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Home My WebLink About2924 i I f~r ia said aote and this mortgage, or either; to pay all a:~d si:~gular the taxes, assessments, levies, liabilities, obligatio~s, and encum- brances of every nature on said property, and to annually provide proof of payme:~t there~f to the mortgagee; to permit, commit or suffer :~o waste, impairment or deterioration of said land or the improvements there~n at any time; to keep the buildiags ~ow or hereafter o~ said land fully insured i~ a sum of not less than $16,000.00 in a compa~y ~r companies acceptable to the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, a~d i~ the eve~t any sum of moaey becomes payable by virtue of such iasura:~ce, said insura:~ce pro~eeds may be applied to the restoratioa of the property damaged if said restoration is ec~~omically feasible a~d the mortgagee's security is ~ot thereby lessened, but if said restoration is not economically feasible or the mortgagee's security is lessened, the~ the mortgagee sha~l have the right t~ receive a~d apply the same to the indebtedness hereby secured, accou:~ti:~g to the mortgagor for a~y surp]us; to pay all costs, charges, aad expenses, i~cluding lawyer's fees aad title searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply with the agree- ments, stipulati~as, conditio:~s and c~ve:?a~ts of said note and of this mortgage, or either; to perfc~rm, comply with and abide by each and every the agreements, stipulatio~s, conditioas and covenants set forth in said note and this mortgage or either. In the eve~t the mortgag~r fails to pay when due any tax, assessme~t, premium or other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the opti~a to fnreclose or any ~ther right hereu~der, and all such payme:?ts shall bear i~terest from date thereof at the highest lawful rate the~ al- lowed by the laws of the State of Florida. IF all or any part of the property ~r aay iaterest i~ it is sold or tra:~sferred without the mortgagee's prior written consent, mortgagee may, at its option, require immediate payment in full of all sums se- cured by this m~rtgage. If mortgagee exercises this optio~, mortgagee shall give mortgagor ~otice of acceleration. The notice shall provide a period of not less tha:~ 30 days from the date the notice is deli- vered or mailed within which mortgag~r must pay all sums secured by this mortgage. If mnrtgagor fails to pay these sums pri~r to the ex- piration of this period, m~rtgagee may i:~v~ke a~y remedies permitted by this mortgage a~d the aote it secures without further :rotice or de- ma:~d o:~ mortgagor . IF aay sum ~f m~aey hereia referred to be ~ot promptly paid withi:~ thirty (30) days :~ext after the same becomes due, or if each and every the agreements, stipulati~ns, c~nditions and coveaants of said ~ote a~d this mortgage, or either, are not fully performed, complied with a:~d abided by, then the e:~tire sum me~tioned in said note, a~d this mortgage, or the entire balance u~paid thereon, shall forthwith or ~ thereafter, at the option ~f the mortgagee, become and be due aad pay- ~ Y able, anythi-?g in said note or herein to the contrary notwithsta~diag. ~ Failure by the m~rtgagee to exercise a:~y of the rights or optio~s ~ hereia provided shall :~~t constitute a waiver of any rights ~r ~pti~~s F F C tp F "r c ~ BOGRItU7~ PAGE~924 ~ ' ,~^a ~ ~ ~ r .t'" a.~~'?' y'"~,~,' ~ uaa:_ ~ ~