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3. To plxe ~nd continuowly keep on the bui:d~ngt row or hrreafter slruate on ~s:d ~end u,d on a!~ rqv!p^+enr and penonelly covered by thi~ matg• ; I~'
~ pt, wifh dl pr~mium~ thereon paid in fu~l, fire ins~ron:e ~n ihe vswl srande~d yolrcy !o~m, in a sum approved by the MOR~GAGEE, +nd w~ndstorm I r''
~ imuimce In Iha utiwl s4ndud poGCy fo~m, in a ium appro.ed by thz MORIGAGEE, in such tompany or tomp~nie~ as the MORTGAGEE nray
CINK~i u~d ~II lire ~nd wind~lorm inluronce pouuas on any ol said boild;ngs, any Interest 1Fwrtin ur pari thertof, in fhe +qqreyale ~um ~loresaid or
~ M uee~f thereof, shill contain Ihe uwal ~tar.dud morrgaqee clauae or such o~her clause as fhe Mortyagee may requ;ra, msking the loss undtr taid polr I ~
tin, eath md every, payable ro said MORTGAGfE as ~rx intereet may appear, and each and every su<h po~icy shalt be promptly a:s qned a~~d delirered ~o
' my held by s~id MORTGAGEf es further sec~iity to ~aid moitge~e debi, and, no~ less than ten {IO) days in advance ol the expira~~on of aach pofcy, Io do- ~
lira ro ~~id M4RTGAGEE a rtnewal thereof, togethcr with a re<e~pt fpr ihe premium 01 ~uth rcnewal; and ifiere shall be no f~re or windsrorm insurancc ~y;
plKid on ~ny ol uid building~, any intne~t thr.e~n a pari ~hareof, unleu in ~he form ~nd wi;h iha loss payable as aioresaid; and in the evem any eum I ~
" o} money batomet piy+ble untkt toth polity or policies said MORiGAGEE shall have the option to teteive and apply the same on account of rhe indabted I
rNU ~etured Mreby a ro perm~t said MORTGAGORS ro recerva and u?e it or any part thereoi for o;in•r ~:urpescs, v:lihout th~~<oi wai.i~~ cr ~n,pair- !
inp ~ny eqvify, lien a right under or by virtue oi this mortgage; and in the event sald MORTGAGORS ahall lor any reason lail !o keep the ~aid premises so I
iniured, Or fail W deliver prompTly ~ny oi said poGcies of insuren<e to said MORTGAGEE, or iail promptly to pay fully any pte~niv~n ~hetefor or in any j
r~tpect f~il fo perfum, discharge, eKecute, effeci, complrta, comply wiih and ebidc by thi~ covenani, a any part hareot, said MORiG~GEE mey place ano ~
p~y fa wch Inwroncs w ~ny p~rt thereof witho~r waiving or a44eding aoy opiion, lien, equity, or righf undrr or by virtue of rhis Mor!gage, and the ~
full ~rtwuM o{ each md evary euch p~ymenl shall be ~mmediately due and payable and ehall beac imeresi from tho daie thereoi until paid at rhe rate of ~
nine per amum pe~ annum and rogeiher wi~h such interest shaii be srcured by the lien ol thls +nortgage. i
4. To permit, commit a suffer no wasle, impairment or detzriora~ion of sald properry or any pari thereaf. ~
5. To pay ~II ~nd sinpul~r tM cosh, cherge~ end eapenses, induding a reasonable atwrney's ke and costs of ahstretls af titie, inarred or pa:d ai ~
any fime by taid MORTGAGfE, because or in ihe evem of ihe lailure on the pnrt of ;he seid MORTGAGOR !t~ duly, promptly and fu~~y perfarm, discharge
exavte, affect, complde, comply with end ab~de by eath and every the slipulat~ons, agreemenfs, conditions, and ~ovenants ot ~ald promissory note and ~hh
mottgaqe eny or either, and sa~d wsts, charges ard expenses, each and every, shali be immediefely due and payable; wherh¢r or noi rhere be not~ce d= ~
mand, ~ttempt fo collecl or wit pending; end the full amount ci each and every such paymtm shall bear imerest from ihe date thereof until paid al the i
iate of nine per centum per annum; and ali said <osts, cha~ges and ex;;enses i~xvrred or paid, ~uge~her w~ih such interest, shall be saured by the lien of ~h~~ ~
mortpp~. ~
6. Thal (a) in the avent of any breach o{ this Mortgage or de(ault on the pari of the MOR7GAGCR, or (b) in the event any of ea~d wms of money ~j
herein referred to be not promp~iy and fuily paid within th~ny (30) days nexi a~rer ihe same severai;y become due and payable, wi~hout demand or notice, '
or (tJ in the event each and every fha stipulations, agreemcnrs, conditi~ns and tovenants o! ea d p:em~ssory uae and rh~s murtgage any or ei~her are not ~
~uly, prompt~y and fully performed, d~stharged, exewled, effecred, compieted, compl~ed wi~h and a6!ded hy, then in e~tl,er or any s~ch event fhe aaid ag j
pregate wm menrioned in said promissory note Ihen remaining unpeid, with intere>i accrutd, and a;1 moneys sewred hereby, shall become due and pay~ !
