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Home My WebLink About1706 3. To ptace and continvausly keep on the bui:dinge now or hereafter aituate on said land and on sll equipmeM and persanslly tover~d by this mortg- ~q~, with •II premium~ thereo~ pa~d in full, tire insurance in ~ha ~s~al standard pol~cy form, in a sum approv~d by the MORIGAGEE, s~d windstorm imurrnce in the w~al uandard po~~cy form, in a wrn approved by the MORTGAGEE, in such company or tomp~nies as tF.e MORTG!?GEE mey dirett; a~d ~II fire and windatom~ imuronce pol+c~as on any of sa~d build~nqs, any interest t!,erein or part thereof, in the agg.egate sum aioresaid or in sxcess thersof, shall contain the us~al standard morfgagae clause or such other clause es the Mortgagee +nay raqu~re, makin~ the loss urrder sa~d pali- cip, each end every, payabte to said MORTGAGEE as ~ts intereat may aprxar, end each a~d every such pelicy ~hall be promptly a~s gned and delivered to sny hsld by said MORTGAGEE a~ further tecurity to sald mortgage debt, and, rtot leas than ten (~0) deys in advan<e of th~ expiration of eech policy, to dr liver to ssid MORTGAGEE a re~ewal thereof, together with a receipt for rhe pre~nium of such re~ewal; and there thall be no f~re or windsror~n insuronce pl~e~d o~ any of said buildings, any intere~t therem or pert rhereof, unless in the form and with the loss payable as aforesaid; and in the e.~ent eny u~m of money becomes payable ~nder auch policy or ~oGciee seid MORTGAGEE shall have rhe option to receive and apply the same on acco~nt of the indebted- neu fecured hereby or to permit ia~d MORTGAGORS ro receive and use it or any part the.eoE for oihr~ purposes, w~iho~t th~~ru~ wai~i:~~ e~ ~n~pa~~- inq a~y ~quity, lien or right under or by virtue of thi~ mo:tgage; and in the event sa~d MORTGAGURS shall for any :eason fail to keep the said premises so imured, ot fail to de~ivet promptly ~ny of said polit~es of insurance to sa~d /u~ORTGAGEE, or fail promptly to pay fully any pre~»ium therefor or in any r~spect feil to perfwm, di~charge, execute, effect, complete, comply with and ab~de by this covenanf, or any pert hareof, said MORiGAGEE may place and p~y for such iniurante or •ny part thereof without weiving or affectin9 any option, lien, equity, or right under or by virtue of th~s Mortgage, and the full amoun? of tach a~d ev~ry wch payment shall be immediately due and payable and shafl bcar interes~ from ths date thercof until paid at the rate oi nine por cemum par annum and together with wch imerest shali be secured by the tien of this mortgage. 4. To permit, commit or suffer no waste, impairmrnt or detcrioretion of said property or any part ihereof. 5. To pey elt and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or pa~d at eny time by said MORiGAGEE, be[ause or in rhe evem of the failure on the pan of the said MORTGAGOR to duly, promptly end fvlly perform, d~scharge. •xecute, effect, complete, comply with and ab.de by each and every Ihe atipulauons, sgreements, cond~tions, and covenants af sa~d promissory note and th~s mortyage any or either, and sa~d cosrs, charges and expenses, esch and every, shall be immediaiely due and payeble; whether or not there be notice de mind, attempt to collect or suit pend~ng; and the fuil amount of each and e~+ery suth payment shali bear interest from the date thereof until paid at the rete of n~ne per cent~rn per annum; a~d all sa~d costs, charges and expenses incurred ar Faid, together wrth such interest, shall be setured by the lien of ihii mortyaqa. d. That (e) in the event of any breach of this Mortgage or dcfault on the part of the MORTGAGOR, o~ (b} in the event any of aaid sum~ of money heroin referred to be rot promptly and f~'ly paid w~~hin rh~rry t30) days next afrer the same severa!ly become d~e and payable, without demend o~ notice, - or (c) in the event eath and every the stipu;ations, agreements, cond~tions and co~enants of ~a;d promissory note and th~s mortgage any or either are not july, promptly and futly performed, d:scha~ged, rxec~ted, eiiected, completed, compl~ed with and abided tiy, then in either or any such event the said ag~ gregate sum mentioned in said promissory note then re~„aining unpaid, with interest accrued, and ail moneys secured hereby, ahall beccme due and pay eble fo~thwith, or thereafter, at the opnon of said MORiGAGEE, as fully and completely as if ail of the sald sumt of money were orlginally st~pulated fo be pnld on wch day, anything in said piom~ssory note or in ttiis hlortgage to the coMrary ~otwithstanding; and thereupon or ihereaftet et the option of said MORTGAGEE, w~tho~t notice or demand, suit at law or in equity, therefore or thereafter begun, may be proiecuted as if all moneys secured hereby hed ~utured pnor to its institution. 