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Home My WebLink About2311 3. To place and continuou~ly keep on the b~i'd'+ngs now or hereaftar a~tuate on ~aid I~nd •nd on al! equipmer~t snd penon~fly covered by this rnp~tp- ay~, with ell premiums thereon~lai~ in fv:~, f;re insurance in tha usual statidard polity fam, in • sum approv~d by ihe MORiGAGEE, a~d windstorrt~ in3urance in ~ne usual srandard pol;cy form, in a sum ap~roved 6y the F110RTGAGEE, in such <ompany or tompaniQS ss th~ MORTGAGfE may direct; and all fire and w~ndstorm insv~ance pol~c~es o~ any of said build~ng~, any intaroat therein or part tharsof, in the ~qg.e~ste sum afwssaid or tn excess thereof, shail conrain the usual standard mortg.~yee clauee or such other clause as the Mortyegea may roquire, makinq IN~ lou und~r said polw cies, each and every, paya~le to sa~d h1URTGAGEE as its lnteiest may appear, and eech and every wch policy ~hall be promptiy ua:gned a~d dalivared to any held by sald AAOR~GAGEE as furrher sewrity ro said morrgage dzbt, and, not leu than ten (10) dayt in advance of the ezpiretio~ of each policy, to d~- liver tn said MORTGAGEE a renewal Yhereof, toge~her with a r~ce~pt for the pramium of such renewal; and there shall be no f~re or windstorm insur~nce plared on any of said buildirrgs, sny interest therein or part the~eof, unfess ~n the form and wirh the loss payable as aforesaid; and in ths evtnt any sum of money becomes payable under a~ch policy or polrciee said MORTGAGEE shall have tha option to receive and apply the ~ame on acco~nt of tha i~~deated ness secwed I~ereby or tu permit aa~d MORTGAGORS ro receive end use it or any part thereaf for other purposes, without the{eb~ waiving or ~mpair- ing any equ~ty, I~en or right under or by virtue of thls rno:'gage; and the event said MORTGAGORS shall for any reaaon fail to keep the said promise~ so ina~red, or fail to de!iver promptly any of said poi~cies of insurance to said MOR7GAGEE, ov Cail promptly to pay fully any premi~m therefor or in any respen fail ro perfo~m, discharge, exewte, effect, cornpiete, compty wirh and abide by this covenant, or any pan hareof, said MORTGAGEE may pl,~ce end pay for such insurar,ce or eny par! thereof without waiving or effecting any option, lien, rquity, or right under Or 6y virfue of this MOrtgage, and fhe full amaunt of each and evuy such payment shall be immediately dve and payable and shall bear interest from the date tt~ereof until paid ai th~ rafs o! nfna per cenrum per arnu~n and togerhar with such interest sha;; be secured by the lien of this mortqage. ` 4. To pe~mit, comm±t or suffer no waste, impairment or deterioretion of said property or any pert ihrreaf, ~ ~ 5. To pay all and singu!ar the costs, charges and exoenses: induding a ~eaionable attorney's fee and co~tt of abstratts of title, incurred or p~id et ~ ~ any tim,e by sa~d MORiGAG.6, because or in the event of the failure on the pan of the said MORTGAGOR ta duly, promptly and fully perform, d'ucharps, ~ exetute, effecr, compl~te, compty wdh nnd ab;:le by each and every the stip~lations, agreements, canditions, and cownann of •aid promissory not• ~nd thii morrgag: any or eE~her, and sa:d c~sts, charges ard expenses, each and every, shall be immediately due and payable; whether or not there ba rotice dt~ ~ ~ mand, attempt to collect or svit pend;ng; and the ~uil a~7rount of each artd every such payment shall bear interest from tfie date thareof until paid at the ~ rare ot nine per cemu~,•~ prr ann~:r~; and all sa~d cusrs, cna~ges and expensea incurre~ or paid, !ogether wrth Yuch {nten~t, shall b~ secured by th~ li~n of thi~ mortgage. 