HomeMy WebLinkAbout1164 3. To pl,+cr and co,tin~o~s~y kerp inc• bui'a:r:;s ~.o:: or hereafrc.r ~~!:~ate on s.; d;and c:ci cr. ail ~.~.;;p ~~ent ~ r•d persenaf.; ccvored by th~s mortg.
ega, wlth all prem~~ms !hereon F;a d in {~~'I, f;re ins.;re+e.~ In thr us~,al stan~ard E~:~cY turm, in s:.::i aYproved t,, th~ ,~1pK~~=+vt~, a~ J w~nJsio~n~
insurance in the usual a+anda~d pol,cy form, in a su~n spF~ru~ed by the MORiGACaEE, in such company or ce:r•pan+es aa thr ,ti10kTGAGEE may
direcr, and all fire ar,d w~ndstorm insurance po~~:~rs on any of s~~d build~nc~s, any interest Iherein or part rhareoE, in the agg~egare sv~~~ aforesa;d or
in excees thereof, :hall coniain the ~swl sra~~daid mo~tgsgee dausa or wch other ciaufe as the Mortyagee may requ~re, mak~ng rhe to~s under se~d poli-
cies, each and evary, payab'e to sa~d h10RTG.A~EE a~ ~rs inter~~st may appear, and each and every such po ~c? shall be promptiy aas g~~rd a~~d da'~~vrred ro
any held by sa~d MORTG.AGEE as furth~r security to sa~d m.orrgzge dent, and, net less than ten (10) days in advar,ce of the expirat~on of eath po~icy, to da-
liver to said MORiGAGEE a renewai thereof, together with n rete~pl ror the prrm~um of such rer.ewai; and there sha:l be no f~re or ~rndsto~~n ins~rance
placed on any of said build~ngs, any interest thzre~n or par~ thereof, un!ess in rha torm and w~!h the loss p~yab!e os afaesaid; and in the event any sum
of money becomra payabie undar sUCh policy or pollcies saicl MORTGAvcE shall ha~e ~he opt~on to recei~~• :;rd apply ttie same On ac.ovnt of the indebtrd-
ness sewred hereby or to perm~t sa'd MORTGAGORS to retrive and use it or ~ny p:rt th.r.rof tcr c'n i i,;~:.os:s, .::!i:;:-:t :h u: ~7
ing any equity, lien or rigM under or by virtue of this moc'gage; and in the event sa'd MORTGAGORS shall to~ any reason faii to keep the sa~d pre~nls,s se
inwred, or fail to delivar promptiy any uf sa~d pol;cies of insu~ance to sa~d MORTGAGEE, or fa~i prcmptly to pay fu~!y any F~~c•~~~., n therefor cr ~n a•~y
resped fai~ to ptrfo~m, d~scha~ge, exec~re, eF!ecl, complete, co:np~y with and abide by t!~is covenant, er any part h..vcof, sa~d MVRTv~GEE may p~ace a~o
pay for svch insurance oi any part thereof w~thou~ waivlny or affect~ng any opt~on, lien, equ~ty, er n~ht under er by virtue of th~s Mortgage, and the
full amount oF each and every such payment shall be immed~ately due and peyable and sha~l bear interest from tha date ihereof until paid at ihe rat~ ol
nine pe~ centum per annum and to~eth~r eei:h such interes~ shaii be sac~red by the lien of this mortgage.
4. To permit, commit or suffer no wasre, impa~rn,ent or deteriora!ion of sa~d preperty or any part thereof.
5. To pay all znd singu~ar the costs, charges and ~~xp~nses, including a re~sonab!e attemey's fee and cost5 of absrracts of tit'e, in~prrCd or pa;d at
any time by sa~o MORTGAG;E, because or ~n the rvent of the fa!lure on the part of the said ~'NORTGAGOR to duly, promptly and fv,ly perform, d~scha~ge.
exec~te, effect, comp!ete, comp!y w~th and ab:dz by each and every the :tipu~ations, a~rermcnts, tonqitions, and tovenants of aald pran~ssory note ard t'':ii
mo~tgage any o~ eirher, ard sa,d costs, charges and expertses, each and every, shail be immed~ately ~uz and payable; whether or not there be nor~ce d;
mand, asre npt to collect or svit pend~ng; and r~e f~il a:no~nt of each and every s~ch paymem shal; oe~r intarest from tne date thereot unt~l pald at it:e
rate of r.ine per cr.uurn per an~ivn; and ali said cos!s, chargcs and rxcenses inc~rred ar paid, togetiier w,th sut~i interest, shall be secured by the lirr. cf ~h~s
mortgage.
