HomeMy WebLinkAbout0642 3. To ptace and conr~nuously kcep on the bu~ d~ng~ now or hereafter ~ituale on sa~d ta~xf and on aR equipmenl ~nd personally covered by thii mo~
ag0, w:th a11 pre:nw ~S thercon p~ d m full, }ue ir.surance in Ih: ~S~al Sts~d~r~J pp!i~y fOrm, tn • Sum spprovrd by ~he MORiGAGEE, s~~d wind3to
~nwrance ~n thr ~suai srandaid po'•.cy fo~m, in a s~m appro~ed by thr MORTGAGEE, in such tompany o~ cumpsnies as the MORTGAGEE m
d rect; and aii t~re a.~d w~nJs!orm ~ns~rance poi~c~es on •nY of sa~d build~~gs, a~y ~~~e~esr ~hzrein or par~ thereof, in the aygregate •um •faesaid ,
m ea.ess ihe+eof, s~~ali coma~n ~he usuai a+a~~dard mo~~gagea ciause w such o~her clause ~s the Morfgagee may requ.ro, making the toss unda. sa~d po
c~rs. each and every, pa,ab!e to sa~d ~\~ORTGAGEE as its ~ntar~st may appear, and each a~d e~'ery wch po:~c~ fhall be prwnptly assgned a~~d detive~ed ~
ani he:d by aa~d .!ORIG~GEE as funh~r s,curiry ro sa~d n:atyaga debt, and, not less than ten (101 days in advance of the eapiranon of each pol~cy, to d.
l.rer to said :10RTG~.GEf a renewa~ thr.eof, togc~her wirh a rete~pt for the premi~m of such renewal; and there shall be no 1iro or w~nds~orm insurant
plj~ed on any ol sa:d b:;~:d~ngs, any :nterest ~hrrean or pa~t thrreol, vn!esa ~n the (orm and w~th ~he 1~ss payable as aforesaid; and in the went a~iy sun ,
of money beco:nes payou:e under s~ch pol~cy or pol~ciNS s~~d A10RiGAGEE s!~~11 have thn opt•en ro rece~ve and app?y the sa~ne on account o1 ~he indabted
ness set~~td 'Reteby or to permil ~a:d MORiGAGORS t0 reteivC dnd os! it O~ dny parl ~h?:~•of lOr O:nr~ Fu~i.~JSei. v.~tn•;,~t thtr~u/ iv3ivi~:3 .;r rnpoir~
~r~ any ~~~ty, I;en or ~~ght undrr or by virwe of th~~ mo::9age; and in the evrn~ sa~d MORTGAGORS shafl for any reason fai) to keep the ia~d premisrs so
~nwred, or fail to da~ivcr promNfly any of sa~d po~~cirs of iiswance t0 sa~d MORTGAGEE, o~ fail p:omp!iy to pay tuily any pre~~u~m therefw o+ in a~y
~repect fail to perform, d~scharge, execute, efiect, canptere, co~nply with and ab~de by th~s cove~~ant, or any part h~•rrof, sa~d MGRTv.1GEE may piace s~d
pay fw such inaur,,nce ;.e pa~t thereof w~iFw~t weiving or affectiny any option, lien, equ~ty, or r~ght urtder w by vir*ua of ~his Mortgagr, and tht
4,,11 amount of eath and eyer) s~ch paymrm shall be I~r.mediately dve and payab~e and shall bear inte~eat fiom tha dale thetcoF uroil poid at the rate OI
~~.ne per cent~m ~C~ d~~~u n~nd to~rthrr w~th such uve:os~ shai~ tx s~ured by Ihe lien of th~s mortgaye.
l. To permit, comm~t or suFfer no waste, impairrticnf w detericration of sa~d property o? any pa~t thereof.
5. To pay all and s~ng~lm ~he costs, charges and expenses, induding a reasonable ananey's iee a~d costs of abstrads of title, incurred or paid at
,^y ~f'.,e by sa~d MORTGAG:E, bccause c~ in the evem of the fa~iure on ~Fu pa~t of the said MORTGA(',pR ~o d~ly, promptly and fully parf~xm, d~stharge.
_.:c~fe, effeu, canp:ere, co *~ply w~th a~d ao de by each and every the st~pu+a~~ons, agrern,rnt~, coMfmons, and covenants cf sa~d _
,~orrgage any or e~~her, a~~d se:d costs, cha~ges and e:penses, eath and every, shall be immrd~ately due and payable; whether o? not there be no~~ce dc
~•~~~d, atie~r.pt to coltrct or suit pand nq; and fhe i~~t a~`wum of each and every such paymeni ~hall bear irterrs~ trom the date thereof until paid at the
o~ n,~x uer ccm~m ~,rr on.~c,r anc aii sa~d cusrs, c~~a:ges and c¦~enses +n:urred ar paid, togethar w~th such inie:att, shall be secured by the I~en of th~~
mortgage.
