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HomeMy WebLinkAbout0152 3. To place snd continuousiy keep on the buildings now or hereafter •ituate o~ said land and on a11 equipment end pcno~eily covered by thi~ mortg- ep~, with all p~emiums the~eon paid in full, fire ins~ronce in Ihe u~ual :tsndard polity form, in a sum approved by the MOR(G~GEE, and wind~torm . imur~nce in the usual ~tandard pol~cy form, in a sum approved by the MORTGAGEE, in such cornpany or compa~ics s~ the MORTGAGEE may direch •nd all firo end wirodilorm insuranea poiicies o~ eny nf said buildings, •ny inter~xt therein or pert thereof, in the aflgregete ium •forosaid or In ~xtes~ thereof, thall contain ths usual standard mortgagee clavae or ~uch oiher clause as the Mortgage~ may requirs, maMing the lou under sa~d poli- ci~s, e~ch and avsry, payeble ro said MORTGAGEE ~s it~ interest may appear, and each end every tuch poiicy shall be promptly a~s'gned and delivered to any held by said MORTGAGEE ss further ~etwity to said morlyage debt, and, not fess then txn (10) days in edvance of the expirotion of esch policy, to de- livn to ~~id MORTGAGEE e rerrewal thereof, toQeth~r with • rrtaipt for the pr~miurte of such renewal; and there shall be no f~re or windsiorm insurance plat~d on ~ny of taid bulldingt, eny intereal therein or part thersof, unlcu in the form and wilh the lus~ payabla as aforesaid; ar.d in the event eny sum of money bacomes payable under suth poiicy or policias said MORTGAGEE shall have the optio~ t~ receive and apply the ~ame on account of the indabted• neu securad hereby or ro permit said MORTGAGORS fo recei~a a~d use it or any part thereof for o~i,cr p~rposes~ WIIhUJ1 ih~~eu1 wai~in~ or ~n~p.:ir• inq any aquity, lien or r+ght under a by virtua ot thi~ mortgage; and in 1he evant said MORTGAGORS shall for any reason fail to keep the said premises so insured, or fsi~ to deliver promptly any of aaid policies of insurante to se~d INORTGAGEE, or fail promptly to pay fuily any pre~ni~m therefor or in a~y resprct (ail to perform, diecha~ge, executa, effect, complete, tomply with and abide by this covenant, or sny part hereof, said MURTGAGEE may place and pay fw tuth insurance or •ny part thereof without waivinq or affectiny any option, lian, equity, or right under or by virtue of this Mort9age, snd the full emount of eath a~d every iuch peyment shall be immedi~teiy dua and payabla and shall bcar interest from tha dete lhereoF until paid at the rate ol ' nina par ceroum per snnum and to~ether with auch interest shall be aecured by th~ lien of thi~ matgsge. w 4. To parmit, tommit or suffer no waste, impairment or deterioretion of ~aid property or eny part thereof. S. 1o pey all and sirtguler ihe costa, chargos and expenses, including a reaso~able attorney'~ fee and costs of ab~tracts of title, incurred or paid at any rime by aa~d MORTGAGEE, bctause or in the event of the fallure on the ~art of the said MORTGAGOR fe a~~~;, promptly end fully perform, diecherge, ' execute, effect, complete, comply witfi and eb~de by each and every the stipulations, agreementa, conditions, end covenants of said promissory note a~d this mortyage any or either, end said costa, chargei and axpenses, each and every, shell be immediataly due and payable; whether or not rhere be notice d~ mand, attempt to c~Il~Gt or suil pende~g; and the full amo~nt of each e~d every such paymznt •ha~i bear interest from the date thereof umil paid at the ; rate of nine par centum per annum; and all said costs, charges and expenses ~ncurred or peid, together with such intereat, shal~ be securad by the lien of thi~ mortgage. 6. 7}+at (e) in the event of any breach nf !his Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of ea:d fums of money herein referred !o bo not promptly and fully paid within thirty (30) days nexi atter the aame severelly betoma due and payable, without demand or notice, or (t) in the event each and every the stipulations, agreementi, condifions and covenants of sald promissory nofe and th~s mortgage any'or either are not ~uly, promptty and fully performed, dlscharged, executed, effected, tompteted, compl~ed with and abided Sy, then ~n either or any such event ths sa~d ag~ ~ gregate tum mentiuned in said promissory note then remaining urpaid, with interest accrued, and aIl moneys secured hereby, thall become due and pay able forthwith, or rhereafter, at the option of said MORTGAGEE, as fuliy and completely as if all of the said suma of money were o~iginelly silpulated io be paid on wch day, anything in sa;d promissory note or in this Mortgage to the comrary notwithsianding; and rhereupon or !hereafter at the op~ion of said MORTGAGEE, withoui notice or demand, suit at law or in equity, therafore or ihereafter begun, may be orosecuted as if all moneyt secured hereby had matured pnor to its institution. 