HomeMy WebLinkAbout0078 And said Mort,agors. for fhemselve~ ~r,~ the~r hrirti, lagal reprasentetivtrs, wccesso~i •nd ass;qns, hereby jo~ntly •nd a~verolly coven~nt and ~qrse
to and w~th the se~d MORTGAGEE, ire svccrssors a~~d ass~gn~:
I. To pay ell and sinyular the pr;nt~pal and inrerest and the various •nd tundry •umt of money pay~ble by virtue of ~aid promiitory not*, erid thi~
rno~tgage, each end every, prempfty on the day~ respect~vely rhe same sev~rolly become dua.
2. To pay all an~ ilng~lar the taae~, asses~ment~, levies, liabilitie~, obligations and ancumbnnce~ of every natur• and kind now on taid de~tribed
properry, or that he~eafter n,ay be ~mpoted, wtfered, plxed, lavicd, or asiessed thereon, ar that hereafttr msy b~ levied or ~~?esstd upon thf~ Mortq-
ege, or the indebtednesn ~ecured he~eby, each and e~ery, when due •nd payable, accordin9 to law, before they betom~ dalinqutnt, snd befor~ any inttrtN
anaches ur any penalty ~s incurred; AND INSOFAR AS ANY THEREOF I~ Of REtORD THE SAME SHAII BE PROMPTLY SATISiIED AND l)ISCHARGED OF
RECORD AND THF ORIGINAL OffIUAL DOCUMENT ~SUCH A5, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSED
OR CERTiFiED) SHAII BE PIaCED ir~ THE NaNDS OF SAID MORTGAGEE WITHIN TEN bAYS NEXT AfTER PAYMENT, and in the eveM that any theteof it not
paid, sat siied and diseharqed sa d:'ORTGAGEE may at any time pay the same or any part ther~of wirhout waiving or affecting any oplion, lien, equity or
.~qhr undrr oi by v~nuc oi thn mo~rgage and the full amounr of each snd every s~ch paymtnt ~hall be immed'+ately due a~d pay+ble and thall bear interest
~rom ine date rhereof uniil pa:d ar rate of eight per cent~m per annum and together w~th such imereN •halt be setuied by the lien of th:s morqtape.
3. To pl~ct ~nd co~t!nuoufly keep on th~ Nuildiny~ now or har~~ft~r aitu~te on said I~nd ~nd on ~II equipmsnt ~nd p~nonalty tov~rtd by this mort¢
ap~, with rl) prerniums therwn pa~d in full, fit~ ins~rsnt~ in tha u~ual ~t~ndsrd ~olity form, in a~um •pp~oved by th~ MORTGAGEE, •nd windstorm
insur~ru~ In tM usuai ~+anderd policy form, In a•um approvsd by th~ MORTGAGEE, in tuth company or companies ~s tM h10RTGAGEE m~y
dirsd; •nd ~II fir• and winditorm ins~rence policie• on any of •eid build~ny~, ~ny interest fherein ar p~rt thersof, in th~e ~ggreyate ~um ~forei~id or
in •xuss tlx+reo!, thall contaln the usual ~t~ndard mortgefle~ clause or wch other tl~uie the Morly~ye~ may r~q~ir~, mskiny th~ los~ undsr fsid poi{-
ciei, rach ~nd every, psyable to said MORiGAGEE ae it~ intarest may sppear, and e~ch ~nd every such policy shall bt promptly asa.yned and deiivered to
any held by wid MORTGAGEE ai f~nher sewrity to said mw+gage debt, and, nof leu than ten (10) d~y~ in edv~nce of the ezpiretiwn of tr~th policy, ro dr
liver to teid MORT^vAGEE a~enewal thereof, together with e receipt for the premium of such renewal; ~nd thera •h~ll be no fire or wind~torm inavrance
pixad o~ sny of iaid bui!dinga, any intereat there~n or part thereof, unlesa in t'he form and with the Ios~ payable as sfore~sid; and in tha event any ~~m
of money becomes peyab!e under •uch policy or poGcies ~eid MORTGAGEE shall havs the option to receive and epply the sama on aaount pf tha indebted-
ness tecuved hereby or to perm~t sa~d MORTGAGORS to teteive end usa it or any part thereof for other purpases, w~thout thereby waiving or impair
In9 ~ny eq~iry, lien or ri~hr under or by virtue of this mortgeqe; and in the event tsid MORTGAvORS ~hall for •ny reewn fali ta keep ths ~aid premiset ~o
infured, or fail to deliver promptfy •ny of ~eid pol~ciet of i~turance to seid MORTGAGEE, or fail prompt~y to pay fully any premium therefor or in any
respect fsil to perform, discherge, execute, affect, tamplete, comply with and abide by this covenant, or any part hereot, ~aid MORTGAGEE may piace end
p~y for wth Inturonce or ~ny part thereof without weiving or effecting any option, fien, equity, or right under or by virtue of this Mort9rye, •nd th~
f~ll smovnt of eech and every such peyment she!i be immedietely dve and pnyable and ~hall bear intere~t from the date thereof ~ntil paid at the reta of
nine per centum par annum and together with such ir~terest ihall be secu:ad by the lien of this mortflsge.
