HomeMy WebLinkAbout0463 3. To place end contin~ously keep on the bo~'d~ngs now or hereafter sitvate on 13~~ ~Jnd a~:d on a! r7vip~~~~°nt a~~~i personal'y cover~d by thls mortg-
age, wilfi all premiums thercon pald in full, fr~ insura~xa ~n tha ~sual sranda;d p•.~~icy form, in a su n aNprov<d by the '.~Oi::~~.~i>E~, and windstarm
ins~rante in the usual s~a~da~d pol.cy form, in a sum approved by ~he MORTGAGEE, in s~ch co~npany o~ tom~~an~es as the MORIGAGEE may
direch and all fire and w~ndatorm ins~ronce poticica on any of sa~d build~ngs, any inlrrest tnerei~i or part therro~, in the 3^y~~c~ate w~~~ aforesa~d or
In ezcess thereof, shall contain the usual star.dard ~nortgaaee cla~se or wch o~her clause as the Mortgagre may req~:re, maki+~g ih~• loss u~-de. sa•d poli-
eies, each and every, payab!e to said MORTGAGEE as ns inte~est may ap~ear, and each and every s~~ch p.!~cy sh;lt be prompCy ass gnrd end d~~~~vered +o
a~y held by said MORfGAGEE as furtFar secvrity to said ~~ortgag~ debt, and, not less than ten (10) aays in ad.3nce of the expiret~on of e~ch policy, !o dr-
liva? ~o said MORTGAGEE a renewai thereof, tc+~ethrr with a receipt for the premium of such renewal; and there shail be nc flre or w~~ ~s~o::n insurance
piated on sny ~f said buitdings, any i~t-rrest there~n or part thereoF, un!esi in the fonn and wifh the ~oss payaL:e as aforesaid; and in the event any sum
of money batomet payabie under s~ch polity or poi~cies sa~d Ml?Rl'GAGEE sh3ll have the optlon to rac_iva :~~~d ap{~!y the san:e on accov~it of the indebt~•d-
ness secured hereby or to permit sa,d MORTGAGORS to rece~ve and use it or any p::rt iYr,:eof ror o~~~ r; v~: osc> v.:~~ ~.,t :~•.-.~•~'3 ~"'F>~~"'
ing any equity, lien or ryht under or by virtue of this mor'gaye; and in tha event sa'd M0~27GAGORS shaH `or any reason fail ro keep the said premis:s so
ins~red: or lail ro deliver promplly any of said poiicies of insurancr to said MORTGAGEE, or fo~l promptly to psy fu!ly any ,^.r<~ n~.:~n tf~erefor or m a~~y
reipen fai! to perform, d~scharge, exec~re, efiect, con,y~letr. comply v.-~ih and abida by th+s covena:l~, or any pa~~ hereof, s:~~d h~Ci~i~.~1GEE n,ay piace a-o
pay for such ins~rance or eny part thereof w~thout waiving or affecting any option, lien, equ~ty. or right u~:der or by vi;!ue of ih~s h1ortgage, and the
futi a:nount of each and every wch payment shall be immediately d~e and payable and shall besr intCr~sl froin the date the~~~t un+i! p~~d at the rate o!
nine pzr ;entum p2r annum and tu~ethrr with wch ineerc~st shaii be secured by the lien oi th~s mortgaye.
4. To permir, commit or suffer no waste, impairment or deterieration af said property or any part thereof.
5. To pay all and singufar the ~osts, tharges and expenses, includir:g a reasonable attomay's fee ard msrs of abstracts of title, in~ured ~r pald at
any time by said MORTGAG:E, because or in the event of the failure on the part of the sa~d MORTGAGOR ro duly, promptly and f~lly perform, d~schnrge,
exec~re, effeci, cemplete, co+nply w~th and ab:de by each and every rhe stipulat~ons, agreamente, conditione, ar,d covenanrs of sa~d pro~n;ssory note e^d rh~~
mortgage any or eilher, ar.d aa,d tosts, charges and expenses, eath and every, shali be immed~ately due and payabiz; m•he'her or not th~•re L•e nofice d~-
mand, attempt to collect er suit pending; and the fu!I amount of each and every such payment shall bear int~~rest from tt~e date tt~ereof until paid at the -
rate oi nine per c~ntum pe.' annum; and a11 said costs, charges a~ed ex~enses inwrred or paid, togclh~r w,th such interast, shall be sewted by the lian of thlf
morrgage.
