HomeMy WebLinkAbout0417 3. io pldR and ii,ntinuovs;y kcec un 'n_ !;t;~i~.i~nqs oi iirrrattv~ situa!e .~n :.,,~d .and .r c„ ~:{,~in^irn; 3 ii! persc'it:~i: c;.vorCd 'oy this marty
ege, wiih alf p~amivms the~eon pa:d in f~ll, fi~r ins~r,nce in t~ie us.~~l s+anda~d pd~cy form, in ? s„~~~ approve~ Lq thr. MOR~v:1i:EE, ~nd wl~dstorm
insurante in the ~sual sranda~d pol!cy form, in a w~~ af.protieJ L•y iha MORTG.AG~E, in auch co~,~,pany or co~~~F:an,es ~s the h10RTvAGEE may
diroct; and a!! f+re and w;nds~orm in~~ranct policles on any of !aM buiid:nys, any ~merest ihrre~n ar par, thareof, in the a99reg;re s~~~ aforesaid or
in axtes~ thereoi, shall contain the ~~~ai stancla+d matgage~ clause or such utFrer clawe as the .'vtortgsgce m~y rrqu~ra, making th? Icss undrr sa~d poli-
ties, eech and every, payab!e tn said MORTGAGEE as its inrer:si may appear, and each snd every svch ao'!cy shall be promptly ass gnc•d a~~d deiivcrad ~o
eny held by said h10RTGA,r~EE as !urthzr securEty to sa~d mortgage debt, and, not less than t~n (101 days i~ adv.3nce of the expiration of each po~icy, to dr
liver to said MORiGAGEE a renewal thereoi, togeth3r with a receipt for Ihe premium of su.h renewai: a~~d t!~?re shall br no f~re or wi~:ds~or~n insuran;9
placed on any of said build;ngs, sny interest there:n or pari thereof, unless in the form anci wiih ihe ots payable ~SS n(or¢said; ar.d in tt+e eveN any sum
of money bemmes payable ~nder s~ch poGcy o~ pol~ciei sa~d MORiGAGEE sh~li have ~he op!1on fo rrc<-~oa a:~.d ;p~~'y rha sa-,-~e on acco~~ii of ihe i~;debted
ness securpd hereby or to permit Sj~d MORTGAGOR$ to reteive and use it or any p?rt thcreot tor o:~~+r pur; osr>. ~r.tho.:t th.~,.:; `j ~r ~~~:P.~'
ing any equ~ty, lien or r~ght under or by vi~tua of this mor'gage; and in rhe ever;t sa:d MORTGAGOnS sha!I Fo~ any reason fail to keep the sa~d premises s~
insurad, or fail ro deliver pro~npt!y any of sa~d ~.~ol~cies oi ini~ran[e to sa d MpRiGAGEE, or V~~: pro~nptly to pay fu,ly any pre~~~~v:n therefor or in a~~y
respect fail ro perform, discharge, execute, effed, comple~e, compiy wirh and abide by rh~s cove~~a;v, o~ any pari hareof, said PAGkiv~+GEE rnay piace a•:d
pay for s~ch ineurance or any part thereof wnhovr waiving or affecting any option, lien, equ~ry, or ri~ht under or b; v;rtue ot this Mortaage, and the
f~ll amount of aach and every s~c~ paym:nt shall be imrned~ately d~e and payab(e and shail bear interest from tha date thcreof unti! poid at the rate ot
nine per trmum per ar,n~~:n .,n~i toarther ~ith such interes! sh~ii be secu~ed i~y the lien of th~s mortgage.
4. To permit, commit or suffer no ~vas~e, i!npairmani nr deterloration of said property or any part thereof.
5. To pay all and sin9~lar the costs, charges and expznses, including a reasonable anorney's fee ~nd cests of abstracts oF t~fie, incurred or paid at
any time by said MORTGAGEE, because or in rhe event of the f~ilure on the Fart of the sa~d MORTGAGOR to du!y, p+ompt(y and fuily perform, d~scharge
execute, effect, complete, comply with and ab:d° by e~ch and every the stip~lat~ans, agreements, to~d~tions, and covenants of sa~d promissury not> and thia
rnortgage any or ei~her, and sa'd cosrs, charges and expenses, each ~nd every, shall be immEdiately due ar.d payable; wherher or noi !here be norlca ds
mand, attempt to collect or suit pending; and the iull amount of each and every wch payment sh~li bea. int~res~ from ihe date thereor` unril paid at the
r;te oF nine per crnt~m par annu:n; and all sa~d costs, charges and expenses ~ncurred or pald, together ~v:th s~cl: interest, shail be secured by rhe lien of th~a
mortgage.
