HomeMy WebLinkAbout1063 To p!acc ~n~ co::t~nuous!y V.eep a~ !h~ bu~'d:ngs naw or hereafter ~rt~~atr on said ;and a::i ai' eq;;I~~-n~~nr and persun~ily covered by this mortg~
sgr, w:th a!! prEC~i~ms Ihereon pa d~n fu~l, 4~r~ ii:SUr3nCN In the vs~al ncandard ~lity form, in a su~*~ approvad by tha ,titOkl~AC;EE, a~~d windstorm
insvrance in the ~sual sfandard pa! cy form, in a su.n ap,~rotied by thr MORTGAGEE, in such tompanr or co•npan;es as the h10RTGAGEE may
dirett; and alt fire and w~nc{stcrm i~ssurance pol~cies on any of sa~d build~ngr, ~ny iriterest therein or part thereof, in the aggregate i~m aforesa~d o~
in excess thereaf, shall conrain the usw: standard morrg~gee clause or :uch other clause as the Morrga3ee may requ,re, mahing thz loss under sa~d aoli-
c~eL each end every, payab!e ro said MORTG.AGEE as ~rs intvraar may appear, end each and eve~y such pa!~c~ shai! Ue promptiy assg~~rd a~•:d deiiv~~red to
any heid by sa~d :p!~R(GAGEE as further sec~r:ty to sald n:or~ga~e debt, and, not less than t~~ (101 days in advance of the expirat~on of each po~icy, to de-
liver to Said MORTGAGEE a renewal thereof, toqether with a rece~pt for the premium of suth renev~al; ar.d the:e sh~;l b~ no f~re or .vi~~dsro~~n ins~rance
ptated on any af said build~ngs, a~y interesi there;n or pa~t fhereoF, u:5less in tht form and w~~h the losa payal:r as aioresaid; and ~n the event any sum
oi money becomes payable under s~ch policy or pel:cies s.+~d MORTGAGEE ihall have the Optlpn fo recaive ~n~1 apy;y she same on account of the indebted•
nrss sewred hereby or to permlt sad MORivAGORS ro recei„~ ar~1 ~ie ir or any p,~r r~;_•;~~uf io~ cr~:~v F~v; c<:•s, ,:.~i,~~~ +h•~~:,; o ~~~,r~_~~-
ing any cqu;ty, lien or rlght under or by vinue of fh~s mcrtgage; snd in the evem sa d MORTC~AGORS shall for any reason faii to keep the sa~d premis:s so
inaured, or fail to deliver prompNy any of ssid poGcies ot ins~rance lU ta~d MORTGAGEE, or i~il prompt(y to pay fuity any ~~rr~i;~rm therifor or in any
resprct fai! to parfo~m, disthar_qe, exect,>e, eflec), con~plete, to~nply with and abide by this cuvenant, or any parr hereof, seid MORTG:aGEE may p:ace s~d
pey for such inwrar.ce or any part thereof w~~hout waiving or afFecting any option, lien, equ~~y, or r~ght under or by vi~t~e of th~s Morrgage, and the
full amo~mt of each and every s~ch payment shalt be immediateiy due and payable and shai! bear {nte,es~ ir~>m tha dnte ~hereof until pa~d at the rate ol
n~ne per centum per annum and togriher ~nvrh such Interesr sha;~ be sec~red by the lien of th~s mortgage.
4, 7o permir, commit or suffer no waate, impairment or deter~oration of sa~d praperty or any part thereof.
5, 1a pay all and singula~ rhe costs, cnarges and expenses. inc~ud;nc~ a reasor.able attorney's fee and tos~s of ahstracts of tit(e, inc~rred or pa~d at
any ti r.e by aa~d MORfGAGEE, because or in the ever! of the fal!ure on the pan of rhe said MORTGAGOR to duly, prompity a~~d fvtly perform, d~scharge.
executr, efiec~, co~np!ete, canpty w~th and ab de by each and every th~ stip~lations, agree~nents, condltiona, and covenants of sa~d pr~missory not~ and ihh
mortgage any or eirher, and ld~f~ costs, chargzs and expenses, each and every, sha(i be imm2diate~y d~e and paya~i!e; whether or no! th~~ra be not;~e da
mand, atrempt to callec: or s~it pend~rtg; and rhz fu:l amount uf each and every auch payment shali bea. interest from the dare thereof ~nt~l paid at rhr
r;te o~ nine per cent~m ;,er ann,;.n; and ~II said cos±s, charg~s a~~d ex~:er5e5 incvrred or paid, tog~~ther wrth such ir.terest, shall be secured by the lien of ih(~
mortgage.
