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HomeMy WebLinkAbout1709 i ALSO 'LOCSTHBR Wl~'H~~,yuildis?gs acrd imps~overrteat3 tbeseoa situate ofa~lr td a placed therson and all and sra~rlar the teaaanents, heseditaascats, sppurtenaaoes and essesaeats thriean~~~N~~ise appnrtitaing. and tha seats, issues and profits thereof, asrd together with all beating, ves?tilating and air maditionina equipment: all phrsahiag appara- tus, fi:tuses, hot water heaters, water and sprinkler systems and pumps, all lighting fixtures and all screens. awrriaas, venetian blinds, bulb-ia equipareat, asd built-in furniture (whctlwr or sat a8'ured to hind a building) now or hereafter located to a as said prem- ises, indudin8 +rU renewals, rtplaceeneats and additions thereto. TO HAVE. AND TO HOLD the above granted and described premises unto the said Mortgagee' fir srrceessnss or assigns„ forever. And d~ said Mortgagor hereby covenants with ihr Matgagee-that thR said Mortgagor is indefeasibly seised of said larrd in fee simple: that the said Mortgagee hss full power and lawful right to convey the same in fee simple as aforesaid: that ff shall be r lawful for the tiosigagct at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land and evrxy put thereof: that the Kurd is frce from all encumbrances, except as afoxesaid: That said Mortgagor will snake such further aurrraa.~es to prova v the fee simple title to said hind in said Mortgagee as may be reasonably reyuv~d, and 4`rat maid 11lortgagor does hereby fully war- rant the title to said hu?d ord.every part thereof and vriU defend the same against tbt lawful claims of all persons whomsoever. - PROVIDED ALWAYS. and these prments are on this express condition, that if said Mortgagor shall well and truly pay said indebtedness u3to the said Mortgages, and any reae+vak or extcnswas thereof, and the intexest thereon, together with all costs, ' charges and expenses, inchrding a seasonable attorney's fee, which the said Mortgagee may incur or be put to in collecting the same by foredaaure, or otiretwise, and shall perform and comply witl? all other terms, conditions and covenants contained in said pr~rris- sory cote and this mortgage, then these preset and the estate hereby granted shall cease, determine and be null and void. And the said Mortgagor hereby jointly sad severally covenants and agrees to and with the said Mortgagee as fopows: 1. To pay all and singular the principal and interest and tht various and sundry sums of money payable by virive of said - promissory note and this mortgage, each and every, praaptly on tbe dos respectively the same severally beoovse due. 2 To pay all and singular the taxes, assessments, kwies, liabilities, obligations and encumbrances of-every nature and kind mw on said described Property, and/or that hereafter may be imposed, suffered, placed, kwi^d or assessed thereupon, and/ar that hereafter may be levied a assessed upon this mortgage and/or the indebtedness secured hereby, each and every, before they be- Dome delinquent, and in so far as any thereof is of record the same shall be promptly satisfied and discharged of remrd and the original official docurueat (such as, far instance, the tor: receipt ar the satisfaction paper officially endorsed ar certified) shall be placed in the hands of said .liurtgagees within tea days neat after payment. 3. To keep the buildings now ar hereafter situate on said land and all persona! property used in the operation ther~f con- tinuously insured against loss by Ere and such other hazards as rosy fran time to time be requested by Ilfostgagee, in companies and in amounts in each company as may be appsnveci by and acoeptabk to 1liartgagee; and all iruurarrce - policies shall contain the - usua) star:dard mortgagee clause making the kus under said policies payable, without contribution, to said Matt gaga as its interest may appear. and each and every such policy shall be pranptly delivered to and held by said Mortgagee: and, not leas than ten (10) days in advance of the rTpirat;on of each policy, to deliver to said Mortgagee a renewal thereof, together widb a receipt far the - premiuro of such renewal. Any insurance proceeds, or any part thereof. may br= applied by llfwtgage~ at its option, eithaz to the - indebtedness hereby secured or to the rtsta~atioo or repair of the property damaged. See Addendum attached heYeto for additional terms and conditions. 4. To keep said land and the lwikiings andvngrovtments now or hereafter situate thereon in good order and repair, and to _ permg, commit or suffer w waste, impairment or deterioration of said property. or terry part thereof. S. To comply. as faz as they affect the mortgaged property, with aD statutes, laws. ordinances, decrees and 'order of tbe United States, the State of Florida and of any political subdivision thereof. 8. In case Mortgagor shall fail to promptly discharge any obligation ar a~venant as provided herein, the Mortgagee shall have !ere option, but :ro obligation, to perform oa behalf of thr Mortgagor any act to be performed by Mortgagor in discharging such ohli- gatiaa or eovea nt: and any amount which Mortgagee may e:pead in performing such ad, or in connection therewith, with urtesest ~maxf~tt>m .rate al~.owable tut r F~jjart a jaw - thereon-at the a~etoge,~ier wr~ all-expenses, including rrasonahie attorney's foes, incurred by Mortgagee shall be unmediately payable by Mortgagor and shah be secured by this mortgage; and Mortgagee shall bP subt*?- gated to any rights, equities and liens so discharged. L- 7. Tl;ai i4 the principa: interest on the note herein described ar a~ part o% the indebtedness secured by this mortgage or ~ r,ot t n 10 ~a~g frem is dag ~date Paido'.~ or >f de~4iutt ire made m the hr!! and pranpt perfornrarrce of any covenant a agreement herein eontaine~d, a if any proceeding be instituted to abate any nuisance on the awRgaged Property, or if any proceeding be in- stituted which might resole to the detriment of the use and enjoyment of the said property or upon the rendering by any taut of - last res;,rt of a decision that an undertaking by the Mortgagors as herein provided to pay any tor:, assessment, levy, liability, obliga- tion a• ean:mbrance is legally inoperative or cannot be enforced, or in the event of the passage of any law changing in any way. a• respect the taws ~rorv in farce .for the taxation of mortgages a debts secured thereby far any purpose, or the rsnnrrer of mlkc- tion of any such tar, so as to affect Ibis mortgage ot• the debt secured hereby; or if the Mortgagor shall make ar. assignment far the bentSt of creditors, -our if a receiver be appointed for the Mortgagor or any part of the mortgsged property, a if Mortgagor files a petition in bankruptcy, ar is adjudicated a bankrupt a files any petition or institutes any prooeedmgs under the Natiatril Bank- - ruptcy Act, then on the happening of any one ar more of these events, this carveyaace shall become absolute and the whole: indebted- . mess starred hereby shall imrcrediately become duo and pay~abie, at tlrt option of the Mortgagee, and this mortgage may th-reopen