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Home My WebLink About1023 ~ To pt~c~ and continuou~ly keep o~ ~he bu~idinga now ar hareaN+r ?ituate on said land end on •II equipmeM ~nd p~nanilly tbvar~d by thi~ mortq- - p~, wiffi ~II p?emiums tMr~ p~id in futl, fire insunnce in the uwal ~tandard policy fwm, in a sum spprov~d by the MORrGAGEE, ~nd wi~dstorm hw~se~n in PM u~ua! ~tandard pol~ty form, in s sum npprov~d by the MORTGAGEE, in fuch company or tompanie~ ~i tl~s MORTGAGEE may ' dlrKh ~nd all fir~ ~nd windato~m insurante policias on any of ~aid building~, •ny inrerest titierein or p~rt thereof, in the aqqreyate ium ~for:~~id or ln ~xtw~ tAn~of, ~haq contain ihs uswl standard mortgagee clause or such other clause ss th~ Mortgages may reqvln, making the loss under sa~d polF tiN, ~ach ~nd ~very, payablt to said MORTGAGEE as ~ts interest may appea?, and each and eve~y auch po~~cy shall be promptly ass.gned and dflivered to . any Mld by wid MORiGAvEE u iurther fecuriry ro said mort~age deb?, and, not t~ts than ten (10) daya in advance of the expirotion of eech policy, to d~- IivK ro iaid MORTGAGEE s r~nnwal tMrwf, toq~tFw~ with • rece~pt for the premium of such renewal; and there shall be no f~re or w~nds~orm insurance platid on ~ny of Nld buildirpi, ?ny intarest tMreen ot part rhereof, unlesi in the farm end wirh rhe loss payable as afo~esaid; and in the evant any tum of n+o~wy becomn payablt uneler such policy a policiss said MORTGAGEE shell have the option tG receive end appiy the sama on accounl of the indebted- n~as s~eur~d h~reby w ro parmit aaid MORTGAGORS to receive end use ii a? any part thereuf for other purposes, .vuho~t thereb~ waivi~ig or ~rnpair- irg s*+y pvity, lis~t o~ riqht unda~ tx by vFrtue of this mortgafle; snd in the svcnt uid MORTGAGORS shell for a~y reason fail to kec~ the said premise: so Inwrsa, w f~il b dtliv~r promptly ~ny of uid pofcie~ of insurante to said MORTGAGEE, or fai! promptly to pay fulty any premfum therefar w in an~ re~p~ct f+if b pKfam, d~stharye, execute, effect, compiete, compty with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay fa suth inwrae~ or ~ny part Lfi~rtof w~thout w~iviny a ~ffecting any option, li~n, equity, or right under or by vi+tue of thii Mortyage, and the ful! amou~t of ~ach and ~wry such payme~t ahall be immediately d~e and payabla and shall bear interest frwn the d~te thereof until poid at the rate o! nine p~r tentvm p~r anrwm and togethe~r wirh such interest shall be secured by the lisn of thls mortgage. 4. To p~rmit, oommif a iuffer no weste, impairment or deterioratinn of said property or any part thereof. 5. To pay all and sinqular the costa, cherges and expenus, intluding a reasonable sttorney's fee and costs of ebstract~ of title, i~curred or paid at ~ny time by ~aid MORTGAGEE, bercause or i~ the event of the failure on the part oF the aaid MORTGAGdR to duly, promptly and fully perform, ducharge, •r.ecut~, ~ffed, tomplets, comply with end •b~de by each and every the stipu~ationa, agreements, tonditiona, and covenents of ~aid promissnry note and thii mutqsys ~ny or eithsr, ~~d iaid cost~, chsrgei and eapensea, each and every, thall be immediately d~e end payable; whether or not there be notice da enand, attempt to mtl~,tt or fuit pending; and the f~N amount of each and every such payment shall bear intnrest from the date thereof until paid at the rate of nirw prr centum per snnum; and all said tosts, charges and expenses incurred or paid, together w~th such interest, ahall be secured by tihe lien of thi• moripa~e• b. 7hat (a) in tlx event of ony breach o( this Mortgage or default on the part of rhe MOR7GAGOR, or {b) in the event any of ~aid •ums of money her~in referred to be not promptly and fully paid within th;rty (30) days nexf after Ihe same severa:{y become due and payable, without demand o~ notice, or (t) in the event each and every the stipulations, agreements, conditions and covenants of sa:d promissury note and th~a mortgage any or either are not ~vly, promptly and fully pertormed, d~scharged, executed, eifected, completed, tomplied with and abided Sy, then in either or any ~uch event the said sg• pr~yate sum mentioned in aaid promissory note then remair.ing unpaid, with interest actrued, and all moneys secured hereby, shall become due and pay- ~bl~ forthw~th, or thereafter, at the oprion of said MOR7GAGEE, as fully and completely as if a!1 of the said surru of money were originally ttipulated to be paid on ~uch day, anythiny in said promissory note or in this Mortgaga to the contrary notwithsta~ding; and thereupan o~ thereafter at the option of . teid MbRTGAGEE, without notice or demand, suit at Iaw or in equity, therefore or thereaftrr begun, may be procecuttd as if all money~ secur~d hereby h~d maturtd priw to its institution. 