HomeMy WebLinkAbout1055 3. To ptacr and continvous!y keep on the r:J,~G~•f~31 nc+v o~ herpafter eit~ate on sald lend arci on al; ~•q_i~~nent and per=ona(ty covareo by this mortg-
ege, w~th e(I p~tmivms thcreon pa d in fu;l, fire ~nsvra~~_e ~n rhe vsu3f sfanda~d po!icy torm, ~n a s:..n aprxovrd bv the MOIt~:~::G~E, a~d wh~ds~o~m
ina~ronee in ~he usual srand;rd po::cy form, in a s~m approved by ihe MORTGAGEE, in such canpany ur con,,~an~es ai ihe MQRIGAGEE may
dirett; artd all fire and w:nds~orm ins~rance po!~cien on tny of stid b~ild~ngs, any inttr2st ~herein or part thereo!, in lhe agg~c~gare svm afo+esa~d ur
in excess thrreof, shafi coroain the ~suo1 sta~~dsrd mortg~gcc cia~se or svch other ciause aa the Morrgaqee may rrqu~re, making tt~e ~ess ~ndrr s3~d polE-
cies, each and every, paya~!e to said A1pRTGAGEE as its int••r~~st rT~ay appear, and ea:n and every such po ~cy s~alt 6e prompfiy ass gnrd an„ ~ei~vered ro
eny held by seid MOktGAGEE as f~rrhar security to ia~d nro~tgage dobt, and, nof less than ten (10) days i~~ advance of the exp~r;r~on or each pol~~y, ro da-
liver to said MCRTGAGEE a rcnewal the.eof. togerher with a rece~pt tor the pre~n~um of auch rene,~va'; a,~d there shall be no f~re er wlnasror~n ir.wrance
placed on ary of sa~d b~ildings, any interest ~i,ere:n or part fhereof, U:1~C'15 in ihe fcrm and w;rh ~he :oss pay.,6!e os af~resa;d; and ;n rhe event any svm
of money becomes p~yable under such poGcy or pe!:c~e: sa~d MORTGAGEE shsll have th~ op+~on to rec•,~.~~ ~~,d app'y tti~ sa:ne on accuunt of ihe indab~rd~
nesa secvred hereby or ro perm~t sa;d MORTGAGORS to rec~iv~~ and ~se it or any p,~rt ~h~~:eoi ~c~ . _~_.s ~..ii -..:t ~h.-..,, cr ,
ing any equlry, tien or riqht under or by virtue of th;s mcrrgage; and ;n the event sa d MU2TGAGORS'shitl f~r any reason fail to keep the sa;d premises so
insured, cr fail in delivcr prorr.ptly any of said pol~ties ot insvrance to Sa d MORTGAG[E, or f~i! pron,pt:y tu pay fu:~y any prr n~~m tiicrrfor or in a~~y
respect fail to perform, d~scFarge, exewie, effecc: comp!ete, compiy ~n,irh and ab+de by rfus cove~~anr, ur any par! h,raof, s:~~d ~.~{jRT;~AGEE m~y piaCC .•~o
pay for such inwrance or any part thereof •N~thow waiving or affecti~~g any opt~on, I~en, equ,fy, or ngln ur.der or b~ virtue of rh~s Mo+rg~ye, and ~h,
f~~l amount of ejch and every such paymrnt shall be immediately due and payable anci shall bear imrrest from tha data thrreof ~nr~l p;,~d at rhe rare or
n~ne per cent~m per ar.rtum and loaethe~ wirh suth intr.es7 si,ai~ 6e sewre~ by the lien of lh~s morrgage.
A. io permit, commlr or suffer no waste, impa~rment or deteriororon of sa~d property cr any part thereof.
5. To pay all and sing~lar the costs, charges and exper,ses, (n<+udin~ a reasonab!e attorneq's fee an~! ~os~s of abstracts of ti+!e, incurred or pa~d at
any time by said MORTGAGEE, because or in the event oi the tallure on the oart oi :he said h10RTGAGOR ro du!y, pron+ptly and fuliy p?; forrn, d~scha~ge.
exec~te, effect, cemp,ete, comply w~th and ab;de by each ar.d every the stipulat~ons, agree;nents, condit~ons, and covenants of said prom~ssor~ note a~,d th~s
, mortgage any or either, and sa d costs, chargea and expensas, e3ch and every, shail be immed~ately d~e and paya6le; whether or r.ot rhe~e bz nei~ce d~-
mano, attempt to collect or su~i pend~ng; and the fuil arnount of each ar.d every svch payment shail bea• interest irom the date thereof unt~l paid at ti,e
rate oj n~ne per c~~nr~m per ~n~~c:,,; an~ ~ii sa~d ccsfs, ci,e~ges and rx.;tnses ~nc.,rred or pa~d, toge~har w~th auch inrerest, shall be secured by the I~er~ of th~s
mortgaye.
