HomeMy WebLinkAbout0640 3. To place and caroinuously keep on thz b~~'d;ngs r,ow or hereafter iitvata on sa:d land an;! en al~ equ~pment ard personally co~ered by thi~ mottg-
sge, with all premiums thrreon pa d in fuii, iire ins~ran:a ~n th~ ~~wa( s!a+~d+rd policy fonti, in a s~~*~ a{.prcved b~ tt~e MUR~i~>GEE, and windstorm
insurante in the usuat uandard pohcy form, in a eu~>i approved by rhe MORTGAGEE, in such company or cor„panles as ~he A4UR7GAGEE may
direcf; end ali fire a~id w:ndsterm insurance po!ic;es on any oi said twild.ngs, any interest therein or pa~t rhe:eof, in ~he aygrega~e wm aforesaid or
in excesx lhereof, shall contsin the usual sta::dard mort~ayee tiausc or such orher cl,~use as 7he Mor,gagee may requ~re, maAing tha loss under sa~d poli-
tits, each acr: every, payabfe !o said h1pRTGAGEE as ~ts inrerest may appear, a~id each and every s~Ch po!:cy shail he promptly ass gnrd ar~u delivcred ro
eny held by sald MdRTGAGEE as iurthe~ securiry to said n,o;tgaqe debt, and, not !ezs than ten (101 daya in ad:ance of rhe ex~uat~on of each pollcy, to da-
liver to said MORTvAGEE a ranewa! th~reol, logefher with a receipt ror ihc premium of such renewa'; and there shall be no i~re or w~ndsto~~n insurancr
pleted on any of sald b~i~d~ngs, any ~nterest there~n or part ther<of, uniess in the farrn and wifh the ioss payab!e ai aEo~esald; and fn the event any s~m
of money becomes payab!e vnder sucfi polir.y or poGcies sa~J MdRiGAGEE sh.~N have ihz opr~on ro~ecelve ar.:I JfSF,iy' ifl~ sarne on accoun~ of ~he indabfed-
nsss sec~red hereby or to permlt said MORlGAGOR~ to rece~va and use it or ~ny F,art ~he,-eo! to~ ou~• r u~:; ::sr>, v::~h;.:t ihr ~,p.,;.
ing : iy eq~:ty, lien or riyh~ undar ur by vlrtue of this mc:tga9c; and in the event sa;d MORTGAGORS sha!I tor aay reason fail ta ketu thr said premisc~ so
insured, or fail to deliver pro+nptly any of said ~~ol~cies of inlU~dnC2 io said MORTGAGEE, or fa~i pro~n~tly to pay fu~iy any Nre,~~u,n therefor or in a~~y
respact fail to perform, discharge, exeCWe, efied, tomple!e, co;nply with and abida 6y th~s covenant, or any part h:~eof, sa~d KvRT'vAGEE may E:iace a o
pay for such insurance or any part thareof without w'aiving or atfectir,g any oplion, lien, equ~ty, o~ right ~nder or by virtue oi tii~s hlertgage, dnd the
fvll amount of each end every svch pay,nent ahsll br ~mmediately dve and peyabiz and shall bear ir.terrsr frc,m iha data thereof ~n~it pald at the rate ot
nine per centum per annum anJ to~ether with svch ir.ter~~sr shall be s~u~red by the lien of this mortgage.
4. To permit, tommit or suffer no waste, impairment or deterioration of ssid prope~fy ar sny part theteof.
5. To oay ai( and sing~lar the cosrs, charges and expenses, Inc(~d~nc~ s feasonable attorney's fee and costs of abs~racrs oF t~t!e, in:urred or pa~d at
any tim~~ by sa~d MORIGAGEE, because or +n th¢ event of the failure on the part of the said h10RTGAGOR to duly, pronptiy and f~iiy perfocm, cS:scharge
exetvte, effect, compfete, comply with and ab,de 6y each a~d every tfie slipulanons, agreements, condEtions, and tovenanfs oi said promissory note and this
martgage any or either, nnd sa!d costs, tharges and expenses, each and eve~y, shall be immediately due and payabie; ~nhether or not there be notice d~
mand, attempr to co!Iect or s~it pend~ng; and the full amo~M of each and e•+cy s~ch paymem ~ha(I bea~ interest from the date thereoi vnri! pvfd at fhe
rate o~ n~ne per ceni~n; per a:~~~un:; anc! all sa~d cosis, charges and cxi:,enses ~ncurred or paid, togc'her w~th such interess, shall be secu~ed by ihe lizn oi ihis
mortgage.
