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HomeMy WebLinkAbout1605 3. io place end tonti~uovsly keep on the bui!d~ngs now or heroofter situate on said land and on ali equipmenf and penonally covered by thi• mortg~ ~ga, w~th all premi~rrrs thereon pa~d in fuil, f~re insurance ~n ~he ~s~al standard poli~y form, in a aum acpro~ed by 1he MORTGAGEE, and windsta~m iniurence in the vsuai srsndard pol~cy form, ir, a sum approved by the MORTGAGEE, in such company or compan~es as the MORTGAGEE may direc~; and all fire and w~ndsrorm inivrance poGdes on any of sa~d build~ngs, any inteiest theroin or part thereof, in the aggregete sum eforesaid or ln trxcess thereof, shall coMain the uwal standard mertgagee clause or wch other c~a~se as rhe Mo~igagee mey reqwre, making the losa under fa~d poli- cies, eech and every, payah!e to said MORTGAGEE as ~ts interest may eppear, and each ard every s~ch po!icy shall be promptly ass yned and detivered to any held by said MORTGAGEE as further aecurity to sa~d morryage det~, and, not less than ten (10) days i~ advance of rht expiration of each po!ity, to de~ tive~ to said MORTGAGEE a renewal the~eof, together with a receipt for the premium of such renpwal; and there shall be no fire or windstorm insurante placed on eny of said buildings, any intereit there~n or part thereof, unle~s in the form' and wiih the loss payab'e as aforeiaid; and in the event any sum af money becomes peyoble under wch policy or poGciea said MORTGAGEE ahall have the opt;on to ~eteive and appiy the same on acco~nt o~ the indebtpd- nesa secvred hereby or to permit sald MORTGAGORS to receive and use it or any pan thereof for o~her pu.poses, w~iho~t there o; waivi~~~ ~r unpa;r- ing any equity, lien or right under or by virt~e of this mo:'gage; e~d in the event sa.d MORTGAGORS shaN for any reason fail to keep fhe sa~d ptemise~ ~o ins~red, or fail to deliver promptly any of s~~d policiea of insurence to sa:d MORTGAGEE, cr fail promptly to pay f~tly any premium therefo~ or in any respett fail to perform, discharge, execute, ef!ect, compiete, comply with end abide by This covenont, or any part h~reof, said MGRTGAGEE may piece a~~d pay for euch insurance or any part thereof w~thout watv~ng or affecting any optian, lien, equ~ty, or right under or by virtue of th~s Mongage, and the fuil amounr of each and every auch payment shall be immediateiy due and payable and shall berr interesi from the date thereoi until paid a1 the rate oi nfne per centum pe~ annum and rogeiher w~th such inter~st sha:~ bz secured by the tien of this mortgage. 4. To permit, commit or su#fer no waste, impairment or deteriorotion crf said property or any pan thereaf. 5. io pay alf and singular the.costs, chargea and expen~es, including a rea5onable arrorney's fee and costs of abstractx of tiHe, in,urre~ or paid at eny time by said MORTGAGEE, because cr in the event of the ~a~l~re on !he par? of ;he said h10RTGAGOR to duly, promptty and fully perform, d~scharge. execute, effect, complete, comply wrth ar~d ab~de by each and every rhe sfPp~ia~~on~, agreements, conditions, and covenant~ of sa~d promissory note ar.d th~s mortgage eny or e~ther, and sa:d coats, chargee and experwes, each and every, shall be immed~ately due and payable; whethe+ or not there be not~ce de mand, attempt to cofiect or s~it pending; and the full amount of each and every such payment ahall bear