HomeMy WebLinkAbout1255 And uid Mortqpors. for th~mselws ~nd ~Fwir he+r~, Ipal repre~enl~tiw~, sua~tWrs ~nd ~uiyrt~, Mr~by ioinNy and NvN~lly tov~Mnt ~ad pr~
to •nd with tht uid MORTGAGEE, it~ ~~tctftors ~nd a~siyeu;
1. To p~y •II •nd •inflular th~ princip~t snd i~tereat ~nd th~ v~rious •nd ~undry ~ums of money payiblr by vtnw of Nid promi~wry not~, ~nd thi~
morigay~, e~ch ~nd ewry. Promptiy an th~ dayf r~spectively 1Fw t~m~ wwr~lly bacoen~ dw.
2. 7o p~y •II •nd sinyular th~ ta~es, •ut~sm~nh, I~vi~t, liabiliri~~, oWiyation~ and Mcvmbr~ntr~ of ~v~ry n~tun and klnd now on s~id d~at?ib~d
Qroperty, a that her~~fia may t» impos~d, ~uff~rtd, plac~d, Iwied, or s:s~u~d eMr~o~, a tFwt Mr~aftN m~y b~ I~vi~d w a~v+sa~d upa~ Mis Morl¢
+g~. or tM Indrb~ednest ~tcured hereby. ~~ch ~nd every, wht~ du~ and pay~ble, .ccadinp ro I.w, btfor~ tMy b~com~ d~llnqwnt. ~nd tr~fw~ any In»rNt
~ttaches or any penelty is inturred; ANO INSUFAR AS ANY THEREOF IS OF RECORO TNE SAME SHALL 1!E PROMPTLY SATI$FtEp AND DISCMARGED OF
REGORD AND iME ORIGINAI OFPICIAt DOCUMENI (SUCH A5, FOR INSTANtE, TNE 1AX NECEIPT OR THE SATISfACTION PAPER OfFIC1AllY ENOORSEO
OR CERTIFIEO) SNAII BE PIACED IN THE WANDS pF SAIp MORTGAGEE WITHIN TEN OAYS NEXT AFTER PAYMENT, and in the ~wnf th~t ~ny tMr~of is not
paid, tat;sfied and discharged se:d MOR1GAGfE may et any time pay tht iame o~ ~ny p~~t thereof without w~ivir~ o~ aff~ctiry any optipe, li~~, ~qvity or
•iqht u~der o~ by virtue of thii mortgage and the full amovnt of each •nd every such payment fhsll b+r immedi~i~ly du~ +nd p~y~bl~ ~nd ~hall blar int~~~ft
f.om Ihe dett thereof until paid ar rate of dyht per tentum per annum and toy~sth~r with ~uch i~t~re~t shaH be secur~d by ths lien of th:s morytay~.
