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Home My WebLink About0348 To place and cohtinutwsiy keep on the bui!dinge now or hereaffer ~ituate on seid isnd snd c+~ ?11 eq~ipmeM and penonelly cover~d by this marfq- ~qs, with sll premium~ thereon paid in full, fire insurance ~n the usuat s~andard po~icy form, in ~ sum approvtd by the MORTGAGEE, •nd wind~rorm inwrance in the uwal standard pc~licy form, in a sum approved by the M~RTGAGEE, in 'such company or tompanilf as th• MORTGAGEE mey direct; and all fire and windstorm insurance policies o~ ary of said buildings, sny interest therein or part thereof, in the sggrcgare ~um aforefaid o~ tn exce~~ thereof, shall contain the usual standard morrgagee clauae or such other clause as the Mortgagte may rcqu~re, mekin,~ tha loxs undei u+d po~r cies, each and every, payabie to said MORTGAGEE as ~ta interest may appear, end each and pvC~y SUf~1 POIiC~/ shall be promptly asa gned and dellve•ed ro ~~y held by said MORIGAGEE as further eecurity to ~eid m7rtgage debt, and, not le:s than ten (10) days in advance of Ihe expiration of each policy, to dr liver to said MORTGAGEE s r~newal thereoi, togerhsr w~~h a rece~pt for the premium of such renewal; and there shail be no f~re or windstorm insurence plated on any of said bvildings, any interest th<rein or part thereof, unlesi in ~he fo~m and with the loss payable aa aforesaid; and in the event any sum of money becomet payeble under such policy or poi~cies said MORTGAGEE shall have rhe option to receive and app!y the same on acco~nt of the indebted- net~ secured hereby or to perm~t said MORTGAGORS ro receive and use it or any part thercof tor onc~r purposes, ~r:~ihout th~«bi waiv+„g or unPa~~' iny any equity, lien or right under or by virtue of this mor`gage; and in ihc event aa~d MORTGAGORS sl~all for any reason fail to keep the sa~d premises so inaured, or fai) to deliver promptly a~y of said palic;es of ina~rance ro sa~d MOR7GAGEE, or fa~l promptly to pay tully any pre~nium therefor or in any respect fsil to perform, d~scharge, execute, effect, complete, comply wirh end abide by this covenant, or any part hereoi, said MOR7GAGEE may p~ace and pay for such inaurance or any part thereof withou? waiving or affactinp any aption, lien, equity, or right under or by virtue of this Mortqaqe, and rhe f~ll amount of each and every such payment shail be immediately due and p~yable ar.d ahall bear intereel from ths date thereot until paid at the rate of nine per cenrum pe~ annum and to~ether with such inter~s~ shaii be setured by the lien of this mortgage. 4. To permit, wmmit or suffer no waste, impairment or deterioration of aaid property or any part thereof. 5. ?o pay all and singufar the costs, chnrges and expenses, including a reasonable attorney's fee and costs of abstracts of titie, incurred or pa~d a1 e~y time by said MORTGAGEE, because or in the event of the failure on ihe part of the said MO~'TGAGdR to dvly, prompNy and fully perforrn, diatharge. executa, effecL tomplete, tomply wrth and ab~de by each and every the atip~lations, agreements, conditions, and covenants of said promissory note and this martgage any or eirher, and said costs, cha~ges and expenses, each and every, shall be immediat~iy due and payable; whether or not there be no~ice de mand, ettempt b collect or wit pend~ng; and the full ~mount of each and every auch payment shali bear interest from the date therecf until paid at the rate of nine per centum per an~~um; and all said ccsts, cha:ges and expenses incurred or paid, together w~th nuch interest, shall be secured by the lien of ihi~ mortflsge. 6. That (e) in the event of any breach of ihis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said svma of money herein referred ro be not promptly and iully paid wlrh~n ~h,rty ~30; days nex~ after rhe same severa"ly c,ecome due and payable, without demand or notice, or (c) in ihe event each and every the sripulations, agreements, condirions and covenants of sa.d promisso~y note and th~s mortgage any or either are not ~uly, promptly and f~liy perforrned, d:scharged, exec~~ed, effected, completed, compi~ed with and ab;ded 5y, then i~ either or any such event the said ag• gregate aum mentioned in said promi;sory note then remaining unpaid, w~th interest accrued, and all money~ secured hereby, thall becorne due end pay abie forfhwith, or thereafter, at the opt~on of sa~d h10RiGAGEE, as fully and completely as if all of the said sums of money were originafly st~pulated fo be pa~d on such day, anything in sa,d promissory note or in th~s Mortgage to the comrary notw~thstanding; and Ihereupon or thereafter at the optipn of seid MORTGAGEE, wi?hout norice or demand, suit at law or in equ~ty, therefore or thereafter begun, may be pro~ecuted u if ail moneys secured hereby had matured pnoc ro its institution. 