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HomeMy WebLinkAbout2315 ' 3. To platt end contim~c~fly keep on the bui!dings nov~ or hereafter tit~ate on said land and on ail equipment •nd pe-sonat~y tovered by this morrg- I ay~, with sll premiums ~he~eo~ psid in full, fire insi,rance ~n tne usva! S~d11(jdlCj poGty form, in a sum appro~ed by the MOR(~AGEE, +~d windstore~~ ~ insurancs in fhe uxual iNndard pollcy form, in a sum apnroved by the MORTGAGEE, in such company or companies aa the MORTGAGEE may + dir~et; ~nd ell fir~ and windsto~m insurente policies on eny of said buildmgs, 4ny interest there~n or pan thareof, en the aggregate wm •foresaid or 1e ~xceu thereof, ihall contain the usual standard mortgagee clause or such other clause as the Morrgagee may requ~ro, making the loss under sa~d poli- < tia, sach and every, payable to iaid MORTGAGEE az its interest may appear, and each and every s~ch poticy shafl be promptiy assgned end dtlivered !o ~ny held by uid MORTGAGEE aa further securiry ro said n~ortgage debt, and, not lesa than ten (10? de>s in advance of the expirarion of each pol~cy, to de- j. liwe~ to said MORTGAGEE a renQwal thereof, together with a rece~pt for the premium of such renewa!; and lhere shall be no f~re or wi~~dstor~n inwran.e ~ i f piac~d on •ny of taid bv~ldings, any inte~est :here~n or part thereof, vntess in ihe form and with rhe loss payable as aforesaid; and in ihe evttM any sum ( of money becomes payable under s~ch po~icy or poGcie: said MQRTGAGEE s}~all have ~he opt~on to recriva and apply the same on account of ~he indeoted- i ~T nefs secured hereby o~ to permil aaid MaRTGAGURS ta receive and use it or any part the:rof tor otn~~r purposes, witho~! th;rro~ vvaivina o~ n:~p4ir- ~ i an uit , lien a ri ht under or b v+rtue of thii mo:• a e; end in the rvent ta~d MORTGAGORS shall for an reason fail to kee tht said remisas so I ~'D Y ~'4 Y 9 Y 9 9 Y P P insured, or fail to deliver promptly eny of said politiea of insurance to said MURTGAGEE, or fail promptly to pay fuily any premium therefor or in any ~ r~spect fail to perfwm, discharge, execute, effed, complete, co~;~ply with and abide by rhiY covenanr, or any part hereof, said MORiGAGEE may ptace e~~d ~ pay for auch insurance or any pert thereof without waiving or aFfecting any option, (ien; equity, or right under or by v~rtue of this Mortgage, and the full amount of esch and evary such peyment shall be immediately due and payable and ihall taear interest (rom the date thereof ~ntil pJid at 1he rate ol ~ nine per cenfum per annum and together wirh such interes: shali be secured by tho lirn of thi~ mortpage. i f 1. 7o permit, commit or suffer no waste, impairment or dzterioratio~ of aaid property or any part therecf. i ~ 5. To pay all and singuler the cost~, charges and expenses, including a rea~onable attomey'3 fee and costs of ebstracts of title, in~urred or paid at I i ~ eny time by said MORTGAGEE, because or in the event of the fn:lure on the part of the said MORTGAGOR to duly, promprly artd fully perforrn, d~xharge. ~ ~xecvts, effect, complete, comply with ab:de by each and every the atipulations, agreemenrs, conditions, end covenants of said promissory note and this mortg~ge any or eirhrr, ar.i ss~d costs, chargea and ezpenses, eacF~ and every, shall be immediately dur and payeble; whether o~ no~ there be r,otice do- ~ mand, a4tempt to collect or suit peM+~ng; and