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HomeMy WebLinkAbout0574 l 1 , 3. 70 lae~ and conttnuou~l kae on 1he bultdi f now or hato~fter ~ifu+ts on sald I~nrl and ori eil e ul ment and nn~~ll covared b thti mar ~ P Y P ^9 9 P Pa Y Y 0~ p~, with +~II pnmlums thereon paid in full, fl~a (nsurance (n Iha ufu~l •~anderd policy form, In a wm •pproved by thp MORTGAGEE, •nd wind~to:m M~w~nc~ In Iha uwa) ttsndard polity form, In ~ ~~~m ~pp:oved by tha MORTGAGEE, In wch compiey or companie~ a~ tha MORTGAGfE may dkstt~ ~nd ~II flr~ ~nd wind~torm Insurance policie~ on sny o} •aid bulid~n9~, sny Inte~e~t therein or part ther~ot, In the ~9gregite wm ~toresa!J o~ M sxco» Ihareof, ~h~ll contatn 1ha utiual ~tandsrd mortqagee cls~ie o+ tuch othe~ ctauts •f tho Mortgegaa rm~y reqvtrt, makinQ tha lo~i under teid ao14~ cie~, aach •nd svery, peyable to aid MORTGAGEE a~ ib interetit mey appea~, an~ each and every such polity ~hail be promptly ass;g~ed and daliv~red to ~ny Mld by t~id MORTGAGEE at furlher security to satd mort9age debl, and, not lesi tha~ ten (10) day~ in edvante of ~he exptrstion of each policy, to de- Uvet to ~sW MORTGAGEE ~ r~newal thereof, to9ether with a receipt for the premlum of ~uth ~tnewal~ and thtto tfiall be no fire or winditorm Insuronte placed on sny of s~id buildin9~, •ny tnlerail thersin or part Ihareof, unless in tM torm •nd wi~h th~ to:~ payabls as a(ores~td~ and in the c~ent any ium of money bi<oma~ payable undrr ~uch policy or policiet •~id MORTGAGEE thalt have the optio~ lo ~ece(va arsd appty the ~eme oo actuunr of Ihe Indebled- t?ess securcd hareby or to pe~mit sald MORTGAGORS to tetaive and u~s it or any parl thereof for othe~ purposet, wi~houl Ih:~eb/ waiving or impair- t~ eny puity, Ilen or ~I9h1 under o~ by vtrtue of thi~ mortgagel end in tha eve~t ~aid MORTGAGORS ~hall tor a~y reason fa{I to keap the aid premfses so tns~red, w f~il td deliver promptly any of said policles of inwronce to ~ai~ SiORTGAGEE, u faf) promptly to pay fully any premivm Iherefot w tn any raspett fafl fo ps~fo~m, discharge, ~xecute, ef(ect, complate, comply with ond abide by Ifii• covenan~, a any part hereof, •aid MORTGAGEE may piace end pay for •ueh Insuronc~ or anr put thereaf vrithoul waivtng or af(ec~Irv~ any optioc~, Iten, rquity, or right u~der w by v(rtue ot ihis Mortgaye, snd tM full amou~t of each snd evtry evch payment thali be tmmrdlately due and payab!' snd ahall baar Infereit from the date thereof ~n~il paid at the ~ate ot j ntne pet cent~m ptr annum and togelher with ~uth interasl ihall ba securcd by ihe (itn of Ihis matgage. ~ I, To parmit, c4mmit or wffer no waile, Impairmen? ~ deterioration of •sid proparty a eny part th~reof. ~ S. To pay all •nd ~In~ular tM co~h, chargas and expen~e~, tncfudiny a reasonable anorney'~ fee and cost~ of ebitrad• of tftle, tncurred or patd a~ ~ ~ny tlme by said MORTGAGEE, because w In the Qvan~ of the failure on the part of the said MORTGAGOR to duly, promptty and fuliy pertwm, d~scharge, ; ~xecvls, •lft~ct, tomplete, comply with snd abide by each and evuy the itipulations, agreements, condilion~, and covensnt• of ~aid promiisory nole and thi~ matgaq~ any a ei~har, and •aid costs, chsrges and expenie~, each and evcry, ihall be tmmedistely due