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Home My WebLink About1578 3. To plac~ and coroinuously keep on the bu~!d~ngs now or herealte~ ~~tuste on sa~d land and on all eQuipment and pe?sau~~y covtred by ihis mort¢ age, with ~II prcm~v~+A therco~ pa~d in full, f~re insurance in ~he usvat sunda~d policy fo~m, u? a sum approved by the Mt7RTGAGEE, and windstwm insur~~+ce in the usuai s~~nda~d pol~cy 1am, in s s~m ~pproved by the MORTGAGEE, in such company o~ comp+~~ei as ~he MORTGAGEE may d~rect; ~nd all fire and w~ndstorm insurance polk~ei on a~y of said lviild~ng~, any interes~ therein or psrt thereof, in the aggregatQ sum afortsaid w in ~:ce~s ~hereof, ihall conuin the usual sandard mortgagee clause or such other claus~ as tM Matgagee may reQu~~e, makin~ the loss unde~ sa~d po~f cies, e+ch ~nd eve~y, payab~e to s~id MORTGAGfE ss its interest may appea~, and each and every such policy shall be promptly sss.gncd a~d delivered to ~ny held by said MORTGAGEE +s fur?her security to ssid mortgage debt, and, not less than ten (10) days in advance of ~he expiration oi each pol~cy, to de- liva to uid MORTGAGEE a~enewa! thercof, toge~her wi?h a receipl fo~ the premium of such renewal; snd there shatl be no fire or windsto~m insurante pl~ced on ~ny of said buildings, iny intereit the~ein or put thereof, u~les~ in the form'and with the lo:s payable as afaesaid; ~nd in tF~e event any sum of mon~y becon+es payable under such policy w po~~ues uid MORTGAGEE shall have the opt~on ro receive and appty the ssme on acco.inl o~ the indebted- neu secvred hereby u ~o permit said MORTGAGORS to rcceive and uss it a any part thereof for other purposei. w~~hout th~reo~ wa~~~~~g o. ~mpa~r- iny ~ny equ~ty, lien w right under w by virlue of this mo:sgage; and i~ the evem sa~d MORTGAGORS shall (w any reason fai) to keep the said premiscs w insurcd, w fail ro deliver promptly ~ny of said po~kies of insursnce to sa~d MORTGAGEE, w fail promptly to pay fully any prcmium therefor w in a~y ~espect fail to perfwm, d~scharge, execute, effect, comp~ete, comp~y with end abide by this covenant, a any part hereof, said MORTGAGEE may p~ace a~d pay fw such insurante u+ny p~~t thereof without wslving w aftectin~ a~y opYwn, lien, equ~ty, o+ right under w by virtut of this Mort9aye, and the full amount of each and every such payrt+ent shall be immediately due and p+yabl~ and shall bear intere~t from tM dat~ thereof ~ntil paid ~ tM rat~ ol nine pe~ centum per annum and to~ethcr with sucl+ interest shall be secured by the lien of this mortgage. 1. To permi4 commA or suffcr no waste, impairment or deteriaation of said property w any part thereof. 5. To p~y all and.sirgulsr the.costs, charges snd expenus, including a reasonable attwney's iee ar+d costs of abstratls of title, incun~d or paid at any time by said MORTGAGEE, because w in the event of the faiture on ~he pan of the said 1NORTGAGOR to duly, promptly and fv,ly perfwm, d~scharge. execute, effed, complete, comply with and ~b:de by each and every the stipulat~ons, agrecmems, condi~iw~s, and covcn~nts oi iaid promi~sory note aRd thii rr:ortgage any or e~the~, and said costs, charges and expenees, each and every, thsN be immediate~y due and payable; whether w not There be ~otKe d~ mand, attempt to collect w suit pend~ng; and the full amount of each and every such payment shall bear iroerest from ~he date thereof vntil paid at ~he raie of nine per ccntum per arn~um; and all uid cbsts, charges and expe~ses tncurred or paid, together w~th such imerest, thall be secured by the lien of thi~ mortQ~gs. e, ihat (a) in the event of any breach of this Mortgage w defaulr oo fhe pan of the MORTGAGOR, w(b) in the event ~ny of sa~d suma of money herein refared to be not promptty and fully psid within thirty (30) daya next after ~he same seve?ally betome due snd payabte, without demand o~ no~ice. or (c) in the event cach ~nd every the stipulations, agreements, conditions and tovensnts of sa~d promissory note snd th~s mortgsge a~y w eiti+er are no1 iuty, promptly and fully periwmed, d~scharged, exec~ted, effected, completed, comp~~ed with and ab~ded Sy, then in e~ther or any such event the sa~d ag gregate wm mentaned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due snd pay- able fwthwith, w the~eafter, at the opt~on o~ said MORTGAGfE, as fully a~d completely as i( all of ehe said sums of money were wg~~+a~~y st~p~~sted to be pa~d on avch day, anything in sa:d promissory note or in this Mortgage to the contra~y notwithstanding; and thereupo~ w thercafter at the op~ion of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begvn, may be proucuted as if all moneys secured Ixr~by had matured pnor to its inslitution. 