7. That in the event that at the fxginning of or at any time pend"ng any suit upon thia Mortgage, or ta foreclose it, or to reform it, or to enforce peyment af eny claims hereunder, aaid M{7RTGAGEE shall apRly to the Couii having j~ri:dic~ion thereof for the appointmenf of a Receiver, auch Court shail Forihwlth appoint a rece~ver o~ •aid mortgayed proprrty a1l and singutar, inuud~ny aI~ and a~nyvtar N~a income, ~,roi~ta, ~ssves and ~eve~~ues irom whate.er wurce derived, each and e~ery of wh~ch, it being expressly understood, is hereby mortgaged as if epecifically eet forth and destribed in the 9ranting and j habrndum tlavses hereof, and such Receirer shall have all the broad and effettive iunct~ons and oowers in anywise emrusted by a Cour1 to a Receiver, ard ' tuch appointment shal! be made by auch Court es en admitted tquity and e matter of absoiute right ro said MORTGAGEE, and wirhout reference to the edequacy or inadequacy of the val~e of the p~ooerty mortgaged or to the sa~vency or insoivency af said MORTGAGOR oi the defendants, end that such rents, profits, intome, issuzs and revcnues shall be applird by such Receiver according to the iien or equity of said A10RTGAGEE and the practice of iuch Court. 8. To duly, promptly and ful~y perform, discharge, execute, effecf, complete, comply w+tfi and ebide by each and every the stipu!ationt, agreenents, conditiona and covenants in sald promissory note and this mortgage set forth. 9. 7hat in the cvcn} the ownership of the mortgaged p.emisas, or any part thereof, becomes vested in a pcrson other lhen the MORTGAGOR, the MORTGAGEE, iri succeuors and assigns, may, without notice to the MORTGAOR, deal with such s~tcessor or ~uccessor in interest with reference to th~s mongage and the deb~ hereby sacured in the same manner as with Mortgagor withow in any way vitiating or d~scharging the Mortgagori liability here- under or upon th? debt hereby secured. No sale of the premises hzreby mertgaged and ~o forbearance on the pan of the MORTGAGEE or its successors or assigns and no exTension of the time for the payment of the debt here5y sec~red given by the h10~iTGAGEE or its auccessors or assign~, ahall operate ~o rolease, d:ccharge, modify change or affect the original liabil~ty of the MORTGAGOR herain, either in whole or in part. 10. It is specifically agreed that time is of the esxnce of this tontiact artd thet no waiver of any obligaeion hereunder or ef the obligation se- wred hereby shall at any time thereafter be held to be a waiver of the terma hereof or of the instrvment sewred herby. 11. !n addirion to the iorego'ng monthly payments of princ'pa~ and interest required by the prom~ssory r.o!e secured hereby, mortgagor ccvenants and agrces ro pay to mortgagee with each mor.thfy payrnent an add~rional sum estln,ated by mo~tgagee to be equa! to 1~'12 of the annua! cost of the foliow- ing: A-All real property tax~s levied or a;sessed aaair~st the above described real estate. ' B-Premirrns on fire and windstorm insuracce as herein requ~red to be carri~d on the improvements s~tuate on the above described p~emises. C-Premiums on such mortcage guaranty insv~ance as mortgagee shal! from t~me ro time deem fit to carry on the foan secured hereby. _ , Mortgagee shai! from rime to t~me no±ffy mongagor in writinq of th- arnov~t due and payable hereunder and such sum shall therevpon be due and - payab!e on the due date of the next month'y paymer,t and each successive month theiea4te~ ur,ti! mortyagee shall noti~y mortgzpor of a change in s~ch amo~nt. Such sums shall be app!ied by mortgaGee toward fhe payment of real property taxes, insura~ce prem;ums, and mortgage guaranry insuronce premiums. IN VJITNESS 1NH.REOF, the said M~RTGAGOR has hereunto set his hand and sea! the day and y _first aforesai Signed, Sealed and delivrred in ihe presence of: ~ " (Seal) ~(Seel) ~ _ „ .:ir;;• Seal) E + ' • -.r ~ • t ' ATE OF FLORIDA ~ y ' 55. , COUNTY OF _ St . L12C ~@ ' . j ~ : ' Before me personally appeared ~i@C~~ T~ri@,I' :'r - end ; Helen A~ma T;,~ner his wife, tu me well knowfva+id~kr~awnta'~ife,to de; Ih~ individuals destribed in and who executed the foregoing instrument, arsd acknowledged before me that they axecuted •Jh~`i},asr~e~ for~~tt%,pvrpose~i en Alma T ner therei~ expressed. And the said ~_____~.Q...~- ~ - wife of ths aaid •vpor+~8~/pp~itt~tand'~private i exam~nat~on by me taken separate and apart from her said husban , acknowledged to and before me tl~at she ezecuted said instrument frqaty and volun• ~ tarily a~d without any comp~lsion, constraint, apprehensior~ fear of or from her said husband. L ! WITNESS ny hand and effitial seal thls_ I~ day of Ma A. D. i9~'~ ! i ~ ~ Notary Public end or the Siate of Florida +~t Large IJ1y Comm~ss' expires: Retvrn ?a: First F~c{Rlei Savirq~,& loan Associ~t;on F~l N~ R~i`~Q~~ ~ Nofary Pub!`c, S±ate at F1or~C~a , r~ M Comm ; U; 6~ O#~Fdr~;.hy~ce. 1N 8.~~ y ss:_r. .~sL. I9fi7, ' ''f'ort~ Pieitg ~F7Dii~a C7k~ BOfIuOG By ~f~~.;~.Cd~ SU~bi~ :;0. Of Ya ~ s 1 , c fl ' ~~~1 1'W ( ~ f PTt ~ ~ J l ~ _ ~ - - a a s•:{ W~ ~ IMT~'OFF'L.~~~~Fii F; . ~ ' C! _ TAMp SAX ~ ~ ~3 ~ _ e a..3 i ~ ~ ~ ~ R4GER POiT~i~R~, ~~~RK o tNr~~~s` ~ ST. LUC{! COUN'TY~ y c, = I 3 2 0~ f W RIDA c'w.,PrRO~~a _ _ P.B. i so i sa ~~QF~ w Rl1nr~~~ ~vV . .