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Home My WebLink About0219 ~ • ~ PROVIDED AI.WAYS, that If Mort~agor shall pay Mortgaga the~sums specified in that certain promisso~y note ; substantially copied or identified below. to-wit: ~ i - - - ' No. S 3, 500. ~0 Delrav Beach , Ftori~ta, - Se~tember 19 ~ 192g_ ~ ~ O emand L ~ oJter date, /or value receivecl, , - ~ a?e ~~romis~ to ~~ay to the ord ~ T V if ~ . , TWENTY-TNREE T}IOUSAND FI UND - DUI.LARS, c Qi Delra Beach ~ ' , ; , Flurida uaJ~~~~hlfTxrr..~..oa.~?..+el.-•~--------- ,n~eil?;,iiM"t`-- -.n~/aMr-p.~+d-~+~e+~s~-w~.biesen~* Z~Allllfl~ Tht rnaktr ~nd endor~er o/ thi~ wote /unker ~ ~ni e mand. nwic '•parnewt tnd prote~t; and iw c~se wit al~fl bt bso~~gAt /os fht td/ettion Aerto/, or tl~e aune Au ~o be ~dlec demowd ~ ~uorner~ to p~r rtuon~6le atto~ney'a /tea /w ~ m~kin euc4 collection. De ~ri~Ti1TR~~fl~lt~tD~s1f?lNiv?~4'~ iR~llJSlq -------plrt~'~sr~~"peyobie'A~t- nen~T . ~ ~ (SPaI) Due On demand 19 ~s~ a . u er (SPQ`) ~ SEMINOLE FORM ~t0 RV4{a s Duthler ~ - F } - - , ~ j ; s -3 Y and shall also perform and comply with all the terms and conditions of this mortgage, the estate hereby created shaU ; cease and be null and void. 's . . ~ TERMS AND CONDITIONS: MORTGAGOR does hereby rnvenant and agree: 1. TAXES AND i ENCUMBRANCES To promptly pay the taxes and other governmental levies, judgments, liens, and other ~ encumbrances which now or hereafter appear to be a lien on said property (Mortgagee shall be the sole judge of the legality of such encumbrances and the amouht necessary to be paid in discharge thereof;) and to deliver to Mortgagee receipts for the payment of the preceding year's taxes (prior to March IS annually) and other governmental levies i (within ninety from due date.) " j 2. INSURANCE ~ ~ To keep the improvements and.personal property now existing or hereafter on said prem- ~ f ises insured against loss by fire, hazards included within the term "extended coverage" and such other hazards as the ~ Mongagee may require, including flood insurance. The insurance shall be in such amounts and for periods as the ~ Mottgagee may require; provided, that the amount of such coverage shall never be less than the amount required to ~ ~ pay the sum secured by this mortgage or to comply with any co-insurance clause contained in the insurance policy. The Y insurance carrier providing the insurance shall be ehosen by the Mortgagor subjoct to the approval of the Mortgagee. All insurance policies and renewals thercof shall be in a form acceptable to the Mortgagce and shall include a standard mortgage clause in favor of and in a form acceptable to the Mortgagee. In the event of a loss, the Mortgagor shall give - prompt notice to the insurance carrier and the Mortgagee, and the Mortgagee may make proof of loss if not made - ~ promptly by the Mortgagor. The Mortgaga shall have the option to receive and appty all insurance proceeds on ac- . count of the indebtedness hereby secured, or to permit the Mortgagor to apply such proceeds toward restoration of the ~ improvements, provideci that such ratoration or repair is economically feasible and the securiry of this mortgage~ : ~ would not be impaired. Unless the Mortgagee and the Mortgagor otherwise agree in writing, any such application of ~ proceeds to principal shall not extend or postpone the due date of the mortgage payments required under this note and i ~ mortgage or change the amount of such instailments. !f title to the property is acquired by the Mortgagee. aU right, ti- ~ tle and interest of the Mortgagor to any insurance policies and to the proceeds thereof (to the extent of the sum secured ~ ~ by this mortgage immediately prior to such sale or acquisition) resulting from damage to the propcrty prior to the sale ~ or acquisition shall pass to the Mortgage~. ~ 3. WASTE To kcep the mortgaged property in its present conditi~n. reasonable wear and tear ex- ~ cepted and to commit or permit no waste of the mortgaged property. ~ ~ 4. CONVEYANCES JUNIOR LIENS ~ AND ADDITIONS To permit no foreclosure or eaecution proceedings to be initiated on any junior lien and, ~ in any event, shall immediately notify Mortgagee in writing of any litigation affecting the mortgaged property. The ti- ~ tle to the mortgaged property shall not be transferred without the written consent of Mortgagee. tn any event. ~ however, Mortgagee may deal with successors in iqterest in the same manner as with Mortgagor and may forebear to - ~ sue, exte~d time for payment of the debts, or otherwise act without affecting the liability of the Mortgagor hereunder. # ~ To erect no new or additional structures and make no additions or alterations, as well as no demolition. dismanteling ~ ~ or removing any of the existing mortgaged property without the prior written consent of Mortgagee. ' ~ S. " LITIGATION ~ ~ EXPENSES To pay all the expenses, including reasonable attorney's fees resulting from Mortgagor's ~ ~ failure to promptly perform the terms and conditions of said promissory note and this mortgage or resulting from set- ; ~ •tling or rcmoving any cloud on the title of the mortgaged property purporting to be superior to the lien of this mort- : ~ gagror otherwise; expenses shall include attorney's~fees on appeal. ~ ~ ~ ('~Rr~~ =~L . F~ 9 ~ _ ~ ~y - ~..~~,~=~A;r,~~ ~ = ~ -