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HomeMy WebLinkAbout0860 3. To plece anti tontinuQusty keep on the bui!dinge now or hareafter sit~ate on seid land and on all cquiyment snd penonally covered by thi~ morty ps, with all premiuma thereon paid in F~II, fire i~~surence in the ~s~al standard policy form, in • svm approved by Ihe MOR~GAGEE, and windttorm im~rance in the usual ~iandard poGcy form, in e s~m appro~ed by the MORTGAGEE, in such company or tompanier as the MORTGAGEE may dircd; and all fire and winds!orm iniuronce pol~c~a= on any of aa+d buitd~ngs, any interest therein or pert thereof, in the aggreflate ~um afosesaid or in exces~ thereof, fhall contain the usual srandard mo:tgagee clauee or such o~her tlause es the Mo~tgagee may require, makinq the Ioss under sa~d po~'r cies, each and every, peyabie ro seid MORTGAGEE as ~in imerest may appear, and each and every such poiicy ~hall be promptly a~a gned and delivered ~o •ny held by said MORTGAGEE as turther security to aaid mortgage debt, and, not !ess tha~ ten (10) days in advance of thz ezpiration ot each poi~cy, to da livei to taid MORTGAGEE e renewal tfiereof, togeiher w~th a receipt for the premium of such re~:ewal; and there shal~ be no f~re or windstorm insu~ance plated an any of seid buildings, any interest Iherein or part thereof, unless in the fo~m and w+th the ~oss payable ai aforesaid; and in the eve~t any sum of monay becomes peyabte under such policy or policies said MORTGAGEE shall have rhe option to receive and apply the tame on account of tha indebted• ne~s sewred hereby or to permit aaid MORTGAGORS to receive and use it or any part thereof tor o~h~~r purposes, ~v:rhout the~eb~ waiving or ~mpe+r- ing any ~quity, lien or righl under or by virtue of this mo:`gage; and in the event sa~d MORTGAGORS shall for any reason fail to keep the aaid premisea so inaured, ot fail to deliver promptly any of said policie~ of insurance to said MORiGAGEE, or fail promptly to pay fully any pre~ni~m therefor ar i~ a~y respect faii to perform, di~charge, execute, effect, complete, cornply wirh and abide by th~s covenant, or any part hereof, said MORTGAGEE may place and pay tar tu~h in~urance or any parl thereof without waiving or affeeting any option, lien, equity, or ric~ht under or by virtue oF this Mo~tgage, and the full emount of eath and every such peyment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rote oi nine per centum per annum and to~ether with such inre~rst shali be sacur~d by the lien of this martgage. 4. To permit, commit or suffer no waste, impairment or deter~oration of said propcrty or any part thereof. S. To pay all and sing~lar the costs, cnarge~ er.d expenses, ~ncluding a reasonable attorney's iee and costs of abstracta of title, incurred or paid at eny time Ey said MORTGAGEE, because or in the event of the iailure on the part of ihe said MORTGAGOR ?o duly, p~omptly and fully perfnrm, discharge. sxecute, effett, complete, comply with and ab:de by each ar.d every the stipulat~ons, agreemants, cond~tione, and tovenants ot said promissory note and thi~ mortgaqe any or eirher, and ea~d cosrs, chargea and expenses, each and every, shall be immad~ately d~e and payable; whether or not rhere be r:otite d~ mand, attempt to tollect or a~it pending; and the full amount of each and every such payment sF,a;l bea~ in!erest from the date tFereof until paid at the ro'e oF nine per centum per annum; and all said costs, charges and expenses irx~rred or paid, rogether ~v~th such iMerest, ahaU be securtd by the lien of this mortgape. 6. Thet (a) in the event of any breach of this Mnrtgage or default on the par of the MORiGAGOR, or (b) in the event eny of ~aid sume of money heroin r~fesred to be not prompfly and fully paid with;n th,rty 130; days nex± afrer the iame severa!ly becomc due and payable, without demand or notite, or (c) In the event each and every the stipulztions, agreements, cond~tions and covenants of sa,d pron.issory note and th~s mor;gage eny or e~ther are no7 ~uly, promptly and f~lly ~erformed, discharged, exec~ted, effected, completed, compl~ed with and ab~ded `~y, then in either or any tuch event the said ag~ qregate wm mentioned in said promissory note then remaining ~npa~d, with interest accrued, and aif mtneys secured hereby, ~hall become due and pay~ able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and complete!y as ii all of the said aorru of money were originally sfipulated to be paid on such day, anything in sa;d promissory note or in this Mortgage to the tontrary notw~thstanding; and thereupon or thereafter at the opt~on of teid MORTGACiEE, without notice or demand, au~t at la~v or in equ~ty, therefora or thereafter begun, may be prosecuted ss if all moneys tecured hereby had marured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any s~it upon th~s Mortgage, or