HomeMy WebLinkAbout1443 __.al. .
To keep the building now or hereafter on said land insured in a sum not
less than full insurable value
Dollars. in a company or companies to
be approved by said .J~ortgagee, and fhe policy or policies held by and payable to said
Jlfortgagee, and ire the event any sum of moreRy becomes payable under such policy or
policies, the .Mortga ee Shall have the optwn to neeeive and apply the same on account
of the indebtedness ~rcby secured or to permit the Jlfortgagor to receive and use it, or
any part thereof, for other ~tyrposes, without thereby waiving or impairing an equity
lien or right under or by virtue of this mortgage, and may place and pa ~or such
inauncreae or any part thereof, without waivraeg or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rate of ten per cent. per annum..
6. To permit, commit or su~`'er no waste, impairment or deterioration of said
property or any part thereoj.
6. To perform, compllj with and abide by each and suety the stipulations,
agreements, conditions and covenants in said promissory note and sn this deed set
forth.
7 If any of Said gums of money herein referred to be not promptly and fully paid
within fifteen dRys ieext after the same severally become dire and p able,
or if earth and every the stipulactions, agreements, conditions and covenants said
promissory note and this deed or either, are not duly performed, complied with and
abided by, the Said aggregate sum mentioned in said promissory note taeen remaining
unpaid shall become due and payable forthwith or thereafter at the option of the
.Mortgagee as fully and completely as if the said aggregate sum of ~ aa~d
rr~%100 ($7,000.00)---- dollars was originally stipulated to be paid on
such day, anything in said promissory note or herein to the contrary notwithstanding.
8. The Jlfortgagee may, at any time while a suit is pending to foreclose or to reform
this mortgage or to enforce any claims arising hereunder, apply to lire court having
jurisdiction thereof for the appointment of a receiver, and sr~ch court shall forthwith
appoint a receiver of the premises and all other property covered hereby, including all
and singular the income, profits, rents, issues and revenues from whatever source de-
rived, and such receiver shall have alt the broad and effective functions and powers in
anywise entrusted by a court tv a receiverandsuch appointment shalt be made by srcch
court as an admitted egtcity and a matter of absolute rid'/tt t~~ said Jlfortgagee, and
without reference to the adequacy or inadequacy of the valrce of the property »aort-
gaged or to the solvency or insolvency of said .Mortgagor or the defendants, aced suclr.
income, profits, rents, issues and revenues shall be upplier! by such receiver according
to the lien of this mortgage and the practice of such court.
i
j .~It ttttP~ll I~err~f, The said .Mortggagor hereunto sets his hand and
I peal the day and dear first above written.
Signed, Sealed and Delivered in Presence of: ~ ' `F-' .
_ ~
ELITA f~: BA~ ~ : - .
t •
'~J' -
~f~#p of ~lori~~c ~
t fQau~ of
~ I, an officer authorized to take acknowledgmentsn deeds according to the
laws of the State of Florida, duly qualified and acting, HEREBY CERTIFY that
NICANOR S. BAGUIO and ANGELITA B. BAGUIO, husband and wife
4
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~ to me personally known, this day acknowled ed before me that the
executed the foregoing mortgage, and I F~THER CERTIFY that IYknow the said
persons making said acknowledgment to be th-e individuals described in and
who executed the said mortgage.
~n ~itarss t~arrraf, I hereunto set my hand and o~ciol seal at
~ ~0~.1,~e~~•`.~~I•said County and State, this
day of Q,,,,~ ~ ~ ~p , .~1. D. 19 79
Xotary Public
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