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HomeMy WebLinkAbout2345 3. To plece and co~:tinuovsly keep on the b~i~dings now or hereafter ~~tuete en eaid land and on sll equipm~nt ~nd peno~slly cove~ed by thi• mortq~ pa, w~th •IS premium~ thereon pe~d in fuil, fi~e insurence ~n the us~~l standard polity form, in a sum approwd by the MORIGAGEE, and windatorm i~iur~nce in the usual •randard poYcy form, in a ~um app+oved by the MORTGAGEE, in such ccmpany or tompanies as the MORTGAGEE mey direct; and all fi~e and windstorm insuronte policies on any of said build~ngs, •ny interesl therein or part thereof, in the sggre9are sum aforeseid or In ~xtets thereof, shell contain the uaual standard morrgagee clause or such other cla~se aa rhe Murtgagee msy require, maki~g 1he loas under s~~d poli- ci~s, each end every, payable to said MORTGAGEE as ~ts inrerest may appear, and each and e~ery such pol~cy shall be prompily ais gned and delivered to any held by >a~d MORTGAGEE af fur!her aecurity to •aid mortgage debt, and, not ~esa than ten (10? days in advance of the expiration of each policy, to d~- liver to seid MORTGAGEE a ro~ewat thercof, toqether with a rece~pt for the premium of xuch renewal; a~d there tholl ba no fire or wi~~dsrorm insurence pl~~ cn any of said buildinqs, any interest there~n or pa~t thereof, unless in the fonn and with tF.e loss payable as aforeaaid; and in the event a~y s~m of money becomea payable undrr ~uch polky or pol~cias said MdRTGAG[E shall have the opNOn to receive and apply the same on acccunt of the indebtrd- neu se<wed hereby or to permrt ~aid MORIGAGORS to receive and use it or any part therot tor other purposes, w~thout th~n o~ w~ivin~ o. ~mpair• inq a~y equity, lien or right under or by virtue af thia mo:!gage; and in the event fa~d MORTGAGGRS shall (or any reason fail ta kaep the Ya~d prtmises so insured, or fail to del~ver prematly any of said policias oF ini~ronte to said MORIGAGEE, or f~il promptly to pay fu!ly a~iy premium therefor or in any rt~pact fail to perform, discharge, execute, effect, compiete, comply wirh and abide by th~s covenant, or any part hareof, said MGRTGAGEE may place a~~d pay for such iniurance or eny part t!~ereof without waiving or affecting any optio~, lien, tquity, or riqht under or by virt~e of tfiis Mortga9e, and the full amo~nt of eech and evary such payment shall be immediately due and payab~e and shall bear interest from the date thereof until pa~d at the rate o1 nine per centum per annum and to~eiher with tuch intarest shall be sacured by the lie~ of thi~ mortgage. To permit, commit or suffer no wa:te, impairment or deterioration of said property or any part thereof. 5. To pay all and singular.the costs, charges and expensea, induding a rebsonable nttomey's fee and tosts of abstracts of title, incurred or paid at eny time by said MORTGAGEE, because or in rhe even? of the failure on the oan of rhe said MORTGAGOR to duly, promptly and fully perfarm, discharge. •xecute, effect, complete, comply w~th and ab~de by each and every the stipulanons, egreements, conditions, and rovenants of said pramissory note snd thit mortgrge any or e~ther, and sa~d cosrs, charges and expenses, each and every, ehall be immediately due and payable; whether or not there be notice de mand, attempt to collect or suit pend~ng; and the full amuunt of each and every such payment shall bear interest from the date thereof until paid at the rate of n~ne per cent~m per ann~m; ane' all said costs, charges and expenses incurred or paid, together wnn such irterost, shall be aecured by the lien of thi• mortqeqe. 6. That (a) in the event of any breach of this Mortgage o~ default on the pari of the MORTGAGOR, or (b) in thz evcM any ef said sum• of money herein referred to be not promp;ly and fully paid w~rhin rh~rty ~30) days next arrer the same severa;;y become due end payable, without demand or notice, or (c) in the event zach and every the stipulations, agreements, condrtions and cove~ants of sa d promissory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d:scharged, execu!ed, effected, completed, complied with and abided Sy, then in either or any ~uch event the said afl- gregete sum mentioned in aaid pro~iissory note fhen rernaining unpaid, with intere;t accrued, and all meneys secured hereby, shall become due and pay eble forthwith, or thereafter, at the option of sa~d h50RTGAGE@, as fully and compietely as ii a!I of the said surw of money vvere o~~g~neliy st~puiated to be paid on such day, anything in sa:d promiss~ry note or in this Mortgage to the conrrary notwith~tanding; and there~pon or thereafter at the opt~on of teid MORTGAGEE, without notice or demand, suit at lavv or in equity, therefore ar thereafier beg~n, may be proiecuted •s if all moneys secured hereby hed matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suii upon thix Mortgage, or to foreclbse it, ar to reform it, ar to enforce pryment of any claims hereunder, said MORYGAGEE shali apply to the Court