6. That (a) in the event of any breach of this Mortgage or default on the part of ihe MORTGAGOR, or (b) in the event any of sa'd sums of money
here~n referred to be ~ pro•rptly and fully peid within th:rty ~30? days next ait•~r the sa~ne severc'ly become due and payable, witt~out demand or notice,
or (c) in thz eveni each end every the stipu!aiions, agreemznts, cond~tio~~s and Covenant3 ef sa'd promis.ory not~ and 9h.s moctgage any o~ eithei are no1
~uly, promptly and fuily periormed, d stha~ged, 'rxecuted, effected, to~r,pleted, comp;led w~th and ab~ded :y, then in either or any wch event the sa~d ag
gregata sum mentio~ ~l ~n sa~d promis3ory note. then remainir.g urpaid, with ir,terest atcrued, and a:l mor.e/s Setured hereby, shali betome due and pay~
abie fcrr!iw~rh, or rhereafter, at tne opnon of ~aid h10RTGAGeE, as fully and comp!ere!y as if al! of ~he sa~d s~ms of monev we~e ongina!Iy s+;p~la~ed
b be pa;d en euch dcy, anything in sa d promissory nole or in this hlortgaga to the contrary not~vith;tanding; and theraupon or theceaftar at the opt~on of
said MORTGAGEE, without nutice or demand, wit at law or in equity, therefore or ihereaiter begun, may be prosec~ted as if ~!I moneys sewred hereby
had matured orior to rts inst~tuticn.
7. That in fhe event that at the beginn;ng of or at any timz pending any su;t upon this Mortgage, or to forec'ose it, ar to reform ;t, or to cnforce
payment of any :laims Fereunder, sa:d h1URTGAGEE sha'I app!y to the Co~rt'havi~~:g jur~sd:[t~on thercof for the appe~niment of a Receiver, such Court shail
forthwith appoinf a receiver of said morigaged property ail and singular, int;ud ng 3;1 ar.d sir;gular t!,e ir.come, proi~ts, iswes ar.d revenues from whatever
so~rcz derived, each and every of wh:th, it be~ng expressly unders!ood, is hereoy merrgeged as ~f spec:{~cal:y set forth and descrlbed in the grantiny and
habendum cla~ses hereof, ar.d sucn Receiver shaii have all th~ brcad and effecr;ve funct,o~~s and po•.oers in anyw~se ~ntrusted by a Coort to a Recciver, znd
s~;ch apAOintme~~t shai~ be made by such Court as an adrnitted equity and a matter of abselute rght to sa~d MORTGAGEE, and witheut reference to the
ed=quacy or inadeq~a<y o# th~ value of the p~operty mortgac~ed cr to ~hz so.vency or inso~vency of sa~d ~l,OR1GAGOR or the de?endants, and that such
rents, profir3, income, iswzs and ravenues shaii be applied by such keceiver aaord~r,g to the I~en or equity of said MORTGAGEE and the practice of such
Court.
8. To duiy, prompt'.y and fulfy perforrn, d~scharge, execute, effect, compiete, comply wirh and abide by each and eYery the siipuiations, agreements,
[onditions and covenants ~n said promissory no!e ~~~d th:s f110l1~3~e set forth.
9. 7hat in the eve~~t rhe a•,~•~ership of the mortgaged pre~,ises, ar any part tncreef, becomes vested in a perscn ctnei than the 1~10RTGAGOR, the
,ti1pRTGAGEE, its succrssors and ass~gns, may, w;+hovt nc~ice to the ,ti"~ORLGFOR, deai with such successer or s;~tcessor in ;nteres~ with reference io th~s
mortgage anci the debt hereF,y sec~red in the same n~onner as w;ih ".1o:tyager w~thout in any way vit:aring or d.scharg~ng the Mcrtgagors' liabii~ty here-
undzr or uF.en the debt he~eoy s.c~red. No saie of tha Fren~~ses h_reby mortgaged ard no for6e~rar~rz on Ihe part of fhe I:,OR7GAGEE or i~s svccessors
er ass~gns ~rd no exre~ron of rhe rin,e for the payment of the debt hereby sec~~ed given by ihe 1.'ORTGaGEE or irs successors or ass:gns, al-~all operate
Io reiease, d~scharge, modify charge or affect tne origmal liaoli~ty ~f th~ MORTGAGGR herein, either in whol~ or in part.