6. That (a? in the event of any breach of this Mortgage or defau(r on the part of the A10RTGAGOR, or (b) in the Qvent eny of tald eumi of money herein referred !o be not prompNy a~d f~lly paid with~n th.rty (30) daps next aiter the eame severally becoma d~e and payat~le, withovt demand or netite, - or (c} in the event each and eve~y the sripu~ationx; agrzemr~rt;, cond~tions and tovenants of sa~d premisiory note and th~s mortqege sny or eithet •r0 not ~uty, pvompNy and f~liy performed, d scharged, exec~~rd, elfe.ted, completed, complied with and a'aided by, tfien in eithsr ur any wch evsnt the seid a~ gregate sum mentioned in said promissory note then remair.ing unpaid, •arith interest aar~ed, and all monrys secured hlereby, fhali be[ome dua end pay- ab!e forthwith, or rhereaEter, at fF.e opnon of sald A10RTGAGEE, as fuily arsd completety as if all of the said w~ of money wera oriyin~lly uipulst~d i to 6e pa:d on s~ch day, anything in sa:d prom~ssory note or in th~s Mortgage to tha contrery notwithstandinq; and thereupon or therea4ler et the option o4 ! i said MORTGAGEE, witho~rt notice or demand, surt at law or in aquity, therefor~ or the~eafrer begun, may be prosetvted as if all money tetured heteby ~ had matured pr~or ro ~ts instir~tion. ~ 7. 7hat in the even± rhat at the beginning of or at any time p~nd~ng any suit upon this Mortgaye, or to fweclose it, or to reform it, or to enfort~ ~ payment of any ciaims hereunder, sald MORTGAGEE shali apply to the Co~rt having jurisd;ctian thereof far ths appointment of ~ Recei4vr, wch Ceurt fhall + forthwith appoinf a receiver of sai~ mortgaged p~operty all and singular, includ:ng all and singutar the intome, profits, isfuef snd revRnue~ from whatw~r { source derived, each ard every o{ wh,ch, it being express'y unders~ood, is hereby morrgaged as ~j •pecifically set forth and da~eribed in th~ qr~ntinfl ~nd ~ habendum dauses hereof, and suth Receiver shali have alt tha broad and effecr~ve f~nct,ons and powe~: in anywise entruated by a Court tp • Ret~iver, •nd , :~ch appointm¢nr shall be made by such Cour+. as an adm;tted eqvity and a matter of absolute right to said MORTGAGEE, and without rtferenp to ths edequacy or inadeq~~acy of the va;ue of the property mortgzged or to the solven[y or ~nso!ven~y of aid MORTGAGOR o~ the defendants, and thet ~uch rents, pro{irs, income, issues ar.d ~evenues shail be applied by such Receiver accord~ng to the lien or equity of said MORYGAGEE and the practice of tuth ~ Court. ~ # 8. To ~u'y, prampN,y and ful~y perform, discharge, execute, effect, complete, comply with and ebide by e~ch end avery th4 ~tipulatiarts, sqreementa, conditions and corenanrs in sa~d promissory no•e and th~s mongage set forth. ~ 9. 