HomeMy WebLinkAbout1219 : coverc b th~s mort
3. To place and co~~t~nuoosl~ keep c,e •I,:: t:o~ ~ r;s no.~ cr k;~~•~~~itrr ~ i~a?., c: :'an:J a i:~ a.f pa•~on~" y g•
ege, with ell premiu;ns th~rron pa d;n fu:;, f;rc i:,;ra ;n rh~ .,s:..3; sr.~~~:i,~;l ~,e. E; tunn, ;n a.. ~ rro~~d l~, th~ :L1;;~.; :,1,~[, and w~~-.dstor~n
insvrente in rhe usual s~and:rd po'.cy fo~~n, in a swn a;,,ro.r.1 u~ ~hz ,'.1JRTGAGEE, ~n wch c~~•pa~~ cr co•~ion.ea ss }~e .:'O^niGAG:E may
direct; and all iire a:-,d w~n(JStO~m ins~~rante po,~c...s on any of ;~.d bui d.nys, any inrerzsr rhe~c~n ~r prt !l,~•~~', in the aJ9r.ga'r s: n 3furesa~d ur
in aacess thereof, shall :o..r:~;n the ~sv.t standard n,o;~g,~„e c'.~~s_ c~ s~ch o~hc•r c!.,us~ as ~ha ~.1o~ty~~ce msy r<.~_.~z, n.ak~n~ ~!,e ~_;ss ~ndc~ s.,~d poii-
cies, each and eve~Y, Pa~rb!a to sa~d h10R7G.=.~EE as ;ts intcr~s~ ~+~.a. a;,F>ear, end each .vd e~.,r~ sv,h sh,., ~,c- I'r::",pt:y assy,,~,i .,~d de-:.r~ed ro
eny heid by said h!OR(GAGEE as furthar sec~nry ro saici r~,ur~y.,y~ _:-d, ..s rr ,;t0i d.~;s ~~::i. ~:,:e of ~hr e..-~'at,on of each po „y, ro de-
liver to Sa~d MORiGAGEE a re~~ewai thereof, togerhar wlth a~ece~pt for the p•c ~~m oi such rerr.,a~; :I ii:~re t: no "r:ra o~ v.:~ dsto•.n i^s„rance
plaeed on eny of said build~ngs, any interest therr,n or part th,r:.•of, v~~'ess in rhe ferm af:ct ,n:rh rhe !oss pa~a:~e as :afc•esaid; ~,nd in tl~e r.en~ any su~n
Of money becomes payab:e under s~ch policy or pol;c~as sa:d N:OR7GAG:E sh~il have the o;.~.c.ri to ..i . tb_ sa:,~ on ;,c.~~;! ~f ~he ~ndarnr.l~
ness se.ured h~reby or ~c pe!~n~t sa:d MORTGAGORS ~o rec~~~ve and ~~se ir er r~ ;t:.; , ,t • . . _ ~h . . „ ,
ing any eq~~ty, lien or riyht under or by virwe of th~s mcrrgage, a~~d in the e~ent 53.j ,11JRTGAGOi:Slsh,'i i-~.any r~~asun fai; t~ i.c~_n tt~e sa„! pre~n~s:s so
ins~red, or fail to deliver promptly aoy of sa~d pol~c~~,s of insura~~~ce te so'd MORiGAGLE, C! r. ,J!u i.~y f,,..y any tt~erctor or in a~~y
respect iail ~o perform, d~schar9e, execute. efie:t, cornp'eta, co•-~piy .~ith ar.d abde by th:s cvvcna•~t, e; a•'~y u~'1 i~crrnf, s.3ci h1`:nIG:,G:E may p•ace 3~o
pey fo~ su[h insurente or any part ihercof without waiving or affecting any opt~on, lien, eq~•ty, o~ rlqr,r v,•,der er b~ ~irt,;e ot tMs h~ertgage, and the
tull amovnt of each and e~•ery suth payinent shail be irnmediatelr cii,e and payab!e a:•d sha,! bear in!er:~st fro~n tha dare tt~~r•ai e,~~r~{ p~~d at ~he raie of
nine pe~ cent~m per anr.uin anU to3ath~•r H~~th sv[h in•c~esr si~a,~ secur~~d by the I~en of th~s mo!tgaga.
