HomeMy WebLinkAbout2122 3. Ta p!ace and contin~uusly keep on fhe bui:dir,r~s now or hereaher a~tuate on sa:d !a~d ard c^ o'.; eqvipn,~nt and persone!ly covered by tfiif mong-
~ge, w:ih all premium3 thereon pe~d in full, f~re ins~rancc in tiia usv~l s}andard po!ic~ fOrm, in a sum ~pproved by th~ MOR~G%,GEE, and windatorm
irt3urant~ in the usual itandard pol;cy fo:m, in a w:>i ~pp~o.ed by the MGRIGAGEE, in fuch tom~:any or co~^panies as the MORTGAGEE may
direch and all fire and wind~torm insurance po:k~es on any of sn~d b~i,d;ngs, any intertat therein or part thereof, in Ihe aggregate sum aforesaid or
In excesa thereof, shall co~tain ths us~al standard mortgaQee c'ause or svch oiher cievse es the Mo~tga~ee n:ay reyu;re, rrakir,g the ioss ~nda~ sa~d poti-
cies, each and every, paya~ate to seid MORTGAGEE as ~ts ~m;.~::st n,.~y appear, and each and every wch po!~cy sha!I be ~romptly ass.gned and deiivared to
~ny hefd by seid MORTGAGEE a~ further security to said morrgage dabt, and, not fess than ten (10l c~ays in advarce of tha expirotton of each poGcy, to de-
liver fo seitl MORTGAGEE a renewal thereof, togethe~ with a rrceipt for the premium of such renew~!; and ihare sha!f ba no fire o~ windstonn insuronce
pleted on any af eaid bvildings, any interesi therc~n or part thereof, imless in ihe form and w~th the loss payabie as aforesaid; and in the event any sum
of mo~ey b~tcomes payab!e under ~~th policy or pol~cies sa~d MORTGAGEE shall heve the oF;t~on to rec_i:<~ .,nd ap;~iy the sa~r~~ on account of the indab~ed-
ness sec~red heroby w ro permit said MORTGAGORS to recaiva and use ~t or any part rhz:~of rnr o:~, r~:ur; cs_s. ~•~:ii~o~r ii,r~u; .w~~i.~g cr ~~np~~r•
ing any equity, lien or righr under or by virtue of this mcrrgac~e; and in the evrn~ ta d MORTGAGOnS sh~!1 for an•y reason fail to keep the sa~d premises so
inwred, or fail to deliver promptiy any of said po~kies of ins~+ance to sa!d MORTGAC•[E, cr ia~': p-on~ptly to pay fu~ly a~iy p~e~»ium therefcr ar in any
r~spect feii to perfwm, discharge, execute, effect, con~yle!a, ca^:ply wlrh and ab+de by this covenant, or any part hareef, said MURTGAGEE may place a•~d
p~y for sucn inaurance or any part lhereof withoui waiving or affecting a~y option, lien, eq~ity, or r~yht ~nc'2r or by virtue of this Mortgage, and tht
full •mount of each and every such payment shall be ~mmed~etely dve and payab'e and shali bear i~ttrest from tho date thereof unt~l poid at tha rate o1
nine per centum per annum and together with such i~iteresr shal~ be sawrrd by the lien of this mortgage.
i. To permit, commit or suKer no was/e, impairmert or deterioration of sa~d prcpeny o~ any part thereot.
5. To pey all tnd sing~lar ihe Coxts, charges and axpenses, including a reasonab~e attomey's iee ~nd costs of absnacts of title, incurred or ~eid it
any time by aaid MORTGAGEE, because or in the event of tne fa~!ure on the part of ~he sa:d MORTGAGOR ta du~y, promptly and fu~~y perfonn, d~scha.,:.
exec~te, effect, complete, comply with a~d ab:de by each and every the stiputat~ens, agreement~, cond~t~una, and covenanrs of sa~d pranissory note and th~e
mortgage any or either, and aaid costs, charges and expenses, each and every, shali be immediately d~e ar.d payabie; whether or not there be notice dz
mand, attrnpt to coliect ar suft pend~r,g; anci rhe fuil amouiv of each and every such payment shafi bear inroreat from the dafe thereof untii paid a1 rhr
rate of nine per cantum per annum; and ai; safd costs, charges a,d expenses incurred or paid, together wnh s~ch interest, shall be secured by thr lien of this
morsgage.
