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HomeMy WebLinkAbout1300 3. To plsc~ ~nd con~inua,~ly keep on the building• now or ha~eafter situate on ia~r I~nd and on all equipmem ~nd p~nan~lly cov~r~d by thi~ mortg with all premiums Ihereo~ pa:d in full, fi~e insvrance in the wuel stanr+drd p~iicy fo/m, in • wm approved by thc MORTGAGEE, and winclaro~m inswanct in tht uaual s~andard policy fwm, in a s~~T~ epproved by the MORTGALiEE, i~ ~u<h company or compani~s ++s fM MORTGAGEE m+y dirKtj and ~II fir~ snd windstorm inwrante po!iciea on e~y of ~aid twiidinqs, any in/erast fhrrein or pert ih~reof, in thf rqgreyav wm ifwaiaid a In txc„s ihereof, shell cw+tain the usual standard mortgagee clause or such other cla~se •s th~ Mortyagee may requir~, makinq tF+~ los~ under ~sid poli~ ti~f, e~ch and every, payabte to s~id MORTGAGEE as ib i~terest may appear, and each and every such policy shafl be prompNy sss.qned and de~ivered to any h~ld by said MORTGAGEE ~a further ~ecurity to said mortgage dzbt, e~d, not les~ lhan ten (10) deys in advance of the axpiration of each policy, to dr liwr to ~aid MORTGAGEE a ranewal thareof, toyeth~r with a rece~pt for tha premium of such renewal; and thcra ~hall be no fire ar windsrorm inrurance pl~ced o~ sny of ssid buildinqs, any intereal therein or perl thereof, unless in the form and with the loss payable af eforesaid; and in the evant any •um of money becomes payabla under such polity w policies faid MORTGAGEE shall have the option ta receive end apply tha 3ame on account of the indebted- r»u secured hereby o~ to permit said MORTGAGORS to receive and use it w any part tfiereof ior other purpoaes, w~~hout ths.cbl waiving or ~mpair- iny sny equity, lien w r~ght under or by virtve of this mortgage; snd in the avent sa~d MORTGAGORS shafl for any rcaion fail to ketp rhe said promis~s so insured, or fail to deliver promptly any of said policies of insurante to ~aid MORTGAGEE, or iail promptly to pay fully any premium the~efor or in a~y rfapect fail ro p~rfwm, discharge, execute, effe<t, complete, coinpty with nnd abide by this covenant, or any part hereof, eaid MORTGAGEE may place and pay for suth insurance ot any pert the~eof without waiving or effecting any option, lien, equity, or right undar or by virtue of this Mortqage, and the fvlf emoum of eath and ev~ry such paym,ant shall be immedistely due and payable and shall bear inferest from tM date thereaf until paid at the rate of nine per centum per annum and together with such interest she~i be secured by the lien of ihis mort9age. 4. 7o pa~mit, commit or su4fer no waste, impairment ~r deteriorotion of said properry ot any part thereof. 5. To pey a~l and singular the costs, chargea and expenses, including a reasoneb~e atto~ney's fee and costs of abstracts of title, incurred or paid at any time by aaid MORTGAGEE, because or in the event of the failure on the part of ~ha said MORTGAGOR to duly, pramptly and fully perform, dixcharqe, •xetute, effett, complete, camply with and ab:de by each and every the stipulationa, agreements, conditions, and covenants of said promissory note and thi~ mortgage eny ar either, and sa:d costs, chargei and expenses, each and every, shail be immediately d~~e and payeble; whrther or not there be r~otice da mand, attempt to collect or ~uit pend~r~g; and the full amount of each and every such payme~t sha!I bea. interes~ trom the dete thereof until paid at the rate of ~ine per centum per annum; and aIl said coa+s, charges and ezpenses incurred or paid, rogether w~th such interett, shall be secured by tha lien of thiy mortg~q~. S. That (a) in the event of any b~eath oF thi~ Mortgage or default on the part of the MORTGAGGR, or (6) in the event any of said aumi of monsy heroin referred to be not promptly and fully paid within thirty (30) days next after the same severalty become d~e and payable, withoul demand or notite, or (t) in the evant each and every the xtipulations, agreements, cnnditions and covenanta of ae.d promissory note end this mortga9e any or either are not ~uly, promptly end fully perfnrmed, discharged, executed, effected, completed, complied with and abided by, then in e~ther or any such ev~nt the said ~q~ praflate sum mentioned in said pramissory note then remaining unpaid, with interest actrued, and a!I moneys aetured hereby, shall become due and pay abl• forthwith, or thereafter, at the uptian of said MORTGAGEE, as fully and completely as if afl of the saitl sumt of money were originally stipuleted ~o be paid on such day, anything in sa:d promissory note or in this Mortgage to the contrary notwithstanding; and thereupo~ or thereafter at the option of faid MORTGAGEE, withcut notice or demand, suit et !aw or in equity, therefore or thereafier begun, may be prosecuted a~ if ell moneys secured hereby hed matured prior to its institution. 