HomeMy WebLinkAbout1042 8. That in the event the title to the mortgaged premises, or any part thereof, becomes
vested in a person or persons other than the Mortgagor, the Mortgagee may, without
notice to the Mortgagor, deal with such successor or s~cessors in interest with reference
to this Mortgage and the debt hereby secured is the same manner as with the Mortgagor,
without in any way vitiating or discharging the Mortgagor's liability hereunder. No sale
of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and
no extension by the Mortggages of the time for the payment of the debt hereby secured,
shall operate to release, discharge, modify, change or affect the original liability of the
Mortgagor herein, either in whole or in part.
• 9. That if any of the monies herein referred to are not paid within thirty
( 30) days next after the same severally become due and payable, or ii each and every .
the stipulations, agreements, conditions, and covenants of said Promissory Note and this
Mortgage, or either, are not duly performed, complied with and abided by, all sums
remaining unpaid under said Promissory Note and this Mortgage shall become due and
payable forthwith, or thereafter, at the option of the Mortgagee, as fully and completely -
as if the aggregate sums of money were originally stipulated to be paid on .such day, _
anything in said Promissory Note or herein to the contrary notwithstanding, and there-
upon and thereafter, at the option of said Mortgagee, without notice or demand, suit at
law or in equity may be prosecuted.
10. The Mortgagee, at its option, and without waiving its right to accelerate the
indebtedness hereby secured and to foreclose the same, may pay and do any or all of
the obligations required by the terms hereof to be paid or done by the Mortgagor. All
sums so advanced or paid by the Mortgagee shall immediately become due and payable
and should be charged to the mortgage account .and become an integral part thereof,
subject in all respects to the terms, conditions, and covenants of the aforesaid Promis-
sory Note and this Mortgage as fully and to the same extent as though said sums were
a part of the original indebtedness evidenced by said Note and secured by this Mort-
gage, excepting, however, that said sum shall be repaid to the Mortgagee forthwith upon
its demand and shall be in addition to the regular monthly installments provided by
the Mortgage Note. All payments which may be made by the Mortgagee for taxes, insur-
ance, repairs or otherwise pursuant to the terms of this Mortgage shall bear interest
• from the date of payment at the rate of twelve ( 12
percent per annum, and this Mortgage shall secure the payment of all such sums.
11. That in the event the premises hereby mortgaged, or any part thereof, shall be
condemned and taken for public use under the power of eminent domain or otherwise, the
Mortgag!~ g}tgl_1 hgSrE+ the right to demand that all damages awarded for the taking of
or damages to said premises shall be paid to the Mortgagee to apply u?on the mortgage
indebtedness.
12. No enumeration of special rights or power by any provisions of this Mortgage
shall be construed to limit any grants of general rights or powers, or to take away or
limit any and all rights granted to or invested in the Mortgagee by virtue of the laws
of the State of Florida.
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13. In the event the Mortgagee advances any funds for documentary stamps or
intangible fazes and other recording foes which Mortgagor has agreed to indemnify it
against, this Mortgage shall secure Mortgagee for the total thereof together with interest
• thereon at twelve ( 12 qb) percent per annum,
and said indebtedness need not be evidenced by Note or Notes.
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• 14. The Mortgagor recognizes and acknowledges that this is a second- 3
MORTGAGE LIEN upon the property described herein. The terms "Mortgagor" and '
"Mortgagee", whenever used in this instrument, shall include the legal representatives
and successors of the respective parties hereto and the assigns, it any, of the Mortgagee.
Wherever used the singular number shall include the plural and the plural the singular
and the use of any gender shall include all genders.
15. This Mortgage shall be construed according to the laws of the State of Florida.
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