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AND the !?tortgaqor dors hereby covenant with tht Tfortgagee that he is i~de[eaiibly sei:ed o[ said land in [ee sim-
ple; that he has (ull power a~d law[ul right to convey said land in tec simple as aioresaid: that it shall bc lawtui tor the
ltortgagee at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land: that said la~~d is trec (mm
all incumbrances: that he will make such turther assura~ca to protect the tec simple title to said land in ti~e ~iortgagee
as may reasonably be required: that he does I~ereby tully warrant the title to said la~d and will drtend tl~e same agai~st
the law[ul daims o[ aA pe~sons whomsoever.
PROVIDEU ALWAYS, and these presents are on this express condition, that i[ the said t1lortgagor or his heirs. le-
gal represc~tatives ar assigns shall well and truly pay unto the 1ltortgagee, or iu legal represcntati~es, successon and assigns. ~
the sums ,ot money herein mentionect, a~ui the interest thereon as it shall become due, together with all cosu, charges and
expenses, includi~g abstract fecs and a reasonable attomey's tec, including attorncy's fees in appellate proceecfings, which
the Atortgagee may incur or be put to in collecting the sxme by toreclosure. or otherwise, said indebtedncss being gener-
ally described as iollows: ~ .
That certain note of even date herewith is the total amount of
$6,831.72 payable in 18 consecutive monthly installments of $379.54
each including interest. An?ount financed $6,039.43.
No prepayment penalty.
DOCUMENTARY STAMPS AFFIXED HERETO. '
AND _the Mortgag~or doa hereby jointly and severaUy. co~•enant and agtee:
l. To pay all and singular the principal and interest and other sums of money payable by ~~irtue o( said prom-
issory note and this mortgage, or either. prompdy on the days respecti~•ely, che same severally come due.
2. To pay all and singular the taxes, asseuments, levies, liabilities, obligations and incumbrances of e~~ery nature
on said ciescribed property each and every when due and payable accordinR to law, be(ore they become delinquent, and
j i[ thc same shall not be prompdy paid thc ~tortgaRce may at any time cither before or a(ter delinquency pay the same
i without waiving or aEtecting the option to foredose, or any right hereunder, and e~•ery payment so made shall bear in-
i terest trom the date thereot at the highest interest rate authorizecl by Florida law, pa}•able semi-annually.
3. 'To keep the buildings and all equipment and personal propetty now or herea[ter on said pmmises, co~•ered by
this mortgage, insured in a sum at least equal to the unpaid balance of this mortgaqe, including both (ire and extended
co~•erage insurance, pro~•ided, howe~er, that such insurance be in amount su[ticient to comply r~ith any co-insurance re-
~ quirements covering same under the laws oE the State oE Floricla, and provided [urther that the policy or policies shall be
written in a company or companies and through an agency satis[actory to the ~fortgagee and that said policy or policies
shall be held by che !1longagee and shall bear a sta~dard New York \tortgagee Clause without contribution, making the
loss under said policies payable to the ~iottgagee as its interest may appear; and in the e~ent any sum o[ money becomes
payable under any such policy or policies, the ~fortgagee shall have the option to recei~~e and applp the same on account
ot the indebtedness hereby secured, or to permit the ~iortgagor to recei~•e and use it, or any pan thereof, for other pur- ~
po6es without thereby waiving or impairing any equity, lien, or right under and by vinue ot this mongage; and in the
~ e~•ent the ~fortgagor dces noe comply with this co~•enant the ~iongagee may place and pay [or such insurance or any part
ehereof without waiving or at[ecting the option co foreclose, or any right hereunder and each and every pa}~ment so made
shall bear interest irom the date thereof at the highest interest rate authotized by Florida law, payable semi-annually.
~ 4. To permit, commit or su[fer no waste, impairment or deterioration of said propercy, or any part thereof, and
upon the failure of the ~tortRagor to keep the buildings on said propeny in good condition o[ repair, the ~iortgagee may
~ demand ehe immediate repair oE said buildings, or an incmase in the amount oE security, or the immeJiate repayment o[
the debt hereby secured and the failure ot the ~tortgagor to comply with said demand o[ the :ltongagee for a period o[
~ thirty (30) da}s, shall constitute a breach of this mortgage, and, at the option o[ the Mongagee, immediately mature the
~ entire amount of principal and interest hereby secured, and immediately and without notice, the ~fortgagee may institute
~ proceedings to foreclose this mortgage and apply [or the appointment oE .a Receiver, as hereinafter provided.
~ 5. 'I'o perEorm, comply with and abide by each and every stipulation, agreemenu, conditions and covenanu in
~ caid promissory note and deed set [orth.
~ 6. If any of the sums of money herein re[erred to be not promptly and fully paid within thirty (30) days next
atter the same severally become due and parable, or if each and every the stipulations, agreemenu, conditions, aruf cove-
nanu of said promissory note and this mortgage, or either, are not duly pertormed, complied with and abided by, the
If aggregate sum mentioned in said promissory note shall become due and payable Eorthwith or therea[ter at the option o[
; the ~tortqagee, as [upy and completely as if said aggregate sum ot money was originally stipulated to be paid on such •
~ da}. anything in said promissory note or herein to the contrary notwithstanding.
7. 'to deliver to said Atortgagee, on or be[ore ~farch 15th o( each year, tax receipu evidencing the payment of all
lawfully imposed taxes [or the preceding calendar year, to deliver to said 11lortgagee, receipts evidencing the payment of
ail liens (or public improvemenu within ninety (90) days aEter the same shall become due and payable and to pay or '
~ discharge within ninety (90) days a(ter due date, any and all governmental levies that may be made on the mortgaged ~
property, on this mortgage or note, or in any other way resulting (rom the Mortgage indebtedness secured by this mortgage;
and i[ this condition be not complied with and per[ormed, aai~d Aiortgagee may par such sum or sums which shall become
pan ot thc debt sccured by this mortgage, and lhall bear interest at the same rate as the mortgage note, payable semi- '
annually until paid or said ~Ionqagee may elect that said mortgage drbt thereupon become due and pay~~ jonhwith.
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