HomeMy WebLinkAbout1064 3. To p~are and co~tu,voc,sl~ keep o~ ti,r t,, :i • gs r.o.v cr hereafte~ s~rvatt cn srci !ard ard on a!' eq~~;,^~ent ard pereor.ai!y ca.ered by ~his mort~~
ege, w;th eil prem~~~rq thereon pa d~n iu!I, i~re ~.s,,~a .,e ,n ih; ~s.:a~ s~end~ri uo cy form, in a s.,:n aNpro~ed by tne .ti10R?vAvEE, e~d v.~~dster~n
insvrance in the usual standard po! cy form, in a surn appio.ed b~ the MCRTGAGEE, in wch co~npeny or cumpan;es as the h10R1GAGFE may
direct; and all f~rt and w;ndstcrm ir,wrance pe:~c,es en any of sa~d b~ild ngs, any ~nrerest therein or part thereof, in tha aggregate sum eforesa~d or
in excens rh,^reof, sha~l coMain tht uwal srardard m~r!gager c~avie or s~ch ather cla~se as ihe Me~tgagee may requ~re, maf~ing t~e loss ~nder sa:d poii-
cies, eacfi and every, payab'e to sa~d ti!ORIGAGEE as .rs ~marest ~na{ epprar, a^d each and eve~y s~ch po ~cy shall be p~ompT~y au gned anc~ de.~verrd ro
any hetd by aaid MORTGAGEE as Furrher secunty ro sa~d irortgage debt, and, not le3s than ten (10) days ad~ance of ihe explrat~on of each po,~cy, to de-
liver to sa~d MORTGAGEE a renewai ti~ereof, toge~her wi!h a rece~pt for the premium of s~ch renewal; a::d rhere shall be no f:re or w;ndsto•m inwrance
pleced on any of naid bui!dings, any imerest there~n or pe:~ rherecf, un!ess in ihe fo~m'and w~+h the Iess payab!e as aforesa~d; ar.d in the even~ any s~m
of money becomes payabte ~~nder such policy or pol~~ies sa~d MORTGAGEE shalt have rhe opt~on to rece~ve ~nd app'.y ihe iame on accoont o7 the indeb!ed-
ness secv~ed hereby er ro permit ea~d MORIGAGORS tu ~rceive a~d u~e it or ar.y parr the:eof icr e~h•:r ;;urcoses, ~;.ih~~:r th~~~o; ~v;;~i~3 or :,,,o::„-
ing any eq~~ty, lien or right under or by virtue of this mo::gage; and in ihe event sa d MORTGAGORS sh3!I for any reason fail ro keep the sa~d premises so
insured, ar fjil ia deliver p~amptly any of said pol~cies of ins~~rence to sa~d MORTGAGEE, or fa:.' promotiy tv pay t~lly any prem;um thercfor or in anv
respett fail ~o perfocm, diathargp, eaecute, tffeCt, complete, comply wifh and abide by th~s covenant, o~ any part h2reof, said h1ORTto.1GEE may p~ace a~o
pay for svch innurance or any part thereof wrthout wafving or affecting any opnon, lien, eq~lry, or righ! ur,der or by virtue of rh~s Marrgage, and rht
f~N amo~,nt of tach and every such paymem shall be immed~ateiy due ar.d payable and shail bear interest from the date thereoi until paid N the rate ol
nine per centum per annum and to~ether ~ith such inte:esr shai! be sac.,red by the lien of this mortgage.
4. To permit, ~ommit or suffer no waste, impairment or deter;oration of sa~d property or any part thereof.
5. To pay all and sing~lar thr.costa, charges a~d expenses, ~ncl~d~ng a reasonable attorney's fee and cosrs of absrracts of t;t!e, in~~rred or pa;d jr
any iirce by said MOR7GAGEE, betausE or in the event of the fa~!u~e on the part of the said MORTGAGOR !o duly, promprly and fuliy pzrform, d~schsrge
exec~te, effect, comptete, comply w~th and ab:de by each ard every rhe stip~~iat.ons, ogreements, conditians, and covenar~ts of sa;d pron,fssory note a~,.d ~h~s
morrgage any or either, and sald cosrs, charges and expe»ses, each and every, shall be immediately due and payable; ~vhether or not rhere be no~~c? d~
mand, attempt to collect or svit pend~ng; and the Eull amount of each and every svch payment shail bea~ interesr from the date thereof ~ntil paid at tr:~
rate oi nlne per centum per dnnu:n; and all said cos~s, charges and expenses inc~rred or paid, togerher w~rh wch ~nterest, shall be secured by the lien of lh;~
mortgage.
