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Home My WebLink About0113 3. To place end continuausly keep an the bui!dingi now or hereaker s~Nete on said land a,~d on sll equipmeM and penonally cove~ed by thi~ mortg- •y~, with sll p~emiums thereon pa~d in fuli, fire inswance in Iha usuai atandard pol~cy form, in a svm rpproved by tha MORiGAGEE, and w4ndstorm inturance in the uiua{' ~randard pol~ty form, in a sum approved by tfie MORTGAGEE, in ~uch company or c~mpanies as the MORTGAGEE may diract; end all f~ce and w~ndstorm insurante pal:cies on eny o4 snid b~ildings, eny Interost therein or put thereof, in the a9g~egats aum aforesaid o~ In exces~ Ihereof, ihali cohtain the uxuai ~tandard mortgdgee c~ause or such other clause the Mer;yagee ma~ requrte, making rhe los~ undrr sa~d po~+- tie~, ea<h snd every, payeb~e to aaid A~ORiGAGEE a~ it~ interest may appear, and each and every s~ch pol~cy sha~l be promptly ess:gned end delivered to arsy held by taid MORTGAGEE is f~rther security ro said mortgage debt, and, not less than ten (10) days in advance of tha expir~tion of each policy, to ds- liv~r ro said MORiGAGEE a renewal thtrsof, toya~her with e roceipt far the premium of wch renev::!; ~^d there shall 6e no fire or w~ndsto~m insurance placed on any of seid buildingy, any inteieat therein or part thereof, unlesa in the form end with the loss payable as a4oretaid; end in the event any ;um of money becomes payable under sucn policy or polfcies said MORTGAGEE shall have the option to rece~ve and apply tha ~ame on atcount of tha indebted- nefa secursd hereby or ro permit said MORTGAGOR$ to reCeive and ustr if ot any part the:cof for ocl,:~r Nur~oses, .~.~ti,o~t ih~r,o~ wa~ving cr ~~~,pair- ing any eq~~iry, lien or right under o~ by virtue of ihis mo:tgage; and in tF.e event sa~d MORTGAGORS shall for ~ny reason feil to kPtp the ~aid premises so insured, or fai) to deliver promptly any of said policies of insurance ro aeid MORTGAGEE, or fall prompt~y to pay fully any premi~m therefor or in any respect fail to p~rfa.m, discharga, exocute, effect, comple~e, comply with and abide by rhis covenant, or any part horaof, xaid MORTGAGEE may pt~ce and pay for wch insvrance or any part thQreot without waiving or affectinq any option, lien, oquiry, or riyht under or by virtue of this Martgage, and the full amount of each snd every wch paymem shall be imimdiately due and payable •nd ~hall bear interes~ from the date thereof until paid at tne rare o1 nine per centum per annum and together with such i~terest shaii be secured by the litn of th~i mor~gage. 4. To permit, mmmit or suffer no waste, impairment or deterioration of sa~d property o~ eny part the~eof. 5. To pay e!I and singuiar the costs, cherges and expenses, incl~ding a reasonable atto~ney's fee ar.d costs of abstracts of tiile, incurred or paid at any time by said MORTGAGEE, brcavse m in tha event of the fa~lure on the part of ihe said h10RTGAGOR to d~ly, promprly and f~lly perfonn, d~scharge. execvte, effect, tomplete, tamply with and eb~de by each and every the stipulatrons, aqreemants, wnditiant, and covenents af sa~d promissory nota and this mortgage any or e~rher, and said costs, charge~ and expenses, each and every, sha~l be immad~ate~y due and payable; wherher or not there be notice dz mand, atternpt to colled ur suit pend~ng; a:~d the full amount of each and every such payment ~hall bear interest from the date thereof until paid at the rate of nine per crntum per annum; ane~ ail said costs, cha~ges and expenses irxu~red or paid, together w~th svch ime~est, shall be sec~red by the lien of lhis mort~ag~. b. Thai (a) in the event of any breach ef thia Mortgage or default on the part of the MORTGAGOR, or (b) in the event eny of satd a~ms of money herein rcferred ro be not promptiy end fuily' paid within th~rty (30) days next after the same severatly become due and paya~le, withovt demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenanes of sa.d promissory note and th~s mortga~e any or either are not ~ july, pramptly and fuily performed, d:scharged, exec~ted, effected, co~np!«!`~, cempGed wifh end ab~ded Sy, then in either or any such event the said ag- gregate tvm mentioned ;n said prem:ss~ry note then remaining unpaid, with imerest accrued, and alt moneys aecured herrby, shall beccme due and pay able forthwith, o~ rheroafter, at the option of sa:d MORTGAGEE, as fully and completely as if all of t'ie said sums of money were originally st~puleted to be paid on suth dty, anyihing in ia:d promissory note or in this AM1ortgage to ihe contrary notwithstanding; and thereupon or fhereafter at ihe option o4 iaid MORTGAGEc, witho~t not~ce Qr demand, suit at law or in equity, therefore or thereafrec begun, may be prosecuted es if all moneys secured hereby had mat~red prior to its instit~tion. 7. That in the event that at the beginning of or at any Time pending any suit upon this Mortgage, or ro~arxicse it, or to reform it, or to enforce paymeni ei a~y cieims hzreunder, said MORTGAGEE shai( apply to the Court having jurisd~ct~on