HomeMy WebLinkAbout1330 3. To nlace and con~inuoc:sly I.eep on the bu~~d~~qs ne~ er hereafter ~itvate on said land and on ali equipment and personally covertd by this mortg-
ege, w;ih all prem~urm +hereon pa,d ~n fuil, `::e insurance in ihe vsua~ srenda~d poi~cy form, in a su.~ arproved bv !he k10R~GaGEE, and windttorm
insurance in the uwal standa~d poLcy form, in a w:n approved by the A40RiGAGEE, m euch tompany or compan~es as the MORTG4vEE mey
direu; and ali fire and N~ndstonn insurance polic~es on any of sald buitd.ngs, any interest there;n or puri ther0oi, in rhe aggregate s~m aforesa~d or
in excesa thereof, shail contain the us~al srandard mortgagee davse or such other tlausc as the Mortyagee may requ~re, maAing the Ioss vnder sa~d poli-
cies, each and every, paynb!e to said h1C~RTGAGEE as rts Inierest may appear, and each and every such po!icy sha~l 6e promatiy ass gned a~d del~vered fo
any held !Sy sa~d ArORTGAGEE as fu+~her secur~ty ro safd mortgage d~bt, and, not less than ten ;10) days ad:ance ef the expira!~on of each poiicy, to de-
liver ro said h10RTGAGEE a renewal thereof, togethe; with a rece~pt for the premium of s~ch renewai; a~~ri ihere xhal! bz no f~re or windsto~m insuronce
' plated on any of eeid bu~ld~ngs, any interest therem or ~art thereof, unlesi in the fo~m'and w~th the toss pa~ab!z ~s aforesa~d; and in the event any sum
of money brcomes payable under such policy or pol~c~es said MORiGAGEE shall have the optlon to rece~ve and app!y the same on ac<o~n~ o~ rhe indebted-
I ness secvred hereby or ro permlt sa~d MORTGAGORS ro rece~ve and use it or any parr th~~reof fo~ orn:•• ~:;;~;.os~•s, ~h~~r rh~~rb, ~v3w~:~~ o~
ing any equ~ty, lien or r~ght un~cr or by virtue of this mortgage; and in the rvent sa;d MORTGAGORS sha!I fo~ any reason faii to keeo the said premises so
insured, or fail to deliver promE~tly any cf aaid pollcies of insuronce to said MORTGAGEE, or faki prompHy to pay fully any pre~~~ium therefer or in any
resped fail to perform, diacha~ge, execute, effect, complete, comply with and ab~de by th~s covenant, or any parT hereof, sa~d MGRTGAGEE may place a~d
pey for s~ch ins~rance or any part thereof wlrhour watving or affecring any option, iien, equ~ty, or nghr under or by virr:,e of thi: Mortgage, and the
f~ll amount of each and every such payment shall be imme~iateiy d~e and payable and shall bear interest from the date thereoF untit puid a~t the rare of
nine per centum per dnllUm and to~ether with such interest shai~ be secured by the lien of this mort9age.
4. To permir, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
5. To pay ali and s~nguiar the ~costs, charges and expenses, inclvding a reasonable attorney's fee and cosr: of abstrocts of riale, incu~red or pa~d at
eny time by sa~d MORTGAG:E, beca~se or in the event of the fa~lure on the part of the said MORTGAGOR ;o duiy, prompt(y and fuliy perform, d~stha~ge.
execute, effect, complete, comply w~th and ab:de by each and every the stip~lanons, agrremants, tonditions, and covenants of said promissory note and this
mortgage any or e~iher, and sa~d costs, charqes and expenses, each and every, shall be immed~ately due and payable; whetiier or not there be nof~ce de
mand, attempt to collect or s~it pending; a~d !he full a~novnt of each and every such payment shall bear in?~res+ from the date thereof until paid at the
rate of nine per centum per ar,num; anc al! said costs, charges and exeenses incurred or paid, tog~iher wAh wch interest, :hall be aecured by the lien of this
mortgage.
