HomeMy WebLinkAbout1888 3. To p!eca and coni~nua.sty ?eep cn rhe b:.~'d~ ,s ncw cr he~earter ~ r~ar~ o+~ sa~d Iand ard on •II equipm~M ~nd personally covered by this monp•
~pe, with all premiums rheroon pe~d in f~~t, fire inevri .e thc ~~s~al srar.~a~d po:~cy form, in • sum apprpred by the MORiGAGEE, •nd windstorm
~ in~~rence in rhe us~al s~enderd po!.cy form, in a sum apF~ro.ed by +hr MORTGAGEE, in svch company or companies af the MORTGAGEE msy
diract; end all fire and w~ndstorm i~suranca po:~c:es on rny of sa~d bv~id~~gs, eny interest therein or pert thereof, in tne aggreqate sum aforesaid or
in ~:tesi thereof, fheil contain the usual stanciard morrg.a3ee uause or svch other dause as the Mortgegee msy requ~re, makin9 ~he los~ under fa~d po~F
ciet, each end every, payab!e ro sa~d MORfGAGEE as ~~s i~,~er~~st msy appear, and each a~ ti ~~ery svch po~:cy shall be prompNy esegned and de~ivered ~o
~ny he~d by said MO4(GAGEE as fu~ther sewrity to sa~d mortgage dent, a~d, not irss than Ier. ~:D) deys in ad~ance of the exp~rat~on of each policy, ro dr
liver to taid MOR'GAGEE a renewal thereof, togerher with a rece:pt tor rhe premium of iuch renewal; and there ihail be no f~re or wincistonn imurance
pla<ed on eny of sa~d bvild;ngs, any intzrest there,n cr part th.~reof, u~:ess ~n the fcrm and w~th the loss payable as aforesa~d; end ~n the evtrt any aum
of money becomes payable under s~ch policy or pol~ties said MORTG%.GEE she;l have ti~e vpt~on to rcceive and apply the same on acco~n! of the indebtrd-
nest secured hereby or to permit sa~d MORTGAGORS to recr~ve and vse it e~ any p.~rt the:eof ror o;h~ r purpose~s, .v~~he~t thrcor ~v:.~v~.~3 e~ ~'np~i''
ing any equity, lien or right under or by virtue ot th~s mortyage; and in the evem se,d MORTGAGQRS shafl for any reason fail to keep the sa~d p~emisea so
i~fured, or fail fo deliver promptly sny of said poI~L~25 of +nsurar.ce to said MORTGAGEE, ar fail promptly to pay fvRy any p~emium therefor or i~ any
re~pect feil to peiform, dniharge, eaecute, effect, comptete, co:nply wiih and ab~de by this covenant, o~ any part hereof, sa~d MGRTGAGEE may p~ace and
pay for wch ins~rance or any pert the~eof without waiving or affecting any option, lien, equity, or ri~ht under or by virtue of this Mortgage, and the
full amount oF each a~d every s~ch paymeM shali be ~rmrd~etely due and payabie and shail bear interest from th~ date thereof until paid at the rote ot
nine per tenrum per annurn and togeth~r with such int~~~est shali be sewred by the lien of this mo~tgege.
4. To permit, commit or suffer no waste, impairment or deteriorat~on ot safd properry or any part thereof.
5. To pay all and sing~lar the costs, charges and expenses, induding a reasonable ~•~omey's fee and costs of a6stracts of title, incurred or paid at
eny time by safd MORTGAGEE, beca~se or in the even~ of th? fa~lure on the part of ~he sa~d M~RTGAGOR to duly, prompNy and fully perform, d~scharge.
exec~te, eftect, complete, canply w~th and ab;de by each and every the stipulations, agreements, conditions, and covenants of said promissory r.ote and th~s
mortgage any or either, ar,d aa:d costs, charges a~d expenses, each and evrry, ahall be immed~at<ly due and oayable; whrther or not there be noti:e d~
mand, attempt ro collect ot suit penci~ng; and tFe fuil amount oi each and e~ery such paymern sh~ii bear interest from the date thereof until paid at the
rate of nine oer crntum per annu.nr and all sa~d cosrs, charge5 and ex:.enses incurred or paid, toyether w~th such imerest, shall be setured by the lien of thi~
mutgage.
