HomeMy WebLinkAbout2367 3. TO place and coroinvo~sly kee~ on the h.~~ dings now or hrrea{iN. y, ,f ,j~.~ ~.c ?r a:.d pcrsana:'y ce•:ered by this morrg-
sqe, wlth ali premiur.:; thereon pa~d in f~~!, E;rc ir.s.;ra,ice ~n it~r ~swl s':~~~~':! ro'~cy furm, in a..c~ ,.,,pro:c.! br the MCR~v.~vFE, and windsrorm
inaurante ~n the usual itanda.d pol,cy (o~m, in a s~,n appro~ed Ly ~he ,ti'~OR'GAGEE, in such cerrpany er conE~en:es ~s ~hr AtORiGAGEE may
direth and ali firo end windstorm insurance pol~c~es on any of s=~d b~i!d.nys, eny in~ere>t lhere~n or Far; thareof, in tfie a~graga!e s:,m aforesaid or
in ~xtess Ihereof, •hall contein the usual star.da~d n,or~~agce c••~'~sc er s~.;.h other ciacsr as the Mortyayee n,ay rryu.rr, making thr iess undrr sa~d poli-
cies, each and eve:y, payab~n to sa~d tAORTGAGEE as ~~s ~nreresr n,ay aF~pear, and eacn and e.e~y such s!:all oe pron,p~.y assg~~ed and deiE•:rred to
~ny held by said MORiG<1GEE as furlher ~ewrity to 3aid mortgage drb~, and. n~r !ass than ten ~10` d~;s ~n aJ~~~~c~ ef thc expirati~n oi each pol~cy, to de-
liver to iaid MORTGAGEE a rcntwal thereof, togethrr with a re~teiF» for the p+r~niurn of such re:3ew.+'; "~d ~here s~~a',i br no f~re or ..I:~dsto•m ~nsurance
platad on any of taid buiidings, any interest ihere~n or part Ih?reuf, ui'ess in ihe form and with ihe loss poyab!e ss a`aresa~d; and in Ihe event any s~m
04 mortey b¢comes payable ~nder such policy or Hol~c~e3 s~3id MORTGAGEc s~~3il have the e~ct:on to rec_i:c ;~~~cl a;~~!y tiie sa•ne en accovtit c~f thz indabt~~d-
neu aecured hereby or to penn;t satd MORTGAGORS to recei:e ar.d use ir or .:,y ,~.•i ~t;_.:_v' t.,. e.~,.• t;;, :?.s.r:. ;hr~::; ~r ~~~,p.::,.
infl any equity, litn or right under er by virtue of th~s mor~yac~e; and in the evint sa'd ~ti1CRTG.aGQ^n5 sha'J f;;r any reasor, fail !o keep the sa~d premises so
insured, oi feil to deliver promptiy any of said NoGcies of ins~rance to sa;d MORfGAG_~E. or t~~l :r.o r.p'ly to F ay f~:~y any ;:re n ihc:efor or in any
respect fai! to periorm, discha.ge, exec~rr, effea, comp~eta, co~~,ply wirh and ab~de by rh.s cov•anant, ur any ps~~ hareof, said MORiGAGEE may piac+~ a:~d
pay For wch insurance or any part thareof wiihout waiv~ng or affecring any opfar~, lien, equ~ty, or ~~~ht under or by vlrtoe oi ~h~s Mortgaye, and tht
full smount of each and every svch payment shall be immediately due and payah!e and shail bear imerest 4rom tha date th~reof until paid at the rate cf
n:ne per cemum per annum and to~sther N~~h such inre~est shai: br se.ured by the lien of th~s mo%tgag~~.
4. To permit, commit or suffer no waste, impa~rment or deter~~rotion of sa~d property or any part thereuf.
S. To pey el! and sing~lar the costs, charges ar,d exper~ses, ~nclud~ng a r..-asonab!e attomey's fee ~~d cozts ef absrracts oi tltle, ir,cunEd or paid at
eny time by said MCRTGAGEE, because or in the event of the fa,iure on ~h~ p3rt o! :he snid ~4'~ORTGF.GOR to duiy, prompNy and f~!ly perform, d~scnarga,
exzcWe, effect, tomptete, comply with and ab:dz by eacn and every ~I~e st~pulat~ons, agra^rtiCniS, CO~~C~~t~ons, and covena~7ts ef sa~d pro~n~;sory note Th~e
mortgege any or ei~her, and sa:d costs, charges ar,r~ expenses, each and every, shaii be irn+.,ed~~!ely d~e and payaU:e; whe~her or r.ot thcre be notice da ~
mar+d, attempt ro collett or suii pend~ng; and rhe full amount of each and every svci~ ~.ay;r.ent si,aL' baa~ irnrrest from the date thereof until pafd at the
~ate o! nine per cenwm per annu~~; and ali said cosrs, cnarges a~~d ex;.enses ~nc~rrtd o: F:a;d, to~etl~ar ~v~tF suci-~ interest, shall be secured hy the lian oi thls
mortgage.
