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Home My WebLink About0148 3. To plec~ er.d cominuovnly keep on She build~ngs nnw or he~eefter •it~ats on said land and on all eq~ipT,ent •nd penonally cover~d by this mortg- p~, wifh all Hremiums thereon paid in full, lire +nsurance in the ~s~a1 s~anderd policy fOrm, in e sum approved by the MORfGAGEE, and windstorm Insurance In tM usual s~andard pol~cy form, in • sum +pproved by the MORTGAGEE, in svch company or companies as ~ha MORTGAGEE may dirett; and ?II firo and w~ndstorm inwrance poticies on a~y of seid build~ngs, eny Intero~t tF~ere: i or part thereof, in ~he sggregate sum sforassid or in extrsa thereof, shelt contsin the usuai standard mortgegee ;lausa or ~uth othe+ clau~e ss the Mortgagee may requ~ro, msking rhe loss under ~e~d polh ciss, each and dvery, payable to said MORTGAGEE as its interesr mey appear, and eech and every such po!icy shall be promptly a~s:gned end delivered to sny held by ~eid MORTGAGEE as further tecu~ity ro sald morrqage debt, and, not lrs~ than ten (10? deys in advence of the erpiration of esch polity, to do- liver to seid MORTGAGEE e ranewal theteoF, toqethe~ with a reteipt for the prem~um of fuch renewel; and there thall be no f~re oi windstor~n insuranct pl~c~d un •ny' of seid buildings, sny in?erasl tharein o? pert tharsof, unieu ~n the foim and with the loss payeb!• a~ afor~ssid; and in tha rvant any sum of money becomes payable u~der suth policy or policies taid MORTGAGEE shall havo the op~+on to receive and epply the seme on aceount of the indebted• neu secured hareby or ro perm~t said MORTGAGORS ?o receiva and use it or any nA~r thercof ior o;i,~•~ purF•.oees, .v~iho~t ih>rcu; wa~~i:~~ or ~mpair• Inq any equity, lien or riqht under or by virtue of th~s mortgege; ~nd in the event ~a1d MORTGAGORS shall far any reason fail to keep the said premises to insured, o~ #ail ro daliver prompt~y sny of faid polities of inwrance to sa~d MORTGAGEE, or foil prompt~y to pay fulty any premium there4or o~ in any reapect fail to psrform, distharge, execute, effect, complete, comp~y wi~h and ab~de by thii covenant, o~ any pan hareof, said MORTGAGEE may place and pay fa such inwrence or any part thsreof without waivin9 or affxting any optio~, li~n, equity, or right under or by virtue of this Morrgage; and the full amount of esch and every suth paymanl sh~ll be immediateiy due and payabte ~nd ahall beer inTerest ~rom the date thc~eof until paid at the ra~e ol nint per centum per annum and together wiih such interest ahal; be secured by the lian of thff mortqage. 4. Yo permit, cnmmit w auffer no waste, impeirment or deterioration of said property or any part thereof. S. To pay all and ~inyular the cost~, charges and expenses, including a reatonable sttorney'~ fee and costs of abstracts of t~tle, incurred or paid at eny lime by said MORTGAGEE, because or in the event of the fa~lure on the part of the said MORTGAGOR `o duly, promptly and fuily parform, d~scharge. execute, effed, complete, comply with and ab~de by each and every the stipu~ations, agreements, tonditions, snd tovenenh of seid promissory note and ih~s martgage •ny or eiiher, end said costs, charget a:id expernas, each and every, shell be immediately due and payabfe; whether or not there be norice de~ mand, attompl to collect or suit pending; and the full amc+unt af each and every s~ch payment shall beer inrerest from thc datc thereof until paid at the rate of nine per cent~m per annu,n; and all said cosis, charges and exper.:es irxurred or paid, togeiher w~th wch interest, shall be secured by ~he lien of thu mortgaqa. b. That (a) in the cvent of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b} in the event any of sa:d a~m1 04 money herein referred to be not promptly and fully paid within thlrty (30) days next afrer ahe same severatty become due and payabte, withoui demand or noiice, or (c) in the even: eech and every the slipulations, agreements, conditionf, and covenenrs of na:d promisso~y nrne and th~s mortgage any or either ere not ~u1y, promptly and fully performed, d:scharged, execvted, effected, co~npEated, compGed with end ab:ded Sy, then in e~ther or any such eve~t the said ag~ gregata sum mentioned in said promissory note then remaininq unpaid, with inte~esl accr~ed, and atl moneys secured hereby, shall become due and pay- abfe forthwith, or thercafter, at the opr;on of sjid MORTGAGEE, as fully and completely as if all of thr satd sums of money were oNgir,ally stlp~iated to be paid on such day, anything in sa~d promissory note or in th~s Mortgaae to the contrary natwithstanding; and thrreupon or ihere3fter at the option of •aid MORTCaAGEE, without notfce o~ demand, suit at law or in eq~iry, therefore a! thereafrer begun, may be prosecute~ as if all money~ secured hereby had matured prwr to its instiiution. 