HomeMy WebLinkAbout1273 3. 7o place a.^.d continuously keep on the bu~'d~^gs r.o.v or here;ftzr s tuate on ss d land a~d on a: c~~ipment and persona"y covered by this mortg-
agr, with e!I prem~vnri therron pa~d in 1ull, f~:e ins~.,~e:~ce ~n th~ •.~n~ai sianda~d po'~.icy fomi, in a s~~ri a~,prc~:ed b~ fLe PAORiG.-~GEE, an~ windstorm
ins~ron,e in the t~;~al standa~d poLcy form, in a surn ~pF~royed by rhe MORTGAGEE, in euch Company or compan~ts ae the ,ti1LlRTGAGEE mey
direct; and all fire end w,nclsrorm ins~rance po.lc es on any of sa~d b:,~'.d~ngs, any interest therei~ or part thereof, in the aggrrga~e svm aforesaid or
in excess thereof, sh~ll :ontain the usv~t standard morr9agee clause or such other clause as thp Murtgagee may requue, mel~~n~ rhe loss ~nder ~a~d poii-
c~es, each and every, payab'e ro sald ~~10kTGAGEE as ~ts interest mey appear, and each and e~•ery s~ch po!~cy sha;l be prompiiy ass gned e-~d dali~ertd to
any held by said ~ti10Rf;,AG[E as further security to sa~d mortgage clebt, and, net !ess than ien (10} days in td~ance of the expirarion af ea:h pol~ty, ta de-
tiver fo sa~d h1UR1GAGEE a rene~n•al thereol, fogefher wirh a rece~pt for the premium of wch ~enewal; and there Shall be no f~:e oi ~vin~S~Onn ins~rante
placed on any ef sa~d b~~!dings, any interest therein or part thereof, ~n!ess in the form'and with tne loss payau!e as atoresa~d; and in the event any sum
of money 6ecomes payabfe ~rder such policy or po!~des sa;o MORiGAGEE shail have the option to ~ecelve snd app!y the same on account o~ ~he indebred•
ness sec~red hereby or to pe~m~t sa d MORTGAGORS ro receivz and use it oi any p~rt th•~r•:of f;;r ore• r i::~~~ oses, ~:•:fho,:! ~hr~ o; ~3 cr ~.,:p„I~.
in9 ar,y equity, lien or riyht ~nder or by virt~e of th~s mor!gage; cnd in the event sa d MORiGAGORS sha!i for any reason Eail fo kecp the said premise~ so
insured, or fai! to deli:er prornptly any of s~id pol~c:~s of insura~ca to said MpRTGAGEE, or f~l! promptly ro pay fu,.y any pren;iv:n there!or or in a~y
respect fail to perform, dscharge, execute, effect, tomplete, comply wirh and abide by th~s cuvcr~ant, or any part hereof, said MC~TGAGEE may piac? a~cf
pey for wch insur~nce or any part thereaf w~rhout wafving or rffecting any opt;en, lien, equ~~y, or ri^yht under or b~ virtue of rh~s Mortgage, and the
full amo~m of each and e~e~y such payment shall be in~mediate!y due and payable ard shail bear ;nteress from the date thereof unt~l poid an the rate ot
nine per [ent~m per ann~~n ar:J }o3ethcr w~th su[h interest shaii be sec~red by 1he iien of ihh mOrrg~ge.
4. To permi!, commit or suffer no waste, impairment or drterioretion of sa~d property or any gart the~zof.
5. To pay ali and s~ng~la~ the ~cosrs, chargea and exprnses, including a reasonable attorney's fee and casts of rbstracts of title, in:urred or pai~ at
ar.y tim.e by sa~d MORTG.4G`.E, becaus@ or in the event of the fa~iure on the pait uf the said MORTGAGOR to duly, pro~:ptly ar,d f~ily perform, d~sch3rge.
execute, effect, comple!e, corr•,ply w~th a.^.d ab.de by each and every the stip~lat~ons, agreen+vnts, tanditicni, and covenants oi sa~d prom;ssory nofe ard this
mortgage any or either, ar.d sa d costs, charges and expences, each ar.d every, shaN be immed~ately d~e and payable; whether or not th-r~e be not~ce de
mand, attempt to coliett or S~It pend~~g; and fhe f~ll amount of each and every wth payment shaii bea~ imerest from ih~ date thereof unril pa~d at !he
rare oF n~ne per cer.rum per an:,u,n; an~ all s~~d cosu, charg:s and expens~s ~ncurred or pa~d, together w~ih wch interesr, shall be secured by the I~en of !hIs
morrgage.
