HomeMy WebLinkAbout1364 And ~eicS Morigegors, fo. themie(ves ar.d ~hr~r haLs, trqel ropre:eRtarive~, 3JCCMfOt~ end +ss;gn?, hereby jointly snd s~ver~lly tov~n~m •nd ~9r~e
to end w~th the fa~d MORTGAGEE, in successors end asa~gns:
1. To pey all and singu!er the prinupel and interest and the verlouf end wndry sums of money peyable by virlw of •aid promi~sory nott, •nd this
mortgage, each and every, promp~iy on the days reepec~ively the aeme aevrrally t~rcome due.
2. To pay •II and •iny~~er ~he texes, asie~sments, levits, liabil;rie~, obliq~tions ind •ncumbr~ncn of avery natu~s and ki~d now o~ ~~id d~scrib~d
propcrty, or thet hereafter mey ba impoted. •ufiered, pleced, levied, o~ ~ut~~ed therwn, w that hereeller may bie Iwied w auased upon thi~ Alortp-
~ge, or tha indeb~edness secured hereby, each and rvery, when due ~nd payable, ~ccordinq to law, beFwe fhey becom~ delinqu~n>, ~nd b~fon ~ny {m~r~sf
straches or any penal~y is inc~nred; AND INSOfAR AS ANY THEREdF IS OF RECORO THE SAMF SMALL BE PROMPi~Y SATISfI~D AND i7i5CHARGED OF
RECORp AND THE ORIGiNAI OFFlCIAI DOCUMENT (SUCH AS, fOR INSTANCc, THE 1'AX RitEIPT OR TH'c SATISFACTION PAPER OFFtCIAILY ENDOkSED
OR CERTIFIED) SHAII 8: PIACED IN 1HE HANOS OF SAID MURTGAGEE WIIHIN 7~N CAYC N[XT AFTiR PAYMENT, and in the event tha~ any thsreof i~ not
pa~d, iat'sfied and discharged ~a'd MORTGAGEE mey ar any Nme pay the same or •ny p~n there~f witho~t waiving or affectinq sny option, lien, ~q~lty or
~1qM under or by vir~ue oi thia mortgage and the f„II amount of each and every wch paymsnr shalt be immediare!y dva and piyabl• end thill bear inter~~+
~rom rne dare ~hereof unr11 pa!d at rate of ~ight pei cenr~m per annum and toyerh~r w!tfi wch iro~reet theH be fecured by the I~an of th:~ mor9~~9~•
9. To pise~ ~nd continvou~ly ~s~p on th~ buildinp~ now or Fxr~aftN utv~N on ~~id land ~nd on ~II equipmrnt ~nd p~rwns~ly eov~r~d by thl~ rreortp-
~p0, with sll pn+niumt th~rson peid in fiull, fin imunnc~ i~ th~ v~wl ~t~nd~rd policy form, in ~ sum •pproved by th~ MOR7GAGEE, ~nd winderorm
Inwr~nv~ in tM usw! ~tandard pol;cy farm, 3n ~ sum ~ppreved by tFu~ MC7RTGAGEE, in wch comprny W COmp~niH a tM A10ltiGAGEE m~y
dir~ch and •il fin •nd windstorm Inwr~nu policia~ on ~ny of ssid buildinq~, •ny i~fer~st ther~tn v? p~rt therwf, in t!w ~yyrty~t~ wm ~for~said w
In ~xass ?herwf, aholl contsin the usuel ~t~ndard mortgayue ctause o~ ~uch orha clau~ ~s 1hs Monp~yq may rpuin, makiny tM lota unda ~~id p~lh
i tlh, NCM1 M~ ~v~Yy, payabl~ to f~id h10RTGAGEE •s itf intereft mry appear, and ~~th •nd every wch polity sM:l br promptiy ~~~,pn~d ~nd deliwrQd 1p
•ny Mld by aid MORTGAGEE ~s further ~ccurity to said marty~ys dcSt, and, not leu than ttn (10) Bays in edvsnce of tht ~xpiration of ~ach policy, to d~-
€ liver tq ~eid MORTGAGEE ~ renewal theraof, topeth~r with a rece+pt for the prsmium of ~uch renewal; ~nd thsrt ~hail b~ no fir• or windstorm in~vrance
k pl~csd on •ny of t~id buildinys, ~ny intere~t therein or pan thrreof, unlai~ in th~ form and with the los~ paysble •s aforesaid; ~nd in the ev~nt ~ny ~um
f of monay becomes psy~bte under such policy or polr~ies taid M~RTGAGEE shsll have the oprion to receive and appiy the ume on accoum of th~ indebted-
, r»ss ~tursd hsr~by or to permit seid MORTGAG4R5 to reteive and use it or any pert ihrreof for orher purposes, wirha~t thereby waivi~eg or ir+~,psir-
Irg ~ny puity, li~n or riflht under or by virtue of this mortyaqe; and in th~ event s~~d MORTGAGORS ~ha!! for any resson f~i! to keep the f~id prtm,•e~ fo
Imured, or f~il to detiver F~omptly ~r.y of ~aid policie~ of int~rence to tsid MORTGAGEE, or fsit promptly to pey fully any premium ther~for or in eny
I respett fail N perform, di~che~9e, exec~te, effect, tomplete, comply with and abide by this covenan!, or any part hereof, seid MORTGAGEE may plate er.d
~ pay fot ruch Insurence ar any part thereof withou! waiving or affecting any aption, lien, equity, or riqh~ under or by vi~tve of thi~ MortqaQ~, rnd ths
fv~i amoun! of ~ach and every •ucfi peyment shall be immediately due end p~yable ~nd •hall beer interest from the dete theraof until p~id it !~,s rat• of
nine per centum pcr ann~m and rogether wirh wch interesr shall be secured by the l;~n of this mortpsye.
