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HomeMy WebLinkAbout2373 t: ~ 3. To ptace and continuovsly keep o~ rhe bui!d~ngs now w h~reaher ~~tw» on said land ~e~d on +II squipn~t ~~d p~+sa~+lly covrrai by thi~ mortq- p~, with all premiums thereon paid in fuil, firo inau~ance in the uswl srandard policy fwm, in • wm apNrov~d by tM MORTGAGEE, w+d windstorm ° insur~nh in tM uwai strndard poGcy fo:~:c, in a sum ap~xovad by the MORTGAGEE, in such company a tompaniq a tM MORTGAGEE may diratt; +nd all fir~ and windatorm ins~r~rxe policies on sny of said buildinps, any inN!tit tMnin or part th~r~e~, in tlw ppre9at~ wT aforp~id w ~ ~ in ~xcea thereof, ~MII contain the uwal arandard martqayee claus~ or such oth~r ci~w~r ~a ttu Mortp~q~ may require, m~Airiq tF» lou und~ Nid po1F ~ ties, tath and every, paysb~e to said MORTCrAGEE sa its interest may +p{»+?. +nd ~sch and •very iuch polity ~hall be ptomptly as~:yned ~nd d~liv~r~d tp ~ny held by s~id MORTGAGEE as further ~eturity to ssid mortgage debt, and, not I~u tFan ttn (]0) day~ in ~dvanc~ of tM •xplr~tion of eich palicy, ro d~- ; fiver ro uid MORTGAGEE a renewal thereof, togetMr with a receipt for the prtmium of ruch ron~w~l; and ther~ sMll be no fire or windstorm IMUt~Mr ~ plat~d on •ny o# said b~ildings, any interoit thrrein or pan thereof, unlau in 1M forrn and with tM lou p~yabl~ at •fw~s~id; •nd in tM ~wnt ~ny tum ~ of money becom~s payable ~ndar such policy or policies said MORTGAGEE sh~ll Mv~ rhe optian to receive ~nd ~pply tl~a fama on ~tcount of tM Ind~bt~ ~ rrou s~cured Mrsby or to permit said MORTGAGORS to receive end uie it a any part thereof fw other purposes, wi;hout th~reby waivinq w imp~ir- Iny any equity, li~~ a ri~ht undcr or by virtue of this mo:tgege; and in the svent aid MORTGAGORS ihall for any reax~ f~il to keep tM Nid pr~mises w I Insured, or fail to delivor promptly any of aaid policieY of insur~rxe to ~a~d MORTGAGEE, or fail promptly to pay fvlly any pr~mium tM~efa or fn any i respect fail to pe~form, dixharge, ezecute, effect, complsts, comp~y with ~nd abide by thi~ covenant, o~ any put herwf, said MORTGAGEE may p~aca •nd ~ pay for tuch ins~rance or sny part thereof without waiviny or affecting any option, lisn, squity, a right undK or by virtw of thit Mortqp~, ~nd thi i full emount of each and evtry sucl~ payment shall be immedietely due and payabl+ and shall bt~r intersst from tM ~'at~ th~reof until paid at tM rati ol nine per tentum pet snnum and together wifh auch interest ~hall be secured by th~ lien of thi~ mortpaye. ~ 1. To permit, tommit or suffer no waste, impairment or deterioration of taid property w any parl thsreof. i 5. To pay sll and sinyul~r tta costs, charges and expenut, inc!uding a rsawneble attor~ey'~ he ~nd cwts of abstrattt of fltle, fncvrr~d Or p~id •t j sny time by aaid MOR7GAGEE, becausa or in the eva~t of the failure on the part of tF?~ ~sid ARORTGAGOk fo duly, promptly ~nd fu~ly psriorm, di~charq~, ~ i sxecuts, effect, complete, comply with and eb~de by each end every the stipul~tions, ~graemants, canditions, ~nd tov~n~nro of rs+d promiswry not~ ~nd thi~ a ~ mortgafle any or either, •nd u~d cosra, cherges and expenses, eech and every, sh~ll be immediataly due and payablr, wheth~r a not th~n b~ notic~ dr i mantl, attempt to collect or •uit pending; and the full amount of each and evsry suth payment thall be~~ int~ra~t from tM dat~ tl?