the fiutt amoont of each and every ~uch paymem shel; bear intzrest from the date thereof unti! paid at the ratc of nine per centum per an+wm; and all said cosrs, charges and exaen;es incurred or paid, together w~th such interQ~t, ahall be aecurcd by the lie~ of this ~ rtwrt~aq~. ~ I S. That (a) in the event of any breath of thi: Mortgage or defautt on the part of the M~RTGAGOR, or (b) in the event any of sa~d •um~ of money her~ln refer:ed to be not pramptly and fully paid within th~rry (30) days ~ext after the sanie severaily beceme due and payable, with~ut demand or notice, ' or (t) fn the event each and every the stipulations, agreements, cond~tions and covenants of sa;d pro+nissory note and rh~s mortgage any o~ e+ther ere nof ~uly, promptly and fully perforr~ed, di3charged, executed, effecred, completed, compi~ed with and abided 5y, then in either or any wch event the ieid ag• qregate aum memioned in said prom~s~ory note then remaining unpeid, with in~eres~ accr~ed, and ali moneys secured hereby, shall become due and pay ~ abl• forthwith, or thcreafter, at the opt~~n of sa~d MORiGAGEE, as fully and completely as if all ~f :he sald sums of money were originally stlpulated ; fo be paid on such day, anything in sa:d promissory note or in this Mortgage to the c~nfrary notwithstanding; and thereupon or theteafter at the opti4n of taid MORTGAGEE, withaut no'~te ar demend, suit at law or in equity, therefore or thereaite~ begun, may be prosecuted as if a!1 monays secured hereby ~ had matured pnp~ to its instJtuiion, t~~ I 7. That in the event that aT the baginning ef or at any time pending any suit upon ihis Mortgage, or to foreclose it, or ie reform it, or ta enforce 1, ~ payment of any tiaims hereunder, aeid MORTGAGEE shail apply to the tourt having jurlsd~ction thereof for the appofntmem of a Receiver, such Couft ~hal! Forthwith appoirit a rece~ver ot fai~ mortgaged property ell and s;n~ular, includ~ng all and siny~lar the i^come, prof~ts, iss~es and revenues from whatever wurce derived, each and every of which, it being expreasiy understood, ~s hereby mortgaged as ~f spec~ficafly set forth and destribed in the granting and habendum clau~e~ hereof, and such keceiver shall have all the broacs and effecr;ve funct~ons and powers in anyw;se entrusted by a Court to a Receiver, and # t~th appointment shail be made by s~ch Cour: as an admitted equity and a rnatter of absolute right fo said MORTGAGEE, and without reference to the adequacy or inedeqvacy of the value of the property mortgaged or to the so'.vency or insotvency oi sa~d MORTGAGOIt o~ the defendanrs, ertd that such +ents, profits, income, isaues and revenues shal! be applied by such Receiver accordirg to the lien or equity of said MURTGAGEE and the practice of such Courf. ~ ~I. S. To duly, promptly and fully perform, discharga, execute, effect, complete, comply with and abide by each end pvery the stiputatians, agreemtnti, conditions and covenants in said promissory note and this mortgage set forth. Yi 9. Thst i~ thr event rhe ownership nf rhe mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the MORTGAGEE, itt succesaors and assigns, may, withaut natice to the MORTGAOR, deal with such succetsor or wcc$ssor in interest with reference to this ~ j ~ mon9~ge and the debt hereby secured in the same manner as w~rh Mortgagor without in any way vit;ating or discharging the Mortgagors' liabil~ty