6. That (a) in the event ef any breach of th~s Mortgage or default on the part af the MORiGAGOR, or ;'t,) in the event any of sa;d sums of mo~ey
herein referred to be not promptly and fully paid wrthin th:rty (30) days next atter t~ir sarne severa'iy beco~~~e due and payabie, witho~t demand or notice.
or (c) in the evem each and every the stipulat~o~~s, agreements, condiiiens and covenants of sa d promissory note and th~s mortgage any or e~ther are not
~~ly, promptly and fully perf~rmed, d scharged, execut~d, effected, compieted, comp:ied v.•i~h and ab~ded 5y, ihen in elth^.r or any such event the sald ng-
gragate sum mentioned in said promissory note then remaining unpaid, with interest ac.r~~ed, and a~l moneys sec~red hereby, shall become d~e end pay
able forthwith, or thereafter, at the option of sald ~.10RTGAGEE, as fuliy and comp;ercly as if ali o? th;: said sums of money were or~ginaliy si~p~la~ed
to be pe;d on such day, anything in sa;d pro:n~sscry note or in th~s Morrgag~ to the cororary norw;+hs~anding; and fhereupon or thereafter at rhE optio~ of
~aid MORTGAGEE, without not;ce or damand, s~it at law or in squity, ~herefore or nc~reaiter begvn, may be presecuted es if a!I moreys sec~red hereby
had matured pr~or to ita in3tit~rion.
7. ?het in the event that at the begtnn7ng of or at any time pending any suit upon rh~s Mort~age, or to fo~edose it, or to reform it, or to enfarce
payment af any claima hereu~der, said MOR7GAGEE shaii apply to rhe Cou~t hav~ng jur:sd,ct:on thrrcof for the appoinrment of a Receio~er, such Court shall
fo~thwith appoim a recei~~er of said mortgaged prop~rty ali and singv:ar, inc~~d ng ai! and singula~ the income, profrts, iss~es ard revenues irorn whatever
source derived, each and every of wh:ch, it be~ng express~y undersrood, is hereby mcrtgaged as if spec,f~cally set forth end deacribed in the granting and
habendum clauses hereof, ard such Receiver shall have ai; the brcad and efreu:ve funct.ons ar~d po~ers in anywise ent:usted by a Cuwt to a Recciver, ar.d
tuch appoinfine~~t shell bn made by such Co~:t as an admitted ee,u~~y and a ma~~er af a~soiute right to sa~d MORTGAGEE, and wi~hout reference to the
adeq~acy or inadeq~acy of the vai~e of the property mortgaged or to the so.vency er ~nso:vency of said MORiGAGQR or the defendants, and that s~ch
renta, profits, in<Qme, iasues and revenues shaii be aFpi~ed by svcn Receiver accord:ng to the lien ur eq~~iry of said MORTGAGEE and the practite of such
COUrt.
8. To d~ty, promptiy and fvlly perform, ~';scharge, execut~, effect, complete, con}piy with and abide by each and every the stipuiarions, agreements,
conditions and covenants in sa~d prom~ssory no;e ar.d th:s m,o:t3ag= set `orth.
9. ?hat in the evenr the ownership of the n-~ortyaged prenuses, or a~~~y part inereef, L•ecornes vested in a person other than the MORTGAGOR, ihe
MORTGAGEE, its successors ar~d assigns, may, wl~nout r.crice !o the :V~ORTG ~OR, deai v.+tn ;erh wccr.ssor or s~ccessor in interest with reference to this
mortgage and the deot hereby secured in the sa:ne n,anner as .4i~h "1:or.gagor ,r~~ti,o~t in any way vit;atir,g or d~scha~g~ng the I~iortgagors' liability her~
under or upon the debt hereby sewred. No s3;.~ o± the Frern:s^s hereb~ mortyaned and no ~orbea.an~e cn the part of• the MOR7GAGEE ar its successors
or ass~gns and ne extensior, of the rime for the payment of rhe debt hereby secu~ed g~ven by tne M02TGaGeE or its s~ccessors or assigns, ,1:a1! operate
Io release, d~scharge, modify changt or affect the arig~na! liau!iny oi ~he MORTGAGOR i~ere~n, eic;~er in whoie or in part.
