The URL can be used to link to this page

Home My WebLink About1576 3. To place •nd continuously kcep on the bui!d~ngs now or hereafee~ ~~tu~te on sa~d land and on all equipmenl and penon+ily coverod by thi~ mortg~ p~, with ~II premiurMf ~hereon psid in full, fire insurance in the uiual standard policy form, ~n a sw» approved by the MORTGAGEE, and windsrorm insuranc~ in the uiu~l standard po1~cY fam, in ~ sum approved by ~he MORIGAGEE; in sucA company o~ companies as the MORTGAGEE may d~rac~s +nd +tl fi~e and windstorm insurance pol~ciei on any of sa~d build~ngs, any interes~ therein or part thereof, i~ the ~ggregate sum ~fueiaid o~ In ~xces~ thereot, shall con~ain tAs usual a~andard mortgagee clause or such o~her clause +i the Mo~tgagee may require, making the loss under sa~d poli- ciq, ~ach ~nd every, payable to said MORTCsAGEE as ~ts interes~ may ~ppear, and each and every svch pol~cy shall be promptly sss.gncd and delivered to any hetd by said MORTGAGEE +s (urther securiry fo said matga9e debt, and, no~ leu tMn ten i10~ dsys in advance of the expirotion uf e~ch policy, to de~ livt~ to said MORiGAGEE a renew~l the~eof, fogether with a reteipt for the p~emivm of such renew~l; and there shalt be no fire or windsto~m insuranc~ plxed a? sny oi said buildings, any interest there~n or part thereoi, un!ess in the fonn'~nd wi~h the loss payable as ataesa~d; and in the event any sum of money becwnes psyable unde~ such policy a pol~cies said MORTGAGEE shall have rhs option ~o ~eceive and apply the same a? accoun~ o~ ~he indebted- neu secvred hereby a to permit said MORTGAGORS to receive and use it p any part thereof lor osner pwpoaes, .vithout th~reb~ waiv~ng o? ~~~~pair- iny any equity, lien w righ~ u~des w by virtu~ of this matgage; ~nd in the evcnt sa~d MORTGAGORS sha11 fa any reason fail to kcep the said prem~us so insured, or fait to delive~ promplly ~ny of said policies of i~iunnce to ss~ MORTGAGEE, o~ fait promptly to pay fully any premium therefw p in a~y rsspect fail to pe~focm, discharge, exccvte, ef(ect, complete, compty with and ~bide by this covenant, a any part hereof, said MORTGAGEE may place and pay fw such iniu~ance or any part the~eof w~thout walving a ~ffec~ing a~y option, lien, eqvity, a right unde? or by virtve of this Matya9e, a~~d the full amount of each snd erery such payment shall be immediately dw and piyabte and ihall bear interest from the date thereof until paid at the rate of nir» per centum pet snnum and to~ether with sucA intere:t shall be secured by the lien of thii mortgage. 1. To ptrmit, mmmif p suffer no waste, impairment w deteraration of said property w any p~A fhereof. 5. To pay all ~nd singulu tF?e•costs, charges and expenxs, including s reasonable attwney's fee and costs of abstrsd• of title, incurred w paid at sny time by said MORTGAGfE, becaus! a in the event of the (ailu~e on the part of the said MORTGAGOR to duly, promptly and fully perfwm, d~scharge, execute, effett, comptete, comply w~th and ab;de by each and every the stipulatbns, agreements, conditions, and covenants of ~aid p~o~*~iswry note and thi~ mwtgage any or ei~her, and sa~d costs, tharge~ and expenees, csch and every, shall be immediately due and payable; whethe? w nol there be ~otice d~ mand, attempt to tollect a suit pend~ng; and the full amount of each and eve~y such p~yment shall besr in+ere:~ from the date the~eof until paid at the rate of nine per centum per am~um; and a~l said costs, charges and expenses incurred or paid, together w~~h such interest, shall be secured by the lien of thu rtwsty~gs. 6. That in the event of any breach of this Mortgage a default a: the part of the MORTGAGOR, or (b) in tFx event any of satd sums of momey herein refe~red to be not promptly and tully paid w~thi~ th~rty (30) days next afre. ~he same seve?atly become due and payable, without demand or notice, or (cJ in the eveqt each and every the stipulations, sgreements, conditions and covcnsnts of sa~d promiswry note and fh~s mortgage any p either are oo/ ~uly, p?a*~ptly and fully per(ormed, d+scharged, exccuted, effected, compteted, complied with and ab~ded yy, 1Fxn in ei~her w any such event Ihe said a¢ preg~te sum menYqned in said promissory note then remaining uopaid, with intere~t accrued, and aIl :noneys secvred hereby, shall become due and pay- able fathwith, a thereafter, at the optlon of sa~d MORTGAGEE, ss f~lly ard completely as if all of the said sums of money were o~g~nally tr~pulsted to be pa]d on such day, aoythirg in ss:d promfsswy note w in this Mortgage to the contrary notwithstsndfng; and thereupon a thereafter at the option of said MORTGAGEE, without not~ce a demand, suit at law w in equi~y, tfxretae or therealter bcgun, may be prosecuted ~s if all moneys secured hereby had matured prar to its institution. 