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TO HAVE AND TO HOLD the sbove desp~ibed pr~erty unto the Mortgagee forever.
The Mortgagor hercby covenants with the Mortgagee that the Mortgagor is indefeasibly seized with the absolute
and fee simple title to s~?id property, and has full power and lawful authority to sell, convey, transfer and mortgage the
same; that it shall be lawful at any time hereafter peaceably and quietly to enter upon, have, hold, and enjoy said pro-
perty, and every part thereof; that said property is feee and discharged from all liens, encumbrances, and claims of any
k'md, including taxes and assessments except as herein noted, and that the Aiortgagor hereby fully warrants unto the
Mortgagee the title to said property and will defend the same against the lawful claims and demands of all pe~~ns
whomsoever. _
PROVIDED AGWAYS, and these presents are on these express conditions, that whereas the Mortgagor is indebted
to the Mortgagee by virtue of a certain promissory Note, of even date herewith, made by the Mortgagor and payable
to the order of the Mortgagee in the principal sum of
FORTY THOUSAND and No/100 ($40, 000..00) ~Dara,
with mter~st thereon, all payable as provided in said Note, in lawful money of the United States of Amedca.
NOW, THEREFORE, if the Mortgagor shall fully pay said Not~ or any e:tensions or renewals thereof. and shall fully
pay all other indebteciness or liability that may become due and owing hereunder and secured hereby, and shal! faith-
fully and promptly comply with and perform each and every other covea~ant and pravision herein on the part of th~e
Mortgagor to be complied with and performed, then these presents shall be void and released at the expense of the Mort-
gagor, otherwise to remain in full force and effect.
AND the Mortgagor does hereby expressly covenant and ag+ee:
1. To pay the A'oce hereinbefone referred to. according to the tawr thueof. aad the intuast thereon promptly as the same shdl
become due.
4. Topa y al) t~es, assexsmrnts and public charges ain~dy kvied or auassed ar that may hereafter be lavied or acsessed upan or
aSaiast said land and premises or against any persooalprop~y herein oom~eyed, when due and pay-abk accordiug to law, befare they be-
come dclinquent, and before any interest or penalty shal atl tach; to deliver to the Mortgagce, on or before March lst of each year. tau
receipts evidmciag the payment of all such tues for the precedin cakndar year, and to deliver to the I?iortgagee roceipts evidenciag the
paymeat of all liens for public improvements within ninety (90) ~ys aher t}~e sune shaU became due and payable, and to pay and dis-
chuge within ninety ( 90 ) days after due date any and all governmeatal levies that may be made on the martgaged property.
3. To permit, eommit, or suffer no wute, impairtnmt or detaioration ~f said pro~ecty or any part thereof, and upon the hilure of
the Mat~ gagor to kcep the buiWings on said praperty in good conditioa of repair. the Mortgagce may demand the immediate repair of
said buildings. or an increase in th~ amount of security, or the immediate payment of the debt hereby secured, and the failuro of the Mort-
gagor to comply with said demand of the 11a~tgagee, for a ~eriad of thirty (30) days, shall constitute a breach of this matgage. and
at the optioo of the :ltortgagee, immediately mature the entire amount of principal and interest h~eby secured, and the Mortgagee immedi_
ately and without notice may institute proccedings to foreclose thic mortgage and apply for the appointment of a Receiver, at haeinafter
Provided.
4. To keep the buildin and aU equipmeat ar~d persona) property novv or hereafter oa said premises cavered by this mottgage in-
s~ued agaimt bsc by fire a windstarm or other easualty ~n a sum or sums sufficient to give full protection to the Moctgagee, but in no
event in a s~m less than the unpaid principal secured by this mort¢age. Provided, howe~•er, that surh insurance be ia amounts sufficient
to camply with any eo-insunnce ~cquirements covering same under the laws of the State d Fbrida, and pro~7ded furiher that the polic~
or policies shal) be vvritten in a rnmpany or companies and through an agency satisfactexy to the ~tortRagee, :u~d that said policy or policies
shall be held by the \tortgagee and sha11 bear a standard I`ew York Mortgagee Clanse witha~t rnnt~hution making the loss under uid
Policies payabk to the ~tortgagee as his interest may appear.
