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HomeMy WebLinkAbout13720.-R;' ~ 8u~~ ~l rA~.E 3. To lace end continvou+l kse cn tM bt;lldi now or Mr Her s t to~~~nL~ ~n 4nQ on as tquipr,xnt and psrwnally covered by this mortg- age, with allppremi~:mt ,Mreon paid in full, f!r• Insuranu In tM ~~ql ~t6~~dti'HRA1~4**t~IpA- •um approved 6y tM MJRfGA,iEE, •nd windstorm insurarue in tM usual :ierdard policy form, In a cum •Fo:oved by tM MORTGAGEE, in :u..h company of companlts a. tM MORTG:~rE~ may direct; end all fir• end windstorm insurance polties on any e! u:G tai;dings, tarty In1c+Ht therein or part thtrec,f, In fM a~grogale sari aforntald o:' in excea eheraof, shall contain the areal standard mortg-yot clause or wch other crease as the rltiortganei nay require, m+kiry) tM toss under aaid pul~- des, a+ch end every, payable ro said MORTGAGEE a in inttnst may appear, sad each end ovary such policy s:'alt be pro,npt:y ass gn.d end .:aiivrrect ro any held by Bald MORTGAGEE as further security ro utrf rrtortg~s dab', and, not less then hr. (10) days In advance of tM txplratioA of. each policy, to de- liver to sold 1ftORTGAGEE a renewal thereof, togothtr wUh • receipt for tM premium of such renewal; and tMre shall bt no fir• or windstorm inwrorxe placed on any of said bvltdinga, any Interest tMrsin or pare ttwrsof, unless in tM form end with the loss payable as aforesaid; ir•a (n tM •ver.1 any sum of money becomes payable under such policy or policies said MORTGAGEE shall hav tM option to receive end apply the same on account of tM indebted- ness secured hereby or to permit said MORTGAGORS to receive sad va It w any part thereof for other purposes, witlaut thereby waiving or unpair• ing any equity, lira or right under or by virtue of th{s mortgage; and In 1M event aaid MORTGAGORS shell fat any reewn fall to keep the said pramhrs w inwred, or fait to deliver promp''y any of aid polities of insurance to aaid MORTGAGEE, or fail promptly to pay fully any premium tharvfor or in any respect fail to perform, discharge, execute, affect, complete, comply with anti abide by this covenant, or any peat hereof, said MORTGAGEE may piece and pay for such insvrsnc7t or any p+rt thereof without walvinQ- or affectirq any option, Ilan, Equity, or right under or by virtue of thin Mcutgags, and the full amount of each and every auch payment shall ba immediately due and payable end shell bear Interest from the date thereof until paid at the rata of nine per tentum par annum end togrther with such interest thall be secured by the lien of thin mortgage. 4. To permit, commit or suffer no waste, Impairment o•. deMrioration of said property or any part thereof. 5. Yo pay all and singv'ar the costs, charges anti expenses, including a reasonable attorney's fee and costs of abstracts of title, Incurred o: paid at any time by said h10RTGAGEE, becevae or in the event o1 Iho failure on the part of the said MORTGAGOR to duly, promptly end fully perform, discharge, execute, effect, complete, comply with and abide by •ach end every the ntipulatien•, agreements, conditions, ana co•rsnanta of said pr.xnbsory note end this mortgage any or either, and said cosh, charges end •xponsn, each and every, sMlf be lmmrrdiately due anti p+yeb!e; whether or not there ba notice da nand, attempt to collect rr suit pending; end the full amount of tack and every such payment shall boar interest from tht date thereof until paid at the rate of nine par tentum per annum; and oil said urosts, charges and expenses incurred or paid, topethor wirh tuck Interop, tMll be secured by tM lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tM part of tM MORTGAGOR, or (b) In the event any of said sums of money herein: referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) in the avant each and every the st:pclations, agreements, conditions end covenants of said prontitwry not- and this rnryrtgage any or either are not ~vly, promptly and fully performed, discharged, executed, effected, tomplsted, complied with end -bided by, tMn in either or any such event tM said age gregate cum mentioned in said promissory note tMn remaining unpaid, with interest accrued, and ell moneys secured hereby, shall become dw end pey able forthwith, or thereafter, at the option of said MORTGAGEE, as fully end completely as If ell of tM said sums of money were originally stipulated to be paid on such day, anything to said promissory note or In this Mortgage to tM convert' notwithnt.nding; and Iherwpon ec thereafter n tM option of said MORTGAGEE, without ratite or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured Mreby had matured prior to its institution. 