inrerest from the date thereo( ~ntil paid et the rate of nine per c~nrum per annvm; ~nd ai! sa~d cosrs, charges and expenses ;ncurred or paid, together w~th such irterest, shall be Setured by the lien of th~s mertqage. e. rha, (a) in the event of any breach of this Mortgage or defa~it on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein :eferred to be nc! promprry ar.d fully Fa~d wirh'rn th~rty (~0) days next af~er the same severaliy become d~e and payable, without demar.d or notice, or (c) in the event each and every the stipuiations, agreements, conditions ar.d covenants of sa.d promissory note and th~s mortgage eny or either are not ~uly, promptly and fi~ily performed, d scharged, exe;uted, effected, comp(eted, compGed with and abided `sy, then in erther or any such evem the sa~d ag~ yregate sum m?niioned in said promissory note then remaining unpaid, with interest accrued, and ait moneys secured hereby, shall become due and pay , able forthwith, or the~eafter, at the option of tald MORTGAGEE, as fully and complefely as if all of the said sums of money were originelly st~pu!ated to ba paid on s~ch day, anything in sa:d promissury nnte or in th:s Mortgage t~ f5e contrary notw;thstanding; and thereupon pr thereafte~ at the optlon of said MORiGAGEE, w~thout no':ce o~ demand, suit at law or in eq~~ty, sherefore or thereafter begun, may be prosecuted as if all moneys secured hereby had marured prior to rts inst~iution. 7. That in the event rhat at the beginning of or at any time pending any su;t upon fhis Mortgage, or to forcclose it, cr to reiorm i!, or to enforce payment of dny c!aims hereunder, said h1pR?GAGEE shal; apply to the Court naving iur~sd;cron thereof fo~ tYe appo~niment Of a Receiver, such Court shail fort{iwith appo~nt a receive~ of said mortgaged property all and singu~ar, ~n~l~d:ng ail and s~r.gular the intome, profi!s, issues end revenues from whatev~r faurce derived, each end every of w}~:ch, it being expressiy ~nders?ood, is Fereby mertgaged as if ape[~fically set fOrth and described in the granting and habendum clauses hereof, and such Receiver shali have atl the broad and effecrive funct~ons znd powers in anyw~se entrusied by a Court to a Receiver, and such appo~ntm~nt shaff be made by such Co~rt a: an ad-nittrd eqviry and i matte~ of absolu:e right to said MORTGAGEE, and without reference to the adeq~acy or inadequacy of the val~e of the prcperty mortgaqed or to the so.vency or insolvency of saio MORiGAGOR or tne tiefer.dants, and that wch rems, profits, income, issuct and revenues shail be app:;ed by such fteceive: accord~nq to rhe lien or equity of sa"rd MORTGAGEE and the prac~~ce of such Court. 8. To duly, prompt;y and f~ily perform, discharge, execute, effect, complete, comply wiih and abide by each and every the stipulat;on=, agreements, conditions and covenanis in sa~C~ r3fOTiSSGIy nore and tn:s mortgage sst forth. 