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HomeMy WebLinkAbout2856 And taid Merrgsgor~. for the~selve• and their he~rs, legal rep~e~enNrivef, ~ucceu~xt ~~d +sii9ns, Mr~by jointly and wv~r~lly tav~n~nt and p~~e to snd with ths ssid MOR(GAGEE, its iucceasor• and essigni: 1. To pey all •nd •inflular the printipel and i~iterest and th~ v~riovs and •~ndry sum~ of mon~y pay~bl• by virtu~ of said promiswry not~. ~nd thU mortyaqe, vach and every, p~omptly on th~ dayt respectively tha aame s~v~r~lly betort~ dw. 2. 7o pay •il ~nd •ingular the teaes. ~siessments, i~viea, liabilitiss, obliyatiom •nd ~ncwntx~ncK of wery n~tur• +nd kind ~ow o+`~ u~d d~sc*ik»d property, or thal Mre~ft~r may M impo~~d, i~ffersd, placed, I~v+~d, a awts~d ther~on, w that M?~~ft~r m~y b~ I~vi~d a au~ss~d upa? 1fib Nbr1g' a~, w!M indebt~dness ~etured he~eby, ~ach and ~very, wh~n dut and paysbl~, ~tcwdiny !o I~w, b~fors they betome d~IfnquMt, ind b~fon any InN?xt •ttatMt or sny penalry is incurred; AND INSOFAR AS ANY THEREOF IS OF RECORD THE SAME SHAII BE PkOMPiLY SATISFIED AND OISCH/1RGED OF RECORD ANO THE ORIGIhAI OfFICIAI DOCUMENT (SUCN AS, fOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACTlON PAPER OfFIC1AllY ENDORSEO OR CERTIFIED) SMAII BE PIACED IN THE HANDS Of SA10 MORTGAGEE WITHIN TEN DAYS NEXT AfTER PAYMENT, and in rh~ ~wnt tMt any th~rwf is r+o~ paid, t~t~sflsd and ditcherged se'd MORTGAGEE mey at a~y time psy the ~~me or •ny p~n thereof wifhout weiving or ~ffettiny ~ny option. ~~~n, puity or ~iqht undsr o~ by virtue of this mortgage +nd fhe full amo~nt of each and every tuch p~ym~nt shall be immediately dut a~d payabl~ and ~h~ll b~~r int~t~at From rM d~ta thereof until pa~d at rate of ~iqM per cantum per snnum ~nd toyeth~r w~th wch in»re~t •halt be setured by tha lien of th:• morqt~qs. 7. Tty p{~p w~d contlnuo~tly kNp on tM bulldinpi now or her~~ft~r utua» on ~aid land ~nd on ~11 equlpm~nt ~nd pNSOn~lly eov~t~d by Mb mwtp~ p~, wlth dl prymiurn~ 1Mr~on paid in fvll, fir~ i~wnnc~ in tM uw~l aqrdard polity form, in a wm approvtd by tM MORTGAGEE, end wl~da~wm kywM~ M+ tM wwl ~t~nderd policy form, In a tum •pp~ov~d by tM MORTGAGEE, in ~uch company w compa~i~s M iM A10RYGAGEE m+y dir~ctr ~nd ~1~ fir~ snd win~twm inwr~r+c~ pol~de~ on •ny of ~aid buitdinpa, ~ny i~t~r~st ther~in w p~~t th~r~of, In tM pqrp~ti wm ~fwtwiid or In ~xqu tf?wwf, ~hall cont~in tM usvsl ~t~ndard mortq~y~e clauw or ~uch othsr cla~s~ eM Mortq~y~~ may rpuir~, makinp th~ lou ur+dK ~+~d po1E dp, Nth an~ ~wry, psy.bl• ro s~id MORTGAGEE a• it~ intert~t may app~ar, ~nd ~sth ~nd •vsry tuch poli<y ~hall b~ prompllY ~u,yMd K+d d~~'wr~d fo ~~y F~Id by uid MORTGAGEE as further security to u~d mor*y~p~ debt, and, not lys tMn ten (10) days In adv~nc~ of tlo~ ~apir~tion of ~eth policy, ro dr livtr to wid MORTGAGEE • renewal therwf, top~th~r