To plap ~nd oonNnuously k~p o~ tM bultdinps now w twrNft~r ~t~wh w? wid bnd and on ~!1 ~qutprn~nf ~nd p~nonally wv~nd by fh{s mwty-
p~, with dI pr~mium~ tlwnon p~id I~ fvll, fin inwnnc~ in tMw vswl iand~rd policy fam, in • sum ~pp~ov+~! by th~ MORTGAGEE, ~nd wln~torm
kwwana In Nw uwal ~t~nda~d polity fwm, in ~~um approv~d by tM MORTGAGEE, Ih ~veh eomp~ny o~ eomp~nhn a tM h10RTGAGfE eniy
d~nct1 and a11 fira ~nd winditwm insw~nu policin on ~ny of ~a+d buildinyis, ~ny Int~r~~t th~r~In or p~rt tMrwf, in tM pprp~h wm ~for~said or
M~xaa thw~af, ahall cont~in tM wu~l ~t~ndard mwtyay~t c1~uN ar ~uch otMr cl:us~ a fM Mortqa9» may nqvin, m~kinp tM top undK t~id poii-
Np, Nch ~rxt ~wry, p.ya61• ro~a~d MORTGAGEE u in intKe~t may app~ar, and ~ach and ~v~ry such pol;cy sF,+~ll b~ promptly ~w.qrnd ~nd d~liwr~d to
~ny MW by wld NN7RTGAGEE a~ funMr ptvtity to wid mor+y~ debt, and, not Iw~s th~o t~n (1p) dayw ln adwnt~ of tF+~ ~xpir~tion of sKh pplity, ro dr
liwr ro wid MORTGAGEE a nnRwal ther~of, toq~tF»r with a rec~(pt fo? tM pri?mium oi wch r~n~w~l; ind rh~re ahall b~ ra fire or windstorm inwr~nc~
pl~crd on iny of ~~d b~l{diny~, ~ny int~nst thN~in or p~rt th+rwf, unl~sa in itw form and with tM !ou p~y~bl~ ar ~fonNid; and In tM ev~n1 ~ny sum
of n+on~y becan~~ p~y~bl~ under such policy w policiss wid MORTGAGEE ~h~ll Mv~ tM option to r~niw and ~ppty tM Nm~ on ~ccount o~ thr Ind~bted~
n~u rK~~~d Mrtby or fo ptrmit uid MORTGACaO(1S to r~c~iv~ ~nd u~s H or ~ny ~prt` t1?ere6f {or~ orher pyrpt~ses, without the~eby waiving or impeir
It~g rny ~quity, li~n or riyht unda or by virtw of thi~ mortpp~; ~nd in the svent si~d MORTGAGORS sh~ll fa ~ny nawn f~lt to kt~p tM uid pnmis~i w
tiuuwd; or f~il to d~ltver promptiy ~ny ai wid politi~~ of (ruvr~nc~ ro~aid MORTGAGEE, or fai! promptly to pay fvlly ~ny pr~mivm ther~for qr in ~ny
rpp~d fail to p~rfprrn, di~ch~rq~, ~x~tuM, lff~N, compl~te, tomply with ~nd abid~ by fhis tov~nanf, or ~ny part Mrsof, Nid MORTGAGEE m~y plats and
p~y for t+xh Ir~wr~nce or any part tMreof withuut wsivinq aw •ffecrinq ~ny option, lien, equity, or r~yht und~r a by virtw of thi~ Mortqp~, and thr
full ~mount of s~ch ~nd ~wry such paymtnt ~h~ll b~ imm~diately dve and p~y~bl~ snd th~ll bear lnt~rwt from tM det~ th~r~of ~~til p~id ~t the nt~ of
~in~ p~r c~ntvm p~~ annum ~nd toyether with ~uch interett ihall be secured by th~ IiM qf thi~ mortQpa.
