HomeMy WebLinkAbout0510 And iaid Mortgegors, fo: themselves end the~~ heirs, legal repreientetive~, swcea~on •nd au~~nt, hereby joir.tly snd ~eve~+lly cnvenant snd iQr~~
to end wirh the ~aid MOkTGAGEE, irs s~tce~san and ass~gns:
1. To pey sll and tingular th~ principal and interest and tl~e variouf •nd •undry aum~ of money pay~bl• by virtue of seid prtxni?iory not~, and thi~
mortgege, each ~nd every, piompt!y an the day respectively the same sev~r~lly bacomt duM.
2. To pry ~II snd ~ingular the taxe~, asie~?rnenls, leviei, liabilities, ob(igations •nd enc~mb~tnts~ of ev~ry n~ture ~nd kind now on ?~id deurib~d
property, or th~f hereafter mey be imposed, wffered, pleced, levied, or auessed 1Mreon, or that here~ftor may bp IW11td or n~t~sed upon thi~ Mort9-
sge, or the indebtedness tccured hereby, •ath and every, when due and payabl~, ~ccording ro I~w, before they b~come d~~inqu~~t. •nd b~fort •ny int~r~tt
attaches or any penaity is incurred; AND 1NSOFAR AS ANY iHEREOF i5 OF RECORD THE SAME SHALL 6E PROMPTIY SAf15fIEp ANp DIS~CMARGED OF
RFCORD AND THE OR!GII~AI ~fFICIAI DOt;UMENT (SUCIi AS, FOR INSTANCE, THE iAX RECEIPT OR THE SATISFACTIpN PAPER OffiCIAILY ENDORSED
OR CERiiFIED) SHAII BE F'LACED IN THE NANDS OF SA(D MORiGAGEE WITHiN TEN DAYS NfXT AF7ER PAYMENT, and ;n the avent ~hat any thereof if not
paid, saf;sfied and disthargcd 3a:d MORTGAGEE may at a~y tfine pay tht same or any pert thereof without vraivi~~ or affecting •ny option, lien, equity ar
.~~h~ under or by v~rtue of th~s mor~9age and the futl amount of eath and every ~ucFr psyment ih~il be immed~atcty due and payabie and thsN baar interaf~
From rhe dere th~reof untii peid ar rate of eight per tem~m p~r ennum •nd toyathar with wch intereit shall be sewred by the lien of th:• mor~teye.
3. To pJ~ ~nd contlnuov~ly ka~p on the build~npi now or heruhK Ntust~ on t~id I~nd ~nd on ~11 tquipm~nt snd panon~ily cov~r~d by thls mortp-
ps, with •II pt~rr+iums tFwnon paid in full, fir~ insunnc~ in th~ u~~il ~tand~rd policy farm, in • tum approv~d by tM MORTGAGEE, ~nd windtrorm
Msvrancs In tM usual ~tend+rd potfcy fwm, in • ~um •pproved by tM MURTGAGEE, in ~uch comp~ny or compa~i~~ ~s th~ A10RTGAGEE may
dir~ct; ~nd all fir~ ~nd windstwm in?unnc~ po~icies on any of said build~nq~, any int~r~st thersin o? part therwf, in the ~iqreyat~ wm ~faes~id w
1~ sxc~u thsnof, ~h~ll cont~in th~ u~ual ~t~ndard mortqsyN clauss or wch oth~r tl~ut~ u th~ Mortp~qe~ m~y requir~, mdkirp th~ !wi ur+d~r s+id poll-
rir~, exh ar+~~v~ry, pey~bl• to said MORTGAGEE ~s its intereu may ~ppe~r, ~nd e~ch ~nd w~ry such policy •hdl b~ promptly as~.qn~d •nd daliv~r~d tu
~ny Mld by ~aid MORTGAGEE a~ funher security to wid mw+payt debt, and, not lea tMn ten (10) d~y~ in adwnca of iF,ti •zpir~tian oi a~th policy, to dr
liver to wid MORiGAGEE • rencwal theraof, together with ~ rece;pt for rhe premium of •uth renawal; and thero th~ll ba no fire or windstorm inturanp
pl~red on ~ny of s~id buildinqs, any interett therein or part thereof, vnless in the form and w~th the lois pay~bla a• •fore~aid; ~r.d in tha event any ~um
of moneiy ~comes pay~bla under wch policy or poiicies said MORiGAGEE fhaN h~v~ the opt~on ro receive and apply the ssm~ on sccnunt pf Ihe indebted-
r»u sttured hsreby ar to permit said MORTGAGORS to rreeive and use it or eny par! thereaf for orher purposes, w~thout thereby we~ving or impa~r•
tny ~ny ~quity, lien or right under or by virtue of thif mortyaye; •nd in the •vent ~aid MORTGAGORS ~hall fot any reaw~ fail to keep tha said prem+~a~ so
infur~d, w f~it to deliver promptly any of ~aid policies of insurence to said MORTGAGEE, or fsil promptly to psy fully any premium therafor Or in any
re~pect f~il to perform, disch~rqe, execute, effect, complete, comply with and ~bide by thi~ <ovenant, or any part hereof, seid MORTGAGEE mey oface ar.d
p~y for ~uth Irourancs or •ny pert fhereof without wriving or aFfectiny any option, Iien, equ+ty, or righf under or by virtue of this Mo~tgage: and the
fvll amount of ~ach ~nd ~v~ry ~uch payment ihalt be immediately due ~nd p~yable ~nd ~hsll bear i~tersst from tha date tfiereof until paid at tha r~te of
nine per cantum p~r annum end together with such inrerest thall be secured by the lien of thi~ mprtqsfle.
