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HomeMy WebLinkAbout0344 3. Ta place and continuausty keep on the b~i!d~ngs now or hereafter s~tuete on sa~d land s~.d on efl equipmeM •nd penonslly tnverad by thi• mortg- ~ys, w~th all premi~m• rh-reon paid i~ Fv~l, fire inturance ;n ihe viual srandard policy form, in a sum approv~d by the MORiGAGEE, •~d windstarm insurance in the usual sunda~d poi:cy form, in a sum app~oved by the MORTGAGEE, i~ such company er compan~ss ai ?he MORTGAGEE may dirett; end all fire a~d windstorm insuronce po'icies on any of said bvildmgs, eny interest therein or part thereof, in tha aggregatt sum ~foresaid or in excess thereof, shall coroain the usual standard morfgagee c~a~se or such other dause as the Mortgagee may req~:ro, makinq the loss unde~ fa~d poli- cief, each and every, payahte to said MORTGAGEE as ~is interest may appear, and each and every such poiicy shall be promptly ass gne~ and delivrred to any he~d by ~eid MORTGAGEE as further sccurity to said mortgage debt, and, not lesa than ten (10) days in aavance of the expiration of each pulicy, to de- (iver to taid MORTGAGEE a ro~iewal thereof, togethar with a receipt for the premium of such renewal; and there shall be np fire or windstorm ini~ranca plsted on eny of said bviid~ngs, eny inte~ect therein or part thereof; unless in the form and with the loss payable as aioresaid; and in the event any sum of money becom~s payabte under such policy or pol~des sa(d MOkTGAGEE shall have the option to receive and apply the same on accoum of the indebred- nesa sec~red hereby or ro pormit said MOR'IGAGOR: to receive and ~se it or any part thereof for o~her purposes, w~th,~t thzr~b~ w~i~-i~~~ or unp~ir ing any rquity, lien or riyht under or by virtue of this mor`gage; and in the event ~aid MORTGAtiORS shall for any reason fail to keep the said premis~s so insured, or fail to deliver promptly eny of said poGcies of insurance to said MORTGF~GEE, or fzi( promptly to pay fuliy any premium therefor or in any raspect fail to perform, discharge, execufe, etfect, complefe, comply wish and abide by this covena.^.t, or any part hereof, said MORTGAGEE may ~lace and pay for auch insurance or any part thereof without waiving or affecting any option, lien, equity, or ~ight under or by virtue of ihis Mortgage, and the futl amount of each and erery a~ch payment shail be immediately due a~d payabla and shall bear intereat from the date thereof until paid a! the rate of nine per centum per annum and together with such intere~t shali be s?c~red by the lirn of ihi~ mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonabie attorney's fee and costs of abstractn of title, incurred or paid at eny time by said MORTGAGEE, becauae or in the event of the failure on the part of tha said MORTGAGOR to duly, promptly and fully perform, d~scharge. exec~te, effect, coreolete, comply with and ab;de by each and every the stipulations, agreemenfs, co~ditiona, end covenants of aaid promissory nate ared thi~ mortgege eny or either, and sa~d costs, chargea and expenses, each and every, shall be immediaiely d~e and payable; whether or nc+t there be r,otice de mand, attempt ro collect or svit pend~r.g; and the fuN amount of each znd every such paymen~ shall bear interest from ihe 8afe ihereof until paid at the rate of nine per ccntum per an~iur~,; snd ail said costs, chaiges and expenses incurred or paid, together w~th such intere:t, shall be secured by the lien of this mort9age. 6. Thet (a) in the event of any breach of this Mortgage c default on the part of the MO"n`GAGOR, or (b) in the event any of said sums of money herein referred to be not prorrip!ly and fully paid wirhin th:rty ,30) days next afte~ the same severally become due and payable, without demand or notite, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa;d promissory note and th~~ mortgege any or e~tner are not ~uly, promptly end fulP~ performed, d:scharged, executed, effecred, completed, compi~ed w~th and abided 5y, then in either or any such event the said ag~ gregate svm mention=d in said prornissory note then remaining unpa~d, w~th interest atcrued, and ail moneys secured hereby, thall become due and pay able forthwith, or thereafter, at the op!~o~ ot said MORTGAGEE, as fully and completely as if all of tfie said suno of money were or~gineliy stipulated to be paid or. s~ch day, anything in sa;d promissory note or in this Mortgage to Ihe contrary notwlthstanding; and thereupon or thereafter at the option of ~eid MURTGAGEE, withovt notice or demand, suit at law or in egu~ty, therefore or thereafrer begun, may be prosecuted ai if ail moneys secured hereby hed matured pnor ro its instirurion. 