HomeMy WebLinkAbout2026 3. To plece end continuouaiy keep on the bu~!dings now o~ hereafter ~~tuats on ~~~d lar?a and on sll eqvipmeel ~nd p+non~lly cover~d by thi? martq-
~e, with •II premi~ma ther~on pa~d in ful1, fire imuronce in the vsual srandard poGcy form, in • wm approved by the MVRiGAIiEf, ~~d windtrorm
Infuronte in ths usual •randard p~l+ty form, in a~um approved by the MORTGAGEE, in s~ch tompany or tompanies aa th~ MORTGAGEE may
dirett; ~~d sll fire and wl~dst~rm insurance policies on eny of ss~d lwild~n~s, sny int~rhl therein or part fhereof, in ihe ~ygreQste s•vm ~fortNid ot
In ~xceu thereof, shell conta~n ~he u~ual standard mortgagee cfause or suth other cla~sa as rhe ANortgayee m~y requ~n, makinq 1he loss under ta~d po~i-
ties, each and every, peyable ro~~id MORTGAGEE as ~ra ~nrereit may apprar, end esch and every s~ch poi~cy •heil be promptly ata:g~d a~d delivered ~o
~ny held by se~d MORfGAGEE as f~~th~r secur~ty to fa~d n~ortqac~e debt, and, not leu than ten (10) deys in advance of the expira?ion of eath policy, tw d~-
livar fo said MORTGAGEE a renewal thereof, together with a rete:pt ;or the premium of such ~rnewal; and thera thsll be no f~re nr windstoim insuranc•
plsced on sny of sa~d building~, ar,y inierest there~n or part the~eof, un!ess in rhe fo~m and with the Ioss payable as aforexaid; and in the event •ny surn
of money becomes payable under such policy or pol~cies seid MORTGAGEE shall have the opt~on io receive and epply the same on account of the indebted-
nes~ secured her@by o~ to permit aa~d MORTGAGORS to receive and use it or any part ther~of for orher purposes, withc~t therbr waiving er ~mpair-
inq •ny equ~ry, lien o~ right under or by virtue of this mu: tgage; and in the event sa~d MORTGAGORS shall for any reason teil to keep tha ssid premices so
insured, or fail to deliver promptfy any of sa~d pol~cies of insurence to said MORTGAGEE, or fail promptly to pay fully any prernium thnrefor oe in any
respect feil to perform, discharge, execute, effect, completa, comply wi~h and ab~de by thit covenaM, or any part hareof, soid MORTGAGEE may place and
p~y fw tuth insurance or any part thereof withouti waiving or affectinq any oprion, lien, equity, or right under or by virt~a o# this Mortgape, snd the
full amou~t oi each end every •uch paymant shall be irr,med~etely dua and payable and ahall bear interest from tF» date thereof urtil paid at the rata of
nine per centum per annum and to~~ther witfi wch interesl shall be sacured by the lien of thif mortgage.
4. To perm:t, comrnil or suffer no waste, impairment or deterioration af said properTy or any part thereof.
S. To pay all and singular the coats, charges and expenses, including a reesonable attorney's fee and costa of abstracts af title, incurred ~r peid at
eny time by said MORTGAGEE, 6ecause or in the event of the failure on the part of the said MOR7GAGOR to d~ly, promot:y and fully perform, d~scharga,
sxecuta, effett, <omptete, comply w~th and ab;de by each and every the stipuiat~ons, agreements, tonditiona, end covznanTs oi said promissory note and thi~
mongape any or ei+her, and said costs, charges and expenses, each and every, sha~tl be immediately dua nr.d payable; whether or not the:e be r~otice da
mand, ettempt to colletl or svit pend~ng; and the iull amount of each and every such payment shall bear interess from the data thereof until paid et the
rere of nine per centum par annum; and alt sa~d cos+s, charges and expenses ~nturred or paid, tocerner wnh xuch interau, shall be secured by the lien of thi~
mwtgaye.
