HomeMy WebLinkAbout0702 3. To place end .on~in~o~sry keap on tne b~~:d~r~gs ncw or he'esfter s:tuare or'~ sa d innd end on a rn,,,iu~~~ent o~~d personat(y covered by th;y mo~tg~
eye, with 0i1 premivms thereon pa;d in full, fhc ins~r~r.ce in the usvt~ sta~c+~rd poGty fo~m, in a sum approvcd by the MOR~G~GEc, and windstam
inSUrance in the utual stand~ra pollcy lorm, in a sum appreved by the MORTGAGEE, in such co~npany ot com~?anies as the h10RrC~AGEE mdy
dirett; and all fi~e and w~ndstorm insvrancz palicies cn any of said buifclings, any inte~esr the~r~~~ or pari thereef, in the ayg:.gate svm atoresaid or
in exce~s thereof, shall coniain the ~wat stardard mortgagea ctouse u~ wch other clause as tha Mortgagee ~t~av req~~re, mak:ng ~he ~oss ~nder sa~d poli-
ciee: each and overf, payable to said MORTGAGEE as ns interest may appear, and each and ev~ry such poGr~ shall 6e prompNy ass g•~ecl ~nd de.;verad ro
any held by sa~d MORIG.4GEE as f:frther ~ecvriiy to said ~nongage debt, and, not less than ten (10) daya i~~ aJ~~ance of the expirat~on c+1 eath Fwlicy, to dz-
livsr to eaid MORTGAGEE a renowai thereof, togethar with a rece~pl ior rhe premium of such renev.ai; and there shall be no f~re or W~i,C~5t0'~n ~nsvrance
plated on any of sa~d buildings, any imcres~ Ihere~n or par~ thereof, unless in the Form and w~th tt>e loss payab:e a; aioresa~d; and in rhe event any sum
of money becomes payobia undzr wch pol~cy or poGcies said MORTGAGFE shall have ~h~ opt~on to reca~ve and apFly rne same on accu~~v of the indvbt~•d~
neas secured hereby or ro per~n~t sa~d 1J10RTGAGORS to receive anc~ use it or any ~,art tho:eof for o:i~:~ ~.u;, osrs. .::rno.:r rh:~~o, 41:;:~ c~ :~~:p..; -
ing any rq~~ry, lien Or righf ~r.de~ or by virtva of this mcr.•gage; and in the e~ent sa d MORTGAGORS sha!1 ;or any reason fail to keep the sa~d premisrs so
insured, or fail to deliver promprty any of said policies oF insurance to sald MORTGAGEE, or fai! promptiy to pay fu~ly any pre~niu:n therafor or i~ any
respec~ fail to perform, di:charge, execute, etfect, complete, ca:r.ply wirh and ab~de by this covenant, or any p:,r~ h.rec+f, said MORiGaGEE may p~ace a ~d
pay for such in~urance or any part thereo` wirhout waiving or affectinq any op~ion, lien, equ~ty, or ri~h~ urder or by virt~e of ih;s Morrgaga, and the
tull amount of each and every such payment shali br immed:ately due and payable and shail bear interest from tha data rhe~tof unrii paid at fhe rate ot
nine par centum par annum ~nd ro~e~her with such interesr sh~ii be secured by !he Gen of th~s mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of sa~d property or any part thereof.
S. To pay ail nnd singula~ the co3ts, charges ard expenses, induding a reasonab(e attorney's fea and costs of aosrracts of tit'e, incurred or paid at
any time by said MvRTGAGE"c, beta~se or in the event of the foilure on ihe part of the said MOR7GAGCR to du;y, pranptly anc~ fully perform, d~scharge.
execute, effcct, c~mp~ete, comply with and ab:de by each and every thr stip~lations, agreements, cond~t~ons, an~ ~ovenanta of sa~d promissory note and ih~s
mortgage any or ei~her, and sa~d costs, charges and expe~se~, each and every, shall be immrd~ately due ar,d payab~e; whether or nor there be no'ice d~
mand, atternpt to coliect or suit pend~rtg; ar~d rhe fuf! amount of each snd every evch paymam shall bea: interest froir, th~ date thereof ~ntil paid at ti~e
ra;e of n~ne per <entum per an~~u n; anc: all said cosis, cnarges and expenses fnc~rred or pa~d, together w~th suth interest, shall be secured by the I~an of th:s
- mortgage.
