HomeMy WebLinkAbout0746 3. To p~ace and co7nnuo~sly keep cn if,., b~l'dfngs na.. or hereaiter s~r_jre on sa ci ~ann a,:n y,~F, rar± e~~d persona! i covared 'ay ~h~e mor~g.
ege, with ell pre~niurns ~h_~reon ~,i.d ~n (uli, f~re i~~svra:ice :~i tne usual s!andard po!icy fono. in s~~ n aq.p~caed b, thc "A~lk,'v a~~d w~ndstorm
ins~rance in the usual St3nCla~d po':cy fo~~:~, in a sv approved by ihe MORTGAGEE, in such canpsny ar e•npanirs as the h1i~RiC,AGEE may
duecr; and a!I fira ~r.d w~ndstorm ins~rancr po:i;les o:i any of sa~d '~ui!dmgs, ar,y interest therein or part thcreof, ~n the ag_r.~~gare su~n afo~esald or
in excass thereof, snal~ :ont~in the usual st~ndard m.or.g,~get cia~~se cr such ofher tlause as the Mortg~gae may req~~rz, making ~hr icss under sa~d poli-
c~es, each and every, pny~b!e to sa~d ~r~ORiGAGEE as ~rs imer~~st may ap~ear, and rach a~d evcry svch palcy sha~l be j~ron,ptly ass g~,ed anc! driivt~ed to
any held by sa~d MOR7GAG[E as furiher security to sa~d n,ortc~a~e debr, a~~d, not tesa r"an ten (l0) days i, advance of the exp~ration of each po!~cy, to da-
liver to said MORTGAGEE a renewal ihereof, togzthar with a rece~pt ror th;; prcmfum of such renewa!; _i,~d there shaU be no f~~e or ,,innsto~~n insurance
plated on any oi said buiid;ng~, any interesl there~n or part thereof, unless in the fonn and vcith the ~oss payab!e as afc~esaid; an~i in the e~ant any wm
of money becomes payab!a v~~der s~ch po;icy or po!~cies sa;d ,V10RTGAGEE shail have the oE:t!on ro receiva r.nd ~p~.!y th~ san,e on a;cou,~t of the inde~r~d•
ness s'rcured hereby or ro per.n~• sa;d 1rtpRTGkGORS to receivc and ise if er ,~~~y ~~:,rr th~~:~•oF i;r e~•~.:r c,.:r: c:c,s ..;t!,.-..,t ~h p.~
in~ any equ~ty, lien or right under or by virtva of ihis mcrtgage; and in tlie event sa'd MORTGAGORS sho!; ;or any reaso~z fail to keep thz said pre:n~s^s so
ins~red, or fait to deliver prompiiy any of soid policies of ins~~ance to sald MORTGAGEE, er i„~i P'='"G''~I to F'3Y ful;y any pr~•~n~~:n thr;etor or in a^y
retpect Fail ~o perform, di5charge, execute, efizn, con~plete, car.p~y wiih and ab~de by th~s co~erant, ar any pari h~reo{, said Ai1GP,iG~GEE n,ay p,ace a a
pay for such ir.surance or any part thereof w~ihout waiving or affacting any opt~on, lie~, eq~rty, or r;gnt under or k~y v~~tue of rhts ,1,ter~gage, and rhe
fuil am.unt of each and every svch payment shall be i,ninedlatelq ~ue and payab!e and shall ocar interest frorn thc; da~e th~reoi ~n!ii p;,id at the rate o!
nine per ccntum pe! annum and togrth~~r ~~ith such inter~~st shaii b? secur~.d by the lien o4 Ihii mortgag?.
4. To permit, commit o: suf(er no waste, impairment or deter~oration of said property or any pari thereof.
5. To pay a!I ard singular the costs, charges and expenses, inciud~ng a reasonable atromcy's fee and cosrs uf a~stracts of tir~2, ir.~urre~ or f,,.d ar
any tin•,e by said MORiGAG_`E, becouse or in rhe event of thc fa:lura on tna DJrT of the said h50RTGAGOR to d~iy, pio~npNy and fvliy pzrform, d~scharge
execure, effect, Cemplete, canply w~th and ab:de by eich and every the st~pulat~ons, a~rce~„ents, conditions, and covenanrs of sald prom~ssory nore and rh,s
mor'gage any or either, and sa:d costs, charges an~ expcnses, each anu ~~very, shoii be immrdiately due and payable; wherher or noi there Le no!~.e d~
mand, atrempt to co:iect or suit pend:ng; and the f~il amounr of each and every s~ch payment shali 6aar fnfc;ast frorn ~I~e date th~r_of ~ntil paid at ti~e
rate of nine uer ccns~m r.e: an~,,; anci ali said cc•sis, charges and ix_;e:.ses incurred or paid, foga:her w~rh s~ch interest, shal! br secured by >he l~en of th;s
m~rrgage.