6. That (a) in the event of any breach of this Mo~rgage w defa~St on the part of the htOR7GAGOR, or ;b) in the event ~ny of sa:d wms of money
! e•e~n ref~rrad ~o be ~~o~ pro~.,p!ty er,d ~~'ly pa~d w~rh~n th,~ty t30; days nex~ airer tne sa~:~e se.•e~a':y becon~e due and payable, without dem~nd o~ not~ce,
c) in thr eveni each and every ~he s~~pu:anons, agreemcr.ts, condmons •nd covensnn of sa.d p~amiisory nott and th~s mortgage ~~y or either a~e not
l~'y. promptiy a~d t~~;y per4ormed, d scharged, e~ecu~ed, efteued. compkted, compi~ed w~~h and a6~ded 9y, then in e~~ther or any such aveM the sa~d ag
~~rgare s~m ment,oned ~n se~d pron~usorj nore then rema~~~~ng vnpa~d, with ~nrerest acu~ed, and a~i moneys setvred he~eby, sha~l become due and pay-
ec e ferthw~th, or therrafrer, at the opr~on of ~„~d t10R~GAGEE, as fulty and comp:etr~y as it a~i of the sa~d sums of money were or~gin~ily shQ~lsted
c he p:+d or. such d.:y, an~f~,,ng ,n sa.d pro~n,ssery note or in rhis Morfgagz to ~he conrrary notn~th~ta+~d~~~g; and ~hereupon w thereafter ~t tht opno~ of
s~ ct MORSGAGEE, w~tho~r nor,ce or demai:d, wA at latv o~ in equ~ty, therefore w therraf~e. begun, may be proaecuted as if all moneys secured hereby
r :,i ~„ar~,red pr,o~ to ~ts ~ni~~tutian.
7. iha~ ~n ti.e e.ent ~Aar at rne bey~mm~9 of or at any ume pend~~~g any su~t upon rh~s Mor~gage, or to fwedose it, or 1o reiwm it, or to enforc~
:,.-nent oi any c:~~~ns he•eo:,dcr, se~d .".1041'v:.GEE sha!1 aµp!y to rhe Ceurt hev~n~ ~un~d.c~~e.~ thcreof for ~he appo~mment of a Rece~ver, such Covrt shaif
~•hwrh apFC,nt a rece~ver ot s:~~d mo+tgayrd property a!~ and s~~guiar, inc!~d.ng a~i and s~~~ya~ar rne ir.come, proF~~s, issues artd revenuef from whatever
i •cr den+e~. ez:h and e~ery of .~h ch, it t~c~ng eaNress~y unde~s}oec1, ~s ?•errby mor+geged as if spec.l~catly sH forth and destr~bed io the p~annnq and
~•.~en:3um c:a.,~es ne.eof, a~d s~ch Rece~:er sha!~ havr al! the b.oad and tf{eCLve 4~nc! oni and powers in anyw:se ent~usted by a Cou+1 to a Recrivsr, and
s.h a~:po~n:me~~f sh~:. bc TAi7Q 6y such Ccu~t as an ad:•~,~~ted rqu~ty ar.d a mairer of abso:vte r~ght ro said MORTGAGEE, a~d without reference ~o the
{:-~{,;acy or ~nadrqvacy o1 tF.z ~~i:~e of the proprrty mortgaged or to the savency or :nsc..e~cy oi said MORIGAGOR or tht defcndaMS, snd tha7 fvth
~+s, proi:e:, ~~~cane, :si~es a~,d re.er.~es sha~1 tx app(~ed 'oy such Reca~+er accoru~ng to the ::en a eqwty ot sa~d MORiGAGEE and the practice of such i
~ourt.
B. To d.~'y, pr.~m~.~:y and i;,:!y pe.fo~m, d.scharge, e,eccute, effect. comp~ere, co~~~~y w~~h and abide by each a~d every the stipulations, agreements,
s ~d,flcns and CJr2nd~}S n sa:d prom:ssc~y r.cre and ~i~:a mer~g3~e srr }orrh
9. That in ~he e.e^t the awn.~~sh,p of the ~-+ortgaged p~em,ses. o~ any part thrrcoF, 6ecomes vested in a pe~wn othe~ than the MORTGAGOR, thf
~RTvAG:E, hs successon a~•d -oss~3~~s. may, w:~ho.:t r,c+r.e to th2 ,titORTG~OR, dea~ w~« suth svccessw or succe~sor in mterest w~th refere~ce te th~s
~~tgage a~:d rhe d_o~ ~e~eoy se:~~~e~ in ene s~me n~ar.ner es w~~h !.1o•t~agor wnhour in any ~vay vif:ahng or d~xharging the Mo{tgagori liabi~ity here-
~cr or uton ihe d.•:.r 'n~-rur scc~~«=1 No sar of ~hr F~r:•,ses h~~reby mo~~geged ard no forbea~a~ue on the part oF the MORiGAGEE w its successors
ess gns ar d.^o ex~e~ s o~ or the r, r,~ for rVee pat~* e^~ of t%~e debt hereby secured g~vrn by the MORTGAGEE or its successors or ass:gns, s.u~l operale
re ease, d.xherge. n+od:ty cna- ge or affect the ony~nal ~~c~.,,ty of the MORTGAGAR heiem, either ~n whole a+ in part.
