Loading...
HomeMy WebLinkAbout0924 , ~ , ~ . 8. Mortqaqor aqrees that, if the United States ~ Government or any de~artment, aqency or bureau thereef or ~ the State of Florida or any of its subdivisions shall at any time require additional documentary stamps to be affixed to , the Mortqaqe or the Loan Aqreement, Mortqaqor will, upon ' request, pay for such stamp~ in the raquired amount and deliver them to Mortqaqee, a~nd Mortqaqor aqrees to indemnify . Mortqaqee against liability on account of such docwnentary ~ stamps, wh~~~~r ~uch ?iabi23ty arises b~fore or after ~ payment of the Liabilities and reqardless whether this Mortqage shall have been released. 9. Upon Mortqaqee's request therefor, Mortqagor ; will furnish to Mortqaqee a report, certified to be true-ar.d } correct by Mortgaqor, containinq a statement in detail of the cocnplete rental or sales status of the Premises; the name or names of all owners, contract purchasers, tenants, aubtenants and other occupatits of or owners of interests in the Pre~nises; the dates and tenas of•all land sales contracts, leases, subleases and other occupancy aqreements; the floor and reritable area in aquare feet and the location of each ~ tenant's, subtenant's and other occupant's space; and rentals or sales prices beinq paid. . • L0. In the event Mortgaqor fails to pay any real estate tax or required insurance premium related to the Pren~ises when due, Mortgagor aqrees to thereafter make monthly deposits in an interest-bearinq account, which account shall be pledqed to Mortqaqee, at a bank or similar financial institution acceptable to Mortgaqee, of an amount ; equal to the sum of 1/12th of the annual general real estate ~ taxes levied on the Premises and 1/12th of the annual premium ~ required to maintain insurance in force on the~Premises in accordance with the provisions of this Mortqaqe, the amount f of such taxes and premiwns, if unknown, to be estimated on ~ ~ the basis of the previous year's taxes o= premiums, if.any, ~ or by such person or cozporation as is acceptable to Mortqagee. { Mortqagor shall provide Mortqaqee with the oriqinal real eatate tax bill or insurance invoice not later than_ten (10~ ~ days before the payment is due and shall concurrently deposit " ` at a bank or similar financial institution acceptable to . ~ Mortgaqee an amount equal to the difference between the ~ ~ amount available in the aforesaid esc=ew account for such- ~ payment (givinq effect to other taxes or expenses which are ~ also to be paid from said accountj as shown on Mortqaqee's ~ records and the amount required to be paid. Provided that ; no default has occurred, funds in auch account (includinq e the supplemental deposita required by the precedinq sentencs~ E ahall be used by Mortqaqor to pay auch taxes and.premiums on ~ thei.r respective due dates. Erom and.after the occurrence ~ of a default under this Mortgaqe; Mortqaqor will pay such ` funds to Mortqaqee for application on the Liabilities then due and payabie. Mortqaqee, in its aole discretion, may waive from time to time the requirement that such deposits ' be made, and if Mortqagee shall at any time waive such requirement, Mortqagor shall furnish Mortqagee with copies , of paid ~ax zeceipts and insurance premiwa receipts not later than five (Sj days before the payment is due. . 11. Mortqaqor agrees faithfully to perform all of its obliqations under all present and future leases or ot~er agreements relative to the occupancy of the Premises at any time assiqned to Mortqaqee by separate instrument as addi- tional security, and to refrain from any action or inaction . ; 800K"t~.~ PAGE ~4 .,._r _ . . ~ ~ ,...a_ , _ - - _ . : - E . _ . _ _ _ _ . .