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Home My WebLink About0274 : ~ ~ , , To plsct ~nd continuously kNp on tlw build~nyi e+ow a MrsaitN ~~twt~ on sa~d I~nd and on ~It equipment and peho~~lly cowr~d by this nwrt9• pt, with a:! p~mivMa thereon p~~d in full, (ir~ insu~+nc~ i~ the us~al sundard policy fwm, ~n a sw» approv~d by th~ MORiGAGEE. ~nd windstorm msw~nc~ tn tM v~wl i~andard pol~ty fwm, in ~ sum ~pprov.d by ~M MORiGAGEE; in svch comp~ny w companisa as 1M MORYGAGEE m+y dirtctj and all fin ~nd windstorm insuranp policies on sny of isid buiWinpa, any int~rest therein w p~rt thereof, in tM pprpatt sum afa~sa3d ot in u~cns th~npf, shafl contain tAs utval ~~andard mortqsae~ cl~use a iuch otha claus~ a tM Matp~N may requ~n. rrakinp 1M Ioss unda said poli• ciy, tach and evtry, payabfe ro taid MORTGAGEE +t its intsreit may ~ppQar, ~~d cach and ~very ~~rch policy ~MII be promptly ~ss:9ned ~nd dalive~~d fo ~ny MW by iaid MORiGAGEE ~a fur~he~ secvrity to i+id mort9aye deht, and, not Itu thin ten (10) days ?n sdvanc~ of tM expustion of ~~ch policy, to d~. I~vK to ~+id MORTGAGEE • r~newa! therwf, topetha with a rec~ipt fw tM pemivm of ~uch renewal; a~d tMn iha11 b~ no fi~~ or wind~tam insuranc~ pl~ctd on ~ny of ~sid buildirgs. ~ny intcr~st thKein a part thereof. unless io th~ form'a~d with tM tosi payabk as sfw~aidj ~nd in the event any swn of mon~y becpr?p payable unde? wch polky a polici~s said MORTCsAGEE sMll Mw tM opt~on to ~aeive and apply th~ sa?+~ on ~ccount o1 tM indebted~ ness wc~.~~d F~~by w to peimit ssid MORTGAGORS to reteiv~ ~nd us~ i1 w ~ny part thereof fa orher purposes. without thweb~ waiving o~ ~mpai.- inq any puity, tiee or ri~M under or by virrw of this mort9ape: and in the eveni ~a'rd MORIGAGORS sh~U Ea ~ny rtason fail ro keep the iaid pr~mises so intu?ed, w f~il b deliver promptly any of ssid policies of insu~nts to aid MORTGAGEE, w iail promptly ro p~y fully any premivm therefp p~ in any retp~ct f~il b paform, dischar9e, execut~, ~ffect, complete, comply with and abide by this cove.+ant, o~ any part hereof, sa~d MORTGAGEE nuy plu~ and p+Y fa +ucl? ~avr?ux~ o? +nY W„ thtroof without w~lviny w ~ffectinp any option, lieo. pvity. a right unda w by vi?tw of ~his Mortpaqe. ~nd the full areount of sach u~d ~very such payment sl~all be imn+ediately du~ and payabl~ and ~hall bear interest from th~ daq thereof until paid ar tM ~aq of n~r» psr centum pe~ a~num and together wirh ~uch inrere~t ihall be secwed by the tien of this mortpa~. To pare?it, canmit w wNer no w+ats, impai~meot or deteiaration of said property er ~~y put thereof. S. To piy all ~~d sinpular the toati, cha?pa ~nd expensea, incl~dirg a reasonsble stto~ney i fee and cosb of ~bstwc» of titl~, incvrred o? paid sf sny tdne by said MORTGAGfE, betavss a in the twnt of the failure on the part of tM said MORTGAGOR to dufy, promptty and fully pe~form, d~tchargR, execvh, ~ffect, complere, c«nply w~th and abide by exh and every the strpulat~ona, agreemenn, cond;tions snd covenann of said promiuory nor~ ~nd ~his mongap~ iny a etther. and said costs, charges and exper+ses, each ~nd every, sMll be immediately d~e ~nd p~yable: whether w not ther~ 6~ norice do- mand, attempt ro oolktl w avit p~nding; a~d the fult amount of eacA and every such paymen~ shall bear iMmesl from tM date thereof until p~id ~t the rate of nine pe, centum per a~num; and all wid cbsts, charges ~nci expenses incurred or paid, togetha with t~ch inter~tl, ihall b~ sscu~ad by th~ li~n of this matyap~. 