7. That in the event that at the beginning of or et any time pending any suit upon this Mortgage, or to foreclass It, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shefi 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 ell and singular tM Income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is Mreby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, anti such Receiver shall have all the broad end affre~vt functions end powers In •nywi:a entrusted by a Court to a Receiver. anti such appointment shall be made by such Court es en admitted equity and a rr+atter of absolute right to aaid MORTGAGEE, and without reference to ns adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, prcfita, income, issues end revenues shall be applied by such Receiver according to the Ilea or equity of said MORTGAGEE and tM practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, affect, complete, comply with and abide by each and every tM stipulations, agreements, conditions and covenants in acid promissory rate end this mortgage set forth. 9. That in the event the ownership of tM narigaged premises, or any part thereof, becomes vtated in a perwn other then tM MORTGAGOR, tM MORTGAGEE, its successors and assigns, may, without notice to tM MORTGAOR, deal with such succeawr a successor in interest with reference to this mortgage and the debt hereby secured in Iha saint manner es with Mortgagor without in any way vltiating or discharging the Mortgagors' liability hero- under or upon the debt hereby secured- No sale of tM premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for +he payment of the debt hereby secured given by the MORTGAGEE or its successors or ensigns, shall operate to release, discharge, modify change or affect tM original liability of the MORTGAGOR htrein, either in whole or in part. 10. It is spec:ticelly agreed that time Is of the essence of this contract and that no waiver of any obligatioi hereunder or of the obligation sr cured hereby shall at any time thereafter bs held to be a waiver of the terms Mreof or of the instrument secured Mrby. i :. Ir, addition to the foregoing monthly payments of princ'pel and interest requhed by the promiswry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by rra:igagea to be equal to 1/12 of the annual cost of the foilow- ing: , A-All real property 'axes levied or assessed against the above deccrioe+i rc:t a:.::a. B-Premiums on fire and windstnrm irnurance as herein required fo be carried on the improvements situate on the above described premises. _ C-Premiums on such mortgage guaranty insurarxe as mortgagee sMlt from time to time deem fit to terry c+n tM ben secured hereby. r,5ortgagee shall from time to time notify mortgagor in writing of tM amount due and payable hereunder and s:.ch sum shall thereupon be duo end payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such a,~ovnt. Such sums shall be applied by mortgagee toward the payment of real property taxer, Insurance prem~vma, and mortgage guaranty insurance premiums. 1, ITNESS WHE ,the said MORTGAGOR has hereunto sit his hand and seal the day and year first aforesaid- aled nd Ilve•e in the presenu of: -~ al) ~ Seel) ,(Seal) (Seal) STATE OF FIORICA 5S. COUNTY OF -g t - . I,ll r` 1 P. _ Before ms penornlly appeared HG'L12'~r G _ F~,1.1 t30n and A1Li® H Elli ~4ori -~ hh wife, to me well known and known to me to bt 1M individuals described in end who executed iM foregoing instrument, artd acknowledged before rat that they sxtsuted tM amt for tM purposes -A~i ~ o Ti F~ ~ i eon therein expressed. And tM said F1 1 j wife of the Bald Het ry G. 801'1 upon a aepante and pries-t exsr~ination by me taken separate and apart from her said husband, acknowledged to and before rat that sM executed said Instrument freely end volurr ter'ly end without any compu!slon, constraint, appreMnsien, or fear of or from htr aaid husband. WITNESS my hand rnd official seal this ~ ~Jh day at . A~.yi~~.,f~.,r~mb"®~ - ~ A. D. 19~L. ~I/ 1 1 ffotary Publk In end for tM State of Fbrlda •t Urgt My Comrriuion txpirts: Return Tor First i ederel Savings ti loan Asaocistion Of.f'pa Fierce. `.`vvvvsC~Np.jf~r~q, Fiwida }~\ ~7 F' - ' i+ l21r~ \s ., ;t . w rrrrt,rt,rt~` .. • ~~ O-a76~ Notf+ry Put:!3o, State of Florida at Largo C~T.*:;ins+on Expires P+Drd 24, 1965 ~~~ (3t' mtKican gt~rety Co. of N. Y. ended;b~,A tI r.{ ° t , ~ ~ , y+ ~ t R©GE~t P©UN ASf~p~i0i S~, L~C1E. C~ •~ g ., ~-