HomeMy WebLinkAbout1653 3. To plac~ and contlnuouily keep on the buiid~ngi now o~ I~ereafte~ s~euat~ on :aid land and on all equ;pmsnt and penonally cov~red by thi~ mo~~
ap~ with ail premivm~ lheteo~ pa~d in full, fire insurance in the vaual standord po~~ty form, tn a aum approved by !he MORTGAGEE, and winds~am
insurance in tM uswl uandard pofcy fam, in a sum spproved by ~he MORTGAGEE; in fuch company or compan~es as thC MORTGAGEE may
dir~clt u+d aN ti~e and winds~orm insu~ance policies on any of said bvild~ngs, any interest therein or part ~hueof, i~ fhs ~ggregate tum afpretaid w
in ~xceu thereof, sMll contain the ~swl su~dard mor~gagee clause w such other clause +s ~hs Matgagee may requ~re, maAinQ the loss undci sa~d poli-
cia, e+ch and every, psyable to s~id MORTGAGEE sa irs interesf may appQar, and each and every iuch poiicy sha11 be promp~ly ~~s.gned and def~vered ~o
~oy held by s~id MORTGAGEE as furthe~ security to said matg~ge debb and, not less than ten (10) days in advance'of the expiration of each policy, to da
livK to iaid MORTGAGEE a renewal thereof, togetha wi~h a ~eceipt for the premium of svch renewal; and rhere sAall be no f~~e or windsiwm insur~ncr
plxed on any of said buildings, any intereit ~herein w parl fhl~eOf, unless in tFK form'and with ~he loss payable as afwessid; and in the event any sum
of money becomei payable unde~ s~ch policy o~ pot~cies iaid MORTGAGEE shall have ~he opi~on to reteive and apply ti~e isme a+ account o~ the indebted-
neu tecvred F~e~eby o? ro permit said MORTGAGORS fo rKeive and u3R i/ p sny part thereof for other pu~poses. ~vi~hout th3rco/ waivi~~g ot ~mpair-
in9 any puity, lien q right under or by virtw of thw mo:tgsge; and i+? tF~a event tald MORTGAGORS ahall for ~ny rcason fail to 4eep the said premises so
insu?ed, or fail fo deliver promptly any of said poli~ies of insun~ta to said MORTGAGEE, a fait promptly to pay (u!!y any prem;um therefpt w in any
?eepett f~il to perfotm, disthuge, exetute, effect, complcte, comply with and abide by th~s covenant, w sny part hereof, ssid MORTGAGEE may plate and
pay fw tuth iniuranc~ or any part thereof without walviny ot affecting any option, lien, equity, w?ight under w by virtu~ of this htwtgsge, and the
full amou~t of each and every such psymenf shal! be immed;arely d~s and payable and shall bear interest from the date thcreof until paid a1 the raq o1
nine pet centum per annum and together with sutA i~terest shall be secured by the lien of this mwtgage.
1. To permit, co~nmit ot suffer no wasts, impairment or deteriwstion of said property or any part thereof.
S. To pay ~II and singular the.costs, charges and expensei, including a reasonable attwney i fee and cosb of abstrocrs of tirle, incurred or paid a~
any time by said MORTGAGFE, because a in the erenf of the fa~lure on the part of the said MORTGAGOR to duty, promptly snd fvlly perfwm, d~scharge.
exavte, e(fed, complete, comply w~th and abide by each and every the strpulat~ons, agrcements, conditioni, and cove~ants oi ~aid promiswry note and thii
mortgape any o~ ei~her, aod said costs, cAarges and expcnses, each and eveay, shall be immediately dus and paysble; whethcr or nol there be ~otite de~
mand, attempt to collect w suit pe~ding; and the full amo~nt of each and every such psyment shall bear interest from tF~e date thereof until piid at the
rate of nine per centum per annum; and all uid tosls, charges and expenses incurred or paid, Iogether with such interost, shall be setu~ed by the !im of th;s
mortyaqe.
a. Th~t in the event of any breach of this Mortgsge or default o~ the part of the MORTGAGOR, w(b) in the eve~t sny of sa~d s~ms of money
herei~ referred to be not p?ompfly and fulty psid wi~hin thirty (30) days next afte~ the same severally became due snd payabte, withovt demand w notice,
o~ in the ever~t each and eve?y the stipula~ions, sgreements, conditions and covenants of ss~d promissory ~ote and this mwtgage any o~ eilher are nol
iuly, promptly ~nd fully pHformed, d~scharged, executed, effected, completed, compl~ed with and abided Sy, then in either w ~ny such event the taid sg
pregat~ sum mentioned in said promissoty note then remaining vnpaid, with inte~est acvued, and al: moneys setured hereby, shall betome due and pay-
able fwthwith, w tt+ercafter, at fhe option of said MORTGAGEE, aa ful~y and complete~y as ii all of the said sums of mor.ey were aiginally st~pulatcd
eo be paid on such day, anything in sa;d pro~issory note a in this Mortgage to tfx cont.ary notwithstanding; and rhereupon w thereafte~ at the oprion of
•aid MORTGAGEE, w;thout norice or demand, suit at law or in equity, thcrefore or ther-aher begun, may be prosecwed aa if ~II moneys secured hereby
had matured pr~or to iri inslitWion.
