HomeMy WebLinkAbout1756 3. To place and continuously keep on ~hr t~~'d:r,.-,s nov, or r,era~lter a+~+~re o~ sa:i a:~d +-:1- a: d persone!~y covered by th~s martg-
sfle, with sll premiums thereon pa d in full, t:re i~:zur~ :ce in thr "s~ s~.~r,dard po'~:y iorm. ~n :i s~ a, pro~<d i~Y rt~z rJ~C;n~v::~~EE. and windstorm
inturente in the usual standard pof;cy fonn, in a w~n {~ro.rd n~ the ARORTGAGEE, in such co~npe~i~ or cern~:jnies as rhe MORTGAGEE mey
dired; end al! fire and winc~atorm insurance pollc~es on ~ny of sa~d bui~d.~~ys, eny int~+rest rharein or par' :h<;acf, in tEic agqreyate svm aforoaaid e~
in eacefa thereaf, shell contain the usuai etar.dard mo~rge~ee c:avs~• ~r s~~ch oihe~ c!~~~sa as the Morfgayee may ~eqv:re, maki:ig rh~~ loss undrr sa~d pofi•
cies, each and every, payable to said MORTGAGEE as ~ts inrer.~st may appear, ~^d each and every svch p~: cy shali be (`rOmpily aSi gncd and de~~vered ro
any held by Said MOR(GAGEE as furtfier s~wrrty ro sa:d r. a~9~3e debl. and no! !ess than Ien (101 d3vs ~r~ adva ue ef thr expiration of each poticy, to de-
liver to ~aid MGRTGAGEf a renewai Ihereof, together with a recr~pr for the prem~um of svch re^^~r.a~; :+nd ii+r~r tha~! br no f~re ur windstcr~~ti inwrence
• pieced on any oi said b~ildings, any inte-eat there:n cr per~ rhereoi, ~n'ess in the farm and wi+h thc ioss payab!n as atoresaid; and in the event any s~m
ot money becomes payable ~ndrr such policy or pollcles sa~e MORTGAGEE shail have ihe op;f~on io ~_°o_~.e ~~~:i a:;~:'r !I,e sa~ne on ac.ou:,~ of the ind~bted•
nesa secured hereby or ta perm~t said MORTGAGORS ro recriv~ and use it or ~ny ;>,:rt ~h~•;,o"t ^:i~.~ uu , cs:s, ~..:I._.,, :1~-~~ n.:~•+ .7 ''°P~''
ing any eq~ity, litn or riqM under ar by virt~e of this n:orrgjga; and in ~he event sn d:410RTGAGOkS shsli ?or any rcason fail to ker~ the sa~d p~e~nises so
insured, Or fail to detiver promptly any of Said poi~cies ot insu~ante ro Sa d MORTGAGEE, o! ~'ron:p~i': ic' paY fu!~y any pre n~~m therrfor O~ ~n any
' resped fail to perlorm, discharge, execute, eitect, tompleto, co~r,Nly w~th and ab~de by rh~s covc~+an~, or a~i•/ oart h~reof, s.+id MORivAGEE may place aco
pay for such insurance or eny part thereof wrtho~t ~vai~ing or atfecting any opt~on, lien, eq~:ty, or ri~ht UnCICi or by v~rt~e af fh;s Mortgage, and the
fu~l smount of each and every suth payment sha!I bc immedietely due and payaL•ie end shau be:a~ intrrest f~em thc date thereot ~mil pa~d at the rate o{
nine per centum per annum and rogeth~•r Hi!h such inter::st sha~i bc ;e:ured i~y the lien of th~s morrgag~-.
4. io permit, eommit or suFfer no waste, irnpairment or detec:orat~ore of s~id property or any part rhereof.
. 5. To pay all and singu!ar the costs, charges and e~ucnses; inc:t~diny a re~sonah'e atteme~'s fee and cos~s of absfracrs ot t~t!e, incurred or pa~d at
any tin,e by sald MORiGAG:E, because or in the evenr oi !ii~ f.a:iu~e on rhe part oF :ht sa~d ~L50P.TGAGOR t~ duiy, pron,ptly and fuiiy pertoren, d~scha~ge
executz, effect, comptete, comply w~th and ab:~e by each and e.rry the s~~putaf!o:,s. agrr.~~~e•~+s, cond~i~ons, and co~enan~s of sa~d Fromissory note and th~s
mortgage any or e~ther, anci sa~~ costs, charges and expenses, each and every, shail be imr.~ediately due and uayr.~_!e; whether or not rhere be r.ot~ce d;
mand, attempt to colled or s~it pen~int~; znd the (u:! umount of each end c.•ery svci~ :a~n:ent shali bear inr~res~ from the da~e thareof until paid et the
rate of n~ne per cenr~m pet ann~:ir, ~nd ait said cus~s, cF,:~rges :~^d ~:ti:,-•~•s:is ~nc~rred or p~id, !ayethor vv~th wch interest, ihall be setcted by thr l~en of th~~
mortgage.
