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Home My WebLink About1530 3. To piece end continuoux!y ketp an the bui!dings now or hereafter artuate on sald land and on all nquipment and personally covered by thi• r•vortq- aqe, with all premiurm iherean pa:d in f~il, f~re insurence in ihe vsva! standard policy fo~m, in a sum approved by the MOR(GAGEE, a~d windsto~rn insuronce in the vsual tfendard pol;cy form, in e sum approved by the MORTGAGEE, +n tuch company or companies a~ the MORTGAGEE may diract; and all fire and windstorm in~urance poGcies o~ any of said build~~gs, any interost therein or pert thereof, in the aggregate sum sforetaid or in excesi thercof, thall contain the usual s~andard morrgagee clause or such other clause as the M~rtgagee mey req~~ra, making rhe loss unde~ ~aid poli- Cie~, e~ch end every, payab~e ro said MORiGAGEE a~ its in;~~est may eppear, and each and every suth policy ehall 6e prornptty ass gned and dellvered ta any held by fsid MORfGAGEE as (~rther security to said mortgage debt, and, not lesi than ten (10) daya in edvance ~f the expiratian of each poli:y, to dr liver to said MORTGAGEE a renewal thereof, together with a receipt ,'or the premium of ~uch renewal; end there shaU be no fira ar w~ndstorm in~u~ente pl~ted on sny of said buildings, eny intarest therein or part thareof, unless in the form'and with the loss F:ayable as aforesoid; and in the event any i~m ot money bNCOme~ payayle under ~uch policy or policies seid MORTGAGEE ~hall have the trption to receive and apply the seme on accovr» 03 the indebted- ness secvred hereby or ro permit said MORiGAGORS to rereive and use it or any part thereof for othc~ ourposes, wltho~i th~reb~ wa~~ing or unpair- ing eny equity, lien or right u~der or by virtue of this mortgage; and iri thc event se~d MORTGAGOR$ shail for any reason iail to keep the said premises io insured, or fail to deliver promptly any of seid potities of insurence to said MORiGAGEE, or fail promptly to pay fully e~y p~emium therefor or iie enY reapett fait to perform, discharge, execute, rffett, tompiete, comply wirh and abide by thix covenant, or any part hereof, said MpRTGAGeE may plece and pey for such in~vrart:e or any part thereof withaut walving or effecting any option, lien, equity, or right undar or by virtue of this Mo~tgaQe, and the fu~t emouni of each and every such payment shall be immedietely due and payable and ihall bear interest from the date thereof until paid a1 the rate ul nine per centum per ann~m and together with such interest shal{ be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or eny part thereof. S. To pay ell and singular the.costs, charges and expenses, inctuding a reasonabte attarney's !ee and costs of abstracts af t~tle, incurred or paid at eny time by said MORTGAG:E, because ot in the event of the failure on the part of the said MORTGAGOR to duly, prnc-iptly and fully perform, d~stharge, execute, effetS, tomp~ela, comply with and ab;de by each and every the ~tipulafions, agreements, conditions, end covenams of ~aid promi~sory note and th's mortgage any ar ei~her, and sa~d costa, cherges artd expenses, each and every, shall be immediately due and payeEle; whether ar not there be notice do- mand, atttmpt to collett or svit pending; and the full amount of eaeh and evrry s~ch payment ~hall bear intere:t from the date thereof until paid et the rate of nine per cent~m per annum; an~ all said costs, charg¢s and exper.ses incvrred or paid, together w~th wch interest, ~hall be secured by the lien of thii morrgage. 0. That (n) in the event of any breach of this Mortgage or dcfauit on the part of the MORtGAGOR, or (b) in the event any of said svms of maney herein referred to be not promptly and fully paid within th;rty (301 days next afte~ the same severally be..ome due nnd payable, without demand or notice, or (c) in the eveqt each and every the stipulations, agreements, conditions and tovenants of sald prom;ssory note and th~s mortgage any or either are nol ~uly, promptly and fuliv peiformed, d~scharged, executed, effected, completed, compl~ed with and a6~ded Sy, then in either or any such event Ihe eaid ag- gregate sum mentioned in said promissory note then remaining unpaid, with intare;t accrued, and all moneys secured hereby, shall become ciue and pay- able fortliwith, or thereafter, at the option of said MORTGAGEE; as fully and cornpletely as if all of the ea~d sums of money were or;ginally st~pulated ro be pai~ o~ suih day, anything in sa.d prcmissory note or in this Mortgag~ to the contrary notwirhstanding; and thereuport or lhereafter at the oplion of xaid MORiGAGEE, w~rhout naflce or demand, suit at low ur in equity, therefore or thereafter begun, may 6e prosecuted as if all moneys secured hereby had matured pr~or to its institution. 