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HomeMy WebLinkAbout2537 " , ~<J.' of the original principal includiD<< obligatol"7 p81JIlenta may be paid in any one loan year without charge. Tbiepri.dlege is no~UIIlulative. The loan ~ be paid in tul1 during the first three ,.ears with a prepa,yment charge of ~ of the original principal amount, .~ pripayment charge if paid during the fourth through seventh ,.ear, 1% pre~ent charge if paid eighth thrnuih the tenth ,.e~ and at Par thereafter. iti ?ACEJS 1 Pr~ntm[.lt, protf'St. and notla: are hrreby waivtd, /s/ Tro,. G. Lee - -Troy~~e ___ __ (Seal) ( Seal) ...., hi MaI7_~liee Lee Mary Alice Lee . __(Sui) . ( Sui) l Statt' 01 FlnriJa JOCIIlIll'IItiU \ ~talllp~ III thf' alii'" II It fl'qllifl,.1 hy law a...' aifixf'J to the origillal oi till" iuregoing 1I0tf' i\lIlII'al"'f'It~11 pUr~lIallt to law,) .-\...1 ~hilll .Iuly. prmnptly alld filII} pl"riorm, Jischargl', t"'(l"..-ute, eHret, complete and comply with alltl abillf' by I'ill'h an.1 t'\'l"n thf' stipulatiolls, aKrn.'menr, ('ollllitiollS an,1 ('on'II;!'lIts of said promissOlj' 1I0te and of this mortgagf'. then this 11I01 t~aKl" all.1 tht' t'~tatt' hl'fl'b~ crt'att'll shall el'ast" 31111 hr nllll amI voitl. AmI the :\Iurtgal{or rUH'lIillll'i alld agrt'I'S to all.! wilh thl" :\Iortgagre as follows: 1. To pa~ tht' prim'ipal all,1 illtnl';.t allll tht' valinus all,1 Sllll.lr}' SlIlIIS IIi IlIOlll')' payablr by \'irtUl' oi said promis' Sill) Iloh' alld this murtKal{I' prulllptly 011 tht' ,lays Ihl' So'UIlt' breollle due and :\Iortgagor will promptly pl"rform and nHllPl}' ,\"lth radl amI t'\'f'r) otht'r eovt'na~ll an.! aglt"l'lIIt'nt ill said promissory nott' alllt mortgage, :?, To pav lilt' tax,'s, asst"'lIIl'lIb. Il'vil's, liahililit,s, ohliKatilllls allll illnlmhrallct"s oi l"Hry lIalurt' allJ kill,l 1I0W 1111 ,ai.1 .It',niht'd pruPt'rty. or thaI hf'rf'ahl'r may hr impoSt'd. sllift'rt'tl. plar...d. levird or asSt'sst,.1 tht'leoll, Ol Ihat hen', :,iln IlIa\' ht' Inil"t or ;""'1'''''1,,1 IIpnll this 1I1l1r1Ka~I' or tilt' ill,h'hll'lllll'SS st"l.'lIrl',1 hen'b)'. wht'lI .1111' ami payahh' accoT<lill~ tn law. ~fort' thl'~' hn:olllt' ddinljut'I1l, and ht'furt" any illtl'n'~1 ,Itlal'ht's or any prnalt}' is incurrt'd, an,l in~far as an~ Ihf'rt-of is oi rt'\'oflf tht' ~l11e shilll ~ prmnl'lh siltisfit"11 au.! .!iS4.'hargl'lt oi rt't'or.! allll tht' original oiiil'ial .1 on 1I111'nt nidl'n('ing such satisial,tion allll Jischargl' ~hall bt, plal'f'11 in the hilmls oi said :\llIrtga~('(' within tl'n .lays nt'xt ;.ill'r payml.'nt. The ...",enanB an.1 agrt'enll"nts in this I';uagraph shall n'lt hr applicablr to thr taxrs and assrssmrnts whidl art' to ht, pai.1 out oi thl' fUllds .!l'IlOSited