HomeMy WebLinkAbout1327 ~ ` ~ ' .
9. To plsa and cortttn~.~ovsly kmrp on iho buiidings now or here~ftar ~itu~te on tetd I~nd ~»rl an ~II equipmrnt snd ptnon~lly cowr~d by thb tnortg~
p~, wlth ail (xemium~ ~har~on p~td in full, fin tnsurance in the usu~l standard pollq form, in a ~um ~pproved by Ihe MnRTGAGEE~ ~nd wind~to~m
t 4uu~snct in tM utivil ~tanda~d poliq to~m, in ~ se,m epprovcd by the MORT~iAGEE, in •uch compa~y or tompanies a~ Ih~ MORTGAGEE m~y
; din~cl~ at?d •II flr• snd wind~larm inwranc,a policie~ on ~ny oE satd bulldinqs, sny Intare~l thereln or part thereoi. In ih~ ~ggreg~ta sum e(oreiaid or .
{n ~xtsi~ IMreof, sMll eonialn the usu~l Nandetd mwtgagee clause or ~uch oiher cl~u~s tho Mat9agoe may reqvire, makiny tM {oea under teid poi{.
cke, •~ch ~nd ~v~~y, payab~e lo t~fd MORTGAGEE ai its Intereit may appear, a~d eech aod evary wch poltcy ihsll be promptly as~:qned ~nd delEvared to
any Mid by tald AM1dRTGAGEE as tur~her ucurity to said matgage debt, and, not lesi than tan (10) dayi In advanc~ of tho expirotion of each policy, to dr
~ Itvw to aW MORTGA(3EE a nrtawil theroof, topelher with a recaipt for tha premium of •uch ro~ewal~ and Iher~ ~hall b~ no fire or windtilorm insur~~ce
plaad on +ny of uW bulld;np~, any tnta~est therein cu part thereof, unless In tha form and with Ihe loss p~y~bl~ s• aforec~id~ snd in the event any ~vm
• ~f inenay batorne~ payabt~ under such poliq or polides ~aid MORTGAGEE shall have the option to recelvo ~nd apply the ~ame an •ccovnt of Ihe indabted•
n~~s ~etv~ed hereby o~ 1o germit ~aid MORYGAGORS to ~eceive and u~e it or any part thtreof for other purposet, wilhout thareb~ watving or impair•
, tnp ~ny puify, lien or right undar a by virtue of thtt mortgage; end in ihe event said MORTGAGORS thall for any ~eaton feil to keep the said premtsei ~o
' fnsurcd, a fali ro deliver prompfly •ny of said policles of Insuronre to sald MORTGAGEE, or tnll promptly fo piy fuliy any premivm Iherefor or in any
i s ntpett f~fl to porform, dischsrge, exxute, effect, complete, compiy wlth and abide by this toven~nl, or any part hereof, taid MORTGAGEE may place antl
~ p~y tor such Insvr~MS or soy put therrot withovt viraivin~ or aftecttnp a~y oplior~, U~n, eqvity, ot righl under w by virtua of thi~ Mwtgafla, and Iht
full amount o( each a~d. every ~uch payment shail be immediately due and prysble and ~hall besr i~tereit from tM dste tharoof until paid at the rate of
• j nine p~r tantum psr an~um and togelher with iuch tnieres9 ~hall be sxurcd by tha Uen of thii matqags.
~ Ta permit, tonunh w wf(rr no wsite, tmpalrment a dEterloraNon of ~aid property or ~ny psrt ihareof.
