HomeMy WebLinkAbout0423 3 io ;~,~c_ ~:~d con•inueus!: kver on ~i~c• b~,l d:ngs :~o~, o: h~~eat:er s~~..a;e on ~.a~a ~nd a.u , r~_iF:•:,~n; persona;i, :ove•ed hy ~h~s rnorty.
ege. with all ~tCiliiwn5 Ihereon paic! ~n tu;l, ;iri u',!cranCe ui ~he ~SUa~ ita:~dard po:~i/ fo~m, in a swr. approvcd by the MCR1~•\G[[, and winrjttorm
~nsurance in the usual sr~ndard po::cy form in s~m .jppro.ed by the ~11ORTGAGEE, in wch company or, co,np~nies as thr MO~iGAGcE may
d'uect; and ~II ~ire ~nd w~ntistonn insurance ,~olk~es on a~~y of sa~d 'ouild~ngs, any in+erest therein or part th~ree4, ii~ thr aqg~;yare s~r:~ aforesa~d o~
in excess thereof, shall con!ain ihc usuaf sre:,d~rd morrgayee clau:e or such orher c~ausa ax the Moi~gayee rney req~~re, n~aMing ri;e ~oss ;,nda~ sa~d poli~
cies, each and every, pay~bfe to sa~d !L10RTGAGEE as :ts interest may appear, and e~ch and eve~y such oo!~cy shall br pr~~mpuy ass g~~ed and d~~lvcrrd to
nny held by snid MORTGAGEE as t:,rrher aewri~y tu sald rnoctgage debt, and, not less than ten (10) days in advnnce of the ea.pirat~on of each policy, ro dr•
t~ver to ~aid MORT:~AGEE a renewal the~aof, ~vge~her with a receipt tor the pre~nium of such renrwai; and thrie shail i~a no flre or .v~~~dsro~m ins~~rance
plaeed on any of said bvildings, any interest thereln or part thr~eof, unless in !he form and wi!h !he foss payabte as oforesaid; ~nd ~n the e~ent any sv.n
of money becomes payatle under such policy or pol~cies sa±d MORiGAGEE shall have the option ~o recei~•e ;;n~! a~F~:y thc same on dCCJU1~ oi ihe indabted
ness secured hrreby or ~o permlr said MORTGAGORS to recrive and ~sa it or any part +h.-reof for a~n r~.w; :s.~s. ..:~i,,~.t ihr<::: ,v:l.; ~.3 :r ,~~,.p..,••
inc~ any equity, iien or right under or by vin~e of ihis mo:'gage; and in the event sa~d MORIGAGORS sha!I for ~ny ~eason fail to keep the said G~emiies so
;nsufed, or fail to deliver prompt{y any of sa~d pulicies of insurance to aa~d MORTGAGEc, or f~~! p;Gm~tiy to pay fu;:y any pr~:n~vn; ttieretor o~ in any
resped fail to perform, discharge, exewre, eFfect, comptete, co•nply wiih and ab~de 6y thls covenant, or any parr hereoE, sa~d MGRTGNGEE n~ay piaca a; a
pay for z~ch insurante or any part fhereot wi~ho~1 waiving or affecting any option, lien, eqt~iry, or ri~h! ur.der or by virt;,e of this hlortgage, and the
full arnount of each ard every such paymr.n~ shall be i~nmedia!eiy d~e and p3yable and sha11 6aar intetrst froni the date ~hereof un~il po~d at the rate o'
nine per tent~m per annum and to~ethe~ with s~ch inter~~sr shaii be srcured by Ihe lien of thie mortgage.
4. To pe.mit, commit or suffer no waste, impairn?ent or deterioration of aa~d properly or any part thereof.
5. 'o pay v!I and singular tne cosn, charges and expe~ues, inciuding a rensorable attorney's fee and costs of abstracts of t~tle, incurr~d or p;fd 3r
any tirr.,~ by sa~d h10RTGAG;E, because or in the event of tha fa;lure on the pan of ~he said MORTGAGOR to duty, pramp~ty and f~l!y p~rform, d~schar9e.
execute, effect, comptete, comp!y wirt~ and ab:de by eacf~ and every the stipulat~ons, agreen,ents, tonditions, and covenanrs of sa~d p~o:n~>sory note ar.d fh~s
mortgage any or eirher, and aaid costs, charges and expenses, each and every, shall be in~mediately d~e and payable; whFthe~ or not tiiere be not~~~ da
mand, atte:npt to collect or suit pend~ng; and the fuL' amo~nt of each ar.d every such paymeM sha~l bear int~resf fforn the date thereof until paid at t1.e
rare of n;ne per canturn prr annv:n; and ali sa~d cctt;, cha:g~s ond ~,cpenses inc~rred or pa;d, tooether wnh s~:h in7erest, 3ha!I be securzd by the lian of th{e
mor tg age.