7hat in the ev?nt the ownership of the mortgaged premises, or any part thereof, becon+e• vested in a perfon other than the MORTGAGOR, the ~ MORTGAGEE, it~ suctessors and assigns, rnay, w~thout nptice to the MORTGP,OR, deal with such ~utcessor ar Wttessor in inteteit with refersnc~ 10 this ~ moctgage and the debt here5y secured in the sam,e manner as wi~h Mo~tgagor without in any way vitiating or dischsrfling the Mortgagbtt' lisbility hen~r under cr upon the debr herzby s~c~r~d. No sa~e of the Fremis~s he:eby morigaged snd no forbearonce on the part of th~ MORTGAGEE or itt eucceeaors or assigns and n~ exr_r.s~on of ~he fima for the payment of tFe debf hereby secured given by the MORTGAGE~ or its iuctessora or sssignf, ?hell operate ro re!ease, ducharge, mod~fy charge or af{ect the o:ig~nai liab~liry of the MORTGAGOR ht~ein, elther in whole or i,i part. 10. ft is spec~ficaliy agreed that time is of the essence of fhis contract and that no waiver of eny obligation hsraunder or of the obliqati0n st c~red hereby sha'i at any time Ihereafter Le held to be a•xaiver of the terms hereef or of the instrument secursd harby. 11. In add t:on ro t~~ ferege ng ~nonrh!y paym~n~s o' pr~nc pa! and inre.est requi~ed by she prom;ssory no!e secured hereby, mortgegor cov~nanta ~ ~ ar.~ ayrees to ,~ay ro mortga9ee v.ith each r.;cnrh y pa~~;.em an add~rional surn estir.~ared by mortgagee to be equsl to 1~'12 of the annual cost of tha fqllow- ~ ing: t ~ p A-:.II real p;op~rty taxes le~:~ed or aasess_ci ag~i~s? rh: ab~ve des~rfF,ed real esrate. I ~ B- Pr~•rr,;u ns on fire a~d wir,dsror~n ir.sur~cce as i~e~~~~n requ;red te be carricd or, the ~mprovemenri tit~ate on the ebov¢ described promitas. ~ i C-Prerr,lu.^-s on such rnortg;oe gua~anty msura~,:e as mcrtgagee shall frcm t me ;o time deem fit to urry o~ the loan tewred hercby. ~ ? Mortgagee shall frcn, ~~^,e to t:•+~,e noNfy n-.orrc;~g~~ !r v,rlting of the a~~,o~nt d.+e and payable hereunder snd fuch svm shall thereupon be due and ~ Fayab!e on tiia due da~e or rna n_xt monrh!y ~syrr~nr and ea<h successfve .^.~-onrh ihereatt~r ur.tii mortgagee shall not~fy mortgago~ of a change in wch ~ ~ s a--,ovnt. Such wms sha:i be app'ied 'oy rrortgay~.e to»ard ti:e payn;ent of real propzrty raxes, insurante prem;ums, and mortgape guaranty insurorce ~ ~ premiums. ¥ Y t !N VJiTNE55 tOF, the s'rd MORTGAGCR has here;.~to ser his har,d and seal the day an yser firit afore aid. ~ i' Si ned, Seale de ' sence of: ~ ~ ~f , ; ° cs..i~ ~ ~ i cs..i~ ~ ~ ' ~ - ls~e~) ~ ~ ~ (Seal) ~ STP.Tf OF FLORIDA ~ ~ ~ 1 COllNl'Y (7f ~ Z1t,_-7 ~11s~~_Q 1 ~ . ~ 8efore rne perscnally appeared 7~11~ li e psa'~*ti~~_ W~ /jf1W i~ - 1.Fr+s-wiFe, to me well known a~d krown to me to tse ~ ~ the individua de:cribed in and who executed the for?going instrument, and acknowledged before me~ they executed tha same for the pur~oaes I ~ Iherein expresszd. ~l~nc{-Mx-seieF- i w:ta ~f~tb~eal3.._.._. ~ ~ - t7~Qh':'i`YL~i'!TE' ~hb ~Sr141t~ j~ vc~;io31~~~v1ua sa~cae i~a: a?~. and x,:rt ~•~.t~~ ~aKi J~~.sbaqdr ~ctriww4e~fsed a~o-e++ci-beiore-,ne y?Fiet-s8+e-exeevred roa;d-instnm~er» frerl~ ~nd~relon- II~, -+sr~-~errd-vr~t4~evh e.,~ ecxnp~_~4siv~ eensr. slrt1, a(nm*hensRm,"tft 1'p'3r"bt Er'ffDrt1 itEr TatTf~UYSaTid. ~ 1~ W1TNE55 my hand and OfTlG3I seal th~s_ 1 s t_. _ day of J 1 A. D. 19__.~L_ ~ i= ~ ~ ` , i~ ~ ~ • i~ Notary Aublir in and for the Stale of FI rida at Large ~ My Cornmiision expires: i,/h Return To: ~ p,t- A i I~ firat Federal Savin~s 8 Loan Associaticn I ~ ~ Of Fort P erte. ~ , ~ Fort P:rrce: Elorid ir~. ~ r ~ILE AND RE~CQ RDED ~ . : ~ ~ ~L. P~Gt~ID_._ ~ 0 0 K . . - . . _ _ ~ . _ _ . ~ - ~ ~ , • - , . ~ '65 ~lUt I pM 3 : ~ 9 ~ ~ ~ ~ T ~ ; . ~ ~ ~ C?~^!t ~t'Mr{.~ ' . - . ~ ' ' ' i t-•~ . ROGcR r:.'i i i~n~. CLERK . ~T. LUC1~ COUNTY. F~.ORfDA q . . J 60GX ~~1 • -~s`',',y ~ ~ ~W.'~~ ~ ~