HomeMy WebLinkAbout1061 3. fo place and Cont~r.uO~:Siy keep on the hui'd:n~! ner• ar hac~~af•er s~tua;r on said ta^d n~d ~n ; e,~:;pnent acd pe~5ana11y covered by th~a mo~tg-
aga, w~th all premlums ~hereon f~.id ~n fuli, fire i~~.s,rar.cz in th~ ~~a.~al sr~ndard pol~ey torm, in a sum approved by ih~ .`1UR~v1GEE, and w~ndstor~n
ins~rance ~n thr usual Srar.dr.d pol.cy form, in a sum op~roved by thz MORTGAGEE, in such campany or com~~an~es es rhe h10RiGAGEE rnay
dirnct; and a11 fire and ,a:ndsrorm inwrance po!~Ges or• any of sa~d buiicl~ngs, any interzs~ therein or part thereoi, in the a~qrcga~e sum aforesaid or
in excess thereof, ~hsll contain tha usual sta~+dard mortga9ee cia~se or s~~ch other claust as the Mortgagee may req~.re, making ti~e Ioss cnde~ sa:d po~i-
ciee, each and every, pa~ab',e ro said A1~RTGAGEE as ~ts interest +nay appear, and eath and every svch po!~.y sha;t be prompr~y assgned and deGverrd ~o
any held by sa~d MORTGA~eE as funher s_curity ro ia~d n ortgage debt, and. not leis tnan ten (10) days in advance of fhe ezpiranc~i of each pei;cy, ro de-
livar to said MORTGAGEE a renewal thereof, tuyether with a receipt ior tfie premium of such ien~wat; and thzre sha:i be nu f.re or ~v~ndsro•~n innwance
pleced on any af sa;d bvlld,~,gs, any inte~est there~n or pan ~hereof, unless in ihe form and with the ioss paya~ie as aforesaid; and in ihe event a~~y sum
of mo~ey becomes pa;abie vnder wch po:icy or pot,ci~s sa;d 'AORYGAGEE sha{I have rha opt~on ro rrcc~ve end app!y th•~ s.~~~e on accevnt of ~he ind~bird~
ness securecl heieby or to permit sa~d P11pRTGAGORS to rec~•ive and use it er ~ny p:,n rh.~;i-of tc~ ori~• r pvr: ~scs. ~ ~~.p. ~r
ing any eqv~ty, fien o: ~~qht under or by virtue of this mcrrgage; and in the event sa d MCRTGAvORS sha!I for any rcason fal~ to keep the faic~ pr@mi2,~ so
ins~red, or fail to de!ivet promptiy any of said pul~cies of iniurant~ to sa:d h10RTGAGEE, or fai; proinptiy to pay ful!y any pre^~~. n thcrcfor u~ in a~y
respect fai~ to perform., discharge, execu~e, effect, comple~c comply wiih and abide by th;s covenan!, or any part hareoi, ss~d M~RIGAGEE msp p~ace a n
pay for such insuiance or any part thereof without wa~ving or affecting any option, lien, equlty, or r~gfv ~nder or by v~rtue ot ih~s ,M.crigagr, and the
full amovnt of each and every such payment shail be imrnedia. •~v due and payable and shall bzar interest from th3 date thereo( ~ntil p,~. at tf~e ratz of
ni~e per centum per annum end tog~thcr wi~h such inte~~~st sh~li t~ ~_.reJ by the lien of th;s mortgage.
4. To pe~mit, c~mmil or suffer no waste, impairment or deterio~atia~ of said proprrty or any part thereof.
5. To pay all and singular the costs, charges and expenses, including a reasonabfe atromey's fee and cos's of abatracts of tn~e, incurreJ or pa~d at
any ti~re by said MQRTGAG~E, because or in the eve~t of the fa~ture on the pan of the said MpRTGAGOR te d~ly, promptiy and fuliy perform, d~scharqe
execute, effecr, compiete, comply w~th and ab:de Sy each and every the stipu~a~ions, agreemenis, conditions, and tover,anrs oi iafd promissory note and ~h~s
mortgage any or e~~her, and sa:d costs, cha~c~es and expenses, each and every, shail be immediarely due and payab;a; wherher or nor iherz be ~nnce d~
mand, atterr~pt ~o toliect or suit pending; and the full amount ef each and e~ery ?~ch paymem shail bear inftr25~ from the date thareof until pa~d at the
rire o~ nine uer centum per a~u~u:n; anc all said costy, charges and ex~r.:nses incurred ar pa~d, tegether wrth c~ch imerest, shail be sec~red by the tien of th~s
mor~gnge.
