HomeMy WebLinkAbout1221 3. To pf3c< and con'~n~~oos~y A~~ep on ih~ b„I,ti~rgs ~1~K' Jf hereafter it.,ate .^.n s~:d !a.^.:1 a^d o~ ~:;u~p~~~.~~~t a~~d prrsonaliy tovered by Ihis morlg•
ege, w~th eil oremi~-t:s th~~reon ~a d ia f~il, Irtr i~~s.,ra~~:t- ~n ihe uso.+i s~~ncie~d pol~cY form, in a su~n appreveJ h~ Ihe MOR~~-.aGEE, a.,d windatorm
insurance in ihe vs~al a~anuard po'.cy ior~n, in a s~~~n ~ppr~ved i:y Ihe MORTGAGEE. in such company or te:n;;an es as ~he h10RTGAGEE may
direU; and all fire a~~d w:nJstorr.7 It13V~3ft~@ po :c~es or~ eny of sa~d buiid.nys, any interest iherei~: ur ;+rt thtrrof, in the ag~r.ga~e s~~~ aforesaid of
in excess thz~~eof, sha!! :ontaln the ~s~ai s~~^.dvd n,ori,~,a~e c'.ause or such afher clause as Me t~Aortgee,~e may requ!re, making rhe ~oss under xa~d poii-
ties, tach and every, payab'a to eald ,\\JRTGAGEE as ~ts inte:~•st m3y apFxar, and each and every svch po'Ic/ shall be pror~ptiy ass gned nnd dzli.ered ro
any field by sald ~410RIGAGEE as i"rther sec~ri~y ro sa~d n,ortg.;;e debt, and, not iess ~han ren (101 de~s in ad•.a~,ce of ~he exp~ro!;on of e~ch poilcy. to de-
live~ to said h10RiGAGEE a renewal rheraof, togethzr w~ln a rece~pt ior th~~ pre:n~um of such renewa'; a, d there shail be no f~re or w;~~;isto•~n ir.s~~ancz
placed on ariy of said bui!d~ngs, any intareii thcre~n cr p~>> ~herzof, ur.less ;n the fonn and v~~!h the 'oss ~7a~abie as aEoresai~; and in ~he e~ent any sum
of money ~ecomes payable ~nder s.:.h poircy or poi,cies sald MORTGAGEE sh,~ii heve the opt;on ro recc~v<~ and spF~!y the aame on ac:o~nr uf the indebrrc~
ness Secured here6y or to perml~ ss`d ~AORTGAGC~RS to rec~•ive and use ii or any p,rt th. e.;f i.,r c.r,-. i.ur .~sri, ti:.~t,a„! ~hr~, u, ~ ~ ;r .,.p..r
ing any equ~ty, lien or rignt vnder or by virtue of th~s ~ncrt9a9a; and in ;he evrnt sa d MO~T'v'r~GORS sha:l tor any reason fail ro krep the sa~d cremises so
inwred, or fai! to delivar F.ro~nptiy any of said poGties of insurante to sa'd MORTGAGE£, cr foi! pron,Htly to pay f~~ly any F~re n~:;m thrrefor o~ in a~y
respeU fail to perfurm, d~scharge, exec~te, eifect, con,p~ete, co^~p!y with and ab~de uy tttis Wvenant, or any p.vi h.reof, Sa~d MUnTGAGEE ~i~a~ p~aca a~o
pay for such ins~~ance or anv part thereof without waiving or aifecting any opt~on, lien, equity, or ri~hl under or by virtue of this P~tertgag~~, and thc
ful~ amount of each and e~e~y such naymrnt shalf be immediate~y due ar:d payab!e and shatl baar interi•zi fro~n the date thcreof until p.,~d at the rate of
nine per cc~ntum per annw+, and to;eti~;r v,~th such int~rest st,a~~ ! e secured 6y the I~en of th~s rr:ortgage.
A. To permif, Commit or suffcr no waste, impairm~~nt or detcriOration of said proFerfy Or any part thereof.
5. To pay ali and sing~l~r the costs, charges and expenses, ~nciuding a reasorable atro.ney's fee and cosrs of 3h5tr~lCtS of t;rfe, inci~rred or ;~3Id at
any time by sa~d MORTGAG`_E, be[ause Cr in the evenf of the i~:lure on fhe parl of ~he said MORTGAGOR to d~ly, pro~rptiy and fuliy perforrn, d:scharge
execvte, effect, comp!ete, cornply w~tF~ and ab:dz by each and every the st~pvlat~ons, agreements, conditions, and covenar.rs of said promissory note u~~d ttris
mortgage any or e~~her, and nald cos}s, charges a~d expenses, each and evary, shali be immed~.~tely due and payab;e; whether or not there be nor~ca d>
mand, atrernpt to coilect or su;t pend.ng; and the fuil amo~nt ef each and every s~ch payment shail bea~ interesi from iha date thereot until eaid at the
ra~e o~ n~no per c~r,t~•,; ~.~rr ann~:~,; oIi sad cosis, cna~ges and en;:enses ~ncurred or poid, roye~her .v~th such interest, shall L~e sec~red by the lien of th;s
morrgage.
