HomeMy WebLinkAbout0832 And said h!ortyagon, fcr themseives ~nd their heir~, legal rep~esentativt~, suaes~on and est+gns, herrby join~ly and ieveraily covenant and agroe
to and with the aa~d h10RiGAGEE, ~ii successors and ass~gns:
l. To pay all and s~ngular the principal and intereet and the var;ous and sundry ~umi of money payable by virtue of faid promissory nole, ~nd fhif
morlgage, each and every, prompNy on the days respeclively Ihe esme sevarally become due.
Y. To pay aii and ~~~g~~lar the toxes, assessmenls, levies, fiabilirie~, obligation~ and encumbfDnt~l of every nature and kind ~ow on ~aid described
properly, or that hereafter may be ~mposed, suf}ered, plated, levied, or assessed thereon, or that herea(ter may be levied or essessed upon thit Mortfl-
age, or t},e indebtedness secured hereby, each and every, when due and Fayable, according to law, before they become delinquent, end bu(ora any interest
ettaches or any penalty is incu~~eo; AIvD INSOfAR AS A~:~f TNEREOf I$ Qf RECORD TNE SA,.1E SHAII BE PROMPTLY SATISf1ED AND DISCNARGED OF
RECORD AND iME ORIGItvAL OFFICIAI DOCUMENI iSUCH AS, FpR INSTANCE. TNE TAX RECEIPT OR THE S.~TISFACTION PAPER OFFICIALLY ENDORSEU
OR CERiIiIED) SNAII BE PtACED IN THE HANpS G`F SA10 MORTGAGfE Wi1NIN TEN DAYS NfXi AFTFR PAYMENI, and in tha event thaf any thereof it not
paid, sat~slied and discha~9ed na'd 1.10RiGAGEF rnay al any t~me pay Ihe same or any part the+eof wilhoul waiving or af(ecting any oplion, lien, equity or
.iqht u~der or by viriue of lhis morigage and the full an,ounr o( each and every such pnyment shal) be immediately due antl payable and shall be~r intert~t
From th: date thereof unril pa:d ar rare of eighf per centum per annum and to~e~he~ w~th such inrerest shal~ be ~ecured by the lien oi th:s morgtage.
3. To pl~c~ and <anftnuovsly keap on ~he bu1lding~ now or hrreafta ~ituate on said lenrl and on ell equipme~t and penonelly covsred by ihit mortq-
aq~, with ~II premium• thetean paid in full, fire infurence in ~he utual slanderd polity fo~m, in e tum approved by the MORTGAGEE, and wTnditorm
I~~vr~nce fn tha u~ual ~tandard policy form, In e ~um approved by fha MORTGAGEE, tn wch company or compenie~ af Ihs A{ORIGAGEE may
derett; ~nd ell fire end wlndstorm inwronce policie~ on any of ~aid build~ngs, any fnteresl therein ur part thereof, in the aggregale ium aforefeid or
In excttt thereoi, ~hall co~tain the usual ~t~ndard mortgagee clau~e or ~uch othar clause a~ the Mortgegee may require, making Ihe los~ under ~~id poli-
cies, euh ~n~every, payabfe to ~aid hiORTGAGEE as its intere~t may appear, and each and every such polity shall be promptly ass.gned and delive?ed to
any held by ieid MORTGAGEE as furlher securily to said mor~gage debt, and, not les~ then ten (10) day~ in advance of the expiration of tach polity, to do-
livet fo ~aid MORTGAGEE a renewal thereof, togelher wilh a receipl for the premium of ~uch renewst; and thert shel) be no fire or windttorm inJVrance
placed o~ any of aaid buildings, any interesl theroin or pert thereof, unless in the form and wlth the loss payable as eforetaid; and in the evenl any tum
of money becomH payable under such policy or policies :aid MORTGAGEE shall hava the option to receive and apply the same on accounf pf the indebted-
nes~ ~etured hereby or to permit said MORTGAGORS to rtteive and ute it or any pa~t the~eof for other purposes, witho~t thereby weiving or impair-
Ing any equity, lien or right ~nder or by virtue of this mortgage; and in the event said N:ORTGAGORS shall for any renson fail to keep the •aid premifes so
(niured, o~ fail to deliver promptly eny of said pol~cies of insurance to teid MORTGAGEf, or fail promptly to pay fully eny premium fherefor or in any
re~pect fail fo perfwm, di~chafge, execute, efled, complete, comply with and abide by this covenant, or any parl hereof, taid MORTGAGfE may plate and
pay (or ~uch Iniurance or any part thereof without waiving or affetting any option, iien, eq~ity, or right under or by virtue of this Atortgage, ~nd the
full amount of eech end every iuch payment ihatl be immediately due aad payable and shall bear inte~e~t from the date lheteof until paid at the rote o1
nine per centum per annum and to~ether with such interest shall be securod by the lien of this mortgage.
To permit, tommit or suffer no waste, impairmem o: deterioretion of snid prope~iy or any parf thereof.
S. To pay all and sing~lar the costs, charges and expe~ses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at
~ny time by taid A10RTGAGEE, because cr in the e~ent of the laiiure on the Hert of the taid h10RTGAGOR to duly, prompfly and fully perform, diicharfle,
~xecute, effect, complete, comply wiih and ab:de by each and eve~y the ~tipulations, agreements, conditio~~i, and tovenants of ~aid promissory note end thi~
mortgepe any or eirher, and seid cosrs, cherges and expenses, each and every, shall be immediately due an~ payable; whether or noi inere ba ~o~~co ~r
mend, attempt to col!ect or ~uit pending; and the full amount of each and every iuch p~yment shall bear interest from the date thereof until paid at the
rate of ~ine per centum per annum; and al~ ~aid costs, charqe~ and expenses incurred or paid, together with :uch interest, shall ba secured by the lien of thi?
moAy~ye.
