HomeMy WebLinkAbout0353 And 7did Mortgbgor3, Yor ~nen,se+~rx enci ihelr h~irs, tega: representatrves, ~~ctetfOrs •nd estigm, hereb. ~ointly end ~everat;y covmant sr.d ~yr~e
io and wifh the iaid MORTGAGEf, n~ succeasors end asiigns:
i. Ta pay all and finguler rhe principat and intarest and fhe varioue and >undry sum~ of money payeble by virtue of ieid prom~f~ory note, ~nd ~hi~
martgege, each •nd every, promptly or. the days retipec!iraly the same severatly becoms due.
2. To pay •II end ~ingular the taxes, ae~es~ments, leviei, liabilitie~, obligations snd ~ncumkuances of every n~ture and kind now on ~aid de~cribed
property, ar thst harc~ft~r may be imposed, suffered, pleeed, levied, or ~u~i~ed th~reon, ~Dt th~t hereaft~r mey be leviad or p~~~a~d upon thi~ Morty-
aqa, or tl+~ indabtedness secu~ed hereby, each end every, when due a~d p~yabl~, sccadiny ro law, b~fore they become drlinquero, ~nd befor~ ~ny inttr~si
attache~ or any penalty is incurred; AND INSOFAR AS ANY THEREOf IS Of RECORO iNf SAME 3HAll BE PROMPTIY SA7lSFIED AND DISCMARGED Of
RECORJ AIVD THE ORIGIN~I OFNCtAL OOC~MENT (SUCH AS, FOR INSTANCE. THE TAX RECEIPT OR YME SATISPACTION PAPER OFFICIAILY ENDORSED
OR CERTIFIED) SHAtL BE PIACED IN THE HANOS OF SAID MORTG.AGEE WITHIN TEN ~AYS NfXf AFTER PAYMENT, and in thc event that a~y ther~of is rwt
paid, set;sfied end diacharged ~a:d MORTGAGEE may at any time psy the ssme or any part thereof without waiving or •ffectiny any option, li~n, equity or
.iqht ~nder or by v~rtue o{ th~~ mortgage and rhe full amount of each and every such peyment sh~ll be immediately due snd payable and ahall bear intor~st
From the dati thertof ~mil peid at ~ate af ~ight per tentum per annum snd toqerher with tuch intere~t ihaN be sttu~ed by ~he lian of th's morqtap~.
3. To plap u+d eonttn~ovaty kMp on tM butldinyt erow o~ her~ak~r ~}tv~t~ on ~~k! I~r+d ~nd on ~II ~quipm~»t ~nd p~nonally tov~r~d by th3~ mori~
pr, with ~II pr~miunu tMr~on paid i~ full, fir~ Iruur~nc~ in th~ uawl atrnd+~rd palicy fprm, +n a wm ~pprov~d by tM MClRTGAGEE, and wind~tam
imvra~w 1~ tfi~ ~sw) st~ndsrd policy tam, In •~um ~pproved by th~ N10RTGAGEE, tn ~uch company w comp~nin ~t rh~ A1pRTGAGEE m~y
dlr~ct~ and ~11 tir~ ~nd windstorm Guurance policiq pn •ny of seid buildinyi, ~ny int~r~et th~rfin ar pa?t thereof, f~ tM pyrep~t~ ~um afw~id or
In sxpa tlwwf, shall cont~in tM usual st~nda~d mwty~~ tl~va w~uch o~h~r t~~vp ~s th~ Mortp~qN may rpu+r~, makinp tM loa und~r s~id pola
cfN, rath and`w~ryr, p~ye6le to ~~td MOR7GAGEf ir~ int~rat may ~pp~u, ~nd srch ~nd svery wch policy ~fi~ll b~ prarnpHy ~u,yn~d ~~d delrvsr~d to
