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HomeMy WebLinkAbout1686 .i 3. io place end continuousiy keep on the ~u~'d~ngs now or hereafter ~nuate cn sa~d !and ard on a!: eq~ipmtnt and pcrsonally coverrd by thit mortg- ~ga, with efl prern~unq thereon pa d in fu!1, (~r~ ins~rance ~n ihr vwai star.uard policy form, ;n a s~m aHpro~ed by the h1JR:v~ GEE, and w~~ds~orm insutenct in ihe ~sual s~anda.d po!~ty form, in a s~m eppro~ed by the MORTGAGEE, in such tompany or tompames se the MORTGAGEE mey d~rect; and atl fire and w;ndstorm inwrence pe;icies on any of ~a~d bui'd~ngs, eny intrrest ~ht•ein or part Ihereof, in the aggrega~e sum sforetaid or in extrss thereof, sha!I con!ain the ~su~~ s~ar.dard marrgagee dause or such other ciause as the Mortyagee may requ~re, making tne loss under ~a~d poli- cies, each and eyety, payab'e to said M~RTGAGEE as ~ts intertst may appear, and tath and every svch po:icy ~h~il be prompNy ass gned er.d deti~ertd to sny held by sald MORTGAGEE az f~rther security to sa~d morrgage debt, and, not les~ than fen (10) days in ad~ance of the expiret~on of each pol~cy, ro de• liver to said MORiGAGEE a renewal the~eof, together with a receipt for the p~em~um of s~ch renewal; and there shall be no t~re o+ windstonn ins~rance plated on any of ta~d buildings, eny interest there~n or per~ thereof, unL~ss in thc form'snd with rhe loss payab!e as aforesaid; and in the eveM any s~~m of money become~ payab:e under such policy or pofcies said MORTGAGEE shall have the opt~on tri rece~ve and apply the same on account o~ the indebted- ne~s secured here5y or to permit ssid MORTGAGORS to reteive and use it or any part rhe~eof fc~ eshi~r p~r; ~ses, v+~~ho~t th~~eor .va~v~o3 „r ,mpa,r- ing a~y equity, Ilen or r~ght ur.der ~r by virtue of this mo:tgege; and in the event sa',d MORTGAGORS shali for any reason fa~l to keep rhe iaid prem~ses so inwred, or fail to deliver promptly any of said poGcies of insv~ance to said MORTGAGEE, er fa~! promptly to pay fuliy any prem~um therefo~ or in a~y reipect feil ro perform, d~scharge, e:ec~re, effect, complet!!, comply with and abide by th~s covenan~, or any part hereof, said MORTGAGEE may p~ace and pay for s~ch insu-anc~ or any part thereo4 witho~t walving or nffetting any option, lien, equity, or right vnder or by virtue oi this Mortgage, and the full amount of eath and evary such payment shall be immediately du~ and peyable and shalf bear interest irorn the date thereof until paid at the rate ot n~r.e per centum per annu~n and to~ether ~n.-ith such inre~est sha:i be s~cured by the iien vf this mortgage. 4. To permit, commit oe auffer no waste, impairment or deterioration af sa~d property or e~y part thcreof. 5. To pay all and singu!ar the•tosts, charges and expenses, ~nduding a reasonaole atromey's fee and costs of abstro:ts of title, in:urred or paid at ~ any time by said MCRivAGEE, becaus~ or in the event of the (ailure on ihe part of ;hc said MORTGAGOR to duly, promptly and f~tly perform, dncharqe. exec~te, ef(ect, compiete, to-nply w~th and eb:de by each and every rhe stipu!at~ons, agreemenrs, conditions, and covenants of taid promissory ncte and th~s mctgage eny or e~ther, and aa,d costi, cnarges and expenses, each and every, shall be immediately d~e and payeble; whether ot not therr be notice d`- mend, attempt ta coliect or suit pending; and the full amo~nt of each and e~ery such payment shall bear entere:t from the data thereof unti! paid at the rate of nine per centum per annurn; and alI said tosts, charges and expenses incurred or paid, ~ogether w~th s~ch interest, shali be secured by Yhe lien of tn~s morrgage. 