HomeMy WebLinkAbout1737 3. To plece and cont~nuou~ly keep on the bu~'d~nge now or he~eatter ~~tuate on sa~d Iand and on ati equip~nent ar,d pe+s~~a!~y covered by thit mottg•
~~a, whh all premiv~ri thereon pa;d in fuil, fire insu~ance m thr usua~ stendard pu'icy fonn, ,n a wm appro~ed by Ihe 1s~UR~GAGfE, and winditorm
~nsurance in tha ~auat i~anda.d pot,cy form, in a sum eppro~ed by ihe MORTGAGEE, ~n such tompeny or compan~es an the r.10QTGAGEE may
direch and al! fi~e and w~ne~NOim insurance policies on any oF sa~d buitd~ngs, any intere~t there~n er part thereof, in ~he aggregate ti~m aforesaid or
In extrs• thereoF, fhell contain iha usual siandard mort~e9ee clause or s~ch other clause as the Mortgagee rnay req~~re. making ~he ioss ~nder sa~d po~i-
ci~~, each and nvery, payab~e to said MORTGAGEE as ~ts ir~tereat may appear, end each and every :~ch poilc~ shail be promptly ess aned and de!irered ~o
•ny held by sa~d MORiGAGEE ei further sec~rity ro said mor!gage dzUt, and, not tes~ than ten (10) daye in ed+ance of tfie exp~~a~~on of each poGcy, ro de-
Gver ro iaid MORTGAGEE a renewal thereof, together with e recelpt for the premium of such ranewal; and ihere shail be no f~~e or windsto~m infurance
pleced on any of seid 4uildings, any interest ihtrpin or pert ~hereof, unlesx in the fo~n'and with the loss payable as aforeseid; and in thc event eny s~m
of money becomes payabte under tuch poGty or pol~cies ta~d MCRTGAGEE shall have !he option to recerve and apply tfie same on accoum o~f tha indebted•
nes~ tecvred hereby or to perm~t sa~d MORTGAGORS ro receive and use it o~ any po~f tl'e:eoF tor orr~•r {-ur4~ose5, w~ihoct ~h o~ .va~~~~~~ or ~~„pair-
ing e~y equ~ty, ~ien or right ~nde~ or by virtue of ihis mort9age; and in she evem sald MORTGAGORS sha!I for any reafon fail to keea the said premise~ so
inaured, or fail to deliver promptly any of said pol~c:es of insurence to sa~d MORTGAGEE, or fai! promptly to pay fully any prem~um theretor or in any
re~pect feil to pe~form, d~scharge, execute, effect, complePe, comply wirh and eb~de by this covenam, or any part hareof, sa~d h1GRTGAGEE may piace and
pay for such insurance or any parl thereof without walving or affecting any option, lien, eq~~ty, or righ! under or by virtue of ti7is Mortgage, and the
fuil emount of each and every svch payment shall be 4mmediarely d~e and payable end ihaii bear intereat from the date tt,ereof un~il p~~d ai the rate ot
nine per ~~m~m per annum and to~ether vai!h wch interest shali be secured by the i~en of this mortgage.
To permir, commit or suffer no waste, impairment or dete:iorat~on of aaid p~operty or any pert thereofi.
5. To pey al! and singular the ~costs, tharges and expenses, including a reaso~able attorney's fee and costs oi abstr_cts of title, incurred e~ paid at ~
eny time by sa+d MORTGAGEE, betaus! or in the event of the fa~lure on fhe pnrt of the said MORTGAGOR to duly, prompt~y and f~!ly per(orm, d~scharge
execute, effect, complete, comply with and ab;de 6y tach and every the sYrpulnt~ons, agreements, tonditions, and ccvenants of said promissory nate and thi~
mortgage any or e~ther, and sa'd cosrs, chargea and experxes, each end every, shail be immediately due and payeole; whMher or not there be no~~c~ dr
mand, attempt to collect or s~it pend~ny; and the full amount of each end e~ery 3uch payment shatl bear interes~ from the date thereof unt~l paid et N,e
rate of n~ne per crntum oer annum; and all said ces!s, charges ano expenses ;nwrred or paid, tegether w~th such intereit, shalt be sec~red by ihe lien of thia
morrgage.
