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HomeMy WebLinkAbout2337 ~ , ALSO TOGETHER WITH all buildings and improvente;tta Iltetet7rt sttuata. may hereafter he erected or placed thereon and alt and singular the tenements, heroditaments, appurtenances and easenten nto bebnging ur in anywise appertaining, and the rents, issues and profits thereof, and together with all heating, ventilating conditioning eyuiprnent, all plwnbing appara- ttts, Bxtures, ltot water heaters, water and sprinkler systems and pumps, t0 lighting futures and all screcrts, awnings, venetian blinds, bush-in equipment, and bush-in furniture (whether or Hat alSxed to land or building) now a hcvaafter located in or on said prem- ises, including all renewals, replacement: and additions thereto. TO RAVE AND TO HOLD the about granted and described premises unto the said Mortgagee, its successors or assigns, , forever. And the said Mortgagor hereby covenants with the Mortgagee that the said Mortgagor is indefeasibly seized of said land is fee simple; that the said Mortgagor has full power and lawful right to convey the came in fee ~impk as aforesaid; that it shall be , lawful for the Mortgagee at all times peaceably and quietly to enter upon, hold, oati•upy amd enjoy said land and every part thereof; that the land is free from all encumbrances, except as aforesaid; t}utt said Mortgagor will make cur further assurances to prove the fee simple title to said land in said Mortgagee as may be reawnahly rc~ciuirad, and that said M gagor does hereby fully war- rant the title to said land and every part thereof and will defend the samte against the law•fu! clal of all persons wlwnlsue;ver. PROVIDED ALWAYS, and these presents arc on this exprrsc condition, that if said Mortgagor shall v.•el} and truly pay said indebtedness unto the said Mortgagee, and any renewals or extensions thcraof, and the intcreat thereon, together with all coats, charges and expenses, including a reasonable attorney s fee, which the said Mortgagee may incur or be put to in collecting the same by foreclosure, or otherwise, and shall perform and comply with all other ta~nns, conditions and eoveaants contained in said promis- sory note and this mortgage, then these presents and the estate hereby granted shall ceaic, dctermizie and be null and void. And the said 1?fortgagor hereby jointly and severally covenants and agrees to and with the said Mortgagee as folknvs: 1. To pay all and singular the principal and interest and the vanuus :md sundry sums of money payable by virtue of said promissory note and this mortgage, each and every, promptly on the days ra~spectively the same severally bctivme due. 2 To pay all amd singular the taxes, assessments, levies, liabilities, ob!rgahons and encumbrances of every nature and kind now on said described property, and/or that hereafter Hwy be impux-d, .utfa•rccl, placa.•cl, levied or assessed thereupon, and/or that hereafter tnay be levied or assessed upon this mortgage and/or the inilr•bteclness secured hereby, each and every, before they beti mute delinquent, and in so faz as any thereof is of reeved the same steal! br pruntptl>• sltisfied and discharged of record and the original official document (such as, for instance, the tax receipt or the satis[actiom paper officially endorsed or certified) shall be placed in the hands of said Mortgagees within ten days nest aker pa>•ment. 3. To keep the buildings now or hereafter situate on said land and all personal property used in the operation thereof con- tinuously inswed against loss by fire and such other hazards as may from time to time be requested by tifortgagee, in companies and in amounts in each company as may be approved by and acceptable to Aortgagee; and all insurance policies shall contain the usual standard mortgagee clause making the bss under said policies payable, without contribution, to said Alortgagee as its interest may appear, and each and every such policy shag be promptly delivered to and held by said Mortgagee; and, not less than ten (10) days in advance of the expiration of each policy, to deliver to said Jortgagee a renewal thereof, together with a receipt for the premium of such renewal. Any insurance proceaxls, or any part thereof, may. ba: applied by Mortgagee, at its option, either to the ! indebtedness hereby secured or to the restoration or repair of the property damaged. f 4. To keep said land and the buildings and improvements now or hereafter situate thereon in good order and repair, and to permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. { ~ 5. To comply, as far as they affect the mortgaged property, wtith all statutes, laws, ordinances, deczees and order of the United States, the State of Florida and of an y political subdivision thereof. 8. In case Mortgagor shall fail to promptly discharge any obligation or covenant as provided herein, the Mortgagee shall have r ~ the option, but rto obligation, to perform on behalf of the Jfort a or any act m be rformed b Nort a or in dischar n such obli- g" g Pe Y• B g gi g t gation or covenant, and any amount which Mortgagee may expend in performing such act, or in connection therewith, with interest i thereon at the rate of ten (10) per cent per annum and together with all expenses, including reasonable attorney's fees, incurred by Mortgagee shall be immediately payable by Mortgagor and shall be secwed by this mortgage; and Aortgagee shall be subro- i gated to any rights, equities and liens so discharged. a a ! 7. That if the principal or interest on the note herein described or any part of the indebtedness secured by this mortgage or interest thereon, be not paid when due, or if default be made in the full and prompt performance of any covenant or agreement herein contained, or if any proceeding be instituted to abate any nuisance on the mortgaged property, or if any proceeding be in- stituted which might resuh to the detriment of the use and enjoyment of the said property or upon the rendering by any rnurt of last resort of a decision that an undertaking by the Mortgagors as herein provided to pay any tax, assessment, levy, liability, obliga- tion or encumbrance is legally inoperative or cannot be enforced, or in the event of the passage of any law changing in any way or respect the laws now in force for the taxation of mortgages or debts secured thereby for any purpose, or the manner of collec- tion of any such tax, so as to affect this mortgage or the debt secwed hereby; or if the Mortgagor shag make an assignment for the benefit of creditors, or if a receiver be appointed for the !Mortgagor or any part of the mortgaged property, or if Mortgagor files a petition in bankruptcy, or is adjudicated a bankrupt or files any petition or institutes any proceedings under the National Bank- ruptcy Act, then on the happening of any one or more of these events, this conveyance shall become absolute and the whole indebted- " Hess secured hereby shall immaxliately become due and payable, at the option of the Mortgagee, and this mortgage may thereupon 7 _ s ~ - . _ u