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HomeMy WebLinkAbout0887o ~ ~~ ~ a 3. To pi,.ca and cortinuoualy kesa on the hvl!di.~gs n~+or -stier,f :urte pre acid !an;! and ran a4 equipment and peraonaUy ccvertd Ly title marg. ego, with a?l premivna therton paid in full, irro insurance M itlac+u .tS~f~ p~yc')i'ifc~m, in a sum approved by the MORTGAGEE, end windstorm insurance In the usual standard policy form, in a s.:rr epprov-d by the-dAQItTGn„iEg,.''iin ' iu<h tornaany of cCmpen?as as the MOf+Tr}AGFE miy direct; •nd sli fire a.d windstorm irauranee policies on any of tatd buildings, any interest therein or t:-art tfsareaf, In the sgpregats wm aforosaid cr In excess thereof, shag co+dain tka vswl standard mortgages clause or a+ch othss cisuse as tM Msrigapee may require, maRL•.q t{+a loss under sad pat4 ties, oath end every, payable !o said MORTGAGEE sa iq in:enat may appear, and each and every avch poCry st+ail bs promptly au Bred end deln•s:ed to any Feld by ae;d MORTGAGEE as further sacwi4y to said •nortgaga debt, a+xl, rtot lest Than sea (iCt) days in advarees of the expirotiors of oath polky, to de- liver to taW MORTGAGEE a renewal thereof, togetMr with a receipt for the premium of wch renewal; anJ ttrare shat; be no fire ar winduorm inawanc• p!a-cad on any or sa;ci uu;idings, any intsresf therein or part thereof, unless in the form end with she loss payable a eforasekl; and h the svam eny sum of money -racorres payable under such policy 7r polities aid MORTGAGEi shall have the option to receive and apply tM tame on account of the irdebted• acct secured htroby or to permit uld MORTGAGORS to reufw er.d use h or eny pert thereof for or:+er purposes, without thereby waiving or rmpsir• Ina any equity, lien or rig?yt under or by virtw of ihia rttwtgager and in t:1t event said MORTGAGORS sMl` for any reason fall to ktap the salt' prerrti;aes so inwrrd, or fail to deliver promptly any of seid polities of inavrarxa to said MORTGAGEE, or fail promptly to rxy fatly any premium therefor or in eny resprct `ail to parfora4 discharge, execute, affect, compltte, comply with end abide by this covenant, a eny F.:.1 iearsuf, slid MORTGAGEE may place end pay for wch Inwrance or any pert iMreof witiwut waiving w affactirrq any option; lien, equity, ar right under or by virtue of thee Mortgage, and the full amount of Bach end every such payrnant shall be immediately dw and payable end that! boar interest from tM sate tMraot until paid at the rote o1 Wino prr centvm per annum and together with such interest shad ba secured by iM ilea of th~a mortgage. 1. To permit, commit w wt#u no worts, impairment w deterioration of said property or eny part thereof, , 5. To pay ell end singular the costs, charges end expenses, Including a rsesoneble attorney's fee and cosy of abttrect of title, incurred or paid st eny rims by said MORTGAGEE, because or in the event of the failuro on the pert of the sa;d MOR70AGOR to duly, promptly and fully perform, discharge, execute, otfect, comptste, comply with and abide by each and ovary tf,e stipP!ations, ognements, cono;tiens, end covenants of seid pranrlsaory note and this mortgage any or either, and seid coarc, charges and expenses, each a.,d very, chest ba irnmsdutaly due err; payaSlr, whether or nut 'here be notice do nand, attempt to tolled w wit pending; and tM full amoun! of each and every sack payment shot{ bear interest from tM dale thereof until paid at the rate of nine par centum per s. Hum; and all raid loth, charges end expanses incurred w paid, together with such interest, shall M ttcured by rho lien of this mortgage. ' d. That (e) in the event of any breech of this Mortgage or defadlt an the part of the MORTGAGOR, or (b) in the event any of said sums of manes herein referred to be oat promp~ly end fully paid within shirty t30) cloys next after the same severally became due and payable, without demand or notice, or (c) in the avant each end every tM alpulationa, egnemantt, condition and covenant of seid pramistory note end this mortgage any or eitMr are not tuts, promptly a:td fully performed, d~:charged, executed, effected, tomplattd, complied with end abided 5y, then in either w any such event -ha said ag gregare sum mentioned )n said prarluwy Hate then remaining unpaid, with interest accrued, end ell moneys secured herehy, shall betome due and pay- able forthwith, ar thereafter, at tfie option of said MORTGAGEt:, as fully end completely a• if all of the aeid sums of money were wiginaily ttipularad to ba paid on such day, anything in said promissory note or to this Martgsaa to iM contrary notwtthstasxlingt end tfsareupon cr thanafter at tM option of said MORTGAGEE, without notice or demrrrd, salt at low or in equity, thertfwe a ihersaftar begun, may bs proaeaKed as if all moneys secured hereby had matured prior to its inttirutiGn. