HomeMy WebLinkAbout2391 PROVII3TD ALWAYS, And these presents are uport these expresa cond~tiprts, that, if the
said mortgagor , shaR pay the said niortgagee certain promissory note , of even
date herewith, signed by Mortgagor
and made payable to the order of the mortgagee at . P. O. Box 1230, Tampa, Florida 33601
in the amount of $2 ~530.00, payable in 17 installments of $1, 251. 66 and one final
installment of $1, 2S1. 78, such payment beginning on the Zo day of ~/~-sv.. ~-r~-i ,
19 74 .
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And untii the payment of said »ote , and each of them, or any e~ten.~ians or renewais thereof
in whole or in part, and any other i»debtedr~ess secured hereby, a»d the performance of aid cove-
nants and agreeme»ts herein, shaii promptiy pacy all taxes and assessments of every kind Ievied
or assessed on the said property (also upan th{.s mortgage and the moneys secured hereby to the
exter~t herei~after set forth), and shall not per»:it or suf
fer said prapertys or any part thereof,
to be~aold for non~ayment of taxes ar assessme:~ts, or the said taxes or assess»cents to become
delinquent; a»d shail -keep the buikiings a»d other improvements which are now or may here-
a f ter ba erected on the premises insured against all risk by f
ire in a sum »ot less than
Full insurable value Dollars, in a good and responsible insurance com.pany,
for the benefits of the mortgagee , said insurance company to be approved by and the pd~cies
or any renewats thereof #o be deposited with the said mortgagee ; and in the event of loss or
damage to the bu~dings or improvements on said q~remises, the proceeds of such ir~su~-ance shali
be appi3ed in reductiore of the debt, or in reatoring the premises or pro~errty, as the mortgagee
sha11 elect; and shall not commit, permit, or su~fer any strip or zoaste of said premises or prop-
erty, arui shali pay a1l the moneys and perform ali acts and carry out aA promises and agree-
ment,4 that are secured hereby, at the time and in the manner herein specified, then these pres-
ents shall be void.
And the said mortgagor does hereby promise, covenant and agree to- ~ay to the said
; mortgagee , the said sums of money and interests os mentioned in and represented by said
; Prom~ssory note , and each of them, or any extensions or renewals thereof, a~vi secured to be
E paid as a
f
oresaid, and aiso to carry out arui per
f
orm each and every other covenant and agree-
E ment herein set forth, and do promise, covenanf and agree to pa~ aii tc~zes arid assessments
! of every kind and character ievied or assessed o~a said property, and every part thereof, before
F the same become delinquent (and also upon this mortgage and the moner,/s secured hereby to the ex- `
~ tent hereinctfter set forth), and not to permit the saici ~roperty or any part thereof, to be sold on
account o
f non-paym~ent o
f taxes or assessments o
f any kind; a»d to grromptiy ~a~ a11 inskrance
~ premiums that may becon~ due upon insura»ce poli~ies ~i,isued u~on buildings or other imprave-
~ ments on said grrem~ises during the continuance hereof; and to pay ali costs, charges and ex-
~ ~enses in collecting the monezfs hereby secured or in enforcing or protecting the rights and inter-
~ ests of the said mortgagee herein, or secured hereby, incl•uding reasonabte attorney's fees and i
~ commissions, whether collected by f oreclosure or otherwise.
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~ And the mortgagor , covenant S and a gree S to pay aR taxes th.at may be levied or
~ assessed on this mortgage and the moneys secured hereby, PROVIDED that in no event shail
the amount paid on account of such taxes, together ioith the interest paid on the indebtedness
F~ secured by this mortgage, exceed the maximum interest rate ailowed by Zccw.
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i; It is further covenanted and ~aqreed that, if defauit shail be made in the payment of said ,
~ sums of money, or any Part thereof, as specified in or represented b~ said note , or either of ;
{ them, or any extension or renewals thereof, or if the interest th,at may become due thereon, or ~
~ any part thereof, shaR be behind and unpaid for the space of 3 n days, or if default ~
~ shaA be made in the payment of taxes or assessments of any kind or character, as hereinabove !
~ set f
orth, insurance premiums, or any sums o
f money as ~rovided herein, or i
f there shali be a
t breach or vioiation of, or default in, any of the covenants or agreements herein contained on the
~ ~art of the mortgagor , then it shali be optional with the mortgagee to consider a1i unpaid ~
~ note , or the principal sum hereby secured and remaining unpaid, and accrued interest thereon, ~
as immediatety due and pa,yable, and said mortgagee sha11 have the right to institute pro-
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= ceedings to enforce the collection of a1i sums due hereunder, or to foreciose the lien of th~is mort-
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gage by reasan of such breach or violation hereof, or defuuit herein by the mortgagor
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600K~t)5 PacE23
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