, 4. To permif, commi! or ~uffer no waste, impairmenr or deteriorstion of e~id prop~rty or any part thereof.
i 5. To pay all and sinpulu ths co~ts, chergei snd expente~, includinq ~ r~asonabl~ •ttorney'a fee end cofts of abttradt of title, tncurred or peid ar
~ ~ny tima by said MORT~AGEE, beceu~e or in the event of the feil~ro on th~ p~rt of th~ ~sid MORTGAGOR to du~y, promptty •nd fully psrform, di~chary~:
•x~cut~, rffecf, complefe, comply with end ab:de by eech and every the atipul~tiona, apreementi, conditiono, and covenant~ of ~aid promisaory note ~rtd thi~
mwtflap• •ny or eirha, and sa~d cosn, char9es a~d aapentef, each ene! every, ~h~ll be immed~ately due and peyebte; whether or not there b~ norics do-
m~n~, •tternpt to coliecs or •uit pend~ng; and the full amount of eech and e~ery :uch psyment ahaN bea~ Jntereei ~rom the date thereof until p~id •t the
` r~te of nine per cent~m per ennurh; ar.d ail sa~d costs, tharqes and expensex incurred or paid, ~ogether with such inlereit, shell be iec~rad by the lien of thia
E moPtflag~.
~
` 6. 'Chet (a) In the event of any breach of thia Mortgage or defauh on tfie part of tt~e MOR7GAGOR, or (b) in fhe event any of ssid tumt of money
Mre(n ref~~red >o be not prompNy end f~lly paid wirhin thirty (30) daya next aiter tha aerne severaliy become due and peyeble, wirhout demrnd er norlce,
or (t) in the ev~nt each end every the ttipulations, sgroements, cor,dltions and covpnenta oi sal~ promitsory ~oto and th~s mortpege ~ny or •ith~r ar~ rwt
k ~uly, promptfy ~nd fuily performa~, d:acharged, execv~ed, eftecfed, completed, compfied wirh end abided by, lhen in e;the~ or ~~y ~uch ~vent the ?aid ao-
~ prayat~ tum menti~ned in said promit~ory note th~n temeining unpsid, with interesf attrued, and a!I moneyt fecured hereby, ~hall become du~ ant! pay-
•hl• forthwith, or thereaft~rr, •t the optian af said MpRT~AGEE, as fuNy end ccmpterely aa if ell of the said a~ms of money were oriyinally atipul~ted
to bs paid on such day, enything in sald promisiory note or in thi3 Mortgage to tne contrery norw;thstonding; sr.d thersupon or sheroaft~r et th~ aption of
said MORTvAGEE, without notice or demand, suit st I~w or in equity, therefora or ihereeftes beyun, mey be prosec~red as ii a!1 moneyy t~cur~d her~by
E h~d m~turad priar to it~ imtitutien
~ 7. That tn the event thet at rhe beginning of or et a~y rme pending eny tuit upon this Mortgage, o~ to f~r~clou it, or to reform it, or to e~~forc~
p~yrnent o# eny claims hereunder, ~aid MORT^vAGEE shaii apoly to rhz Co~rt havin9 juri~diction thereof for fhe eppointmen~ of ~ Receiver, wch Cowt ~hall
fonhwitt~ appo+nt e raceiver of said mortgaged property eil and singular, includ~nQ ei! ~nd •inguler the income, profitt, itsues ~nd revenue~ fram whettwr
•ource derived, eech and •very of wh:ch, it being expressiy understood, is hereby mortg~yed af if spec~fically set forth end de~tribad in tM qr~ntinfl end
haMndum cleuses hereof, and such Receiver sha(1 have ell the broed end effective functioni and powers in enywisa entrusted by s Court to • iteceiwr, •nd
~uch ~ppointment sheli he made by such Court as an edmirted equity end a mart~r of absolute right to teid MORTGAGEE, and without rsf~rent~ to Nn~
•daquety or Inadequacy of the vaiue of the property mortgaged or to the so!vency or insolvency of sa~d MdR7GlaGOR or the defendartt~, and thai •vch
ront~, profits, income, iuues and revenues ~hall be spplied by wch Receiver accord~ng t~ the linn or aq~ity of tafd MORTGAGEE end th~ prectice of suth
Court.