6. Th~t in the event of any breach of this Mwtgsg~ or deiwh on tM part of the MORTGAGOR, or (b? in the event any of aa~d svms of morny hcrein referred to b~ not promptty and fully paid within thirty (30) days ~ext af~e~ the same severally becane due ~nd p~yable, without demand w eotice, or (c~ in th~ ewilt eath a~d every the s~ipulatio~s, ~greementi, conditions and toven~nts of ta~d promissory note and thw mwlys9e any or either •r~ nol ' iuly. pton~Ny and futN per(otmed, discharged, execvted, effected. completed, complied with and +bided by, then i~ eithe~ or any s~~ch event tM sa~d a9- 9~S+ p~omissor nots then remsini r t~ sum mentioned in sait! Y np unpaid. wilh iroerest xuued, snd all moneys setured hereby. sMll bKOme dw and p~y. s able fo~tbwith, or theresher, st the option oi said MORTGAGEE, as fully and complerely a~ if aI! of the wid sums of mon~y were aipin~lly stipulated to be paGd on wch day, anythiny in sa;d promissory r?o•e or in this Mortgage to the comrary notwi~hstsnd~ng; and therovpon w thereafter the op~~on of •eid NlORTGAGEE, wiihout ~o~ice w demsnd, suit at law w in equity, therefore w thereafter begun, may be prosecvted u if atl rtwoeys secured heraby had matwed prwr to ib instifution. 7. That in th~ erent that at the beginning oi or at any time pending say wit upon this Matgsge, or to faeclose it, or to refwm it, w to enforc~ payme~t of ~ny daims haevnder, said MORTGAGEE shall apply to the Coun having jurisd~nion thereof for the appo~ntment of ~ Receiver, such Co~rt sMl( Futliwith appoinf a rece+ve~ of sald mwtgagecJ prope~ty ep ~nd sirgulu, includ~ng aIl and si~gulsr the income, proiits, iuuei and reve~ues from whatever wurce de?ived. ~ath and every of which, it beinp exp?euly uhderstppd, is hereby matga9td as if specitic~lly ut fath ~nd dtsu~bed in the Sranting and habendum clauses hereof, u+d such Qeoeiver sh~ll have all the broad and efiective funcr~ons and powers in anywise entrv~ted by a Courf to a Reteiver, and •uch sppointment shall be made by such Court u sn admitted equiry and a malter of absolute right to said MORiGAGEE, and wi~hout teference to ths adequaty w inadeqwcy of the wlue of the poperty mwtgaged or to the sonrenty a insolvency of ssid MORiGAGOR or the defendanti, and that such rena, profib, income, issues and ~evenvea syp be ~ppl~ed by svcM ReceivN accwdinp to the lien or equity of said MORTGAGEE snd the practict of such Court. - 8. To drly. promptly and fulty p~rform, discha~g~, execute, effect. complete, comply with and sbide by each and every the stipvlations, ayreemenq, i conditiom ~nd covena~ts in said pramiuwy note and t1+;s mortgage set farh. ~ 9. That in ti~e event ths ownership of the mortgsged prcm~sa, w any part thereof, becomet vested in ~ persw~ other ths~ the MORTGAGOR, ths MORTGAGEE, its sucuuors and +uigns, m~y, wifhout notice to the MORTGAOR, deal wi~h such uxcessw a tuccessor in interesl with