The URL can be used to link to this page

Home My WebLink About1019 3. To p!ace and cont~n~ously keep on the t,~.:~'d~ngs naw or hereahef ?:tuate on sa~d ~and and on a'~ eq.,ipment and personaily tovtrtd by ihit mortg- sge, wlrh ell prem~vMS ihereon pad ~n fu:l, f~re ~^s„~a~ce in rhe ~suai Standaid po,icy form, `n a wm appro~ed by ti~r M:~R`,_~GEE, ar.d w.~dstorm inf~ronce in the us~~al standard pol,cy form, ir, a w~n apF"o~ea by the MORTGAGE[, in s~ch company or tompan~es as the MORiGAGEE may d~rett; and all (ire and w~ndiiorm inwrance po ~c~es on any cf sa~d build',ngs, any interest therein or part thereof, in rhe aggregate xum aforesaid o~ In extess thereof, shall co~tain the ~sual standard inor+gagae clause or such ofher c~ause as the Mortgayee may req~~re, maling thr loss ~ndrr sa~d po~i- c~es, each and every, payab!e to sa~d MORTGAGEE as ~ts Inrerrst may eppear, and each end every s~ch po~,lcy shall he promptly ess yned and de!ivered To any held 'uy said MORTGAGEE as further secu~ity ro said mortgage deot, and, not !ess than ten (10) days in advance ef the ezpirat~on of each pol~cy, ro dr liva to said MORTGAGEE a renewal thereof, together with a re.e~pt for tfiz premium of such renewal; and thero shall ba no fire or winds!o~m insurance placed on eny of na~d bvildings, any interest there~n or pan theeeof, uniess in rhe form'and with the loss pay~ble as aforesaid; and ~n the event any wm of money becomes payabte ~nder such poiicy or pol~cies 3aid MORiGAGEE shall have the opt~on to receive and apply the same on acco~nt o~ the indebted• ness secured he~eby or ro permit said MORivAGORS to receive and use it or any part thereof fcr o'he~ pur,oses, v::~ho~~ thr~ro; wa~~~,~~ oi ~~~~pa;~• ing any equ~ty, lien or ri9ht under or by virt.? of th~s mortgage; and in the event sald MORTGAGORS shall for any reason fail to keep the said prem~ses so inwred, or fail to deliver promptly any of sa~d pol!c~es of insu~ance ro sald MORIGAGEE, or fa~l prornptly to pay fully any D!Zi»~u~n therefw or in a~y ro~pect fail to perform, discharge, execute, effect, complete, compfy wirh and abide by rh~s covenanr, or any part he+eof, said MORTG,4GEE may place a~~cf pay for such inwranca or any part thereof without ~nalving or affecting a~y option, lien, equity, or rfght unde~ or by virtue of ~h~s Mortgage, and the full amount of eech a~d e~ery such payment shall be immediatety due and payable and sfiall bear interest from the date thereof until pa~d at the rate ot nine per cent~m per anr~um and tu~ether with such inrerest sha~i be szcured by the lien of this mortgage. 4. To permit, tommit or suffer no waste, irnpai~ment or deterioration of sa~d properTy or any part thereof. 5. To pay al~ an~ sing~lar the ~costs, charges aed expc,~ses, ~n4uding a reasonable attomey's fee and costs of abstracts of title, incurred or paid at any time by ssid MORTvAG:E, beca~s! or in the event of the fo~lure on 1he part of ;hr said MOR?GAGOR to duly, promptly and f~ily pe~form, d~scharge, execute, effeu, complete, c~mply with and ab;de by each and every thc stipulat~ons, agreements, condit+ona, and covenants of sa~d prom~ssory note and rhls mortgage any or e~rher, and sald cosrs, cha~ges and expenses, each and every, shall be immed~ately due and payable; wherher or not ihere be r.otlce de mand, attempt to collect or suit pend~ng; and the full amount uf each and every such paymeM shall bear interest from the date thereoi until paid at the rate of nine oer cent~m per annu~; and al~ said costs, charges and expenses inwrred ar paid, togather wdh such interest, shall be setured by the lien of this mortgage. 