b. 7hat (a) irt the event of any breach of this Mortgage or defaul~ on th> part of the MORTGAGQR, or (b) in the event eny of sa'd sums of money
herein referred to be not promptly and fuliy paid w~thin rh~rty (30) days nrat aiter the same savera'ly become due and payable, wi~ho~~t demand or r.etica,
or (c) in ihe event each and every th~ stipu(ations, agreemeris, conditions and tovenants of sa d pron,~ssory nofe and th s n,ortgaga any or ei~her are no!
~uly, promptly and `uliy performed, d.scharg~d, executed, eifected, completed, compGed with ar,d abided 5y, then in e~ther or any such event the sa~d ag~
gregate aum mentioned in said promissory note then remaining ~npaid, with interest atcrued, and ati moneys secvred hereby, shall become due nnd pay
able forthwith, of rhereafter, at the oprion of said MORTGAGEE, as fully and completeiy as i! all of ~he sa+d sums of money were or~ginally st~p~;ated
to be pald an such d~y, anything in sa:d piomissory note or in this Mortgage to the contr~ry not~viihita~~ding; and thereupon or tfiereafter at the opr~cn of
safd MORTGAGEE, wirhout nortce or demand, sJir at faw or in rquity, thrrefo~e or lhereafter i,eg~~n, r,iay be prosecured as if all moneys secured hereby
had matured pnor to ~ts institurion.
7. That in the event that at the beginning of or at a~y time pending any suit upon t}~~s Mo~tgage, cr to fofeclose it, or to reform it, or to enforce
payment of any ctaims hereunder, said MORiGAGEE shall apply to the Court having ju;isd,crion fh:reef fnr the appoi~tment of a Receiver, tuch Court shail
Forrf~with appoint a re:eiver of said mortyaged propeny a!i and s~nguiar, includ:ng ai1 and s~n~ular fhe irron;e, prof~~s, issues ard revenues from whatever
source derived, each and every of which, it being expressiy understaod, is tiereby mongagcd as if spec~litaily set forth and described in !he grant;r.g and
habendum c+auses hereof, and such Receiver shall have a~i the broad and effect;ve funcr.er.s and powers in anyw~se erttrusted by a Covrt ta a.Receiver, and
•uch appointment shail be made by s~ch Court as an adneitted eq~ity and a matter of abso!utz right to sa:d•MORTGAGEE, and witFou~.~efprence.to the •
adeq~acy or inadequacy of the vatue of the property morrgaged or to thr ~o,vency or ~nso!ve»cy of said MORfGAGC1R of Ohe deEer:d~nts, and that such
renrs, profits, income, issves and revenves shalt be applied by wch Recerver accord.~ig to the I~en or eq~ii~ of sa~d MOR7GAGEE and lhe practke of such
CourL .
8. To duly, promptly and fulfy perform, d~scharge, execute, effect, cbmplete, comp;y with and a~.;ide by each and every the s±~pu':atiens, agreements,
tcrditions and cover,anrs ~n sa~d promisswy ncte and th;s rt,ortgage set forth.
9, That in t5e event *he own~~s~~p of th~ mortgaged ~rem~ses, or any part tne!eof, betorr+es ~ested in a pe~s~n other than the Mp2TG4GOR, the
MbRTGAGEE, its ss;ttzssors ar.j ass~gna, may, w~fnout notlce to the h10RiGtiU2, deal w~th s~ch s~ctessor o: s:.;cessor b, lnreres! wtn ~eferer.;e to it:~~
mortytge and the debl hereby :ecured in tne same manner as wi'h Mortgagor with~ut in any way vit;ating ot d:scharging the lfortg?gors' liaoiiity here-
under or upon the debt hereby secwed. No sa!c of tho Fr~n,~ses hereby mortgaged ar.d no forbearanre on tne ptrt o( tne !.10RTGAGEE or its s~tte>sors
or assigns and no extensfo~ nf rhr. rime !or ~he payn;e»t ef rhe debt ne;eby sec~red g~ven by the h+.ORTGAG:E or Irs successors or ass'gns, ,F~ail operate
to re!ease, discharge, modify change or affect the arig~nal I~ao:iity of the MGRTGAGOR he~e~n, either in Hhole or in part.
