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HomeMy WebLinkAbout2128 r - ~ . To plate a~d continuo~~ly keep on fhe bu~'d~•igs no.v cr harta'ter rtuate on sa~d !and a~ci r.n a'; c<~~~~p~~~ent and personaily cover~d by this mortg- sge, w;th al! premiums fhereon paid in fult, fire inscranca :~i ine vsuaf sfa~~dard poricy form, in a wm arNroved by tlsp MORivAGEE, end winds~orm imurance in the uousi standard poGty fo~m, in n s~m ~Fn;u~eJ by the MOP.TGAGEE, in s~th company or to~~panies as the MURTGAGEE may direeh and all firo snd wlndstorm inaurance po'~c~as cn sny of sa~d b~i~d~ngs, any interest therein or part th?reof, in the aggregere fvm afo:esaid or {n excefs thereof, shali contain the usu~l srar,da~d ~r.o~tgogee c1a~-~e or such othe~ clauea as rhe Mortgagee may ~ry~~re, making the ~osa under ~a~d poie- cies, latfi and every, payable to aaid MORiGAGEE as na ina~~r~st may appear, and each and every such po,:c~ shalt be prort:prly assg~~ed and deGvered ro my held by said MORiGAGEE as f~rther aecur~ty ro sa:d n~crtyage debt, tnd, no~ ttsa than tan (1J) days advance ot tha expiratiun of eech policy, to de- liv~r to seid MORTGAGEE a renewal thereof, togeiher with a rece~pt for rhe prernium of tuCh renewai; and ~h~re shaif be no f~re or windsrorm irn~rante placed on any of seid buiiding9, any interest there;n or part thereof, unicss in ihe form and w~th the loss payab~e as aforesaid; and in the evcnt any sum of money b~comsl payeb!e under sucF. Faicy or pohci~a sa;c! MORIGAGFE shaii have the opi on to receive ar.~i opp!y tlie sa:ne on account of the indebted- nes~ setur~d heroby or ro permit said MORTGAGORS to recrive and use it or any p,rt ~h~~;eof tor o:~~~_r F_;r ~s_~s. ~.v:+1:o.;t ~h~~<,;; ~~.;~~i~~ or rnp~i:• 1ng any equrty, lien or right under or by virtue of th6s nror'g~ge; and in the event sa'd ~IORTGRGOf2S sha!I `or any reason faif to krep ~he ~aid prernisza so inaured, or fail to deiiver promptly any oi said poii~irs of insurant~ to iaid MORTGAGEE, or fai! promp?ly to p;ay tuily any p~em.ivm tharefor or in a~y rospect fail to perfwm, discherge, exe<u!e, ef(ed, compiete, comply with and ab~de by tFis cuvenanr, or any part hareoi, sa~d MORiGAGEE may plnce a~d pay for such inwrance or any par~ tha~eof without waiving or affecting any option, lie~, eq~ity, ar r~~ht ~nder or b~ virtue of th~s M~rtgage, and th< full amount of each and every such payment shall ~e ~mmed~ately due and peyable and shall bear imerest from tho date thereof un~il paid at the rata o1 nine per centum per annum and togethrr with sucn interest shaii be secured by the lien of thi~ mortgage. 4. To permi?, cqmmit or suffer no waate, impalnnFn! or dereriorat;or: of said property or eny part thereof. 5. To pay a11 antJ singular the tos/s, charges and expenses, i~duding a reasanab!e attorney's fe~ ar,d <osts of abstracts of trt.e, incurred or paid at any time by said MC?RTGAGEE, betause ~r in the event of rhe fa~lure on the parl oF ;he said MORTGAGOR to duly, promptly and fv~;y periorm, d~uFrarge. execute, effed, comptete, compty wah an~i eb;de by each and evz•y ~he atepu!a;;ons, agre.