HomeMy WebLinkAbout0421 3. to placa and continuo~,si~ kb0~ on ih~• G:~~b~ngs .:~~w c~ ~c~eorra; s~~~~tt cn ,a ~~ar~u ,y ~.~~~r:n a~ d p~•~srn~a'~~~ covared by rhis mo+tg•
age, with all prcmiuins thereon pa~d in full: f~ra ir~s~ra~ue ~n ~he ~~s~ai sfa~~daro ~!ity torm, in e s~~+ approved br ~h~ ,~10ktG>vEt, and w~r~dsro~m
insuronts i~ tha usual itsndard pof~cy fo~m; in a sv~n af~proved by the MORTC,AGEE, in tuch company ar compames as the MORTGAGEE mey
dlrsct; and ell fire end windstorm inwrance po!rc~es on eny of sa~d build~ngs, any iroerest tfie~ein or part thereof, in the aggrega~e w~n aforesaid or
in excess thereof, shall contain the uwal •tendard mortgager claus? or such other da~u as the Mortgeyee may requ;re, making ti,a iess under ~a~d po~e-
cief, eath end every, payable to said A10RiGAGEE as iis iroecrs~ n,ay appear, a~d each and every ~~ch po';cy shall be promptly a~s gr,ed and delivered to
eny held by said MORTGAGEE as further eecurity to se~d n:ortga~E ~iebt, and, not lesa than ten (10) days in advm~ce of the expiration of each pol~cy, to de-
liwr to said MORTGAGEE a renowal thereof, toge~har wrth a rece~pt for the p~em;~m of iuch renawai; and thare shall be na f~re or windsro~m insvrance
pleced on any of said buitdin~s, any interest there~n or peit mercof, ~nlesa in the fcrm and with tho foss qayable as aEoresa~d; and in the e~ent any sum
of money becomea payablr ~nder such policy or pol~cies said MORTGAGEE ahall have the opt~on ~o receitie and app!y the sarT~e on acco~n~ of ihe ~ndebtad•
nefs aecured hereby or to permit aald MORTGAGORS to rec~ive and u3e it or any part th,~:cof toi o:n• ~ o.,~, ::s. s. ,.:~~~;,,t ili •~r:>; o~
inp any equ~ty, ~icn or right under or by virtua of this mor'gage; and in the event ea;d MORTG~GORS aha!I fa~ any reaaon fa~l to keep the sald premisa~ so
insured, or fe~i to deliver promptly eny of said poi~ues of insurance to sa d MORTGAGEE, cr (oii p:nmptly te pay fui'y any pre•~+;~m thereto~ or in any
respect fail to ~erform, d'ucharge, execura, etfect, compiete, comply wi+h a~~d ab~da by ih~t covenant, or any pa~i hareof, sa~o MC.~RTvAGEE mdy p'idCe a~ a
pey for such insuranca or any pa:t thereof without waiving or aifecting any option, lian, eq~~ty, or r~ght under or by virt~e ef th:s Murtgage, and the
full amount of eech and evtry such payment shall ba immediately due and payable and shall bear imerest from the date thzreof ~r.ul p~~o at the rate o'
nine per centum per annu~n and to~ether wnh such inte~es~ shali be aecured by the lien of this mortgage.
4. To permit, commit or fuffer no waste, impairment or deterioration of iaid property c+r any part ihereof.
5. To pay all and singu~ar the costs, charges and expenres, including a reasonable anomey's fee and cosrs of abstracts of rit!e, incuned or paid a}
a~y time by said Mt'RTGAGEE, because or in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fu:ly perform, d~scnarge,
eaecute, effect, complete, compiy with and ab':de by each and every thc Stip~lations, agreemen!~, cand~tiona, and covena~rs of sa~d promissory note and th13
mortgage any or either, and sa~d cosp, cha~ges and enpenses, each and every, shall be irnmediately due and payaole; whether or not there be not~ce d~
mand, attempt to tollect or suit pending; and the fuil amount o4 each and every s~ch payn:em sha!I bear intcrest from the date thereof until pa~d at the
rate of n~ne per centvm pat an~i~m; and ail said costs, charyes and ex:;::nses inc~rred or paid, toyether w~tfi such interest, ~hall be secured by the li:n of fh~s
mortgags.
