HomeMy WebLinkAbout2369 3. To place and conrinuw,sly keep ~n ii,r t~i~'d~rgs no.v or he~eafter •~tuare on said i~nd ai+d on r~t equipm~nt ~nd p~non~lly cover~d by thi~ mo~1Q~
~g~, w~rh •li premiuma thereon pa:d ~n fuli, t;~e ~~~s~canncr !n nc~ ~,~ual srandard potity form, in • ium ipprov~d by ihe MORiGAGEE, ~nd windstorm
insurance in the ~sual •randard po~:cy fo~m, in a wrn appeo~ed by the MORTGAGEE, in •uch comp~ny or eomp~~i~ ~s th~ MORTGItGEE miy
direct; and all firo end windsrorm insurance po!;c~<a on any of sa~d bu~ld~rt~s, any inrsrest therein or part thereof, ie? th~ ~9grcqarQ ewe ~forosaid or
In excess ~hereof, shaN contain the usva! sta~~dara mo,!g.+7ea clause o~ such othe~ tls~se as tha Mortqa9ee m~y requirt, makiny tha losx under sa~d polF
cies, each and overy, payabt~ ~o said MORTGAGEE as ~is (~~terest may appear, and each a~d eve~y such policy thall be promptly sss.p~ed and d~livertd to
•ny held by se~d MORCGAGtE ei furrher security ro sa~~' n~o:tgage debt, and, not less than teh (10) days i~ advance of the expiretion of each pollcy, to do
liver to said MbRTGAGEE a renev.•al thereof, toge~har with a r~cz+pt for the premium of auch renewal; and thete sha(I be no fira ar windsro~m irnu~~nc~
pleted on any of seid buildi~gs, any ~nt~rest therein er part rhereof, unless in the iorm and wifh iha los~ payable at ~foressid; and in the event s~y sum
of monoy becomea payable undrr such policy or ool~cies said MORTG~GEE shall have ihe ~ption to receiva and appty the same on accovnt of tha ind~b!ed-
nes~ ?ecurrd hereby or to pe:m~t sa~d MQRTGAGOkS to receive a~d ~se it or any pasf thereof for orher purposes, wirho~~f the~eoi waiving or impair•
inq any equ~ty, tien or r~ghf undrr or by virt~~e of th~s mo-~gage; and in the event aa:d MORTGAGORS sfiall fw •ny reawn tail to keep the said premises fo
in~ured, or Eail to deliver promp;ly any of sa~d poliuas of inwranca ro said MbRTGAGEE, or fail promptly to pay fully any premium therafo~ o~ in any
respec~ fail to perform, ducharge, exec~te, tffect, comple'e, carnply wirh and abide by ihis covenant, or sny psrt hereof, said MORTGAGEE may p~ace and
pay tor auch in~urance or eny pert thereof wlthout waiviny or affettinfl any option, ~ien, equity, or r.ght under or by virtue of this Mort9aya, •nd tht
full emount of each and every :uch payment shait be ~mmed~ately due and payable and shall baar intere~t from tt» dats thereof until paid et tFu rate of
ninc per [emvm per arsnurn ard to3ethe~ with such intcrrst shail be stcured by the lien of this morfgsge.
4. To permit, canmit or suffer no waste, impairment or deteriorotion of said property or any paA thereof.
S. To pay atl and singular the costs, chargee and rxpensrs, induding a reasonabie attorney's fee and cnfri of abftrotts of tit(e, inturred or p~id ~t
any time by sa~d MORiGAGfE, becauee or in the event of the failure on the part of the said MORTGAGOR to d~ly, promptly and ¢ully perform, dischary~.
exec~te, effecr, cemplete, comply w+~h and ab dr by ea;h and every the s~~puiatiane, sgreements, conditions, and cawnant~ of said promis~ory nots and this
mortgage any or eirher, end sa,d ces~s, char~ea a~d expenses, each and every, shall be immediatrly due and paysble; whether or nat theie be r,otice de
mand, attempt to collect or s~it pend;ng; and the fu~! amount of each and eve+y such paymenf shall baer interesl from the date thereof until p~id ~t tht
rute of nine per czntum per annua,; and a1i sa~d cosis, charges and expenses incurred or paid, together w~th wch intenet, •hall be ~ecured by the ?i~n of th~s
mort9age.