It is agrecd that in chsse the buildinlCs oo said real estate are destroyed or dama~ed by fire, windstorm, or by any other cuualty against
which inturance shall have bcen rer~uired by the Aiortgagee, then, the ~tortgagee shall ha~~e the riRht to apply the insurance proceeds in
paymeM of the debt securcd hercby, either in wholc or in pad, and whethcr thcn duc or not, or to rcY~uirc thc im{trrn•eKnentt to be repaired
or laced, either partly a entircly, by the use of said proceeds, the unpaid portion of the laan to remain in force. Any such procee~s
held~y the Mortgagee for repairs er reptacements shall be so heW witho~d payment or allowance of interest ~
I 5. 1n the erent the lien of this mortgage is accepted u a secondary or inferior lien, subordinate and subject to any prior mort a e
lien or other encumhrance, the ~fo~tgagor cm•ena~tt and aqrees to kecp all o( such prior mcxtea~c liens and other encumbnnces in googd
j standing and to pcrform, comply v?ith and abide by each and every the stipulationc, aqrecments, rnnditions and covenants contained in
i the agreements e~~dcmcinR such prior liens and will not permit such Frior liens or mortQaQes to bccmne in default and wtil) promptly pay
any iudebtednes.c secured by such prior liens and mortgaAes before d~e s~me becMne dclinyurnt, arxl in thc c~•ent the \~ortRagors shall fail
~ so to do, then such failure shall constitute a default in this martgage in thc same manner and to th~ sam~ cztent as if there were a defauh
~ in the temu and conditions of this mcxtgage, or the note secured hcreby_
~ B. Should the ~iortgaqor fail to make paymmt oE any taxes, assessments or public char~qes before they become delinquent, or before
i any interest ar penalty shall attach, or of any insurance premiums or other charRes payable b>• the \lnrtgaRor, or should the Nortgaqor Eai)
~ to make payment of any principal or interest secured by any mortgaQe or lien prior to thc lien of thic mortgage before the same hecomc
delinquent, then the ~~ortga¢ee may make payments oE the same, and also may redeem said preinices (rerm taac sale without any obli}tatiex~
to inquire into the validity of such taaes, asses.nnents and taa sales (the recripts of the prc~er ufficers bring mnclusi~•e e~~dence oE the
~ ~•alidity and amount thereof). In c~se of such pay~nents by the Aiortgagee, the Atortgagor aierers to rcimbarsc the \fortgagee on demand,
~ and ihe amounts so paid, with interest thereon at the rate of ten per cent per annum shall be addcd to and Fxcome part of the debt se-
~ cured by these presents without waiver of any right arisinR [rom breadi of am of the covenants, and for such payments, with interest ac
aforesaid, the premises hereinbefore described, u well u the Mortqagor, shall F~e ba~nd to the came Pztent that thry azr }xH~nd fcx the pay-
~ ment of the note herein described.
~ That any sums which shaU not be paid when due, whether principal, interest, w money awinR for ad~ancements by the hc~Wer
~ pursuant to the teTms of this Mortgage, shall bear interest at the rate of ten per cent per annum.
8. That in the event that said Note is placed in the hands of an attorney for rnllertion, or in case th~ ~tortQaQee shal) }xcome a
~ party either u plainti(f or as deEendant in any suit or {egal proceeding in relation to the pmperty described or thc lien created herein, ~
~ or for the recovery or n~a~;o~, of said indebtedness, the Mortgagor wil) repay on demand all cmtc and e.~nences arisinR therefrom, in-
cluding reasonable attorney's fec, with interest thereon at the rate of ten per cent per annum until paid, all of which sums, if nnpaid.
~ shall bc added to and become a part of the debt secured by these presentc.
~
9. That the I?latgagee, witha~t notice, may agree with any party obliQated on said indebtedness, er ha~~nq an interest in the securitv
z described herein, to renew or extend the time for payment oE any part or all of the indebtedness sm~red hereby, withad in any way af-
~ fecting either the lien hereof or the liability of any other party.
~ 10. That if defauh be made in the
~ payment of any instaWnent of said 1'ote, whether of principal or interst, or in the pe ~m ann
~ of any of the cm•enants contained in this \iortgage, and any one or more of such deEaults shall ha~e conNnued for a period of
days or more, or upon the happeninq of any ather event which accordinR to the terms of this Mortqage or said Note shall entitle the halder
s to accelerate the due date of said \'ote, then the whok unpaid principal sum in c.aid Note agreed to be paid, with interest accn~ed there-
on, shall at an time after the ?
K Y expiration of such period, or at anv time after the happeninq of such e~•ent teferred to, at the option of the
holder of said 1ote, becorne due and payable withwt notic~ or demand, anything herein or in said \ote to the ccmtrary notwithstanding,
r and no omission on the part of the holder to exercise such option when entitled so to do shall be constn~cd as a wai~~er of such right. ?
~ 11. As additiona) and collateral security for the payment of said 1Vote, the ~fort¢agor assiAns to the ~1ortRaRee all the rents, issues.
a profits, and income of the rea) ectatc and personal proptrty above described from the date of this instn~ment unti) the debt hereby secured
~ shall be paid in full, with the right to recei~•e fhe same a~ apply them to said Note or ather indebtedness owing on account thcreoF after
- default in the conditions thereof.
~ 12. That the Uortga or will '
q pay all taxes, beFore the same become delinquent, which may be levied or assessed under any law of
the State of Florida, or any Federal Law, opon the ~fortgagee's interest in said real estate and improvements, and which may be levied
~ upon this ~tortgage or the debt securcd hereby or the holder thereof (but only to the extent that sach is not prohibited by law and onl~•
to the extent that such will not make this ban usurious but ezcluding any income tax, State or Federal, imposed on the ~lortgagee, and
~ wil) file the official reccipt ~howing such pa~~r?ent with the 1fortRagee. If, at any time, any law or court decn+e prohibits the payment by
; the Atortgagor of any tax, other than income tax, le~~ed upcm the Nortgagee
s interest in the mortgaged real estate and improvements, or
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5 g3~.3~ ~ ~:1573 ~