HomeMy WebLinkAbout0627 3. To place ~~d continuousiy keep on the bu~:d:ngs now er hereafter aituate en sa~d ~and ard on a'I eqvipment end persona!ty covered by this morty
ag3, with all premiums thereon pa d in fuil, f~re insurance !n the usu3~ s~andard po!icy form, in a sum approved by rhe h10R~v.~GEc: and w~~~dS~Gnt~
insurance in the ~sual srandard poficy fo~m, in a sum a~pro~ed by the MCRTGAGEE, in such company or con:panr_s as the MORTGAGEE may
direch and all fire and w~ndsterm insu~ance po!k~es un nny of said bvild~nqs, any intereat therein er part thereof, in the a99~t•ga~i s~m aforesaid or
In extess therrnf, shall ;ontain the uw~I star.dord morty.~gee cl3~se or wch other clavse as the Mortgagee may requ~re, making the loss under sa~d poli-
cies, each and every, payab!e to said MORTGAGEE as its inierrst may appear, and each and every wch p.:icy sf~all be promptly ass gned ar.d de~ivered !o
eny held by sa;d MORTGAGEE es furthar security ro sa~d m~rtgage debr, and, not Iess than ten (10) days in ad.a~ece of the exp~rat~on of esch pol~cy, to dr
liver to seld MORTGAGEE a renewal the~eof, togethrr wrth a receipt fot the prem;um of such renewai; and there shall be no f~ra or w~ndstorm insu~ance
plated on any of said b~ild~ngs, any interest there~n or part thereof, unless in the fonn and wirh the ~os: payaE~le as aEoresa~d; and i~~ the e~ent any sum
of mo~ey bacoRie3 payable ~nder s~ch policy or poi~cies said MOR7GAGEE shall have the ept~on to receive cnd app:y tne 53mc' ~n acco~N of Ihe indehted-
ness secured hcreby or ro permlt safd MORTGAGORS to fCCC~bd and use it or ;ny p,~rt th~•r<,of rcr e,~~ r~,:,-; os_s, ~hr::~. :7 ~'~P~~'-
ing any equity, lien or right ~nder or by virtue of this mor'qac~~; ar.d in the evem sa d MOe~TGAGdRS sh~i!I ',or any reason fail ro keep the sai~ pre~tus.s so
ins~red, or fail to deliver promptly any of sa~d po!icies of inwrante to Sa~d MORTGAGEE, or f~i1 pcomp!iy ro pay f~:iy any pr.~~iivm thcrefer or in a~y
raspzcr faii to perform, discharge, execute, effecr, comp!efe, comply with and ab~~e by rh~s covenant, er any parr h,,~reaf, sa~d MGRT'v'AGEE may p~ace a~o
pay tor wch insurance or any part thereof withoul wciving or affeding any option, tien, aquity. or rght under or by v+rtue of ihis hlortgaye, and ?hr
full amo~nt of each and every such payment shall be lmmediately due and payabie and shall bear interrst irom thc riate thereof ~~~ril p~~d a~ the rate ot
ni~e per ienturn per ann;~:n ~nd to3e~h_r wi~h such interest sha~i ba secured by the iien of th~s mortgage.
4. To permit, commit or suffer no waste, in:pa:rment or deterioration of said property c+r any part thereof.
5. To pay all and sing~!ar the costs, charges ar.d exper.ses, inciuding a reasonable attomey'a fee and costs of abstracts of tit!e, incvrred or pa~d af
any tim.e by sa~d MORfGAGEE, because or in the ever.t cf ~he fa:lure on the part of the sa;d h10RTGAGOR te duly, promptly and fvUy p~rform, d~xharge
execute, effect, complete, comply w~th and ab:de by each and every thc s~ip~lal~ons, agre~•ments, conditions, and covznants of said promi>sory note and this
mortgage any or e~ther, and sa;d cosrs, charges and expenses, each and zvery, shall be immed~ately d~e and payabfe; whether or not there be r.ot~~e d_~
mand, attempt to collect or suit pending; and the fufl a:nount of each and evrry s~~ch paymem sh~ll bear i~terest from the date fhereof untii paid at t~~e
rare o' n~ne per centu~n per an~,~ n; and ail sa~d costs, charges a~,d ex::anses ~ncurred or paid, togather ~v,th such ~nterest, shall be secured by the lien o( th~s
mortgage.
