HomeMy WebLinkAbout2030 3. To plac~ and cc ,tlnvo~fiy keep on the bui'dinys now or Mrsafter ~i~vste on said land and on sll equipment end peno~slly cova~d by thia mwtg-
p~, with ~1) pramiums thereon pa~d in full, fire ins~rer.ce in the usual ~ran.iord policy fprm, in a tum approved by the MORiGAGEE, end windstorm
int~rancs in the usu~~ at~ndard po~~cy form, in ~ sum approved by the MORTGAGEE, in tuch tompany nr tompanias as the MORTGAGEE msy
dir~ch •rt8 •II fir• and w~ndatorm insurance policieY on ~ny of taid build~nqs, any inter~nt therein or part thereof, in the aggregate sum afweuid or
in ~~tru theraof, shall contain ths usual ~tandard morigagsn clauc~ !uch othtr s~ause ~s tha Mortg~ges may requ~rc, mskiny the loss under sa~d pol~
ci~a, ~ach and ~vsry, payable to said MORTGAGEE as its interest m~y appear, ~nd each and every such policy shall be promptly ass 9ned end dNivered io
~ny held by s~id MORIGAGEE a~ further fecurity ta ~a:d mortgage debt, and, not less then ten (10) days in advance of the exp~ration of each policy, to dr
liwr ro uid MORTGAGEE a tenewal thereof, logeth~r wi•h a receipt for the premium o{ ,uch ~enewal; and there shall be no fire or windsro~r~~ iniurance
pl~t~d on ~ny of said buiidinys, any interest therein or pert thereof, unless in tM form ~nd with tha lass payable as aforesaid; and in tha evcnt any iurn
of marhy becornet p~yabfe urder such policy or pol~cie3 said MORTGAGEE ~fiall have the optio~ to receive and apply the same on accouro oi the indebted-
ness s~cured hsraby or to permit aa%d MORTGAGORS to receiva and use it or any purt thereof for othrr purF~efes, .v~iho~~ th~~~or wa~v~n~ or ~~,:po~•-
inq ~ny eqvity, lien w right under or by virtue of thi~ mortgaqe; and in the •vent ~~id MORTGAGORS shall for sny reason fail to keep Ihe faid premi~e~ so
insured, w fail to deliver promptly any of said policies of insuranca to uid MORTGAGEE, or tail promptly to pay fully any prem~um therefor ar in any
rppect fail ro perfwm, discharg~, taecute, effect, complete, comply wi~h bnd abid~ by this covenam, or eny part hareof, said MORTGAGEE may place a~~d
pay fw such insurantt or •ny part thereof without waiving or effecting any option, lian, equity, or right under or by virtu~ of this Mongage, and the
full amount of e+ch ~nd every such payment shal( be immediately dvt and peyable and •ha11 bear interest from the date thereof until paid at the rate of
nine per centum par snnum and togerher with such interest shall be ~ecured by the lien of this mortqage.
1. To permit, commit q suffrr no waste, impairment or deterioration o` said proF.erty or any part thereof.
5. To pay al! and sinqular the coats, charget and expans-s, including a reasonable sttorney's fee nnd costs of abstracts of title, incurred or paid at
sny time bv ~aid MORTGAGEE, because w in rhe event of the failura on the pan of Ihe sa~d htiORTGAGOR to duly, promptly and f~lly perform, d~su~arge,
execvte, eflect, complete, mmply with nnd abide by each and every the stipulations, agreements, conditions, and covenants of sa~d promissory note and this
mortflaqe +ny o? eirher, end uid costs, charges and expenses, each and every, shall be immadiately due and payable; whether or not rhere be notice dr
mand, attempt to collect or suit pending; end the iuU amount of eech and every such paymem shall bear interest from the date thereot unrii paid at the
rate of nine per centvm per annum; and all said costs, chargee and expensee incurred or paid, together w~th wch interest, shal) ba sewred by the lien of thii
mwtyeqa.
6. i}+at (a) in the event of a~y breach of this Martgage or default on the part of the MORTGAGOk, or (b) i~ the ovent eny of sald sums of money
herein referred to be not promptly and fully paid within thirty (30; days ~ext after the 3ame seve~ally become due and payable, without demand or notice,
or (c) in the event each and every the atipulations, agreementy, conditions and covenants of sa;d piomiss4ry note and th~s mortgage eny or either are nof
~uly, promprly end fully pertormed, d~scharped, executed, effected, completed, complied with end abided by, then in elther or any such event the •a~d ag~
pregate aum mrntionrd in said promissory note then remaining unpaid, with interesi attrued, and all moneys secured hereby, shall become due and pey
able forthwith, or rhereafter, at the option of said MORSGAGEE, as fully and completely as if al! of the said sums of money were or~ginal~y sttp~lated
to br pa~d on suth day, anything in sald promissory note or in this Mortgage to the contrary notwithstanding; and thereupun or thereafter at the option of
said MORTGAGEE, w~thout notice ar demand, suit at law or in equity, thereiore or thereatter begun, may be prosetuted as if sll moneys secured hereby
nad matured pnor to its institution.