6. Thar (a) in the e.ent of eny breach of thfy Mortgage or defau!r on the part of the M,ORIGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not promptiy and fully paid wirh~n th!rty (30) days next affer the sarne severally become due and payable, w~thout demend or notice, or (c) in the evenT each and every the stipu:ations, agreements, cond~tions and ;ovenams of sa d promissory note and th~s mortgage any or e~~her are not 9uly, promptly and fully performed, d~scFarged, exec~ted. effecred, completed, compi~ed with and abided Sy, ihen in either or any such evenf the sa~d a~• gregate wm mentioned in said promissory note then remaining unpaid, ~.vith inte~est aarued, and ail moneys sec~red hereby, shall become due and pay- ebie forth.~,•~th, or thereafter, at the option of safd MORTGAGEE, as fuily and tomplete~y as if ail of the said svms of money were originally st~pulated to be pa~d on such day, anything in sa:d promissory note or in ihis Mortgage to the contrary notwithstanding; and rhere~pon or thereaher at the cption of said MOR7GAGEE, without not~ce or demand, suit at law or i~ equ~ty, tnerefare or thereafter 5egun, may be prosecuted as if ell meneys eecured hereby nad matvred pr~or to its insi~tution. 7. That in the event that at thn beginn~ng of or at any t~me pending any wit upon this Mortgage, or to foredose it, or to reform it, or to enforce payment of any claims hereunder, said MOR?GAGEE shail apply to the Court having j~nsd~ci~on ihereot for the appo~ntment of a Receiver, such Court shail forifiwith appoirrt a reteive~ of said mortgaged property ali and singular, includ~ng all ar,d sinoular the intome, profits, issues ar;ci reven~es !rom whafever source derived, each and every of which, i~ be~r.g express':y unders~ood, is hereby mor~gaged as if spec~lically set forth and described in the granring and habendum cla~ses hereof, and such Receiver shal; have all the br~ad and effect~ve funct,ons and powers in anywrse entrusred by a Covrt to a Receiver, and s~.,ch appo~ntment shail be made by such Court as an admitted equity and a metter o{ absoiute right to said MORTGAGEE, ~~~d withcut refe:ence to the edequacy or inadeqvacy of thz va!~e of 1he property mortgaged or ro the so.vency o~ inso!venty o( said MORiGAGOR or the defendants, and that such ren±s, oroflts, income, issues and revenues shall be a~plied by such Receiver accordn-~q io the lien or equity of seid MOP.TGAGEE and the practice of such Court. S. To du~y, promptly and fu!~y perform, discharge, exec~te, efEect, complete, ccmp~y wirh and at~de by each and every the stipulations, agreernents, conditi~ns and covenanrs m sa~d promissory no!e and th;s mortgage set forth. 