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b. That 1a) in the evenf of any breach of this Morrgage or defa~~it on ths part of the N'.ORTGAGOR, or ;b) in the event any of sa;d wms of money
herein referred to be not arampNy and fully paid wi~hin th:rty ~3"v; days next atrer the same se~era:ty 6~coe~e d~e and payable, without demand or nonce,
or (t) in the event each and every the stipu(ar~cros, ag:eectientz, con~l;;io•~s and covenarvs of sa.d prom;sso:y nota and th~s mortgage any or e~iher are not
~uly, Fromptly and iu~!y per{ormed, d.scharged, executed, effe.ted, completed, cornp!~ed with ard ab~ded Sy, then in c:ther or any such avent the sa:d aa•
grega?e sum memioned in said promissory note then ren,aining u~~paid, w~th imerest accrued, and a~! monays secured hereby, shall become due and pay
able fo~thwirh, or fhereafr~~r, at tha opt~on of said h50RTGAGEE, as fvlfy and eompietely as if a!I of tl,e said suma of ineney were originaily sr puiated
to be p~:d on such dcy, anything i:i sa,d pre r.~ssory note or in ihis Mortgage to the ccnir~~y notw~~hstanding; and thereupon or thereafter at the opt~on of
said MORTGAGEE, •n,;tf:cvt not~ce or demand, s;,~t at law or in eqvity, there!ore or thereaftei begun, may Ce prosecvted as if all maneys secured hereby
had matu~ed pnor to ~ts inst~rution.
7. Ihat in the event that at the beginn'og o{ or at any tirne pencling any su~t upon th;s Morrgaye, o~ ro for~close it, or to reform it, or to enforce
paymem of any eia~ms he~eur.der, sa~d h'10RTGAGEE sha;( appty to tha Cour~ hav~r.g jur~scl:cr:on !t~ereo! ier the appo~nrn•en~ of a Receiver, svch Co~rt shaii
forthwith appolnt a reccJver of said mortgaged preperty all and s~nyuiar, includ,ng ali and slr.gu~ar thz ir.con:e, proh~s, issves ar,d revenues from wh3tever
s~uica Clzrived, each a~d evz:y of whith, it beir.g exprefsiy understood, is hereby n.ortgagCd a3 if s~,ec~f~ca:fy set fcith and dcsCriLed in the yran!ing ard
I~abendum ciauses hereof, and such Receiver shail have all the broaa and effecr~~e f~r.cr,ons ar,~ po.ve:s in anyw~qe entrusted by a Co~~t to a Receiver, and
tuch appoin!mBnt shail be rt~ade by such Ceurt as an ad~~~itted equity and a matrer of absolute r~gnt ro said MOR?GAG~E, and ~nithcui reference to the
adequ3cy or inadz.;vacy of the value of the property morrgaged or tc the so~:en,y or ,n;e:vency of ~asd h1G~~GAGCR or rhe defar.danss, and rhat s~ch
rems, protits, income, isw~s and revenues shait be app;ied by such Receiver accord~r,g to the I;en or equit~ of safd MORTGAGEE and the practice of such
Court.
8. To dufy, promptly and fulty ppr'orm, cl~s:harge, exec~te, effect, comp!ete•, cor,,ply v.~~tS~ and abide by each and every the stipolations, vgreemenls,
conditiens and covenants in se~d promissory note ar.d th:s mortgage set forth.
9, That in the e.ent !he ov:nership of the moitnaged prem~ses, or any part therecf, L•Acu~es vested in a pe~son other than the MORTGL~GOR, the
M110RTGAGEE, its successors and ass~gr,s, may, witho~~ neti:e to t~,e A',ORTG~02, deal witfi s~ch su:cesscr or s~ccessor in inrerest wirh reference to th:s
mortgage er,d the de:bt hereby secured in rhe same manrer as ~,;ih ;.lorfga3or wrthaut in any ~,,•ay v;t;ering or d,scharg~n~ the 1Jlcngagari liab~~~ty here-
under or upon the d=_~5t hereby secured. No sa:e of +i,e F•en,ls^s h:rebp ~nortg3ged and no forbearante on the part oi the 1.10RiGP.G[E or ite successor~
or asstgns and no extens~on uf rhe ri~na for rhe payr,er;r e~ rhe deb~ he:eby secwed g~ven by tne hsGRiGAGEE or its successors or ass~gns, ahafl operate
to re!ease, d~scharge, mod~fy charge or a`fe,t the a iy~nal lia;; ,.t,; of the MORTGAGOR hereir, either in whole or in part.
i0. is spec~t~-a~;y agreed that tim~ ;s of rhe essence of '.h~s ccr,?ratr and that ro waiver of any oo!1gaY:on hereunder or of the obiigation se-
c~red hereby shali at an~ fi~~e thereaiter be he';i to b^ a wai:r. of th~ terr~ s herecf or of )he instr~rrent se:ured herby.