eble forthwith, or theraa{ter, at the option of said MORTGAGEE, aa fully and compleiely as il ait of the said sums of money were originally sl':pvlated
lo be pnid on such day, anything in sa d promissory no!e or in this Mortgage to ihe :ontrary norNi~htia:~d~eq; and thereupon or therea~ter at rhe option o1 I
said MORTGA6EE, wilhout rtotice o~ demand, suit at law or in equily, therefore or Ihereafier bayun, may bz proszwted as if all moneys seared hereby ~
had malured pnor ro its imtitvtion.
7. That in ihe event that at the 6eginninq of or at any tima pending any suit u~cn this iAorigage, or to foredese it, or to reiorm it, or lo cnforce ~
payment ot any c!ai~ns hereonder, aaid MORTGAGEE shall apply to the Covrt hr~i~~g ~unsd;ulon ihereo't fnr the a, po!m~nent oE a Receiver, such Co~rt ihal!
forthwi~h appoint a receiver ol said mortgaged property all and singular, indud,ng ali and si~~,ular ~hz ircome, profns, issues and reven~es fwm whatever ;
tource derived, each and every of wh~ch, it being expressly understood, is hereby mong3g.~d as ii spec~fir.aity sei forrh and dexribed in the granting and °
habendum dauses hereot, and such Receiver shal; have ail Ihe broad and ef(ecr~ve fu~ui,ons r.nd powers in anywise entru5ted by a Co~rt to a Receiver, and ~
~uch appointmem shall be made 6y such Gourt as an admitted equity and a maver of atsulure rlghi to sald MJRTGAGEE, and wiihout refer;nce ro the 1
edequaty or inadequacy of the value of the pioperty mortgaged or to tne so,ven,ry or ~nsc vency ol sald h1GRtGAGOR or the defendams, and that such i
rems, profib, intomn, iasues ~nd revenues shall be app!ied by such Reteiver accordmg to the lien or equi?y o1 sa~d tAORTGAGEE and the praUice of Such
CouA. ~
B. To duly, promp~iy and Euily perform, discharge, execufe, effed, cumplete, corr,p!y ~H:th a~~d ab~de by each and every the stipuiations, agreements, '
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conditions and covenams in sa~d prom~ssory note and thia mortgage set forth. I,
9. That in the event the ownership of the mor!gao^d pr~niises, or any part thereef, b^cones ves!ed in a person ott~er than Ihe MORTGAGOR, the j
MORTGAGEE, its suctessors and aasigns, may, wi~hou~ r.or.ce to ihe ;1~OR?GAOR, dea; ,Y,ih ;uch succe5sor or v.rcn~ssor ~n ir,teresi •xith reference ro thie (
mortgage and the debi hereby sewred in the same ma~ncr ai w~th ~dortgagor w;thoat in any vray viY,aring or d.scharging the hlortgagois' liaoiliry here. i
under or upon the debt hereby secured. No salc of the premfscs hereoy mortgaged and no lorbearaoca on the part of !he IdORTGAGEE or iu successors 1
or assigna and na extension of the time for inw paymenr o' tf.n drbi hereby secured give^. by IhH 1AOR?GAG:E or its suuessors or estlgns, ai~all cperate
lo rolease, d~scharge, modify change or affe<I t!,e orig~r.al IiabJ ~y of tt,e MQkTGAGOR here~n, either in who!e or in pa~i.
