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HomeMy WebLinkAbout0467 4 ~ 3. To lace and contin~o~sl keor. on tne b~~':linqs r,~w or har~~after s~tua!r on s~~d !and a d ai ~ ~~q_~,~~y~~nr and peroona!'y covrred by Ih~s mortg- P Y ~ye, w~th all premi~ms thereon pa;d in fu!I, fi~re insurance in the uwa~ standa~d po icy form, in a wm n~.pruved by the MGR~va~EE, and w~i~dsform insurance in tha usual standard pol~cy form, in a sum approved by ihe MORTGAGEE, in such company or compan~es aa the M~RTGAGEE may direu; and all fire ard wind,torm insuron~e pofic~ea on any of sa~d build:ngs, eny interest there~n or part thereo(, in the agg;rgarz sum eforesaid or In ezces~ ihereof, shall contain the ~sual sra~~dard morr~agee clause or such ofher c(ause as the Mortgagee may requ~re, making ti,e ~oss under ea;d poli- tiei, each and every, payab!e to said MORTGAGEE as its interest may appear, and tach and every such po'~cy shjli be promptly ass gned and deliv~~ed ro •ny held 6y said MORTGAGEE as furfher sec~ri;y to sald rnorfgage debt, ard, not less than ten (10) days in adva~ue of the expiration of each potfcy, to de~ livar to said MdRTGAGEF e renewal thereof, toge~har w~rh ~ rece;pt for nc~ p~e~n~um of such renewa!; .~nd ihere sha:l be no flre or w~ndsro~m insurance placed on any of sa~d buildings, any intereat therein or part thereof, un!ess in rhe fonn and with the foss payab!e as oforesa~d; and ~n the eve~~t any svm Of money becomes payable under such policy o~ pollc~as said MORTGAG[E shaii hav« the opt;on ro reca~~r app;y the sa~ne on acco~,N of th~ indebtc~d- ness sec~red heraby or to pecmit sa~d h1C~RTGAGORS to recehe and use it or a~iy part ~h.r:cof i~r , rh r,.~r; s~s ~.,s~~_ !~h ••v-,lv~ c' ~"'P~~'- in9 any eq~ity, lien or right under ar by virtue of th~s margage; and in the event sa d MORTGAGORS sha!I for any reason fail to keep the said premis:~s so Iniured, or fail to deliver promptly any of said pol~t~es of ins~ranca !o said MORTGAGEE, or fo!! p~t,n,pr~y ro pay fully any pre~~~~urn therefor or in any respect fait to perform, discharge, axec~te, effacL con,plnre, comply wi~h and a5~de by ih~s covenanr, or am~ p3:t hareui, s~~d M~iRT~AGeE may p~aca a^o pay for iuch insurance or any part the;eof wi!hoct waiv{ng or affecring any option, lir.n, equ~ry, or n~ht ~r.der or by virtue of th~s h±ort~age, and rhe full amount of each and e~ery such paymem ahaff be iminediately dua and payable and shail bear inte~est from tha datz tt~ereof ~rn~~ p~~d at ti,e rate oi nine per cantum per annum and ~ogether w~th su~h intrrest shaii be sacured 'cy the iien of this morgage. 4. io permit, tammit or xuffer no waste, impairment or deterioration of said property or any p~rt ihereof. 5. To pay ell and sir.gular the costs, charges and expi:nses, including a reasor.able attorney's fee a~d cesrs of abetracts of tit!e, :nc~~red or pa~d ar eny time by ~aid MORTGAG°_E, beeause or in the event of the failure on the part of the said h1pRiGAGOR to duly, pro~nptly and f~~!y periorm, d~scharge. ' --exeC~te, effect, complete, comply w~th and ab:de by eath and every ihe stfpulat~ons, agreenients, tond~tions, and :ovenantS of said pro,nissory neta and th~s mo~tgage any or eirher, and said costs, charges and cxper.s~s, each and every, shail be immed~ately due and payable; whe?her or no! rhe;e br not~ce d> mand, attempt to col!ett or s~it pend~ng; and rhe f~li amount of each and every s:rch payn~ent