HomeMy WebLinkAbout1676 3. To place and confinuovsly keep on the 6~iidings now or heraafrer •ituate on sa~d lanc! a~~d ~.n a1i zq~ipmznt and penonally covered by this mwtg-
~Qr, with all premium~ thereon pad in f~ll, fire ins~rance ~n fhe us~al standeid policy form, in a sum aNpruved by rna h1CR~GAGCE, and windstorm
fnaunnc• i~ th~ uswl itandard pollcy form, in a sum approvad by the MOR'GAGEE, in such co;npany or companies as the MORTGAG[E may
dir~cl; and all fir~ and w~ndsto~m insuronce pol~ciea on any oF said kw~ld~nqs, eny interest therein or part thereof, in the ~ggrrgate s~m •toretaid a
In ~xces~ thsrsof, slull tontain the uaual star.dard mortgagte clause or such other claute as the Mo~tgegee mny requ:re, maMinq rhe loss undar ~a~d poli-
ties, each and ew~y, p+yabte to said MORTGAGEE as its intrrest may appear, and each and every s~~ch poi~cy shall br promptty ass gned and delivcred ~o
~~y hsW by said MORTGAGEE as further sewrily to said mortgaye debt, and, not less than ter, (10) days in advanc~ of the e:piratiun of each pol~ty, to de-
liwr To ssid MORTGAGEE a r~newal thereof, together wilh e reteipt for the premwm of such renewai; and rhere shall be no f~re a windito~m insurence
plat~d on •ny of said buildirrgs, a~y interest tl?ere~n or part thereof, un!eSS in the form and wi~h the loss payabte as aforexeid; and in the tvent eny sum
of money bctomet payabla under such policy or policias iaid MORTGAGEE shall have th~ opt~on to rece~ve and app!y th~ same on account of the indeb!ad
neu sac~red hereby w to permit aaid MORTGAGOR$ ro rncaive and ~se it or any o~ft th,~r~of in~ o~i~r. pv:z>osrs. .::ii,o~:! th~rro, ~tia~~~~n~ c~ ,+~,p~;~-
lny any equity, lien or right under or by virtue oF thi3 ma:tgage; and in rhe event said MORTGAGORS sha'1 for any reason fai! ro keep the said premises so
insursd, w f~il 1o delivar prompfly any ef said policies of inxurancn to ~a~d MORTGAGEE, or fa~! pro~.7ptly to pay fuily any premi~m therefor or in a~Y
rt~patt f~il ro perfwm, discharge, execute, effect, complete, compty wirh and abide by th~s covenant, or any part horeof, said MORTG~GEE may piace rno
pay fw such irouranct or sny part thereof without waivinq or affecfing eny option, iien, rquiry, or right under o~ by virrue of this Mor!ga9e, end rhe
full amount of e~ch ~nd Qwry suth payment 9ha11 be immcdiately due and payable and ~half baer inferest from the date thereof until pa~d et the ~ate ot
nine per centum psr ~nnum snd together with such intereet sha~i be szcured by the lien of this mortgage.
4. To p~rmit, commit w suFfer no wasle, impairment or deterioration of said property or any part thereof.
5. To psy al) and sinqular the costs, charges and exp.,~nses, inciuding a reasonable attomey's fee and cosrs of abstracts of title, ~ncurred or paid at
sny ±ime by said MORTGAGfE, because or in the avent of the failure on the pa~1 of the said MORTGAGOR to d~ly, prornptly a~d fu~!y perform, discharge,
exec~te, effect, complete, comp!y with and ab~de by eath and every the stipulat~ons, agreemems, condirions, and covenanta of said promissory ~ote and ihle
nrortqaqe eny a either, and aaid cost~, charges and expenset, each an:l every, sha~l be immediate~y due and payable; whether or not there be nerite dr~
mand, attempt to col~ett or suit pending; and the full amount of each and every such payment shall bear inferes~ lrom the date thereot unril paid at the
~ate of nine per centum per annum; and all said cotits, charges and expenses incurred or paid, togethcr with s~ch ~nterest, shall be secured by the lie~', of thie
mortqa9a~.
6. That (e) in the event of any breach of this Mortgage or defau!t on the part of the M,ORTGAGOR, or (b) ~r. the e~ent any of sa:d sums of money
herein refe~red to be not promptly and f~lly peid within lhirty {30i days next aite~ the same se~era'ly become due ar~d payablt, without demand or notice.
or (c) in the event each and every thc stipulations, agreements, cond~tions and wvena~~ts o! sa:d pro:nissory note and this mortgage any or either are no1
~uly, promptly end fully performed, d~scharyed, enecuted, effected, completed, complietl wirh and ab~ded Sy, then in e~ther or any such event ths aa:d eg~
qregate sum rnentioned in aaid promissory note !hen rerr.aining unpaid, with interesr accrued, and alf moneys secured hereby, shall become due and pey-
able forthwith, or fh~reefter, at the option of said MORTGAGEE, as fully aruJ complete;y as if all of ?he said sums of money were or.gineily slipu(ated
to be paid o~ such day, anythiog in said promissory note or in rhis M~rigaqe to the conrrary norwithstd~~d~ng: and thereupon or thereafter at the uption of
said MOR7GAGEE, without notice or demand, suit at law or in equit•;, therafore or thereafter begun. may be prosewted as ii all moneys stcured hertby
nad matured pnor to its institution.
