HomeMy WebLinkAbout1300 3. ?b place and tontinuo~sly keep on !he bu~'d~ngs now or nereafter sitwte un sa;! !and acc; cn s!! ey:~ipmeef and personally coversd by This mortg-
sge, w~th eli premiunR ther~on pa.d ~n fv!I, flre iesu~ancr ~n th'r ~sval ytardarr~ poi~cy form, in a fum approved by the MORiGAGEE, and winditorm
insurance in the ~sual s}andar~ po!.~y form, in a swn app~oved by Ihe MORTGAGEE, in s~cfi co~npany or companita as the MORTCiAGEE may
direct; and all fire and w,nds~orm inwranca po~~c~es on any of sa~d buiidlnys, eny interrs~ rhe~e~n or part thereof, in the agg:egate sum aioresaid or
In excess thereof, shall co~tain the usvat standard mortgagee c~ause or tuch othe~ clause es the M~rtgage~ may req~irtr, meking the loss under sa,d poli-
cie~, each end every, payab'e to snid MORTGAGEE as ~rs interesf may appear, and each and every such po:~cy shall Ge p+omptly ess gned and de!i~ered ~o
~ny held by sa~d MORiGAGEE as further sec~rity to said mortgage debt, and, not less then ten (t0) days in advance of the expiretlon of each po~icy, ro de-
liver fo faid MORTGAGEE e renewa! thereof, logether v~ith a receipt for the premi~m of s~:h tenewal; ard there sha11 be no fire or wii~CJ510rrt1 insutente
plated on ar.y of sa~d bv~!d~ngs, eny interest therein or part thereof, un!ess in the form'and with the loss payable as aforesa~d; and ~n the event any sum
of money brcomes payable under such policy or po~icies said MORfGAGEE shall have rhe ophon to receive and app!y Ihe seme on acco~nt o~ the indeb±ed-
ness srcured hareby or to permit sa~d PAORTGAGOR~ to receive and use it or any pa~t thr.eof fcr oci,rr c;urpose~s, .•::~ho~t fh~~cu: .,,~i~i~ti3 or ~:n~7a1~•
ing any equ~ty, lien or rigM u~der or by virtue of ihis mo:rgage; and in the eve~~t safd MORiGAGORS shall for any reason fai! to keep the seid premisee zo
inwred, or fail to deliver p~vmptly any of aa;d policies of insvrnnce to said MORTGAGEE, or fa~! promptly to pay fully any prem~~m therefor or in anY
re~pect fail to perform, d~scharge, execute, effect, complete, tor*~ply with and ab~de by thls covenant, or any part hereof, aa~d MORTGAG:E may place and
pay for such insurance or eny pan fhereof wftha~r watving or affecting any option, lien, eq~~ty, or righf under or by virtue of th~s Mortgage, and the
f~~ll smount of each and every such paymero •tiall be immediately due and payable and shall bear inteiest from tha date thereof unti! paid at thB rate ot
nine per centum per annum and together with such interest shaii be seeured by fhe tien of this mortgage.
To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
5. T~ pay efi vnd singular the ~costs, charges and expenses, including a reasonable atrorney's fee and cost~ of abst+acts of title, incurred or paid a~
any t~me by sa~d MORTGAG~E, because or ln the event of the failure on ihe part of ;he said MORTGAGOR to d~ly, prpmptly and f~ily perform, d~scharge,
execute, effect, complete, compiy wnh and ab;de by eacn and every she stip~iat~or.s, agreemenrs, condit~ons, and covenanrs of sa~d promissory note and this
morrgage any or either, ar;d ea:d costs, charges and experxes, each and every, shall be immediateiy due end payable; whether or not there be notlcc dN '
mand, at~empt to coliec! or wit pending; and the full amount a4 each and every su~h paymem shail bear ~nterest from the date fhereof unril paid at tl:e
rare of nine per cemum per ar~~wm; an~ alf sa~d costs, cha,ges and exper,sas ;r,curred or paid, together w;th such interest, thall be secured by the lier. of thu
martgege.
