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HomeMy WebLinkAbout0835 ~ ~ I t ~ , ~ 3. Te plu~ ~nd contGwoudy k~ep on tM buildirpf now or I~Nhp ~itwt~ on uid land ~nd cn ~li oq~ipm~nt md p~rsw~~l(y wvered by tl~ii mi,ri9• J q~, with tll pi~mium~ thtrwn p~~d in tull, firo irouronc~ in tM wwl ~~~ndard polKy fprm, in ~ sum approved by the MORfGdGEE, ~nd winditam • I inwr+nct in if~e uiw~ tl~nd~rd policy lorm, fn ~ wm ~pproved by ~h~ MORTGAGEE, In wch compmy or camp~nia ~s ihv MORTGAGEE may dindj md ~II fin ~nd winduorm inwnnn policie~ on ~ny of uid bu7ldinp~, my tntHes~ rlurein nr part tMrwf, in tM ~pflreQ~~~ wm ~faruid or i M exrea tMreof, ~MII cont~in th~ wu+l Uendud mortgapre clauN w euch otMr ciws~ n th~ Morty~g~e mey rpui», makinp the loss undN u~d polr cin, wch md ~wry, payable ro uid MORiGAGEE it~ ir,terest may ~ppar, and Nch and wery such poliq ehall be promplly as~.flned end delivared to I~ my Mfd bp ~~id MUATGAGEE (urthe~ tetvriry ro uid monp~e debt, md, nor ku t}yn qn I10) dayo in advance nf the expiration ol esch poGty, to dr ~ N (iver to qid MORTGAGFE + nnew~! tMrwf, top~ther with e r~ipt for the p~~mium of wch nnewal; and there ~hall be no fire or windatorm insur~nce ~ p~et~d an any of uid buildirp~, ~ny interert therein or pirt 1hNeof, unlts~ in tlx form ~nd with the loes payable at aforosaid; end in the ev~M any sum ( of morby bttamh p+y~bie und~r wth polky a polities said MORTCAGEE ~h~ll luve d+o option ro recei~e and epply the s+me on actount of 1he indebted~ n!p tKUred henby w b pamil ~aid MQpTGAGOR$ Io rKaw md uw U a eny parl thereoi for othc~ purposa, without Iheraoy waiving ur ~n,pair- irg my equify, li~pn w rqhf vader w by virfw af fhi~ motlpaps; and in 1M went wid MORiGAGORS thall for ~ny reasoo lail to kecp fhe said premisee so insured, or fail to deliver prompdy ~ey of wid policie~ oi inwnnce to wW MORTGAGEE, or feil prornpily to pay fully any premium thrrefar or in any re~ped feil io pKiorm, diuharqe, ~xacute, effect, canpl~te, comp~y wirl~ and +bide by ih~t mvenani, or any parl hereof, said MORTGAGEE may place and p~y fa such im~ruia or ~ny part thereof wiihouf w~ivinp u~ffMirp ~ny option, lien, puiry, or right under w by virtw of th~s Morrqage, and the full ~mount of e+ch ~nd ~wry wch paymeM iMll M immedi~tely dw md peya6la ~nd sAali beu intereat (ran the dNe Ihoreo( uNil paid at the ra~e ol ( nin~ per tanWm per annum and toqether wNh wch inrerost sMll be ~etured by the lien of thi~ mortgege, 4. 1o pernit, tommit a sufftr no wa~te, Imp~irmeni a dNerioplion of ~~id propeMy u any part tlureaf. ~ 5. To pay ell and ilnpulu the cosh, cherg~ and expenwi, inciudinp ~ re~sona6le ~ttomey'~ fee and mstt of ab~hxtf of 1i+le, incurred or paid ei eny time by ~aid MORiGAGEE, beuus~ or in tM ev~nt of the failun on IM pirt of Ihr said MOATGAGOR to duly, promptly ~nd fully perform, d~uhargs, azecute, affect, complefe, comply wifh and sb:de 6y a+ch ~nd every the stipulations, ~yreements, condrtion~, and covenants of ~e~d promissory note and thi~ martgeqe any or eiiher, and ~a~d cosb, cluryes and expenxL euh and erery, ~ha~l M immed~ately due and payable; whether or no~ there be co+ice de~ mand, ~itempt to tollett or wit pendinq; and tha fuN amount of exh and ~very tuch paymant thall bear inrerat from the date