HomeMy WebLinkAbout0450 Ard ~aid Mortya9on. fa tMmsslwi ~nd rhei. hain. Ip~i hpre~ent~tiws. ~uccnwn MM ~NjQM. hK~by pintly ~nd a~w~~lly cown~nt ~nd prM
ro and with tM s~id MORYGAGEE, its ~utcNSO~~ +~d aupm:
1. To pay •11 and ~inyular ttu princip~l and int~r~st and tM wriovs ~nd sur+dry sum+ o~ nwn~Y paY~bl~ by virtw of aid p~anis+o?y noh, a~d thM
martyaye, ~sch rnd ~wry. promptly on thr d~ys rpp~ctivfly ti~e sam~ ~ewnlly M~carw dw.
2. To p~y aU ~nd ~inpulu tM r~x~s. a»assm~nti, Iwi~s. liabiliries, obliqatiom aed ~ncumbrllncu of ~wry n+tw~ ~nd kfnd now a+ s+~d dMaib~d
prop~rty, w tlut Mreaft~r m~y b~ iMpos~d, •uffe~ed. p~K~d. levi~d. a ~tNSi~d t!»twn, a th~t h~~flN may b~ levi~d or ~sMSNd vporl thls Morf~
ay~, a tlw ind~ab~rdr»ss ~~co.~d henby. ~xh and ~v~ry, wMn dLS ~nd paY~bl~, ~ccadinp ro t~w, b~foh th~y b~con» d~linqwnt, a+d b~tw~ ~ny Inf~a
~tfaches a any pen~NY is incurred; ANO INSOFAR AS ANY THEREOF IS Of RKOROi THE 5~?ME SMAII SE PROMPTIY SAT15fIEC AND DISCNARGEC OF
RECORD ANO THE ORIGINAI OFPIClAI UOCUMENT (SUCH AS, FOR tNSTANCE, THE TAX RECE1Pi OR THE SATISfACT10N PAPER OFFIt1AlLY ENOOR5E0
OR CERTIf1ED) SHAII BE PLAGED IN THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENi, and in the ~wnt tMt ~ny lherwf it not
paid, s~t~~fied and diichar9ed sa:d MORTGAGEE m~y rt any tims p~y the aarrr w any psrt tMr~of without w~iv+rq or aff~ttinq a~y oplio~, li~n. ~quity w
.iqht und~r or by vurue of thii mor~gage and the full amount of r~tF~ ~nd every wch paymeM ?hall' bt im+r»di~f~ly dw ~r~d p~y+bl~ ~nd ~luill btar inlqrs~
hom tha date thereof unt~l p~id a~ r~te of ~iqht p~~ centum ptr ~nnum ~nd toqerhtr with wch im~r~it ihall b~ wcur~d by tM li~n of th:~ rnorQtaye.
a. ro p+.b. .~d oo~n~wowh k..P on ~M bufldirpa ?aw w hK~afNr dtw» en ~afd IN+d a+,d on all ~qvlpm~m aad p«yonNFy covK~d by N+h n+ortq-
pf,, wNh dl prwr~iurns tt~no~ paid ln fufl, fin irawu+u in thr wwl u~ndard poiiry iorm, in a ~wn a~,prov+d bY tM MORTGAGEE, and windrtorm
Mrw~nw in t!M wwl stands?d polity farm, M a wm ~pprowd by th~ 1NORTGAGEE~ In wch ta?+pany w canpsnip ~ t~w A10RTGAGEE may
dinetr ~nd ~11 fir~ ~nd wirwlstorm imurana polici~s on ~ny oi satd bvildinps, ~ny le+t~t thK~tn a. p~.t tMrwf, in tl» pqrpaq wm ~foresakl or
In ~xow ~Mreof, ~hall cont~M tM wual st~ndard mwtypN clau~ or such otAa clwN a Mw MatyapM inaY rWuih, mali^o rM low w~ds' ~"d Po14
dM, wch ~F wKy, p~Y~bl~ !o ~aid MORTGAGEE u its intKe~t may ~pf»ar, ~nd ~sd+ asd ~wry wch pol'~ty ~h+ll b~ promVtly w.p^~d snd d~liwr~d ro
~ny iwld by safd MOItTGAGEE a furthar security to wid ma+qap~ d~bt, ~nd, nof liw tM~ t~n (10) d~ys In adv~ncr of thR ~xpir~tia+ of ~acfi poliry, ro d?
