HomeMy WebLinkAbout0016 1. To plan ~nd continuo~sly kNp on th~ buitdinps r?ow or h~re~hN utvate on sa~d land and on all puipmeM u?d p~+sonaly covK~d by thls nar~¢
p~, with all pr~miwe~s ~I+Kwn p+~d in full, iin insuranc~ in tht uwal atu+dard policy tarn. ~n a swn +pprowd by th~ MORTGAGEf. ~nd windttwin
4pwana in tM wwl uaeda.d pol~cy fam, tn a wm approved by ~M MORTGAGEE, in svch company or con+P+^~~s ~s ~he MORTGAGEE n+ay
d'v~ctt ~nd dl fk~ ~~d windsrorn? inw~ana policMS o~ any of said build~nys, u~y inMnst thK~in o~ pa~t thaeof, i~ tM spyrepa~e wm ~fw~said a
N ucct~s ther~of, th+tl cont~in tl~ uswl standard mort9ape~ clavs~ w iuch alar cla~ ~s th~ Mor~y+pe~ nuy nqui~~. makinp tM lou undsr said po1F
cip, Nch and ~very. paYabl~ b said MORTGAGEE a~ in intercit m~y apptsr, and each u~d ~wry wch po~iq shall be p?omptly ass:pn~d u+d d~tiva~d ro
any Mld by uid MORTGAGEE ai fu?~I»r ~tcu~ity to ;~id matpspe debt. +nd, not I~ss tMn ttn (10) dayt in ~dvanc~ of tM ~xpiralion of each polity, ro dr
IivN ro said MORTGAGEE a renew~l thereof, toperMr with a rcteipt fw the p~tmiwn of s~ch renew+l; and tht~~ thstl b~ ~+o fin a winduam insv~uKs
plaud on any of s.d bu~ld~~+9s. aoy interyt therein a put thereof, vnleu ie t!K fomi and wi~A tM lou p+yable u afw~i~id: a~d in ~h~ ~wnf any wm
of ~npwy becomes paYabl~ ~~dc+ svch policy a polici~s said MORTGAGfE sMll haw th~ option ro receiw and ~pply the sarn~ on account o~ tl+~ (nd~bt~d-
nqs tecvr~d FNreby o~ b pe~mit uid MORTGAGORS ?o rtteive and us~ ft p any pa?f thtreof fw other purposes, without tht~eb/ waivi~~g p~mpair•
inp anY puity, li~n a ripht unds~ or by virtw of this morty+~e: +nd in tM ~vent aid MORTGAGORS ih+ll (a ~ny nason fail to kstp ths said pr~mius w y.
insvred, a t~il b delive~ prompNy any of said polici~s of inivnrw to s~id MORTGAGEE, o~ fail promptly to pay fu~ly afly PfN11i~N11 fAlfffp W in a~y
rnp~ct f~il to pKforn~, dtuhuge, e:ecut~, ~fhct, complet~, compy with and ~bide by this mw~ant, w ~e?y p~rt hsreof, ssid MORTGAGEE may ptxY and
pay far wch irawae~ o~ ~ny paN th~.eof without w+Ninp or aff~ctiop a~r optan, (i~e~, ~q~iry, o? ripht und~r a by virtw of this Mortyap~. ~nd the
fvll amovnt of ~ach u~d ~wry wcl+ WYme~t ~all be immedi~tdy dw u?d psyabb and sA+ll bear intNest from th~ dab thlreof until paid M th~ ~at~ ot
niM p~r ca~tum pa anrwm and to,~ethcr with sucA interest ~hall be secured by ttw lien of ihis mat9ape.
1. To pKmit, ca~rrut or wff~r no wuu, knpai?ment w detaiors:ion of s~id property or +ny p~rt thereof.
5. To pay all and sinpular tM ~ts, chuyes and expenses, includirq s reasonable ~ttaney's fee aod cosri of ~bstncls of title. incuned a p+id at
~ny YNne by s+id MORTGAGEE. becaus~ or i~ the event of ths faiture on ~he part of th~ uid MORTGAGOR to dufy, p?omptly and fvlly p~rform, d~scha~yR
•xecute. tffect. complet~. compl~r w~th and ~b'ade by ~ad? aed every the stipulat~ons ~greemenri. ca+ditions, and covenants of uid promissory eat~ ~nd thN
mortyp~ ~oy or ei~l+er. +rd said cosn, charqes snd expenies, ~ach and every, shall b~ immediately due and payaWe: whethe~ or ~?ot tl~~ bt notice d~
m~nd, ~tt~mpt ro co:kct or suit p~ndirg; uid tFw full anwirnt of esch ao~ rvery wth payrr.~nt sh~ll bea? interest from the date ther~of until p~id ~t tl+e ~
rate of nine per cc~tum per an~wm; and all said cbses, charges snd expenses incurred or paid, topether with sud? intereit, shall be Ntur~d by tM litn of tiw
mort~sp~.
