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HomeMy WebLinkAbout0928 3. To pl~a and conttnuousiy keap o~ the bullding~ now or he~e~ft~~ ~Uwt~ an ~~ld I~nd anc! on ~11 equlpment •nd pononsily cav~rcd by 1h1~ morty sp~, vrUh a!1 premtums the~~on patd i~ full, tlre i~~surance in the uw~1 ~tandard poUcy form, in ~ wm approved by 1he MORTGAGEE, ~nd windttorm : inswanta in ihe usual ~t~ndard po1Ky fam, In a~um sppro~ed by tM MORTGAGfE, (n euch campeny or to:npantas ai tha MQRTGAGfE may ; duttt~ sncl a!1 tlrt and wlndstorm inwrence policie• on any of seld build~ngs, any ~ntere?1 Ihero(n or part Ihereof, In Ihe aggregate wm a(orotaW ar ~ In ~xcas~ thereof, ehall cnnt~in 1hs usval •t+oda~d mwigagee clause or ~uch o~her cl~uio as Ihe Mwlgagte m~y reqvire, maAing Ihe tois under taid poti- tk~, each and ev~ry, peyable to s~id MORTGAGEf a~ it~ inf~~e~t may sppear, and rach and evay iuch polity ~hall be promptly ass:gned snd delivared to ~ ~ny held by ~aid MORTGAC:`~: •t fwther secu~iry to ~eld mortgage debt, and, not Ies~ than ten (10) dayt In advancs oi the oxpiration o) e+ch policy, 1o dr ; livrr to aaid MORTGAGfE e rtnew~l thareof, togethet with a receipt (o? 1he pramium of wch ronewai~ and ~here ~hall bs no fire or windstorm inwrance pi~ced an •ny of i~id bulldingt, any tMe~eu therain or put Ihereof, unleis in the torm and wiih the los~ payable as atorosaidj and in the evant any wm i of m~ey Ix~comts payable ~ndrr wch poUty a policies taid MORTGAGEE shatl have ~ha option to rcceive a~d appty the same on acco~nl o( the tndebted• ness •ecured hereby w to parmit said MORTGAGORS to receive and uso it or eny part the~eat for other purpose:, without ~h:~eb~ walvl~~g or impair- !nQ any eq~ity, lien or rEght ~nder or by vlrtue of this mortgage; and i~ the event ~aid MORTGRGORS shall for any raason fail to kesp the said premises so ~ Insu~ed, or fall to dativar promptly any of wld policie• of Insuronce to •eid MORTGAGEE, or fail promptly to pay fulfy any premium Iherefor or in any retpccl fait to perform, discharge, execute, eftect, completa, comply wlih and abide by this covenant, or any pa~t hereof, sald MORTGAGEE may place and ~ psy fw suth Infurance or any parl Ihercof without walving o~ aifecting any option, lien, equity, or righl under or by virtue o( this Mortgage, and ths ' 1u11 amount of each and evary such payment ~hnll be immedietely dua and payabla and ~hall bear interest from the date thertof until paid at tha rate ol nin~ per centum psr annum and togelher wilh iuch Inter$s~ shall be secured 6y Ihe tien of this mortgage. . Ta permit, commit w suffe~ no waste, Impai~mant or deterioral3on of aaid praperly or any part thereof. ~ 5. To pay all and singular the costs, charget a~d exgensei, inctuding a reasonable attorney': fae and costs of abstracts of Ntle, tncurred o~ paid at +ny time by taid MORTGAGEE, because or in Ihe event of the failure on the part of the taid h10RTGAGOR to duty, promptly and fuNy per(arm, discharge, - execute, e(lecf, tomplete, <omply with and abida by oach end every the ttipulalions, agreemems, tonditiont, and covenent• of •eid promissory note and this i mortgn9e any o~ either, and •aid coits, charges end axpenses, each and eve~y, ~ha11 be (mmediately due and payable; whether or nal there be notice d~ i mand, attempl iu collect or svit pendingj and Ihe fu~l amouni of each and