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HomeMy WebLinkAbout0454 i_ - - _ ~ • , ~ To plao~ ane! ow~tteuousiy k„p on tM bulldinp~ now w h~rNh.? ~ih+ah an ratd land u+d on di ~quipmN+t u~d pK~oi++lly cov~r~d by tkl~ Morq~ ~p~, wiM ~11 pr~mtwn~ tM~wn p~id 4+ fvll, fin k+w~~r?c~ in tM vsual ita+dard policy fwm, M+ • wn+ ~pprowd b~r tM MORTGAGEE, ~~d wind~tan+ ~ NwKance 4+ th~ uawf ~t~.d pdicy fam. fn ~ wm app~ov~d by rM MORTGAGEE. le wch compa~Y or ow~Wr?S~s a tM MORTGAGEE n++y i dbctt and NI fM~ u?d wind~tum Mwr~na polki~~ on any of ~atd build~nqt„ any MNr~t . IN1 Qf PiH 1INfWf, In +M apqr~q~t~ tum ~4a~id o~ ' h~saw th~r~of, shall conain tM wwl u~ndxd mony+p~~ elws~ o~ wcA od+N cisva n tM MwtypM m~y r~qu~n, m+kinp thf ~oa+ und~r a+.d Pa1F dp, ~ath •nd ~wrr, paY.bi+ to uW MORTGAGEE at in iMKpt may ~ppM?. ~nd H~ch a~d ~vKy s~th poGty ~ha11 b~ prompNy as~:pn~d ~+d dffivertd ro .nr M1d by wed MORtG~GfE a. fur~M. s.eu~iW fo wa mono.~. drbt, ~nd, not 1~ rh+n t~n (10) d~ys le+ ~dv~na of tl+~ ~Ypi++tion of ~ufi poliey, to dr (iw~ to ~aid A4~RTGAGEE ~ r~w~l thehof, top~tMr with • nuipt fw tM premium of tuch r~Mw~l~ ~nd th~r~ ~hall b~ no fir~ w wind~tor~n i+uur~nc~ ~ pl~csd o~ ~ny of wid buiWlnp~, any Intar~t tMr~in w psrt thsrwof, ~nku in tlw~ fwm ~nd with ttw Iws p+~yabb ~s ~fa~seid: +nd in thQ ~wnt ~ny sum ~ of nwn~y becoma pay~bl~ undK such poHcy a polici~s taid MORTCrAGEE ~hall Mw tM option to rsceiw ~nd ~pply tM t~me on ~ccount of tM indebted rns~ ~tcured FtNeby w 1o p~?mit said N10RTGAGORS to reteive ~nd us~ it w•ny part thereof fa othcr purpo~e~, withovt tha~eb~ waivi~ig ar impair• Inp ~ny puity, Ii~n w rtqht undar w by virtw of ~hi~ mortp~g~j ~~d in tt?~ ~vent said MORIGAGORS thatl for ~ny r~aaon (ail to t*ep tM s+id pr~mi~~~ w ; Insur~d, w f~i) b tklivar promptly ~ey of wid policirs of inwr~nc~ to uid MORiGAGEE, w fail promptly to p~y fully any premium thenfor a In any ~ nsp~ct iai) fo pK(am, di~ch~ry~, ~xecuta, ~ffect, complete, comply with and abide by this mvenant, or ~ny p~r1 h~reof, i~id MORTGAGEE m~y place •nd j p~y fa wch inwr.nce w~ny pan th~reof wfthovt waivinq a~ffsninq ~ny opti~+, tt•n, ~quity, or ripht unda~ ar by virtw of rhi• Mor~qaq~, a~xl tM ful! amoun~ of ~ach ~nd ~wry ~uch peyment iMll be imm~diat~ly dw and pqy+bl~ and she11 bear int~rssi from tM dats tfia~eof until paid at tF+~ rat~ ol nir+~ prt antum p~r annum ind tagether with such interest shalt be sec~red by t!» litn of this mortqaq~. j ' 4. To p~rmlt, commlt or suff~r no wast~, impairme~t or deteriaation of ~~id property w a~y p+rf fMr~of. ~ 5. To p~y all and dnpulu tM coari, char9es and ezpentes, includiny s reasonabls attorney'~ fee and costt of ~bttt~cts of titl~, Inturr~d o? paid at ~ny tima hy iaid MORTGAGEE, bec+uss or in tM avent of the failu~e on tMo part of the ~aid MORTGAGOR to duly, promptly a~+d fully perfwm, d~achary~, S ~xstvt~, eff~ct, complete, comply with and abide by •ach a~d every the stipulationa, agreements, co~ditions, ~nd cov~nants of s~id promissory r+ot~ snt! thi~ ~ mortysye any w aithar, and iaid costa, cMrgh and expenses, each and every, ~MII b~ immediately dw ~nd pay~bl~; whetl?er a ~ot tMr• b~ notite da ' mand, ~ttampt to