6. That (a) in the event of any breach of this Mortgage or defauh o~ the part of the M~RTGAGOR, o~ ;b) ~n the event eny of ea:d wms of money
herein referred ta be not prompt;y and fully paid with:r, thuty (30) days nea~ after tne same seve:a':~y become due and payable, w~thout demand or nefice,
or (c) in the event each anc every tne stipulat~ons, agreements, conditions a~tl covenanrs of sad pram~sso:y r.ofa and th.s mortgage any or either are not
ju~y, promprly and fu~ly performed, d,scharged, executed, effected, completed, compl~ed w:rh and ab~ded 5y, then in e~ther or any such evem the sa;d ag~
gregate sum mentioned in said promissory note then remairting unpaid, with interezt ataued, and ail moncys setured hereby, shali bccomz due and pay~
able forthwith, or thereafte~, at the optio~ of said MORTGAGEE, as fully and comp~eteiy as if a11 of tlie said sums of money ~n-ere originaily st~p~la~ed
to be pa~d on such aay, anything in sa'd promisaory note or in Ihis ~rlortgage to Ihe cun:rdry no:.rithsWnding; and ther~upo.^. et !here~fter a! !hs ^^+lo^ ~f
said MORTGAGEE, with~ut not~ce or demand, suit at lew o~ in equity, therefore or thereai~er begu:~, ~:oy be erosecuted as if all moneys securedrhereby
had matured onar ro its institution.
7. That in the event fhat ai the begir.n~ng of or at any time per.ding any suit upon this Morigage, or to fore<lose i;, or tc reform it, or to enforce
payment of any ciaims here~nder, said MORTGAGEE sha~l apply to the Court having jurisd~t!ion thereof for tha appointment of a Recelvrr, such Co~rt shail
Forthwith appoint a receiver of said mortgaged property all end sing~lar, inctud~ng aii and s~ngular the ircon,e, profits, issues and revenues from whatever
source derived, each and tvery of wh;ch, it being exprees~y unders~ood; is Hercoy morrgaged as ii spec~ficaily set forth and descnbed in the granting and
habendum da~ses hereof, and such Receiver ahalf have ail the b~ced ard effxKve fur~ct~ons and powers in anywise emrusted by a Cou~~ to a Receiver, and
wch appointment shali be made by such Court as an admrtted equlty and a matter of absolute r.ght to said MORTGAGfE, and w~~hout re(erence ~o the
adequacy or inadequacy of the va!ue of the p~operty n;ortgaged or to rhe saven~y or ~nso~vcncy of said AM1ORiGAGOR o~ the defe~~dants, and rhat s~ch
renfi, profits, income, issue~ and revenues shal! be app;ied by such Receiver acco~d:r.g to the lien or equity of said hiORiGAGEE and the pracrice of such
Gourt.
8. To duly, promptiy and fuily pe~form, discharge, exacute, effecr, comnlete, cornpiy w~th ar.d abide by each and every the stlpu~arions, agre~ments,
conditions and covenanrs ~n sa~d promissory note and th:s mortgage ser for;h.