•~nanrs, [onditions, and coYenants of sald promissory note and rhl~ mortgage er.y or ei~her, and aa~d costs, charc~es and expensas, each and e~ery, shall be immediateSy dve and payablz; whe!he: or not thare be notice ds mand, atfempt to tallect or suit pe~d~ng; an~+ the f~;l a~r,aunt of each anc! every such payment shaii bear interest from the date thereof untii paid ai the rate of nine per cenr~m p~r zn~iu:n; ar,d al! said costs, th~:ges and exp~nses incvrred or paid~ ~pC3~tf1L'f '.Villl such inlerest, ahall be setured by the lien of Ihii mortflage. 6. That (a) in the event of any breach ot this 1Nortgaoe or default en th~ part of the h".OR(G~iGOR, or (b) ~n rhe event any af sa~d sums of money herein relerrr! to be nef pram,ptiy and fully paid w;thin thirty ~30i days neat aiter the same aever~:ty 6ec~me dve and payable, without demand or notice, or (c) in ihe event eath and every tfie stipuintions, ayreements, cor,ditions and covenants of sa.d pren,issory nate and ih~s mortgage ar.y or either are not ~u1y, promptty end fuily performed, J~scharged, executed, elfecred, compieted, cu,t,pl:ed w;~h and ah;ded tiy, then in e~ther or any such even~ the sa~d ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest acaued, and al! mene~s setvred hereby, shall become due and pay~ ab~c forthwith, o+ thereafter, at thz op!ion of se~d MQR'fGAG~E, as fuily and compfe~e!y as ;f a!i of rI._• sa~d sums of monev were orig~naily st~pu.ated to be pa~d on such day, anyfhing in sa;d prom~ssory nore or in th~s Mortgage to rhe conrrary nor,vlihsta,d~:1g; and thereupon or thereafter at ~he opi~on o4 said MORTGAGEE, without norice or demand, ;vit at iaw or in equiry, thereFore or rhereaf~er beg~n, may be prosec~ted as if all moneya secured hereby had maturad pr~or to its institution. 7. That in the event tha~ at the beginn;ng of or at a~y time pend~ng any su t upc~n thls 1'~ortgaqe, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, sai~ MORTGAGEE shal; apply ro the Co~rt having jurisd~c;ien the<<•~f fer the appointmem oi a Reo:iver, wch Court shail forthwith appoiN a receiver of said ~•~ortgaged property aIt and s;ngutar, includ:ng ail and s~ngv!ar ihe income, prof;ts, issues and revenues fro~n whatever ~ource derived, each end every of wh:ch, it be~ng exprss'y unders!ooci, i3 hereoy morigaged as if sFec~ficaL'y set f~rth and d~su~bed ir. the granring and habendum clauses hereof, and s~ch Receiver shaii have a~l ~he orcad and effective fui~ct,cns and pohers in any.v~:c entr~sted by a~ourt to a Receiver, and wch appointme~~t shai! be m.ade by such Ceurt as an ad:^itred eGuity and a ma~ter of absoi~t~ r;gh~ ro said h50RiGAGEE, and K'iif7CU~ reference to the aderyuacy or inadeq~acy of the value of the propar~y morrgaaed or to the :aver.cy or ~neor.ency of sa~d P:~ORiGAGOR or ;he defendants, and that auch rents, profits, income, iss~et and revenues shaii t~e ap;,l~ed t~y such Re<river accord~ng to the ;ien or equity of sa~d l,M1ORTGF+GEE and ~he prac!ice of such (:ourt. 8. To duly, prompt;y and fully perferm, d~scharg., exzcute, effect, compiete, cornply w~th and ebide by eath and every the stipulations, ayreementa, conditions and covenants in sa~d promiasory note ar.d th~s mertgage set fo:th. . 9. That in the event the ownersh~p of rhe r,orrgaged prer~;:sas, or ~.,y part ti;c~caf, b•.