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HomeMy WebLinkAbout0474UJ. 3. To place and continuously keep on the buildings now or f,eroaher rituals on raid lend end on ell equiprnent end pencnelly covered by this mortg- age, with ail premiums thereon paid in full, flre insurance in the uruel Nendud policy fora, in - sum approv«d Nv the h10R1GAGEE, end w'ndstorrn insurance in the uwal standard policy form, In a sum appr.rvad by the MORTCiAG`_E, In such cor,pany or compan?es et the MORTGAGEE may d•reer and a!I `.''a and windstorm inwranca policies on •ny of aid buiidir.gt, any Interest therein or part thereof, in the aggregate wm aforesaid or in excess thereof, thall contain the uwel standard mortgagee dawn or such other douse at the Mortgagee may regv~rs, making the lots under card polf• rtes, each and every, payable to solo h10RTGAGEE es it• interest mey •ppeer, and each and every such policy shall ba promptly aa.gned and delivered to any held by sold MORTGAGEE as further security to tsid mutgego drbt, and, not last than ten (10) days In advance of the expiration of each pof!cy, to do- liver to said h10RTGAGEE a renewal thereof, together with a receipt for the premium of tuck renewsl; and there shall be rro fire or windstorm insvrence placed on any of said buildings, any interest therein or part thereof, unless in tt-e form and with the loss payable et sforesaid; and in the event eny sum of ma,cy heroines payable under wch policy or polkies said MORTGAGEE shall have the option to receive and apply the tame on account of the indrbted- _ Hess secured hereby or to permit said MORTGAGORS to receive aid uta It ar any p:art thrreef For other purpo,~~s, wi:heut thzr.~b~ ,va:+c:t or r^rpair• ing ar.y equity, Ilea or right under or by virtue of this mortgage; and in the event said MORTGAGORS shall for any rsa:on fail to keep the said premises w insured, ur fail to deliver promptly any of seid policies of inwrence to raid MORTGAGEE, or fail p:omptiy to pay fuNy any premium therefor or in any res!:ect fail ro perform, discharge. execute, effect, campter., comply with and abide by thi< covenant, ar any part hereof, said MORTGAGEE may p!ecz a•,d pay for such insurance or any part thereof without waiving or affecting any option, lien, equity, or right under or by virwe of this Mortgage, and tht full amount of each and every su:h payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of niz per centum per annum and together wirh such interest shall be secured by the lien of chit mortgage. 4. To permit, commit or suffer no watts, impairment or deterioration o' said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's tee and costs of ebstrectt of title, Incurred or paid at any time by said MORTGAGEE, because or In the event of the failure on the part of the said h10RTGAGOR to duly, promptly and fully perform, dhcharga, execute, effect, complete, comply with and abide by each and every the ttipulations, agreements, conditions, end covenants of raid promissory note end thh .mortgage any or either, and seid coat, charyet and expenses, each and avny, thail ba in,mediateiy due and payable; whether or not there be notice de- mai,d, attempt ro collect or suit pending; and the full amount of oath and every tech payment shall bear interest from the date thereof until paid st the r; r-_ o. nine per centum per annum; and all said torts, charger end expenses incurred of paid, together with such intarert, shall be tecurrd Ly the lien of this mortgage. 6. ?hat (a) in the event of any breach of this Mortgage or defarltt on the par! of the hIORTGAGOR, or (b) in the event any of said svmt cf money herein referred io be not promptly and fatly paid within thirty (30) days next after the name severo!ly become due and payable, without demand or notice, or (c) in the event each end every the stipulation., egrtemenU, conditiom and covenants of seid promissory Here and tFrs mortgage any or either era not ~u; y, promptly sad fully performed, discharged, executed, effected, completed, complisrd with end abided Sy, then in either or er.y wch event the seid •g~ gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, std all moneys tetured hereby, shell become due and pay- ab'e forthwith, or thereafter, et the option of said MORTGAGEE, as fully and completely as if ell of the said sums of money were or~g~nelly etipu!ated to be paid on such day, anything in said promissory note or In this Matgaga to the contrary notwithstanding; anroututed at f a Iemonteysarecu• d thereby said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, mey be p had matured poor to its institution. 