4. To p~rrnit, tommit or sufhr ra w~it~, tmpairm~nt or dtrterioration of aaid prop~rty d+ny paA ti~trrwf.
S. To p~y rtl and tinpulu tM eoats, charpK and ~xp~nies, inct~dinq ~ re~sonabl~ ~ttwn~y'~ fra ~nd toats of abstr~Ns of title, incurrad ar piid n
~ny tim~ by said MORTGAGEE, b~causs a in the event of the failure on th~ Wrt of tM uid MORTGAGOR to duly, promptly ind fully p~rfam, di~charys,
~x~cut~, ~ff~tt, complets, comply with and abide by e~ch and evary tM ~Np~lationa, ayrNrrNnb, cond7tioni, ~nd wverunts of seid p.omluory note ~nd thia
mortpaQ~ sny w+i~har, ~nd a~id tot», tharp~s •nd ~xpenst~, each and ev~ry, ~hall bt Immediahly due ~nd payeble; whatMr w not tMr~ b~ netit~ d~-
m~nd, ~ttempt to collect or wit p~ndiny; •nd ths full srnount of each snd ewry wth p~yment ~fi~ll bear i~tereu from tM dati thereof until paid a tM
r~t~ of nina per cenrum per ennum; and afl said co~r~, charqei artd expsn~e~ incurrw~ a p~id, top~tMr with such int~rat, fhatl b~ ~ecured by th~ li~n of thu
^fortqps•
6. Tlwt in tM rv~nt of eny brescfi of tfiir Mortpage or defsult on tlx paA of fM MORTGAGOit, or (b) in th~ ev~nt ~ny of wid wm~ of rt+on~y
h~r~tn r~f~rr~d ta bs not promptly •nd futty paid within thirty (30) d~yt next rhs+ ?M ~~me uv~reUy bssome due and p~yabl~, withoW dem+nd ar rwtic~,
or ln 1M w~m each ~nd every the ~tipulations, ~qreaments, conditions •nd co~~n~nn of s~~d promi~sory note and th~s mortg~~ ~nr w eithsr ~r~ na1
~uly, promptiy snd fulty p~rfwm~d, d~~char9ed, ezecuted, ~ffected, compl~ted, compli~d wilh and •bid+d by, then in Rither w~ny iuch ~v~nt th~ ~sid ~
prpit~ sum rrNntaned fn ~id promistory rwte then remainirg unpaid, with inter~tt ~cvwd, a~d •ll mon~ys ~ecurad Mreby, ~hall b~ton?~ dw ~nd pay-
shl~ forthwith, or tMreaftsr, ~t tMe option of said MORTGAGEE, +s fully ~nd compltttly q if •11 of tMr ~aid sumf nf rtwn~y w~r~ oriqinally ttiputaad
1a b~ p~id on euch d~y, snything in said prom;uory not~ or in thls Morty~fle to the contrary notwithst~nding; •nd ther~upo~ a rher~ahs~ •t the Aption of
Nid MORTGAGEE, withovt notice or dem~nd, ~uit at law or in eq~ity, tMrafor~ pr th~r~aft~r bpun, may be protstut~d ~s if ell mwwys Htur~d Mnby
INd m~tvred priot to itt imtitutirn.
7. Th~t in the svent that it the beginninq of or ~t any time pendinq eny wit ~pon thit Mortysya, w to foreclps~ it, or to reform it, or to ~nfora?
p~ym~nt of •ny cleims hereurxler, teid MORTGAGEE shall appfy to the Coun h+~vinfl turisdiction ther~of for the appointrrknt of ~ Reteiv~r, auch Co~rt ~hill
fcrthwith appoint a receiver of seid mortqafled propsrty stt ~nd •ingvla~, intlred~rq •H snd ~inyut~r th~ income, prof'rts, i»uq ~nd rsvenues irom whstevsr
wurce d~rivtd, ~ach ~nd ~very of which, it beiny exgreuly ~ndsrstood, is h~reby mortqped a if speciFicelly pt forth and d~uribed in th~ yr~ntin~ •nd
luk~ndum dw~t hrrwf, and such Recsiver thall h~ve all t}wt braad and effective f~rxtions ~nd powers in anywise ~ntrust~rd by • Covrt ta • Ret~ivK, ~nd
wch sppoFntment shal! be meds by such Court as m~dmitted equlty •nd a rt+~tter of •bwluh riyht to iaid MORTGAGEE, snd without ref~renee to tM
•dpuacy a inadequ~cy of the valva of the properry mortyag~d or to the ~olv~ncy or insolver?cy of ~~id MORTGAGOR a th~ def~ndanri, ~nd that •uch
r~~. profiri, incw?~, iuvfs and ravanurs ah~ll ba app~i~d by ~uch R~ceivt~ acto~diny to ths lien w eQuity of s+id MORTGAGEE and tF?~ p~~ctiq of wch
B. To duly, ~omptly and fully pe~form, di~charfle, execute, effcct, complst~, comply with •nd +bid+ by each •nd ~v~ry the itipul~tions, aqhemMtt,
oonditiorn u+d tove~anh in uid promiisory nota •nd th~s morf9aye s~t farth.