6. That (e? in `he event of any breach of th~s Mor:gage or deiav:+ on tt•._ qart of ':.O^nTGAGOR, or ;b) +n the event any of sa:d sums of money
herein referred to be no! promptly and iully paid w~tf:in rh:rty ~30? days next a*t•~r thc sana s<•vera'iy be:nm~~ due and payab!e. withoui demand or notice,
or (c) in ihr evem each and every the stipu;ati~ns, 3~f@c'~T2~~!5, '.J'~Lit~0~~5 and co+ananrs of s~ d preri>scry r•,ote s~~d th~s rnortgoge any or either are no!
~ ~uly, promptiy and f~lly performed, d:schargecf, ex~wted, ef'eued, comple!ed, co:~~pl.ed v:~th anu a:, ded 5y, th?n in elther or any 3u.n event the said ag~
gregate sum men!ioned in said promissory note then rernaming unpa~d. wirh intz~rc;t acu~~e-d, end a~ mone~s secvred he:eby, shall becoma d~e and pay
able forthwith, or thereafter, at the option of s~~d N,ORIGAGEE, as fuiiy and con,piec_ ly as if a!I of r!•-, s:,~d sums or money were or~ginn:iy s~~pu:ated
to be pe~d on such day, anything in ss:d pro:n;sscry no!e or ir. tivs '+!ongag~° to ;1~e con!~a+y not::~tFsta~:d ng; ar.d thcreupon or there;ftcr at Ihe option ef
said MORTGAGEE, witfinut not~ce or demand; s~it at ~aw or in equ~tv, therefore or thererrer e~-yu:'~, m3y i:e prosecuted as if a;i moneys sewreti hereby
had matured pnor to its institution.
7. Thar in the event that at the begir,nSng ef or a! any ti:re p~nding any s::~r u{:on !Lis h'•n~tgage. cr ~e !e~~c!us2 it, or to reform it, or to enforce
paymeni of any daims hereurder, sa~d h10RTG.4GEE sh~:i appiv fe th~~ Co,;r~ hav~rg i,:-~sd.cilo:: ~r,,:eo~ !or tF~e ~:p~;~int:r,~nt o; a Raceiver, such Courf shail
Forthwith appoint a reteiver of sa~d mcrtgaged property ai: and 5iry~lar, i~;Cvd ry ~I~ ar d s y_~:~r _ ~;•con,e, F,ro!~1s, issu~s and revcnves frorn whatever
source derived: each entf every of wh:ch, ft ba~nq exoress:y ur,d~-~~rooti is F,er_by n:o~~g:3;;_c: as ~t s~:e:.+~ca':y set for*h a~~d desulbed in the g~anting ar.d
habendum tlauses hereof, and s~ch Receiver shatl have ail 7nF or;,aci a^.d efr~c;~e f~c::.c s a:.d p:c::er, in any,v~se erit:~:sted by a Co,~.t to a Rzceiver, and
:uch appo;ntment shall be made by such Couct ai an ad nir:~-d rq~i;y a~:d a^ atter ei at:sc u,a~ ~ ghf sa:d ,'~J~TGAGEE, and w~?hcur reference to the
edequacy or in~dequacy of th? val~e of the proper~y mortg.gea or to rhe so ~ency or r•.ne~ o! ,d:~i r~no~:cacoR o: th~~ cfe±e~-~dants, and that such
renis, prof:ts, income, issues an~ revenues shai! be appi~ed uy r.:cn Rec~i+rr .,"rd,:,j to ihe i:rn c- r:~.,iiy of sa~d MOn^TGiaGEe ar.d rhe prauice of wch
Gourt.
8. To duly, promptly and f~lly perform, d~s=h3rge, execttc•. c•{fecr, cc~nplcte, co:"piy w~!h ar~:J ab:ue by each and every the st:p~~ations, agreements, .
conditions and covenams in sa~d prc~nissory note a~id ths n+~r:r_,~~r_ s_r font;.
