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To piau ~nd contiewoutly 4s~p a+ tM ouiidieps now w M«aftN aitv~t~ oe+ said land ~nd on ~II aqvipm~nf ~nd p~nonally cownd by this narl¢ '
p~, with ~II pemiurtR thar~ p~~d in fvll, tir~ insuranct in ths u~wl sand~rd policy forn4 ~n ~ suan approwd by tM MORTGAGEE, ~~d wintbtotn~ ~
imwu~ in tM uwa) uanirrd policy fam, in ~ wm approved by tM MORTGA^vEE; M such tanp~ny a companies a tM MORTGACsEE m+y ~
~~ctt uid all firt aod widd~??orm ir?sw+~a Policie~ on +~y of ~id b+ild~e+ys, ~ny inMrest tMreie w put tFw~of, {n th~ ~rpat~ sum ~for~~aid o~
0
M ucce~s ~henoi. aMll conq~ tM wwl stu~dud ma~y~e~ d+us~ a s~rch aM. cl~vs~ as ~h~ MaryayM may nq~in. n?.kiep ~M fost wde. ~aid po1i~
d~s, Nch ~nd ~v~ry, p~Yabt~ to s~W MORTGAGEE as in in~ersst reay ~ppNr. +nd sach and ~wry t~ch policy ~MII b~ promptly u~:9~ed ~nd delivK~d ro
any h~W by ~aid MORTGAGE~ u funha secvrity ro sak! mor~pap~ d~bt. aod, not less th~n t~n l10) days in +dv+nc~ of tM espfration of ~A policy. w de
livN to ~aid MORTGAGEE a rt~twal thK~of, top~thK with a rec~ipt fo. tM pnmivm of wcA nnewslj u+d tM.e sMlt b~ no f'a~ w wi~+dstan+ ir?sur~
pl~pd on ~ny of uid buildinps. ~n1? intaat tl~~ia or put tiw~of, unless in Ih~ forn~ ~nd with tM lou p~y+bk as afati~idt +i+d k~ th~ ~v~nt aey wrn
of n?aay becom~s WYaW~ w±da wch policll p P~ici~s said MORTGAGEE sMll h~w tFw oplion ro nceiw and apply the sam~ on accounl 01 tl» indtbtd~ i
nq~ s~cv~~d Mrtby or 1o permil said MORTGAGORS b tsuiv~ u~d ~nt it o~ ~ny part the~wf fa othc~ purposes, without thareb~ waiviny w~mpair-
kp ~ny ~qviry, IiM? or ripht ~de~ or by virtw of thq mortpp~~ u~d in tM ~wnt wid NWRTGAGORS thall for any rea~on fail to ketp th~ s+id pr~mis~s w `
insured, or fail b d~liver promptly ~ny of taid polities of insunnu to s+~d MORTGAGEE. w isil promptly to pay fully any premium thtrefw w h ~ny
nip~ct htl b pK(onn. disdwr~, taecvt~. ~ifM. compl~te. con?P~Y with ~nd ~bid~ bY this townanf, a sny p+rt herwf, said MORTGAGEE may pl~ ~nd
paY fa wd~ Gawu~ a any put 1lwreof witl+o~rt w~lvirg o~ ~ffMinp any option, IMo, p~ity, w ripA1 v~der a by virtw of this Morty+p~. and tM
full amount of Mch and ewry such p+ym~m ah+ll b~ imrmdiately dw and p+ysbb ud shall bear int~rKt fran tM dat~ thaeof vntil paid a~ tM rab of
nin~ pa canrom pK ~n+wm u+d topether with wcA ieteres~ shall b~ uc~nd by th~ litn of this mort~ape. .