with a rec~ipt fur tM pnmiur.. of fuch rtnowal; •nd ther~ shali b~ no fire or wind~tam iM~rant• placed on ~ny of ~aid bulldinq~. ~ny imereit ther~in or part thsrwf, unle~a in iM form •nd wlth the lost pay~bf~ u af~resaid~ ~nt! !n tM ~wnt ~ny wm of mw+~y b~comt~ p~yebl~ und~r ~uch policy or policies said MORTGAGEE ihcll h~v~ tM optio~ to recaiv~ and apply tM a~m~ o~ ~ccau~t of tM indebtsd~ r~as Ncur~d 1»rsby or ro ptrmit said MORTGAGORS to recaiv~ •nd u~s It or any psrt thereof for other purposes, without the~eby wsivin9 or imp~ir- {np iny pvity, li~n or tiqht und~r a by virtw of ihit mwtq~y~; ~nd In th~ ev~nt ~aid MOftTGAGORS ihali fw •ny r~~son f~ll to kNp tht said pr~mis~~ w irou~ed, or f~l) to d~liv~~ promptly ~ny of aid policie~ of fniur~nc~ to ~aid MORTGAGEE, or fail promptly to pay fuliy ~ny prsmi~m tMnfw a In ~ny rNpocf f~il to p~rform, ditchrrye, ex~cute, effect, complete, tomply wit~ •nd abid~ by th+s tov~n~nt, w•ny pert hereof, ~sid MORTGAGEE m~y pl~c~ ~nd p~y fw ~uch lnsur~nc~ or any part tMreof without waiviny w effxtinp any option, lien, equity, o~ ripht urtd~r or by virtu~ of thi~ Mat9~9~, ~nd the full imount of ~ich ¦nd sv~ry ruch poyment sh~ll be imm~diats~y due and p~yablt ~n+d ah~ll bau inter~~t from th~ dN• therwf until p~id •t tM rst~ oi nir» per crntum p~r ~nnum ~nd tagether w+th ~uch interest ~hall be ~ecured by tM lin~ of thi~ martqaya. 4. To pfrmit, tommit a tuffer no w~sP~, Impairment or deterioration of taid prop~rty or •ny part thereof. 5. To p~y •11 •nd iinpular ihe coaYS, charyd and expanses, inciudiny ~ r~ason~btt attwney'f iw ~nd cosfs of abstr~cts of title, lncurred or paid ~ny tirr» by uid MORTGAGEE, because or in the event of the fsilure on tF» F~rt of tM ~~id MORYGAGOR to duly, promptly ~nd fully p~rfwm, di?chsrq~, ~x~cut~, eff~ct, canplets, comply with ar.d abide by e~ch and eve.ry ths sttpulatioru, ~yreerrwnri, cond+tion~, •nd covena~'s of aid promiawry nott and thi~ mortp~pe any or ~i!her, and ii~d costa, cheryes and expenus, eech snd avery, •h~ll b~ immedi~tely d~e and paysble; whether w not tM~• b~ notic~ dr m~nd. ~ttempt to tollstt or suit pending; md the full amount of each and every ~uch payment shall bear interes~ f~om the dat~ thereof until paid at tM r~te of nine per centum per ennum; end all said toata, charqt~ ,snd expenses intvrred or p~id, together with Yuch interest, ahali ba ~ecurwd by tM firn of thir mortppe. 6. Tiut (n) in ths ~vant af eny breeth of thi~ Mortga~e or default on the part of the MORTGAGOR, or (b) in the ~vent ~ny af uid wms of mo~y hsr~ln r~f~rr~d fo be not promptly and fully pa~d within thirty (30) dsys neat after the esme severslly b~come due •nd p~yab~~, without d~rt+~nd or notic~, or in 1M swnt eac.ti •nd rvery tM etipulstio~a, sqreements, conditions ~nd tovenant~ of u~d promiscory nota end th~~ morty~yt any ar ~i~hrr m no! ~uly, prortiptiy ~nd fully ptrformed, d~scher9ed, exec~ted, effected, completed, compfi~d with ~nd sbided Fiy, then in •ither w any wth ewM rF» ~aid s¢ prey~t~ wm mentio~ad in iaid promiuory r!ot~ then remaininy unpaid, with int~rsst ucru~d, ~nd •II monrys secursd hereby, ~MII b~tam~ dw ~nd p+Y ~61• forthwith, w thers~fter, ~t tF~ option of said MORTGAGEE, aa fully ~nd comal~tely ~s if ~II of the sai~ sums of monsy wen aiyinally stipul~ttd ro tr~ paid on such d~y, enyfhinq in sa~d promiuary note or in thlt Mortgige to tht contrrry natwithitandinq; •nd ther~upon or thererft~tr tM aption of taid MORTGAGEE, without notice or dem~nd, suii at I~w or in puity, tl~erefor~ or th~rt~Ner beyvn, may be pro?ecuted ~s if all ma+ey~ s~cur~d h~r~by h~d m~turld prior tn its institutiu~. 7. That tn ti+e eveM that st the beginning af or at ~ny time pendiny ~ny suit upon ihi• Mort~sye, or to Fo~oclop it, w to refwm it, or to enforq paymant of sny cl~ims Mreunder, soid MORTGAGEE shell spply to the Court h~viny juritdiction thtreof for the appoinfm*nt of • Rtceiv~r, such Court thsll forthwith ~ppo+nt a receiv~r of uid mortflayed property all and singul~r, irxlud~nq •1) snd ~inqul~r ih~ income, profits, iuun and rtvtnu~s frum wh~ttv~r wu?c~ d~riwd, e~th and wery of which, i1 beinq expreuly und~rstood, i~ h~teby mortq~yed u if specifically stt forth •nd d~scr9b~d in 1M pransiny •nd habrndum cl~uaes her~of, end tuch Receiver ~hsll have •1! the brwd and effactiv~ fu~ttioru ~nd powtrs in enywitie tr.trust~d by • Cov?t to • R~t.elvtr, •nd wch •ppoi~tmant thall be made by such Court at an ndmitted tquity and i m+tt~r of ~bwlvtr riyht to uid MORTGAGfE, snd withoW r~forence ro tho ~d~quacy w in~dequety of the value of the property mortqaged or to the talvtncy or i~~ofvency of said MORTGAGOR or tM defsrid~nts, and th~t tuth rtn!s, profi», incom~, iuuet and revenua~ afiall be ~pplied by tuch Iteceiver ~ccordiny tu tM lisn or equity of s~id MORTGAGEE and tM pr~die~ of such Caxt. 8. To duly, promptly and fully oe~'form, di~charge, executa, effect, mmplet~, comply with •nd abide by eetfi and ~viry tM etiF~lationx, prs~enrntt, oo~ditaru snd coven~nM in said promeuory nate ~nd this morty~q~ o~t fath. 9. Th~t in tM event t;N ownership of the mort9ayad p~cmi+es, a any p~rt ihereof, becwnas wsted En a person other tfi~R fM NIORTGAGOR, tFN MORTGAGEE, i» wcceston :nd auigns, mey, without not~ce to the MORTGAOR, deal with such succcuor qr fuccefwr in interest with ref~r~nc~ to thit mwtyaq~ ~nd the debt her~by sacu~~d in the same msnrter ai with Mortqaqor without in ~ny way vitiatinp ot~d~stMrginp tM Mo?tg~pors' Il~bility Mre~ und~r w upon the debt hereby eecured. No salf of tht premiu~ hereby +rartqsqad and no forbear~nc~ on the p~rt of th~ MORTGl+CaEE or iri wcuswn p~ ~ssi9ru ~nd no ~xt~nsion of the time for the p~yment nf the debt hertby secur~d fl~ven by the MORTGAGEE or its ~uttss?