facilitating the performance of the terms of this Mortqaqe, or for:filinq. . registerinq or recording this Mortqaqe, and on demand, will execute and deliver, ~nd hereby authoriz~s the Mortgaqe-npon'any failure of Martgagor so ta do, to execute in the nzae of the Mortgagor to the extent it may lawfully do so, one ar more financial statements, chatte2 mortqages or comparable security instru- ments, to evidence more effectively 'the lien hereof upon the mixed or personal pzoperty and hereby irrevocablp ap,points Mortgagee the agent and attorney-in-fact of Mortqaqor so to do. ~ 48. In the event of the passage of any federal, territorial or other governmerital law, arder, rule or regulation, subsequent to the date hereof, in any manner changinq or modifying the laws now in force governinq the taxation of debts se- , cured by de~ds to secure debt. or the matu~er of collectinq taxes so as to affect adversely Mortqagee, Mortgagor will pranptly pay any such taac; if Mortgagor fails ; to make such prompt payment of if any such federal, territarial or other govern- mental law, order, rule or regulation prohi.bits Mortgagor fram making such pay- 3 ment or would penalize riortgagee 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 become due and payable at the optioa of the Mortgagee. • _ ' 4S_ Mortqaqor will pay, before the same became delinquent, all taxes, liens, assessments and charges of every character already levied or assessed or that may hereafter be levied or assessed upon or against said premises and all utility , charges, whether public or private; and upon demand will furnish Mortgagee re- ceipted bill evidencinq such payment. . • biortgagor will not suffer any mechanic's, materialmens', laborer's, statutory or other lien which might or could be prior to or equal to the 2ien of this indenture to be created or to re~nain autstanding upon any part of the premises. i ~ f For the purposes of carrying out the provisions of this paragraph, Mortgaqor ~ ~ constftutes and appoints Diortqagee the true and lawful attorney-in-fact of riort-• t ; gagor to do and per€orm, €rom time to ti~?e, at the sole option of the Mortqagee, ~ ! any and all actions necessary and incidental to such purpose and does, by these ' ' presents, ratify and confirm any and all actioris o£ said attorney-in-fact in ~ the premises. Whenever all such evenfis of default have been cured and satis- . ; f~ed, riortgagee shall surrender possession of the prer.~ises to llortgagor, pro- ; vided that the right of riortgagee to take possession, fra~n tine to time, pur- suant to the above paraqraph, shall exist if any subsequent event of default shall occur and be continuing. < - 50:' The2iortqagor will keep thc buildings, whether now standing on said pre- mises or hereafter_erected, continuously insured against loss or daraage by fire and aqainst snch ather hazards as the riortgagee, in its sole discretion, shall from time to time require, for"the benefit of the Mortgagee; that all such insurance at all ticnes will be in an insurance company or companies and . in terns and ainonnts acceptable to the Mortgaqee, with ].oss, if any, payaUle ta the rlortqagee as~its interest may appear, pursuant to a mortgagec clause which shall be satisfactory to the Mortgagee; and that forthwith upon the - ~ 800K 2~4 ~Gf ~~~tJ ? BOOK 2~~ PACE 9O~ LAW OFFIGES. COURSHON • GOURSHON, FORTY - FIROT STREET OFIRCE. POST OFFIGE HOX 2d47. MIAMI BEAGH. ~LORIOA ~~1t0 ~ ' `s - ~ - : ,s,re~ t ~ , ~ _ - ~3 . _ , _ _ ~F".~:'~ ~