HomeMy WebLinkAbout0419 3. To piac: and con`in~ous!y !eeep en ~ha b~~~ .i~nge ~;cw ~r her~•afier a~tuaTe en sa;J and ~~i o~ .e„ ey~:r ~i~~~u ~i F,~••s~~,~ ,-~.~trd ~y ~n:s mony
ege, with ell premiums thereon pa:d in full, i~r~ ine~~iance in the ~~ual s~ondmd polity form, in a su~n approved by the h10K~'"v.~GEc, a~~d windsrorm
insurance in the uwal s~anslard pol~cy forrn, in a s~m approved by ~he MORTGAGEE, in wch company or compan;es as the MORTGAGEE may
direct; and all fire and w:ndstorm inwranca polic~es on any of said 4ueld~ngs, eny interest thareiri or part thereof, in the aggreg~re sum afare~aid or
in extas~ Iheroof, ihall contain the usual standard mortgagee dause or such vihe~ clause aa the Mo~tgagee rnay requ;re, makiny the loss under fa~d Noli-
cies, each and every, payab!e to said MORTG~GEE as ~ts ini~rest may appear, and each end every such po'ic; shs'I be promptly assgnzd and de~ivere~ to
any heid by aaid MORTGAGEE as furthar aecurity to said mortgage deot, and, not Iess than ten (1Q) days i-, advance of the expirat~on of each policy, to de-
tiv~r to iaid MbRTGAGEE a renewal thereof, toye~har with a receipt for the prrrn~um of su:h renawa•; a~,d thare shall ba nc f~re or WIIlCj51O~T insurance
pls~ed on •ny of said buildings, any interest theroin or pert thereof, unless in the fcrm and wifh the toss payabte il3 afc~esa~d; and in the event any wm
of money becomes payable under wch policy or pol~cies ea+d MORiGAGEE shall have the opt~on fo reca~ve and opply the ~a~ne on acco~.~t of the indzbted•
ness aecvred hereby or to permit ~aid MORTGAGOR~ ro receive and use it or any p~rt thereof tor o~~~:~ ~:ur,.os~•s, ~•::iho~t ~h_~~u; .ti~~r~~~3 c~ ~~~~P~~'-
i~g any equity, lien or right unde~ or by virt~e of thia m~r.yage; end in iht eve~t said MORTGAGORS shall for any reason fail to keep the sa~d promixes so
insured, or feil fo deliver promptly any of said po~~ues of inwrante ro said MURTGAGEE, or i~ii prornptly to pay f~ily any pre~n~om therefor or in a~~y
ro~pect fail to perfo~m, discharc~e, execure, effecl, completr, compiy wiih and ab)de by th~s covenant, or any pa~t hereef, said MORi~,raGEE may p~ac~ a»
pay for such insurance ar any part thareof without waiving or affecting any option, lien, equity, or r;ght under or b~ virrue of th~s Morrgage, and the
full amount of each and every such paymrnt shall be immediately due and payable and shall bear intrra3t from thv date thercof un~ll p~~d at the rare o!
nine per tentum Fer annum and to~ether with sucn ~nterest shaii be secured by the lian of th~s mortgage.
4. To pe!mit, cammit or suffer no waftr, impairmz~t or detef;oration of ~aid property or any part thereof.
5. to pay all and singular the coets, chargea end expenses, in;l:,ding a reasonaSie attorney's fee and costs of abst~acts of tifle, incurred er paid a~
eny time by said MORTGAG.E, because or in the evant of the fa~ture on tha part of the said MORTGAGOR to d~ly, promprly and f~lly perform, d~scharge.
exec~te, effett, comp~ete, canply w:th and ab;de by each end every the stipulatl~ns, agreements, cond~!ions, and covenents of said prornissury note and rhls
mortgage any or e~ther, and sa;d cosrs, chargea and expenses, each and e•rery, shall be immediat~ly due ar.d payab•e; whzrher or not thero be norice ds
mond, attempt to talled or suit pending; and the full amount of eath and every such payment xhall bear intorest from the date thereof untii pa~d at the
rate of nine oer centum per annu;,,; and ail said cost3, charges a+id exoens:s ~ncurred or paid, togeiher w=th such interest, shall be sewred by the ~ien af th~s
mortgage.
