HomeMy WebLinkAbout1117 2. To pay the indebtedness hereby ucured and interest thereor~ pcomptly on che days speclfied for the
same to become due and payable. and to pay~ on demand. any othu indebtedneu that may beoome due and
payable to the matgagee under tha terms and provisions oi thi: morcgage.
3. To keep ~he premisa in good repair; not to commit a suffu s[rtp or waste on the premi:es; to obu[n
the written oonsent of the matgagee before demolishing, temoving or materially alteriag any building. struc-
tute ot improvement noN a hueafter upon the premises or before allowing any such building, sauctiue a im-
provement to be demolished, removed a materially altered; to obtain the written consent of the matg~~
befae any timber now or hereafta upon the premises is turpentined or cut
aotEOt~ not to commit a wffa any act by which the value of the premises may be impaUed; not to
violate a pcrmic the violation of any laW. by-law. adinaace. conuact affeccing [he premises. or oovenant
or agreement of recacd against the premius. -
4. To pay before they become delinquent or penalty for nonpayment accrua, all uxes. assessmenu~
water rates and charges of er•ery nature that may now or hereafter be imposed. levied. a assessed upon or
against the premises or any part thereof or upon the rents. issuu. inoome or profiu thereof. whethu any or
all of said caxes, auessmenu or charges be levied directly or indirectly or as excise taxa or as income taxes.
5. To keep the buildings. improvemenu. timber and aii apparaius and iixiures now oc nucai~u upo~~ -
the ptemises insuted against loss a damage by fite and other hazards. as che matgagee may from time to
time require; that all such insurance shall be in fams. in companies and in sums satisfaetory to che matga-
gee; that all insurance policies shall be held by. shall be for the benefit of the first payable in case of loss
to the mortgagee; and thac at least fifteen days before the expiration of each such ~olicy. a new and suffici-
ent policy to take the place of the one so expiring shall be delivered to the matgagee. The martgaga hereby
a~3gns to the ^:crtg?.^8CZ 3:2 :^.oneys tecovtra~slc unda each t~lcti gsliey. ~nd agrees that in the evenc nf a
lou the amount collected or any portion thereof may. at the option of the macgagee~ be applied by the
morcgagee to fulfill any one or more of the obiigations ~ecured hereby in wch order as the mortgagee may
detumine or be used in replacing, repairing or rescoriag any partially a totally desvoyed property to a oon-
dition satisfac[ory to the matgagee a be released co the matgagor~ and any amount so released or used shall
not be deemed a payment on the indebtedneu secured hereby. The ma[gaga hereby appoinu the martgage.e
accorney irrevocable ot the mortgaga to auign each such policy in the event of che foreclosure of this matgage.
6. To pay all sums the failure to pay which may result in the acquisition of a lien priot to the lien of
this mortgage. before such a prla lten may attach.
7. That, upon failure co comply wich any of che tums, covenan~s or agreemenu contained herein. the
morcgagee, may make advances to pufocm the same on behalf of the morcgagor. and that all surtu so advanced _
with interest at the highest legal rate per annum shall be paid by the mortgagor~ shall be immediately_due and
payable and shall be ucured hereby, but the making of any such advances shall not be deemed to relieve ~e
, mortgagor from any default hueundu or impair any right or remedy consequenc thereon and the exucise of the
, rigi?c co make such advances shall be optionai with the morcgagee and the mor~gagee shall not in aay case be
I; llable to che mortgagor for failuie to exercise aay such right.
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~ • 8. Thst the morcgagee shall be subrogated for further security to the licn, although relea~ed of recad.
~ . of any and all encumbcanca psid out of the pcoceed~ of the loan secured by thU matgage.
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i t 9. That if aay action a: proceeding be commeaced. except an action to faeelou thU macgage or to
~ r~e'o11ect the indebtedneu haeby ucured. to which action or Proceeding the martgagee i~ made a pany byreason
~ ~ af the execution of this macgage a the note which it seaua, or in which the matgagee deems ic nece:sary to
defiend in order to uphold che lien of this mortgage or che prlaity thueof or possesiion of u!d premius. allsums
~ ~ p fEES iI1G O[t1C[ CX OfEf l/l tU~l 3CLjOII 8i 'sliili u~ '"iu ~
t ~ pai~ a iacurred by the matgagee tor counsel pe P a w
at by the matgagor togethec wich intaest thaeoa from date of payment by the mortgagee st the highat legal Zdte
~ ~ per aanum, and all such sums snd the interest thereon shall be immediately duc and payable and be seaued
~ ~ ~ haeby.
~ 10. That in the event of the passage of any law of the Sute of Florida char,ging in sny way the laws now
in force for the taxation of mortgages or debu ucured ~y matgaga ar the manna of the oollection thaeof,
~ rrhich msy advasely affect the rlghts and intuest of the matgagee. the morcgagee shall have the tight to give
~ thirty days ~rritten notice to the matgaga tequiring payment of the indebtedness haeby secured. and if such
a notice is given. said indebtedness shall immediately become due and payable at the expiradon of uid thirty
~ days.
~ 11. That in che event the mortgagee shall place the note hereby ucured in the hands of an attorney for
~ colleccion or shall proceed to foreclose this macgage, the morcgagor will pay such atcorney's fees as are
; authorized by law~ the cost of such tltle uarch as the mortgagee may requite and all court costs and expenses
~ paid or incurred in conneccion therewi[h, and that che same are secured hueby. -
~ 12. That any failuce co exercise any right hereunder shall noc constitute a be construed as a waiver of
< th t r' t at an fuc e tim ~ and the inval" of an rovisi of s mr~ ga e
; not ~ie . c~`ee~~pa~' or ~ec~ in an~ ~naru~r ~ie vaiidity o~ ar~y
rp av~sions
~ 13. 'T~at this mortgage creates a conttn~ing lien [o secure the full and final payment of the indebtedness
a hueby secured and all othu oblfgations impoxd hueby and hueaftet arising.
` 14. The "Zbgether with" clause on the first page hereof is hereby mociified
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~ t~ the extent that the m4rtgagor does hereby (Continued on attached schedule
~ which has been initialed by m~rtgagor and is by reference made a part hereof.)
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