10. N ia spzuFicaliy agreed that time is al the essen:e of ih~s conirac} and that no waiver of any obi:gaiion hereunder or of the obligatio~ sr j
n,red hereby shall at any time ihereatter be hc!d to be a waiver uf rh= re!m, hercof or of the initroment ;ecvred he~by.
11. In addiUo,~ to the forego'nn a'on!hly payn•,ants of pilrCpai ;nd ini.resr iequ~~ed by the prom~~rcry~ no~e srcured herebq, mortgagor eovenants ~
and agrees ro pay to mortgagee with each mcnih'y payr,ent an add•iional svn eu ~ a~ed b~ mortgagee to be r:qua! to l, 12 of Cne onnual cusi of the follow- i
ing;
A-All real property taxes levied or assesseo aa~~~~st tho al;ove desaibcd ~cal es~aie. ?
B-Picrniums on fire and windsro~~rn insu~anct~ as nereln r_c~:red to ne carricr~ en ti,c lnrrovsmerrs s:*o:~r^ on the above dascrihed premises. ~
C-Premiums on such mortgage guaranty irsorarce as mor~gaqea shall {roc Yne to lir.~.e dcem fit to cany en the loan secured hereby. ~
~ Mortgagee shali (rom t~mc to tlme ne~~{; mertyagcr ~n v~r!~~ng of fh~ ar,~.ou•,t d~~c ar:d poyaf~!e here~~d?~ and s~ch su~~ shaii th~reupon be dce and ~
~ payatle on tne dve da~e of ihe next n;onthly Gay~~'a'~t and e
~h s~cc^ssire rro•~th the:eaffer ucti'~ ,~crrgege~• sha!I norfy mo•~gago~ of a change in such
amoun!. $uch sums sha'I be applied by mortga;,:e towrd fi~e payment oi ree~ prcparry taxes, insuranca crem u~ns, a,id mortgage guaranry insurance
premiums. ~
IN WITNESS WHEREOF, the sa~d MORTGkGOR has hereu~!o set his hand ar,d sc~l ina day ard year fiist aforesaid. ~
' n , Sealed d del' red i the pre~ence o{: ~ ~
~ - (Seal)
- --(Seal)
(Seal)
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5TA7f OP iIORIDA
55.
COUNTY OF ~~~nt ~ ~ ~i
I
Before me personally appeared FPflTIk WA~}f8~__._ and
~fSP j,~_ WA71{_P.2~~_ his wiEa, to me w=li known and k.r,own io me to be
Ihe indrvidual~ described in and who execuled the foregoing instrument, and a:knowledged before me that they execcted the saTe for the pvrpases
lherein expresaed. And the said-_______ _~OP~9 WA~}{PI'~__ ~i
W~r~ or rh, ,a~d _ F.,sank Walker _ , upon a sepa~rfa and private I
ezamination by me taken aeparate and apari from her said husb~ d, acknowledg>d ro an~ before me that she executed said instrument freely and volun•
larily and w•~!hout any compulsion, conatraint, apprehens on, qr~ar of er from her said hus6and.
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~ WIl'NESS my hand ard offic;al seal this___~~~__~_ day of__ ~1.1~~' A. D. 19__2 '
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~ , iJolary Pobiic in and for fhe Sta!e of ~brida at large
My Comm~:s~on eapirea~otary Public, Siate of Fior,da at Larg~ ~
Renm To: ~ My Comnrssion rxp~res tiov. 3, 1;'c5
, First Federal 5avings 8 Laan Assot~ation ~~~~Rp~p Bond~d by Amercan Surety,Co. of Y, ,
or Fo,~ ~;E,~e FILED AN~gooK
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