having junsd;ction rhereo4 far ~he appointment of e Receiver, suth Co~rt shaN forthwilh appoinf a receiver of sai~! morigaged property all and sing~lar, includ~ng all and singular the income, profits, issues and reven~es from whatever wurce derived, each and every of wn:ch, it being expressly undersrood, is hereby mor!gaged as if sp~c~fically set forth and described in the granting and habendum clauses hereof, and such Receiver sha:l have alt fhe broad and effecrive funcr,ons and pov:ers in anywise entrusted by a Court to e Receiver, and tuch appointment shalt be made by such Court as an admirtec eq~ity and a matter of ebsofute right ro said MORTGAGEE, nnd without reference ro ths adequacy or inadequacy of fhe value of the property mort~aged or So the so:vency or insolvency of said MORTGAGOR or the defendants, and that svch rents, profits, income, issues and rever.ues sha~l be applied by such Receiver accord~ng to the lien or equity of said MGRTGAGEE end the pract~ce of such Court. 8. To duly, promptly and fuUy perform, discharge, execute, effect, corrplete, comply w~th and abide by each end every the stipufations, aareements, conditions and covenants in sa~d promiasory note and thls mortgage set forth. 9. That in the event the ownership nf the rnortgaged premises, or any parr thereof, becomes vested in a perton other ihan the MORTGAGOR, the MORTGAGEE, its successora and assignt, may, without norice to the MQR7GAOR, deal with such successor or successor in interest wifh reference to this mortgage and the debt hereby secured in the same manner as with Morrgagor without in any way viNaiing or d~scherging the Mortgagori iiability here- under or upan the debt hereby sewred. No sale of the premises h_reby mortgaged and no forbearence on the pert of the IAORTGAGEE or iti svccessors or a~signs and no extension of the time for the payment of rhe debr hereby secured given by the MORTGAGEE or its successcrs or ass:g~:s, sliall operate to release, discharge, modify change or affect the orig~nal I~ab:!~ty of the MORTGAGOR herein, e~the~ in whole or in part. 10. 1t is spec~ficaliy agreed that time is of the essence of this contracr and that no waive~ of any ob!igat~~n hereunder or of the oblipation sa cur~d hereby shal: at any time thereafter be he!d to be a wafver of the terms hereof or of Ihe instnJment secured herby. 11. In add.tio~ to the forego'ng monthly paym~n!s of princ pal and ini~rest required by ihe pro~r.'ssory nore secured heraby, mo:tgagor covenanta and agrees te pay !o morigagee ~nith each rnonth!y pa~r.,ent an add:~ional sum est:n~.ated bq mortgagee ~o be equa! to 1~ 12 of the annual Cost of the follOw- in~: A-All real property taxzs levied or assesscd ag~i^5! the oF.ove descr:hcd real esrate. 8-Prem~ums o~ fire and w~r.dsroriT~ insurance ~s iie,-e~n rey~~red to be ca~ried cn the ~m;:~oveme.its situate on th~ abovr d=scribed premises. C-Premi~ms on such mortgage guarant~ ins~rar.ce as mortgagee shai! frcm t me to tirne deem fit to carry on the loan secured hereby. Mcrtgaqee shail from ti~r,e fo time r.or~f~ mong~gor in v.ritirg of the a~r•.o~~t d~e ard payab!e hereund~r and wcF s~m shal~ thereupon be due and payable on the due date of thz ner.t n~onth:y p~yn,~a~~t and each successive rro~~th tnereafter ur,tii mortgaoee sha!I not~fy mortgagor of a change in such ~ emount. Such sums ahail be app!ied by mortgagez toward the payment of rea! property taxes, insurance prem:ums, and mertgage guaranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has h^re~nto set his har.d and seal the day and year first aforesaid. r \ Signed, Sealed and detivered in the presence of: ~ (5tal) T w , ~ ~ -(Seei) ~~.t% ~ 7 i7 ~~1 i.' fSeal) _ _ (5eel) STATE OF FLORIDA ~ ~ COUNTY OE - ' t , : ~ f Beiore me ersonail a i~ F~ ~ ~ C~-.'- Q F7 C' r~`~,~ p y ppeared - VkYs~f~ to me well known and known to me to be ihe individua described in end who executed ihe foregoing inatrumert, and ackna•~v!edged before me that fi+~ executed the s3me for the purposes - •~E~ therein exprcssed. !l4?G~CfXdta[~[.}' - vY3Cf~d~~I{S~£yK:~Kys~XSSde~yy y 7(yyr ryyryy yyy Yp~y~y~y~y~ yy yy 7~yyYy~~y~[y~yy _~Y~p~yy; 3'rPSyr~~ys~p~`6~fSYvr38~'pI[~c7dt7~ fC~camlf77T t(XY~~7ai ~ Td~~i1 ~~C M'~ Il1P 7TVRTvIiYr~ R i4 /7i1R7s+tiS• EGUIVMWO~P6 J6V8~W ~iVR ~is7~ '7LAZ.YJlst7'-f~. 1i[NT9~i xS11CCr~ t115R LXIAC~ .17~/ •^O~~~fY ~~t~{fYd~~VYI~i~J}r ~fl~ xGl~i]ft?'~51~~ ~t~SYl~ltj{.Yd~O~~i~ Y.OOX ~E~tYO~ ~fY~~1~7~C.~8~°~!~-S~AYS~?~ ~ WITNESS my hand and official seal this day of T1r'~»rr'~'~'•" ~ A• D• 19 F'~ / Notary Pub!ic in and for .fitafbvf~'Floddt aY~lat~e My Commission expit03: =.i~ a' Return 70: ~ ~i{~~~~i ^ ' ~ C, Firat Federal Savinga L Loan Assoc;at~on F' ~ Q RE ~ o O V - f . Of Fort e~~Sr~~. ~ n , , , _ ~t! IA.P,frt..~ Fort p~srte,_fior' a Y~ ryOTARY F'UBIIL; STATE of o;`~~ ~ " .~O KY CO'~611SS10N IXP~RES APR. 24, 19~9 - . ~ . •~5 ROV ~ 5 ~ - . , - _ _i 4~.~, ; : ; ~ ~ . - ~a~~N i~..S. ~TYRK ~ ' 5T' L~ R D A`J , F , ' , . ~ BOOK ~~U _ . - - - - - - - - _ _ _ .