HomeMy WebLinkAbout0310 To plece and continuouely keep on fhe bui!dings now or F1t/f6f1C~ sit~ate on said ~and and on •II equipmem ~nd personsily covered by thi• mon¢
~ye, with all premi~m• thereon pa~d in full, fire insurence in the us~al standard polity form, in s su:n approwd by Ihe MORIGAGEE, ~nd wind~torm
insurance in the usual uandard poGcy fo~m, in a sum approved by the MORTGAGEE, in such company o? comp~nies af the MORTGAGEE may
dirett; and ell fir~ and windstorm insvia~ce policies on any of said buildings, any interest there~n or part thereof, in the aggrege~e tum aforosaid or
In •xces~ thereof, shall contain the usual standard mortgagee clause or such other ciause as the Mortgagee mey requlro, meking the b?~ under sa~d polr
cie~, eech end every, payable to said MORTGAGEE as ~ts interesr may appea., and each and every such po~~cy shail be promptly a~s gned end delivared to
~ny held by sa~d MORTGhGEE a! further tecurity to iaid mortgage debt, and, not less than ten (10I days in advance of the expirat~on of eath polity, to dr
(iver to ~aid MORTGAGEE a renewel thereof, together with a rete~pt fo+ the premium of s~ch r,:newal; and there ihal! be nc fi+e or windstorm insuranca
plated on any of said buildings, any interest therein or part thzreof, unless in the form and with ~he loss payable as aforesaid; and in the event any surn
of money betomes payabk under such polity or poGcies said MORTGAGPE shall have the option to reteive and apply the same on account of the indebted-
nefs secured hereby or ro permlt sa;d MURTGAGORS to receive and use it or any part thereof for oti~cr purposes, ~virho~t thareb; wsiving ur ~mpair-
iny ~ny equity, lian or right under o~ by virtue of this me;tgage; and in the event said MORTGAGORS shall For any reason fail to keep ~he said premises so
insured, or fail to deliver promptly any of xaid pal~cies of insurance to said MORT~GAGEE, or fail promptly to pay fully any premium therafor or in any
nspxt fail to perform, diecharge, exewte, eifect, complete, comply wirh and sbide by this covenant, or any part hareof, said MORTGAGEE may place and
pay for such in~u~ance o~ eny part thereof without waiving or affecting any option, lien, equity, or right under or by virtua of this Mortgaye, and tho
full amount of each and every ~uch payment shall be immediaizly due and payabie and ahall beer interes~ from the ciate thereof until pa~d at the rate o1
nine per cen!urn per ennum and to9ether with i~xh inrerect shall be setured by the lien of this mortyryaga.
4. To permit, commit or suffer no waste, impairment or deterioration of aaid proparty or any part thereof.
5. To pay all and singutar the costs, cherge~ and exoenses, including a reasonable attorney's fee and costs of ebstrac~s of title, incurred or peid at
eny time by seid MORTGAGEE, because ar i~ the event of the failure on the part af the saia MORTGAGOR to duly, promptly and fully perform, discharge,
•xecute, effect, tomplete, comply with and ab~de by each and every the atipulations, agreemenrs, conditiona, and covenants of said promissory note and tnis
mortgege any vr e~ther, and said costs, charges and expenses, each and every, ahall be immediately due and peyable; whether or not rhere be r,otite d~
ma~d, aitempt to collett or suit pend~ng; and the full arnount of each and every s~th payme;nt shali bear interest from the date thereof until paid et the
rate of nine per cenrum per annum; and all said costs, charges and expenses incurred or paid, toge~her w~th auth ir.terest, shall be setured by the lie~ of this
mortyaqe.
4. That (a) in the event of any breach of this Mortgage or dafault on iFr. part of the MORTGAGOR, or (b) in the event ar~y of sa~d sums of money
heroin referred to be nct pron,prly and fully pald w~rhin rh~rty (30) days next airer the same severat;y become due and payabte, without demand or notice,
or (t) in the evenc each and every the stiputations, ayreements, conditions and ccvenants of sa:d promissory note and th~s mortgage any or either sre no1
~uly, promptly and fully performed, d~scharged, execu~ed, effecred, completed, complied with and abided Sy, then in either or any such event the seid ag•
gregate sum mentioned in said promissory note then remaininy ~npa~d, with ~nterest accr~ed, and ail moneys secured hereby, shall become due and pay
eb!e forthwith, or thereafter, a! thc oprion of said PAORTGAGE?, as ful!y and completely as if ail of the said sunu of money were originelly at~pulated
to be paid on such day, anything in sa d prom~ssory no!e or in this Mortqage to the contrary notwithstanding; and thereupon or ihereafter at the apt~on of
~eid MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore er thereafrer begun, may be pro~ec~ted as if all money. setured hereby
hnd matured piior to ~ta institution.
