Loading...
HomeMy WebLinkAbout2307 _ ; 3. To piece and continuoualy keep on the bul!dinge r.ow or hsreafrzr ~~tuate on se~d land and on all equipment •nd ptnon~lty covsred by thi~ monp- ege, w~th NI prem~um3 Ihereon pa~d in full, firr insur~nce ~n the vaual sta~+dard pol~cy fo~m, in ~ sum approwd by the MORTGAGEE, and windstwm insurance in tha usual sronda~d pol~cy form, in a sum approved by the MORTGAGEE, in wch company or tompanies tht MORTGI~GEE may direct; •r,d afi fvr end w~ndsturm ir.s~racts pol~clei on eny of sa~d buiid~ny~s, eny interest therein or part the~eof, in tM +yyre9ete ivm ~fapaaid or ! ir~ exeess thereof, shall contain the uwal stan~ard morfga9ee ciauae or s~~ch oths~ clause a~ tha Morrfla~ae may requ~n, makin9 ths lo+s ur~dsr iaid pal~ uea, ea<h and every, peyab!a to said MORTGAGEE aa ~ts inierest may eppear, and each and every such puli:y ~halt be prort:prly ass:gnad a~d delivsred to any held by sa~d MORiGAGEE as further security to sa~d niortgage debt, and, not !ess than fen (10) days in advance of 1he expiration of each pol+cy, to d~- liver to said MQRTGAGEE a renewal therrof, toge~her with a reca~pr for thr premium of such renewal; and there shall be no f~re or windsio~m insurenta placed on any of said buildings, a~y interest therein or pa~~ thareof, vn!ess in ~he (orm and with the loss payahle as eforesaid; and in the cvent eny sum of money become~ payable under svth policy or pol~cies said h10RTGAGEE shall have the option to receive and apply the tame on account of the indtbted- ness sacured henby a to perm~t said MC~RTGAGORS ~o receivr and use it or any pari thereof for other purposes, w~~hout ihereb~ waivin9 or ~mpair ing any eq~ity, I~en or r~ght ~+nde~ or by virtue of th:s mo:tgage; and in the event sa~d MORTGAGORS shall for sny reason fail to keep the ~aid prami3e~ so insured, or Fail to deliver promptly any of said policies of insurance to sa?d MORtGAGEE, or fail prompiiy to pay fully any promwm therefor or in any respect fail to perfvrm, d+scharge, exec~te, effect, complate, comply with and abida by thi• covenant, or any pan hereof, said MQRTGAGEE may plate and pay for such insurance or any part thereof wifhout wa+v~ng or affeding any option, lien, aquity, or rigM u~der w oy vi~wo of this Mortyaq~, end the ~ full arnount of each and zvery such peymant shall br immediately due and payable and shal! besr interest from tfis date thereof until paid at the rat~ 01 nlne per cent~m per annum and tag-rther w~!h suci7 inreresr shali be s~cureo by tha lien of this mortga9e. 4. 7o permir, commit ar suffer no waste, +mpairment or detzrioration of sa~d property or any part thereof. ° ' 5. To pay all and singular the costs, charges and expenses, inclusl~r.~ a reasonable attorney's fee and cosh of ebstracts of title, incurr~d or paid at ; eny time by said MORTGAGEE, because or in ihe event of tha failure on the part of the said MOl2TGAGOR to duly, promptly snd fully periorm, ditrharp~, r rxecute, effect, complete, comply w~th and ab:de by each and every the stipulations, agreemente, conditinns, and cov~nant~ ot ~ad promissory note and thi~ ~ , mortgage any or enher, and sa~d cosrs, .harges and expe~ses, each and every, shall be immediately due end payabte; wherher or not th~re be r~otics ds ! mand, attempt to collect or suir pend~ng; and rhe full amount of each and every such payment shali bear intersst from the date thereof until pald at tM ~ rate of n~ne per c~~m~rn per dnnu:n; and all sa~d costs, tharges and exf~enses ir~curred or paid, toc~ather with such Inter~~t, shall be sxured by the li~n of thi~ ` morrgage. z 6. That {a) in the event of any 6reach of this Mortgage or default on the pa.t of the MORiGAGOit, or (b) in the event any of ~nid sum~ of mon~y herein refarrrd to oe not pror.