6. That ;e) in th~ event of any breach of this Mortgagr ar default on the part uf the M~ORTGAGOR, or ~b) in the event any of ea?d sums of money
herein referred to be not prornptly and fully Fa~d w~thir-~ th!rty (30) days next a`ser the same severa,ly became due and payable, withov~ demand or not~c<,
or (c) in the evero each and evzr~r the stipulations, agreements, cond~fions and covenants o! sa•d promis:ory note and th:s mortgage ar.y or e~ther ar~ rot
~uly, promptly r.nd fully perforrned, d;scharged, e,cecuted, effected, compleied, complied with a~d ab~ded 5y, then in either or any such event the sa~d ag
gregate sum mentioned in said promissory note then remaining ~~npaid, wit!~ interest accrued, and aiI moneys secured hereby, shall become due ar.d pay~
able forthwith: or thereafrer, at the option of said h10R7GAGEE, as fuily and comptetely as if ali nf !he sald sums of money were orlginally st~p~lated
to be ~td on svch c~ay, anyt}~~ng in sa;d pro~T'~;sscr~ ro;e or in th;s :',orrc;a3: to the convar~ no!.~i!Frt~^d~n~; ard there~pon or thereafrer at the on~~on of
said MORTGAG~E, without notice or demand, s~it at law or in equrty, the~efore or thereafter beg~n, may~ prosecuted as li all moneys secured hereby
had matured pnor to ~ts inshtuhon.
7, That in the event that at the beginning of or at any time pend~ng any suit upon this Mor!gage, or to foredcse it, or to reform it, or tn enforce
payment of any claims he~eunder, said MORTGr~GEE shail app!y to tha Court ha~ing jurisd~ction thereo! for the appointmem of a Recciver, such Court shail
forthwith appoiN a receiver of said mo~tgaged praperry all and singuiar, indud:ng alt and singuiar ihe incerne, prefns, issues ar.d reve~ues from whate~er
source dar.ved, each and every of whith, it being express!y undars'ood, is hereby meitr~aged ai if spec~fica!ly set forth and described in the granring and
habendum dauses hereof, and such Receiver shaii hav~ all the b~cad and effeuive funct:ons and po.vera in anywis~ entrusted by a Coort b a Receiver, a~:d
wch appointment shall be made by wch Co.ut as an ad-nltted equity and a matrer of absoiure rlgM to said MORTGAGEE, end wifheut reference to rne
adequacy or inadequaty of tF.e value of the property mortgaged or to the so~vency er insoi.erity ot sa~d MORiGAGOR or the drfendants, and that wch
rems, profin, income, issues and revenues shali be appfied by wch Recal~er accord~ng to if~e iien or equ~ty of sa~d MORTGAGEE ar:d the pract~ce of s~ch
Court.
8. To duly, promptly and fully perforrti, discharge, execvte, effect: comp!ete, cem,,iy ~n~ith zrd abide by ea.h and e~ery the stipula!ions, agreements,
conditions and covenams ~n sa~d prom;ssery note ard ~h;s mcrtgage srt forth.
9. That in the event tFe owr.ership of the mort7aged premises, or any part th~reoE, becom~s vested in a pe~so ~ other than the MORTGAGQR, the
MORTGAGiE, its successors a.^.d ass~gns, rnay, w~tFo~t nptiCC to rhe '.'~ORTGAOR, deai witn wch successor or s~cc_sser in in;eres! w~rh rcierer.ce to this
mortgage and the debt he~eby sewred in the same manner as w~rh Mo~!gagor w~thout in any way vit~ating or d~scharg~r;g fhe 1.lortgago~s' iiabiii'y here-
under or upon the debt hereby sec~red. No sale of ihe prr~~.~ses hereby mortgaged and no forbearance on the part or the hlpRirAGEE or i~s svccessers
or asrgns and no extens~on of the time for thz payr,~ent o't rt~e dc bt hereby sec~red given by the 1': ORTG~.G:E or its wccessors or ass gns, o'~~all optrate
to re!ease, d~scharge, modify change or affeci the orig:nal liabli~?y of the MORTGAGOR here~n, either in whole or in part.
