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To pl~c~ ~nd ca+t~M,ous~y te.p on ~M bu~idinpi rrow ex Mr~a(ra ~i~u~~e on satd land +~+d on ~It equipm~nt snd p~nonally covN~d by thii morfp~
sg~, with ~I) prtmivrrA ~herson p~~d in t~ll, fire in~urance in th~ uswl s~andud poticy fwm, ~n • sw+n ~pproved by tM A`.ORiGAGEE, and winduorm
insurant~ in tM utwl sandud pol~cy iwm, i~ a ium approved by ~M MORIGAGEE, in s~cA company or canp~niK u 1M MORTGAGEE n+~y
d~r~ctt ~nd all ' fin ~nd w~ndiWrm iruur~ete poiicies on any of isid b~?ildirgs. any in1NS~1 there;n or p+?t tF?ereof, in IM yyreyaq ~um afor~aid a
In ~xceu tiKrw/, sAall cont~in th~ vswl itandard moripayN clause w such o~M. t1auH ~s th~ N1a~ya9~e m~y requir~, n,atinp ~M bss under said polb
c~, esch u+d ~wry, payabN to said MORTGAGEE as ib imereit may ~ppear, and each and tve~y svch policy ihall b~ promptly au:pned a~+d d~livered ~o i
~ny MW by s~id MORiGAGfE as further ~etu?ity to said mortpspe debt, +~d, ~W I~» tMn te~ (10) dayt in ~dv~ncy of ~hs ~xp'a~t~ of e+ch policy, to da ~
I~vtr to uid MORTGAGEE • rtnewal thereof, toyelM+ with a reteipt for the premium of iuch renewal; and then ~hall br no fir~ w winda~am inwr~e~c~ j
plK~d on any o1 taid buildinpf. ~~y interqt thtr~in a parr tlaroof, unleu in tlK fprm'u~d ~v;th tM loss p+ysble u afwesaid; ~+d in t:K ~vfnt ~ny tum t
of nwn~y becomN pay~ble und~r wch policy or polici~s said MORTGAGEE ~hall Mw th~ opt3on to recaiw and ~ppty tM s+me on ~ccounl oY the i~dsbted- t
neu ~scvnd Mr~by w b peraiit said MORTGAGORS lo rcceive a~d uu it a any part thereo( fw othcr purposa, wi~hout th-r~bi waiving w ~mpair-
iny any pvi~y, fis+? w riph~ vndea a by virtw oi this mortpa9e; ~~+d in ~M ~vent aid MORTGAGORS ~hall fw +ny resson fail to keep the sa~d p?em~ses w ;
in~ured, or fail b d~liva promptly ae?y of ~aid policies of insunnts fo s~id MORTGAGEE, w ~ail promptly to p~y futly ~ny premium therefor w in ~ny
niped (ail b pKfotm, diuMrge, execun, ~fhcr, complete, comply w~th and abid~ by tFus toven~nl, a any psrt hereof, said MORTGAGEE may pl~c~ and
paY fa such iMUranct w~ny part tMreof without w~tvinp w ~ffattirg ~ny option, lien, puity. or riqht unda a by virtw~ of this Mwtp~pt, ~nd the
fulf ~mount of Nch and ewry such p~yment sh~ll be immedistely dw and pay~bl~ and ihall bear i~tereu from ths date tF+~~eof until paid N tM ~att of
n~nt pw csr~wm pM annum snd toqether with wcA i~teres~ shall be ucured by tM lien of this morty~pe.
