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Home My WebLink About1241 3. 7o place anrl conrinuously keep on ~he buildings now or hereafter •it~ate on ss~d land end on ali eqvipment •nd psnonally cover~d by thit mor!p- ~y~, with all premivm~ ihereon pa~d in fuli, fire ina~rance ~n the usual uandard po~icy form, in a wm approv~d by the MORTGAGEE, ~~d winditorm inwnnce fn the usual ~tandard poGcy form, in a sum approved by the MORTGAGEE, in wch compeny or companies as tha MORTGAGEE may dir~ct; •nd •II fire and wind~torm insurance policies on eny of ss%d buildinps, eny ir.terast therein or paH thereof, in the sqgreyate sum afw~qid or In ~xce~s thereof, •hall rontain r~e usual standard mortgagre clause or such other cleuse as rhe Mortgsgee m~y reqvire, maki~q the io~s under uid po~~ ti~s, ~ath and every, peyable to s~id MORfGAGEE as ite interrst may eppear, and eech and every such poticy shall be promptty ass:gned and de~ivered to ~ny Mld by iaid MORTGAGEE ~s further security to said mortyage debt, and, not less than ten (10) days in advance of the expiration of eath policy, to d~- ~ivsr to uid MORTGAGEE e renewal thereof, tagether with a receipt for the prernium of such renewal; and there thall be r+o fire or windstorm iniurance plsted p~ sny of said b~~ildings, a~y intcresf therein or part lhereof, unless in the form end with the loss payable as eforesaid; and in the event any tum of money becoma peyable under ~uth policy o~ po~icies ~eid MORTGAGEE shall have the option to receive and apply the tame on accoUnt of the i~debted- neu securad hereby or to permit said MORTGAGORS to receive and use it er any part thereof tor otner pu~poses, without th~.eu~ waiving or ~mpair- Inq any puity, lien or right unoe~ or by virtue of thi~ mo-!gage; and in the event sa~d MORTGAGORS shall for any reaso~ fail to keep the ~aid premises so inaured, or fail lo deliver promptly sny of ~aid policies of insurance to said MORTGAGEE, ot fail Promptly to Fay fully any premium iherefor or in any r~ipect fail to perform, d:scharge, eaecute, effect, co+nplete, comply with and abide by thi• covenant, or any part hereof, aaid MORTGAGEE may plece and pay for tuth in~urance or any part thereof without waiving w affectiny eny optiori, {ien, equity, or right under or by virt~e of this Mortgaye, and the full smount of each and avery svth peyment shall bo immediately due and paynb!e and shall bear interest from ths daTe thereof until paid at 4he rate oi nine per cantum per annum and together with such interest shall be secured by the ~ien of th~s morigage. 4. To permit, commit or suffer no waste, impairment or daterioiation of aaid properry or any ~art thereof. 5. To pey all and singular the casts, chargct and expenses, including a reasanable attorney's fee and cost~ of ebstracts of title, incurred or paid at any time by aaid MORTGAGEE, betause or in thc event of the failurc on the part of the said MORTGAGOR to duty, promptly and fully perfo~m, discharqe. oxecute, sffect, complete, comply wieh and ab~de by eech and e~ery the stipulations, agreements, conditions, and covenenrs of sa~d promissory note and ~hi• rrsortga9e any or eirher, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be natice do- mand, attempt to collect or suit pending; and the tull amaunt of each and every such payment shall beai interest from the date thereof until paod at the rate of nine per centum per annum; and all ~aid tosts, charges and expenses incurred or paid, tagether w~th such intere~t, shall ba secured by the lian of thi~ mortyaq~. 6. That (e) in the event of any breach of th+s Mortgage or default on the part of the MORiGAGOR, or (b) in the evcnt any of aa~d sumt of money her~in referred to ba not promptly and fully paid wirhin th~rty (301 days next after the same se~eratly become due and payable, without demand or no~ice, or (c) In the event each end every the stipulations, agreements, conditior.s and covenants of ~a,d promissory note and th~s mortgage any or rither are not ~uly, promptly and fully performed, d~scharged, ezecured, effected, completed, complied with and abided Sy, ther. in either or any such event the said ay- pre~ate tum meniioned in said promissory note then remaining ~npaid, with interest accrued, and atl moneyi setured hereby, shall become due and pay ab~~ forthwith, or thereafter, et the option of said MORTGAGEE, as fully and completely as if aIl of the said sum~ of money were or~ginally stipulated fo be p+~id on such day, anything in said promissory note or in this Mortgage to the conrrary notwithetanding; and thereupon or ihereafter at the option of uid MORTGAGEE, w+thout notice or demand, suit et taw or in equ~ty, therefore or tt~ereafter begun, may be pro~cuted ai if all moneys iecured hereby had m~tursd prior to its institutian. 