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3. To place and continuously keap on tne b~i;dings now or herrefter aitwte on said loe~d srd o~ all equipment ~nd p~r~atially tovt~ird by thit mwtp- ~ I 1, 4',
p~, with •H premivms thereon paid in fufl, fire insurorcce in tha vfuel a+~ndard po!icy fwm, in a sum approvsd by the MORiGAGEE, ind windsiwm ~
fnawance in the usual ~ianda~d oGt form, in a sum a roved b the MOR7GAGEE, i~ iuch com an w com ni~s a~ tM MORTGAGEE m~ ~
P Y RP Y P Y P+ Y ~ ~~F:
direttJ •nd ell fire and windrtorm insurance policies on any of said buildings, ~ny inter~st ther~i~ o~ parf th+ereof, in the apgrepatt wm ~for~s~id or !
1n ~xce~• tharrof, shell contain fhr uwal ~tandard morrgagee clause or svch otha~ clsusa as th~ Mortflsgei mry r~quiro, makiny tM lats under uid po~M I,~c=}
ties: each and every, payable ro aaed MORTGAGEE ei irs interest may appear, and each and wery suc6 poGcy ah~ll be promptiy us.9reed ~nd delivtrrd to
any held by se~d MORiGAGEf ea further aecurity to said mo~tgage d:,b~. and, not Izss tha~ ten (10) days in advanco of the expiration of each pol;cy, to d~- I
liver to teid MORTGAGEE s renewal thereof, together with a receipt for the premium of wch renewal; and there ~hall be no fire or wind~to~m inturanta
plsced on any of said bui!dings, any interest there~n or part theieof, unleas in 1he form and with the loss peyable af aforesaid; and in the ayent sny sum ± iY~
of mpney becomei payabl~ u~der aucn policy or poGcies uid MORTGAGEE shall have the opt~on to recaive and •pply the same o~ account of the indebt~d• ' ~F;'
ntu aecured hereby or to per.r::i said MORTGAGORS to receive and u?~ it w any part thereof fa orher purpasss, wirhout rhareby waiviny~ or ,mpa+r• ~
ing any equiry, iie~ or right under o~ by vi~tue of thia mortgage; and in the evant said MORTGAGORS sAel1 far ~ny roason fail to keep the s~~d prami~e~ ~o , (,1
insured, or fail to delivar pro~nprly sny of said polities of in~urance to aa~d MORiGAGEE, ot fail promptly to pay fu!ly any premium therefor Or in any ~
re~pcct fail to perform, discharge, executa, effect, con,ptete, coR~ply with snd abide by this covenant, or any pert herwf, said MbRTGAGEE may place and
pay fur iuch in~u~nnc~ or a~y pert thereof without waiving or affectinp any option, lien, equity, or riflht und~r or by v~rtue of this Mortpaq~, and tfie ~
full amoum of each a~d evefy such paymem shall be immediately due and payable and •hall beer irrrerest from ths datt thereof unril paid et the rate o1 ~
R~ne per cenrvm per annurn and toge:her with such interest yhali be secured by the lien of thi~ martgage. ;
4. To ptrmit, commit or suffer no waste, impairment or deterioration of said properry or any part thereof. i
5. To pay all and sinc~ular tM costs, cha~c~et and exps~s~, including a reawnable altorney"~ fee end co~t~ of a6~?racts of titie, incvrr~cl or p~id N ~
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a~y tima by said M,dRTGAG'~E, becavse or in the event of the failvre on the part of the seid H1pRTGACrOR to duly, promptly and fully perfo~m, di~char9~, ;
executo, ctfecr, cumplerr, compiy with and ab;de by each and every the st~pulat;ons, egreemems, cond~tions, and cownann of •a~d promissory note ~nd rhii ~
mortgage any or either, and sa~d costs, charges ar,d expenses, each and every, s~all be immediately due end payable; whether or not there b~r rotica dt .
