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HomeMy WebLinkAbout0399 3. To place and continuously keep cin the buifdings now or fiereafler ~ituate on sa9d land and on all equip~nent end personilly covered by this mortg• eae. with ell p~emiun~ thereon pa:d in (ul~, fire insurance in the us~at sranderd pulicy form, in a swn approved by Ihe h10RTGAGEf, and windstorm inturonce in Ihs usual stand3rd poi,cy iorm, in a aun~ opp;o:e:: : ; . -,ck . rmm~anie: as the h10RiGAGEE may dirett; and ail fire and windswrm insurance policies on any of said bui!d~ngs, any in!aresi Iherein or paif ihe:eof, in fha aggregate sum alo~esaid or in excess Ihe~eof, ~hall con?ain the usual etar.dard mortgagee ciause or such other dause as the Mortflagee may requ~re, making ~he loss under •a~d po!i- c1es, eath and evary, payab~e to iaid A10RTGAGEE as its inte~est may apPear, and each and every wch poticy shall 6e prompNy ass.gned and delivered ?o any held by said MORTGAGEE as iunher security to said mortgage debt, and, nai lesx than ten (10) days in advance of the exp;rat;on of each policy, to dt- tiver to said h'.ORTGAGfE a renewal the~eof, toge~her with a rece~pt tor Ihe premium of such renewal; and there shall be no fire or ~vindsto~m insuronce placed on any oi said build~ngs, any interest therein or part thereof, vnless in the form'and with the loss payable as aforesaid; a~d in fho event any tum of money becomes payable under such polity or poGcies said AIORTGAGEE shall have the op?ion to rece;ve and apply the same on account o~ the indebted• ' ne~s secured hereby or to permit said MORTGAGORS to receive and use i1 or any part thereof for other purpos-rs, ~v~tho~t thrreb~ ~vaivi~~g or ir,ipair- ing any equity, lien o~ right under or by vi~tue of this mo:tgage; and in the event said ~ti10RTGAGORS shatl for any reason fai) to keep fhe said p~emises so insured, or fait to deliver promptly any of said pol~ues of insurnnce to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any ro~pect fail Io per(orm, distharge, execute, tifect, tomplete, comply with and abide by this covenant, or any part hrreof, said MORTGAGEE may place ard pay {or such insurante or any part thereof w~thoul wa!ving or affecting any option, tien, equity, or right under or by vir~ve of this hlortgage, and the fvll amount of each and evaiy s~th payment shall be im~nediataly due and payable and shall bear interest from the date theteof until paid at the rate ol nina per tentum per annum and to~ether with such interest shall be secured by the lien of this mortgage. . 1. To permit, commit or suffer no waste, impairment or deterioration of said property or any parl thereof. 5. To pay all and sing~~ar the tiosts, charges and expenses, incfuding a reasonabte attorney's fee and costs of abstracts of title, inturied or paid at any time by said MORiGAGFE, betaus~ or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, i execute, effed, complete, tomply with and ab;de by each ard e~ery the stipulation~, agrePmznts, tanditions, and covenants of said prpmissory ~ote and this j mortgagz any or ei~her, and sa~d costs, charges and expenses, each anJ every, shaN be i~nmediately aue and payable; •xhether or not there be not~ce dr mand, attempt to collect or s~~it pending; and the full amouN of each and evrry such payment 3hall bear iMerest from the date thereof until paid at the rate of nine per centum per annum; and all said costs, chargas and exoenses incurred or paid, together w~th such interest, shalt be aecured by the lien of this ~ ~Mlf~aflP ...J~~~. A. Tha1 (a) in the event of any breacli of this Mortgage or de(auft on the part of the h10RTGAGOR, or (b) in the event any of said s~ms of money herein referred to be not promptly and (ully paid wi~iiin thirty (30) days next after Ihe same severally become due and payable, withoul demand or notice, or (c) in the event each and every the sliputations. agreements, condrtions and covenants of sa:d promi;soiy nose and this mortgage a~y or eiiher are not ~uly, prompfly and iully performed, d~scharged, ex2cuted, eifected, completed, complied with and abided hy, then in either or any such event the said ag- gregate sum mentioned in said promissoty note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- abte forttiwith, or thereafter, at the option ol ~a+d h10RTGAGFE, as fully and completely as if all of tl,e said sums of money were originally sripulated to be paid on suth day, anything in sa:d promissory note or in this hlortgage to the contrary notwithslanding; and thereupon or thereafter al ihe option of i said MORTGAGEE, without notice or demand, auit at law or in equ~ty, therefore or thereafter begvn, may be prosetuted as if all moneys secured hereby had matured p~io? to its inst~tulion. 