4. That in *.he ever.t the ownership of tne morigaged prem;ses, or any part thereo4, becornes vested in a persen ofher than tn~ ,'4~ORTGAGOR, the
MORTGAGEE, its successors and assigns, may, witho~t notice te ±he h10R~GAOR, deal w;th such successor or s~cte<.sor in interes~ w~'h ~eferer~c~ to this
mortgage and the deb~ hereby secured in the same n,ar.ner as w+rh 1~!ortgager w~tho~t in any way vir:ating or d scharg;ng the Mcr;gagors' liaoiiity here-
under or upen the debt hereby secured. No sa!e of the Frert,ises he~eby mortgaged ard r.o fe*6earance on the parr ot rhe 1r10RTGAGEE or its s:,tcessors
or zssigns and no extens~on of rhe flme for the paymer~ or tF.e debt h~reby secured given by tha ~v10RTGAGEE or rts successors or ass,gns, ot,atl operate
~a release, d~scharge, modify change er affect the oria~nal I~au,i:r~ of tne h'~ORIGAGOR here;n, either in whole or ir, part.
iQ. It is speuficatly agreed that time is of the essence of thls conract and that no waiver of any oL!~gar on hereunder or af the ob'igation se-
c~rad hereby sha!i at any time +nereatter be he:d to be a waiver of the terms herecf or of ths instrument secured heiby.
l i. In acid.tio? !o the 4orego'ng month'y p1y~-~^nrs of princ pal and inreres! re?u red by t6e prom ss;;ry ne•c sccv~ed hereb~. mortgs;or eovenanrs
and agrees to pay to martgagee v.ith each muri~hi~ poyr, c~~t an add~rional s~•n es' ^~at~d by mortyagee to be eq~ai to 1 12 ot t;~e a~~,~uaf co;t of the fol;ow-
ing:
A-All reai property t3xas Ir~i=,~', or ass•~ss_d ayai •,st tne aoove desc~ibed reaf estate.
B--Pr~rt~,~ums cn f~re and wir,ds~e:m ~nsvrarce as here~n requ~red to be ca~ried on thn 'm~;rovements s t~a'e cn t~~~ above d.scr'bed premises.
C-i'ierriurr~,s on such mortgaaz guaranty icsurance zs mortgagee shali frc,- i r:e to t~~ne deeri fit re C3!r~~ pn the ioan secured hereci.
Pvtortgage~ s'^.all frorr t?me to tlme no!if~ mertgcgcr :n writing af the a^~ou~t d•.~e ~r,d payah:e he~eunder and s~ch s~~*~ sFa'; the~eupon be due and
payable en ti!e cl~e da!e of the ~~exr n:onth,y oay^r•=nt a~~d each s~ccessive mon'h tnereaf~ar ur,t~i mcrtgagee sna!~ r.o!Ify rnor:~~3~r of a c'r.ang< in su:h
arnovnt. $uch s~ms shsil bo app!ied by mortga?:e to.vard the payrt•ent of reai proFerr~ taxes, inwrance prem:urns, t.~d mortgage guaranty insurar,ce
prem,iums-
I~J ~'lIiNESS '."%HEREGF, the sa~d :4!ORTGAGOR has F~~eraunto set h~s hand ard se~! the day ay~ year first a~oresa;d_ A-
igned, Sea d ar,d ' ered in the preience of: i. ~ ~ Q_
/ L~ ~ '~'`~`-~~x(Seai)
_ _,,,,7 - ~ • tSeap
- _~(Seal}
iSeal)
STATE O` FLORIDA
COUNTY f~F S_t+~ L~a~l Q _ I
Before me perse~a'ly appeared _ ~i o s e~h ~ t t i n B _ and
_ Gwendal~ri B. Gttine n~s wife, to me welt k~own and knawn to me to be
the indrviduafs d:suibed ir and who exec~ted tne forrgoi~g instrument, and acknovvledged bafore me that they executed the s~me fer the purpones
therein expressed. And the sa~d__ Gwendolyn B. Q~~~Tl°
w;fe of the S~~a _ _ J o s e~h 0 t t in~ _ upon a seperate and private
examinat~~n by me taken separate and apart fran her said husbjnd, scknowledged to and before me that she exewted said instrumer.t freeiy and vo?un-
rari~y and w;thout any co~rpu~sion, constraint, ar.prehe~s:on, or of o~ from her said h:,~sband.
`NITNE55 my h~nd and offie!al sea! th!s_ day of MadL , A. D. 19~
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My Commiss n expires:
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