s~all bear ir.terest from the date thereof until paid at the rare oi r.ine per centum per a~vw;n; ard all said ccsts, cl:arges and ex:,er.ses inc~rred or pa~d, together wnh such ~nterest, shail be set~red by the lien of th;s mortga~e. 6. That (a) in the event of any breach of tn~s Mort9age or default on the part af the MORTGAGOR, or (b) in the event eny of sa:d sums of money herein referred to be n~t promp!iy and fulfy pa~d wirhin ih~rty ~30) days next arter the sa~ne se:era:~y become d~e and payab!e, without demand or no?~ce, or (c) in the event each and every the stipulations, agreements, condi;{ons and covenarits a4 sa.d EJfO'i~I550ry note and th,s rnorigage any or ei!her are not ~uly, promprly and tuily performed, d:schaiged, rxecured, effected, completed, compi~eu wifh and a6~ded ~y, then in e~ther or any such event the sa:d ag~ gregate sum mentioned in said promissory r,ore then remaining unpaid, w;rh in!erest accrued, and a.l moneys secured hereby, shall become due and pay- able f~rthwith, or !h~reafrer, at the option of said MORTGAGc`, as fully and comp:etcly as if ail of ~he sald sums of money were o~~ginaity stipulated to be paid on such day, anything iri ~a;d prom~ssory nate cr ir. this Mortgaqc ta the con!ra~y nnrwi~hstsr7d;nr~; and thereupon or thereafier at rne op~~on of said MORTGAGEE, w~th~~t not~te or demand, sv~t at ia:v or ;n equity, therefore or thereafter beg~~n, may be prosecvt,d as if all moneys secured hereby had matured pnor to ~ts institutian. 7. That in the event that at the beginning of or at any time pending an; s~it ~pen this Mortgage, or to forec!ose it, or t~ rrform it, or to enforce payment of any ciaims hereunder, said MORTGF.GcE shall apply tc the Ceurt hav~ng ;urisd:c~:en lnerco` ier the a~:.po!ntmem of a Rece~vcr, s~:h Court shaii , fOftnWii~n eppuinl d rBieivrl Of ~6K,~ n1Jrt~dyeu' Ni0Y2tty 'a'~ d~i~ Si~~yuldr, inClii~~~~ a~i oi,.'~ ii;-~: v o- °~2 ~;'~.~;~~C. „5.:.^S 3^~ '£•'C^•~..1 L':~`=!e:,?.' saurce derived, each and every of wh:ch, ft being expressly undzrstood, ~s here;;y mor~gaged~ as if1 spet (ic~iiy set forth•a^d descnbad in the granting ard habendum dauses hereof, and such Recziver shail have all ihe broad ar,d effecr~ve fueu.cns and powers in anya-~s~ f11~fV5fE'CI I~y a Co~rt ro a Reteiver, and such appointmen? shall be made by such Ccurt as an adnivea equity and a rnatter of abso'ut~_ r.ght to said 1,1pRTGAGEE, and w~~hcut reference to rhe adeq~acy or inadequacy of the value of the property mortgaged or ro the so.vency or ~nso'~enty ef sa:d IJ~ORiGAGOR o~ the defendams, and ~hat such rents, profits, income, issues and revenves shaii be appiied by sucn Receiver accord~ng to the lien or equity of sa~d 11AORTGAGEE and the practice of s~ch Court. 8. 7o duly, promptly and f~lly perferm, d~scharge, exec~fe, effett, co~r~plere, tor,~ply v~~th and abide by each and every the <_tipu!at;ons, agreements, conditions and covenanis fn sa~d promissay note ard ih~s m~rrgage ser forth. 9. That in the event the ow•r.arship ef tne mortgaged prerniset, or ar;y part thereo(, becorr.es vested in a person ot}~er than th~ 1r10RTvAGOR, the MpRTGAGEE, its suctessors ar,d assigns, may, ~v~rF.out norrce to 4Fe !.~O~TG:.^vR, deas w~rh s~~ch successei or svccessor ~n ~nterest .v~th refer~nce to tnis morrgage and rhe oeot hereby sewred ir. the sa~r:e ma~,ner as wirh A',or;gaqor ~.