6. That {a) in the event of any breach cf thh ~Narrgage or defa~~t on tFw part of the '„ORTGAG~R, vr ,b) in the event any o( ~a d sums of money
herein referrod to be not promptiy and fu~ly ~aid within th rry ~30) days ne.<+ ait~r the same severr:l~ 6c.o^.ic due and payab!e, w~thout dema~~d or neticz.
or (t) in Phe event each and every the stipuiations, a3reemen!s, condltions and covenar.ts of sa d F•re:nissc.ry no~~ and ti~~s mortgage any o~ either ure not
~uty, prompNy and fuL'y perfermed, d:5chargcd, executed, effetted, completed, compl;ed w~rh and ac ded then in e~+her or any svch ever,t the ea~d ag-
grega!e sum mentioned in said promissory nete then re:.~aining unpoid, with ir.tere~r accr~ed, and a~i moners secured hereby, sha:l become due and pay~
abie forthwith, or thereafter, at the opt~on c4 said ,ti10RiGAGtE, as fully an.~ comp!etc:y as if aik of s~~d s~:ns ef money ware e~ ~inally stfp~iat'rd
ta be pa~d on suth day, anything in sa:d pro~n~sscry note or in this Mortgag~~ tu tne ccnt:ary ~IOF.v~1R513'll'~:~y; dnd thersvF~en cr ti~ereafter a~ the opt~on of
said MORTGAGEE, without norice or demand, suit at law or in equ~ty, thcrefore or ti~creaf~er F)t•QU!l, In3Y FJE !~rosecvted es if aii moneys secured hereby
had matured pr:or to its institution.
7. That in the event that ai the beginning of or at any time pending any su:t uecn th;s 'lortpaqe, o~ !o foredose it, or te reform it, or to enforce
payment of any claims herevnder, said MORTGAGEe shail apply to tha Go.rt h~vic~ ;ur,sd.ir,un f'e:_o' fer ttte appeint~nent of a Receiver, such Court shall
forihwith appoint a rece~~er of said mortgagrd property all and sing~;ar, inc~ud ng a~~ a~:ci s.-,y~ic~r t~~a ~nceme, p~of~rs, issues and revenves (rom whatever
source derived, each and every of whlch, ir being express:y ~n~erseoed, is he~e~y r,er ;:_:ed as ~6 s;;ec.`ica:~y set fortn and describ~d in the granrins ar.d
habendum clauses hereof, and such Receiver ._hali hava ail 1IlL' ~rJ3CS aed ciiec~:ve funu c s r.ncJ po.:rrs in any.v:s^ entrusted by a Ccurt to a Reteiver, and
svci+ appointma~,t shail be made by such Court as an adni:ted equ~ry and a r.:af:,r cf a~~s^!~~;e rlgi,~ ro ;e~d N,ORTGAGEE, and w~fhcut ~eference to the
adequaey ~r inadaGuaey ~f the valve of the property mortgared or to fhe s: ven;, or ~~rc:ve^:y of sa~d MORiGAGOR or the def~nda~fs, and that such
rents, profits, income, issves and revenues shail be applied by such Reca.~iver ac~a:.'.~:g to tt:e Ilen cr rq,;~ty uf sa!ri MOR.TGA.GEE and !he practice of wch
Court.
8. Tn d~ly, ~romptiy and fully perform, discherge, exec~r~, effe:t, car.p':rte, can,E:l; w~rh ard a~Ide by each and every the stlpulations, agreements,
conditions and covenants in sa~d pramissery note anu th:s mortgage set forin.
9. That in the e~ent the ownrrship of ~h~ mortoaged c~e~~~~ses, a ar,~ ~~rt ~%,e~ec', c~co~res v~•sted in a ~:erscn c'her than tne h"ORTGAGOR, the
MORTGAGEc, i!t successors ar.d assigr.s, may, vr~sh;;ut r.ci!ce to nc~• :'.02iG<.OR, dc~~ r.,~h s.;ch suc~~ ssoi J' :cUc55v! in ;ntcrest w~tn reference to this
mortgage and the dee,t hereby secured in the sa~r? r:~nner a; wi+h .',~~•.~e,o~ v:ltn~ut ~n ar•y v.ay v;!::~r~ng o* d s:herg:n~ tha f:lcrtgagors' Iiability here-
under or upcn the debt hereby sec~~cd. No sa e cf the f:~e^ ~s:~s h~~eb; r.~o t~~g:,d a^d ro re~i:=ara~~::c on the pari oi ihe !:•Or~TGiaGEE or its SuCCP.550f5
or assig~s and no extar.sion of the time for the pay~cer~ ri_ d;.bs herecy scco~ed giv~•n by fr~e .~~~R~GaG~E er ~r, wccessors or assigns, a1~~all operate
ro release, d~scharge, modify chanqe or affect tti~e orig~nat ii.ib.,,t~ of tne h'~ORTGAGOR here~n, ei~her :n who:e or in part. ~
10. It is spetificaliy agrred that ti~ne is :.f the esserce of ti,is co-:~r~ct a~.d that ro ~h•eiver of ary eb"gat~on hereur.der or of ihe obligation se-
e~red hereby ahali at am~ time fhereafier be h_id tc be d K':]i'J2T ef ih_ ierrrs f^(fOf Of Oj rF;e i str~~~~,ent secu~c•d he~by.
