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Home My WebLink About1419 ! ~ . ; ~ ; ~ ~ , ; , c8tate at Fiorlde? dc~umantuy ata»pe !n ttea aanacnt z84Wred by l~w Rre ~ to the ortginsl af t2se foregotn~ not~ ~ ufd ca?ncellad pureuwt to lew.) ' ~Y P~P~IY ~~Y 1~Korni, diacharge. eocecute~ eNect~ oompiete wd ~amply with ~d abide bq each end every the s~lpulaUotu, ~greet~ent~. ooudlUont a~rct ooven~nta ot sxfQ pramis~ory liote ar~d ai thla martgag~e, ther~ thL~ mort$age and tho eatate hereby crested ahW 3ease end be null and vold. Md the Mortgagnr covenanta and agroe~ to and with the Mortgagee a+~ lallow~: , 1. He will pay the prtncipal and inter~t and the va rlotu~ and euridry q~ums of raoney payable by vlrtue ot ssi~ ~ P~~ty note and this mortgagre pramptly on the daya tha same beootne dua and he will pr~mpUy partorm usd oem- ply wlth each and every oLher covenant and agreement in aeid pmmiesory note arui mprtgage. ~ Z. Fie wW pqy the te~uEa, aae~mente~ leviss. llabW tle~ obligattonir and incumbranceo at evary natur~ e~nd kind now on said deBCr[bed property, ar that hereatter may t~ lmgvaed, aa~ttered, Plsced, levied or aasaseed tt~erean, or tbat baresttar raay be levted or eaaesseQ upon this mortgage or the indeDtedness secured hereby~ wh~ due and pqyable sooard. ing to lsw, before they become delinquent, at~d betoreany lntereat attaches or any penalty is fnc~,trred; and in sa far aa a~y thereo! ie of reoord the same ahall b~ Pmrapyy satlsited and dLxhacged oi reoord anct the orlgtnal oiftdal documant , . evidencing eurh satlaiactlan and dlacharge ahall be plaoed in the h$ads of said Mor ~~agee withln ten days next after pay- - ment~ The cavenanta and a~reementa in thl~ ph slsall not ba applicable to a taxes aad ~nenta whirh are men~ta.~ out o! tt~e lunda depoaited with We Mor agee under the terms at pai~agraph 4 ai thesa oovenanta e~nd agree- F4 ~ 8. Iie w3ll keep tbe improvPSnent$ now exi~ting or hereatter erected oa the mo ro losa by Pire and other rtS°~ p P~Y ineured against hazaide ea~uslties ~d oontLngencies in auch amounts and for n~ch parlode as mqY be requir~ed by ' Mortgagee. Ail insurance ehn~l ba carried in oompanler approved by Mortgsg~ea aAd the podleies and r~awale thnreot ' aha11 be held by Mo~ee and have sttnched thereto loss payable cidu~es ia lavor oi and !n form acceptable to the Mor~ages. In event ot osa he will give irnmediate notice by msll to Mortgagee~ e~nd ll~ortgagee mAy mslce peqo~ of 1os~ _ . it no made pmmptly by Mortgagar, snd each inauranca oampaz~y mncerned !a bereDy aut~orlaed azW directed to mako ' PaYment for euch loea @irectly to Mortgagee Inatead o! to Mortgagor arrd ]~ortgagee jointlY~ and tba insurat~oe Pn'oceeds, or sny part thereof, may 6e appited by MoMgagee at iGs option elthet to the neductton ot the ir:debtednees hereby ee- cured or to the restoraUon or repair o! the property damaged. In event oi loreolos~ue ad this mortgage or other tranbier of title to ihe mortga,ged property in extLnguL~tunent of the indebtednea9 secured h~rebY, s11 right, title aad interast o! the Ddortg~g+or in aad to any insurance pollciea tt?en !n torce ahall pase to the purcl~aser or grantee. r 4. In order more il~tly to protect the security o! thls mortgage~ the Mortgagor, togettier with aad in addition t+o the monthly pa~ rnentn under the terma of the nate eecured hereby, on the Hrat ~ty of each maath aad untJl aaid note is ; ~ ~~Y P~d, shall P$Y to the Mortga,gee aa inatalment oi the taxes and amtasmenta next to becnma dua agair~et the mortr Z gaSed premtse~, and an in9talment oi premiuma next to become due on insurance poiidea required by t,he M 3urh instatments ahall be equa2 reapeetivety to such taxee and sseaasments and ir~aurance premiums, sll a~ esWua~ ~ the Mortgagee, less all sume already paW thereon. divided by the mtnnber of months tbat are to elapoe baforo oe?e month prlor ta the data when such taxea and a~essmenta snd insurance preiniuma witl baca~zie due. Saicl inais)menta shall be ~ ' , held by the Mort~a,gee in trwt to gqy auch taxee and easea~sments and insurance premiums. All pAymentg made wider the tet~na o! thlapara.graph and under the note aecured hereby ahall be added togefher and the aggc~egate amount thereo! - - ai~alI ba paid by the Mortgagor in a single payment each month to be applied by ttte Mortgag~e iA paymsnt os the itema and !n the ordcr tollowing• (a) taxee and asyess~ncnte, and insurance grernium.s; (b) inter~st o~ t2ie note eecured hereby; and (c) amortization ot the prlncipal oi sald note. Any delldeney in tha amount a! such aggregate monthty psymeztt shau consUtute a defaWt under this mortg~age. VYhen such taxcs. nasessments and inaurance premiums lall due, if the amounts • depa9lteci by the Mortgagor for such pucposes are not euttieieat to pay sald taxes~ a~eata and insuranoe premlume, as the c.