10. It is saec'rfica~~y ag~eed that time ~s of thn essence ef this tontract and that ro wai~~er of any ob!:gat~on hereunder or o( the obfigation se-
c~red hereby sha!I a~ any time thereaf:er be held to be a waivcr ot the terms hzreof or of the insvument secured he~by.
11.~'In a~1 rc:i to the forego"ng mor,t%rr p~ym_~ets ot pri^c ;:al and im~rest requ:red by the F~on~~'sscry no~e s~cured her•_by, mortgagor coverants
and ac~re~s to pay to n:ortg~gee w[th ea:h mcmhiy cayr,,er.t an add ric^ai s~m est ^ a!ed by mortgage•_ to be equa! to 1 12 ot U;e anr',ual cest oF th.= ioiio.v-
in~: '
A-ali rea! p-eperr~ tax=s (ev~ed or assessed ag~i~~sr thc above described rea! esrare.
B- Pr~rr.;u~s cn i:re ard v~ir.dstorm ins~~racce as nere~n r~qv red to be ca~ried cn the !m, rovEme~ts s~rvate on the abeve d~sc:ibed premises.
C-Prer-~uns cn ~::cn -,c~r~=ge guar<n!y insvra~,c~ as mertgagee sha'J from t r.,e to t;,r,c deem fit io carry on the !oan secur~d hcreby.
1~lortqagee shall !rom ti~ne to t~,•e no~if~ rnert~;gcr ~n wri!~ng of the a~~,ou•~t d,e and payab!e hereund~r and wch su~~ shail thereupon be due and
Fayab'e on tiia cice da+e er fh= rc.t ~,onth:y p_y~=nt znd each sv.cess~ve mo~,th thsrea`!ar urti! mcngagee shz!i r.~t!fy mort:~a;or of a change in wcn
aa~e_nt. Such wms s~ a i be ap,'ied 'b•; rv;ortga~a~ to::ard the payn~ent o4 real },reperty taxes, inss;ra, c_ pre~» ums, a~d mortga~e ~ua.•anty inw~ance
premi~ms.
IN ':11TNE~5 :'1HEREOF, tne sa~d ,M.02TGAGCR has hereunto set his han~ and seai +he day and year af resai
Signed, Seafed and de!iverzd in the presence of:
(See~)
~ f _ Seal)
_ ~
~ r / `~~~G7~-~ -~Sea~)
(Seal)
STaTE Of FLORIDF ~
SS.
COUNTY OF J t. LUC I
Before me personaily zpoeared L~ O~ a TS;T1-~--~_ and
~l nf.1 i Cjo t `P$a ~ O^ his wife, to me v.~ell kno•.vn a;~d known to ne to be
fhe irdividua;s described in a.^.d who exec~ted the forego~ng inslrument, and acknowiedged before me that th_y executed the same far the purposes
therein expressed. And the said- ~~'~t~ ~~~O F'' ~I'c`l~ ~..C1I' -
~.•ife of the s~id ~ _ ~j~ ~~A¢1 _ upon a separate am.', private
e>am~nat:on by me taken separare and apart from her said husband, acknowledged to and beiore m? that she Axecuted said instr~,nent freely and vofun-
tar.ly and without any com~~:sron; co-.str;int, ar,prehe~s'on~ fear of or fiom her said husbar.d.
WITNcSS my hand and cfficial seal th~s--_~ dar of ~7'•~~°- ~A. D. 19~1~
~f.^_ ~ < ~`~~-~~-f5~-=i. --2~'~
~lotary Pub!ic in and for tne State of Florida at large
h5y Ccmm:ssicn expir>s:
Return To: ~ a~
ENO~ G.' V NOTQGV P(tq~~r ST~T~ ~t tnp.'1 ~ ~.nnr
Fir1t Fe~era~ 5a+ings L Loan Asz.c~at;on ~ ~ , _
N- dOK ~'r c . . .
- o} tarr P -cc. , ~
~Fort Fi2:ce f •;d3 ~ .
_ . ~,.~oC~~
'65 JUN 7 PM : 2 I
~ ~ ~~~~4~':1 ;
-
ROG~R PUI'i~R~S, Ci~ERK _ -
5T. Ll3ClE COUNTY. .
FLORIDA = ~ ~
~ r` ~js~
'.Z.^[iY ~~C.J
~ .