7. That in the event tfiat at the beqinning of or at any time pe~ding any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any claims '~ereunder, said MUFTGAGEE ahall apply to the Court having ju~isdiction thereot for 1he appo~ntmem of e Receiver, •uch Ce~rt shall
forthwith appoint a re<eiver of said mortgaged property all and singular, includ~ny all and singu!ar !he incomr., proiits, issves and revenves from whatever
wurce derived, each and every of which, it beir.g express!y understood, is hereby morrgaged as if specifically set forrh and described in the g~anting and
habendum clauses hereoF, and such Receiver shall have all the 6road and eltect~ve funct ons a~,d powers in anywise entrusted by a Court to a Receiver, and
tuch appointment shall be made by such tourt as an admitted equity and a matter of absolute right to said MORiGAGEE, and without refsrence to the
adeqvacy or inadequacy of the val~e of the property mortgaged or to tfie so~vency or insolvency of ~aid MORiGAGOR or the defendants, and that svch
rents, profits, income, iasues and revenuea shall be applied by such Receiver accord~ng to the lien or equity af aaid MORTGAGEE end Ihe practice of such
Court.
8. 7o duly, promptly and fully perform, discharge, exetute, effect, complete, comply with and nbide by eech a~d ever~ the stipuletions, agreements,
conditiona and covenants in said promissory note and th~s mortgage set forth. .
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a oerson other than the MORTGAGOR, the
MORYGAGEE, its succeasors and assigna, may, without notice to the MORTGAOR, deal with such successor or iuccessor in- intw.est wiih reference to this
mo~tgage and the debt hereb~ secured in the same manner as with Mortgagor without in sny way vit~ating or d~scharging the Mortgagors' liability here-
under or upon the debt hen by eecured. No sal~ of the premises hereby mortgaged and no forbearan~e on the part of the MORivAGEE ar its successors
or assigns and no extension of the time for the payment of tFe debt hereby sec~red g~ven by the MORSGAGEE or its successort or ass~gns, ahall operats
to re!ease, distharge, modiEy change or affect the original liab~l~ty o4 the MORTGAGGR hereiiy either in whole cr in part.
10. It is spec~fically agreed that time is of ihe esaence of this cantra~~ and that no weiver of ar,y obl;gat~on hereunder or of the obligation se-
a,red hereby shell at any time thereafter ba held ta be a waiver of the termi hereof or of the instrument secured herby.
1 t. In add:tio~ to ihe forego'ng monthly payments of print pal dnd imerest iequircd by the promtssory no!e secured hereby, mortgagor tovenanis
and agrees to pay to mortgagee with each monthly payrnent an add~~ionel sum est~n~ated 'by morfgagee to be Equal to 1/ 12 of the annual cost oi ihe fcllow•
ing:
A-All real property taxes levied o• asseszed agai~st the above des:ribed real estare.
8-Premiums on fi~e and windsrorm insufance as herein requ~red to be carried on the improvements alt~ate on the above described premises.
C-Premiums on such mortqage guara~ty ir.wrar,ce as mortgagee shail frem t~me to time deem fit ta carry on the toan sec~red hereby.
Mortgagee shail from time to time notify morrgagor in writing of the amount due and payable he~eurder and such sum shall thereupon be ~ue and
payable on the due date of the next ~nonthly payment and each successive month thereafter until mortgagee sha!! not~fy mortgagor of a change in such
amount. Such sums sF.a~i be applied by mortgagee toward the payment of real property taRes, insurance prem;ums, a~~:i martgage guaranty insurance
premiums.
IN WITNES$ WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fir t aforesaid.
ign , Sea1 end ~ivered in ~resrnce of: /
~ (Seel)
V`~ (Seal)
!Seal)
i
-(Seal)
STATE OF FLbRlDA
Se int Luci~ ~
COUMLY OF
r
Before me penonally appeared
lp~~ 1[]g F~ T9~,yry=+ his wife, to me well known and known to me to be
the individuals described in and who executed ihe foregoing instrument, end acknowledged before rr:e that they executed the same for the purposes
therein expressed. And ihe said C+ 10 ti tj 8_ F~ T~) ~'r 1 O~'
w~fe of tha sai~ I'lO~C~ T8y~.0Y' upon e separate and privare
examination by me taken separate and apart from her said hu3band, acknowledged to and before me that she executed said ins`r~ment freely and volun-
~arily and without ar.y compulsion, constraint, apprehension~, Jor fear of or from her said husband.
WITNE55 ry hand and official xal this 3!M+ day of S~`~g~ 2' A. G. i9_~
~ //ss~ ~GY-~Y
Not Public in and for the tate fiorida at large
My ommiision expires: 3~~~ ~g
Retum To: , . , . . s . ~ : - ' - • ^
Firat ~,ae~el`~Y~r,~,+j~, ~ ,~s~r~~p AND RECORDED " . , ~ ,
. :Of Fut.;?~~ye~ • • , . -
. For~ Pierce;•~fodc~s Gh~~`v' -
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= ' `f ~ '65 ~co 7 P~~I 3 : 3?
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• ~ ROt;~f~ 'r:,, ~ r~,~~. CI~ERK : -
. , Si. I.UCIE COUNTY. ~ ~ ~
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