HomeMy WebLinkAbout1354 3. 7o placz and contin~ously keep c.-. the bvi'd~n~s now or hereafter yltvate on sj~J Iand a~ d c:n al; eq.;lp nent ard peroonj!!y cevered by thls mnrrg•
sge, wifh ali pr@mi~:ns Iherean pa d in fuN, tirc insur:;nca in the ~sv_~1 srarJeicl poGcy fonn, in a s~ n a{.u~uved by th;; h10R~„4GEE, and windstorm
insurante in Ihe uwai stand~rd poCcy form, in j sv,n ~ppr~.ed by Ihe MORTGAGEE, in wch to~npany or tcm;~ames as tha ~ti10RTGAGEE may
dirt~t; and all firo and w~r.dstorm ins~~rance pe~icies on any of sa~d tw~td~ngs, any inrorest rherein ur pan the~eoti, in the agy~zc~a~e su~~ atoresaid er
Yn excess thereof, 3haU con~ain Ihe ~sual standord mcrt~.3gce clausa or such oiher ci,~se as the Mortyae~ee may :ec~v~re, maki:-~ nc~ ~oss und~~r aa~d pofi-
cies, each and every, pay~5ie to ;aid A,10RTG.AGEE as ~ts int~r~at may appear, and each ar.d every a~ch po ,cy sh.~ll be urompt;y ass gned a~}d dat~vered ro
any held by aaid h10RiGAGEE as (urthe• securify to said n:ong~ge debr, and, not less than ren i10) days in ;dc;~r.ce of ihe exp+ration of eacn poi~cy, to de-
liver to iaid MORTGAGEE a renev:al thereof, rogether with a irce~pt tor the pren;ium of such fG'11fNJ'; a:~d tt:e~c sha;l 6e r.o Lra cr ~vl::dsfe•~n i^wiance
placed on any of suid b~ildings, any interest there:n ur pan thereof, unless in rhe form anci w~rh the loss payob;e as ofo~esaiu; and in th~ ~:ant any sum
of money becomes paya6lz ~~~~..r such policy ~r pol~c~rs sa~d MORTGAGEE sh~il have ~hr oFt~on to ~ec~_~:_ :;nd app'y th;: same on acco~nt of the indrb~rd-
ness secured he~eby or ro permit ~aid k:ORTGAGORS to rec~~ive and use it or o~~y p~ri rt~-~ cof ior c~~ ~ r ~s..r; _s~:;. ,h:,..r ih c. ,
ing any Fqu~ty, li~n or riyh! under ar by virtve of ihis mor'yage; and in the event sa:d MORTGAGORS sha!! for a~y reascn fail to keep thr sa~d premises so
inswed, or fail to deliver promptiy any oi said polities of ir,wrsn~e to sa~d MGRiGAGEE, or fai: c:on,ptly to Hay fully any p~:••n~,,~m thc;rf~r or in any
respect fail to perlorm, d~scharge, execura, effecr, con~plere, conply wirh and abida by th:s cuven.~.it, or any p.,r~ h~reoS, 53':C~ MVR~v%~GEE moy p;ace a~o
pay fer s~ch insurancz or any part ri,eieof w~~ho~t waiving or affeuinq any optioii, lien, equ~ry, or r~_~h! ~nder or by v;rrue of ~h~s Aloirgage, and thc
tull emo~nt of each and every such payment sh~ll 6e ~m;nediate~y due and payable a:id sh,~i1 6ear interes~ fro~n tha d~te thr~cof unti! poid at the rate ol
nine per cenf~m per ar,num and to~eihrr with svch irneres~ shaii be secured by ihe lien of this mo~tgage.
4. To permit, commit or suffer no waste, iinpairment or dctarioration of sa~d properry or any part thereof.
5. 70 ~iay ali and s~ng~lar the costs, tharges and expenses, indudln9 a ieasonab!e attorney's fee and cos!s of abstracts of t~tle, inc~rred o~ paid at
any time by eaid MORTGAGEE, because or in the ev~nt of the (a:f~re on rhe part of rhe said MORiGAGOR to dvly, prompriy and fully perfcrm, d~stharge,
executz, efiett, comp!ete, co~rply w~th and ab'de by each and cvery thc st~pulat,ons, agreements, conditions, and tovenants of said p~omissory note and th~e
mortgage any or either, and sa~d costs, charges and expenses. each and evcry, shall be immediately d~~e and payable; wA_•ther or not thcre be not~ce d:~
mand, atte~npt to coHect or suir pe;~d~ng; a+~d the tu!1 amo~ni •~f each and every wch payn~ant sha!; bea~ jn!~'f251 fr~:n the date theroof untii paid at the
r~te o~ nine per canrum per an~n;~i; snd oll said costs, charges and rxc~~r.s<s ir,curred or paid, toyethar w~th such interest, shaii be secured by the lien of this
mortgage.