10. It is specifica!ly agreed that tirne ie of tne essence of fh~s contract and shat ro waiver of any obligat~on nereunder or of the obligation ae-
e~red hereby sha!i at any iime thereaPter be heid ro be a wyiver of rh: terr..s F•ereuf or of the instr~,,men! sec~.ed herby.
11. In aud.tio~ to the iorec~c~rg month y p:~ym~nis of prnc pa: and ~nrt~;est requ!red by tne prorr.,sscry no!e s:-~red Fcreb~, mor+yaga; eovenants
and agrees to pay to mortgagee with eacf, monrh!y pay~~ent an add,~ionat s~m est ~ a}ed b~ mortysgee to b~ eq~,al to 1, 12 oE the ann~~al cos~ oF the foliow-
ing:
A-AI! real property taxes Icv~ed or ass-=ss:d eC~]i~5t the abo.e descr:+~~d r•~a1 es'a'e.
B-Prerniu:ns o~ fire and windsronn insurarce as hercin r.~q~;red to be ~a~ried on !he im; rove~nents s:tvate on the above describc;d premises.
C--Prem~~ms on such m.ort ;~ge guaran+y ir,s~rar ce zs m~~'ga.:ee sr;i! frc c f'me +o t:~~-~c dezm fit to carry or the loan sewred hereby.
M.ortgagee shall 'rom tirt-e to r•r,e not~fy mc~t,agcr ~n v:r:t:, g cj thc ~~~-n;:^! d~e and parahle hereuni.'.~r and suci, su sh:ail thereupon be d~e and
payab!e on tne due date of rn. . ext n-.o.^.th:; p~•:~n~>n; a,;d ~::ch s:ccassive n,o-~*h thereaf+~r u~~.ti~ m,rtgagee sha!I r.o!:fy mortgtgor of a.!~znge in such
amount. Such s~~ms sha:l be app'ird by :nortgagee to.vard tne payment of reai ,r,rot.er:y taxes, insura~;ce prem;urns, and rr„!tgage guaranty insurance
premiums.
IN WITNE~S 'v~`HEREOF, the said MORTGAGOR has hereunto s~_t h~s h~r.d and seai the day and year flrei aforesaid. 9
5ignec Sealed a d deliver in the pr sence of: ~ '
' • L" ~ ~ ~~Seal)
_ {Seal)
- ~(Seaf)
- - - _-(5ea1)
5TA'c OF FLORIDA
SS.
COUN7Y OF S t~ LllC ~ A ~
Before me personally appeared _ ___~~~~u~'dBOA__ and
F.lflIIl~ a7. Ri~hardson h~s wife, to me wa~l known and knovm to me to be
the individua!s described in and who exe:uted the foregoir,g i~strvment, and atknowledoed hefo;e me ihat they executed the same '.or the purposes
therein expressed. And the said~~ F'~3~lil~ J. Richardsofl _
W~r~ of rhe sa;d _M• M• Riehardsc?~ _ upon a separate and nrivate
exarc~~nat~on by me taken separate and apart from her sa~d husband, acknowledged to and before me tF~at she executed said instru~rent ireely and vo~un-
tari{y and wrthout any compulsion, cor.ttraint, apprehens:on, or ear of or frorn her said husband. L~ '
WITNESS my hand ar,d aFfirial seal 4his__ '~"C _ day of Ji~'1~ A. D. 19~.SZ~
E ~ --~t-'~-~--- ~°~.~i
` ~ Notary Pub.~c in antl for the State of 'riorida at Large
My Comm~ssion expires:
Return To: _
Firtt Federol Sav~~ s a loan As AND RECORBOO~K NotarY Pub~'c, Sizste ot F~orie~a at _arre _
~ ~c~ , t:iy ~o;nmiss;on Expires Nov. 3, 14o:i
Of Fcrr P:~.ce. (Nj Bonded bY American Su:ety Co. qf • ?
'rort Pir.rce. Florida ~ s f.y~~ • . ~
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. 65 JUN 28 A~9 ~ :
. ~ ~.~Ei~s'~C~ERK ~ , .
~ " ROC~~R POITRAS. - . , ~
ST. LUC~ER ~A NTY, . _ .
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