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HomeMy WebLinkAbout0888 --~ COCOA O.R: e':8 .fGlf.':.'l 81~<< t.l H,t~ S T ! llCI[ L""'L''''~' 01'. . '- . ~ In, I,' ~~jIfo.. I t3G8HC 0<" 't )<-/ 'I Mortgage Deed - Florida '- - Jim Walter Corporation THIS INDEJI.'TURE, Made thB.,.. ,21.s.:t... ... _ ..... h_ dat ofh' "j:<'E'OI'l.lUry . A.D. 19 {)A., between 'h~ar l.t.on...st.ory...and.....Me~lL.--St{) ry .(llLs...Wi.fe.)h..h......... ....-......... ..-... of .m._..nSt..L......Luci,e.............m......._........ County, Florida, hereinafttr called Mottglgor, :uJd JIM W ALTER CqRPORA TION, a Florid.. ~atioo. Tampa, Florida, herdnafter ~ M~, WITNESSETH: 1bat Mortgagt>.. in cons ide radon of the mUN&! COVelWlts Ilnd conditioIU contained and of (){h~r valuable con. sideration delivered by the Mortgagee to the Mortgagor, r<<elpt whereof is...tll~reby acknowledged, d:>es hereby gram, bargain. sdl, usipl, tralUler. COOyey and confirm unto Mortgagee the property situAte in ......~~t....L\l<;.Lf. . ..,h...........__... Couqry, delCribed u: Lots 3d and 59 in B10ck B, L. W. l<lt. l~ht:reol on file j n 1-1 'It rul'lic l<ecord;.3 oi' :~t. L\l~ie !1~ (-IP Um.j 'l~ nook 9, l'l:~C Count,v, i.10ri1n ~'pr l ~; , it 9'1 1M PAYMENT or TAXE~ RECI!IV!D , "INTANGIBLE PERSONAL PROPE-RTf. DUE 0"1 CLASS ~A"TER 20n". ACTS OF 1941, PURSUAHT TO C , '... ROG'R 1'0nRX~. Clerk CIrcuIt ,-curt A ent for Cums M. JAMES O~ 9 C ~Iect r St. .lJJc;;cou;t~ :ax (~ft: ay-Z;~ ~ Df.P;Y'C~AA q ,"\ 0 TOGETHER WITH all and singular the ways, easements, riparian and orher rights, and all tenements, hereditaments and ap- punenances thereunto belonging or in anpvne appertaining. and all buildings, 5tnlctures and other improvements now on said land or that hereafter may be erected or placed thereon. and all fixmres attached therem and all rcnts, income. issues and profits accruing and to accrue therefrom, TO HAVE AND TO HOLD the above described property untO the Mortgagee, itS succt:SSOrs and usigns. The Mortgagor hNcby covenantS with the Mortgagee that the Mortgagor is lawfully seized of the fee simple tide tv the abo....e described property and has full power and authority to grant, bargain. sell and mortgagc rhe same to the Mortgagee: that said prop- erty is free and discharged from all liens, encumbrance! and claims of-every kind, including tues and ~s.essments; th,u said Mort. gagor, his heirs. legal representatives and successors, shall wurant and defend the title to said property unto the Mortgagee against the lawful cIaim$ and demands of all persons whomsoever, and will make such further assurances to perfect the fee simple tide to said property in the Mortgagee ~ may be reasonably required. PROVIDED ALWAYS, and these pr~lItS are upon these express conditions, that if Mortgagor shall promp:ly pay to Mortgagee one certain promissory note, even date herewith, made by Mortgagor to Mortgagee in the principal amount of . qLtl2 Q'-..: bl' hI' . l1m of '()L) q" h \.-1 ' 11m be' d d ~__ _.. .L _'"'..............., .....___ paya e an mont y lO.ta ents f ._ t, \,.0 , .. cac ,tll<: ast 105ta ent 109 ue an payable 00 ...m5....Al.'l:.:Ll......___......_OUUOh. 19..75., and until full payment thereof, or ~,ny extensions or renewals thereof, in whole or in part, and payment of all other indebtedness or liabiliry that nay become due or owing l~reunder and secured hereby, shall faith. fully and promptly comply with and perform each and nety other covtnant provision herein on the part of Mortgagor to be com. plied with and performed, then these presents shall be void, The Mortgagor further covenants and agrees with the Mortgagee ~ follows: To pay the indebtedness recited in and evidenced by said nore and any extensions or renewals thereof, and 'IU other indebtedness or liability hereby secured, howevtt created or evid~nced; to pay all taxes. assessments, levies, liens and encumt.rances of every kind and nature on said property and upon this mortgage and note and the monies secured hereby promptl} whm due and before de. linquency thereof; to pay all costs and expenses incurced or paid by the Mortgagee in collecting the indebtdness hereby sccuf(.d or in e'lforcing or protecting the rightS and security of the Mortgagee htreunder, includin3 reasonable attorney's fee if placed in the h:..'!ds of ~n atcorney, whethel collected by foreclosure or otherwise; to keep all buildings and stnlcruus now or here;lfrer erected upon the mortgaged tlremises, constantly insured in an a.moum not less than the principal amount of the note aforesaid against all loss or damllge by fire. windstorm or tornado and water damage, as may be required by the Mortgagee, and in a company or com. panies acceptable to said Mortgagee. All said policies and renewals thereof shall conuin standard mortga'5ee c1~U5es with or without full contribmion as the Mongagee shall require, and in such form as shall be satisfactory to the Mortgagee by which any loss or d:...'!!~ge ueder said policies slu.ll be payable to the Mottga.gee as 'its interest may appear. It is funher covenanted that the Mortgagee may advance monies that should have been paid bi MortgaF:or hereunder in order to protect said property or the lien or security hereof, and Mortgagor agrees without demand to forthwith repay such monies, which amount shall bear interest from the date so advanced until paid at the rate of six (6%) per Cent per annum and shall be considered as so much additional indebtedness secured hereby; but no payment by the Mortgagee of any such monies shall be deemed a waiver of tht: Mortgagee's right to declare the principal sum due hereunder by reason of the default or violation of Mortgagor in ;l.,iiY of his covenantJ hereunder. The Mortgagor further covenants to keep said property and the buildings .'ow located thereon or heft', ~ler to be erected thereon in good re~ir and to permit, commit or suffer no waste, impairment or deterioration thereof. and to comply strictly with all laws and governmental regulations and rules aff.:cting ~id property or its operation. It is further covenanted and made the essence hereof that in nse of defaults for thirty days in tre payment of any sums of money to be paid hcl'eundu by the Mortgagor or in the performance of an}' of the covenants herein on the pan of the Mongagor to be performed, then it shall be optional with the Mortgagee to consider all unmatured indebtedness or li;.bility secured hereby. including any additional swns hereunder ad 'anced and secmed hereby and any in'erest clue thereon. as im:nediatelr due and payable:. withom demand and wi~hout not;ce 0' declaration of said option, and the Mortgagee shall have the right forthwith to institule proceedings to enforce the collectir:>n of all monies s<<ured hereby including the right to foreclose the lien hereof. , '----- " ~/ -).~...- .~-{'~