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HomeMy WebLinkAbout1426 1F . ~ e ~t ( 3. To placr and rantinuousty Aeep on the bu~!u~,.,1 nov.• or hereift~r sitwte on sud '~r.a •nd on ~II equ~p~+~nt and p~rsonally cover~d by th7w mort9- iQ~, with ~U prsmiums thereon pa~d in full, fire inw~ance in ihe uswl standard ool:cy form, in ~ su~r. approvsd by the MORTGAGEE, •^d windatorrn inwnnce in tM uswl eunderd policy form, in e sum epproved by rhe MORTGAGEE, in such company or to+~p+nies q Ihe IV~ORTGAGEE may dir~ct; a~d all !iro end winds~orm inaursnte poncies on any of ~aid build~nqs, ~ny inta~est rhero~n or p~rt thereo!, i~ the aflgre9ete sum aforeiaid or f in ~xces~ ther~of, ~hell contain the uiual standerd mor~gagee clause or svch other clause •s tht Mo~tgagee may rsq~~rt, makin9 the loas under faid po~t cip, ~sch ~nd ever a able to s~~d MORTGAGEE as its interest may appear, and rach and every such policy sha~l be promptly au gned end de~ivered to i~-j; Y, p Y aiy hsld by aid MORTGAGEE aa further security to aaid mortga4a debt, and, ra~ I,a~ than ten (!0) deys in advance of the eap~~ation of each palicy, to d~- ~4'' (iv~r to said MORTGAGEE a rsnewa! thereof, lO9ETIl~i with a rece~pt for the premium of tuch renewa~; and thera shall be no firo or windsrorm insuranca ~ pl~t~d on sny of s~id buildings, any iroerest there~n o~ pert thercof, untesa in the form end with the losa payable as aforesaid; and in the even? any sum of mor~ey becomes payable under such policy er policiee aaid MORiGAGeE shall have the opt~on ro~_ceive and apply the same on account of the indebted- ! ruu ~~cw~d hereby or to permit said MORTGAGORS to reteive snd us~ it or any parl thereof ior othcr purposes, w~~hout therebl waiving ~r impair- ~ ~ 1ny any p~ity, lim or right under or by virtue of this mor!geye; and in the •vent said MORTGAGORS shalt for any reasor~ fail to kcep the said premises so ~ insured, o? fsi) fo deliver promptly any of said policies of insurent~ to said MORIGAGEE, or fail promptly fo pay f~i;y any premium therefor or in any ~e~pett feil to p~rfam, discharge, execute, effett, camplete, comply wirh and abide by th~Y cave~anl, or sny part hereof, said MORTGAGEE may place and ~ pay for suth i~aurance o~ •ny part therenf witt ^~~t waiving w affectiny any option, lian, equity, or right under ur by virtue oF this Mortgage, and the ~ fuil ~mount oi eath and ev~ry such payment shall be immediately dua and payabte an~ shall besr intereet from tM date thereof ~~til paid et thc rate of nine pa: cent~m per annum ard togalher wi~h auch interest shali be secured by ihe lie~ of this mortgage. ( 4. To permit, commit a suffer no wa:te, impai-r~•nt or deter~oration of seid property or any pari fhereof. ~ i S. To pay all and singular the costs, tharges end expe~~sea, including a reasonable attorney's fee and costs of abstracts of titte, incurred or paid at I •ny time by said MORTGAGEE, because or in the event of the fallure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scherge, i execute, effect, complete, tomply with and ab~de by each snd every the ~tipulahons, agreamenrs, conditions, and covenonts of said promissory note and thi~ ~ ~ mwtgaye any or eirher, and sa~d coirs, charges and expenses, each and every, shall be immed~a~ely due and payable; wherher or not there be nor]ce