That (a) in the event of any bieach of this AAortgage or default on ih= part of tne MORTGAGOR, or (b) in the event any of sa?d sums of money
herein referred to be not promptry ar.d fuily paid with~n th~rty ~30) days nezt afrer the same severa:ly become due and payaLlm, wirhout demand or netice.
or (c) in the evertt each and every the stipufations, agreements, conditions and tover.an`s of sa,d promissory ~ote and thls mortgage any or either are not
july, promptly and fully performed, d schaig~d, exec~ted, effected, tompleted, torr:plied with and abicfed tiy, then in e~fher or any wch eveM the sa~d ag~
qregate s~m mentioned in said promissory r.ete then remaining unpaid, with ime~est accrued, and a~l mon~ys secured hereby, shall become d~e and pay
able fo~thwith, or theraafter, at the option ol sa;d MORTGAGEE, as fu~ly and comp!etely as if al! of tLe sc~d su:ns of money were originatly st~pula~ed
to be pa~d on such dzy, anything in sa.d prom~ssory note or in this Mortgage to the contrary nohvithstandlnq; and thereupon or thereafter at the option of
said MORTGAGEE, witho~~t notice or demand, sult at law or in equity, the~efore or thereafrer begvn, may 6e prosec~ted a. if al! rnoneys sec~red hereby
had matured onor fo ~ts ~nstituiion.
7. That in the e~=nt that at the begir.n'nq of or ai ary time pc~ding a~y suit vpc~ thls Mortgage, or to foreticse ~t, or tc reform it, ur to enforce
paymem of any elalms here~nder, sa~d ~~'.ORTG%+GEE shz!I apply to ihe Court having ~ur~sci.ction thereof ior the appc~nt~rent of a Receiver, svch Covri shail
fortiiwith appoint a reteiver of said mortgagr•d property all and sing~!ar, inc!ud.ng ail a~~d s~~~gv~ar ihe ~ncome, profits, Issues ard reven~es from whatever
tuurce derived, each and every of wh~ch, it be~ng expressly understoo~', is hereby morrgaged as if sp=c:ficaily se~ for~h and de:crlbed in rhe granting a~~d
habendum ciauses hereof, ard svch Receiver shai! have all the b:ead anti affective f~nct ons and powers in any,n•~se emr~sted by a Court to a Recei~~er, and
~uth appoinrment shall be made by svch Court as an adm~tred eq~ity and ~ matter of abso;~te r,ght ro said lv'~On^TGAGEE, and withcur refe~er;ce ro 9he
adequacy or inadequacy of the va'ue of the property mortgaged or to the so.vency or ~r.so.vency of sa~d h\CRiGAGOR or the defenda~rs, ard thar su,h
rems, profits, inceme, issues and rever,ues shail be applied by wch Receiver accord;nq tu the lien or eGuity of sa.d MORTGAGEE and ihe prac~ice of such
Cou rt.
8. To duiy, promp!ly ar.d f~lly perform, discharge, execute, ef,'ect, ccmplere, comply w~ih and abide by each znd every the stipviaticns, agreemer.ts,
conditlons a~d covenams in sa~d promissory note end th~s mortgage set rorth.
9. That in the event the ow~ersh:p of the mortgaged premise3, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its si;ccessors and assigns, may, ~nirhout no!ice te the :ti'~02iGAvR, daai w~th such succe;sor or s~:cessor in in±erest with reference to this
mortgtge and the deot hereby securzd in the same m~nner as with P,iorrgagor w~tho~t in any v,•ay vit~ating or d~s,ha~ging the hlcr'gagors' liab~;ity he-e~
under or upon the debr hereby s^cvred. No saie of rl~e ~.!f.T.15B5 hereby mc~rtgaged ard no ferbearance on ?he part oi the ':10RTGAGEE or it: waessors
or assigns and no exters~on of the t~rne icr fhe payment ef the de~t hereby secured g~ven by the 1'+10RT,r,AGEE or its successors or ass;gns, aiiail ope~ate
ro rolease, d~scharge, mod~fy change or zffect the or~glnal l:a~.i~ty of rne M,ORTGAGOR heie~n, e~rt+er in whale or in part.