6. .Tha! (a) in the even± of 3ny i~reach of thls Ylortgage cr de'ault on the part of the MORTGAGOR, or (b) in the evem any of sa'd sums af money
here~n referrad to be rot prornpt'y and fuily oaid w~~h~n th~rty i30; days nent artcr tiie ssrne severa'.ly Lecome due and payab(e, w~thout demard ci nu1!<a,
er ~c? in tha event each ard evtry the sfipu:at~ens, agre~~rnants, co^dir,o~~s v•.d covenants of sa d pro»iswry notc and th,s morrg~ge any or either are not
j i~;y, promp~ly and f~ily performed, d s,harg_d: zxecuted, effected, completed, comp!led w~fh and ab~ded 5y, then in erther or any such event ~he sa,d ag~
gregate sum m=ntioned in said promissory nc;e then remainin~ ~npaid, with ir,tere;t attr~ed, and ali moncys 5ctured hereby, shall becoitie due and pay~
ab!e fort'iwith, or rhereafter, at the ep!~on of said MORTGaGEE, as fuliy a~.d comp!etely as if aIl of t!,e sa;d sums of money ware or~ginafly st~pu:ated
to be pald on such dcy, an1thir,g in sa d p~o~n;ssory note or in ~his h1.~rtgage to the conrrary m~txithst3nding; and thereupun or thereafter at the opt;on of
sald lNORTGAGEE~ KI?FAVt nor~ca or dBn13nC1, SJrt zt law or in eq~ity, therefore or thereaher begun, may be prosetutcd as if all e~or.~ys secured heteby
had marured pr~or to ns institutio~.
7. That in ihe event tnat a! the ~eg~nn;ng cf or at any time pending any w~! upon tF;is Mort~age, or to forec!ose it, or to refcrm it, or to enforce
payment of any clairns here~r~csr, saitl 1~10RTG.4v:c si~ali apply ro th~~ Court ha~;ng junsd:.t;on fhcrcof fo! th: r:ppo~ntment of a Receiver, such Court shall
far!hwith appoint a receiver of said n:origaged property ali and singular, intl~d ng ~'J and sh~gvlar ~I;e income, orofits, issues and revenuts from whatevcr
sevr,e derrved, ezch and every of wh:ch, it be~ng express!~• ~r.dr~s~ocd, is hereby merrga~ed as sNec:(ica+iy ser forth and described 3n the granNng and
habendvm clauses hereof, and such Receiver shai) have ail th~ broad ar.d eifecr,ve f~nct.c~:s an~+ poNe:s in anyw~se emrusted by a Co~rt to a Rec~~iver, ar.d
:cch appoiniment sh;ll be m~de by such Cou~t as an ad•nitted eq~~ty and a matter of abso~ute r~qht to sa~d MORSG.4GEE, and w~tlwut refe;ence to rhe
edequaty or inadequacy of the vaf~e oi ihe preperry mortgaqed or to the so vency or ;nsoivency of said MOATGAGOR or the defendants, and that such
renrs, profirs, in<ome, issues and revenues shali be apptied 'cy such Receiver ac.ord:ng to the lien or equity of said MORTGAGEE and the p~act~ce of such
Court.
6. To du'y, pro~nplly and fuliy perform, d~s;harge, execute, efFcrt, compiere. tor~p;y w;+h and abide by eac~ and every tha s!ipuiat;ons, agreemeMS,
eenditions and co~enants In said premisso~y r.ece a:ed fh:s mortga3e s.f for!h.
9. That in the event the ownersh'p of the mortgaycd prem~ses, or any pari ther~•of, becomes vest=d in a person cther than the MOR?GAGOR, the
MGR7(~i!>G:E, its 5v'CCSSOrs d^d as<_I~ns, n~~,ay, w;'hout noti:~ to the :'.ORTGi:OR, deal with s~:li suCC.sser o' s~tcesser in interest w~th re~erEn[e IO !his
mortqage and rhe dcot hereby s~;~red in the san:c m~nr.~r as w~th ~'Ao~tgagor w~tho~: in any way vit;ating or d:scharq~ng ihe 1.lcrtgzgors" liaoiiity here-
under or upon tF~ deot hereb/ 5ecur_d. No sale o~ i'~a ~ rc~n~s^s h,reoy •no~tgaged acd r.o forbeaian~4 en the par~ oi ihe ~~10R7GAGEE or irs s~ccessors
or assfgns a^.d no exreosion of thc rirn~ for tFe paymenr oi the debt here6y sec~red oive~ by the ORiGAGEE or its s~ccessors o~ ass gns, ahaU operzte
to re!zase, d,scharge, mod;fy chang_ or affect the e~ig~nr,l Gab:;,ty of the N:CRiGAGOR her~in, either in whoie or in part.