6. fF.at (a) in the evenT of any breach of inis Mortgage or default on th~ part of the M.ORTGAG~R, or ~b) in Th> evcnt a~y of sa:d sums of morey
herein referred to b~ not pron,ptty and fully paici within th~rty ~30) days r;ext ain.r the same severa:iy beco~~;a due and payai~!z, without dc~r.and or notice,
or (c) in the event each ard every the stipulations, agreements, conditions and cevenants of sa.d ~rom~sso~y not~ and th~s mortgage any or eirher are no1
~uly, promptly and fully perforrr.ed, d:scharged, execured, ef4ected, completed, compi~ed w+rh and ah~ded 5y, then in e:ther or any wch event the sa~d ag~
gregate s~m mentioned in said promissory nore then remaining unpaid, with interest accrued, and ail moneys securad hereby, shall becume due end Nar-
abie fb~thwith, or thereafter, at fhr o~+!~on of said in~RTGAGCE, as i~lly an.a. completc:y as if ai! 04 !L~ s~id sums e4 meney v:~re o•~ginally st~p~!ared
to be peid on s~ch doy, anything in sa:d prom~ssory no'e or in fhi~ Mortgaye to the contrary notw~~hstanding; and there~pon or (flt'~G'3f1@~ at the optiun of
said MORTGAGEE, w~thout notice or demand, s~it at faw or in eq~rty, therefore or thereafier begun, rnay be prosecuted as if a;l moneys secured hereby
had mat~red prior to ita institution.
7. That in the event that at tne beginning of or at any time pending any suit upo~ this htorte~aye, or to icredose it, or to reform it, or to enforce
payment of any claims here~nder, said MORTGAG:E 5ha'I appiy to thi Court F13V111^y ~~nsd:ctlor. ihe~eo! for !he acpo:nfinent of a Rece~ver, s~th Coor1 sha~l
forThwith appOiN a reCeiver oF said mortgcyed yruprrly dli a:~u iinyuier, iniivJ:ng v~~ ar:d s~m~ol~r ih2 ir,.o-~e, p'c~.'s, issu.^s 3^~ fE•vC::~c'S 4•0.. .~ha!ev:r
source derived, each and every of wh:ch, it being expreas'y ur,ders~ood, is hereby meng~ged as ~f spcc:f~ce!Iy set fsth a~d desu~bed in the grantin~ a~:d
fiabendum ciauses hereof, and svch Rzceiver shall ha~e ali the b~ead and zffecnve funu oos er:d po;.ers in zny.v~sc emrvsted by a Co~rt to a Rec_ive:, ar:d
t~:th apoointment sha:l be made by s~th Court as an ad~nit!i~d equity and a matter of absolute t:oht to said A10RiG~:GEE, and with~vt referencz to the
edeqvacy or inadequacy of the va(ue ef the property marrgaged or to the so.vency or inso'~~cr.cy of sa~d MGRiGAGOR or the defe~.dants, a~~d that such
re~ts, profits, inco:re, iu~es and revenues shail be appiieci by such Rec~iver aaor~+;ng to ihe lien or equrt~ of said MORTGP,GEE and tfie p~achce of such
Court.
8. To duly, prompt;y and fuily perform, discharge, execute, effecr, comp'e?e, ce~~p~y w~~h and abide by each and every the s?~pu'atiors, agree:nents,
condi!ions and covenar.ts in sa~d p:omissory note and th:s n~,~rtgage se' fo~th.
9. That in the event the ownership of the mcrtgaged prem~ses, or any part tnereof, Lecomea v^st~d in a pr.son ethe: than the MORiGAGOR, tl,e
MORTGAGEE, its suceassors ard ass+gns, may, wi'hout notice to th~ :"ORTGAJR, deol wi;h s~ch suttessor or successor in ~nterest w;rn reference to th:s
mortgage and the debt he~eby sec~red in th: sam~ manncr as w~th !.1;r'gagcr w~thout ~n any way vit:ating or d~scharging the ;.lcrtgr,gors' liabil~ty herz-
under or upon the debt hereby s~~cvred. No sate or tF~e Fre~~is^s h~reby rnorigaged ard r.o torbea~an~e on the pa:t of the ~hORTv~.GEE or its s~cce>so~s
er assigns and no exrension uf the time fo; tl~e payment o~ t~e debt here~~y sao~red given by the MORTGAGEE o: its successo:s cr assgns, a~~all operate
to re!ease, d~scharge, modify ciiarge or affect the orig~nal G<n :;iy of the h10RTGAGOR herein, eitner in vwho!e or in part.
10. it is spec~fi:aliy ag~ead ihat t~me is of the essence of ihis conract and that r.o wa:ver of ~ny oh~ gat;on hereunder or of tfie ob'igation se-
c red hereby shal; at ar~ !ime thereafter be he:d to be a ~vai~cr of rne terms hercof or of the ir~str~n•~ent SCCV'G'.j I,erby.