4, 7o permit, commit or suffer no waste, impairment or drt~•Goraiio:i of sa:d prccerty or any p3rt th~~~eof.
5. To pay all and sing~lar the cosrs, cha.ges and expe~:s~~s, :nduding a rer:sonab!e atrorn..~y's Fee ~^d costs ~f atis~raus of t t::, inc~~rred or pa;d at
any tima by said MOR~GAGcE, be[a~se or i^ the evei~; of ihe fal~urc en the part of the s_ d htJR1GAGOR to d~'y, p~o:rpr~y and fu;:y pe~tor~n, d~sch3rge
zxrcute, effect, complete, cn~nply wnh and ab:de by ea:h and e•:ciy the 5tipu af.ens, ~grec•~~,enrs, co~•~d:r~ons. ar.d co~e~~,rn's oi sald F~o:nl;so~y note a^.d ii~ s
mortgage any or eAher, and sa,d cosn, cha+ges and expenses, each nnd every, sha!I be in.m~:d:ateiy d~e and pa;all~•; vtih_+har or n~t rh~re 6e ~~urice d:=
mar.d, ~~tempt to cOliect or suit pend~ng; and rhe f~l! a~nount of eac+~ and eva~~ sueh p~;n:~nt sh.eii beo~ ~ur;~-as1 fran the dat~ ihereot unril pa~d at the
r,te oF nine uer ccnt~m per an:w:n; end ail said costs, ci~aryz~s ao:l ~xc~•ns_5 inturred or p;.;d, toyrilrer ti.,ti~ sv:h ~ntcrest, it~a~l bc __ccrod by the lien Of fhls
mortga3e.
6. Thzt (a) in the event of any breach of this hlortgage or dzrau,t cr !fi~ part of rhe .`.10~ iG:?GOR, er ;b) ;n the event any of sa'd sums o` money
herein referret~ to bc not prorr,ptly ard fu''~ly paid withir. th,rty ~,3J! days r.ext a!trr tnc sa~r,e sevcra'iy bc:on~• d.i~ ar;d paya;>!e, wiihout dc,nand or notit_,
or (c) in tha event each and every the stip~:ations, agre:menfs, cond,~;o:•,s ar.d covenants or s3d p:cm~ss:r~ note anc! rhs rr:c:tgaga a«y or e~thrr are net
~uiy, promptly and fu!iy performed, dscnarg_o, exec~ted, eifected, ceanpleted, con,pi,ed ~ti~rh ar.d ab d.d Sy, then in elthzr or a:~y 3~ch eve~t ihe sa.d eg
gregata sum mentioned in sa:d promissory note ;i:en rc:naining unpaid, w~th ~nter~;t accr.,ed, and a,! ~noners s:cured hereby, sha!( b<ten,e d~e and pay-
able forthwith, or :Ferea`!cr, at the oprion of sa~d 110RTGAGcE, as f~liy and comp.'err:y as ii aii of +i ; s~ d sv^~s of rneney were or,y:na:ly st,pu:a'ed
to be pa d on s~ch dey, ariytt~ing in sa d pre n;sse~y note or in this !.~ortgage to th: co:~rr; ~y not::;thsta d.~q; ard ~hereuF;on or thr.eafter at the op+~qn oi
said ~NORTGAGEE, w~trout notica cr demand, su~t at !aw ot in ey~~ty, tl~_refere or therrafte+ begun, n;ay be prosec~te~ as if ail rnoneys 3ecwed h~~re6~
had mat~red pnor to :~s instir~non.