~reo4 unfil p~W at tM rete of nine per tentum per ann~m; and all sai~+ costs, cha:g8s and ezpenses incurred or piid, together with iuch int~rest, shall b~ s~turld by th~ Il~a uf thG mort9age. ' 6. That (a) in the event of any breath of this Mortgaye or defauit on the part of the MORTGAGOR, or (b) in tht ~vtnt any of M~d ~vmt of moh~Y ' herein referred to be not promptly and ful!y paid within thirty (30) daye nezt after the seme sevenily b~com~ dua ~nd peyabls, withoW d~mand Or notiC~, E or (c) in the event each and every the stipvlations, agreements, tonditions rnd covensntt of ~~id promi~tory not~ ae~d thi• mortqc,~~ eny ot ~Ither er~ nof ~uly, promptly and fully performed, diicharged, executeo, effetted, comp;eted, complied with •nd ebided by, tMn ih ~ith~r ot any ivth ~wrtt tM s~ld ~ gregate sum mentioned in said promiasory npte then remaining unpaid, with interest ~ccrued, ~nd all morny~ acvr~d. Mr~by, ihall b~come dw and piy~ able forthwith, or the:eafter, at the option of said MORTGAGEE, as fully and tompletely ~s if •Il of tht iaid ~vnr of mon~y w~r~ piqln~lly ttipulattd i; to be paid on such day, anything in sa~d promissory note or in this Mortgage to the tontra~y notwithitandinq; •nd tMrtupo~ ur then~ftK ~t th~ option o~ I teid MORTGAGcE, without nerice nr demand, suit et law or in equity, therefore or tMr~~ft~r beg~n, may b~ prosecut~d u if all rnOrt~y~ Mcwnld her~by hed matured pnw to iti inst~tution. 7. That in the e~ent fhat af the begirtning of or at any time pendiny any suit upon thif Mortpaqt, or to font~os~ it, or to nform If, or ro•nfarn paymant of any tlaims htrrunder, said MORTGAGEE shall apaly to the Court having juriadiction therwf far th~ ~ppointmMt of • Retaiwr, tuth Gourt •MII j~ forthwith appoint u receiver of saiF! mortgaged property all and singuler, includ~ng all and singular th~ incortN, p~ofits, Uuvp ~nd r~v~nve~ frpm wh~t~v~r • eource derived, each and every of whi~h, it being expressly understood, is hereby mortgeged a~ if ~ptcifiully s~t forth •nd dNCriMd In thi pr~nt(np ~nd ~ i hebendum clauaes hertof, and such Rece+ver ahall have all the b:oad and effective functions and Fowen in •nywist t~truat~d by • Court tq • RK~Iv~r, ~nd wch appointment shall be made by such Coun aa an admitted Fquity snd a matter of absolute right to said 'M~RtGAGEE, ~nd without nf~r•ne~ to fl'N ~ edequacy or inadequacy of the value of the propewty rriortgaged or to the ~olven:y or inselventy of t~id MdRTGAGOR or tM dofend~nn, rnd thlt rueh w renn, Rrofits, income, iasues and revenues shall be applied by such Receivcr accord~ng to th~ tlen or ~quity o4 wid AAOR?GAGEE ind th~ pr+etlt~ of ~uch ; Court. 8. To duly, pr~mpily and fully perform, discharge, execute, effect, con~pleta, comply with and ebid~ by ~ath •nd ~very t1» ~tipulas3ort~, pr~entnt~, conditiona end covenant~ in aaid promisaory note and th~a mortyage aet forth. g; 9. That i~ the event the ownership of the mortgaged premises, cr any part thereof, becomes vasted in a p~rwn otF+~r thm th~ MORTGAGOR, tM f~ MCRTGAGEE, its successors and assigns, may, without r.orice to the MORTGAOR, deal with such suc:.