wilh tilt" :\lorlgaK('e ulllt's.s hereinafter S<"t forth, ,~, '1'0 kl'l'p Ihe imIHn"t'IIlt'nl~ now l'xislinK or hf'n'after l'rt't..t....! on the morll:agf'd propt'rt)' insurrll agaillst lo,s by lill' ami olhn hazanis, l'iISlIaltil's ;uul nllltillgl'lII'il'S, indu,lillg war .Iallla~r wht'nt'\'t'r rt"Quir"'lf hy thf' :\IUl tgaK('t', iu slIch ::11I0Ullts illI,l for slldl pt'lin.ls as Illay hi' )'l''1': i 11,,1 h\ :\1nrt;::'IKt'I", All insuralll't" shall ~ canit'11 in compani..., i1ppHl\'l',1 h\. :\ I ort~agl'I' an.1 Ihl' poli,'il's an,1 rt'III'\\'als thnl'oi ,hall ht, hd.! hy' :\ I ortgagl"e and ha\'e attache.1 thneto sl:II11I:u.1 nHlflgagl'l' dallsl's ill ia\'or oi amI in forlll alTt'ptabl(' to thr :\Iortgal?;et" In evt"nt of loss :\Iortgagor will j!ivt' ill1n1f'.lialt' 1I0lin' hv mail 10 :\1tJ\t~a~I'l'. an.! :\1ort~agl'e ma)' make- proof of los., if not made prolllpth b\ :\ I 0; IKa;~OI, :111.1 t'adl in,ulan...' nlllll'allY "'1II1'I'nll'.1 is hf'rl'by authorizl'11 anll directed to maltr paymt'nl for S!ll:!. 10" .! ill'd h tll :\ I urtga~t'I' insll'a,l oi tll :\ 11lI1~aKor ami :\ I ortg::~"I' jointly. ant! th(' insural\l'1' prou'ells. or any part Iht'Il'- III. 11',1\ Ill' i,ppli,',1 hy :\ I ortgagn' al its ('Illillu I'itl\l'r to till' l\'llul'liun of tht" imlt'blt".IIII'SS ht'reby sn'ured or to till' ,,',[lIralion IIr Iq'ail IIf tl\l' PIOI1\'II\' .!al'la;.:t".1. III (,\TIII oi iOH'dosurt' oi Ihis 1I10rtKilKI' or othf'r transfn of tit It, to Ihl' """ tKa;':I,.1 plllpnl', in 1'"illgui,hllll'1I1 oi till' illllt'ht('.lnl'~' sl'cun'.! Ill'.t"hy, all riKht, litll' ami inlt'H"t oi till' :\Iorl' ;,::,.g"1 ill illl.1 III any iIlSl:lal\l'I' poli,'it"s th,'n in iorn' shall p:l"-S to the pun:haSf'r or grantl'f', .., 'I'll P"llllil, ,'II'lIl11il. III ,uih', nil wastt', illlllainllrnt or ,\t"tt"riolation oi sai.1 plopl'rty 01 all~ I'art Ihl'rl'IIr. 111 till' (,\Tnt of Iht' laihHl' oi tht' :\ 10rtKaKllr to kt'I'p tht' buil.lin~s on ""it! prt'mises alul those to hr l'n'l'll,.1 on sili,1 pn'mist's, IIr imprll\I';)I"lIh Ihnl'lIl1, in gill "I n'pair. till" :\Iorl)?:agl'l' may makt' such n'pilirs as in his dis.:n'lioll I\l' IlIilY .In'm III'C".,an' fllr till' propt"r pll'Sl'rLllion thl'rl'lIi alii I thl' full amount oi t'aeh ;1Iul evny Sudl paymenl ,hall be illlllll',lialel~ .111,' :In,1 pal ahh'. ;111.1 ,hall "t' '1'1'1111,.1 hy thl' lil'n of this lIlor!ga)?:t", 'i, 'I'll PilY all anll sinKUlar tht" costs, chargrs an\1 rxpensrs, including rrasonable atturnt')"s fee~, ('ost oi ahstrill'b Ilf tith' ;uIII titll' !it'arl'h..., incurrell or pai.! at any timt' hy the :\Iortgagre bt-cause of the failure on the part of thl' :\Iort, gagor promptl~' allll fully to pt"rform the agrrrmt"nts a 11I1 covenants