HomeMy WebLinkAbout0704 3. To place and cuntir.uously keeo o~t th: b_~'d:nc~s no..• or neraafta; siruare on ;.,id ian;i a~ ci : n~;. equ~p~»ent and pereor~fiy rovered by this rnortg•
ege, with ell premiu~~~s thereon pa~d fn full, f~ra ins~rance ~n the ~sual standard po!icy form, in a s~;n approved by the Mvk~v.lGEe, end windstorm
insur~nce in the usual itandard po!:cy form, in a sum approved by rhz MORTGAGEF. in wch company or companies as ~he h10RTGAG~E may
direct; and all fire and w~nustorm ic~s~rance policles on rny of said build~ngs, a~y interest tF.erein o~ part thereof, in the aggr~gate wm atoresaid or
in excess thereof, ,ha!I :romain the us..al sta~~,dcrd rnurtgagee clause or s~ch orher c~ause as the Mortgegee may requ:re, making rh~ loss under sa~d poli•
cle~, each and every, payab'a to said MpR7GAGEE ;a ~ts inte~est may appeer, and each ar.d every such po!!cy s1,~11 be prompriy assgned and delivered ro
eny held by sald MOR(GAGEE as fur~hr~ sec~rity to satd mort9age d~bt, and, nof ~ess ~han ren (t0) deys i~ vdvance of the expuat~on of each pu!~cy, to de•
liver to said h1JRiGAGFE a~anewal thereof, tcgether with a receipr Tor the pramium of wch renewai; a~~d ~here shall be no f~re or windsto:m ina~rancr
placed on any of said 6uildings, uny interest therein ar part thereof, uniess in ~he fon7 and wifh the loss payab!e ~s aforesaid; and in the evenf any sum
of money becomes payab!e under s~ch policy or pol:cies s3id MORiGA~,EE shall have the opt~on to rec•~iv~ ~nd ap~~!y tha same on accounl of the indebted-
ness secured here6y or !o permit sa?d MORTGAGORS ro rece~ve and use it oi any par~ the:euf fcr O[~i:'r F:vr:'OSrS v..1hG~t thr~u; w~~.~.~~ or ~:npai~-
ing any equ~ty, lien or r~ght undzr or by v~rtue of rh(s mo:'ga9e; and in ~he evenr sa~d MORTGAGpRS ahafl for any reason fail te keep the said premises so
inswed, or fail !o de!iver prompfly any of said policies of insurante ro taid MORTGAGEE, or fa~! promptly to pay fuily any pre~~~~~m thzretor or in any
respecr fail to perform, d~scha~ge, execute, effect, tomplete, ca:t~ply with and ab~de by thix covenant, or any parr hereof, snid MGRiGAGEE may piace a^n
pay for such irtauranca or any parr thereof w~rhaur waiv~ng or affecting any option, lien, equ~ty, or r~ght ur.de~ ar b~ virtue oE rhi~ Mortgage, and the
full amount of each and every wch payment shall be immediately due and payable and shail bear interest from tha date thereof until poid at the rate ot
nine per cenrum per annum and togrther with such in+~:csr shali be securrd by the lien of this moslgege.
4, 7o permir, commit or suffer no waste, in•,pairn,rnt or deterioration of sa~d property or any part rhereot.
S. 7o pay a!! and singular the costs, charges and expensrs, lncluding a reasonabie atromey's fee and cos~s of abs~rads of title, incuned or paid af
any ti~ne by saici MORTGAGEE, beca~se or in the event of the fa:lure on tha part of the said MORTGAGOk to duly, promptly and futly porform, d~scharge
;xec~re, effed, comptere, co~„p?y w~th and ab:de by each and evcry rhe s~~pvlar~ons, agreementr, conditians, and cavenanh of said promissory note and ~h~s
mortgage any or errher, and sa:d cos!a, charges and expenses, each and every, shall be imme~iately due end payabte; whetho~ or not there be nor,~~ da
mand, attempt to colled or S~it Vc'nd:ng; and the f~(I amovnf of each and evrry svch payment shall bear inteiest from the date thereof vntil paid at the
r~re ei n;ne per c~~ntum per ~nnu:n; and au sa~d costs, cha~yes a~~d exuenses inw:red o: paid, togathrr wnh suth imerest, sha!I be secured by the lizn oi this
morrgage.