~ S. To pay al) e~d singu~ar 1M cat~, charyet snd expenies, tncludir?p a reaso~abte attorney'~ fee and costs oF ~bstrads of Ntlo, Incurred or patd at
i any ttme by uid MORTGAGEE, b~cavie or In tha ~veM of the failure on the part of the taid MORTGAGOR to dvly, promplly ~~d fvlly pertorm, di~charga,
•xecute, eNtct, complete, compiy w(th aod abide by tath and every the Nipulation~, agreemenb, cc+ndition~, snd covensnt~ oi ~aid promi~sory note ar.d thli
m.xtyag~ any or eiiher, and uid ~osn, chs?qes and ~xpensei, each and every, ~hali be immedialely due and pay~bleJ whelher ot net t~ere be notice do-
mand, att~mpt to tolisct or wit pand~n9; and Ihe full amount of each and every :uch paymem shall bear toterest hdrr~ the dete theteot until paid ai th~
nte of nina pe? centum Rer a~nvm; ar?d ail iatd cosls, charge~ a~d expense• inevrreai or paid, together with iuch Interetit, shail be sacured by ihs Iitn of thi~
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a. 1'Mt (a) in tM evsnt of any bresch of tht~ Mortgeys or defeult on the part of the /NORTGAGOR, w(b) In th~ event ~ny of ~aid tumt of money
hKein r~ff~~td to be oot p~omptly and fully p~id wtthi~ thirty (30) day nex? aftar the same severaliy become dua ~~d peyable, witho~t demand or notica,
~ ~ or (rJ tn tM~went each and every ttw slipulations, agreement~, condiHons and covensnts of ~aid promiisory note snd this mort~sye s~y or vithar an nof
~uly, promptly and fully perfumed, d~scharged, executed, effected, cempleted, complied with ~nd a~ided by, then in eithar or any s~ch w~nt !hs aid ay~
~repat~ wm menltonad In :aid promistory nole then tematniny unpaid, with imues! aarued, and all monay~ acurcd hereby, ahall becoma due snd pay-
; ~ble forthwiih, a thareafter. at the option of said MORTGAGEE, ss fully and completely as 11 all of the tatd suma of money wen oriylnally ~tipvlated
to b+ paTd o~ ~uch day, a~ythlr~y in said promissory nob or tn this Mort9age to Ihe coNrary notwUhstandingj and thereupon or thereafter sl Ihs option of
~ w(d MORTGAGEE, without notice or dem~nd, ~~it al law w in equity, ther~tore or thereafter be~un, may ba prosecuted ai If ell money~ ~ecvred hareby
Md mat~ard priu to in instifution. ' •
7. That in tFM event thal at the beginntrp of ct ef ~ny Nme pendinp any tuit upon tht~ Mortgag~, or to foretlow It, or to roform tt, or to enforn
p~ymeot of ~ny clatnu hereunder, ~aid MORTGAGEE shsll spply to the Cov?t having iurisdiction thereot for tM •ppointmenf of a Receiver, ;uch Coun shdl
forthwlth appoint a ~aetver oI ~sld mortyaged property all ~nd iinyulsr, Includins} all ~nd •ingulsr the income, profiti, Ifs~te ~nd rtven~re• from whatevtr
w~res darived, each and every of which, it beir~ expressly urtderslood, i~ hereby morlgaged u if specifiully kt fath and dastribed In tM 9ran1(rty and
hab~ndvm clavses hereof, ~nd sucfi Receiver ~hsll h+ve ell the broad and effective func~ions snd powers tn anywise entrusted by a Court fo a Receiver, ~nd
tuch appolntmsnt ihall be made by such Court ss +n actmitted equity snd a matter ot absol~te tiflht to taid MORTGAGEE, and withoul ~eference to tM
~d~qu+cy or inadaq~acy of the valw of the property mwtyayed or to the wlvency or insoivency of said MORTGAGOR a the dafend~nts, and that such
renti, profiti, Income, Issve: ~nd reve~uas ahall be applie~ by euch Receiver accarding to tM Uen or equfry of ~ld MORIGAGEE and tMe practice of svch
. Coutt.
g~- 8. To dvly, prompfly ~nd fulfy perform, di~che?gs, execvte, effect, oomplete, comply with •nd ablde by eat;h and evtry tM atlpuleHor?t, ~yreerrHnt~,
= caxlit3ons ~nd covenantt in said promi~sory nots and this mortpage ~et iwth. •
~ • 9. That tn the event the ownership of ths mortgayed premisas, or any pari thereof, bccomes vested Tn a perwn other ihan tha MORTGAGOR, ti+e '
~ AiIORTGAGEE, it~ ~uccessws and siiigns, may, withoW m~ice to the MQRTGAOR, de+l with ~vcA tucceesar or ~ucceswr In intere+t with referance to thii
mwlgsQe end the debl hereby :enrred in the •ame msnner ai wHh Martgagor wi~hout ln any way vittating a dixharytn9 the Mort~sgors' .~~abllity hera
~ , under or upon the deb~ heraby ~ecured. No •alo of the premius hereby mortflaged ~nd no forbear~nce on 'tM part of the lrAORTGAGEE or lt~ tucceisors
ot assigns snd no extension of ihe time for the paymant of the debt hereby tecured qiven by ths'MORiGAGEE or iti autctsswa w aue~n~, shall oparats
; ro rel~ase, dischar~e, modify chan9e a afiect ths original liability of ~he MORTGAGOR Mrein, either tn whola or in part. "
10. It (t specificelly agreed th~t tlma 1~ nf the euence of thif contrac~ snd that no walvtr of •ny ob119stion herevndar or of tM obl(gation ~o-
' ' cured hereby sh~ll at any time the~eaf~er be held to ba a wa[ver of ths terrtu hereof or of the inslrumeM ~etured herby.