6. That (ai in the event of any breach of th~s Mortgage or default on th= part of the MORTG/~GOR, or (b) ~n the event any of sa:d SJTS of money
h~ercin referred to be not pr~;npt~y and fu'!y paid wiihin r;7;rty i30) days next after the same several:y become due and payab!e, wi~ho~~t demand or notice,
or (c) in the event each end every the stipulatlons, ag:eements, wnd~;ions and covenants of sa d promissory note and th~s mortgage any or e~iher are not
~uly, promptly and fu!iy performed, d schargtd, executec' e{fected, completed, cornp;:ed with and abided 5y, then in enhe~ or any such ev~nt the sa~d ag
gregate sum mentioned in said promissory notr then remaininy unpaid, with interest accrued, and all moneys secured hereby, shall become d~e ~nd pay
abie foril~~~lrh, or thereafter, at rhe o, !~on of ;a~d h10RTGAGEE, as fully ard complerely as if ali of ?I~e safd sums of money ~nere or~ginetiy sr~pulated
ro be pa:d on svch dcy, anything in sad prom;sso~y note~ or in this hlortgage to the conirary rotni~hsta^ding; and th~•reupon or thereafter at the opt~on of
said MORTGAGEE, w~tho~t no'~ce or demar.d, suit at law or in equ~ty, therefore or tnereafter begun, may be prosecutzd as if ail moneys sewred hereby
had marured pr~or !o ~ts ~nstrt~hon.
7. Ihat in the event thal at the begi~n~ng of or af any time pend~ng aqy s~~t ~pe~ th~s Me:tqaga, or to for«Icse it, or to reform it, or tc enforce
payment of any cia{,rs here~nd_r, said :'.ORTGr+G~E sha;i apoiy to th.~ Court hav~ng i~~r,sci ct.on ther~~of for the appomtrr.em of a Recei•:er, such Co~rt sha~i
forttiwith appoint a rece~ver ~f sa~d mortgaged property a;i and sirgular, inciud ng all a~~d s~~~g~lar the income, prof,is, issues a~~d reve~~ues from wh3te~er
source derived, ea:h and every of whlch, :t be~na express`.y under~tood. Is hera~y r,ongaged as if spec f~caliy set forth and descnbed in the grantin~ and
ha~erdum Cia~ses hereof, and s~ch Receivcr shall have a'~I the b~oad and effec!~~e funct cns and powers in anyw~se entr~sted by a Coo~t ro a Receiver, ond
tuch appcinrmenf sha!: be r.de by such Co.rt as an ad •~ittc•ci eGu~ty and a ma~ter of abso'ute ~:yM ro sa~d MORiGAGEE, and winc~ut reierence to thz
edequecy or inadequacy of t'•e ea've of the p~operty mc~tgege~~ or to ti•,e so.ve~.cy cr ~~-;o:vency of sai~{ f~10RTGAGOR or the defendants, a~~d that s~:h
rerns, profi;s, income, ~ss~~~~s and revenues sh3ii be app~~ed by such Rec:-i+er ac;erdny ro the li~n or eq~ity of sa:d MOR?GAG:E and fhe pract;ce o~ s~ch
Court.
8. To duiy, pr~^iF!iy and fu;'y perinrrn, d~scha~ge, execute, eff~~t, co~np!ete, con~.p'~ •,~I±h and abide by each and eve:y the 5lip~_~:~tien5, aereemenfs,
tonditioni and covenants sa~a promisso•y r.c'e a~':d th:s m~rtgage set torih.
9. Th~t in the eve~t rh~ ovvrersh-p of tne rr~ortgaged prem~ses, cr ar,y part ti,erecf, i~ecovies vested in a person other tha~ the Pl,~^RTGAG02, the
MORTGAGEE, its successcrs ~r~ ass"gns, n 3y, ~•:ii^,o~t ec!!:e to the ,'~;ORTGAOR, deal w~th su:h su:cessor or successor in ;rterest w!th referer.ce to th s
mortgage and !h-r d,bt nere~~y sea~red in the sa:~e manner as w~th ":,~rt~agor wi~~ cut in any way vit.ating or d s;harging the l.te.~rg,go,-s' liab:•tr~ here•
under or upon ~he debi neretry se:~~red. No sa',e ef ~;E-nlses heiebj mc~t9aged zrd no ferbeara~ce on ;he pan of ~nz !~~~,RTGr.GeE er its succe;sors
or assigns and ne exre-s,cr, of rhe rime for th_ pa~menr of tr,e deb! he~eby secwed given by tne ~1'.ORIGAGE't cr iis s~ccessors or assgr,s, a:~ail opecate
fo retease, d:scnarge, modify char.Qe or a(fecr tne o~;g:nal lia~ :~ty of the MORTvAGOR h~ere~n, either ~n who~e or in part.