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or to reform It, or to enforce payment of eny claims hersurSder; raid MORTGAGEE shell apply to the Court having jvrisdicGon thereof for the sppointmort of a Receiver, tvcF. Court shall forthwith appoint t receiver of said mortgaged property all and singular, Irtciud~ng all and singular the Income, profits, Issues and revenues from whatever source derived, each and ovary of which, it being expressly vnderuood, b Mrsby mortgaged as if specifically set forth and described In 1M granting and habendum clauses hereof, and such Receiver shall have all the broad end effective functions and powers in anywise entrusted by a Court to a Receiver, and such appolntrnent shall be made by wch Court as an admitted equity and a matter of absolute right m said MORTGA^vEE, and without reference to the edegvacy or inadequacy of thu valve of the property mortgaged or to the >toNSncy or {nsolvancy of said MORTGAGOR w ttie defar,dants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the ilea or equity of told MORTGAGEE and the practice of such Court. B. To duty, promptly end fully perform, discharge, execute, effect, complete, comply with artd abitle by each and every tM stipulations, agreement, conditions and covenants in said promissory noto end this mortgage wi forth. ' 9. That in the event ih ownanhlp of the mortgaged promises, o: any pert tfiersof, becomtt vested in a perwn other tMn tM MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with tuck succeuor or successor to intsrett with reference to this mortgage end tM debt hereby fecund in the tams manner as with Mortgagor without in eny way vitiNing or discharging the Mortgagors' liability Mrr under or upon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearance on tM part of the MORTGAGEE w It successor or assigns and no extension of the tine for the payment of the debt hereby secured given by the MORTGAGEEc or Its succetsort or assigns, shall operate to release, discharge, modify change or affect the original liability of tM MORTGAGOR Mrein, either in whole a in part. 10. it is specifically agreed tftat time is of tM ea-ence of this connect and that no waiver of eny obligation hsre+rndar or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of tM terms Mreof w of the instrument secured herby. 11. In addition to the foregoing monthly p:.yments of prinr.pel and interest roquind by the promssorry Wore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an a;iditfonsl tun estimated by mortgagee fo ba equal to i/12 of the annual cost of the follow- ing: A-Ail real property tex6s levied or assessed against the above described reef sstste. B-Premiums on fire end windstorm insurance es herein required to be carried on the improvements titvate on the shove described premises. C-Premiums on such mortgage guaranty insurance es mortgagee shall from time to time doom fit to carry on tho loan secured hereby. Mvrtgaaee shall from time to time notify mortgagor in writing of the amount due end payable hereunder end wch Sum shell thereupon be due and payable on the due data of the next monthly payment and each successive month thereafter until mortgagee shat! notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, lnturanca premiums, ens mortgage guaranty insurance premiums. IN ITNESS WHER ,the seid MORTGAGOR has hereunto let hit hand and seal rho day and year first aforesaid. 5 ed, SG led ' d ive s fn the preunce of: ~Jt~'~"'"'- 4 . rB t_ ~pn~~ ~ t. /~FS,ti[•~e ~~h ~f5~ea0 . (Seal) _ (Seal) STATE OE FLORIDA s~. Lucie ~'. . ccunrfy ~F „ Annfa ~. D. .Millar, uxlmarried ar,d Before me penonelly appe6red _ Helm M. T. Mil ar, uTUTlarried ~~r)~e7Cto ms well known end known to me to be the Individuals deau;bed to and who executed tM foregoing insuumee:, and aciertcwisdgod lxfore me that they executed tM tame for the purposes therein expressed. iCi>jdS~iCrTiasa--- - fR1~4J41C~C~~ -- - ~i6irCa,~.~li7irTt~CX 4144~tfl4l4ffT_>'16rJQDbR4Rib74A>~iLIIClC~~1~'DBiCI![dC1CdC ~id~7°.~lL.x76iCRlC~JE9EDGLfdCtDL7UQ»~tl~Q~~bi4r?~Gt1C.7GOCJC P4X~C+14ik7paD140C7C'~7ttid~lall>K7iEddll~ J@t7C7lR.J41C,T# . :Y!TNE55 my hand and official seal this ~ 7 ~~ day of_ r -.---=. d• D. 19.~_ 1 _ . ~C~ Frsdera! avinCrs iR lean Assotiatit, r~ct~cs',. 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