6. That (a) in the eve~?t of any Meach cf this Mongap~ or defauh on the part of the MORTGAGOR, a(b) in ~he event ~ny of s~id sums of nwn~y
henin r~ferred w bs not prompty snd fvlly psid wifhin thirty (30) days nea~ afte~ the same sev~rally bacome dw +nd payabk. witFaut demand or notice. ;
a W in the everp each ard every tha stipulatio~s, agreemenn. conditions and covensnts of said proni~sswy note and this mort~a9e any a e+tha an nol ~
lu1y. prompdy and fully perfamed, d~scharged, executed, effected, comp~eted, complied wi~h and sbided by. lhan in ei~l~er or ~ny iuch ~wnt tM s+id a~
pres,~M wm mentaned in ssid p?omissory note then ramaininp unp+id, with intcrest ~cuued, and all ma~eys secured hereby, shall bacorn~ dut and p~y- ,
~bl~ fwthwith, a tharesher, at tM option o} said MORTGAGEE, u fvlly ~nd canpletey +s if sll of the s+id sums of ma+ey wer~ wipinally atiputated
w be paid on s~ch day, aoything i~ said p.omiuory note or In this Mortgage to the contr~ry notwitMtsnding: a~+d there~rpon or there~ftK at tM option of
•aid MORTGAGEE, witlw~t notice a demand, suil at ba or in eqvity, thereforo or thereafter begun, may be prosecuted u ~i all mo~eys secured hereby
had mstured pna to its i~s~ituYwn. •
7. Th~t in the event that at the beginning of or at sny time pendirg aoy w~t upon ~his Mwtg+ge, a to forcclose it, w to refwm it, or to enforc~
payment of sny claims he+eunder, s~id MORTGAGEE sMll apply to the Court having jurisd:ction thereof ior the appantment of ~ Receiver, such Gourt fh+ll
fwtliwith appoi~t a receiver of said mo.-tgsged property all and singular, includ~~g all and singular the income, prolits, issues and revenues from whatever
sovra derived, each and every of wli~th, it beirg expreuly understood. is hereby mwtgaged as if spetiiitally set fonh ~nd dewibed in the grantiny and
Mbsndum davses hereof, u~d s~c6 Receivcr shall h~ve all the bro+d and effective funct~ons and powtrs in anyvviu entrusted by a Covrt to a Receiver, ~nd
such sppointment shall be made by wch Court as an admitted equity and a mafter of absolvte righl to said MORTGAGEE, ~nd without refercnce to the
~equscy o~ inadequacy oi the wlue of the aope?ty mwtgaged w to the sohrency or ~~solvency of said MORT6AGOR or the defendann, and tMt such
rents, profin, incane, issues snd revenues shall be applied by such Receivcr sccwdiny to the lien w equiry of said MORTGAGEE and the pnctic~ of such
CouA.
8. To dvly, promptly ~nd fully perfwm, d'ncharge, execute, effect, complete, comply with ~nd abide by each snd every the stipulations, agreemenb,
cond'Aiom snd coven~ms in wid promissory note and ~h~s mortg~ge set forth.
9. Thaf in the event the ownership of the mortgaged premius, or sny part thereof, becomes vested in ~ person other tha~ the MORTGAGOR, the
MpRTGAGEE, ia sucoessws snd ~ auigrn, may, wi~hout notice to the MORTGAOR, desl with such successor or. successoF in interest with refererxe to this
morlga~s u~d the debl hereby secured in the ssme manntr as with Mortgagw without in any way vitiating W dixharging the 1Nort9agon' liability here-
under a upon the debt hereby secured. No ssle of the p.emisci hereby mo.tgaged +nd no forlxarsnce on the p+rt of the MORTGAGEE or in succeuors
w auigns and no extension of the time fo~ the payment of the aebt hereby sccured giveh by the MORTGAGEE or its succeuors a suiyns, shall operate
w nlease, dischar~e, modify ch+nge w aftM the original liability of the MORTGAGOR he~e'uy eitMer in whole w in part. •
10. It is specifical~y agreed that time is of the essence of this contrad and 1Mt no wsiver of any obligaian hereunde~ w of the oblig~Yan se-
p;red hereby sMll at any time thereaher be held to be a waiver of the terms hereof w of the imtrurtrcnt seu?red herby.