nvery such paymant ~hall bear intere~t from tho deta thereof unlA psld •1 !be ~ ~ r,~fe of nlne per tentum per an~wm; and all said cosli, charges and expenses irxurred or paid, togelher with such inlsrest, ihall bo sec~ted by the lien of thi~ ; mortpa9s. ~ , b. That tn the evant of any breach of thii Mortgage or default on the pa?t of the MORTGAGOR, or (b) tn the event any of isid ~umt of money i harein rsferrad to be no~ promptly and fully paid within thirty (30) dayA next afte~ the same teverolly betome due and payable, wilhovt demaod or notice, J . or (c) tn the event each and every Ihe itipulalions, agreements, conditions a~d covenantt of taid promiisory note and th~i mortgage any or eithe~ are nol ~ ~ i~ly, promp~ly aod tully perfwmed, d~scharged, executed, effected, completed, complied with and ebided by, then in aither or any such evanl !he ~sid ag• ~ gregnt~ •um mentioned in tald promissory oote then remaining unpaid, with interas~ accrued, end all money: srcured hereby, thall betome due end pay able fcriliwllh, ot thereafter, at the optia~ of said MORTGAGEE, as fully and completely es if all of Ihe ~aid :~mf of money were originally •lipulated ~ to be paid on ~vth day, any4hlrsg i~ taid promiisory note or in this Mo~tgaga to the conlrs~y nelwi~hstanding; ancl thereupon or fhereafter st the option of ~~id MORTGAGEE, without notice or demand, tuit a1 taw w in equity, therefore or thereafler begun, may be prosecuted aa if all moneyt set~red hereby ; had matured prior to its institutian. t 7. That tn ihe event that at the tnnF of or at an fime ~9 ~g y pending any •uit upon this Mortgage, or to forectose It, or to reform t~, or :o enforce i payment ol any clatms bereunder, said MORTGAGEE shall appty to 1he Cou~1 having jurisdiction thereol {or tha appointmenl of a Receiver, tuch Court shall Fathwlth sppoini a ~eceiver of •~td mwtgaged property all end singvlar, includ~ng all and ~ingular the tncome, pro(iti, tsiues and reve~vet f~or wfiatavrr ; tovrce detived, each and every of which, i1 beinfl exprestly vnder~~ood, ia hereby mo?Igaged a~ if Jpecilicslly iet forth and deuribad In the 9ranting and habtndum clauiea hereof, end such Recelver shall have all the broad and effarive functions and power• in anywlse entrutted by • Court to a Recelver, and ~ •uch appotntment thsll be msde by s~ch Court as an admined equity and a maller of absolute right to :eid MORTGAGEE, end wiihout rafe~ence to the adeqvacy or Inadequacy of the value of the p?operty mortgaged or to Ihe soNency o~ insolvency of •aid MORTGAGOR w the defendant~, and Ihat tuch rents, profitt, income, issue~ and revenues shall be applied by such Recelver according te the lien ot equity of said MORTGAGEE and Ihe practice of s~ch Court. ~ 8. To duty, promp~ty and fulty parform, discharge, execute, eftect, complete, comply wi?h and ablde by sach and every the stipulation~, agreemenlr, conditions and covenants in •aid promitsory note and thi• mortgage set forth. ; 9. Tha1 tn the event the ownership of tfia mo?tgayed premiies, or any part thereof, becomes vested In a perwn other thsn the MORTGAGOR, the ; MORTGAG:E, Tts successors and e:signs, may, wi~hout notice to the MORTGAOR, deal with such iuccesso~ or successor in interect with raferente to this + matgaq~ ar.d the debl hereby secured in Ihe iame mannet ss with Mortgagor without ln any way vitiatin9 or d~scharging the Mortgagort' Ilabllity hsra ~ under ot upor? tha debt hereby ~ecured. No wle of the premiset hereby mortga8ed •~d no forbearante on 1Fw pan of tho MORTGAGEE or ttt succassort ar assigns a~d no extension of the tima for titie peyment of the debt hereby secured given by !he MORiGAGFE or its svccessors or assigns, shaU operatp lo release, discharQe, modify ch~n~e or affect ths original liability of the MORTGAGOR turein, either In whole o~ tn part. ? 