b. That (a) in the evenr of any breach oi this Mortgage ar defav!t an the part of the MORTGnGOR, or ,b} in the event eny of sa:d sums of money
he~ein refe~;ed to be not promptly and f~lly pa~d wirh~n th;rty i3Ji days nent ait~~r the same sev~~a',y becon~e d~e and payabte, w~tho~t de:=~and or nc~ice,
or (c) in rhr event each and every the ;tipu;afions, anreex~n15, cend~!~ons and covenants o' sa d promissory note and ttils m:rtc~age any or ~~iher are not
~uly, pro~rpNy and fu~iy perfonned, d scharg.~d, execueed, effected, comp!eted, comp!~ed wifh and ablded 5y, then in e~ther or any sv:h cvent tne sa:d ag
greyate s~m mer.ti~r,ed in Said p~on~fssory no!e ti;en remaining unpaid, wi~h inrere;t acuued, and a%! moneys 5e[~red hereby, sha!I becum~ d~e and psy
abie 4or1!iwirh, or tl:ereaftar, at the option of said h10RTGA~EE, as ivliy and comp!eteiy as if a!I of the S.~id s~rT,s of money were orlgina~iy st pu;ated
to hz pa,d on such dcy, anythin~ in sa.d pro:n~~sory ncte ot in ihis 111crtgaga to the contrary r.ot.r~thstan~i~ 7g; and thereupcn or thcreafrer at the ot~f~on of
said MORiGAGEE, wiN:euf »oflte or demand, svit at !aw or in equity, therefore or thereaft~r begun, may be uros;.•c~fed as ~f ail moneys secured hereby
nad matured pr~or to ~ts insritution.
7. That in the event tha! at the beginning of or at any time p^nd~i:g any su;t ~pon th~s M•ertqage, er to foreclese it, or to reform it, or to enforce
paymen! of any cla~ms hereinder, said t~1'J4TGi+GEE shali .~~~piy fo the Court having ~ur~sd ction th:r~•o! fer ihe aepo;~i~r.~nt of a Receiver, wch Ce~rt sha~l
Fo;thwith appoint a reca~vei of said mortgaged prr~perty r;l ar.d singular, inciud ng a;i and sln~~!ar t~,~ incen~e, prof~rs, issues ard rrvenues fron~ wh:,tever
se~rCe derived, eaCh and every of wFr:ch, it bcirg 2xp•ess"y unde;srood, is 1~erel:y morrgageJ as if sp~i fiwily sct (orth anil describad in ihe gianring dnd
habend~m t!a~ses hereof, and svch Receiver shall have ail the 6r~ad and eff,~crlve f.mcr,o~zs a~~d po.~.ers in any.v~se entrustcd by a Cou~t to a Rec_iver, and
such appointment shaii be made by a~ch Cvurt as ar. admittcd eq~ity and a m,atter of a~se ~re r:ght to sa~d h10R7GAGEE, ard wirho~t referrrc~ ro the
edeq~aty or inadequatq of the vaive ot ihe preperty rr~ongaged or to the sa~ency er in;o'.vency of said NI~~RiGAGOR or the deiandants, and rhst s~.,ch
ren!s, profits, income, issues and reverucs shaU ba appl~ed by such Rec~i.er rc,or::.ng to the Ilen er eqv~ty of sald h1pkIGAGE~ and ti~~e pract~ce of s~ch
CO V (t.
8. To duly, promptly and ful!y pr~form, d;scha.oe, exea~'e, eftect, comp!ete, cor.,pl; with and a6:de by each ar,d eve!y tne st•pulatiers, agree:r,ents,
condit~ons and covenants m s:~~d promissory note o,~d th':s n•,ortgage set rorth,
9. Thz! in the e~ent the owrers~~p cf the ~nertg~acd p:em:ses, cr any parf the~eo', Lccon,es vested in a person other than tFe ;~AOF.?GAGO'~, ~he
M,LRTGAGEE, i!s 4vctes5crs 3~~d d55t~n>, tr,~y, yy~th~;tt rotic~ to ih~ ,'.;ORTG~pR, dea; vv~fh svch suctessor o! S~c;cssor ;n im.•~esi witn ri;fer~r,ce to tii,s
mo~tg~ge drd the d~of hereoy secured in tn= Same r,;3an~. as w~ih P.".oit~agor .,r~thc~t in any ,i,~3y vitlating er d•scf~,a•ging t~e IAC:!gaycrs' liaoi~ity here-
ur,der or upon the d~bt hereo~ set!~r~,;~. Ne s3: ~ ei e ~.•r ~.;s~~s h~reb; irorrgac~ed ard r~o forbe~ra~,ce en t~:e par~ of the ?~lORIvAGFE or irs s~ceessers
o~ essinns and nD ext~nsio? of ihe hme for the payment of th;e debt h^~eby secvred given by the OR?GAGEE or It3 succeuors e: ass gns, aha ! operate
ro ~eiease, d:scharge, modify change or affect tne cng,nai iiau,Lty of the M~ORTGAGOR her-r;n, e~ther :n wi~ole or in pait.
