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HomeMy WebLinkAbout2051 3. To place and continuouily keep on the b~~'d~ngs n~~v or hereafter :~tuate on sa~d ~and and on al, equ~p~rent and personally coveied by thi~ mortg- sge, with ell premi~~rr~1 thereon pa:d in fuli, fi!e ins~rence in tne usv3i standa:d pol~~y form, in o s~m approved by the MOR(v:1G:E, and windetorm insvrance +n ihe ua~al sfandard pol,cy form, in a s~m approved by ~he MUR?GAGEE, in such company or compan~es as tfie MORTGAGEE may direct; and aii fire and w~ndstorm insurance policies on any of said b~ild~~~ga, any interest therein or part thereuf, in the eggregete tum a~nresaid er In axcess thereof, ~hall tontain the u:val srandard mortgagee c~ause or such other c!ause as ~he MarTgac~ee may req~lre, making the lo:s under sa~d poli- cies, each and every, Cayabie to said MOR'fGAGEE as ~ts interest may appear, and each and e~ery wch po!icy shall be promptly ess gned and de!~vered 10 eny held by said MORTGAGEE as fcrthar aecurity ro sa~d mortgage dzh~, and, not less rhen ten (10) days in advance of the expiration ol each polrcy, to dc live~ to ssid MURTGAGEE a renewal thereof, together with a receipt for the premium of such ~enewal; and there shall be no ~ire or windstorm ineurance plated on any of said bui!dings, any interest there~n or part thereof, unlrs~ in th~ form'and w~th the loss payab~e as aforesaid; and in the eve~t any sum of money bacomes payab!e ~nder wch policy or poGues said MORTGAGEE sfiall have rhe option to rece~ve a~d apply the same on eccount o~F the indebted- ness sea,red h~reby or to permif sa~d MORTGAGORS to receive and uae it or any pa;t thercef for orii~~~ purposes, .v;ihour th=~co~ .va~~~~~g or ~n,pa~r- ing any equrty, lien or r~ght under or by virt~e of this mor•gage; and in thr event sa:d h10RTGAGORS shall for any reason fail to keep the sa~d prem~~rs sa insuied, er faii to deliver prompNy rny of said policies of insurnnce to said MORTGAGEE, or fa~! promptly to pay fully any pre~n~um therefor or in any respect fail to perform, discharge, execu~e, effett, tomplete, comply with and ab+de by this covenam, or any part he!eof, said rV~ORiGAGEE may piace a~~d pay for :uch insurance or any peri thereof without walving or affeciing any option, lien, equlty, or right under or by virtue of this Mortgage, and the tu!I amo~ni of each and every such peyment shall be immediately due and payable and shall bear interest from the date thereof until paid a~ the rate o1 nine per cent~m per annum and together wiih s~ch interesr shali be secured by the li°n of this mortgage. 4. To permit, commit or su!fer no waste, impairment or dete:ioration of said property or any part thereof. 5. To pay all and sing~lar the ~costs, charpes and e.:penses, incfuding a reasonable atrorney's fee anJ cests of abstracts of titie, incur~ed or paid at eny time by said MORTGAG~E, becaust or in the event of the failure en the part of ;he said MORTGAGOR to duly, promptly and fvlly perform, d~scharge. exe:ute, effect, COmplE12, comply wnh and ab:de by each and eve~y the stipu!at:ons, agreements, conditions, and covenanis of sa~d promissory note and thi~ martgac~e any or e~ther, and sa d ccsrs, charges and expenses, each and every, shall be immediately due and payabfe; whether or not !here be notlce d~- mand, attempt to coi(ect or suit pending; and the full amo~nt of each and every s~ch paymem shall bra~ interest from the date thereof umil paid at the rate of nin= per centu.r. per annc:n; and all said cos!s, charges and expenses incurred or paid, together •wnh such intere,t, shall be seCured by ihe I~en of th~a mortgage. 