HomeMy WebLinkAbout0700 3. To piace and ~antinuousiy kecp on ~he ouI'~~ngs ~,ov, o~ he~esiter s~rcn~e un s, d:snc; .;r,a _:•a .:~;:::~n~ a-,~~f ps•:a,a~!y covered bv tnis morrq.
- ege, with al! premiurns thcreon p31~{ in full, fire ;nt„ranc? n tne ~s~al standard po'ity (orm, in d SU!n dFN~O~CC~ b: the .MUR~vAGEc, and windstorm
insurante m tha usual s~andard po::cy for~~~, in a wrn appro~ed by thr h10RTGAGEE, in su:h co~nuany er cur.pan:es as thr ~tiIORTGAGEE may
direct; dnd all fir~ and windsto,-m inwrante pohc~es ort any of Sa~d bui!d~ngs, eny iNerest therein ar part thereof, in the aggregare s~m afOtesaid or
in excess fhereof, shall comain tha ~~sual sranrlarJ mvng.~g~e tlavse or wcn other dause as tha Mortgagea r.iay reyu!re, mai,ing fhe loss unda~ sa~d po!i~
tiea, each and every, payab!e to said ~.tpRTGAGEE as ~is intcrest may ay~paar, and each and every s~~ch no'~ty sh311 b~~ prornplly ,~fs g~ed and del~vered t~
any held by sa;d MORlGAGEE as fvrther s:turity io s~id ~nortgage debt, and, not !ess than ten (10) days i:~ advancv ef the expirat~on of each pol~cy, to da~
liver to said MORTGAGEE a renewa! thereof, togethar w~th a receipf tur the prcrni~m of s~ch re~+e,na!; and !ha;e shatl b> r.o I~r~ p' yYliSiisro~~r~ i:~surance
ptaced on a~y oi said buitdings, any inrerest therc~n o~ pa~t ihareaf, un;ess in the form a•~d .v;~h the loss payabte as aforesaid; anci ih~ eva~~r any s~m
Of money becomta payab!e under s~ch pet~cy or pol~uaz said MORTG.AG~E shall !~ave rhE opilon to r~co~vv r~nd app!y the sa~ne on account of the indebt~~d~
ness secu~ed hereby or ro permit said MORTGAGORS to receiva and use it or any p:~rr t1~.~rrof ro~ ern• r;:~r; ~sc•s. .,:~r:~, r~h>-~ c. p.:,~~
ing any eqviry, lien or r.yht ~ndar o! Uy virrue of this mo:'gac~e; and in the event sa:d MQRTGAGOP.S sha!I for any reason fail to keep the ~aid p~tmises so
insu~ed, Or fail t0 deliver promp}ly any of s~id pol~tics of insurante fo sa~d MORTGAGE:, or fai: pr~n•,pt;y t0 pa~y !u:(y any prr~~u~:n th~•refor or en any
respect faii to perform, di3charge, execute, e.ect, complete, coy~ply wirh and ab~de by this covenant, or any p.~rt h.;recf, sa~d MUkTG;.GEE may p!ace a o
pay for s~ch insurance or any part thereof wnho~t waivi~g or affecting any opt~on, lien, equ~ty, o~ r~~h! under or by virtue of tt~ls h1ortgage, a~d the
full amo~M of each and every suth payment sha~f bz ~mmediately d~e and payable and shafl bear inrerest from fha datc tt:eicof unti~ p~~d at the rate oi
nine per cenrum per annu:n end to~e~her w~tfi such intcrest shaii bz secured by the lien of th~s mortgage.
4. To permit, commit or suffer no waste, impairment or deteriorbtion of said property or any part the~rof.
5. To pay all and singufar the tosts, charges and expenses, includ~ng a reasonable anorney's fee and costs of absiracts ef t(t(e, fn~ur~ed or pa~d as
any time by 3aid MORiGAG~E, be<ause or in the even~ of the failure on the pan of the said MORT;,r~GOR to duly, pr~mptly and fu~iy p~rfonn, d~scharge.
exec~te, effect, cemptete, comply w~th and ab:dr by sach and every the st]pularlons, agreementi, cond~tions, end coven~nts of sa~d pro,nissory nore and ~F,is
morrgage any or e~ther, and said co3ta, cha~ges and experses, °ach and every, shafi he imn~ediately due and payable; e~,hethe~ or not there be not~ce d~
mand, attempt to coiled or s~it pending; and rhe fu!1 amount of each and every such payrr,en~ shal; be~r intcrest frorn the date th?:eof until paid at the
r~te o! nine per cent~ni p~:r ~~i~w.~ , vnd all sa~d custs. c'r,~rgcs and ex~anses ir,c~rred or paid, together wrth wch interes!, shatl be sewred by the 'tien of th~s
mortgage.
