Loading...
HomeMy WebLinkAbout1875_ _ . ~. a1fRl~ ~~ ~,+GL ~J~~. 3. To place and contlresrOwly k«P an rise bvtldtesga rsety ar hsrrc•} :' slew/e an said tervf ttrsd ex's all equipment and pNav~aUy covered by this rnortp• eqe, with aN premiums thereon paid Ns }uFl, fka ±tiiwrpsca In the oases) staetderd politcy form, ~ e win approved by tM MORTGAGEE, end windstorm Insursr,c,r In tM ~u.;al startdatd polity ftsren, In t sum s~pro+nd ilry tM MOi:TGAGEf, 4n esrcft ern+peny rX companies - » -the MORTGAGEE may direC.; and all Fitt and wirsrislerm Mxurertae polikiaa ors ~p`Y of Nid ~~++~. wY hrMeat ti+xein a pars thsrtsoi, M the aggrsyatt win aforesaid or In •xcea therwf, atoll contatn tfst usual eiarda.-d mor+gagess cbwaa or surfs otkar tlevetr at tM MapapN tte.y require, malstng the Loa under said polf_ rice, each and every, payable ro wW NtORTt3I1GffE u 1» 1rtNveN may appear, and weds and wary weh policy shall be aromPtly asaigr»d and detivetad to any Mld by aid MORTGAGEE sa furtfser betsrrlty ro said moetgege debt, arxf,,swt ba tlsan ten {IO) days In advasw of tM expkasion of sac polity, to dr• liver to wId MORTGAGEE a rw+ewa! Rsareof, ropethK with a ~eotslpt fa the QrestllWn of weh rtrseweir and tMn atoll ti rso fin or windstorm insvranct placed on any of Bald buildings, arty irsterasi tharstirs w part thereof, vntd! In tM form arxf with tM loss payable at aforealdr end In the went any win of nwney beeotnea payable under avc)s pocky or policiq said MORTGAGEE shall have the option to receive and apply the same on account of the indebted- ness sKUrKI haatby cw to permit lard MORTGAGORS ro receive and r»a It of any part tMreoi for other purposes, without therehy waiving or impair- ing any equity, iien or right undt- a by vTrtw of thN'thortype; and In the •wrt aafd h?ORTGAGORS atoll for any reason fall to kelp tM s.id premises so insured, or fall to dellvor promptly any of aid polkias of Insuranu to sold MORTGAGEE, or tail promptly to pay fully eny premium therefor or in any respect fall to perfume, dltscMrge, •<ecvts, affect, CompltN, comply with and -bide by thi• covenant, or eny pert htrwf, said MORTGAGEE may place end pay (a such Irowtreee u any part thereof without walvheg u effeetirp any option, thn, equity, or tight under or by virtw of this Mortgage, and the full amount of each and wary weh payment shall be immediately dw •nd Qayeble and shall beer tntsrest from tM daN thereof until paid •t rM rate of nine per centum per annum and togetMr with such intarat shall be secured by tM Nan of shit mortgage. ~. To p-rmit, c»mmlt or suffer no waste, lmpalrrnent u deterio anon of sais~ propery or eny part tMreof, S. To pay ell and einpvlar tM coats, charges and •xptnses, inetudireg a reasonable attorney's fee and roars of abstracts of title, Incurred or peed at any tim• by acid MORTGAGEE, because u In the avant of the failure on the pert of the laid MORTGAGOR to ~dvly, promptly •nd fully perform, discharge, •xecutt, affect, complete, Comply with and abide by each and awry tM stipulations, agreements, conditions, end cownanb of said promissory note end this mortgage any or eitMr, and said costs, cMrQes and expenses, each and wary, shall ba Immedlateiy dua`and payable; whether or not there be notice da mend, attenept to collect u wit pending; and the full amount of each and wary such payment atoll bear Ingrat from tM dat• thereof until paid et the rate of nine per cantum per annum; and all said costs, charges and expenses irxwred u paid, together with such Interttif, -hall bs secured by the Ilan of this mutgage. 6. That (a) in tM event of any breach of this Mutgege or default on tM part of tM MORTGAGOR, or (b) in the avant any of said sums of money Mre1n raterred to bt not promptly and fully paid within thirty (30) days next after the tams severally become due end payable, without demand or notice, er (c) In tM event each and ovary tM stipulations, agreements, :onditions and covensnri of said promissory not- and this mcrtgege any or either era not fuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either u any such event the said eg• gregats sum mentbned In scald promiuory note then rtmalninq unpaid, with inNreU atuued, •nd •II moneys secured hereby, shall become due end pay able forthwith, u thereafter, at tM option of raid MORTGAGEE, is _fui!y and complattly •s if Stl of the said sums of money were originally stipulated to be paid on such day, anything in said promisacry note or in this Itbrtgage to tM <ontrGry notwithstendlrsg; •nd ihsreupon or thsrsefter at the option of said MORTGAGEE, without notice cr demand, suit at law or In