~ny h~td by wid MORTGAGEE funher aecurity to ~aid mor~qp~ d~bt, •nd, nOt les~ than tan (10) day~ in adwnce of tFu •xpintion of Nch policy, to d~-
Ifwr to Mid MOR'(GAG@E • renewal thereof, topetMr with ~ rx~ipt for the pnmium of wch renaw~l; a~d rhere thaN b~ rw firs ur windstorm insur~nc~
plac~t! on ~ny of uid bu~ldir,q~, •ny interest ther~in w pan thenrof, unitsx in th~ form •nd with the lott payab!e ss sfores~id; •nd in tM •vsnt sny ~um
of mon~y betpm~~ pay~blt under ruch policy or policie~ uid MORTGAGEE shall hav+ th~ option to retrive snd appfy the aama on ~cco~nt pf the fndebted-
r»u ~acur~d lwrtby or ra permif said MpRTGAGORS to receive •ix! uss !t or sny pert thereof for o~her purpases, without thereby waiving or impeir•
Irg ~ny ~quiry, li~n w riyfit und~r or by virtw of thi~ mortqaye; and in the ev~nt uid MORTGAGORS ~hail fw •ny re~so~ fsil to keep th~ s~id prem:se~ ~o
Irtaur~d, or f~(I to d~livar prompt(y any of taid policiea of insvr~nte to taid MOR7~'iAGEf, or fai! promptly to pay fu)ly any premium therefor or in ~ny
tnp+ct f~il to p~rform, discherqe, aaecute, effect, complete, comply with and abida by thi~ tovenant, or •ny part hereof, ~sid MORTGAGEE m~y place and
pay for •uch Iruuronc~ or any pa~i thereof withaut weiviny or ~ffectinq a~y Option, Ifen, rquity, or right undar or by virNe of thi~ Mort9aq~, •nd th~
full ~mount of ~ech ~nd ~v~ry ~uth payment shell be imm~di~tely du~ and p~ysbl~ •nd ~h~ll be~r intereit from the dete theraof until paid st tha rate o1
nin~ p~r tenta~rn p+r annum end toget(ner with such interest ~hall be secured by tM li~n of this mwt9~ye.
To pem+it, commit a suffar no wests, Impeirment or detorioretion of uid property or ~ny paA therenf.
5. 7o p~y all •nd 4inqulu tha to~ts, tharpef •nd expenses, intludiny a re~sonabte aNOrney's fte •nd costs of abstradt of title, Incurr~d or paid ~1
any tima by aid MORTGAGEE, becausa w in the event of th~ f~ilun on th~ wrt of th~ s~id N10RTGAGOR to duly, promptly~and fully perform, diacharg~,
~x~cute, eff~tt, completa, compiy with end ~bide by each ~nd every the ~tipulation~, ~qre~m~nh, condition~, •nd covenlnt~ of ~~id promtsx~ry not~ and this
mortqrpe ~ny or si~hrr, end aa~d co~», thar9e~ and exp~nses, sach and evsry, tMll bs immedi~tely due and piyeble; wMthar or not tFur~ ~ notic~ da
mand, anempt Po collect or euit pending; and ihe full amount of esch and every ~uch payment ~hell besr interes+ from th~ dat~ thrreof until p~id at th~
rste of nine per centum per •nnum; and all said cosrs, charQes and expenses inturred w pa'~d, :oyethsr with such intenst, shall b~ secured by th~ li~n of thia
nwrtpp~.