b. That (a) i~ the evznt of any breach of this Morrgage or defa~~:'t on the part of the ~410RTGAGOR, or ;bj ~n the ever.t nny of sa'd sums of money
herein referred ~o ~~e no~ prompr;y and 4ully paic: wiih:n th~riy ~30; days ne.~~ att.~r the same severa:ly 62come due and payabie, w~thout dema~d or nctica,
or (c) in ihe event each and every the stip~larion:, ayreements, cond:tlons and covenanrs of sa d pron,issory no;e and ~fi:s mortgagr any o: eirher are not
~uly, promptly and f~ily performed, ds,ha~ged, e?cecured, effected, co:np;ered, mmpl~ed w~th and ab~ded 5y, then in e~ther or any such event the sa~d ag
gregote sum mentioned in said promissory ncte then remaining unpa~d, vri?h inie+e~t accrurd, and a!I moneys secured hereby, shall become due and pay
abie fortfiw~th, or thereaher, at th^ op~~on of sdid h1pRiGAGEE, as fu~ly aru~ complercty as if all of ~ht said s~ms ot money werz or~ginal;y 3t:pu;ated
to be pa;d on such d.:y, anyt;~ing in sa:d pco:r,~fsory note or in thls Mortgage to the contrary notwi~hsta•~d:ng; and thereupon or tfiareafter at the opGon af
~aid MORTGAGEE, wirhout nonce or demand, suit at law or in equity, therefore or th~reafrer ~ec~un, may be prosecuted as if aN moneys secured hereby
had ma>wed pnor to +ts insfitution.
7. ihat in the event that at the beginning of or at jny time per.d~ng any su~t upon this Mortgage, or ta foreclose it, or to refonn it, or to enforce
payment of any ci3ims here~nd-er, said MORTGAGEE sha!I apply ro the Couit havieg j~r~sd,ct;on ther~o± ior the appointment oi a Reteiver, such ~ourt snaii
fortFiw~th ap~o:nt a rece+ver of said mortgaged properfy a!1 and singufar, includ.ny ait and s~~~qular th,e in~ome, proi~ts, issues and revenues from v~•ha?e~er
so~rce derived, each and every of whkh, it be~ng expressiy undcrs•ood is hereby mortgaged as ~f specfic;;;y set fo~th and destr~bad in the ~r3nt~n3 ar.d
habendurn clauses hereof, and such Receiver shail have a~! the broad and effiecnvc funcr ons a~,d pc~ners in anyw~se e:~rrusted by a Covn to a R~ceiver,-ar.d
s~:ch appoinrment shalt be made by such Cou~r as an ad^~i!ted equity and a ma!ter of abscl~te r.ghi t~ sa~d MCRTGAGEE, and ~ntnc~ut reference to the
ndeq~,cy or inadeq~acy of the value of the property mortgaged cr to th_~ sc.vency or insor~ency of sa~d MORtGAGOR or the defer.dants, and th;t such
ren!s, profirs, income, issves and revenues sha;i be appiied by wch Receiver accord~ng to the iic~, oi eq~ily of sa,d ~.10RTGAGFE a^d the practice of s~cn
Coun.
8. To du!y, prompt;y ar.d fully pe~form, discharge, execute, effect, Complere, cor.~p!y w~th and abide 6y eatn ard every the stipuljtien=, agreements,
cor.aitions and covenanrs ~n said promissory note and 1h s mcrrgage set fonh.
9. Thaf in the eve~! the crwnership e,' tne mortgaged prernis=_s, or any part thereef, become: vested in a pers~n other than ihe MORTGAGOR, the '
MORTGAGEE, its successors and asstans, rnay, ~nri~hout r.etice te the N~ORTGAOR, deai •n•hh w.h scccessor or s~ccessor in interest wititi referer,~e to th~s
mortgage and the d~bf nereby sec~rcd in the sa^~e ma~~;;er ss w~}h ~'ortq3gOr w;tF.out in any ~,vay vir;ar;ng or d;scharging the ~Aortgagcrs' liabilrty here-
under or upon the u'ebt here~j set~red. No saiz of t~e F:~eT~ises hcrebv mortgaged ar.d ro fo~bearance on ~he part of the /,~ORTGAGEE or its suctessors
ot assigns and no extens~en of tne tirne fo- the oayn,ens e? tre debt hereby sac~red gi~•en by the l.'•ORiGAGEE o~ its wccessors or ass~grs, a;~ait operate
tt, re~ease, d:scharge, mod;fy change or affect the orig~nal i;ai;,;.ti ~f the MOP.iGAGOR here~n, either in whole or in part.
