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{ 3. To plx~ and continuoualy keep on the bui!dings rtow or hereafter •~tuete on said land and on ~fl equipmehf ~nd ptrsonally cov~red by thi~ murtq• ;
~ p~, with •I) premiums ther~on paid in full, fire ins~~ance in the usual standard pol~cy fa~m, in a sum app~or~d by the MORIGAGEE, ~~d windstorm
e intursnte in the us~al ~landard polity fo:m, in a sum a~proved by the MGRTGAGEE, in tuch company or compenies as ~he MORTGAGEE may ~
dintt~ •nd •II fir~ and windstorm insurance potic~e~ on any of said build~ngs, any interest therein or pert thereof, in the aggregete cum aforesaid o~
In ~xcsu ti~ereof, shall contein the ufual standard mortgagee clavss or such other tlause as the Nbrtgagce m~y require, makin9 1he loss under sa~d poli- ~
cie~, each and evary, payeb~e to aaid MORTGAGEE as its intereat may appear, and each and e~ery such poticy shall be promptty a~s gned end delivered ro
; My Mld by faid MORTGAGEE u fu~ther security to said mor~gage debt, and, not Ieas Ihen ten (10) days in advance of the expiration oi each pol~cy, to d~- .
liver to s~id MCIRTGAGEE a r~nswal thsraof, tayether with s rrce~pt for the p~emium of such renewal; and ~he~e shall 6e no fi're o~ windstorm inaurence ~
? pl~ced on ~ny of said buildings, any intereit therein or part thereof, unless in the form and with the luss payable as aforesaid; and in the event any sum
of money becomes payable under such polity or pol~cies iaid MORTuAGEE shall heve the opt~on ta receive and appfy the sarne on account oi the indebted-
~ r?~f~ tecured hereby or to permit said MOR~GAGORS to receive and use it or any part thereof fo: other purposes, w~ihoc,t th±~eu~ wai~i~~g o~ ~n~p~~r-
~ lnq any ~quity, lien a right under or by v?rtue of this mor'gage; end in the event sa~d MCRTGAGORS ihall for any reaaon fail to keep the sa~d premises so
insured, or fsil to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, or fail promptly to pay fufly any prem~um therefor or in any
r~spect fail to parfwm, di~charge, exrcuts, effect, comp!ete, comply wirh and ab~de by tl~is covenant, or any part hareof, aaid MORTGAGEE may p~ace a~id
pay for ~ucfi irourance or sny psrt th~reof without w~iving or affectiny any option, lien, equity, or ~ight under or by virtue of this Mortgage, and the
full amount of eeth and every such paymant shall 6e immediately dua and payabls and shall bear interest from the date thereof until paid at the rate o!
nine prr centum per enn~m and together with such interest shali be secured by the lien of ihis mortqage.
4. To permit, mmmit or ~uffer no waste, impairment or dettr~oration of aaid property or any part theraof.
5. ?o pay all a~d sinyuler the costs, charges and expenses, induding a reasonable attorney's fee and costa of abstracts of title, incurred or paid at
any time by said MORTGAGEE, because or in tha event of the failure on the part of the said MORTGAGOR fo duly, p~omptly and fvlly perfarm, d~scharge.
~ s:xuts, effect, complete, comply with and ab;de by eech and evary the stipu~ations, agreements, conditions, and covenanrs of aa~d promissory note anc3 this
~ mwtyage any or e~ther, and uid costs, cherges and expenses, each an~ every, shell be immediately due and payable; whether or not the~e be notice dc
m~nd, attempt to collrct or suit pend~ng; and the full amour,t of each and evrry such payment shali bear inreres~ from the date thereof vntil paid a! the
rote of nine per centum per an~ium; and all said costx, charges and expenses irxurred or paid, togerher wrth such interest, ihall ba secured by the lien of thi~
moripaqs. "
6. Th~t (a) in the event of eny breach of this Mortgage or default on 4he part of the MORTGAGOR, or {b) in the evcnt any of aa~d eum~ of money
hereln referrad to be not promptly and f~lly paid within th~rty (30) days next afrei the same severally become due and payable, without demand or nofice,
or (c) in the evenr eath and every the atipulations, agreements, conditions and covenants of sa~d promissory note and th~a mortgege any or either are no1
~uly, promptly end fu~ly performed, discharged, exec~ted, effected, completed, compl~ed with and abided by, then in either or any such e~en1 tlie ~aid ag•
yreyate aum mentioned in said promissory note then remaining unpaid, with interest accrued, and a;t moneys eecured hereby, shall be~ome due and pay
abl~ fortl~with, or thereafter, at the option of said MORTGAGEE, as fu~ly and completely as if al! of tl,e said sums of money were or~ginally st~pulated
ro be pnid on such day, anything in sid promfssory note or in this M~rtgage to the cororary rorwi~hxtanding; and thereupon or thereafter at rhe optio~ af
~aid M~RTCrAGEE, without netice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted ac if all moneys secured hereby
had matured prior to itt inst~tution.