0. That (a) in the event of any breach of this Mortgage or defauit on the part of the MORTi,AGOR, or (bl in the evern eny of sa!d fUmb of money
herein referred to be not proinptly and fully paid w~thm th!r~y f301 days nex~ a.'rer ihe same seve~a!iy become Jue and payable, w~~haut demand or notice,
or (c) in !he evertt each and every the stipu~at;ons, agreemems, conditlons and covenants of sa.d promissory note nnd th~s mor!gage any or either are no1
~uly, promptly and fully performecl, d~scharged, executed, effec:ed, compieted, compl~ed wrth and ab:ded Sy, then in e:the~ ~r any svch event ihe sa~d ag
p~egate sum mentioned in said prom+ssary note then re~na~ning ur.paid, with intere.t acuved, and a!I moneys secured hereby, shail become d~e and pay
eble forthwirh, or rhereafter, at +he eption of sa;d h10RTGAGEE, as f~lly and compleiely as if all of H:e sa;d svms of rnoney were or,ginaily tir~pulated
to be paid on such day, anything in sa:d prom~ssory note or in this Mor!gage to the comra~y notwithstanding; and thereupon or thereafier a~ the opt~on of
faid MORTGAGE"c, without norice or demand, suit at law or in equity, therefore or thereaftar beg~n, may be prosecuted as if ail maneys secured hereby
had matured pr~or ro its institu~~on.
7. That in the event ihat at !ha beginn:ny of or at any time pending any su~t ~pc~ th~s M,ortyage, or to foreclcse it, or to reform it, or to enforte
payment of any claims he~eunder, said MURTGAGEE shail app!y to the Court having jur sd,cron thcrc•of for the appo~nm;ent ~f a Rece~ver, such Co~~rt shaii
foriFiwith appoint a receiver of said mortgaged property ali and sir.gular, inciud.ng ali and s~ngv'ar the inccme, p~of~ts, issues a^d revenuea from v.hatever
Fource derived, each and every of wh~ch, it being exo~ess!y ~ndrrsrood. ~s her~by mo.!9aard as ~f spec~f~caL'y set for~h and desu~bed in th? 9rdntin~ and
hebendvm clauses hereof, and such Reteiver sha!f have all the broad and effeUive funcr•ons and powers in anywise emrustcd by a Cou~t to a Receiver, ard
suth appointment shall be r* ede by w<h Court as an ad nitted equ~ry and a mafter of abso~ute r~gFrt to sz~d M02TGAG[E, and without reference to the
edequaCy ~r inadeqvaty of the value of the property mortgaged or to the sevency or In;o!sency of said MORiGAGOR or the defe~~dants, and !hat s~ch
rents, profits, income, issues and rever,ves shalf be applied by such Receiver ac.ord.nq ro the lien or equity ot sa d MORTGi+GEE ar.d the practlce of auch
Court.
8. To duly, prompNy ar.d fu!!y perform, discharae, execute, effecr, coT.piete, comF;ly w~in nnd a6ide by each and every the s'~pu'ations, agreements,
condit~ons and covenants ~n sa~d prom;sso~y note and th~s n•,or'gage set forrh.
9. That in the event the ownersh'p ef the morgaged prern~ses, or any part shcreof, becomes ves~ed in a person other than the MOR'GAGOR, the
MORTGAGEE, its s~ccessorc and ass~gns, rr,~y, without nof~ce ro t6e ~.':ORTGAbR, drai w~th such successer or successor in ~nterest w:th refe~erce to thls
ma.tgage and the d~b1 hereby secured in the aame manr.er as with Mortgagor w~thout in any way vihating or d:scharging the J.lertgagors' liac:lity he~e-
under or upon the debt hereby securea. No saie of the Grem~ses hereby mo~tgaged and no forbearance on the part of the 7.10RTGAGEE or its successors
or assigns and no ext~nsion of the time for the paymenr o' ehe debt h~reby sec~~ed g~ver, by the ;1.ORTGAGEE or its s~ccessors cr ass.gns, a~:a!I operate
lo re~ease, d~stharge, mod~fy change or zftect the o~iglnal Ga~+:i~ty of the NORTGAGOR he:ein, either in whole or in pa~t.