6. That (a) in the event af any 6reach of th~s Mortgage or defauit on tP~~ part of the ~IAORTGAGOR, or Ib) in the evenl any oF sa;d sums of monzy
herein ~efened to be not promptly and fu~ly paid within thirty (30? djys next aiter the same severa!:y bec~~ne due and payab~e, w~thovt demand or notice,
or (c) in the evznt each and every the stipu!ations, agreements, cond~;ions and covenants of sa.d promi;sary noie and th.s mertg,;ge any or eirher are r.o~
juiy, promptiy and fvliy performed, d,sc~~arg-:d, execured, effecred, complered, compLed w~!h and ab~ded Sy, then in e~ther or any such event the sa:d ag
gregate sum mentioned in said prorissory note thcr, remaining unpaid, with intere,t accrued, and all moneys secured hereby, shaii betome d~e and pay~
able forthwith, or thereafter, at the option of said htORTGAGEE, as f~ity and complete'y as il al! of th~• sa;d sums of money ~nere or~ginally st:p~~;jted
ro hP pa d pn s~ch dzy; anything i~i sa d prom:ssory nbte ur in this M~rtgage to the contrary notwithst~rd;~~g; and thereupon or thereafter at the option ef
said MORTGAGEE, without nori~e or demand, suit at law or in equity, thzrefore or thereaher beg~n, may be prusec~ted as ii a,! rnonc}s sec::re~ hrreb/
had matured pror to its instetutinn.
7. 7hat fn the event that at the beginn;ng of or at any time p~nd~ng any su~t upon th~s Mortgage, or to foreclose it, or to reform it, or to enforce
payment o4 any claims here~r.der, said h10RiGAGEE shail rppiy to thz Gcvrt having ~~ris~~tiion th;:r~of fer the appo~ntment of a Recei.er, such Ccurt sh3:l
forthwith appoint a recefver of said mortoaged prope~7y all and s~ngu!ar, inc;vd ng ali and s~ng~iar fhe ir.cen,e, proLfs, issues and rever.ues from wh~tever
source derived, ea:h and every of wh;ch, it being expressiy vnders~ood, is herc~by rreortgaged as if specf;~a'ly set fo~th and descr~bed in the g~anting and
habendum cla~ses hereof, and such Reteiver shail have ai~ the broad and effecrive fu~ur,cns and po.4ers in anyw~se entrus'ed by a Cowt to a Receivei, and
tuch appoiniment Shall be made by such Court as an admitted -eq~i7y ard a mdtter of 2b5o ute r;ght to sa~d MiJRTGAGEE, and wirho~t referer.ce to t!~e
edeqvacy or inddeq~aCy of the va!ue of the property mortgaged or ro the so,vency cr insolvency of sa~d MORiGAGOR or the defaadants, and th;~f Svch
renrs, profits, +ncome, ~ssues and revenues shall be applied by such Reteiver accord~ng to the !ien or eq~ity cf said h10RTGr+GEE and fhe pr~ct;ce ef such
Court.
8. To du!y, p!omp!'y and fu:ly perform, discharg~, ~xecute, ef`ect, comp!ete, co.^.:ply •x~th and abid~~ by eath ~nd every the st~pulat:on5, agreernents,
condiiions and covenanrs Iri sa~d promissory n~te ar.d th s R~cr!~a~e s~•r forth.
9. That in tne event the ownership of th~ mor+~aqed pre~~,.;ez, or a«y part tner~~of, Leco ~ies ves!ed in a pe~sen other than th= MOR~G.4GOR, the
MORTGAGEE, its successors and assi~ns, may, wltilout ne~ite tc ~ne ;,tORTG~OR, dea; ~,~.h s~cn s~cce:sor or s~ueasor ;r, ,~~ter~sr v~~+h refrrence ta this
mongage and rhe d=ut hireby sec~red ir. th~ same n,a,u;er as •h-~rh G1~,t~agar •xrthout ln any way v;r:;~ing cr d.scF~arg~ng the !.5ortyagors' liapli;ty hEre•
under er upon rhe debt hereay sec~red. Ne sa.e oi r~,e F:ren•:ses h~reby mcrtgaged ard r:o ferbearanc~ on the part of ?ne !.'.ORT~,,i;GEE or its suc:essors
or ass:gns and no extension of the time for the payn-e.~r of ti~e deu! hereby scc•~red gi,;en by the "..ORTG4GEE o~ irs s;;ccessws or ass,gns, ,(,ali operate
to reiease, d~~charge, modiiy change or aifect ~he crlg,nal I;au ~,iy of ih= MORTGAGOR her~~n, enher in whoie or in part.
