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HomeMy WebLinkAbout0281 , To plat~ ~?~d tontinwusly kt~p on 1M buitdings now cv herea~:N tifWt~ q1 f~~ I~nd ~nd on ~II lquiprnfllf ~nd plffOMlly COVNN~ by fhl~ ~1¢ +g~, wilh ~11 prtmi~~ ~Mreon p+~d in fut4 fue insuran~t i~ the us~.al sqndard polity form, ~n a tuen apptoved by th~ MORTGAGEE, ~nd windslam !nsuru~c~ in tM ~iwl srandard pol~cy tam, In a sum approv~d !,y tM MORTGAGEE, in svch company a com~anie~ ~s 1M MORTGAGEE m+y d~rettr ~eK! all f'a~ and windstorm insuranc~ ~:.t:::.: r^ ;.ny of said buildinps, ~ny inttrqt therein or parf tAcr~of, in tM ~rsgaM wm ~faaaid or in ~ate?s tMnof, ah+ll contain th~ usv~l ~t~.dud morr9aye~ ctavst or such other clws~ as th~ Mwty+gee may requu~, m~kinp tM lou vnda+ sa~d poli~ cie~. eacl~ u~d wery, pay+bls to said MORT~iAGEE as ih interest m~y ~pp~sr, and each and every tvch poliq shall b~ promptly ~u:9ned ~nd delivered ro •ny held by iaid NWRTGAGEE furthe~ u v~ity to s+id maty~y~ deb~, ~nd, not iess thae ten (10? d+vt In adva.,c~ of ~hs ~xpiration of each policy, ro d~ i~~e~ ro a~d MORTGAGEE a~enewal fMrrof, ~o~erF?K witA a rec~ipt fw the premium of wch~renewal; and ther~ shall br e+o fir~ or windstorm insur~nt~ plaad o~ ~ny of said buildirgs, afly If~iNMl fAQItN1 Of p~r~ tF+Kwf, unleu in t!w fonn'~nd wi~h th~ loss payabk as aforesaid; and in th~ w~M any wm of mon~y becomes p+Yabl~ w~der such poticy or polic'at wid MORTGAGEE ih+ll Mw th~ option 1o rtceive a~nd ~pply the s+erN on +ccount o~ tM indtbted neu utvr~d hlreby Ot to pa~mit taid M10RTGAGORS to rlCeiw ~~d us~ il or any part thereo( }or othc~ pu~poses, wi~hout th~reb/ waivi~g a~mpair• ~n9 ~ny pu~ty, lie~ w ~iyht u~de. or by virtw of this mort~~s; and in ?M went sa~d MORTGAGORS shall fw any reason fail to kcep the said pr~mi~es so insured, or fail ro delire~ pomptly ~ny of said policies of insunnu ro said MORTGAGEE, ot f~il prompNy to p+y fully a~y premium fherefo~ p in ~ny respM f~il to perform, d~stharge, eaetute, tffed, complet~, comply with and abid~ by this cover~ant, or any pa~t Aereof, said MORTGAGEE may pl~ce ~nd pay for such insu~ancs or ~ny psrt thereof without walvinp a affectinp ~ny op~ioe~, lien, eqvity, a rght unda o~ by virtw of this Mat~ap~, ~nd the tull rnount of e+ch and ~wry such p~ymee?t ihsll b~ immediately dw and pay+W~ and sh+ll be~r intaest from tbs dat~ thereof until paid M th~ raq o~ ~~ne px centum pe~ ann~m ~nd to~ethcr with such interest shaU be secured by tht lie~ of this mortpape. 1. To pe~mit, oomroit or wfier no wasf~, impa'ament a de~e.iwa~ion of s~id property w ~ny p+rt the?eof. ' 5. To pay all se~d sin~ulu tht <o~b, chuQes and expenses, includiny a rc+sonable a~torney i fee and costs of ~bstrscts of titls, incurred a p+id st an~ time by a+id AhORTGAGEE, because or in th~ ~ven~ of the fail~ro on the p~rt of the ssid MORTGAGOR 1o dufy, p?omptly ~nd fully perform, d~scMrgR rxecute, sffecl, oomplet~, comply with and ab~d~ by each ~nd every the stipulations, agreemenn. conditans, u~d coveMnn of uid promissory note and tl+i~ morrpsps any w either. and said costs, chupes and expenses. each and every, shall bs immediately d~?e and p~yabie: whe~hcr o~ rwt there be notice dr rrear d. ~ttempt /o colktt or wit p~ndinp; and the full amounl of each ~nd every urch p~yment shall bear