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Home My WebLink About2091 3. To pla:~ ~nd continuously keep on the buildingi now a hereafter ~itu~te on sa~d Isnd +nd on al~ equtpmeot and penon~lly cova~d by this mwty~ p~, with all premiurtis thereon p~~d in fulL fire insuronce in ~he usual sundsrd polity fwm, rn • sum ~pp~oved by 1M MORTGAGEE, and wind~twm insurant~ t~ ~M ~sual standard pol~cy fam, in • sum approved by ~1+~ MORTGAGEE, in ~~ch to~+~pany or comp~n~es a 1M MORiGAGEE msy dir~ctt ~nd •II fi~~ ~nd w~ndsform insuranc~ poliues a+ any of iaid b~ild~~s, ~ny int~~es~ there~n o~ p+?t thereof, in tM a~y~e9+~~ s~m afaesaid ot la ~xceu thereof, zMtl conqin the viuat itandard mor~yagee clavse w such other cls~ie as ~M Matyagee may requ~~~, makinp ~he loss unda ia~d po1F cia, each ard ~v~ry, paYab~e to sa~d A10RTGAGEE as its intereit may ~ppear, and each and every ~uch policy ~hall bt promptly au.gncd and delivered ~o any Mld by iacd MORTGAGEE ss furtha secvrity to wid mor~paQe debt, and, not leu ~Mn ten (10) days in adv~nce o( ihe eapir~t~on of e~ci~ pol~cy, to de- liva ro uid MORTGAGEE a renewal tFxreof, toge~her wilh a reteipt fw the premium of such re~ewal; and Iher~ shsll be no fire or windstam insurae~c~ pl~ctd on ~ny of aaid buildings, any inlNCSf thtrein or part thereof, unleu in the forrn'~nd wilh tM loss payable as afwet~id: u+d in the ev~nt a~y tum of mon~y becomes payable under such policy o~ policies aid MORTGAGEE shall haw tM option to receive and ~pply the s+mt a+ +ccount o~ the ind~bted Mu secvr~d htrtby a ro petmif said MORTGAGORS ro reteive and u3~ it Ot any part thereof for other purposes, .vithout Ih-reb/ waivi~y c~ ~mpair- inq any aqu~fy, IiM p~g~1) YIK~N Of by vi~tue of this ma:ysye; and in the avent sa~d MORTGAGORS shall fw any re+son fai) fo keep the s+~d pr~mius so insured, w(ail to deliver promptly ~ny of uid policies of insunrxe to s+id MORTGAGEE, w fail promptly to p~y fully any premium therefw o~ in any n~pect fail ro perform, distharge, exetuts, effed, compltte, comply with ~nd ab~ by this tovenant, or ~ny parl hereoi, u~d MORTGAGEE may pl~ce +nd paY fo~ tuch ins~rance or any p~h thereof without watvinp a affectuq any option, lien, equity. or righ~ unda a by vi~tw of thii Mortyaye. ~nd fhe fvll ~movnt of cach and ~very such payment shall be immedi+tely due and payabl~ ~nd shall bear interest from ths dat~ thereof uroil paid ~ tM ~a~~ ot n+ne p~t cenrum per annum and to~ethcr wirh sucA interest shall be secured by the li~n of this fnwt9spe. 1. To pe?mit, canmit or suffer no waste, Imp+i~mcnt a deterioratio~ of said property o? +ny ps~hc~eef. S. To pay ~I) and sinp~lar the.cost~, charget ~nd expenses, includin9 a reasonable attorney i fee and wsts of abstrstts of title, incurred w paid st ~ny time by said MORTGAGEE, becaus! w in the event of tM failure on the part of the ssid MORTGAGOR to duly, promptly and fully perform, d~schsrge. ~xecu~e, effed, complete, comply with and ab~de by each and every the stipvlatwns, ag~eemenn, conditions, and covenants of is~d promissory note and this mort9ape any o~ either, and said costs, charget and eapenses, e~ch and every, sMll be immedi~tely due and psysble; whethe? p not there be notice de- mand, attempt w collect w suit pending; and the fvll amount of each and every such payment thall bear interest from the date thereof until paid at the ~ate of n~ne per ccntum per ann~m; and all said cdsn, charges and expenses incurrad w paid, together w~th such interest, ~hall b~ sec~red by tM lia+ of tAu mortpsy~. 0. Th~t (a) in the event of any bresch of this Mwtgage w defsult a~ tF+~ pa?t of Ihe MORTGAGOR, or (b) in the event any of ~s~d tums of money herein referred to be ~ot promptty and fully psid within th~~ty (30) daya next afie+ the same severally become due ~nd payable, withoW demand or notice. or (c) in the ewnt exh and every thc stipulatiau, a9reements, conditions and coven~n:s of sa~d promiswry note and th~s mwtgape any or eithe? are no1 lu1y, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied with and abided Sy, then in eithe~ w any such eveM tht said s~ yre~at~ svm meMioned i~ said promissory note tFxn remaining ~npaid, with imerest actr~ed, and all moneys setured hereby. shall become dw and pay- ab~~ fathwith, or thereafrer, at the op?ion of sa~d MORTGAGEE, as fully and completely as ii all of the said wms of money were aiginally atipulated ro be paid on such day, anything in sa;d promissory note or in this Mwtgage to the contnry notwithstanding; and tlxrevpon or thereaha at the option of ~aid MORTGAGEE, without not~ce or ckmand, s~it at law or in equity, therefore or tFkreafter begun, may be prosecuted as if all moneys secured hereby hid rtN~urtd pf~W to ifs inslitutiOn. 