reference to this mortgaye and the debt hereby tecurcd in fhe same manner as with Mortgago~ without in any way vitiating or dixharging the Mortgagors' lisbility hera under a opon the debt F~reby secured. No tale of the premixs hereby mortyaged and no forbear~nce on the part of the MORTGAGEE a iri suaessors or augns and no extension of the time for the payment of Ihe deb+ hereby secured given by Ihe AM1ORTGAGcE or its wccessws or auigns, shalt aperat~ ro rekase, dixharpe, modify change or affect the wiginal liab~lity of the MpRTGAGOR here~n, either in whok w in psrt. 10. It Is specificatly agreed that time is of the esscnce of this contrxt and that no w~iver of ~ny obligation hereuoder w of the obliy~fion sr ' a.rod hereby shall at ~ny tWne tf~ereafter be held to be a waiver of the terms hereoi p of the instrumcnt secured F~erby. ~ 11. In addition ~to the forego:ng monrhlY psYme~ts of prioc'p?t and interesi requ~red by the promissory nore secured hereby, mortgagor coverwnts ; and sgrees to pay ro mwtgsgee with each mo~rt~ly payw~ent an add~rional sum estim~ted by nwrtgsgee to be equal to 1/12 oi ~he annual iost of the follow- in9: • A-All real property taxes levied or assessed agaiast the above deuribed real estate. 8-Prcmiums on fire and windstorm insurance as herein requ:red to be cariied ori fhe ;mprovemenri sitwie on tMe above d.•suibed premises. C-Premiums on wch mortgage guaranty insurance as mortgagce sFuN from time to time dcem fit ro urry o~ the Ipsn secwed }x~eby, Mortgagee shall from time to time notify martgagor ~n writing of the amount dub snd payabk he?lunder and such :um shall thereupon be due ar+d payable on fhe due date of the next monthly payment and exh successive month thereaher urtil mortqsgee shsli ratify fgsgw of a change in such ~ amount. Such sumi shall be applicd by mortgagee toward the payment of rea~ property tsxes, inwraiue prem:uma, and gage guaranty insurance premiums. M WITNESS WHEREOF, the said MORTGAGOR has hereuMO set his hsnd and seal the day 'rst afor . Ssa delivered in the pesence of: ' ~ ~s~l Harr B e indiv usll n and as Guardian of the Es e of Ruth Geneva Be le , ~ ncompetent STATE OF FLORIDA ~ ~ courrt~r oF SAi nt S.i~~i w Be2'are me personally appe~red~Harry Beiley, to me Wa21 known and knoxn to me to be the individual described in and xho executed the Poreqoin~ instru~nent and he acknowled~red before me that he executPd the same as an indivfduel, for the purposea therein expressed. And the Saicl Narrq Bailey, ae t3uardian of the EstatA oP Ruth (3eneva Bailey, an inaomoetent, acknowlAdaed be~o~e me ~het he executed the said mor~~Ap,e~ as a~ich Gur~rdian for the purposes t.~i$re3n ~xpressed. _ - . , : Witness my hand ~nd ~fficia7 ~'~~i~l~tf'~5~5,,a da,y of fF~6~'~+~I~'~~-;~~96b~• . , ~ . ~lIED AND RECORDEO : . : . :r~ • ~ _ . IN ' = _ - ~ • ~Q~~K ~J~` ' ~ ~I _ - _ ut = ot v Publ c ~ n 'and Qr' e . ~ ~ ; ~ta e of Flori dA s-x I.~rqe. . . i•' ,I'•. j i ~ . , '~6 FEB 25 Pr~ 2 . 40 ' " - ' , . . ~ . . ~ v conenisaion exnipesi "4'`'Z4 ~ :J ~ R10A ~K NOTARY PUBtIC. STATE Df Fu4 f U1RGE ~i U f. . ~7. LUClt CCiU~dTY. ~ ~o~w?ssion EXPIRES APR. 21. ~%9 nRto~ ~ ~ o K139 27~ :r ~ . _ ~ ~ _ - - - - ~ _ ~ r _ ae~.. _ _ _ _ _