B. That (a) in the event of any breach of this 1r!ortgage or default on the part of the MORTGA.GUR, or (b) in the event any of sa'd su^•~s o` money
herein refarred to be not pro~~~ptiy and fuiiy paid within ih~riy ~30) days next art_r the s~ma severa:iy become due and payable, w~ti~out demand cr notice,
or (c) in tne e+ent each and every th~ stipulations, ag~eements, cond~tions ar.d covenants of sa d promissory not•: and th;s mortyage any ur either a;e not
~u!y, pren•ptiy ar,d fi~l;y performed, d:s;harged, exe.utad, effected, completed, cemp!ied with ard a~ d~d 5y, then in e~ther or any such event the said ag
gregata wm ment~oned in said promissory note then remain~rg unpa~d, w~th intere>t acu~ed, and a~l rncneys secured hereby, shali b~come due and pa~-
ab!e forthwilh, or thereafter, at ihe op!!on of said h1pRTGAGEE, as f~;ly arid comp!etely as if a!I ~f nc~ sald sums of money were origina;ly st~pu,aied
tp be p~ d on suth day, anything in sa:d promissory note or in ihis Morigage to ihe ton!rary not.vithstanding; ard ihereupen or fherzaftcr at Ihe opt~on ef
said M,ORTGAGEE, witho~! r.or~ce or demand, suit at law or in equity, therefere or thereafter bey~n, may be prosecuted as if all moneys set~reti hereby
had matured pnOr t0 it5 inst~tution.
7. That in the event that at the beginning of or at any time pending any auit upon this M~!tga~e, or to foreclose it, or to refcrm it, or ro enfcrc~
paymeM of any c!aims hereunder, sa~d ~ti10RiGAGEE sha'i apFily to the Court having jurisd,ct~on thereef for the ~ppo~nhnenl of a Receiver, wch Court shalf
forihwith appoint a rece~ver oE said mortgagcd property afl and sing~lar, inc;~d rtg all and s~ngu!ar the Income, profits, issves and revenues fro.n wha!ever
sorce derived, eath and every of wh:ch, it being exrress'~ unders~cod. is hereby mor!gag:d as ~f spec•l~tr~~y set forth and dzscribrd in the g~ar,ring a~~d
h~bend~m clauses hercof, and such Receiver sha;l have aii ihe bread ar.d effeuive funct o~; and pov.ers in anyw~se entr~sted by a Cour~ to a Rec~iver, acd
s:;ch appointment shall be mad> 6y svcn Court as an ad •i;tted eq~ity and a matter of abso'~~re ri~M ro said MORiGAGEE, and without reference to ihe
edequacy or inadequaty of the value of t{~e property mo~tgaged or to rna so.vency or in;o!:encr o{ sa;d MOR~GAGCR or th= defer.dants, and that svch
ren~s, prof~ts, incorne, issues and reven~es shaii be app~i~d o; v,,:i~ Rec;:iver :c~oru~ng to the I~e~: u: eq,:~t~ of sa ~ tLc~.nTv:.~Ec and ti~_~ pra:t!_: of s,cn
Couri.
8. To d~'y, prompt!y and Fu!~y i.er;o~r.+, d~s:harge, execi~t~, CFtfCt, CO'nLiCtP, Ciin:I:~y` W'~!h and airdc by ea'.h and every the s!:p~lations, agree+t~eMS.
cond~;iona and c~venants in said premissory note and th;s mortgdg> se! forth.
9. That in the event tha cv:nersh:p of th~ rrorrgaged prernises, or any part mcreof, beco:nes vesred in a penon cther ihan the ,'~~ORTGAGJR, the
h'.ORTGAGEe, its successors and ass:ons, inay, v.:`s~0ut nctice to tt~e .\10PTGi;O!i, deai ~v~th s~ch SJCCCS50: 01 wccessor fn :nterest ~v~~h roferen~e to th~s
mortgage ard the deo! her~by secured ~n rhe ss•,~e ma,rer as w~th ~:~ar~gago~ ~v~fhout ~n any •.vay v~t,ating or d scha-n:~;~ thc 1.1orr~~[JOfS~ Ii3EJlilfy hzre•
u^c)cr or ucon the deot h~rr'o~ s~~vred. No sai_ cf tf:•~ Fre r~s^5 hereby ~nortgaged ar.d no for'teara~ce on the part of tii? /:,ORTG:.v_~ or i1s suctessor5
or ass~gns and no ezrens~on of fh~ fi~r,e fer t;,e paymenr oi r~~ j~•~~ hr~eby secured o~ve~ b~ tne t.tOR?G~GEE er ;rs succe>sors O' d55 JCf:3, ~:~a;l o,;erare
Io re!e3se, d,scha:ge, mcdif~ [har.gc or aifect the c•ig~ni ;lan.;:ty o? the A',CRTGAGGR L>rr~n, either in whoie o• in part.
i0. It is spec~f~caiiy a;reed that time is of the esser;e ef th;s coritract and that no waiver of any obl;gat~on here~r,der or of the obiigation se-
e~red hereby sha!i at any tim> ~n.reafter be heid to be ~ wai•.er ef the te~ms h~recf or o' the insi~vmrm secured hrrby.