liw~ to wid MORTGAGEE a?entw~l tMr~of, top~tMr wltA ~ rrc~ipt fw tM pr~rnium of wch rN»w+l; ~?rd tMr~ ~MII ba no fir~ or windttam imvranc~
pl~d oe~ a~r of Nid 'o~ildlnps, any iMw~st MNr~in a part tMrwf, vnlfu In tM fam ~nd with t!» lou payabl~ i~ ~f0?~Nidl arid in tM ~w~t ~ny sum
of nwn~y Mrom~a pay~bt~ und~r such policy or polkie~ s~id MORTGAGEE ~l+all !?~w tM optior~ to r~csiw and +pply tM um~ on +ccount of tM indebted-
rnsy w~cund h~reby or to ptrmit ~aid MURTGACORS ro ret~iw and us~ lt w any patt thereof for otMr purpvses, withavt fheraby waiviny or irripsir-
IAp ~ny puity, li~n or riyht u~d~r ot by virtw of thi~ mwt~aq~; ~nd in tha fwe+t ~aid MORTCaAGORS ~hall fw ~ny nawn f~ll ro ksep tM taid pr~rt+isn w
b~wnd, w fall to deNwr promptly any of aid policit~ of fntur~nn to wid MORTGAGEE, w f~il promptly ro pay f~lly any pr~mium the~~fw a in any
nap~tt fail 1o p~rfwm, diath~rpe, ~x~cufe, ~ff~tt, tompltt~, comply with ae~d •bide by thi~ townant, or •ny p~rt h~r~uf, uid lNORTGAC~EE may pl~ta and
p~Y far wth frourux~ w~~y part tMrwf w~thout waivinq a~ ~tf~etinq ~ny opfion, lisn, ~quity, or ri~ht und~e or by virtw of thi~ MO?tyaq~. snd Th~
full ~mount of ~acfi Md wtry svcfi paym~nt ~F+all be imm~diahly dw and p~yabts ~nd ~MII baar inten~t fram tM dat~ ther~of untii paid ~t the r~t~ af
nin~ p~r cyntum pa ~nnum ~nd toyether with suc'h int~rest shall be securad by tM li~n of this er.ortqp~.
I. 1o permN, oor+~mit w ~uff~r no waste, impairer»nr a detertor~tton of ~aid prop~rty or ony p~rt tkerwf.
5. To p~y ~U ~~+d ~6+pu~M iM cwri, char~s and ~xp~ns~a, intlvdirq a reason+bl~ ~ttwney ~ fw ~nd w~ts of ~bstnct~ of tltls, incun~d or paid ~t
~ery tima by s+id MORTGAGEE, b~cau~ w in the w~nt of th~ f~ilur~ o~ tM ~.+rt of tM ~aid MORiGAGOR to duly, prampNy and fully p~rfam, di~tMryR
~x~cvt~. tffrct, compl~t~, comply wiih •nd ab~de by ~~ch ~nd w~ry the ~tipulationa, ayrMm~n», conditions, a~ ~r+~++ntt of ~aid promiuory no» and thi~
mwtqpe any w ~iTher, ~nd s~id cavrs, ch~rye~ ~nd expens~~, e~ch ~nd w~ry, ~MIf br immediat~ly dw and pay~bl~; whetMr or not tl»r• b~ notic~ dr
mar+d, atttmpt to callect or wit pind:~iq; and tM ful! amount of exh and w~ry wth p~yment thall t»~~ interest from tta dar~ th~reof until paid af the
rate of nin~ per centum per ~nnum; and alI said co~n, charQes and expenkt ir~evrr~d or p~id, toyttMr with such interpt, s}+ail b~ secured by the lien of this
6. TTwt (a) in tM ~ve~t af any bre~ch of this Morty~y~ or default on tFr~ part of th~ MORTGACrOR, or (b) in ths ~wnt ~hy of s~id tums of monay
Mrtln r~ferr~d to b~ not promptly ~nd fully psid within thirty (30) day~ next aft~r tI» ~rm~ ~er~r~lly becoms due and p~yabl~, without dfmand or notic~,
w W i~ tM ewnt e~ch arfd w~ry ths ttipulatiwu, ayr~ertMn». conditions ~~d wv~n~nn of uid prwniuory nots +nd this mortppe ~ny or ~itMr a~ not
~uiy, promptly ~nd fully ptrform~d, d~scharged, e:etuted, affected, compl~ttd, tompli~d with ~nd •bidcd by, thtn in ~ithe~ « ~ny ~ush ~verd tM s~id q~
praqal~ wm m~r+tior»d in s~id pron+iuory note than rameininy unp~id, with internt accrwd. ~nd •!I monty~ secur~d Mr~by. ~MIt b~aorrH dw a~d pay~
~hl~ farthwith, or Nxrs~ft~r, ~t ths option of t~id MORTGAGEE, ~s fully ard complr~~ly u if ~~I of iha ~aid suma of monay wer~ aiqinalty ~tip~l~t~d
to b~ p~id on such d~y, ~nythinq in asid promiuory rwt~ or in this Ahortqage to th~ contr~fy notwiTh~t~ndiny; •nd therwpon or than~h~r ~t tM» option of
~aid NIORTGAGEE, without notice or demand, ~uit ~t law or In puity, tMnfon a tMr~~ft~r bpun, m+y bs prwecut~d u if ~II mon~ys wcund h~nby
?wd rtwturad priot to iq irutitutio~.