~~ o? ~ssiyns, shal) oqer~t~ b rrl~w, distlur~, modifr cheng~ or aff~ct th~ oriQinal liab+lity of th~ MORTGAGOR herein, ~ither in whole or 1n part. 10. It I~ tpecifitally pr~ad fhat time is of the sssencs of this contract and that no w~iver of ar.y obl+y~tion hereundet or of tiw obliflstbn c~• cur~d hKSby sMtl at •ny time thereafter be held to be a w~ivar of the tsrms hereof or of the instrument iec~red herby. 11. In sdditio~ to tha foreyoing monthly payments of print pal and interest rcqu~red oy the promissory note sct~red hereby, mort9s9or wwn~nh ~nd eyrep to pay to martqegse with each monthly payment ~n ~clditio~al sum estimated by mortgcgee to be equal to 1/i2 of the annual test of tM foilow- A-~All rwl property taxes tevied or essessed againtt ihe ~bove deurtbed real •state. d-Premiums on fire ~nd wi~dstorm insurance as herein required to be cerried on the improvements situate on the a5ove described pr~rnitef. C-Premium~ on such mortg~ye guaronty inaunnce ss mortqayer ~hail from time to ti;ne deem fit to tsrry on the loan wcured h~rtby. Mortq~qse ~hall from time to time nctify mortg~yor in writing of the art+ovnt due snd peysbla hereunder arrd iuch tum shatl th~+eupon b~ dve and p~y~ble an tha dw daPe of ihe next marrthly paymant ~nd QKfI fUCCQi31V6 month thereafter until mortgagee thall notify morty+yor of a chany~ in ~urh s+tiount. 5uch wms siull ba ~pplied by mOrtyapeie toward th~ payrrwrn of r~al proptrty 4azes, In~ur~nc~ premlum~, and mortyeg• quaanry Insur~ncr prsmivrtn. IN WITNESS WHEREOF, N» Nid MORTGAGOR hA~ ~~u ~ ~~y and ye~r first eforesaid. ~ of: ~ ~ ~ . . cta~'~~ o o K . - ~ ; ~ --a~~dc.~4-t,~ ~ -P ~ ~ '65 ! 5 PM 3: 46 _ ~-n . . . _ cs..n ~ . . _s f . - _ . . . ~ ~ sr~,~ ~ F~qa~~ p~;;:-' i+ n,~. S. C LE R K ~ cou~r~t 'vF' •~r~ ^L lJ C I E C D U N T Y, p.;~,.nr..~~~ Ffa~~ _ .~d : r 1 r. C$T1OZ' hii wif*, to mie vn~l knov~m ~+~d known to rt» to 6e tF~ k~d'ryi~ti d~sari~id, I7 e~d. v:ho •z~cute~ tta fwpoin~ imhum~nt, ~nd acknowl~dqed befor~ me that tMy ~x~t~d tM ~ama for tht purpw~s E~.eanoar D I.e ~fi.isln flcp~itti~- ,/M+d ?1~ _ ~ ' ' FPCd T C~ u~ . ..pa.m .~d p.tv.» ~smlrfaltah:~ty rr~, tfk~n't~fsr~te and apart from her said husb~nd, ~cknowl~dyed to and b~fon rr» that sF» sxecut~d ~aid fn~erum~r+t frNip ~nd volurr brfly and' vy?~qut'~~c~Od~#p~l~ion, tomtraint, apprsh~nsion, w te~r of w frwn h~r Hit! hvsband. ~ WITN~S m.y Fund a~d affkial ~e~l tfil. 15~h day of A. D. 19~7.~ - • Motsry P~blk in ~nd for tit~ of F{oridai ~t Lsrp~ - . . • , • • lihr Commiuion ~xpir • fteturn To: xPlfx~Aa'fed~rat Serii~s~i: Lor~ Associ~tion ~~~'~'1• ~~5~i~, Sf~t~ cf Fl,~rida at large ~ , o4,St. .ti~: Cow~ty Co;'- Expirr~, f,.<,rch 1, i969 • ~ Ft.. Pjerte.;glaide ~ Q ~y'~ ~ £ , . , . > . . o~~r ~..~L..~ ~c.:~ , ~ . ~ -