4. To permit, commit or au#er no weife, impairment or deterioretion of teid property or any part thereaf.
5. To pay ell and tinguler fha costs, charges and expenies, including a reasonable attorney'~ fee and costs af ebstratt~ of title, incurred or paid et
any time by ieid MORTGAGEE, becsuse or in the event of the feilure on the pert o4 the aaid MORTGAGOR te duly, promptly •nd fully perform, diicharg~,
•x~cute, effect, complete, comply with and ab~de by eech end every the ~tipulatiom, ~greement~, conditiont, and covenan!f of iaid promiiwry note ~nd this
mortgape any or e~ther, and ~e~d costs, charges and expenses, eech and every, shall b~ immediately d~e and peyablr; whether or not thare b~ notics dr
mand, ~ttempt to collcct ar suit pend~ng; and the full emc+unt of each and e~ery s~ch peyment thall bear intere~t from the data thereaf until paid at the
rate of nine per cenium per ennum; and all said cofts, charqes and expense3 inturrod or paid, fo~ether with such intere~t, shall Ix securad by the lien o1 thi~
m~ortpape.
b. That (e) in the event of any b~each of this Mortgege or defeult on the part of tha MORTGAGOR, or (b) in the evant •ny of taid sum~ of money
here+n referred to be not prompNy and fully patd within thirry (30) days next after the sama ~everetly become due and paysble, without damand or notice,
or (c) in the event each and every rhe ~tipulation~, agreementi, conditiom end covena~» of ~a~d promiswry note end thia mort9ege eny or either ere not
~uly, promptly and fully performed, d~scharged, e~ec~~ed, effected, completed, compfied with end ahidcd by, then in either ot any wch svent the ~~id ~g~
yrcflate tum mentioned in taid promissory note then ramaining unpaid, with +rterest acuued, and eil moneyt sec~red hereby, shall bet~me dus end pay-
a61e forthwith, or thereafte~, et the option of iaid MORTGAGEE, es fully and <~mpleteiy ee if a!! of the said svms of money were originslly ~ripuleted
to be pa~d on such day, anythir.g in se d p;omissory note or in this Mortgage to the contrary notwithatandinA; and ihereupnn o~ thereeher •t the optian of
•aid MORTGAGEE, without not~ce o: demand, svit at ~aw or in equity, therefore or there~her bequn, may be prosewted a• if ell moneys sacured hereby
h~d matured anor to its instit~tion
7. That in the event that at tha bcginning of or at any time pendir.g any ~uit upon this Martgege, or to foretlose it, or to rcfcrm it, or to enforce
peyment of eny tlaims hereunder, said MORiGAGEE sha;l apply tn the Court havinq jurisdiction thereof for thm appaintment of a Receiver, iuch Coun •hall
Forfhwith appoin4 a receiver of sa~d mortgaged property ell end eingular, indud~ng all and tinguler the income, profitf, iisuea and rcven~ef from whatever
wurce derived, each end every of whlch, it being expreisly understood, ia hereby mortgsged e~ if spec~fica!ly set forth and deacribed in the yrantin9 end
habendum cleuses hereof, an~ svt.h Receiver shall have ali the broed and effective funct~oni and powers in anywise entrusted by • Court to a Receivtr, end
~uch eppointment shali be made by such Court as an admitted equity and a mat4sr of ebsolute right to teid MORTGAGEE, end without reforenc~ to the
adequacy o+ inadequocy o4 the value of the property mortgaged or to the sotvency or insolvency of ~eid M~RTGAGQR a the defendenn, and thet such
rantt, prefit~, incoma, issuec end reven~es shall be applied by such Receiver according to the I~en or e4~ity of said MORTGAGEE and the practice of ~uch
Court.
8. To duly, promptly end fu11y perform, distharga, execute, effect, complete, comply w~th end abide by each •nd every fhe stipulationt, ~y~reement~,
condition~ end covenants in aeid prom~s~ory nofe and this mortpage ~et forth.
