HomeMy WebLinkAbout1869 the holder hereof as liquidated damages for failure to
• - make prompt payment, and the same shall be secured by
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this mortgage. Said charge shall be payable in any event ~
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not later than the due date of the next subsequent instal--.
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lment.
- 21. The whole of the debt secured hereby shall o,
~ - iaunediately become due and payable at the option of the
Mortgagee, and thereupon the Mortgagee shah. have the .
right, among others, .to .foreclose this mortgage, upon -the
.happening of at~y one or more of the following:
(a) Failure of the Mortgagor to pay any instal- -
lment of principal or interest t~iithin 30 days after the due .
date thereof; -
- (b) Failure of the Mortgagor to .pay on demand
-the amount of arty costs of the Mortgagee, with interest
thereon, secured by this mortgage;
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~ (c) Failure of the Mortgagor to comply with or
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perform any other warranty or covenant herein or in the
1 - note or obligation secured hereby within the grace period, -
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if any, herein specified; -
- (a) Refusal by two or more fire insurance com;
parries lawfully doing business in the State of Florida and
issuing policies of .fire insurance on buildings in the
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. locality of said premises, upon application by the Mortgagee,
to issue such. policies on the buildings and improvements on
said premises; '
(e) Passage of at~y law deducting from the value
of land for the purposes of taxation any lien thereon or
changing in any way the-taxation of mortgages-or debts
secured thereby for federal, state or local purposes;
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(f) Commencement of any action or proceeding
to foreclose any lien upon said premises or arty part
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