6. That (a) in the event of any breach of fhis ,Morrgage or dsfau!r oh ths part of the MORTGAGOR, or ;b) in the event a:y of sa'd avms of money
herein oferred ro be not pru~nptly and fully pald wirh~n th:rty (3J) days next art_r the same severa'ly becomr due anci payab!e, without demand ur notice,
or (c) in the event each ar.d every ~he siipulat~ons, agreements, cond~eio~,s and covenants of sa.d pre~nissory nofe and ~h~s mortgage any or eith=_r are no~
~u!y, prornptly and fully performed, d.scharg._d, execured, effztted, compfeted, compi~ed with and abie+ed 5y, fhen in e~the; or any such event the sa~d ag~
qregata sum mentioned in seid prem~ssory nore then rema~ning unpa~d, with imere:,t aar4ed, and a:l moneys secured har=oy, shali become d~~e and pay
ab!e io~thwith, or thereofter, at rhe epnon cf said MORiGAGEE, as fvliy and completcty as if all of the said wms of money were onglnatiy sr~p~Iated _
to be pa:d on such d~y, anyfhing in sa:d prom~ssory note or in ihis :blortgcge to trte tontrary not.vithstandiny; ard ihereupon or lhercafler at the opt~on of
said MORTGAGEE, without noti:e or demand, s~it at lew or in equity, the~efo~e ur thereafter begun, may be prosecu~ed as if all moneys tewred hereby
had matured pnor to its insritution.
7. That in the event that at the beginn~ng of or at any time pending any s~+t upo.n th;s Mortgage, or to foreclose it, or to refo~m it, or To enforce
payment of any cl3ims hereunder, said ~Y~ORTG%.GEE shall apply to the Court having ~~nsd,cf~on thereo! for the appo~ntment of a Recciv~r, su.h Covrt shall
forthwi:~~ appaint a receiver of said mortgaged property ail and singular, indud ng o'it and sincular the ir.c~~ne, Frof~!s, issues and reven;,es from wh~tever
seurce derived, eath and every of wh~ch, ft be~~~g exp~ess'y understood, iS hereby n:ortgaged as i1 sFec;f~caily set fo:th and drs[ribed in the g~anting a~~d
habendum dauses hereof, and such Receiver shail ha~e a11 the b+oad and effec~~ve fu:u+.ons end po.+e~s in any,ni~se entr~sted by a Covrt ro a Receiver, and
such appointment sha(I be made by s~ch Ceort as an ad:nitted eqvi;y and a maf!er ef absolute i;ght to said MQRTGAGEE, and wi:heut reference to the
adeq~aty or inadequacy of ~he vaiue of the property mortgaged or to the so.venr~ or ~nso'.cency of said h'~ORiC,AGOR or the deicndants, and ~hat such
re~~rs, pro{irs, inco~ne, ~ssues ard reven~e; ,ha'! be ae;,!ieci by such Receivnr rccord,,~g to th. lien or eq~i~y of 3aid Ir?ORTG.4G[E and the practice of such
Cou~L
8. To duly, p:on~pti~ or,d fully per(orrn, d;zchsrge, exec~?e, effect, co~rp!ere, ca~•~!y v.:+h and ablde by each and every the stip~:'aticns, agreemems,
tond~ticns and covenems ~n sa~d ~romissory nore and ih:s mcrtgage scs for~n.
9. That in the event thc ew^ersh;p of the mertgaged pre~,~s?s, or any part ti~:ercof, 6ecomes ves~ed in a person othrr th~n ;he hSpRTG.AGOR, the
h10R7GAGEE, iti s~ccesso;s ar.d azsiqns, may, without r.o~ice to the 'hORiGaOR, dca~ v.vth such svccessor or success~r in interest 14'~th reference ro th~s
R~ongage ar.~l the debt hereby s^c~~ed in tne same manne,- as with hl~rtgagor •.v~thcut in ar,y v:ay ~it;ating o: d,scna~ging the f."crtga~ors' liabiiir~ here•
under or upon the debt hcreb~r secured. No sa e of t1:e Fre~n+ses h~~reby mortgaged and r.o forbeara~c~~ en the part of the I~AORiGF:GEE er its s~cc_~ssors
or assigns and no ext?nsion of rhe ?irnn for the paymenr of the dcot h~reby secured given by the hSCRTGAG:E or its su<cessors or ass:g:~a, aliall operafe
to re!ease, d~scharge, modify changc or affect the orig:nal fi~o;:~t~ of ~h~ MORtGkGOR herein, e+ther in vvk~oie or in par!.