do- mand, attempt ta colluct or suit pend~ng; and the full amount of each a~d every such aayment shall bear interes~ from the date thereof until paid at the , rate oi nine per tentum per ann~m; and a~l said costs, charges and expenses incurred or paid, toyether w~th such imereit, sha~l be aetured by the lien of thi• ~ morty~g~. ? I 6. That (a) in the evcnt of any breach of this Mortgaye or default on the part of the MORTGAGOR, or (b) in the event any of x~d syms of money ' ~ ~ hersin re~erred to be not promptly and fully paid within i~ :~*y (30) days naxt aiter the same severa!ly betor;~e due and payable, without demand or notice, ~ or (c) In the event eath and every the stipu!at~ons, agreeme~~ts, cond~tions and covenants of sa;d pramissory note and th~s mortgege any or rither are not ; fuly, promptly end fully performed, d:scharged, exec~t=~l. effected, cornpleted, compiied with and abided Sy, then in e~ther ar any such evem the said eg~ pregate sum mentioned in aaid promissory no~e then remaininy ~npaid, wirh interest accrued, and all moneys secured hereby, •hall become d~e and pay i j abl~ forthwith, or thereafter, at the option of sald h10RTGAGEE, as fuily and comp!e~zly as if a!I of the said tums of money were originally sNpulated t ~ fa be paid on such day, anything in sa;d prorn~ssory note or in this Mortgage to the conrrary notw~thstanding; and thereupon or thereafter at the op~~on of • ssid MORTGAGEE, without nor~ce or demand, wit at law or in equity, therefore or thereafter begun, may be procewted as if al~ moncy secured hereby { ~ had matured prior to its institution. ' ~ i 7. that in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to forcdose it, or to refarm it, or to enforce ( peyment of any daims hereunrier, said MORTGAGEE shall apply to the Cour~ having jurisd~ctlon therenf for the appointment of a Receiver, •uch Covrt shall ; ~ forthwith sppoint n receiver of saifl mortgaged property all and singvler, indud:ng all and singular the income, profits, iasues and revenues from whatever ` wurce derived, each and every of wh~ch, it being express!y unders~ood, is hereby mortga3ed as if specificalty set forth and dascribed in the g~anring and habendum cleuaes hereof, and such Rece~ver shall have all the broad and effecrive funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, end i •uch appointment shall be made by such Court as an ad~nitted equity and a matter of absolute r~ght to said MQRTGAGEE, s~d wirhout reference to the sdequacy or inadeGuacy of the val~e of the property mertgaged or to the so~vency or inscivency of aaid MORiGAGOR o~ the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the prachte of such ~ Court. ~ 8. 7o duly, promptly and fully perform, discharge, execute, effec~: complete, comp!y wi~h and abide by each and every the rtipulations, agreements, conditiona and covenants in aa~d promissory note and ih~s mortgage set torth. j 9. That in the event the ownership of the rnortgaged prem~ses, or any part thereof, becomea vested in a persan other ihan the MORTGAGOR, ihe ~ ~ ~ y, without notice to fhe h50RTGAOR, deal with such suctessor or wccessor in i~terest with reference to this MORTGAGEE, its successors and ass~ ns, ma ~ 1 mottgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagora' liability here- ~ under or upon the debt hereby secured. No sale of the Frem~ses hereby mortgaged and no forbearence on the part of the MORTGAGEE or its successors I or etsigns and no extension of the t+me for the payment of the deb~ hereby sewred give~ by the MORTGAGEE or its a~ccessors or assigns, ?