7. Thas in the evenf that at the beginning of or at any time pending any suii upon this Mortgage, or fo foreclose it, or to reform it, or to enforce payment of any claims he~eunder, said h10RTGAGEE shall apply to the Courl having jurisd~ctlon thereof for ~i~e appo~ntment of a Receiver, such Cavrt shaN ~ fortti~vith appoint a rece~ver ef Said mortgaged ptoperly all a~d singulat, includ~ng aIl and singular the income, profits, issues and revenues from whatever ~ source derived, each and every of wh;ch, it being express~y undersrocd, is nereoy mortyayed -o; ~f s~,e~;Sically set (a:th ~nd des:retiad in th~ g~anGno and habendvm clauses hereof, and such Receiver shall have all the broad and eifettive funct~ons and powers in anywise entrusted by a Court to a Receiver, and tuch appoirttment shal; be made by such Court as an ad~nitted equity and a matter of absolute righ~ to said MORTGAGEE, and v+ithout ?eterence to the - adequaty or inadequacy of the vafue of the property mortgaged or to the so~vency or inso~vency of sa~d MORiGAGOR or the defendaMS, and that such ren~s, profits, income, issuzs and revenuas shaii be applied t,y such Rece+ver accordinq to !Fa !ie~ er equity of said tApRTGAGEE and the practice oF such i COUrt. ' i 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, ' conditions and covenemi in sa~d promissory note and this mongage set forth, j ! 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a pe~son other than.lhe MORTGAGOR, the ~ MORTGAGfE, its successors and assigns, may, withaut notice to the ~V10RTGAOR, deal with such auccessor or successor in iNerest ~vith reference to Ihis mortgage and the debt he~eby secured in the same manner as with l~lortgagor without in any ~vay vitiating or discharging the htortgagors' liability here- under or upon the de6t hereby secured. No sale of the ~~emises hereby mo~lgaged and no forbearance on the part of the 1110RTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by th> htORTGAGEE or its successors or assigns, ahall operate lo release, d~scharge, mod~fy change or aifect the original liab~l~ty of ~he MORiGAGOR herein, either in whote or in parf. ~ ~ 10. It is specifically agreed thaf time is of the essence of this contract and that no waiver of any obligation hereunde~ o~ of the oblig~tion se-' ~ a.ted hereby shall af any time thereafter be held to be a waiver of the terms hereof or of the instrumenl secured herby. 11. In addAio~ to the forego:ng monthly paym~nss of princ'ppl and interest required by the prom~ssory no!e secured hereby, mortgagor covenants ; . and agrees to pay to mortgagee with each monthty payr,ieni an add~iional sum e:t~maied by mortgagee to be equal to 1 j'12 of tfie annual cost of the tollow- j ing: ~ ' . _ • I H-Nif fedi (.,iV(.~criy .aiaci ~c~:.~.~. ..>i~~.:.L ~~3. ~L..._._ .~le...~:,,;(1 nal pSt.lte. i B-Premiums on fire and ~vindstorm insurar,ce as herein requ;red to be carried on the improveme~ts situate on the above described premises. i C-Premiums on such mortgage guaianty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shal! from time to time notify mortgagor ~n writing of the amouN due and payabfe hereunder and such sum shall therevpon be due and payable on the due dafe of the next monthly payment and each successive month lhereafler until mortgagee shall notify mortgagor of a change in suth amount. Such sums shall be applied by mortgagee toxard the payment of real property taxes, insurance prem;vms, and mortgage gua~anty insurance premiums. ItV V~ITNESS 1NHEREUF, tFtC Said F1IUKIGAGUK hai Ii2tQUniO aei i~i~ ita~iu a~iu' Seei i1~E d.;~ ~c3: L~C~~~~~a ' n , aled n deliv d' the presence of: . ~y ~ _ (Seal) 1 _ _ C,u ~ ~ (Seaq ~ (Seal) (Sea I) i STATE OF FIORIDA ~ ' ' ; C4t1NTY OF _ St L. 7 C l A ~ t ~ ~ Before me personatly appeared - ri B. Sk 88g $ and i Mary Ann Ska~~B his wife, to me ~vell known and known to me to be the individvals described in and who executed the foregoirg instrument, and acknowledged before me that they executed the same for the pvrposes ~ Iherein expressed. Ard the said Mar~ Ann SkAg~B wife ot the said ri. B SI{$j;~yS upon a separate ar.d private examination by me talcen separate and apart from her said husband, atknowledged to and before me that she execuled said instrument freely and vol~n- tarily and without any computsion, constraint, apprehe si , or fear of or from her said husband. WITNESS my hand and official seal this _ day of J anuar A. D. 19 66 ~ ~ , Notary Pu c in and for the State of Florida at large • My Com ssion expires: Retum To: First fede~al Savinps 6 loan Associafion ' Natary PUbIiC, State Of Flo~ida at CargB • Of Fn•~ P:eke. REC RDED My Commission Expires Aug. 6, 1967 k ~F~?-•~2«~:=ri.~saa- FlIED ~ND pOK ~o~d:~a,~xgmnJi~n~us~~~i.s~~Y~ - ~t„ _ }~}~-~QCO~-~ . _ i O~ ~ ~ . ` ` ` - _ .~~~~G . . _ E ~ ; ~ , _ ~ '66 J~it! 4 P~1 3 . I 5 - _ . . - - ,j''~j;-; . „ _ r ~ - . . . ~ `'r; ~~v:''~~~ RGGtr; 1-i;~ i `t.'>.~. CLYr~K - _ , ~ . ,4T. ~UCIF C~U~~T . , " FLOR(OA j :,r . • . : ; ~ ~ - ~ " k K 399 ~ ~'~~~N'~~~`` ; ~ t BOOK V - . - - - '