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by virtue of this mortgage; and the full amount of each and every
such payment shall be immediately due and payable and shall bear
interest from the date thereof until paid at the rate of seven
per centun per annum, and together with such interest, shall be secured
by the lien of this mortgage; but nothing herein contained shall be
construed as requiring the Mortgagee to advance or expend moneys for
any of the purposes in this paragraph mentioned;
~ 8. That the mortgagee shall be subrogated for further security
to the lien, although released of record, of any and all encumbrances
~ paid out of the proceeds of the loan secured by this mortgage; ~
! 9. That, if any action or proceeding be commenced to which
' action or proceeding the mortgagee is made a party defendant by reason
of the execution of this mortgage or the note which it secures, or in
which the mortgagee deems it necessary to defend in order to uphold
the lien of this mortgage or the priority thereof or possession of ~
said mortgaged premises, all sums paid or incurred by the mortgagee ;
for counsel fees and other expenses in such action or proceeding '
shall be repai~i by the mortgagor, together with interest thereon from ;
date of payment by the mortgagee at the rate of seven per centum per ;
annum, and all such sums and the interest thereon shall be immediately ~
due and payable and be secured hereby, having the benefit of the
lien hereby created and of its priority;
~ 10. That any and all awards heretofore made and hereafter to
be made by the City of Fort Pierce or any municipal, county, state
~ or federal authorities to the present and all subsequent owners
~ of the premises covered by this mortgage, including any award or
; awards whether for a taking of title to, possession of, or any
~ interest in, the mortgaged gremises or any part thereof and any
o award or awards received for damages sustained by the mortgaged ~
• premises or any part thereof or for any change or =hanges of grade '
0 of streets affecting said premises, are hereby assigned to the `
= mortgagee; and the mortgagee, at its option, is hereby authorized,
: directed and empowered to collect and receive the proceeds of any
~ such award or awards from the authorities making the same and to
~ give proper receipts and acquittances therefor, and to apply the
; o same toward the payment of the amount owing on account of the _
; ; mortgage debt, notwithstanding the fact that the amount owing on
~ o account of the mortgage debt may not be then due and payable; and -
~ ~ the mortgagors hereby covenant and agree to and with the mortgagee, ;
~ z upon request by the mortgagee, to make, execute and deliver any and
~ : all assignments and other instruments sufficient for the purpose of
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~ assigning the aforesaid award or awards to the mortgagee free,
~ ~ clear and discharged of any and all encumbrances of any kind or
~ nature whatsoever; .
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~ ~ 11. That (a) in the event of any breach of this mortgage. or
~ i default on the part of the Mortgagors, or (b) in the event any of
i said sums of money herein referred to be not promptly and fully paid
~ ~ within ten days next after the same severally become due and payable,
~ ~I without demand or notice, or (c) in the event each and every the
~ stipulations, conditions and covenants of said promissory note and
~ ( this mortgage, any or either, are not duly performed, complied with
~ : and abided by; then, in either or any such event, the said aggregate
~ sum mentioned in said promissory note then remaining unpaid, with
~ ~ interest accrued, and all moneys secured hereby, shall become due
~ ~ and payable forthwith, or thereafter, at the option of said mortgagee, '
~ I as fully and completaly as if all of the said sums of money were r
_ I originally stipulated to be paid on such day, anything in said
~ promissory note or in this mortgage to the contrary notwithstanding;
~n and thereupon or thereafter, at the option of the Mortgagee, without
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