9. That in the event the ownersh~p of the mor!gaged premises, cr any pa:t there,f, 6ecomes vested in a person other than the MORtGAGdR, the MORTGAGEE, its successors and ass~gr.s, may~ `N11FOJ1 nerice to the A!03TGAOR, deai w~th such successor or wccessor in intere:t witn re(ere:xe to this mo~tyage and !he deb~ he~eby secur2d in the sam•, manner as with Mortgagor wrthoW in any way vitlating or d.stharoing the l~lcrtgayors' Iiao:Uty here• under or upon the debt hereby secured. No sale of the prern~ses hereby mortgaged ar.d no forbearance on ihe part of the /AORTCii,GEE or its successors or assigns and no eatension ef ihe ti:ne for the payment of the debt hereby secured ~iven by Ihe lN,ORTGAGEE or its successor! or ass:gns, ai~all operate ro re~ease, d:scharge, modiiy chan~e or affect the originai liaoli~ty of the MORTGAGOR here~n, either in whole or in part. 10. It is specifically aareed that t~m~ is of !he essence of th~s tonrract a~d that no wa~ver of any obliganon hereunder or of the obligat~on se- c~red hereby shall at an~ time thereafter be he!d to be a waiver of ttie terrr~s hereof or of the instrument sec~.ed heiby. ! 1. In add tion !o tF.e fore9o ng momh'y payn,_~nts cf F;rinc pd~ and in!~~res' requ~red by the p~om ssory no~e sec~red hereb~~, mortg3go; covenan!s ar.d agr~•es to pay to rmo-tga~e~ w:th each r,onthly parr,ent an add uonal sum es~ n ated b~ rr:ortgagee to be eq~al to 1 12 of 'hr annva; cest of ;he fo!;cw- ing: A-Ail real rrope~ty tattes lev~ed or nr,essed aga~^st th~ ahove descr~~cd rea~ estate. B-Pr~miums on fire and tivinds?orm ~rsurzrce as he'e~n req~ red tc be carrir~ cn ?he :m~rove~*+eots s;tuate on th,~ abovr. d~scrib=d p:emises. C-Premiums on such morrgage guaranty ir.sv~erce as mcr?gagee shail from r rne to tirwe deer~ fit to carry on the loan sec~red hereby. Mortg3gee s~a~ from r~me to tin;e notif~ rc~ongagor ~n vn~t;ng of the a~ou~t d~e and payable hereunder and suth sum shali thereupon be d~e ar.d ~ayab'e on tne due da±e of the rext mor,th:y paym+nt and each su:cess~ve n~o•~'h thereaft~r ~~ctil mcrtga~ee sha•.I notify mortgager of a ciiange in s~ch d^'~GU~11. JJCI1 s~ms shaii be app!ied by mortgag>e fov.~ard tk~e payment of reai prcpersy raxes, insurance prem;u.ms, a~id mor±gage guarar,ty insurance prerei~ms. I'J WITNE55 '.ti'H.REOF, the said MORTGAGOR has hereunro zer his hard and seal the day and year first aforesaid. ~ % / 5igned, S~aled e~n ~elivered in the presence of: ~ ( ~ ~G'f 1'c t f~'> r~t"rz./- - - - ~ ~ yj~*c.~--- _____(5eai) ~ ~ _ / ~ ~N.G~1b?"j'1.1 (Sealj _ _ (Seal) ~J - (Seai) 57.4TE GF FLORIDA ~ S5. COUNTY OF _~~_~I~~~r._~~ , I Before me personally appeared _ _ ~%A~ V12'1 elU~]I150i1 _ _ and n~='iq ~Lhn9on _ his wife, to me well knewn aec knr,wn to me to be fhe ind~viduais described in and Y;ho exec~ted the foregoirg instrument, and acknowledged before me that they executed the same fer th~ p~rposes there~n expressed. And the said__ ~OP~$ aTUt1T180T1 , w;fe ot the said ~~~~~`~~n upon a eeparate end prr•ate examinatbn by me taken separate and apar, from her sald husband, acknov.-ledged to and befere me that she execvted said inst~umei~t frea'y and volun• tariiy and without any COTPU~SIOf~~ con3traint, apFrchens:on, or fear ef or from her sai~ husband. December A. p. 196~_ WITNESS my hand and official seal ihis__ day oi__~ ( ~ ~ {t : C~'!.~ -z, i /*Jl. - Nctary P• Ifc ~n and for the State of Florida at large h1y Comm~ssion expires: P.eturn To: First federal Saving~ 8 Loan P.ss~:'„~.on y z : x ~ Oi F:.rI Pe c~. CO~~p . , ~a ~D ~ ~ O ~ ~,sJ c.s~ iC~c~ a. s- v~ r ~~oif P~~~, ~,~~:~d ~'ll-~~CtCSa~ ~~~1 _ K . . ~ , - ~ o ~ ; t'rr~ , , _ ~ , ; yy . , _ b,-~ . ,~5 ~~r 6 ~~~1 I~ - _ ~ .o J~ ~ : ~ ; - . ~ ~ i ~ 4 . C i~ERK ' : : - . ~ Y R~..:~~~ ~~1~ ~OUN~f , ~ _ . , SZ . ~ pRID1~ : . ~L , ti R . ' %r"~ 6~Qk~~~ • ~,V~~ 7~.i'~