HomeMy WebLinkAbout0698 3. To place and continuo~siy keep a~i the bu~:dings ~~ew or hereafter s~tuate on said !ar.d and en a!; equiprnent end penona~'y covered by this mertg~
age, wiih e!I premiums thereon pa~d in f~l~, fire insu:ance i+i the usual st~ndard poticy furm, in a sum approved by the MORiGAGEE, and windstomi
insurance in the usual standard pol:cy form, in a s~n approved by the MORTGAGEE, in ~uth cornpany or companies as thr !r10RiGAGEE may
dirett; and all fire and w~ndstorm ir~s~rance pofc~rs on eny of sald lwild~ngs, any inrerest the~ein cr pa~t lhereof, in tht +ggrega~e aum afortsaid or
In extese ~hereof, SF7DII conlain the ususl standar~( mertgagee clause or sutfi o~her clause as the Mortgngee may req~lre, making Ine foss undrr ~a~d poli-
ties, each and every, peyab~e ro eaid h10RiGAGEE as ~ts intzrzsr may appaar, and each a~d every such ~licy shall be promptty axs g~~ed and def;.erec' to
any heid by said h',ORiGAGEE as further security to said mortgage deb), and, not le~s than ten (10) days in advance of the eapiralion of each polity, to de•
liver to said MORTGAGEE a ren~wal theteof, togtrhar with a receipt tor the premivm of such renewal; and thzre shali be no f~re o~ w~~~ditorm insurance
placed on any of said buiidings, any interest there~n or ~,art thereof, vnless in the form and with ~he loss payaole as aforesaid; anJ in the event any sum
of money becomes payabl~ une~er such policy ur pui~c~es sa~d MORTGAGEE shall have the opi~on to receive and app!y the aame on acco~nt of the indeb~ed-
ness sec~red hereby o~ to permil said MORTGAGORS Io receive and use it or any part the:eof for cti,:r F:u~; o;rs, v,:ii~o~r rh~<<;,; ,..;;~i,~ ~r ~np.:h-
iny eny equity, lien or ric,ht under or by vinua of ihis mor:gag:; and in the event sa~d h1URTGAGORS shalt for any reason fai~ to keep the sa~d premises so
inwred, or feil to delivar pro~nptiy any of said poGcies of inaurance to satd MpRTGAGEE, or fai! prompfly to pay fvily any pren~~v~n therefpr or in a~~y
re~pect fail to ~erform, d~scharge, execute, ef(ect, complrre, compty wirh and ab'rde by th~s covenant, o~ any par~ h~reof, sa~d MuRiGAGEE may place a:~o
pay !or wch inwrance or any part thzreof without waiving or affe:ting any o~tion, lien, equlty, or rigM undar o~ by vir!ue of fhis Mongagz, and the
full amoum of each and every ~uch payment shall be immedietely d~e and payable and shail 5ear interest Frorn the dare thereof unti! paid at the rate ol
n~ne per camurr per annum and together with suth Entere~t shall be secured by the lien of thi~ mo:tryage.
4. To permit, commit or suffer no waste, impairment or deterloration of said property or any part thereaf_
S. To pay all and sing~lar the casts, charges and expenses, including a reasonable atiorney's fee and costs of abstracts of title, incurred or paid a~
any timr by sa~d MORTGAGEE, because or in the event of thn faIl~re on the part of ihe said MORTGAGOR to duly, promptly and tully perform, ::~sch~rge.
. execure, effrct, complete. comply with and ab:de by each and every the stipulations, agreements, conditions, and covenants of ~a~d prom~ssory n~te and this
morlgage any or ei~her, and smd cost~, charges and expenses, each and every, shall be immedlately due and payab!e; whe~her or not there be nor~ce d~
mand, attemp! to collect or suit pending; and th~ full amount of each and every su~h paymem shall 6ear interest irom fhe date the~eof untii pald at the
rate of ninE per centvm p~~r annu:n; and all said tosts, charges and expenses incurred or paid, ,ogethzr w~th such iixzrest, shall be secured by the lien of th~f
mortgage.