10. lt is spe.;tkally agreed tha~ time ~s uf tne essence cf th:s cer~tract and th~t ro waiver of a~y obllgat~er, h:reunder ar of the ob!igatien ae-
e~red hereby shaii ar any fime ~'r,ereafter be h~:d to be a tivaiver oE fhe tere,s hereof or of the insrrumenr secu~ed herbr.
1l. I~: ,dd t:o~ to the forege n7 ,o!i;'v {:~q:r_n;s of {;~i•'.~ pai a~d +nt_~reu requ:r,:~ i>r in~ t;•G'~' SSC,~y ro'_ s-cv•ed tiC••CJ/. :t'.Oft33y^Jf COV~~3nt5
and agrees to pay to ma!gagee v.~th e;ch ~nc„~h y, ;;3;r.•ent an adJ~r~enal su.n cst ;red u~ n~o~!~~gee to be e:;.~,~' to 1 12 of t:,•~ a,,,:u~l cosr oi the ioiio,•.-
ing:
A-i-,!I r_a! prop^rr~ taxas !ev~e~ or zss~~sse;~ aoa~••~sr tf:., above c~_;ri+~_d rea! es'a!e.
E- Fr: .:~•~~z on fi.e 3nd w~~ds!o'~n insur:~._ as h c~n . r_d ?o be ta .~.d th., ve•ne.~ _.,~ate ,l--
. :q~ r• ro ~s cn tf,~ ;f;:._ ,__..~6eci prerr.ises.
C-Pre:niu~-s o~ sucn mortg;oe guara ;!y ~n;ura~ c~ as mor'ga-y~e eh3~i frc r t rre ra ~;~ne d,eri iit to ea~ry on tf:e :~an secu-ed h_;cey.
h'!or!gagee sha'i f~cm t~me te t~^•e r.cti~,~ mert_cg~ :r wih!ny of the , ro~~t d;~ ard p3~a~:e hereund~r and s~_-ch s~.;~~; 5h;'I ft~ereuron be due and
G-rab'e on ;n_ d~e cete of r?r n,_xr ~~,o~th:y t;; ~nd e:ch s.;,cess[ve ^•,o~~th !h~reaft;r urtii mcrtgagee sha:l rct.f~ n,o•';ae~~e~ ef a chan~e in ~~,n
a~, ount. Such s~^is s!~s:i b~ a;:p:~e~' by mortgag ,,,;rard f'r.e ~:a~m~;~r of re,( ercF:eriy taxes, ~nsura ~ca pren• ~:ns, a,•d rr.ort~~~e au~~anty insvranca
premiums.
IN \'JIiNE55 N'4FR~OF, t'r.e sa:d ^,10RTG~GOR }:as hcreun'o set n~s hard ar.d s^31 tn~ day ar:d year fir a!cre.a~d
~ Signed, led and vered ~n the presenc of:
_ _{5eeO
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- (Seal)
SATE QF FLORIDA
COUyTy o~ _ Saint uUC~ @ ~ ~
Sefore me personall appeared _~T098p~'1 L~~FT'&T1C~SC0 _ ~ _ r.nd
M~ ~~F'1^S11C@9C0 _ _ his wife, to me wef4 kr~own and kr,own to rre to Le
the individual~ described in and wno executed ine foregoing instr~ment, end atknowiedged beFore me that they execured the s3me for the pvrposes
therein expressed. And the said__ MAY D~~'`I'AI1C8t.3C0 _ f____
N-ife of the S~~a _ Jose.~h D3.F~~rancasco _ ~~pcn a separa!e and priva+t
examination by me taicen sepa~ate a~d apart fro~n h~r said h~sband, ackno,riledged to and 6etore me that she ~xec~ted said instru.nen~ (ree;y ar.d vclun•
tarily and w~thout any compu'sion, censtraint, appreher,slon r fe;.r of or fr~m her said hus6and.
i Wliti£55 my hand and offtc~al seai tnis__,~%~ day of___ Ma A. D. ?9 6~
~ ~ ~->;~~s?~ -
, Not~ry Pub!ic ; and of r th: $tate of ~;orida at large
~ t - ' , My Comm ssio expues:
. 'Steitvrn To:
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