8. To duly, promptly and fully perform, distharge, execute, effect, compiete, comply wilfi end ebide by each and every the ttipulationt, pnam~nb,
tond(tiom and toven~ntt in teid promissory note and th;• mongafle set torth.
9. Th~t in tise event the ownerthip of the mortgaqcd premiies, or any part thereof, becomet vested in a penon other than tl» MORTGAGt7R, the
MQRTGAG~E, itf wcteuors end a»igns, may, without notice fo the MORTGAOR, desl w~th such succtsior or iUCCCliOf in intereit wirh referarsce to rhi~
mortysqe •nd the debi hereby srcured ;n the same manner a~ with Mortgagor withouf en any way vitiatiny or ~diecharpiny the Mwty~qon' li~bi~ity her~
und~r or upon the debt hereby secured. No sale of rne premiies hereby mortqeged and no for~ear~nce an the pari of ths MORTGAGEP ot. i» ~u~asaw~
w~uigns and no txrsns~on of the time for tfie peyment cf the debt hereby ~et~red given by the MpRTGAGEE ar iq aucusiat or briyas; thstl ,op~rat•
w nl~ba, dix}»rpe, modify chanye ar sffea tna orig(nal liabiilty of the MORTGAGOR t+~re~n, either in whola o~ In part.
10. It i~ specifically agreed shat time is of the essence of thie contrsct snd thet no waiver of •ny pb'igation hareundet ot of t1» oblFystipn
cur~d htr~by ?hall ~t eny time thereafter be held to be e waiver o' the t~rma heraof e~ of !he insrrvmertt securcd herby. , _
11. In eddition to the forcgotng monthty peyments of ~rincpa! end interest requ~red rhe p:om:sw~y note sec~red'he*eby, maigagor cove~~nh -
~nd iprees to pay to mortgagee wifh each monthly payment ~n additional ~um e:timated hy ~ho~ty:gee ro be equal ra t/12 of tfic ennwl cost of the fal{oW- .
i~:
A-All rea~ proparty texes levied or essessed aga~~st tfie above described rrel estete.
6-Premiums un fire •nd w+ndstorm imvranct es herein requ;rcd to be carried on the ~mprovements sit~atz on the abnve dawibed ptsmises.
C-Premiums on ~uch mortgage guaianry insurance as mortgegee shall from time to time deem f~t ro <arry on ?he loan iecured haeby,
Monpeflee shall from time to tlme notify mortgagor in writi~y cf the amount due and peyaE!e hereunder and iuch sum shs!f ther~upon be dve ~nd
peysble on the dua dete ~f the next monthly paymertt and eath wcceuive month thtrtafrer ~nt~t !nortyegae tha!I not~fy mortgagor of a chanye in tuch
amoun4. Sa;ch a~m~ she1~ be applied by martgagee tawsrd the payment of real prope~ty 4exe~, In~urance pr:m;um~, and mongage qu~renty intur~nc~
pramiurht.
IN Wi;NE55 WHEREOF, the said MORiGAGOR has herounto te9 hit hand snd ~eal the day •nri year first aforesaid.
rtin.a, ,i~a .~a a~i~~~. ~ p~e.~~~ of: FPt,ED AND RECOR{3~p
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51'ATE OP FLORIOA ~ •
couxrr ~ St . Lttc i. e R~~, ~'R P~u, i ~C ^c ~r .
E~fw~ r~ ~lirror+slly ~ppeerod _ ~a~.iP~.l _ ~lAI~~~ ~r+~
--.~.~:.r,_ ~~~'t-'~~~Cai~~ _ his wife, to me wttl known and known fo m~ ro b~
Mw l+rdivldu~b • tfii~utb~d "'+F,_.~ wha exxvtsd the fareyoiny lnitrum~nt, ~nd ~cknowledqed befor~ ma thdt they ~xscuted the urrw fot ths purposms
~+»..+n .~.....d. a.~a r'r~'~~d~- ~~IQV~ ~ E _ 1~eC ain - - - - - -
«+~a a~+: .,rd Dgvid La I~aC~in .»~~.~o a~,d ,~,+v.,.
~xireiiiNtioh by m~ r~k•n. r:par~ta snd epart from her iald husband, aknowl~dqed to snd before m~ that ~h~ axecuted s~id imtrum~m fre~fy Md voivrr
Tar~y ~rid without ony comp~lfiotj conatrsint, appreh~nsion, or fear of ot from h~r wid husb~d.
wtTlVE3s ns~r Jhrnd a+(d~q#fscr,t ~..t rhi~ ].O~h d.y o f~I~.$ ^ t D. iy
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lJotary Public In ~nd for t ~ of Florida it larQ~
My Commiuion •xpirs~:
Retum To:
Citi:rn~ Fad~r~{ S~vings Z Loan Astiaciation "~la: ~~5t ~ Skit~ Q{ floi~a at large
nf sf. w«. co~~ry y„..,, ~,a;<<s M~cc;, 1, 1959
~ Ni' Cor, s~+on , co.
FL Pit'ce, Flr7rida , G J~ ~`~,yp~ h. a,.•en f aa 6~.+suei r
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