6, 7hat (a) in the even! of any breach of thls T+lortgage ur default on the part of the NtORTGAGOR, or (b) in the event any of sa'd sums of money
herein referr¢d to b~ not prompNy and ful~y paid w~tnin th~ny (30) days next atter Ihe sa~ne severa:ly tecome due anp payaLle, without demand or noti:e,
or (c) in the event each and every ihe stipu~ations, agreements, tond~tio~is and covenanrs of sa.d prom;ssery note and ih:s mortgage any or either are not
~ufy, promptly and fuily performed, d.scharg~d, exec~ted, effected, completed, complled with and ab~dcd 5y, then in e~ther or any such event the sa~d ag~
gregate sum menuo~izd in sa~d prom~ssory note then remaining unpaid, with intere>t accrued, and ali morrys sec~red hereby, shall become due erd pay~
able fonhwith, o~ lhereafrer, at the opt~on of s~id ,ti10RTGAGEE, as fuliy and complet~ly as if all of the sald s~~ms of money wcre onginally st~pulated
fo be pe~d on such dcy, anything in sa;d prom~ssory note or in th;s Mortgaga to the iontrary notwiihst3nd~:,g; and thcreupon or tF~ereafter at the opf~on of
said MORTGAGEE, v,;thov~ notice or demand, s~ir ar ta~v or in equiry, therefore or thereeher begvn, muy be prosecuted as it all moneys secured hereb~
had matured pnor to its inslitution.
7. That in the event that at the beginn~ng of or at any t~rne pend~ng any s~it upen thls PJ4ortgaae, or to foratlose it, or to reform it, or to enforce
paymeM of any ciaims hereunder, said ,11(JRTGAGEE shaH apply ro the Gourt hav~r.g ju~;sn;ction thereof !or ihe appointment of a Receiver, s~~ch Court sha~i
forthwith appoint a reeeieer of s~id mongaged property ali and sir}yuiar, in~lud ng all and sing~!ar tt:e ir.ceme, prof~ts, issues ane± reverwes iro-n wh,tever
seurce derived, each and e~ery cf wh~ch, it be~ng expressly understocd, ]s hereby mortgaged as if spec;r~cai;y set fo~th and described in rhe g.anrir,g ar,d
habendum dauses hereof, and such Receiver shail have ail the broad and zffective func~,o~~s and powen in anywise entrusted by a Court to a Rec~iver, z~:d
t~;ch appointment shal! be made by svch Co~r as ar, ad~nitted eq~ity and a mat;er of a!:.solute right to said MORTGAGEF, and wirhout refercr~ce to the
adequaty or inadequacy oi YI~e vaiue of rhe properry mortgaged or to rhe so.vency er ~;solvency of said MOR~GAGOR or the defendants, ar.d that su;h
renrs, profits, income, iss~es and revenues snaii be opp~ied by svch Reieiver aaordiny to the lien or eyuity of said 1~10RTGAGEE ar.d the pract~c~ of such
Court.
8. To d~~ty, prorr,,t,y and fu:iy perform, dls:hargn, execute, ef'ect, compiete, carnp'y :,,-;rh and ab;de by each ~nd every the stipv{ations, agree:nents,
conditions and covenanrs 'n sa~d promissory nute aod ~h;s rt•.ortqage s=t foitn.
4. That in the e:ent the owrzersh p of rh~ r. ortgaged prem~sez; or any F~rt thereof, t~comes vest~;~ in a oerson other than the MJkTGAGCR, the
h"~ORTGAGEE, its wccesse~s and assigns. IP.3y, v.:!f~~ut r.orta fo tne ,ti',O~iGAO~, dea: w~rh <_~~ch s~~ccessor or s~ctesso~ in inle~est v~~'h reference to ih~s
mortgage ar.d the de:.~~ hereby secured in rhe saMe r•anner as wi;h I':lorrgagor ~.•~?hout in any way vir;~t~n~ or d~scharg~n~ tne h'~c:rGagors' !iabiGty here-
ur.d~r or ucon the d~b~ hereby sec~~red. No ss'_ o~ r~~~ Fre~~~.~s*•s l~creby n~c+rgage3 and no icrbeara.~ce ~n tF~e pan ef rhe l,",ORTGA.GE~ o~ irs auccessr,rs
or assigns and no eRtens;o ~ of ihe Y,me fo! !hr pa~rrent oi the debr herecy secured givr_n by tne 1AOR?GAGE_ or Its succesaors or ass;grs, ~f~~ail ope~ate
ro re!ease, d~scharge, mod~fy char.ge cr a`fecT tne erig;nzi Ga~.;:ty of the Y.ORiGAGOk here~n, either in whole or in part.