7. That in the event thal at the beginning of w at any time per?ding aoy suit vpon thi~ Mortgsge, or to faeclose it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jur~sd~cfion thereof ior the appo~ntment of a Receiver, such Court shail fortliwlih ~ppoint a rec-iver of sa~d morlgaged property all and sirgular, intlud~ng all and singular t!x income, prol~ts, issues and revenuea from whatever source derived, each and every of which, it bcing expressly undcrstood, is hereby mortgaged as if spec~iically tet (wih and dewibed in the gronfing and habendum clsuses hereof, and such Receiver shall have all tFx broad and effecrive iurtct~ons and powe.s in anywise entrusted by a Court to a Rec~iver, and :uch appointment shall be made by such Courl as an admitted equity and a matter of absolute right to said MORTGAGEE, a~d witho~t reference to the adequaq w inadequacy of the value oi the p?operty mo~tgaged w fo the so~vency or insolvency of said MORTGAGOR or ihe defendants, and that such ~e~~s, profits, income, issues and revenues shall be applied by such Receiver accordiny to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pe+form, discharge, execute, effec6 complete, compty w~th and abide by each and every the stipulations, sgreementi, conditaru snd covenants in sa~d promi~sory note and fhis mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part tf~ereof, becomes vested in a pe.son other than the MORTGAGOR, the h10RTGAGEE, its successws and assigns, may, wi~hout notice to the MORTGAOR, deai with such successw or successor in interest with reference to this mortgsge and the deb7 he?eby secured in the ssme manner as with Mortgagor without in any way vitiati~g or d~stharging the Nbrtgagors' lisbility herr under or upon the debt hereby secured. No sale oi the premius hereby mortgagcd and no forbearance on the part of the MORTGAGEE w its successors cr assigns and no extens~on of the time fw the payment of the debr hereby secured g~ven by the MORTGAGEE or its successws or au:gns, afialt operate to release, discMrge, modify change w af(ett the orig~nal liab:tity of the MORiGAGOR herein, either in whole or in part. 10. It is specifically agrecd that time ia of the esunce of this co~tract and that no waive~ of any obl~gat~on hereunder or of the obligation sa a,red hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. 11. In add~tion to ~he faego:ng monehly payments of princ'pyl and inrerest requ~red by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payrnent an add~rionsl sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing_ A-AIl real property taxes lev~ed or assessed against the above desai5ed real estate. B-Premiums on tire a~d windstorm insurance as herein req~~red to be carried on the improvements situate o~ the above described premises. ~ C-Premiums on such mortgage guaranty insurance as mortgsgee shall from t~me to time deem fit to carry on the ban secured hereby. j Mortgagce shall from time to time notify mortgagor in w.it~ng of the amount due and pay~ble he~cunder and such surn shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafter ur,til mo~tgagee shall not~fy mo~tgagor of a change in wch f amount. $uch s~ms shall be applied by mo?tgagee toward the payment of reat property taxes, insurance prem:ums, and mortgage guaranty insurance ` premiums. ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first atoreaaid. ~ ~I an~eliver t ~rnce of: - ' ~ ~ •n ~ ~ ~ ~s~•n ~s~,~ SiATE OF FLORIDA S5. COUNTY OF S~. LU C i°. 1 ~ ~fae ,,,e pcrsona~~y ,ppea.ed Dav~ ~ S SrhenPn~ nah .nd ~ nnri a Sr.hPnt~n~oah his wife, to me well known and known to me to be ~ the ind~vidw(s desaibed in and who executed the foregoirg instrumMt, and acknowledged before me that they e:etuted the same for the purposes nori s Y. SchPnanc~oqh ~ rherein expressed. And the sa'~ - Nife of the wid nf1V~~ S~ Sr,henan~oah upon a separate and privste e:eminition by me taken separate and apart from F~er said husbar~, atknowledged to and beiore me thst she executed said inatr~ment freely and volun- ~ rarily and w~thout ar~y corr.pulsion, constraint, apprehension, or f~(r of or from her said husband. • ~ WITNE55 my hand and official seal th~~ ~`r' day of March a p. 1966 z~3 , J o~ ~ Notary PubIK in end for the State of Fb?ida al lsrge ~ My Commission expires: ~ aen,m to: Notary P~blu. State al Florida at Large First Federsl Savi s b loan Associat~on ^9 or Fo.r P;e«~_ My Commiss'wn Expices Nor. 3, 196 ~ ~ o D F O L,ad.d or ~e•~Kan Fu~ 6 Geu~its Co- ~ Fon Pierte, florida i~ J~ ~ • - ~1L~. ~a - -,;:i>>, ~ r-.`' . _ - 4 . i,.- ~ . 3.~3 • - s.;~r, • ~ - . ^ 25 p,. ` ~ . ~ , _ : ~ , 1 ~.3~~' } ~ =~,c . . , . ~ ~ . 'ft._ f' ~ . H''~ll~J~~~~w~ i• - ~ . ~ ' . - . ~ ~~~C~'l~ ~ _ ' •F' ' ~ . . ~ . 'C~. 0r\~~~~ ' , (:~1• F~.- . . ~ ~ ~ooK 141 f~y 375 _W ~ . - ~