of said note and this mortgage. anJ sai,1 I'o,b. ,'hargt'S anll expt'n..t:s shall ~ iIl1l11f'.liatdy tllIl' an.1 payahlt' and shall ~ srcurrd by thr lil'n of this mortgagt", alld Slll'h t'XI't'llIlitllrl's shall .!r;IW illt("rt'st at the rat... of t'ight pt"r ('("lItUI11 pn annum, h, '1l1at (a) in tltl' CHllt of any brt"at'h of this mortgagt" or drfault 011 th... part oi tltt" :\lortgi1gor. or (h) in thl' t'Hlllyl said SUI11S of mont'Y ht'rt"ill rcft'rre,lto hr not promptly and full)' pai,1 withoul demand or 1I0tic(". or (c) ia the e\Tnt thf' stipulations, agre('i\Il'nts, conditions allll COVf'nants of said note and this mortgage are not July, Prlll11ptl}, and fully pt"rformt'll, thrn in t'itht"r or allY slll'h t'\Tllt. thr said aggrcgate SUlll mrntioned in said notr tht'n remaining unpaid, with intl're!>t arum,.1 to that tinll", an.1 all mon...ys St"ClIre.1 h...rcby. shall become Jue and pa)'ablt" forthwilh, or tht'reafter, at the option of ~id Mortgagee. as iully and complctrl)' as if all oi tltr said sums of money wcrl' llriKinally stipulatelt to be- paid on sUl'h day. anything in ~id note or in this mortgagr to the contrar)' notwithstanding; :ulll tht'n'upon or thf'rt"ait...r. at thl" option of said ~lortgagl'f', wit:lOut noticl" or Ileman,l. suit at law or ill rquity, may Il(" prcN'nltt'.1 as ii all lIIonf'Ys S("Cllrt'tl herehy had matured prior to its institution. 7, The :\lortKaKI'" may, at an}tinH' whilr a suit is pl"nding to iorrelOS(' or to rrEorm this mortgagr, or to rllforl'l' all\' ,'bims at i~illK ht'rl'lIlulrr. arpl~' to Iht" l'Ollr! having jurisJiction ther...oi ior the appointment of a rreri\'f'r. and Slid, WlIlt ..hall forthwilh appoilll a JeCl'iver oi the prrmises and all othf'r propert)' covrrrd hf'rrby, incluJing all and ~ill;:lIJ;.r tr;,. inroll1\', Pllllits. 11'11", issul'S al1l1 rl'n'nuf'~ from whatevrr ~lIrct' dcrivrd, and such rreri\'er shall havr all Ih.. hroa.! an, I ..ffrl'lin' functions allll powas in anywiSt' entrusted by a cOUr! to a rrl'eiHr, and such appointlllent shall 1)(' l11a,Io, hy such court as all admittt',1 equity an.1 a mattt"r of ab~lutl" right to said l\lortgag...e, and without rrfl"rt'nce 10 tilt' a.!Nlllil\'\' ~r il1.1.tl'lluac\' of thf' valut' of thf' proprrt)' mortgaged or to thr ~Ivency or insolvency of said l\lort, K;'gor or tilt .ldl'IIIlanls, anti ~lIch innmlt'. profits. rl'lIts, isslIrs an,1 re\'t'II\I('S shall hr applil'.t by such rf'cri\'rr aeeor,ling III till' lien 01 this nllntgagl' a,"1 tht" prae!ict" oi such court .. X. Tht" :\ lorlgagor will gin illlm..oIiar.. nOlicl" \", mail to tht' ~Iortgag('(' of any conHyancr. transfl'r 01 l'hanl!;t' of O\\'nl'l~ltiJl ..t thl' prrlllisl's or all\' I'ropt"rl} ('overf'd ht'rf'by, -