6. That (a) in the event of any breach of this Mortgage or default on the part of the IAORTGAGOR, or (b) in the event any of ~ald sum~ of money
herein referrod to be not promptly and fu~ly paic' wirhin th~rty (30) ~ays next after the same severally become due and payable, without demend or notite,
or (c) in the event each and every the sripularions, agreements, cond~~ions a~d covenanrs of sa;d uror,i(ssory note and th;s morfgape any or either are not
~uly, promptly and fully performed, d:scharged: zxecuted, effected, complered, complied with and abided by, then in either or any such event the iaid sy
pregate sum mentioned in said prornissory netc then remaining unpaid, vvith inte~est accrved, and all moneys setvred hereby, shall be<ome due and pay-
able forthwith, or thereafter, at the opr~on of sa~d MORTGAGEE, as fully and completely as if all of the aaid sums of money .:ere originally stipvlated
to be paid on such day, anything in sald prom~asory n~ra or in this Mortgage tc the contrary notwithstanding; and ihereupon or thereafter at Ihe opt+on of
. seid MORTGAGEE, wirhout no~ice or demand, suit at law or in equity, thereiore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured pnor to its inst~tution.
7. That i~ the event thar et ~he beginn~ng of or at any ti~r.e pending any a~it upon this Mortgage, br to foreclose it, or to reform {t, or to enforce
peyment of any claims he~eunder, said MORTGAGEE sha,~ apply io the Court having ju~~sd~ct~on thereof for rhe appointment af a Receiver, tuch Court shall
forthwith appoinf a receiver of sai~ mortgaged property all and singular, includ ny all and singular the income, profits, issues and revenues from whatever
wurce derived, each and every of wh~ch, it being express~y understood, is hereby mortgaged as if spec~(ica{!y set forth and described in the gronting and
habendum clauses hereof, and wch Receiver shall have ali the broad and effecnva funct~cns and powers in anywise entruaed by a Court tp a Receiver, end
•uch appointment shall be made oy such Court as an admirted eq~ity and a mrttcr of absol~te right to eaid MORTGAGEE, an~ withaut referente to the
adequacy or inadequacy of the value of the properry morrgaged or to the sc~vency or insolvency of said MORTGAGOR or the defendants, and that iuch
renrs, profit:, income, issves and revenues shall be applied 'oy such Rece:ver according ro the lien or equity of aaid MORTGAGEE and the practita of ~uch
Court.
8. To du~y, promptly and fully perform, discharge, exec~te, effect, complete, com~fy with and abide by each end every the atipulations, agreement~,
cond'+tionf and covenaMS ir. sa~d promissory note ard this mortgage set forth. '
9. That in the event the owr.ership of the mortgaged premises, or any part thereof, becomea vested in a perwn other than the MORTGAGOR, the
MOR7GAGEE, its 3uccessors and ass~gns, ma/, withour no~ice ta ine rv10RTGAOR, deal with such iucceasor or wccessor in interest with reference to thi•
mortgafle and the debt hereby :ec~red in rhe aame manner as wi~h Mortgagor withaut in any way vitiating or discharging the Mortgagori liability hera
vnder or upon the debt hereby secured. No sala of the prem~ses hereby morrgaged and no forbearance on the part of the MORTGAGEE or its successori
or assigns and no extension ci the !ime for the payment of r!,e debt h~reby secured given by the MORTGAGEE or its •uccessors or assigns, rhell operatn
to reiease, discherge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part.
1~. It is specifically ag~eed that time is of the essence ofi this cont!act and that no waiver of any obligation hereunder or of the obligetion se-
cured hereby ~hall at any time thereafter be he!d to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tien to the forego'ng month!y paym=nts of princ pal and inte~est required by the promissory r.o!e secured hereby, mortgegor tov~nants
and agrees to pay ro rnortgagee wi~h each mcnthly payment an add~rional svm c~t~n,a~ed by mortgagee to be equal to 1 j 12 of the annuaf tost of the follow-
inq:
A-A~! real property t~xes levie~ or assessed ag~i^st tnc above described reaf estare.