9. That in tM svent fh~ owner~hip o! the manpe fled prsm;sei, or sny part thsr~of, becomes veited Sn ~ psrsan other th~n tt» MORTGAGOR, thr
MOIETGAGEE, Ma waeuors and auigni, may, wirhout notice to the MCIRTGAOR, deal with tuch iucceuor w eucces~or in intersst with r~fsr~nu To thi~
mwtp+y~ artd tM debf Meteby sec~red in the ~ame manner st wirh AAanysgw withovt in ~~y way vitiattrp ot diuh~rpiny the Mottq~qors' lfability hert
unds~ or upon th~ debt Mnby ~atured. No sals of the pr~mises her~by moAp~ed and no forbearanc~ on thR part of tM MORIGAGEE or iri tucuswn
a+aiQr+s ~nd no extension of thr time for the payment of the debt henby securtd yiv~n by iM MORiGAGEE or it~ ~ucceswrs or auiyna, shall opsrah
k1 n1~~N. di~d»rp~, nwdifr ch~np~ w~ffM tl» oripinal iiability of tM MORTGAGOR Fwnin, ~iiMr in whol~ a!n patt.
10. ft h fp~tifiully syre~d that tima i~ of th~ ~nq of this contract and that no waiver of any obliyation M~eu~de~ ef of ths Oblis~tkn c~•
ax~d Mr~by ~II at eny tima there~fix bt held to ba ~ w~iver oF the tsrrtu htrwf or of !he instrument ~ec~red herby. • •
11. In ~dditio~ to th~ fare9aing ma~thly payments oF princ p~l and interost reqvired 'by the promissory note r~ecu+~'~hrr~y,' enp~?gepbr. opv~ny
~r?d iprsss to pay to mortysfle~ wirh each monthly p~ym~nt ~n ~dditional ium estimated by mortg;.gee to b~ equsl to 1/12 df lfii.innwl toq of ti~i,fo4ovr-
fnG: - •
A--AII r~al prup~rty tixes I~v3ed w sssessed a~ainst the abovo deacribed raal estat~, •
d-Pmmiums on fire •nd windsro~m irtjurant~ ~o herein reqvi~ed !o be canied on the improvements tituete on tM a60V~'.d~sCri~d prwnis~i,
C-Premiums o~ such mortyaqe flwranry insurants a mortQ~pe~ ah~ll frorn tirrN to time dHm fit W ur.ry oh fM lo~n stCVr~d M?~Iby;_ ~
AAorTypM ~h~ll from tim• to tirr~ notify mortya9or in writin9 of tM ~mewnt dus a~d paysble hereundsr ~nd tuch wm tliali !h~[~ypp1~:~'~' ~
p~y~bl~ on th~ due d~tt of fM nsxt monthly paym~nt ar~d ~ath successiv~ mOnth thercaftar until mortq~gr~ ah~ll notify rtqriyap6r .pf ~K yFe~p~: Tn p~
~rt+o~nt. Sueh aums ~hall b~ appli~d by rtsortaa9e~ towsrd th~ payrrKM of rs~l property t~:es. I~surincs premiumt, and inwra~o~
pr«ni~m~. . ;
IN WfTNf55 WHERE fM wid MORTGAGOR hq har~~o~ ~ n~~~ daE~nd ya~r fint •foresaid.
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~h~ ,~+b,d ~~,r, ~oln~Qgt~n, coratraim, ~ppr~Mrnion, or fesr of w frem t~r wld l~nb~rsd.
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~''r1ti~?ri~~ic ~Nt```•
Nobryr Public I~ St~» of Fbrida ~t I.ary~
Return To: Mr ~
f~oiary
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titi:~ti F~d~ral S~vinqs ~ Lo~n Associ~tion ~y tomr:is:in~ E~;::rC; ~~~_~!`i l, t':u~
({uad3d EY A-~~or, n~. s i.s.: Fy Ca.
Of '.~1. ~ilif~ ~rYf111ty ~ .
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