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HomeMy WebLinkAbout0572 . ` 3. To pf~te and cant~nuoutly fceep an the bulidtnq~ rtow or heroyh~r tlrwta on ~atd land ~nd on all aqulpment end pertonelly covered by ?fit~ rro~tp. i wtth al) prtmlums Ihereon p~fd In tull, fire Inwrsnce in the uwsl Nenda~d policy torm, in s wm eppro•rsd by ihe MORTGAGEE, end wind~~orm i kuuraaa In tF?o uiu~l itancletd policy fam, In ~ sum approved by the MORTGAGEE, in ~uch comp~ny or compantes ai thu MORYGAGEE mey : dirK+l ~~ci al1 (ir~ snd w~ndilo~m insurence politis~ on any of aaid 6uildinQs, any Intere~t theret~ or p~rt Ihereof, In IM aggr~q~to wm a(ortsatd or M~xa~ therooi, ~hall cont~in Ihs uiual •i~ndard mortgapee clau~e or ~uch olhet tiause af fhe Motl9agee may roquirs. maktn9 ihe t4s~ under ~eid poH. ck~. ~~ch and ~wry, payabls to s~td MORTGAGfE as irs inrere~t may appaar, and each and every wch policy ~fiall be promptly a~t:qnad •nd delivered ~o any MW by ~std MORTGAGEE s~ furlhot ~ecurity to s~id moripage debt, and, not (ess ihan ten (10) days tn adv~nce of the expirat~on of each policy, to d~- livtr to ~aid MORTGAGEE a renewal thereof, together with a receipt for the prem(um ef ~uch renawai~ and Ihero :hall be no fire or ~vind~torm insvlance ' " plu~d on •ny of t~id buildi~g~, any intere~t the:ein or part 1Aerrof, ~ntosa in ihe form oncl with the loss psyabls as aforetatd~ and In the event any ivm , of mo~ey batoma~ payable undcr such policy or polities faid MORTGAGEE tfiail have the option to recaivs and apply the tame on atcovn! of ihe tndebted- ntu a~rcured hereby w 1o permlt faid MORTGAGORS to tece(ve and u1s If ot any part thereof iqr olher purposes, wilbouf ihereb~ waiving or impair- Irg any rqulty, lten or riyht under or by virlue of thia mortgaget and tn Iha event sald MORTGAGORS shall for any reaion fail to keep the taid premisei ~o . Infure~, ar f~ll to deliver promptly rny of taid polittet of tniurance to setd MORTt'iAGEE, ar fail promptiy io psy fully eny premium Iherefor o~ tn any ~apect f~ii to ptrtorm, diicharge, exac~te, atfect, <ompleta, comply w(tA and abido by thi~ covenant, or any part hereof, iaid MORTGAGEE may place and i psy far tuch insuunc~ or •ny part ihereof without waiviny or a((ecting any option, I)en, equity, or right under or by virtua of IhI~ Mortgaga, and Ihe ~ full +mounl of e~ch ~~d every tuch peymen! ~hall bo immediately dva and payable and ~haN baar tnterett from tha data ihtreof untll peid n! the ~ate oi ~ nine per cen~vm per annum and togelher with suth interasl ~hall be secured by tha Iten of this mortgage. J. Ta pamlt, commlf or svifer no waste, impalrment or deteriorotion of iaid proputy or any pari thereof. 5. To s all and sl F p y n9ulu the cosif, charget and expense:, includina a reasonable at~orney's fee and co~t~ of ab~tracts of titlo, Incvrred or paid al any tlme by •aid MORTGAGEE, becavse or in the eveM of tha failure on ihe part of the said MORTGAGOR to duly, prompfly end fvlly pertorm, distharqe, f executs, effecl, complets. canply with anrl ~bide by each and eve?y !ha ~tipulatio~s, agreementi, conditions, a~d cov~nants of •etd promisso~y note and ~his ~ mortgay~ any ot ei~het, and taid coits, charge~ and expania~, each and every, ~hall be immediately due and payablaj whether or not thsre be notice do- ~ msnd, attempt to coltect or tuit pendi~~ and the full amount of each and every ~uch payment shall bear IntaraYt from !ha date thareo! until pald al the ' , r~;of neine pe~ tentum pet ennum; and all said cost~, charges and expensei intvrred or patd, together with wth Interest, 3ha11 be •ecuted by the lien of thi~ ~ 9~9 6. That In tM evenl of any breach of thit Nbrtgage or default on Ihe part of the MORTGAGOR, or (b} tn the event ~ny of •etd tvm: of money ` he?et~ raferrad to b~ no1 promptly and tully paid withln thiriy (30) deys next sftor the •ame •eveially become due ~nd payable, wttho~t demand or notice, or (c) ln the ev~nt eath and every tha •tipulations, agreementt, conditioni and covenanti of taid p~omiisory note and this mortgage eny or eilher aro nol ivly, ptompNy and fully performed, diicharyed, exetuted, affecttd, compteted, complied with a~d abided by, then (n aithar w any iuch evant ths ~sid ag~ preyat~ ium mentionsd tn ssfd promissory nots then rematni~ unpaid, with lnterest accrued, and all moneya ~ecvred hereby, ~hell become dus and pay~ able forthwilh, ot thereafter, at the option of said !!~IORTGAGEE, as fufly and completely aa li all of ths said tum~ of money wcre o~igineily siiputated ro b~ paid on such day, a~ythiny in ssid promi~sory note or In this Mwtga9e to the contiary noiwithsfsndirtp~ and ihareupon or thereafter at the option of uld MORTGAGEE, without notic~ or damarxl, tuit at law or tn squity, lherefore or thereatter be9vn, m~y be proiec~ted as if all money~ setvred hereby had mttwed priot to ita Inslitution. 7. TMt In tM event thst st the beytnnlt~ of or at any time pendlnq any ~uit upon thit Mortgaye, or to foreclo~s It, or to refam tt, o~ to enforc~ paymtnt of any clslms hereunder, taid MORTGAGEE ah~ll apply So the Court having jurisdict(on thereof (or the appoinlmenl of a Receiver, such Court shall forthwlth appoinl a receiver of taid mottgsged property all end iingular, I~xl~diny all and singutar the tr,coms, profits, (:sues and reve~uei from whatevtr wua~ derived, e~ch and every of which, it bting expressly undar~tood, i~ hereby mwtgaged as if apedfiuUy set fonh and detcribed In the grentinp and habend~vn clauses hereof, and ~uch Receiver ihall have sll Ihe broad and effettive functions end powen in anywite entruitad by a Court to a Recetver, and ' wch ~ppotNmenl shall be mads by such Court as an admitted equily and s matter af absot~ta riflht to said MORiGAGEE ~~d without reference to tha " ~ sdeqvecy or tnadequacy of the value of !he praperiy mertgayed or io the toNency or insot~e~cy of •aid MORiGAGOR or the deFen~ants, and that wch ren~~, profiri, incoma, issuei and tavenu~i ihall be applied by tuch Rcceiver accordiny to the lien or equity of taid MORTGAGEE and the practica of tuc}~ Covtt. 8. To duly, promptly and fully p~rform, discharge, execute, effecl, complete, comply wlth anrl abids by each end every tbs ttipulalions, agreement~, , conditioos and covenanti in said promi~iory note a+?d this mort9ags set forth. 