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HomeMy WebLinkAbout2054 3. To plate and toMinuoualy ~.eep on the Uvi!dings no.v or hereafter situate on s3id land and on a!I equipment and peroonaliy covered by this mortg- aga, ~v:th all premiurr~ Ihereon pa~d in full, fire insurance in ihe ~sval stand~rd po!icy fo~m, in a sum appreved by the h10R~GAGEE, and tvindstorm insurence in tha usual standard poGcy form, in a sum approved 1~y the h10RTGAGEE, in such company or corr,pames as the h10RTGAGEE may d'+rett; and aU fire and w~ndsturm insura~c~ p~lic~es on any of said bui!d.ngs, any inttrest ~here~n or parl thereot, in the aggreyj~e sum aforesaid or in excess thzreaF, shall contain the usua~ standard mort~agee clause or such ofher clause as the hlortgagee may requ~re, making the lons under sa~d poii- ~ ciea. rach and everv. a3vab!e to said MORTGAGEE as its intarest msy appEar, and each and every wch po!icy shall be prom~tly ass gned and detivcre~ to .:r . - -t _..ti ,,.,i:.~ eny held hv xaid h10RiGAGEE as (urthzr security 1o said mortgage d~bt, anci, no~ iesf inan ien ~ivi uays ~~.~c~:- .~e exr;:~.:~:: - _ i liver fo said h1QRTGAGEE a renewal thereof, together with a rece~pt for the premium oi sucn renewai; a+~u ii~c~ecsi~aii :;e ~~a :i:~ ;::~:~s'~`:^ placed o~ any of said buitdinys, any imerest there~n or part th:rtof, unfess in the iorn.'and wi~h ~he loss payab!e as afa~esaid; and ~n the event any sum of money becomes payable undrr such policy or policies said h10RTGAGEE shall hava Ihe option to receivc• and apply ihe same on accoum ot Ihe indzbtcd- neu se~vred hereby or to permit sald MORTGAGORS to recrive and use it or any parf thereof for other p~rpcses, w+ii,out th~~~u~ \Y31v1t13 cr ~mpa~r- ing any equity, lien or right under or by virtue of ~his mo:!gage; and in the event sa~d h10RTGt+GORS shaU for any reason iaii Io keep ihe said Fremises so iniured, or fail tu deliver promptly any of said pol~cies of insurence to sa~d h10RTGAGEE, or fail promptly to pay tully any pre~nium therefer or in any respect fail to pe~form, discharge, execute, effect, complete, comply wi~h and abide by this covenjnl, or any part hereof, said 1.10RTGAGEE may place a~~d pay for such insurance or any part thereof without walving or a(fecling any option, lien, equ~ty, or rigF~t under o~ by virtue of 1i~is Alortgage, and the full amounl of each and e~'ery s~ch payment shal~ be immediately due and payable and shall bear interest trom the date thereof until paid at tha rate ol nine per ceNum per annum and to~ethrr with such intereat shalf be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairmenl or deterioration of said property ot any parf thereof. 5. To pay all ar,d sin~ular the ~costs, charges and expenses, including a reasonable atforney's fee and costs of abstracts of title, incurred or paid at any lime by said MORTGAG,E, becau:D or in the evept of the fallure on ~he pa~~ oi the said h10RTGAGOR to duly, pranptly and fully per(orm, d~scharge. _ . . _.:....i..:,.,.. ~..,oe,.,~„~a ~nnrllt~nna and cevenantt of said oromissory nofe and this ExaCU12~ eiTZCi, tOm~S2t2. CCmpFy ~::cn 37:J au.ue vy c~~r~ o~~v G.~. T.~.~- ,..r . mortgage any or e~~her, and sa;d costs, charge~ and expenaes, e~ch and every, shall be immediately due and pryable; whether or not the~e be notice dr mand, attempt to tollett or suit pending; and the tull a~nount of each and every such payment sha!I bear int•_rest irom the date thereof until paid at the rate of nine pzr centum per an~,u~r and aU saiJ costs, charges and expenses incurred or paid, together w~~h such interest, sFwll be secured by the lien of th:s mortgage. 6. That (a) in the event of any breach oF this Alortgage or defaull on ~he part of the h10RiGAGOR, or (b) in the event any oi said sums of money herein referred to be not promptly and fully paid within th~rry t30) days next afte~ the same severa!ly become due and payable, withoul demand or notite, or (c) in Ihe eYent each and evary the stipulations, agreemeNS, cond~tions and cover.ants of sa;d promissory note and th~s morfgage any or either are no1 ~uly, promptiy and fully performed, d;scharged, executed, effected, completed, complied ~vith and abided `~y, then in eilher or any such event the said ag gregate sum mentioned in said p~omissory note then remaining unpaid, ~vith interest accrued, and all m.oneys secured hereby, shall become due and pay- able fortli~vilh, or thereafter, at the option of sa~d 1:50RTL'iAGEE, as fully and complete~y as if all of tl+e said sums of money were originally stipu;ated to be paid on such day, anything in sa:d promissory note or in thi, hlortgage to the comrary not.vithstanding; ar.d ~hereupon or therea(ter at the opt~on of said MORTGAGEE, wrthout ~oticz or demand, suit at law or in equity, therefore or therea4ter begun, may be prosecuted as if all moneys aecured hereby had matured prwr to ~ts instituf:on. 7. That in the event that at the beginn~ng oi or ai any time pending aqy suit ~pon ~his (~lortgage, or to forec~ose it, or to reform it, or to enforce payment of any claims