6. That (a) in the zvent of any breaeh ~f th~s Mortgage or defa~it on the part of the MORiGAGOR, or (b) ~n the event any of sa~d sums of money
herein referred to be not promptiy ar~d ful?y paid within th~rty (30) days nexf aiter the same severa:ly become due and payable, without demand or notice,
or (c) in the e~ent each and every ~he stfFulat~ons, agreements, ccnditions and covenanrs of sa d oromissory note and th~s mortgage any or ei~her are not
~uly, prornptly and f~lly performed, d:scharged, exec~ted, etfected, completed, compl~ed w~th and abideti yy, then en e~the~. or any nuch event the sa~d ag
gregata sum menrioned in sa;d p~omissory note th=n remainin~ ~npa~d, with interest accr~ed, and ail moneys sec~red hereby, shall t~ecorne d~e and pay
abie forthwith, or thereaf~er, at the opt~on of said MORiG:LGEE, as fully and compie~e(y as if all of the said s~ms of money were arigineNy si~pu;ated
to be pa~d on such day, anyth~ng in sa:d prom~ssory note er in tnis Mortgaqa to ~he cont~ary notwi~hstand~ng; and thereupon or thereafter at the opt~on of
said MORIGAGEE, wlthout norlce or demand, surt at lasv or in equity, thereforr or thereatter begun, may 6e prosecuted as if all moneya setured hereby
had mawred pr~or to ~t3 ins~itution.
7. That in the event that at the beginning of or at any t~rne pending any sv~t upon thls Mortgage. or to foredose it, or to reform it, or to enforce
payment of any c!aims he!eunder, said MORTGi+GEE shali apply to the Court having jurisd:ct~on thereof for the appo~ntment of a Receiver, rxh Court shail
fortFiwirh appo~nt a re:eiver af said morrgaged property ali and s~n3ular, inctud.ng aIl anc+ s;ngufar the income, prof~rs, issues and revenues fro:» whatever
so~rce derived, each and every of wh;ch, ]t being expressiy unders+ood, is hereby mortgaged as if spec~ficaliy set forth and dexcribed in the graroing and
habendum dauses hereof, and such Receiver shaii have a:t the broad ard effect~~e f~nct ons ar,d powers in anyw~se entrusted by a Court to a P,eceiver, and
such appointment shafl 6:- made by such Loort as an ad-n+tted eGuity ar.d a matter of absoi~te right to sa~d PI~ORTGAGEE, ar,d without reference to the
edequacy or inadequa~y cf the va!ue of the properry merigaged or to the so.vency or inso:vency of said MORTGAGOR or the defendanta, and that wch
rents, profits, income, issues and r_venues shail be applied 6y suth Receiver accord;ng to ii~e lien or equity oi said MpRiGAGEE and fhe praci;ce of such
tourt.
8. To duly, prompl'y and ~u;~y perforrn, d~scharge, exec~te, effect, tomplete, comply m-ith and abide by each and every the st~pula!ions, agreements,
conditiors and cuvenarns n sa~d promissory note and th;s mortgage zet forth.
9. That in the evnnt the owner~hip oi the mortgaged premises, or aay part thereof, becomea vesfed in a person other lhan the MCRTGAGOR, the
MORTGAGfE, irs s~ccessors ard dS5 qns, may, v.-~ihout nalce to the ,1~10R?GrOR, deal with such successo~ or successo~ ir imerest with reference to this
mortgage and the dr~~ hereby secured in th= same mznner as v,~fh 1.1o:tgagor witho~t in ar.y •lvyy vit:ar.ng er d~schargir.g t~~e Mer'gaqors' liaoii~ty here-
under er t~pon the debt hc;?b~ secer.ed. "Jo sa'e of tF~e Fre.mises hereY~y murtgaged and no (orbearance on ~he par+, ef the :",OR1GAGcE or its successors
or assigns and r.o extens~on of the tim~ for thz paym,ent of the debr hereFy secu~ed g~ven by the AAORTGAGEE ar i!s waessors or ass:gns, a~iall operate
ro release, d,schar~r, modify change cr affec~ the o•iy~r.af iia~ i:iy ef the MORTGAGOR here~n, either in whole ur in part.
