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HomeMy WebLinkAbout1369 ~ 2. To pay the indebcedness hereby ucured and tnterest thueon promptly on the days speclfied for the - same to beoome due and payable, aad to pay. on demand. any othu indebtedness that may beoome due and payable to the mortgagee unda the tams and provisions of chi: mangage. 3. To keep the premises 1n good repait; not to oommit ar suffu saip or waste on the ptemi~ toobtain the wricten oonsent of the ma[cgagee before demolbhing. removing o~ materially alcering aay bailding. ~ttuc- tur~ or impiovement aorv a hereafcu upoa the prem~es or before allowing any such building. struct~ue a im- provement to be demolished., removed a matuially altered; to obtain the rrritten oonseat of the matgagee befae aay dmber now or hueafter upon the premises i: turpeatined or cut with the exception that timber msy be cut fa necessary fitewood for the ute of occupants of the premises and fot necess~ary upkeep of the improve- mena theteor~ not to commit a wffu aay act by which the value of the prert~ises may be impaiced; aot to violate a permit the violation of any law. by-law. adinance. conaract affecting the premttes. ot oovenant or agreement of record against the premises. 4. To pay before they become delinquent or pe~alty tor nonpayment accrues~ aU taxes~ assessmenu. - water rata and charges of~every nature that may now or hereafter be imposed. levied; or auessed upon or against the premises or any put thaeof or upon the rents. issues~ inoome or profin thaeof, whether any ~ all of said taxes~ asseumenu or charges be tevfed dfrectly or indirectly or aa exeise tsxes or as fncometaxes. . S. To keep the buildia~, improvemeau. timber and all apparatu: and fixtures now or haeafca upoa the premises inwred against loss a damage by fire and otha hazards. as the matgagee may trom time to cime require; that aU wch inwraace shsll be in fams, tn oompanies ac~d in sumt satisfactory to the matga- ge~ ~at all insurance policies shall be held by. shall be foc the beaefit of the first payable in cue of loss to the matgagee; aad that at least fifteen days before the expiradon of each such policy. a aew aad wffici- ent policy to uke the place of the one :o expiring shall be delivered to the matgagee. The matgaga hueby suigas to the mactgagee all moneys recoverable unda each wch policy. and agreu that ia the event of a ioss the amounc caliected or aay portion theseof may, at the option of the matgagee, be applled by the mortgagee to fulfill any ane a mae of the obllgarions seaued hereby in wdt order as the mortgagee may decumine or be used in replacing; repairing oc restaing aay partially or toully duuoyed propercy to a wn- dicion ~at~factory ~o the matgagee a be releued to the matgagor, and any amount w released a~ used dtall not be deemed a payment on the indebtednus secured hueby. The matgagor hereby appoints the matgagee attorney irrevocable of che matgagor to auign each such policy ia the event of the foreclosure of this matgage. 6. To pay all sums the failure to pay which may result in the acquisition of a liea prior to the liea of this matgage. before wch a prior liea may attach. 7. 'Phat, upoa failure to comply wich any of the terms. oovenants or agreements conained haein~ the mortgagee~ may make advances to perform the same oa behalf of the mottgagor~ and that all sums so advaaoed with interest at the highest legal rate per aanum shall be patd by the matgagor. ;hall be immedtately due and payabte aad shall be secured hereby; but tht making of any such advances shal~ not be deemed w relleve the moatgagor from any default hereunder or impair any right or remedy oonsequent thereoa and the exuci~ of che rigfit to make wch advaaces ~hall be optional with the matgagee and the mortgagee ~all not in any case be liable co the mortgaga for failure ~o exucise aay wch righ~ 8. That ~e morcgagee shaU be subcogated for furdiec security co the lien. although released of reoocd. of aay aad all encum6rances paid oat of the proceeds of the loaa tecured by this matgage. 9. That if any action or prooeeding be oommeaced. axcept an action to foreclose this matgage or to ~llecc the indebtedness hueby secured, to which action or proceeding the macgagee is made a patty byreason of the execution of this matgage or the aote which it secura~ or in which the martgagee deems it necasary to ; defend in order to uphold the lien of tfiis mortgage or the priarity thaeof or possession of said premises. all wms paid a incuired by the matgagee for counsel fees and other expenses in such action or proceedipg shall bt paid by the ma~tgagor cogether wirh intuest thueon from da[e of payment by the moctgagee at the higfiest legai nete per annum, and all such sums and the intaest thueoa shall be immediately due aad payable and be secured ~ hereby. ~ - 10. That in the event of the passage of any law of the State of Florida chapging in any r+ay tht laws now - in force for che taxation of matgages or debu secuied by matgages or [he manner of the oollection thaeof, which may adversely affect the righis and interest of ~e matgagee~ the m~c[gagee shall have the right togive thitty days written notice to the matgagor requiring payment of the indebtedness hereby secured. and if wch notice is given. said indebtedness shall tmmedtately become due and payable at the exp:radon of said thitty days, ; 11. That in the eveat the mortgagee shall place the note hereby secured in the hands of an attaney for collection or shall proceed to foreclose this mortgage~ d?e mortgagor will pay such attorney's fees as are authorlud by law, the cost of wch title search as the mortgagee may require and all court com and expensea paid or incurred in connection therewith, and that the ume ue secured haeby. _ ~ 12. That aay failure to exercise any right hereunder shall not constitute or be consarued as a waiver of that rfght at any future tfine. ~ F 13. Thac this mortgage creates a continuing lien to ucure the full and final payment of ctie iadebtedaess ' hueb secuced and all othu obligations imposed haeb and hueafter arisin . ~ ~li.. To contitn~ally comply With anc~ conform to al.~ IaWS ordinances regul~tions, ; covenant~, conditions a~od restrictions affecting the propex-~y which is ~o serve as - the security for this loan, and not to co~ni.t, suffer or permit at~ act to be done in ~rypo n se~id property in violation thereof. • 15. That this mo~~~ e shall be considered a Security 9greement woder the IIniform Commere3,al Code of the 5tate of F7.orida. ~ Q ~:c-~c~1~ ~!r:1~~ . _ ~ " : ~ ~ } ~ ~ W ~