7. Thar in the event that at the Ixginniny of or at any time perding any tuft upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof For the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including all and tingular the income, profitt, issues and revenuet from whatever source derived, each and every of which, it being expressly understood, it hereby mortgaged as ii specifically set forth and dettribtd in the granting ana habendum clauses hereof, and such Receiver shell have ell the broad and effective functions and powers in erywise entrusted by a court to a Receiver, and ~ such appointment shall be mode by such Court as an admitted equity and a matter of ebtolute right to raid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOk or tie defendants, end that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the proctice of tuck Court. f?. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the ttipulations, agreements, conditions and covenams in said promissory note and this mortgage set forth. 9. Tf,at in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h',ORTG.4GEE, its weeeison r,nd assigns, mav, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the tame manner es with Mortgagor without in eny way vitiating or discharging the Mortgagors' liability here under or upor. the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or in successors or assigns and no extension of the time for the payment of the deLt hereby secured given by the MORTGAGEE or its svccessort or a:srgns, shall operate io release, discharge, modify cha:tge or effect the original liability o} the MORTGAGOR here!n, either in whole er in part. i0. It is specifically agreed that time is of the essence of this contract end that no waiver of eny obligation hereunder or of the obligation sr cured hereby shall et any time thereafter be held to be a waiver of the terms hereof M of the instrument secured herby. 11. In add.tion to the foregoing monthly payments of print'pal and interest required by the promissory note secureu hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to f~12 of the annual cost of the follow- in~: A-All real property taxes levied or assessed against the above desuibed real estate. B-Premiums on fire and windstorm insurance es herein required to be carried on the improvemenit situate on the above described premises. C-Premiu,ns on such mortgage guaranty insurance as mortgagee rhall from time to time deem fit to carry on the loan tetured hereby. Niertgagee shat! from ti:-~e to time notify mortgagor in writing of 'he amount due and payable hereunder and such sum shall thereupon be due and payable on the due pare of the next monthly payment and each successive month thereafter anti! mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN "JITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first eforesai igne ale and delivered in the presence of: /~ 'e'~[/ Seal) Soap (Seal) (See!) STATE OF FLORIDA tT SS. COUNTY OF - ~. ~ I (~' 1 0 APtY•r Mr~lu4t2.~.~^°° riaalrar +"d Before me personally appeared .kia wife, to me well known end known to me to be the individuals described in and who executed the foregoing instrument, end acknowledged before me that they executed the same for the purposes therein expressed. lid: tart OEd _-. ~rposs a aepatata.aod..Qsiwte wife.v£ the. said - ~a-aad..tiafore ma that sM ~e>lcwtad sawl +nafwmnwt-fr~wy-sad volvrr aoctmrfrretiorr !ry-rsre-taken-s~par~afr arse +para 4rwn~ kaa- said iswbewdr atknar+ledgad. ssrily-ant wishsvt +r•.y<srnpuiaiow, -canasrab-f,-a~Paskawsiw,-or iear.oL K-fwrw jssa Mid.jsWbawdr ~ D. 19~~ WITNESS my hand end official seal this f~th Say of ~ . N tsry Public In and for the Ststie of F6;rida at large Commission expires: Return To: First Federal Savings dr Loan ,``stiss'•~ `Q`f-- Fen Pierce. `~~ , Cj~~Y~erE9s~ Fkrida .• ., - •. i'~ = "~ a `s`*r S a'-• . ~~tJ _ r ,~: .~ ~ ~ F~~ ~~ ~` ,, s~.., .. . ;. 0 0 ~~ 'ytr ~`~F1_. ,, 'rr+rutttss >>~ .~"4 Astatiotion t Stata of Ficrfda at Erg n~~~ f~fote on'PrnD SCOn Expires APrI~o4of1N65Y. ~~-l7F;t ~ MY ed by q;r,encan Surety . Boa4, /~ '+ • ~ V •,,• 1962 P,`OV -8 PM 3: 0 ~. 7:.~ ; ~. , f~r,;~T: ~ ~ ~ . s~..f~:~, ~ . ~ ROG - :;~,lv , S iLrI ~ \- G.1. r ER POITRASa CLpERK - r~,;?,„'~ ' ....' ~ . ST. IUCIC COUNt1'a 1'[0(11 - ,_ as ..5~~.;. .