I0. fi is speuficalfp aoreed rhat time is of rhe essence cf rhis contracr and fha! no vvaiver of any obllgat~on here~mder or of the obligation se-
c~red hereoy shali at any time thereafter be heid tc be a waiver of tne ter~ns he:eof or of the inst~ument sec~red herby.
1 l. In add.~ion tp ih~ foregc ~~q moa'h!y paym~~is of rir• py: and ir,,er,st re~u,;ed b the rorn ss^r • ne'e sc ~red hereb , n-~ort~ aoor
N ` Y P - > ~ co.•enants
and agrcea to pay to r:c-toagee ~~rh aacn rronr~; y pay:.•enf an ad;i r~onal sv~i esr ~red b~ mortgagee rc be equa! '0 1 J2 0! t;;e an :ost ot t!~e foliow-
ing:
A-All rea~ propeny taxes Ie:Ie,~', or assessed ag~~~,st tn~ acove desc'~~r_d real es!at?.
B-Prern~ums nn flr~~ and v,ir,dsfo-m ~ns~.,ra~ce as nere~n requ;red to be carr~ed e~ the ;~rproveme~ts s:t~ate on tha above d:euibed premises.
C-Prerxiurs on sv:h mortg;ge g.~aranry ~es~~~a~ce as me-rgegne 5}i3:~ fro~n Y~,e ro t.,.: dce:-n fit !o ca~ry rhe loan s^cured hereby.
I'„or+gagee s~a'i frcm 1u~e Jo 1~~-.e rc?if~ me~r,age• ;n r.-r~?!ng of the a^~ou~t d~e and p~yahle he'eund~! and s~ch 5~•n shall tFereupon be due and
payab!e o~ 'ne due ca~e of th= next a,en!h'.~ c~ayrr_~:t and e~ch successive rror~th ti:ereafi~r ~n!i! mcrtgagee shsll not~fy mortgager oi a change in such
aR'ount. Sucn sums sha'.i be zpp'ird by mcr!g_~-e tu::ard tre payr-~ent of rea+ p~epeity !axes, insv:a~ce prem:~ms, and mo~tgage guaranty ir.wrance
premiums.
\'lI7NESS 'l,NEREOF, tne sa~d !.10RTGP.GOR hzs herPun?o set his hand ard seai the day and year f~rst aforcisa~d.
~gned 5eale~n de!ivered in t e pr>sence of: ~
~ , ~ J (Se a l}
~
~ ~
. (Seaf)
- - - - -(Seal)
e a
STATe OF fLORfDA
S t. LL] C 18 ~ ss.
CC~UN?Y OF - ~ (
Before me personally appeare~ _i`i~_~ CjPE C3 S. I.,OTl~£~ 8 S].~2 8dU 1~ ~ J~~ Y7~~
- Ffis~C3ClE, to me well k,aown ar.d kncwn to me to be
the individuals described in and who exe:~ted th~ iorego~n3 ~nstrument, and acknow:edged before me tha!-~~~xecuted the aame for the Furposes
therein expressed.}{~aQ]dp~~~__,
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WITNE55 my hand and official seal this__.~__ day cf CBmbeP ~ A. D. 14 ~
~ - ~~`.(,~J _ _ __.,~:~~.6.6..4?'+' .
Notar~ Publi< in and for the Stete of Fbrida at Lsrge
~ My Commisa~on expirrs: • ' .
Re}~~rn Te: 4' ~ 4 _
~'t~
First Feclerai Savings 8 toan Assoc~_t:cn
Of ~o•r P e~er r
rc.,r ~~o~r~; I ~ ~ ~ ~ K . .+'''{dA'~ARY PUBt.IC.~ STATE n{ ~LORI[~A at L.'~RGE
•MY Cntit•!f~:Si:)i~ EX,P~f'ES i~i R. 24, ln$9
, ~j~, y :
65 oEC t~ .
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;
ROG?_~; CLEf~C .
ST. 1.~1Cl~ CQUNTY, ~ .
FLORIDA ~ ;i ~
- ~ aooK 1~ _ 94
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