~~all operate ro release, d~scharge, modify change or affect the original liab~lity of the MCRTGAGdR herein, either in whole or irt parl. i 10. It ia spec;fically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- ~ cured hereby shell at any time thereafter be he!d to be a v~aiver of the terms herevf or of the instrument secured herby. ~ 11. Ir. add:r~on to the fore o'n. mcnthh a m~nts of int' a! and interest re uired b• the rom~ssor no!e secured hereb , mort aaor covenants _ 4 J ~ P Y P~ P 4 ~ P Y Y 9 a and agrees to pay to mo:tgagee wi!h each mentn;y payinent an add~iior.al sum est~mated by mortgagee to be equal to 1 j 12 of tne annual cost of the fol(ow- ing: ' ` i 3 A-Ail real prope.ty taxzs lev~_d or asses:_d ag~i~~s! ±he above describcd real estate. , I ` s` B--Premlums o~ fire and wirdstonn insurance as here~n requ~red to be ca~ried on ?he improvemPnte sit~ate on th~ ebove described premises. ? i C-Premiums o7 such mortgage guaranry ir.surancz as mcrtgagee shall from !!me to time dEem fit to carry on the loan sec~red hereby. # Mortgagee s~a!I from t:me ro t~me no!ify mertgagor ~n vrrit~ng of the amou^t due and payable her?~nder and such s~m shail thereupon be due and payable on the due date of the next n;or.!~~ly p~y:nent and each successive month thereafr_r ur,tii mortgaqee shall notify mcrtgagor of a change in such - amount. Such sums sHail be appGed by mortgagee toward the payment of real pruperty taxes, inaurance p~em;ums, and mortgage guaranty insurance premiums. ' ~ t IN WITNE55 WHEREO'r, the sa?d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. igned, led an efivered in the presen<e of: (Seet) s ~ 8.1'~ j.Se RO 92't$~__8l _{Seaq sf rigle 8du1 t~a,~ Y (Sea1) ~ i 57ATE OF FLORIbA , i SS. ~ couvrr oF S t~ Lue i e i Before me personally appeared ~81'~ Louise Robarts, a single ~dl.ll~i~ ~ ~ ~ i _ MS~v01fie, to me well %nuwn and known to mc to be ~ the individuafr described in and who executed the foregoing instrument, artd ackno~eledged before me that 9he~ executed the same for the purpoaes ~ therein axpresscd. ~An~ 1he sefd ; ~ rrife-oF 1i~~ seid vpeer e~ xpe*ete-enc~-~xirete ~a.~tiMi~w~ ~rwe-t~ica.r-seuersts a.id ~eper~ ~ror,r i+er eeid-i-~rovban~ +aekne~wleciged~f~end befvrrrne-~ha~ahr exernted~-srae} in~lren+errl ~rsdy-aw~ voMrr? »r+iy~awd wiMiw? ~nq ~sn+r~risia~+. -ce~r~treintr aFpreixnranyw -ieer ef ~r frwrrteer~seicFlreabe~rd. ~c77 i7.r( WITNESS my hand and official sea! this day of_ ~,,.fn$~e___ A. G. 19~ 0 , _ ~ Notary F li< in and for the State of F!orida ai Large ~`~~4~.::~~;1,, My Co mission expirei: ,11~rurr~t ~ ; Fint Ftd4t~l~,~fngw.~~(A ~ Assaciat~on ~'ar,~ Puh"C, State of P1ort~fe at Catr ` ~ Of Fo.~ P~e R~~~ ~^mm ss~on EY;)'YC'a Aua. 5, 1967 ! q. ~Gec~,~ e(a(,~K ;:ond~d 8~ Ar,'ier~can Suraty Co, Af L:, Y ' ~ ~J'•f~ ~el~Fj~rida ~ . , ~;r;;~ ' ;n: d. r1"~ :t3 ; ~.;:'°J `G ' _ - P~ ; ya - ? ' ~ ~ ,65 At~~ Z 3 ~ , . ~ T.,~ ' ; ~y e~~'~~., . • . ; Fj~;;, . ~ _ +.,g, --:~s CI,ERK ~ ~ ! . ROG~?°' ~ pUNTY - s~~,:~,.~~ ,s; j ~U~`E ~ ~ . , 5~' ~?~oR~oA i... ' , , ; . .~Q~K ~~~J 2~~ i - ~ ; -~.~d -