7. 7hat in the event that at the beginning of or zt any time pending a~y suit upon th~s Mortgaga, or to foreclose it, c+r fo reform it, or to enforce
payment of any tlaims hereunder, said MORTGAGEE shall app!y to the Court having jurisdiction thereof for the eppo~ntment of a Receivet, such Court shall
forthwith appoint a receiver of sai¢ mortgaged property all and <_ing~;ar, includ:rg all and singular the income, profits, issues and revenues from whate~er
tource derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~fical:y set forrh and described in the granting and
habendum clauses hereof, ard such Receiver sha11 have a11 rhe broad and effecrive fvnct~ons and powers in anywise entrusted by a Court to a Receiver, a~d
tuch appointment shall be made by such Court as an adrnitred equity ar,d a matrer of abso!ure right to said MORTGAGEE, and without referencr to the
adeq~acy or inadequacy of the value of the prcperty morrgaged or to the sorvency or insol~ency of sa~d MORTGAGOR or the defcndants, and that such
rents, profits, income, issues and revenues shall be applied by such Receiver ac.ording to She lien or equity of said MORTGAGEE and the practice of euch
Court.
8. To duly, promptly and fu11y perform, discharge, execute, effect, complete, torr.ply with ard a6ide by each end every the stipulations, agreem>ntr,
conditions and covenants in sa~d promissery note and tt~Is mortgage set forth.
9. That in ttie event the ownersF,ip of tne mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successors and assgns, may, without nori~~ to the MORTGAOR, deal wi~h such autcessor or wecessor in interext with reference ro this
mortgage and rhe debt hereby aecured in the same manner as with Morrgago~ withaut in eny way viria~ing or d~scharging the Mortgagors' liability here-
under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearan~e on the part of the MORTGAGEE or its successors
or euigns and no extension of the time for the payment of the deb! hereby ~ec~red given by the MORiGAGEE or its successors or assigns, siiail operate
to releaae, d~scharge, mod~fy change or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part.
~0. It is specifically agreed that time is of the essence of this cortract and that no waiver of any obligat~on hereunder or of the obligation se-
cured hereby snell at am~ time thereafter be he;d to be a waiver oF the terms hereof or of the instrument sewred herby.
11. In add:tio:i to the ferego'ng mon!h!y paym~nts of princ pai and interest required t~y the prom ssory ne`e sec~red hereby, moriga~or cevenantf
and agrees to pay to mertgagee v:irh each mon?hiy pa~~.•,ent an add~rior.al s~~m esr:n,ated by mortgagee to be eaual to 1;' 12 of tf:e annual cost of the foliow-
ing:
A--AII real property taxzs lev~ed or dSSc'S5~`CI ag~i•~st the aF;ove desc~ibed rea~ es'ate.
B-prcmlums or. fire and yvindstorm ~nsurarce as iierc~n re~u~red tc be carr~rd or. the ~mproveme~ts s~tuate on the above d;scr~oed premises.
C--Premiur*+s en such mortn.~ge guaran!y ins~rar.~e as mO~tc~3.^.^e shail frcm t me to time deem fft fo cairy on the loan s^cured F~reby.
Mortgagee shai~ from time to tlme nc!ify- mcrty„gc• in writ~rg of the amoont d~e and payable hereundar and such su~i shal! thereupon be due and
payab(e on the due date of rhe n~xt m.onthiy pay~r.ont and each w:cessive month thereafr~r ~r.ril mortgagee shall notify mortgagcr of a change in such
amo~m. Such sums shail be applied by mortgag=e toward tt•,e wayment of real property taxes, insurante prem;ums, and morigage guaranty insurance
premi~ms. ~
IN W17NE55 WHEREUF, the sa~ RTGAGOR has hereunto set hls hand and scal the day a ~ar~~nt afores :d
~y
ed, aled an efivere the esence af;
' _ ~ (Seel)
J '
- (See!)
(See1) .
(5eal)
$TATE OF ~LORlDA ~ `
COUNTY OF S t. L1lG ~.8 SS. 1
!
Bef;,re me personally appeared G6 OI~Q£ M. ~70 ZA _ anJ
Mattie B. C7OZ8 _ his wife, to me well know~n ar.d kno~vn to me to be
the individ~als described in and whu executed th? foregoing instrumtnt, and atknowledged before me that they executed the same for the purposes
therein expressed. An~ the said- _ KBtiti~8 B. ~'lCZB _ _ ~
wife of the said ~ _ _ GA OPge__ M. LiQ Z8. _ , vpon a separate and private
examination by me taknn separate and apart from her said hu band, acknowledged to and before me shat she executed said instrument freely and volun-
tarily and without any compulsion, constraim, apprehe~s~ n~ fear of or from her said husband.
ATovember
WITNE55 my hand and offitial seal this__ day of , A. D. i4.__~„1.
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Notary Public in and for the State of Florida at Large
My Commission expires:
Return To:
First fedzral Savings 8 Loan Associatiocr ~ ~ ; E~` Q D~ C No,ar~ Pt!~lic, St~te ~f flo+~da at large
Of Fort P erce. ~~Q~ V tV1y Commi;sia~ Expires Nov. 3,y1969
.dr.: ,.r . r,er.:e.n Fire P, Ca;~ei~y
~orf ~'iArE.la, Florida " ~
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