B--pramiums on fire ar.d windstorm insvrarce as h~re~n req~:red to be carrird on the improvements s~tuate on 'he above described premitrs.
C-Premiu:ns on such mortgaae g~aranty ir.svrar,ce as ~nortgagee shall from t-me ro t~me deem fit to carry on the loan sewred hereby.
Morigagee shzil from time to time no~ify mc~tgagcr ~n writ;ng of the amount d~e and paya6fe hereund~r and such svm shall thereupon be due a~d
payabfe on the due da!e of ~he r.ext month:;r payn,enr and e~ch successive month tFereafter ur~til mcrtgagee shall notify mortgagor of a change in such
emount. S~ch wms sha!I oe applied 'oy mortgagee to~.~ard tn~ payment of real property taxes, irsurante p~em;ums, and mcrtgage guaren4y insurance
premiums.
IN V~ITNESS YdHEREOF, ihe sa~d MOR7GAGOR has hereunto set his hand and seal the dey and y ar •firit aforesaid.
~~6igned, Se ed and d{ivered in the presence of:
C > ; /
; ~ _ Seal)
_ (Seel)
~ at)
- !Seal)
,~~;:t;rr:
STATE OF FLORIDA ~ ' ,
COUNTY GF ~~_Ii11Q~_ I ~ V,`' , .
Before me personally appeared _ K_P_I1T1@t~l L. Philli,ps ~
Marjorie A. Philli s ~ .
P_ his wife, to mc well knovi!n~ 7n~ ~k~+pwn to ms fb ba[
the individuals destribed in and who exewted the foregoing instrument, and acknowledged before me ihat they exewted thi~aarr`+t ~`f61. iht.pW~oses :
I~ariorie A. Phillips ' = ~ ~
~herein sxpresud. And the said ' ~ ' . . r~"'•
. r' •
wife of tha ~aEd K822'78 ~h - L+_L_ Phi
11
i~J 3 u~som ~4:9dppr~~lp~,~~ ~irst~. :
examination by me taken separate and apart from her sald husband, acknowledged to and befare me that she axecuted said irtttlqmer~ ~!tr{y~and;v~un-
tarily and wiihout any compu!sion, constraint, apprehen4jgn, or fear of or from her said husband. f:'~~ t"~'
U
WIiNESS my hand and offic~al saal this__ day of ~Y.S _~:.,,,~~K.'•`ER"1~~
. ~ " ~
-
Notary Pu ic in and fur the State of fbride at Large
My Com ~ssian ezpires:
iteturn To:
First Federal Savings b loan Associatbn °!0±'!y ~~~h~'';. ~~'f'' 0~ ~~~e
.;QttFW.l. P:erce. ~~,D ;,1 i r:~~~1r71 SG ot1 C_xj~.f~n A,liij. l~o~
0 K ,,y ~~,-~ty Co. ci h. Y.
. ~,•r~~.~~a~,,~fo~~d C ~~n •
4'~v~..'~~e.~~. ~'~1 ~ C_ •
: ~ ~ O/
~ ~ IN PATMENT OF TAXt3
' aJ; OT !1'• ..hz ~ RECEIVED ~ ,C. INTANG18LS !'ER50MAl PROPAT~o
~~rJ~ rrl~1••: - ` ~L DUFON ClA5-
P~ • 4 PUR3ttANT TO CHAPTER 20724, ACTS OF 1941~
~ . ~ c . ~G R „r ~ ~ ~ ~ C~^rk Circ~~t C' urt
,4u ~ln~ y ~ 'K asA~< <f_~ 'I:,M.JA"~"~
~1;., ~ i.. ?~,5 ~ LE.R n ount Tax C ior
~ r'•. • sr. ~:~~P c, r ~
,F~~';.~~; ~ o~`~`~~ ~,~c~~ ~°a • pEPUTY GLfRK~"
, R L ~ R1D ~X
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