7. That in the event ihat at 1he beyinn~ng of or at any time pending any sui! upon this Mortgage, or to foredose it, or to reform it, or to enforce payment of any daims hereu~ider, seid MORTGAGEE shail app!y to the Court having jurisdiction ihereof for the appointment of a Receiver, such Court shail Forihwi!h appoint a receivet of sai~ mortgaged property ail and singuiar, inc;ud~ng all and singular the income, profits, isi~es and revenues from whatever tource derivad, each and every of •,vh~ch, it be~ng express!y undersrood, is hereby mortgaged a, if spec~ficaliy se1 forrh and described in the granting and habendum tlavses hereof, and svch Receiver shall have all tne broad and e~fective funu~ons and powers in anywise entrusted by a Cou~t tq a Receiver, and wch appointment shall be made by s~ch Court as an admi~r~c+ equity and a matter of absolute nght to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortyage~! or to the so~vency or inzolvency of said MOitIGAGOR or the defendants, and Ihat such renta, profits, income, issues and rever.ues shall be app~~ed by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Caurt. B. To duly, prompt!y and fully perform, discharge, execute, effecf, complete, comply with and abide by each and every the atipulations, agreemants, condit~ons and covenants in sa~d promissory note and tnii mortgaye set for~h. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vesied in a person other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without r.ot;ce to the h',QRTGAOR, deal with such s~ccessor or wccessor in interest with reference to ifiis martgage and the deb! hereby secwed in the same manner as w~th Mo~rgagor w~thout in any way vitiating or d~scharging the ~Jlertgagors' ~iability here- under or upon rhe debt hereby sec~red. No sale of the pre-,,~ses h~:reby mortgaged and ~o forbearante on the pzn of the MORTGAGEE or its successors or assigns and no ent~nsion of the thne for the payment of th~e debt hereby sec~red given by the MORTGAGEE or its tuccessors or assigns, aiiall operate ro releasa, discharge, modify change er affect the origlnal liao;i~ry of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaily agreed that !ime is of the essence of !his contraa and that no waiver of any obligarion here~nder or of the ob!igation se- cured hereb~ ahall at any t3me rhereafter be he!d tc br a waiver of the terms hereof or oj the instrumem secured herby. i l. in atid~t;o? to the fore,~c month!y p~yn•,~n!s of FuI;,_ pal and interes! required by the prom,ssory no!e sec~ied hereby, mortgagor eovenants ar,d agrees to pay to n~,ortyayee ~n;th eacF r•:an!hiy pa~r:ent an ad:.':rionai s~m est~n~ated by mortgagee to be eyual ro 1;'12 of the annual cost ef the follow- ing: A-A!I real Froperty taxas lev~~~~ or assess_d ag~i•,sr th_ a6ove descri~ed r,al es'ate. B--P;~n;i~m5 on f~~e and vi~nds!am irs~rarce as ir-rc:n requ:red to be carr~e~d o~~ the iry.;:roveme~ts s~ruate on the above d~scribed premises. C-Premiuns on such mortgsqe gvaran!y fns~rar,ce as mo~tgagee shalf frorr. Yme to t:me deem f~t !o carry on the ioan setured hereby. hlortorgee s~a l!rcm r~n•,e ro t~~~e rroelfy me~t,;gc~ ~n wr~t~ng of the amou~t due and payable hereundar and such sum shaii thereupon be due anci Fayab!e on tha due eiate of ihe next n•~enthly pay rent and each success~ve month thereaf~ar ~ntil mcrtgagee shall notify mortgagor of a change in such amouM. Such svms sh.aii be appiied by morigaGee tov:ara t't:e payrrer! of real property taxzs, i~surante prem:Ums, and mortgage guaronty insurance prem~ums. IN \"JITNE55 `.VHEREOF, the sa~d MCRTGAGOR has h~reunto set his hand and seal the day and year first aforesaid. S' n d, Seal d and deliverey(, in the presencc of: ' 1 .L ic~.~G~~-~. ~C~',z~~-z.~ (5ee1) (See1) V____ - (Seal) / - (Seal) ~~STATE Of FLORlDA ~ SS. COUNTY OF ~`A~ Tli". T:~J_^_~ _ I Before me personally appeared --_?'ri ~ m`% uU''~ Q~'"~'"1 ~ .1 W i~OW eno` _ _ _ hPs'~dlfe, to me well known and known to me to be the ~ndividuel described in and who executed the foregoing instrument, and ackr,owledged before me tha9 f~7~~xecuted the same for the purposes therein expresssd. A~ri+raeid ~ - v~ife rsf-TF~e~-eei~ -Jpd}f'd`~l8At1~'b11d'Qrrimte' araet:wri„r?..try-+r~eaa4en-sepere~~en~ epeM hcr7r}rerseid fiasbartt~ etltrttfvetEd~E~ ~b~'nd~~72f1~l~e~ri~'TVT8~sli~cfR~JTc~d"Sdid'ifisRdfifErA~Ti~~~V6RJrf•' ro~~1c~JW1i~i,Fir.j.'ecs+njn~sr'or*evns'ira'1~.=+eppr~ei+s~cm,=cm~e~r=tr~~r~~omT~rTaftl'fiDStseftd. ~~'~,~-1 .J' T ti.~~~ ~ WITNE55 my hand and cff~dai seal thls_ ~ day of-h n~lf'm~?~3Z' ~ ~~/~..D•i~.rt_ ti ~ ~ ~ _r1~I1 ~ - Notary"Public in and for the State of~'F{ori~e a~,LargA' d:~ ~ My Commission expires: : ~ l.l ~ ~ w)~~~ ~ a r- J / Retum To: i ~ E~ F HOfB ~K , First Federa) $avinys a Loan As~o~~! ~ V~Q~ ry . Stste of florida ~t lsrpe ~ Ci'~ _1 . • ~ ~ or ~o~r . ~~,I'~~ - }A~ Csmrris_ion Expires Sept. 23, 1969 ~f;~.°' ' ' ' . o ~ / M~c~a Am~~;r~n iir~ S Ciswlty fo. ~f~~~.•..+•~ For? P,ia,ure, Florida y . ~r^,1~ 'Z7 ~1~ i i . ~3 ' . 1.(~I ~\•~;~C:~ , \t' 9~~ ~','r ~ ~A ~ t`y~ ' ~ ~ ~ t) - . ~ ~;t_~FhK j. ~ . F,~;c = J;~' ~~1~:TY, ~ . ! y.~ ~ ~ ~ ~LORIDN , • , • : ~ a~~K 1~3~. 34~ ~ 6~