HomeMy WebLinkAbout1160 3. To f~ a~e ~nd ~;ntinuJ~i . cp tt;~ ~ ~5 ~ a•!,' S.. . ~`~i •a ~~em.i , d ;i_: : e• d pr'S:7r 3 cOrrrr~:l b~ thh nl.>tty.
ege, with all prerc;,,^,y fhrreen F;a d c:n i~ l~rc i s:.a :c~• .n !he vs i r::r~.~rd~ E:o''cy tor~n. in a ir'i; a~,rro~ed, b, ~1 ~ 1:i;n ~v ~~•t t, a~~d h;n~isrorm
inwrance in the ~zual 3~311Cjilrd pot cy torm, ~n a s~::i arpro.ed by ~h~~ M.~RTGAvEE, in such con~pan~ or c=~n;~an.es _is +b~• ,'AU2TliAGEE may
dirett; and all fire ar.d ~,;ndstorm insurance coi~c~es un any of s~:J bu~idngs, a~y [r:re~est thrre;r~ cr rh~-reot, in thr ag~r,y~re sv~n aturrsaic! ar
in excess ~hereof, shall ;onSain the uwal star.dsrd mortg.~gee c~au:e or soch ether c!ause as Ihe ~11o~iyayez n."~ re.•u:re, n,;king tnc ~ss ~~ndar s.+~d poli~
cies, each and every. parab'e ro sa~J ,b1ORTG.AGEE as ~ts ~rnerest n,ay appear, ar.d each and e~ery such Fo ,cy ~,ro:r~prr; sss g-o~~d .,~.d dr:;.~~r,.~d +o
eny held by sa~d MpR(GAGFE as lunhe: secur~f~ ro sa~d n'.ortqege de~t, and, not !ess than ten ;10) da;s i:: advjnce of t~.~ ~ap:rr.~„ of ea;h Fo;::y, to dc-
liver to Said MORTGAGEE a re~~ewal therzui, togethrr with a re:e~pt tur th« pr,,~;nium of such ~ene.•.a!; ci !h~-re sha!I ua ~ f.re ur •.tii~,cisto •~~wrancr
pleced on any of said ~;i!d~ngs, any interest there:n or parr r}~erzof, un!eas rhe funt~ ond ,.ith ~i~e Icss pa.able ~icr~rai~; ~;,ci ;n rhe ~~~e~;t a~,y _un•
of money beto~r~es payab:e under s~ch policy or polcies sa:d ~5,10RTGAGEE sh3!I h.i~e thr oF.t,on ro rec~~~~._• :::.i ~r;:r the s~me on a:ccu.it ef the in~r•bt.~~
ness sec~red hrrrhy or to perm~t 53~d ".10RTGAGORS ~o r-rca~ve and us: it or a~~y F,:,i ~i~, ~•ot ;s.-; ,
'rrtg any ey~ity, lien or right under or by v~rtue of thh ri~arrg3~c; and in the evcnt sa d,\102TGAGORS shall ior any r~ason fa~l ro krep the sa~c1 F.re!n~s~~s so
inwred, cx fdil to deliver promptly any of said pol~c~rs O+ inwra~Ke fo sa:d MORTGAGtE, .;r t~,: p'om~:!i~ to pay fu~:y any pr~~..~v:n ti~eref~~ ,~r in
respect fail ro perform, d:scherge, execure, e~!e;r, co+npleta, co~;ply yvlrh rnd ab;de by th,s ccvenant, or anr p.;:t ii_reoi, sa:d ;,,G~i;,.~,G;E ruy F.ace a,,e
pay fo~ such inavrartte or any ~art tnereof w~thout waiving or affe:ting any opNon, lien, eqv~ry, or r~~h; ~nc~er or by v~rt~z 1of th~s Mc~tgsg~, a^,d thc
f~l! amov~t of each and every such payment sF~alf be i~nmed~ately due and wyab~e and she~! baar ~ntar~•sr frorr~ rha date thcrenf unt~! p~ld ai the rate oi
nine per cer.t~~n per ar.n~:n ~~ed togcti~.r r,ifh sucii inte:est <h,r;~ be 5ecured by the lie~ of th~s mortgag~.
4. To pefmit, commit or suffer no waste, impa;~ment or deteriorct;on of sa~d property or any part thereof.
5. To pay a!I and singular the costs, charges ~rd expenses: ~ncludiny a reasonab!e attorney's fe^ and ces!s of absratts v± t:r.~, iruuned c~ p_~ J.r
eny time by sa~d NORIGAG:E, because or ~n rhe event of tha fallure on rhe parr cf the sa~d MORiGAGOR ro du;y, promptiy and f.,~ly pcriorm, d~scha~y~•
executa, effeU, con,p;ere, co~np!y w~th and ab,de by esch and every the stip~lar~ons, agree,nents, condi~ions, and covenanrs of sa~d pron,~ssory note ard ~h~s
mortgage any or either, and sad costs, charges and exFenses, each and every, shafl be immediata'y d~e and payab'e; whcrher or not :h~•re br nor:ce d~
mand, atter»p~ to coliect or suit penCing; and the f~ll a~no~~nt of each and every svch paymem sha!I bear interest f:cm ih~ dat~ th:reof unt~~ oaid af tl:e
'ite o' ~,~ne eer c~-+,;~~~; p..; o.,n,. n; an~ aii said costs. chasges a'~,d ~~x~e~.s.s nturred ar pa~d, tog~,rher ~~~th s~ch interest, sha;i be secured by fhe Ii~+r of th;s
mortg~ge.
