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Home My WebLink About0245 3. To pi3ce and conrinuausly keep on Ihe b~i:d~ngs now or herea{te~ i~tuate on soid land and on al{ equipment and personally covered by this mo~ ege, wilh all prcmi~nK th~reon pald in full, hre inswance u~ the ~sual a~andard po~icy fOrm, in a svm appwved by tha MORIGAGEE, and windsto ~nsurance in the us~al st3nda~d pol.sy fonn, in a sum approved by ihe MORiGAGEE, in such company or :ompanies as the MORTGAGEE m d~rect; and aD (ire and windswrm inwrance potic;es on any of said build~ngs, any in~erest therei~ or pa~l Ihereof, in the agg~ega~e sum afo~esaid in eacess Ihrreof, shall ;untain ~he usual standard mortgagee clause or such othei clause ss the Mortgayee may requ:re, making the loss unde~ sa~J po c~es, e•~ch and every, paya5!e lo said ~tORiGAGEE as ~ts ~merest may appea~, snd each and eve~y suth poucy shall be promptly assgn~d ard delivered ti any heW by sa~d h10RiGAGEE as funher s_cu~ity to said morigage drbt, and, not tess than ten (10) days in advarce o( the expiration of each polity, to d. l~ver to sa~d :10RTGAGEE a renewal thereof, toge~her with a rece~pt for the premium of such renewa!; and there shall be no f~re o~ w~ndsro+m insuranc placed on any of sa~d bui!d~ngs, any intcrest thzre~n w part thereof, unless in ~he form and wi~h Ihe ioss payable as atoresaid; and in tFie event any sun of money beco~nes payable under wch policy or policies said MORTGAGEE shall have the opt~on to reccive and apply the same on accou~~l o( the indebtrd ~ess secured her~by or to perm~t sa~d MORTGAGORS ~o reeeive and use it w any part thereof tcr o:h~•r Fur:•osrs, ~v~~ho~t ih_+, ui .v~i.~ ~7 c~ ~~e~p~~' ing aoy equ~ty, lien w r~ght under or by virtue of Ihis mo:!gage; and in ths event said MORTGAGORS shall for any reason fail to kcep the said premisas so ~nsured, or iai) to drliver promptly any of said poGties of insurance to said MORTGAGEE, or foi! p:on:ptly to pay fully any prrm~um thcrefor or in any respect fa~l to per(o~m, d~scharge, eaec~te, efFect, complete, co:nply with and ab~de by this tovenant, or any part hareof, said MORTGAGEE may plete a~~d pay for such inwrance or any part thereof w~thout waiving w affecting any op~ion, lien, equ~ty, or right under or by virtue of this Mortgage, and thc f~Il amount o( eath and e~er~ s~~ch paymem shall be immediately due and payable and shall bzar iNCrest from thct date thercof until p~id at the rate of n~„e per ce~vum per annu:n and to~~thrr with such inferest shali be seccred by the tien of this mortgage. 4. To permit, commit or suffer no waste, impai~menf or deterioration of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any fin:e by ss~d MORTGAGEE, because or in the event oi the iailure on the pa~t of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. _xcc~~e, effeU, canp:ete, comply wah and ab:de by each a~d every the stipulat~ons, agreements, conditions, and covenants oi said promizsory note and this ,~ortgage any o? e~ther, and sa~d costs, charges and expenses, each and every, shall be immediately due and payabte; whether o~ not there be nor~ce d~ c~3•~d, atte:npt to coUect or sui~ pend~ng; and the tull amount of each and e~ery svch paymeN shall bear interest from the date thereo4 until paid at the ~ r.• o% ~~i~~e pe~ c~r.nm Fxr an~~~:n; ~nc all said costs, charges and expenses incurred or paid, together wah such interest, shall be secured by the lien of th~s mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event any of said sums of money t~c~ein refe~red to be not premptly and fully paid within thirty (30) days next aite~ the same severa:ty become due and payable, wi~hout demand or notice, or (c) ~n thr event each and every ~he stipu:ations, agreements, conditions and tovenams o` sa:d prom;ssory nofe and th~s mortgage any or e~ther are not ju1y, promptiy and fully performed, d~scharged, executed, eifetted, completed, complied with and ab~ded 5y, then in e~ther o~ any such event the said ag- ;-•_gate sum menrio~~ed in said promissory note then remaining unpaid, with intere>t accrued, and all moneys secured hereby, shall become due and pay- ac.e.forthwith, or thereafrer, at thc opt~on of said MORTGAGEE, as (ully and completely as ii all of tF~e said svms of money were or~ginally st~pulated to be pa;d on wch d.:y, anyihing in sa d pro:nissory note or in this Mortgage to the contrary notwithstanding; and ~hereupon or thereafter at the opt~on of s;:d MORTGAGEE, wnhcut nor~ce or demand, suit at law or in equity, therefore or thereafrer begun, may be prosecuted as if all moneys secured hereby n::d matured pnor lo As institution. 