10. It Is apecifically egreed that time ia of the asence of thii conlract and th+t no wa(ver of •ny obligation hereunder or of tho obllgition ~e- ~ ~ tured hereby thall et eny time thereafter be held to be a waiver o( the termi hereof or of fhe tnttrument secured herby. ~ 11. In add~tion to the for o,n monthl a menis of ~ t9 9 Y P y princ'pal and interest required by the promi:sory ~ora secvred hereby, morfQagor covanartts ? •nd agrets to pay to mortgagee with each monthly payment a~ addi~ionai sum estimeted by morlgagee to be eqval to 1/12 of the annual cost of the follow- ; + A-All real property tazes levied or ss~essed against tha above described reat estate. j e-Premiums on firo and windstwm insura~ce as herein requ~red to be cerried on the improvement~ ~ituala on the above dtsuibed premises. ; C-Preminmt on euch mwtgage gvaranly iniurante aa morlgagee :hs1) from time lo time deam fit to carry oo the loan secured hereby, ~ Mortgegee shall from lime to time notify mortgagor in writing of the amount d~e and pay~ble heraunder and ~uch tum ihall thereupan be dus ~nd ~ pay+ble an tha due date of the next monlhly payment and each succetsive month thereafter until nortgagee thali notify mortgagor of a change In such ~ ~mount. S~th sum: sha!! be applied by mortgagea toward tho payment of renl property taxe~, insurance premium~, and mwtgage gunraniy intursnce ~ promiumt. z ~N WITNE55 WiiEREOF, the saEd MORiGAGOR hat herevnto iet hit hand end aeal the day a year ~t aforesai . ~ ~ Siyr?ed. Se led and live ed In fhe presence of: f ~ ~ i / ~ . . f ' ~n ~ ~Seal) • ; R - ~Seal) ' i STATE OF fIORIDA ~ ' t courm oF St . Lue ie ~ Beiora nu psnanally appesred ..~TA~'ln D~ F.l 1 i p . - •nd ('rarri g Fj. ~i'1 1~_ hia wlfs, ta rta w~lt known ind known to en~ to be ~ tM Individuals desaibed (n and who execut~d the forayoiny instrvmant, ~nd acknowlodped before me that ther txecuted ttie ume for the purposea . "7 fMrotn •xprassed. Md tM eaid- ~'s1Te2'~{ A~I 1 ~ i 4 E wif~ of tM wld J n D l 7~i ,a y~ ~~rafe snd ptiv~t~ ezamtnstwn by ~ne t~kEn separate ~nd apart from her :aid hviba~d, acknowledg~d to snd befon ms that sM executed aid In:trurtunt freely and voluo- ~ t~rily snd withcut any compulilon, constraint, apprehsn~ion, ot fear of or from Fur ~aid husband. f ' WITNESS my hand ~nd official teal thii~~i?-~- day of . A. D. 19_~. 1 ~ i ~ , .~3~Q5~ Nofary Publt n and ~or tM S~at~ of FbrJda at I.srpa t My Ca~nmi~ on a~cplres: R~twn To: • ~ F~.t F.d.f.~ i~ loan Asiociafion ~CED AND RECORQED ~ ry ~ } ~~Q~~ fR~j~~Pierce. NOfa PubttC, State of Florida s~t ~ My Commisston Expires Aug. 6, 1957. ~~t~1efL~+~~; IN ~~'~c~a! Rprnrd BOOK Bonded By Amerjcan ~urety, ~o, ~ n. Y + Q''. ~ . . , ' ~ :Ao~:••'~Q~.q~'':F4~'~ 1964NOV 27 PM 3: ~~~~;t;cUj;' - . . • , ~ ; ~ ~•a? .7~ R06ER POITRAS, C~`~K:~~~~ t ~ ' ~ . ; 9 : • ST. 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