9. Thet in the even! the ownershi~ of tne morigaged premites, or eny p~~t thereof, besomea vastsd in a person other than tM MORTGAGOR, the
MORTGAGEE, ita succes~or~ and easigns, m~y, without norice to rhe MORTGAOR, deal with s~ch succeisor or tucceesor in interest with reference to thit
mo~t9eye and the debt hereby aecurad in the same menner as with Mortgagor w~thout in any way vitiating or ~d~fcharging the Mortgaflari lisbility hert
under or upon the deb~ hereby secured. No sale of the prcmEse~ hereby mongeged snd ro forbearance on the part of the MbRTGAGEE or itR tucces~art
ar assi9ns snd na extensian of the time far the peyment of the debt hercby tecured given by the MORTGAGEE or it• ~utctssort or easiQna, ~hall op~rat•
b relsss~, d;uharpe, modify chanfls or effett the orig~na! liebility of the MORiGAGOR herein, either in whole or in part.
10. It if ~peciflcaily agreed that timr_ i~ of the esssnce of this tontrect end ihat no waiver of ~ny obligstion hereunder or of the obliy~tion u•
cursd hereby shsli et any time thereaftcr be held to be a waiver of the hrma hereof or of the ins~r~ment secvred herby.
I1. in addition to thr forego(r.g monrnly aayments of p~inc pel ar.d interest req~~red by the prom~ssory nofe iecured hereby, morigagor covene~ty
and a9rees to pay to mortgagee with each montFly paymant an edditional wm estimated by morrycnee io oe equel to 1/ 12 of the ennual cost of the foiio•H-
inq:
A-All rea! ptoperty taxe• Itvied or eesessed against tfie above described real esrate.
6-Prer»~~rr.i on ff~~• w~~~~•~s,;:r~.~ i„surance a~ herein roG~ired to be carried on the ~mprovernents ~it~ate on the sbove described premites.
C-Premiums on auch mortgage g~aianty insuronce as mortgeqee thall from timr to time deem fit to cerry on the Ican ucured hereby.
MQrtgagee •hall from time to time notify mortgagot i~ writing of the emounT due and payabla hereunder and such sum thall thcreupen be due •nd
peyabla on the due date of ths next monthly payment and each successive month thereafter unti! mortgagee ihall notify mortgagor of a change in suth
smount. Such wma •he!I Fe applied by mortgagee toward the payment of real property texe~, insurance premiumt, snd mortgage yuaronty insursnce
premiums. ~
n iN WiTNE55 WHEREi7F, ihe e.id MOR7GAGOR ha• hereunto tet h+s hend and seel the day yeer fi~st ato~eseid. ~
Siy S~~ted •rtd li e !n ths presence of: F I L r i'~ ~ C~ ` C
. , (~'LC1~ t~~CD.C~__~' ~ .~(5.a~
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STATE OF FLORIDA Y( • '
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Ca~~Y ~F .~i Li . ~U ~ ~ - 11 i; ' - ~ . ' . . . v l. ~ 1~1 ~ .
6~fws m~ pa!wneNy ~ppsare~ _ ^-~~'t~~ i~ ~r ~a~ Y. snd
i~i~U.~O~CC--' hi~ wifs, to m~ weil known ~nd known ro m~~to b~
1M 1~'tvidwb cieltribed In •r.d who sxxuted th~ fors9~in~ i~~frument, rrw acicnowl:dgsd befor~ me that fhey ~xKUtsd thi. am~ for tM pixposb
tti..~ri'szptei~t«i, ,4n~il. rh. w•~d_.~.._~~ i+i ~ dT'~d Hcak~..._ '
s~~ rf fih~ s~Id ' .TO}'11'] P H k~ upon r wp~?ita •nd p?iv~~•
-~ximina4ion by mo taken;ysparote and apa*t from her seid F.utb~nd, scknowlsdqed ~o and before rn~ ihet •he executtd ~sid tnttrument fr~aly srod volurr
~?ari,hr ~nd wit~ho0t •~y cdinpulaion, conitraint, epprohe~ni~ion r fear of or from htr uid husb~nd.
1NITNESS my fund-~nd offic~e! seal tfiis~.._L day of N~ ember A. D. 19....~~.
~ ~ Notery Public in and fo St~t~ ai Floride at larp~
_ • My ~ommission ~xpirs~
Retum To: ~
!Citiz~m i~d~ral Swiny• 8 laan Aawcation f ~e`."•`°
of S1. lusts Covnty , , , . - ; . i. .
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Pt, PIerC~, floride -
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