10. It is s~,ec;fically agreed rhat time is of t!-e essence ef this contracr and thaf no waiver of any oZ':gat cn hcreunder or of the ob!igation se-
t~red he~eby shaii at any time th_reafrer be h~'d to ~c a wai.er of thc termY h.=rcof or o! !he ~ns~rvn:ent SE'CWGC~ f;erby.
1t. In ~:id t:o~ to rh~ fore~c n3 nrh', F,:,y,, _n~s of :~i and I,,.,.cs~ re~u~•ed b; rt,., F;ro-~ scr; I`^'P S7CJ'G'~ h:.•;!,; ma~;s~~r eo~enanrS
and agrces to pay !o mc-tg~gee ~ni;h ea n,~^c ••h , Pa,; ar, ac~ Co~,a~ s:~~•~ . s, a+ed b~ mo~;; 3qee t~ be ey_~,! ro 1 12 oi r~ r„ c3! :os! oI thc fo~.
~On-
i11f~:
A-Ali re~l Froaeriy taxas levicd o~ as>ess d ao.~~ ~st tF,~_ at;~ve d~ sc~i';cd reai csta~e. ~
E- Pr ..:ur,:s on fire and r~ir,ds!o^ irs~_rarcc n:re~n r~qv sed ta L•e car•;:.J ih ~ r~_roee~,;e:+rs s~~~~t~ cn ;h,r abo:e d_su;:;_:d p~e,•,.;se_,
[-p•c;^.~,u:rs o~t surh rcorfg:ga g~ara:~:'i ns:;!~•.c_ as m~'!gagec s. a . t~r.~e to _ de~ . f:t c~•ry on t~~^ s_.~ ~d h..,.~~y.
h"ortua~e•_ sn~~i trern ti._ fo ti~:e ~~~c~'~f~ ,rc't,.~gcr :r, ..,.,.r~ ef thc tl~•_ ard pr:ah',^ I~e,~~nd:• a,•~d s~_.~ s;:..• ;h~~,! t-- =n be d,.%^ s,•.d
~d~,d~`I" On tr;; C~~e c9!e c~ IY ~ i,'tt ,:.C'l'r~. a'-.`~ e,. su~_~155rve , p•.•C 1"r'ea~~,' .i. r..t_~-e 5ti r ~1~.:
a-a;r.t. Such wr-s stia:i ?;e ~d ~r,o~t~ 'e:•i•J t:~,, c ' arc~~a~-~e in su_~
-,,f . ~or g'g: f;`~)'''= o, re.:' F~~~Nerty ~ax..s, r. s~~.,.,.. v.~~s. a.c} ~+y-„3,. c~._3~r;ty ir.5~ra!tCe
p~e+nium3.
IN `:11TNEJS Y:N- EOF. tha sa'd MGr.iGf-.G^R has i•.,rcu-!o s_! h;s h;rd ard sc_;i rh,:, da~ ~nd year first a~;;•~;:a:d.
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Sii.TE CF FLCRIDA ~
COU.'~TY OP SR?_T1t _ LrUClB ~
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Before me personc ~ appeared _~.~1.$_ ,hureh A T~ ~j~_ T)n~A1
• i and
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q~Se~- ~1QI1~~S~~__ h~s wife. to me wei! %r.o.vn ard kno.vn to mz to be
the ir.div~c~~a!t desaibed en ar.d who exetuted the foregoir,~ instrument, an~ atkr:owr!edged before me that they executed ;he sa~,e for tne purpo5~s
fhere,n expressed. And the said---_ -----.-------_~@L'`~gA ~(~*~'Z~n,----_____-
€ ,++;fz ci the sa;d -~t?II~ZC~jti~-_ThC1T.Ilj~507'1 u~o~ a sec3~atz and pr~vare
examinar,o~ 6~ m:: t;ken sep>_rate and apart frc: ~i he; sa~d husoar,d, acknovaledged to and before ,r.e that she executed sa~d instr~~-ei;t free:y and voi~n-
rar~:y a~:d w;tho;;t anr ccTpu.'s=on, to^sirair.t, a: ~~ehens;on, o~yar of or from her said h~pcand.
ti'i17'i45$ my hand and o°si:~e! s?al tht- r~d? °4 M~~~~_ A. D. i9
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Notzry ~b!IC in a~.d fo: the St;,te of Flc,:da at iv,tge..,4.
/ ~1y Commission expires: .
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