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Home My WebLink About1603 3. io plate and continvovsly keep on the bu~~dings now or hereafter srtuate on said land and on all equ~pment and p^rsonally covered by thi~ mortg- age, with ell premiunrs thereon pa!d in full, fire ins~rance in the ~~s~al standaid poiic/ f.~rm, i~ a su:n approved by the MORiGAGEE, and windatorm insuronce in the usual sfanderd pof,cy form, in e s~m aporo~ed 6y the MOR~GAGEE, in such company or companies es the MORiGAGEE may di~ect; and all fire and w~ndsrorm insurance pol~c~ee on any of sa~d bu~ld~ngs, eny in!erest therein or part 1he~rof, in rhe agq~egate sum afore:aid or in exces• the~eof, shal! toMa~n the usual itandard morrgagee cla~se or such other clause as the Ma~tgagee may requ~re, making ~he los~ under ia~d poli- cies, each and every, payab!e to sald MpR7GAGEE es ~ts interest may appear, and each and eve~y such po!icy shail be promptiy eai gned a~d delivered to •ny held by seid M4RfGAGEE as further security to safd m~rtgage debt, and, not less than ten (101 days in advance of the expiratlon of each po~icy, to de- liver to said MORTGAGEE a renewal thereof, fogerher wirh a rece~pt fo~ Ihe premium of such renrwal; and there shJ11 be no fire o~ windsto~m insurentt plated pn a~y o1 said bui!dings, any in!ereet there~n or part thereof, vnless in the form' end with the loss paya6le as aforeseid; and in the evem any :um of money brcome~ payable under wch policy or pol~cies said MORiGAGEE nhail have the opt~on ro receive and apply the same on accovnt o~f the indebted- rtesa ~ecu~ed hereby or to permit said MORTGAGORS to reteive and use lt or any pa~t rnareof fo~ otner E;urE~oses, v~~ihc~t tha•rb~ wai~~o~ or ~~npair- ing any equ~ty, lien or right under or by virtur. of thls mu:'gage; and in tht event ia~d MORTGAGQR$ shall for any reason fail to Reep the aaid premisei so iniured, or tai! to deliver promatty any oi sa~d pol~cies of ineuronce to said MORTGAGEE, or fa~; promotly to pay ful;y any premi~m therefor or in any rospect fail to perform, discharge, execute, effect, compkte, comply wifh end abide by th~s covenant, or any part hereof, said MORTGAGEE may plate and pay for such insurance or any pert thereof w~thout walving or affecting any option, tien, eqv~ty, or right under or by virtue of rhis Morigage, and the lull amount of each end every auch payment shall be immedietely due and payable and shali b?ar interest from the dare ihercof until pa~d at rhe rate o1 nine per centum per annum and togethe~ with wth interest ahall be setured by ihe lier of this mortgage. 4, To permit, commit or suffer no waste, impairment or deteriorarion ot said property or any part thereof. 5. To pay all end singufar rhe ~costs, charges and expenaes, induding a reasonabte anorney'~ fee and costs of absfracts of title, in~~rrrd or paid at eny time by ~aid MpRTGAGEE, beta~se or in the event oE the failure on the part of the said MORTGAGOR to duly, promptly and fully oertorm, d~scharge. exe.ute, effect, tompfete, comp!y w~th and ab;de by each and every the st~pulations, agreernents, conditions, and covenants of ia+d prcmissory note and rh~s mortg~g~ any or e~the~, and sa:d costs, charges and expenses, each and every, ahall be immediatety due and payable; whether or not there be norice dz man~), attempt to collect or wit pending; and the tull amount of each and every s~ch payment shall bea~ interest from the