7. That ?n fhe e~vent that at the beginning of or at any time pend~ng any s~it ~pon ihis Mortgage, or to forectose it, or to reform it, or to enforce payment of any claims here~nder, said MORTGAGEE shall apply ro the Court having jurlsd:ction thereof for the eppa~ntmer.t of a Receiver, suth Court ahall Forthwith appoint a receiver of said mertgaged property all and singular, includ~ng all and singular the incorr~s, profits, iss~es er.d revenues from whatever tourte Cerived, each and every ot wnic~, rt oeing expresaiy ~ndersrood, is nere'vy rrw~~yayeu aa ii sNCGiiiel~y ari ia+ci~ enu de:critcv ir i~~ yranv~ny :r.~. habendum clavsea hereo4, ar.~+ svch Recs~=~r s~a'E have a~! the br~ee~ and ef?ecr:ve t~^c~:o~s an~ cr,v.e-• in anywisc en+~vs!ed 4y a Cov~t to a Rete~~er: nnd such appointment shall be madr by suth Court as an admitted equity and a matter of abso!ute right to said MORTGAGEE, and wirhovi reference b the edeque:y inad?q.~ac; ~f !ho va!ue of the proprsty matqagrd or tn thw ~nwency or ~nsolNency a! aaid MORTGAGOR ot the defendants, and that such rents, profiis, in<ome, iswes and revenues shall be applied by such Receiver accord~ng to tFe lien or equ~ty of said MORTGAGEE and the practice of such Court. B. To du!y, prompfly ar,d fuily perform, discharge, exec~te, effect, complete, cumply with and abide by each an~+ every the :tipu~ations, agreements, tondirions and covenantx in sa~d promiasory nota and this mortgage set forth. 9. That in the event thr ownership of the mortgaged premise~, or any part thereof, becomes vested in a person other th~an the h10RTGAGOR, the MORTGAGEE, its successora and assigns, may, wiihout rzoticz ta the MORSGAOR, deat with wch successor or 5~:~~ssor in interest with reference to ihis mOrtgaga end tne debt hereby Setured in the samg manner as wiih Morigago~ without in any way viliating or d~scharg n1 g Ihe Mortgagors' liability herr under or upon the deot hereby secured. No sale of the premises hereby mortgeged and no forbeerance on Tl'ie pert of the /~10RTGAGEE or its s~ccesscrs or assigns and no extension of the time for rhe paymenf of the debt hereby sec~red g+ven by the h'10RTGAGEE or its successors ar assigns, a~~all operate ro release, d~scnarge, modify change or affecr tne orig~r,al t~auility of the MGRiGAGOR herei~, either i~ whole or in par~. 10. It is specificaliy agreed that time is of the essence ci this contract and that no wei~er of any o6ilgar.on hereunder or of the ob!igation te- ct,red hereby shall at any time the~eaffer be held to be a waiver oi the te~ms hereof o~ of the instrument secured herby. 11. !r. add:tion ro the forego:ng monthly paym^n's of prinCpal and in!erest requ~red by the prom'ssery nore secvrzd hereby, mortga~or covenantz _ and agrees to pay to mortgagee with each monthiy payrnent an add:r+onal sum estlr.:ated b~+ mortgagee to Fie equai to 1~2 of the annua! cost of the follow- ing: A-All real propErty tar.ea levied or assessec~ a~ai~st th~ above described re~i esrare. B--Pram~ums on fire and windstorm insurarce as nere~n requ'ued to be .arried on the improvema7ts s:+uate or. the abovr, descrlbed premises. C-Premiun,s on such martg~ge guaranty ir.surar,ce zs mortgagee sha11 frem rme to time deem fit to carry on the loan secured here6y. l,~ortgaaee shail from time to ?ime notify mortgager in writing of tne a~ount due and paya~le hereunder and wch su~r shail thcreupen b~ due and pay~able on tne d~e dare of th= next monthiy payment and eath successive month thereafter ~r.tii mertgagee sha!! notify mortgagw ot a change in such amo~nt. Such svms shail be app!ied by mortgagee rov:a~d t'r.e paymer,t of !eai property taxzs, insura~zce prem:ums, a:~d mortgage guaromy insurance premiums. IN YlITNESS `TJHEREOf, the said MORTGAGOR has hereun~o set his h~nd and seal the day a ~ ear first said. igned, Seal d and d~e ' 'ed ~in fhe presente of: ~ ~ r ~e_~tt.is./LGcR~Gd~ '~al) - - - ' rS.L~ I) -(5eal) , _ _ iSeaq ~ ~~SFATE OF FLt7RIDA 1 COUNiY OF - S ti i~i LC i 8 _ 4 Befofe me personally appesred ~ FZ~'AnK~ i n HE~'I'.~aY end jlB1 pr_ i,~_V _~jg,rY+:i g h~s wife, to me well known ard knovm to me to be the individ~als describeci in e~sd who executed the foregoing instrument, snd acknowtedged before me that they executed the same for the purposea fhereir, expressed. And the said ~1tHl~'~ _ Y__~BI'Z'1$ _ wife of the sa~d _ Fr en.}~]_ in A_ Herri ~ ~ upon a se~arate and privat~e examinetion by mn taken aeparate and apart from her sa~d huabend, acknow{edged to and before me that she executed said instrument freeiy and voiun• sariiy and without any compulsion, consrroint, apprehensio~r, or fear of or from her said hvsbartd. WITNESS my hand and official seal this_.~~ day of_ - ~a,X A. D. 19~ i , ~ Notary Public ' and for 4he State of Floride et larg~ ciCQ ~ A1y Commissi expires: Retum To: P rr. Fint Federal ~arLlya;;~ le~a~ Aswcia!{~1+_ ~ K Ro~fary Pub!'c, St~tO bf F!or'd~ n . ~ ff - ~ Rt LAC~; , D~; Fo ~~/Ig6~ E) , '~t fi'~ ^ ; ii;s, ~ i »T rfff}~f1VJi1 S:i: Y[ „ Foc1•P~erce, Fl a~.~,Y y I~_ 4~ ~ Y . . _J ' ~ ~ ~ ~ , ~ .~.v..~~ . r 1:.) J , - ' ~t9. l~~A~ ~~~RK ~ . ~ _ 'j''~;" ~ . ~ _ j:..~ _ . ~ ~ . . ~ . . ~OJK~~~ - ' ~'T~!~f A . _ - . .4 F -