1. To p~rmit, cwnndt or wffer no w~st~, impairmeM a dere?ioratio~ of said p?opaty a any put thereof.
S. To pay ~II and singul~r the.cwts. chupa ~nd expense~, includirg s ressonable ~ttwney's fee snd costs oF abstratts of titls, incvrcsd w paid st
any tim~ by s+id MORTGAGEE, becausa or in the event of the failuro on the part of tAt aid MORiGAGOR to dvly, promptly ~nd fvlly perfam, d~uh+r9~,
e:ecw~, ~ff~ct, compkt~ comply with and ~b~d~ by ~~ch ~nd evciy the sYrpulatans, ayreements, conditions, snd oovenanb of aid promiswry note and thii
mortyye ~ny or ei~Mr. aod sa~d costs, charyes +nd expernes, each and every. sMN be in+mediately due and p~yabt~: wherher or not ther~ b~ notici da
mand, ~ttNr~pt ro edlett w:uit pa~dinp; and ths full arrwunt of esch ~nd every such p~ym~n~ shall bear i~terest from Il+e dale thereof until p~id ~t the
rate of nine pe? centum per ~nn~m; and a11 said c6sts, char9es ~nd eapenscs incwred or paid, together wifh such interest, ~halt b~ securad by tM IiM of thi~
mortyaq~.
6. TMt t~1 in the event of any breach of this Mo?t4ags w defivh on tFr part of the MORiGAGOR, w(b) in the went ~ny of ta~d swns of money
herein r~f~rr~d ~o b~ not promptly and f~lly psid wi~hin th[rty (30) days next after ~he same seve.ally become due and payable, without demand or notice.
or (c) in the event e~ch snd ~vsry tM stip~4tions, ~greemcnq, condi~iona snd covenann of sa:d promissory rwte and tlus matp~pe any w either ar~ no1
ivly, p?om~?Hy ~nd fully performed, discharged, executed, effected, tompleted, complied with ~nd ab~ded ~iy, then in either o~ any ivch ev~nt tM said ag
pregaq wm mentia+~d 1n iaid promissory note then remaininp unpaid, with interest xuued, and all moneys setured hereby, thall beeom~ due and p~y-
abte fatAwirh, 01 fMfHftN~ af the option of sa;d MORTGAGEE, ~s fully and completely ss if all of the said sums of money were orgin~~y st~put~ted
ro be paid on tuch d~y, anythinp in said promiuory note or in thia Mortgage ro the contrary notwifhstanding; and thereupo~ w theresfte~ at tM op~ion of
said MORTGACaEE, without ootic~ p demand, suit ~t taa w in equiry, tAltlFOf! Of fMQfNffN begun, may bc prosecutcd as if afl moneys iecured hereby
had mawred prwr to in initirution.
7. That i~ ths event ~hst st the beginning of w at sny time pending soy su~t uFon th~s Mo+tgage, or to fweclose it, a to refo?m it, a to enforu
payment of ~ny claims I+ereunder, said MORTGAGEE st+~H sppty to tt?e Eoun having jurisd~ctio~ thereof (or the appanttnenl o! ~ Reteive?, wch Cwrt sMtl
;wtt;with sppoiot a raceiver of sa':d rs~t~agrd properly al~ snd singular, includ~ng all snd singul~r ~he income, profits, iuues snd revenues from whatever
wurce dtrived. each aod every of which, it beirg expreuly und~rstood. is hereby mw~~aged as if tpecifiully set fwth and described in tht yrantiny and
hsbendum davtes hereof, u~d such Receive~ sball hara all the broad ~nd effea~ve funa~ons and powen in anywise entrusted by ~ Cour1 to a Receiva, and ~
s~ch appointment shall be made by such Court s~ ~n admitted equity and s manet of absolute righ~ ~o said 7~lORTGAGEE, u+d withoul reference to ths !
adequacy or k?~deqwcy of the wt~e of the properry mortgaged or to the so~vency or inwtvency of said MORiGAGOR a the defendants, and that such ~
renrs, profits, income, iss~es a~d reve~ue~ shall be applied by such Receivcr accwdiny to the lien or equity of said MORTGAGEE and the p?actice of such ~
Courf.
8. To duly, promptly and fully perform, dixharge, exetute, effect, cwnplete, comply with ~nd sbide by each and every the stipulatia?~„ agreements, ~
conditioro and covsn+ms in said p?omissory rate and this mortgsge set fath.