6. That in IM ~v~nt of any breach of this Mortqage o~ default on the p~rt of th~ MORTGAGOR, o? (b) in the avsnt ~ny of ~tid sum~ of money
Mrtin r~f~rred to be not prompt(y and fu(ly paid within thirty (30) deys next ~fter the fame tever~tly become due and pay~ble, wifhout d~mand or notits,
or (Q in tf» ~vent exh ~nd every the ttipulstions, agreements, co~ditians a~d tovsn~nls ot ~~id promiiwry note snd thi• monpo9e ~ny a•ither •r~ nW
~uly, prornptly ~nd fully performed, d~~tharyed, ezecuted, effected, tompleted, compli~d with snd abidcd by: then in either or ~ny ~uch ~vant tM a~id ~y-
prpst~ wm mantianad in asid promissory note then remsining unpaid, wirh in4erest ettrued, ~nd all monryf tecured hereby, ~h~l~ betom~ dw and pay-
~hl• forthwith, or tMre~fter, at the option of said MORTGAGEE, sa fully •nd completrly if all of tht ~eid ~um~ o! money w~ra oriyin~lly ttipulsted
to t~ paid on wch day, snytfiiry in teid promitsory note or in thls Mortq~ge to the contr~ry notwithst~ndiny; end fhersupon or therooh~~ at th~ option of
isid MORTGAGEE, without notics or demend, tuit st law or in equity, tharefora a th~reeft~r bpun, may be prosecutesi a• if a!I moneyo ttcured Mr~by
Md matured prior fo iri institution.
7. Thet fn the evtnt that ~t the beginning of or ~t any time pendinp ~~y suit upon tAi~ Mortgape, or to foretl~e it, or fo ~eform St, or io enfort~
p~ynknt of •ny clsim~ hereurnlar, said MORTGAGEE shall spply to the Court hevinp jurifdic~iori thereof for the appointment of ~ Receiva, wch Court ~h~ll
forthwith ~ppoint • teceiver of asid mortyayed pruperty all end ~inyular, includi~y ~II and sfnyu~er the income, profits, i~suef •nd revenues trom vrhatsvsr
•ourca dariv~d, suh and every ot which, ii being expreuly undentood, i~ htreby mortqaged ~s if sptcifica!ly set forth and dsttribed in tM yr~ntin9 ~nd
(ubandum clausea Mreof, end such Reteiver thall have al: tha 6rcad :n~i effecriv~ function~ •nd power~ in enywise entruated by • Govrt to • Recaiv~r, ~nd
wch appointment thalt be msde by such Courr et sn edmirted equity snd ~ matti~ of ab~o:ut~ riQht to ssid MORiGAGfE, and without rff~renct to th~
ad~quacy or inadequacy of the va!ue of rhe property mortgaged or to the eolvancy or insolventy of said MORTGAGOR w the defend~nt~, •nd that tuch
rent~, profin, irxorrts, iu~e~ and ravenues shall be applied by wch Receiwr accord~np to the fi~n or equity of said MORTGAGEE •nd P!u prtctit~ of wch
Court.
8. To duly, promptly ~nd fully perform, discharge, execute, eNect, complete, comply with and abidr by eatf~ •nd ~v~ry tlw ttipuletiona, prMmenh,
t~nditbna and covQn~nri in uid promissory note and thi• mortgage ut fwth.
9. That in ths event tf~e ownrrship of the moriqaged premises, w rny p~rt thereof, become• vested in a penon other than th~ MOR7GAGOA, ti+~
MORTGAGEE, It~ wccesson and essiqns, msy, without notice to the MORTGAOR, desl with ~uch •ucceiso! or tuccsssor in interest with refa~enc~ to thi~
mortqp~ ~nd the debl hereby aecured in the sart» mann~r a~ with Monyapor without in any way vit+atiny or ~di~charyirt9 tha Mo~tgspors' lia~~ijt~ t~ei?
und~r ot upon the dsbt hereby secu~ed. l~'o sele of the prsmiie~ hercby mortpsy~cf ~nd na forbeerance on the part of the MORTGf~GEE•w if~ wctttwrs
or ~uiyns ~nd rw rxt~nsion of the tima for the paymant of the debt hrreby ~ec~red qiv~~ by the MOR7GAGEE or it~ wtuswrt o~;alr~ipnY thal~•,op~rata
b nf~w, disch~ry~, rtrodify cfi~nq~ or ~ffett ths oriyin~l liability of tha MORTGAGOR herein, either in whole o? !n patt. '
10. It h specifiully ~gr~ed that time i~ of th~ euenu of thie coMract rnd thst na wa~ver of •ny obligation hsrntcid~r or of th~ pbliy~tbn sr•
curd F+fr~by ~h~ll ~t ~ny tim~ timn~fter be held to be a waiver of th~ t~rms herwf or of the ~r,itrument secured herby. ,
11. !n sddition ro the forer,oing momh~y peyments of princ pal ~nd intereit required oy the prom~swry note seeurtd hereby, mortyaqor tovenahhY.'
