HomeMy WebLinkAbout2955 ADDITIONAL 'T'ERMS AND CONDITIONS
And the said mortpgors do hereby promise, covenant and agree to pay to the said mortgagee. the said sums of money and interest as mentioned io and
represented by said promissory note, or say extenaiom or renewals thereof, and secured to be paid as aforesaid, and also to carry out and perform each
and every other eoverrapt and agreement herein set forth, and do promise, covenant and agree to pay all taxes and assessments of every kind and character
levied or sssessad on salA property. sad every part thereof, before the same become detiaquent (and also upon this mortgage and the moneys secured here-
by to the extent hereinafter set forth), and not to permit the said properly or any part thereof, to be sold on account of non-payment of taxes or assess-
ments of say kind: and to promptly pay all insurance premiums that may become due upon insurance policies issued upon buildings or other improve-
ments on said premises dunng the continuance hereof; and to pay all costs, charges and expenses in collecting the moneys hereby secured or in enforcing
or protecting the righu and interests of the said mortgagee herein, or secured hereby, including reasonable attorneys' fees and commission, whether col-
lected by fareclowre or otherwise.
!t b-Wrlhst 4nvfnsated~nd agreed that, if default shall be made in the payment of said sums of money, or any put thereof, as specified in or represented
try said note of any sxtention or renewab thereof, or if the interest that may become due thereon, or any part thereof, shall be behind and unpaid for the
space t>I teA'ditys. or T default-shaU;be made in the payment of taxes or assessments of any kind or character, as hereinabove set forth, insurance pre-
miums, or aey'iums of money ti provided herein, or it there shall be a breach or violation of, or default in, any of the covenants or agreements herein con-
tained on the part of the motlgagors, then it shall b4 optional with the mortgagee to consider all the unpaid notes, or the principal sum hereby secured
and remaining unpaid, and accrued interest thereon, as rmmrdiately due and payable, and. said mortgagee shall have the right to institute proceedings to
enforce the coNectioe of all sutra due hereunder, or to forecl~ne the lien of this mortgage by reason of such breach or violation hereof, or default herein
by the mortgagors: PROVIDED, HOWEVER, that upon any such default and the acceleration of the remaining unpaid principal sum, only the amount of
actual cash initially advanced (ass payments made thereon and interest accrued and applied in the amount of the maximum interest rate permitted by
4 Flnrida Law to the date of the full paymen; of the same shall br recovenbk.
It is agreed tAat the said more6a6te,may pay any sums of money that should have been paid by the mortgagors, under the covenants herein contained,
and all such moneys so paid shall bear interest at the rate of ten per cent per annum from dale so paid, and shall br secured by the lien of this mortgage;
but no payment by the mortgagee of any sum of money as herein provided shall be deemed a waiver of its right to declare the principal sum due by reason
of the default, breach, or violation of the mortgagor, as herein specified.
Should foreclnsurc proceedings be instituted hereunder on account of any breach or riolalton of the covenants here contained, it is covenanted that the
mortgagee, shall have the right, without notice to the morlgagpts, to make app.Gcatioa for and to have a receiver appointed to take possestion of and man-
age and control the mortgaged property pending foreclosure proceedings, nr the purpose of renting, preserving, or protecting the same and applying the
net income therefrom to the preservation and protection of the mortgaged property and to the payment of the mortgage indebtedness in such manner as
the court may direct.
The'term "Mortgagors" hrrrin shall be construed to relate to the sin`ular whe~rvrr apprupriste and to include the words "heirs, legal representatives and
assigns" of the Mortgagor whenever and wherever the context so admits or requires; and the terms "Mortgagee" shall likewise be construed to include
the words "successor and assigns" whenever and wherever the rnntext so admits or requires.
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