10. It is scec!~c~.!y aq~red tF.at n~n. ie of the esse^ce ot th~s cantract ar.d that no waiver of any ob'~qar~on hereunder or of tM obliy~tion se•
; :_•rd hereby s~:a. a! an~ h^~e me~ra+te~ :,e hc.d to be a wa~.e~ of the terms hereof or of the ~ns~~~rnent sewred hrfby.
t 11 !.i .~.~;i e._ ,+o ~hc 'o~e~c ~•.u~:!F,,y ..nfs o9 rr.nt pal and ~nteres! ~eq„~red by the prom ssc~y nore srcu•ed hereby. mortga~or tOVenants
, f ay.. es ro ra~ r, r, •g~;~.•. v,~~h ~ech a~. e.,~ ~n odJ ~~ona~ s~m ~sr. - ared b~ mortyjgee to ix equal to 1 12 of tnr arenual cost of the foilow-
t
~
~ A--A!i .~-.t~ ~,~~F:e••; ~a¦_s o• ~ss~sc~.~~.1 ags,~~.sr thc abore desa~bcd resl ea+a~e.
5 F• , c c~ f~N e. d,1:~•.~ss~ .~-s_••,; c_ ~s i~-,e•n .~~q,,..ed to bc ca••~ed c~. the m;;rovemcits s t~are o~ th. abovc desa~bed premises.
i C P•c ~ s o, ,..;h -.r~_ g,;a•a+ ~y ~r,~„ra~ as ~ 0•+3.~3ee sha:l t+c~.~ T^~e tc f:~~e drem f~+ ~o cany on the ioan aewred hereby.
V.o••ge~re s'•: ~ _ •c • e~.~~f, mr~r~sg,~ ,n ,~,r~f,ng o! thr a•~ o.,~t d~r and pa~a't>~e he~eundr• and such sv~n shail thereupon be due and
6 .e','e o~ 'h_• c_.~ ~ p,~~. .t a d eac~ su.cess~re ro..~h thereeft.. urn; mcrtgegee sha!t not~fy mortyagw of a change in wch
_.,r.r. Sv.h s•.. ^s s~ ~_e a;.~ .rd k,r ~,..,.tg;y re !.,:.a•d tne par~T:ent pf real propert~ taaes, insvrance prem.ums, a:~d mortgage guaranty insur~nce
. -.~u'nf.
' :::T~:E~S .'.H;R;Of, !n~ sad MORTGL~v::R has hereu•~to set h~s hard and seal the day and yea~ iirst a(o+eseid.
- ~ , iea!ed a-d dr" re ~n the p~esence of: ~
_ y- '~c..C~Il.~ •n
rt arold V. Gates ~~i~
ri ~ ~ -
~ - f _ _~~L~ _ _ - (Seaq
_ _ - - - - - - - - - - ~ (Se~q
- Hilda I. Gates
A = ~TE Of iLORIDA 1
o- ~L . Luc ie }
_.;u•~tY OF - - - - - ~
< Narold V. G tes
~ Be~we me persona iy appeared
- - - ~nd
Hilda I. G tes
- his w~te. to me well 4nown and known to me to k»
a ~=:d:~~d,,a's desc•~crd in and who <RQCi!(@d +1u fweyc~ny instrumeN. and scknow~edged befwe me tMf they executed the same fw tbe purposs~
- : ~x~:~;;~~. m~ .~:d - - Hiida I . Gates - .
` - - - -
` ~e of the sa d ~~rOld v. Ga tes upon a tep~rate and priv~M
a ..a=, n~t.on by m~ ta4rn te;:a~ete a~~d apan from her aa:d h~sb~nd acknowfcdged to •nd befn•e me 1lw1 she eaecutrd seid inftr~mt~~t ireety and voiun
~e a~.d wnno~t a~y co,;.~;i,on, co~~u~e,~:t. •F;~~eher~son, w~ar of or f~om hrr sa~d husLaed.
' Y11TP.ESS m~ ha~d ar.d o~4,c;a! arel th:s -~IC_~ d~y of----- ~0'le~h r A. D. 19 71
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Noury Cub~ic in •nd fw t~f~
Stat~ sf fioFida Lr~.,
~ My Comm~ssdon ~apires: f~~ ~
R?t:~rn to: ~ ~
F.nt Fede~~i Sa.~~q• 6 toan Asso:~.+.o~ _
: .-t r' . ~ .
~~,t c.. r fILED AMO RECOltQ~~ -
_ _ ~j. ~t1C1E GOUMSY F : - _
R P01?RA: -
- I106E t COIIM~ ~ ' ` ~ `
- CLERII ~~Rf 1f D -
- RECORO YE ' -
- Th~; Instr•.;~,ent Prepared By R icha rd K. Kayes ~~j' + .~''.i~''"
_ F~rst Federai Sav~r:~~s b loan Assac~atton ~ 11 '0 ~S
~3 of Fo!.• p;erce ~ FIOT lda
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ChPcked By ~
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