!a) in rhr av?nt of any bfeach of this Mortgage or defau't on the purt of the A10RiGAGC~R, or i6) in thz event any of sa'.d su~ns of money
F,rein referred to be r.ot prCmpt;y and fully pa:d w~~hin ih,~ty ~30) da~s nex~ afrec the sa:ne se~era.:y be~o,~;e due and cayab!e, w~~ho„~ demand or no!~ce,
or (c) in thc event e~-h and every the stipu.a~~nns, agrzemtms, ccnd~t~o~5 and COVCADn13 0' s~d F•rcnrss_:ry r,o:e a~~d t`~,s ~r.ort~age any or cither are not
~uly, prompTly and f~liy N~~io~,~e:~l d:a~!,arged, execu~.-1, e{fected, tompleted, compl~ed w~~h and aF;~ded 5p, then ~n e'~her or any su:h erent the sa~d ag
gtegate Sum mzn?io~~ed in said promissoty note then re~naining unpaid, with interest accrued, and ail rnOrttyS sec~red hereby, shail become due and pag•
able io~thwilh, or thereafrer, at tne option of sa~d htQRTGAGEE, as fuily and complete!y as i( a;l oF thr s.i.d svms of money were orlgina!ly si!pu:atrd
to be pa:d on such day, anythinc~ in sa d pra•n;ssory note o: in tF.is !'.Aortgage to the conrrary not,v~thst;~~,di;ig; and thereup;en or th~reafter at !he op~~on of
sa;d MORTGAGEE, w~rnour ror~ce or darrar,d, su;t ar I3:A' OC ,n eqv;ty, theref~re or fhereaffer bec~n, n,ay te nrosecu~ed as if ail n;oneys sec~~red h;reby
had mat~red prior to ,ts instrtunon.
7. ihat in the evem that ar rhe beninninq cf or at any time pend~rg any su~t ~~pon th~s Mo~~gage, cr ro fcredes~ i?, or tc refcim or to er.force
payment of any c~aims ha~eunder, sa~d .'.c7RTG.~GtE sha'; app'y to ~ha Cewt having j~:nsd.c,:cn ;her•_oi icr thc, appo;ntn~ent of a Receiver, such Co~rt sha!I
forthwith appoint a receiver of said mertgagcd proparty ail ar.d singviar, inc;ud ng ~~i a~~d s~~~gu'ar it ~ intu~~~e, proi~ts, issves ar;~' revenues from ~n•h~tever
seu~ce derived, each and every of whch, it be~ng pxprrss!y unders?ooci: i: Fer_t~y rtcrrg.;;ed as it spec:~~ca:iy ser for,h and described "en the granr~n~ and
haber;d~~m ctauses hereof, ar.d s~c`~ Receiver shall have ail the 6•oad anr~ e4iec+ive funct ens ,~r.~~ po.:er5 h: any~ti~se enh, ust~d by u Co„rt to a Rec~iver, z~ ;i
such appointment shatl be mace by wch Cuurt as an ad•nitted equity a~~d a ma!rer of dJ50:Uf@ r:ght ic sa~d MORTGAGEE, and ~nri~i~cui IGfBff~K~ ro th~
adeq~;cy er inadeq~acy of !h2 value of ;h~~ properry mortgaged or to the s~ venr; or :n_ ..cr.cp of sa~d MORiGAGOR or the dciendants, and tha~ s~th
renfs, profits, incom.e, issues and reven~es shail be app!~ed uy such Recei~ei accoro.~:g rc fL•: Ilen or eq~~iy ot sa:d "~10RiGAGEE and the pracr;c~ of such
Cou rt.
B. TO duly, prompt,y and fully perfonn, d~scharqe, ex~>.ute, effert, corp;t~te, ternp!~ with and abide by each and every the st~pu':ations, agteementS,
conditions and covenants in said promissory nete and th;s mort~age ser forrh.
9. 7har in the event the ewnersh:p of the mcrtgag_d premisec, or any part ti~e~eci, hecemes vested in a pe~sen other than the h1pRTGAGOR, the
MORTGAG:E, its Suceesiors dnd assign5, mzy, w;thovt nafice to th~ '.tpRTGi+pR, des, w;tY; s~ch s:~ccesse~ Cr s: ctossor in interel? with reference to thi5
mor!oage end rhe de~ct hereoy secured ~n th~ sam~ rt,anner as w~fh :1:r~3agor w:~ho~t in any way v;r:a;~ng or d scharg[ng tha t,'cr~gagors' liabi;i!y her~-
ur.der or upon the debt hcreby rcured. No sa'e of ~he ~remis^s h~reby morrgjged ard no ferbea;ance cn the parr oi rhe 1.",ORTC-:.GEE er its wccas5ors
or a:signs ard no exrrrs~o~ oi the t{me for rhe payrnera of the deot h~reF~y sec~reti qiven by tne !AORTGr+I~:E c~ ~ti xu:cessors er ass'gns, a~'~all operate
to re!ease, d scharge, modify change er affecr the ori~,nai liao,~ t~ of ~he h',ORiGA.GOR h~reln, either in ~:ho;e er in part.