7. That in the event that at the beginn7ng of or ~t any time pendirg aay suit upo~ this Mwtgsge, or to fweclase it, or to refwm it, or fo enfwca payment of any claims hercunder, said MORTGAGEE shall appty to the Coun having jvr~sd~aion fhereof for the appo~ntme~t of s Receiver, such Court shall FatFiwith appo~nt a rrceiver of said mwtgsged property all and singular, i~clud~ng all and s~ngular the income, profiti, issues and ~evenues from whatever source derived, exh and every of wh~ch, it be~ng expressly understood, 3s hereby mortgaged as if spec~fically ut forth and described in the granting and habendum clauses hereof, and such Receiver shall have alt the brosd and efiecrive funa~o~s and powers in an~vrix entrusted by s Court ro a Receiver, and tuch appoinfinent shall be made by such ~ou?t as sn admitted equity and a rt+atter of absolute right to said MORTGAGEE, and without refererxe to the ~dequaq d inadequacy of the vatue of the property mortgaqed u to the soivency or ~nsolvency oi sa~d MORTGAGOR a the defendants, and that such rents, profin, in~ome, issves and revenues shall be appiied by such Receiver accordiny to the lie~ or equity of said MORTGAGEE and the pradice of sucA CouA. g. To dul-r, promptly and fully pe~form, discharge, execute, effetl, complete, comply wifh and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mo+tgage set fwth_ 9. That in the evrnt tF~e ownership of the mortgaged premises, or any part thereof, becomes vested in a penon other than the MORTGAGOR, the MORTGAGEE, its successon snd au~gns, may, without notice to ~he MORTGAOR, deal with s~ch svccessw or successor in interest with reference to this , mwtga9e +nd ~he deb~ hereby secured in the same manner as with Mortgagw without in any way vitiating a discharging the Mortgagori liability hero- u~de? w upon the debt hereby secured. No sa~e of ~he prem~xs hereby mortgaged ar+d no forbearance o~ the part of the MORTGAGEE or i» s~ccessws p ~sagns and no exte~s~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w au~gns, s~wll operate to releax, d~xharge, modify change w affect the orginal I~ab~t~ty of the ARORTGAGOR hercin, either in whole or in part. 10. It is spec~ficatly agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligat'an sa c~,red hereby shstl at any time thereaiter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to ~he forego:ng monthfy paymenfs of princ pDl and +nterest required by the prom~ssory nore secured hereby, mortgagor covenants i and agrees to pay to mortgagee vvith each monthty payment art add~rional sum est~mated by mort9agee to be equal to 1/12 of the annual cost of the follow- ing: A-All ?eal property ta:es (evied or assezsed agai~st the above described real estate. B-Premiums on fire and windstwm insurance as nerein requ~red to be carried on the improvements situate on the above d-scribed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem tit to carry on the loan secured hereby. Mortgagee sha!1 from time to time notify mwtgagor in writing of the amount due and payable hereunder and suth sum shall thereupon be due and payable on the due date of the ~ext monthly payment and each successive month thereafter ur.til mortgagee shall ~otify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real propcrty taxes, insurance prem:ums, and mwtgage guaranty insurance premivms. IN WITNESS ~VHEREOF, the said MORTGAGOR has hereunto set his hand snd seal the day and year first aforesaid. Si9ned, Se a liver~n the eserice f: ~ / ~ ~ ~ (Sean ' / i ~~~~I ` O<~1S l~ z? (Sean ~ (Ses4 (Saaq . ST E OF FIORIDA St. L11C29 ~ OUNTY OF defwe me personally appeared .°.itLlA2'~ F1 i~en and '~':;~~[jA N1,{ nY~Atl his wife, to me well known and know~ to me to b~ tM individwts describec! in •nd who executed the {wegoing instrument, and scknow~cdged before me that they executed the same fw the purpous thtre~n t:pessed. Arxl tht said riaude ~'li~en wife ot th~ uid Stuart ~''~ip.~en ~pen a sepu+te ~nd pr~vat~ •i~m~nat~on by me taken upa.ate and apa~t from her s~~d husband, xk~owtedged to •nd before me that she exetuted sa~d instrument freely ~nd volun- tuJy ~od wrthout any compu;sion, constramr, •ppreheos~on, oEjear of a from her u us . . . WITNESS my Fund ~nd olfic~a~ seal this _ ~ dey of ^ 1 A. D. 19 ~v ~l 7 Norary PublK in ~nd for the Stat~ of F{wid~ at l~rp~ My Comm~ssion tapirea: ~~Z I Ret~rn To~ First F~dtr~l Sa~i.gs i loan A~youar on • , . o~ ?o.~ D r~ce FIl.EO ~ND RECORD~D ~~yT~Rr oU~«~, sr,~rt pi ' ~Urt Per:~. Flar,d~ rT, ~„~rlr ~~1U~iTY. FLai. ~v~..~v.tiLY:, _:v~V I.~PI(~F~ ~u ~ - ~ ~J. - r• rM_o r' ~.^'~~O' ~I - . , ~ r 164'~~'7 . . - : . - ~ ; tn?, ~68 FEB 2~ d~M I~? : 2~ ~ - Fic~t ie,~`. ~ ~ ~ . ~ . . n. . _ ~ - _ oi f ? ~~~~c ~ l~=- , - ` Br --•:__::nll : na . . „_~ii~ ~:F+~I;IT COURT rt~ ~ O ~ ~ ~ ao~~K 17 ~ar,f 85 . _ ..r _ ~ t; - ~;:~b~ ~ ~ ~ _