HomeMy WebLinkAbout0217 3. To ~lace and conii~~~usiy keap cr, i~ ~ ti;~'~i~,ys r.~~ c= l:esr=ft~r a:+:;~'_ ~n s~'d land bnd on al! equipment and pertonaily covered by thie mortg- ~
age, with ell premiurrn ihereon paid in full, tue insurance in Ihe us~al itandard policy torm, ~n a wm approved by the MORTGAGtE, and ~vi~~ditorm
ins~ronce in tha ~s~al itandard pol~cy form, in a sum approved by the h10R1GAGEE, in such campany or carpenies as the A\ORTGAGEE may
direcl; and al) fire and windstorrn insurance palic~es on any of said build~ngs, any i~terest therein or parl fhereai, in ihe aggregate s~m afaresaid or
in exce~s Ihe~eof, ihatl contain tha us~al standard mortgagee clavsa or s~~h otha? clauie a• Iha Mortgagee may requ~re, making the loss ~nder snid poli-
cies, each and every, payab!e to •aid MORTGAGEE as its interesl may appear, and each and evury s~ch policy shall be promptty ais:gned end delivared to
any held by iaid A10RTGAGEE as furthar secu~ity to said mortgage oabr, anJ, not leie than ten (10) days in adYance of Ihe ezpiration of ea_h policy, to de•
liver to ~aid h10RTGAGEE a renewal thereaf, together with a rrceipt for the premium of such rentwalj and ?here shall be no fire or ~vindstorm insvrance
placed ai any of said buifdings, any interett therein or part thereof, un!ess in the iorm'end wi~h the toss payable as aforesnid; and in the event any sum
of mo~ey becomes payable under such po!icy or policios taid MORTGAGEE shall heve the option to receive and apply the same on account o~ 1he fndabted-
~~nss sza:teJ h~:~b~ :o Y:.=:Y:t ==:~1 ~'=!?~T[;At_[)qS ~oc~eva and u~e it or any nart thereof for other purposes, wilhout thsreb/ waivin9 or impair-
ing any equity, lien or righl under or by virtue of this mo:tgage; and in 1he evenl taid MORTGAGORS shall for any reason fail to keep Ihe said premises so i
iniured, or fail to deliver promptly any of said policies of insurance to •aid MORTGAGEE, or fail promptly to pay tully any p~emivm therefor or in eny :
respeu fail to perform, discha~ge, execute, effect, complete, comply with and abide by this covenant, o~ any parl hereof, said MORTGAGEE may piace and ~
pay for such insuranca or any part thereof without waNing ar affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the ~
full amount of each and every such payment shall be immediately due and payable a~d ~hall beer interest ftom the date 1Fereof unlil paid a1 the rote o! E
nine per centum per ar.qum and together with such lnterest shall be secu~ed by the lien of this mortgege. ~
4. To parmit, commit or suffer no waste, impai~ment or deterioratio~ of said property or any part thereof. ;
5. To pay alt and s':ng~lar iFrzest3, charges ar.s! eYpanszs, inclvdinc~ a ~easonable attorney's fee and costs of abstracts of title, inc~rrod or paid at ~
any time by said MORTGAGfE, because or in the event of tho failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge, ~
exetute, eifect, complete, tomply with and abide by each a~d every tne stipulations, agrtements, conditions, and covenanli ef said promissory note and this
mortgage any or either, and said costs, charges and expenies, each and every, shall be immediately due and payable; whether or not there ba notice de ~
mand, attempt to toilett or auit pending; and the fvll arr.o~nf oE each and every such payment shall bear interesl from the date thereof ~ntil paid at the
rate of nine per centum per annum; and all said cSsts, charges and expenses incurred or paid, together wilh such interest, shall be fecured by tho lien of this ~
mortgage.
