HomeMy WebLinkAbout0654 3. To place and continuous!y keep en t~:c b..~ ~:~~s ro-.~ or t~ere~+rer s+;,a~e en sa~:i la~d and on a!I equ~p~r.ent and personaRy cavered by this morrg-
ege, with eil premivms thereon p~ d in full, t~re r~s..~.~ :~i ~i,:• vs~.;3; Y.:~n~ ~'J po' iy form, in a sum .3~;proved by the MOR:'"vAGEE, and windstorrn
ins~rance in the ~s+,al ~tands~d po! cy form, in a w n :+F; ro.ed l~~ tFt~~ MJRTGAGEE, ln su:h cc^,pany or co~nparfes as the MOkTGAGEE ~n~y
direU; end ail fire and wlndstcim insurancc po:~:;c•s on sny of s:~~d bu~ d,ngs, any interesr therem or part ihereof, in the aggreyare w~n eforesaid or
in excess thereof, shall con±ain the usual S~J~1Cj31CI n;or•_; :;ee r:.;~se or sv:h other tfa~se as ~t,~ Mor,gager may requ.re, making the ioss u~~d~~r sa;d po~~-
cies, each and every, palab!e ro said h\JRTGAGEE as lis ini_r,st ~nay appcar, end ea;h ard e~ery s~~ch F,~ .cy shall be prompry ass ,y~~zd and de~~~•ered ro
sny held by said ~'vlORTGAGFE as furnc~r sewrity ro ss~d ort;:a5e c~i;i, a~:d, no! less than te,i ~li~` di;s adv~~~ce ef :he exp~~s+~on of each pof~cy, to da-
live~ fo said ~MORTGAGEE a renewal thereof, togethar witn a r~~,e~.~~-t for thc• prr~nium of s~~~cF ~enrw~'; a~id fhere shall be no Lre or wlndstorm inwranCe
p~aeed on any of sa:d bui!dings, any inrerest there:n or part i'r~areo' u~'ess ~n the for~n acd v.~!h ~hz ~oss payab!e ~s aEcresa~d; a~d in rhe eve~~t any sum
of money 6ecomes payabie ~nder si.~h poliCy or po'~cies sai~ ~'OkTG :GEt s~~ail ha~e th< opt:on tn rece~vr ~nd app:y the san~e on acco~nt of the indelted
ness sec~~red hereby or ro perm~t said MORTC~AGOR~ to rece~ve ar~.d use it or any p~rr ti:~_~r of r:.- o,n r ~.u~f~s~•s, v.,~r~~,+ ;h_•~.:>; :..~•.~`j e~ ~,,F,-".
iny any eqvity, lien or r.ght und-rr or by virtve of th~s rr,cr.9aye; a~~,d in the event sad hiORTGAC•ORS sh~l! fo,- any rc~son fai! to k~~ep ~he sa~d premises so
insvred, or fail io deliver promptly any of s~id {~oi~cies of ~r.surance ro sa'd i.102TGAGEE, or i.;,l prcir.ptly to pay fu:iy any pr,:-,:i~m therefor or in a~~y
respect feil to perform, d~sch;rge, execvte, effect, con~~!ere, ca;~p.y w~~h and a6~de by th~s cov~~~~~nt, or any parr hereof, said h1GRi;,AGiE may piaca a• o
pay for such insurance or any part thereof w~thout waiving or affe;ting any option, iien, eq~,ty, or n~l:t ~ndar or by virtue of th~s hlortgage, and the
full amo~nt of each and every such payrneM shall 6e irnmediately due and payab:e and shai! bear interest (ro~n the date theriof ~nt~l p.;id at the rate o!
nine per tent~ni per ann~m vnd tog~~~n~•r ~.,hh sucF~ in!er_sr sha,~ sec:rcd by t}re lie:i of th~s mortgage.
A. To petmil, Commit o~ svffer no wasfe, i.npa~rmant or deteriora'~on ~i said property or any pari ~heraof.
5. To pay all and singular tne costs, charoes ard experses, ~rcl~d~~~g a reasonab'e at!orn.~;'s fee and costs of absrracts of t~t!e, i~cur.ed or pa~d at
any time by said MGRTGAG.E, because w in thc event of the fa,lure on the part of the sa~d P.1~RTG?GOR to duly, pro•~~ptly and F~IIy perforrr., d~scharge.
exec~te, effect, complete, comply wnh and ab de by ea~n and every the snpu.at~ons, agree^:ont;, wad,t,ur.s, and covenan~s of sa,d pro:n~ssory note a~•d ~h~s
mortyage any or e~ihe~, and za'd costs, charges and erpens~s, each and every, shaii be im~„ed~:~r_!; d:e and payaula; v~hc•ther or no~ rhere be nor~ce d_
mand, atte~»pt to coliect or svit per,d!ng; and the fu;l imc~nt ef ca<h and e+cry wch p3j'71~`nt sF,, . t::~a~ irr~,-est from the date thereuf untii paid at the
rate o~ nine uer centum par annun; end oil so~d ~osrs, ci:argas a:~d ~x::er.ses incurred or paid, tcgeth~~r ~v,th such ir.terest, shail be sec~red by ihe iien of th~~
rnortgafle.
