HomeMy WebLinkAbout0649
, And e,~d h"o~~gaqo~s fo~ !hr?'srives and the:r heirs. lege~ represrntatVve~, successory snd auigns, I~ereby jaiMly end ~evarsliy covRnent •nd •qi~re
to and v.irh the sald h1ORiGAGEE, s~~ccessors and aavgna:
1. To pay ri ar.d rngular the pr~nc~F~al and interest aed the var~o~s and wndry sum• of money payable by virt~e of faid promisfory nota, ~nd thi~
rnortgage. each and eve~y, p~omptly on iF,a days respectively the same stvsrally become due.
2. To pey all and ~~nyula~ thP ra,ces, assessmenrs, levies, liabilit~ei, obl~gation• and enwmbrsnce~ of every nat~re and kind now on sa~d dasa~bsd
property, or tha~ hereafrer may be ~mposed, euffe~ed, placed, levicd, or asaes~ed thereon, or that hereafttr m~y ba levied or s~ieaed upori ~hi• Mon9•
age, or the indeb~edness sec~red herehy, each ana every, when d~e and payable, atcording to leu, before they become delinquent, •nd belora ~ny interesf
ai~aches or any {~ena~~v ~s u,curred; AND INSOFAR AS ANY THEkEOF IS OF RECORD THE SAME SMALL BE PROMPiLY SATISFIED AND D~SCHARGED Of
RECORU AND THE ORIG'~Al OFFICIAI DOCUMEVT iSUCH AS. fOR INSTANCE, TNE TAX RECEIPT ~R THE SATISfACT10N PAPER OFfICIAILY EN~ORSED
OR CERi1Fi'D; SHAII BE P~ACED IN TH[ HANDS OF SAID MURIGAGEE WRHIN TEN DAYS NEXT AfTER PAYMENT, and in the evrnt thet any thereof if not
pa~d, sat sfied and dlsct~a~qed sa d ~.10RTvAGEE may at any tlme pay tne same or any part the~eof without weiving or effec!ing any opt;on, lien, eguity or
•~qht uncier or by a~rrue e~ ih~s mor~yage and ~he full amoum of each and evzry iuch payment ehell tx immedietely due and payable and fhall bear intere~r
~rom thr dnre ihereof ~nrJ pa.d at ra~e of eight per centum per enn~m and toge~her w~th such interest ~hali be sec~red by the lien of th's morgtege.
3. To pl~c~ and continuously keep on the buildinq• now or her~~ft~r •itu~ts on ~~id lend and on all equipment •nd psnon~l~y tov~rrd by this mortp-
~p~, with •II pnmivm• rhereon paid in full, fire in~uranc• in the ~~~al star~ard policy form, in a ~um spproved by the h~ORTGAGEE, snd windstorm
Iniur~np in the ui~al •randard po'icy form, in a~vm ~pproved by the MORTGAGEE, in wch tompsny ot comp~niss N tha A10R7GAGEE m~y
dirxt; and all firs ~nd windstorm ins~ronce policies on any of ~aid build~n9~, ~ny interest therein ar part thereof, in th~ ~99rr9ete sum ~foressld or
In excaa theraof, •hsli conrain the ue~al s»ndnrd mongagee clau~e or such other c!suae u rhe Mortg~gee msy requir~, m~kinp the los~ u~der se~d poli-
cie~, each ~nd svery, peyebte to •eid MORTGAGEE e~ its ~ntere~t mey eppear, end eech end every ~~ch polity •h~ll be promptly •u.yned and delivered ro
am~ hald by ~aid MGRTGAGEE fuirher sec~r;ly ro said mor+gega debt, end, not lau then ten (10) d~y~ in advance ot the expiration of e~ch policy, to dr-
liver to ~eid A10RTGAGEE a renewat the:EOf, together with a rece~pt foi the premium of ~~ch renewal; and there shell ba no flre or wind~rorm insuronce
pleced on sny of ie~d buitdi~gs, any inrerest there~n or pert thereof, uniess in the form ar.d with rhe los~ payable s• afore~eid; end in the eve~t any ~~m
of money become~ peyable under •uch policy or policies said MORTGAGEE shall have the opt~an te receive and epp~y the ieme on ecco~nt of the indeb!ed-
nst~ ~ecured hareby or ro perm~t said MORTGAGORS to receive and use it or any pnrt the~eof for other purposes. witho~t thereby wai~ing or impalr-
ing •ny ec~u~ty, li~n or right under or by virtus of this morrgage; end in the event sa~d MORiGAGORS ahall for any reason fail to keep the ~eid premise+ so
ins~red, or fail to deliver promptiy any of said poi~c~es of insurance to ~aid MORTGAGEE, or Faii promptly to pay fully any premium therefor or in any
re~ped fail to perform, d~s[harge, execote, effect, complete, comply with and abide by this covenam, or eny part hereof, said h10RTGAGEE mey p~ate encl
pey for svch Inau~ance or my part the~eof withuut waiving or affecting eny option, lien, equity, or right under or by virtue of this Mortgage, •nd the
full emount of eech end every s~ch peyment shal; be immedietely d~e and pnyeble snd shall bear intereit from the dete thereof until paid at the rate of
nine per centum per nnnum and together with 3~ch interest shaii be secured by the lien of this mor}gege.
