HomeMy WebLinkAbout1674 as fully and to the same extent as t}~ough a part of the original indebtedness
evidenced by said note and secured by this Mortgage.
18. That the abstract or abstracts of title covering the Mortgaged Property
shall at all times. during the life of this Mortgage, remain in the possession
of the Mortgagee and in the event of the foreclosure of this Mortgage or other
transfer of title to the Mortgaged Property in extinguishment of the indebtedness
secured hereby, all right. title and interest of the Mortgagor in and to any -
such abstracts of title shall pass to the purchaser or grantee.
19. To pay all and singular the costs, charges and expenses, including
attorney's fees and abstract costs, reasonably incurred or paid at any time
by the Mortgagee because of the failure of the Mortgagor to perform. comply
with. and abide by each and every the stipulations, agreements, conditions,
and covenants of said promissory note and of this Mortgage, or either.
20. That in order to accelerate the maturity of the indebtedness hereby
secured because of the failure of the Mortgagor to pay any tax assessment,
liability, obligation or encumbrance upon said property as herein provided.
it shall not be necessary nor requisite that the Mortgagee shall first pay
the same. -
21. That any failure by Mortgagee to insist upon the strict performance
by Mortgagor of any of the terms and provisions hereof shall not be deemed
to be a waiver of any of the terms and provisions hereof, and Mortgagee.
notwithstanding any such failure, shall have the right thereafter to insist
upon the strict performance by Mortgagor of any and all of the terms and
provisions of this Mortgage to be performed by Mortgagor, that neither Mortgagor
nor any other person nov~~ or hereafter obligated for the payment of the whole
-
or any part of the sums now or hereafter secured by this Mortgage shall
be relieved of such obligation by reason of the failure of Mortgagee to comply
with any request of Mortgagor, or of any other person so obligated, to take
action to foreclose this Mortgage or otherwise enforce any of the provisions
of this Mortgage or of any obligations secured by this Mortgage. or by reason
of the release. regardless of consideration, of the whole or any part of the
.:security held for the indebtedness secured by this Mortgage, or by reason
of any agreement or stipulation between any subsequent owner or ov~•ners
of the Mortgaged Property and Mortgagee extending the time of payment -
or modifying the terms of the Note or this Mortgage. without first having
obtained the written consent of Mortgagor or such other person and, in the
last mentioned event, Mortgagor and all such other persons shall continue
liable to make such payments according to the terms of any such agreement
of extension or modification unless expressly released and discharged in -
writing by Mortgagee; that Mortgagee may release. regardless of consideration,
any part of the security held for the indebtedness secured by this Mortgage
without, as to the remainder of the security. in anywise, impairing or affecting
the lien of this Mortgage or the priority of such lien over any subordinate
lien, and that the Mortgagee may resort for the payment of the indebtedness
secured by this Mortgage to any other security therefor held by the Mortgagee
in such order and manner as Mortgagee may elect.
22. That if the Mortgagor shall fail, neglect or refuse for a period of
fifteen (15) days fully and promptly to pay the amounts required to be
paid by the note hereby secured or the interest therein specified or any ~
of the sums of money herein referred to or hereby secured. or otherwise t
duly, fully and promptly to perform. execute, comply with and abide by -
each. every or any of the covenants, conditions or stipulations of this I?iortgage
9CRKJ~~rAGE1674
LAYII Oi/1Ci~. M~tR, M?pi~, ROSS ~ ARKIN, IINANGIA6 P[D[RAL •UI~DINO. MI~M/ 0[ACN, FtARIDA 9~~3~