6. Tha! (n) in the event ef any breach of this Mo~rgage or defaulr on the part of the MORTGAGOP., or (b) in the event any of sa~d SUAIi of money herein referr~d io be net promptiy and fully paid w~th~n th~rty (30) dayn nex; ar~er fhe same severa:ly becom~ due and payable, withoui demand or notice, or (c) in tha eve~t each and every the stipu!ations, agreements, conditions and tovenants ei sa.d promissory note and th~s mortgage any or either are not july, prompNy and fuily performed, d scharged, exec~ted, effected, comp;eted, compGed w~th and abided Sy, then in e~ther or any s~ch event the aa~d ag~ preqare sum mentionea in said promissory note then remaining u~~paid, with irneresr accr~ed, and atl rnoneys secured hereby, shail betome due and pay able forti~w~th, or ahereafter, at rhe ep!lon o! sa~d MORTGAGEE, as fuily and completely as if ali of the sald s~ms of muney were originally st~pviated ro be pa:d on such day, anythirg in sa d prem~ssory note or in this Alortgage to the contra~y notwithstand~ng; and lhereupOn or thtreaftar at the opt~en of said MG~RTGAGEE, w~rhout ~ot~ce or demand, suit at law or in equity, therefore or thereafter begvn, may be prosecvted as if all moneyi secured hereby had ma~ured p~~o~ to ~is ins~rtuhon. 7. That in the e~ent that at the beginn:ng of or at any tlme pending any suit upo~ thls Mo~tgaye, o: to foredose it, or to reform it, or to enforce payment of any c~s~~ns hz•e~nder, said i.40RTGAGEE shall apply tu the Court havicg j;;risci;c!ion the:eof ier the appo~ntment of a Receiver, such Court shall forttiwith appo~nt a receiver of said mertgaged property ail and sing~,ar, includ ng ail ano smgvla~ the ir.come, profrts, issves ar.d revenues from whatever seurce derived, each ar.d every of ~nh~ch, it be~ng express'y undersfood, is hereby mortgaged as ~f spec:ficaily set forth and described in the graniing and habendum C~dU1f3 hereof, and sucn Receiver shaii have all the broad and effecrive fur:t~ons and powers in anywise emrvssed by a Court to a Receiver, end such appointment shai! be made by wch Court as an admitted equity and a matrer oi absol~te r~ght ro said MORTGAGEE, and without reference to the adequaty er inadeq~ac/ of the val~e of the property mortgaged o~ to the so,vency or insolvency of said MORiGAGOR or the defendants, and that such renrs, profirs, income, ~ss~es and revar.uez shail be appi~ed by such Receiver accord.nq to the lien er equity of said MORTGAGEE ar.d ;he pracrice of such tourt. 8. To duiy, prompt!y and f~i!y perform, d~scharge, ex.ecute, eifect, complete, comply w-~th and abide by earh and every the stipulations, agreem2nts, tonditions and covenants ~n sa~d promissory notc and th s~or~gage s~t forth. 9. That in the e:enr the owrersh~p of the mortgaged premises, or any part !h~reof, Lecomee vea!ed in a person other than the MORTGAGQR, the MORTGAGEE, its wctessois ard ass gns, rray, witho~t no!ice to the ,ti10RTGAOR, dea! w~th such successor or svccessor in interest with reference to this mortgage and the deo~ hereby secured in the same manner as wifh ;Jlertgagor w~thout in any way vitiaring o! d:sckarging the 1~lortgagors' liability here- under or upon the oebt hereby secured. No saie oT tF,e prer,fses he~eby mortgaged and no forbearance en the part of th~ MORTGAGEE or its successors or assigns and no exrens~on of the rime for the payment of tne debt he~eby secu~ed g1~en by the MORfGAGEE or irs successors or ass:gns, ahal: operate to release, d~scharge, modify change or affect the or~g~nal lia~.'