snd payabte; whether or rtof there be notice de~ mond, ~tfempt to coitatt or zutl pendingj a~d the fvil amovnt of each and svery suth payment ~hali baar IMarost ftom Ihe d~le tMreof until paid at the rate of nina per cenlum pe~ annumj a~d ail taid costs, chuya end expenses incurred oa paid, together with such interoii, tihall be secured by ihe lien of this mortpayw , 6. That tn the eve~t of ~ny breuh of tht~ Mortqage or defauk on the parf of the MORTGAGOR, or (b) in fhs ~vent sny of tatd •urru of moaey ~ hateTn af~rr~d to be not promptly and fuliy pald within ihirty (30j dayt nexl after tha •ame teveralty hrcome due and payabla, withoW demsnd or notice, a(~ in the evfM each and every the s?ipulaUons, sg~~ement~, conditlons and covenant• of taid promTiso~y note end th~s mortpay~e any o~ Nther are not i~rly, promp~ty ~nd fuliy performed, di:cha~yed, ezecuted, eflected, completed, compli=d with and abided by, then in either or ~ny such even~ the said ag pre9ate ium mentioned In •aid pramisaory nole then rematniny unpaid, with interest acuued, and all moneys sacuted hereby, thall betoma due and pay~ - able forlhwitfi, or IF»reatter, at tho option ot iaid MORTGAGEE, a• fulfy and comptetety es if aU of the ~ald avmt of mon~y wera ariyinsily s~ipulated ~ ~o ba paid on auch day, anythiny tn sa;d p?omisaory note w in thii Morlyage to the contrary rtotwithstanding~ and Ihereupon ot thereafter at the option of ~aid MORTGAGEE, without notica or demand,_suit at law ot in equity, theretore or thereatter begon, may be prostc~ted ea if a!I moneyt ucured hereby ~ had rt?aturad prior ro iti tns~itu~ion. 7. That tn tM event thet ~f the baginnioy of o~ at any tim~ pendinp sny iuit upoo thit Mortpage, or to fweclow It, or to te/arm It, ot to enfort~ ' paymenl of any claim~ hereunder, ~eid MORTGAGEE ihall apply to the Cavr1 haviny (uri~diction thereoF fa the appointment of • Receiver, s~ch Co~rl shall fathwith appoinl a receiver df iaW mortgaged property all snd ~ingutar. (nclvding all ~nd •in9ular 1hs incoma, profits, i~:ve~ and revenuee irvm whata.:• wurca derived, each antJ every of which, it beinp expressly understood, is hereby mortgaged ai if tpecilically t~l forth snd datcribed in the yrantin9 and habendum clavies hareof, ~nd such Receiver thail have all Ihe broed and ef(eclive funclions a~c! powert in anyvvise enirusted by a Courl to a Receiver, and wch ~ppotnimtnt ~halt be mada by auth Court ai an admitted eqvity artd s matter of absolvte right to ssid MORTGAGEE, ~nd without te(erente to the ' adequaq or inadequacy of the value of Ihe property matpaged or to the tolve~cy or insolvency of ~ald MORTGAGOR or the dafendants, and that •vch ~enti, ptofit~, lncome, itive• and ~evenuea thall be applied by iuch Racetver according to tM tien er eq~tty of sa(d MqRTGAGEE and the prectite of svch Caurt. 8. To dvly, promptly and lully paform, discharge, execute, eitecl, complete, comply with ~nd abide by e~ch •nd svery the stlpulatior+s, aflreements, conditbnt and tovanami in tsid promitwry note ~~d this mortgsge iet forth. , 9. That In the evant Ihe uwnerihtp of the mort~syed premiits, o~ any part thereof, becomes vasted In • p~rwn other than the MORTGAGOR, the MORTGAGEE, ib ~uccetsor~ and astigns, may, without notice to the MORTGAOR, dral wiih such ~ucteua o? tuccefwr in Intereq with referente to thN mo~tp?