10. It is spec~fl_31;y agreed that time is of the esse~:ce uf th;s cor~tract and th~t no wa~ver af any ob :aat on hereunder or of the ob!iyatien se-
c~red hereby sha;~ at an~ iime ~hEreeftet ve he'd to 6e a waiv~r ef the tern s he:eof cr of the insrr~~m~m sec~ved i;crLy,
11_ In :::d !ion 'o thi forego n~ .~:er,th'i E:ayn,,^ms o: c p?: and i:,•~,es• ,e~o;•cd 'b~ rhe frc,rr. s,,,ry ne••, s-c~red h,•cbr, r.~~rt~~g~r coren3nts
end ay~ces te cay to n.or•~~gee ,•.ith ea:ii momh y pay.,.e:•.t ~n ~..:i •:ona9 s•,,~n , sc ->teu i;~ mo•t~agce to b~ eq~~~ to I 12 cf o. . u_at ccsr ef ~hc. fo'io::-
~r~:
A--A1; real propcrt~ r3x~s ~evi.d er a;s~sseci r.g3i•;s~ ~h~; ahove cie;cr;~~~ rea! es•a•.~.
6-Fr~~, ;..,*~s on f~re ar.d wi~-.ds'o~~n :~su~a~.ce as her~:r, req_~ n~d to be carn::J tt,e .,:rove^,. nts s tua'_ cr; t}~_ ~o,~. c7_;c, bed pre-r,l:rs.
C-Pre:nivr,s on c~.~h rr.ort~ ~ge auaranly ir.surar ^c as n•.c~tgagee sF,all 'rc:c ,..ne ,c, ~ d.e'~ f(! te ta:ry cn t't:~ ._~n sc:.ur..~j ?r,~~,by.
~9 ~ . t , ~ d D a> e r ' d.,.. ~ ,:i
'1or a ee siie,li fr„•n t~- te ~ e nor, , mcrr,e ~r, v~r~ting of th~~ rp;~it d_ vn he eundar ard s~ch s~_ . sh=.~ thc <v^on be
~ayab!e, en tiia d.:_ ~^ef ,h n~.~xt ^~~orth,, p->y and e~ch sc-ccss~.e ^+c-vh tr ~reaff_r _.,~~!to~yee sha'! re• f~ aru-•-aer of a cl:ar.~e m s~-n
a^:o~nt. Sucn :u:ns s~a.i 'ue ap;.',ed by :nortgay:e to:•,a~d tir: payrre~-•t of re~; c;roce;r~ txes, i;;s.::a~-:ce pre.^., u*~s, a~d r.orrg~ge varanr~ :r;sura„c.,
premiums.
ItV 1':IT'JE55 ~+'H~REOr, ~n~ s.>.:d h,~RTGAG h F.~_reu~~t ~
CR as o se~ h.s F.~r- ~nd sea: nc d:~p and year aforesa'
S~gned, Sealed and de:ivered ;n the presence of:
__i5ea1)
~ ~ Tf~,~ ~ __~Seal)
. ' __Ee~~~e'l~"!-~J . (Seai)
` - ________._!Seal)
~ STATE GF FLp21DA ~
~ cou~TY oF Ssint Luc~~_ j ss.
r Before mc persona4y appeared ~ --J,-~-J~,*t~ TAV~ nT ------------,_~------J~_ ~ and
` ----L.1-sa-~~1~~.--E.- TB~lar ~~5 wife, to me wel~ kn~•xn and knafrn ro me ta be
! the irdividuais describ~d in and whv executed ;h~ foregoing instrumenr, and ackno,~~ledged beFore me that they e:ec~ted th~ same for the purpo;es
th~rein expressed. And the said C+~-7~i.i ~d8 ~i'&~I~..02'
r,~lfe of 1he sa:d T~.O`~C~ Z'8VZOT' J` ' i_ ~~er~ a`sepa.ate and private
exam nar;on oy me taken s~oarase and aport frcm her $a~d hvsband, acknov~'edged to and befor~ me that sh: execoted sa~d ins'ru.r.enr ireely ar.d vo'vn•
+a~;ly and w~thout any corc~uision, cor.straint, aprrehar.i:on, or ar of ar from her s~id husband.
titiITNESS my hand ar.d cffic~a! seal this____,,,,~111~_ dzy o{ - ~11I1A,_ A. C. 79~j~
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:F,~ g O~a R~~Q~O~Q My Commission expires:
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First feder3l'Savnys.$ Loan Assc;iat:on T'~T•'~~`(F~:!(" T!Tr,~t.r~~~ +
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