~thout in any way vir,af~rg o~ d:scharging tne M,r.gagors' liaoility herr under er upon the debt herzby secu~ed. No sa:e of ft:e Fre~rJses hereby mortgaged aod no forbearance en tha par~ cf rhe I.1URiv:+GcE cr its successors or ass~gns and no ex'e~sion of ?he time fo- thc paymect of the deb! h~•eby set~red o~~en by the ~'~ORTGAG:E er its success-vrs er ass gns, ~hail operate lo reiease, d~scharge, modify change or affect the origlnal liau.;~ty ot !he M:ORTGAGOR hereln, aither in whole or in pa~t. 10. It is spec~ficaliy ag~zed that tl,ne is of the eise~ce of th~s co~tract and thnt no waiver c! any ob!!ga~ on hereunder or of the ob!igation se- c~red hereby shali at eny time therea`!er be he!d ro be a~+•afver ot the terms hereoi or of ihe instrurneni s•~cu~ed he-by. 1l. In add t~o~ to the fore~e ng n,~nth'y ~;;y,~cr.~s of F;ri-r and ~nreres! rzquired 'cy tnc prcc, ssvey ne~e s~c_~red hceb~. mort~~;o, coier.ants ana agrees to pay to mortgagee v.;th eac%~ n'~or,rh'y F:syr,,:nt an ~;id,~;onai svm rs' * arr,d Ly morrg~g=? to be eq~a! r~ 1 12 u` a~? :~ai cos! of the foL'ow- ing: A-All rea! property taxas levi:d or a;sessE;i ayai ~st ;h~_ ai:o~e desv~bcd r~al es~a`e. B-f'rerr.~,,r-s on fire and .:~r.d5:or:n lnsv'o%ce as nere;~~ r,~o; red to be carried c~ the :rr~;;ruv~me„s s eus'e on tt_ ai;ove d~sc~;~~ed prer,~ises. C-Pre:niu;T•.5 en s~ch mort:~oae g~~a•sney ir.s~;ra~;. a~ r.•:c•taagee shail fror ~,n.e t;,ee de~rn fit to carry on the ;oan 5^cr.ed hereb~. hlortgaga. sha!I from ti:ne 'e t~me nerif~ mcrtg~go~ ln ,nrit~~,3 of !na arnou~! d~a and payab'e hN~eu~der ar.d s_'r.h shr.l th~,cupon be due and Faya~'le or. t'r~e d~2 date oi the next m.o~rh:y .=r'"-'u ard e~c~ s~:cessl.e n.o^.~h t~,zrca:r_ r;;! m_rrgayee sh3i~ ne .r~ . c•t,.~or of a chan~e ~n sucn aniour.t. ~uch sums shali t;e aor'ied ~y me!+ga.=e rov.a~ci ti,e parmert of rea, p~eper,y 'zxes, insuracce c~err.,~:rs. ~d n•~ort~a:;e guaranry insutance p!zmi~m5. IN \'11TNESS WNEREOF, rhe sa~d !Ac~nTG~.G^R has her_u^to set his hand and s~~: rhe da; and year first xfo~esa!d. Signed, Se d snd 'vered in the preserce cf: ~ . ` (aeal) +~(Seai) ~ C.~...~..~ ~ (~eal) ~ ~ (Seal) SiATE OF FLORIDA ~ 55. COUNTY flF _~.t~~ItuS~~__ 1 Before me personaliy ap~eared _ S S Sne].~3.n~___ _ _ _ an~ ~innie Snel.l ing, _ n~s wife, to me well known and known to me to be the individuals described in and who executed the fo;egoing instrumerd, end acknewledged before me that they executed the same fer the purposes rherein expressed. And the said---- ~ Binnit3 Sn~l~-i--2'1 - - - wifa of ihe said - ~~@ Srigll~l]~------ ~pon a sepa~ate and private exam~nat~on by me ta4en separate and zpar, irom hz~ sa~d husband, acknoNledged to and before me that she exe;,uted sa~d instr,;ment treely ard vo;un- rar;ly ar.d w~thout any comp~!sion, constrairt, apprehens~on, qnfear of or fr~m her said husband. 6~ - ~ ~q st~d~ ~"1!TNE55 rny har.d and cfficlal ~eal th~s~.~.!A~ ~ ~ day of Ma , A. D. 19- _ ~ ~ : i'it ~~,s~~.~ J Notary P Lc in and for th~ State of floriaa at large ~ FIL.ED AND RECORQED My ;SS~~~ exp~res: Resurn To: A' Dp~.nrt~ C7 Q v K '~3ry FL•~: c, St?tP ~f ~'~f'd? ~t {'BYQ'@ F.rst Fedaral Savings & Loan Associa~,6}~~ T~~rQ-- ".t, "-r;: , 5, Of Fcrf ?:erce. J~ 'J!l.iie:i ~uy r~.iil (~,.dil :~u Bt~~~i.0. Gi 9~ ...~C ~.~C.~(.1 Fcrr.,~i~c~,. F,!orida ~ '65 MAY 2y 1lMM I0 : i! ` ~ y( , ~ ~ , . . lt~ . ;f'`,r~ ~ , . ROGER rJITt3AS, CLERK ~ : . s-r. ~uci~ couNTY, _ . - ~ - . " ~ ~ r - F~ORlDA ~ . . . 80i~?!( ~ _ , . `