6. That (e) in the event of any breach of th?s Mo~tgage or default on the par~ of the MORTGAGOR, or (b) in the event eny of s~~d s~ms of money herein referred to be net prompriy ard fu11y paid wiih~n thlrty (30) days next afrer the same severa;ty become due and payable, wifhovt demend or notice, or (c) in the eve~t each and every the stipulations, agreements, condrtions and tovenants of sa d promissory note and this mortgage any or eilher are not ~uiy, promptly and i~liy performed, dlscharged, executed, efEected, completed, comp;;ed with and ab~ded tiy, tnert fn either ar any svch event the sald ag~ greqate sum memioned in said prorrvssory note then remaining unpaid, with interest accrued, and all mnneys sewred hereby, shail betome due and pay able Forthwith, or rhereafrer, at the option of said ~10RTGAGEE, as fully and mmplerely as if all of the satd sums of money were or~ginatly st~pulated to be pa:d on such day, anything in sa d promissory note or in this Mortgage to the contrary notwithstand:rg; and thereupon or thereafter at the option of seid MORTGAGEE, without noKCe nr aemand, suit at law or in equity, therefore or thereatter begvn, may 6e prosecuted as if all moneys sewred hereby had matured pr~or to ~ts ins~it~t~c,n. 7. That in the e~enr that ai ihe beginn~ng of or at any time pend~ng aay SUt1 upon th~s Mortgage, or to foredosa it, or to refcrm it, or to enforce paymenf of any c~au:~s hereund~r, said ".10RTGAGEE sha,l apply to the C~urt having junsd ct:.on thereof tor fhe appo~ntmem of a Receiver, s~ch Court shail fcrtiiwith appeint a~eceive~ of said mortgaged property all and sing~lar, inc!udmg ail and sing~la~ the ir.ceme, prof~!s, iasues and reven~es from whatever source derived, each and every of wh~ch, ir being express:y ~ndersreod, is I':ereby mor~gaged as if spec;fically ~et forth and destribed in the granting ard habendum cla~ses hereof, and wch Receiver shali have a!I tne bread and effec~ive funct,ons and powers in anyw~se entr~ated by a Court to a Recerver, and tuch appointment shall be made by s~ch Court as an ad~nitted equiry and a matter of abso:~te right to said h1URTGAGEE, and w~tnout ~eference to the adeqvacy or inadeqvacy of the value of ~he property mortgaged or to the so:venty cr inscivency of said MORiGAGOR br the defendants, and rhat such rents, prof~ts, income, iswes and reven~es shall be appiied 6y s~ch Receiver aicord~ng to the ~~en or equity of said MORTGAGEE ar.d ihe practice of such Court. 8. To duly, orompt'y ~nd fully peifcrm, discha~ge, execute, ef~ect, comple!e, c~rnply w;rh and abide by each and every ihe st~pulations, agreemems, tor,ditiona and covenants ~n sa~d prom~ssory note and this mcrtgage xet forth. 9. That in the event the owrerzhip of ihe morrgaged prem~s-s, or any part ihereof, cecomes vested in a person other than the MORTGAGOR, ihe MORTGAGEE, its successon and ass~gns, may, wiiheut notice co the ~110RTGHOP., deal h~!h scch successor or svccessor in lr,teres~ v~ith reference to thia = morrgage and the debt hereby secured in the same manner as whh h1,•tgago~ without in any way vit~ating or d scF~arg~rg the /Aortgagors' tiabi!ity here• ~ under or upon the debt hereby sewred. No sale of the premises hereby mongaged znd no forbearance on the pact of the MORTGAGEE or its successors or ass~gns and no exters~on of the t~me for the paymenf of the deb+ h~reby sec~~ed g~ven by the MOP,TGAGEE or irs successors or asslgns, ahall operate to release, d~scharge, mod~iy change or affett ihe o~ialnai liao~lity of the MORTGAGOR h~r~~n, either in wh~ie or in part. 10. 