6. That (a) in the event of any breach of th~s Mortqaga or default on tha part of the MORTGAGOR, or (b) in the event any of said tums of money ~
herein referred to t~e no1 promptly end fully paid wiihin thirty (30) days next af:er the same severally become due and payable, without demtnd or nolite, j
or (c) in the eve~1 each and every the ~tip~latians, agreements, conditions and tovenents of sa~d promissory note and this mortgage any or either are not E
~vly, promptly and fufly performed, d~scharged, executed, effected, comFleted, complied with and abided by, then in eithet o~ any such event Ihe said ag• ~
_ _ _ ...,...:a ...:~6 ~„t.,.e~+ r«n~ad. wnd all monevs secured hertbv. shall betome due and pay- :
~ic~ufo iviii ii~vii.:.v:::.:+ i:: i.:.:: ~::'v::::::"~ _'"~-"'r: ' " _ . _ '
a61e forthwilh, or thereafter, at the option o( said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated ~t
to be paid on such day, anything in said promissory note or in this hlortgage to the contrary notwithstanding; and thereupon or therea(ter al the option of }
taid MORTGAGEE, without notice or damand, euit at law or in equity, thereiore or thereafter begun, may be prosecuted as if all moneyt ~ecured hereby ~
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had maturod prior to its institution. ~
7. That in the event thal at the beginning of or at any time pending any suit upon this Mortgage, or to foretlose it, ot to reform it, or to enforce ~
pnyme~t of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appo~ntment of a Receiver. such Court shall 1
forttiwith appoint a ~eceiver of said mort9aged property all and singulat, includ~ng all and singular the income, proiits, issues and revenues from whatever ~
source derived, each and every of wfiich, it being expressly understood, is hereby mortgaged as if sp:ci(ically set forth and described in the granting and
habendvm clauses hereof, and su<h Receiver shall have all the broad and effective fu:ut~ons and powers in anywise enirusted by a Court to a Receiver, and ~
~uch appointment shall be made by svch Court as an admitted equity and a matter of absolute ti9ht to said MORTGAGEE, and without reference to the
adeqvacy or inadequacy of the value of the prbperty mortgaged or to the solvency or insolvency of said h10RTGAGOR or the defendants, and that suth
rents, profits, income, issues and revenues shall be applied by such Receiver accordin~ to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To dvty, promptly and fully perform, discharge, execute, ei(ett, complete, comply wilh tnd abide by ea~h tnd every the stipulations, agreements,
conditions and covenants in said promissory note and this mortgage set forth.
9.Khat in the event the ownership of the mortgaged premises, or any part thereof, becomei vested in a person other than the MORTvAGOR, the
MOitTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such auttessor ot suctessor in interest wilh reference to this
mortgege ard the debt hereby secured in the same manner as with Mortgagor wilhout in any way vitiating or discharging tFe Mort9agors' liabi?ity here-
under or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbearance on the par! of Ihe MORTGAGEE or its successors
or assigns and no extension of tfie time for the payment of ihe debt hereby secured given by the ARORTGAGEE or its avccessors or assigns, sliall opereta
to release, discharge, modify thange or affect the original liability of the MGRTGAGOR herein, either in whola ot in part.
10. It is spetlfically agreed that time is of the essence of this contract and that no waiver of any obtigation hereunder or of fhe obligation se-
cured fiereby shall at any time thereafter be held to ba a waiver of the terms hereof or of the instr~ment secured herby.
11. In addition to the foregoing monihly payments of princ'pD~ and imerest required by 1he promissory note secured hereby, mortgagor covenants
and agrees to pay 'fo mortgagee with each monthly paymenf an additional sum estimated by mortgagee to be equal to 1/12 of the annual cosl of the follow-
ing:
A-AII real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein reqv~red to be carried on the improvements situate on the above described premiset.
C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. (
Mortgagee shall from time to time notify mortgagor in writing of the amaunt due and payable hereundar and such sum shall thereupon be due and i
payable on the due date of the next montfify payment and each success~ve mon~h thereafler urtil mortgagee shall notify mortgagor of a change in such f
amaunt. Such sums shall be applied by mortgagee toward the paymeni of real property taxes, insurance prem:ums, and mortgage guaranty insurancs {
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premiums. i
IN WITNE55 WHEREOF, the said MQRTGAGOR has nereunto aet his hand and seal the day and year first aforesaid. ~
Signed, aled d delivered in the presence of: _ `~1~ tt
r ~ ' ~Sea~~ }
G ~
- ~?i2~C-~ (Seaq
(Seal) ~
. (Seal) ~
STATE OF FLORIDA _ ! ~
COUNTY OF S ti . LL1C j. 8 ~ ~ ~
Befora me personally appeared W~Z j-~m W_ Harri 4 end ~
F
Hazel .7. ~aT'I'~S _ his wife, to me well k~own and known to me to ba ~
fhe Individ~als described in and who executed the foregoing instrume~t, and acknowledged b>fore me ihat they executed The same for the purpotes
therein expressed. And tha said - H8291 J. H~rris
wife ot the taid wi i 1 i am j11~ . Harr i s upon a separaie and private
examination by me taken separate and apart from her said husband, atknowledged to and before me fhat ahe executed said instrument freely and volun-
larily and without any compulsion, constraint, apPrehension or fear of or from her said }~usband.
WITNESS my hand and official seal ihi• day af A. D. 19~
Notary lic in and ior the Stat'c of Florida at large
My Co mission expires:
Return 70: ~ Notary P~:btic, State of Florida at Ls~g ~ ~
firtt Federa) Savi~gs ~ loan Association ' R~~~ My COmfili58i0~ Expires Aug. 6, 1967 ~
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