da~e rhereof omil pa~d at the rate of n~ne per cen!um per annum; and al; said costs, charges and expenses incurred or paid, together w~th s~ch enterost, sha!! be secured by the lien of th~s mortgaqe, 0. That (a) in the evem of any breach of this Mortgage or default on the part of the MQRTGAGOR, or (b) ~n the event any of ssid eums of mo~ey herein referred to be net promptly dnd fully paid wi~hin th~rty (30) days next afrer rhe samz severa!!y becomc due and payaL!e, without demend or not~ce, or (c) in the eve~t each and every the stipu!ations, agreements, cor.ditions and Co~enants of sa d promissory note and Ih~s mortgage any Or eithar are not ~uly, promptly and fuliy perforned, d:scharged, executed, effected, tompleted, compLed wrth and ab~ded `~y, then in either or any such event the aa~d eg- gregate ~um mentioned in said promisaory r.ote then remaining unpald, with interest accrued, and a;l moneys secured hereby, shall become due and pay- able forthwith, o! thereafter, at ;he optlon of sa~d MORTGAGEE, as fully and completely as if all of the said sums oi money were originally st~pulated to be paid on such d~:y, anything in sald promissory note or in this Mortgage to the contrary notwithstand;ng; and ~hereupon or thereafter at fhe option of said MORSGAGEE, w~rhout no}~ce o~ demand, s~~t et law or in equity, therefore or thereafter beg~n, may be prosecuted rs if all moneys secured hereby had matured pr~or to ~rs institufion. 7, That in ihe event ~f,at at ihe beginning of o~ at any time pend~ng any su~t upon rhis Mortgage, or to foreclose if, o~ fq reform it, or to enforce payment of any daims hereur.dar, sa:d M,ORTGAGEE SF~all apply to the Co~rt having ~vr~sd.ction thereof fer the appo.n!mem of a Receiver, s~ch Courf sha:i FortFiwith appoint a recei~er of aa~d mertgaged property all and singular, inc;ud ng ail a~~d s~ng~lar !he income, profns, issues and revenues from whatever source derived, each an-! every of wh'ch, ,r being e~cpressly undefsrood, is hereby mo,-tgaged as if ap=c~f~caily set fonh and descr~bed in the granting and habendum tlauses hereof, and such Receiver shall have ali the broad an~ effective tunct.onz and powers in anywise emrusred by a Court fo a Recciver, and tuch appoiniment shail 6e made by s~ch Court as sn admiHed equity ard a matter of absclure r:ght to said htOkTGAGEE, and without reference to the edequaty or inadequacy of the value of !he property mortqaged or to tiie ao.vency or insclvency of sairi MORTGAGOR o~ the defendants, and that svch rents, prof;ts, income, iuues and revenues shall be appiied by svch Receiver accord~r,9 to the lisn or equity of said MORTGAGEE and the pract~ce of wch Court. S. To duly, prompYy and fvily perform, d~scharge, exec~re, effect, complete, ca~~ply wlth and abfde by each and every the st~pulat;onl, agreements, conditions and covenants ~n said promissory nete and th~x mortgage set fonh. 9, 7har in tfie event the ownership of the mvrtgaged premises, or any part thcreof, Lecomes vested in a person other than the h10RfGkGOR, the MORTGAGfc, its successars and assigns, may, witFout noti;e to the MORTGAOR, deal w~th such s~ccessor nr succetsor ~n interest ~vith reference ro ih;s mortgage and the deht hereby sec~red in thp same manner as whh Mortgago~ without in eny way vitiating or d~scharging the 1.1ortg~gor3' liability here- under or upon the dtbt hereby secured. No sa!e of the premise: hareby mortgaged and