6. That (a) in the event of an; breach of thls Mor.gage or deiault on the part of the MORTGAG^vR, or (b; in ~he event any of sa:d wms of money
herein ref~rred to be not promptiy and fully paid w~rhin th:rty (30) dayz nex~ afrer tfie san,~ sevc~a'iy be.o~ne due ar,d payable, w~rhout demand or notice,
or ;c? ~n the eve~t ea;h and every the stipu~ations, agreemems, condieions and tovenants of sa:d promissory note and tn~s morfgage any o~ e~ther are not
~~ly, promptly and fuliy performed, d:scharged, exec~ted, effetted, tompleted, compl!ed w~th and ablded 5y, then in erther or any wch event the aa~d ag
gregate s~m mentioned in sa~d promi;sory note tnen rema~ning unpaid, with interest acuued, arfd all moneys secured hereby, shall become d~e and pay
able fo~thwith, or ihereafter, at the opt~on c,f sald MORTGAGEE, as fully and completely as if ali of ti~e sa;d wms of money were or~ginally st:pu~ated
b be pa:d on such day, anything :n sa.d prom ssory ne!e or in tfiis Mortgage to the conrrary notw~fh5fand~ng; and thereupon or thereafter at rhe op!~on of
said MOR?GAG:'c, w~thout no'~ce or demand, wit at !aw or in equity, therefore or thereafter t~egun, may be prosecuted as if ali moneys secured hereby
had rnatured p~iot ro its inst~tut~on.
7. Tfiat in the event that at the beginning of or at any t~n.e pend~ng any surt upo~ thls Mortgage, or to fnredose it, or ;o refo~m it, or to enforce
paymeni of any ciafms hereunder, said :'rJRTGAGEE shali a;.p!y to the Coort having ju~.;d.t'~on thereo't for the appo,ntment of a Receiver, s~ch Court sh;;l
forttiwith appoint a receiver of said mortgaged propert~ all ard singu!ar, inciud.ng a;l and s~nyvla~ tt~e ir.ceme, prof~ts, issues and revenues from whatever
source derfved, each ar.d every of wh;ch, ir being expressly undersrooa, is he:eby mongaged as if spe:~ficaily set forth and described in the granring ard
habendum da~ses hzreof, ar.d such Receiver sh~!i have ail !ne broad and eifec!ive funU.ens and powers in anyw~se enrrusted by a Co~rt to a Reteiver, and
euch appointment shall be made by s~ch Co~~rt as an adn;;te~ eGuity a:d a r-~a!~er of absoiu!e ~~ght to said MORTGAGE', and wirhour referer.ce to the
ed=qvarr or i~adeq~~acy of the vai~e of the property mortgaged o: te the so,vency er Insow~ncy of sa~d MORiGAGOR o~ the defcndar.ts, and that such
r~n?s, profits, income, issves and rever.ues shall be applied by such Rec~iver accord,~:g to the lien or equity of sa:d MOFiGAGEE and the practice oi s~ch
Court.
8. To du!y, promptly and fu!~y perform, d~scharge, exec~~w, eifect, co~npiete, compiy v,~th and ablde by each and e~ery the stipu'ations, aoreements,
conditicn3 ~no covenants in ca~d promissory no~e and th;s mertgag~ set ferih.
9. That in th~ event the owne~sh;p of tfie mcr;gaaed prem~ses, ~r any part thereo', becomes ve3ted in a person other th~n the h50RTG.4G02, the
tv?ORiGAGEE, its suttessors and ass~gns, may, wirhout ror~ce tc the 'J!ORTuFOR, deal WIif1 s~ch suaesser or s~ccessor in :rteres~ with ~eference to th~s
mortgage and the debt hereby secured in rhe same m3nner ds wiSh Morrgagor without in any ~,yay vi±.atin~ or d~schar~ing tne Mor!gagors' iiaoility nere-
~nder or upcn the debt hereby sec~red. No sa'e of t>>e Fren•:~ses hereby rnortgaged acd no forbearan~e on rhe part of tn~ 1.10R7vAvEi or irs s~aesscrs
or assigns and no extension of the tim~ for the paymem of the debt h~~eby sec~red given by the Y,ORTGAGEE or its successors or dsslgns, ,ha;i opera;e
lo reiease, d~scharge, modify change er affect the or~g~nal lia~ nt~ of the MORTGAGCR herein, either in vrho{e or in part.
