HomeMy WebLinkAbout0388 And feid Morrgagors fo~ ~hrT~aelves end ~heir he~rs, Iega~ rspresenUtivaf, ~uccessa• ~crd ~ssiqni, Mreby jointly end wva~lly cownant •nd ~yrre
to and with the sa~d M7RTGAGEE, ~TS wccassors and aasiy~s:
1. To pay all end singular the princ~pal and inte~e~t and the varioui and wndry fum~ of money pay~ble by virtue of i~id promiisory not~, snd ihir
mortgage, each and every, piomptly on ihe day~ resprcrivety rhe same tev~~allv become dw.
2. To pay ail and fingula~ the taxes, astessment~, levies, liabilirirt, oWigation~ ~nd fMUmbr~rKes of ~vt~y naturs snd kind now on •~id d~scrib~d
property, or that herea(ter may bc impoud, wffered, pl~ted, levied, or +stiessrd thereon, w tMt Mr~affer may b~ lavi~d a a~ieued upon thii Mortp-
age, or the in~ebtedness ~ec~red hereby, e~ch and every, whrn due and payable, accwdi~y lo law, befo?e they becom~ d~linquent, •nd befor~ •ny int~r~ft
attaches or any penatty ~s ~ncurred; AND INSOfAR A5 AtdY THEREOF IS Of QECORD TlIE SAME $HAII Df PROMPTIY SATISFIEO AND DISCHARGED OF
RECORD ANO TtiE ORIGINAL OFFICIAL DOCUMENI (SU~H A5, FOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACTIdN PAPER OfFIClAIIY ENUORSEQ
OR CER~iFIED) SHALI BE PLACED IN 1H~ MANDS Of SAID MORTGAGEf WITHIN TEN DAYS NEXT AFTER PAYMENT, ~nd in the evenT that any thereof i~ nai
p~~d, aat~sfied and d~scharged sa:d MORTGAGEE may at any t~me pay the •ame o~ any oart thereof without waiviny or ~ffetting any option, lisn, equity or
.:qh~ ~nder or by v~nue of rh~s mortgage and !he full amount of each and every wch paymem shall be immediately due and payoble snd shall bear int~ta~~
from ihe da!e rhereof ~nt~l pa~d ar rate of siyAt per cenrum per annum and together w~th such imerest shall be secured by the lien of th:~ morqtaye.
3. To plx+ and cw+tlnuouily k~ap on tM b:rildinys now or h~rwft~r ~itvatr on s~id I~nd ~nd on ~I~ equipm~nt ~nd ptrwn~lly towr~d by thl~ mwt¢
with •II pnrr+ivma tMr~ p~id in full, fir~ inwr~nc~ in tM usu~l st~rdard policy form, in •~urr~ ~pproved by tM MORTGAGEE, ~nd windstwm
Inawrints in tM usu~l •tand~rd policy fwm, in • sum rpproved by t1K NlORTGAGEE, in wch company or com~nies tFw A10RTGAGEE m~y
dir~ct; ~~d •II fire ~nd windstorm irtsur~nce poli<ies on any of uid buildinq~, any inter~st therei~ or p~rt therwf, in the pqrepat~ ~um ~for~s~id w
In ~xc~ss thereof, sMll co~t~i~ rhe u~val ~tenderd mwtqsqe~ clause or such otMr clw~a the Morty~qe~ m~y ritquir~, mekinp the lo~s und~r said pol{-
ci~s, each ~~very, payeble to ~~id MORTGAGEE as i» interest may appe~r, and each and avary suth policy ahali b~ prompNy aa,yn~d ~nd delivt~ed to
•ny hatd by a~id MORTGAGEE ~s further accurity to s~ld mor+p~ge dcbt, rnd, not less tFu~ ten (10) d~yt tn advanc~ of tM •apir~tinn of e~th poliry, to d~-
liver to ~aid MORTGAGEE + renewal rhereof, toqether with • reteipt for the pr~mium of ~uch renew~l; ~nd there ihall b~ no fire or winditorm in~uronce
plxed on any of said b~ildin9~, sny intereat thsrein or pert thereof, unless in tM form •nd w~th tha lou psyab!e as afores~id; and in the event •ny sum
of money becoma~ psy~bte under ~uch policy or policies said MORTGAGEE shall hava the optlon ta receive •nd eppiy the t+me ori ~ccount of the indebred-
nrsa eecured hareby w to perm~t sa~d MQRTGAGORS ro receive arrd u~e it or any parl thereof for other purposes, without thereby waiving ot impair•
Iny •ny ~qvity, lien ar rigM under or by virtus of thi~ mortqaye; •nd in the ~vent a~~d MORTGAGOR5 shdl for •ny reaton fail to keep the faid premisc~ ~o
inaurad, o? fail to deliver promptly any of aaid policie~ of in~ur~~c~ to ~aid MORTGAGEE, or fail promptly to pay fuliy •ny p~emiurr' rher~sfor or in eny
raspect fail ro perform, d~scharge, execute, effect, complete, comply with snd sbide by thii taver±ant, or e~y pert hereof, said MORTGAGEE msy plete and
pay fw such Imurance or any part thereof without weivinfl or affectin~ any option, Iicn, equity, or right under or by virtue of this Mortyeqe, ond the
fvll •mount of sech •nd every rvch peyment shafl be imme~'ately due and payeble and shall besr interett from the dats ths:eof until paid at the rote of
nin~ psr cenF~m per snnum and together wirh such interest shall be ~ec~red by the lien of this mortysye.