11. in odd.tia~ eo the ior~go'n~ rron!h'y p~yn~ems of pr~:.c pai and interest re:u~red Ly the p~o~r ssory no'e see.;r._d h~r_b/, rnurtgs;~r covenanfs
and agrees ro pay ro n:xfgaaea •rJ~h each r.,on?F,'y pay, :~nr en d:iJ.'!O'13~ sun, c~ . aied b~ morry3gee ro be eq,.~~ te 1, 12 of ~1,e a:;n,;al ccst ut ihe fol:o.v-
in~:
A-.4!I rcal E;rop^rty t~xas !ev~.d or .,cs_~<s_d cy,; y, ~~,c a~o:e dc;c,'c. r_~` es~ar••.
B- Frem~u ns on tire ar,d wi^.dsterm irs~,~rarce as here~n (CyJ.fC~ ro be ca'r~ed c~~ ihe ~~oveme~ts _''va*e on tF~ abo•+e d_~:rihtd p~em~ses.
C-Pre.nivn.s on such r*~ort~:~e nuaran'y ir;urar:e as n,cr!gag.~e sha~! fror t^e to r;,~e d:e-~ f!t to carry e~ ~^e ._>_n s•:~~~ed hereb~.
Alortgagec sha'! °;cm ri•*ie to t,~.e no+~f; mcrr,,,gcr :n vrit;ng of th~ a.,o~~t d~e ard payab:e he-eunda~ a^d s.;ci. s. sh.ai~ tf:..rcuF;~n 6~~ due a^d
F.syab!e on tne do~ dat~~ of the next n•onth.~ p,y,^r.~~t and each s:ccc.ssive ~'on~i; thereaft:• ~r.t„ mutr~agee sh~i; no!.fy ~~~r ~f a ci~..3r.~e in such
amount. S~cn su~ns s1a l be arp:ied by mortgag.,a tohard the payn~.eni of r=al preperty taxes, insuro,~:ce F;rn::v.ns. a~:! ,.~o.t~;~~ g~arar,~y insurance
premiums.
IN 1'11TNtSS ERcOf, the said h1CR?GAGOR has h~~eu~to set h~s h?~~d and scai ;he day and r firs~ aferesa~d.
Signed, Sea' d nd e~y er i te of: y ~ r~
~ ~~~ti~j~ (Seal)
~
___(Seal)
'`_L~Gdr~~'L.~n~~~~a"" (Seal;
_ (Seal)
STAiE Of FLC?RIDA ~
SS.
COUNTY OF --~~-~ll C ~ ~ - ~
Before me personz'ly appeared 17!'T? ~ ~T RLI PT15 ~J_~ _ ~ and
~ mar~ ? urns
~ _ _ his viife, to me weU known a~d knov.~n to me to be
the inaividvafs descrlbed in ar.d v`ho exec~ted th: foregoing instrument, and acknoK~ledged 6efere me that they execoted the s~me fer the purposes
fhere~n expressed. Ar.d the said____-- ~~~n ~ ~ ~ ~ rP ~ -
wife of the said _ t"iliTl i 2 •T . ~U T't`1 S upon a separate and private
exam:r.at~on by me taken separate and apart from her sa[d husband, atknowledged fo ard before me that she ~xecu'ed said instru:r.ent ireely ar.d vol~n-
ta:ii~ and w~tho~t any compu's:on, const~sint, apprehens+~}1r fear of or f-om her said h~sband. .~iaJ~
V?i7NE55 my haod and ofiic~al seai th's_..-__~'~ d3y of ~ A. D. 19-"-
~
# Nctary u lie in and for the 51at~i~a at Large
My Commission expirea: ~ / t7'
Re'um Tc: ~p~~~' b d
First Federal Savings & Loan Associr,t;on
or r,or~~v Pue1,!{,~~c~!. ~ ED
Fo.t PI>rce, Flor~da . r~Y ~(`''FtL.t~i? f~~~
. ~.,.c:_::jE~}_ ~~0~
, i . , . • ' . . , ~ " 't i~~C+y"
,~1,a' ~ .
~ : ~ . ~ : , - . !65 MAY ~ ~ a~ ~a . ~ ~
_ ~ 1. y ':J. ~ l_,r 'fg
. . ~ _ , ~ ~ t..ts.iw.: .
.j . • -
- - , _ , RQG~f~ PUI-Cr~A~, Ct..t~cn
~ - - ' ' ST. LUC1E COUNTY,
. . - ~ ~L4R1~A
~ ~
~ BOt}f~~~~
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