4. To permit, tommit or suffer no waate, impairment or dete~ioration ot ssid property or any part thereof.
5. To pay ali end tinguler the costs, charges end expenses, incl~ding a ressonable attorney'~ fee and tost~ of ebstract• of title, inturred or paid et
any tima by teid MORTGAGEE, bece~~e or in the event of the feilure on the Hert of ~he seid MORTGAGOR to duly, promptly and fully pe:ferm, di~charge,
•x~cute, effect, compiete, comply with and ab~de by each and every rhe itipulations, agreements, tanditio~~, end covenant~ of teid promisiory no~e end thiti
mortgege any o~ either, and sa~d coirs, charges and ezpenses, each and every, ~hail ba immedietely dua and payable; whether or not there lx hotice de
mand, attempt fo coilecr ot suit oentl;ng; and the fvll emount of eath end e~ery suth peyment iho~l bear inre~est from the dare thereof until paid et the
rate of n~ne per centun, per annum; and atl sa~d <os's, charqes and expensea inc~rred or peid, together with s~ch interest, ~hall ba eeeured by the lien of this
mortpaqe.
6. That (a) in the tvent of any breach of tnis Mortgage or defauit on fhe part of the MORTGAGOR, or (b) in the event any ef teid sum~ of money
herein roferred to be not promptly and `ully pa~d wlrhin ~h!;ty ;30) days next after the snme •everolly become due end paye~le, without dtmand or no+ice,
or ~c) in ths event each end every rhe aNpulaiions, a^,reemenrs, condifions end covenents of ae;d prom;ssory note and th~t mortgege any or either are not
~uly, pramptly and f~l:y performed, d scharged, exewted, effected, completed, compiied w~th and abided by, then in either cr any s~ch evem the seid efl-
preflate ~um mentioned in ~aid premissory nore then remaining ~npaid, with interest accrued, and s~l money• secured hereby, ahell become due and pay
aql• Forthwith, or thereafter, at rhe option of said MORTGAGEE, a• fully and tompletcly as if ell of the iaid fums of money wcre originaliy stipvleted
to be paid on such day, anything in sa:d promissory note or in this Mortga~e to the controry notwithetending; and thereupon or thereafter ai ihe option of
taid MORTGAGEE, w~thout nor;ce or demand, suit at law or in eq~isy, therefore or thereefter be,gun, may be proeecured es if all moneyi ucured hereby
had metured pr~or to itt insritvtion
7. Tha! in the event fhat at the beginning of or et any time pending eny •uit upon this Mortgege, or to foreclose it, or to reforrn it, or to enforce
payment of eny dalm~ hereundar, aaid MORTGAGEE shall apply to the Co~rt hevinq jurisd~ction thereof for tne appointmrnt of e Receiver, wch Court aholl
Forthwith appoint e receiver of aaid mortgayad property all and singular, indud~ng a!I end singular the income, profit~, i~iues and revenvef from whelever
wurce derived, eech and every of whkh, it being expret~Iy under~tood, i~ hereby mortgeged as if specitically set forth anc! described in the grenting end
hsbAndum clauses hereof, and such Rece~~er shall hava ell the broed end effecrive funttlane and powers in anyw~:e entruated by a Court to a Receiver, end
r~ch eppointment shall be made by such Court a~ an edmitred equity and a matter of ebsol~te right to ~eid MORTGAGEE, end without reference to the
adequacy or inadeq~acy of the value of thr property morigaged or to the so~vency or iniolvercy of said MORiGAGOR o~ the defer.dent~, end that wch
rents, profiri, income, i~s~ea and reven~es sha11 be eppl~ed by wch Receiver eccord~nfl to the lien or eq~ity of iaid MORTGAGEE end the prectice of wch
Court.
8. To duly, promptly end fully perform, discharge, exacute, effett, complete, compfy w;th and nbide by each and every the ~tipulationt, egreementt,
condition~ and covenents in said Fromiesory note end ~h~s mortgage •et forth.
