HomeMy WebLinkAbout1926 And seid Mortgaqoro, for themielves and their hei~s, legal repres~ntativei, succesao» and euign~, herrby jo~mly and srver~lly coven~nt •nd aqr~t
to end with the sa~d h1dRfGAGEi, i~s successors and a:s:gns:
1. To pay ell end singular the p~~nupal and interost and the variaus and sunciry fums of mo~~y payable by virtue of ~aid promi~sory note, ~nd thh
mortgege, each and every, promptly on ~hc day~ respettively the same severotly becom~ du~.
2. To pay sll and ~ingutar the taxes, a~iessmenrs, levieti, Iiab~iitles, obl~qa~io~s and encumbrrnc~s of every n~t~rs •nd kind r+ow on ~aid deuribed
property, or that herea!ter mey be impoaed, suffered, p)sted, tevied, or auesfcd thereon, w that her~a(t~r mey be leviad or a~retsad upon thi~ Morip~
age, or th~ indtbtedness secured hereby, each and .very, when duc arrd payable, ~ccwdinq ta law, before they becom~ delinquent, and bafor• any inta~ht
ettache~ or any penalty Is inwrred; AND INSOfAR AS RNY THERfOF IS OF RECORQ THE SAME SHAII BF PROMPiIY SA715FIED AYD DtSCHARGED OF
RiCORD AND THE ORIGIhAI OFFICIAL DOCUMENT (SUCH AS, FOR INSTANCE. THE TAX RECEIPT OR THE SAiISFACTION PAPER OPFICIALLY EN60RSfD
OR CERTIFIED) SHAII BE PLACED IN fHE HANDS OF SAID MORTGAGEE `NITHIN TEN 4AYS NEXT Af7FR PAYMfNT, snd in the evenr that eny th~reof i• not
pa~d, sat;sfied and d~scharged sa d MORTGAGEE may af any t~me pay th~ ~am+e or any part thereof witho~t waiving or affetting any option, lien, equity or
.iqht under or b v;rt~e of rh~s mongac,e and rhe full amount of each and every such paymen~ shail be immed~ately d~e and payebte and sh~tt bt~r intsrest
From the date tF~rtof untit pa~d ai rare of eight per centum per annum and togethe~ wnh ~~ch intereft shall be sec~red by tha lien of th:f morqtafle.
3. To pl~c~ and cantinvov~ly ka~p on the buildinpe now or Mnaft~? ~ifwts on iaid I~nd ~nd on ~II equiprtwe+t ~nd p~rapnaily tov~nd by thl~ mortp~
sp~, with •!I prfeni~ms Ih~reon ~.vid in full, fin inxuranc~ in the vtuel rt~nderd poliey form, in ~ ~um rpprov~d by rM MORTGAGEE, srtd wi:+datorm
In~urst?cs 1~ tM u~wl ~+~ndard policy fwm, in a ium approvQd by tho MORTGAGEE, in ~uch canp~ny M compnni~s cs tM A10RiGAGEE m~y
dir~ct; ind •II fir~ ~nd w;nd~torm insurencs politie~ an any of ~aid build~nqi, ~ny interast therein or part ther~of, in the pyreqat~ tum ~fwesaid w
in fJIC~H therwf, thall contain ths usual ~t~ndard mort9sqee clause or such otMr tleuse ~s the Mortfl~y~~ mey r~quir~, makinp th~ lou und~r ~~id po14
cty, ~~th snitsvsry, p~ysbta to aid MORiGAGEE ea itf intsreft may sppaar, and e~ch and every tuch policy •halt 6~ promFtly ~u.yned ~nd deliver~d to
~ny Fyld by ~~id MORTGAGEE ~s further ~ecurity to ~aid monga9e debt, •nd, nol I~u than tsn (10) d~y~ in advance of th~ •xpirstion of e~ch policy, to dt~
liver to ~aid MORTGAGEE a renewal thereof, together with a receipt for the premium of ~ucto renewel; snd there ~h~l! be no fire or windstorm inaurs~c•
pl~cad on sny of ~siil buildiny~, sny inte~est therein or pert thereo~, unles~ in the form and wiTh the los~ payable +s aforesaid; end in the ev~nt sny sum
of money become~ pay~ble under tuch policy or policies said MORTGAGEE shall have the opt~on to re<eive end epply the asme on saount vf the indebted-
ntu ~ecured hereby or ro permit ~aid MGRTGAGORS to roceive and u~e it ar •ny part thereof for othe~ purposes, wirhout rhereby waiving or impair•
{np •ny puity, lisn or ri9ht unde~ or by virtua of this mort9aqe; •nd in the sve~t s~id MORTGAGORS shall for any reason fail to keep th~ teid premises ~d
insu~ed, w fsil to deliver promptly ~ny of said policie~ of ir.surance to sai~ MORTGAGEE, or fail promptly to pey fully any premium therefor or in ~ny
re~pect fail to perform, di~cherge, execufe, effect, comp~ete, comply with and abide by thi~ covenant, oi eny part hereof, ieid MORTGAGEE mey place end
pay fa wch insurance or •ny part therenf without waiving or effectinfl eny option, lien, equ;ry, or righf under o~ by v:rtue of this Mortfleye, snd the
full smount of rech and every •uch payment ihall be immediately d~a and peyeble and shell bear interest frnm the date thereof until psid at the rst~ 01
n:ne per eentum per annum end together wi!h s~ch interest shall be iecured by the lisn of thi~ mort9age.