d. 7hat (aJ in the event of any breach of fhis hlortqage or defau!t on th= pa~t of the ~1AOf'.TG.AGOP„ or ;L) in the event any o( aa'd sums of rroney
herein referred to be not prompriy and ful~y ua~d within th:ny (3~; days next air_•r the sarr.y seve~a:iy t~ecume d~z ar.d paTabie, wi~hou; demand o~ noiice,
or (c) in the event zach and every the stipula!ions, agrcemenrs, cond~tions and covenann of sa d Fro-nisso~y notc ar+d th s m~rtgage any or either are not
3uly, promptly and (uily perforrn~~d, d.schar9~d, exeiuted, e(`ected, con~~leted, tompi~ed w~th and ab~ded Sy, then in e:ther or any such evem the s~:d ag•
gregate sum memioned in sa~d promissary no!e then rernaining ur,pald, wirh iniere;t aarued, and alt mcne~s secured hereby, shati become d~e and pay
able for~hwith, or rhereafrcr, ar rhe op~;on of ssid .b10RTGAGEE, ns fuiiy arul complete:y as if aii o~ th~• s3~d sums of money were onguially st puiatcd
-b t~ p~'d on such dey, anything in sa d crwn,ssory no!e ar in this ~tilortgaga to tne conirary not.vithstsnd.ny; ar.d thrrt•~pon or ihereafter at the opt~on of
said h10RTGAGEE, wf?hcut no!~ce or demard, su~t at law or in eq~~ry, thzrefore or tf~ereafrer begur~, rnay be prosecuted as ;f ail moneys sec~red herehy
had matured pnor to ~ts inst~tution.
7. That in fhe e:ent that at rhe beginn~ng of o~ at any time pendieq any w t upon this Mortaa~e, er to foreclose it, or to reform it, or te enforce
payment of any dai~es here~nd~r, sa;d ~~10RiGi+~~EE shafi app:'y to the Ccur~ have•,g jur~sd,ct~un r6creot (cr rhe appo-nhnent of a Rec•_~ver, a~~ch Cou~t shail
forthwith appoint a ~eceiver of s3id r.~,ortgag~d preper!~ ali and slnyviar, incl~d ny alt and s~n~u~ar ti~e irco•~,e, profits, issues ard rev~nues ftOm whate~er
source dzrived, each and every of wi, ch. i! be~ng exnrc•ss'y unde;sroed, is her_by monyagr,d as ~f spec:i~ca'.iy set fo~~h and desc;~b~•d in the g~anting and
1~abendum ciauses hereof, and svcti* Receive~ sh-3!i have a!i !ne t~road and effi.~t~ve iunU,o~~s and pov.ers in anyw,s~ enirusted by a Covrt to a Receiver, and
such appointment shali bc made by such Ccurr as an acJ nitted equity and a+retter of abso'ute r,ght to sa;d MORTGAGEE, and w~nc~ut reference tc the
adequ~cy or inadeq~acy of ihe value of tR_~ property mertqaged or to the so.v~ncy or ~rso:ven[y of said MORiGAGGR or the defendantl, a~id that s~ch
rems, profits, income, issves and reve~wes shali be app;icd 'oy svcf~ Receiver accord:~~g ro rhe lien or eq.,ity of sa~d h10RTGAGEE and the pracrice of s~ch
Court.
8. To duiy, promptly and ful(y perform, dis;harge, execuh~, effect, rornp(ete, comply wirh arsd abide by each and every ihe stipulatior,s, agreements,
conditions ~nd covenanrs :n sa.d prom~ssory nvte and ~h;s rr.o;t,~a~e s~•+ fo~th.
9. That in the event the ow•ne;ehip ef tha r.;ortgaged przmises, or a~iy psrt trerecf, 6ec~rne5 vested in a person other than the AAORTGAGC~R, the
MORTGAGEE, its ~vccessors ar,d ass:gns, may, •.vi;hout r.ot~ce to the P,'.ORTG~.OR; deai h,:h such r.;cc^ssor or soccessor in fnteresr ~x~rn reFerer,ce to tn~s
mo~tgage and the deot h.=reby sec~red in the sa^ e m~~~,r,er as w~th I',loitgagor v~~thcut in any way vit!ating or d,scharg:r,g the hlor!gagors' liooilir~ here-
under or upon th~ d<bt hereby sec~rcd. No s~l~ oi +'.e FrenJSe! h;:eb~ mortgaged ard ra forbea~ancc on 7he part e+ th~ ).1QRTGAGEE or its s~:cess;:,r1
or a<.sign: and no ezfenr'en cF rhe rime for the paymerr ct rhe debt hereby secwed given by tne `~1pR?G<1C,':E er its suctessors or ass.gns, al~~all operata
ro re~ease, d~schargz, modify chanoe or affecr the original liab~!~ty of the M~RTGAGOR here~n, either in whoie or in parr.
