HomeMy WebLinkAbout1275 3. To ptace end continvo~siy keep on the bu~':l~~gs now or hereafrer snuete en s~~d ~and ar.d o? a" rqu~p~~,ent ar,d personally covered by th~s mortg~
ege, W~th all premlv~'.ri !hereon F,a d~r f~~'I, f~re ir.s..r„^ce ;n ti'i~ us~.~a~ s!a~~~:1e~d po4cy (orm, ;n a 5..-.~~ ~~,prcred b~ !t~~ ;MiJR":,=.GEE, and windstorm
insurenCe in ihz ~~S~al standard po:.Cy forrn, in a su,~n dF;pro~.ed !ha h10RTG~GEE, in Sv:h tpr.~.pjny Gr te~rpan;es as +ne ,~tORTGAGEE R}ay
direct; and a~l fire a~,d w,ndst~rm ins~rar.~e po:~ues cn ,~ny oi sa:d b~i:d.nys, any irrerest thereln or pait thereof, in ihe aggr~ga~e s~m aforesaid or
in excees thereof, shall :ontain th~ uswl s!and~rd iT~ort~agee c~suse e~ s~ch o+he~ :!ause es the Morrgagee may rtqu.re, maAing the less ~~nder sa;d poli-
cies, each and every, payab:e to said •h10RTGAGEE as ~ts imer•~st may appea~, a~d each and ev~ry wch po :c; st+a~l br piompt;y ass gned and de',~~errd to
eny held by sa~d MORIGAG:E as Iwther sec~r~ty to sa~d n.c,rtgaae debt, and, not !ess than ten (10) daya in advan;e ef the expirenon of eacn pol!cy, to de-
liver ro sa~d MORiGAGEE a renewal ~he~eof, together w~th a recelpt for the prernium of such renew~;; and the~e shall be no f~re o~ w~~•.dnro~m ins~rance
placed on any of sa~d b~i'd~ngs, any inrerest there~n o! part thereof, un!ess in ihe form'a~d ~n~+h the loss F.•ayable as aforesa~d; a^.d in ihe e~enr ar,y s~~m
of money 6~•comes payable under such policy o~ po'~cies sa~d MORiGA.t`,EE shal! nave rhe opt;on ro rec~•~ve and ap~.~:y thc san^,e on acco~nt oY thr. indet.~~d•
{ ness se.~red heri:by or to permit sa~d MURTGAGORS ro recaive and ute it or any p;nr tt,a-coi ior c:~~•: r i:ur: _s~s ~.:!r,- rr ~.7 p:,•.
ing any eq~~ty, l~en or righf under or by virtue of this moc!gagr, and in the event sa d h1pRTGAGOR; sha!1 for any re.~son fail fo kecp the sa~d przm~ses so
ins~red, or faii to c~el~oer promptly any of sa~d pol.cles of ins~rnnce to sa~d MORTGAGEE, er f,~~' prcmntly to pay f~lly any prem~,;rn the~;afor o~ in a~~y
respeu fail to perfo;m, d~scharge, execura, effect, comp~ete, compiy wirh and abide by rh~s cove~•~n~, or any p~rr h~reOf, sa~d ~~'Cki~.aG'_E ~~ay ace a a
pay for such insurance or any parf fhereof w;thout waiving or afiecring any option, iien, eq~~ty, or nght under o~ by virtue of tius hlor.gage, ar.d thE
full amoum of each and e~ery w:h payrnent shall be immed~ately d~e and payable and shsll bear inteicst from the date thereof vnt~l p,,~d at riie raie o1
nine per cent~m per annu:~~ and to~ether ~ith such interest sh~ii be secvred by tne lien of fh~s mortgage.
4. 7o permit, commit or suffer no waste, icnpairment or dcrer+orateon ot sa;d pro{~erty or any part thereof.
5. To pay all and singular ;ne ~cosis, cha~ges and expenses, ~ncl~d~ng a reasonable atrorney's fee ond cosrs of absrracts of t~r!e, inwned or pa;d a!
any time by sa~d MORTGAG;E, because or in the event of the failure on ihe part of :ha said h10RT:;AGOR ro du!y, pron:ptiy and f~;!y perforrn, d:scharge
execute, effec!, comp;ete, co~nply w~th and ab:de by e>ch and every rhe st'r~~lat~ons, agree~~~en!s, tond~rions, and covenants of said promi;sory note a~~d thls
rnortgage any nr e~ther, and sa.d cosfs, chmqes aed expenses, each anrj every, shall be immadiately due and payable; Khether or not there be ne!~ce d~
mand, atrempt to co!lect or s~~t pend~ng; and the fcl! a;ne~nt of each and eve~y suth payment shail bea~ !n!=rest trom rhe date rhereof vm~l pa~d at the
rate o~ n~ne ::er cenrum per en:;~.r ~nr± ~il said cos~s, cha~ges e^d expenses ~ncurred or pa~d, together w~tn svch inte:est, shall be secured by the I:en of ti~~?
