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Home My WebLink About2305 , ~ 3. To pl~a a+d contin ~ vovsly k~sp on tM buildinqs now or here~fte~ situate o~ :aid land and on all equipm~nt ~nd p~rson~liy vK~d by thS mwt¢ ~9~. with atl pnmiwn~ ~h~rwn p~id i~ futl. fir~ insurance ~n ehe uiual s~andsrd policy fwm„ in a sven approwd by th~ MORTGAGEE, and windstwm u~surinc~ in ~1w us,H~ ~tu~dard pol~cy fam, in ~ sum approved by ~he MORTGAGEE, in s~ch comp~~y o~ compani~s a ~I+~ MORTGIIGEE may dtroctj ~nd ail fin and wieidsfwm iryurance polic~ei on any of iaid buiid~nps, any ~nttr~st rherein o~ part tMreof, in tlk a~rep~te tum ~fortaid ot 1n exc~ss th~rwi, shall cont~in tM ~nual st~nd~rd matgage~ clsusa a ivch o~ha cla~se ss ~M Mo+tpage~ may requ'u~. makinp tM Iost vnder uid pol} des, each ~nd ~v~ry, pay~bl~ ro s~id MORTGAGEE as ~ts interest may ~ppea~, and eacA ~nd every iuch pollq shall be promptly au:qncd and delivered to sny Mld by said MORTGAGfE as funhsr securiry ro iaid mortpage dcbt, and, not (ess tl»n tee? (10) days tn adYa~ct of tM ~apiration of each policy, ro dr iiver to ssid MORTGAGEE a r~newal therwf, toy,etF~ with • rece~pt fo~ tM pr~m~um of wch renewal; ~~d ~he~~ shsll bt no fire w wi~+ditorm iniu~anc~ placed on any of said buildin~s, any interest therein w put ihereoi, unless in the to~m and with tM lost payable as afaesaid; and in tht evant ~~y sum of mon~y b~c~p,iy payabl~ ~e~d~ wch parcy p po~K;as N;d MORTGAGEE ~hall Mw ths option ~o receive and apply tha same on ~ccoum oi tM ind~b~cd- r,eaa stcvt~d htrlby or tp ptrmit s~id MORTGAGORS to rettive ~nd use it p any part thereof fa other purpoacs, witnout the~eb~ waivi~~g w impair- ~"9 d~Y ~qvity. lisn or rght under w by virtw of this mortpsge; and in the event said MORTGAGORS shall to~ a~y ~ea;oe? fail to keep the said premises so inaured, a fatl q d~tiver promptly any of said policies of insurante ro said MORTGAGEE. or fail promptly to p~y fully any premivm therefw a in ~ny respect fail w pNforrty dixhupe, execut~, ~ffect, complete, compty wirh and abide by thi~ covenant, +o? a~y pa~t hereof, said MOltTGAGEE may pl~ce and pay fw such inw~arKy o~ ~ny p~N tlx~eof without waivinp w ~fiactinp any opNa~, Ikn. equity, a~~ght unde? w by vi~tu~ of this Matgaye. ~nd thc 4u11 ~mo~n1 of eath and twry suth p+ymenl shall be immediately dw ind p~yabl~ and shall beu interest (rom th~ date thcreof until paid at the raro o! nine per ce~tvm pN annum and loyethcr wi?h such interest thall be sen,red by the !ien of thi~ morr9age. 4. To p~rmit, commit w suffer no waste, imp~irmeM or deter'wtation of said propery w any psrt thereof. 5. To pay aU ~nd siapular the coib, charges and expenses, including s reasonable ~trorr?ey i fee and costs of ~bstracts of title, incurred o~ paid at s^Y by s~id MORTGAGEE, D~ca~se a in the event of the failure on the pa~t of tM uid MORTGAGOR w~vly, promptly a~d fvlly pafwm, d~uh~rgR executs, effect oomplet~ cornply w;th ar+d abide by esch and every the stipulations, agreements, conditions, and covensnts of sa~d promissory nota snd ~h~i mort~p~ ~ny ur ~ithe~. ~nd iaid costs, ch~r9es and expenses, each and every. ahall be immediatety due and payable: whether a r?ot there t» ra~ice ds mand, att~mpf .ro mllect or wit