1. To p~nit, aomndt a wffK no wute, LDpiiITlf11 Of i~ffNiO?itiOfl Of Nif~ pfOp~ft~/ Ot M~y pifl tMflOf.
S. To p~y all u~d ~irpulx tM.coats, ch+rya u~d ~xp~nus, i~cluc:,p s roason~bk ano?n~y's fe~ snd cosn of ~bsnscts of tirl~, incu.r~d w paid af
any tim~ by said MORTGAGEE, b~caus! w in ths ~~em of th~ failun oa ~M pa~t ot th~ said MORTGAGOR w duly, promptly snd fully psrfam, d'acMr9~
exavt~. ~ff~ct. oomplet~, oomply with ~nd abid~ by ~ach ~+d wery th~ sY~rla~ia?~„ a~reaments, ca~ditioro, ~nd cownanb o( ~id promissay not~ and thU
mort~a~ any or a~hK. and ~sid cosrs, charpes and ~xperres, exh and ~very, sMll b~ knmediately dw ~nd p~y~bk: whethsa w not thK~ bs notice ds
m~nd, an~rt~pt to oo11M w wit p~ndinp: ud the fvll ~rnount of each and aw~y svch psyn+ent sh+tl beu interest from th~ dat~ thereof w+til p~id st the
~ate of nin~ p~r antum per ~n~um; and atl s~id cdsts. chsrpes and eapenks incwred w paid, topNhtr with such intsrest, ~I?aU b~ s~cwed by tFw Iwn of thif ~
^~9+~•
6. TMt in th~ ~wnt of sny b~each of Mis Mortp+~ w defwh on tlr psA of the MORTGAGOR, or (b) in tM event ~ny of u~d svms of mon~y ~
Fwrein ~~f~rnd to be raf pranptly and fully p~id with:n thirty (30) days ~eat ~fte~ ~he s+me severally become due and p~yablt. without demand o~ notiu.
w(rJ in tM ~wnt ~~ch ud ~wry the stipvlations ayrsemenfs, condirans and ooven~nn of s~~d promissory ~ot~ and t!?~s mortp~e +ny w e~ther ar~ no1
iuly, promptly and fully performed. disch+rped, ~xecured. ~fficted. compkted, complied w~ih ~nd abided by. ~hen in either a any iuch went tM said ap~
qra~b wm rr~tan~! in uid promissory note then roma?ninp w+p+id. wiM inter~st xuued. and all ma+eys tecwed hsreby. sMll becomt ~ aod pay~ -
abb iwthwith, a thereafter, s~ tM option of said MORTG/1GEE, as fv1ly +nd compktely as if ~II of the said wms of nwney wer~ wipinally stipulated
b
ro b~ paid on such day, anythi~g in sa;d prom~uory oob or in thi~ Mort~~ge to the contrary norwithst~ndinp; and thereupoo or thereafter st th~ op~ion of
said MORiGAGfE. without notice a demarxl, wit ~t la~r w in puity, therefwe w the?e~her begun, may bs prosecuted u if all ma~eys ~curd hereby
had m~hued priOr to in inftitutiOn.
7. Th~t ln the event ~hst st the beginning of w at any time pending ~oy wit ~pon this Mortgage, a to fweclose it, or to ~eform it, o. ro a?foro.
paymeet of any daims he.eunder, s~id MORTGAGEE shsll apply ro the Co~rt havi~+p j~risdiction therwf fw the appantma+t of ~ Reccive~, wch Coui~ st+~ll
fwtFiwith ~ppoint s receiver of said mortpayed property all and sirgvlsr, inclvd~~ all and singula~ the incoms. profits, iswes and rcvenves irom whatever '
~owce de?ived. each aw! every of whrch, it bein~ expressy uadentood. is hereby mortgsged as if spec~iiully set fath ~nd dewibed in th~ y?u?txg snd , ~
h~bendum dausK haeof. u+d such Renive~ shsll haw ~II the broad and effcctiw fvnc~~wn uwl powen in ~nywise entru~ted by a Co~n to ~ Receiwr. and
such appointment thstl be made by such Covrt as sn ~dmitted equiy ~nd a rrNtter of absolute riph! ro said AM1ORTGAGEE, and without nferente to ti»
~deq~scy or M?~deq~scy of tM value of the property morty+ged or to the wnrar+cy or ~oso1'vency of said MORTGAGOR a the defendants, and tMt svch
r~nts, profits, income, asues and r~venuas shsll bs appliad by wd~ Receiver'sccwdiny to Ih~ tien or'equity of said MORTGAGEE and thd prictic~ of such
Court. (a: r
S. To dvly, promptty sed fully pufonn, discMrge, execute, effect, oomplete, comply with ~and ~bid~~ by sach u~d evary 1Fa stipuktip?s, ayreemenb,
eonditio~s ~nd covetWnn in ssid promissary note and this mortpagt set fwth. - . -
9. Tbst in t!w evcnt the ow~+ership of ths mortga9ed premises, or any puf thercof, becomes vested in • peno~ othtr thsn the MORTGAGOR, tM
MORTGAGEE, Hs wcceuas snd auipro, msy, wi~hout norice to tl+e MORTGAOR, deal with. sucR wccenor w wccessor in interest with refererKe to this .
