HomeMy WebLinkAbout1489 - - - - - . _ . _ _ ~ - -
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To plaa and ooeuMwwwy 4Mp on tM buildlnp~ now a M.~aftK ~itvs» on satd land and on ~II pv~RrnMt a~d p~nonally covM~d b~l ~N~ nwrp•
p~, witA dl pNnivms tl~~on p~W tn iull, fih inswae?a in ~M vswl st~ndKd polky forny in • swe ~pproved by tM MORTGAGEE, u+d wk?dstam
Maw~na in tM uwal s~anda.d PdK1? fvm?, In • swn ~pprov~d b~r tM MORTGAGEE. in wch company w aornpan;e~ a~ ~h~ IkORTGAGEE ~way
dincq and al) fk~ and windNonn ka~rant~ polici~s on a~y of s~id build;npa. ~ny int~nfl thK~in a pNt 1M~wf. In tl» p~p+q swn donsak! a
b uia~s tM.~of, slwtl can~ain tM vwal ~~andxd mortp+~ d+uw a such whu dww a tM Mat9+~ ~*+Y ~eq~?tn, ~kh~ th~ loas ~ew1N uid pdi-
eia. t+eh ~nd ~w.y. P+Y~bh w ~a1d MORTW?GEE ~s it~ letNest maY ~PP~+?. ~+d saeA a+d ~w~y wd~ poliey sF?~tl b~ pra~p~ty as+:qeKd and d~tiver~d ro
~+p Mld by wW MORiW?GEE a iw~hw s~cwity to wid mon~ap~ d~W. ~ryd. not t~ss N~rn hn (Iq d+y~ i~ advann of tM ~apira~ion of a~d? PoikY. ro dr
, tiv~ M aW MOitTGAGEE a r~w~l thKwf, ~op~tfiu wt~h ~ rsc~tp~ tor tM prmtwn of such rerwwalj and the.~ sh~ll b~ no P~n a wi~uls~am inw?~eu
plapd on any of satd b~riW4gs, u~y int~rat th~nin or pMt tl~~of, wd~ss in tM fonn and wi~h 1M Iws payaW~ a ~fw~said~ ~+d in tM ~vent u+y ~wn
; of ean~y b~con~~ p~YaW~ wdw wch poiky a polict~s saW MORTGAGEE sh+ll Mw ~h~ option w.eatw and ~pply ths s~ on ~oco~t of tM lndebted~
e»ss wcw~d I+K~r a b p~nnh sald MORTGJIGORS to recsiw +rd w~ it a anr part thereof fo. oti+e~ pwpos~s. withovt tAaeb~ waivinq a innpair- .
inp anY pvity. li~n or riphl w?da w by vtrtw of tNs mal~a9et a~d In 1M ~vant aid !1l10RTGAGORS aMfl for u~y n~~on fail fo k~ep tM said p~misss so
kaw~ or f~q b d.tiwr praenptly any of said poircias oi iravnna ro aid MORTGAGfE, a iai! promprM to paY fvtly •ny pnnniw~, ~h.•~fa a M+ ~r?r
nsp~tl fail to p~riorn~, d'ischu~. ~x~cvt~. ~ffect. compl~t~, comply rovi~h md abid~ by th;s cw~nant, a any part Mr~oi. s+id MORTGAGEE may pl~a an8
p~r far wd~ uauuno~ a xyr p~rt tM.aof wi~how w~ivirp a ~ff~ctl~g any option, lhn, putry. a ri9~~_ w~dN a by virtw of rht~ Maipaqe. ~nd ~l+e
ivN anwuat of eaeh ~ed ~v~ry sueh parmM?t sh~ll b~ inwned'~tty dw s~! p~y~bi~ and ~11 b~ar intsr~st from th~ dat~ ths~wf uneil paid at ~M wt~ of
nirr pK tMtum p~t ~evwm and toy~lhtr with suth leter~st shall be secured by th~ IiNn of tha mat9+p~.
4. To pNmN. cannN w wffa no wat~, imp+irnKnt a da~+iw~tion of satd prope.f~r or a~y put tiwrw~
S. To piy dl ~ed sinpular tM cwts, ch~?pa ur! ~xpensN„ tncivd'ug a nsson~bl~ ~t~arwy's h~ u+d ao~t~ of ab~nacli of Hfl~ MKwnd or paid at
~n~? tNw by wid JNORTGAGEE, beau~ a in the ~wnt oi tM fsiiw~ on tM pah oi th~ said MORTGAGOR b dvly. promp~ly and fvily p~?fan~ d'ach+~,
~x~cvt~, ~ffeq, ownpka. ewnpiy wi~h and abide b~r ead~ ~nd wery tM stipulations, ayreameet;, owditions„ uid oown~nts o! said promiuory noh u~d thi~
nwrtpa~ any or ~itha. u~d said o~ts, du~yes sed ~xpe~ua. t+cA ~nd wery, shall be Lew~ed;ately dw ~nd payabt~~ wM~Mr a not tMn b~ no~ia d~
m.nd, an.mp~ ~o ooll.n or s~ P~nd'ug~ a~+d ~M fu11 of .uh .nd .wry wd+ p,ym.n~ ~11 bea. ~ntensr fron~ ~h. da~• tlw.ot v+,r?1 pab a~ rM
rate of nine pN csntum pa ~nxKn; ~nd ~II said costs, duryes and expN?u~ innxnd or paid. top~tha with such IruNa~, shall b~ savred bp tM liee of t1~H
enap+p~. .