7. That in tFe event rhat at the beginning of or at any time pending any suit upon thi~ Mortgage, or To foreclose it, or ta reform it, or to enforte payment of any claims hereunder, said h10RTGAGEE shall app~y to the Co~rt having jur~sd~ctio~: thereof for the appointmeM of a Receiver, such Court shail forthwith appoinl a receiver of sa~~ mortgaged property ail and singular, indud:ng all and singuiar the +r.come, profits, issues and revenues from whatever source derived, edch and every of wn!ch, it be~ng expre:siy ~ndersrood, is hereby mortgaged as if apec~fically set for~h and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct.ons and powers in anywise entrusted by a Court t~ a Receiver, and •~ch appointment shall be made by such Court as an ad~hittrd eGuity and a matter of absa~ute rigM to said MORTGAGEE, and without reference to the edequacy or inadeyuaty of the valve of the p~operry mortg~ged or to the so.vency or insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, issues and re~enues shalV be applied by such Receiver according to rhe lien or equity of taid MORTGRGEE and the practice of s~~ch Co u rt. 8. To d~ly, promptly and fui~y perform, distharge, execute, effect, ccmplete, comply wi!h~ar.d ebide by each and every the stipulations, agreements, ccnditions and covenants ~n said promi5sory note and th:s morrgage set forth. 9. That in the event rhe ownership of the mortgagcd pre,~niies, or any part thereof, becomes vested in a person other than the MOR7GAGOR, the MORTGAGEE, its successors and ass~gns, may, without norice to the h10RTGAOR, deal with s~ch successer or wccessor in interest with reference to this mortgage ar.d the debt hereby secured in the same manner as w;th Mo~tgagor without in any way vit;atir,g or d~scharging the Mortgagors' liaoility here- under or upon the debt hereby secured. No sale of the Fremisss he~eby mortgaged and ro forbearance on the part of the TAORTGAGEE or its auccessoro or ass~gns and no extens~on of the tirne for the payn',ent of the debt hereby secured given by the MORiGAGEE or ita wccessors or ass:gns, alialf operate to release, d~scharge, modify change or affect the orig~nal iiao;;lry of the MORTGAGOR herein, ei`her in whole or in part. 10. It is specifically agreed rhat time is of the essence of th~s contract and that no waiver of any obligat~on hereun~er or of the oblipetion ae- tured hereby shai~ at any time thereafter be held to be a wa~ver of the terms hereof or of the instrument secureo he+by. 11. In sdd;tie.~ to the foregc'ng rncntn;y payn~~~n!s of princ pal and interest requ~red by the prom ssory no!e secured hereby, mortgagor covenants ard agrees to pay ro it~ortgayee with each ~r~:unth:y payr.~ent an adcLrionai sum es!:.rated b~ martya~ee to be equal to 1; 12 of the annuai cost of the fol:ow- irg: A---AII real property taxes lev~ed or assessed ay~i•st rh~ .i;ove ~esvibed real es!atee. S-Pren;i~rns en fire and wir,dztorm ~nsurarce as i~ere~n req~;red to be carried on the ;mrroveme~ts srtuate on tt:e above d~itribed premises. C-Premiums on s~ch mortg;ge guaranty insura~~ce as murtgagee shall from t n•.e ro time deem fit to carry on the loan sec~red hereby. J~lortgagee shail from rime to time norify mcrtgag~r ~n wrir~ng of the amco~t dve ar.d payable hereunder and such sum sha!! thcrcupon be due and Fayable on the e'~e da+e of rhe nezt month:y p:3y~.~ent and each succesvve mc~th tFereaft~r ur.tii mortgagee shall notify mortgagor of a char.ge in svch amount. Such sums s`~a'.i be app!ied by mortgagee rov+ard tM~~ payr•:ent of real p~eperty t~xes, insurance prem;ums, a~,id mortgage guaranty insurante premiums. IN WITNE55 'd~HEREOF, ihe said MORTGAriC;R has h~re~~nto set h~s hand and seai the day and year first aforesaid. Signed Se end deli ere e presence of: ~ ~~S.~~t (5eal) (Seal) ~ ~ - - (Seal) - - (Seap SiATE OF FLORIDA ` '.~;r: F 55. COUNTY OF ~ I Before me personaliy appeared a p~--'T?~ and ^ p+~~,r i r n~;+^ n his wife, to me well kno•.vn and known to me ~o be the individva~a descr;bed in and who executed the foregoing instrumenr, and acknowledgAd before me that they executed the SamF for the purposes there;n expressed. And the said- _C ?_''-m- E' T' T;i,r,y] wife of the said _-_.r~~~_ ~ , upon a separate and private exam~nation oy me taken separate and apart from her said husband, acknow~edged to ard before me that she executed sald instrumem freely and volun- rariiy and without any compulsion, constraint, apprehension,~ fear of or from her said husband. WITNESS my hand ar.d officiai seal this_~.- day of ?T~' Y'F-'~hPT' A. D. 19 F'~ ~.t~~~t:t~tt,~,, ~ ~LdaMSC~~C~d~G/ ~ ~ !r Noia~ ~ Publi n and for the St~te of florida at Large ~~~~`~~~'~~~~~~~vQ''~' ~ILED ~'ECORDED My Cammis on expirei: 'o : a~,,,~~~ To~•. ~ ~ ~K 'rirst ~Fi e ~C~Sa g~ arf ' ~ ~~~4~ " ~ O ~ ~':C`ary P~i~?'C. St?t4 or F!o~ d~1 ~t larg~ s~ ~I~iai,iation O i~~ . b, lyi~~ ° C~ > ~~or~ "p~~$.- - ~ r~„i:,~,,:.~r~ 5ur~ty :;u. ot L`i, Y, ' ~ort PicY+hew iiorida ~ . ~ ~''',`pr~ ~ ~ 22 G~~ • 3 i7 B~t„~ 65 t.~~ i ~ J~ ~ `r~ . <<'''•. ~i ( ) i ~ r~ ,i ~ ~(/1~ M~ ~ ~ . ~ ; , l~ C~ fZ K .J . , p C ,y'.; ~ I~1~r'L~;~~. . F:Vr;I. ~i'±J'~~.rJ~~ii I l. ••r~a,` ~ . ~7. ~ ~ - ~~aR~Ur, ~ _ ~ - ~ . P... - . ' ' - • .1~ ~ ti ii k . "zw~s` : BOOK _ 338 _ ~ ~ ~ . ; .