7. That in the ever.t that at the kxginning of or at any time pending any auit upan this Mortgage, or to forectose it, or to reform it, or to enforce payment of any claim• haeunder, asid MORTGAGEE sfiall apply to thp tourt having jurisd~ction theraof for the appointment of a Receiver, su<h Court ~hal! Fwthwith appoint s,eceiver of aai~ mortgaged property all and singuler, includ~ng all and singular the income, profits, issues and revenues from whatever tourte derived, each end every o whfch, it beinfl expressly understood, is hereby mortgaged as if specificaHy aet forrh and det.ribed in the grenting and habendum ctaufes hereof, and such Receivo-r shetl have ell rhe broad and effective furtct~ons and powers in anywise enfrusted by a Court tp a Receiver, and tuch eppaintment shall be made by such Court ea an admirTed equity and a matter of absolute right to xaid MORIGAGEE, end witho~t reference to the sdsquacy or inadeq~aty ef the value of the property mo~tgaged or to the sotvency or insolvency of aaid MORiGAGOR or the defendants, and that such re~», profiri, income, issuef snd revenues shall be applied by such Reteiver according to the lien o~ equity of said MORTGAGEE and the practica of such Couet. 8. To duly, premptly and fully perform, dische~ge, exewte, effea, complete, comply with and abide by each and every the stipu~ations, agroements, conditions snd covenants in said promissory note and rh~s mortgage set forth. 9. That in the event the ownenhip of the mortgaged premises, or any part thereof, becomes vested in a perwn other t'han the M~RTGAGOR, thc MORTGAGEE, ita suctessors and ess~gns, may, without norice to the MORTGAC7R, deal with such successor or wccessor in intereit with reference to thi~ mortqsge and the debl hereby aecu~td in rhe ~ame manner as with Martgagor witha~t in any way vitiating or discharging the N~ortgagors' ~iability here- under w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successore or etsigns and no extension of the time for the payment of the debt hereby secuied given by the MORTGAGEE or its auccessors or as~igna, ahall operate to release, discharge, modify change or affect tfie original liability of the MORTGAGOR herein, either in whole or in part. 10. It is spetifically agreed thet time is of the essence of thia controct and that no waiver of any obligatian hereunder or of the obligation se- cvred hereby shall at any time thereafler be held to be a waiver of :he terrtu hereof or pf the instrument secured herby. 11. In add~tia~ to the fo~ego'ng monthly payments of p~inc'pat and interest requ~~ed by the prom;ssury na!e secvred hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~iional xum est~mated by mortgagee to be equal to 1 j l2 of the annua) cost of the follow- inq: A-AEI real property taxes levied or a~seszed agai~st ;f,e above d>scrfhed real estate. 8-?remiums on fire and windsto~m insurar.ce as herein requ;red to be carri=d on the improvements situate on the above d~scribed premises. C-Premiums on such mortgage guaran!y inwracce as mortgagee shall from t:me ro time deem fit to carry on the loan secured hereby. Mortgagee shali from time to time notify mortgagor in writing of the amount due ard payabte hereunder and suth sum shall thereupon be due and payabte on ihe due date of the next monrhly payment artd each svccessive momh thereaf±er urn;l mortgagee shall natify mortgagor of a change in such amount. 5uch sums shall be applied by mortgagee ?oward the payment of real property taxes, insurence prem:ums, and mortgage guaranty insuranee premiums. !N Wl7NE55 WHEREOf, the ~a;d MOR7GAG7R has herEV~~to set his hand and seal the day ear f~ aforesaid. Siqned,,Sealed a defivered in the presence of; ~ •Z1r ~P~T '.i-~--~~ „ -'f' (Seal) - (Seal3 J.1~ ..wC~~ (Seal) (Seal) TATE C~F FIORIDA ~ . couNn oF S~.int Luoie ~ Befwe me psnor,ally appeare~ ~a'~ W. Broxn end Louise ~Y'OiiTl his wife, to me wall known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me tfiat they executed the same for rhe purposea therein expressed. And the ~eid_ LOt~~9@ Rrown wife of the said riEiC~ w. BT'OWl'1 _ upcn a separete and private examinstion by me taken teparate and apart from her said husbar.d, atknow;edged to and beforc me that she executed said instrument freely and volun- tarily and without any compvlsion, constraint, apprehens~n, or fear af or from her said husband. ~ WITlVESS my hand and official seel this T~ = day of Ob i' _ A. D. 19~ > ~ Ep Notary Pu t in and for the State of Flo; ida et Lerge ~ ~ ~ ~ ~A t(, My Commiasion ezpires: : tVl~4bF~r r[p~ N ~ b First f~t~lSYvi:~l~eU,~ Auoeiat~ .~~f~ , Notary Pub?ic, st~u o~ no~d~ .t ~.r~• .•'~~•E~~ ' My Comm°ssion Expirec Aug. 6, 196 1~~.,- •.~ort,lti~~ Fto~t~~ Bond~d By American S~r~ty Cq, ot Y, , ~R~" ~ Cj ~ ~ ~~M; ~ A ~ - - . G` : 4 ~ R , ` ~y: :.K: :~V B ~-1 : t,5, K f . F' ` _ r;.,t~',K ~N~•'~, , i`ir'_..., , ~ArR~t~`~~l~ ~A ,U''.r-0~+_~;_ . ~ : ~ ~,~R _ . . - ~ : - .~w~, 'w`: : _ j~,; ~ 0 R p ~ bDOK ~~0 : . ~ , ~ . _ . ~ ~~a