6. That (a) in the event cf any breach of th~s Mortgage or defav;t on 1he part of the MORTvnGOR, ar (b) in the event ~ny of sa;d sums of money
herein referred to be not promptiy and tully paid within thirty (30) days next a4ter ihe sarT,e severa:~y become due and payable, without demand or notice,
or (c) in the event eacn and every the stipulat~onz, agreemenrs, conditions and covenants of sa d promissory nore and th,s mortgage any or e~ther are nof
~uly, pramptly and fully performed, d!scharged, execvted, effected, completed, complied w~th and ab~dzd by, then in e;ther or any auch event the se~d ag-
gregate sum mentioned in said promis~ory note then remaining unpaid, with intere;t accrued, and ali moneys secur?d hereby, shall become d~e and pay
abie fortf~with, or thereafter, at the option of sa~d MO~TGAGEE, as fu;ly and completety us if ali of the sald svms cf money were o~~gineily st~p~tated
to be pa~d on such dsy, anything in sa;d prom~ssory note or in this Morrgage to tre conrrary notwi~ns+and;ng; an~i rhereupon or thereaftar at the opt;on of
said MORTGAGEE, w~thout no~lce or demand, suit at law or in eyuity, therefore or thereafrer beyun, rnay be prosecuted as if all moneys secvred hereby
had marvrod pnor ta its institution.
7. 7hat in tha svent thrt at the beginning of or at any time pending sny suit upon this Mortgage, or !o foreciose +t, or to reform it, or to enjorce
payment of eny cfa~ms hereunder, said h10RTGAGEE shali apply ro the Court having j~nsd~ct;on thereof far the appointment oE a Receiver, svch Co~rt shail
Forthwiih appoint a receiver of said mortgaged property all and singular, inciud ng ai1 a~~d singu~ar the income, prof~ts, i:sues ar.d rever.ues from whatever
source derived, each and every of wh!ch, it be~ng express'y understood, is hereby moitgaard as if spec~ficaiiy set forth and describsd in the granting and
habandum s~auses hereof, ar.d s~ch Receiver shail have a11 the broad and eftecr~ve funu,ens and powers in anywise emrusted by a Court to a Rea~iver, and
such appointment shall oe made by such Ce~rt as an admitted equity and a matter of absol~te r~ght to said MORTGAGEE, and winc~ut reference to the
+~deqvacy or inadequacy of the va!ue of the prope~ry mortgaged or to thc so,vency or ;nsoivency o` said MCRiGAGOR or thr defendanti, and that s~ch
renrs, profits, income, issues and reven~es shaii be appiied by such Receiver accord,ng to the lien or eqvity of sa;d MQRTGAGEE and the prectice of such
Court.
S. To duiy, prompt!y and f~ily perform, dis:harue, execute, effect, co-np'ete, comp!y w;~h ar.d ab:de by each e~d every the stipu!ations, agree:nents,
conditions and covenanrs in sa+d promissory note a~,d ~h;s n:o;tgaye set forth.
9. That in the event rhe owrersh:p af rhe mar!gaged premises, o~ a~~y part there~f, becomes ~es!ed in a person other tha~ tne MORTGAGOR, the
h10RTGAGEE, it~ successo~s and ass:a~~s, may, w~fFou! nefice ro the ;~'.ORTGAOR, deal w~th such successor or su,cessor ~n iniC!GSf ~a~~h refererce to this
mortgage and the deot hereby secured in the same n,anr.~r as w~th hlort~ago~ w~rhevr in ar,y ~vay vit;ating or d,scha~g~r,g rhe 1~M1crrgagors' liab~lity here-
undzr or ~~pcn !he debt hereby secured. No sa:e of f~e Frer~ses hereby mortgaged and no forbeara•~ce on the part of the 1:~ORTGAGEE o~ its Su[te5ser5
er assic~ns and no exter~ion of the rtn-~e for the pain~ent or tF:e debr {:ereby secured given by the PA02TG'+GEE e~ its successors or ass gns, oha;l operate
!o reiEd3A~ d~scharge, modify tt7a:-ge or affect the orig,nai Gab.flty of the MORTGAGOR here~n, Qither in whofe or in part.
10. ~t is spec~ficaliy agreed that time is of the esse^ce of th~s comract ar.d that no waiver cf any ob':~gat~on hereunder or of the ob'iyation se-
c~red hereby sha;i at any time rhe;eafter be Feld ta be a waiver of the terms hereci or ef the i~strumem se:u~ed he•by.