1Q. !t is sper~f~caliy agreed that time is of th~ ess_n~e of thfs contract a~d that no waiver of any ob!!gat:on hereundcr or oi the obligation se-
c~red hereby sha:l at an~r tin•e thereafter be hc:d to bn a waiver ef th~ terr~s her~cf or o't ihe instru^~eni secured herby.
11. In a:id t:e.n ro th~ forege'~~g momh!y payrnmts of prlnc"pa! and ir.teres! requ red by rhe prom sscry no•e se-~red hereb/, mert~ayor covenants
and ag~ees to a,y to n:o-tgagee v.ith each mon?h'~ pa;•.~,ent ar add,rional s~•m es!~n ared b~ mortyagee ro be eq~ai to 1; 12 oi tha ann~a! cost of the foliow-
ing:
A-All real pro~crfy ta,ces levie:: or ass~•ss.d g,i ~st !i~.c at;ove desvib~d r~al es'ate.
S-Pr.~~, ~u,rs cn fve and v~i~dsrcr,,; ~ravra-~:e 25 ~,.rc n req~'rcd ro be ca-rred cn !he :rr:;~ov?me.~fs s'rua?> on tna above d:>c~;ted pre;n~s~s.
f-PrE.~niur*~s a~ such mcrtgaye gva~anty icsuiar,e as ~no'tgaeee sha'.i f;cT trne to ti•~e deer~ fit to ea~ry on t~e loan secured herebf.
M.ort agee sha 1 Src,~i t~~~,.~ tp ti~r~ r~i'; c t ;g~~ n•r:r •~r~ of the p~~- e~nd~r a^d s~ch s~~• sh~ l t~~rc~pon 6e du~ and
8 a ro, ~t d,e ard a a.,'e her
~ayab!e on ~ne CIJB ?3~@ ci the r~xr n;o th:; o,, a• d C;:il s..~ccssf~e mo~.fh r're•eafra~ ~•rt~ morroagee sha'; no~ f,~ rr~or~~,3~. o; a c~~-,~t ;n such
ae~::urt. Such sums s~all be app!ied by me!tgac:e toY'a-d ~he pa}ment of rz;i pr~Qeriy tzxes, inxs:r~.x? prem:vrns, a•~d mortgage g.;~ranty insutar.ce
premiums.
IN VdITNc55 :`:H~REOF, the sa~d hiORTGi.GG.~' hzs hereo^.to set h~z hand and scal th<_ day and yea first a,'o~esaid.
5;gned, a'ed nd d~livered in !he presance of: ~
~ ~ ~ ~.~-G~fiL•"'~" {Seal)
_ ~ ~ _ •L/'~'C-G~ _(Seaf)
- (5eaf)
- - (SeaO
STATE Of FIORipA ~
COU'17Y OF ~&1 Tlt !.~li C 1 E' 1 S5.
Heforo rre personally aFpeared ~
r'
F r
C.~ .__~O'r: , _ and
i+-'-1 ~ 8 JE E_~:04: _ h~s wife, to me we!I kno',wn ar,d icnc.vn to me to be
the ind~viduais described in and •.vhu executed the forego~ng instrument, ar.d acknovvledged b~fore me tl,at they executed the same for tne purposzs._
there~n expressed. And thz said______. 1~' 1`~ ^'~F'
~-~Q'r1 u_ ~_4i
arife of the said ~ I'L T1 ~7 P_ . W upon a sepa~ate and privare
exam;nat:on by me ta~en separate and apart fre:n her sa~d husband, ackno.vledqed ~o and befor~ me tnat she execu~ed said insrrument freely and vo~un-
~a-~:~ and .v rhout any ccmp_.'S~on, [on5tra,nt, zep~ehens,cn, or fear of cr from her said husbard.
~ T'.t
k ;'~Jii~tiE55 rr.y har~d end oif;clal saai th~s_ _~"~4.~_ f - ~i~
t day o._~`~ , A. D. 19.r~
~ ~v ~
Notary Pun!ic in and for the State of Ffori~a et Large
My Ccmmission expirea: ' - ~
P.er~m Tc: ¢ . . '
~ First ~Fderai Savirgs 8 Loan Associ;!Icn ~~1 ~ ~
~ "c ~,cet P o~ ~ t,.~~~~ ItS.LV~ hu3~•"Y PL'R.L1~ . _'~TE cf ~RID.4 at ~ ~ ~
P: ~ N_ 800K , . ,~ti~ ~ ~ _ ~ ~f ~W -
. ~ ~ ~ `
: f~"~ , '65 JilN ~ PM Z : 5 2 • ~ ~ "
.
. . - ~~3~ ~ ,
~ ~ ~ ROG~R ~'CITi~~S. CI.ERK
~ ST. LUC1E COUNTY,
- • F~.ORfDA
. 1~
se:~w~.~.~ .
- ~