mand, attempr ta co~Ie<t or suit pend'+ng; and tha full arnount of eech ~nd r~ery wch payment shall bear intenst from the date thareof unt~l p~ld at th~ y i
rate of n~ne per c~ntum per annu:n; and all said wats, charges and expensea ~ncurred or paid, together with wth inter~~t, shall be a~cur~d by the li~n of fhis
mortga9e. ~ ;
6. That ~a) in the event of any breach of this Mortgage or drfault on ttie part of the MORTGAGOR, or (b) in the •vant any of ~aid •um~ of money
herein referred to Le not pro~nptly ard fully paid within th~rty (30) days ~axt after the same severally become due and p~yeble, without d~mand or natite, ~
or (c) in the event each and avery the stipuiations, agreements, cond~tions and covenents af sa:d promisto~y note and thls mortpeyt any or sith~r an no1 3;
~uly, promptly and f~tly Qerformed, dlschargad, exewted, effected, completed, complied with snd abided by, tMn i~ eith~r or any iuch ~vfnt tM •~id ~q• ,
gregatm sum memicr.ed in said promissory note then remaining unpaid, w~th interest accrued, and alI montys ~ewr~d. hereby, ~hall become dw and p~y ~
able forthwith, cr ther~after, at the op!~on of said MORTGAGEE, as fully and ccmpletely as if all of the said sumt of money were ori9inally •tipulated
to be pa:d on such dny, anything in Sa:d pro~nisscry note or in this Mo~tgage to the cemrary notwithitandin9; and ther~upon ot thereahsr at the Option af
seid h10RTGAGEE, w~rhout not~ce or demand, suit at iaw cr in equiry, ther~fore or fhereafter begun, may bt pro~ec~trd u if ~II moneyi Nturo~ hertby
had mat~red pr~or to rts instit~rion.
7. That in the event that at the beginning of or at any time pending any suit upon this Mortga9~, or !o iOrKtos~ it, ur to reforsn it, or to enfo.•t~
payment of any claims here~nder, said A4URTGAGEE shai! appty io the Court having jurisd~ttion ihereot for th~ lppaintm~nt of a Reteiver, iuch COUrt shall
iorthwirh appemt a re,eiver cf saif! mor!gaged property al1 and singula~, includ~ng all and singular the incom~, profits, iswtf and revsnuei from whatev~r ~
so~rce der~veJ, each and every ef wh;ch, it being express!y unders~ood, is hereby mortgaged as if spec;fiutty sef forth end deferl!»d tn the 9r~ntin0 end
habendum clavses hereof, and such Receiver shal! have ai~ the broad snd effective funct~ens and powert in anywise entru~ted by ~ Court tp a ket~iwr, and j;
such appointment shalf 6e made by such Court as an admitted equity and e matter of absolute right to fsid MORTGAGEE, ~~d without r~fer~np to th•
adeq~acy or inaJeq~acy of tne vatue of the property mortgaged or to rhe soivency ar insolvency ot aaid MORiGAGOR or the defendant~, and that rush
renis, prof;t:, income, issues and revenues shall be applied by such Reteiver according to the lien or equity of uid MORTGAGEE ar.d the prattiq of fuch
Court.
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~ 8. To du!y, prompt;y and fully perform, discharge, exetute, efiect, com~lete, compfy with and abide by each and wery the stipvlation~, e9r»ments,
conditions and covenants ~n said prom~ssory note and th~s mortgage fet forlh. ~ i
~ 9. 7ha! in tne event the ownership of thz mortgaged premisee, or any part thereof, becomes vested in a perwn other ihen the MORTGAGOR, thp
MpRTGAGEE, its wccessors and ass~gns, may, without noiice. ro the MdRTGAOR, deat with svch succrssor or wccessor in interait with refer~nt~ to thi•
mortgaoe ard the debf hereby secured in the same manner as vvith Mortga~or without in eny way vitieting or diuharginp ihe Mortqegorf' li~bility hera
under or upon the debt hereby secured. No sa!e of the Frem:ses hereby mortqaged and no forbearonee on the part Of tha MORTGA~rE or it~ •uetassor~ ~
or ass~gns and no extension of the rime for the payment of the debt hereby setured given by the MORTGAGEE or ita tucce:aorf Ar attigns, ~heli operat~ ~
to re!ease, d~scharge, modify change or affect tha o:iginal liab:lity of she MORTGAGOR herein, eilhxr in whole or in part.