10. It is npet~f~ca~iy agreed ti~at time is c` the essence of tfi:s co~rrzU ar.d ttiat no waiver of ar:y ob~ ganon hereunder cr of th~ obliga!ion se-
c~red hareby sha`i a! any tin:e thereafrer be 'r.e;d !o be a v.~ai~cr cf th? te~a~s hereof ot of ihe ~ns!r~~~,ent se:ured h~rhy.
ll. Jn ~ddr;;:> >o the fo,-ego'n~ a~o~~!;;'y r.ay~. ~nts cf ;r~:,cpa! _nd in~cres+ r~,q~.;•~~d 'c~ rhe pror-•ssrry no~a scc~red h~r~b~, n;crtg~gor covenan?s
and agrees ~c pay to n~.ortgagee v.irh each r, o:;+~, i Pa,~ er:r an ~dJ r,~nal sum cs~ ~ arcd b; r.~~,~ga~ee to t,e ByV3I t0 : ot t:;~ ~n,,u:ji cosr cf th~ foliox-
:ny:
A-AI: re.al prop~rty tax=s levied o~ asse~s~,; ag3;~,sr rh,~. abo:e des, r,~.ed r.al esro~e.
B-Prr.~!~~ns on fire and nir.cisro.,,; Insura ~:a i~~~-c:n r:qv.red to be ca~;;,_d c~ thr .;:rcveme~ts ::!cat,, cn tf:_ aboie d_sc~iL~d premises.
C-Prr.riu:~~s on s~~ch rrort3_~ge gua•a,~ty icsurar cz as ~no•rgay~e sFa':i ~rc-~ t~-~e *o t,•nr, dcec~ f~t 'o carry on the !ean s:wred i~er-rby.
"~.ortgagez sh.~!I f,o~r. t~~,-._~ ro ri-,c ~.or;~, rorr;.;gor ~n ,,,-[t rg of thn a~-o,n! d,~ acd psyab!c h~-eund~r a•,d s_~d~ su:r sh:3!! t::~re~+;or, bc d~e and
payab!e on tn~ du~ c~_ ci rh~ ne~t ;ont^..; p~,.. ! 3n,-', eac~~ s~ccessive mo~,•h t~:e,eafr,r u;~~I mcrtga~ee sha',I nor~'y r~o~•_agor ef a chan~e in w~h
an:o~nr. Such su~rs sFa~, app'ieo by mor;•~a^y~:c ,~r•:~rd t~e payr-~.e"~t o! r_a'. prcperty taxes, i^surn~~.~.~_ pren~..~rrs, a:~.d .•,.o~t~age ycaraNy insurance
nremiums.
IN 'd1iTNE5$ `;;HERcOF, the said h1GRTG;,GOR has h~;re~-,to se! n;s hard and s^a! the da~ and year iryi aforesai
' ed, aled ar delivere n tne ~asence of:
` ir_ ,n ~ j 1...- f,
- -r---- - ~ ~FBeai)
titi~ ' ~ ~
- - (Seal)
- (Seal)
STATE OF FLORiOA ~
55.
COUNTY Of _ UaZnt I~UC~l~__~~.__ ~
~ Before me parsonalty appeared ~011 Hut~hinst~n
- - - a n d
_ _ B6t___t~_Ci. Hutehinson h~s wife, to mz well known a~d known to me to 6e
the irdivid~a~s descr~bed in and who executed the foregoing instrument, anc! ackrtowledged befora me rhat they executed tne sarne for tne N~,NO;e;
therein expressed. Ar•d the said___________~~ _ BBt~iY Cy Hutchinsnn
~ wiie of the sa:a D~n E. Hutehin~on -„Po., a sepa~ate and private
exam~r.atlon by me taken S@~ifd1@ anci dD3't frcm~ her sa~d hysoand, ackncwledged to and before me that she exetuted said ir.;trument free~y ar,d va!un-
tar~(y and •rr;tt~ovt any campu'sion, co:~straint, apprehe~s: n~ fear of or from her husband.
r~~ /
Y~'17~~E55 my har.d and offfc~a! seal inis-- - day of • - A. D. 19 ~ V
: ~~~i~°='--- -
, Pioi3r~ Pub~~c in and ~or ihe 5tate of Piorida at Large
My Cemmissicn expires:
Re!urn To: . NoKiry Pu';hc, S+a±e ot Flor`da at Lnrp,e
F;rst FeC-~;af Savirgs S Loan As~ion 1/!y ;;;;t !:<i:,res i:Ov. 1~}55
O~ iori P~~rt@:r~~; 'rr: Bo;~~~e~ ::y i5,fitttl.:Ztf~ Su.@:y L:O. Oi id. Y.
Fcrt Pie'c'•, H,~~e~e . ,
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` ~~,y~ Fil.Ed?. A RE g40K ~ ~
- t ~ ~ 1N_ • ry' .
- - : (t^tT ~°~''-c'''"~ + ~ ~ ' - „ , '
. : ~ '~5 M1Y Z6 ~ ,3~r . _
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~ R~~~A P01~fRAS. CLERK ~ _ -
600K~~~7 ~ +~7 Sl'. ~~~OR pA N~Y,
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