b. TMt W in tM ewnt of airy brexh of ti+is Map~ or dlfwlt m th~ put of the MORTGAGOR, o~ (b) In th~ wM~ n~y of aid q~ns of ~
hKeM~ hhn~d ro b~ oa promptly and fvlly paid within tMrty (30) daya n~at after tM sam~ s~ve~atty l~co~,~ du~ and p~yabl~. wtthovt demrnd a notke,
w(~ tn th~ ~wM eaeh and ~wry ?h~ stipvlatioia~, ayr~?ts, tondtions and eowMnb of sa~d pran'~s~wy not~ and this eno~t~a~ ae~r w atl~r ve noi
~ ~vly, pranpti~r aod fully performad, dacM~~ed, ~x~cvt~d, affed~d, oompt~t~d, compl'~ with and abided ry, tMn in ~ithM a am wch wsnt th~ s~id ~p. .
pra9at~ wm rtieetion~d tn aid promissory raN tl~er~ r~matnLg wy~aid, witA lnt~rest ~ccrued, and all nwMys s~cwed hK~by, sMl) beeane dw and pay~
abls to.tMri~h, or tMn~Aa, at tM option of saW MORTGI?GEE. as fuly ~nd eanpi~t~ly a H~11 of ~h~ s+id swm of na~Ky wen or~px,aiy sr'~puuted '
fo b~ paid on wch d~y. +n~rthinp h s+id pran~ssory +~or. a in ihis Morrgay. ro~M conrrary eonvtda~ar~dirgr snd rh..«,pon a ~he?.ah.r ,f rh. op~ion of '
•sId MORTGAGEE, withouf no?ia or demu~ wit at Iwv a tn pvitl/, thKefon w thawh~. ba~vey m~y b~ p?oa~cvrod a if dl mon~ys s~cvr~d Mr~by
had m~tured prio~ b ib batitutipn.
7. 1Mt in tM want thaf at tM bs9hw+irg d o? at ~ny tin~ pNdinp sny wit ~pon thh AAat9ag~, w to loreclos~ k. or b nforrn B, a to Mlo.u
P+Ymen? of N+y daLns herev~d~i taid MIpRTGAGEE shalt ~ppijr to ths Court 1?~v[np iw~sdiction thersof fw th~ appoinlm~nt of ~ R~utvw, wd~ Court shall
forthwith ~ppoint ~ noeiver of aaid mortpaped propKtr ~11 and sinyvlu, inchrd~ng ell ~nd ~inpul~? tM hecom~, "profits, issws ~nd nwnws from wMt~ver ~
wwa clKivad, ~ach and every of whkh„ ir beinp ~~cpros~ty wida~food, b hacby nwlrtpaged as if specifically ~st fath and daaibed in tM p~antbg ~nd
h~be~xlwn clw~es MreoF. a~d such Reuiver sMll h~w ap tM broad ind effectiw functions and pow~rs in Mywi~ entnpted by ~ Cou~t to a Rtceiwr. and ~
wch ~ppointm~M sh~ll be nude by ~uch Cwirt as M admitfed eq~ity snd ~ matar of absotws ripM _ ro said MORTGAGFE, a~d wnl~o~n ~dere?~ce to th~
ade~qvaty o? tnad~qwcy of tM valw of the p~operry mortq~y~d o? to the aoNency or insdvency of said MpRTGAGOR a tM defendann, and that wch
nnta. Profita. tncom~, itwes aed rwe~ws sh~lt be appli~d b~r wd~ Rec~iwr aaord'ug to th~ 1'ian a equitr of said MORTGIIGEE u~d the pnctioe of wch
Coat.
s. To dv11?. P~~Ot~Y ~~Y p~onn. dbch+rp~, exsM~ sffecl. oanPteq. eanplY with ~d abW~ by ~ach and rwry the stipv~+tlons. ap~seen~eM.
aond~niau and eoveuann in s.id proeni~s«y not• and lhis mo.~ga~. set forth.