7. That in the event that at the beginn~rg of or at any time pend;ng any sult upon fhis Mortgage, w to faeciose it, or to reform it, o~ to enforce
payment of any claims 'Kreunde~, wid MOR7GAGEE shall apply to the Court having jurosd~ct~on thereof tor the appo~ntmcnt of a Receiver, such Court shall
Fwt6with sppoiM a receiver of said mortgaged property all and sirgular, includ~ng all and singular tfie income, prof~ts, issues and ~evenucs f~om whatever
wurce detived, eath and every of whith, i1 being expressly ~ndersrood, is hereby mongaged a~ if spet~lica~ly set fwth and dewibed in the granting and
habendum cla~ses hcreof, ~nd such Receiver shall have all the broad and effective funct~ons and powers in anyw~se entru~?ed by a Court to a Receiver, and
such appointment shall be made by such Covrt as an admitted eq~ity and a matter of absolute right fo said MORTGAGEE, and wirhout reference ro the
adequacy p insdequacy of the value of the property mortgaged or to the sowency or insolvency of said MORTGAGOR w tlx defendants, and thal s•xh
rents, protits, income, issues and revenues shall be applied by such Rece~ver accord~ng to the lien w eqvity oi said MORTGAGEE and the practice of auch
Court.
8. 7o dvly, promptly and ful)y pe~fwm, discha?ge, exccute, rffect, complete, compfy with and abide by each and every the stipulations, agreements,
condiYans snd covenaros in sa~d prom~ssory note and ~h~s mortgage set fath.
9. Th~t in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in s person other than the MORTGAGOR, the
MORTGAGEE, its successas and assigns, may, without rwr'ece ro thr MOR7GAOR, dcal w;th such successor w successor in interest with reference to this
mortg~ge u~d the debt hcreby secured in the same manner as with Mortgagw without in any way vitiating q d~xha~ging the Mortgagori liability herr
under or upon the debt hereby secured. No sate of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE p it> >uccessws
or assig~a and no eatension of the time fw the payment of fhe aebt hereby setured given by the M~ORTGAGEE or its iuctessors w au:gns, ahall operate
ro release, discharge, modify change a affect ~he original liab~li~y of the MORTGAGOR herein, either in whole or in part.
10. It is spec~fically agreed that time is oI the esunce of this contract and that no w~iver oi any obltga~~on hereunder or of tht obligation se-
a.red hertby shall al sny time thereafter be held to be a waive? of the terms hereo( p of the instrument secured herby.
11. In add~tion to the forego:ng mon~hly payments of princ"p~l and interest required by the prpmiswrY note secur~ ?~reby, mortgagor covenants
and agrees to pay to mo:tgagee with each monthiy payment an add~rional sum est~mated by mortgagee to be eq~af to 1~'12 of the annual cost of the (ol(ow-
ing:
A-All rea) property tazes levied or assessed agai~s~ ~he above described real esrate.
B-Premiums on iire and windstam insurance as Ferei~ requ:red to be carried on the improveme~ts situate on t6e above described premises.
C-Premiums on such mortgage guaranty iRSUrance as mwtgagee shall from t~me to time deem fit to carry on the loan secured hereby.
Mwtgagee shatl from time to rime notify mortgagor in writing of ihe amount dve ar~d payabte hereunder and such sum shall thereupon be due snd
payable on the due date of the next monthly payment and each successive month thereafter urtil mcrtgagee shall notify rrwregagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, and mortgage guaranty insurance
pr~miums.
IN ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid_
~y ed, Se~ d and deliver t p~esence of:
~
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STATE OF FIORIDA ~ -
couNnr oF S t. T_., z c i e u' ~
~
eefae me penonally appea?ed n i vPr Non~'e SOTt ~ wf ~ower ~
]G7C~i'ia(e, to me well known and known to me to be
the ind+vidw desuibed in and - who executed the foregoing instrument, and acknowledged be(we me that ~4Ry executed ;
i~Yrrye for the purposes
therein expressed. Ae~t}-1}~ssld Y:e ~ ~~P=
~+1fe vM~tl~r~ari~ .~•s• ~ :
~ '+b~+~ ~~ea~**~ ~.~,a~..w
-e~a~d?~~b~-rne ~kcn xpwa~e-ar+d-aperrfrvn~-1~e.+-seri~ F~,snd.-eek+~ow{edge~f-te and~befvreena-tl~ shs e~~~ ~(nte~ly-wd-teis~
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WITNE55 my Mnd and official seal thi d~y of ' . 'a; p. 19 66
:
.
Notary Public in and tor the ~ate p ~da ~t• •
My Commission eapires: 'rQ+~at~~a~~~~~
Rlturn ~TO: r, ~ d1M ~Lr T~! N!
first Feder~l Savings a loan Association Cn C d ~~R ~
Of Fort P.e.«. F I L k~pR?_~ 0 0 K Mr Co~n~siw, E,~• at luqe
. . , ~K,la _ - - b.... n,~,;w r 23. 1969
Fort P~erce, Flcrida
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