7. That in the evsnt that at tha beplnninQ of or at •ny tims pe~din~ ~ny sutt vpon thii Mnrty~y~, or ro forx~os~ k, or to refwm lt, a to enforu
p~ym~nt of ~ny cleims hereur.dsr, ~eid MORTGAGEE shall apply to the Court haviny jurisd~ction therwf for ths ~ppo~ntment of s Reteiv~r, such CouA sh~ll
forthwith appoint ~ rsc~iv~r of uid mwtysyed property ell •nd tinqul~r, includiny ~II and sinyulsr the incom~, profi», iuu~f and r~v~nwt trom wh~t~~~r
•ourca daiwd, e~ch and ~very of which, it beiny txp~ess~y understood, ;s hereby mortgpe~ ~s if ~p~cifiully Nt forth ~nd d~wilxd in the qnntinq u+d
hab~ndum clauus Mr~of, ind iucl~ Reuiver eh~ll 1?yvs •II the brwd +nd effecrive funtt~on~ ~nd powrrs in anywist e~t~wt~d by ~ Covrt to • R~trivtr, •nd
such ~ppointm~nt ~hall bs msd~ by suth Court as en sdmitted aquity •nd • rt+ettK of sbwl~t~ riqht fo Mid MORTGAGEE. ~r+d without ref~re~u to tM
~dsquacy w Inadeqv~cy of tha valw of the propsrty mo.tqaysd or to ths wN~ncy or inwlv~rxy of ~aid MORTGAGOR w the dsf~ndints, sni th~t ~uch
• r~nta, profib, incortw, iasws and rw~nws sh~ll b~ appli~d by such R~ctivtr atcord~ny to th~ lien ot ~qvity of uid MORTGAGEE and tM prutiu of ~uch
Couirt. •
8. 7o duty, promptly •nd f~lly perform, diuharqe, exxut~, ~ffect, complet~, tomply with and sbid~ by esch ~nd w~ry tF~e stipul~tioru, syrNm~nts,
condltions ~nd oov~nsnts in uid promissory note ~nd rhis morfy+ge a~t fath.
9. Th~t in H+s event tM owr+enhip af the moriyap~d pnm~es, w•ny part tharwf, becanes vsrted in a p~non oth~r than t!~r MORTGAGOR, the
/MORTGAGEE, f» a~ccessors ~nd ~siiym, may, without notic~ to tM MORTGAOR, desi with ~uch tucceuor w~uccesaw in iniare~t with r~frrante to thi~
mortyap~ !~d tM debl hereby secund in the tsme m~nntr a with hbrt9~yw without in any way visiati~q w~diuharyinQ th~ 1Mortq~qon' liability Mrr
undrr a ~pon tM debt hs+~by Mcvred. No yale of tM ptemiset her~by moAy~~ad and no forb~eranu on tFu p~rt of tt+~ MORTGAGEE w ih wtc~fw~t
cK utipru ~nd ra ext~nsion of tM time fa the paymenr of rh• debt hereby tacund yiv~n by tFw MORTGAGEE or its wcuswrt or aulyns, shall opKa»
1p n1ew, discMtq~, modify th~np~ w~ffsct th~ oripinal liability of tM MORTGAGOR Mr~in, ~ither in whol~ a In part.