6. That (e) in the event of any breach of rhi~ Morrgage or default on the part of the MORTG.4GOR, or (b) in the event any of sa~d sums of money
here~n refarred to be not pro~nGt~Y an;: fully paid within th:rty (3J, daYS »c.if aiter the same severa;:y become due and payable, wilhout demand or noti[e,
or ~c) in the event each and every the stipu'ations, agrezments, cond~t~ons and covenanrs oF sa,d prom~ssory note and th~s mortgage any or either are not
~uly, promptly and fuiRy performed, d.scharged, exec~ted, effected, completed, compl;ed with and abided by, then in either or any •ucfi evem ihe aaid ag
qreyate sum men!ioned in said prom~ssory ncte then remaining unNa~d, wirh inferest acuued, and ail moneys sec~red hereby, shall become due end pay
able fonhwith, or thereaffer, at the option of sa~d ~,10RTGAGEE, as fuily and complereiy as ii alt of the sald svms of money were originelly sNpuleted
to be pa~d on such day, anything in sad prom~ssory note or in this Mortgage ro the coro:ary nof,virhsrand~nq; and thereupon ar thereafter at the option of
said MORTGAGEE, withaut not~ce or demand, su~t at law or in ea~~~y, therefore or lhereafter begun, may be prosecuted as if ali morteys secured herehy
had matured pnx to rts institution.
y. That in the event that at the beginn ng of or at any time pend~~g any sui' upon tnis Mortgage, or to foredose it, or to reform it, or to enfores
psyment of any cleims hereunder, said FAORTGAGEE sha!I apply to the Court having jurisd~ction the;eof for the appcintment of a Receiver, such Court shall
fonhwith appoint a receiver of sa~~ mortgaged property a!I and sing~!ar, inciud ng all and s~ng~iar tha ir.con+e, profits, issues and revenues from whataver
~ource derived, each and every of wh„h, ~i beina express'y undersrood, is hereby mortgaged as if spec~f~tally set forth and destrbed in the g~enting and
hebendum clauses hereof, and s~ch Receiver shail have ali the oroad and effecrive fur.cr,ons and powers in anywise entrusted by a Court tQ a Rrceiver, and
tuch appointment shalt be made by such Covrt as an admirred equity and a~natter of absolute r~ght to ~ald MORTGAGEE, and vvithout reference to the
e~equacy or inadequacy of the va!ue of the property morrgaged ar to the so',vency or inso~vency oF sa~d MORiCAGOR or the defendantf, and that such
rents, profits, income, iss~es and revenues shail be applied by such Receiver accord;ng to the lien or equity of sa~d MORTGAGEE and the pracrice of auch
Court.
8. To du!y, promptly snd fully perform, d~scha~ge, exec~te, effect, comp!ete, cemply wish and abide by each and every the ~4ipulations, egreementf,
tonditions and tovenants in sa~d promissory note and ih:s mortgage set forth.
9. That in the event the ownership of the mortgaqea premises, or any part thereof, becomc•s vested in a perion other than the MORTGAGOR, the
M.pRTGAGEE, its successora and assigns, rriay, without notice to the MORTGAOR, deel with such s~ccrssor or Wccessor in interest with reference To this
mortgage and rhe debl hereby sec~red in rhe same manner as w+ih hlort~agor w~thcut in any ~n•ay vitiating or d~scharging the Mortgagors' liability here-
under or upon the debt hereby secwed. No sa`:e cf the Fremises here~y moitgaged and no forbearante on the pan of the MORTGAGEE or it~ successors
or assigns and no earension of the rime ier fh~ payrr.em of !he debt hereby se,ured g~~en by the MORTGAGEE or its successo or assigns, shall operote
lo release, aischarge, modify change or afiect the orig~nal 6a~;ilty of the MORTGAGOR here~n, either in whole o~ in pr,rt.
10. It is spec~ficalEy agreed that time is of the esse~ce e' th~s contract and that no weiver of any obligatlon heieunder or of the obliqafion se-
cured hereby shall at amy time thereafter b~ hefd to be a wa~v~r of the terms hersof or of tFe instrumem aecured herby.
11. In add,tioo to the foregang rnomh!y payn.ems oF ,:r;nc pa! and inrerest requ~red by the prom;sscry no!e sccured hcreby, mortgagor tovenanls
and aqrees tc pay to mortgagea v.i;h each monfhly pa;~~ent an ~dd~~ional sum es+;:>?ated by mo~rgagee ~o be equal ro 1; 12 of tha annual cost of t!~e foflow-
infl:
A--AII real property taxes levied or d55f55_C ag~i-,sr ti~._ ab~ve desc~ibed real essate.
