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Home My WebLink About1504 ~ t 3. To plate and toNinuo~sly keep on 1he bui!dings no,v or her~~after elw~te on said land and on all equipment and persona~~y covered by this mortg- ; age, with ell premivms Ihereon pa:d in full, (ire insvrance in Ih,; usval standard pu!icy form, in a wm approved by the h10RTGAGEE, and windstorm ins~tanca in the usuai standard pol~cy form, in a s~m approved by ~he ti10RTGAGEE, in such tompany or companies as the h"ORTGAGff may dircci; and aN fire and windsrorm insuran~e policies o~ any of sa~d build~ngs, any interest therein or part thereui, in Ihe aggregate sum aforesaid or In excest ihereot, shall contain the usuai stantiarci inor~c~agee clause or sucF~ othet c!awe as the A1~rtgagee may reqv~re, making the loss undrr said poli= c+ef, each and every, payabte to saiJ A10RTGAGEE as ifs intereit may appear, and each and evcry suth policy shall be promptly ass gned and delivered to any hald by said h10RiGAGfE as (urther security to said mortgage dabr, and, noi less than ten (10) days in advance of the expirat~o~ of each policy, to da- ~iver to said A10RTGA~itE a renewai Ihereof, toge~her wiii~ a re~ript for tha premium ei such ron~y:al; ar.d Ih:re shal! b? no fire or windito~m insurance placed on any of said build~ngs, any interest fherein or part thereof, unless in the form'and with the losi payabie as aforesaid; and in the event any sum of money becomes payable vnder such policy or pol~cies said MORTGAGEE shall have the op~~on to receive and applY ihe same on acco4nl o~ the indzbted- ness s~cvred hereby or to permit said MORTGAGURS to recei~e and use it or any part ihereof for othcr pu~poses, ~v~thovt rh>~cb~ tivaivi~~~ ur +mpa;r- ing any equify, lien or ~ight under o~ by virtue of this mo:!gage; and in the evenr said h10RTGAGORS shall for any reason fail fo keep ~fie said premises so insured, or fail to deliver promptly eny of said policies oi insurence to said MORTGAGEE, or (ail prompdy to pay fully any premium therefor or in a~y taspect fail to per(o~m, discharge, exec~te, effett, comptete, compty wilh and abide by rhis co~enant,•o~ any parl hereof, said A10RTGAGEE may place and ~ay fcr s!~th~ insurance ot any part tliereof without walving or affecting any option, lien, equ~ty, or ~ight unde~ or by vinue of this h5ortgage, and Ihe full amo~m of each and every such payment shall be immediately ci~e and payable and xhall bear interest from tha date Ihereof until paid at rhe rate ot nine per centum per annum ancl together w~rh such interest shail be secured by Ihe lien of thi~ mortgage. 4. To permil, tommit or suf(er no waste, impairment or deterio~ation of said property or any part thereof. 5. To pey all and singular the.costs, charges and expenses, induding a reasonable attorney's fee and costs of abstrads of tiile, incurred or paid at ; any time by said MOR1GAGfE, because or in the event of the failure on the part ot the said MORTGAGOR to duly, prompNy and fulty perform, d~scharge. ` txecute, effecf, complete, compty w~th and ab:de by each and every the sYrpulations, agreements, cond~tions, and covenants of said promissory note and this ; mortgage any or e~iher, and sa~d costs, <harges and expenees, each and every, shall be immediately due and payable; whether or not there be no~~ce dz mand, attempt to coflect or suit pending; and the full amount of each and every such payment shatl bea~ interest frorn the date thereof until paid at the rate of nine pe~ cenrum per annum; and all said costs, charges and exornses ~ncurred or paid, together w~th such interesf, shall be secured by the lien of this mortflage. A. That (a) in the event of any breach of this Mortgage or deFault on th~ part of the h10RTGAGOR, or (b) in tfie event any of said surt~s of money herein referred to be ~ot prompNy and fully paid within th+rty (3D) days ne~t after fhe same severally 6ecome due and payaUle, without demand or notice, or (c) in the eve~1 each and every tha Stipulations, agreements, condition: and tovenants of sa;d promissory note and th~s morlgage any or either are not ~uty, promptly and fully perFormed, d:scharged, execu~ed, effected, compteted, complred w~fR and ab~ded tiy, then in either or any such event the sa~d ag• gregate sum mentioned in said promissory note then remaining unpa~d, with interest accrued, and all moneys secured hereby, shall become due and pay able forlliwith, or thereafter, at the option of said h10RTGAGEE, as fully and comptetely as it all of the said sums of money vrere originally st~pulated lo be paid on such day, anything in sa:d promissory note or in fhis hlortgage to the coni:ary notwiths~anding; and lhereupoi or thereafter a1 the opiion of said MORTGA~GEE, without notice or demand, suit at law o: in equity, therefore or the:~afrer begvn, may be prosecuted as if all moneys secured hereby had mntured prwr to its institution. 