4. To parmit, commit or ~uffer ~o weste, impairmenr or deterioretion of said property or any pert ~herrof.
5. To pay ali ar.d tinyuiar the costs, cherges and expenses, 7ncluding a rea~onebfe ettomey's fee snd costs of abstract~ o{ tiile, incurred or peid ~t
~ny time by ~e+d MORTGAGEE, betause or ir. the event of the feilure on the part of tha ~eid MORTGAGOR to duly, promptly and f~!ly perferm, di~ch~rp~,
•x~cute, effect, complete, tomply with and abide by eath end every the ttipufations, aqreementa, tonditions, and covenant~ of seid oromissory note and tfii~
mvrtgaya sny or either, and safd cost~, charges and expentes, each and every, ~hall be immediately due and peyeble; whether or not thera be notite da
m~nd, attempt to collect or suit pending; and the full amount of each end ev~ry •uch payment •ha!I bear interest from the date therrof vntil psid ~t the
rate of nine per ctntum per ennvm; and all ~a~d costx, cha~qes an~ expenses inturred w peid, together witfi such interott, shall be iewred by the lien of this
mortyaye.
6. Thet (a) in the event of rny breach of this Mortgage or defeult an the pert of the MORTGAGOR, or (b) in ehe event •ny of ~a~d ~um~ of rtaney
herrefn referred to bc nor promprly, and fully paid within thirty (30) day~ next after the aame ceverally become d~c ~nd payeble, without demand or notice,
or (c) in the evsm eath end every the atipuletions, agreements, conditions •nd covenann of iald promis~ory nate and this matpage ~ny or eithsr arti rtot
~uly, promplly •nd fully performed, d:schargrd, exec~ted, effected, completed, complied with and abidad by, then in either or any wch evtnt the ~aid aq~
preqet~ ~um mantioned in ~eid promissory note then remaining unpa~d, with interesl accrued, and all money +ecured hereby, shsli betame due •~d pap
ah~• forthwith, or thereafter, at the option of •aid MORTGAGEE, es f~lly and completely es if ell of the said sum~ ort money wara oriqinally ~tipulated
to bs peid on wch dsy, anything in se~d promisaory note or in this Mortgage to the contrery notwithatendin9; and thereupon or thereaher et the option of
wid MORTGAGEE, vvithout notice or demend, auit at lew or in equity, lhereFore or thereifter begun, may be prosecutad af if ell money~ ~ecured Mreby
Md met~red prior to it~ inatitufion
7. That in the event rhat at the beginning af or at any time pending eny suit upon this Mortgege, or to foreclose it, or to refarm it, or to enfort~
paymant of sny tlaims hereu~der, said MORTGAGEE shall epply to the Court havinfl jurisd'+c~ion thereof for rhe appo~ntment of a Receiver, such Court shell
forthwith appoint a reteiver of said mortgaged property ell and ii~gule., includ~ng a!1 end ainguter rhe income, profits, issues and revenuei from whatev~r
tourca derivsd, each and every of wh~ch, it bcing expressly understood, is hereby mortgsged as if speufically ~et forth and deu~ibed in tlu qrantinfl and
hab~ndum clausei hereof, and such Receiver ihal~ have aU the broed end effecrive funcnona and power~ in enywise entrusted by e Court tp • Receivrr, •nd
tuch ~ppointm¢nt ihell be made by such Court ea an edmitted equity and a matter of eb~olute right to taid MORTGAGEE, s~d withouf referent~ to th*
•dequacy or inadequacy of the velue of the p.oprrty mortgaged or ro the sotvency or insolvency ot ~eid MORTGAGOR or the defendentY, end that auth
rents, profiri, income, issues and revenurs shali be epplied by such Receiver accordinp to the lien or eq~ity of seid MOSt7GAGEE and tha pr~tfics of such
Court.
S. Tp duly, promptly and fully perform, discharge, execute, etfed, complet~, comply with and abide by each end every the stipufation~, syreemenh,
oonditions •nd covenants in said promissory note and this mortgage tet forth.