7, That in the event that at the be9ino~ng of or at any time pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce ~'~vment ot any ciaims hereunder, said MORTGAGfE shall apply to the Court having jur~sd:ction thereot for the appo~mment of.a Receiver, such Court shafl tc, thwith appoint a receiver of said mortgaged property aI! a~d singular, includ~ng all and singuiar the ir.came, prol~ts, issues artd revenves from whatever s: v*ce derived, each and every of which, ~t being expressty understood, is hereby mor~gaged as ii spec~(rcalty set forth and described in the granting and F~bendum cia~ses hereof, and such Receiver shaH have all the broad a~d eftective funa.ons and powers in anywne entrusted by a Court to a Receiver, and s=h appointment shall be made by svch Court as an ad~nitted equity and a matter of absolute right fo said MORTGAGEE, and without reference to the r.:! ~quscy oe inadeq~acy uf the vat~e of the property mor?gaged or to tht So:vency or insolvency o( Said IdORiGAGOR or ihe defe~dams, and that such • rs, profits, inco.ne, issues and revenues shall be appiied by such Receiver accord~ng to the tien or equity of said MORTGAGEE and the practice of such LJ:lfi. 8. To du!y, prompt!y and fully pe~form, d~scharge, execute, effect, complete, comply with and abide by each a~d every the stipulations, agreements, .d~tions and covenants ~n sz~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~RTGAGEE, its successors and asvgns, may, without ~otice to the MORTGAOR, deat with such successor or successo: in interest with reference to this o~rgage ar,d fhe d~•bf hereby sec~red in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- .::~der er upon the debt hereby secured. No saie of the premises hereby mortgaged and no fo~bearance on the part of the IdORTGAGEE or its successors or ass~9ns and no extens~on of fhe t~me for the payment of the debs hereby secured given by the MORTGAGEE or its successws or assigns, a~ial~ operate ro .e!ease, d.scharge, modify cF~ange or affect the Original Jiai~il~ly of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fica:ly agreed that time is of the essence of this contract and that no waiver of any obtigation hereunder or of the obtigation se- c~~zd hereby shalt at any time thcrrafter be held to be a waiver of the terms hereof w of the instrumeN secured herby. 11. In c;id:t:c~ to the forege ng month!y payments of print pal ared interest required by the prom~sicry noce sec~red hereby, mortga~or CovenanTs ~ d e3~ec'S ro pay ~o r:o~ryagee vc~th each monihiy pay~.,ent an add~rional sum eatimated by mortgagee to be equal to 1; 12 oi the annual cost of the follow- , J; A--AIt ~~al prop_°~t~ tax.s lev~e,a, o~ assessed agai~~st fh: above descrihed real estate. , 6- Pra~~:~u ns on f.r~ and v,ir.dsronn insuracce as nere~n requ;red to be tarried on the improveme~ts s~tuate on the above d~scribed premises. C-Pre,r~~u~~~s on such mortg~ge g~aranty ir.surar,ce as morrgagee shatl from time to time deem fit to carry on the loan sec~red hereby. Mortgagee sh,!f f~cm t~me to t~me noiify morsgagor in writing of the amount due and payable hereundrr and such s~rn shall thereupon be due and ~ ,;b!e on she due d:,!~ of tFe ne~t mon~h!~ paymem and each successive month thereaiter ur.til mortgagee shall not~fy mortgagor of a change in such 'i _~unt. Such s~ms sha.i be app'i~•d by mortgag~e toward the payment of real properry taxes, insurance prem:ums, a~~d mortgage guaranfy i~surance i :-emiumi. I ~,IN \'JITIvE~S '.~NEREOF, the aaid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ! f / JSgned, Seal and de er m the presence oi: ~ ~ " ~ - - (Seal) } Dennis . Barton, a single ~~a~~ F ' aC~illt (Seaq (Seal) ~ - S~.4TE Of FIORIDA ~ ~ : JUtJTY OF St ~ L11C1@ ~ Before me personally appeared ~nnis R• Barton, a single SC~L11t h~tv~ile, to me well known and known to me to be rn~ individvat~descr~bed in and who executed the foregoing instrument, and atknowledged befwe me that jhe~/ executed the same for the purposes rhere~n expressed. And~hese+~ «ic.s-~f.ti~~~i - - ~ epo~e a ~~rd~ end~pr9vMe •.~.~ri wa~ie~rb~twe-lekerr separaf~ end -epert~eorn-her seld-4tiosband,~tknowledged'7~ aNd"t/efole TR ZhaT Sfi~ 41~Meb 331~ iHST/O+Ti~r ~F~ly ~r~d voM~ rr.y.~w~vw?I~w?~nr~ewrwi~ienreenstreint~apprelrer+~~r~e+eTef-er-ffwn-4~er-saidhesba~ / WITNESS my hand and off~ual seal this-_~~ day of $e tembeY A. D. 19 72 ~ s-? ~ - Notary P ic in and for the tate of Fbrida at large My C ~uion eapires: / Si ? S Retum To: • f._ Fint Federal Savings S loan Associat~on i•~~ V;~,~OTARY PUBUC STnTF ^F F~ ~R~nn ~T ~_aRt~ o! Foir v.e-ce _ Y COMMISSIAN EY^."._ 6. 1975 : ~ : ~~t<.?,; GEr1ERA1 INSURANCE Ur~D..RwRfTERS, IIVG fott P~_rce, Florida ~-~~s. :j~:~. ` ~ . ' i :~~t: - , s-'' ' - ~ ;t:'. , : . • f ` fILED 1?~~ KECOY OEO ~ ..rR;: ' :.;~•r,~ ST.LUC~(..~~iJNRAS~A ROGi This Instrument Prepared By: R ichard K. KayeB.~ ~~~~x ~F ~~UR? ( First Federal Savings & Loan Association f~_' •'~:~r':., RF~OR'~ ~c: ~-~EU , of Fors Pierce~ FloYida 33450 ~ ~.f 4 . ~ C[p 5 3 p3 PM'~~ ~ '•!i n- ~r Checked BY . .,,~,.::~Y,~.i v~~ 800~~ 23'744'7 r ~ h} _ ~ ~ - _ _ _ - - ~ - :`r."3 ~ . .t - _