HomeMy WebLinkAbout2754 3. To placa end continuously keep on thc bui!dings now or hereafter •ituete on eeid lend and on ell tGuipment and penonally toveri;~ by this mortg-
~ge, w~~h ell premiums thereon pe:d ~n f~ll, fire ins~rance in Iha ~sua{ 3iondard poiicy ionn, in ? sum approved by the MORIG.AGEE, and winditerm
inivran.e in the usual stendard pol:cy form, in a sum approved by the MORTGAGEE, in s~ch tempany or tompanies as the MORTGAGEE may
direct; and ell fire and windsturm inwrance poGrrs on any of aaid bu~ld~ngs, eny intarest thcrei~ o: part tharaof, in the egyrega~e aum afaresaid or
In excesi thereof, shaU ,ontain the usual standard mortgagee claufe or such other cla~se aa the Martgagte ~nay req~~re, maMing rhe ioss under aa~d poli-
cief, each end every, payable to said MORTGAGEE as ih intarest may app-ar, and each and every suih p~~.c~ ~hall be pron,ptly ass gnrd and defivered to
ar.y held by sa~d h10RIGAGEE as further eewrity ro eai~ mortgage debr, and, not less than ten (10) daya in advance of fhe expi~ation of eech poGcy, to de-
liver ro said h10RTGAGEE a renewal the:eoF, together wirh a receipt fur the prem;um of such renewa!; ar~d ihere shall ba no f~re or w~njsro~m insurante
placed an any of said b~ildings, any interest therein or part thereof, unless in tht form an~ wi~h the ioss payabie as aforesa~d; and in the event any s~m
of money becomee payabte under wch policy or poGcies said MORTGAGEE shall have the opt~on ro receive and app!y thz sa:ne on accou:+t of the i~idabtrd-
ness secured he~eby or to perm~t ~a~d MdRTGAGORS to reteive and usa it or any part iher,~of toi otner purpcsrs, v.nho~:t tii_~~ur w~i.i,~3 or ~~np.~ir-
ing any equ~ty, lien or r~gh1 under or by virtue of this mo:tgage; and in the event iaid MORTGAGORS shali for any reason foil to kee~? the said prem~ses so
insured, or fail to tSeliver promptiy any of said poGcies of insuran~e to said MORTGAGEE, or fail prom.ptiy to pay fulty any pre~ni~m thcrefor or in any
re•pect fail ro per(orm, dhcharge, e,cewte, effec~, compleio, comply with and abide by thls covrnam, c~ any pan hereof, sa~d h'~GRTGAGEE may plece a~~d
pay for such inaurance or eny pert ihereof without waiving or affectin~ any option, lien, eq~~fy, or r:5ht under or by v~rrue ot this Mortgage, and the
f~!I amo~nt of each and every such payment ahai~ be immediately due and payable and shall bear i~terest from the dare therrof untVl paid a~ the rate ol
nine per c~ntu~n per annu~n a~~d together with such in?rrest shaii be sewred by thr lien of this mortgage.
d. To permiv, commit or suffar no waste, impairment or deterioratien of said property cr any part thereof.
5. io pay all r.nd singular the costs, charges and expenses, induding a reesonabie atromry's fee and costs of absrracts of title, inc~rred or paid at
en~ t~m~~ by said ~ti10RTGAGEE, because or in the evem of the failure on Il~e pert of the said h10RTGAGOR ro d~ly, prorr,prly and f~ily perform, d~scharge.
exec~re, e(frU, complete, camply w~th and ab:de by each and every the st(puiar~ons, agreen,enrs, condl~ions, and covenanrs ef aaid prom~ssory note and ~hls
mortgage any or e~ther, and sa d cosls, charge~ ar,d expenses, each and every, shall be imme~~~te!y due and payable; whcther or not the~e be notice dr
mand, attempt fo co:lect or suit pendmg; and the full emount of each and every such payrr;eM ;ha!1 b•~a~ in!erest irom the date thereof ~ntil paid al the
rate oj nine per centu~r. per an~iu:n; and ali said costs, chaiges and expenses inturred or paid, togcther w~th such interest, shall be secured by the liPn ot th~~
mortc~age.
