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HomeMy WebLinkAbout1503a.R. 5~. ~~.~r~39 am K 9. To place ant; continvovsly keep r+n tM buildings crow a' hereafter sitwro on said land end on all equipment end perwnal!y covered by this mor!g- a;te, v: dh all premiur.it tharoon paid In full, (in Insurance '.n the uiual" standard policy foam, fn a' wm approved by the MORTGAGEE, end windstorm insurs.re i,~ s!se uwal standard policy form, In a wm approved by the MORTGAGEE, In tu•.h company o(_ companies as the MORTGAGEE may direct; and alt fire •nd vvindtWrm Iruurance policlea on say of said buildings, any Toreros! thereto or part th-rc:.T, h the aggregate wm aforesaid or In excess thereof, shall contain the usual atarxfard trtortga~e chug a such otMr clause es the Mortgagee may require, making 1M !eas under acid potF ties, each sod every, payable to sold MORfG.4GEE ss its interest may appear, sod each and every such polity atoll bs prarptly us:gned and deiivereQ'to any hard by seid MORTGAGEE os further tecvrity to said mwtgape debt, and, not lea than ten (10) days In advance of the expiration of esch poficy, to do- liver to aeld MORTGAGEE a renewal thereof, together with a receipt for the prtmlum o! such renewal; end there shall t,e nn firs or windstorm insurance pieced on any of raid buildups, any Interpt tMrain or pert thereof, unlea In the form end with tf+e loot pavsble as sforesaid; end in tM event any sum of money betomes payable under such policy or policies seid MORTGAGEE shall hsve rho option to rete~ve arxf apply the same on account of the indebted- ness secured hereby or to permit sold MORTGAGOR$ to realve and uN Ft or any part Ihe~eof for other purposes, without thereby waLL,g or m,psir• Irg any equity, lien or right under or by virtue of this mortgage; and in rtes event seid MORTGAGORS shell for any reason foil to keep the Paid premises so insured, or fail to deliver promptly any of said policies of Insurance to acid MORTGAGEE, or fail promptly to pay fully any premium therefor or in eny respect (all to per(Orm, discharge, execute, affect, eomplets, comply with end abide by this covenant, o: 'any pert hereof, said MORTGAGEE may plac~and pay for such insursnce or my part thereof without _waivlrp or affecting eny option, lien, equity, or right under or by virtue of this Mortgage, end the full smount of tech and every such payment shell M immediately due end payable and shall bear interest from the date thereof until paid at the rate of nine pot centum per annum and together with such interest shall be secured by rtes lien of this mortgage. 4. To permit, commit a wffer no waste, Impairment w deterionNon of said property er any part thereof. 5. To pay all end singular the costa, charges acrd expenses, including a reasonable attorney's fee and costa of ebsrracta of title, Incurred or paid at any time by said MORTGAGEE, becauto or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said cwts, charges and expenus, each and every, shall be immediately due and payable; whether or not there be notice d.' mend, attempt to collect or avit pending; end the full amount of each end every such payment shall bear interest from the date thereof until paid at the rare of nine per centum par annum; and all seid costs, charges and expense: incurr•rd or paid, together with such interest, shall ba secured by the lien of this mortgage. 6. That (a) in the event of eny breach of thin Mortgage or default on the pert of the MORTGAGOR, or (b) in the event eny of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the lama severally become due end payable, without demand or notice, or (c) In the event each and every the stipulations, agreements, conditions and eev~nants of said promiasor~a-aete and this mortgage any or either are not duly, promptly end fully performed, discharged, executed, effected, completed, complied with end abided by, then in either or any such event the said ag~ gregate .sum mentioned in asld prpmiaaory pots than remaining unpaid, with interest accrued, and all rnoneya secured hereby, shall become due and pay able forthwith, or thereafter, at the option of raid MORTGAGEE, as fully and completely es ii all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory Hots or in this Mortgage to the contrary nohwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may ba prosecuted e- if all moneys secured hereby had matured poor to its institution. 7. That in the event that at the beginning of or et any time pending any suit upon Chia 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 thereo( for the appointment of a Receiver, ouch Court shall forthwith appoint a rece~ver of said r..~:tgaged property all end singular, lnclud~ng all end singular the income, profits, issues and revenues from whatever source derived, each end every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting end habeidum cievses hereof, one' such Receiver shall have all the broad and affective functions and powers in anywisb entr,sted by a Court to a Receiver, and such appointment shall be mega by such Court as an admitted equity end a matter of absolute right to raid h10RTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MCRTGACOR or +he defendants, and that such rents, profits, income, issues end revenues shall ba 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, eNect, complete, comply with end abide by each end every the stipulations, agreements, conditions end covenants in said promissory note and this m~rtgrge set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and sssigns, may, without notice to the MORTGAOR, dart with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner es with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged end no forbearance on the pert of the MORTGAGEE or 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 or assigns, shall operate to release. discharge, modify chan(re or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It !t specifically agreed that time is of the essence of this contract end that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time there ricer be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of print"pal and interest required by the prom'ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1;12 of the annual test of the follow- ing: A-A!I real property taxes levied or assessed against the above described real estate. B-Premiums on fire &nd windstorm insurance at herein required fo be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount clue and payable hereunder and such sum shall thereupon be due a:,d 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~;,ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, end mortgage guaranty ,nsura nee premiums. IN Y~ITNE$S WHEREOF, th said MORTGAGOR has hereunto set his hand and teal the day and year first aforesaid. $; Tale el in th pre once of: ~ ' Seal) (Seal) - (Se a I) (Seel) STATE OF FLORIDA ~ • 55. COUNTY OF ~.Zl.t+-I'1TRj 8 , Before ms personally appeared Cr ]~a ~'rrAltt92'S and Alli~Ce Ka Wa~-t82'8 hit wife, to me well known and known to me to be the individuals deauibed in end who executed the foregoing instrument, and acknowledged beforo me that they executed the same for the purposes therein expressed. And the selrf / AllieCe K° Walters wife of the said ~ \IS Ba Walt9r$ - upon a separate and privets examination by me taken separate and apart from her said husband, acknowledged to end before ma that she executed said instrument freely and volun- tarily end without any compulsion, constrelnt, apprehension, or fear of or from her said husband. ~~ ..yy WITNESS my hand and official seal thin- •~ ~~ day of- NOVESIT11J9 /~. D. 19_52_ ,'~~` /`•:~ °,;;,V ~~, rrr Notary Public Ina for t e Scats of FI da at large ~` •. •~ ., ~ . ~'•. V My Commission pirt . L, : ~10't'A R }~ I>tit~f p~Dt Rotary PuW',/Slate of flerida at large ~ T~r iaderN S{xks;to b ~Osn Association ~ My Commission E><pi(es lrtn. ~4, 1964 ,~~~;,~,~Fo;t Piffice. ~-~83~ t sa fire d Crt,.try s:o, ~. ~ For ejerief; Florida ~"~~•••": - ' ~; ~ ~ v ~ ~ t • ~ FILED AND RECJRDED - `~ '~c~~ . ~ ` t~ • ,r , - _ ~ ~. 196t DES -3 AM I I: Sg ~ ~ ri . J ROGER POITRAS CL J •.V;' ~ ` _ ...4- &T. lUClE COUNt~, FLORR04 ~ .~ "•~ - ~~/ , _ . .