' morrgage.
~ 6. That (a) in the evern of any breach of th~s ,Ylatgage or defau!t on ths part of the h!.ORTGnG:~4, or ~61 ;n the event any of sa d sums of money
herein referred ro be not pro;r~p*~y and fvlly pa;d w;thin ~h rfy i30) deys ne.<f a`t•~r ihe sa•ne sc.~era::y beco-+~e d~e and payrbie, wrtho:,t demand or notice,
or (c) ~n the everit each and eve~y ~h~ stipu:ations, agreemenis, cond~flo~s a~d covenanfs o' sa d p~o~n;sscry no~e and th~s mortgage any e~ ehher are no1
july, pro~npNy and ful!y perfo:med, d.scharg_d, exewted, effected, comp'ered: coa~pl.ed w~rh and at~d~•d `;y, then in elther or any such event fhe said ag
~ ~regate sum mentioned in sa~d pron,~ssory note then re~naining unpa~d, w~th ~n~erest accrued, and aii monrys securzd hereby, shall become due and pay~
aoie forthw~rh, or thereafter, at the ept;on of sa:d h10RTGAGEE, as f~iiy and comp!ereiy as if a(I of th:, s~fd s~ms of money were or~giraNy sr~pulated
) ro be pa;d en such dcy, anythir.g in sa d pro:n~ssory rote or in this Mor~gag~ to tE.~ c~r.irary not.vifF.sta~`,d~ng; and ihe!eupen or thereafter at the op+~on of
~ sa:d MURTGAGEE, •r,-~rhout nor;ce or demand, suit at law or in equ~ry, therefore or ther~afrer begun, may be prosec~t~d as if a~l moneys secvred hereby
had matured pr~or to i~n instftution.
1
' 7. That in the evenr that at the beg;nn;ng of or af any rime pendlr.g a~y sv;t vp~n th;s 1.•,ortgage, cr to for~~lose it, or to reform it, or to enferce
payment of any d:~I?•.s he~e~ndcr, sa~d ".tORTG:~G~c si~a;l app!y to !he Coort navi~~g ;un~;iU.cn th~;_o! for th~ appe~nt~rent of a Recei~er, such Co~rt shai!
fortliwi!h appo~ni a.ece~ve~ of said mortgaged prOperhr aff and s~ng~iar, +nc'ud ng ~;I ar.d s~~gv;ar r.7e ir.ccme, prof.ls, ISSUES ~rd revenves from wha!ever
e source derived, ezch end ~very of wh ch, ~r being >xpcess!y undersrood, is hereuy m,ortgaged as ~f spec,flcal!y set forth and deunbed in the gianr;ng and
, habend~m tla~:es hereof, and svch Receiver shail have all tne broad ~rJ effec~ive fvncr ons ar,d por:ers in anyw~se entrusted by a Court to a Re:ei.~er, ard
e s~~ch appo~ntment shali be n:adn by svch Ce_~rf as .n ad~+ilted equ~ty and a r~a!ter c~ absolute r:ght to sa!d h^~ORTG~+GEE, and with~ut ~eference to the
adequaty o• inadeyvacy of the ti~a!~e of rhe property m~~tgaged er to the so •:e,~cy or ~r>c .ency of sa d 1~~OQiGAGOR er the defe~,dants, and ihyt such
!en~s. profits, inccme, iss~es and rever.uez sha;i b~ app~ied 6y such Receicer ac;ord :,9 tc tF;e I~er or equ~ty of seid NtORT~AGEE ar:d the pract~ce of such
Court.
8. To du!y, ~rempt`y an~{ fully perform, d~schzr5e, execute, affect, comp!E~e, coR~p:y .•::~h and a6i~e by each ard Fvery the s~~,:u!aticns, agreements,
cord;r~ors and co~r~,ar.rs ~ sa:d ~±rorn sso!y ncre and rh;s r„ortgag~ s~~i ioith.
9. That in ihc evc^.t th~ oNner<~io of rh= mcrtqaged prem:ses, o~ any par! therec!, becomes vested in a persen ether than the h1v2TGAGUR. the
h10RTGAGEE, its s~ccessors and d55i^yf~5, r!?dy, ,nl~hcut ro!i.e to the %~~ORTGApR, c1ea; ~nr,h su:h wttesso~ o~ suuessor i~ inren,st ~v~th refere^ce to th:s
^ mo~tga~e an~ the debt hereby setured in th= same manner as w:~h ".torfga:~o~ w~thout in any ~,.,-a~ vii~aring or d.scharg~r;g the t,lorrg,gors' lracli;ty hcre-
~•ntlef or upon the debf her=by secur,d. Ne sa,e cf !!~e ~re-~~~s~~s Fer~,yq mo:!g::ged ard no Forbeziance en the part ef th~ ~l,ORTGAGE[ or its svccessors
or assfgns and no extens~on cf the timv fo~ the payme~~t of the deb' hereby secu~ed gi~en by the i.1pRTGAGEE or irs w.cessors Cr ass gr.s, ~(~a'I oF-erat?