equity, therefore or thereafter begun, may be prosecuted •s if ell moneys secured hereby had matured prior to its institution. - 7. TMt In tM avant that et the beginning of or •t any time pending any suit upon this Mortgage, or to foreclose It, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, Including aN end singular the income, profits, issues and revenues from what©ver source derived, each end every of which, it being expressly understood, la hereby mortgaged es if specifically set forth and described in the graining and habendum clauses Mreof, end such Receiver shall Mve all tM brood end effective functions and powers in anywise •mrusted by a Court to a Receiver, and such appointment shell be made by such Court as an admitted equity and a matter. of absolute right to aid MORTGAGEE, and without reference to the adequacy u inadequacy of the value of the property mortgaged or to the wlventy u insolvency of said MORTGAGOR or the defendants, and that sc•ch rents, profits, fncon», issues and revanws shall be applied by such Receiver ettording to tM lien w equity of said MORTGAGEE end the practice of such Court. 8. To duly, promptly end fully perform, discharge, execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenants in said promissory note end this rnortgag• set forth. 9. That In the event the ownership of the mortgaged premises, or eny part thereof, becomes vested in a person other then tM MORTGAGOR, the MORTGAGEE, its successor- and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this -mortgage and the debt hereby secured in tM tame manner es with Mortgagor wittsout in any way vitiating or discharging the Mortgagors' liability here- under uupon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearance on the part of the /~10RTGAGEE or its successors w assigns and no extension of the time for the payment of the debt heresy secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change u affect tM original liability of the MORTGAGOR herein, either in whole or in part. t0. It is specifically agreed that limo is of the essence of this contract end that no weivvr of any obligation hereunder o: of the oblige!ion sy- cured Mreby shall at any time thereeftsr be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payme.tts of prine'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each nwnthly payment an additional rum estimated by mortgagee to be equal to 112 of the annual cost of the follow- ing: A-All real property taxes levied u assessed against the above described real estate. 8-Premiums on fire and windtrum insurenct at herein required to ba carried o.~ the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgages shall from time to time deem fit to carry on the loan secured hereby. mortgagee shall from time to rime notify mortgagor in writing of tM amount due end payable hereunder end such sum shall thereupon Se due and payable on the due date of the next monthly payment and each successive month rheresfter until mortgagee shall notify mortgagor of a change in such amovrr. Such sums shall be applied by mortgagee toward the payment of real property taxes, insure:ice premiums, and mort~aga guaranty insurance premiums. - IN WITNESS WHEREOF, the said MORTGAGOR hat hereunto set his hand end soal the day and year first aforesaid. Sea ~ end livered in tM pretence of: ~ _ J ~ SeeIJ (Seaq (Seal) __ (Sea I) STATE OF FLORIDA St. Lucia u• rnuntty cr= _- -- --_-- - 1 Before me personally appeared Clifton C. Simmons end Jessie Simmon S hie wife, to ms well known and known to me to be tM individuals desvibed In and who •xecvted tM fuegoing Instrument, and ecknowledgad befua me that they executed tM same for the purposes therein expressed. And the said JA$8~8 SilTarlOriB wife of tM said lit tOn C • SiTrnnon8 upon a separate end private examination by ms taken separate and apart from her said husband, acknowledged to end before ma that rho executed said Instrument freely end volun- tarily end without any compulsbn, constraint, appr_hen ' n, u fear of u from ft6r said husband. - - WITNESS my hand and official seal thi ~A day of DeGO:Tibe ' ._..-, A(. p, )q b2 Notary Pvblk In and for the State of Fbrida at tarps My Commission expires: • . ~ .~P+ Sint f«f~rat.l=.Eiscc:.~aso<4Ywn >,l. Z: - , , . ~..~ ~ta~ ~ .: :;. ~r~~ " Notary Public, State of Florida at large h1y Commies on ExFires April 24, 1965 Bonded by f.mer,can Surely Co: of lJ, y, -,~ r` v G~ ~ ' ~ . i96z arc i o ~ 3: ~ ~ fi ~~ f> .~~ ` ~, ~' ~•. • ~ R~G~R pOyTRASr CLERK ~ ~ t 'i ,~)'~_ ~, °~ $T. LUC1E COUNTY, FlORiOA- ~ '~`': i~~3~ :~ '~;,rv` .. ,,,' rw, - ~'~' x.r. ~ e ~~