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Home My WebLink About1645 1 r + a ~ ~ . _ ..............~_~.....~.__.._w_k._...~__._.~_ _ _ ; and shall prompily perto~m, comply with, and abide by each and every the stipulations, agrcementa, conditions, 8nd covenants of said pranissory note and of- this deed, then the esiate hereby created shall cease and he null and void. AND the Mortgagor dces hereby covenant and agree: - - To pay afl and ~inyular the priocipal ~nd i~t~rat snd oth~r sums of mon~y parabte by v'utve of uid prom~ssory nole and this mortq~~, w either, promptly ~ on N» dayt resp~ctively, tl+e s~m~ s~wr~lty com~ dw. . - - [ - ~ 2. To pay •11 and singobr rhe 4~es, ~isessmenb, lev~es, liabili~ies, ob6~ations and~ ~ncvmbran~es of ~very narvre on s~~o oescnbsd properry exh and every 't wh~n dve and payaEle accadinq to' law, be(we ~hey become delinaven~, and i( the samc shall no~ bt promptly peid the Mbrtpagee may at ary time either before o~ afu: detinqvency p~y the s~me wiihout .waivinq~or a((ettinq Me opt~on ro fueclose, or any rig~! hereunder, and every paymen~ so made shall baar i~~erest trom i ~he dare ~hereol. at ~he ra~e p~ovided in said promiisory note. 3_ To keep the buildiny: and all equipment a~? pe:sonnl property now or fiereafter on said premises, covered by thPs mortgaye, insured in s svm af I~set _ ' eqoal . to the unpaid balnnce of this mortQafle, irr:~•diny fire, floqd, eatended covcr~ge, vandalism, malic~ous misch~ef,' and any other coverage ~cquired by the F mort~aget, as fo propertiss other than dwellingc, and fire, flood, estendcd coverage, special-fam other-perils insurance, arid my other coverage required by 4- the morfgagee, on dwellings eligible for such broae¢:.~ covuape - proveded, however, that such insurance tx in an amovnt svffident to comply witF, any cw insvrance requirertxnh covarinp same vnder the laws ot the State of florida, and provided further that the policy or policies sha~l be written in a company or companies and throc9h an agsncy satisfxtory to the Nbrtyagee end th~t said policy or polides shafl be held by the Mortgagee and shall bear a standard Ntw York 1.torlgagee Cla~ae w7thoa,t contribution, making the loss under »~d policits payable to the Hior~9apee as its in~erest may appear; and in ~ne event any sam - of money becomei_payable ~~der sny such Qoticy w policies, tha N.onQsgee shall hsve the option to taeive ar.d bppty the sbme on accovnt of tha indeb~ednesf Fereby iec~red, or to permit the lWo:t9a9or to receive and use it, or aoy part thereof, iw othtLp~erposes, without thereby_wsiving or ]mpair~ng any equit~, lien, or right under and by virlue of this morigage; and in the event the Martgs9oi does not comply with this covenant, the Mortgagee mny place and pay for svch inavrance, or any parf therEOf, withovt waivinq _or affecting the option fo foreclose, w any rig;it hereunds~, and the full amount of each ar:d every such payment shall be immediefely dvs and payable, and ihall bear interesf irom the date thereof vntil paid at the default nte provided in seid note and fogether with such intrrest sfiall b~ secured by the lie~ of this mortgage. Ir.suran<e cwering the peril of ilood dnmage shal~ be as r.auired by the Federal Disaxter Protection Act - of 1973, or as amended, and mor?ga9or covenants and sgrees ro comply in all respettt with the prwisions thereof. . 4. Thaf morigagee may, at any rime dvrin~ the mortgaye ferm, and in its diuretion, appty for re!xwal of mcrtgsge guaranty insurance covering the mortgage executtd by 5Fe undersiSned en even dale herewith, pay the premiums due by reason thcreof, .and require repayment 6y the undnsigr.ed of svch ama;nrs.as are advanccd ty said mortgagee. In the event of failure by the unde*iigned to repay said acrsesrnts to said mortyagee, such failvre stiali be con- _ a~dered a defa~lr, and all prwisians of tfie r.ote and mertgage w~th regard ro default shall be applicabla - - ~ - " - _ S. To petmi?, eommit or fvfftr no waf1~, tmpairreti~Af•~or ditviwation of •~id proparty, u sny parl thtreof, snd vpon tbe f~ilura of th• mwtfliqw to kttp Yh~ buitdings on •aid prope:ty in qood cond7tion of`rep~ir, ths hlwly~ge• rnay demand tha i~nmediate rep~ir o( u~d twitdiny~,'or an increaio in th• arr.oun~ of ~~c~rity, or tM imm~di~t• repayment of th~ deb~ hereby secvrrd and tM f~ilun of tha Mortyapor to comply wfth s~~d d~rr+and of the AiwtqaQee for a p~riod oi thirty (30} dayr, sh~ll constitot~ a breach of t!