6. That (a) in the event of any breach of thia Mortgage or defaulr on tFr. part of rhe hSCRTGAGCR, or {b) in the event any oi sa~d sums of mcr,ey
herein referred ~o be not promptly and tuliy paid within th;rty ~30i days next aftcr the same se•.cra!ly be.ome d~e and payable, w~thout demand or netice.
o! (c) ~n thz even; each and every the stipuSations, agreements, cond~tiors and covenanq of sa,d promissory note ano th~s morigage any or either are nol
~uly, prorr,otly and f~ily performed, d scharged, executzd, effected, completed, complied w~th and ab~ded hy, then in either or any such event the sa~d ag~
y.egate sum mem~oned in sa~d promissory nete then remaining unpa~d, with inrerest accr~rd, znd a,! moni•y3 sec~red hereby, shall become due end pay-
eble forthw~tfi, or the~eafter, at the option of said h10RTGAGEE, as fully and completely as if all of the said sums of money were or~ginally at~pulated
ro be pa:d on wch d:,y, anything in sa d prom~ssory note or in this Mortgage to the conrrary no~wifhstand~ng; and thereupon o~ thrreafter at the option of
sa:d P~10RTGAGEE, wirho~! norice or demand, suit at law or in equity, th?refo~e or thereafter oegun, may be prosewted as if all moneys secured hereby
r.ad marvred pr~or to ns inst~t~ton.
7. That in ihe event tha! at the beginning of or at any time pending any su t upon th~s Mortgage, or to f~retlose it, or to reform it, or to enforce
poyment of any cis~ms h~revndcr, said MORTGAGEE shall apply to the Court having j~risd.c~:on tt~creef for the appointment of a Receiver, wch Court shall
fcrthv:irh appo~nt a recei•:er of said mortgaged preperty all and singular, inuud~ng all a~:d sinyular the ir.come, prof~!s, issues and reven~~s from whatevet
scv•ce der~.z7, e;ch and e.~ery of wh:ch, i+ being exp~essly un~ers~ood, is hereby morrga,ed as ~f spec:fica!ly set iorth and descrfbed in the granr;ng and
habe~~dum c:a.,ses hereo`, ar.d svch Receiver shall have all the broad and effective funct.ur.s ard powers i~~ anywise enn~sred by a Cou~t to a Receiver, and
s.<h ac;:o~n'ment shali be ~nade by such Court as an admitted equity and a melter of abaolute r!yM ro sa~d N~ORTGAGEE, and wi!hou~ referente to the
ada.~u~cy or ina~'~q„acy of the vaiue of the property mortgaged or to the so:vzncy or inso ~e.^.r~ cf said MORiGAGOR or the de(endants, a~d that such
reors, profits, incrnne, issues and revenues shall be apptled by such Receiver accord:ng to the iien or eq~ity ot said MORTGAGEE and the practice of wch
Court.
8. To d~!y, prompt;y and fuily perform, discharge, execute, effect, ccmpiete, comply w~th and abide by each and every the stipulations, agreements,
cond~tbns and covenams m sa:d promisso-y nvte and th~s me~tgage set forth.
9. Thar in .the event thc ownersh~p of tha mortgaged premises, or any part thereof, becomes vested in e person othtr than the MORTGAGOR, ihe
M.ORTGAGEc, irs successors ard asslyns, may, without nctice to thP NIORTGApR, deal with s~ch wccessor or s~ccessor in ir.terest with reference to th~s
~.,o-tgage and the d_~i~t hereby sec~•ed in the same manner as with ir~ortgagor without in any v.ay vit:atir,g or d~scharging the Mertgjgors' liabii~ty here-
undcr or upcn th~ debt hereby secured. No sa'e of tt~e p~em~ses ii~ieby mortgaged ar.d ne forbearance en thz par~ of the MORTGAGEc er ite sutcessors
or ass~g~s and r.o exrers~on of th~ !i:,~e for !he paymert of the drbi h^reby secvre:i given by the MORTGAGEE or It: successors or asrgns, ~1~~ail operate
ro rziease, d.scharge, n-odify change or zfiect the oriy~na; liaulfity of the MORTGAGOR hereln, ei!her in whole or in part.
