HomeMy WebLinkAbout0615 3. To place and tontinuo~s!y keep e:i the bu~'d~n~s nc.v ur t~ereaf~er e!..ate on sa ci land ar.d on a!i eq~ipment end personal~y cove~ed by this morrg-
ege, w~ifi all prerni~ms thereon pa d~n full, t~re ~ns„r~:~c~• .n t!,_ ~,r:~! st.+nc' r.f F:o .y form, in a sum ~~.pw.ed by tha MOR•GAGE£, ard windito!m
i~surance in ihe usuat s~and3~d poLcy form, in a sum .3pt;ro.~.! t,y th~ M~7RTGAGEE, in s~~h co~~p3~~y or companies as the MORTGAGEE may
direct; end ail (ire and w~ndstorm inwrance po!Ic,~~s cn any of sa~d bu~id nqs, any interas' rherrin cr ~,a+t thereof, in fhe a99rrga~e w:n aforesaid or
in excess therfof, sF:all ;ontai.^. rhe usv3! star.darrl rr~c~~.;~yee :Iause er such oiher c~avse as the Mort~agae may req~,re, making the ioss under sa;d poli-
cies, each and every, pay~b'e to se~d ~ti10kTG .GEE as ~rs i~,t~•:rst rnay aF;cear, and each a~~d every sv<h po .:y sF~a:l be promptiy ass g~~ed an~l deiivered to
eny held by sa~d MORTGAGEF. as funher s~curity to sa~d «ort~~~e ti~•ur, and, not less ~han ren ;10; d.~ys in c,d:ance of the explratio~i of each pol~cy, to de-
livzr to said MORTGAGEE a renewal Ihereof, together wi!h ~ r~ce pt fo! ~hr pre niu~~~ of such renew:; ; 3nd ~he~e slwll ba no f~re o~ wii ds~o~~n inwran;e
piaeed an any of said buiidings, any interest thereln or F:arr th,~eof, u~'ess in the renn ar.d Y,ith ihe !ess payab'.e as af~resa~d; and 'ui the e.ent any s~m
of money becomes pvyable under such potfcy or pcLcles s.jld ,ti^,OR?G%.GEE shall have !h:e cF~t on ro re:ai~e :,nd app:y rhe san,e on acco~n~ of the ir.dabred~
nesa sec~red hereby oi to perm~t said ,410~CTG.4GO~S ro recr~ve ar:d ~•;e it or 3ny p~rt rh_. ~v~ to- c~n• r purF ~srs, ~:.~i,_,~• ih ~r ~n~~:,i--
ing any equity, lien or right under or by virtue of th;s mc:~gage; a~~d in the event sa d M140RTi,AGORS sha!I for any reason fail to A~~ep the ea~d premis~s so
ins~red, or faii to dei~ver promptly any of said pol~c~zs of insurance to sald h10RTGAGEE, or f,,;! pron;ptiy !o pay fully any p~e~~~~.:m therefor or in any
respatt fail to perform, discharge, e,eecvte, etfect, comp!efe, co^,ply wi~h and ab~de by thi5 cove~~a-it, o~ any pait hereof, s.~~d MGRTG.=+GEE may piace n
pay for such insurance or any part thereoE w~thout waiving or affecting any oNtion, lien, equ~ty, or ri~hr ur,dei or 6y virtue of th~s Mortgage, a~d the
f~ll amo~nt of each and every such payment sha!I b~ iin~nediarely due and payab!e and st,alt bear interrst from the date thereo,' ~nt~l po~d at the rate ot
nine pzr Cenlum pcr ann~rn and to~_•ih~~r ~~i;~ sucli int_ cs! sh.~i: scwred 6y Ihe lien of th~s n'~ortgay~.
4. To permif, commit or suffer no wasre, impa~rrr.en~ or d~•t~•r~or~r;cn of sa~d property or ~ny par; tiicreof.
5. To pay all and sing~:ar the costs, charges and e~nenses, ~ncluding a reasonao!e atlo!n~ ;'s fre and costs of abstracts of tiNe, incuned or pa~d at
eny time by said MORTGAGEE, becavse or in the ever.t cf th_ fa:l~rc on rh~ part o` ~he s: .1 A',~RTG:~GpR to dvly, prompt~y and fuily perform, d+scharge
execute, effect, camplete, compiy w~th and ab de by each and every the st~pu'at~ons, agreen~~~nts, cor.d~r~ons, and covenar,ts of sa~d promissury nete and ihls
mortqege any or either, and said coYS, charges and expens~~s, each an~ every, sha~l be imn,edl;tel~ d;.~~ and payable; whether or nut rhere be r,otice da
mand, attempt to co'lect or suit perd.ng; and thN ful~ an,ount uf e~ch and every s~ct~ p~ymer.i s}:;:~ c_•a~ intcre;t tran the date thereof ~nt~l peid at the
rafe of nire per centwn Nc~r znnu n; and ;u sa~d ccsts, cr.~r~es a~~d ex;:~~,ses ~ncurred vr paid, toyeti~er w,~h such imerest, shall ba sewred by the lien of tni~
morigage.