4. Tc p~rmit, commit ur suffer no weite, Impairment er deterioratian of faid property w any part thereof.
S. To p~y aN ~nd •ingulu fhs cocts, charges •rtd axpenie~, indudinp a re~aon~bl• •nomey'a fe~ •nd coits of sbatr~c» of title, incurred or p~id at
any time by teid MORTGAGEE, because or in the event of the feilure on th~ part of th• tsid MORTGAGOR to duly, promptly end fufly psrform, dittharya,
~x~tut~, effect, complet~, comply with and abide by •ach and every the ttipulationt, ~qr~tmerts, conditiort~, and covenen'i of said promiswry note and thi~
morrp~pa •ny ot aither, and s~id costs, rharges and expenses, aach and evary, shall b~ immedistely due ~nd peyable; whether or not there M notic~ da
mand, attempt tp collect or wit pend~ng; and the full amount oF each end evary such paymem ~hell beu inreresf from tha data thereof untii paid ~t rh~
r~te nf nins per centvm per annufn; and aIl oeid coats, tharqes snd expenses incurred or paid, tosether with such intQre~t, •hall b~ ~ec~red by the lien of thit
mo?typ~.
6. That in the event of eny breech of thi~ Mortgege or defeuft on the poH of the MORTGAGOR, o~ (b) in the evenf sny of seid eum~ of money
h~retn roferred to be not prcmptly anc+ fully paid within thirty (30) days next after She tame taverol~y bctome due and payable, without demend or notics,
or (c) in th~ tvtnt each end every the stiputetion~, agreements, conditions and covenenh of a~~d promitsory note end th~s mortyaye ~ny or either •ro not
~uly, promptly and fully performed, d~schargcd, executed, eifected, completed, complied with an~ abided by, then in either ot any ~uch ev~nt tM said ay-
prep~to svm mentioned in said promis~ory note then remaining unpeid, with interest accrusd, •nd •II money~ ~ecured hereby, ~hall become dut •nd Rey~
ab!• forthwith, a there~fter, ~t the optlon of taid MORTGAGEE, as fuily and completaly s• if sll of ~he •aid sumi of money were oriyinilly ar~pvlated
W b~ paid a~ i~ch day, any9hing in said promi~sory note or in thie Mort~age to the contnry notwith~tendin9; end thereupon or thereefttr at the aptio~ of
~aid MORTGAGEE, withou! notice or e+emand, wit at law or in equity, there~ore or thereah~r bequn, may be prosrcuted ss i4 all moneya securad hereby
had matured prior to it~ irutitwion
7. Th~t in fhe event that at the beginnirtg oi or af sny time pending •ny •uit upo~ this Mortgege, or to forec!ose ie, or to reform it, ar to entorc~
payment of any claim~ hereunder, said MORTGAGEE thall apply to the Court heviny jurisdiction thereof For the appointment of a Receive~, wch Co~rt fh~ll
Farthwith appoint a receive: of ssid rnort9aged property alt and singuler, includ~ng all snd ~ing~lar the inrome, profirs, issues ~nd revenue~ from whetav~r
tource darived, e~ch and avery of which, it being expressly understood, i~ heraby mortg~9ed if spec~fically ut forth end deuribed in iM gr~ntinp and
hsb~ndum cl~usas hereof, and such Receiver shal{ have ell the broad snd effettivs 4unction~ and puuwera in anyw+se antruated by • Caurt to a Reteiv~r, ~rrd
•uch •ppointment ahal! be made by such Court es en admitted eq~ity end s mateer of ~bsolute riqht to said MORTGAGEE, •nd withous referenc~ to th~
~dequ+ty or inadequacy of the valve of tha preperty mortgaged or to the totvency or insolvency of said M,ORTGAGOR w the defendanif, and that fuch
renfs, profit~: incom~, iasud and revenue~ shafl be epplied by such Race~ver accordiny fo tha lien or eouity nf seid MORTGRGEE and th~ practiq of wth
Cewrt.