10. It is spcc~fical{y agreed rhat time is oi the essence of this contract a.^.d tfiat no wriver nf any obf:gat~on hereunder or of the obligation se-
cured hereby sha!i at any time ehereafter be heid to br a v.~aiver of the terms here:~f or of the Instr~rnent sec~~ed herby.
t l. In ;i ~!!c ~!o rh_ forego ng rmonth'y F3YmCntS ot princ pal and intarest req~~red b f. the pro~n'sscry nCe s,_c~red hercb~, mortgaqor covenants
3~~d agr~~~s ro pay to n:orrgagee with each month'y payr.~:ern an add:rional s~m est:~~ated by n;ortgjgee to Le equa! to 1; 12 of t;;e annvai cost of the foliow-
im.~:
A-A'I reai e!cpc-ty ta,c.s iev~_d or a:sessed ag~~•~st ~h_ above descr~bed rea! esrare.
B- Pr~n~~u on f:re ar,d wir,dsro~m insu: arce as i:erein requ~red to be tarrie~ on ihe im^~ove~ne tts situate on the a6eve d^sc~ibed premises.
C-Pie:niv-~ s on s.,cn n-crr~;;;e guaranty insvca• ce as rno~tgagee shall fro~n r me to r,~^.~ dcern fit to carry on the lozn setured hereby.
`r.o~tgagee s~:s .'rcm t:•n~ to t~me notif~ mcrry_gor in v.vitirg Of the aTo~~t ~~e and pa~ab!e hercunder and s~cii s~^.: sh~il there~pon be d~e and
;.;~b!~ on ~6_ d_: d:;~_ of rn~ next n,enthl~ payment and e~ch svccess~ve monih riereaf~~~ u-ti' mortg3gee shaii not:fy morrc;agur ef a change in sucn
a ounr. S~ch s:;~ns sha.i bc acp:;ad by mortga~ee tow~rd rhe pa~m?nt of real property taxes, insvrance prem,u:a~s, o:~d rrortgage guaranty inr~rance
p~e,..:urs.
i'J 1'/ITNESS `.'.'H:R~OF, tne sai~ MCRTGAGOR has hereunto set his hand and seai th: day and year first afot2said.
S:qned, Sea d and del' red in preseqce of: ~r ~
, ~ . i / ' t:
o .--d, t
A . (Seai}
..C~ ~ _ ~(Seel)
- - --(Seal)
- _ - {Seel)
SiATE O~ FIORIDA ~
Sa :.nt Luci e
couvrr o~ _ _ 1
Before me personaily appeared _ ~+h$I'~-PS M• Ph$Y-'2'-~ _ and
Elizabeth M. Pharr - h~s wile, to me weil knovm and known 10 me to be
the indrviduais descrik;ed in and •,r.ho exewted the foregoing instrument, and acknowledged before me that they exe.uted the same fcr the purposcs
rherein expressed. And the •zid Elizabeth M. Pharr
~n iie of th~e sa~~ CharZe s M~ Phe.rr ___i_ upo.^. a,>paratz and privata
e,am~nat!on by me saken separste and apart from her sa~d hus and, acknowledg~d to and before me that she exec~ted said instrumrnt free!y and ~olun-
ie•~ly and w~ihout ary compulsion, cor.s~raint, apprenena on,~fear of or from her sa~d hushand.
Y!!TNE55 my hand ar,d officisl seal th~s___ ~3 day of Jul~ , A. D. 19~~_
~ _.yr~ ~~~~-S~_~~-~_~~.---~.,_ _
• Notary Public in and for thc State of Florida at large
~ ~ My Commissicn expires:
Return to: Aa:~ry au~ c, Stai~ oi Florida ~t Large
f;rst federa! Savinga 6 toan Assoc~aron FILE~'~(~}~ •y
} My ~orr~ra ss on Exr ree ~~:pv. 3, 1905
OE FeA Pr~rce. ~ - t~~~B 0~ K Bonded o ArAer;ca-~ ~-e;~ t
Fq7 F'ierce. Ffotida Y ~ 0 Of r~• y/,
~ ..`..7~~c?C~1G/ .
. r, ~s5 JE~! I 3 P1~ 3 : I ~ . ~ ~
~ i~~aF _ ~`';.";'f~
, L~~ ROGci~ F'~~~ ~~~,a5 C~ERK _ , ; , _ -
• ~ . , : 'z- S7. LUCIE COUNTY, - r ~
F~ORiDA ; ~4 ~
,'`,Cnf`,'JR~ • _3.~.
D ~ 'Y ~ WF~av ~ , , ~
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