10. It is spectfically agreed ~hat t~me is of the esse^ce cf th;s contracr and that no waiver of any ob! ya~~en hereunder or of the ob!igation se-
c~red hereby shaii at any time ih_rea'ter be h~id ro 6e a waiver ei rhe terms hPreof or ot the instrurrent sec~red herby.
11. In sd~aica to tt;e forago'r.g month:Y payn,=nrs of Fxi-.c ;~a! a.^.d inr_res? requ'red by the p•o~:~ sscry nc~~ socu•ed her; hy, r.~o;tg~~or covenants
and agrees ro pay te w+e:tgagee w~th each n~n'h y pay;.,e~,t an add:~:onal su~, cs! ~ a~eci b~ morrgagee to be eq~a; ro 1 12 ct an~,vai cosr of the fo~!ow-
ing:
A-AU reai rrpperty tsxzs ~ev~rd or assess_;i d j3i• 5' t'rc acove desc~bc:i r_al esra~e.
B-Ft~:,:~un, on fire and wir.ds!o~m ~r.swarce as fiereln r_., ..e•{ to ce carried cn ~he ,.roverr~ents s~tvate on th_ ao~vc d.scribr.d premises.
C--Pt: rniun s e~i >uth !n..rf.~c.g= g;:aran'y 1~.5.;'jr cE~ as m,~.t ;,~ee sl•a!I fro•. • me 'e t,~ _ dee::~ fiI to ta•ry ~r the loan s=wre;.1 herebr.
Alortgagee s'^.ail f~on t:~,~e to !i~,e nori~; rt•,•_rrc„ge• kn r~r~hng o' the a, o~~t d„~ ar.d p3yaf~~e here~.^.dr. and sucf: su sh~'J !i~~:eupen be due a^.c:
p3yab;c on tn~ d~:a date ni th, r~x~ n:o^!h:y G=Y"^~~ and e~ch success~+~ m:cnth tnereaftar ucti~ mertgag~e sh~!i r,o!:Fy morr_~agor of a chan~e in s~~ch
a~.ount. Such sums sha'I b? app'ied by mortgag:e to.vard tre pa~n-.ent of real procerty taxes: insura:~ce prem.vr•s, a.,,d n,or?gage guaranty insurarce
premiums.
IN IVtTNESS Y:H~R~OF, *he said `1,ORTGr+GCR has here~~nto set his h3;~d and sca~ the dzy and year st a.'cr a:d.
~y ned, ea! d and delivered i th eser.ce of:
~ (Seal)
~{.L. •.i. " (Seal)
_ • _ ~ r~_._ , ~ (Seall
~ _l5eal)
STA1E pF FLORIDA
. Saint Lucis !
C~U,JTY QF - _
Before rre peraonaily appeared g~~~__ZI~ ~~+i4~ and
_.~jj~~_y~j'lAACl his w~fe, to me well kno~n~r and kno~Nn to me to be
the indivi9uals descriLed in and who exec~red rhe faegoing instrument, and acknowledged before me that tF~ey ezec~ted sS~e s~me for the purposes
therein expressed. And rhe s?id 'T1.~1-~ a `Sn@e d_--
wife of the said J&TC18 S_ W~_`~ne °Ud, Jr • u, on a separate and private
er.z~:na;:on by me taken separate ard apart frem her sa:d huaband, acknovredged to and before me that she execu!ed said instr~me~v freeir a~~d volun-
tari'y and w:thout any co~npu'sion, cons'raint, apprehens:on, or ear of o! from her said_husband.
NiITiJeSS my hand an;~ cffic~al seai th;s___~~'` d~y of_~ lvl~~ R. D. 19U
~ ~ ,
3,~~~~~'~~_~'
_ Notary Pub:ic ir. and for the State of Fiorida at Large
• - ' My Comm~ssion expires: ~ ~
Refurn 70: ~ ~o,ary PU~~:~. ;~ate o* F!ord3 at Lar,qg
P~,y , o?,,~; s, ~~v. 3, 1~G~
First Fed~ral Savings & Loan Assoc~at;on g~~U~~, . ° ~
Of Fqr( ?,erc~. ~~O =0. Oi ir. 1~~
Fort~'Pier~rl~~F~~riif~ ~q~ ~E~i ~QQK
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