7. Thet in the evrnt that a! the beginning of or at any tim~ pending any auit upon this Mortgage, or to foretlose it, or to reform it, or to enforc~ payment of eny claima hereundar, aaid MORiGAGEE shal! apply to the Court having jurisd~ction Iheraof for the appointment of a Receiver, tuch Court shall Forthwith appoint a receiver of sai~ mortgaged property all and sing~lar, includ:ng all and singuiar the i~come, profits, issues end revenues from whate~er wurce derived, each and every of wh~ch, lt being expressly undersrood, is hereby mortgaged as if spec~fically set forth and described i~ the 9~anting a~d habendum tlauses hereof, and such Receivar shall have all the braad and eftective funct~ons and pcwers in anywise entrusted by a Cour1 to a Receiver, and such appointment shail be made by s~ch Courr ae an admitted equity and a matter of abso!ute right to said MORTGAGEE, and without reference to tha adequacy or inadequacy of the value of the property mortgaged or to the so~venty or insotvency oi said MORiGAGOR or the defendanrs, and that such rent~, profits, income, issues and revenues shail be applied by such Receiver according to the lien or equity of said MORTGAGEE and ihe practice of xuch COurt. 8. Ta duly, promptiy ar,d fully pe~form, d~scharge, execute, effect, complete, con,ply w~rh and abide by each and evary the at~pulations, agreements, conditions and covenants in aa~d promissory note and th~s mortgage set forth. 9. Thet in the event the ownership of the mortgaged premises, or any part thereof, becomes veated in e perscn other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wirhout nctice to the MORTGApR, deal with such sutcessor or wccessor in intereaf with reference to thi~ mortgage and the debt hereby secured in the same manner as w~th Mortgagor w~thout in eny way vit~ating or discharging the Mortgagors' liebility hera under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of rha MORTGAGEE or its ~uccessor• or asaigns and no exrens~on ef the rime for rhe payment of the debi hereby sec~red given by the MORTGAGEE or its euccessors or assigns, aliall operate fo reiease, discharge, modify change or affecr the orig+nal liab;liry of the MGkTGAGOR herein, either in whale or in part. 10. It is apec~fically agreed that time is of the esser.ce of this contract and that no waiver of any obligation here~nder or of the obliqation at tured hereby shell at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~ Il. In add~tion to the forego'ng momhly payments oi prinCpai and interest requ~red by the promtssory no'e secured hereby, mortgagor covenanTs and agraes to pay to mortgagee w:th each monrh'y payrnent an add~ronal sum est:e,ated by mortgagee to be equal to 1;'12 of the annua! tost of the follow- ing: A-All real property taxes levied or d55?SS[~ agai^st th= above descriSEd real estate. B-premiums on fire and windsrorm insuracce as h=refr, req~~red to be carried on the ;mproveme~ra situate on the above d~scribed premises. C-Prem+ums on such mortgage ~uaranty ir.sura-.ce as mortgag=e shali from t'me to time deem i.t to carry on the !oan aecured hereby. hlartgagee sha!I from rime to time not~'y me,tgager in wr{t~ng of the a~rount duc and payable hereunder and such sum shall +hcreupon be due and payable on the due date of ths next month;y payment and each successive manth thereafter ur:til mertgagee ahall not~fy mortgagor of a change in such amount. Such sums sFall be applied by mortgagea toward rhe payment of real property taxes, insurance prern;ums, and mortgage guaranty insurance premiums. Ild WITNESS WHEREOf, fhe said MORTGAGOR has herevnto set his hand and seat the dey and year first aforesaid. ~ 'y~ , afed~ d i r 'n the p~esence of: iJ , ~ r~~Y'~-~(Sea I) _ (5eal) (Seal) ($ea Il 57A7E OF FLORIDA COUNTY OF S 91. I7 t LU C~ P j Before me personally appeared FT'11 P_. S t ~{i h~ - and ~?~,~.%1 ':~RF' Kin~ hia wi{e, to me well known and known to me to be the individuals destribed in and who executed the foregoing instrument, and acknowledged before me that they eaec~ted the same for the purposes ti~erein expressed. And the said_ ~E~ fi M~A Kin~ _ wife of the said ~^nB s~ ~~L~~_ , upon e separate and private examination by me taken separate and apart from her said h~sband, acknowledged to end before me that she executed said instrument'freely and volun- ?erily and w~thaut ar~y compulsion, constraint, apprehens~on, or fear of or from her said husband. K'ITNE55 my hand and official seal this-l~--_ day of ~C tOhE3r , A. D. 19~ ~ 'u ; - ~C~ i f~ (i~''L%Ls-'% c • Nota~y Public in and for the Syai! ofi,l~lc~u+d!°!'t'l~p~ My Commission expires: , ~ Return To: ~ ~ ~ ~ ~ ; i ~ Fint Federol Savings 3 Loa j~ s yr~tio ~ - Of Forf PiErce~'~~U C~R EQ ~~'Y~K. S~ ff ~flb 1~ ~ ...t~! fbtt~,Plerce. Floric~a~ ~ 11~C~~~~ ~ 0~+ }~h, tsn+missi«~ Ex~ires Se~t. Z3. 19b4 _ - , ~ ' ~ ' . ~ . ~ ~ 4r.+nr ~r rN. e c+~+.i.r c.. ~ ' ~ ` ~ ~ ~C." ~ r' ~ \ \ , U , . g r , ~ ` . ' ' 6 S OCT I AM 10 ~ y a ; ~3 - , ~ - ' ~ - ~ ~~~J~~ r~tj • . .,w~ ~ • F;G::~; , , CLLRK ~ , Si. Li:~~c COCiNTY, " ~ . t~LGF.l~A 0 R n S•; . 800K~ ~V~, 'f?^""' ' ~ • . .