10. It b ap~c~ficallv ~qr~ed shat time 4 of tM ~ssents of this contr~ct snd thst no w~~wr of sny obliqatPOr~ I+~rwnder or of tM obliyation s~•
cur~d lf~nbr ~11 ef any time thtreafix b~ held to be ~ waivK of tiN tsrms h~rwf o~ af the instrume~t ucursd h~rby.
11. In ~ddition to ths forepoing mor+thly p~ymenh of princ pel ~nd interest required by the prom~ssory note ~ecured herrrby, maly~qor coven~nb
~nd praa to pay ro mortgsyes with each monthly payment an additiona~l sum Ktimsted by mort~ogee to ba equal to 1/12 of the ~nnu~l cost of the ffl~low-
~^G~
A-All rNl prop~rty toxet ~wied a aasessed ayaintt the sbove desc?ibed re~l estate.
6-Premiurm on fire and winditorm insuranu h~rein reqvirsd to be carried on ths improvemsnts situete on tM ~bove desvibai pr~mises.
C-Premlum~ o~ ~uch mort~~qe ~uarenty inwranc~ as morty+qe~ sh~ll from tirre~ to time daem fit ro carry on the Iwn iec~red i+tr~by.
N6ort9~gee ~hall from time to time natify mwtyayor in writinp of tM amount due and paysble hereunde~ and ~uch ~um thsll thcreupon b~ dw and
p~y~bl~ on tfie dw det~ of th~ next monthty payment •nd each ~ucce~siv~ manth thereaher vntil mortyspq shell rtotify m!orty~qor of a ch~nq~e ih wch
amount. Svch sum~ sMll br app{ied by mortpeyN tow~rd tM p~ym~nt of r~al property ts:~~, Inwrancs prom;vrm, ~nd mortp+~y~ ywr~rtty insur~nce
pr~+nlu~m.
IN WITNE55 WHEREOF, the ~aid MORTGRGOR h~s Mr~unro wt his Mnd and se~l the day ~nd y~~r fint sfaresaid.
iqMd. 5~ !~d and d~lNN in tM pru of:
n
~ ~i~A ~Mp R€CORDED ~ ~ .n
~E, ~00K r~ ~;,7-,---.~~
~ • ~y
C ~r-~-c • ~ .
, 3't1~TE OF FtORIDA ~U~ 2 4 I I t J . ~„~1. ••~'J , ,
6ourmroF ~3~~±.-Li~cie } ~.v~of~?t 'q~ = ~ ~ . . ~ -
e.~. ~..a,.nY .~....d - Isa~ah Lucas : o . j : .
~ - , ~ ~ :7. . ~ i ~ t ' ' ~ '
. his wff~, to rn~ w~ll~ k~wn ~ ib~yvl[`fo.ti+» ta b~
th~ k~dividwb d~tcribod In ~nd wfio ~x~cvtsd th~,fo~~ • b~fon ms that tMy ~ucWad.'tlw saiA.t~ td's !lnpo°M
IMnMt ~xprtserd. A»d tfit sald '~e 1~.^. . L• :
arifs d tl» u!d I s ai ah Luc a s - ~,VW, ~ Mpirit• .nd p.tva+.
~xamin~tfo~ by rnd t~k~n wpar~t~ and apaR from Mr iald hvabir+d. ~dcnowldped to •nd befw~ rr» that ~ht sxecW~d ~aid ffitt?yrnent trNly ~nd volvrr
l~rily ~nd rilMovf,'ny comp~i~iori, cw+~traint, apprsF»n~ion, a fe~r of o~ from Mr ~atd huabrnd.
.'fjy h+~d ae+d offieial ssal tfii~ 2ot,~ d~y of ~T'a~~I , A. p. 19~
.ti~pY~
1~ T? f Not~ry Pvbllc in s~nd fw tiw St~h of f ida at Largr
: .ti, ~ . • My Commtabo~ ~nplr~u
. . ~ p~wT+ ~ ~bt
NOTARY PU@{IC y7ATE o( FLDRIDA ~t LARSE
_.~~'~'l~~~!'~~' ~OM1 ~"Oii~1O" j'~ MY CBMMtSSION EXPIRES MAR. Y9, iys)
y~ ~ w•.~ ~LQf1 ~Ir~ ~~V ~ON~~O Y`.AO/IOM III[b W. G+[/T[lNOR1T
Cr , ~ ' • ' ' P1. ~fG~~ F~AI~~ ~ .