10. It is speufitaliy agreed tnat time is of the esserce of th~s co~tract and that no waiver of any obGgat~on here~nder or of ihe ob!igatien se-
c~red hereby shall at any time thereaiter be he:d t~ be a wairer of the terms hereof or of the insrr~ment sewred herby.
1 I. In aod.rien to rhe forego'ng monrh!y paym~nts ot princ pa~ and inre~eu requ;red ~y the pcom sscry nore secured hereL/, mort~agor cuver~nts
and ag~ees to pay to mortgagee ~n~th each r,onth'.y pa~r,ent an add:~~onal s~m es! ^~ared b~ mo~sgagez tc be eq~~al to 1 12 of tt,e ~r.•;~ai ccst uf the follo•.v-
ing:
A-All real prop=rty taxes !e~~ed or ass~sscci aga:~.s! the a::ove des:~ibed real est~!e.
B--Pr~mJu n; on fire a^d w;ndsto•m in<_urarce as i:ere~n rcq~:red to be ca~r.ed cn the ;;rove-n~~!s s~!vate en th~ abovc dc:r.lbed prem~ses.
C-Premlums on s~ch rnortga,e guar~nty insvra~ce as n~,ortgagea shall fro~r. rme ro time deeci f:t to carry on the loan secured hereb~.
.'rlortgaaee sha l frc^~ time !o t~me no•ij; rne•ryag^r !n ~:r !;r-g of the a~ o:,~! d~e ~r.d pa;able hcrz~nder and such zo~n shai! tnereupon be d~e and
Fayable on tne d~e aare of !he ne=t n•,c~.!h',y ca~meet and e~c^ _..:cessive rro^"; rnere~f':r ur!i! merta33ee shall ro7lfy n:or!ga~or ef a change in sv:h
ar'~ount. Such sums sCaJ be app!ied 'o~ mertg.,y~:e to:;ard 1M;e pzyrrent of rea! proG?'t~ texes, fnwra~ce prem.ums, and mortgaa~ gu;~anty insurar.ce
premiums.
IN `'dITNE55 '+:HEREOF, the said MORTGAGOR has h=reunto set his har.d znd scal !he day ard year first z`orasa~d.
~i~ga~, S led and{~!ivered ' the pr~ser.ce of:
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SiATE OF FLORIJA
T ,,„i r_ ~ SS.
COUNTY OF ~ M
end
Before me personally appeared - _y,~__ r'~ _ _
Tb!'?r"~`""~ _1~ his wife, to me we~l knoxn a~d known to me to be
the individuals destribe~ in and wrho exe;~'ed the foregoing in;trument, ar.d acknowledged before me that they exe:uted the same for tFe purpose3
7n~.•,~,.,.~-•, .,l ~
!herein expressed. Ard the said~`-__--- -
r7 ~ ~ Y~ r~
wife ot the said _ - - u,r.cn a separate and prvate
examinaricn by me taken separare and ar~a~r from h~r sa~d 'n sband, ackro,~•iedged to and before me thzt she execu!ed so~d insrr~ment freely and volum
tanly ard w~thout any comp•~Ision, cors~ra~~~,t, a~ prehens o^~o~r fear of or fram her said huzband. ~
WITNESS my hand and offic~ai seai tnls--- day o'- 1• n~ A. D. 19_~ r
~ ~
~
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" No+ar~ Pub!ic in and for the State of F':orida at Large
My Com~r~ssion expires:
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Retvrn Te~ r~Ofdfy FC~~,C. ~i_iE Ji i i^,;'' '
Fi;st Federal Savin s 3 loan Asso::ar.on • U~. ~
~ CO4~IT15:[„n Er;.~res F~e~•. 3 1i'~>'
oF F~.; P,.t~. F'ILED A~'JD RECORDED _ F., ~ , -
F~~r a~z«< F;~.,;a3 • p 0 ~C
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'65 DEC l ~ , ~P~I, . ~ : 4 I . : . '
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. ~ ~ FtOGr-F' ~r;' ,-i~.,S. CLER~C '
~ ' ..Y ~ ,rir COUN`CY,
• . • •t'~ . ~ ~LORIQA .
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