9. That in rhe event the owner:hip of the morlgagcd pre~"iscs. o~ a,n~ p~rr }%'c!•_C:7, =^CJ'n°_5 .e>•ed in o persc~ c~h~r than thE 1;•,ORTGAGOR, rhe
MORTGRGfE, its suceessors and assigns, may; wi+ho~~t re~:ce to t%~e 7.1CRiG~•OR, c:ca! v1:rh _uci s.:ccezs3r o~ s:.crs~or in inr~resr .vi+h relerence to th~s
mortgage and the debt hereby secvred in the sarne manner as N-~!h :'..r!~~.^,c~ x~fho~r in a~.y ,vr; v;t :t.ng or d~sch~~g ^g the R1crg,yors' Iiability here-
under or upon the deot nereby srcured. No sa:e a~ ii,e t~e ~.,s^s h:,r.~b; -~~b~t_rya,y~~d ard ~:o fe~: r,~-c•~ cn ti,e part oi tl,~r !.`ORTC;i~GE= or its sutcessors
or assigns and no exiens~on of ihe t~m~ for fhe p;ay~~._~,~ ~E ri,_~ c.b~ h~,rcby sew•rd g~ven by ±1:._ ;'~RIG.4C,eE cr its su~cessors or ass gns, s~~ail orerata
to re!ease, distharge, modify char.ge or affect the or~g~nat of ri,e h'.ORTGNGOR he~e.n, ~~ti~er in whole or in part.
10. It is sperfically agreed that time is of thc esse,~ce of rt,~s co~rtracr a•.d that ro v,aiver of any ot;'9a!;en hereurder or c' the ob'igation se-
t~red hereby shali at any tin,e thereaher be h_id to ~e a r:a~:e- ci ihe !er~ s h.~rr::f or cf the i•;sr~„-^_nt secv;ed i~erby
il. In add.tion t~ th~ foregong ~np,:th"v F,r:m~nts of p.~,: F~„i a^d ~,r_:cs ^~-:•_:i r., i'r„~ ,ror, s,cry ,c~~ s~,.~•_d 'n_re1,~, mortgayor covenar.ts
and agrees ro pay r~ rr,ortor.ree v.ith each on~h ti •.e -~1 .,,i s~ .i b: : ro c., eq~.~ tc ! 12 ei + ~.~:~i cost o'r rhe tol!ow-
ing:
, A-All real property ~ax~s le~ne~ o~ assess.:~i eq:i.s ;h_ :i:~..: d_>-~:,:d esr.;!~
B-Prern ums on fire and v:l~,dsto...~ :rsr:, i~r ed ti~ i~;_• cv;•7 ~,•s ~ or- t_ aho.,, dc:u bzd pren~;ses.
C-Premiums on s;.~ch mo•tg,.ge guaraniy ~~s,~ra• ca as n•,_~!;;3 :ce shsli ~ro - t n_ so t~:^~ dc-~~n fn to carr~ on !i~e ican secvre;i he~ei~y.
Mortgagee sha!i frcm ri--,~ to t~o•.e nc~~f, n.i. r. .v~: r,~ cf 'ne . •r. .i .,,,d F;_, a!~'e h.,•.:~r.~~: r a~~d s c': s~ ,~h,.! tn~~•c~po~ be due and
payab!e on tna due da!e of the nex~ n-o~!h ; r..., .nr ,•~7 e.::' ss:.~ u::,~i! ~y<< s^~'. r~a i~ o_a~or o' a ch~nge in s~ch
amount. Such sums sha:l be aop'ieCl by •^C••~3y._t: !p;:~'<I r, ~ of <<. ,~c~._n: ta.<.~s ins..~a:,c,. ~,•~r~ ~••,s a d..•ty;3g~ g~aranty insurar,ce
~ premiums.
!N VJITN[SS YJHEREOF, the said MORTG.~GOR nas here~°.!c ser h~s F+_r.d and scai th~ day and yea~ firs! afo•csaid.
, Sy !ed d d 'vered h e CnCE of: ~
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STRTE OF FLpREOA ~
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COUtJTY Uf ~.~B~TL~ I~11C~e I
Before me peraonal~y appeared ~_s F. kT i 1~ i am~ and
DOri 4 H. ~i_1 1 i ams__ _ his v~ife, to me well known and kno,Nn to mz to be
the indiv+duals described in end who executed the foregoing instrument, and acknow~ed3ed beiore rne ehat they exetuted the s~me for tha purposes
there:n expressed. And the aa:d_~__ ~ ~4L°~.-~ H~Wi~1i&~ls
~ wife of the said - ~B~~i_ ^~J1,L.3--~~ upon a separate and private
exammation by me taken separate and apart from n>! said hvsband, ackrowledged to and before me that she exew!ed said ~ns~rument frealy ard vo;un-
~ tarily and w~thout any corrp~;sion, consrra~nt, ar;.reh~r.s.ond, or fcar of er from her said husband.
' WITNE55 my hand and offic;al seal th~s------~i~_~----_ day of_~__-_- ~Tll'!1.@ , A. D. 19_
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Notary Pub!lc ~n and for the tate of Florida at large
My Commission expi~es:,,~~'
Retum To: •
First Federal Savings & Loan Associat~on [~J4dry P bliC, StdtQ;Gi. FiO~;d] at Larg~
of Fo., FILED AND RECOROEd My COmm,~s~oa. ~x;~ S. i3o5
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ST. LUCi~ COllNTY,
~ FLORlDA
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