7. That in the event that at fhe begin~ing of or at any time pending aay suit upon this Mo?tgage, o~ ro faedox it, or to refam it, or to enforce payment of ~ny claims hereunder, wid MORTGAGEE shall apply to the Court having jur~sd:ction thereof tor the appo~ntrtunt of a Receiver, such Courl shall fwtFiwith appo~nt a receiver of said mwtgaged property all and singula?, includmg all and sing~lar the income, profits, issues and revcnues from whatevtr wurce derived, each and every of wh~ch, it be~ng expressly undersiood, is hereby mwtgaged as if speuiicalty set forth and described in the gran~~ng and habendum tlauses FKreof, and such Receiver shsll have all the broad and effective funct~ons and powcrs in anywise entrusted by a Court to s Recei~~r, and such appointment shall be made by such Court as an admitted equity a~+d a matte~ of absolute ~ight ro said MORTGAGEE, and wirhoul re(ererxe to the adeq~acy o? insdequscy of the value of the prope~ty mortgaged w to the soivency or insolvency o( said MORiGAGOR w the defendants, and that such rents, profits, income, issues and revcnues shall be applied by such Qeceivm accord~~~ to the lien w equity of sa~d MORTGAGEE and ~he practice of such Courf. 8. To duly, promptly ar+d fully perfwm, diuharge, execute, effect, comptete, comply with •nd abide by each and evcry the stipulstions, agrcements, condiiana and covensnts ~n sa~d promissory no~e and th~s mwtgsge ser forth. 9. That in the event the ownership of the mortgaged premises, or any part the?eof, becomes vested in • person other than the MORTGAGOR, the MORTGAGEE, its successors and asstgns, m~y, wirhout notice to the MORTGAOR, deal with such succcssa a iuccessw in interest w~th reference to thia mortgage and the debt hereby secured in the same manner as with Mortgagor withovt in any way vit~ating or diuharging the Morrgagori Iiability here- under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged snd no forbearance on the part of the MORiGAGEE or its successors or auigns and no extens7on of fhe time for the psymcnt of the debt hereby secured g~ven by the MORTGAGEE or its tuccessors w au~gns, atiall operate to releaae, d~scharge, modify change or affec? the orig~nal liabil~ty of the MORiGAGOR here~n, either in whok or in psrt. 10. If is specificaliy agreed that time is of the esscnce of this contract and that no waiver of any obligat~on hereunder a of the obligation st a.red hereby shall at any time thercaftr be held to be a waiver of the terms hereof or ot the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pD~ and interest required by the prom~ssory nore secured F~ereby, mwtgagor tovenants and agrees to pay to mortgagee wi~h each monthly payment an add~rional sum es+~mated by mortgagce to be equal to 1 f 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st Ihc above described real estate. ~ B-Premiums on fire and windstwm insurance as here~n requ~red to be car~ied on the improvemeats situate on the sbove described premises. i C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby_ 4 Matgagee shatl from time to tinx notiiy mongagor ~n writing of the amount due and payable hereunder and such sum shall thereupon be due snd j payable on the due date of the next monthiy payment and each successive month thereafter urtil mortgagee shall notify mortgagw of a change in svch ~ amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ premiums. . ~ IN WITNESS WHEREOF, the said MORTGACaOR has hereunto set his hand and seal the day and yesr first aforasaid. g ' ed, Sea4 d+ J deli d in ths ~esence of: ~ ~ - ~ ?~'~'(iv[-[l/ ~ (Se~4 ~ ~ ~,f~ ~ (Seal) , ~ ti+~ TATE OF FLORIDA ~ \ COUNTY OF S t_ I,11C 16 ~ eefwe ~„e personally appeared Tu 1 ~ 9 nr i n k wA t e r r. a s i n gl e~t r ~ Mrwi(r, to me well kwown and.knovyn to me to be the individusly desuibed in and who executed the foregoing instrument, snd ecknowledged befwe me that ~eT ex~cvied ~tM'sahx FOr~ fbe pwposes . . ' a - ~ 4 ~ fherein expressed. Awr~he-s+~- - ` -.v:(e-et-il~e-s~id- ~ ~ ae~~fi~ei'rprFv~ts ~ ~~aw~iws*sn-bqyneMkewxpxsre7r+d-apart-fro~+~e?iald-hesben~-ednowkdged-t~ar+dbe(v~rne~hst~hCeze~Jeted~sld• emen? ~nt!^~o~vn? N ~M ~ Jatt{y ~iNd~11MiMOY?~i1y?.i~1wPYI~1MI~NMMdM/p ~*NF~lM~MA` M~Mr ~~0~ F~ORF~FIN~iN~I1Y~Mf1~. . ~ . : : WITNE55 my hand and official scal thi: dsy of MflY'C~'1 A;D. 19~ ~ • ~ ~ ~ 66 ~t'~ , !^_.L. 3= Not ry Public in ~nd foi the Sti ~tA1 al=lat~i~ My Commission expires: . _ , Return To: yr~, PI~l. S~! 0~ First Federal Savings b loan Associat;on ~ Of iort Pierca ~ p,= C r[~' E~'K ~ 23, 1969 ~ Fo.f v~~r~e, Fio.~da F 1 E_ E D~,F; c~~Q R D~' ~~1 i..~ ti w. a e.~..r, a. ~ . . . ` ~~~C1D~ 4 . _ . ~`~~L~~ ~ - : _ . . . 25 ; : 13 ~ . . - . " ' , J ~ { 1 ~ • ~ - 1 ~u}~J..~.~cfiK ~ , K;,:. - y~%.~U~: i Y. • ~ t ~ v;.. ~ _ - . - FL~JRIU~~ w.r . o R 3?3 ~ 80QK _ / ~ r f ; ° ~`~r.... , . a-_ - ~,~~..'~Y~__~ _