6. ihat (ay in rhe event of any breach of th~s Mortgage or default on fhe pa~t of the MORTGAGCR, or (b) in the event any of sa'd sums of money
herein referred to be r.ot premptly and fully paid within thirty {30) days next afier the same severa;;y become due and payable~ Wlt}lOU1 demand or notice,
or (c) in thr event each and every the stip~lati~ns, agreements, r.ondi7ionx and covenants of sa d promissory- note and th~s mongage any or eirher are nof
july, pfompfly and fu~!y performed, d~scharged, exewted, effected, compieted, compiied with and ab~ded 5y, then io either or any wch event the sa~d ag~
gregate sum menrioned in said promissory note then remaining urpaid, with interest aarued, and all moneys secured hereby, shail become dve and pey-
able fnrthwith, or thereafter, at the option of eaid MOR7GAGEE, as fu~Iy and comp!e;ely as if all of dee said sums of money were ai~ginaliy stlpuiated
to be pa~d ~n such day, anything in sa:d pro:r~issory note or in this Mortgage to the contrary notwirhsrand~ng; and thereupon or thereafter at the op~~on of
ia~d MORTGAGE@, witheut no+ice or demand, w~t at law or in equity, therefore or tt~ereafter begun, may be prosecuted as if all moneys se:ured hereby
ha~ matWred pnor ro its institution.
That :n the event that at the beginr.ing of or at any time pending any suit upon thls htiortgage, or to foredose it, or to reform it, or to enforce
payrnent oi any claims hereunder, said MORTGAGEE sF+ai; a~ply to the Court having jurisd:crlon thereot for the appo~ntment of a Rece+ver, such Court sha~l
iorthwith appoint a receiver of said mortgaged property aii and singular, includ~ng all and s~;~gu'ar the mcoma, proirts, issues and revenues from whatever
source derived, cach and every of which, it being expressiy understcod, is ner:by mertgaged as if specificaily set forth and described in the granting and
habendum c(auses hereof, and s~ch Receivrr shali have a!! the broad and effecrrve f~nct,ons and powers in anywise entrusted by a Court to a Receiver, and
such appeintme~v sha~l be made by such Court as an ad:nirted equity and a m.atter of absol~te r~ght to sa~d MORTGAGEE, and without reference ro th~
adequaty or inaclequacy of the val~e of the property rrertgaged or to the so,vency or fnso+.venty of said tJIORTGAGOR o~ the defenda~ts, and rha! s~ch
renrs, profits, income, isaues and revenues shall be appiled by such Receiver acco:d~ng to thz {ien or eqvit~r uf said MORiGAGEE and rhe practice of wch
Court.
8. 7o duly, prompNy and fully perform, d~scnarge, exewre, effect, comp!ete, comply wirh and abide by each and every the stipvlat;ons, agreerrenis,
cond;iions and covenants m sa~d prom+ssory note and ~hs n~~o;tgage set iortn.
9. 7hat in the e:ent tFe ownershlp of the mortgaged premisPs. or any part thereof, becomes vested ~n a persor. other t{t3h the MORTGAGOR, the
MORTGAGEE, its suaessors ar,d assigns, may, w:rho,;t r~otic~ to the MORTGAOR, deal w~th such successor or s::ctessor fn interest witn refererce to tnis
mortgage and rhe deb~ hereby serured in rhe same msrenc, as wiih 1,lortgagor wtihout in any way vif~a~ing o~ d:scharq~~,g the Morrg~gors' liat;ility here-
under or upon the dett hereby secured. No sa'e o~ the F:~e~•~ses h~reby mortga~ed and no forbearan~e on the part ef the MO^nTGAGEE or its successors
or essigns and .^.o extension of rhe time for rhe payr*,.enr of t'rc de6r h•~:eby sewred g~ven by the h1'JRTGAGEE cr ~ts successors cr ass:gr.s, >iiall operat~
~o re~ease, d~scharge, modify change or affect the or~g;nal l~au:i,ry of the MORTGAGOR here~n, either in whoie or in part.
1p. It is spec~ficaliy agreed ~hat t~m> ~s of th~~ ess~n-e of this conrract ar.d thar no waiver of any ob,~gat~on here~nder or cf the ob!igation se-
c~red hereby shali at any time rhereafter be heid to be a waiver of rfie terms hsreof or of the ir~srrumenr secvred herby.