1t is sp~cifically agreed that time is of the esser.~e of this contrart and that no waiver of any ob~'gai~on hereu~ue~ or af the obligation ae- t~red hereby sha:i at any tin,~ thereafter be held to be a warver of the terms hereof or of the insrr~ment se.ured herby. 11. In add.t[o~ +o tFe foiego'r,g rrontF!y payment5 of prir;c pd~ end inr~.~st req~~~~ed 'oy 4he p~o~n ssory nete se.ured he~eu~, mortyagor covenants ~ a^d agrees ro pay to mortgagee w~th each mon!h.y pa~rnent an ac;d,rional wm es! ~.ared by ~r.orty~gee tc be equai to i, 12 or ~t:e an~'~ual cost of the follow- in9: A-All real property t3:es lev~e~ or assessed ag~i^~st it•.e ah,ve desv~6ed rea! estare. 6-Prem;u~ns on 41re and v:indsrorm ins~~iarce as herein req~;red to be carrie;i c~ the :m,;rovements s~tuate en ±ne above dcsc~ibed premisrs. C-Premiums cn such mortgage guar3nty insvra-,ce as mo~t~agee shall fror, r~r•e to e deer~ fit to carry on the loan sec~!ed Fereby. Mortgagee sha'I from time to t~rr~e no!if~ mortcagor ~n :~.r~'Ing of the amc~~t d.:e and payal;!e hereundar and such s~~m shall there~pon be due a^d payable on tne du? da!e of the _..t month'y payrr~•r and e~ch s~ccessive To~,rt~ !F~PrE3f!C/ ucn: mcrtgagee shai~ not~fy mertgayour ct a cl,ange ir wch amount. S~ch sums sha i be appii~-ci by rnertga~ee tor:ard the pay;neni of real p~c;:erty t~ces, insu~ancz prem:~mz, a~d mortgage guarar.ty insurance p~emiums. IN VJITN[55 ~"rHEREOf, the said MOkTGAGOR has hnreu~tp set his hand ard 5eal the day and y r first aforasa~d. 5~ led d ei~ver d"n presence of: ~if,, - ~ ~ ~ ~ (Seai) / ~(Se a l ) _ _ (5eal) - (Seal) STATE Of FLORIDA ~ c~ . ~ 55. C~tJNTY OF r ' , t-~'.~...~ ° _ I ' Before me personally appeared m` o '-r. ( °r c.", ~ - - ard ~ ~ ' f' ~ ' ° ~ _ hls •N~fe, to me •.vell knovrn and krcwn to me to be the individuals descr~bed in and who e,cec~ted tha foregoing insrruR,ent, and atknawfedged 6efore me that they ezecuted the sarne for tne purposes T.~i ~ (7r.r~.r~, »ror.pr.~~ ~hercin ex~ressed. Ar,d rhe said___._- - - - - rP}~ ~ '.T c o,-, n n~~ wife ot the said ~ •i ~ - v~~on a separate and priva+e examinat;on by me taken separate and apart !rom her sa d husb~nd, atknow!edged to and before me that ehe executed sa~d instruroent freely and volun- tarily and wirhouf any co~,p~!sion, consrra~nt, app*enens,or., ofy(ear of cr from her said husband. . p r~ ~O Tlpnnr-~}~~ WlTNESS my 'nand and offi;~al seai thi;_ day cf_- - ' A. D. 19_ P~otar;~ Publi~ in and for the 51ate of Florida at large h',y Comm~svcn expire ~ ~otary P,~'..:, S.at~~ ai f?crida at Large Return To: Pirat Pederai Savir.ga 3 ioan Asso:iat,cn ' MY ~O:r`~;S%I~!1 E%,~i'es No~~. 3, i9b9 Of loft P~.e~o=. ~ F-:.!•3 tr A;~..,.:r.: F:~ Cu~iy Fort Pier;:e. Ff~r:da Np Rr~CO~ ~~p1~ : • s> • ``E~ p';- ~E~~" ' . . ~ ~ .,~~~-~3 c.~b~-, g : „ y~ •~,~~~f-- ~M 1 . '~•°~,~~1 £r~ , ' = t ' ~ f)„ =.'rerJ r.~ ~ ~~l ~ '6~ ~E ~~~v~ ! ~r E'~~ L'..., c~ I'~ ~ ~ : f - ~'r ~ ~ : ~N~ ~t , r , ; ~ K~Ut"C,I..V~~~ ~p` ~ ~ , c~~ • ~ ~p~l _ ~ . • ~ ~ . ~~K ~.33 .4~0 _ _ .