6. That (a) in the event of any breach of rhis .Mortgaye or defa~lr on th~ part of tf:c h10RTG>G~R, or ;b) ~n th> event ar.y oF sa d s~ms of mcney
herein referred to be not prcr.,pNy ard t~ily pa!d ~•:~u: i th r,y ,3~i d3,s ner:t a•r,• tt;e s:,^ e s_.era",r beco,:e d~e and payab!e. w;~f,ou~ demar.d or netice,
or (c) in the eveni each and eve~y the stip~:~tions, agreernents, co^.d 'ie^s and covenan!s of sa d pron,isscry note and th s mor~~age any oi either are not
july, promptly and fu.ly performed, d scharg;d; exewrcd. effected, c^,~:(~lete,,, contpf!ed .v~tn and ab :icd 5y, then in enh?r o~ any such event fhe said ag
gregatz sum memioned in said promissory note then ren.a~ning ~r.pa~d, wlth inrer~;r acu.;rd, and a,i me~eys sec~red hereby, shall brcome due and pay
abie forthwi~h, or therea~te~, at the cp!~on ci s~~d i~10~TGr~.G~E, as fuL'y a^d cemp!e~e:y es ii a i of th~• s.~~d sums of money were or:ginaily st~pu~ated
to be ptid on such doy, anyth~ng in sa d pro 7'. sscry note cr ir. this f..ortgag~~ to tne corrrary nct:. ~thsta ~d~.iy; cnd ihere~pon or therenfter at the opt~o~: of
seid MORTGAGEE, w~tho~t ne!~ce or demand, s~lt at ~an• or iri equ~t,a, theraiore o! thereafrer bcgun, may be prosec~ted as if a!) moneys sec~red hereby
had matured pr~or to ~ts inst~tu!:on.
7. That in the event tha? at the beginning ef or at any ti;,,e p~~ndi~~g any w~t vpon rl~is Mc•rgage, or !o foredose it, or to reform it, or to enforce
payment Of ~ny Ci;~ms hereunder, sa~d h'.OR?G:.G~E sF~a ! ~~~Y!y to thr Coort hav~~~g ~ur~sci.r.'.cn tf~,rrcf fer the appo:ntment of a Receiver, such Co~rt shaii
Forthwith appo~r.t a r~ceiver of s,~~~ mortgaged property ali ond vn~u:ar, inc;~d.ng a,i a-~.d s~.:~~.o'ar t',°~.e feco+ne, prof~ts, iss~~es ar.d revenues from whate~er
se~rce deri•red, each and every of r:h ch, ~r 6eing express'y ~ndvrs~c~d, is Fer~_b; m,er+q::_;~•d as ~r s~:_: f~cally set ferth and desuibed in the granting and
habendum eiavses hereof, ar.d wch Rece~~er sha ~ have a!; ~he t~~cad a~ d e'r~cr~~r funcc c s a~.d po:.ers in anyw~se errrus+ed by a Cowt to a Receiver, and
~~ch appointment shail be mr.de by such Co~r! as ar. aci ~i~tt~d eGuity and a r.atter cf ai:,olute r ghi to said MORTGAGEE, and wnhcut reference to the
edeq~acy nr inadeGuar~ of the vai~e cf the {;~OF~erty rr.erfg~;g=d or to ri~e s~ cen:y cr .~r.,cy o( sa:d nnCqrG.aGOR or the oefe~+da~ts, and rhaf wch
ren!s, p~ofrts, income, issues and revenues sha~l be app;~ed i;y su:h Rec~~v•~r aaorci.~•.g ro tF.'r i~en or equity of said h102TGAGEE and the practite of such
Co u rt.
8. To du'y, promn!'y and fuliy perforrn, d~scharye, exec~~te, effFct, completr, cor.:~:~; •+,~~n and ab~de by each and every the sti~ulations, agreernents,
conditions and covenams ,n sa:d promissory nctc ar.d fh s rr.:rigay: s~~r forrh.