10. !t is speuiically agreed that lime i3 of the esaer.ce of this contract end that rw waiver of any obliqation hareunder or of th~ obl(q~tion ~ i
cured hereby shall at any time thereafrer be he!d to be a waiver of the terma hereof or of fhe inst~umeN ~ecured herby.
1 t. tn add:tic.~ to the forege'n_~ monthly payments of p.i~c"pa1 and inrerest required by the prCmistory no!e secured hereby, mort~agor covonant~ ~
and agrees ro pay te mortgagec with each monthly payr:ient an add~iional sum est~mated by mortgagee to be eq~al to 1%12 of ihe annua) toft Of tha follow- ~
~ ing: ~ i
A-AH real property taxes leviad or d55B55CC~ agai-~s! tiie a6ove describ^d rea! estate.
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B-Pre:r,~ums on flre and wirdsronn irs~rar.ce as here~n requ;red to be ca~ried on the improveme~t~ s~tuate on the ebove de~cribed premiee~.
C-P;emlur, s o~ s~th m,or!gage guaianty insurar„e as mortgaoee shal! from tlme te timc deem fit to csrry on the loen tewrod hereby. ~ i
Mortgaqee s'~a:l frcm time to t~re nor~fy r:~ertGagor In writ~ng of tne amovnt due and payable hereunder end tuch tum shall ihetsupe» be due and ~
~ayab!e on the d~e c~re of thz nezr n;onth;y paymenr and each suuess~ve monrh thereafter until mortgagee thall not;fy mortc~ar~or of a change in wch ~
,',t ar~,ou~t. Such wms sha;l ~e spp:ied by mortgag~e tow3rd ~ne F:ayment of real property taxes, insuronce prem:ums, and mortgage guereniy insurance
' pr2miums.
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I F IN YJITNESS `1VHER,OF, the sa~d MORTGAGOR has h=reunto set his hand and seal the dsy and year fint eforesaid. ~
$igned, Sealeo and deiivered '+n the presence cf: ~ r '
; ~ i' - ~C~~G:~.r~-~.'7~=---~'a~! ~ ;5ee~) * ~ ~
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./~,~.~r~~~ {Sesl) ~ :
~ - _ ~~~GG~~~~_ ` (Seal) ~ i
STATE OF FLORiDA ~
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! COU:~ETY OF t. Luc f e ~
t~ Before mr personaliy appeared _ O~1 S ~B Wright end ?
_ ~1~ ~ 8. Wr ight _ h~s wife, to me well known and known to mt tn be
tha ir,dividuai~ destribed in and who execured the foregoing ~nstrumertt, and acknpwledged befors ma that they executed ihe same for the ourposes ~
fherein expressed. And the said_____ .7u 1 i~ 4~7~j~}'1 t
~ wi;e af rhe said ~ Q 9 S~,,,9 W2' ~}1t _ upor~ a separote and priva'e
exam:nat~on by r,~e taken separate and apart frcm her sa~d husband, etknowledged ta end before me that sh:+ exetuted said instrument freely and votvn-
tarily and vnr~tho~t any compuls~on, constraint, apprehens;on, or fear of or from ner .a1d husband.
" + WIiP.cSS my hand and ofticial sea! th;s__~~~~ T' _ day oi - A. D. 19.~}_
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~f Notary Pub!ic in ayd for the 5t e oi FI rida at lar e
~ ~ / My Commis3ion expirer, d /~h Q ~i ~ 9 , ` ~
~ Return To: ~IL~ qND RECORDED ts . , ~
First ~ederal Savir.gs & toa~~~ss c ~ n~ • ~ ,E ' ' _ '
' Of "rcrt P;e•e.,. ~ G f\ ~ 1~~3 ~ ' . '
Focs ai~tce, ftcrida _:+;;,,yt
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- ' _ ~OGrR P~I 1 ~AS. ~C[.ER6C ~
. ' ~ ST. Lt1Cl~ COUNTY,
~ ~ ; - FLORlDA
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