9. That in rhe event the owne~sh~p of the mortgaged premises, or any part thereof, becomes vested in e person other than the MORTGAGOR, the
MORTGAGEE, i» aucceston and aasigns, may, without notice ro the MORTGAOR, deal with such wccrssor or svccessor in interest with reference to ihi~
mortqapa end the deb! hereby secured in the same manner a~ with Mortgagor witho~i in any wey v~tiating or ~dncharging the Mortgagori' IiabiHty here-
under or upon the debt hereby secured. No sale of the prem~see hereby mortgaged •nd no forbearance on the part of the MORTGAGEE or it• w~ceswr•
or e~sigr.t snd no exransion of fhe time for the paymem of 1he debt hereby ucured given by Ihe MORTGAGEE or its ~cccessor• or aas~gnt, shall oparats
ro nl~~se, d~~char~e, modify chenge nr effect the crieinal liebility of the MORTGAGOR herein, either in whole or in part.
10. It i• sperfically agreed that t;me ii of the essence of this contrsct end thet no waiver cf any obiiget~on her~under or of the obiigstion ce•
cured heraby ~hel! at any time thereafter oe held tc be e waiver oi the term• hereof or ef ~he in3trumeM secured herby.
11. In addltion to the forego~ng monthly payments of prir.c pal and intereit required o~ the prom;ssory note secured hereby, mortgegcr covenents
and sg~eef to pay to murtgagee with each rr~onthly payment an eddltionil aum estima~ed by rn~r~:_~ee to be eq~al to 1;'12 of t;-~e ennual cest of the foilow-
ing:
A-A!1 reel property taxes levied or a~sessed againsr the above desuibed rea~ estate.
9-Premiume on fire and windstorm ~nsu~a~ce es herein requ;red to be carried on the ~mprovements sltuate on the above descr~bed premiiEi.
C-Premiuma on such rnortgage 9~aranty ~nsurance as mortgegee ~hall trom t~me to t~me deem fit to carry on the loan wcured hercby.
Mortgagee shall from t~ma to tlme notify mortgagc+ in writing of the amount due and payable hereunder and wch sum shall thereupon be due •nd
pey~ble on the due dale of thr next month!y payment snd eeth s~ccessive month thereefter untii mortgegee shell not~fy mortga~cr of s chenge in •uch
emou~t. Such ~ums ~he!I be appi:ed by mortgegee !oward tne payment of real proFerty taxes, insurence prem~vms, end mor4gage gusranty insurance
premivm~.
IN WITNESS WMEREOf, the eaid MORTGAGOIZ ha~ hareunso tet hit hend end seal tha ~ay end eer firsr asoresaid. r
Signedi Sesled and d+.
~i~e~d in the presenca af: ~ r` ~i F t ` ~j
~ \ ~ ~ 1 r 1~ ~ ~ !~n~ i_ '1 f. ~ ~ 1~11~..sh
~te ~ .1`~ - • ' ~ f c~.
. ' ~ ? t ,1^ i.: s 1 /yJi,~/) / 4v2~ f
i - ---~-7-- ~--~'1+ 5eal)
. ~ i~~~ ~ ` r- r-'. -----(Saei)
Q~C t .
^ V~ ' 2 J r".`, J.~' b (5e•~)
i
57ATE OF FLORIDA ~ ~ , , . ~ ,
~~^iT' f~+ ~ C' ~ e ~ 'Y , - 1 J r - i \ 1 ? _ .
C~~' ~ e / . ~ , . ,
~~d°T~•~Bf~O~~y~eQ~efEd _ ~ . - ~ ~1'! l, l/~ ~~a~~ S ~ . . ~ ~nd
~
l.=~y~i ~ v--,;,y-~ L` t` hi• wlte, ro r,;e ,NS~~ lcrrovrn a,rd knorrsi. to m~-to ~s
thC ~ia~~y d~suibekl, In;end~vho sxecuted the foreflany inatrument ~cknowledped before me that they executed i~r; Nm~, fpl M~w.purp0aes
~ ~ Nary 15avis ,
ths~ ixP1„q~.e~ , ~And ~f,e ieid-_ , - . . ; . . . ~ . .
~ ~ James Arthur Davis
w{d upon a iep~r~h rhd prfvit~
•xtrpinetid] b~ ~6e-la
eTc n sL•~raZe snd apert from her said hu~band, stknow!edqed to end before me that ~he +rxewted said in~trum~nt freely ~nd volurr
tarily~j~n~ivG'rt?to~t ~n~.pdm}ielQ2~n, constraint, approhens c< <ear vf or from her sei~' hu~bend.
, . • . 24
~h y I~TO V e [ilb @ r' D. 14_~
~{i/IJflp$S; rty h~ official ue! th~a.- de af ~
-
• {
1 _
~ Notery Public In • f r th~ Stat• of Florid~ at LarQs
~ '
~ My Commiari • : '
Return To: ~ ~ ~
Citi:en~ Fodetsl Savinyf i lo~n Assaci~fion - ~f'? `
~ ~
af s,. co~~~y ~ ~ 3
Ft, Pis~ce, Florda
j~.,:~~r