9. Tha1 in ihe event the ewr.ership of th~ n~ortgaged F:rem~s~~s, c~ a~~y part t6creo', Lcc^~~es vested in a person other than the h10RTGAGOR, the
N10RTGAGEE, its SUKE550~3 and ass;gns, m;y, w!'Fout ccr:-e to ! OFZTG<•pR, dea' x~~h s~:n successo~ or wccesscr in ~nrerest wlrh reference tc tF.is
mo~rgage and the debt he.eby sc:ured in tite sai.^e :n;nnrr as v:,rh ;.~,r~ga3o~ :r,rhovt in ~ny v,o; v;r;ating or d scharg ng the 6lcrtgagcrs' !iability here-
under or upon the debt here;~y sccur~~d. No sa~.e cf ±!~,e ~:r•,-: ~s~~s ~~._reb~ ~:~.crtqzy:-d ard no fcr~-~cara=,te en the F:art ef rhe 1110R1;;r+G~E or i1s successors
or etsigns and no extension of the t;rne for rhe ;:aym.er~t o' thc ci -ur 1.^•_i y sec~red o~~~~n by 'i~e :'OR?GAGEF or ~'s successors or ass gr.s, a~7aVl operate
to reiease, d~scnarge, mcd;fy cnange cr af(ect the crg~r.al ;I~~~. ,t~ of tne h',CnIG.AGOR 6ere,n, eith~r In whele cr in pa~r.
10. It is sceufica~iy ~greed that ti•ne is of tl~.~ csser:e ~f th:s cc~~tracr ~nd that no waioer cf any obi gat~cn hereurdcr ot of the ob!ic~ation se-
e~red hereby sha;i ar any tin:e th=reafter be h_Id to l;e a v:.:~~_r ef r~,; rer~-,s hercof or of ihc I,sir~r~nf secured he~by.
11. In :.~d r e,'o nc~ fo~e^,c c.,,.l, y p:,,^ rd _..s~ e;~ r~c:R, ss~r~ nc~e s:_,red F,._.b~, n-,o•tgs~~. covenams
and ag,ees to pay, to ,.o-'~a~e~: h~th ~acF, r,,~,~h ~ ~s~, , zn s_ ~z ,~}d r~ i.,~,.•~.y,:. to !,c~ e.;~~! ro i i2 oi •~.sn,;,~al cost of th,, fo~ler:-
ing:
A-1~iI If~L rrCn,.'1~ 13.x~.5 ~C:i_: O' d55~~.,.~.1 '.'S' G~•_.. i., e. i_.
6--P. _n ,,s c~~ fre ae:i ~.dsro „ i^s~•~~r:e „ r , d to c~ ~ _ e~~s ~ cn ti. ~ a^o.:: d~• t;_d prem~ses.
C-Pre~n;o~s o~~ ~~:h n., ~:re ~uar~..•y ~ ~3;,e s:,s; ar;. 'r tc ca•ry on t'r,e ~:;n sec.,•c:i he;eb~.
h"o~tgaaee s~ rc-„ tl to + _ , ' ,r , , . c~ rh_ „ , ~ d _ .i ya:. _ h~•~„n:~ a~~d s,~i s . ~ ,;p;on be doe a^d
~a.ab!e on tn~ d.. , o• n~xr o~~~r , , s.. sz'.e r_ ~h ,fr ~~;:toa~. _ sh„ . re„f~ n,, _ cf~a ch3rge in s~~.h
an ount. Such sums sF~ i b~ ap~ „d ny m.r,= y,~:e ~c:. ~ra E., _ r cf r~a c.•.:;:e~~; ~s. i~s~.r>-_~ pre:~ s, a,d n~,orty~ge g~aranry irsu ar.:e
prerri~~ms.
IN \"JITNESS 'r"+H=RcOF, tF;e sald 1'd~OrTGAG~F: i•as 6.. h.s h~: d a^:3 s__. d:~ f znd y ar~ ~afor ~ai
Sign Sea:ed and delivec in ih presen=e of: ,~y~
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STATF OF FLCRiDA ' ,
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COU~dTY OF - - ~
Before me perso~ally aPFeared - L--~- -____r and
"~~~..~±~_`.L._-___.__ h~s w~fe, to me well k,r:own ar.d km~r:n to me to oe
the individuals descr~~ed in and ~nho exec~ted tt?e foregoing in;trument, and ackr.owledyed before me that they executed the sa~ne for the aUf~O5E3
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Ihere~n expressed. Ar,d the s=id__-__--_-__---___ --__~_i___--_ - ~
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wife of the seid . .{•7;. ~„'r~ r~,. i-nr~ -
. upor a sepa~ate and prrva!e
exarn'nv+;on by me taken seoarate and aoart {;cn FEr s3~d h,,sband, actincv;:edged ro and beforv m: tnaf she ezec ~d said irstr~:nent {reeiy ar.d vo:un-
far~ly and wiihcut ar.y compv'sion, censtr~ir.t, appreher.s an, or fear of or from her said husband.
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YJITP~ESS my hanrj and official v~al !his-- da~ of_ T'~-~-'~"'-~"? A. D. 19~_
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~ N~tzry pu`,' c in ;:nd for thc $tete of Ficrida al Large
h1y Ccmrn;ssion expires: ,
Return 7c: {J D~D ~'i0:%''/ PllO~i'. ;!t ~i~~.~7.
First Federal Savings 8 Loan Assc:~at:on t.,~C)+ ~C' f~~K ±~i,.j ~~rr,n;~;;ii;; frr;i23 ItOd. J, ~'~~1
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