HomeMy WebLinkAbout2335 3. To piace and continuously keep on Ihe bui!dinga no.v or hereafter s~tuate on s3id tand and on ali equipment and pe~sonally covertd by ihis mortg•
e e, wi~h all remiunO Ihereon a~d in fuil, fire ins~r~nce ~n the usval standa~d polity (orm, in a wm approved by !he h10R~GAGEE, and windstom~
i s urente in the usual standard pol,ty torm, in a eum appro.ru i,y ii~~ Atv2iG~GCE, in ~u,h co :,p~ ~y o, :cnep=n:es ~s !h_ ~lnnrr`:4rcp ,.,ay
dired; and all (ire ar,d w~ndstorm insuranca polic~es on any of sa~d build~ngs, any interest therein or part th~reo(, in the aggregate sum aforesatd or
In extess Ihereof, shali contain the us~al standard mor~gagee clause or such other clause as the Mortgagee may req~ire, mal~ing the lou ~nder said poli-
cies, each and every, payab!e to said h10RTGAGEE as ~~i ime:esl may appear, and each ar,d every wch po~~cy shall 6e promptly ass qned and de!ivered ~o
any held by said l~IURiGAGEE as further security ta said mortgage debt, and, not less Ihan Ien (10) days in advance o( the expiration of each pol~cy, to de•
liver to said h10RTGAGEE a renewal Ihereof, together ~vith a reteipt for ~he premium of such renewal; and the~e shall ba no fire or ~vindstorm insurance
placed on any of said buildinc~s, any interest therein or pait ~hereof, unless in the form'and •.vi1h the ~oss payable as aforesaid; and in the event any sum
of money baiomes payable undrr such pelicy or poGcies saiJ A.10RTGAGEE shall have ~he option to receiva and apply the same on account o~ ihe indebted-
neis secured hereby or ro perm~f said ~.;UKII~AI~UKJ to reteiva anti use it or any par~ ~n•~:eoi i~r ~ii~i~i H~,E,u~ri, .~.~~~~o~~ t~ _c~:.~ ~~,,,~.~•,y c:~.r.:~:
ing any equity, liaa or right under or by virtue of this mortgage; and in 1ha event sa~d h10RTGAGORS shall for any reason fail to keep the said premises so
inwred, or fail lo deliver promptly any of s~id pol~cies of !nsuronce to said h10RTGAGEE, or (~il prompNy to pay fully any premium therefor or in any
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pey for such insurance or any part thereof w~thout watving or affeciing any opt~on, lien, equi~y, or r~ght under or by virtue of this :~lortgage, and the
fuH amount ofi eath and evzry such paymem shall be immediately due and payable and shall brar interrst frcm thQ date thcrco( until paid a~ the rata ol
nine per centum per annum and togethcr ~tiith such interest shall be sacured by the lien of Ihin mortgage.
To permit, comrnit or suffer no ~vaste, impairmeni or deterioration of said property or any part thereof.
S. To pay all and singular the ~costs, charges and erpenses, includ~ng a reasonable attorney's fee and costs of abstratts of title, incurred or paid at
any time by said h10RTGAGfE, becausp or in the evenl of the iailure on the part of She said h10RTGAGOR to duly, prompNy a~~d fully p~rform, d~scharge.
execute, etfecl, compiete, tomply w~th and ab:de by each and every the itipulations, agreements, conditions, and covenants of said promissory nole and this
mortgage any or either, and sa~d costs, charges and experxes, each and every, shall be immediately due and payable; K•hether or not there be notice d~-
mand, attempt to collect ar suit pend~ng; and the full amouro of each and every wch payment sha!I bear interest from the date thereof until paid at the
rate oF nine per centum per annum; and a~l said tosts, char5~s and expenses incurred or paid, together w+th such interest, Shall be secured by the lien Of th~~
mortgage.
C. Tha1 (a) in the event of any breach of this Rlortgage or drfavlt on th> pa~t of the h10RTGAGOR, or (b) in the event ar.y of said sums of money
herei~ referred to be not promptiy and fully paid ~vi~hin th~rty (30j days next after the sa~ne severalfy become due and payable, without demand or notice,
or (c) in the e~ent each and every the stipulations, agreemeNS, conditions and covenams of sa:d promissory note and th~s morlgage any or either are no1
~uly, promptty and fully performed, discharged, execured, effected, completed, complied with and abided tiy, lhen in eithe~ or any such event the said ag-
gregate sum mentioned in said promisso!y note Ihen remaining unpaid, with inte~e>t accrued, and all moneys secured hereby, shall betome due and pay
able fortliwith, or ~hereafter, at the option o( said A10RTGAGEE, as fully and completely as if all of Ihe said sums of money w•ere originally st~putated
to be pn~d on such day, anything in sa:d prom~ssory note or in this hlortgage to the contrary nohv;~hstanding; and thereupon o~ thereafter a~ the option of
said MORTGAGEE, without notice or demand, suil at law or in equily, therefore or lhereafter begun, may be prusecuted as if all moneys secvred hereby
had matured pr~or to ds institution.