1?. In ::id!.c 7'o r!,_ for~,~c ,,q mCn'n'Y 'ra:,,.^;its Of ~nc , ai and i,r.,•cs+ r~qu r~d b~ thr Fvo~^ sscry r.o'~ secured he•rbi, .^.~ortyagor eovensnis
ard agrees to poy ;o n:o•r3~gae ~.tilrh each month'} pa~~ e•~t an,:.ati ~ onai s~m est:^ ~ted b~r mo'!ys~ee to be equal to 1; 12 ef t::.~ an ;uai cost of th~ fo'uow-
in7:
A--A,I r~a! Frcpe,-ty taxzs !e:~=4 . 355~'SS~Ci ~~^,3i•,st ~hc c.t:o.c d_>cr:bcd rral es!ate.
g_-Fr_.:::~us on fire- ar.d .:irdstorin ins~~•arce a; iiere:n rcq:;red to bc tarr~~d c~ th~~ ;•;rovemc-ts s't:.at. on tF,^ abovc d_stribr~ p!emises.
C-Pre.^i:~: . e7 s~~ch n~,ort~:ge aua~=nty ~ns,;rar as n•=•t~3~•_e sha,~ ~rc,~ t:-e 'o !:~:-c ~+c^~~ f~r ~o carry on th~ ioan sec;~cd hereb~.
Mortgaaee s:,~'i t•c,,, ~~..~e ro tlrr~ no'if~ r,•crr:;c:g~r .!~ng of tne a- a_~! o;e ard p3yat~:<. herc~~J~r ar,d s~~'r, s~,~ s1•.~ii ti:~raupon be d~c and
Fayah!e en rne d,, datr_ cr c_~t r.o^;r.; p.,y„.^r a~,dne cF s.;a^sske r,o,•^ •}.~.caf?zr u~.i' mcrr~~yee sn~J no!ii; ~n~~~_,~or ei a change in such
a^'ount. Suth s~','S a.i 'uc ac~,!ied by mer!g~~^e t;r.c~rd ri'~ p;~r. e~v of :e preperty taxes, ir,s~ra:,c_~ pna~n,u r~.s, a'd inGrtg:3ge guaranty insurence
oremiums.
/y~! l';IT`;cSS ::NEREOF. the s.=. d.h40e~G?G^? has h•~rn_,~ru set h:s hard and sc3! +hc da_,~ and year f~rst afere:a d.
!
igned, a e and e:ivered in the presence of: ,
~s~ _ ($eal)
_r~~~•~~.'i< Z~ ~[~1 (Sea!)
l$ea~)
- - (Seai)
SiATE GF FLORIDA ~
SS.
CO:INTY OF _ S€~ iTl~ . LUC ~ 8 ~
Before me personally appeared ~_~Tgmeg HaTYvOCk_ _ - and
_ __Yatricia HBriCdC}~_ h~s wife, to me well knc~•n and kno•.vn to me !o bm
the individue~s described in ard who axec~~ted tha fcregoing irstrument, and acknowiedged before me that they exetuted the same for ihe purposes
the~e~n exnressed And the said P~~~~C_j-S__HA21CdC~L _
- - -
wife ot tha said J~IIl@9 H$T1COC~C _ _ , upon a separate and private
exam:r.at:on by rne ta~i:n separate and apar; frern her sald husband, acknorAedyed to and befere me that she exec~?ed said instr~ment free~y and volun-
t~r~iy and v~~tho~t any comp_~sion, constraint, arp-ehen~s:o~n, or fear of or from her said husband.
WITNcSS my hand and offfc;al seal !hc_____ ~LS~ dzy of^ ria _ A p ~q6S
~ i
_ l7V • ~
` Vot ry Pob!~c in and for the Stt•te of f;orida at Large
' My Commission expires: ~ ~ z¢ ~ / ~
Re+urn To: ~0
'ririt Federai Sjviny3 8 loan A550{idt:~n ~+IOTARY PU°liC, STATE nf 6L"Srf(?~ -•t lA'~i;E
Of Fc.~ P_;cc. ~I~~O IiNO f~E f1 rr'Y GO!;1"dl$Ji0`t Er:F?i'~:~.:«~~..y4..7J5!
FoH PiE•K@, fI~..Ud C RilED
iN • • 900K - '
-
- s~ ~ o
'65 MAX 2 7 PM b • ~ U `r~' . . ' .
~ .L~
i~'iC's~~si j ~ • .
, .
. f~, ~
ROGER POi i RAS, CL.ERK f``'
ST. LUCc~ COUNTY,
~ F~ORIDA
a~ax~.~9 ~ :
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