10. it is saeCf~c~'iy agreed rhat tirie is of tha esserce cf th~s contract rr,d iha! ~o waiver of any ob~~gat:on hereunder or of the ob~igation se-
c~ted hereoy s~a:i at an~ time iherea!ter be h_!J to be a v~,i„e~ of the tz:7s hereof or of the ir ;~•~~ment sec~~ed hcrby.
i l. In ,:de+ t: th;, s~rc ^ ~p m,, ~ p.;y~ =.,+s of p~.,,_ ar,d ~~es! .,q~~;; ed 6y ti~~. F,.o~, ss~ , no c s'curcd F: ~n: rroc or co~enants
'J~~
and ayr~~es to pay to n•,orta:~g~e r.r.h each r.,cr.+n:y F:~a;~ ent an ad;i r~onai sun ~ a'ed Ly mo~~~sge~ to L~e eqvai to 1 12 uf t!,~_ an~uai cost of thc fel!ow-
in~:
A-AII reai propety t3f:s fev~~,~, or ass_szc:i ag:~•~sr ihe ai;o:e oezc;~rc? rea! cs•ate.
F,- 'r~..~ ;~,,.s on fire ..rd v::,~.dsro•~n ins~~r3%ce as i~.~-e r; r,-c;, •~,d to bc c,,rrc~ en tF,e ; rovem.~ts s.tun'e on tii~ aoovc d_scribed prer^,ises.
`--Pr~r~~i;~e s e~ ~.:ch e,cr!~::ye gua•an!y ics~ra~ ce as rc.~r;gaye~ ,ns;i *ro:n t n.e so t~rni dcerr, f! to carry on the ;osn s:cured hereby.
M.ur'gag_2 sti~'' frcn tl-'e to t~+e notify i1,c•t,1ag_• ;n v:!~Y,n~ of the a~..ou7! d•,;^ and p~pahe hewi~rJar ar~d svch su~, si»ti thercupon b> du~ a:~d
. Fayab'e o~ tne d~e c?•.~ oi ?!-a n_zr ?~;o~tF:: r.;~ ~=-it ac~{ e_cn ,,_._•ss~ve ~^o~.,th tS•e.~~aft_r u~ r~! rncrtg3gee sh;'I net fy rncrrga~or of a char~g~ ir. s~,h
a•'-.OUnt. SvCh s~..'.s Sf.3.~ ~.s' a:7~~~~iird by iner;c~~~~^c !0:•:.1•d !1-~~ po;^`en! Qf rCSI prcc%erty taxes, insV'o~~.. Ei'c':T~'ums. d~l;~ m:vri3at~? CJUJranty inSUrdnCC'
premiumS.
IN ti'11TPJESS '.':HERECf, !he said A10RTGi,G~~ has F^~e~~^!o se' hs hand and seai an~ dr.y a~~d year first afcresa:d.
5: e !ed a ~!iv in e res~r.ce of: '`~~~'C'-~
' (Seal1
_ (Seai)
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- (Sea!)
SiATE O'r fLORiDA ~
55.
COU'dTY OF _ ~i.~_.i~11C'; ? I
Before me pe ,enal;y appeared V ~tr' % ~°£L~' _ and
--_-_.___.S~Q~_21 ~'_i_I'~e " , his wife, to me well known and knov:n to ma to be
the ir.divid~a~5 descr~6ed in 3!~~ WF~O ~xzcuted the fcregoing instrument, end ackrowledged before m~ ihal they executed the same for the purposes
therein exp;essed. Ar.d th> ;=ld__________~ J 08n M. HP G~~__„_~__ _
r~;fe o' the sa d__y_~____~_ i~F3r'=. fl~_~._.~~ - , v,^.on a sepa~ate and ~,:ivare
exam nat;on by me tzRer~ secarate and aoart from her said husbai;d, acknow;edged to and be'ore me that she exewted said ins~rument freeiy ar,d volun-
tar~;y ar~.d w:thcut any :o^~pu'sion, ccnstra:nt, apprefieqs~ or fear of or from her said husband.
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YlITNESS my hand ard offi;:al seai this_ __S! day of_~___~ JurF' _ A, D. 19
~ " 3X~'aY - -
Nctary ? ~c in and for the 5tat~ of Florida at Large
' " - ~ Ny Corn .ssion expires:
~ Relvcn 7q ?vo'.~!'}~ Fub'~^. St?.tc ofi f'';~:'? ~_ar~e
fint ~ec~er~~'~a~lx,}t $;lo~~~ Asscciat,on t n ~ r c~, I~~i7
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ST. ~UClE COUtJTYRK . _ .
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