10. It is spec,ficai~y a_qreed r~at tim? ;s o( the esserce of tnls contrac~ ar.d that no wa~ver of any ob' gar:on iiereunder or of the obiigatior, se-
C~red hereby shai~ at an~ tiw.e th~rcafter be hc:d to be d vrai~er pf !he terrt:s herecf or of fh~ i~;vrur~ _rn sec~~red he~by.
11. aod t:c~ ro tl;e ferego n~ n,o~~~,'i t-.~y.ran!s ot ~;ri^c p~l and int_„~s~ req~:rcd t,y ihe r ~e•*~ ss:;ry r,o'e sce.,rcr~ F~er,b;, n,,er~ga3or cnvenan!s
~ and agrces tu pay to n,orrg='.yee r.~;i~ e3:h n on~h'i F~r~. F.nt vn adJ r~cnal s~~^: , areci by mo~r~a ~a to be ec:;a! to i 12 of tS:e
y 9 ~ annual co;t of t~a foliuvv-
ir,~:
A-Ali rca! ;.ro~err; t3xzs ;ev~~„ o~ ~ss _s_d ~~;~i~:s- rF: ai:~:e desc~;4_d r,a! csr;,r<^.
6-Pr.~.r~vr.s on fire anJ ~.y~r,dstor~=; ~r,s~ra-ce as i~erc n req~ r~d to be car~;cd c•~ 'he ;c~;_roe~emeo~s s r•_a!~ cn t~~a abo~e d_x~ibed premises.
~ G-Pre;r~ur•,s on wch 9e nua•~n•y ~r,ura,c, as rrcrtgaoee shal; frc, ~r~e ~o c d~e,;; frt to carry on the !oan scc~red herebj.
~ A~,er!gagee s'~7 1 j-r-~ • +o t; rc :i, n:crr~~gc• Kr r:~~~ of the a..,o o~e ,.r d ps;aq~e here~~d.:r a~~,d s:-h s~ ~,ha l th~r.=upon be dve a^~
i {:ayable on 1h~ d~= ~ of rh i o.t o~trry p y nt and e.,ch sv:cess .e ~*'o~.!h r.errsrt~r ~,,'i' m--;toaye? shar or!fy rno tna3^_r o4 a charge in s~ch
~ ar:o~~n!. S~ch sums shs ! a..~ i_d by mo••gagte tov:a~d ihe c~aym~nt et r~~, prepert~ taxes, ins~raua pre•~~,.~rs, ~-d n~ort~age yu~ranty ins~rar:ce
premium3
1 aITNFSS '..'N>REOf, tne said MCRTG:+G~R has hero~nto se! his h~nd ai;d seal the day and year `~rs? afcr s~id`
, ned, $ep!ed ,~liv r in the~ presence of: ;
~ - / (Sea!)
.~..r~'o~„«~y~/ 1~ " ' (Seal)
- ~ _ (Seai)
- -
- - {Seai)
SiATE OF FLORIDA ~
s_i,uc i P _ ~
COU~JTY OF 5 C
Befnre me parsonaily appeared i~J . ~ . &1 ~ @ S and
- AlI:~P!!P ;ti~gl .org ` his wife, to me well kno~Nn and kr,oxn to me to be
the ind~v~dua`s desvibed in and who execvted th~ foregoing instrument, and ackno+vtedgcd before me that tFey execu~ed fhe sama for rF.e purposes
tFerein expressed. And the sa~d____________~~__ t~ P a .`.$~~~r~-~~~ ~ ~
wife of the said ~4__.~~..___~_~_-- ~r . a,t, t~ j' S upon a separate and privata
exam:nat~en by m? ta;en separa!e and apart fro~ her seld husband, ackrowledged to and befo+e me that she executed said irstrumen~ freely ar.d vo'urn
tarliy ar.d w:!P~o~t any co~r?pufs~on, constraint, apprehens on, rr fear of or from her sai h~sband.
~ ~~~E„~ o ~C
Y~tT~1eS5 my hand and offic~a! seal this_____~ ~+h day rt~'-- , A. D. i.~,r L,
~ ~G~L
P~otary Pub'~; in and for the 5ta!e of Flo ~da at Large
Ret~rn ?a: ~ My Commission expires:
r ~
First Federai Savir,gs & Loan Ass~tion ~ dr ~ Z4,;•~.'~ .
Of Fo.! P e~e.~. ~ . ~ ~ ~
Fo,t Pi~rc~~. Flo~;da ~,~~c~ , . .
t~ ~li~ ~ d f!•1 3. 55 A~'fAI~Y PURUG, STiTE fLORfDA at [RRGE
• ~ " , , MY G~`A?diS~i~~~ ExPiFES ~,PR. 2~, 1969
_ t . , , . J a % . " -
, ' . ~ F~O~G~ ~ ~'O 1 ~ R.~? E R K . . . . ~
. . : ~~"~~5~'a~~ C~~1NTX;
. F~i~~p,~
~t~,.. sU~ ~~.?t.~
;d ,;r~.,
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