10. !t is spet:ficaliy agreed that ti~ne is of rhe essence of tf~ls con7racr ard thar no waiver of any obl;gai on hereunder cr of tFe ob'igation se-
tt,red hereoy shall at any ti~•:e *hcreafier be hc!J to be a waivcr of the ter~,s hereof oi of the ir~str~mcnt sec~red he~by,
1l. in add Y:c:i re t;;e corego n~ ,,.o~fh:r P~yr„cnrs of , rinc pal ard irr.,res` requ~red 6y the p•o:r, ;scry ne'r sccured h~r•zb~, meriga~or covenants
end ayreei to pay to rnori~ag•_c v,ith ezc~~ r, onr~~'Y pa~~.•.ent an add ~fcnal 5~•n ~.s• ,'ate<I i~~ mo•tjage., !o Le e;:,a'': to l, 12 0; t1•,e ann~al tost of tne fol:o.v-
ln~:
A--Aii real properiy t~xzs !z.-ied or asrass_d ags~•~st th~; above descr~b~ d real es~ate.
B- Frr,r.~., ,•s on f~re ar.d w~ndzfo~~n ;rsurar;~ as herein rcG~,red to t~e carr~ed e~~ the :m;:rove~ne~~s s;tu~te on th,• above d-scribed premises.
C-Pr~;:niurr,s on auch mortg_~ge yuar;-.ty ics~rarce as m~rtgaeee snal fre- t:r,c ;e ?~me drem fit to earry pn }t:c loar, s~,c.~red hereb~.
r,icrrgage? sh3!; fra~~ r~~n~~ ro r,^-e rc?~fy rr.c~r,~~g_r .n v:~;ring of fhe a^~o_~~,r d.:~ ar::J p,yahte t~ereund~r and s~ch su,~ shi!i ti,~reupon he d~e and
~avab:e en ti~~ d~e cat_ cf th~ next r..o~~ih'i ~_;'"nt ^d ~~ch sua=:sive mo~~.tn t'r.ereaftr u~;?~; n+ortga~ee sFo:i not:fy morsga;or cf a ch~nge in s~ch
a?~.ount. Su~~ sorns s~3,; E~c ap~+'ied Ly m~rtg3~.z ro:,;~d !he pay.Tent of rcal preperty faxes, insvr~nce prem,urs, a.d r:ortgagr gu:~•anty inwr~nc~
~ ' pren~,iums.
IN V117NESS :~HEREOF, tne sa;d "AORTGAvGR has h~recnto set his h~cd ar.c~ seai the d~~y ard year first aforesaid.
Signed, Se ~ d and d ered in ihe p~esence oi: ~
~ ~ l~Gi~~~-~"...~-~i/ ~ (Seaf)
E -
- - - ~ _~s~e~~
~ sV~ - -
_{Seaf)
f / !Seal)
~ STATE OF FLORIpA 1
CC~UtJTY OF ~$~I1 :,11~~ 8 i 55. .
Bef~re n~e personally appeared ~:RTtl~~~ _ end
~A~'Q~L'$t -~c1:l~ut$~__ his wife, to me we11 known ar.d known to me to be
fha ind;v~d~a)s descr:bzd in and v~ho exec.~ted the foregoing instrument, and ackncwledged be(are me that they exewted the s~me for t~e purposes
therein expressed. And the said_, N1aT'' ,~sl~ t (~,AI'fipbE3~.1
wife of the said ~ _Sb,~ ~~jZA~___,_ ~pon a separate and pr;vat~
exam~nat'on by me tak:n separate ar.d apart f~om her said (-wsband, ack~~o,n~ledged to and beforQ rne that she executed sa;d instrum;nt fre°:y and v~ium
t~~iiy an~ w:thovt any con,pu;sion, constraint, a;.pre~ens on, ~y fear of or from her said husband.
~ !.~'L L
~VITNES5 n,y har,d and off~c~al s=al this__~.,~~_L_~___ day of__~ _ A. D. 195~~
; _ _ _
. Notary pu .~c in and for th~ Sta!e of F:orida a! large
My Comm~ssion expires:
Return To:
fint Federal Savings & Loan Asso:iat:on ±a}a nf 1-'.^'i~'? F7t l.^.'~'P
F'ILED AND RECARDp~D r; ~arv ru.. . s. ,
Of FCrI P c'. '~t ~._il~~K ~'1?rt, y, c i ? h, jSi~r
s •
Furt Pie~ce, fi r:~~? 11. ~`~~I1~38d ~.`1j kiT1~f~Ca~~ J~fE'y ~U. J~ ii.
' S ~ ~ "'~c..-s ' + , .
~~J ~ 2? P~{ 3. r
. , V' ~ ~i~ - .~~~£.~;.33 . . .
. ~ _ ~ . E~OC~r,. . i~ha~. Cl_ERK . ~ .
• " ST.^LUC1~ COUNTY. , ~
~ ~~OR1DA - .
~~oK119
~
- -