hereunder, said h10RTGi+G~E shaN apply to the Court having jur~sd~ction thereof for the appo~ntment of a Receiver, such Court shail fortFiwith appoiM a recei~er of said mortgaged property all and singvlar, includ~ng a!I and sinyul;r the income, profilt, issues and revenues from whatever source derived, each and every of which, it being expressly undersrood, is hereby mortgaged as if speciffcally set forth and described in Ihe granring and habendum dauses hereof, and such Receiver shall have alt the bread ar.d effective (unct~ons and powers in anywise entrusted by a Covrt to a Receiver, and such appoiMment shall be made by such Court as an admitted equity and a matter of absolule rght to sa~d MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to thc so~vency ur insoivency o( said 1.10RiGAGOR or the defendants, and that such ~ents. PrOi~ti, income. ~SSUeS ana revenues Si7aii [~z apNiie:: u~ su~i~ ne«i+e~ c.~~~u,:=y i~~:~ ~y__::.~ ~e ~y:~ a~~err_nr_cc _..a .~~.:~e „i .~~I. r'--' COUft. 3. To duly, promptly and fufly perforne, discharoe, execute, effect, complete, comply w~rh and abic!e by each and every the s!ipufaticns, agreemen?s, condi!ions and tovenan~s in said promissory no?e and th~s mortgage set forth. 9. That in the evem the ownership of the mortgaged prernises, or any part thereof, 6ecornes vested in a person other than the h',ORTGAGOR, the h10RTGAGEE, its successors and ass~gns, may, without notice to the h50RTGAOR, deal with euch s~ccesso~ or successor in interest with reference to this " mo:tgage and the d:b~ hereby secured in the same manner as wiih hlortgagor without in any way vitiating or d~scharging the 1.lortgagors' liability here- ' under or ~pon the debt hereby secured. No sale of fhe Fremises hereby mo~tgagPd and no forbearance on the part of the IAORTGAGEE or its successors or assigns and r.o extension of the time for the payment of the deot hereby sec~red given by the 1rORTGAGEE or its s~ccessors or assigns, ahall operate to release, discharge, modify thange or affecl the orig~nal liabil~ty of the h'~ORiGAGOR herein, either in whole or in part. 10. If is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunde~ or of the obligation 3e- cored hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumem secured herby. 11. In add~tion to the forego'ng montMy paym~nls of princ"pDt and inte~est required by the prom sscry no!e set~red h^reby, mortgagar tovenants and agrees to pay to mortgagee with each momhly payrn<nt an add~~ional sum esGmated by mortgagee to be eq~al to 1 j 12 of the annual cost of the follow- . ing. A-Afl real p~operty taxes levied or assessed agai~st the above desu~hed rea! estate. B-Premiums on fire and windsrorm irsurar.ce as herein requ~red to b~ carried on the ;mproveme~ts sitvate on the above described premises. C-Premiums on such mortgage guaranty insura~~ce as mortgagea shall frcm t'r,.e to time deem fit to carry on the loan zecured hereby. Mortgagee shall from time to time notify mortgagor in wr~t~ng of the amo~nt du^ and payable hereunder and suth sum shall tfiereupon be due and payable on the due date of the nexl monthly payment and ea:h wccessive month thereafter until mortgagee shall notiiy rnortgagor of a change in such amount. Such sums sha:l be applied by mortgag~e tov.ard the payment of reaf prop~rty taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN Y11TP~E55 V'lNEREOF, the said h10RTGAGOR has h~reunio set his hard and seal the day and year first aforeuaid. ~ igned, Sea and d ered in the presence o6 ~ 7• ~ /--L C.~. ~ ~.l`GGi~G/G' (Seal) ~ / (Seal) ~L ~ ~ L< , ~~7 ~ ="~~~G " 1J_`" (Seal) ~T ($eal) STATE OF FLORIDA ) COUNTY OF S}, I•U C 1 P Before me personally appeared ti 1 C~{ G p:'1 ~ ~ t~ and P a t r i e i a S U P. P T' L e ~ t~ his wife, to me well known and knov~ n to me to be the individuals describ=d in and v~ho executed thz foregoing instrumant, and ackrowledged before me that they executed the same for the purposes therein expressed. And the said ~8 T'~ ~ 8 ~ 7P ~'I'1 C - wife ot the said j`~ C r'1 f'• c t , vpon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and b~fore me thal sfie executed said instrument freely and volun- larily and without any computsion, constraint, apprehensio~ or fear of or from her said husband. WITNESS my hand and official seal this day of A. 0. 19~~. .1 'i:;, Notary Pub in and for the State,0~' ~ i at~l~rs¢~,, h1y Comm sion expires: ~ ;`.~i~...•.'.';r_"' {~!y " ` Retum 70: Notatry Publlc, Stefe' a~lqnrid~ ai-L•etga ; First Federal Savings d~ Loan f~ssociation q~JD OR~ED ~y Commis~~On Expins Aus. 6, 1967 oF Fo,, P;A,~e. FILED R~C a00}( Bondsd By American Sunty Co, of N,1~:= F~~. ~,3,~,, ~,o~,da ~ ~ a . a~j tEt~~ ~~y-~ ~ G/~ 4 - ~ ~ - ~ ~ ~ = . ` ~ . . ~ ~ ti~ ~r. " Zl~ti "L-~.~`"`-' r~ z`~ \ : cq - ~ ~ ' ' /j~ ' 09 . - 4~ t~==:-' . . . . . c~ 3 : , - - ~ ; , . , ~ 6 1 PM • . - ~ , : r~~= : - ~ G ~ 66 ~E ~ ~ •~J- - ~ ; ti;: _ , ~ r- _ : _L~~ { - _ - , ~~~E~ ;.uti : f:t~S. ~TYRK . ' ~ - - ~ • ~ _ • . c: - gT. ~UCIE COUN ~ ~ ~ ' FLOR4DA , . ; ,~y~ ' ' s . : B~~x~38 - ,'1~ , 248 . -