here- under or upon the de6t hereby secured. No sale of the p~emises hcreoy mortgaged and no forbearence on the pan of the MORTGHGEE or its suaessors or assigns and no extension of !he time for the oayment of the debt hereby secured given by th~ MOitTGAGEE or its svccessore or asaigns, ahal! operate ~ to release, d;acharge, modifp ch~nge or af'ect ihe original lia6:lrty of the MORTGAGOR herein, eithzr in whola or in part. 10. It is apeufically ag~eed that time is of the esaence of this contract and that no waiver of any obligation hsreunder or uf the obligation s~ cured hereby shell at any timt thereafter be heid to be a waiver of the terms hereof or of the instrument secured herby. ~ j I1. In add~tion to fhe i~rego:ng monthly payments of princ paI and interest req~ired by the crcn;!ssory no!e secured hereby, mortgagor covenants and agrees to pay to mcrtgagee with each monthiy pay~r.ent an add~rional sum es!ir,~ared b~ mortgzgee to be eq~al to l;'12 of tne annual cost of the folfov+- ~ ing: A-Afl real property taxes levi:d or assessed ayai•~st the a6ov? described rea( esta4e. I B-premfums on fire and windstorm insvrance as 'r~erelr r~qu;red !o be carried en the :mproveme~ts s:tuate cn the above described premiaes. C-Premi~ms on such mortgage guaranty ir.surar.ce as mortgagee shail from f~me to tune deem iit to carry on the toa~ sec~red hereby. M~r!gagee sh~il from time to tlme notify mortsagcr in wr~t~ng of the an~ovat due and payable hereunder and such s~,m shall thereupon be due and payable on the due date of the next monfhiy payn-~ent aad each svccessive monrh rh~~reafrer ur:ril mortgagee sha!I notify mortgagor of a change in such : ~f emount. Su~h sums sha!! be applied by morigagee tor.ard tf~e payment of r~al property tazes, insurance prem;ums, and mortgage guaranty insurance premiums. ; ~ IN WITNESS '.YHEREOf, the said MOR7GRGOR has hereurtto sef his hand and seal ~he day and year firs aforesaid i` Si ned, S+ealed and delivered in the presence ~f: j~ 1~ ~(5ca1) i t ~ ._(5eel) ~ ~ - - a~, ~ ; j ~ - -cs~s„ ~ . ,I i S7ATE OF FLORiDA ~ u. cour~rY oF L~.ze ie ~ Beforo me personally ap~a~ed L o~rS~ TAylar and ! ~ ~il. ~ ~_F_...__~V~OY' ~ his wife, to me well known and known to me to be ~ the individvale described in and wha ezecuted the foregoing instrument, and acknowtedged be`ore me that they executed the same for tha purposes therein expreesed. And !he said-~__ ilOtij..ZC~~ F. ~&~ZOZID ~ _ _ ~ wife af the said Lio~d Ta.ylor vpon a separate and prir•ate examinntion by me taken separate and apan fiom her said husband, acknow!edged to eno before m~ that she executed said inatr~ment freely ar,d volur• ~arily and wiyhout any compulsion, constraint, appreh.~ ~~o~n}~ or fear of or from her said hus rd. WiTNESS my hand and official seat th9s day of___ JL~218 . D. 1S~_ ~ . ; Notary Pub~~c in endfor the State of Florida et larg~ , a, „~rc . . R~{urn T9: My Comm s;on expires: ~~.~nRY P."R~ Ci',TE ;t F! t~71~ ,r;v Ccr~t~;:i~~;~'t E~~'"`s ,;.Ej,,.=W,..~,:_~- firu,_Fedetal Sa~i~~~,..a iorn ASSOCiationFlL .A(` "j~P~~(1 Cp]r ftDED y/~~? ~0„4:_~ rNa~~,~~ s.:~'` ~ - . . r ~~~~Of1_F,PICe. ,t~ ~~~r~{E/ f~~~41~ :JOO~ , .~oC~t„~ierce, florida . _ - ' -d . . ! Ph~ 3 ' S 0 ~ . r . . ~65 ..l I.~ h~ . - ti : . ; . , , . ~ ...~s- . L ~ ' . l n .r . { , o(~ Cp~( . , i~~Vt.t~ t~V ( ~f{rlJ~ l,~~Gflf~ ~~.^-.i s ST. t~UCiE COUNTY, ' - ~ . _ ' FLORlDA ' = ~ .J a~~~ i~~. 5~~ ~ ~ ~ '