6. That (a) in the event of any breach of ti~is N~o~tc~age or defavir on rhe parr aF rhe ,MORTGAGOR, or ib) ;n the event any of said sums of n~oney
here~n referred to be not promptly anti fu!iy paid wi+hin tfi,rty j30) days nexi airer the sa~ne aevera;;y become d~e and payable, wiihout demand or nofice,
or (c) i~ the event each and every the s!ipuiat~ons, agreements, cond~t~ens and co~enants of sa:d promissory notz and th s Riertaage any or eithe~ are no1
july, prornpNy and fu;;y per{ormed, d:s:harg_d, execuied, effected, compkted, tomplied w~fh and ab~ded `~y, then ln e~ther or any such evero the said ag•
gregate sum mentioned in said promissory nore then remaining vnpald, with ~nteres~ acuued, a~d all ;noneys sec~red hereby, shall become due and pay~
ab~e fonhw~rh, or thereafter, at ~Fe op!ion of sa~d MORTGAGEE, as fully ard completely as i( ail of +I,~. said svms of money were origineliy st~pu:ated
!o be p.j~d on wch day, ar.ything in sa.d prem~sscry nete or ihis h1;~rtgag~ to fhe contrary notw~thstand~ng; and thereupon or thereafter at rhe opt~on cf
aaid MORTGAGEE, wi!ho~t nctice or demand, s~+t at law or in equ~ty, t~:~refore or thereafter begun, may he prosetufed as if all moneys secwed hereby
had rnatured pnor to ~ts ins~it~tion.
7. That in the event that at the beginn~ng of or at any tlme pending any sv~t upon thi: lrlo~tgage, or to foreclose it, or to reiorm it, or to enforce
payment ot any claims he~eunder, said MORTGAGEE shali appiy to the Court i~aviny ju~~sd:c~ien the:e~f Eor the appo~ntmenr of a Rece+ver, such Co~rt shaii
forthwith appoint a receiver of said mortgaged property ail and s~nguiar, inc~ud ng aii and s~~~gular the in~ome, profits, iss~es ar.d rever,ues from whatever
a.urce derived, each and every of wh~ch, it being express'y undrrsiood, is F.ereby mor~gaged as if spec~fical:y se1 forth and described in the g~anting ar.d
habendum dauses hereof, and such Receiver shai} havz all the b~~^ad and etfect~ve f~nct.ons and po.4ers in anywise entrusied by ~ Co~rf to d Receiver, and
scch apoeintment shati be made by such Ceurt ai an admirted eq~ity and a rraiter of absolute right to said MORTGAGEE, and withovt reference to the
edequacy or inadequacy of the value of the proper!y mor~gaged or to the so.vency or ~nsolvency of saEd MORivAGOR or fhe defendants, ar.d ihat such
renrs, profits, income, issues ano revenues shai~ b~ aoplied by such Receive~ accord~ng to the lier, or equ~ty of said MOitTGAGEE and the practice of such
Court.
8. To du!y, prompt!y and fully perform, d~scfiarge, execu!e, effecf, :ompiete, ccr.:p.'y with and abide by each and eve!y the s??pu!atioJis, agreemems,
tondition~ and tovenants ~n said premiSSOry note and th:s mcr,gaye set torth.
9. That in the event the ownershlp of t{~c n,o!tga3ed pren•,iyes, or any~ part therecf, Lecomes vesfed in a person other than the MORTGAvUR, the
l1:ORTGAGEE, i!S successors and ass~gns, may, a:rho_t notic•~ to tne t,lpRTG.:OR, deai w~eh s~ch successnr or s.:ccessor in fn!erest v.~th refe~ence to this
mo~lyage and tha d:bt hereby secured in tFe sa•ne manr.er as .vi~fr P.1o~t~acor xithout in any way vit:ating or d scharg~ng the ~.1or.yagors' liability here-
under or upon th~ d°bt hereby sec~-ed. rdo s~ ::~i the pren•.~ses hereby rr,orlgaged end r,o ferbrarance on the pan of the f,10RTGAGEE or its svCC?ssors
or assigns and r,a exter.ro^ o` the timA fo~ rFe pa~n•ert o'r tne debr hereby sec~red g~~en by the t:,`.RTGAGEc or its successors or assigns, ahafl eperate
to !~iease, d~scharge, mod;fy change or affect tn: orig;na! i'~a~:I~t; of tne p:10RiGAvOR herein, either in whole or in part.