1. To permit, commit or suffer no waste, impairmeni w deterioration of said property or any part thereof.
• 5. To pay ell and iingui~r ths castx, cherges •nd expenses, includiny • reef~onable ettorney's fee end tosts af ab~tnct~ of title, incurrad or paid af
sny tima by said MORTGAGEE, becauu or i~ the event of the fe~lure on the ~en of the ~aid lNORTGAGOR to duly, promp~ly and ful~y perform, di~charge,
~x~c~ta, effect, complete, comply w~th snd abide by each end every the itipulatioru, a9reement~, conditioni, snd tovenents of ssid promis?ory note ~nd this
mortg~ye sny or either, and seid costa, charges and expenses, each and every, thsll be immedietely d~e and payeble; w'hether or not thers be notice dtr
mand, sttempt to colirct ar suit pending; and the fu11 amount of each and every tuch peymtnt tha~l bear interest from the date thereof until peid ~t the
rare of nine per centum per ennum; and all said cosrs, charqes and expenses incurred or p9id, together with such interett, •hall tx tacured by the lien of thia
mortp~qe.
6. That (e) in the edent oi any breach of thi• Mortgnge or defeult on the paA of tha MORTGAGOR, or (b) i~ the event ~ny of said tums of money
hsreln rofcrred to be not promptly and ful4y peid within thlrty (3Q) days ncxt after the •rme teverelly bccome due end paysbie, without demend or notice,
or (c) in th~ event each snd every the iripulations, sgreements, conditio~• end covenanq of sa~d promiiwry note and th~i mortpaye •ny or eitMr ~re not
july, promptly and f~lly periormed, d.scharged, exec~fcd, effected, comploted, complied with end ebided by, then in either or eny tuch event tha said ~y~
prey~te s~m mentioned in said promi3aory no~e then remaining unpaid, with ir.tere~t eccrued, and ell moneys tetured hereby, ~hall betome due end pay~
sbla forthwith, or thereafter, at the ootian of said MORTGAGEE, as fully ar+d completely a~ if all of the teid sums of money were origin~lly ~tipulsted
ro be peid on s~ch dey, anything in sa!d promissory note or in rhia Mortg~ge to the co~trery notwithstsnding; and thereupon or there~ftsr at the option of
taid MdRTGAGEE, without notice or demand, suit et lew or in equity, therefore or lhere~irer bep~n, may be prosecuted e~ if sll moneye secured Fwreby
hsd matured priw to it~ institulion
7. That in the event that et the beginrring of or et any time pending eny Yvit upon thi~ Mortgege, or to foreclose it, or to reform it, or to enfores
payment of any cleims hereunder, said MORTGAGEE shatl apply to the Gauri havinq jurisdiction thereof for the appointment of e Receiver, •uch Court sh~Il
fonhwith appoint a receiver of said mortgaged property a!i and aingular, includ~ng ell and singule~ the income, profits, iasuet snd revenuef from whetever
wurce derived, e~ch and every of wh~ch, ii beiny expressly understood, i• hereby mortg~fled as if spec~fically ut forth and describad in ths qrentinp and
hebendum deusei hercof, end suth Receiver ahall Fuve ell the broad and effettive functions •nd powert in enywise emrufted by e Court to b Receivrr, end
tuch rppointment sha11 be made by s~ch Court aa en admitted equity and s matter of eb~olute right to uid MORTGAGEE, and without ~eference to ths
~dequacy or inadequacy of the value of the property mortgaged or to thtr solvency or inwlvency of ~aid MORTGAGOR w the defendenn, end thef ~uth
rent~, profit~, ineome, itaues and reaenues shall be applied by s~ch Receiver accord~nfl to the lien or eq~ity of seid M'JRTGAGEE artd the practice of such
Court.