11. 1n add.tion !o the forego ng rrsonth!, paym•zn~s ef ~.;i^c pai and int~resf requ~ted by th.~ pr~n~'ss:ry ro~a srcu•ed hereb~. me~tg~yor cevenants
and agrees ~o pay !o mortgag~e v,ith each mcr:th'y p,~~; ent ar: aci:i riona~ sum ;s+ ^•a!ed b~ mortgagee ro 6e e~,ai to ! i2 of t!,~ ~~inual cosr of the follew-
ing:
A-All real properh/ !;xa: tevied cr asscsscu aq3i• s! th.. ahove desvibr_d reaf esrat~~.
B--P~s:r.;u rs on fre and w~r.dsterc: ies::~,rce as nere;~, req.;;r~d to be tarr~ed en tFe ,:,evere.its s~vate on 1}1_ dCJVC d_sc~ibed premisc5.
C-P;erniuros on such mortgage guaranty ir.surar..e 35 n10't(~d~2Z shaii frpm t me re ti~ne dee^~ i~r to :arry on the !oan sec~:ed hereby.
Mor!gagee shali frcm ti-n:• te t~m:e nc!:f; T.ert~~gcr :n w, t:ng of the amo~.nt doc ar.d payab'.e he~z~nder a+~d s_th s:~ sh~ i th~rcupon be cSue a^d
Nayable on t~e d.;e cat~ of rh~ rc~xt n:o^rn:~ p;;y~>,enr a•~d e,ch s:;cc~ssive ~r.o^,th t~ereafr~r ~r.~i1 mcrtgagee sh~!I no'Ify n~,orrg~g~; ot a change in such
art,ounL Such sums sFa!; t.~: sp~~'ied `..~y mor!gao•:e to:~ar~ !}7e paymenr of reai pro~,e~ty taxes, ins~ra.~ce prem.~rns, a~.d roortgage guar;nty ins~rar,ce
premi~ms. ~
IN 'd?lTNE~S c"O"r, the said MORTGAGCR has ner~nro ;et his hard and sca'. the day and~year tirst a'oresaid.
Signed, eal e 'vered in the preaence of: ~ , i
- _ ~ • 1- i _ ~
.(Seat)
i ~ - 7L~ " `~'i-~ e
- - _ _i5ea1}
- - - - % (5eal)
- - ~ -(Seal)
STATE OF fLpR;DA
COUNTY OF J~, LUC 1 ~
Before me persona!ly appeared ~ $J ~6' ~ Z~*1_~? ^ _ and
_ Thelma ti. ~an er
- ~ _ his wifo, to mc Hrell known and known to me to be
the indlviduals dzscrio=d in vnd who executed the foregoing instrument, e~d acknowfedged be!ore me that they exe:uted the same for the purpose~
therein expressed. And the said___~___~~__ `~~2°7 iR8 A_ ~AnrTOr
' " ~ _
wife of the said ~ i ? ~ 8'1~'
,P_„~ upan a seoarete and private
ex~minatlen by ma taken separate and apzrt from Fer said husband, ackrowledgecJ to ard be`cre me that she executed said instr~mert f~ee+y ar,d voiun-
!ari~y ar.d rv!thout ar.y compufsion, cor,straint, anprehe/~~s~lo~ or fear of o~ frum her said husb nd.
~ YJITtiESS my fiand and afficiat seal thls___Ld~_~` day of_ A. D. 19-~_
~ -Lu ~ -
f orary P,~b!i: in and for the Sfate of Flotid~, pt Large
k / y Commis3ion expires: ~ _ ~ ~ ,
~ ~ ' Yij~~y..
~ Re!urn to: e~~
C'
' first federal Savir.gs 8 losn Assedat~an j •
Of Fert P:u,~~, ,
F Fort P~a ce, Flo~~d; ARY PUBIff. ST.'-TE nf fL~~R10'~ a?. l:AR6~ ~i : r^`~'•'
j NUT - 24, 1969~ _ ~ • ~
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