HomeMy WebLinkAbout1910 (State of Florida docwnentary stamps in Lhe a~rc~.r~•. ~•n r;-; _1,;~, 8re affixed to
the original of the foregoing note and cancele:3 ~.;~T.. in~.~ , j .
A1id sha11 duly, promptly snd flil.~ per„~ z:, r^; ^r, e, execute, effect,
complete and comply vith and abide by eacl-, an3 e,,~~: ~--r •::;f~ ^ ~.~ulations, agreements,
conditions and covenants of said promissor3- no~e ~-i:_~ rr~rt~age, then this
mortgage aYld the estate hereby created shr;ll ~•ea-:~- n~11 and void.
And the Mortgagor covenants and a~-~ee: ~ ~:1: -;.e Mortgagee as follows:
1. He vill pay the principal and in:,e:••~•~~'. various and sundry stm~s
of money pqyable by virtue of said promissor;r n^ ^ r.r. : s r:art ~ a~e promptly on the
days tbe same oecome due and he Will promptly pe ^c ~_,n~y c,~r~~ly xith each and every
other covenant and agreement in said promisso~y r.~ ~e ~i -r~~~~•t~~.ge.
2. He trill pey the taxes, assessments _e~. ,'~~bili ~ies, obligations
and inc~brances of every nature and kind nox or -eid ~±es~ribed property, or that
hereaPter may be imp~sed, suffered, placed, lev~ed :=;;;,es~ed thereon, or that here-
aPter mey be levied or assessed upon this mort~-s~e -::e :ndebtedness secured hereby,
vhen due and pe~yable according to law, before ~=;eti• `~~^~,:~e +:elinquent, and before at~r
interest attaches or any pen~lty is incurred; and sc~ f~r as a.ny thereof is of 4
record the ssme shall be prompt~jr satisfied ar.d d,s~-~.n~::ec~ cf recerd and the original '
ofPicial document evidencing such satisf~ction .~~d c_.s,~_:~~•~~e sh~:Zl be placed in the ~
hands of said Mortgagee ~rithin ten days next P~'~
3. He will keep the improvements r.c,-.r c~; c; i:e:~~ar~er ereeted on
the mortgaged property insured ag~inst loss b;~ ~~~,.c~.• t.~~ards, casualties
and contingencies in such amounts and for s:~^i~ r=~_-~ :n3-~ ~e required by Mortgagee. ~
All insurance shall be carried in companies a~-c~~~-: :~-~e and the policies ~ =
and renevals thereof shall be held by Mar~~~s~eF ci ~ ;c~~ed tnereto loss payable ~
clauses in favor of and in form acceptable to ~:~:c~ ~:~;~--:~:_~•~,e. In event of loss he ~ill =
give ina~ediate notice by mail to Mortgagee, a.nd t~;e.• ~.-;:e =~y ~xe proof of loss if }
aot made promptly by Mortga.gor, and each insur,_n~e co:~c~rned is hereby s;z~borized :
and direeted to make payment for such loss di~ec uo ~~or a~ee instead of to Mortgagor
and Mortgagee ~ointly, and the insurance prnceP~.:. nyr~- t'r_ereof,may be applied
by Mortgagee at its option either to the reduc ~ic^ c,~ ~.r:e ;~:.deb~edness hereby secured =
or to the restoration or repair of the rroper r:=~-~;~~~:~ . In event of foreclosure of '
this mortgage or other transfer of title to ~Y<e ~cr `•c,? p~o~er ~y in extinquishment
of the indebtedness secured hereby, all r;ght, ~Ze er:~ ~r. ~erest of the Mortgagor
in and to ar~y insurance policies then in force si_sll Y<_ss ~o the purchaser or grantee.
4. He ~rill permit, comnit, or suffe~ r.o ~-:s~e, ~a.^.~i~nt or deterioration
of said prcperty or any part thereof and will kee~~ ~i~ ~~~1d~n~,s and improvements
nov or hereafter on said property in good re~ai~ arU ~a~,_~ :.~ke any repairs which
Mortgagee in his discretion shall deem necess~=;~~:~o:~ ~~e ~r~~er preservation of said
buildin~s and impr~vements. t
5• He Will'pay all and singular t~:e ~___.~:~es ~nd expenses, including
reasonable attorney's fees, cost of abs ~rac ts cr t? e r:_ ~i ~lp searches incurred
or paid at a~y ti.me by the Mortgagee beca_ase o~ :.~e "~_?~,:-^e oi~ t:~e part of the Mortgag+or
provaptly and f~utlly to perform the agreemen~s an:'. ce~ver~-~ of sa~d note and this
mortgRge, arid said costs, charges and expenses snal~ t•e ~-ru-:e~3~ ~~e15? due and p~yabLe
and ahall be secured by the lien of ~his mortg=,,e, :u_~ s::~~~ expenditures shall drav
interest at the rate of eight per cent~un per a~.-~.
6. That (a) in the event of any breaci~ ~ r'~::~. ;;n~w~~a~;e or default on
, the part of the Mortgag~or, or (b ) in the ever.~ `n.r ,r u s~:~ of money 2ierein
; referred to be aot prompt].y ar:d fully paid u~~: c~:-~ ~r notice, or (c) in the
f event the stipulations, agreements, cond ~ tions ar.d ~~o:T~-a~r, ;s of said note and this
~ mortgage are not du~y, proiaptly an~ f•ally r.erf _:~:r,~ 1, ~::er_ ; n either or any such
event, the said aggregate s~n mentioned in said no :e t^er• rer~.~a.ining unpaid, ~rith
interest accrued to that time, and al.l mone;; s sec~ eu _-eb;r, s~all ~ecome dwe and
payable ~orthWith, or thereafter, at tne ~ption s~id "or~~a~ee, as fu]1y and
com~plete],y as if all of the said szuns of noney wern o-- :al~ ~ s;ipulated t.o be p~id
on sueh day, anything in said note or in tr~ s~:~ rtr: ~e r~ ~rze contrary notsrithstanding;
and thereupon or thereafter, at the option o` sa}d :{:-~r~--:~~e, :ritnout notice or
demand, suit at laW or in equity, ma,y be prosecu--~d :s -:)1 noneys secured hereby
had matured prior to its institution. ~
7• The Mortgagee ma~y, at ar~y time s~hi1_e a s•.::;; ;s pending to foreclose
or to reform this mortgage, or to enforce any c? rL:::,~ a-~ r.~ hereunder, apply to
the court having ~urisdiction thereaf for tne a~~~^`.~r.~ o~' ~ receiver, and such
court shall forthitith appoint a receiver o:° the p~e:.~~se: ~*:3 all other property
covered hereby, including all and singu3ar tne _n^~:r~ r~r~ ~s, rents, issues and
SHD Form M-2906
~9-12-60) _ j _ .
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