8. To duiy, promptly and fu!ly perform, discharge, execute, effect, co~nplete, tomply w~th and abide by sech end every the ~tipulatiom, agreementt,
condition~ ~nd covenants in said promissory note and this mortgage tet iorth.
9, Th~t in ttm event the ownersh~p of the mortgayed premi~ea, or any p~rf thertof, becomes veste~ in ~ person othaf than tha MOkTGAi'iOR, the
MORTGAGEE, it~ aucceuors er.d essigns, may, without notite to tht MORTGAOR, deal with such t~ccesso~ or wtcessor in interest with reference to thi•
mort9s9a s~d the deb~ hereby sec~red in the ssme manner aa with Mort9eyo~ witho~t in any way vitiatinq or ~dischargin9 tha Mortqagors' liebilify herr
under or upon the debt herehy ucured. No sa~e of the premises hereby mortpeged •nd n~ forbearante on the part of the MORTGAGEE or iti suctes?on
or assi9ns a~d no exte~s~on of the time fw the peyment of the debt hereby secured given by the MORTGAGEE or it~ ~uccessort or assi9na, shali optrst•
h9 nl~as~, discMrg~, rrwdify charye ar sffcct the original liability of the MORTGAGOR herein, either in whole or in pert.
10. It is sprcificelly egreed that time is of the eisence of thi~ contract and that no waiver of any obligarion herevnder or af tM qbdi9~tiqn te-
curod hersby shail •t any tima thereafter be held to be e waiver of the t~rms heraof or of the instrument sec~red herby. .
! 1. In sddition to the foregoing monthly payments of princ pal snd interest required oy the prorn~ssory note seturod herebr; ~mbftq{po?•tnvenpr~h
•nd sgreos to pay ro mortgagee with eech monrhly payment an •dditional s~m estimated by mor~~~qee to be equal to 1/12 of the ~++~e1'a0~t bf, the fo%qw-
i~: , .
A-All ro~i property texes Icvied or asnesxd ageinat the above deuribed real ea~are.
9-PremiUma on fire and windsrorm insvrzrce at hercin requ~red to be cerried on the improvements situate on the above descr~ii! fS~irmises.
C-Premiums on such mortgagx gua+anty insurance aa martgagea thall from time to time deem fit to carry on the ko0n iecbrred herekiY• •
Mortgagee shall from time to tlr.ne norify martgapor in writing of the amount due and payabte hereunder and such sum aFla{I tFierwpan be dw •rK~
paysbl~ on the dw dats of th~ next rrsonthly paymenr and eeth succesaive month thereatter ur,til mortgegee shall notify mortgisjCC cZf•p, change in ~OCh
rmount. Such sumi ~he!1 be appl~ed by mortgagee toward ihe psymen! of real pro~aerty taxes, i~suronce prem~urm, and morigage' Q~innty:. i~s0iante
p~em{vms. •
IW WiTNESS WHEREOF, th~ seid MCRTGAGOR ha• hereun4o tet h+i hand end seel the day md yesr first nforesaid. '
s;fl~»d, ?.~a .~a de~~ th. prese++ce of: F'! L Pl~, ~ C 0 D E D 7~ ~ 7~-~ ~ .o
- . ~TTICt~i_ ~~SQ~~ ~ C K ~ b .n
~ J. H rtin Attorne,y In racr~t.,~
J~~"`~~~V or~ Joan Mi dred Martin
(ss.q
4 '65 f~!r'~' 2 2 P~~± 3: 2
37ATE Of FLQRIDA ~ ; ` $ '
S t . Luc; i e ~ • : :
courm oF : . - , , - ~
~ . H • Mar~'3~r ~iTid3u~a~ ~ : Y~d as Attornev _ xxx,xix
in Fact f~r n Mildred Nfart~ i~ ~ J" ~~t„„, „,.u k~W~ and known to ~ ro
ths ~dividu~,ds~cribed in and who sx~cuted the forpoiny in~trumtn, ~ owledg~d befa~ me th+tJ6~w~Cez~c~tsd 1M ume fw tM pvrpote~
tiea~in ; ~fq~~,Y!~ -
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