10. It ia spec'~ficaliy agree~J that tir„e is of the essence of ihls co~trar.r ar.d that no waiver of ar,y ob!;yat;on hereunder or of rhe oE~iiga!ion se•
c~red hereby shat~ at any tim: rlie:eafter be he:d ro be 3 W31vC% GI rhe te;:~.s hcreor or of the ir~st~~Tent seu~~ed hcrby.
1 t. !n ad~+:t;cn to :he fe~ege n~ ,r,enrn:y u:,y~r=ms ot .~..c p,,l and ~nr_„~.~t req~,:~red 6~ t1~~ Fi•On~, 55.~y ne~c s-cu•eo hcr•~b;, mertgagor eovenants
and agrees ?o pay to ~~;ert~~g.e ..~th each ;nor•~ Y' ~ .-,ni ar, adci.~:onai w-n esr r. a'ed bf mortgage-, to be e:~~>~ !0 1 12 ef !~~e anwa: cost of ihe fofir~~?-
ing:
A-r.ll ~es! property taxas o• ass;suci ag~i~,ss ih; aco~:e descri;cd re.a~ es'~t~.
B-P~em~urns en fire ard wir.dsto~m ;nsurarce 35 herein requ red to be carried en thc :-.proveme~ts sit~ase on the above describ~d premi=es.
C-Pre~n~~n~s on s~cn ~rert~;qe qVd'9!:'y ~r.s~~r.- ce as mon~ag~e shall .'rcr*~ t c_ rc !~~c.: dce~ . F~t ru carry on the toan secvred 'ne:ek~y.
h".ortgagze sh;!! ~rom !ic,~ to . ~ ~~cri', mc~tgag; r,n writ~ng oF the a~~ o~~t d: c and pa;ab~e hereund.r and such svr*~ shail thereupon be duc and
payab':e on the d.:e dat•~ of rhe ~~^xt :~,or!h'~ pay„enr a~-,d e_ch wcccssive rconth the-eaft^r ur.t~' mertg3g~e sha'I rct;fy nmo~tgaaor of a change in sucn
a~.-~o~mt. Such su;ns sF~'i be app'.ied by r--orrg>__„ o~:ard +i;: pay,^~ent ef reai propert; faaes, ins•~ra~o~ p~e~~~,.~ms. a~d rnortga~e gvaranty insurance
premiums.
IN \'JITN;55 :','N~R~Of, rhe sa~d MOR7G4GCk has h~revn?o set h~s hard anci scal ~hc day a:~d ar first afo~esa~d.
Signed, Se d and d' ered in tFe preaen:c of: ~
-_.~._(Seal?
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- ~ - (Seai)
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STATE C~ FlORfOA ~
COU4TY OF _ ~9 { 1']f' ,u .i a _ ~ ~
Befcre me persona~Iy appaared J_ M~,_ .Tanl~i n q _ ,
and
Dnri.g_~L.__ J~nki r.s _ h;s wi?e, to me wel! known and known !o me to be
fhe individuals described in and Y;ho executed the foregoir.g instr~m.ent, and ecknowledged before rre that they executed the sama for the purposes
therein expressed. And the said_~ DOI'~$ J~ Jenkins
wife of the sa~d ~ ~._M. J nkin~s , upon a separate and private
' exam:nat~on by me taken separate and apart frorn her said hwband, acknowfedged to and be`ore rne that sne execuret! said ihstrument freely and volun-
i tarily and w~tho~t any compufsion, :onstrainr, apprehens:o_~~or fear of or from her said husoand.
lJG
WITNcSS my h~rd and offic;al seai this___:~~ day o.` , A. D. 19~.~
-1 r`~:
. Noiary Pu c in and for the State of Fiorida at Large
My Comm,ss;on expiras:
~ keturn To:
rirst Federal Savings & Loan Assuciat~on
'+^'ary r"ub"c, Sta~e of r'ari'29~ a[-+~rgg
ot Fo~f P:~~tR. ~ornm ss'on Exp~ras Auq. 5, 1g67
~ .:urided By %+mar~can ~,ur~ty Co. of N. Y.
forfi~,er[e, flor~cla ';f::
4, DEp .
~ : ~!L .~.N RE~ ~~~K ~ : .
_ ~~"~1~1'~' . . • -
J~c - . . ~s
~ ' . j ~ ~ 3 ; ~ 3 _ , ` _
~~`~~~"~x~; , '65 ~+la _i,.~~~"~ . ~
-~;,;;~AS. CLERK
i~t~GE~t r ~
~`~C~ RlDA ~TY, 900K~~~ . ~O~
FLO
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