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3. Ta plecs ~nd continuoutly keep on the buildings now or herrafter ~itu~te on said ~and and on atl equ~pment •nd penonslly cowrsd by thia mortp~
~y~, with •II Nremi~rm thereon ps~d in full, fire ~n:uronca in thn usual ~tandard policy form, in ~ ium epprov~d by the MORTGAGEE, ~~d windstorm
insuranc~ in thc usuai tr~nda~d pol~cy form, in s•~m spproved by tha MORTGAGEE, in tuch company or compan~es s~ tfie MORTGAGEE may
dirxt; and all fire and wind~iorm insuronte policiei on any ef ~aid build~nqs, any intarest therein or part thersof, in ths ~yg~egate sum aforeNid w
In sxcess thereof, ~hsll contain the us~el standard mongsyea claufe or •uch other cisuse aa the Mortqag~e may require, making the los~ under said po"~
ciss, ~ech snd every, payable to s~id MORTGAGEE as iu interest mey appe~r, •nd e~th and avery iuth policy sh1+11 be promptly ~is:gncd end delivered ~a
•ny held by ~oid MORTGAGEE ~s further security to sa~d mor~yaqe debt, and, not lesa thsn ten (10) days in sdva~ce of the expiration of each polky, to de-
liver to said MORIGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and Ihere shall be no fire or windarorm insur~nce
plectd on any nf said building~, any inte~ett fherein w p~~t thareof, unless in the form'and wi+h th~ los• peyeble as aforesaid; and in ths event any sum
of mon~y becomes payable vnder ~uch policy or pol~cies said MORTGAGEE shall have the aption to receive and apply the seme on account o1 the indebted-
ness secursd hereby or to permit ~aid MOitTG~4GORS to reteive end uee it or any part thereof ior othc~ ourposzs, without fhereb~ waiving or impair
infl any equity, lien w riyht undcr w by virtue of thi• mortg~ge; and in the avent said MORTGAGORS shall for any reason fail to keep the said prsmitei so
insured, or fail fo deliver promptly any of said policies of inivrance to seid A+10RTGAGEE, or iail promptly to pay fully any premium therefor or in any
respect feil to parform, discharga, execute, effiect, comp~ets, comply with and abide by thi~ covenam, or eny part hereof, aaid MORTGAGEE may place and
pay for iuch iniuranc~ or sny part thereof without walviny or •ffeetinfl any option, litn, puity, or right under nr by virtue of thii Mortgaqe, and the
full amourst of esch ~nd every such payment fhali be immedistely du~ and peyabte and shall besr interest from the date the~eof until paid sl the rate ol
nine per centum per annurn and together with auch interest shall be secured by th~ lien of this morigsge.
4. To permit, tommit or suffer no waste, impairment or deterioration of said property or any parl ihereof.
5. to pay all and •ingulsr the Icusb, charget •nd expenses, incfudiny a reasonsble ettornay's fee and coita of abstratts of litle, inturred or paid at
eny time by said MORTGAGEE, becaust or in the event of the failure on the psrt of 11~e said MORTGAGOR to duly, promptly and fully perform, discharge.
executa, effeu, compteta, comply with and sb~de by eath and every tha stipulations, egrceme~ts, conditiona, and covenants of ia~d promissory note and th~~
mortgeQe ariy or eithrr, and sa~d costs, charges and expenses, each and every, •hsll br immediately due end peyeblv; whether or not there be notice de-
mand, sttempt ta collect or tuit pending; and the full amount of each and e~ery ~~ch payment •hall bear interest from the date thereof until paid at the
rate of n;ne per centum per amium; and all ~aid costs, charges and ezpenses ~ncurred or paid, together with such intereit, shall be setured by the lie~ of thi•
mnrtgaye.
6. That (a) in the evant of sny breach of this Mortgage or default on fhe part of the MORTt',AGOR, or (b) in the event any of teid tums of mancy
herein referred to be not promptly and fully paid within thirty (30) daya nexf after the aame severally become due and payabla, without demand or notice,
or (c) in the eve~t eath ansl every the stipulations, agreements, conditions and tovenants of sn~d promissory nate and th~s mortgage any or either are not
~uly, promptly and fully performed, d~scharged, executed, effected, compkted, complied with and abided tiy, then in either or any such event the said ag~
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all money: setured hereby, iha~l become due and pay
able fcrtfiwirh, or thereafter, at the option of said MORTGAGEE, ax fully and completely as ii all of fhe said sums of money were originally ftip~lated
to be pa+d on such day, anything in aald promiasory note or in this Mortgage to the conrrary notwithstanding; and thereupon or thereafter at tha option of
said MCfRTGAGEE, without notice o~ demand, tuit at law or in eq~~ty, therefore or thereafter begun, may be prosecuted es if all moneys secured hereby
had matured prior to its institution.
