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HomeMy WebLinkAbout0976 , 23253139 perfect the fee simple title to said land in the Mortgagee as may reasonably be required; and that they do hereby fully warrant title to said land and will defend the same against the lawful claims of all persons whomsoever. PROVIDED, ALWAYS, AND THESE PRESENTS ARE ON THE EXPRESS CONDITION THAT, if the Mortgagor shall pay unto said Mortgagee the promissory note referred to above, and stiall perform, comply with, and abide by each and every the agree- ments, stipulations, conditions, and covenants thereof and of this Mortgage, then this Mortgage and the estate hereby created shall cease, determine, and be nuZl and void. And the Mortgagor hereby further covenants and agrees with the Mortgagee: s 1. That Mortgagor shall pay a11 and singular the principal, inter- ' est and other sums of money payable by virtue of said Promissory Note and this Mortgage promptly cn the days, respectively, the same severally become due. 2. That the Mortgagor will pay all and singular the taxes, assess- ments, levies, and encumbrances of every nature on the above described proper- ty, and upon this Mortgage, before delinquency thereof and receipts evidencing payment of said taxes, assessments, levies and encumbrances shall be deposited with the Mortgagee on or before February 28 of each succeeding year durfng the term of this Mortgage; and if same be not promptly paid when due, the Mortgag- ee may (without obligation to do so) pay the same, or become purchaser of any lawful evidence thereof, or certificate therefore, without waiving or affect- ing any right hereunder and in this Mortgage, or the said Note which thi~ Mortgage secures; and such payments or expenditures so made sha11 bear inter- est from the date thereof at the default rate stated in the note hereby secured (the "default rate"). 3. That all sums of money paid or caused to be paid by the Mortgag- ee under the terms of this Mortgage and herein specifically prcvided for, and including any expenses incurred by the Mortgagee in collection of the sum secured by this Mortgage, shall be covered by the lien of this Mortgage, the same as the sums of money represented by the Note which this Mortgage secures. 4. To pay all and sin&ular the costs, fees, charges and expenses of every kind and nature, including an abstract of title to the above described Iands found to be necessary or c4nvenient in connection with any suit for the foreclosure of this Mortgage, and also including a reasonable attorney's fee incurred or expended at any time by said Mortgagee after an.y default by the Mortgagor, in the foreclosure of this Mortgage or the collection of the amount secured hereby, each and every; and every such payment or obligation shall bear interest at the default rate from the date the same may be made, and with such interest shall be secureci by the lien hereof. S. To permit, commit, or suffer no waste, impairment or deterio- ration of said property or any part thereof; to pay all costs in connection with any work done on said property, and if any ~echanics' and materialmen's liens be filed against the same, to cause the same to be discharged, paid, bonded, or otherwise satisfied or secured in form satisfactory to Mortgagee, within thirty (30) days after the filing thereof, or within twenty (20) days ' after a suit for the foreclosure thereof has been filed, whichever date is ' , earlier. 6. To permit no lien or encumbrance (including any ~unior lien or encumbrance) to attach to or remain on the mortgaged premises, or any part or porti4n thereof, without the prior written consent of Mortgagee. 7. To keep the buildings or other insurable improvements which are now, or which may hereafter be erected on the Iand herein described and the personal property and fixtures referred to ab~ve, insured against all risks by ~ fire and extended coverage in a sum not less than the full insurablQ value and such other hazard insurance as the Mortgagee may, from time to time require, at the expense of the Mortgagor in a good and responsible insurance company or companies, licensed to do business in the State of Florida, and acceptable to 2 3 2 ! 3 i ~~oszs PA~~a9~a . - . . .-...Y i y' . _ _ . . .