10. It is specifically ag~eed that t~me is of the essence of th~s contract and that r.v weiver of any cb'~gst.cn hereur,dcr or c,f the obligation sr
c~:ed hereby shali at any time thereaFter be held to be a waiver of the terms hercof or of tFe instr~ment secu~ed he~by.
i l. Ir. add:t:a~ to +he forege:rg menth!y payn•ents of pr~nc ,^,~I and ~~~e~esr re~u•red by !he prom s>:ry re~e soc~^ed h_-cb;, r.-ortgagot eovena~ts
a~d agrees to pay to ino;tgag?e with eacr, ~ron+hiy pa~~~e~t an ac:d r~onal su~n es~ +aied by mc~syagee ro Le eqva! ro 1 i2 oi ti.> ~r, ~al cost of the toiiow-
ing:
A-All real proper±y taxes le•.i~ ~ o! ass~ssed a7;~• st s6^ acove descr, ;c.d reai esr.~•e.
S-premiums on fire and w~ndsro~m Ins~ra^ce az i~ere:n requ red to be carned cn the m,:rovemenrs 5'VdiP on the abov~ d^scr:bed ~rem~ses.
C-Prem~ums on svch mortgage guaranty irsu~a~ ~.e as m:~tqa7ee sna~l fro•*^ i n•,e ro t~-re deerz f~! to car~y on the loan seco-ed hereby.
N~ortgagee snall frcT, time to time ~orify mc~t,_ag~r m wrI!;ng of the arro,:~t do•~ and payah!e hereundzr and svch s~rn sha11 tL•ereupon be due and
payab!e or, the due oa!e ct rhe r~ert month'~ p~yTC;~.° a~~,d each s~rcess~ve ~r~;~h !ne~eafrer ur!il mc~tga~e~ shali not~fy n~ortga?or ef a change in s~ch
amount. S~ch sums sha''i te app ied by moctqagee fo•'.a'd the payrren~ cf re3! E.reperrr ta*es, insur~n;? prem:urr:s, ~id n.ortqage g~aranty iniurance
premiums.
IN WITNESS VIHEREOF, the said MORiGAGOR 't~as hercuoto set his hand and seai the dzy and year first afora„.d.
S~gned, 5ealed ard delivered in the pre3ence o!: s~
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r.'-~ ~ r ~ f . _ !"i'7n.1~/''J"~____ `~~($eal)
($eEl)
, _ _ _~e_._ -(Seai}
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STATE OF FLORIDA ~
SS.
COUNTY OF t. Z'UC i 8 j
Before me personally appeared __s~~}~1- ~Zrimsh~~,,..on~
_~~..illgl e &C31~~ t. J....... ~,.it:.u;.,r- and
1~!S ~~?fr- to me weil knpwri apcl ~cnbw~lb~ricS,~to be
tfie ind~viduair described in and who ex?c.:ted the fcregoing ir,str~ment, and a[know~edged befo:e rne that -the~ execuTtd_'t~ ~ywH!!"ftlMo~h~ .pue~asas
lhereir, expresfed. -A*+d-th~aerd------..---------- e .
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e7cerrrh-~atiorrtry-+,r_~+aken°separat~ar+et 2~parr Ma+rFtt~rra~d ttttst.2+td-acknew~te~ged~n+-artd b'~fi7r~ m~ t't~aT Sk~'EAT~t,tbd"Ait?~ttK+~.'T1~F"f~~'f''t~ Cdl'~S•
rer;tyran~witi,ourar,yrorr,pvhforr,ronsn3tm,~p~,-rr-h_mst~r,-arfiar-tt'et~rort'tr~rsani'husU~trtf" ' ~
WITNE55 my hand and uffieizl teai th!s ~ C" day of.___ U , D~+'s'e +S~-.5LSe~6. f~r:, 1AnD.',i~rv~
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P~utary Pub:ic in and for the Stato of.F(orida at lsrgp,:
My Ccmm~ssion expireys:~~~, . ~
Ret~rn To: ~I L E fl A D~1 E C O t'~ D~ G ~K~ Stit! of Fbrid~ ~t Larpe
First Federal Sa•+ir.gs G Loan Asso.~~t.en ~~~11i ~ 0~ M~ Commissioo Ex~ires Sept. 23, 19b9
Uf Fe~r P er:._, l~ i4~ l~nM6 Er Arr.~riun f:n ! Caswky Cw
Fo~t P~erce. Flcrlci3 .._-~.:!'~4-~4.J..ly~
' '65 DEC 20 PM 3: 06
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