~ptly and fully paid with~n th~rty 130i days nexi a`rer the same severally bec6me due and payable, without demmd or notite, or (c) in the event each and eve~y the stipulations, agreemenrs, conditions and covenants of sa,d piomissory note •nd th~• mort~ept any ot •ithu ~re not ~uly, promptly and f~l!y performed, d~scharg~d, executed, sifeded, completed, complied with and sbided Sy, tnsn in eithtr ot any wch w~nt ths Mad ~p~ ~regate sum mentioned in said premissory rore then remaining unpaid, with in~erast accrued, an3 all moneye secvred. hereby, •fisl! become dw end pay- able forthwith, or thereafter, at the option of said P,1pRiGAGEE, as fully and completeiy as if sll of the •aid surro of money were oriqinally ttipul~ted to be p.+:d on such day, anything in sa:d prorn~sscry note or in this Mortgage so 1he contrary notwithstandinq; anc# therwpon or ihereafter at the optipn of snid MORiGAGEE, without ~otice or demand. suit at law or in equity, therefore or thareafier begun, msy bt prnsecul~d ~s if all money fsturtd her~by had matured pr~or t~ i~s insiitvrion. 7. That in the evenr rhat ar ~he brginn?ng of or at any time pend~ng any auit upon thia Mortgaqe, o~ to for~clos~ it, or to reform it, or to tnfort~ payment of any claims hereunder, said h10RTGAG:E shall apply ta the Court having ~urisd~dian thereof for ths appointm~nt of a Receiver, wch Court sha!! ! forthwith appoint a rece~ver of sa~~ mortgaged property all and singular, inc!ud~ng all and singular the incom*, profih, it~w~ ~nd rewnuet frorn whetewr ~ source der~ved. each ar,d every ei wh~ch, if be~ng express;y undersrood, is heraby morraaged a~ if ~pecifiully ~et forth end de~eribed in ihe prantinp an~ + habendum da~ses hereof, ar.d such Receiver shal; have all the broad anel effective funct~ons and powerR in anywite entrust~d by o Court t9 ~ Receiv~r, ~nd I wch appoiatment shall be made by such Court as an admltted equity and a matter of abso;ute right to said MORTGAGEE, snd without roferene~ to th~ adequacy ur inadeGuarf of the value of rhe proparry mortgaged or fo the so;vzncy or insolvency of s~id MORTGAGOR or tha defendant~, and that •~ch ~ rer.ts, prafits, income, issues and rever.ues shail be appi~ed by such Receiver accord:ng to the lisn ot equity of uid MORTGAGEE and th~ prottiq of wch Court. ~ 8. To duly, prcmpt~y and fu!~y perform, discharge, ezecute, effect, complete, comply with nnd ab;de by aach end wery the ~tipulation~, agrerment~. conditions and covenams in ~a~d promissory note and th:a mortgage tet forth. ' 9. Tnat in the ev~nt the ownership of the rnortgaged premises, or any part TherPof, becomea vested in a perwn other than the MOR7GAGOR, the M,ORTGAGEE, its wcceason and assfgns, may, without nofice to the M,ORTGApR, de~l vvith such succeswr or ~ucrnior in i~tere~t with refer~nta to thi~ I~ mortqage ar.d the d:bt hereby sewred in the same manner as with Mortgagor without in