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Home My WebLink About0087 which hu the addreu of (Street) (City) (herein "Propeny Address"); • (State and Zip Code) TOGETHER with all and sin~ulu the tenements. hereditaments, appurtenances. easements, ripairan and other rights and all structura and improvements now an~ hereaftv on the land the the fixtures attached; ali rents. issue and profits accruing from the prcmises; ali gas, steam. electric. water~ heating. air mnditionin~. cooking. rcfrigerating. lighting. ptumbing, ventilating, irrigating and powe~ systems, machina a~nd apptianoes; all shrubbery. plu~ts, trees and crops now ~rowing or that hereafter may be plantcd or grown on the prcmises; and fixtura and appurtenances tluu aow are or m~y bt in or on the premisa. even though they be detached or d+etachable. TO HAVE AND TO HOLD the above-granted premiscs. with thc appurtenances~ unto thc Mortgagee, in fa simple forcvcr. •e ~~..~1 wsv .~n~n ~6~ M/~NOOOM tlu mnnlVS nrovided in and bv the - rKV~ 1(1C~1 NL 1'Y M I J~ tiV A L' t L',A~ u~a~ i• ia~~. ~•sv?~ea~v + . ''ero" promissory note secured hereby. and this mortgage, and shall wtU and truly keep. observe and perform, comply wiih and abide by each and every the stipulations. agrctments, conditions, and covenants ot the mottgage and the said note as and when required by them. then this Deed and the estate created by this mortgage shalt etase and be null and void. othrnvise the same shall remain of binding force and effect. The Mortgagor hereby covenants and agrea with the Mort~agee as failows: 1. MORTGAGOR'S OWNERSHIP. That the Mort~agor is indefeaaibiy seiud lawfutly of thc above described premisa in foe simpfe. and has gaod right to sell and rnnvey them to the Mortgaga; the premisa are free and discharged of and from ap taxa, tau titles or certificata, judgments. mechanic's liens and encumbranca of any natun or kind whatsoever; the Mortgagor fully warrants and wiil defend the premisa to the Mortgaga against the lawful claims and demands of all persons whomsoever and wiU make such funher assurances to perfoct fee simpie title to the land in the Mortgaga as reasonabty may be required; and that the Mortgagor wi!! pay the several sums of money agr~ed in the note to be paid and all installinrnts of principal and interest promptly when due. according to the true tenor and effect of the note. 2. LIEIVS AND CHARGFS. That the Mortgagor will pay all ar~d singular the taxes. assessments. levies and encumbrances of every nature on the above-dacribed property and upon this mortgage and note, or the money secured by them before their delinquency, and promptly deliver the official receipts to the Mortgagee; itthey are not paid promptly when due~ the Mortgagee (withoat obligatio~ to do so) may psy them without waiving or affccting any righe contained in this mortgage or the note and charge the sums so paid to the Mortgagor, and such sums of money shall bear interat from the date of payment at the rate of ten percentum (IO~R) per annum. tt the receipu are not delivered by the Mortgagor to the Mortgaga by the date the taxa. assessments or tevia bocome delinquent, the Mortgagee then may ordtr a tax search of the pubtic records to determine ti~e true status of the taxa. asscssments or levies and charge the cost of the search to the account of the Mortgagor. and that charge shall be secured by [his mortgage. All such advances shall bear interest at the rate of ten percentum (109i) per aanum. 3. FUNDS PAID BY MORTGAGEE. That all sums of money securcd, paid or cauxd to be paid by the Mortgagee under the tern~s of this mortgage and herein specificially provided for. including any exprnsa incurred by the Mortgagee in rnllection of the sums secured bX this mortgage, shall be covered by the Gen of this mortgage the same as tht sums of money representod by the note socured by this mortgage. 1 f the Mortgagee recriva any sums as acrow deposits for taxes, insurance or other items. such sums shall be comingled and advanced by the Mortgaga for the stated purposa. 4. PAYMENT OF PRINCIPAI., INTERFST, E'I'C. That the Mortgagor promises, covtnants and agrea to pay promptly when due the sums of money and interat as mentionod in the promissory note. together with any and all other sums just{y due and owing the Mortgagee by the terms of this mortgage. and secured to be as aforesaid. If default shatl be made irt the pay~ncnt of the sums ot money or any part of such sum as providM in the note or this mortgage and the default shall continue for a period of fifteen (13) days, or should the Mortgagor breach or faii to mmply with any other rnvenant or agreement on the part of the Mortgagor to be compliad with as required in said note or this mortgage (in those casa in which the option of the Mortgagee of acceleration is not otherwise provided expressly in this mongage) and such breach or non-comp[iance continua in euistence for a space of thirty (30) days. then, and from thenceforth. at the option of the Mortgageo and without notir_ to the Mongagor, the whole of the principal