thereof unril peid a~ the rate of nine per tentum per ennom; and all iaid coxts, charges end e~cpen~e~ inturred or p~id, tagelher wdh wch interost, ~hall b~ tecured by ths lien ol thi~ mortp~pe. 6. Th+t {aJ in the event of any breath of thi~ Mortgaga or drfauit on fhe part of the MORTGAGOR, or (b) in fhe event eny o! said aum~ of money herain referred to be not promptly and fuliy paid within thirty (30) day~ next afrer the same severally become due and payabl~, withoW demend or notice, ~ or (c) in the evem each and every ihe ttipulaiiom, ayrnemenn, conditiona and covenanh of ia;d promissary note and fh~~ martgape any u cirher arc not ~ 1uly, prOmptly and iully pertormed, distha~ged, axetuted, effetted, tompleted, tomplied with and abided by, then in either or eny wth evem the wid ~g~ ~ pregate som mentioned in said promiuory note then remaining unpaid, with interest accrued, end atl moneys eecured hereby, shall become dua and pay- ~ • able forthwith, or tnereaker, at 1he option of faid MORTGAGfE, as (uily end rompletaly a~ if all of the sa'rd sum~ of monay were oripinaliy ttlpuleted lo be pnid on such day, anything in sald promiuory note or in ihii lWortgage to the contr~ry nolwithslanding; mnd ihereupan or thereaftar et tha opilon of ~ seid MORiGAGEE, withom notice or demend, suit at law or in equiry, thereforo or thereaker begun, m+y be prosecuted if afl money~ secured hereby had m+tured pna to it~ inatitution. 7. ihat in Ihe event that et the beginning of or at any time pending any wit upon thi~ Morfgage, or to foreclose it, or ta reiorm i~, or to enforce payment of any daime hereunder, uid MORTGAGEE shilf apply to ihe Court having jurisdiction thereof tar tha appoinrmenl af a Receiver, tuth Court shafl j forrhwith appnfnt a receiver af iaid mortgaged qoperty all snd singular, Includ~ng all and aingula~ the income, p~ofits, iasues and revenues from whatever wurce derived, eath and every of whlch, it being eapressly understood, i~ hereby mortgeged as ii ~pecifically set forrh and dexribed in the qranting and { habendum clauses hereof, end such Raeiver thall have all the bro~d and efiective functons end powera in anywise erttrusred by a Cow~ to a Receiver, nnd ~ wch appointment shall bc made by wch Court es an admitted equity ard e mattsr o( absolute right to said MORTGAGEE, and without reFerente to the f adequacy or inedequecy of the value of the properry mortgaged or to tne solvonty or insolvency of said MORiGAGOR M the defendant~, and that wch ~ renrs, profit3, income, is~ues and revenues ~hall be apptied by iuch Reteiver atcordinp to ihe lien or aquity of said MORTGA6EE and ihe practice o# such ; CouA. I 8. To duly, promptly and fully perform, diocharge, execure, efiecr, complete, comply with and abide by each and every the stipulations, agreement~, ' conditians and covenams ~n sa~d promissory note and th~i marrgage set fonh. ( ~ 9. That in the rveM fhe ownership o! the mortgagcd premises, or any part thercof, bemmea vested in a person mher than the MORTGAGOR, the j MORTGAGEE, its suaessors end aesigns, may, without notice ro the MORTGAOR, deal wilh such succesaor or ~ucceesor in interesi with reference to this mo~igage and rhe debt hereby secured in ihe same manner as with Morrgago~ wfrhout in any way vitiating or