pendi~gj and tFa ful! amovnt of each and every s~ch psYmem shall bear interest irom tF?e date thereof u~til paid at tM rare of nin~ per centum per ~n,wm; ~rd all said cosn, chup~s ~nd expcnxs incurrd or paid. ~ogether with wch interett, shall be secured by the lien of this mortpy~, ~ 6. That tn ths event of any breach of this Mwrgap~ or defautt on ths ps» oi the MORTGAGOR, or (b) in the ~vent ~ny of s~~d wms of monsy her~fn r~(drrsd to be not promptly ~nd fully paid.within thirry (30) daya next afte~ the same sevc?ally bttome due ~nd payable, withovt demand or ootice, or (c) tn tl» ~vent ~ach and every the stipulations. ~greemants. condieions and covenants of sa~d promiuory note and th~s mwtgape any or eirAer are nd iuly, promptly ~nd fully pe~famed, discharged, execvted. effected. completed. compl~ed with ~nd sbided by. then in eitMer w any such event ths said ap~ ~rayate wm mN?tio~ed in uid promissory note then remai~ing vnpa~d, with imerest acuued, and all mooeys searred hereby. shall become dw and pay~ ebt~ forthwith,~ or therNft~r, at tM opteon of said MORTGAGEE, u fully srxi completely as if all of the wid wnr of money were w~pinally stipulated to be peid an such day, ae~ythinp in ssid promiuory note or in this Matgsge to tF+e contrary notwi~hstandinp; and tF~ereupon or thercafter st the option of said MORTGAGEE, withow notit~ o~ demand, wit at Iaw or in equity, therefwe w theresfrcr begun, may bt prosecut~d u Ff al) moneys secured hereby had m~tur~d prior 1o iri inttitvtion. 7• Thtl in fM event fMt ~f the beginning of or at aey time pend;ng any suif upon this Mwtgage, a to foreclos~ it, w to roform it, p to enfort~ payment of ~ny d~ims hereundcr, said l~IARTGAGEE shall apply to the Court having jur~sdrction thereof tor ths ~ppointmenf of a Receiver, tuch Covrt shall forthwith appoiM t raceiver of sai~ mwtpaged property all and singula~, includ~ng all and singvlar the income, profits, issues and revenues from wMtevet wuru d~?ived. Nth and every o# which, it beinp expreuly understood, is her~by mwtgaged as if spec:ficatly set fotth and detvibed in the prantiny and habendum da~tes hereof, and such ikceivtr sMll have all the b?oad and effectire funct~ona and powen in anywise entrusted by ~ Covrt t9 a Receiver, and ~uch appointment shsll b~ made by such Court ss an sdmitted equity snd s m~tter of absolute right to said MORTGAGEE, and without reference fo ihe edeq~acy or inad~qwq of the wtw of the properry mort9aged or to the sorvency w insolvency of said MORiGAGOR p the defendanb, and that such renrs, profiq, incoms, issves and revenues sh~ll bs applied by such Receiver accord~nq to the lien or equiy of said MORTGACEE and the practiu of such ~ Court. 8. To d~ly. promptly +nd fully perfwm, discharge, execute, effcct, complete, compty with and sbide by each ~nd avery ths stipul~tions, ~gr~sments, ~ conditioro and covenants in said promissory ~ote snd this mortgage set fw~h. ' ~ 9. That in the event the ownenhip of fhe mortgaged premises, w any psrt thcrcof, becomes vetted in • person othn fhan the NIORTGAGOR, tM i MORTGAGEE, its succeswn and suign~, may, without no~;ce to the MORTGAOR, desl with such succeuo? o? succ~sspr in interest with reter~nce to fhis ~ mo~tgage and ths debt hereby secured in tF~s same manner as with Mortgagw w~~hovt in any way vi?