7. That in the evem that at rhe oeginn:ng ci or at any tin+e peccJ;ng any su~t upon th~s Mc•r3,ge, or ta forcdose it, or to reform it, or to enferce
payment of any dsims hzraurder, sa;d MORTGi~Gce shai; a;;ply to tha Co~n ha~.i~~~ ;c,r,s:!.crlon ri,:no! fcr the ap;;antmcr.r of a Recc~ve•, su_h Covn sha+l
Forth,wirh appoint a rece;~er of s3id m,ortgaged properly a:l and :;ngviar, inci,;d r.g s:~~_ju,ar ih~ ~nccme, p•of~rs, issues ar.d reve^:ves fran wh_tever
so~rce dxrived, each and every of which, it he~ng express'y vnders'oed, is Fer~by ~ror+:;~_•:d as if spec.iical;y set fonli and dzscr~bed in tne granting and
ha:,endum c;auses her:ef, ;:~d such Receiver sha~i have a!e th~ o~oad a~,d effec!:,e f~~~u o.s .:~:d pe.:e~s in anyv,;se entrusted by a Ce.:~t to a Recaiver, ~:~d
s:,[h appointmen! shaii be made by such Court as an ad~~itt~d eqv~ty ai:d 3 ma'ror of a:;so:ute right ro said MORTGAGEF, ar,d wishcvt reference to !ha
adeq~acy ur inadeq~ac; of the va~ue of the properry morrgaged or to 1^•` S~ YBn.y er .,,.vancy cf sa d MOP.fG:+GOR or the derendan±s, and rhar such
re~!s, prafits, ir.come, +ssaes and recenues shail be aFplied hv svcn Rec•_i~er ac~crc ,•.y tc the lien or equit~ of sai~ h",ORiG.:GEE and the prachce of such
Courl.
9. To duly, pro.rpt!y and f•~Ily perform, dischargo, execut~, ef'_cr, co-r.p;,re, ccr~ w:ti~ acci a6~de by each and eaery the stiNufat~ons, agreements,
conditbns and co+enanrs ~n sa~d prom.issory nate and rY,s r,~:r>g;g_ s_r ier!n.
4. That 'n !he evenl the cwr,ersh;~ of th~~ mortyr.3ed pre~~~ises. er any pa-t therec', i.._co~,es ve~'ed in a~erson c!her tn.n the h".ORIGAGOR. tne
MCftiGAGEE, irs wccessurs and d55i^yn5, rn3y, w~'~out nw„_ to tn•~ !LpR?GHOk, dea! .~.;;P: s~-h sc-c~ sser or s:,o_s;or ,,ter_.sr w;?n reference ro tf~~s
mongage ard rhe dei~t hereby secured in th~ same n a~,n_r as v:;r}; !.I~,r;;qo~ y,,:rhovt ;n any yv,~y v~r.a;i~~ e~ d sc~ara;ng the !hcr~y~gors' Iiabltlry herr
under o; uFon the debi hereoy secured. No sa,e c` a'.r F•e . c~,s h rcby rner~gaged ard ne 'c-_~..a~,ce e^ fhe ~ar~ ci ih_~ S`.ORTG:+G:e or its su;cessors
or assans and no extension of rFe t~:n: for the f;ayn,c~,; rFle deb~ F~:rc~y secured g~vcn b; !h~r :'~R?G%-.GE_ u;rs s~cce>sors cr assgr.s, n`,ail operate
ro re~ease, d:scharge, modify cha~.ge or affect the ori;~ no! i1.. .r~ oi ~he CR(GAGOR t.er~:n, e~ner :n who~e cr ~n pa~t.
10. It is spedficaiiy ag•eed that t;rne is of the ess_ r.;e ;;f th s cc .rract and tha! no wa~ver cf ar.~ rb:'ga! o~ h=reor.der or of tne o~~~ga;ioo sr
e~red hereby sha;i at any time tn~:ea(ter be h~!d to bc• a v;-~:•_r c.' th•. !e:r•:s Fe~c::i cr ot tho i ~s~r~rent se:ur_d hcrt,;,
1 i. In aod t:on to ri~e {orego r,~ ~.onth'Y f _~,~s j, ~ ar.ci ,~_.._s~ r ~ ~ s.~.,~~-d 't.,., b~ n;--t~~~r, coverants
ard agrees to pay to n•:+yg;g~.e v.i~h each mc~uh y~.a.• e~t ~r ;.i ~,_.,a' s.: _ rd 6i .,,•~~,~e_ fc ~(e e,.;~:^re 1 12 0~ _,I ~osr oi thc fo;iov.-
ing:
A-All rral p~oper•y tnxas le:~~d or ass,•s~_:i a;:~:.st rh: :F~:., d_sc.i~:._d r~,!