9. That in the event the ownership of the mortgaged pram~ses, or any part therecf, becomes vesred in a person other than the MORTGAGOR, fhe MORTGAGEE, its successors ar,d ass~gns, may, withovt ncs~ce to thc A4pRTGApR, deal with such successor or s~ccessor in interest with referen,e to tnis mortgage and the d~:tt he;eby secuied in th~ same manr.er as w~th t.lo+tgaqor w~tho~t in a~y way vitiating or d;scharging the Mertgagors' lia6ility here- under or upon the debt here~y secured. No sa'e of fhe Fremises h~reby mortr~aged ar.d no forbeara~~te on the part of the MORTGAGEE ar its wccessors or assiyns anc no exrension of rhe time for tne payment ef the debf hereby secvred g~ven by the .'J:ORTGAGEE or its successors or ass:gns, nhall operate to release, discharge, modify change or affect the original liao:;~ty of the M~RiGAGOR herein, either in who!e or in part. tQ, tt is spectffcaNy agreed rhat time fs of the essence of this cont~ac~ aod that no weiver of any obLgarlon hereunder or o! the obligation se- c~red here5y shaU at any time thereafrer be heid to be a waiver of the terms h~reef or of the instrument secured herby. 11. In addltio~ to the fo~egdrg rnon!h:y payrrents of priec ~~~i and inrer~s? requ:red by tf~e prom sscry no!e ,ecured hereb~, mortgagor eovenants and agrees to pay to mortgagee wifh ~acfi rr.onth y payr.;ent an add~rional sum esr.-r~zred by morr~agee fo be equa! to ) 12 of the annual tosl of the fo;low- ing: A-All reai proF,crty t3xas le•:ied or d55C55!'~ sgi~••,s± tnc ai~a•:e desc~ibed real es'ate. B--Premiums on f~re and w~r,dstorm ~nwrarce as nere~n req~~red to be carried on ih.e n-~rove~neots sitvate on the abeve descrfbed premises. ~-Fremiu:rs on svch rno~tgage g~a~anty irs~ra~ ce as rrsortgseee ahall frcT r Te ?o ti~r.e de::.^t f;t to carry on the ioan sec~red hereby. ~Aor'ga~ee shail frem t!me to tl~~e no'ify mort~a3or m wr;`;r.g of the a~oo~t due and payab!e hereund~; and such sum sha;l !ficreupon 6e due a,^.d Fayab!e on iF.•. d~e da!e oi rhe nn.t mo^th;y pay~,~.nr a,~,d e~ch 5~•ccessive ~ronth inerea4!or ur.tll mortqayee shali notify morreagor of a change in such ~mount. Su.h ;~ms sFaii be app!:e:i b~ mc-rrga_ee rawa•d rl;e pe~,o;ent of rea! prc~.erty f~xes, inswa~ce prcm ums, a,~d mortgage a~a.anty insur;nce pre~'~iums. IN VlITNE55 '."rHEREOf, the sa~d rJ~OR7GAGOR h~s h=reunto set h~s hard and seal the day and year fint aforesaid. ~~~ned, ~Sealed and de!ivered i. _the presence o!: r~.~ ^ ;~„~~T.l~ C z. ~v i .L'~v~.t*-¢ ~c•~ . t:~_ ~.E~i''C, 1_ (Seal) ~ -i~ ~i _ .is tt ~ - ~ (Seel) ~ ~c~a~~ (SealJ 7E QF FtORIDA Y ` COLiNTY OF ~__~`'~~~.uC1E ~ Before me persenally appeared ATnO ~ . T a h 1 i e r~ ,S I' , ~ an~J ._Ethe 1_Tahlier _ h~s w+fe, to mr we~f,known'ond`~Et~qwn fo me io be the individuals described in and wne exe.ured thA iore oing insTrument, and ackr,a~'edged before me ihat they ei[eGUtc?d~}~~~sa ~df,,the purposes therein expressed. And the said Ethe~ ~ahlier ' wife or the said AEt10~ . Tahlier, SI'. _f -~`~upbFre~~e,pbrale ~d privete ezeminaticn by me taken separzte and apart frpm 7~er sa~d h~sband, acknowiedged to and beic,re ma tnat she ek£evt~ sAid ins~rument,fry~ely li~d volun- tarily and w~thcut eny compulsion, censtra~nt, appretier.s:on, or fear of or from her said husbar,d. L.' _ • t ' , _ , WITNE55 my hand ar.d officij; seal tn:s_`_~~ day of_ I' _ jq~ p,~t9_ 6~ r l ' _ Notary Pvb!ic in ar.d for the: $1~(e:~~ ,~~orida et Lerge My Commi~siun ezpi~ea: ~1 -1t;,',3'~ ~f P,eturn To; first Federai SavLiys L Lcan As;ec a!::n ~ilfr tN~K, St+te af Florids a~t tar~e oF F"-t P~.~e ~~~~D ~.~I ~ p 1Csr~mission Expires h~t. 23, 14b! Fo„ P~e,c•_~. F,~~,ida ~ r n e o fl o d a ~~r--~de. {r AT.~1cs•. F~,. +6 C.u~k. C.. . ' ~1~8~.~CCOF~-•-~~OK -l ' . rx._1 1?~C I 7 P~~! OS : . . ~ _ , r~; • . ~ . " : ~ s ~a ~ F~ i) v i _ . r. ~ • ~ - s ~~Jc~c c~a'~ ; L~r,Y, . , ~ , u,~rY, . ~ . ~~o~r~a ,r,k. ~ -