therecf for the aouointmeM of c ~cceiver, s:;ch Court shail Forthwith appoint a receiver of said mortgaged property all and singuler, inc!ud~ng all and s~ng~lar tne ir.come, prof~ra, issues and reven~es from whatever source derived, each and every of wh.ch, it being expressly unders~ood, is hereby morrgaged as if spec~ficaliy set forth end described in the granting and habendum clsuses hereof, and such Receiver shall have all the b~oad and effecuve funcf.ons and pov;ers i~ anyw~se entrusted by a Court to a Receiver, and wch appointment shall be made by such Court ~s an adm;tted equity and a matte~ oi absol~te rigM ro said MORTGAGEE, and wllhout reference to the adequaty or inadequaq of the value of the property marrgaged or tc rhe so~venty or insolvency of sa~d MORTGAGQR or the defenda^rs, and that wch rents, prefits, income, ixwes and revenues shail be a~p!~ed by such Receive~ according t~ the lien or equitv oi said MORTGAGEE and the practice of such Court. 8. To du!y, promptly and fully perform, d~scharge, axecute, effect, compiete, comply w~th and abide by each and every the at~pulations, agreaments, co~ditiona and cavenants in said promissory nore and this mortgaye set forth. 9. That in the event the ownership ot the mortgaaed prem~se:, or any part thereof, b_comes vested in a persan other t~an the MORTGAGOR, the MORTGAGEE, its successers and assigns, may, wirhout notice to the MORTGAOR, dea! with wch wccessor or si.ccessor in interest w+th reference to this morrgage and the deot hereby sewred in ihe same mannzr as with Mortgagor without in any way vir;a+ing cr d~scharging the Mortgagor~' iiability her~ under or upan the de6t hereby secured. Nu sa!e of the prer.,ises hereby mcrtgaged ard ro fcrbea~ar~z on rhe part of the MORiGAGEE or` its successers or assigns and no extension of the time for the payment c! tne debt h~reby setured gven by the IJtORTGAGEE or its successors or assigns, ahall operate lo re!ease, dis:harge, modify change ot aEfect the o~ig~nal liau:Irty of the MORivAGOR herein, either in whole or in part. 10. It is spe:~ficaliy agreed that time is of the essence of th~s contract and that r.o waiver nf any obf~gat~on hereunder or of the obligation se- ct,red hereby sha!i a' any time thereafter be ha!d to be a waiver of the terms hereuf or of the instrument sewred herby. 17. In add:i;c~ to the forego'ng month!y paymzn~s oE prinCpal and irterest requirad by the prom:s:cr/ ro!e setured h~>reb„ morigagor eovenants and aarees to pay to mortosgee .~i!h each mcntnfy p~yr :ent an add~rional s~m es!~mated by mortgagee ro be equai to 1, 12 of tl:e an;wal cost of the fo~low- in~: A-All real property taxes levied or assessed apaiost the above described real esrate. B-Pren•.iums on fire ard windsrorm insurarce as here~n requ;red to be cairi~d en the imrrovements sitvate on the above described premises. C--P~e:nlun•s on wth mort~aye g~aranty ir.surar:ce as mo~tgagee shal! frcm Yme ~o tir~e deem fit te carry on the luan secvred hereby. Morrgagee sh3!I from t;mr to tlme r.orif~ mcr ;agor in wnting of the a~rov~it duc and payable her>unde• ar.d svch su~n shaif thereupon be due and payah~e on the d~e dat~ of the eext mc~nt;~iy paymeni ard each successive ~onth tFereaft~r ur.tii mortgagee sha!I not;fy morrc~agor of a[hange in such amo~nt. Such sums sFa:l be app".ied by mortqag.•e ro~ard the paymeni of real property taxes, insurance prem:~mi, and mor~gag._ guaranty insurance premiums. Ih WITNESS '."~HEREOP, the sa~d MORTGAG~R has hereunto set his har.d and scal the day and year first aforesaid. 5 et1 an~tivered +y~' he rp/ence of: (Seal) ~ _ (Seal) ' _ (5eal) E _(Seaq f ~ STA7: O~ FIORIDA u. ~ COUN7Y OF ~~in~ Luci e ~ ~ 8efore me personally appeared C~"1F3q~:P~Y'' L__ T}1A~Af!1CAT' _ _ and ~20T1fl K ~1~ aeker his wife, to me we!I known and known to me to be the individuats described in and who executeci the foregoing instrumert, ard ackncwledge~ beforz me ihat they executed the same for the purposee I,BQI')A_ K ~'lB~fiCkBP _ therein expressed. And the said .a wife of rhe said (~h~*atar T._ Tha],a~er upen a separate and private exarninatton by r,~e taken separate and apart from Fer said husb nd, a<knowtedged to and before me that she executed said inatrument freely and volun- tarily and without any computsion, conatraint, apprehertslon, ~ar of or from her snid husband. ~ ~ WITNESS my hand ard offic~at seaf this_~ _ day of _ A. D. 19 y3 ~ ~ ~-L- / ~~otary Public in and for the State of Fiorida et Large • ~y n h1y Comm~ssion expires: , ~ Return 70: Fj~ED w1~V REC ROED hotary rub!~c, St::te of F'~o~,~~~'• ,•,i ~..g~~ h~y Comm.ss on r-x:. res iJov. 3~ 1955 First ~ederal Savir.ys 6 Loan Assoc~atian /y~l, `Li~ ~p~~'~+-~ O O K A,mencan 5urety ~o. or P~, Of fo:t P~eres.. \ ~-a~±c. Bonded bY forZ 'Ci€~rc~, F!diida 5 .e,~C; , - ~~~j.•'~-,tl~~u~r4,~~lr~ _ ~U~ t•:+~'~ ~ 7 t~t19 - _ ` ;"r ' ~ r~` v~i~?~ Q~f, ti . . ~ . . / R _ • f - _f _ t_j~t} _ , .+~c ~ ~ . . _ ~ - _ ROGEf~ P~iTR:;:~. CI.ERK ,~~''~,7.~ `l,; ~ . , ; ST. I.UClE COUNTY . ~ ~ . . FLORIDA ~;r;••.....;~~ ` " , . - ~~oK118 ~.1 ~ ~ _