9. Thal in 1M tvent tfie ownershlp of ths mortgagad premise~, or any part thereaf, becomat vated In ~ perwn oiMr 1Mn the MORTGAGOR, tM ~ MORTGAGEE~ Iti successa~ snd asstgns, may, without notice to the 14tORTGAOR, deal with ~uch succassar or successw in intere~t with rafar~nte to thls maiflape and t!» dobt hereby tctursd In the same rtunner ~t with Mortgagor without In any wsy vitiuinq a diuharying the Mortgigors' Itabllity he~a u~dsr or ~pcm tM debt hereby secured. No sale of the premtieY hereby mortga9ed ind no forbaarance on Ifie p+rt of Ihe !1~10RTGAGEE or In ~uccesiws or ~tii9ns snd no extsnsion of the ~ime for ?he payment af the debf hereby :ecvred yivan by IM MORTGAGEE or Its successai or ~ssiyns, sh~ll opsrat• ta releue, diuMrpe, modify change or aftrct the original liability of the MORTGAGOR herein, oliher In whole a In part. 10. It (s ~pecificalty agreed that Yune (s of the e~senco of this contraci and that no w~iv~r of any obliqation herevnder or of tht obllyation sa ; tursd Mreby ~h~ll at any Ume tF?ereafter be held to be a waiver of the term: hereot a of tha (rutrument sacured huby. 11. In add~fion to the forogo:rtg monthly paymenfa of prlnc'pal and tnterest rtqvired by the prortsissory no?s ~eturec! hereby, mortgsgor covenants ~nd agree• tq pay to mortgagee with each monthly payment an addiiional sum estimsted by mortgagee to ba equal to 1/12 of the annual cost of Ihe follow- 1~~ ' • _ A-All ~e+l p~operty taxes levied or as~essed against the above described real estate. ~ i B-Premiums on fire snd winslitorm insuranca as harcin req~~red to be carried o~ the tmprovaman» attust~ ort tha above deiutbed p~emisa~, . C--Pnmiums on such mo~tgago gvaranty Iniwence as mortgagee thall from time to Uma deem fit to c~rry on tM loan setured hereby. M}.~.;'~ ~"MOrtgagee thall irom time to tinx notify martgagor in writiny of'tM amounl due and psyabt~ he~~und~r ind tuch aum ~hall thereupon bs dw and . • p~yabla an the due date of the next moMhly payment ~nd ench succestlve month theresfter unlil morigagee shatt nolify mortgaQor of a chanye 1~ tuch smou~r. Such sumt thall be applicd by mortgagee toward the payment of real property taxtt, ir?~ur~nce " prsm~umt, and mort~aps yuaranty insur~nta • pre+niums. 1 , ~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto iet hii hand and seat the da yest f(r ~ ctatd ' ~ / ned, So~! sod det red tn the prestnce ofi - . ~ ~x _ , ,n . S - ~ ~ j ~ , , t~,n ~ STATE OF PLORIDA ~ , ~ CouMY AF. ~t= ~ T.t~ni w ~ . e.for• m~ ~.rwna~ty a~s+red FrAnk1 3n A. Herria snd Valerie V~ I~~rri r~ ~ ife ,~,d C l l i R ~i lrA 4 a~i ow tfw {ndivtdwb deKrib~d tn u?d who ~x~cut~d th~~'for trutrwn~nt ~nd ackrqw to m~ wall known snd known to m~ to M ~q . I~dped b~faa me that th~y ~x~cvted €FN a+ms for th~ purpo~s ' flkr•tn •xpn.wd, ,~nd tb. a~ V~1 e lr+i e V H arri s wiid of th~ aid ~'rgn,~rl i n A~ Harri 4 upon ~ arpsrat~ and prtvat~ ~ exuninatwn by m~ t~ken separ~te ~nd apart fr«n h~r aId huaband, sdcnovvledqed w and btfor~ m~ that ehe ~xautad saW trr~trument freely ~nd voluo- farity ~nc! without sny compuliion, constraint, ~ppreher»ion, or~ feu of or from Mr s+id Iwsband - WITNE55 my hand ~nd offklil wal thi~_t~ d~y oi- NDVet!]bar A. D. ~4~],~.. ~ ~ ,~°~~8 t~ry Publ !n s~d for tht Stat~ of Florlda ~t larQt ~ ''R~i;n'To~ MY Comm+is ~xpir~ss .-~r ~ _ -~i?`~~G1~! f~ toant I?asoctat~on Notary Public, State oi Flortda at L'arge ` ~~r My Commission Expires Aug. 6, 1967 ~`~~~~0~ V 'i . x~`~~~~~'~~~o~~~~° FILEO At~lD RECORO~~ Bondsd By /Cmerican SurQry. Co. ~t P~ Ytti~ti~~~Hls~t.l, , . 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