, to release, d,scharge, mod~fy c^ange or affect tnc o•;g~na! l;a:> ;:ty oi fne h10R?GAGC~R here~n, e~ther in who~e or in ~,art.
10. 1t ;s sp=r~flca ly agreed th~t t;me ls ef the essence cf thls co^,rracr and that no waiver of any ob!'e~ar!on hereunder or ef the ob'igation se-
c~fed hereby sha:i at any t~m.e therezfrer 6e he'd to be a v~aiver of th> terms he~eof or of the inytru.~~ent secv~ed herby.
y., ! 1. In sdd ~ o~i ro rti~ f~~ege n~ r^o~ ,.a~ ~ots of c:• ~c ad rd i~~ sr ieq =.d by t6~ F.or^ sso,y r„`c• s,co••.d h., h,~ n,o•raa~o. co:en~~ts
and aarces ro pay ro r~c-!a~yee ,nrtn each r„ n!; ~,3,~,e,~t ar, ad:) •..,na, s..:^~ ~s ~~ed u~ mc•tg.3g.,,_ ro oe eyua ro 1 i2 of tt. val co,t of,the fo~ ow-
ing:
4-All rea! ~rcr~•rr !ar.~s ~e~n~~ cr asses~cd I~ s~ rh.~ ab~:e desc•~~cd re3' erase.
B-Fr_ s on f:~e acd ..~~~.dsic•~~ ~rs~,,~ aa i,c~c~n r~q, ~~d ro b-~ carr~:j c~ ..~~ov.,.ne.- ~ ~
"5 s:'va Gn db;,v•] c~_'_. prerr:sNs.
~-P.em..;r s o~ svch morrga ;e y~~aranty ,•~u•a~ :e as rn: rt~a~ee s'~:a'.i fre.,. • rre 'o t, e d~e^~ f~, ~o ca•ry on t-'~ i~>n sec_red f,erebr.
'r o!t a~fP 5. !,C'-i t.-,~,c 1~. .
9_ ~ 'O ^'c r~ ,i?r rrc g=• n ,,3 of h~e a o ~ a^d ~.~~a~:.e r+~rev••,1,• a~~d s_.h S_~ 5F nrcu; ~n be dve B•d
Fayah!e on tne d~.. ea~~. oi r xt ~.~..th y ca;., r a~~..d e~c., s•_:cess-~.e ~.h _ eai•.~~ ~,cr~ga~~e sh3..l no~~r~~ mu;~ .cr ct a cna•~3e i-i s~.,ch
amo~nt. Such su , s s~a ; k~e a~ r,;cd by ..,cr g ~ to.,. -d 1_~ aqT~er• c~ re~' p~, ~•t; !axes ~~s,,ra ~:C' p;e~rLms, ^,d mo_t~ y,;3•~nty ,ns~rar.c~
p~emi~ms. - _
I"J `.'JITNE55 .1HEP,eOF, the sa d h1phTG.1G^R i~as Fe e~.^+o se! n~; h~ d a d s^-3i the dsy an~ year iirst afo~esa;d„i-~ _
aled ar~deliver ~n the esence o': i
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STATE GF FlORIDA ~
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ea, CO~N1Y OF ~-l - ~ .
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fid Be`ore me perscr,r.liy appe~red ~_y_i;_--?' and
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_ Fis w fe, to r. ~~~:eil L.r,c.vn a~•d ~cov:n ro m.n to be
Ihe ind~vidca'a deseribed in and who ~xecu'id tn~ fcregoi;~g instr~rnent, and a.%nc.+r'edged before me that tFey execuled the a~^+e for the p~rFoses
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m- ~ ~ ~ i - n _ - . ro
there~n expressed. And the s.~~d_____
~id w;fe oi the sa;d _ - - - - - , , P ~ -
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exam'net;cn by rr;e taken se~a-ate ard r~^~ r .3 d hi,sb~nd, aci:^,ov.~ed~~d to acd 'Gefore me that sne e~ewted said ;nstr,~rrer~t tree~y and v~;um
t~Y tarily ar:d w~thovt ary co^~p,,;s,o~, co ,~a,rt, rr_'rc-~s on, 9t,i(ea~ of er 'r~m her said h,;soand.
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