~e and the debt hereby sec~red in the •smt manner a~ with Mortgagw wilhout In any w~y vltiaiin9 or ditcharytn~ tha Mortflsgora' Il~bility hera under a upo~ tM de6t hereby ietured. No tale of the premitas hereby mortgafled and no (orbearance on the part of ths M02iGAGff or ltt •ucce~iors or t:stgni and no oxtension of the time for 1hs paymen? of the debt hereby secured 9i~en by tM MORTGAGEE or itt tucceiia~ or assiyns, shall operat~ ro release, discharfle, modify change or affect tfi4 original liability of the MORTGAGpR Mr~in, either i~ who~e o~ In part. 10. It ls specifically agreed thai tlma ii of the essence of this conlrad and that no vyaiver of •ny obli~~tton heraunder or of tF» obli9ation ts~ curad hereby ahaii at •ny time thereaft~r be held to be a waiver of the tsrm~ hereof or of the Inst~umon! securtd berby. 11. In addltion to the forego:ng monthly paymertfs of prlnc'pal and Jntere~t required by 1M premitsory nole secured hereby, mortgagor cove~antt • and a9reei to pay to mortgagee with ench monthly payment an addiiional sum estimated by mortgagee to be equal to 1/12 of the annval cost of the follow- ing: , A-All real properry taxes levied or asiessed againtt the above desuibed real estate. B-Premium: on fire and wFndstorm insur~nce as horein requ~red !o be carried oo the tmprovements situate an the above dcsuibed p?emlus. C-Premiums an svch mwtga9e gu~ranty insurance a• mongagee shall fram time to time drem fit to csrry on the losn tecured heraby. . Martgsgee ihall from time to time notify mortgagor in writing of the amount due and pay~ble henu~er snd ~uch sum shall thereupon be dw ~nd pay~ble on the due date of the naxf monthly payment and each successive month thereatter until morlgaget thal! nolify mortgagor of e thanps In tuch ~ omount. Such sumt shall be sppfied by mortgagee toward the payment of real praperty taxe~, tn~urance premiums, ancl mortgafle"guaranty inwrsnt~ premlums. IN WITNESS WHEREOF, the said MORTGAGOR ha~ hereunto set his hand and :eal tha day and yesr flril afartsald, R Sb nad, eal~d and e Ivered he e nce of, •h _ +q j - re"9 ~ ~Sea4 . ~ STATE OF FtORIDA : ~ ~ - : COUNTY Of r~f'.r-~s~v^ . ~ ~ . Mfor~ rtw p~~sonilly ~pptarod .~x.9IIlgg- _T _ Mi i i A r+ .T1~ i A M 1 1 ar hts wff~, to r~e w~il known and known to m~ ro b~ ~ tM Mdividwls desaibed M and wtw exec~ed the for~pWnp lnttrum~nt, ~nd ~ckr?owlsd~~d b~fon m~ that tMy ~x~c+~ted ttw tarcw fo~ tM purpats ther~in ~xprossed. Md th~ saEd_ T~til i s~ M~1.1.83` ~ wlfs of tM MS~ ~:HL]~TdA m Mill~r •x~minaYwn b me t~ken ~e a + , upon a ~eparata ~nd prlvNs y p~rst~ and apart from her said husband, adcnowledg~d to ~nd b~for~ m~ thaf ~Fe~ ~xatvt~d said Irutrurn~nt fre~ly ~nd volvo- tsrily ~nd without any compul~Jon, constrainr, ~pprelxruion, fsar of or from F~er sald sb~nd. WITN~55 my hand snd officie! swl thi day of A. D. 19~ ~ • Nofary Publlc in snd fa tha S~~te of fiortda at tuye My Commtuion e~cpl~ - R.rwn Ta °~iotary Public, State of Fbri4a at Large !~t Fscf~ral Savtnps i Loan I?•soclatton ,~3~~~~ My ComrrHS~6on.Expires Nov. 3, 1965 Bonded by Att~ariGan:fS~?~4ty, Co. of N. 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