6. That (e) t~ the event of any breach of this Nortgage or default an the part of the MORTGAGOR, or (b) in the event sny of se~d tums of money
hereln referred to be not promptly and fully paid vii~hin thirty (30) days next after Ihe aame severatly become dua and payable, without demand or notice,
o: (c) in the event each and every the stipulations, agreements, condition3 and covenents of ~a~d promissory note a~d th~i mortgage eny or either ~re nof
~uly, promptly and fully perfo+med, d~scharged, execuied, effected, tompleted, complied with and abided by, then in either or any such evanl the ssid aQ~
preyats ~um mentiontd in iaid promiisory note then remaining unpaid, with interest accrued, and all moneys secured hereby, ehall become dua and pey-
•6~t forthwith, or thereafter, at tfie option of said MORTGAGEE, as (~Ny and completely a: if ell of the ia+d ~um~ of monay we~e oriplnally sf;pulnted
to be paid on such day, anything in said p~omissory note or in this h5ortgnge to the controry notwithstanding; and thereupon or thereafter al the option of
~aid MORTGAGEE, without norice or demand, suit ai law or in equity, therefore or thereafter begun, may be prosecuied as if all moneyt secured hereby
Md matured prior to its inttitution
7. That tn tha evenl that at the beginning of or at any time pending any suit upon this hlortgape, or to foreclose it, or to retorm it, or to rnforts
peyment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~cr~on thereof for the appo~ntment of a Receiver, tuch Court sh~ll
farthwith appoint a receiver of :aid mortgaged property all and singular, includ~ng all end singular the income, profih, ~s~ur~ and revenue~ from whafever
wurce derived, each and every of which, it being expressly understood, is hereby mortgeged as if ~peufically set forth and daxcribed in the granting and
hatendum tlauses hereof, and svch Receivei ihall heve all the broed and effec+ive functiont and powers in anywise entrusted by s Court to a Reteiver, end
wth appointment shaU he made by such Court a~ an admitted equiry and a matter of ebsolute righl to said MORTGAGEE, end withovl referente to the
adeq~acy or inadequacy of 1he value of the property mort9aged or to the sotvency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profitt, income, iisuet and revenues shall be applied by ~uch Receiver according to the lien or eq~ity of said MORTGAGEE and fha practiu of •uch
Court.
8. To duly, promptly end fully perform, discharge, execute, effect, complete, comply with end abide by ench and avery the itipulation~, agreements,
condition~ and covenanti in said promiuory no~e and thii mortgage set forth.
9. Th~l in the event the ownership of the mortgaged premi~es, or any p~rt thereof, becomes vested ire a person other than ths MORTGAGOR, the
~4lORTGAGEE, iti successors and atsigns, mey, withou) notice fo the MORTGAOR, deal with such succeisor or successor in intere~f with refereM~~'tc?1)~)'i
mat9afls and the debt hereby secured in the same manner as with Mortgagor withovt in any way vitiating or'd~scharging the Mortgpgb~a'~,l~blif~ !~l,•
under or upon the debt hereby securod. No sale of the premises hereby mortgaged and no iorbearance on the part of the MORIGAGE£~ar;ua.wtr¢~r~~!;
ot •t~ignj and no extension of the time for the peyment of the debt hcreby iecured g+ven by the MORTGAGEE or its futcesson Qt,ptsipnt, ahell:qpdnfll;' %
lo rtkss~, d7scharpe, modify chenge or affed the original liebility of the F1.ORTGAGOR herein, either in whole or in parf. • ti' •
10. It Is •petifically egreed that time ia of the essence of this contract and that no waiver of any obligation hereundcr ;cr Iif``ths obliyatlw~' ce
turtd heraby ihall at eny time thereafter be held to be a waiver of the terms hereof or of the instrumenl secured herby. ' • -
I l. In addition to the foregoing monthly paymtnts of princ pal and inlerest required by the prom~swry note secured here~; ~flAaegor tov,enents; ~ -
and •prees to pay to mortgagee with each monthly payment s~ additional avm estimated by mo~tgcgee to be eq~al to 1/12 of the.Orxl~el cost'of the fot{ow,.' "
[^9: _ .
A-All real property taxe~ IevFed or essessed ngainst the ebove destribed real estate. `
B-Premiumf on fire and windstorm insurance as herein req~ired to be carried on 1he improvements situate on the above describe'd`preiniset. ~
C-Premivms on svch mortgage gua~anty insurance as mortgagee shall from time to time deem fit to carry on the loan ucured hereby: ~ ~
Mortgagee ~hn11 from time to time notify mortgagor in writing of the amount due and payable hereunder and ~uch sum ihall thereupon be dve artd
pey~bla on the dua date of the next monthly payment end each iucceisive month thereafter until mortgagee shall notify mortgagor of a change in •uch
ertw~nt. Such sum~ shall be applied by mortgagee towerd the payment of real property tazes, tnsuronca premiums, and mortgage guarenty insurance
premi~m~.
IN WITME55 WNFREOf, Iha said MORTGAGOR has here tqt~ipih~~ ~~~day and year first aforesaid.
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STATE OF fLORIDA
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