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Home My WebLink About1532 • l 3. To place und continuously kcep on tht bui:dings rtow or lrtreafter fituate ori said land and on all equi~me~t and personslly covared by thi• morig- age, wlth all premicrrYf ihereon pa~d in iull, fire ~r.surance ~n the uwa~ s?andard policy form, in e sum approved by the MORiGAGEE, and windstorm imurance in the usual ~+andard poGcy form, in e sum app~oved by the MORIGAGEE, in iuch company or companies a~ the MORIGAGEE may direct; ertd a61 fire and windstorm insuronte policies vn eny of sa~d build~ngs, any interest therein or pe+t theraof, in the aggregate aum afo~esaid o~ In ~xte~a the~eof, shail sontain rhtr usual standard mortgagee clause o~ such other clausa as the Mongagee may require, maMirx~ the loss under faid poli- citi, each and every, payabie to said MORTGAGEE as ~ts iroer,st may appear, and each and every such po~ity shall be promptiy •ss gned ar.d delivered ia sny held by eeid MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) deys in advance of rhe exp+rotion of each p~licy, to dr livo~ to seid MORTGAGEE a renewal thereof, toqether with a ~eceipt for the premium of wch renewal; a~d ther~ shall be no fire oi wind3torm iniuronce pl~ced on sny of said buildinge, any intc~est therein or part thereof, uniess in the forrn'and with the loas payable aa aforesaid; and in th~ event any sum flf money brcomes payable under fuch policy or poticias iaid MORiGAGEE shall have tha aption to receive and apply the xama on account o~ the indebted- ness setured hareby or to permit said MORTGAGORS to rece;ve and u~e it or any parl thereof for orh<r purposes, ~•+Irho~t thrrcu~ walri,~g or ,mpair- i~y any equity, lien or righ~ under or by virtue of this mo:tgage; and in the event sa~d MORTGAGOR5 shall ias any reason fail to keep ~he said premisef so iniured, or feil to deliver p~omptly eny of said poGcies of inwrance to taid MnRTGAGEE, or fal! promptly !o pay fully any premium therefor or in any rospect fail ro perform, distharge, execute, effect, complete, tomply wirh end abide by fhis covenant, or any part hereof, said MORTGAGEE may pi~ce and pay for such insu~ance or any pan thereof wirhoui wsfving o~ affeciing any option, lien, equ;ty, or right ~nder or by virt~e of this Mo~tgage, and the full amoun; of each and every such payment shall be immediately du~ end payable and shall bear interest from the date thereof until paid at the rate oi nine per centum per annum and together with a~ch interest ahall be secured by the iien o~ this mortgege. To permit, commit os suffer no waste, impeirment or deterioration of aaid property or eny part thereof. S. To pey att and singvtar the ~costs, charges and expensts, induding a rensonable atromey'a fee and cosrr of abstracts of title, incurred or paid at ~ eny time by sai~ MORTGAG:E, becaus~ or in the event of the faifure on the part of the said MORTGAGOR to duly, prompt!y and fuily peiform, d~acharge, ` exetuta, effect, comptete, tomply w~th and ablde by each and every the stipu~ations, egreements, conditiana, and covenants of aaid promissory note end thi~ ~ morrgage any or e~ther, and safd costs, charges and expenses, each and every, shall be immediataly due and payable; whether or not there be noticb de msnd, attempt to collett or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at tf,e : rate of nine per cenrum per annum; and a!i said costs, charges and expenses irxurred or paid, rogether w~th such interest, shall be secured by the lien of th;s mortqage. d. 'I'hat (a) in the event of any breacn of this Mortgage or default on the part of the MORTGAGOR, nr (b) in the event any of sa~d sums of money herein referred to be not promptiy and fully paid wirhin th~rty (30) days nexf afte~ the same severa'Iy become d~e and payabie, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa;d promissory note and th~s mort9age any or eifhe~ are not ~uly, promptly and fully performed, dlscharged, executed, effected, comp~eted, tomplied w~th and ab~ded 5y, then in eithet o: any such evem the aaid ag~ ~regata sum montioned ir. said prornissory note than remaining unpaid, with interest accrued, and al! moneys secured hereby, shall become d~e and pay abie foriliwith, or thereaher, at the option of said MORTGAGEE, as f~lly and completely as if all of the said sums of money wcre originaily trip~lated tn be pRfd on such day, anything in sa;d p~omhsory note or in fhls Mortgage ro the contrary notwithstanding; and thereupon or th.ereafter al the option of ~aid MORT^vAGEE, wlthout notice or demand, suit at law or in equ~ty, therefere or thereaher begun, may be prosecuted as if all moneyi secured hereby had matured pnor to its institution. 