no fOrbea~an~e on thz Farl of the 1hORTGAGEE or its successors or assigns and no extension of the time for the payment of th? debr h~re6y set~red 9iven by rhe MORTGAGEE or its successors or ass:gns, ai~all operate fo release, d~scharge, modify thar.ge or zffect the original Iia~IGty of the MORTGAGOR herein, either in whofe or in part. 10. h is specifita~ly agreed tFat time is of the essence oF !h~s con!racr and ;har no waiver of any ool+gatlon hareunder or of the ~b!igation se- ~;,red hereby shali at any time the~eafter be held to be a waive; of the terms hereof or of the instrument eecured herby. 11. !n add.t:on to the foreno'r.g month!y payr.,=nts of pri^c ppI ar.d fnterest requ~red by the prom ssery r.ore sec~red hereb~, mor?gagor covenants and agrees to pay to mortgagee ~with each month;y payn:ent an add~~~onal s~m eshn,ated b~ mor!gagee ro be equzl to 1; i2 of ±~e art~ua; ccst uf the foliow- ing: A-A~! real property taxes ~evie~' or assessed aga~-,st thc acove described real estate. B-Gremiums on flre and w~ndsro~~n ~nwrarce as he~e;n requ;red to be carrfed c~, the ~mr.ovements s'tuare on the above desc~~bed premisea. C-Premiums on svch mortga~e guarant~ inwra~,ce as mertgagee shaN fro~r r rne to t:me deem {it ro carry on the loart secvred hereby. Mortgagee shai! frem tim~ to rime no~~~y morrgagcr ~n ,vr,t~ng ~f the amou~t d~e and payabte Fere~nder and such sum sh~ll thereupon be due and payab~e on ihe d~e da!e ef ?he ncxt n•,onthiy payme:,r 2r~~ e_th s~~ccessive mon!h !hereafr~r uctil m.crtgagee sha!I not;fy morigayor cf a cnange in such amour.t. Such sums s'ra i 6e appi:ed br merigagce rov:a~d ti,e payment of rea: preperiy taxes, +nsvra:~ce ~+rem:u.ms, and morrgage yua~anty insurar.:e premiums. IN VJITNESS `~+'HC'EOF, the sa:d h10RTGAGCR has hereunto set his hard ar.d seai the day ar~d year first aforesaid. ig , Seal ~+~etivered in t rese~ce of: f ~ .1 _ yr. . ~ ~ (Seal) `2~ - - (See I) - (Seal) (Sea I) $7ATE OF FLOR{DA ~ SS. COUNTY OF S ~,__~~C~, ~ Befcre me personaliy appeared ~,;1 (~~C? T~~l pr and Or~ ~ Cl~' F~flV1,OZ' _ his w~fe, ro me well kn~Wn and knoHrn to me to be the individuals descr~6ed in ard who exec~ted the foregoing instrument, and acknowledged before me that they executed the same for the purposex therein expressed. And tha s~;9 C 1 o t i 1 d e F T av 1 o r r wif~ ot,+h~ aai~V LlOy C~ Ta~lor „~o;, a separate and pr~vate examinatioo by me takcn separate and apart !rorn her sa~d husband, etknowfedged to and before me that she executed said instrurrtent {reeiy and volun- rarily.-.Y7id without a~y compulsbn, constrainr, a~prehens on, or~t:r of or from her said husbar,d. c ' WITNtSS~ my Eiand and'oifkial seal thls_ _1~-_~__ day or_ December A. D. 19_5:~.. , . ~ _ ---J%~ -s,t s1 ~i''_~~ ~ ' ~tary Pubfi~ in and for the State of Florida et Large My Commission expires: . . ~ . Retyrq.~'o: ~~-FF,+£~-k: STA~~-F.F-*-i.GL!" ' ~ r ~ r Pirst FedersT Sbv~S' 3 loan Associai;cn of F~., P,<«~ FlIED AND R~COPtD~D ~-~f-~.'~,~;,~;~~+~,y_~_~.. Fcrt ~ie~ce, Fi. r:dj i? ~pP~~ ?7 ~ ~ K ~ ~ ; ~ ~~~-?E=--'Cc--0~.~~~~-~ ' • . : 'S5 DEC I7 Pf~ : OS r'r ~ ~ ~~~z.r. _ ~ : - .~Y' ~ ~r ~ . v , , . ~.~r'~-"Srr~, .ou, ~ f~.. , LY. Jlft7ll 7 _ . . ~ - ~ ' l~.i , . . . . ~ , . - - - C,LERK . ~ ~ . . ; RQ ~ ~ ~LU G ~ ~ G ~ ~i.~ Y. Notary Pubtic, srace ot F~or,d3 ;t LaT~ , ~ , ~ My Corr~mission Expires Marcn i$, 1968'' ~LOE~I~A Bonaed By American Surety Ce. o~ ~v. r: " aoc~~ ~