7. lhat in the ever.t rhat at the beginning of or at any time pending any su~t upon thls Mortgage, or to foreclose it, or to reform it, or to crforce payment of any claims herounder, said MORTGAGEE shall apply to the Court having jw~sd~cTion thereof for the appointment of s Rcceiver, suth Court shall forfhwith appoint e receiver of saijJ mortgaged property all and singular, indud.ng ail and s~ngu~ar the intome, profiU, iesues and revenues from whatever wurce derived, each and every of wh~ch, it being express!y unders~ood, is hereby morrgaged as if specificaEly set fe~th and described in the flranting and habend~m davsea hereof, and such Reseiver shall have all the broad and e`fecrlve func~~or.s ar.d powers in anywiee entrusted by a Court tq a Receiver, end wch appointment ihall be mede by such Cou~t as an ad:nitted equity and e matter of absolute right to seid M.ORTGAGEE, and wirhout referente to tne adtq~acy or inadequacy of the value of the property mortgaged or to the so;vency or insolvency of naid MdRiGAGOR or the defendants, and that such rants, profits, income, issues and revenues snall be applied by such Receiver accard~ng to the lien or equity of said MORTGAGEE end the ~ractite of such Court. To dvly, promptly and fully perform, discharge, execute, effect, complere, cortipiy with and abide by each and every the stipulations, agreements, conditions end covena~ts in sa~d promissory no!e and th~s mortgage set forth. 9. That in the event the ownership af the mortgagzd premises, or any parl thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its tuctessors and essigns, may, withou~ notice to the MpRTGAOR, deal with such successor or wccessor in intereat with reference to thii mortgage and the debt hereby secured in the same manner as with Mo~tgagor withcut in any way ~it~ating or discharging the Mortgagors' liability here- under o~ upon the debt hereby sec~red. No tale of the pren,ises hereby mortgaged ar.d no 4orbearance on the pari of the MORTGAGEE or its successors or essigns and no extension of the time for the payment of the debf F=reby secured given by the MORTGAGEE or i~s successors or assigns, sliall operate fo release, discharge, modify change or affect the orig~nal liab;i~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaily agreed that fime is of the essence of this controct and that no waiver of any obligation hereunder or of the obliyation sr cured hereby shall at any ~~me therea!ter 6e held !o be a waiver of the terms hereof oi of the instrument secured herby. 11. Ir, add;tion ?o the forego nc~ rnomhly paym~nrs of ;;rinc pal and interest requhed by th~ prom~ssory no!e secured hereby, mortgagor covenants and egrees to pay to mo-tgagee with e~th momh:y payi,~.ent an add~~ional sum estin,ated b~ mortgagee to be eq~al to 1 j 12 of tha annual cost of the f011ow- ing: A--AII reaf property taa=s lev~ed or assessed agai~st tF~e above described reat estate. B-Premiums on fire and w~ndsrorm insurarce as herein requ~red to be carr,ed on the Imrroveme~ts s~tuate on the above described ptemises. C-Premi~ms on such mortgaga guaranty insurance as mc~rgagee shall from t me to timc deem fit to carry on ths loan secured hereby. Mortgagea shail from tlme to time notify mcrrgagor in wrlttng of the amo:~~t due and payable hereunder and such sum shall rhereupon be due ar.d payable on the due da!e of rhe next month!y payment and each successive month Thereafter uct~l mortg~gee sh;ll notify morrgagor of a change in such amount. Such sums shaii be appiied by mortgagee toward the payment of real properry ta,ces, inwrance prem~ums, and mortgage guarenty insurance premiums. IN WITNE55 WHEREOF, tha said MORTGAGOR has herev^,to set h~s hand and seai the day and year first a4or aid. Siqned, Se ed and 'vpr~1 in the presencs of: _ (Seel) i f „ (5•el) (Ssal) - ~r~;:~ .tK..e1) STATE OF fLORIDA ~ 'I couNrr o~ S t. Luc ie i~~ , ~ Before me perionally appeared ~i' . Lean Wor~h ;~d - Charl.ott~ G. WortY: ~ ~ ~ - his wife, to me well khown..aad~fpdwq ip.~ To b~ ~ the individuals described in e~d who exe`.uEed the foregoing instrument, and acknowledged before me that they exetuted ~hE~;atrle,;~u.r116f_~ds~.. ; there(n ezpreased. And the taid ~Yl&Z'~OttB ~`r. w01't~1 ~ •`s''''~ ' ' E _ L~on Worth ~;5<.: ~ wife of the aaid ~POw'O ~9PM~~"~~R~+~Q' ` examinatian by me faken sepasate and apart from her said husband, acknowledged to and be'ore me that ahe executed said instrur/9r~f'~qef~l ,ah~ ~~un- terily end without erry compulsion, constraint, apprehensio~ or fear of or from her said husbar.d. WITNE55 my hand and official seai ihis day of OCtQ~JeY' A. D. 19~ ~ Notary P ic in end for the S1ste of Floride at Large Mly Com ission expires: R~t~{tn. ~a: ~ Pjotary °ubt'c, Statt ot rorlde st e Fint Feder a~i Ldt„ ~Auoc;at~on ~,~y Commiss!on Ex? res Aug. 6, 19G7 ='r~~~,~.~'~~~~~~'. ~ Ba~~~d r~y American Sunty Co. of N. Y. "y`~6R~~Pier~ Florid~j ~ K A`'~;.. 0 ,r{a. ~ . ~ B ~.'~G..~;~~ 15 ~ :c ~ d . p~Z i_~,~~,., J~ C`ERK ' ',~l' ~.,4~',~~~~;l~E `E~~.N~Y. ~ry ~e~ ~ ~ ~t;~.RCnP BOOK J.~G~ .'~i . . ~ ? yi°..~ ~ - - -