.~ty of the MORTGAGOR herein, either in whoie or in pa~t. 10. It is spedficaliy agreed that time is of the esser,ce of this contrace and that no waiver of any obCgation fiereunder or of ihe obligation sr c~red hereby shall at any time thereaiter be heid tc be a waiver of the term.s hereof or of !he ins~rumem sec~red herby. il. In add.rioi !o th~ forego'~,:~ mon~h!y payments ef prinCp~' and inrerest required by the p~omsscry no!e secv~ed hereb~, mortgagor eovenants and ag~ees to pay !o rc.ortgagee ~t~rh each mornh'y p~y;rent an zd~~~ionai SUm e51:^ d!CC1 bJ n~~O~~q?qee to be eq~al !0 1," 12 of tt•~e annuai cost ot the follow- ing: A-AIi real prop~rty raxes le~~e~ or assessed ~_~i~s~ ti~e acove desc~ibcd rea~ esr~'e. 8-Frc:~~J~~ns en f~re ar.c~ w~ir.ds~~'m ~nsurarce as i•,erein req~.::red to be carrie~d en tf:e :m;;roveTents s~•uate on th~~ above descr~bed premises. C-Prer.~i~r s on s~ch mcrt~aae guaranty irsura-te as mort,agee sha!I frc•~~ t r,e to t~~r.c deem fit to carry cn the loan secured hereby. 1,+,or`gagee sh~!! Frrn time to !:,:e netifr mc~t~anor ~n wr~':n~ of the a^,o~~? d,~~ and payab'.e hereur.dcr and such su~*~ sha!I there~pon 6.-: due and payabie en ~i,e due dare o~ ~he n•~xt n,o.^.th!~ pay~~~en! and esch sv:cessive mon'h thereafter ur.r~: mortoagee sha!I notify murtga3cr ef a:nange in such a^+oi~nt. Sucn sums sF~;~ 62 app'i~d by mcrrg~g =e to:: ~-d the cayrt~ent aT rea~ proper+y taxes, irtsurance prem.~ms, a~d mortyage gu3ranty insurar.ce p~emi~ms. 1N V1ITNESS 'l:HEREOF, th~ sa~d !.1GRTGAGCR h~z hereu~t~ set his har.d and seal the day and r f~rst aforesa}~ --1 Signed, ~taled an' delivered in the~resence of: ~ ~~a C ~ C _ ~3c_-~__ _.(Sealj / ~ v (ceap - L c'-r ' - ~~«~~rSeaq - (Seai) STATE OF FLORIDA ~ SS. ccur~zY a~ i n t ~u c i e__ 6=fore me personally appeared - R_ n_F~-_'-"~~'-f' n' p~ r~>E r- _ and ~'tUt.~1 ~_~~~S~J_e7'~~I' his •.vife, tc rr,e w'elt known a^,d known fo me to be the individva!s descr~t~d in and vrho etecuted th: iore ing ns~rument, ~r,d acknow.edged before me that they exec~ted the s~mA for the purposes therein expre~sed. A~d the said_ ~Ut~ e n g n e P~;B Z' _ _ Ra C ensner ~r 'o , u on a se arate and rivate w~.e ot the said G F P examirat:on by me !aken separate ar.d ap~n Erc~i he~ sa;d huxhand, acknoh-~edged to and before me tnat she exec~ted said instrurrent freely and vefun- tarily ar.d w~theut any com~v:s~on, conttraint, a~.pr~hens on or fear of or from her said Fusband. YJITNe55 my hand and officlei se3f ths_____..:~~7-~R day of__ LP,CBIriber ~ A. D. 19 .r ~ i` - j~ ----=~-~f~"LC C/ f __~,~L.`.fLi~G~I4~iL_ . , ~~otary f' ~ic in snd fcr the State of flor~da at Lar~e h1y Cc ~s:~cn expires: Retum 70: First F~dera) Savings 8 Lcar. rss~: ^f n l~ ~~'t4 09 ~'GY,!~t! ALr.rge , •i i.;. 5, 9c7 . Cf Fort r cc. r'( f i~ia*'ij~,~7 n~ J~]~r R~'lL 'r` ~G ~~+i.l Liy r~Ili~C~G~fi JUfl.f r..~J. 0~ Fvii.~'j.,t<<, F.~,,,,1, ' o~'C~~~ •'L L~ - - " _ ~ ` _ ~ ~ , ~ r;~ I`~~ ~7 : ~ • i ~ - , " t ~ - ' , , i: : - , . - ; . . , . . ' ' . . _ , i • ' , ~ : ~ . I • ' . r~ F' ~ r~q - . ~ (i r p.J ~ l.. j ~ ; ~ .