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(Stnte of Florida documentary stamps in the aa,ount required by 1aW are affixed to
the original of the foregoing note and canceled pursurint to lav•}
And shall du~y, promptly and f~Zl,y perform, discharge, execute, effect,
complete and contply with and abide by each and every the stipulations, agreements,
conditions aad covenanta csf said pramissory note and of this mortgage, ttzen this
mortgage and the estate hereby created shall cease and be null and void.
And the Mortgagor covenants and agrees to and u~itt~ the Mortgagee as Pollo~rs:
1. He vill pe~y the principal and interest and tre various and sundry s~s
of money payable by virtue of said promissory note and this mortgage prompt~jr on the
days the same become due and he will prompt~}r perform and comply vith eacb and every
other covenaat and agreement in said promissory note and mortgage.
2. He ~ti11 pey the taxes, assessments, levles, liabilities, obligations
and inc~unbrances of every nature and kind nox on said described property, or that
hereafter may be imposed, suPfered, placed, Ievied or assessed thereon, or that here-
after may be l.~evied or assessed upon this mort~age or the indebtedness secured hereby,
when due and payable according to l.aW, before they become delinquent, and before at~t
interest attaches or aqy penalty is incurre@; and in so far as ar~y thereof is oY
record the.same shall be promptly satisfied and discharged of record and the original
official doctmoent evidencing such satisfaction and discharge shall be placed in the
hands of said Mortgagee Within ten days next after payment.
3. He vi.ll keep the improvements now existing or :~ereafter erected on
the IDortgaged property insured ag~inst loss by fire and otrer hazards, casualties
and contingencies in such amounts and for sucr per=ods as may be required by Mortgagee.
All insurance shall be carried in companies ~~proved by Mor~~agee and the policies
and renewals thereof shall be held by Mortg~gee and have attached thereto loss payable
clauses fn favor of and in form accepta.ble to the Mortga~ee. In event of loss he ~rill
give immediate notice by mail to Mortgagee, and taort~a~ee may make proof of loss if
not made promptly by Mortgagpr, and each insurar.ce cc~:oanv eoncerned is hereby autborized
and directed to make payment for such loss direc~ly to Mortgagee instead of to Mortgagor ~
and Mortgagee 3ointly, and the insurance proceeds, c~r ar~~ part thereof,may be applied
by Mortgagee at its option either to the reducticn c.?' ~he ~ndebtedness hereby secured
or to the restoration or repair of the proper~y ~~~eu. In event of foreclosure of
this_ m4rtgage or other transfer of title to ~i,e ~t a;-e:? tiroperty in extinftuishment
oP the indebtedness secured hereby, all right, ti~le and interest of the Mortgagor
in and to a~y insurance policies then in force shall pass to the purchaser or grantee.
4. He vill permit, eoimnit, or suffe~ no ~.^as ~e, impairment or det.erioration
of said property or any part thereof and uill keep all buildings and improvements
nov or hereafter on said property in good repair and xill. make a.ny repairs which
Mortgagee in his discretion sha.71 deem necessaYy ~or the proper preservation of said
buildings and improvements.
. 5• He xill'paY all and singular the costs, charges and expenses, inclwding
reasonable attorney's fees, cost of abstracts of t~tZe and ti~le searches incurred
or paid at a~y time by the Mortgagee because of the £aili:re on the part of the Mortgagor ~
promptly and ftt17y to perform the agreements and covena.nts of said note aad this
mortgage, and said costs, charges and expenses shall be ~diate~,y due and payabl,e ~
and shall be secured by the lien of this mortgage, and such expenditures shall draW
interest at the rate of eight per cent~un per ann~.mm.
6. T'hat (a) in the event of ar~y breach o~' tr.is mortga.ge or default on
the pe~rt of the Mortgagor, or (b) in the event any of said sums of money herein
referred to be not promptly and flitly paid Without demand or notice, or (c) in the
event the stipulations, a~eements, conditians and covenauts of said note and this
m~rtgage are not dt~ty, promptly and ful],y perfoz-a~ed, then in either or any such '
event, the saia aggregate swn mentioned in said no~e then remaining unpaid, ~rith
interest accrued to that time, a.nd all raoneys secured hereby, shall become due and
payable forthsrith, or thereafter, at the option of sai3 Mortgagee, as fully and
completely as iP all of the said s~s of money xere orig~nally stipu~lated to be paid
on suah day, aRything in said note or in this mortgage to the contrary notWi.thstandiag;
and thereupon or thereafter, at the option of said Mortgagee, ~rithout notice or
demand, suit at ].,a~ or in equity, may be prosecuted as if aLl moneys secured hereby
had matured prior to its institution.
7• The Mortgagee me4Yi at any ti~me Whiie a suit is pen@ing to foreclose
or to rePorm this mortgage, or to enforce any cZaims arising hereunder, apply to
the court having ~urisdiction thereof for the appointment of a receiver, and such
court shall Porthwith appoint a receiver of the premises snd all other property
covered hereby, including all and singular the income, profits, rents, isswes and
S~~ Fo~ M-~ ~.~~.~~.~79
(9-12-60) _ 3 _ 6G~X