7. Thet in the event that af the beginning of or at any time pen~ing a~y su~t upcn th;s Mortgage, or to foretlose it, or to reform it, or to enforce peyment of any claims here~nder, said N:ORTGAGEE shall app!y to the Court having junsdlction thereof fo~ the appo~ntment of a Receiver, such Court shall fortFrwith appoi~t a receiver of aaid morigaged property all and singular, indud~ng aIl and s~ngv~ar rhe ir.come, praf~ts, isaues and revenves from whatever sou~ce derived, ench and every of whrch, it being expressly understood, is hereby mortgaged as if spec~ficalty set forth and described in the granting and fiabendum da~ses hereof, and such Re~eiver shall have all the broad and effect~ve funci~ons and powe~s in anywise emrusted by a Couit to a Receiver, and ~uch appointment shail be made by svch Court as an admitted equity and a matter of abse~ute r~gM to said MC7RTGAGEE, and w~rho~t reference to the adequacy or i~adequacy of ihe value of ihe properry mortgaged or to the so'~vency or i~sotvency of said MORTGAGOR or the defendants, an~ rhat such rents, profits, income, iss~es and reven~es shall be appfied by wch Receiver accord~nq to the lien or eqUity of said MORTGAGEE and the prettice of such Go~rt. 8. To duly, prompt;y and fuliy perfarm, discharge, exewte, effect, compiete, co:nply wiih and ab~de by each and every thc stip~latiuns, agreements, conditiena and covenama +n sa~d promissory note and thcs morrgage seT forfh. 9. That ii the event th? ownership of rhe mortgaged premises, or any part thereof, becomes vested in a penon other than 1he MORTGAGOR, the MORTGAGEE, its ~uccessors ard assigns, may, without not~ce to the MORTGAOR, deal with s~ih successor or a~ccesso~ in interest with referente !o thh mortgage and the deot hereby secured in the same manner as vv~`h Mortgago~ w~thout in any way vitiafing or d~scharging The Morrgagors' fiability here- under or upon ihe d=br hereby secured. No sale of thz premises hereby mortgaged ar.d no forbearance on the part of the ~AOP.TGAGEE or its s~ccessors or assigns and no extensien of rhe time for the payment of the debr h~reby sec~red given by the MORTGAGEE or its successors or ass:gns, ~nall operate to release, discharge, modify change or affect the orig~nal I~ao.:~ry of rhe MORTGAGOR herein, either in whole or in part. 10. tt iz speufica!ly agr~~ed rhat time is of the esser,~e of this contract and that no wa~ver uf any obligar~on hereunder or of the obligation se- cured hereby shall at any time thereafter be he'd to be a waiver of the terms hereof or of the instrument iecured herby. I l. In add.tion to the forego r,g mcntnly payments of princ p~l and interest requ:red by ihe prom:ssory no!e s=c~red hereby, mortya~cr covenants and agrees to pay tc mortgagee v.~rh each monrhiy payr-nent an add~~iona! s~n: es~'.~ zted by mortg~gee to be eq~al to 1; 12 of the annca! cost of the fc~low- ing: A-All real p:ope~ty taxes levied or assessed aq3i~~st rhe above deac~ibed real esrate. B-~remflrns on f~re and windstorm insurar~e as here;n requ~red ro be carried r.n the :m.provements s~tuate on tf,c abovc d_x~~bed premises. C-Premi~ms on wch morfgaae guaran?y insvrarce as m~rlgagee shal! from t me to time deem fit to tarry on the ioan secwed hereby. Mortgagee shail from time to time not~fy mcrrgayor in „vrir~ng of the amo:.~~t d~e and p;yable heraunder ard such sum shall ihere~~pon be due and payable en the due date of tne next mo~th!y payrnent and each s~aessive month !heieaf?er ur,til mcrtgagee shall m_tify mor!gagor of a change in w:h amount, Soch sums ahaii be app!ied by mortgagee toward tne payn,ent of real prepe~ty taxes, insurance prem;ums, a:•,d mortgage g~a~anty insurance premiums. IN WITNE55 VJHEREOF, the sa~d MORTGAGOR has h~re~nto set his hand and sea( the day and year first aforeszid. '~Sea d a~/ delivere the p/r~sence of: ~ • ~-~~f---.G' E^ L~ (Seal) I. I. f ~_:.L_i-,I Q V G~~ L fL G ~C~,'l'_ IY C e~ J (Seal) f Se a I) ~ (Seal) STA7E GF F10RIDA "nirtt ~,~-.;A S5. COUNTY OF 1 a ~ Before me personatty appeared _ . • and 7~ v, j e 1~ c his wife, to me weH known and knov~n to me to be fhe individuals described in~end who execu!ed the foregolrg instr~ment, and acknnw;edged 6efore me that they executed the same for the p~rpcxes therein expressed. And the taid ~ i~ ~~`'?''S wife ot the said ~'I''" ~ C!?" ~~pon a sepa.ate and priva}e exeminetion by me taker. separate and apart €ram her sa~d hus~and, acknowledged tu and before me that sfie executed said instrumem freely and valun- terily and without any compulsion, constraint, apprehenslan, ~ ear of or from her said huxband. WITNESS my hand and ofiic;al seal thls_-.~ ~ day of ~O ~s °"~lj° n , A. D. 19 ~ r' - "".7 ~ ~ 9 i Notary Pubfic ir and for the State of Fforida at large My Ccmmission expi s• a~t~-n io: ~'i L E U AN G R E C QR U ~~7 ~o3ary PubGc, Stzt~ ~I F~or~,j; ai lar,e Firtt Federal Saving4 6 loan ,q~sfociat' ,3 ~ O K iNy Commis;~on EXCfrCi t~~•i. 3, F~}~i~ Of F~r! P~erce. t ~_Rg~-•- E:~c_d •'u! A°o; :an Fn~ 6 C~WM'Y CG. ~orr Pierce. Florida /C yp i C~- C/ y . ~ ' . ~ ' '65 f?jC I6 PM 3: II :;,,~~o~,:" ~ ~d`viceJ. , ~ a i~ ~ ' `J - - . C L ~ f~ tC _ . . _ ~ S' • . . ST. ~~_~C~~ COUNTY, . FLORiDA - , : . . ~ . _ . ' - ~ ; - ~~r~:~,i~.3 _ 3~~ ~ . ~ ~ ~