~ 11. In addition to the forego:ng monthly payments of princ'psl and interest rsqvi~ed by the pranitsory rwle :ecured hareby, mortpayor covsnant~ "
and ~rees to pay to mortgagee with eacfi monthty payment a~ addi~ionat :vm es~imated by morlg+9ee to be eq~s) to 1/12 of the annual cost of tF~e follow-
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A-All real property taxea (evied or ai~essed sgainN the above deiuibcd real estete.
B-Premivms on fire and windstorm insurence as harein rcquired to be urricd on the improvement• titvaf• on tFw above de;crlbed premT~es.
` C-Premivmt on s~ch mortgsge ywnnty ins~nnce ss mortg+gee sh~ll from tirt~ to time deem fit to tarry on th~ toan ~ecuted hsteby.
} Mo~rtp+9se ~hall from time to time no~ify mortgsgor in writiny of 1M amount d~e and pay~bl~ F?ereunder and •uch wm ~hall thereupon be dw an+d
pay~bk on the due dete of the next monthly paymant and esch suctes~lw month tlxreafter txilil mortyayss shsll notify mo?tyaqa of a thang~ tn wth
~ .~f~ w~rwunt. Such suma shall be appHed by morttgagee towar d t h e paymeM o f roa l property taxn, Irwunrxt premiumt, a n d rtwnyaq~ flwranty tnaur~nu
; . pnrnlwna.
IN WITNESS WHEREOf, the :aid MORTGAGOR h~s heteunto set hit hsnd arxl seal the day and ytar fi~tt mfotsta(d.
St9ned, ed a ivHed tn tfi~ pre~ence of:
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} STATE OF FLORIDA -
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~ COUNTY Of St • T'UC ~6 ~ ' .
_ ~ ~ aefa. m. p.r.on+uy .pp..nd BA~h~ BLLrnA -,ed
irir~r$,g,Z+.g~.~,.~5]3~q ~ hb wff~, to rtM vwfl known ~nd krwyvn to ~.to bs
' iht Indiridwt~ ~escribed tn ~nd who ~x~cuted ths forpo(np trutrumMt. and sc,krwwl~~d b~fon m~ tlut tMy tx~cuted tFw ~srrw fa tM putpo~es
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' ~ .~~..d. Ma rn. Ma~~~~ot PTSu~~a~
i wlfa of th~ said RAt~h~ Btit~ris - upon ~~pwaq M?d privats
~xamk?ateon by m. f~ken ~apanta and spart from Mr wTd Fwrband, adu~ovvledyed to ~nd b~fon crN tl~! ~he ~xetuted sald Iratrumenl freslr ~nd volurn
tuily and withovt ~ny eompulaton, eexutr+int, appre~ a fsu of or from Mr ssld hwb+red.
~ WItNE55 my hand •nd offki~l ~eal this day of " A. D. 19~...~
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Nofuy Pu and for tM Stat~ af fSorida at larp~ . .
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~ ± MY ~ : .
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` 'i - . ' . - fi~"i"""` ~yq~~'ir~lwo Awoci.t~on ~o~ Notary PubBc. State of Plertda 71Rt~a~g~ - .
~ • My Commission Expiros Aug. 6~ 19b7
; ~ : ; ~'~~FT~"~~~~.~° ~ILED AND RECORQED B,, Sw~~? ~ Y. : .
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~ $ ~ -:~'o~;..: ~ • ..•~t~ 1964 DEC 2 . ~ ~~~''~;~':S°r. = - . . : '
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~ F I ~~'~~oR~~~~"''~~ ROGER POiTRAS• a~~ ~%..t~+r~i~ ' • '
~ SS. ll1CIE COUN~Y, FLORIO s ~ . ~
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