6. That (a) in the event of any breach of tn~s `~.orrgage or deiauit on tns part of the N.ORTGAGOR, or ;i~) in ihe event any of sa!d sums of money
herein referred to be not promptiy and f~,ly paid ,~~tf~in tn rt~ ~3~~; d?ys ne.~+ a~r~ r!hc s~r~c <__.e~3':y beco~i~ due and payable, witho~t demand or notice,
or (t) in the event each and every tne stip~',~t~ons, a~~eerr.ents, cond~tlons ar.d covenanrs ot sa d pren,lssory note end th s mortgage any or either are nof
~uly, prompriy and f~lly performed, d scharg~~d, exe:ut~~d, effectEd, com~leted, co~np;~ed •::~rh and ac d~~d Sy, then in e!ther or any such event the said ag
gregate sum mentioned in sald prom~ssor~ note then ~e^~a~r:u~g unfa:d, w~th ~ntcresr oc.:ued, a~~d a.: ~roneys secured hereby, shall become due and pay~
able forthwith, or fhereafter, at rhe op!~on of s.~~d ,11GR?G:.GEF, as fuliy a~xi ccmpieie''.~ as ~f a'i ef r!,e s~~d s~ms of money were or~ginati~ stlp~la~ed
To be pad on such dcy, anything in sa.d pro:n;ssory nete or in tn;s ":lortgag~ to the conr.arr not.tiirhs~a~~d;ny; and thereupon or thereafter at the opt~on of
leid MC7RTGAGEE, withe~t not~ce or demand, suit at la•n- or in eq~.~ity, there'ore or thereaiier be3~n, may be prosec~ted as if all moneys secured hereby
nad matured pr~or to ns instrtut~en.
7. That in the evcnt that at the beginn;ng of or at any ti~ne pendi~~.g any su~t upo~~ th~s .h'.c•tqaye, or to fcredose if, or to refo~m it, or to c~force
peyment of any cl,~ims here~r,d~r, said MORiG~,G~E si,a'.I :+,;p!y te ihe Court havirg ~u~:<_:i.ct!c~, ti~,ra~f fer fhz app~~ntment of a Receiver, s~ch Court shail
Forthwith appoint a reteiver of sai~l mortgaged prop;erty a:l a~~d sin~3u;ar, includ.rg and s:~ ar t'~ = incon;e, prof~ts, issues ar,d reveiwes from whatever
worce derived, each a~d every of wh ch, it be~~~,g express'y vnc~rs~ood, is her u~ n•er~go;;_•d as sF _c `~w:ly set forth and described in the granring ar,d
habendum eia~ses hereof, and such Receiver shaii have al! the b~:;ad aod rftec we funct c ~s ar.d F.o~.ers in anyw~se entr~sted by a Court to a Receiver, a~~d
wch appointme~it shall bc maae by wch Covr± as an ad -~i!r~d eqwty ard a r. atter c! auso uta r!ght to sa d MORTGAGEE, and winc~ut refe~ence ro the
adequ3cy or inadeyuacy of rhe va!ue of the properfy mcrrg;ged or to th<_• so,ce~uy er ~rro .~=nc, of ;a,d MORiGAGOR or rhe de'c~~dznts, acd !hat s~ch
rents, profits, income, iss~es cnd rever,ves shali be app;~ed cy sur.h Rece:ver accorti,~~~g ~u the iien or eyoir,r of sa!d MORiGA('iEE and the prau~c~ of s~ch
Court.
E. To d~~!y, prort~pt'y and fui!y periorm, d~scharge, ex.ecutr, ciiecr, o,T,pie?e, cor:,~,~y wi'h and a:,ide by each and eve;y tne stip~lations, agroemenis,
cendltier.s and covenants in sa~d pror±~issory note and !h:s rrortcage s~r forth.
