HomeMy WebLinkAbout1156 . 3. To placr and cont~nuo~tly kezp on ~h~• t:~::'cL~.~e •.c~~n , i~er~~ita~ ~~.a~~;i ....d c. ~n• _.-d persu~..:iip cover~d by th~s mortg-
ege, with all pre:i~iums thereon pa d~n fuii, t~rr ~..~~r., .cc ~n !he vswl sroncl.~:u~ p.':c~ form, in a,. eF rr~:ec~ b~ ±n~• 7rIJn"'.~::v[[, en;~ ,nindsrorn
insuran:e in the us~al srandard po,;.y fonn, in a sw~: ar,~ro~rJ t~y the ,ti".ORTG~~GEE, in wch ccr~,por.y or co~r~'anles as the .1~02TGAGEE may
direet; and a!I firr and w~ndstcrm ins~rance poiic~rs ~n 3ny uf a~id buiid nys, any interest therein or part th,•~co`, in the agg~_ya'e sv~n aforesaid o~
in excess ~hereof, shall contain ~he usual stanciard ;no:tgag:e uaus•: cr wch oih~~~ c~~se as the h5orryagee ~ray re:a~.re, maAing rh~• !ess ~ndrr sa~d poli•
cies, each rnd every, payab!e to said A10RTGAGEE as ~is ;nrer~-s~ may a~,p~~~r, ,,,d each and ev~ry such po ,.,r sh,~l t>e prOn~pt~y ass gned a~~d de:~~z~rrd ~o
nny held by sai~ MORTG.4GEE as funher secur~~y ro sa;d n;ortg~~e dcLt, ~nd not :ess than tcr (lU) days in ad~::n;e o! tna exp~~otion of each po:~cy, to de~
live~ 1a said MORTG~GEE a renewal thereui, toge+har with a rece~pt fcr the pre~n~um of such renew~i; i,~cl ~h~re s~~a:! b~ no f:~~ cr .~,nc~.s~c~m insurance
placed on any of said bui!dings, any interest thero:n or part theieof, un'ess in thz (onn and wi~h tha ~oss payaale as aforesaid; and in thz Event any SV~r
of money brcomes payab!e under such polity or po!~c~es sa~d MORTGAGEE sF.a~l have iFr opt:on to rrc~~~:~ ..~.J ;pp:; rl,e saue on aao~.~t oi rhe inde:;;eu
ness secureci hereby or ro pem,rt safd MORTGAGORS to rece~.e and use ii or „~~y ~~,:n ~h::roi I;:: ~ , s~ s, :..v :h ~ p:~'
ing any ec~u:ty, lien or right under or by virwe of this mcrt~age; and in tne event sa;d ,~!ORTGAGORS sha:l tor ar,y reason fa~l to karp the sald p~emisas su
inwred, or fail to delivei promptly any of said poi~des of ~nsurance to sa:d MORTGAGEE, er io,'. p:;;n pt;y to pay f~'ly any pre~n .,m theretc~ or in a~~~
respect fail to perform, discharge, exet~te, effect, corc~plete, Canply w:th and abida by th;s cvvenirn, or ar~y pa~t hereof, sa;d Mi~~R?LAG~E may p~ace a w
pay for suth insurance or any part thereof without waiving or affecting any opl~on, iien, eq~:~y, or r[ght vn_ic~ or by v~rice ef rh~s Morg~ge, nnd the
fu~l amount cf each and every such payment sholl be i~r;~nediately due and payaGle and sheil b~~ar int~~rest fre~:, !h~ date th~rcof untii paid a~ the rate of
nine Nrr irnwm per arn~n: and t~7~ther ~.~ith sucn interes! s!~a~~ b~~ s-~:~r~,d by the fen of this merlgage.
4. To permit, [ommit or suf(er no waste, impairmcnt or dcterioraficn of said property~ or nny par! thereof.
5. Tu pay uil and singular the costs, charges and expcnses, ir.c;ud~ng a raa;onab!e attorncy's fee and cos!s of J~`Str:i15 ef t~t:c'. ~n~urr_~ or pa:d at
any time by s~~d MORTGAGEE, becauae or in the ever~ of the f~;~~~re on tne c:a:r of ;he sa~c! h10StTG~GOR w rfu~y, pro:np~ly and fu,~y perfonn, d~scha~ge
execute, effe.~, compiere, co~rply w~sh and ab'de by each and eve•y thr :t~p~~fat,ons, agree-,;ents, cond~r~ons, and covenan's of sa~d pran;ssc,ry note a~d th;s
.norrgage any or e~~her, and sa:d cosrs, charges and expenses, each ;nd eve~y, sha!, bz immedlacely due aod payabie; ~.herher or not rh~~~e be ncnce d•r
mand, at~empt to coL'e~t or suit pend~nc~; a~d the full ~mount of each anci ever.: wch paymrnt sha':i bear inter~st from ihe date thereof untii paid at the
,-ore o1 n~ne per cantum F;er ~n~eu:n; and all sa~d cosis, charges a~~,d exc~•~~s~s ~rcwred or pald, together wnh s~th i~verest, shall be secured by tF~e Gen of th:s
mortgage.
