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HomeMy WebLinkAbout0735 i ~ r . i f ~ 2. To pay the indebtedrtess hereby secured and interest thereor. promptly on the days specif[ed for the ~ same to become due,and payable~ and to pay. on ~emand. any otha indebcedness that may become due and ~ paysble to the m~cgagee undu the terms and provisions of chis mortgage. ~ ~ 3. To keep the premises in good repair; not to com~nit or suffer suip or waste on the premisex toobtain ~ the written consent of the ma[gagee before demolishing, removing or rnatetially altering any building. suuc- > ture or improvement now or heceafcer upon the premises or before allowing any such building~ saucture a im- provement to be demolished, removed or macerially altered; to obtain the wtitten consent of the mortgagte befae any timber now or heteafta upon the premises is turpentined or cut ~t]~lGxacoC~oXb~7dRdtot~DD~ ~ ieeco~x~cx~cpc4me~teoic~ran~ex~ ~a~ ~aant~ aKmu ~s~x~a~cta~c~~t~~x~.{c aD~ua~d~r~ ~ aDt~![~1Qtoo~noc to commit a suffer any act by which the value of che premises may be impalred; not to { violate a pe~mit the violation of any law. by-law. adinance, conuact affectin~ the premises, or covenant ~ a agreement of record against U~e premises. 4. To pay before they become delinquent or penalty for nonpayment accrues. all taxes. assessments. water races and charga of every ~ature thac may now or hereafter be imposed, levied. or assessed upon or 4 against che premises or any part thereof or upon the renu, issues, income or profiu thereof. whether any or ~ all of said taxes. auessments or charges be levied d'uectly or indi~ectly or as excise taxes or as incometaxes, j f 5. To keep the buildings. improvemenu. timber and all apparatus and fixtures now or haeafter upon the premises insured against loss a damage by fire and other hazards. as che mortgagee may from time to cime requue; that all such insurance shall be in fams~ in compa~ies and in sums sacisfactory to the mortga- 3 gee; thac all insurance policies shall be held by, shall be for the benefit of the first Payable in case of lou + to the moctgagee; and that at leasc fiftecn days before the expiration of each such policy. a r.ew and wffici- - ent policy to take tha place of the ane so expiring shail be delivered to the mottgagee. The macgagor hereby auigns to che mortgagee all moneys recoverable undet each such policy. and agrees that in the event of a loss the amount collected or any portion thereof may. at the option of the matgagee. be applied by the morcgagee to fuliill any one or more of the obligations secured hereby in wch order as the mortgagee may decermine or be used in replacing, repairing or rescoring any partially or totally de.~uoyed property to a con- dition satisfaccory to the mortgagee or be released to the mortgagor. and any amount so released or used shall , not be deemed a payment on the indebtedness secur$d hereby. The matgagor hereby appoinu the matgagee actaney irrevocable of the mortgagor to assign each such policy in the event,of the foreclosure of this macgage. 6. To Pay all sums the fatlure to pay r,hich may result in the acquisitiorj of.a,lit~t pHor to the liea of this mor~gage. before such a prior lien may attach. ' ~ ~ •j~ x ' ' ' That, upon failure [o camply wich any of the terms. coGe~arit3 br agreemenu contained herein, the mortgagee, may make advances to perforR: the same on behalf of the mortgagor. and that all sums so advanced ~ with interest at the highest legal race per annum shall be paid by [he morcgagor. shall be immediately due and ; payable and shall be secured hereby; but the making of any such advances shall not be deemed to relieve tl?e mortgagor from any defaulc hereander or impair any right or remedy cor.sequent thereon and the exercise of the right to make such advances shall be opcional wich che mortgagee and the morcgagee shall nat in any ease be liabie to che morcgagor for failure co exercise any such righc. , j 8. That the mottgagee shall be subrogated for fur~er security to the 2ien. alehough released of record~ of any and all encurabrance~ paid out of che proceeds of the loan secured by this mortgage. ~ 9. That if any action er proceeding be commenced, except an action to faeclou thb morcgege or to ¢ collect the U?debtedneas hereby ucuzed. to which action or gr~ceeding the matgagee is made a party byreasoa ~ of the execution of this matgage or the note which it secures. or in which the mactgagee deems it nece,ssaty to ~ defend in ordec to uphold the lien of this mortgage or the priority thereof or poueuion of said premfses, allwrru paid or iacurred by the matgagee for counsel fees and othec expenses in such action a proceeding shall be paid ~ by the martgagor together r: ith interest thereon from date of payment by th~ matgagee at the hignwt legal nate e per annum, and all such sums and the interest thueon shall be immediately due and payable and be secured ; hereby. ; 10. That in the event of the passage of any laW of the State of Florida changing in any way the laws now in force for the [axation of mortgages or debu secured by matgages or [he manner of the oollection thaeof. ~ which may advusely affec[ the righu and interest of the matgagee, the matgagee shall have che right togive thirty days written notice to the matgagor requiring payment of the indebtedness hereby secured, and if wch ; ~ notice is glven, said indebtedness shall imn:ediately become due and payable at the expiration of said thtrty ~ ~ days. ~ ~ 11. That in the event the mortgagee shall place the note hereby secured in the hands of an attorney for ~ collection or shall proceed to foreclose this rr.ortgage, the mortgagor will pay such attorney's fees as are authorized by law, the cost of such title search as the mortgagee :nay require and all court cosu and expenses 3; paid or incurced in connection therewith. and that the same ate secured heceby. ~ 22. That an failure to exerc• e a ri t her pd.~; shall no constitute or be,copstrued a a w iyer of ~ chac ri ht at any (uture timet anc~ t~iye ~nva~idity o~ any provision o~ t~iis mortgage ~ shalgl not r~e,deeme~,dp to impair or affect in any manner the validity of any ~ OtYI~' ~Q~~~Q~~Sge"C~~t~~~Continu:ng lien to secure the full and final payment of the indebtedneu hereby secured and all other obligations impcsed hereby and h~Faftec arising. ~ 14. The "Together with" clause on the first page hereof is ~ hereby modified to the extent that the mortgagor does hereby ; (Continued on attached schedule which has been initialed by mortgagor ~ ~ ~ and is by reference made a part hereof.) 80~~~47 ?35 ~ { - _ - _ _ ~ . ~ " ^9 ~f`:'n h~"' _ ~ E~~~''d ~~i"T~'~ .,i . ....s£~ ~~~3.