9. That in the event the ownerahip of the mortg~ged prem;ses, or any part thereof, becomet vested in a perwn other thsn the MORTGAGOR, the
MORTGAGEE, in succeuws and suigns, may, without ratice to the MORTGAOR, de~t with such successw w auccessw in interest with refae~ce to this
mo~tyaye and the debt htreby secured in the ssme manner as with Mortgagor without in any way vitialin~ or d~uhargi~g the Mortgsgors' liability here-
under w vpon the de6t hereby iecured_ No ssle of the premises hereby mortgaged and no forbear~nce on the pan of the MORTGAGEE w its succasora
or assigns ~nd no eatension of the time fw the payment of the debt hereby secuied giren by t??e MORTGAGEE or its succe:sors w su~gns, shall operat~
ro rekase, dixh~ry~, modify chirge or affect the original Ii~b~Gq of the MORiGAGOR herein, either in whok w in psrt.
10. It is ipecifically -egreed that time is of the esxnce of this co~t.sct and tMt no waiver of any oblga~ion hereunder w of the obligation sr
a,red hereby sh~ll at any time tFiereafter be held tp be ~ vvaiver of the terms hereof or of the ir~trumeM secured he~by.
11. tn addition ro~1~e fwego:ng monthly paymenri of princ ~1 and interest required by the promissory no~e secured hereby, mortgagor covenant=
and sgrees to pay to mortgsgee with each monthly payme~t a~ add~rionsl sum estimated by mortysgee to be equal to 1/12 of the annual cost of the fo~low-
ing:
A-A(I resl property tsxes tevied a assessed ayainst the above describcd real estata
B-Premiu~ra on fire and windstorm i~surance as here~n reqv~red ro be urried on the improvemenls situate on the above desvibed premises.
C-Premiums on such mwtgage gwranty insurar~ce as mwtgsgee shall from time to time deem fit to carry or? the bm secured FKreby.
Mortg~gee shall from time to time notify mortgsgw ;n writi~+y of the amoum ~ue and payabk (+ereunder arsd such s~m shall thrreupw~ be dve and
peyabFe on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgago? of a change in such
amount. Such sums shall be ~pplied by mortgagee toward the payrtKnt of real property tsxes, insurance prcm:~ms, and mortgsge guaranty insur~nce
premi~ms.
!N W17NES5 YYHEREOF, the said MORTGAGOR has hereuMO set his hand and ~eal the day and ear fint aforasaid.
Sea ud de ' ed in tM pesence of:
an
~
a~
rs~.n
rt.q
STATE OF FLORIDA ~
55.
cou?~nr oF St , i.Lr i e
eef«e m~ personally sppeued Leroy Floyd ~
Verdell G Floyd his wife, to me weil krawn ~nd known to me to bs
the individwb described in u~d who executed the foreyoirg instrument, and acknowledped before me that they executed the same for the pwpases
rherein ~xp.essed. Md rh~ sa~ Vt~rr9el 1(` Fl evcj
wife of tM .+w - Leroy Floyd vpon a iepsratt ~nd privst~
examinaYan by ms takm kpsr~te and +part from her sa;d husbsnd, atknowledged ro ~nd before m~ that she executed said instrument fre~ly and volun.
rerily ~nd nritho~t arqr compulsion, constraint, apprehensisry or fex of w from her said fwsband. ~
WtTNESS my h~nd antl offida! seal thi.__~~Q~ y of
d° A. D. 19_~. ~
Notary P rc in ~nd for the State of Florida aT luys
Retwn Ta. F/ Mr ission expires:
Firs? F~d~~~;;aa!iigs i~ toan Associat~on ~nl q/V~ NOtary PubNC, stat~ of Florida at La~~e
pf~~_4~i RECOR My Commiss~on Expir~s Aug. 6, 1967.
_:Fa+•w..~l/ ~ - ~FO Oond~d By American Sunty C,Q. of ~ Y.
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