sum expressed in the note, together with all other sums provided for in the note and this mongage, shall become due and payable imm~diately without notice to the Mortgagor_ In addition to the above, the Mortgagor shall pay to the Mortgagee a lace charge of four ptrcent (4%i) of any instatiment not received by the Mongagee within 6fteen (IS) days after the instaltment is due. S. INSURANCE. That the Mortgagor will iceep the buildings that now are or hereafter may be erected on the land described insured against all risk by fire and extended coverage in thr sum not less than the full insurable value at the expense of the Mortgagor, in a good and raponsible insuranoe company or compania. Gansed to do business in the State of Florida and acceptable to the Mortgagee. In addition to the above, Mortgagar ackaowledga that Mortgagor is awar~ that the property encumbered by this mortgage may be in an area cia3sified as a "Special Flood Ha=a~dou; Area". If the said property is Iocated in such an area. Mortgagor agrees, at Mortgagor's oxpense. to obtain Flood Insurance eoverage ~rom a~ood ~lfd rtsponsibk itlsurance company or compania acceptable to the Mortgagce in the amount of the loan secured hereby or in fhe inaximuri~ amount provided under the Flood Insurance Program. whichever is kast. Mortgagor further covenants and agrees to purchase such•.Flood Insuru~ce upon notification from.the Mortgagee that the said propeny is or has been in the future ctaaiCed as a"Special Flood Hazardous Area". The insurance shall be for the benefit of the Mortgagee (but~the Mortgagee shall not be liable for the insolvency or irresp~r~ibifity of any such compania) and the poliry or policies and all renewais of them shall be deposited with and held by the Mortgaga. The policy or policies and all renewals. at the option~of the Mortgagee. shall contain a"Loss Payable" or "Standard Mortgagee" clause. making the proceeds of ti?e policies payable to tht Mortgagoe as Mortgagee's interest may appear. Upon any defautt by the Mortgagor, the Mortgagee (but without obligation on Mongagee's part so to do) may place insuranve on any building on the premises, pay the premiums and charge the sums so paid to the Mortgagor. The sums of mon~y so paid shall bear interat from the date of payment at the rate of trn percentum (lOqi) per annum. in the event of a loss by fire or other casualty. the Mortgagor wiU give immediate notice by mail to the Mortgagee. 6. ATTORNBY'S FEFS AND COSl'S. That in case it should become necessary to ptac~ this mongage deed and the note secured by it, or either or them, in the hands of an attorney for co!lection, the Mortgagor covenants and agrees with the Mongagee to pay all cos[s. chazges and exponses of such collections. including reasonable attorneys' fees and cost of abstract of title, whether collected by foreclosure or otherwise. 7. ASSIGNMENT OF REM'S: APPOINTMEIVT OF RECEIVEft. That•. in the event at the beginning of or at any time pending any suit upon this mortgage or to foreclose or reform it or to enforce payment of any claims under it, the Moctgagee shall apply to the coun having jurisdiction for the appointment of a Receiver. such court forthwith sha!! appoint a Receiver of the mortgaged property al! and ~ singalar. including all and singular the income, profits, issues and revenuts from whatever source derived, each and every one of which. it being expressly understood. is mortgaged by Chis instrument as if specifically set forth and described in its granting and habendum clauses, and the Receiver shall have all the broad and etfective functions and powers in anywise entrusted by a court to a Receiver. The appointment shali be made by the Court as an admitted equity and matter of absolute right to the Mortgagtr. without reference to tbe adequacy or ' inadequacy of the value of tbe property mortgagod or to the solvency or insolvency of the Mortgagor or the defendant. All rents, profits, incomes, issua and revenua shall be applied by the R~ceiver according to the lien or equity of the Mortgaga and the practice of the court, and the appointmcnt of the Receiver shall be without notice to any obGgor under this mortgage. 8. TIME OF ESSEIVSE; FORBEARANCL BY MORTGAGEE NO WAIVER. That it is agreed specificapy that time is of the essencc of this contract and that no waiver by the Mortgagee of any performance roquired by this mortgage shall be held at any time thereafter to be a Waiv~r of its trrms or of the obligation securod by it. 9. D~AI.tNG WITH SUCCFSSORS. That in the eve~t the ownership of the property or any part of it bocoma vested in a person other than the Martt~agor, the Mortfa~oe, without notice to the Mortgagor. may dea! with the succasor or successors in interest with reference to this mort~age and the debt secured in the same manner as with the Mongagor and may forbear to sue or may extend time for payment of the debt secured, without discharging or in any way affecting the tiability of the Mortgagor under this mertgage or upon the debt secured. ::ct.~~ ~J! - ~ - - - - _ - ~ ~ . a...~, ~