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Home My WebLink About1507~ORK ~1i F~;f ~~J 3. To plan •nd cantinucwsly keep on tM buildings now or hereafter rtuata on uid lend and un all equipment and personally coverod by this mortg- age, with all pramiuma thartoa paid In full, firs insuranu in 1M usual standard polity form, in a cum approved by 'the MORTGAGEE, end windstorm imurance in 1M vwaf stsr,Card policy form, in a sum approved by the MORTGAGEE, in wch company or companin as tM MORTGAGEE may d'uect; end all fire and windstorm imurstxs policies on any of said buildings, any IntareN therein or part thereof, in tM aggregate wm aforesaid or in excess iherwf, shall contain the uswl sNndard mwtgagae clause or wch other clause es the Mortgagee may require, making the loo under aid poli- cies, each srsd every, payable ro sold fr10R1GAGEE as its interest may appear, and each and every such policy shall be promptly •u grad and delivered to any Mld by seid MORTGAGEE •a :urlMr security to said morlgaQa debt, arid, cwt lass than ten (10) days in advance of the explratlon of •ach policy, to de- liver to said MORTGAGEE a renewal tMreof, tug~tMr with a receipt for the p:emisnn of wch renewal; and there shall be no f'u• or windstorm Insurance placed on any of said buildings, any Interest tf,erein wpart thereof, unless in tM lorm and with the loss payable as eforetafd; and In the avant any sum of money becomes payebl• under •uch policy or policies said MORTGAGEE shall have the option to receive and apply the tame on account of the indebted- ness secured Mreby or to permit said MORTGAGORS fo roceive and use It w any part thereof for other purposes, without thereby waiYrng pr unpa~r- ing any equity, lion w right under w by virtue of this rnwtgagsr and In rho event said MORTGAGORS shell for say reason fail to keep the seid premises so insured, or fail to deliver promptly any of said policies of Insurance to raid MORTGAGEE, or foil promptly to pay fully any premium Iherafor or in any respect fell ro perform, discharge, execute, effect, como'ete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may plac•a and pay for wch Insurers or ^ny part thereof without waiving or afftcting any,option. lion, equity, or right under or by virtu• of this Mortgage, end the full amount of each and ovary such payment shall be immediately due and payable and sf all bear interest from the date thoraof until paid at the rate of nine per centum per annum and together with such interest shall be secured by the lien of ihit mortgage. <. To permit, commit w suffer no waste, Impairmsns w deteti,ration of told property or any pert thereof. 5. To pay all and singular the costs, charges end expenses, including a reasonable attorney's fee and costs of ebstrects of title, incurred or paid et any tim,,• by seid MORTGAGEE, because er in the event of the failure on ttie part of the raid MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, ag:eementt, conditions, and covenants of said promissory note and this mwtgage any or either, end said costs, charges and expenses, each and every, shall be immediately due and payable; whether w not there be notice do- mend, attempt ro collect or suit pending; and the full amount of each ar.d every such payment shall bear interest Irom the date thereof until paid at the ra+z of nine per centum per annum; and all said costs, charges and expenses incurred or paid, Together with such interest, shall be secured by the lien of this mwtgage. h. That (a) In the event of any breach of this Mortgago or default on the part of the MORTGAGOR, or (b) in the event say of said sums of money herein referred to be not promptly end fully paid within thirty (30) days next after the tame severally become duo and payable, without demand or notice, or (c) In 1M avant each and eatery the stipulations, agreements, conditions and covenants of said promissory note end this rnortgege any or either are not fuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either or any such event the said ag- gregate cum mentioned in said promissory note than remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as i( ell of the said sums of money were originally stipulated fo be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demsnd, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if alt moneys secured hereby had matured pave to its imtitu:ion. 7. That in the event that at the beginning of or at any Lima pending any suit 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 end singular, including al; and singular the income, proiirs, 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 Mve all the broad and effecri•ve functions and powers in anywise entrusted by ~ Court !o a Receiver, and such appointm,znt shall be made by such Court as an admitted equity and a matter of absolute right to said MORT ~AGEE, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and 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 practice of such Court. B. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenanu in said promissory note and this mortgage 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 MOV.TGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the dei,t hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under cr upon ri Debt hereby secured. No sale of the premises hereby morigag~,i and no .orbearance on the part or the MORTGAGEE or it, successor or ensigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shell operate to release, discharge, modify change or effect the original liability of tM MORTGAGOR Mrein, either in whole or in part. 10. It is specfiully agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured heresy shall at any time thereafter be held to ba a waiver of the terms hereof w of tM instrument sac'urad Mrby. 11. In addition to the foregoing monthly payments of princ'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 fr; mortgagee to be tgval to l~ 12 of the an~iual cost of the follow- ing: A-All real property texas levied or assessed against the above described reel estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on ttre above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time tc time deem fit to tarry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount duo and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in su:h amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty rnsurance premiums. ~ - IN YlITNESS 'NHEREOF, the said MORTGAGOR hat hereunto set his hand and seal the day and y r first aforesaid. / Signed, Sealed and delivered in the presence of: / s/ (Seal) A99 U Ass __, C 8 -(Seal) / ~ ~ .~.~`'et~st r~~ ~!~ (Seal) d e ss _ ~E~n~i c J e csaal) STATE OF FtORiDA ) i} SS. c~uNTY of ~Ai nt i.TTCie Before me penonaily appeared ~'11~Pn~ R_~~`hi g and L.i 1 i An Hi t:Chi t3__ _ his wife, to me well known and known to me ro be the individuals desuibed in and verve executed the foregoing instrument, end acknowledged before me that they executed the same for the purposes therein expressed. And the sold T i l l i An H~ tnhi a wife of the seid R'T?gf311A Rt t:(`h'LA upon a separate and private examination by me taken separate end apart from has said husband, acknowledged to and before me that she executed seid instrument freely and volun- tarily and without any compulsion, constraint, appreMnaion, r~ar of or from Mr said husband. _ ~1 ~ A. D. 19 WITNESS my hand end official seal this ~ ~~ -day of -~ Notary Public in and for the Stara of Florida a large ....,`\~ qr .. My Commission expires: ~~ ~ ~ ~ /r D .)s ~~rt~~jst!•;. $avfs~,~•sp+sa,Association I J ~ C fo`I~je~ce,;igorida _ 4_ (~ r ~,•.., ~. ~~~~pp ~p R f Ih ~0~fi ~a-_ r RTMe~co~~a~~ - RK 1961 D>~'C -3 AI`1 I I: 56 ROG R P01?RAS, CLERK ST. LU~I~ COUNTY, FLORIDA ~ :~ .' ~ , . -~~:J I ~,f ,pf r ,~:...... ~ . - 'sr - - r'rr,r„r ' w~ , ~> ~ ~~~