B-Prem~~ms on flre and wir.dstorm ~nw~a~ce as 1:ere~n rcqu.red to be carr~ed cn the Improvementt s:rvate on the a5ove d:sc~ibed premises.
C-Premiums on such mortc~age guaranty icwracr~ as mcrt3ay-~e shali from. t'me +o rime deem fir to carry on the loan secured hereby.
~ Mortgagee sha!I frcm t~me to ti~,e nerify ~,c~rg;gor :n wr~tirg ot the amount d~e and payable hereunder and sucn s~m shall thereupon be due and
payabfe on the d.:e oa!e of the next n;onth:y paym•_nr and eocn s~cc?ssive month thereafter ~r,til mortga e sha!I notlfy mor!gagor of a change in wcn
amo~nt. Such sums sF.a:l be app~~ed by mo~:gagee towa~d the paymer,t of ieal property taxes, insuran rem;ums, and mort guaranty insurance
p~emiums.
IN VJITNESS `~NNEReOF, the said Ir10RTGAGCR ha: hereunto set his hacd and seal tha dey and ear firs! afor~d.
5~ d, 5 lea and 1d~elivered i e pr sence of:
C 3'_ (5eel)
• 't ,r ~ f>> ~i r_-~ ' _L~~ / ~ (Seel)
w?, 5 TA !~~F i- L U Fl I C~ A~~se,>
~ ~ DDCUMENTAp~ S1'uMP TAX
W
V
S7AiE GF FLORIDA ~ ~ ~ IIOY-Z'65 r~y"~:~.
u. a ~ 5220=
courvrr oF ~ain T~~cj
a i y c~ = t:}~~ -
COMptROI,LEn
Before me personally appeared ~.a . ~ n ~'~P T' P.R, i9a133 ~ aR'`'~ and
L.f111j SP nF31~E?'__ ~ his wife, to me well known and known to me to be
the individva!s described in and who exec~ted the foregoing instrument, and acknowtedged before me that fhey executed the same for the purposes
therein expressed. And the a~~d _ Lpu~SB_ X'~1 *?mP~'__ _
wife of thp .~jcJ~Fly~~ A~ pa~ "~F3_1"' _ _ upon a separate and privete
examinat;on br rrw tB4ep separate and apart fro~ri her sa~d Fusban~, acknowledged to and before me that she executed said instrument freely and volun-
tari}y~wr(!,~ ~vii1F{oui ~y; ~ok~pulsion, constraint, apprehension~r fear of or irom her said husband.
A. D. 19~
~ •~W{t~Pl,ES~.my~fwr4d~,ari8 officiaf seal th~s__ day of NOVeTt7~P~''
- . . . ~ .~.P~-
~ ~ ~ ~ . - > ~ -
= Notary public in and for the Sttrte of Fiorida at Large
, . • My Comm~ssion ezpires: Notary Put;!i~, c~~•e of F'qrda 3t i.~,,,,,
. . ~ . . teS~ :O.T.~n . tt _X.; r~.•5 ~~iov. j
• Aeturn' Ta Bonae;f cy ;-,ii err an Surat 1`"'
~inj F~e+II. Sai~inq.i, ~~'Lpan Assodation `v _ _ y'yA: p', 'y-
..'Of•for~~,p:ce. `Q ~ r~•~~~~
~ ~ ~iCt~•.ridelte.•:FYo?itla ~O~r O~l~` RrR:R1V[0 = IN PAYMEPITOFTAX[3 ' • a'••~
- CD g~ aur~~M ~~~~a•c• i?~Tr.~:, - . .
. ~ ~ BLE PER~OVAL PROPERTT ' • , • -
~ FU!:~ ~I~~lT *0 ~:HAPTER 2"v72<, ~C7' dF :341. • r`' . J ( rt
~ Ot~ F'='C% R F~''~? , Ci:r!c ~irc~ii :...~urt r....~ ~
~i 3 ~s e t, R 4i ~ ~,ent f.f .`.V ~ ;~1. .lAt.li:,ri - : wa ~ W ~
Q~ ~ ; i ~ r, t ~:.1 ounty T~x o'lector ~ ' . .
~ ~ i` ~ ' '
} v~~Q`~ , y ti-"`~ i y .1 ~
~ C, \~O~ ``r,-~'~~`~C~ ~ DEPU7Y CLEi?K .
6 `
~O 5~ \ ~-vF~~~\~ A U R c~
BOOK 1JD ~
~'°J~d