9. That in the event the ownership of the mongaged premises, nr sny p~rt thereof, becomet vrsttd in a pertun other then tM MORTGAGOR, th~
MORTGAGEE, it~ ~uccesaors and essigns, may, without notice to the MOitTGAOR, deal with s~th :uccessor or ~~ccessor in intereit with reference to thit
mwtgsQe •nd the debt hereby ~ecured in the same manner ea with Mortgagor witho~t in any way vitiatinq or'discharging the Mortgagon' lisbility h~ert
under or ~pen fhe debt hereby secured. No sale of the premises hereby mortqaged snd no forbearan~e on fhe pert of the MORTGAGEE or it• tuc[esaon
or ~saigni ~nd no •xrensio~ nf the time for the peyment of the debt hereby setured given by the MORTGAGEE or in wcce:sors or assiqna, sh~N optrs!e
fa nlsNS, discharpw, modify chanQe or affen the orip~nal lisbility of tha MORTGAGOR heroin, eithrr in whole or tn part.
)0. 1t is specifically egreed thet time is of tho etsence of thia tontr~ct and rhat no waiver of s~y obligation hereunder or of tM obliqation c~-
tuc~d h,~rsby shall at sny time thereaftar be held to be a waiver eF the term~ hereof or of the instrument sec~red herby.
il. In eddition to ihe fore4o~ng monihly payments of princpaf er.d interest required oy the prom~ssory nott iecured hereby, rrsartgsgo~ tovensnri
•nd ~qreet to pay to mortgagee with each monthly peyment sn additionai sum cstirr:ated by merty;,~ee to be equal to 1~12 06 thr annual cost of the follow-
irr~:
A-All real property taxes levied or essessed againir the abuvm described rea~ exrate.
8-Promiums on fire and windstorm ins~ranca as herein required to br carried on fhe ~mprovements a~tvata on the above described premises.
C-Fremiums on such mortgage guaranty inaurence e• mortgegee shall from time to time deem fit to carry on the loen se<urec! hereby.
Mortgagea shall from time to t~me notify mortgagor in writing of the amount dua and payablrs hereu~der end such sum shall thereupon bs due •nd
pay~ble on the dw date of the next monthiy paymant and each tucceasive mo~th thereafter unri! mortgagee shall notify mortgagor of a change in such
~mount. Such sumi ehall be applied by mortgages toward the p+yment of roel property taxei, insurance pr~m;umi, end mortgage guarsnty iruurance
pr~m i umi.
!N WITNESS WHEREOF tM seit! fAORTGAGOR hes hereunto tat hit hand end aeel the d+~y end ycar first aforesai
51q , S~al~d ~nd ve In the nta af: ~ ~ L~ Q p N D R~ C 0 R 0 E D
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; C~~ic't~~- ~ ~n
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STATE Of FLOR}DA ~ '
SS. ~ . ~ 1, ~ ,
C~HTM ,L~1:~0:6~ u~.'~e r~'- - - - . ;'r~~
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°~4^~rsro ~p~?~;e?'~i~t 'l~p+++~d . t t C1. T • i.~l~ ~l1~" (.1 `~'C~t and
~ ~ ~ r~ e hla wits, to mt weil known snd fcnown to rt» ro b~
fhi ~It~v1i~s~ 6~~il whQ txKUtrd' tM f0?qpoiny in~humtnt, ~nd acknowledyed btfore me that they ~xecuted ~he wmt for tht pvrposa~
eRrr~{n ; Md tfi~ w1Q w ~ ~..~..5 9~ e 1'v,[~,~ S O'l l,~~~
wlf~ e+~«~~ ~ " , ; .
' ~ ._n~f ene Gollett
l~- = r u. ' - ~ ~ upon • ~ep~r~tQ ond prlvst~
~ipminaho~ by t~kGli
~g~ier~is ~nd ~pett 'frprt Mr `ES~'husFS~nd, stknowledped to urd befor~ m~ that she oxec~teci s~id InstrumMnt frsely ~nd volurr
?ar'~{~- ~~id,wi4Naal~r~r ~n}byyliion„ con~itair?t, sppraliirisibt+;• or,fNr af or from fur satd husb~nd.
'-~W1Tf~PESi~r?y~A~i~l offkiai,yil~il~b`- :°~~T"~'7 day of ° A. D. 19~~
n~:,.~:~;.~~''y`. . ~ ~ ~ . , .
~ z?' ~ Notery Public in •nd tor thy te of Flor~di •t Lary~ T
. . ~ / J~Ay Comrtciaion •xpirn:
Re+urn To: . • .
ir
Cititsns F~daral Sarings i Loan Assotiatioo ! i°~aFarY P~~~i:, S!a'e of F)otir~~ ~i (g.••e
of St. luci~ Covnty My Commis,ip, ~x:~.., ~~I;.~c~ 1,
Ft. Pierca. Florida & QQx ~ E V ~ - ~ ' • :a ' ' . , _ ,
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