d~scharging the htortgagors' liabitity herr ! urder or upon the debt hereby sewred. No sale of the premises hereby morlgaged ar.d no forbearsn~e on the par! oi the MORIGAGEE or iti avecessors ~ or assigns and no eziension of rhe rime for the payment ol the deb~ hereby secured given by the ~dORTGAGiE or its sutttssors or as~igns, ~hall operate , to release, d~scharge, modify change or a~fect the orig~nal liability of rhe MORTGAGOR herein, eiiher in whole or in pari. ~ 10. h is specifically agreed that time is of the euence of this tontraci and lhat no waiver of any obligation hpreunder or of the obiigation se ~ cured hereby shah at any tima thereaf~er be held to be a waiver of the terms hereof or of the instrumem iecured herby. ~ 11. In add~tioo to the iorego:ng mon~hly paymems of princ"pal and interest required by ihe promissory no!e secured hereby, mortgagor covenants and agrees to pay to mor~gagee with each monthly payrnent an addi~ional sum es~~maied by mortgagee ta be equ31 to 1; 12 of the annual casi of the follow• ing: A-All real properry taaes levied or assess~d again~t Ihe a6ove descri~ed real estate. I 8-Prtmiums on fire and windsto:m insurance as herein requ~red to be carried on the improveme,i~~ a~tua~e on the abovr described premises. ~ C-Premiums on such morigage guaranty insurar~ce as m~rtgagea shall from t:me to time deem fit to carry on the loan secured hereby. ~ i ortgagee s aU from tlme to time notiiy mortgagor in writ~ng oi the amount due and payable hereunder and such su~~ shall thcreupon be due ar.d ~ayable on the doe date of ~he next momhfy paymem and each suaeseive month thereafter uctil mortgagee shall notify mortgagor of a change in such amount. Such sums shail be applied by mortgaqee toward the payment of real property tazes, insurance pr¢m;ums, aod mcrtgege guaienty irsurante premiums. ~ IN WITtJESS WHEREdF, tne said MORTGAGOR has hereunto set his hand and seal the day and year (irst afaesaid. i _ Si ned, 5e ~Ied and delivered in preae _ of: ~i~/ a~~ 1 (Sedl ~ ~ R (Seal) I I _ (Seal) ~ STATE OF FLORIDA ! cauNTr aF ~S~ int Luci e ~ u~ ~ i Bef~re me penana0y nppeared ~Ob ~ ~sTABYI end I EC~`~.9 ~'S'9@n his wifa, to me well known and known to me to be ! the individuali deacribed in ~nd who exec~ted the for oi ! eg rp inatroment, end acknowledged before me that they axecuted the same for tIx pvrpases therein expreesed. And the eaid_ Edr~B C~^88A wife of the said ~Ob ~ Gre pn upon a~eparak and priva'e ~ e,ramination 6y m. taken uparate aod apart from her said h sband, etknowledged to and before me ihat she executed said in~trument freely and volum ! tarily and wiihout any compul~ion, constraint, apprehensipry~r fear of or (rom Mr uid husbend. ~ WITNESS m hand and officiai ieal thia _ y A. D. 1? { Y de oi October 6 1 ~S . ~ ~ ' Q~~ Notary Pu61ic in and {or the Stale of Florida ai targe ~ S~ O~ My Commiuion eapire~: Return To: R~ NOtdry Public, St2te Of Fbrida ai Laro,a Finf Federal S~vin~s 8 toan Assaia~ro ~A My Com~r~ ss,on Explres \ov. 13fi~ Of Fort P~~~ce. Bqnded 'uy ~+a~er,can SuretY ~o. of i~. Y. ~ Fyt Pieice, Florida ~1 ~ . n ~ ~ , - ~ PM ~ ~ ~ ~ . . ~~;~ii~o;~ ~ i . , ~ . : ,6~ p~,j ~~K ; , , : I ~ ,.~1 ti ,•a ~ `,~5~, i.~~r~ { 1 '7J~,~ ~ ~ 'J ~ . 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