7. That in !he event ihal at the beginning of or at any time pending any suit ~pon ti~is Mortgage, or to fareclose if, or to reform it, or to enforte payment of any daims hereunder, sa~d ,1tiORTGAGfE shalt apply to the Court having jur~sd~ction thereof (cr the appo~ntment of a Receiver, such Court shall fortFiwith appoir.t a receiver of said mortgaged property all and singular, indud~ng all and s~ngular the income, prof~ts, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mortgagev as if specNically se) foith and described in the granting and habendum clavses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anyw~se entrusted by a Court to a Receiver, and iuch appointmenl shall be made by such Court as an adml~ted eq~~ty and a mauer of absulute r~ght to safd MORTGAGEE, and without reference to the edeguacy oc inadequacy of the val~e of the proper?y mo~tgaged or to the so;venty or insolvency of said M(~RTGAGOR or Ihe defe~idants, and that such rents, profits, intome, issvei and revenues shall be applied by such Receiver accord~ng to the lien or equity of said A10RTGAGEE and ~he practice of such Court. 6. To duly, promptly and fully per/orm, discharge, execute, effecr, completr, comply with and abide by each and every the sNpulations, agreements, conditiOns and covenants in zaid promissory note and this mortgage set iorth. ; 9. That in the event the ownership Gt tnz morryag ;.tie ringrr_er_nv ~~,o eo premise~, or ar,y pari iirrtrui, 'vci"v:ii;a .ci=cv i~, a~~;~,.-. t. . MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, dea( with s~ch xuc<essor or s~ccessor in interest with reference to this mortgege and the deb! he~eby 3ecured in the same manner as with ldortgagor wifhovt in any way vitiating or d~scharging the lAortgagcro' liabitity here- und~r or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the IAORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby se:ured given by the MORIGAGEE or its s~tcessors o~ ass:gns, ahall operata to release, d~scharge, modify change or affecr the orig~nal liab~l~fy of the h',ORTGAGOR herein, either in whole or in par~. ' 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- c~red here6y, shall at any time ~hereafter be hefd to be a waiver of ihe term,s hercof or of the instrument aecured herby. ~ 11. In add;tio~ to the fo;ego:ng monthfy payments of prir~-p~l and interest required by the prom:ssory no!e secured hereby, mortgagor covertants ' and agrees to pay to mo;tgagee with each monthly pay,nent an add~~ionai sum est;mated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ~ ing: A-A11 real property taxes leviad or assessed against the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried en the improvemenfs situate on the above d:svibed premises. ~ C-P~err,iums on s~ch mo~tgage g~aranty ir.sura~,re as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mertgagee sfiall from time to time notify morrgagor in •nrit~ng of the amount due and payable hereunder and such sum shall thereupon ba due and payable on the due date of the next monthly payment and each successive month thereafter ~reil mortgagee shall r,otify mortgagor of a change in such amou~t. Such sums sha!! be applied by mortgagee totivard the payment of real preperty taxes, insurance prem;ums, and mortgage guaranty insurance p~em~ums. IN V1ITNESS `d~HEREOF, the sa:d h10RTGAGOR has hercunto set his hand and seal the day and e r first aforasaid. ~gned, Sealed n efivered in the preience of: ' ~ ~ ? " 'YY'~2~' (Seal) : tne s s ame s in s e r ~Sesi~ ~ y ~ ~ ~.-L~ f ~ (Seal) 1 it ess a~ ae inqe (Sea?) STATE OFfL~/If18/4- LOLl918T18 ` COi1NTY OF BeaurP~ard Parit-ish ~ ` ~ Befcre me personally appeared Jame s~'i , K lil8 E T' _ and ~ - _ E 1 t a M8 e~{ ~n q e r his wi fe, to me we l l krtown an d known to me to be the individuats described in and who executed the foregoirt inslrument, and acknowledged before me that they execufed the same for the purposes therein expressed. And the said E 1 t 8 M8 e~{ in s e r wife of the ~aid J e ine s Ci . K i n s e r ~pon a separate and private ~ examination by me taken separate and apart from her said husband, acknowledged to and befo~e me that she executed said instrument fr~ely and volun- larify and w~thout any computsion, tonstrairt, appr nsjorupr fear of or from said husband. JL_. ' WITNE55 niy hend artd officiat seat this day of A. D. 19 ~ f ~ ~ • - - Notrry Public in ar.d for the State of FfNide-al lnrge ~ : ~~q Lo.'~ . _ My Commission ezpires: P • ~ ; . = ~t . , f ` l i~ ~ fitst• f~detai S;viwQs b to3n Aisociat:on w~ ~:or FQ,r.,~'.~,~.'_' FILED ANO RECORDED ~ , ; ~o~'~ ~ R"rerc8; ~Florida' I r! ~L ~~,i t'*._. O O K . ~ . ~ i ~ : . _ i , ; . -G'~c-~~.c~~`_ _ - - : - ` 't~6 ,l tr! 3 I P~{ 2 : 5 ~ - : . _ . : - 4 _ ; ~ ~ . . _ ~ - ROGr f: _ ~ L.L~i~K - . ~ ~ . . ~ ST, LUCIi~ CGU~JTY, - - 4 FLOF2ID~Z : . ,_J ~ -~V,~ 4 BOOK~~I - - - ~