b. That (al in the evenf of any breach af this N!ortgage or dcfau~r on rhe pare oF tiie ~~10RTGAGCF'.,- cr ;b) in the event any of sa'd sums of money
herein referred to be not promptly and f~ily paid w~tnin tF~rty ~30) aays ~e~i af:•_r ihe sa ne :evera ,y F.eco~~e d.;e a~:d payab!e, witi,out demand er notice,
or (c) in tha event each and every the stipu:ations, agreernents, co .d~;io:~s ar.d [avenants o' sa d pro r:issory ~ZO~~~ snd t1~~a morrgage any cr e~ther are not
iuly, promptly ard fu!ly perforrned, d:schargzc~, enewted, effected, ~ompl:!ed, compi~ed w~~h and zb~dc•d 5y, then ~n e~ther or any w.:. event the sa;d ag~
gregate Sum mentioned in sa+d prom~ssory note then re:na~ning ur,pa~d, wlth interc~st aar~ed, ar~d a,~ mor,e;s setuied hetehy, shail bccome due and pay-
able forthwith, or thereafter, at the upt;on of said A10R1GAGeE, as fui~y and comp!e!e'y as ii a i of tf~_ sa:d s~r*~s o~ money ~+ere or~ginaily st~pu;ated
to b2 pa':d on such day, anything in sa d pro:n;ssory note or in this Mortga~e 'c tne cuntrary not.v~thsta:~d!:,g; and thereupen or thereafter at the opt~on of
said MORTGAGEE, v.irho~t nonce or damand, s~lr at law or in equ~ty. tha~efore or thereairer begun, n,,;y be proscc~~ted as ii a!t moneys secured hereby
nad matured pr~or to ~ts inst~tut~on.
7. That in the event tha? at the beginn~ng of or at any tlme per.ding any su!t u;:cn ~h~s Mo~tgage, or !o forecose ir, or to refcrm ir, or to enferte
payment of any claims he~eunder, said ~.10RTGr1GEE stra:; app:y to the Ccu~t hav;r.~ ;ur.sd ct;en ti~:;~~o! for tlr; ap;:o~r,t~nent of 3 R~~ceiver, such Court Sha~;
for'hwith appoiit a receFVer of saiu mortgaged property a:l and s~ngvlar, inc'.vdng a~i arc+ s.r:,u~ar i!e ic~cun,a: ,r.rof,~s, i:sues and re~,er~ces frorn whatever
source derived, eacF and every of wn:ch, it being e.:press!y undersreod ~s ker~-by mer~g;~~;i as if spec.f~caliy set iorth and d=scribad in the granti~:g and
habendum c~auses hereoF, ar.d such Receivar sha~i have a~! the o~aad acd effec!;ve rur,;~ ons a~ d Fo~,ers any ~,~sc entrusted by a Court to a Receiver, a^d
si.ch appointment shail be made by such Cour! as an admirred equi;y and a~~ attc; ci abs~'~~c ~;yt~t to s~~d F?,ORTGAGEE, a~~d without reference to the
adequacy or inadeqvacy of tne value of the proper!y mort9~ged or to the sov_ncy or inso:.e~:; of sa~d h1CRiGAGOR er the derendants, a~d that wch
renrs, proNts, income, iswes and revenues shall be applird by such Rec~iver ac:ati:ng to the lier, or equity cf sa:o h10RTGAGEe a~:d the pradicz of such
Court. '
8. To duiy, prompt!y and fuliy perform, d~scharge: exra~t~~, et~e~~, m•rp ere, cvmp:y v;;rF~ and ab;dc by each a.,d every the stipuiations, agree-nents,
conditior.s and cover.ants in sa~d promissory note ar.d ths mrr.tya~e se! forrti
9. That in the event the ownership oi the rnertgaged pre^.~ses, cr a iy p~ri Tncrco~, c~_:o~:~es vested in a penon cther ihan the MORTGAGOn, th~
MORTGAGEE, its s~~ccessors and assigns, may, without nctice !o t%e :',ORIG%•~n', dea: ..,th such w.cessw or s~ccesso~ in irrter~st with referente to thl3
mo~tgage and the debt hereby secured in the sr.ne manner as w~ih ~;terrg3gor w~fho~t in eo; way ~~r.~tlr.g or d sc~;a-g~ng the 1Acr,yagors' liab:iity here-
under or ~pon the deot hcreb? Se.ured. No sa!z et ihe rre•i:ises hcreb, mortgagad ard no rcr.~.ezr_n;•~ cn Ihe pan of tne hSvRiG:.~.,EE or its Successors
or ass~gns and no extens~on of the time tor the payment of ri:e d~bt hcreoy r~_~r•~d o:ven b~ the I.tORiGkGE~ er ~ts s~ccessors cr ass:gns, ~I~~all operate
ro reiease, d~scharge, modiFy change o. affect the origlnal ~I~i~.:~r~ o` ihe h',GP.TGAGt~k ~~ere~r, eiti:er in whole or in p3rt.