7. Tha` in ihe event rhat at the beginning of or aT any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of eny c!aims hereunder, said 1~10RTGAGEE sha11 apply to rhe Court having jur~sd:ciion thcreof for the appo~ntmenf of a Receiver, such Court shall forthwith appoint a recei.e! of sai~ mortgaged preperty all and s+ngular, includ ng ali and sing~lar the income, p~oflts, issue3 and revenues from whatever wurce derived, each and every of wh~ch, it being express!y understood, is hereby morrgaged ai if spec~fically set forth and described in ihe granting and habend~m clauses hereof, ard such Receiver shall have ail the broad and effec!ive funct~ons ar.d powers in any~.~~se emr~sted by a Cou~t to a Receiver, and such appointment shall be made by such Court as an admitred eq~ity and a matter of absoluta r~qM ro said MORTGAGEE, and without reference to the edequacy or inae+equacy of ihe val~e of rhe p~operty mongaged or to the so~vrncy or ~nsolvency of said MORTGAGOR or the defendants, and that suth renta, profits, income, issues and revenues shall be appiied by such Raceiver according to the tien or equiry of sa~d MORTGAGEE and the prectice of such Court. 8 To duly, promptly and f~l!y per(orm, dfscha~ge, execute, efftct, complete, comply wiih and abide by each end every the stipulations, agreemeM~, conditio;~s and covenants in se~d promissory note and th;s morrgage set forth. 4. That in the event the ownership of the mortgaged premises, cr any part thereof, becomes vested in a per:on other than the MORTGAGOR, the MORTGAGEE, its successors and as3~gns, may, wi?hout notice ro the MORTGQOR, deal with s~ch successor or wetessor in interest with reference to thie mortgage and the debt hereby sewred in the same manner as w~th Mortgagor without in any way vit;ating or discharq~ng the Mortgagors' liability here- under or upon the debt hereby sec~red. No sale of the Frert,ises hereby morigaged and no forbearance on the part of the MORTGAGEE or its svttessors or assigns and no extension of the time for the payment of the debt hereby ser.ured given by the MORTGAGEE cr its tuccessors or ass~gna, aiiall operate to release, di~tharge, modi4y chenge or affect the oriy~nal liao!~ity of the N~ORTGAGOR herein, either in whole or in part. 10. It is speclfically agreerl that time is of the essence cf th~s contraci and that no waiver of any obligation hereunder or of the obligation se- eursd heroby shali at any lime t'r.ereaher be he!d to be a waiver of the terms herzof or of rhe instrument secured herby. 11. In add:tion to rhe forego ng rronth'y paym~n.s of princ pa) and ~rnerest required by the prom':sory n~re secured he,-eby, mortgagor eovenants a~d agrees to pay ro rr,artgagee n~th each rr-on!h:y pa~r~.ent an add:rional sum esr:m.ared b~ mortgagee to be equal to 1;'12 af she annuai cost of the follow- ing: A-All real prooerty taxes levi=d or as5essed agai :st t;ic ahove descri~ed real esrate. B-Pr~mi~ms on fire and wir.dstom~ ins~racce as iicre~n requ:red to be carried on the im;:rovemeors situate on the above dexribed prernises. C-Premiums on SUC}1 mortq;ge guaranty ir.wra~ ce as mo~rgagee shall frcrr r:me to t:me deem fir to carry on the !oan secuced hereby. Mortgagee shail from t~me to time notify m~rtyagor ~n writ;ng of the amo~nt du~ and payable hereunder and such s~m shall thereupon be due and payabie on the due ciat~ of th= next mCnthi/ paym_~r,t ar.d e~ch s~ccess~ve month thereafter until mertgagee sha~: notify mortgagor of a change in such amount. Sucn sums shaif be dppiied by mortgagea toward the payment of rea! prcperty taxes, ins~rance prem;ums, and moitgage guaranty insurence premiums. IN WITNESS WNEREC~F, the said MORTvAGOR has h~re~~nro set his har,d and sea! the day and year first oresaid. ~ Si ned, ated an elivered in the resence of: ~ _ 9 ~i ~e-+ra.~t-.t.s~ ~ ISeel) ~ (5eel) - (Seel) (Seelj STATE OF fLORIDA u. couNrir oF ~t . r~ ~ ~ Before me personally appeared _ H~ZlY'~~i ~ A j.Il _ and _ r.hll ~ A(~ M_ Kl.p i n his wife, to me well known and known to me to be the ind~viduais described in and who executed the foregoing instrumtnt, ane~ acknowledged before me that they executed the s~me for the purposes therein expressed. And the said~__~~- I+Oll~ SE M. K1 e in wife of the said _ ~enr~ K~-@ 1-k1 , ~pon a separate a~d private examination by me taken separate and aport from her said husband, acicnowledged to and before me that she executed said instrument freely and volun• ~arily and witho~t any compulsion, consrraint, apprehens~o~vr fear of or from her said husband. WITNESS my hand and offic~al seal this_ ~~a day of A. D. 19~~_. ~ No!ary P ~c in and for the Sta1e of F~orida at Large My Go ission expirea: Return To: Q first Fedenl Sa~ings a.Lf~str'=Associatwn AS~ RECOR~~ f;Otc~r~l FU`?!C. ~t't° O1 W.0'~d?t at l:i+rge ' f FII.E~ ~D n rr~y Ccmm ss on Exa .e~ .:u3- 19~7 ,~v'•~~4'For~ ~P!e.cg. ~ ~~j; } .~~t~ i3ondod By Amer:car~ Sur~tr ~.:o.of i1._Y. ' "~pir`P~rqr,~loridd.,' ~ r? , . J ~a .~o~.~~~~ . ~ , P~" 3 ~ _ . rj ~ 4'~G : ~ '65 3~ ~ ~ . , i~ ~c`~` x , _ _ , ~ t;; . , , , y~ Y ~K " ~ ~ ' . - ~ • ` L;~C~1:- C~U~ ~ . • . . ~Lpt?I~J~ ~ . _ , ~ ~.f ~ 5 504 '~l?~ a o G s, G- ~ ~ ~