7. Thal in the event thaf at the beginning of or at any time pending any suit upon t{iis hlortgage, or to foreclose it, or to reform it, or to enforce
paymeM of any claims he~eunder, said t.'ORTGAGEE shall apply to the Court having jur~sd~ction the~eol for the appo~ntment of a Receiver, such Court shall
fortFiwith appoiN a receiver of said mortgaged property all and singular, i~~dud,ng all and sin~ular the income, profi~s, issues and revenues from whatever,
ecurce der6+ed, each and every of whkh, it being expressly understood, is hereby mortgaged as ff specHical;y set forth and described in the granting and
habendum dauses hereof, and such Receiver shall have all the broad and effec!ive funct,ens and powers in anywise entrusted by a Couit to a Receiver, and
suth appointme~~t shall be made by suth Court as an admitted equity and a matte~ of absolute riyht to said A10RTGAGEE, and witho~t teference to the
adequacy or inadequacy of the value of the property mortgaged or to the so~vency o~ insolvency of said h50RTGAGOR or the defendanfs, and that such
rents, profits, incomr, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said /dORTGAGEE and the practice of such
Court.
8. Ta duly, promotly and fully perform, discharge, execute, effect, compiete, comply with and abic?e by e~ch and every the stipulations, agreements,
cor.ditions and covenants in said promissory note and this mortgage set forlh.
9. Tha1 in Ihe event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the
hiORTGAGEE, its suctessors and ass~gns, may,^withovt notice to the t~10RTGAOR, deal ~vith such successor or successor in interest ~vith reference to this
mortgage and the debt hereby secured in the same manner as wiih h1ortgagor v~;thout in any way vitiating or d~scharging the /~Aortgagors" liability hQre-
under or upon the deht hereby secured. No sale of the premises hereby mortgaged and no forbearance on Ihe part of Ihe MORTGAGEE or its successors
or assi~ns and no extension of the time for the payment of the aebt hereby secured aiven by the I'~50RTGAGFE or its suctessors or assigns, ahall operate
lo re!eaze, d~sthtrge, modify change or affect the original Iiau~Gty of the 1.'~ORTGAGOR herein, either in whole or in part.
10. It is specificalty agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
c~red here5y shal: at any time tfiereafter be held to be a v~aiver of the terms hereof or oi the instrument secured herby.
11. In add~tio~ to the forego:ng monthly paymems oF princ pa~ and interest requ~red by the prom;ssory no!e secured hereby, merlgagor covenants
and agrees to pay to mo:rgagee v:ith each monthfy payr::ent an add~rional sum estimated by mortgagee to be equal to 1/)2 of the annual cost of !he folia.v-
ing:
q-All real propertv taxes levie~' o: assessed agaiast the above desc~ibed real estate.
B-Premiums on fire and windstorm inswarce as herein reqv~red to be carr~ed on the improvements s~tuate on the above described prem~ses.
C-Premiums on such morlgage guaranty insurar:ce as mortgagee shail irom t'me to time deem fit to carry on the loan sewred hereby.
rllortgagee shaii hom t~me to time norify martgagor in ..rifing of the a.r,ount due and payab;e hereunder and such sum shall thereupon be due and
payable on tne due date of the next montfity payment and each successive month thereaft~r ur,til mortgagee shall notify mortgagor of a change in such
amount. Such sumS sha;l be applied by mortgag~e toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance
premiums.
IN Y~ITNE55 YIHEREO`, the said h10RTGAGOR has hereunto set his hand and seal the day and year firsl aforesaid.
igned, Seal and de " red in the p:esence of:
%
(Seal?
~ ~ ($eal)
(Seal)
(Seal)
STATE OF fIORIDA :
u.
COUNTY OF 5 t, !-U C 1 E ~ 1
Before me penonally appeared C Y'~ P, G t E 7' I: , Z'r? 8 l~ C~{P T' and
I:eona K. Tha la ek.e r his wife, to me well knov~n and knov~n to me to be
the individuals described in and who executed ihe fo:egoing instrument, and acknowtedged before me that they executed the same for the pvrposes
therein expressed. And the sa~a Leona K Tha ~aeker
wife of the said Ci~"=E~tE'T' L T?lalaeker vpon a separate and private
examination by me taken separate and apart [rom her said husband, acknow;edged to and before me that she executed said insirument freely a~d valun- ~
tarily and withovt any compuision, constraint, apprehensionJOr fear of or frorr her said husband. ~
WITNESS my hand and official seal this-~~~_ day of Februar~~ A. D. 19
's
Notary Pub' in and for ihe State of Florida af large
1~1y Comm sion expires:
Retutn To: {
~ First Federal Savings d. toan Assoc~asion ~I L E D A N D R E C 0 R D E D Notary PubNc, 3td1! of Florid~ it (~fgg ;
;.Q(,fpr Plerce. I~~ ~,~j__,~~OK My Commiss:on Exp;r~s Aug. 6, 1967
:~~t r~ ~~o Bond~d 8y American Sursty Co. oi N. Y.
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6S FEB I B P?~ 3. 53
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