mortyap~ and the debt htreby secured in tht s~ne marv~e+ as with Mortg~gw withovt in any. way ~vitiatirg w dlxharginy tl~ Mortpagors' lisbility hsra ~
unde? o~ upon the debt hereby secured. No aale of tM premiscs hereby morlgsged and no fwbesr~nce on th~ pan of tht MORTGAGEE or in svaesson
o~ ~ssigns and no exte~ion of the time fw the p~yment of tM debt hereby secured yiven by the MORTGAGEE w its wccessort w:~ssiymttUull op~rat~
~o rekast, diuFwrp~ modify charge or affed the wigin+l liab~lity of the MORTGAGOR herein, ~itha in whob or in put. ' .
10. It h spedP~cslly ap~eed that time h of the ess~nce of this contrsct and tlwt no waiv~r of any obligatioe~ Mreunder w of th~ obliy~tion ~e- i
cund Mr~by shall at any Yune thereafter be held to be a w+iver of the terms hereof or oi tfie instrumant secwed he.by.
11. In addition ro the forego:rg monthly psyments of prin~ p~l and iotcrest required by the promiuory note secwed hereby, mortgsgw oovenants
and s9raas to pay to mortg+gee with esch monthtY paYment an sddirional swn esr~mated by mortypee to be equsl to 1/12 of the snrwal cost of the follow-
in~:
A-All real property taxes kvied or sssessed against the ~bov~ desaibed real esqte. ~
B-Premiums on fire and windstorm insurance ss herein requ~ed to be ca?ried on the improvements sitwte on the above described premises. '
C-Premiwns on s4ch mortgsqe gwranty inwrance as mortgsgee shall from time ro time de~m fif ro carry on the bm secv~ed hereby.
Mortgspee shall from time to time notify mortgagw in writing of the amaint due and payable herwnder snd suth wm shall thercupon be due and
` payabls on the due dste of the next monthly payment and exh successive month thereafter umil mortyayee ahell notify mortpsga of a chanye in such ~
~ amount. Such wms shall be spplied by mwt9agee towud the payment of real p~operty t~xes, insunnce prem:wnt, and mortp~ge yw~anry i~nvruKe
~ premiwns. t
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand u~d seal the day ~nd yesr fint ~foresaid.
d, 5 bd ~nd deliwr~d in ths presence of: ~
~
n
. ~ ~
~s~.~
STATE OF FlOR10A t ;
COUNTY OF S fi~ I.v ~ A i
~a,,, ~,«„~~y,~„~ Edwin A. Draisey .~,d '
Hilda B. Draise~ w;r~, r, ,,,e „r.n t~io~,~~•~,~y,, w b.
the &wlividwb desaibed in and yvho executed tFw fwe~oirg instrum~nt, and acknowledped before me thst they exewtid~al?i. s+rn~ foyi ~r
,,,,d ~,,;a Hilda B. Draise3T
t-r-j4. d 4s
wiie ~r ~...d Edwin A. Draisey : L' „o;,;~ ,,.'~a,~,n
.
~:~minatbn by ms t~ken sep~rate and ap~rt from her said husband, ackrawledped W and before me that sh~ exawted~aid nt r~~ a~ vo~yn-
rarily and withoot uqr compul:ion, constnint, appreheruion, or ftu of or frwn ha? sald husband. ~i :
WITNE55 my hard and offiwl seal t~ day of •~.7D. 1?~.
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~ ' ~66 NI~R ~ y rYpSUANT TO CMArTER Z0724. ACT! Of /N1.
. L~ ~A O`~G Q .:.d~.~'~UN~~WifG~f!
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j~~~~LERK a, ~y.,n fo. ~~.ttS M. J/1MEs
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: f..._, _ RpGE ~~~IE COUNTY. ~'A. t,~. c'.owr~r T.~ C~t~aw
. ' -.F~, • r ~ S~• FLORIDA .
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, gooK 140 306
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