•nd ~yrs~s to pay to mou-tq~p~e with eath monthly p~yment •n ~ddition~t aum e~timated by mon~;,gee fo be aqua! to 1/12 of th~-e~nu~1 cOSt of ths fol;qw-
inq: ~
A-AI! r~a! propsrty r~xe~ levied ar esseaaed againat rhe rbova deacribcd real sat~te.
D-Prem~um~ on fira and windstorm in~urence s~ herein requlrsd to be carried on the ~mprovement~ •ituate on tha ~bove dasc[iaed'pirmis~{.
C-~remium~ o~ suth mortgsge fl~aranty insursnce si mortfla9ee iha!! from time ta time drem tit to carry on the loan secUre~i M~sby.
Mortq~ee shel! from timtr to time notify mortgayar in writiny of th~ amount dus ~nd payable he~eunde~ and tuch s~m shall tti~raupon b~ du~ ~nd
pay~ble on the dw data of the next monthly payment ~nd ~sch succatsiw mpnth there+~fter until mortyagee xhefl notify morfqayor of • cfian9a in wch
•mount. Such •umt ~hall be applied by mortpafln tow~rd the paymsnt of real property taxei, lnsur~nce premi~mt, and martysq~ yu~nnty inwr~nc~
pr~miumo.
IN WITNESS WHEREOF, tM said MORTGAGOR Ms t h day snd year first aforesaid. r
yn~d, 5lei~d and ' 11 ~rsd in th~ prewrees of: ~~j ~
~ c=~ , ~h ~~t ~ 8I~~90~t4~~"''-z.~~'
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STATF. C~F FLORI~A _d . a...3 t..~ a,1 _3„ ~
~ courrr~r oF t. Lu c i~ _ R~ ~t "r' O i:~ F;~ 5, C LE R K
~fo~. m. penor,.~?Y •QP+.~ad _ ~ `i! ~3 diI •
_ _ and
l, U= ~1~~ !"fl ~,1 .L L~viJd~uS vi.ti= to ms w~ll known ~nd known to rtes tp Cs
th~ Individwli dasvibxl In and who •xacuted tM fwpoiny in~tru~nt, ~nd ~cknpwledyad befw~ m~ tha9 th~y •x~tuted th~ ~rr~ fw tM p~rposea
~.M.x~..~. a,d ir~ Carene Phillips Donaldson
wlfv of tfis ~+td Fred Donaldson ~ • u~parat~ •nd pNv~t~
rx~min~tion by rtst trk~n repar~ts and aperf from Mr uid hvaband, ~cknowledped to end befor~ rr» thaP ~ha executsd teid inttrumaM fre~ly ind volve}
t~rily ~nd.yrithout •ny compulsion, constreint, •pprsh~ntion, or ? w from hsr wid hua6and.
WI1NE5$ rfry hand and officia) ~eal tht~ ~~=~~day of ~`~8. A. D. 19~
'
' ~ Notsry P~bl In a for tFa St~t~ of F{orida ~t larp~
~ ~ My Commiaiun •xp~rN#'„_r~ ~ ~
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Cifi}t~s FedMl ~aeuqy i ioan Association ; jq'
~l ~i a: . ~ t, . Ce.
- of.3u,lud~ Couety
~a~K i:~8 35~. ~ 3 ~
F!. Gierce, Florida