collett or suit psndiny; and the full amount of tach and every such paymsnt shalt bear intersst from Ih~ dat~ iMreof until paid ~t tht ~ rate of nirn per tentum per am~um; snd all taid costa, charges snd e:penu~ i~curred or paid, togeth~r with ~uth inltrtat, ?hall b~ ~scured by tM li~n of thi~ mort9+We• ~ 6. Th~t in tM ~vent of any br~ath of this MoHyaqa or default o~ the pert of the MORTGAGOR, or (b) in ths ~wnt ~ny of ~id 1um~ of moe~ty ; Mroin nfmr~d to be ~ot promptly and fully p~id within thirty (30) days nszt after the ~am~ sevenlly become dw ar+d p+yable, without demand or r+otice, ~ or {tJ In tha ewnt each snd tvery iM sfipulations, ~~raamenri, canditi4ns and covenann of sa~d promissory rwta er~d th~s mortqap~ any w sither ar~ nol ~uly, prompt!y and fully p~rfwmed, d~sch~rged, •xecutsd, effected, completed, complied with •nd abided by, then i~ ei~her a any tuch ev~nt tt?~ said p~ preqat~ sum mentiontd in s~id promissory nole then remai~iny unpaid, with imereu ~ccrved, •nd •II monsyt secursd hereby, yh~tl become du~ •nd pay~ i sbl~ forthwirh, w tMra~fter, at th~ option of taid MORTGAGEE, ~a fully ~~d complet~ly as if ~II of the wid ~vms of money wer~ oripin~lly ~tipulated i ro be paid on suth day, snythinp in said promiaory note ot In this Mortyiqe to the cunrrsry notwiehftan~lirrp; snd theieupon w thereafter a1 the option of ~yid MQR?GAGEE, without notite or demar~d, suit at lew w in equity, therefore w thareafler bep~n, may M prosecute~ ~i if ~11 monay~ ~ecur~d hsreby h~d mawred pna ro in Institutan. , 7. TMt in if» evant that ~t th~ btginning of or at any time psndinq any ~uit upon thi~ Mortps~, or to faecloa it, or to reform it, or ta ~nforq payrnre+t nf ~ny claim~ Mrturtder, said MORTGAGEE ~haU apply to the Coun havinp jurifdiction thertoi for the ~ppointment nf a Receivar, ~uch Covrt ~hall forthwith ~ppoint a ~~ceiver of ~aid mortgiged property all ~nd iinq~la?, lnclud~np all •nd ~ingular the income, proFits, issues and ravenws from whet~ver wures derived, sath and ~very of which, it beir~y ezp;essly ~nderstood, i~ hereby enortgaged aa if aptcifically ~at forlh and de~cribed in ihe yrsntiny and h~berulum cl~usti heraof, ~~d iuch Recaiver shall have ~II the hroad and effetrive functions snd powers in anywi~e ~ntrutted by a Court to ~ Reteiver, and such sppointment shall be m~de by such Caurt as rn admined equity and ~ matfcr of ebeo~ute riqht to uid MORTGAGEE, and without refererue to tf» •dequuy or inadeq~aty of tfie v~lv~ of tha property mortgaged or to the wlventy or insolvency oi uid MORTGAGOR a ihe defendants, and thet such rents, profiri, income, iuues ~nd r~venues thall be epplied by tuch Receiver accordinfl to th~ lian a equity o( iaid MORTGAGEE and tha prectia of such Court. 