to foreclose it, or to reform it, or to enforte payment of any daims hereunder, aaid MORTGAGEE shall apply to the Ccurt having iur~sd,c~+on thcreof for the appo~ntment of a ~2eceiver, such Court shall forthwith appoint a receiver of sai~ mortgaged property all and s~nguler, includ~ng ail and singuiar the income, p~of~ts, is~ues and rever.ues from whatever so~rce derived, each and every of wh~ch, it being express!y undersfood, is hereoy morrgaged as if spec~fically set forth and described i~ the granting and habrndum clautes hereof, and auch Receiver shall have all the broad ar~d effecrive funct~on: and poweia in anyw~se entrusted by a Court tp a Receiver, and tuch appointment shall be made by such Court as an admitted eq~ity and a matter of absol~te right to said MORTGAGEE, ar.d witho~t referencs ro the edequaty or inadequaty of the value of the property m.ortgaged or to the so.vency er insolvency of sald MORTGAGOR or the defendanti, and that such rents, profits, income, iswes and revenues shall be app~ied by such Receiver accord~rg io the lien or equity of sa;d MORTGAGEE and the practice of such Court. 8. To duly, p;omptly and fully perform, discharge, exec~te, effett, complete, comply with and abide 6y each and every the stipulations, agrezment~, c~nditions end covenanrs in said promissory eote and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part tnereof, becomes vested in a perton other ihan the MCRTGAGOR, the MdRTGAGEE, its wccessors and assigns, may, withov; nofice to the h10RTGAOR, deai with wch succassor or wccessor in interest with reference to this mortgege and th.e debt hereby secured in the sarr~e manner as w~th Mortgagor wl?hou~ in any way vit~atirg or d~schaiging the Mortgagors' liability here- under or upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearar.ce on the part of !he MORTGAGEE or its successors or ataigns and no exrension of the time fci the payment of the debt h~reby secured given by the MORTGAGEE or its successors or assigna, shall operate to release, d;scharge, modify change or affect the orig~na~ liab~llry of the MORTGAGOR hereln, either in wnole or in part. 10. It is specifirally agreed that time is of the essence of th~s contract and that no waive~ of ar.y obligat~on hereunder or of tha obligation se- eured htreby shall at any time rhereafter be held to be a waiYer of the terme hereof or of the instrument secured herby. 11. In add,tion to ihe forego'ng mcmh!y pay~^nt; ef prinCpaf and inr~rest requ~.ed by the prom sscry nc'e secured hereby, mortgagor tovenants and agraes to pay to mor?gagee with each montniy pay:.~e~;t ar. add~rlor.al sum es!i•~:ated by morfgagee to be equai to i, 12 uf the annual cost of the follow- ing: A-AU real property taxes ~ev~_a or assessed a;3~ ~s~ ~hc above des:ribcd rea! estatc. 3--Prem~ums on fire and windstorm ~nsurarce as n~~re~n reryu~red to be ca~r~cd cn the ;m;;roveme~ts s~tvate on the above d~scribed premises. C-Premiun-s en s~ch mortg:ge g~aranty ies~rar,ce as mo~tgagee shall fron~. r r;,e to time deem flt to carry on the loan secured hereby. Mortgagee shail from tlme to time nctify merrgagor in wr,t~r.g of tne arrou^.? doe and payable hereund~r and such suoi shall thereupon be due and payable on the doe date of the ~~ext r~~on!h:y pay~ren~ and each successrve T~o~~th tt~e!e3it~r ur.r~l mcrigagee shall notify mortgagor of n ciiarge in su;h amount. Such sums sFall be app~ied by mortgagee tor:ard the payrnent uf real properry !axes, insurance prem:ums, and mortga~e guaranty insura~~ce premiums. !N WITNE55 'NHEREOF, the said MORTGAGCR ha: h^revnto set h~s hand ar.d seal the day and e irst afo.esaid. S~ e, Sea an eliv ed ' the presence of: ~ ~Gv ~7 ~ ~Seel) Qr / -(Seel) ~ _ _ (Seeij _ _ (Saai) 57ATE OF fLpRIDA ~ SS. COUDITY OF ~ iTl~ ~ i a _ ( Before me personally appeared "_~-Y'~ ° ~ + ~ ~ ~ fl~~ •T ~ ~ ~°T1 _ his wife, to me well known and known to ma to be th_ individ~als dascribed in a~d who execvted the foregoing instrument, and acknowledged before me that they executed the same for the purpases ~~n .^-.rit, l 1 a!3 therein cxpressed. And the said- ~ - - wife of the said T''~F'' Q~, ~"'n _ , upon a separate and private eramination by me taken separate and apart from her said husban, acknowledged to and before me that she executed said instrument freely and volu~- tarily and without any compulxion, constraint, apprehention, or r of or from her said husband. ~ WITNE55 my hand and official seal this_._-_`-~~ _ day o4 ~~'~~--s-~z~t-+~CQ~ , A. D. 19~J~I - ~ C,/ ~ ~ ~ ' - ~~~rc7~" Notary P~blic ~n and for the State of Florida at large My Commission expires: Return To: ~j0~3fY PUbIIC, State a1 Florida at larqe first Federal Savings 8 Loan Asscciat~on p RD ~ D ~',~y ~Cii~'i11i510[! ~Xp1f25 ~`:OY. 3, i969 :v Arer'can ~rr La:u~~ Of forT P;etCe. 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