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Home My WebLink About0143 ~ . . ; ~ , fi 4 ~ ! • • ' ~ ~ (gtate oi Floride documantary atAmpK ia the ~unacmt r~ectuired by Iaw ~ub attiued to th~ o ! ~ and c~axalled pursuant to lew,) ~'~~x1 at the faragNng note 4 i i + A1Sd 821811 dlll TO3Y1 ~ $1'3d illl~ ~ t Y P P Y Y Perlotm. diacharge. exeoute, eltect, oompleta an8 oomgly with and ablde bY t each and every tha e~(pulatfona„ agYeemenG, conditions t~nd covenenb o~ o~td pmaniseory note and of thla macigaga, then ; thle mortgage nad tha eatsie horeby crented ahall oaaee e?nd ba null and vo1d. And the Mortgag+or covenants and agtbes to and with the Mortgagee as ioilows: i . ~ . ; 1. He wi12 p~y the princlpal and lntereet and the va riow and sundry su~t~ of money payable by virtue af aeid # promissory note and thia mortgage promptly an the days the eame become due and he wW pmmptty pertorm and oaw- I p~y with each and every other covenant and agreement in eald promissory note end morigage. i i Z. Fie willp~y tho taxea, eseesmnente, l~viae, llahllltie~ obllgatlons aa~l incumbrances ot evary tssturo nnd ki~W ~ f: now on safd descrtbed prnperty~ or that hereafter may be imposed, eajifered, placed~ lsvted or aMeased thereon~ or tbat ' ~ herea~ter may ba 2evled or adsesaed upan thle mor t g s ge or the Luiebtedness secured hereb q, w h e a d u~ a a d p s y a b l e a o o o r d. ~ , in8 to law, Defore they become deWiquent, and beforaar~y intereet attaches or e~ny panalty is incurred; and in ao tar as ~ ~y thereot i~ a! reoord the eame ahaii ba Prornptty aatlafied arid ae~d of reaoM and tha orlglnal a~ttictal dociu~aent evidencing auch aattatactlon and dfacharge ehall be glaccd in the he~~ o~iald Mo wltIila ten daqs next atter pay- ~ met~k The covenanta and a,greementa !n t,h1s 1~ ahall nok be applicable to~taxee and aasessmente which are ~ m~pald out ot the iund$ depositc~d with t2~e os ee under the terma ed paragreph 4 ot theea Qovenants and agree- ~ ~ ~ a. Fie wiil keep the imgravemen~ts now e~ctating or henatter erect~3 on the mor ~ ~ loee b flre and ather hazarde caaualUra uW oo~tln g~~ Y genclei~ ia auch amouat~ and for ~weL peNods sa may be required bq - Mortgagee. All insurance e~ha~l be carrled tn companias approvecl by Mortgagee arui tha paticiee aad renew~ts tl~ereaf ahall be held by Mort~ee and h.ava attacbed thereto loaw payable clawea in tavor oi u~d ia iorm acceptable to the Mortgagee. In event of-ioas he wW g[ve immedlste noCloe by mail to Mortgagee, aad Mo ~sgee m~y make pr~oS ai loes ' ~ it not made promptly by biortgagor~ and each insurance wmpany concecnrd lu hr au~~h~zed und directed to raake ' payment for auch loas diracUy to Mortgsgee in~tead oi to Mortgagor 4nd Martgage~~oitttly~ and tbe 1ASUranr,e ~rooeeds~ i ~cure~d or~tottt?e restoraU~on~or ~plled by Mortgagae at ike option either tc? the t~eduotion oi the indebtedttew t?breby ae- * ' oi tlUa to the mor ~r ihe properiy damaged, In evant of iorea]oure d thfs martgsge ot other tranaler Mort PiOP°rty in exW~ulshment of the lndebtednes9 eecw~ed hereby~ all right, tltle and intereat oi the ~ gagor !n and to any insurance policiee then i~ force ahall pass to the purc~aser or grsntee. 4. In order more fully to protect the e~ecurtty of this mortgage. tba Mortgagor, together with a~sd in addiUoa to the monWY Payments wtder the tera~ ot the note aecured hereby, on the first day o! each manth and until aaid note is _ ~Y P~~, 8~1 P8Y ~ the Mortgagee an lnatalment ot ihe ta~ces and a~nents next to became due . 8~5~1 Premi~, and an inatalmPnt of premiurr?a next to become dus on inaurance polides re9utr~d by t~he M e mort- Sucb instalments ahal! be equsl reap~tively to euch taxea and assoasments and lnsuram~e pi+emittma, all as esUma~q = Lbe Mortgagee, less all Hum9 already paid thereon, dividai bq tha nwabor o! mantt~ tha~ are to th prlor to the date when such taxes and asaeasments and iiusurance premiunaa wW become due. Sa~d instalmeiita ehali be held by the Mortgagee in tnist to pay such texes and aaseasmenis and in.guranae pre:niums. All paymenta made under the . ` tern~s o! thls paragraph and under the note se.cured hereby ehall be aclded togeWer and the aggregate amauat thereoi ; ahall be pald by the Mortgagor in a aingle payment each month to be applied by the Martgagee in gaymant o! U~e it~ame anQ !n the erder follo~ving: (a) taxe~ and ass~essments, and ltis~~rance prPratuins; (b) intereat m the note eecurocl hereby; and (c) amorttzation o! t~e principN oP eaid note. Any defldency