7. That in The event that at the beginning of or et any time pending any suit up~n this Mortgage, or to forec!ose it, or to reform it, or to enforce
payment of eny claims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereof for the appo~ntment of e Receiver, such Gourt shall
fortF+with appoint a receiver of aaid mortgaged property all and sing~lar, includ~ng all end singular the income, profits, isiues and reven~e~ from whate~er
tovrcr derived, each and every of which, it be~ng expressly undcrstood, is hereby morrgaged as if spec~fically set forth and described in the granting and
habendum cleuses hereof, and such Rexiver shall have aN the broad and effcctive furct~ons and powers in anywise entrusted by a Court to a Receiver, and
such appointment shalf be made by such Court as an admitted equity and a matrer of absolute right to said MORTGAGEE, and wi'hout reference to the
edequacy or inadequaty of the value of the property mortgaged or to the soivency or insolvency of said MORTGAGOk or 9he defendants, and rhat such
rents, profits, income, issues and revrnues shall be applied by such Receiver accordin9 to the Iien or equity of sai~MORTGAGEE and the pracrice of such
Court.
8. To d~ly, prompily and ful!y perform, discharge, execute, effect, complete, comply with end abide by each and every !he stipu!ationa, agreements,
conditions and covenan~s in sa~d promissory note and this mortgaga set forih.
9. That in the cvent the ownership of the mortgaged premises, or any part thereof, becomes ves!ed in a person other then the MORTGAGOR, the
MORTGAGEE, its succe:sors and assigns, may, withou~ notice to the MORTGAOR, deal with suth successo~ o~ successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgagor wlthout in any way vit~ating or discharging the Mortgagora' liability here-
under or upon the debt hereby se:ured. tVo sale of t;,e premises hereb~ mcrtgaged and no forbearonce on the part of the MORTGAGEE ~r its successors
or assigns and no extensien of the time for the pa;ment of the ~ebt hereby secu~ed given by the h1C~RTGAGEE or it: successors or ass;gns, siiall optrate
to rNease, discharge, modify change or affect the orig~nal Iiab~Uty of the MG~RTGAGOR herein, either in whole er in part.
10. It is spedfically agreed that time ia of the easence of this contracr and that no waiver of any ob~iga+Ion hareunder or of the obligation tr
c~red hereby shall at any time thereafter be held to be a waiver of the terme herrof or of the instrument secured herby.
~ 1. In add!tion to the forego:ng monthly payments of princ'ppl and inte~est required by the prom:saory no!e sec~red hereby, mortgagor covenanta
a~d agrees to pay to mortgagee with each momh~y pay~nent an add~rianai sum es!~mared by mortgagee to be eq~al to 1 jl2 of the annual cost of the fol(ow-
ing:
A-All real property taxes levied or assessed agai~st fh~ abovc described real esfate.
B-Premiums on f~re and windsrorm insurance as here~n requ~red to be carried on the ~mprovements s~tuate on the above desc~ibed premises.
C--Premiums on such mortgage guaranty insurance as mortgagee shall from t;me to time deem fis to carry on rhe loan secured hereby.
Mortgagee aha!I from time to time notify mortgagor ;n writing of the amo~nt due and payable hereunder and such sum shall thereupon be due and
payab~e on the d~e date of the ~ext month;y paym.>nt and each successive month thereafter until mertgagee shall notify mortyagor of a change in such
amount. Such sums sha!I be applied by mongagee towa~d the payment of real property taxes, insuran~e prem~ums, and mortgage guaranty insurance
premiums.
IN WITNE55 WHEREOf, the said NORTGAGOR has hereunto :et his hand and seal she day and year first aforasaid. r
_ 'y , Sealed nnd del' red i the presence of: L ~
~~i~', (•~f (Sral)
' Lf..~~`'" (Seal)
_ (5eal}
_ _ (Seal)
STATE Of FLORIDA ~
55.
COUNTY Of ~ n ? ' ~ ~ P I
Before me perionally appeared 1,~ n~*~~~ ~?~f ^ T~^ n~' p, t ~''1 i~ nW 'bTfd
hfs'`Offe, to me well known and known to me to be
the inslividua dexcribed in and who executed the faregoing instrument, and acknowledged before me that t~ ~xecuted tfie same for the purposes
~herein expressed. Rrx! `TFle'sdt~
"Hff~Ot'T41! ~dRt" , ~OTI"'~'~YC~f8r3T~ 3ha ~r14~T~
.~Lmiaesioa .by. ~wi. trk¢n- ?eparaN ~wd-ap~ -4rorw her ~a+d-F~vaband; acicnov~lede~ed -Iv-and- bekxe ttrr ~ftar'sh~^e~tetJTc~d 3~~1SRJTt~lriF f?~19 3rT8'481Jii`
.ea«f~. and-vv:~kow-awy-~cernpvl~iar+rrer»troint- eppre~fier~ivr+-~?-feeraf vr fivm-het~aRtttosban~ .
WITNESS my hand and ~fficial seal this r-'~ ' day of rA °1 A. D. 19_
~ .C_.c~.-- -
! Notary Public in end for the State of Florida et large
My Commission expirea:
Rerurn 70: Notar~ F;.~lic, Stet^ 3i ~.,:;da ~t ~_.ye
First Federal Savingt 3 loan Associat~on RECO~OED My Com~issian Expires N~Y. 3, 1969
oF Fo~f P~erce. Fll.~~ Q D a OOK o,:..~d nY P.mercdn ~~:.~~;,Y
fort Pie~ce, Flerida ~*1 _~'y~"'
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