~atinp a dixharg~ng the Mong~gon' li~bility her~ ' under w upon tM debt hereby secured_ No sale of the premises hereby mortgaged and no tabearance on the part of the MORTGAGEE or its succesaon i or e:sig~s and no exte~sion of the time fw the paymtnt of the debt hereby secured given by the MORIGAGEE w its suctessors u asi ns, tihal! ' ~9 ~ ~o releue. discFwrye, modify chsnge a affect thc wginal liability of ~he MORTGAGOR herein, either in whole or in part. ~i~i i 10. It t~ specifically agreed that time is of the esunce of this contrad and that no waiver of sny obligsYwn hereunder or ~,~~~1~~~~ ~ cured hereby sh~Il at sny time thereafter be held to be ~ waiver of ths terma hcreof w of the instrument secured herby. ~ y:! ~ 1 i. In addition to the forego:ng monthty psymen~s of print pa) and interest required by tFro prom~ssory norQ sewred hereby,~ m 1pe~go~'•pqvenanq'y and agrees ro pay to morfgagee with each monthly payrnent an addi~ional sum estimated 6y mortgagee to b e equal to 1/12 of the annpa~ o~ f p~flf~,~' ing: ~ - ~ .1y 'l~~. tf' ~ ~ A-Afl rNl propeHy taxes kvied or auessed against fhe above desc~ibed real estate. ~ ~,1 .t B-Premiums on fire ~nd windstorm inw?ance as herein requ~red to be carried on the improveme~ts situate on the ~bove desoib?d•~?' ~i~tn~s~~~~, C-Premivrra on such mortyage yuaranry insurarce as mortgagee shall from time to time deem fit to carry on the loan secured ~fS/ Mort9agee shall from time to time nolify mortgagor i~ writing of the amouM due and paya~le hereunder and suth wm shsll tlxte~ tQ'~~ei~id Fayable on the due date of tha next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of s c~'i~ in wch emount. $uth sums thsll be ~pplied by mwigagee toward the payment of real propeny taxes, insurance prem:ums, snd morlgage guar~nty inwrsnce p~emivms. IN WIiN HEREOf, the said MORTGAGOR has hereunto ut his hand and seal the day and year iint sforesaid DISTRICT DVISORY " w~ce of: BOARD UF THE FLORI ST CT F ZARENE v - wl ss g n o , es en , •n ; y; H 1 n e ~ n _ . C. K ers Secreter ~ STATE OF FLORIDA COUNTY OF 3~atH~eE ORANGE ~ 1 HEREBY CERTIFY, That on this 1? ~ay of _ February , A.D. 19 67, - before me personally appeared John L. Knight a~ E. C. Ktlippers , respectivel President and Seueta ~_t Distric~ Advisory Board o t e ori a ry ~ -.i~~, , a Florida Corporation not~~~~~ ~~r~~•~ ~ ` ~ . p~ h ~~o'{r~~. ~ known to be the persons destribed in and who executed the foregoing instrument, and saverally sckn~w ~tt3e` ex~ = , cution thereof to be their free act and deed as such officers for the uses and purposes therein men~ionQif;cpQd~ ~~I tttey . : atfixed thereto the official seal of aaid wrporation, and the said inst~ument is the ad and deed ~'o~ ~s~id, cor~p?8tidri;' ~ WITNESS my hand and official seal at~elt~Dd6~[ ~ i nfy and state. FILEO AND RECOROED' ~ ST. IUCIE COUNTY. FIA. Notary public, in an for State a~c{„Co t~ ~f~- i~~"'"~"'~ ' RECORO VERtFtED ~ My Commissio~ Expires: ~~11 ~ 15. _ 15298~ ~ ~ ~ " _ - - . '6T FE8 9 y P1~ ~ 1 az.~cG~!` ' f~~v R r OITRAS , CIERK f`~p~U~T ~CURT , 800K~~64 PACE~t O ~ . 1 ~ ~ L . „ ; ft" ' ! tr a~~~~ ,~•-.,`"'"`-+~..~~~~:t~~"' ~-^s~;'~, r ~ ~--<.s`-°~'`3~, 'fit^`^~-.'~`~,.~'