10. It is soeclfitaiiy agreed rhat t~me is of ;he essence of this contract and that no weiver of any obl~qat~on hereunder or o! !he oDi+gation se-
c~red hereby sha!i at any t~me thereafter be he!d to be a w~iver of the terrt•,s hereo! or of the instrument sec~red herby.
11_ In add ron •o t'r.e forego n~ rr.on'hly paym_nis of p~inc pol and inr;.r.,s! re~ulred 'oy the prc.~*~ sscry ro~e se-:,~ed ha•eb;, mo~rg~gc.~ covenan!s
ard a^y:ces ro p~y tc r*~o--!gapee ,n~~h ea;h r.~.cn!^,!y Fa;''~•"? ar. ad~:riona! su•n es• ~;•ed b~ mo;ty,3ge~= ra be eqoai re t i2 ~f rl;e ar,~,o;;; ~csr o~ tfie fo:io,v-
in~:
A-Ail reai properrr tax:s lened or assess~~ti zy;~~•s' trc acove des~~ibcd real es}a'e.
B-Fren•. •~ns on fire and v.-Icdsto~~n ir,sorzrce as here~n reqv red 'o be carr~~d e~ the ;~~rov~.ne-~ts s'tuate on th~ above d_sc^bed premises.
C-Piemiums en such mortgage guar~r,ry irsu~a~ce es mo~rga- ~ sha~; frr_T te-e +o t:me deem f;t to car,y e~ the loan s_^cured hereby.
h'origage? sha;l from t~~ne ro rn-e no~;'; mc~r.;~gor !n wr~s~ngV of the am.o~..~~f d~,:e ar.d payab!e herevnder and soch wm shs!I rh~~;ev,:cn be due aod
rayaol? on tne due da!e ot the +ie:t n-,onth:~ pa~~~~r: ,t a•,d ~~ch s~ccess~ve ~*'on:h 1Fereafr;r ~cr;'. mcriqagee sha!~ not.fy mortgaqer ef a chan~e in r~:h
ar^e~nt. S~ch 5urrs s~,a;i be app'ied by morigagee to:,ard ti,e pa,r,e^t ef rea: properry taxes, insvra:~ce pren:;ums, a~d morfgage guarar,ty [rs„rar,:a
premiums.
IN JITNE55 ~"JHEREOF, the said !~1^RTGnGCP, has }~.^r~u~rc; set h~s hznd and seai the dt.y and y firs) afor9sa~l.
ed, 5ealed a
d. ejl.+e~red_ in the presence of: ~a-~~x ~
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L S"'~ / lL-~/,~''a~/y' _(Seal)
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STATE OF FLORtCA i
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COUNTY Or ~t ~ irL2C_18 _ ~ 5~
Before me penonally appezred Le4~ iE__ ~OI'CjOI'] ~:8 E9 19Z$rj knoi,rn 8a Leslie ~ordan H8ti'~ SpC~
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T ~ - his wife, to me weN kno~nn and kncwn to me to be
the individvais described in ar.d ~vho exe:u!ed rhe foregoing inst~ument, and acknowledged before me that they exewted the same for the purposes
therein expressed. And ~he sa~d~ Loui 9 e H8~8 9
wife ct tne ~a~d Le s 1 ie Gordon H~ e S 8 I.S O known 8~ Le s I ie Gordar. N8 j`e ~Por. a separate ard priva1e
~_~~__~.W ~
exam?narun by me taken :eparate ard apa~t frc~ her :aid f~~usband, a[knoJ;'edg=d ro and before me that sFe execvted said instrurn>nt ireely ar,d va!un•
tanly and w~tho~t any compu:sion, co^st.3;m, apprehers:o/n, or fear o` or from he husband.
1NIitiESS my hand ar.d off~c~a? seai th;s____~_?'~± day of cember , A. D. 19_~[
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J Notar~ P~~b!i~ in and for th~ State ct Florida at Large
~ My Ccmm~ss,cn expires: ~ 4 Z~ ;~r
R~t~m To: ~
First Fe~eral Sevings 2S Loa~~ Assoc„?:ori rj~j~~ y ~
E r R D E U srtirE o4i~~ ~r
df Fct P rce !~}R
Fc,t P:e~.e, r-.~~.i~ F' ~ ~[E};~1t^F~ ~~~COT-- -r 0 0 K ~Y LU ~~::~i~(~ ~+P1Rt$ !1f'R. 24• 196p
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. ST. ~~LOR DA~~~TY,
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