9. That in the event the own_rship of tF:~ mo~!gaged prernlses, r,r any part iF;ereo4, becomes vzs?ed ir. a pciaon other than the MORTGAGGR, the
MORTGAGEc, irs successors and ass:gns, may, w rh;,~r nc• ;e !o t!;_ !,lO~iGP~R, deal ::::n such s~.,ccessor or wccessor in intcrest wirh reference te this
mortgage and the d~bt hereby secvred in tne saT:e n,~~~n_r as w~~n "..,~~~aqo~ vr~fhov~ ;n a~y v-~y vit atir;g o~ d scha~y~nq the 1,1cr.ya~ors' liabi~ity I,ere-
under or upon ihe debt hereb,~ sec~~ed. No sa'a of ,i.e F~e r:s~rs 1.crcb; murrg~~rd a-d ne fc~ueara~ ce en the parr of the ~I+ORTGAGEE or its s.,ccessors
or assigns ard no ex!ersion o' th~ tirr.e for the payn,ent o1 t%:e de~t h, n_!:; sec~re:~ given by the ~~,O~TGrGEE or its s~ccessors or ass:gns, al~ail operate
to releaze, d~scharc~e, modify cha~•ge or affect the cri j~nai ii~b ;,ty of tr~e Al,OniGAGOR f~ere:n, e~th~ r in wFo~: or in pa~t.
10. It is speriically agreed that rime is of th~ eszence cf 'n;s co-~trac! r.r,d lhat ro waiver of any ou~;g~~ion hercunder or of the ob'igation se-
eured hereby shafi at ;ny time thereafrer be i~e;d to bc a.•:,~i:~~; ef the term.s herecf or of the i~sfr~r.:ent se;~~ed herby.
11. In ac~d r.on to th~ te'e~^ n~ ,y.~ .n~s ~r..~ re b~ •i,.~ E,~o." sscry ne' r s::., =c; h. t~;, me•tg3~or tovenants
and agrees io pay to n c•tgagee .ti~th ca,~ _~~h~~ c~, „r a..,; s~ ~_?s ,,.i c_; .,o•~:, ~ec• ~o F;.~ eq~al to 1 i2 of r: ~ an .~a~ ccs! ef •~e fcl:ow-
ing:
A-A!; real propert~ t3x=s lev{.,~ cr ess~scc:i :gi~ s ri da<.. ts'.~...
B Pr~_~n~~~ns on f~~,re a~d ~.dstor~,~ insu . - cd to tc i,.. d c^. ~ r. ,~v:~„~~•s _ o~ >~'.,c.~ a_<c•~~bed prem's_5.
C-Pre~ri~^ s en ...ch . ~'r~r7e 9uar~nty ics~.,r,, ,s jn sh.3:, _ r to t,..._ f;t rG carrr on ~'r,.e ~oon secured hereby.
,ti'orgaoee sh.. f~c,~ r;,•_ ro t:n~e nn•;f; merr~.:3~ ,_.ry of m~ ~ ~r ,.~,:i n;,:~:,~ F;n-~u~,d~. and s:c~ s,: sh3,~ th~~reupon be due a^d
Fsyab!e on th~~ ci~c- a:,~.~ c; rF= ,,,.xt onth , r,~, _ ,:r J:,c~~ s,~: _ r'i.e~•.. . m.~rq~,ve si,a ! no~ fy i-_:or of a char,~< ir wch
ae~.ounr. Su:h SUT1S sFa.i be aep.~ed uy ~ncrg~_ ro:._, J tnc re~, cf r~, ,;•c;:e~r, taxcs. ~ns.;ra,ce c~•_ ~ un•,s, a•d ~nortg3ae g~arant. ir.sura ,:e
premiums.
IN `'?ITNE55 VIHEREOF, the sa~d R50RTG%,v~n h:~s !-~re,.•,~o s=_~ hls F~• d and s~~.;' th^ day and year first aforesa:d.
f
igned, Sea!e and ' ered in rhe presance of: J L
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S7ATE OF FLORIDA ~
, ~ 55.
COU"J7Y 0= ; t_~----~-- p ~
Before me personally appezrec~ - -'~i ' c. T~ c. ';i r~ c~ i p Y,--i - - and
Y. 7, i q 1' ; n n ;.j t, o Y, .
- - his wife, to m~ •r.eii kno.vn a^d knoJm to me to be
the irdividuals described in zr.d who executed th~ foregoing instrument, and acknowiedged before m~e ihat they executed the sa~r-,e fer the p~.;rpos:>s
therein expressed. And the said - - ~ ~ c t i l~ ^ c.1n r
wife of the said T n ~rj ti'~ e n~ n» _ i~r„-,n a separare and priva'e
exarnlnaYon by me ta~cn sep~•ate and aparr frcm her sald husband, atknovvleda^d ro and befere rne that she exc:~t•.d said instr~~r,ent f:ee,y ~nd ~eo!un-
tarily and w~thcut any compulsion, constraint, acprehens:op~~r fear of or from her said husband.
7 L,G n r-.1-~ r t+ F'1
`YITNESS my hand and oific:al seal rhis.- --„~.C--- d"y °f--- - A.. D. i9---
- --~~P:~.t ~ac.L- _
' tJorary P~ in and for the State of Florida at Large
My Cem issian expires:
Return Tp:
fint federal Savings 8 Loart Aas~xlar.ea r, J ~t~k ry! ~!.n''C~n t1t IZr~F
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