HomeMy WebLinkAbout1063AND Che Mortgagor hereby further covenants and agrees to pay
promptZy when due the principal and interest and other sums of
money provided for in said note and this Mortgage. or either; to pay
all and singular the taxes, assessments, levies, liabilities, obli-
gations, and encumbrances of every nature on said property; to
permit, commit or suffer no waste~ impairment or deterioration of
said land or the improvements thereon at any time; to keep the
buildings now or hereafter on said land fully insured in a sum of
not less than the outstanding principal due in a company or com-
panies acceptable to the Mortgagee, the policy or policies to be
held by, and payable to, said Mortgagee, and in the event any sum
of money becomes payable by virtue of such insurance the Mortgagee
shall have the right to receive and apply the same to the indebted-
ness hereby secured, accounting to the Mortgagor for any surplus;
to pay all costs, charges, and expenses~ including lawyer's fees
and title searches, reasonably incurred or paid by the ~ortgagee
because of the failure of the t4ortgagor to promptly and fully comply
with the agreements, stipulations, conditions and covenants of said
note and this Mortgage, or either; to perform, comply with and abide
by each and every the agreements. stipulations, conditions and
covenants set forth in said note and this Mortgage or either. In
the event the Mortgagor fails to pay when due.any tax, assessment,
insurance premium or other sum of money payable by virtue of said
note and this Mortgage, or either, the Mortgagee ma_v pay the same,
without waiving or affecting the option to foreclose or any other
right hereunder, and all such payments shall bear interest from date
thereof at the highest lawful rate then allowed by the laws of the
State of Florida.
IF any sum of money herein referred to be not promptly paid
within 45 da~s next after the same becomes due, or if each and-everv
the agreements, stipulations, conditions and covenants of said note
and this Mortgage, or either, are not fully performed, complied with
and abided.by, then the entire sum mentioned in said note, and this
idortgage, or the entire bal^nce unpaid thereon, shall forthwith or
thereafter, at the option of the Mortgagee, become and be due and
payable, anything.in said note or herein to the contrary notwith-
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or options '~erein provided shall not constitute a waiver of any rights
or options under said note or this '~ort~a~;e accrued or thereafter accruing.
IN WITNESS WHEREOF~ the said Mortgagor has hereunto signed and
sealed these presents the day and year first above written, and the
corporate *4ortgagor has caused these presents to be executed in its
name, and its corporate seal to be hereunto affixed, by its proper
officers thereunto duly authorized, the day and year first above
written.
Signed, sealed and delivered
in th presenc of:
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