10. It is sperfical(y agreed !hnt time is of the essence of th~s contract end that no waiver of any ob! gat~on F~ere~~nder or of the ob!i~atian se-
c~red hereby ihali a~ any t~me th~reaher be he;d ro be a u•aiver of fhe term~ hereo~ or of the insrrvment secured herby.
11. In ~dd ~ic.~ ro tlte jore o'ng rr.o~rh!y E;ayrnents af pr;rc ,~al and interest requ~red by th~ p•om sscry no~e s:~~rre:; hercb~, morvga~or covenants
and agroes io pay to mortgagee v ith eacn ~r,on!h'.y payr :ent an addr.ional su~n cs' aied b~ mp!tgag~e to be eq~al to 1' 12 of the an ;ual cost of the fol!ow-
ing:
A-All rcai property taxes levi~d or asscsscd agai•~st th~ ab~ve describcd re31 estate.
S--Gre~;;u;ns on f~re ar.d w~r.dstorr~~ insvrarce as ne~ein •~qu;red ro be carried c~ 1V1~' . ~~OVE•"1C 113 s't~ate on tn~ ak;c~c d_;vi;.ed prem:ses.
C-Prerniums on such rnortc~;ge g~a~anty ir.sur~r ce as rr.crtga^yee shali from t me to ;iroe dcem f~t to carry on tne Iocn sccured herr-by.
Mortgagee shali ,'~om tlme to ti^~,e norif~ mcrtgago• In v;r~!~r.g ~f tne s•:•ou~t d;=: anJ payab!e hereur.der and soch surn sh.3!I tlierevpon bA d~_e and
cayable on the cluN oare ef !ha nex; n;onth!y paymcr;; and each successive :T~:o~'~th tnereaft~r ~r?if mcrig~gee sha!! no!:fy mortgagor pf a change in s~:h
amount. S~ch sums sha;l be app'.ied by mcrrgay•~e toward the payrnent of reai preperty taxes, ins~~ra.}ce F~een~ ~,Ts, a.•,d r.~,cr:gaae guaranty insurance
premiums.
V~RNf55 i"1H~ -pf, the sa~d A~~RTGAGOR has here~nto set h~s hand and seal the doy and ye3r firsr a'oresa~d. '
ned, Sea1 antJ efivered in the p~esence of:
t ~'~'L~"~.L-~ss~($eaf}
!Sea I)
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$TAT[ OF fLORIbA
SS.
COUN7Y OF ~ n~ LZIC? 8 ?
Befere me perfonally appeared Nf-'11-i~ R~ers 09Riordan, A W1C~41~ ~ ~d
~ia7CyX'i~i, to me well known and knorvn to me tc ~ae
the inc~~vidu described in and who executed the foregoinc~ instrument, and atknow;edged before me that ~8executed the same for the purpesaa
therein expressed. J'{rl~GB(e3~ic3C _
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VJiTNiSS my fiand and offiual seat this____~'~'~~_~ day cf__~--_' .TUjipt- A. D. i9~~.
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ROTARYPlJBtlG, Sik~E e' e~pp!n,4 at ~AR~E , v-
~ . . "~~tar~~ °ub'IC in and far itle,5fateio#-Fbridn et large
MY Ci;'t;r~15$':OH EhFiRES t,PR. 24; 19n9 ~ l~M1y Comm~ss~on expires: ' -
Return To: ~ y~~',• • v /I ~
F~rst Federat Savir. ys & Loan Associ~ti~n . ~r ~~D ~
~ Of Fort P:~rce. ~i ~p • , " -
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Fort Pi.,,ce, ~ fi~~~8~e
Florida ~~~R ~~P~IRIi~.~'T~`'C~Y~11P
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- . - - - A~~~~ ~ ) j HAS. CLERK
' ~ : • !~fi~ ~ ~1 ~AUAITY,
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