9. Th~t In tM went tM orvnanhip of tM mort~~pad Promis~s. o~ aMr psrt tha+eof, beoomes veshd in • qeson other Hwn th~ MORTCsAGOR. tM
MORTGAGEE, Ns wcoesson and auipra, er+ay, without nwics to th~ 1NORTGAOR, deal with sucA wocessw a wuessw tn interest with refe?~nce to thb
mwta~t and tM d~bl htreby ascwed in th~ s~ mK~t as with Mottg~gor withoul in aey way vitiatinp a diuFwpinp tF» Mwlyagors' IAbilify IN?e-
under or vpon tM debt I+ereby s~owed. No saN of tfi~ p?emi~es he~eby mo.t~~ged an~! no forb~arance a? tFr put of tM MORiGAGEE a its wconsas
a ~ssigos aad no ex~a~sion of the tun~ fw the paymem of tM debt he.eby s~cured 9ivsn by th~ MOR7GAGEE a tts wcosssas a ~ssipns, ~Iwll opaat~
b nlsaa~, dischuy~. nadify ch~ng~ a ~ffect th~ orgwl liability of th~ MORTGAGOR herelq, ~itiia in wlwb a h put.
10. It b Epecifiully ~yre~d that ti~ne fs of the est~nc~ of this ooNract and tl»t no wdwr d~ny ob~ip~tion M~nder or of t!r oWlparion s? +
w?~d Iwreby sh~U at any time M~ertafia b~ held to b~ ~ waiw~ of tM terms hereof a of tfk irot~ument sscw~d hpby.
I1. In add~~ion to tM fwe9o:n~J"°^thh WY~n of princ:p.l u~d inrerest required by ths proma~ory rwrs secwed hereby, mwf~+por oove~~s
~nd ~yrees to pay to moNya~ with each monthlY psyment an additiaul sum estims~ed by nqrtyape~ to b~ ~qusl b 1/t2 of the anrwal oost of ths fdlow~- -
A-All rwl propKty t~xas Iwied or ass~asad ayst~ut the above dewtbed resl esute.
d-Premiuero on fin ~nd wirnlstam+ irou?anos as huein requued to i» carrkd on tF~t imp~ovem~nb situab on tM ~bo~w desalbed pranhes.
, C-Premiums on wch mon9aQs yw~+^tp iruvrance ~s mwtQ~ee sMlt from t~ to t6ne dean+ fit to urry on tM loan acwed Mreby. .
Mort~ape~ slutt tran time to ti~ne norify mortgayw in wr;t;r~p of the amoueit dw aed p~yablt herew~dsr ~nd such svm shatl there~pon bs dus ud
payabb on rt» dw date of tM next momhh psymenr .nd each s„ccessiv~ n,a,th there~har u~~il mo.tysyes sh~tt noti
amarnt. Such sue~s shall b~ applied by mwto~ toward the payme~t of r~at ta~ns, &~wra~ce ~~°f °f • dunp~ In wch
WePKb M~?'~+~, and morfpaQ~ ~vannty iewrrant~
W~mk?n~s-
IN WITNESS WHEREOP, th~ wW INORTGAGOR ha herwnto sN his hsnd a~d se~l tM day ~and ~rear fkst ~foresaW.
^ S~i S Md and d~tivend i~~ of~ ~
i
arover C. Darbam, a do~t;
~--n
ttn
STATE Of fLORIDA ~
courm oF St. ~3:0{ ~ ~ -
e.fo.. m. pK,w~dtp ,pp.,~.d (~r~ver C. ~rhH~,~ t~aidax~r
tM Md'~vidwl~ desa~ed In ad rvFw ex~arhd tla fonpoirg bananent, and ~rwNe, to ens vwlf known +nd krwwn b i+ie to b~
acknowkdp~d befon me tMt .~l~ey. ~x~o,r~ed th~ ssmt fw tl» {xnpows
tMrlin exprsssed. ~IIw~tIN.ML
~wN~.~f.flw.tsi~
. ~ruww+MiwrYyrn~.takM~~p~rd~.awi~wi?f~w.Mt¦.s~fiJ~wMw~~d~wi~iM.~wid~.b~f~~w~IIW~Mr~wiMiNili+rtwr.M~~~~wY~
W~~ w+~11N1? M1r'p~l~~{ti~~M yOQfM N~fAll~ ~0' M~KMwt~?
WITNESS my ha~d «+d official seal d+Y ~ <<'~'~ l1. D. 19._..~.
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~~y(~~?'~ r~ sry~ and fa th~ SI~» of fbrid~ at larp~
R~ T~ ,~.F~ ~ltOtary Pubt'~c. State of Florida ai Lar c
My Commission Expires Nov. 3, 19G5
Rm F~d~al S~vugs i t,o~n Aswd.tion , n~s,D e~~n nt~' ~ Bondsd by American Suroty Co. oi N. Y.
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