~it mortqs9s, and, at tM .~ption of Mx JVlortyaflr_, immediately natay tM er.tin ~mount of principal and 'ent~rrst hartby sscured, and immediattty •r.d withovl notic~, th• Mats~pt~ rtuy Trt~fitvt~ ptoceedinye to fcveclos~ this mwtgay nnd apply for Me sppantm~nt of a Qec~~ver, ~s Mni~after- prorided: _ ' - • , 6. 'To~pi~otrn, campl~ w~th~a~d abide by each and er-2ry stipulation, s9reement, condtion and covenant in said promissory note a~a ana set forth. . • ~ _ • - . ' ' 7. In thz cveM the juris~ction of tht U. S. D'strict Covrt shall be imokPd by or against the Ml~rtga9or under any of" ihe provisior.s of the Federal Bank- _ ruptcy Act, auch acr~on, whether wluntary : r_invot~~ntary on the pan of the Nbrtgagor, _ shall avtorruti!alty, without notice, accelerate the maturity of all svms - pf money herein deuribed and secured, and rMe same shall there„por: become due md payable fwthvrith as fully as if fhe said aggregate sums of money were origin~Ily stipufated to be paid on such date. - _ _ ~ - , - 8. To deliver to said Mortgagr_, on or before Nlarch 15fh of each year, tax rcce;pis evidtncing the payme~t of a11 lawfully imposed taxes for the oreceding • ' calendar yea~, and to delivn to said Mortgaqet, ~Kliph evide.xing the payment of all lims fu public "improvemenh within ninety (90) days nfter the srme shell bccome due and payable, and to pay or discharIIe within ninety (90) days after due daFe, any and all governmerttal levies that rr~y be made on the mortyagt~ property, on this mortqage or ncte, or in ar.y ofhtr way resvlt~ny trom.the kbrtgaoe indebtednas searred by this mortgage; ar+d if this condition be nar camol~M with and performed, said mo?lyaqee may pay such sum or sums which shall become part of tha debt secured by this mortgeqe, a~d shall bear interat at the default ' rate provided in said promissory note psyabk montfily until peid or said Mortgapee may elect- thtt said mortgage debt thereupon become dve and payable forth- wirh. _ - Cep _ _ ' • ' d 9. ~It is (wthet co+en~M~d ~ sgre~d - ~ - - ~ - , Oap by Hid pnties thal in Th! tvenl of a fuif bein9 institvTed to fonclot~ thi! mortqrq~, tM Mortpay~e ah~ 1 b~ tntitl~d f0 ~ ~ ~Fptr at ~ny tim~ p~ndi~q tvtb (accloau•t ~uit to ttw court havi~ ioritdict7on th~reof for t!» sppantm~nt of a r~ce~rer of aIl ~nd sinp~tK tM monyayed prep~rry. , ~nd of al! iM ~rnts, incorna, pofiri, itsvt~ ~nd rrm~ws tMrwf, from what~owtr •souru derired; ar:o therwpa? ir is Mr ~ sh~t tlM° court ~hatl iwehw3th ~ppoint • r~csirK of said mutq~y~d properry, all and •i ~Y •spre~sly coven~nted and iyrwd - C rvfistsow~r sourt~ daived, with fM vawl ~++~~r, snd of such rr.~b, incom~s, profih, i~wtt cnd rwenv~ tMr~of, fran pawvs and dvtiri O< <KfrvM! in- liks uses; •nd "svch ippo?ntrrxnt sAstl b~ mad~ by such co~n ~s a mamr o1 sfrid riyhl _ b tn~ Mon~e, its succruws, le~sl rpns~nt~tiv~s w»i~yro, w~d wifhaA r~f~renc~ to tM adp~acy or in~d~qavcy of tM wlw af tha . s or fo fM'solvrncy cr irtiolrer,cy of tM Muty~por, cnd tAat svcfi ~ent, _ a~fY hKSby mort9+~d. proiib, incorr~, issun srtd r~vtnuw aMtl b~ spplitd br wch r~cirv~r to t3w p~ymen~ p} tM ~ mortpay~ ind~bt~t4ttia, tosb ~nd chac9~+. ~ttordiny to Nw uda of stxh covrt. - . r*1 . ~ . . . _ . . . - . . _ . . 10. If alt or any part of the propersy or an interest therxio is sotd o~ tnnsferrcd by mortgsyor without mwigagee's prior wrinm conssnf, exclu~.'irg (a) the _ ~ creation of a fien or encvmbrance subordinate to this mortgage, (b) the ueation of a purchase money setvrity interest {on c~uiehold appliatxa, (c) a tranifer by ~ devise or descent, or by ~peration of law upoo the dtath of a joint tenam, or (d) the 9rartt of any kasehold interost of three yea~s or leas ~ot conUininq m oplion to pvrchase, mortgrgee may, zt its option, dcclare afl the svms sKUred by. fhis morlgage to be Fm~attly dve and paysble. Mortg~yee shall h~vt waived stxh option to acce•,erate if, prior to the sale or tr : r ipagee and the ptrson to whom the prope;ty is lo be sold o+ transfrrred reeth ayraertrent in writiny tfiat the credit of such p~rson is satisfacrory fo and }ha~l~ ~rykes~'pyabfe on tFre svm: savred by this mortgage shsjt be at svch rat~ as Maty~~e shall request. f . . , . : : i:.:.. - . : - . ~ ~ . . . `:s~"3i--^~:r,~--..~rr~G's-~~.-i~+'~-~..: s ~ - - . . . . . - . . . - - - . - . . - - • - - - ~ . _ . , . . _ . ' ' - ' ' . . - _ . ' . . . . " ~ : . . - - - . . . _ _ - ' - . . . _ "'.tir - . ' - .~_ti-._.- _ -