~comes ves?zd in a perzon ether lhan the MORTGAGOR, the MORTGRGEE, its svccessors and ass;gns, rn+y, w~vi~out notlce to ihe ,ti10RTG~OR, dea, v:~rtr sc:h succes5e~ or s~cc~ssor ~n interest v+ith reference to this mortgage and the debt hereby setured in tne same manr.er as with 1.lortgager ,~~thout in any ~vay vit;ctir,g or d~schargin~ the hicrrgagors' liability here- under or upon the debt hereby secured. No sa'e of t':e f.ren,~ses hereby mortgaqed a~•d no fcrbeara~~ce on the part of the htiOR7GAGEE or its successors or assigns and no extension of the lime for the payment v` th= debt hereby securd o~ven by the ;J,ORiGAG.E or its suctessors or assigns, a{~afl ope:ate fa retease, discharge, modify ~hange or affecr ~he oriy;nal !~a'c,i;ty of ihe MORTGAGOR here~n, eitl,er in whule or in oa~t. 10. is sAec:ficaily aore~d that time is of the esserce of ;his cantrac~ a^.d thet no waiver of any obl:gat~ori hereunder or o~ the obligation se- c~red hereby sha;i at ary time tn~reafter be ne!d to be a waiver of fh: te:mx hereof or of the insfr,;mem secured h..rby. 11. In atidltio~ to the forego"ng rt~onth'y paymanrs of pr,nc pal and interest requ:~eci by :he prom rory na~ sccvrzd t~erebl, mortgagar eovenants and agrees ~o pay to mo-rgagee with each m,^,nt}l y F3y~.;~;;) tln add ~ion~: sum osr ^ ~ted b,r rr~ort>~agee to be eq~ai ?0 1: 12 of t;1z ;nn~ai cost of the foliow- - ing: ' A-Ali real property taxes lev~,~ or assFSSCd agai•~,st t?-.~ chave desviF~Ed r_a! es'ate. B--Premiums on fire ar.d •h•~^dsror~n insvracce o; i~e~e:n req~:r~c 1a be ..~ri_d cn ?ne , r oveme;us s t;_~ate en rha above d~scr'rbed premise5. C-Premivms on such mart~:ge guar3nty ins~~rar.ce as n:c~Tgagee shail frar r n e ro 'dec~r.i fit ro tarry on the loan scc•~red hereby. Mortgagee sha:l frcm time to t.me r r~ a•c .n •Nf~~rg of !he o~~t ' ,~r~ c.a~as hereurti~r and sucn s~~: sh3il thcreupon be due and payable on tne due date of rha r.ex! n-ortn p;y,~ t a•~d e~ch su,o_>si~e -r a t'i r__af~;r crtg,gee sha!I not;ty n:o•tgager of ~ change in such arrount. Such sums sha;i he a~pLed by mcr?g~~:a tov.ard ti;e payment of reai prcpe~~y taxes, insvra~ce ~~em:vms, a; ci mo:tgage gvaranty insurance prpmiums. IN YJITNE55 ti4NERc0~, the sai~ MQRTGAGOR Fas hcreu•~to set ni; hand and scai rhe day and year first a~oresa~d Signed, Seaf and d' ered in the pre~ence o': f ~ t%~..~ ~ ~ _~Seal) ~ (Seal) -~-W_~ (Seal) (Seal) STATE OF FIORIDA ~ COUNTY O~ ~~I~Z1~ ~ ~,,1) C~_. Before me penonalfy appeared $C&I' F' . R17[~ff_ and T' Rti~~~ his wife, to me wPfl known and known to me to be the individuals described in and who executed the foregoing instrument, and atknowledged 'oefore me that they exetu!ed the same for the purposes ~ therein expressed. And the sa;d ~11(~f1 L~Ruoff vvile of the aaid S C 9 T' • Ru o f f upcn a separafe and private exe~ination by me taken separate and apart from her said husbar.d, atknowledged fo and before me that she execu!ed said inatr~ment f.eely and volun- , tarily and without any comp~~ision, consrra~nt, arprehens/:or.,_~r fear of or fr~m her said h~~band. WITt~1E5S my hand and offic;af s~al this_._~1~_l~ day of , A. D. 19~ ~ • Notary Pub in tr.d for the State of Floriv'a at Large ~ My Comm sion expires: Return To: . First faderai 5ayiags b loan Assotiat:on ~ ~Of F':t•r,ce. ~~~~1~~ ~ NVf1+3f~i_ ~~~hi~r~ ~f~*~ :Sf ~'OI'}Gtt ~ E'$f~ . . - - - - ; _ i~t,p~te,~Q.;~:r~;c~,. ~C~~~A~~ P,1y ~ommisson cxni-es Aug. 5, 1967 F ~or,a~o By Amtncan ~ur~t~; c:o, c! N_ Y* . - - N : ,~5 ~ ~ O K . . - ~ . - • . - ~U~ z~ . _ . . . r ~ - = ~ ,~r€~ : -1 ~ f~~~ , ~0 : pZ ~ _ ~ . , - . ' . : ~ocE~ ~ , _ \e; . , ^ . r ~v,~~'}~ . `j~ , ~ ~ S ~~~tE G S' ~~ERK . - t~ + z . ~a~~~TY. ~ ~ ` ~ . ~ _ . . . ~ % • - ~ x ~ . . , . ~ -