11. In ~dd tic~ to tre forego ng rnonth:Y paYmen`i o` pr~-,c ~,ai a.^,d ~•~rtres+ requ:red by the rron•. sscry ne~e ..z:ured ,~..eb~, mor?geyor tovenants
and agrees to pay to mortgagee nrth each rromhly pa,~.•e~~t a,~ add,~~onal svm est,,a'ed by morty~gez ro be equai !0 1', 12 of ~he ann~al cosf of the foi~ow-
ing:
A-Ail real ~+fOaA_f}v~ ;azas !ev~ed O' dS5^SSi1:i agai ;st rh: above descr,'-,~d re3! esta!e.
g_e~~.;;;~,.,s on fre ar.d winoste~~Y~ ~nsur~cce vs i~e!e:n r~qo;red to b~ ca~r~ed e~: tne :m;;rovere~ts s;t~a'e on t%-.a acove d_sv:b~d erer.~ISrs.
£-Pre;riu,--s on s~ch ^~ort~~_ge gua'3f1!y' ICSL'3' Cc' 35 me~tgacee sha~l frc-~ t me t~ ~enc dee^~ f~t to c~rry on the :oan secur~_d 'nereb~.
Mo~tgagee sha!i frc:n t~me to tin-•e ncrlfy mcr~ya3~+ ~n writlr.g of th~ a•rov~t d~z anJ p~yab'e he~eund:r and such su^~ s!-.i',! tncreupon be du, ar,d
. Fayab'e on tne d,;e dare ci th= n~.<! r-:or,t'r.., ,3yr^ent and esch s~ccessive ~*c^tn therea`t,r until mcrtga~~e sha''I not.i~ r.... ; ef z char.ge in such
am.oun'. ~uch surns shaJ be ap~.!ied 'by mC~igag•~e to:.a~d tn~ pajT~errt of real property 'axes: insura~ce orem.urr:s, and ~r,ortg~ge gvaranty insurar„e
()r~miunt5.
tN ~'JITNESS H~RE F, th said ~J1 RTGi+vOr has hereunto set his hard aad seai th~ day and year first aforesaid.
7
Si nrd, Se e an ' li i pre~e.^.ce ot: y
~ L !i ' IJ~~~Seaf)
~ (Sea!)
_(Seal)
_ ~(Seal)
STAiE OF FIORIC7A ~
S5.
COUNTY OF ____.______--1
~i L'.,1C 1.P _ i
~ ~.s.__ 11~1 ~~:l.firi~ ri a s~n~lb ~.l:~l t ~ ~-8T7~"
8efort me per,cnai!y appezred
, h'rs~e, to me well known and kno•rrn to me to be
~he indiv~dualy deacribed in and ~Nho exec~~ed the foregoing in:trument, and acknowledgeu' b~forE me that$he* executed the same for the purposes
lherein expresied. l4r~d 1he s~ft}--- - -
wFf~of YfR iaf-J ~ _ ~fiorr-a~eprreTr end pr%va+e- -
tx+sm:rtat'ron -b~ m~ fekt~r ~eparefe -ertdBCa^f ~firem t+er ~z;d~osban~ ~c~cnowledged -~v-anel~ brfvr~-me 1iroYS+t~e~cetio~ted ~aRf-insx~miere* freeF~ ~rtdwo;wr
.~asily. a.zd.+N:t1+o..t.~wy--uar~w:~ioar-co~s!r.tiatT. ~,yr~~s~anr w~wc.pf ~r- Ewa~-h~r.said-Fwsbard.
n C ~
4YITN'c5S my nand and off+cla! seai th;s__ day cf _ _ R. G. 19
~ ~
3 ~ Nv ary Fub!ic in end fcr the S~ate of Fior.da at Large
My Commiasion expires:
Return Tc:
Firit Federol Saving• ~ Loan Assou~t:on t- ;c
Of Fort P~e: ce. 1`~' _ l: r'.',
Fo[t,.7il1~`e,~FlGrktr ~ ~ EL..__.. _ .,._.:E~, ;~.~t
r; ^ . . .
r:: a~.. ij1~` F,;` . FIL~O ANO REC
~ ~ ~ , . OE t~
G~~ ~ f- • BOOK
~ - . . _ ' .~t,/~9
- .
. - _ a~av o i nu .
, - v~ ru~t ~ t J : t ~
' ~ (~r r
tJ i..~ ~ i t..{ ~
RCGER P~i i f;AS. CLERK
BU~~( 417 L~L R DAUNTY, ~
~