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HomeMy WebLinkAbout1158 . - - - ADIS1TlONAh TERMS AND.CONDI`I IONS ~ , end the said mongaaor do hereby promise;•eorenant gad agree to pay to the acid taortfasee, tpe acid ittalaof money and interest-a?mentioned in gad represented by said- promissory note. pt any a;tepaiotss a ratevrgtt-tbasaof, tied secnrsd to 6a {idid m afotesdd. and abo to carry out and perform each and every other coretiant and~a;reemeat Nereid set Z;ortJy and do pro>oke. " sawat and ytee to psy aLL taxes and assessments of every kind and character levied or assessed on said property, attll ps~rt lbtttreot baRiratlie wale~eeattte deYaglNnt (Had akt) rpon.lhit mortgage and the moneys secured hrrr- by to the extent (lentnafttar sat torth~ and wot ,;o permit the said property or any-part thereo7, to be sold on account of non-payment of taxes or assess- ments of goy klod'r'and lo.~Ottptly pay all igirfance prtmiums that may become due upon imurance policies issued upon buildings or other improve- ments on said pfemisea dutmg the cpatintiaac! hereof; and to pay sU coats, charges and espeines in collecting the moneys hereby alcoved or in enfordng or protecting the rights and interests of the said mortgagee herein, or secured Hereby, including reatxtnabk attorneys' fees and commissions, whether co{- lected by toredosrro or otherwise. it is further covenanted and agreed that, if default shall be made in the payment of said sums of money, or any part therecif, as spetifkd is or represented by said pole or.uiy extension of reoewtiM thereof, or if the interest tbst may become due theteoa, or any part thereof. shall be behind and rapsid for the space of tea days, or if defaalt shall be made is the psyaieat of lases or atatasmants of flay kind or cltarat:ter, m hereinabove act forth, ipsurance pte- miutris, or tuty sums of money as provided herein, or if there shall be a breach or violaYan of, or default ia; say oG.tht: covenants or agreements herein con- tained on the part of the mortgagors, then !t shs:l be oQtiona! witA the mortgasee to consider all the ttapaid notes, or the cipl sera beteby secured and remaining unpaid, gad accrued iatetest thereon, ss immediately due and payable, and said mortgagee shall have the ri t to institute proceedings to enforce the collection of all sums due hereuader, or to foreclose the lien of this mart age by reason of such breach or violation hereof, or default herein by the mort~agon: PROVIDED, HOWEVER, that upon any such deftult and the ae~ation of the remsaning uapsid principal sum, only the amount of actual ash uutiaUy advanced leas payments made thereoa and interest accrued snd applied in the satount of the maximum mterest rate permitted by Florida Law to the date of the full payment of the same shall be recoverable. ' It is agreed that the said mortgagee,msy pay any sums of money that should hare' been paid by the mortpgor, under the covenants herein contained, and all sucH moneys so paid shall bear interest at the rate of tea patient ptu arutym from !late so p}id~aad aHaU be secured by the Tien of this mortgage: nut na ppaayment by the mortgagee of y sum of money as herctn proritied shall be deemed a wstrer of its right to declare the principal sum due by ecaaoa .sf taw def~rlt. brgell, K violitipa of the ~ott~/igotti, as hereis specitiEd. _ _ Should toreeloarre procsediags be isutittuad btrernder on ateotitlt of. any bitac6 or violation of the rnrenanta here contained, it as covenanted tMt the mortgagee, shall have the right, without noon to the mortgagor, to make application for and to Hare a receives appointed to take possession of and man- age and Control the mottigased property pending foreciosurc, proceedbngt, far for purpose drentm~, preaeavittg, or protecting the same gad applying the net income therefrom to the prcaenatwn and protection o[ t6he mortgaged property gad to the payment of the atortgage indebtedness in such manner u the court mays direct. i.:.' t . the term °Mortpgor° herein shall be rnastrued to rclsle to t!+c sin`utu wherever sppr~p~ate told to ancirde the tsrords ••Atir, legal representatives and assigns'' of the Mortgagor whenever and wHerever the context so admits or requires: and the terms ''Mortgagee" shall likewise be tomtrucd to include the words ''successor and assigns" whenever and wherever the context so admits or requires. - _ ~ - - . _ _ _i4-.. _ d 0. 5 0 ; c~.~x~:=~~ U . t Oil 9iiu2 gr~biale esly . .b~.8 Zyni,1 A~8 Allt9 C'" a~~K r~sf~i~