i l. In add:tie~ tu th•a ferego n~ r,~:enti~ly r,ayr~er~s of ~;r~rc and s+ r=:i L; ~I,_, F;rc,,,. ss.-.ry no~e s_:ured h:~r~b;, mortga~or covonants
and agrees to pay to n,ortgagee with ea-.h r. o,.•hly ;~ai e...r ar a;> >~~~o•~al s~•r~ ~s~ •:r^d 6~ n,o,r 3ce be e.;..,~ to 1 i2 of fi~~ a~~ ~ual cost of tFe fo;iori-
in9: i
A-Ali real property tazas lev~ed er assescc~ ag_;~~st t~•c ac~ve des:u~rd r,a~ es'3~e.
B-Fremiums on fire and .virdstorm ins~rzrce c; 'r.ere n req~;red to be ca•r.• d c~i ihe ~m-,roveme~!s : tuar~ on ti,~ abcv~ d_,_-~;.: d premises.
C-Premivms on s~ch moHg:;ge guaranty irsurarce as rr.ort~agee sha'J frc~~ ?o _ d: _~,n i~s to c3rry on the !oan secured h=reby.
Mortgagee 5!~ail from time to ti-e r.cr~f; mer„~r:gc• :n ..•:r:n~ oi tne ~~o:~! J.;c ..r.d F~:~y~b'~ ~_>~~~d~~ a~,d s_c~: su^, sh.~:l th~rcu~;en be due and
payable on tne due date oi the ne.t r,,~~;h:y o-,y.-.ant ar.~ 'c'~; s:c!.,ssive e~ _ e.~fr_~~ rnrr9s~ee nh~i~ ty rr,o•t;;,aer of a ch3nye in s~ch -
amu~nt. Such sums shali be sppiiad by morigay.,~ tc:.a-d ti>> c~yn er.t of rec! pro;:ert~ tarrs, ins~ranc_ p'cr.•. ~rs.J a:f e o!t;ey., gca;anty insurar,ce
premi~ms.
IN 4VITNESS WHEREOF, the satd MCRT~r~.GC2 has h:reuoto s=t h;s h3nd and s_~~! tre day ond year first a'oresa:d.
~Sig ,1ed and deii ered in pres r. of:
~ s~~
? (5eaq
- -(Seal)
~ (Seai)
~
STATE OF FLORIDA !
} SS. ~
COUNTY dF S t. Li1C~~__ I
Befwe me parsonal!y appeared _ Gf+t~Y' _ 3nd
,~,]`],,j,g.G h~s wife, to me wel~ known ar.d knorm to me tu be
ti~e individuals descrihed in and who exec~ted the foregoing instrument, and atknaw~edged before me !ha! they executed the same fcr the p~rposes
~herein ex~ressed. And the said -___~~Q~ ~
wilc of the said _ G8 Ol"$9 ~8,1 t9Z' 8 ~ vron a neparate and priva!e
examination by me taken separate ar,d eaart irom her said husband, scknowiedged to And befe~e me tnat she executed said instr~menr tr~e;y ar,d voiun-
~ar;iy and w~thout any comp~lsion, cons+raint, ap,:rehe~s on, or ar af or from her said hus7and.
WITNE55 my hand and ~fficiet seai this-_ ~ day of_`_- _ , A. D. 19~~
~ _
~ P:otary P~bl~c +n ar.d for the /S'~t t pf F~ida at Large
hi/ Corn~~~lss4on erc~i ~e5: `i,~
Not~ ~;.~~i,c, 5rate of f;arda at _yr, y
Return To: t p
9 la~r~ r`~~ ti'Y ;_On1rI1;5aOr~ F
RDED ~t;ms-r~av. i;~i5
Firzt ~ederal Savin s& loan As.o
ROI,~h~ Bo:,;:e:1 by ~imerl~~n Sure~
Of fo~t P:erce... IRi ~~.L;r~ S'Lf~,'uf.;J. Y.
Foh /lorce, Hori~a ~ts~~• / ~ ~ .
. ' :,1~.?S!/C'L~'~`''~ ~ C ~ ~ • ~ ~ ~ ~ ~l
. . ~ _ . i~~.tt_ ~ i ~ 6 s J ~ o~ w` ~p .
, v, r_ ~~t. , . ~ ; i a. ~ . ~ .
e,• ~ C' , i Cb ' ,~1~ ..~.N~.
" . ~ ~3,~r a~. ~ ' " ,~~~3i:l~ t'...r; : f~(N~: ~~.,~...L':f? " . .
r
. . ~ s~,,~~, ~ " ~T. ~UCIE COUNTY. - • .
~ , F~ORIDA
' ~ . ~U~
- - •