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HomeMy WebLinkAbout1409 3. To place and continuo~sly keep on the bui:d;ngs now or hrreafter aituate on said land end an all eq~ipment end person~lly covered by this mattg• ~ya, with •li premiuMS tnereon pa~d in f~ll, fire insvronce in tha uwai standa~d policy form, in a sum approved by the MORiGAGEE, and windfrorm insu+ance in the usual ftanda~d pol;cy form, in a sum approved by the MORTGAGEE, in •uch tompany or companies as the MORTt',AGEE may di~ett; and all iire and windstorm insurante polities on any of said build~ngs, any ir.tarest therein or par} thtrcof, in the ~ggregate sum aforesaid ot In extess thereof, shsll contain the usual srandard mortyagee cla~se ar su<h other cla~se es fhe Mortgegte may require, rnaking the loss under ~aid poli- ci~~, each snd every, payable to said MORTGAGEE as ~ts iroerest may appqar, and each and eve~y •vch policy shaN be promptly ass yned and delivered to ~ny held 6y sald MORTGAGEE es furtii:r sewrity to said mortgage debt, ar,d, not lese than ten (10) days in advance of the expiration of each policy, to de- livsr to sa~d MORiGAGEE e renewal thereof, together Nith a receipt for thc premium of such renewal; and there shall be no fire or windsto~~n insur~nce placed on any of said b~ilding~, eny interest there~n or part thereof, unless in the form'and with the loss payable es aforesnid; and in the event sny sum of maney betomes payable under such policy or policies said MORTGAGEE shall have fhs option to rece+ve and apply the same on scco~nt o~f the indebted- neu secured he~eby or to permit said MORTGAGORS ro rcceive and use it or eny pa~t thereof for other purpusas, wl~hout the~eb; wa~v~ng er impair iny any equ~ty, lien or right undcr or by ~~irtue of this moc'9age; end i~ tha event satd MORTGAGORS ahall for any reaaon fail to keep the ~aid premises ~o insured, nr fail to deliver promptly any o4 said polities of insuronce to •aid MORTGAGEE, or fail prompt~y to pay fu~ly any prem~um therrfor ar ~n any rsspect fail to perform, discharge, exec~te, effect, completa, comply with and abide by this covenanr, or any part hereof, seid MOR7GAGEE may place and pay for •uch insurance or any part thereof w~thout walvi~g or affectinq any option, lien, equity, or right under or by virtue of this Mortga9e, and the full amount of each a~d every auch payment shall be immediately due and payable and shall beer interest from the date thereof until paid at the rate ol nine per centum per annum and lo~ethe~ with such interest shali be secured by the lien of thi~ mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said prope~ty or any part thereof. S. To pay all and sing~lar the ~costs, charges and expenses, including a reasonable attorney's fee and costs of abstrects of title, incurred or paid at any time by said MORiGAGEE, because ar in the evant of the feilure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and ab~de by each end every the stipulations, agreements, conditions, and covenants of seid prornisxory note and thii mortgage any or eithrr, and sa~d coirs, charges and expences, each and every, shell be immediateiy due end payable; whether or not there be notice de mand, attempt to collect or suit pending; and the fvli amount of each and every such payment thal~ bear interest from the date thereof until paid at the rate of nine per tent~m per annum; and all said costs, charges and expenses incurred or paid, together w~th such intere~t, thail ba securod by the lien of thi~ mortflaye. 0. That (a) in the event of any breach of thii Mortgage or default on the part of the MORTGAGdR, or (b) in the event any ot aaid sums of money herein teferred to be not promptly and fully paid within thirty (30; deys next after the same severally 6ecome d~e an~ payable, without demand or notitr, _ or (c) in the event each and every the stipu;ations, agrecments, conditions and tovenants of sa~d promiss~ry nate and th~s mortgage a~y o~ either ere not ~uly, promptly and fully performed, d.scharged, ezecuted, effected, completed, tomplied with and abided yy, then in eithe~ or any such event the iaid ag- pregate aum mentioned in said promissory note then remaining unpaid, with interesr accrued, and ail moneys secured hereby, shal) become due and pay able forthwith, or thereafter, at the opr~on of said MORTGAGEE, as fully and complete~y as ii all of the said sums of money were originally st~pulated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the con~rary notwithstanding; and thereupon or thereafte~ at the option of said MORTGAGEE, withou! notice or demand, suit at law or in equity, therefore or thereafter begvn, may be prosecuted es if ail moneys fecured hereby had marured pnor to its inst~tution. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortpage, or to forec!ose it, or te reform it, or to enforce payment of any tlaims hereunder, said A10RTGAGEE shali apply to the Court having jurr,d~cnon !hereof for the appo~ntment of a Receiver, auch Court shall fortliwith appoint a receiver of said mortgaged property all and singu:ar, includ~ng all and sir,gular the income, proiits, issues and revenues from whate~er •ource derived, each and every of wh~ch, if being express~y undersrood, is hereby morrgaged as ~f :pec~fitalty set fo~th and des:r~bed in the gronting and hebend~m dauses hereoF, and w~h Receirer shall have all the broad and eff~ct~ve fu:~ct~ons and povve:s in anywise entrueted by a Co:.:rt to a Receiver, end tuth appointment shall 6e made by such Court as an admitted equity and a maner of absolute right to aaid MORTGAGEE, and without refetence to the adequacy or inadeq~~cy of the va~~e of the prope~ty mortgaged or to rhe so,vency or ~nsolvency of said MORTGAGOR o~ the defendants, and that wch renrs, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said l~10RiGAGEE ancl the practice of such Court. 8. To duly, promptly and fully perform, discharge, exewte, effect, compiete, comply with and abide by each end every the stipulations, egreemeNS, conditions and covenants ~n sa~d promissory note a~d th~s mortgage set forth. 9. That in the even! tF~e ownership of the mnrtgaged p:emises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its wccessors ar,d aesgns, may, wifho~r no~ice to rhe A50RTGAOR, deal wirh such s~aessor or successor in interest ~vifh reference to th~s mortgage end the debt hereby secured in tne same manner as with Mortgagor w~thout in any way vitiating or d~scfiarging the ~Jlortgagors' Iiaoiiity here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearonce on the part of tne ~~AORTGAGEE or its surcessors or assig~s and no extenvon of the fime for the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or asslgns, ahall operate to rc~ease, discharge, modify change or affect the or~ginai liab:;:ry of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and thal no waiver of any oblfgatlon he~eunder or of the obligation se- c~red hereby shall at any time tnereaftet be held to be a waiver of the terrns hereof or of the instrument sec~red herby. i l. ln addltio~ to the forego ng mon!hly paymems of princ'pd~ and interest req~ired by the promissory no!e secured hereb~, mortgagor covenanis and agrees to pay t~ mortgagee with each mon?hly payment an add:r~onel sum estlmated by mortgagee to be equai to 1; 12 of the anr,~al cost of the follow- ~~g; A-AII real property taxes ~evied or assessed aoai~st the above dest~ibed real estate. B-Prem~ums on Eire and wir,dstorm insurance as here~n requ~red to be carried en the ~mprovemerns situare on the above desvibed premises. C-Preiniume ~n such mortgage guaranty irwra-ce as m.ortgagee shall i~om t me to time deem fit to carry on the loan secured hereby. Mortgagee sha~l from +irr.e ro time norify mortgag~r In writlr.g of the arrou~t dve and payable hereund~r and such sum shall thcreupon be due and payab~e or the due date of the ne~:t rnenthly payment and each svccessive month thereafter until mortgagee shall notify mortgagor of a change in such emount. Such sums shall be applied by rrurtgagee toward the payment of real property taxes, insvrance prpm~ums, a~id mortgage guaranty in3urance premiums. IN WITNESS WHEREOF, the said MORTGaGOR has hcre~nto ser his hard and seal the day and ear first aforatiaid. Si led nd eliv ! i he presence of: ~ _ (Seal) ~ I ' ^ a. _ ~ ($eal) _ (5eal) ~ _ _ (Seal) STATE OF FLORIDA S5. COUNTY O~ -~S.~i - LuC 1-e I BeforP me peraonally appeared ~~'1'~ff ~~s~E',~ and ~g,L''7 P. T. HL19~CA9 _ his wife, to me well knourrl;Mid~fpqy~t to me to be the individuals described in and who ezec~!ed the foregoing instrument, end acknowledged before me that they C?t~~uted tfie yjr~b fe~~lbe purposes P Marie L _ ~119~~~__ ~ ~ ~~-s~~ y there~n ex ressed. And the said ~y B _ ~119kB~' n+~~ ~ wife of the seid u q~'~ ~~{raTti a nvats examination by me taken separate and apart from her said husband, acknowledged ro and 6efore she execu~d tatd, i a~t~yfiar~l fr~/Ij, end;aro!un- terily and wlthevt any con~pulsion, co~ straint, apprehenaion, fear of or from her said husband. e .1` G , . ;1 `t WITNE55 my hand and offiual seal ihis.~ dny of_ • ~ 4. 19~~ ' ~ ~~L.~J' ~ _ ' ~ ~ ` ~ `\,a'+ - Noi~ry Public in and for the ~stE,p~'fi~ida~at`lytge~, My Cammicsiun expires: , Y'.~~~ Retum To: ' ; ~'~:fi~sl~;i'.','•''' Fint Federal Savir.gs ~ Loan Aswciat;on ~ J r~ p~~' C 0 R D~ p N~t,~ StttE OI FlOrldi i~ !7f Fort P erce. ' c ~ My fommission Expires Sept. 13, 19b9 ~le OK ~.,,r.~ a Fcrt Fierce. 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