7. That in tha event that at the beginning of or at ary !ime pending any su~r ~pon rh~s Mori9aye, or ta forecloee it, or !o reform it, or to enforce
paymen! of any cleims hereunder, said MORTGAGEE sha11 app!y to the Court having j~~risd~cron'thereo{ for the appointment of a Receiver, such Court shall ;
fwthwith appoiM a receiver of said mortgaged property all and singular, includ:rtg ail and singu!ar the income, profits, issues and revenues from whatever
tource derived, each and every of wh~ch, it being express!y unclerstood, is hereby morrgaged as if spec:tically set forth and descrbed in the granting and
habendvm clawet hereof, and such Receiver shal! have al{ the broad and zffectlve funct.ons and poke~s in anyw~se enrrvsted by a Court to a Receiver, and
such eppointment thall be made by such Covrt as an admitted equity and a matter of abso!u!e right to sa~d MORIGAGEE, and witho~t referente to the
~deq~acy or inadequa:y of the vatve of the property mortgaged or to tha sa:vency er ;r,so:vency ot sald MGRiGAGOR or the defr~i~3anta, an~I rhat such
renrs, profi4, intortse, iuues and revenues shail be applied by such Recei~er ac.ord,ng ro the li:n o! equiry of sa:d MORTGAGEE and !he piattice of such
Court.
8. To duty, promplly and fully perform; d~stharge, exetute, effett, comp'ete, comply w~th ard abide by each and every the stipu!ations, agreements,
conditions and covenants ~n said promissory note and th~s mortgage set forrh.
9. That in the event the owncrehip of tne mortgaaed prem~ses, or any part ti,erof, L-ecomes vested in a prrson other than the MORTGAGOR, the
MORTGAGE~, its soceessors and assigns, may, without noti:e to the MORTGAGR, dea: w;th such successor or successor in inrerest with reference to thi~
mortgage and thc debt hereby secured in ti~e same manner as wlth htartg~gar wishout in a~y way viliating or d~scharging the ?,Aortgagori liabitity here•
~nder or upo~ the debt hereby secured. No sale of the prem~ses hereby mortgaged and no !orbearance on the part ~t !ne MORTGAGEE o~ its successors
or aas~gns and no extens~on of the rime for the paymem o! the debt hereby secvred g~ven by the MORTGAGEE or its wttessor~ or ass:gns, aha~l operate ,
Io release, discharge, modify changc or affect the o~iginal iiab:i~ty of the MOR~GAGOR t~erein, either in whole oc in part.
10. It is speufically agreed that time is of the essence oE thls con;raN and that ro waiver of any obl~gat;on hereur.der or oE the obligation s~
c~red hereby sha!i at any time thereaf?er be held to be a wa~ver of the terms herect or of the instrumem securFd herby.
11. In add;tian to the forego'ng rt;onih'y payments ot pri^cpal ar.d imr,esf .equ'ved by !he pro~:~'sscry note secu~ed herebi, mortgagor tovenznts
and agrees to pay ro mortgagee with eaCh mon!h!y pajr,~ent an add:r+cnai svm esr ated by r,~~ortgagee to 5e eq~~al ro 1 12 04 !iie ann~al cost of ihe fuliow-
i~g:
/l-All reaf property taxes levied or assessed agai~~st the ahove describcd rea! e5+ate.
B--Premiums on fire and windstorm insuracce as nerein requ;red to be carried on the improveme~ts s;tuate on thc above d~scri:rd premises.
C-Premiums on such martgage gu~ranry ir.surznce as rn.,rtgagee shail frer^ t:me to t;me deer~ fit ro carry on the ioan secured hereby.
Mortgagee shall from time to time ncrify mcrtgac~cr in wrir~ng of the ercou~t d~e and payab!e hereunder and s~ch sv-n shnll fnereupon be due and
payabte on the d~e date of the next month!y payment and each success~ve mo~:th rnereaf~er uctii mcrtgayee sha!I r.ot~fy mortgagor of a cnange in such
amount. Such sums shsil bz applied by rnor!gagee toward the paymert of real property taxes, insuran:e prem:ums, a~~d mortgage gua,-anty insuranca
premiums.
IN WITNESS tiVHEREO~, tne sa~d MORTGAGOR has hzreunto set his haed and seal ihe day and year tirst aforesa~d.
$iyned, Se ed end ' rea i the presence of: ,
/
(Seal)
an
- c~an
- ~s~an
STATE OF FLORIDA 1 .
CO~JNTY OF S't. LUC~@ ~
Be#we rtx penonaily appeared Regis_Q`TI'~f~l-Il-g2' - _ and
G~nevieve ~ Trefelner _ n~e wife, to me well known ar,d known to me to be
1ho individwls described in and who executed the foregoing instrument, and acknowledged before me that they exewted the same for the purposes
the~ein expre~sed. And the said Genevieve ,S. Trefelner ~
wife of ths said R e
Q~
9 D_,__~e f elne r , upon a seperate end private
e,camination by me taken separate and apert from he~ said husband, acknowlectged to and before me ti±at she executed said instrument freeiy and volun- ,
tarily and without sny compulaion, constraint, apprehensioti_~{ fear of or from her said hustand.
WITNE55 my hand and official seat Phis - day of A. D. 14~j.~.
i
~ Notary P~blic and or the 59ate of Fbrida at Large
FIl.EO AND R~CORDED My Comm+ss n cxpires:
Return To:
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First Federsl Se7ingY~:f~ Loan Associat;on~.~ • e
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