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Home My WebLink About1156 . ~ ~10RTGAGE DEED - Paqe Three insured against loas by f3re and such other hazards as shall be re- quireci bv the :iortqagee ia ssch co:~pany or co:~pani~s 39 the t•lortgagee, its successors and assig~s r.~ay approve, for at ieast full insurable value, ~~hich policy or policies of ir.surancQ are to '~e issuecl and iaaintained in tha na^ae of the owner of the fee si:nple title to said prooerty, and saall contain or have attached thereto as a part thereof a:~nortgagee clause sati9factory to said :~tortqagee, and providing for t:ne pay:nent of any loss payai~ls uiider any of said policies to and in favor of said ?~lortgaqee, suc:~ policy or policie~ to be held by said :iortga~ee, its successors or assigr~9, and in t3ie event any sum of money becor.ies payable under such nolicy - or policies, the '~iortgagee, its successors and assigns, shall have t3~e option to receive and apply the same on account of the indeb- teciness 'hereby secured, Qr ,to use the same in repairing or re- _ placiaq said prera~ses to the conditioa thareof at G'~~ t{mo of tha - execution of ~his r.:ortgage, or to ~er::iit tne 'dortgagor to receive and use the sa3d rsoney or any part thereoF far ot'~er purposas with- out there:oy waiving or ir.~pairing any equity, 2ien or right under and by virtue of t'~is :~ortgage. t 1~ND in case of the refusal or neglect of the said :~lortqagor, her heirs, legal represantatives or assigns to tiius repair or re- • place 3aid pr~is~s, or to keep sai3 prer.iises insured as aEoresaid, or to pay taxes, assess:aents, or c.`~arges or to satisfy and discharge ' the liens, judg~ents or decrees above r.?entione3, th~n said ~iortgagee, ~ its succes9ors and assigns r.iay, at its option, .:?aka such repairs, procure such insurance, or pay sucn taxes, assessments, ot charqe9 or ~ay 3nd discha~~qe such 3.iens ,~~:dq^~eats or decrees , and it ~~;iaZ2 not b~ obliqator~ ~or said :•Iort~agse, its successors or assigns, to z~q.s~rQ into t'~e validity of tax assess:.?ents, tax deeds or special as~ess::ients or oz sales anc3er suc:z ta : o: soecial assessment or to ot'~er~ise inqLire into t.:e vali3ity of liens or :,:echa:lics or r.~teriai..-~en, or into the necessity oi s~ch rnaairs, in advancing - .~ne~~ in that beha3f as abovA-mentioned, ~ut nothing he~ein contained - snall b~ construed as requiring t'r.~ said •`•iortqagee, its successors ~ or assigns to advance or z:cpend r.ioney •_`or td.Y23 or spzcial assessment9 or £or other purposes aforesaid. ~21 r.~oney t~us paid shall draw interest at the rate of ~ig:~t t8) ger cent per annu~.^~, togetner witn all reasonable attorney's fees, costs, charges, ai~stract fees and ex- penses for foreclosure or ot~'~er proceedings, and shall be revaid to tna 1•iortgaqee, or its successors or assigns, oa ds:~and; a*±~ snall be- come so ~uch additional indebtedness secured by tnis :nortgage, to be paid out of the procesds of the saZe of th~ :aortgaged preraises afore- saic~, if t'~i~ ortgage s;zoui3 be ~or:~losed, and if not other~ise paid by the said :aortgagor, or her c?airs, leg~?i representativ~s or assigns. 1~~1ll th~ said 1iortgagor, for hersel~ and her heirs, lsgal re- ~resentat3ves and assigns, severalll ar.d jointly, ~urtner aovenants ~ and agrees to pay all ta:ces, asses~:-~ents and c:~arges tzat may be ~ assasse3 uoon said prenises as clescribP3 abovA, or unon this ~:ortqage ! or t,~ie ir.de'nteziness secured herzaf , wi},..~out rng~rd to any law hereto- ~ fore eaacted, or hereafter to be eiiact~cl, i:~posizg pay:nent of t.'~e whole o: any part th~reof upon the ~lortqagse, its s~,zccessors ar as- signs_ Upon vioiation of tnis undQrstar.dinq or u~on the enact~ent by th~ S~ate o` ~ lorida oF any Ia~a ~;~posir.g nay-nent of t'te *~r:~o3e or any partion of a:~y of ~h~ ta:ces , assess~~ents or chlrges aforesaid upon ~he :~_ort~~cee, its successors or assigns, or u~on the rezdition by any Cburt cf co~apetent jurisdictioa of ~ dzcz3ion to the effect that the undertaking by the said '~^ortgagor, as herein ~rovided, ta ~ pay all taxes, assessments or charg~s is 1~gally z~noper~tive or can- r.ot bz en:orc~d, tnen and in eit,.`~er o` sucn ~vent~ tia indebtedness eo~x?~'~ ~1~.~ Boox221 P1~GE 40 3