in ths amount of sucli aggregate mu~tlily payment ahall : twnstitute s defsuIt under thta martgage, YVhen fruch taxea, a~essnenta and iruqur~nce premiums fall due. it the araounte deps>eited by the Mortgsgor for such gurpose.y are not eutiicient to pay eaid taxas, assesmnr,Ats and inaurance premiunns, as the ca~e may be, then due, the Mortgagor will pay to the Mortga~ee such det[dency immediateiy. t'Vhen such taxea, assessnents and insarance premiuma fall due> if the amounts depctsited by the Mortgagor for such purposes exoeed the ;e amounta du~ for such taxes~ agsea~rsenta snd insuranoei pre~nltuns, the excess may~ Sn the dlncret[on o! the Mortgsgee, be =_i applled on ~subsequent monthly paymenta to be made by the Mortgagor. In the event of default emder thfe mortg~ge ~ _ any unexpended funds in the hand9 of the Mortgages depoeited by the Mortgagor to meet the obiigaUona o! taxee. a~sess- ment9 and insvrance premlume shall be applied by the Mortgagee upon the indebt,ectness hereby eecured. in tha folIowing order: (a) interest on advance9 made by the Mortgagee; (b) advancea made by Lhe Mortgagee; (c) interest on the prin- dPal~ and (d) the principal debt hereby aecured. When any such taxes, asseasmenk9 or insurance premiutns lall due the . ~ e Mortgagor will promptly obtaln-and deliver to the Mortgagee statemenks with respect thereto, Tke Mortgsgee may ool- ' . lect a"late chaxge" equal to 4g''o on any monthly instalment paid mo~ tha,a lb days aiter the due date thereoa. 6. He wUl permit, commlt. or suNer no waste, impairm~nt or deterioratfon ot said property or any parL thereot. In the event of the lailure of the Morigagor to keep the bulldings on Paic~ premise3 and those to be erected on said prem- iaes, or Imgrovements therean, in good repair, the Mortgagee may make such repaira as in his diecretian he may deem nec~sa:y for the proper preservation thereof, - 8. Ha wiil pay all and stngular the coata, charges and expenaes, includir?g reasonable atto~ney's fees, cost o! sb. ; atracts oi tttle and title aearches incurred or patd at any time by the Mortgagee be~ause of the iailure oa the part of the s Mort8~8o~' P~P~Y and fully w perform the agreementa and covenante ot aaid note and thls martgage, snd eald costs, charges and expensea ahall be immediately due and Y~Yable and ehaU be eecured by t2~e IIea oi t2ils mortgage~ and such rupertdlturea shall draw interest at the rato oi eight per ces~t~um per anuum. . That (s) in the event ot any brea~ ot thla mortgage or defsult on the part oi the Mortgagor~ or (b) in tt~e ~ event any of said suma o! money t~crein referned to be aot prompUy and fully paid without den?and or not[e~, or (c) in • the event ths stipulations, egreemente, oondit~ons and covenants oi eald note and thls mort,gage are not duly, and PuUy pertormeQ, then in either or any auch event, the said aggregate aum menUoned in said aate t1~t ~ t: r' Pafd. with intereat acxnied to that time, aad ail mon~ys secured herebY. ehalt bernme due aud paysble forthwiW, or , atter, at the optio~s ot sald Murtgagee, as fully and completely as ii ell al the sa[d sums of mo~ney were orlginally stipu- a lated to be paid on such day~ anyth[ng in aatd note or in thts mortgage to the contrary nokwitt~standing; aad thereupon or thereatter, at the option ot eaid Mortgag~e~ without notlce or deman@, suit at law or ia Aqultq~ may be proeecuted ei ~a i! all maneys aecured hereby had matured prlor to its inatitutton. . tgagee ma , at 8. The ~or y any ttme while a suit is pending to forecloae or to retotm this mortgsgq or to s.nforoe y i~ any claims arising hereunder, apply to the caurt isaving jurladlcUon thereof tor the appointment oL a receiver. and such ~ ~curt shali torthwiW ap}wint a recelver oi the premiees and aU other pmperty oavered hereby, includin~ all and singutar k tt~e income. Profit+s. reats, iasuea and revenuea lram whatever eour~ derlveQ. and auch reoeiver d~all fisve all the broa~d ; ,3 and ettectiva tunotloni wdpowee~ it~ anywtes ~r?tnuteA by a court to • reosiver~ aud woh a~ ppoiatm~nt shsU be mad~ hy suoh oourt aa aa acimitted equity e~r~d s matter od abeotute rtght to said Martg~ee, and without retareaoe to ttie ~ds- ~ "s quscy or laadequacq of tbe value ad the P~~Y ~~8a8~d or to tlie solv~tcq or fnsotveru.y of ssid the . defendants, and such iacoane, prMts, r~tie, L~ues aad reveuues ehall b~e appAed by auch reoeiver e~oco~ding~~ lien a[ thfs asortgsge e~a~d tbe pracUce o[ euch oourt. ; i J ~ • ~ •i t ; _ s ~ 6i~~~ 1Q~ PAGE~~e3 , ~ . ' . ~