~se may be. then due, the Mortgagor wilt pay to ttte Mortgags~e such dettclenay fmmediately. When ~uch taxea, assessmente and insuranre premiwns fall due, it the amounte depositsd by the Mortgagor !or suct? guspoees exceed the amat~nte due tor stich ta~ces, a~enta and insurattc8 preaniwns, the excess may~ in the diaeeetton ot the Mortgagee~ be ; applied on subsequent monthly gaymente to be made by the Mortgagor. In the event of default uader t,tils mortgaga ` ' ar?Y ur?exPended funds in the hands oi the Mortgagee depoaited by the Mortgagor to meet tbe obligatiuna ot tauea, assess. ment~ and insurance pmmium~ shaU be applied by t2~e Mortgagea upon the lndebtedness hereby secured, !n the fouowing order: (a) interest on advanoea made by the Mortgagee; (b) advances made by the Mortgagee; (c) interest a¢i the ptin- ' ciPal~ snd (d) the principal debt hereby aecured. When any such taxes, assessrnent~ or inauratiee premiums tall due the Mortgagor wllt pmmptty obtatn and deliver to the Mortgages atatements with r~spect thereto, The Mortgagee may ou1. lect a"late charge" equal to 4% on any monthly instalment paid more thett 16 daya atter the due data thercon. ; 6. He will permlt, oommit, or auiYer no waste, impairment or detertoratioa o! said property or any part ther~eol. 4 - In ihe event o! !he tallure oi the Mortgagor to keep the bulldings on said premises aad those tp be erected oai eaid grem- - ises, or improvements thereoa, !n good repair~ the Mortgagea may make such repairs ea in his dl8crettun he may deem r , neceasary for the proper preservatton thereot, $ - 8. He wlll PaY all and ~u1ar ttse coata. eharges and expennea, including xeasonable attornay's fee~, coet ot e?b- ea _ atr~cts of tltle and title ~earches inc~ured or paid at any ttme by the Mort~sgee because o! the fallt~re oa the part a! t~he i Mortgagor prompily and fully to pertorm the agreementa and covenant~ ot sald note and thi~ mortgage~ nnd said caete, ~ charg~ and expenses shall be immedlately due and payable and nhall be secured by t~e llea oi thla mortgage, and such ~ ~xpenditures shati draw interest at the rate of eight per centum per annum. 7. That (a) in the event o! any breach o! thia mortgage or default on tha part oi the Mortgagor~ ar (b) in tlys avent any oi said sums of raoney henin referred to be not proraptly and tully pald without demaad or notivq or (c) in tha event the stlpulations, agreem~te, conditlona and covenants oi said note aad thta mortgaga are not dulY~ pUy and lully performed, then in either or any such event, the eaid aggregate sum tnent[uned in said note then riGm~a~un~ paid, with faterest accraed to that time~ and sll moneys secured hereby, shsl] becama due and payable lorthwith, or ere- after, at the opUon o! safd Mortgagee, as fully and compietely as if all o! the said sums of money were originally sUpu- k ! lated to be paid on such day~ anything in said note or in fhls mortgage to the contrarq notwithstanding~ aad tt~ereupon or tteereatter~ at the optton ot said Mortgagee. without notlce or demand, auit at law or in equity, may be prosecuted ae it all morseya eecured hereby had matured prior to its institut[on. . i ~ 8. The Mortgagee may~ at amy ttme while a suit 1$ pending to foreclose or to ref~rra thi8,mortgagq or to exstorce any claims aristng hereundcr. apply to the court having jurisdlcUon thereof for the appaintment of a n~celver, and auch court shall forthwith appoint a reoeiver ot the premEsea and all other property covered hereby~ fnctu~dtng a11 and eingular _ the ineo~n~~ Protlb,-reA t lasuas and ra~r?enues trom wt~?tever saurce derived, aAd ~uch receiver vull havs s~ll the brosd . aa4 atfectlve tunctix~.s andpo wers ia u~ywise eistrwted by w cou~rt to s recolver. uxl suchap pointmeat ehall be mi?de ~ by such raurt ~,s an ~dmitted equity aud a matter ot abeointe rlght Lo said Hortg~ae, and witbout raiereaoe ta the ude~ ue : ~ quacy oc u~e~ oi tt~e value at the Prop~ertY mortgs8ea or to the ~olv~enay or insalvmcy ai sa1~d Mortgagar or tha dei~ndanb, and au incoaae, i~rottts, renta, isaues usd raveauea ahatl be appIIed by such reaetver scoording to the lten o! ~ thia mortgage and the prsetice a~d surh oourt. . ~ ; . ~ i 1 ' . i - • ~ ; ~ ~ - ~oa~ ~~0~ ~~G~2~.9 ; . , . . . . . l