8. To duly, prort,ptly and fvlly p~rform, dis~harge, execute, effect, cnrnplete, comply with •nd abide by e~ch •nd ~v~ry ths stipulatiau, sqreementt, tonditions ~nd coven~nts in ~a~d promiisory note and ihis mortgsge set forth. j 9. That in the event the ownQrship of the mortgage~ prcmises, or any part thereof, becomet vested In a perwn other th~n the MORTGAGOR, the ~ MORTGAGEE, its successws and asaigns, may, without notic~ to the MORTGAOR, dcsl with such •ucceasw w successor in i~tere~t with reference to thi~ mortgage +~d the debt hereby ~ecured in the ~ame manner ai with Mortgagor without in eny way vitiating or dixharging the Mortgagon' liability Mrer~ under a upo~ the debt hereby secured. No sale of the premises hereby mortgayed and no forbearance on ths part oi ~he MORTGAGEE or its •uccesson or a:signs and no extension of the time for the payment of !he debt hercEy tetured givan by the MORTGAGEE or ita tuttes~w• w auigns, shell opsrat~ to releese, dlscharfle, modify change or sffed the original liab~lity of the MORTGRGOR herein, either in whole or in part. . 10. It is speufically aqreed that time is of the essence of this contract and that no weiver of any obtigation he?eunder or of the obltyation as- Cured hereby sh~il at any time thereafter be held to be a waiver of the terms hereof o? of the instrument utured herby. 11. In edd~tion to the forega~g momhly payments of princ"pal and interest required by the promi,sory note secured hereby, mortgagor covenanta and agrees to pay to mortgaqee wirh each mon~hly payment an add;~ional ~um est~mafed by mortgagee to be equal to 1/12 of the annual tns? of the fotlaw- ~ ing: i . . j A-All real properry taxes levied or assessed against the above described real eatate. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carritd on the improvemenri situate on the sbove described premites. ~ C-Premiums on such mortgage guaranty insuror~ce as mortgagee sha~l from time !o time deem fiY•to terry on the •loan ticcvred hereby. 1 , Mortgagee shall from time to time notify mortgagor in wtiting of the amount due and payable hereunde~ ~~d cuch ~um ~hall thereupon be due snd pay+ble on the due date of tha next monthly payment and eath success:ve month thereafter un!il mortgagee shall notify mortgagor of a thange tn such ~ ~mount. Such ium~ shal! be appliad by mortgagee toward the paymcnt of real property taxes, +nsurence prem;ums, snd mortgage quaranty insurence ~ premiums. i WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and teal the day and year firat af~oresaid. ~ iyned, eled d de vercd in the prctente of: ~ ! ' •n .r~ { ~ ~5sal) f ~ (Seaq ~ STATE OF FLORIDA - • ~ courm oF S~n~ Luaie ~ . . - , ; e.f,,. ~„~,,,y .Q~.,,~a A. L. Rodgera ,~a ~ A111e~.~a Rodger~t hir wifo, to m~ w~ll know~ snd known to m+ to b~ I. tfi~ Ind~vidwls desc~ibed in ~nd who ~xecutrd ths fw~yoinp lnstrunnnt, ~nd ~cknowledy~d b~for~ ms tFwt they ~xxuted th~ wrt» fw the purpwes Marein axpreued. And th~ said All191~8 ~odRera wif~ of tM e+id A. L¦ R OdFy~2' S vpon • tep~raN ~nd privats ~ ez~min~tion by rrN t~ken ~epsret~ ~nd epart from her seid husband, acknowledged to and b~fort me that sha sxetuted iaid insttumt~t fraely ~nd volurr + Nrily ~nd witha~t •ny compul~ion, conttraint, spprehernion, or fear of w from her uid husband. 28a~.. 1 6 ~ WITNE55 my h~nd end offici~l ~eel this , day of ~*.~S'',~9 . ~ ~ Y " ~~J~, . € ~ ~ otary Public ir ~nd for the Sti}{DF~ Iprid• rt~{a~p~ ~ My Gommis i • 'ra~: ~ - 7 : . ~ Retum To: . ~ E ~ ' ~ ~~~j~ ' • • Flnt F~r~l S~vins~ 3 Loan Aawciation ~A p~jg~ ~ t~ • ' _ Of fort P~ercr. 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