10. It is scec!f~c~liy aoreed that t~m~ fs of the esse^.ce of this contract and that no waiver of any ob':na? on hereunder or cf tFe ob;igat~on se-
e~red hereby sha',, at any t;me therzafter be reid to be a v.-d~~er cf the terms Fe;eof or of the i-:stru~nent sew-ed hrby.
I1. i~, a;):f to th., je~eg ~_c r E 3y r~s of , ; j 3nd "~.q• rea~ .d i,~ r},~ ~,.o,~ ss~ry rce s-c~red Fe~eb„ n~,orrya7a covenaMs
and agr^_es to ra~ to ~c~+gagee w:~h ~a~n on~h y ~,a;; e~~,r ad,: r anal som ~s~ ~ a, b~ n:o•~yegc., to be eq_~,i .0 1 ~2 oi _ a.,. _:ai cost oi tne foile.v-
ing:
A-:.il rea! ~>rop~:~t~ tsx,,s le;; cr assess_:i ._g; st ti_ a:.~.e desc~;~.;ecJ reai es~ore,
g_F.._~,;~..,s on f~re ~rd ti-ir,dsto-m ~rs~,rar:e as i~are~n r:~y; red to be ca~-;ed r; tn•r . rrove.nenrs s:tva+e on t1::r abeve d=sc.;bed prern;ses.
C-G~e.-niv;r.s an sv:n rrorig;ge gvara^t~ ~rsura~ce as m.argagee sha'! fre~ rr~ r~ t~~,e dc•em f~t tc earry on t~~ toan secured hc~reb~.
tqaaee 5 frc~n t~rne to t~e~e rct f~ mc i, 3.:, n r r,~^g of the a.^o: ^t zrd payab:e heieundar and s,ch 5..•r SFeII ihe~
..~~on due a~:d
Fayab'e on rne a~. c:~~~ o' r~. ~.t mo^ ~ r r- y_ r. d e~,_~ successive , o h~t , f,z}• . ~i' mcr~ya3ee sha!I no• f~ n ~~t-;a~er ef a c',~n3e in s~ch
a~~^,o.~L S~ch su .,s sre.! r.e epr'~~,1 ny n~. t~„_~.e ro:. +•d ~ c;ayn,ent of rc~' ~,ro~:~~ty taxes, ,ns~~ra;ic^ cre:n~.u-~~~,s, a.id n-.;;;tg33e g~~arcnty insurance
p,er•..i.u^~,s.
IN i'.`I7~JE55 V:N:R[Of, the said ~y".ORTG%.GOR h~s hsre~.~^ro set ni<_ hard and s~al the day and year first a'c~es~;d.
~--Frign~d, S4aled and~elive~ed i e presence of: ~ ~ ~
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STA?~ Of FLORiDA
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COU.'~T,Y OF ry-------- ~
Before me personaliy aFFeared . _ ' + ` ~ ~ ~ r-: ~ ' , - ~ . • • ?
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ki~ wife, to me v:el! known and i.~cr:n to me to be
the individua desa:bed in ard v:ne ex;,_~;ed tF.c ferr^yo~rg ir.;trument, and ackr,ow'edged befo;e r,e tha) Ttr~~executed the sa~ne for the purposes
therein expressed. Awci-.tk~-sa~d~_-------
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re,i4~-er.rY-~1hoo°-any eom~,,ts~er,r cc^srra~r, e,;~re!-~mbn; ar of-or framhersai~ Ir~stra:td.
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~'lITNE55 my hand ar.d cificia! seal th s- d3y - A. D. 19 r~--
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Flotary P~4'(~ ;n and fo.* the State of Fie:ida at i.arge
h1y Con•,~^~ ssion expires: j/~ (J
keturn fo: T
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