o. That (a) in tfie event of any breach of this f~lcrtgage or de(aulr on the parl of the ~41OR7(3AGOR, or (b) in the ever.t any of said sums of mooey
herein referred to be not pro~np!iy and fu!ly paid w,~tF~~n th,rt~~ ~30) days next atter the same severally become due ~nd payable~ without demand Or notits,
or {c) in the eveni eath and every the stipu!ations, agreements, conditions and covenan's of se;d promissory nole and ihis mortyaye any or titfier •re na1
ivty, promptty and fully performed, d scharged, eKecuted, effected, campleted, compl~ed with 4nd abided by, then i~ eilher or any wth went thr seid a~
gregate sum mentioned in sald promissory no~e then remaln;ng unpaid, vvith interest accrued, end all money seturerJ hereby, ihaN betoma dw md p~y-
aple forthwi!h, or thereafte:, at the epr~on of s~id MGRTGAGEE, as fully and romplete(y as if all of the said tumt of money ware oriqin~lfy stipulsted
to be paid on such d;.y, an~thing in sad p:er.~:ssory note or in th~s Mortgagr to the conrrary notwithftandiny; and th~rsupon or theroafter at the option of
seid MORTGAGEE, w~thovt not~ce or demand, su~t at lav.~ or in equity, theref~re or thereafrer begun, may bt prosetuttd at if all mo~tys s~cur~d her~by
had marured pr~or to ~~f instirutlon.
7. That in tfie event thar et the beginn~ng of or at any time pending any su~f upon this Mortgage, or to for~tlosl it, ot to rrform 11, 4r to anfort~
payment of any claims hereunder, said MORiGAGEE shall apply tu the Court fiaving jurisd~crian thereof for ths appoentmsnf of • tteceiver, wch Court shall
(crrhwith appoint a receiver of sa+~ morrgaged property ai! and s~ngvlar, ir~cfud ng all and singvlar the income, profits, iisu~l snd rtv~nuef from whet~v~r
source derived, each ar~ every of wh:ch, it be~r+g exprrss:y u~derstood, is hereby mortgeqPd as ii ~pec~fically set forth and deKribed In fhe flranfinQ and
habendum cla~ses hereof, and wch Receivar shait have aIt rhe broad ar,d effecr;ve f~nc+;ons and powers in enywite entr~sted by a Co~~t tp ~ Rceeiv~r, ~nd
such appointmant sha~l be made by s~ch Covrt as an ad~~~ltted equity and a metter o4 absolute rigM to faid MORTGAGEE, a~d without refer~nt~ to th~
adeq~acy or inadequacy of the va!~e of the property mo«gaged or ta the so.vency ar ;nsolvency of sa+d MORTGAGOR or the defendants, and th~t such
renrs, profits, income, issves and ~evem,es ahal! be arpi:ed by such Receiver according to the lien or equity of ~aid MORTGAGEE •nd the Rraetice of wch -
Court.
8. To duiy, prompNy and fully perCorm, discharge, execute, effe;t, complete, comph~ with and abide by each and every the stipulations, agr~em~ms,
conditiena and ccvenanrs in ea+d promissory r.are an~ ii~:s m,ngage aet forrh. '
9. 7hat irt fhr evenl th~ ownership of the mortgaged prem~szs, or any part thereof, becomes vested in a person other than ihe MOR?GAGOR, ihe
MORTGAGEE, irs successcrs and ass~gns, rnay, w~++~ou+ nct~ce te fhe ,15~RTGAOR, deal with s~ch wccestior or Wccrsto~ in intere~t with reftrrence to ihia
mortgage and the deb~ hereby secured in tn~ sar^n manr.er as w~.h Mortgegor witho~t in eny way vitiating or diseha~g~~g the lutort~,agori' li~biiity her~-
under or upon the d•zbi here:~y secur~d. No sa'e oi the F~e~r~ses hereby mortgaged and no forbeeronee on the pert of rhe IAdRTGAGEE or its wctefsors
or ass~gns and no exrersion oE the tin,, '.er it,e paym.em of rh~ ~{~~i~ hereby secured giv~n by rhe MflRTGAGfE or itt sueeessors or asiign~, ~hall opereT~
ta release, d~scha~ge, m~ify chanye or affeU the orig~nal l;ao:l:ry of the MORTGAGOR herein, either in whole or in pert.