7. That in rhe event t',at at the beginning of or at any tim~ pend~ng any suit upon thls Margage, or to foreclose if, or to reform it, or to enforce paymeni of any ~laims he~eunder, said MORTvAGEE shall apply to thc Court having jurlsd;cron thereof for the appomtment of a Receiver, such Court shall fortFiwith eppoir,t a receiver of said mortgaged property all and singular, in~;ud~ng all and s~ngular the income, prol~ts, issues and revenues from whatever tource derived, each and every of whfch, it being expressly understood, is he.eby mongaged as if spec;fical~y set forth and described in rhe granting and habendum dauses hereof, and such Receiver shall have a:l ~he broad and effect;ve funr.~ons and powers in anywise ent:usted by a Court to a Receiver, and such appointment shalt be made by such Court ai an admitred equity and a matrer of abs~lute r~ght to said MORTGA ~EE, and wirhout reference fo the adequaty or inndeyuacy of the vaiue of the property mortgaged or ta the so~vency or insoivency of said MORiGAGOR or the defendants, an~ that such ren+s, profits, income, issues and reven~es ahall be applied by such Receiver according to the lien or equity of sairi MORTGAGEE and the practite of such Co u rt. I 8. 7o duly, promptly end fully perform, d:scharge, exec~te, effect, complete, con,ply with and abide by each and every the stipu!ations, agreements, conditions and covenants in said promisscry note and this mortgage set forth. 9. That in the event the ~wnership of the mortgaged premises, c,r rny part thereof, becomes vestad in a oerson other than the MORtGAGOR, ihe MOR7GAGEE, its successnrs and d3Si9R3, may, without not;ce to the MORTGAOR, deai with s~ch s~ccessof or s~ccessor in interest with reference to this mortgage and the debt h2reby secured in the same manner as with Mortgagor witho~t in any way vitlating or dlscharging the hlortgagors' liability here- under or upon the debt hereby sec~red. No sale of the prem~ses hereby morrgaged and no iorbearence an the part of the l.1pRiGAGEE or its sutcessors or assigns and no exrerswn of the time for rhe payment of the debt hereby secured given by the MORTGAGEE or its successors or ass:gna, a?~a!I operata to release, d~scharge, modify change or affect the origlnal Iiab~G?y of the MORTGAGOR herein, eitfier in whole or in part. 10. It is speciffcaily agreec~ that time is of the essence of thfs contrac! and that no waiver of any obl;gar~on hereunder or of the obligation se- t~red hereby shali at any time thereafrer be held to be a waiver of the terms hereof or of the instrument sewred herby. 11. !n add.tion to the forego r,g monthiy paymsnis of princ p~l dnd inleres! required by ti~e prom ssory no!e secured hereby, mortgagor covenants and agrees to pay ro mortgagee ~vith each inonihiy payrrer,t an add~rlonal sum esr!~•ared by mortgagee to be eq~a~ to i; 12 of the ann~al cest oi the follow- ing: A--AiI .eal property taxas levied or assessed agai~sf the above dascr~bed real estate. B-Prer~ums on f~re and w~nds!orm ~nsvrance as here~n reGu~;ed to be carrled on the ~mprovements sftuate on the above d_scribed premises. C-Premi~ms on such mortgage guafanty ir.surar.ce az mortgagee shall from t me to t~me deem frt tc carry on the toan secured hereby. Mortgagee shail fro~: time ro r;me natify mortgagor In wr;ring of the amou~t due an~ payable hereunder and such s~m shall therevpon be due end payable an ihe d~e dare of the ~ext n;onthly pzyment and eath wctessive .month tnereaftcr ur,til mortgagee shall not~fy mortgagor of a change in such amoum. Such sums sha'I be applied by mergz~-~e toraard the payment of reaf property taxes, insurance prem;ums, a~id mortgaye guaranty insurance p!emiums. IN Y!lTNESS WHEREOP, the said h10RTGAGOR has hereu~?o set his hard ar,d sea! the day and year first aforasaid. i ned, aled and delive~ed ' t~p~~ of: .~j (Seal) ,S~lLt~l~~~ ~ (Seal) ~ (Seai) " - - (Seal) STATE OF FLORIDA ~ COUNTY OF ~ _ T, 'i } _..~3?_ I Befere me personally app~ared ~ B~-11 5~ 8 Wax't and Marlene .~t'i@W&I'~i h~s wife, to me welt knovin and known to me to he fhe indiv+duais desvibed in and who executed the foregoing instrument, and acknow!edged before me that they executed the aame for the durposes !herein expressed. And the said_ MAZ'~,Bll~l{~ Sti8W8:'f'i wife ot the said _~j.~.l .~tBWAT'ti upon a separate and priva!e examinat;on by me taken separate and apan from fier said husband, acknow(edged to and 'oefore me that she executed said instrurnent freely and voiun- ~arily and without nny compulsion, constraint, apprehens;on, 9~ear of or from her said husband. ; ~`r W ITNE55 my hand and ofiidal seal this _ ~r ' day of D~ c emb . r A. D. 19_st1 . _ Notary Public in and for the State of rlorida at Large My Commission expires: ~ Rerum 70: L~ ru O PJotary Public, State ~f floridt at larqa ; Fint Federal 5avings 8 loan Assoc;~l~on tr, R E C 0 R D~ p . 1 cr F~~r P f«~. ii~~6~f ~ ;t(y My Comm,ssion Expires ~lor, 3, 13~~9 r J 8:ndeC 6y Ar..e'.ten Firo a C.,wr.r~.~. Fert Pier~e, Ffc.ida ~ • , : , r ~'~.~C.~.~ ' . ` ~ (!~C I 6 PM 3 ~ ~ - . , _ 3 s . • ~ . • ~'J lI tY : = ~ ~ ~GST. L.UCIE~~~~^. ~~~f~K - ( sc. : : DUN7Y, . . . FLOF2lDA - • ~i' . , . . 'I ~ ~ ~uoK 1~~ ~ 3~4 ~