any way vitiatin9 or discharging the Mprtpeyost' lisbility h~rM under or upon the debt here::y secured. No sale of the premises hereby mortgaged and no forbearonte on Ihe pert of the MORTGAGEE er it~ wccessor• i; or ass~gns and no extens~on of tF.u tlm•~ for the oaymem uf the drbf hereby secured given by the NtOR7GAGEE or its wccetaon or aasignt, ~hall operat• to release, d~scharge, mod~fy chanpe or aftect the o:ig~nal liaoi!ity cf the MORTGAGOR herein, either in whole or in part. 10. It is speuficai{y agreed that time is of the esserue of this contract and that no weivar of sny obligation fiereunder or Cf ih• obligation sr cured hereby shali et any time ~hcreaiter be held to be a waiver of fhe terms hereuf or of the insrrument secured horby. ~ 11. In add.tic^ ro the fore~c ^~onti~!y paym_nts of princ pal and interest requ~red bv the promissory rso!e ictured hereby, m0.•tgagor Cuv~nanTS ~ and ag!res to pay ro e•~ortgaqee ~nith e=ch mor~th y pay~,~ent an add~r.onal s~m esti:~ated by mortga3ee to be eq~al !0 1`12 of the snnuel tost of iha fOllow- ~ ir~y: ~ A--A11 rea! croperty tax<s le~i_d or LSiE55Gj agai~•st nc~ a6ove desaibed real estate. ~ B-Prem(~ms on fire and windstu:m ~nsvr~rce as h=re~n requ;red to be carried on the improvements situete on the ebova det~ribed pramitas. C-Pre:~iuo s on such rr~ortg~ge gvaranty irsuracce as morrgagez shall from t{me to time deem fit ro urry on the loan ~ewred hereby, i Morfoagee snaii f.cm r~:n_ to ti^•.e ro~~fy n~c~?c;a3cr !n wrls~ng of tt,e amou~t due and payable hereundzr and such sum shell thereupen be due and ~ p3yab!e on tha d~e da~e of the next monih!y p~yre:;r and eacn wccessive mooth !nereafter un~il mortgagee shafl noYrfy mortgagor of a changs in such { a~~•,ount. Such sums s!~all be app',ed by mcrtgagee tc.4ard ths cayrnen; of rea! property taxes, insurance prem~uma, end moripega guaranty insurancm ~ premiums. N 1'r'ITNESS WHEREOF, the said ~AORTGAGO~ has here~nto se! his hand and seal the day and ytar firtt aforws+d. F Si ned Seal a del' erad in, the presence of: -x ~.l./~t-~' ~ r' ' ~ 5~i1) ~ ~ _ ~ ~S~~f) ~ - _ {S~~I) (Seal) STA7E OF FLORIDA ~ t COUNTY OF ~ t- L-~S'c.~ ~ 8efore me personaliy ~ppeared Abe ~u-~8A' and _ Rar~z~ie_,~. U.r11.8Y' his wife, to me well known and known to me to be the individuals u'esuibed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes Iherein expressed. And the said____---_-_ RBTln~~l]~~ @r wife of the sa;d Abe S11Rll~i upon e separafe and private exam~nation by me tzk~n ieparate and aparf frcm fier said husbar.d, ackno~n-ledged ta and before me that she axecuted said instrument freely and volun- tar~iy ar.d wltho~.;t any comp~lsion, consrrain!, aFprehens~on, or fear of or from her saitl husband. L~ j~ WITNE55 my hand and offi,iaf seal th~s___~DSS_ day of t~Li~le ~ A. D. 19~Z. I F' ~ ~ 11 ~ • _ _ _ _ ~ . : . . I ~ ~ • V L~T~ - ~ - " . 1 i ~ Notary Public in and fnr the ~1ate;vf,l'f'orida~kT•lesy~~. , ' ~ DNy Commission expins: ' ~ ,'"'S? , 1 1, , r ' . Return 70: h ~ 1 ~ First federat Sevingi & Loan Association , ~ ~ ; ~ ~ K ' = ' ~ Ot fOrf P.~ rC~. ~ NGTARY PUMIC,S?~7f'cffCO~IDF~at i}IRCE f Fcrt Gie~ce, ~ior~da NY G~5'?~1lS~IDY• EXP/Qo~ ~1~Q, •24. 1953 i~ I,..~, _ . - • ~ ~ I Fi~ 3 . 49 , . _J . , F f.' _ . . . ~ ~ . . ~ ~oc;=.~ r r~~:~~. C4~ERK - _ ; ' ST. ~FL(~R DA'~TY. . ~ , ~ f, ~ i~~ ~C ~ .