I1. In addition to the forego:ng monthly payments of pri~ pDl and interest required by the promissory no?e secured F~ereby, mortgsgor cown~nts ~
and sgrees to pay to mortgagee with each monthly payment an add~~ionsl sum est~mated by matgayee to be eq~al to 1/12 of the annual cost of the follow-
. ~
in9c
~I A-All real property taxes kvied w assessed against the above dewibed real estate. -~';a~: =
B-Premiums on fire and windstwm insvrance as herein requ~red to be carried on the improvemenri sitvate on the sbove desuibed ~}y~~~ •
~ C-Premiums on sucF~ mort9sge guaranty insursnce as mortgagee shall from time ro time deem iit to carry on the loan secured~l~~ebyY a 1~
Nbrtgsgee shall from time to time nofify mortgagor in nniting of the smouM due and payabler hereunder and such wm shalhl~veu~v.bA~
pay~We on the due date of the next monthly payment and exh svccessive month thereafter ur.til mortgagee shall notify mortg~a of~.1 change ib.}~h i
smovnt. Such sums shall be applied by mortgagee toward the payrnent of real property taxes, insursnce prem:ums, snd moQgage~~g~d~~yr.~i~wtske I s
p~emiums. _ • - ~
IN WITNE55 WHEREOF, the ssid NIORTGAGOR has he?eumo set his hand and sea) the day and yea~ first afarssaid. ~ ,•~V ' ~ ,<3
Sealad de1' esence of: = 6'' b j' _
D A D. na' = ~ ~ =
. ~ ~
gy; ~~s.
Attest: ' `
.
~'~8 ~+P _
v- -
STATE OF F7..ORIDA CO OF SAIlVT LUCIE
I HEREBY CQtTlFY. That on t?iia ~ r ay oj Februarv , A. D. 19~
~f~ ~~~y YounQ vickson ~ J. W. Dickson
Vis~. Prea~dene and ~„~a,~, -Treasurer of
~~;~j~ Fl ori da
D. A. D. s I1'~c • a awpo~aNo~. to ine
known to be the persons described in and wf~o executed fhe f
or'e9otng irurtr[unent, and aevemny ackr?ow~edgec~ the exw
cr,tion ehereo; to 6e el~ir /ree act and deed as auch o;(rc~ers /or tT~e uses and purpoie. eherein meneioned: and ehae ehe~
a~f
ixed t/~ereto t~ie o~~ida~ seaj o( sai~l oorporatton, and tT~ iaid fnatnunent fs t1~e act anc~ deect of wfd oorpo~+slion.
wIfNESS mp iand o.id of
ficlal ,eal at Fort PFeroe ,aid w~e~r and .tats.
" . .
' 4 p 1Vo Pubiic. fn a,~d for Seate a.tid Com~lp a/onsaid.
. . E
. r~` ~ F1LED ~?N ~ R~E~~~~j~~
a p p K My Commtaiion Expi~~~ Pub~c, State ~f Florda r.t t.~ge
" , , " " -~~~~C~.V~~~~ ~ Commusioe E•.p'rres '.~.:~r: 3,1~b9 .
' JK[fO~tLLl~ NTl!/ I~M~ N M~~~ ~N CM~' C~a ~ '
. . - .r ` ~~t ~ • ! ~ ' ~ ~
• . - ~ ~ ~ . = = ~ ~ ~ ~ ~ -
_ ~ , .j' _ - - l~~c~5~ : , : v~ , : : ~
' = . • ~ r:~,;~P.aS. CLERK ~ v :
. ' RO ~r : _ ,,,..~.,7... . :0.,
_ • • -
:~r~:!;~'
. . ~7
.=i.. _ ~-'_``f1 _.t ~ •`~f.~r~l ~1,` ` . ~
~ ~ so~~ ~39 13 f ~ . ~ ~ ~
_ _ _ _ _ _
d -