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Home My WebLink About0403 :90QTG~GE OEED - Paqe Three insured aqainst loss by fire an3 such other haz3rds as shall be re- c~uireci b,~ the :tortgagee i~ 3'1CY1 co:zpany or co^~pa:~i~:~ as the t~iortgaqee, i.ts successors and assigns may aobrove, for at least Full insurab le value, t•~hica policy or policies of ir.surance are to '~e issuecl an3 ~~aintaineci in tha naae of tha owner of tha fse si~ple titla to said nrooerty, and szall contain or have attachec3 t.'~ereto as a part tnereof a:nortgagee clause satisFactory to said ?iortgaqee, and providinq for tne pay:nent of any loss payabla UIliI81^ any of ~aid policies to and in favor of said '•lortgagee, suc:~ policy or policies to be held by said :•lort_qagee, its successors or assigns, and in t.he event any swn of money bacoMes payable under such nolicy or policies, tha :~iortgagee, its successors and assigns, shall have the option to receive and apply the same on account of the indeb - tedness her~ny secured, or to use t.~e sar.ie in repairing or re- placi:~q said pretaises to t`~a con3itio~ zhareot at t`~a t;nia of the execution of ~his r..ortgage, or to ner::?it t-~e '~toxtgagor to receive and use tiie said r,.oney or any part thereof for ot,~er vurposas with- out therei~y waiving or ir.~pairing any eauity, lien or right under and by vir~ue of t'~is :~ortgage. 11I+tD in case of the refusal or neglect of the said ~iortgagor, her heirs, lagal represantativss or assi3ns to thus :.e~air or re- place said ar~iszs, or ~o keep sai3 preMises insured as aforesaid, or to pay taxes, assess:aent3, or c.`~arges or t~ satisfy and discharge t.he liens, judg:.ients or decrees above nentione3, thsn said ~lortgagee, its successors and assigns raay, at its option, .:1akQ such repairs, procure such insurance, or nay suc:~ taxes, assessments, or charges or oay and discha=ge s~:ch liens ,~iud~eats or decrees , and it sha31 not be ob ligatory ~or said ?-Iortyagez, its succ~ssors or assigns, to inqiirQ into t`~e va2ic~i~y of tax assess~ents, tax deeds or special assess:lents or o~ sa2~s ur.c:ar suc:~ ta : o_ special assessment or to ot~er.ai~e in4Lire i~~o t.:e vali3i ~f of Ii~r~s or ~:echa:iics or r^..ateria~-nen, or into .t*~e :.ecess :ty or se:ch rnaazrs , in advanc; ;~g _~onev in that be :a? f as a~ovA-menti~r.ed, ~ut noti~ing `.:erein contained snall ba construed as rPquzring t:e said `:ortgagee, its succe~sors ~ or assiqns to advance or z:cpend r.^.onev €or t3:CZ3 or spacial assessments : or far other purposes aforesaid. ~~11 r~oney t.'~us paid shall draw = interest at t:ze rate of eight (8) per cen~ per annu.^~, togeti~er witn ~ all reasonable attorney's fees, costg, charqes, a'r~stract fees and ex- ~ ~nses for foreclosure or ot.:~er oroc~edings, azd shall be repaxd to ~ tne tiortgagee, or its successors or assigns, on de:~and; and snall be- ~ come so ^~ucn additional indebtedness secured by tinis :lortgage, to be ~ paid out of the proceeds of the sa1 ~ of th~ :iortgaged pre.aises afore- said, if t:.'tiy :zortgage ~:iou2ci ~e io~~ci~sed, and if not other~ise ~ paid by the said '~!ortgagor, or her h~irs, lzgal representativYs or assigns. ~ ~~:tU th~ said ~tor~gaqor, for herselF and her heirs, lsgal re- ~ ~resent~t3ves and assigns, severally a^d joi:~tly, =urtner cov~r.ants ~ a~d agr~es to pa~ all ta::es, asses~:~en~s a~c' c:~a~~es tZat may ;.~s ~ assesse3 uoon sai3 prei:tises as describe3 ~bove , or unon this ::^.ortgags ~ or t.~e ir.dei~tedness secured herao€, :ai*.~ou~ rn~ar3 to any Za•~r ~ereto- 3r - fore eaactzd, or :~ereaf~er co be ei~ac~~c~, i~~sizg nay^ient o: t'~e whole o~ any part th~reoF upon the ~!ortqaase, i*_s s~~ccessors or as- aigns. U~on vi~3ation of t113 unc?~rsta^ding or u~on t;ze enact:ient - by tha State of ?lorida oF any ? a~~r ~:~pos~ , g ~ayTent of t'~e ~rha? a or any portion of any of ~Y:~ ta:;es , assessr~ents ar chlrqes aforesaid u~on ~he ::o~t,~,ee, its sLCC~ssor, or assigns, or u~an the rendition . Ay ~ny Court cf co:s~tent ;uris~ictioa of a c3zci3ion to tne e~fect s~ thaL the undertaxing by the said ~•'.or_tgagor, as herein ~rovided, to ~ ~ pay all taxes, a33e33riien~3 or c~:arg~s is 1•~galll inoper3tive or can- r.ot bz enforc~d, tnen and in eit`~er o` ~uch ~vsnt~ t:za indebtedness ~ ~4 n - BCOI! PAGt ° R 221 443 _3 . . X" ~ . . . . . . ~ . . _ . . . .