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3. to pitta and continuously krap an the buildings now or hersaftsr iiFuata on seid lend and o all rquipnaent and personally coverod by th,s rn, r',g
e rg e, with all premiums thereto paid in full, f:•e inwrance in the usual standard polity form, In a sum approved by the MORTGAGEE, and w:ndsronn
insurance In the uswl standard policy form, In a sum approved by the MORTGAGEE, In such tompany or companoaa as The MORTGAGEE may
direct; end all fire and windstorm Inwrsnce policies on any of said buildings, any Interest therein or part thereof, in the eggregats wm aforesrd or
in excea thereof, shall contain the vtual standard mortgagee clauw or such othx clause as the lslortgagee may require, ma-ing the lass under sr~d po'i-
cies, each end every, payebls to said MORTGAGEE as its lnrerest may appear, and each and every wch policy shall be promptly ass.grrd and delivered to
any held by said MORTGAGEE as further security to said mortCage debt, and, not lass than ten (10) days in advents of the expiration of each . olicy, to de-
liver to said 6'ARTG.4GEE a renewal thereof, together with a receipt for the premium of wch renewal; and there shall be no fin or windstorm insurance
placed on any of sa'd buildings, any interest therein a part thereof, unless In the form and wick the loss payable as aforesaid; and in the event any sum
of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply the same ors account of the indebtzd-
ness secured hereby or to permit said MORTGAGORS t~ receive and use it or eny part thereof for other purposes, without thereby wai.i rg er ~ ~ p., -
ing any equity, lien or right under or by virtue of this rnortyaga; and In the event said MORTGAGORS shall for any reason fail to keep the said premises so
insured, or fail to deliver promptly eny of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
respect (air to perform, discharge, axecuts, effect, complete, comply with and abide by this cove.,ant, or any part hereof, said MORTGAGEE may niece a ~o
pay (or such insurance or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, end the
full amount of each and every such payment shall be immediately due and payable and shall bear interest from the e:,te thereof until paid at the rate of
n;ne per centum per annum and together with such interest shall be secured by the lion of ;his mortgage.
4. To permit, commit or suffer no waste, impairment or deteriorat~nn of said properhy or any part thereof.
5. To pay all end singular the costs, charges end expenses, including a reasonable attorney's fee and costs of absnectt of tale, interred or F+id at
any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR ro duly, promptly and fully perform, discharge
exec rte, effect, complete, comply with and abide by each end every the atipvletions, agreements, conditions, end covenants of said promissory note and this
mortgage any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be noticz dr=
mend, attempt to collect or wit pending; end the full amount of each and ovary such payment shall best interest from the date thereof until paid at the
rdh• of nine per czntum per annum; end ell said coats, charger and expenses irKUrred or paid, together with such interest, shall be secured by the lien of this
mo: tgage.
6. That (a) in the event of any breath of this Mortgage or default on the part of the h10RTGAGOR, or (b) in the event any of said sums of money
herein referred to be not promptly end fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice.
or (c) in the event each and every the stipulations, agreements, conditions end covenants of said promissory note and this mortgage any or either are net
duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, than in either or any wch event the said ag-
gregate sum mentioned In said promissory note then remaining unpaid, with interest accrued, and all mor,eyi secured hereby, shall become due and pay-
able forthwith, or thereafter, at the optivn of said h10RTGAGEE, as fully and completely as if al; of the said sums of money were originally stipulated
to b!• paid on such day, anything in said promissory note or In this Mortgage to rho contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, suit et law or in rquity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured poor !o its institution.
7. That in the event that at the beginning of or et any time pending any'ibit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
aayment of any claims hereunder, said rJ40RTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall
forthwith appoi.,t a receiver of said mortgaged property all and singular, including all and singular the incomz, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby- mortgaged as if specifically set forth and described in the granting and
habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said 1ORTGAGEE, end without reference to the
adequacy or inzdequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such
r,-ors, profits, income, issues end revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly. promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenants in said promissory note and this mortgage set forth.
9. That in the erent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the lAORTGAGOR, the
h10RTGAGEE, its successors and assigns, may, •rithoul notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage and the debt hereby secured ir, the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability Kerr
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE o• its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors ar assigns, shall operate
to release, discharge, modify change or effect the original liability cf the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
cured hereby shall et any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
-- - - --- -•h!~~ - ~--~•• ^f ;.riot' al and interest required by the promasory note secured hereby, mortgagor covenants
, ,. ,~, o..~~~~~„ ,.. ~„~ ,,,,rya ,y --,,, r p,,;..~..,. ., P
znd zgrees to pay to mortgagee wah each monthly payment an additional sum estimated by mortgagee to be equal to 1,'12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against the above described real estate.
B -r rc:mums on fire aid windstorm insurance as herein required to be carried on the improvements situate on the above described premises.
C-Pre:nivms pre such mortgage guaranty insurance es mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Alortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
payable on the due dare of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in wch
a•nount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance
premium;.
IN 'JITNESS WffE F, the said MORTGAGOR has•hereunto ;et his hand end seal the day and year first aforesaid.
S' ed, led red d ivere in the presence of:
~~ (Seal;
- ~./ _ (Sang
~ (Seal)
STATE OF FLORIDA
COUNTY OF -_S t • LU^ i e
Before me penonally appeared
r ~-
)
LeRoy C. Hefle
Merv H. H6fley
the individuals described in and who executed the foregoing instrument, and
therein expressed i+nd the
H
and
his wife, to me well known aid known to me to be
ed before me that they executed the same for the purposes
wife of the seid LeROy C a Hefley upon a separate and private
examination by me taken separate and apart from her said husband, acknowledged to end before ma that she txecuted said instrument freely and volun-
tarily and without any compulsion, constraint, apprehensyyio''n,,,TTor fear of ire from her said husband.
WITNESS my hand and official seal Chia-~h day of-_~~ n Noyf.~-~r A: D. 19 62
~folery Pvblfc in and for the State of Florida at Large
My Commission expires:
Return To: '
F(rta. Fe4era{ Savings b loan t.asociation
,~~\\'.a •. Vft Fort Fiesta.
`v`,, ~f3~t,' Pje/~t~. Ffaida
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Ef~EO ANO RECQRDEn {~
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ROGER PQlTftAS, C~ ~~K
~1. LGCIE COUNT`{, FLOR1~1
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YOtaty Public, Stets of Fldrida at Lar~
E3on ed YlAmerExPl!es April 24. !96
uro(Y Co. of ,y. '/.
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