8. To duly, promptly en~ fully perform, discharge, exetute, effect, camplete, comp~y with and abide by eech end every ihe ~tipulat~ons, syr~ementa,
canditions ~nd coven~ms in safd promiinory note and it~is mortgage set forrh.
9. Th~t in tfie event the ownersh~p of the mortQaged premiie~, os any psrt the~eof, become~ ~e:red in a person other than tM MORTGAGOR, tM
MORTGAGEE, 1t~ tucceuors and es~igns, may, without notice to the MORTGAOR, deal with •uch tuccessor or successor in intereit witfi referance to thi•
mwt9ay~ snd the debt hereby secured in the iema manner •t with Mangegor without in eny way ritietiny or ~disthargirtfl the MortgsQon' liabiliTy hert
undtr or upon the debt hereby secured. No sele of tha premite~ hereby mortqaged •nd no forbearar.~e on the part of the MqRT~GEE or its wccttson
or auigni and no •xtensian of the time for the payment of the debf hereby ~ecured yiven by the MORTGAGEE or +ts succvvyra w. aaaipAr,.:shaH opsr~t~
lo r~hsw, discharqe, mod+fy ch~nfle or effect the oriplnal liability of the MORiGAGOR herein, either in whole or In pa'~:
10. h it spatifically sgrsed shet time it of the este~cs of this contratl snd th~t no waiver of any obligatiot~ MrOvnder oe of fhs o~i~~tipn ce•
cvr~d hat~by shall •t •ny tima rhereafter be held to be a waiver oF the term~ hereof w of the insir~ment •cwred herbr~. :
11. In addi!ion To the foregoing monthly payments of princpai and interest required by the prom;swry note ~eturid heraby, mortqtgoi:COv~al4antz
ond ~9~aes to pay to mortpagee with each month:y payment m add;tions) sum estimared by morr3;,gee ro 6e equa! ro I~~1,,Of'2he annwl cost of fi~elfotmw-
inp: ~ • -
~
A-AIt n~l property t~xas levied or essased against tfie abave desnibed real eitate. i~'
B-Premi~ms on fire and windstorm insurance a• herein requirect to be cerried on the %mprovementi ~+tuate on the ~bov~"d~ictib~d~pr~rJ~iiiFi.~
C-Prem'rum~ on auch mortgage guaranty insuren<a es mort9a9ee thall from tlme to time detm fit ta carry on tht loan 4ECUrpd C1Qf~b~::`~
Mortpagr., shell from timc to time notify mortgaQor i~ writing of the amount due end payable hereunder end tuch sum ~hb91 fhbFeupcln b dw Md
pey~ble on the due date of the next manshty payment snd eech ~uccesaive month thereefter unti! mortgegre ~he!! not~ty mortgagor df a chanp~ in sueh
~mount. Such tums ~hell be •pplied by mortgagee toward the payment of roal property taxes, fnsurence prem~umt, snd mortfleye pux~Yity irtsuranta
premiums. r
IN WITNE55 WHEREOF, tho ~aid MORTGAGOft ha~ hereunto ut hit hand end seel the day~and~es ir afor; id. ~
f
SiQn~d, led ~nd delirer in • pr of: L' I~
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STATE OF FIORIDA ~ i , ~ ~
ccwr+~.of~ ruc~.~ ~ ,tt'` C~~r1K
6~rP?f~• ~v+'p~!~rY•'lPfrs~rad ~ ~ v , ~ ~ •ncf
; e hii wife, to ms well known •nd known to rr» to b~
dK ~Tndivldvall~ detdibsd. ~ i~d who ~xecu+ed tha fareqoiny Initrum~n , anci ~ckmwledp~d befon me that they •xecvted tha wma fw 4f» purposes
fhwrln bipressed, tid tEw ~+~,d----~ . ~~..C2 YO~~°
UvFFs q1 'NM~~aid ' ~ ~ ~ ,~ohn F~a H~k upon a Hp~rat~ ~nd p?lvats
~x~mitUtiog hy rr,y t~krn iM~t~ts ~nd epen fro•n her ia+d hutband, ~ckrawlsdged to •~d bafon mr that the exeo~ted ~aid in~~r~m~nt frwly and volver
?~8y-ie+d'whhavt •ny,-tqrri~ttlsiCR?, eon~traint, epproh~naiQg,~or fesr of or from h~r tsid husband.
' t ' • i Tr~~~
V1HT~tC55 R'y.xa~}~~! otficial seal thi~ p~_..! day T~ A. Q. 19~
Notery Pubitc in ~nd r St~t~ c+f Fbrlda ~t I.~ry~
My Commiuian • r • ~_~-~e~
Return To:
Cit~z~m Federa! Savings i~ Lcan Associ~tion ~
o? s~. w~~. co~~,+y ~MxO~±a ~M~rd~ t, 1469
Fi. Pie~ce, Flo+ide ~jQ~~! ~ j~ ~~8 i~