? l. In add.rio~ to ti~e toreae'n~ ,,.ontn'y f;ay,,,rn;s of p•i; c,r.a' ar,d inr_._s! requ ~ed by tF~e p~o~,~. cs::ry nc~a s_:ured her~~b~, mortaagar covenanis
and agrees to pay to mo tgagee .vi?t; each mon!h'y p.~;; ~,er,t rn ad:i~r~::nai su^~. es~ ~.erod b~ TOfI~d:3L'? tc be eyrl to 1 12 of tl~e ann~ cest of the foiio.v-
~rg:
A-Ail real prop~rty tax_s ie~ned cr assc;s_d a~~i•:st t%~ at;ore d_svib=_d ,:al esta>e.
B-Frer;lu~ns on fire and wir.ds'o~r.~ ins.~r•;-.ce as ne'e~n rcq~ .•~d to be Ca'ried cn tha in•~,roveme~ts s t~~a'~ or. th~ abeve d°xribed premiSes.
C-Pr<_,rn;~ms o? ._rn rrcrt~c;ge g~a!anty ins~ra~ as rr•,ortga^yee sha'I frc~• ! r.~e to dcern frt to carry on tw~~+ 'oan set~red here5y.
~.lorrg3gee sh,'•I frem t;~e to ;~^-,e nc!if; mcngag~. ;n vrrit:ng of the a^~a~~~t d;e ar.~ p3;ah'e fiereund._r and s~~cfi w~n shail thereupon be due ar.d
Fa}~ab,'e on the due riare af the r.~xt n,cnth;y pcy~,ent acd e~ch sc:ces>~ve rro~,!h !h~~reaft_r uct~: :~c;tae~ae sha:! r;o~ f~ ~r~ertgaqor of a change in s~ch
a~ount. Svch su~ns s~a'i be arF!ied by n,ortgag.~ rc:.ard t~•,e eaymenr of rea; prcpe~ty !axes, insura.~_.; pi::t:.u:T~s, a:d n;ortgage guaranty insurar.te
premiums.
!:V 4','17NE~5 V.'H~RcGf, the said h10RTG:+GOR Fas 'r^reu~to set his har.d ar.d seal !he day a~~d year fi:3t atoresaid.
igned, 5ea d and d`vered in the presence of: ~ ~ ~
_ ~s
,C~'t
't~~- ` ~ (Seal)
/ • ~ , J i~~~~ J+
~
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(Sea I)
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- - (Seap
SiATE OF FLOR~DA ~
u.
COU!JTY G~F ~ ~ ~~_J~_'~S',~.' i
Before me personally appez~ed v v^hn t,~t~,~~~ ~.t.l
- - and
F' j' i'i . J 1 V 1~.n _ ` his wife, ic me well kncvr.~n ard known to me to be
the ir,divid~a's describPd in and who executed the foregoing instrument, and acknowledgad bafore me that they executed the s~me fof the pwposes
therein expsessed. Ano the said_._~_~_.~_ :i',l T A"* ~j i Ap
a'
wife of the said _ ~1 U}lYl r' . j,/i_ V'i g:7 ~~j.on a separate and priva!e
e~am;nar~on by me tz~en separate and apart irom her sald Fusband, acknowledged tn and before me that she exetvted sai~i irstr~:nent fraeiy and volum
iariiy and w~thovt any car„pu;sion, co^strafr,t, arpreFen~, or `ear of or {rom her said husband.
~tiiiNESS my ha.^.d znd offitiai scat this__ _ i~'
dd'~' ° f-- - .1 ~ ~ n ~ A. b. 19__
. A,~•
/d ~r /
~ v ~
N~fary P ,ic in and fo~ the Sfate of FlcriCa at l~rge
My Co mission expires:
Return To: .
first fedzral Savings 8 Loan Assocytit~q,~ A~Q R~COR ~~~~;3ry r`~' er L2rq@
Of Fo•t P e:.e I lr ~
DEt] ~y c~-~~ -
, v -r:;
. Fbr+ Fie'ee: F:or~~~d~ tr~,~rgOOK J;~ii~ii:; :$y filll~i;G~i~:.i1JilU} rj( ~V. y.
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; - ~~~3~.~ - ~ , ~
~ ; RCGEr; f'I;IT~AS, C~.ERK . : S,
f . _ Si. ~UCIE COUiVTY. : .
; , . F~ORIDA ~ .
' 3~'~~Y ~ll,~
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