7. 7hat in the event that at the beginning,of or at any time pending any auit uoon this Mortgage, or to foretlose it, or to reform it, or to enforce
payme~f of any claims hereunder, said MORTGAGEE ahali apply to the Coun having jurisd:ction thereof for the eppointment of a Receiver, such Court shall
a forthwith appoint a rcceiver of aaiF! mortgaged property all and singul~r, includ~ng alf and singular the incoma, prof~ts, iuues and revenues from whatever
wurce derived, each and every of whlth, it being expressly undersrood, is F~e:eby mortgaged as ~f sperifically set forth and described in the granting and
habendum clauses hereof, and such Receiver shall have all the broad and effective funcr~ons and pewers in anywise eMrusted by a Court tc a Raceiver, end
~uth appointment shall be made by such tourt as an admitted equity and a matter ef absolute right ta said MORTGAGEE, and without reference to the
adequacy or inadequacy of the val~e of the property mortgaged or to the so,vency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, +ssues ar.d revenues shall be applied by such Receiver accord~ng to the lien or eq~iry of said MORTGAGEE and the practice of such
CouR. -
8. To duly, promptly and fully periorm, discharge, exec~te, effect, complete, comply w-ith and abide by each and every the stipulations, agreementi,
conditions and covenents in sa~d promissory note and thn mortgage set forrh.
9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than ttie MORTGAGOR, the
MC7RTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with surh successor or wccessor in interest with reference to this
mortgege end the debt hereby secured in the same manner as v~-i*.h Mortgago. w~thout in a~y way vit:ating or d~scF.a~ging the Morrgage:i liability here-
under or upon the debt hereby secured. No sale of the Fremises hcreby mortgaged ar.d ~o forbearance on the part of the MORTGAGEE or iti successors
or essigns and no extension of ihe time tor the payment of ehe debt h~reby secured given by Ihe MORIGAGEE or its a~ccessora or ass;gns, a'~all operate
1o release, diacharge, modify change or affect the orig;nal I;ao~lity of the MQRTGAGOR herein, either in whole or in part.
10. It is specifically agreed th~t time is of the esser.ce of th~s contract and that no waiver of any obfigation hereunder or•of the abligation se-
-ured hereby shell at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secu~ed herby. ,
11. In addrt;on to the forego'ng rnonth!y payments of prirc pal and interest ~equ~red by the prom:ssory no!e secured hereby, mortgagor covenants
and agrees !n pay to mo~tgagee wirh each momhly payr:ent an add~rfonal sum estlmared by morrgagee to be 2qual to i;'12 af the anr,ual cost of the fo~iov:- ~
ir.g:
A-All real property taxes levied or assessed against the above described real estate.
B-Prerr~~ms on fire and windsto~m insurarce as he~e~n raq~.~;red to be ca~ried en the imcrovements situate on the above d~scribed premises.
C-Premiums on s~ch rrortgage guaranty ir.s~rarce as rno•:gag~.e shail from Yme ro t~mc deem fit to carry on the foan secured hereby.
Mortga~ee sha!I from rime to time notify mcrtqagor in writ~rg of the amount due and payahle hereundar and soch su~~ shall thereupon be due and
payable on the due ciate of the next month:y payment and each successive mo^.th thrreafrer ~ntii mcrtgagee shal: notify mortgagor of a change in such
emount. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurante prem;ums, and mortgage guaranty insurance
premiums.
IN WITNESS WHEREOF, the said MOR7GAGOR has hereun!o set his hard and scal the day and year first aferesa~d.
5i end 'de 'ered ' the esente af: ~ p~ ~ p~~
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~d, ~ ~t~'1'~~^-'v~" 4 ~ ' (Sea l)
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c..C7~i2/ Yt~. J'iL~ -i ~ !~~-r , (Sesl)
_ (Seal)
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S7A7E OF Ftt~RIDA ~
u.
COUNTY OF ~r 1-nt Ltzr_ e ~
Before me personal!y appeared Ronal~? rarl Frpneh a~d
Z I'!7~~ j1~~~Z'F'?1C~'1 his wife, to me well known and knawn to me to be
Ihe individuals deacribed in and who executed the foregoing instrument, end acknowiedged befor? me ihat they executed the same for the purposes
therein ezpressed. And ihe ~aid T,11'1CjA il~~ FrP21C ~
wife of the said RQri81d G'~i_L'1 ~'7'P.T1C~'1 , upon a separate and privata
examinat~on by rr~e taken separate and apart from her sa:d F~sband, acknowledged to and before me that she executed said instr~ment freely and volun-
?arily and w~ihout any compulsian, constr3int, appreher.raon, or fear of or from har said husband. ~
WI7NE55 my hand and ofticial sea! this_ Q~ day of n C~ Oh C,' , A. b. 19__ uZ Y
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• Notary Public and or the State of Florida at Large
~,,,i, My Commiss n ezpires: ~
~ ~etyr~ o:• • ' ;
F;~, ~.~~~g,~.~~~ ~ ~^~~ED ;:ot3ry o; ~~ri~~ ~ ;
ssotiati :
'~~',•'~Of Fort P;~e', . ~r~.(~j~_AN~ REC~ `.tp t~;,r~r~s,on E~, rss Aug. 6, 1967
jyt#~ RL1ED Bond9d 3y r"u'ner~Gan S~rAtlCGQ+,E,tl~rx. ~
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