10. It is spedfica!ly agreed th~t tlme is oi the esser,ce of this tontract and thel no weioer of s~y obf+gat~on hereunder or of the obliqetiOn tr
wred hereby shall at an~ time rhereaffer be he'd to b~ a wa~oer of the terms hereof or of the instrument aecured hert~y,
11. In cdd.rion to tha iorege ^ o~.tn'y payn,_~vs er pri::c pal and interes! re!~~ir=d by the prpm~ssory nore secureCf Fereby, mortpagOr eovMants
ar,d agr~o~ to pay to ~~~.ortgagee w!th each c on±h'y ~,3,;.,~ ~t an add rlonal svm estla,ated by m~rtgagee to be equal to lj 12 of the a~nual cos; of the follow-
ing:
A-All real prcperty tax_~s Iev~_d o! as;ess~~:i ag~~ st !i•: a'e,~ve described real estate.
B--Pr,~:r,:c,rs on f~ra and w;r,dsre:m ~nwr~~:e e; i;_~rc:n req~,red to be carned en tne improvement~ situate on the ebove destribed premises.
C-PIQ!`GiV^`5 0~ wch m::~-ig~ye g~a~3n!y If15J'S'.C8 as mcrtgagee shali from t~me to time deem fit to carry on the I~en secured hereby.
hlortgagee sha'.I fron•~ r~,~.: re _,~~~f; mc~r;;g; r~n r.~;r;ng of the a^•ou~t d~~e and payable hereunder and such sum sheft thereupo~ btr due and
Fayab',e on th~ dw da~e oi r"e ~ c..~ nronth:; ~;~~~~n! and e:cn wccessive month lhereafter uctil mortgagee shall notify mortgagor af a ehange in suth
a:rount. $uch surns sha;l be ap~:.~ad by n,crtg~ ;cr,~rd !h_ paymen; of real property taxes, insurance prem;~ms, and mo~tgage yueranty insurance
premiums.
IN ~YIiN`c5S 'NHEfZEQf, the sa:d ":1CRTGAGCR has Fereu~tc set h;s n~~,d and seal the day and year firyt a4oresaid. ~
,~5igw~, S led a d~li ered in preaence of: ~
.r3,~~~ / /
~C... ~~r ~K~-"~ ..C,./ .~...,._r,5eal)
~ SS.~!)
_ (Se~
~ (Seel)
5iA7E OF FLORIDA ~
55.
COlJ,'JTY OF S~ 121 t I ~U C 1@ _y_ ~ ~
Before me persenally appeared _ ~r• R ~ ~NA~ ~°r~ , _ end
Al l i~.r• a ~}~.r_~____ h~: Hrife, to mc wel~ known and known to me to be
the individ~als described in and who exewted th~ foreqo~ng ir.strument, and acknQwledged before me that they extcuted fha same fo~ ihe puipoYes
therein expressed. And the said_.._-_~__-`~, A1 ~~P.(~g ~•,'~i t.Pz+9
wife of the aaid _ v~.~~ • W f' p~'s - - upan a separate and private
examirat~or by rne taRen sepa•ate and anart frem her said husband, acknowledgad to and before m~e that ahe exe<uttd said instrument fiee~y end volun-
tarily a~d without any compu!sicn, tenstraint, apprehens,on, o~ar uf or frem her •aid husbend.
~YITNESS my hand ar.d offic~al seal this__~~??____ _ day of J~1~-~ A. D. 19 6`7
~ '-~r~L-~%~Lr'~! - ,
• Noiary Pubiic in and for~~~~t~~~oride at Lar9a
RDED My Commission expires: 3
R._turn To:
F::sr Federal 5a~~~ys b ioe~ Asso~~#6.~D AND REC K ;~;otary Pu~~!c, sta`e af F~or:da at t.a+~e
{~.y Corn~ ss o;~ x•rr~s ;;pv.- ; .
Of Fcrt Ple;ce. SN~ BJn~eG ,~::nEr~;,dn._u:2~j,C0: Gi i
Fort ; P~erce,,,Flor'~da ~ '
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r; r~ ~ J'~ L r•' Y~ ~ \ j ~ . . . .1 . - ~~r ~ .
. yr'~r~• •J• . : ~ .
.:.:;~.,.y~. : . GE~t~ ~~~"iRA5, CLERK ~
~ f - : RO r1E C TY. ~ • . : .
_ ` ST. ~U.• DA N .
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