~aor w wtseswr in intor~st with r~fsrent~ to thi• s' mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiatiny a diuharpinq ths :Nortpegorr' li~biliry Fwr~ under or ~~pc~n the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante an tiro part of th~ MORTGAGEE or it~ tucca~sor~ ~ or assigns and no extension of !he time for the oaymem of thc debt hereby sewred given by tha MORTGAGFE or it~ •uettit~ors or suiflns, fhall optrat~ fo release, d;scharge, modify change or affect the original liabiiity of the MORTGAGOR herein, either in whole or in p~:t. ' 10. It is specificatly agreed rhat time is of the essence of this controct and that no waiver of ~ny obli~atlon hertunder w of t~~ oblfq~tibn !s~ _ c~red hereby thell at any time thereafter be held to be a waiver of the terms hereof or of the inatrument a:cur~d Mtby. 11. In addition to tha forego:ny monthly payments of princ'pal and inrerest required by the promiewry note tecured heroby, mortyaqor Cownents i~ and egrees to pay to mortgagee with each month!y payrient an add~rional aum estima~ed by mortgegee to b~ squ~l f0 1~12 nf the annud cott af the fOilow- ing: A-AU real property taxes levied or assessed against the above described ree~ cstate. ~ j B--Premi~ms on firP and windstorm insurar.ce as herein requ~red !o be carried on !he improvemenri situate on ths •bove d~strib~d pr~miN~. C-Premiums on such morrgage gua~anty ir,surar:ce as mortgagee shall from t~me to time deem fit to cirry o~ tht Io~n teturtd h~reby. Mortgagee shall from fime to rime notify mortgayor in writ~ng of tht amount duc and payeble htreunder snd iuch fum shall thshupon bs du~ ~nd ; payable on the due date of the next monthly payment and each s~ccessive month tnereafter until mortgages shell notify morigsgor of ~ chanp~ ln such y amaunt. Such suma shall be a lied b mort a ee toward the a men? of real ro art tazes, insurante remiums, and mort a• uat~n (n~urent~ ~ PP Y 99 PY P P Y P ~a ~ premiums. IN WI7NE55 WHEREOf, the said MORTGAGOR has here~nto set his hand and seef the day and y~er fir~t aforsiaid $iyned, led and ivered in the presence of• i n ~ ( •n _ p re„a~~ ? STATE CF FLORIDA ~ ~ couNrr oF _~t r•ttC i a Sefore me personally appeared Don9~ ~ B MD07' _ - -•nt! PO~~ MC?OP@_ ~ hia wife, ro me well known end known to me to b~ ; the individuais describad in artd who executed the foregoing instrument, and etknowledged befare me thet ihty axetuted the same for tFw purpc+ses ~ ~herein expresaed. And the said PO11~ 5. ~OOZ'~ wife of t:~e said DonaZd B. MOOI'8 upon e sapar~te snd priv~t~ examination by me taken separate and apart irom her aeid huaband, atknowledged to a~d before ms that sfia exetuted said irutrument free~y end volun- tar~ly and without any compulsion, constraint, ap~rehensio r fear of or from her uid husband. WITNESS my hand and officiat seal thia_~- day of- A. D. 19~~r~,.. f Notery Public in for the Stita ~f fbrida ~t larpt ~ ~ • ~ ~ ~ ~ : My Commiuion piref: ~ f~el~?/~ A pp qp, Fint F~iie~~"5avingi•bP`trs;a, Aswtiation , 4 ~`?~'Y ~ • ^fi ~'r^ 'tt L?tq@ G~o ~ ~~~0~( - „ o, i?o7, ' Qj. rt P~erct' 1 ~ ~ ~ _ :.r ~i~ ~t N..Y~ ~ . ~ ~ . t~1 FierCe ~ F.~Ori~a. . - .,~~~,Z. _ . . ~ ~ . . - ( - f'~ r. f ~ `C ~ S J ~ ,f., f ' b5 J~_I,. 2 PM 2 . 53 • _ s~ ~ ; ~ ~ : , ~ c E C4`,~ _ ~ • . ' . , y ~r ~ ~ ° . . ~ F~' t, , • C I F R4G.E'r~{ PJf 1 t~A~'3,s CL.~FiI~ . G4~~k~ ~~~.1~~1~,. : ~ ; ~~Qt~i@A _ . , . , - ~ , ~ i ,~t~; ~ . , ..,...;al~ . a°o~~ . . -~=4:. ; i r _ , . _ s 'rly~•s ~p~ ' . + .