10. It is scec~f~ca:iy agreed rhar time is of the essen:e e` r't,~s co~~+rac! and fha; ~•o wa~ver of ar.y es'~ gat:on hereunde~ or of the ob!iyat;on se-
c~red hereby sha!i at ar.y time thereaftar be h=id to be a v:~iv,r o~ +hs tern s'r~~•r~ct or nf rhe ins~r~rntrn secu•ed hc~by.
l i. in a:i~.r;on ro the forege ng ;ron!!~'y payr.,_nis of F~-in: o~l a~d ,,r.:res~ reaul;eci t%~~. r,o.,, sscr~ s_ :u~ed ha~eb~, m,ort^y3g;,! {Ue'2!1d715
and ao~ees ro pay to n:0't.ryary~C v.ith eaci. on~h'•; ~:ar•. z•,r sn ad:! •;ona! t.., red b, -..•~g~gee !o i,.• eqv3! to ! 12 0~ tl,•~ an:~uai ccst of the fol~ow-
ing:
k-All reai prope~ty taxas len_d er assess_d ;g;i:sr rh:_ aco:z desc~ir.:d r,.,~ cs•::•c
B--Pr~n•,~~r.s on f~r~ jnd .:Ir.dsto•m ~r~~~ra~c_ c_ n r. red tc b~• r~ !i.:, .v:••,ien?s ~ rve•~ cr~ tl e s~,ove dzs.~f'ved prenn;ises.
C-Premiu~: s o^ ivch mort~=ge guaranty Insurar,~~ zs mortgog e sh3:l 'rc ~ r,r._ ro : d_ern fit to c~-ry cn t~~e !oen se•:~,ed hereby.
Mo•tga~ee sh~ ~ frcn, ti-. _ to ti~ GtIF, mc t~ag. r..ri~~rg c' 1F_ _ psr~b', }'Ercurd_' ,rd 5,. 5,. ,<I ,:i ih_~e.,;,en b~~ duc a~:d
F;ayab!e on tna u~~> ca~e o~ the ~~xt ...o~,~ o,y,,,,nt ar.d e;ch s.;:o~ssr.e ,,~i, .._sf~„ ~ ~ mc.~toagee >h~', n,r.fy ne~!g;gor ef a chan~e in su:h
a^,o~nr. ~~ch sums s!~aJ bc. aPPlied 'b~ ~i~er~g~g-;~ :o::ard ti~,e i;a~~rent of rea F; c e t; raxes ~ns.:ra,c~: pre~r ~rs, -d .~:orig:g._ gua~anty insvra~:ce
premiums.
IN ~YR~JtSS ':'iH~REOF, ti~e sa~~ ,"~504TGAGOR has !~,_reunto set hi; h.3cd ar.d 5:;: ~he d~y and year tint aforesalti.
Signed, Se led and ivered in the presencc of: , r~
~ ri1u~2 ~ ~ ti
_ (Seal)
' ~ G%"~'c.,d
- . ,~o(Seal)
(Seat)
_ - - - . (Seai)
STATE OF FLORIDA ~ '
, SS.
COU.'JTY OF 5~L~ I~r
j- e~_~_~-_ I
Sefore me penonaliy appeared ~.L~1l1Ilt~ M= 1~J3s~b~___~____ _ ~ and
- - ~~Y"j- s-+~'1a_ _ _ his wife, to me we!1 known and knovvn !o me to be
the ir.diai~luals destrioed in and who executed the foregoing instrument, and zcknowledged be`ore me iF~at they executed the same for the purposes
there;n expressed. And the said ~O_Z''j S ~i ~ R~ dke _
wife of the said ~ ~C~11121~ ~i_R Q~.ke _ upon a s=para+e and private
exam:nation by me taken separate and apart from her sa;d husoand, ackr.owiedged to and befor~ me that she executed said instrument trealy a;;d volun-
tar~ly ard w~thout any compu!sion, consrrair.t, a,r,Frzhen~n, or fear of or From her said husbar,d.
LtiITNE55 irry hand and officiai seal this- _-!7 _ d~y ot ---_~.~.-------W, A. D. 19?
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No!ary P ~c in and fo~ the State of Fior,da et large
My Com. ~Ission expires:
Re!urn Tc: 1
first Federal Savings 8 laan Assnr.~~~'L ~Mb CQRQED ':~'.3~}/ PL+GIi~, Stafp Of ~tOP}~1A 3~ ~
Of Forr P:ercc. ~O~ i/fy CG;t1tT;:SS~Oh EY~~ires nug. 6, ;967
Fort'P~crce. Ficr,d3 / J~ ,_~,,yr' ~onde:l B~ Amt~}~a~`ayl~ty L'A. Of ('~j. Y~
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