B-Pr~r7•;~•'~s en f~re a.^.d v.'~•dster~~ in5c;r;rc~~ r,.,_ •i r,.ed to o_ e.,•f;~:~ r _.es on tr_ at.-:~ d..• ~.._d F,re~',;se3.
C-Pre:n;,:rs o~i ..;:h r.c;tyace g:.~a~a.^.•y .~~ra• .e s ,rr:3:~.,~. s•., , e co _ c'-_'r~ f,t tc c~rry on loan s:c_re.i hereb~.
~!~rtgaqez s'~3 ,.-c:n tim~ tp tim, ao'~f~ mc•t,:~c ;n 3 c~ t~~~ ~t d a~: ~ F^ d: ~d st,.. -
s_c% ; on be dce anJ
cayab!e on tiie d:e ca+~ or` th._ neKt ro~thi~ a~y rr~.f d r::c': s.~c•,;s .e , e rh r,•,_~}; 3ye_ s~~,: r,, ! __.~c• cr~a ct,.ar,~e in su•n
a^:ount. Such w:rs sF~.i ~~e ap~.:ieti by n;crtgagce 'e:.~~~ ti~~ p;a.~„e.r u~ r_.,~ cr , r;y t3Yes: ir,s„•a~, , a,-i . ~ri;age C~W'dr11Y ir,surance
premiums.
~ ~'JITNE55 "OF, the said ~.1CP,TG.~G^R h~s 'r:~~n>~•;ro ~er h;s h~cd and sc.', the de; ar;a year){;.zt a`.or~sc d. ~
~ Signad, Se ad an de iv ed in the presence of: ~ ~
- ~ - ~.~-~:_t
a tszer,
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_ ~ / (5eai)
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r - ~__.s.~__.~_ _(Seal;
- - (Seali
STATE, OF fIORIDA ~
S5.
COUNTY OF __~~~_,.:_t~ j~~ n; r_. ~
T: c~ r• o c~ .-i
8efore me personaiiy appeared _ _ __,:;~~i~~__~Li_lju,,,_,i~__~___~~i' f'.~._ I~t , _ e~
-~is vcifQ- to ~~e we!~ knoxn ar~ 4nown to me to be
the ind~vidualy described in and who executed !he fcregoing instrun;ent, and acknow:ed3ed be`:o~e me that ~e~ ex.x~~ed the same tor tfie purpes~s
therein expressed. -f~r+d-!he-sa~~-- - -
w+~e af fhe-seid
- - ~t-o~r e ~are~-end-p~+rete
a«an~:re!;~n-by-+~x ~ak~-s~xe~and~ es,ar?. fro*+r?.er-se~d ~x»oenel-aekwc++~riedgecl-b bnd-ixse~e rhril+al she e~sw>ec~ a~a~d «»~wrwcwt-~frewy-aq~4 ra:~w
:e,i+y-vncF n:~hev~- ~T ec+~r~p~.r+trerr, rw+sv+a+r.*, -ee~r~ rr, er rofi~ ar -fro ~r 4+er ~eid ~ervd.
~vfTNE55 my F.anJ and offic al ~e~l tFrs ~ ___~s,~1Vv- day :,E------ - ~~tT.??~.~'__. A. D. 19_~~_
_ ,
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Norar~ P;;~' ~r,d for the ~tate ^ciF.F}arida at ta~ge
' My Commissian expiros: ~4' ~
Retvm TO: a~ s-.i L~. ~ . -.i
First Fe~'e:al Savirqs 8 Loan Assoriat!~n ~ S
Qr ~0,1 p.,,c.t : r;: - ' .
Fo~r P~:.,ce. F ~.;d, a~•.~+iQ~~" F'..o N~TTARY PtJ6l.IC. STAYE ~~f FLOif~A, a? IA~H~ ~
~?~EO aNO Boo~ t~lY CC,4+4!l~i10N EkPiR:S ti?R. 24, lgb3
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~ R~GER ~'U~1"RAS.
. . ~ . ~ gT. LUC?E D~ NTY~
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