5. That (a) in the eveni of any breach of this Morrgage or defao!t on ths prrt of the MORTGAGOR, or (b) ~n the event any of sa;d sums of money
herein teferred to be not prompt;y and fuNy pa~d within th~rty j30? days next a"tt~r ~he sa~ne severaliy becane due and payable, wiihou~ demand o~ notice,
or (c) in thz wvenf each and every the sriputa~ions, agreements, c~nditions and covenanrs of sa,d promissory nore a+,~ rh;s morigage any of either are nof
i~iy, promptly and fuily perfonned, d,scnz~ged, executed, effecred: complated, complled ~n~irh and ablded 5y, then in either or any such evant the sa:d ag
gregate sum mentioned in said prom{ssery note then remaining unpaid, with intere>t accrued, and alf moneys scwred hereby, ahall become d~e and ~ay-
able forthwith, or thereafter, ar tne option of sai~ MC)RTGAGEE, as fully and completely as ii all of tl~e sa d wms of money w^re originally stlpuiated
to be pa~d on s~ch day, anything in sa:d pro:n:ssory note or in this Mo~tgage to the tontrary notwithst3nding; and therevpon or thereafter at the opt~on of
szid MORTGAGEE, without norice or demand, suit at iaw or in equity, therefore or thereafrer begvn, rnay be prosecuted as if all moneys sec~red hereby
nad mat~red p;~er ro ita institution.
7. Tha! in the event rhat at the beginning of or at any time pending any su:t upon this Mortgaye, or to foreclose it, or to reform it, or to enforce
p~yment of any uaims hereundzr, said MORTGAGEE sha!I apply to tfie Court ha~~ng iur~sd;cr~on ti~ervof for th~ appointrnent of a Receiver, svch Cour; shail
forihwith appo;nt a receF~er of said mortaaged properiy all and singular, indud ng all and sing~lar the ~ncome, prof~ts, issues and revenues from whate~er
source derived, each and every of whkh, it being expressly understood, is hereby morrgaged as ~f spec~{~catly set forth and desu~bed in the granfing and
habendum c~auses hereof, and such Receiver sna!! have a:! the br~ad and etfect;ve funct,ons and ~owers in any•~•ise entr~sted 6y a Court to a Receiver, and
such appointment shatl be made by such Court as an admitted equity and a matter of absolute rigM to said MORTGAG~E, and without referrnce to the
aciequacy er inadeqvacy of the val~e of the property mongaged or to the so~vency or insotvency o( sa;d A1~R?GAGOR er the defc~~danrs, and thaf such
rents, profits, :ncorr:e, issues and rever.ves shall be appiied by tuch Receiver accord~~ig tu the lien or equity of sa~d MORTGAGEE anti the practice of such
Court,
8. To duly, prompt;y and fui!y perform, d~scharge, execute, effect, complete, comply wirh ar,d ab~de by each and every the st+pvlstic»s, agreements,
conditio^s and covenanrs in said promissory note anc~ this mortgaye s~t forth.
9. That in the event the ownershlp of the mortgaged prernises, cr any p~r, thereot, ~ecomes vested in a person other than the MQRTGAGOR, the
MOR7GAGEE, its s~ccessors and assigns, m~y, witho~t notice to tr.e t,1pRTGAOR, dea~ •,~vith such successer or r.,ecessor in :nteresr v:irh reFerence to this
morrgage and ttie debt hereby secured in the same mann~r as with Mortgagor w~tho~t in any way vit~ating or d~sch3;ging ~he Morfyagur3' I~ahiiity here•
ur.der or upon the debt hereby secured. No sa!z of tiie ~:rem.ises h~reby mortgaged and no forbea!a~~ce en thE part of !he MAR7GfiGEE ur ir, successors
or ass~gns and np extension of ~he time for rhe paymer,r of tFie debt hereby secured given by ihe /rORTGAGEf or its s~~ccessors or ass:gns, ,{iall operate
to re!ease, d~scharge, rnodity change er affecr the orig~nal I~ao„~ty of she MORiGAGOR here~n, eitner in wheie or in part.
10. It is spec~ficaily agreed that time is of the essence of th{s contract and that no waiver of any obl~gat;on hereunder o~ of the ob:igatior. se-
c~red hereby sfiali at any time thcreafter be ne'd to be a wai~er of ihR terms hereof or of thr insrru~r~ent sec~~rd herby.
I 1. In add:tio~ to the fo,-eg0 ng ;r.on'h!y pay-nents of pri~c pai and inte~est requ~red by the prom.sscry r.otc s i:v~ed h~,r=,'t~ f, mo~tyacor to:enan?s
and ag~ees te pay to murtgagee w~th each r~cnth;y pay:,-,ent an add~~~or.al sum est~mated hy mortgagee to 6e eq~ai to 1]2 oi tne ann~al cost of tne follov:-
in~:
A-AII reai prop~rty taxas ievie~ or 355^SS~:I ag±i•~st tnc above descrihcd rea! es~aro.
B--P~err.~~ms o~ frc and ,,v;rdsto•:n insuraree as here~n requ:red !o be carried cn tnN ;m~;rovemenrs ;~!~ate cn tha a;~o•~e desvibcd nremises.
C-PfETiUn~•5 on wcn mort;,sae gua~anty ir.sura~,ce as m,ctgacee sf:ail fre~~ t'r,~,e ro t~~nc deem 4~t to carry on t!,e loan s^cured hereb~.
hlortgsgee 5ha'I frem tim~ to t~~ne no'~fy mortgagor ~n ~xriling of ~he amo~~t d~_• and E;oyahie hereundar ai~,d SUCFi 5c~~ shal! }here.upcn b•~ due ar.d
payab'e on the auc dafa of rhe ~x-xr ~+;c~th'; p~.,~neat a~:d eoch su;cessive m.o^.th r!•.crea(tar urt:' mcrtg~gee sha`:i no!:fj .nor?az~cr of a char.gz in wsh
.~~ount. Such SVTS s!~a:i be appiied by morrgag~~e tc-::ard the payrnent o' rea: prccerty taxes, ir,s~~ra,ce prem:~n,s, a,~d n,ortyage g,;3ranty insurance
~remium3.
I~ VrITraE55 V.'HERcOf, rhe sa:d MGRTG%.G012 has hereunto set hls ha, d and seal ihe d~y and year first aiores.~id.
igned, Seal and defi red in the presence of: ~ ~ ~
` ~ , ~ __(Seai)
~ ~ _ (Seat)
_ ~(Sea11
- ~.~__(Seal)
STATE OF FLORIDA '
COUNTY t)F Sain'~_.j~l~~~ ` ;
Before me persona!ly appeared ~OT'ATt ~flr A~qAri _ _ ~ and
B9strj'C~=~---"~`L~~ his wife, to me well known and kr,~wn to me to be
the individuais described in and who executed thM foregoing ir.strument, and acknow;edged ~Sefore me that they exe:uted the sa~ne for tha purposes
therein expressed. And the said__________ B@8tI'~C~ _V~ B4~$II
r+ife of fhe 3a~a Lnren W~ BOf7SI1 Upon a separate and private
f ex~minat;on by me ta4en separate and a~art ',rom her said husband, a.knowiedged to and betore me that ehe executed said insfrument freely and volun-
E tar;;y and W(iROUt d~l~+ LOT~UiS!Otl~ corstraint, app;ehens:or;,,,pr fear of or from her said husband.
j~ LIG
WITtiE55 my hand and officiaf seal this_- __~o~`___ day of~ , A. C. 19 6~
~_-~-x.~~' ~
' Notzry l;c in and for the State of F{orida at large
~ : :~.,~r
f My Co m~ssion expires:
fir:t fed~r,ii •SbNnc,ri~'$': Ld,,~ fi3soc+ation
Qf Fo~r }~c~re ~ u::ir ~~'t `e n+ ~'o~~dn ~t l.ari(a
f-.~, P:erre' Fiot~d~ N G~ a MC a~~~wr,~ s • f•u~ ~~s7
_ a~ R~ pQ r~.n~G,n.an 5ur~ty ~:c,. o# Y.
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