intereaf from the date thereof until p~id ~t the ~au of nine per centum pe~ annum,r and atl ssid cdsts, chsrges and expenses incurred w paid, together with s~ch interest, shall be secured by tM lieo of t}w mortp~. e. Tl»t in the event of sny breach of tha Matyape w defsult on the paA of the MORiGAGOR, or (b) in the event any of a~~d swns of money her~in referred to bs not pron~ptty and fuUy pa;d within thcrty (30) days r+ext after the same severally becane dve ~nd payabk, witAout d~m~nd or no~ice, or (c~ in tM ~wnt each snd every tl+e stip~laYwns, sgreemenn, ca+d~tions ~nd covemnts of ss~d prom~uwy oo~e snd tt?~s matpsye any or either ar~ no1 ivlv, promptly u~d fully performed. d~uMrged, executed, effected. complered. cwnplicd wnh ~nd abided by, then in either a a~y such eveM tM s+id ag pregaM wm mentia~ed in said promiswry note then remaininy unpaid, with interest scuued, and all mooeys secu~ed hereby. sAall bec+oene dw and pay~ ebie fathwiti~, a thereafter, at ths optwn of s~id MORTGAGEE, ~s fvtly and comptetety es if aN of ~he said sums of money were oriQinally stipvlsted ro 6e paid on suth day, anything in ss;d p~omissory note w i~ this 7Mortyage to the contrary notwi~hstsnding; ~nd thereupon a Ihcresfte? at tM option of said MORTGAGEE, without ~~OtiCQ o? demarxl, suit ~t law w in aquity~ tAlt!(OfQ Of tF1QfNf1H be9un, may be proiecuted as if a!i maxys securad hsreby had matwed priw to its inslitution. 7. TMt in fM lYMf fllif iT iF1Q ~inning of w at iny time pcndirg ~oy sv~t upon thGS hbrig~ge, a io forectose It, ar to refarm it, es to enforc~ pavnuM of ~ny cl~ims hereunder, .aid MORTGAGEE shall apply to the Cour~ having jurisd~qio~ thereol fo? the appantment of ~ Receiver, such Cwr~ shall fortl;wifh ~ppoi~t s receiver of wid martgsged ptoperty atl ~nd singuiar, includ+ng a!! and singvlar ths intomt profits, issues snd rovenues from whafe~er ' wures derived. esch ~nd evcry of whKh, it beuy expressly understood. is hereby mortgaged as if apecific~lly set fath ~nd descr~bed in ~he yranring ~nd habendvm dauses hereof, and such Receive~ shall Mve a11 the brosd and effective funct~ons and powers in anyrw'ne eotrusted by a Cou?t to a Rrceiver, and such appoinfinent shall be made by wch Court s~ sn admitted equity end a mattcr of absolute r~gAf to said MORTGAGEE, ~nd without :eference ro ths adequaty or ieidaquacy of the value of the properry mongaged w to the wwe~+cy or insotvency of said MORiGAGOR or the defendants, snd that such rents, profits, incane, iui?es and revenues shall be spplied Dy such Receive~ KCOId~1f~ 10 flf0 I/!fl p eqvity of said MpRTGAGEE aod ~he practice of sucA CO4lf. _ 8. To dvly, promptly and fully per(wm, dtxharge, execute, effect, complete, comply with ~nd abide by each ~nd every the st~pulations, ~greements, conditions ard coven~nts ~n ss~d promissory noee and ~ha mortgage ser forth. : 9. ?hal in ths evenf the owriership of tke mortgaped premises, or sny psrt thercof, becomes vested in s person other th~n the MORTGAGOR, th~ MORTGA('sEE, iri successors and assigos, may, withou~ no?ice ro the MORTGAOR, deal wiih ~uch wccessor w successar i~ iMe~est with reference to thii mwty~ and tM debt herebr setured in the same ma~ner as with N~wtgagor without in ~ny way vitiatirg a discMsrg;ng the Mortpsgori liability here. under a upa? ~iro dcbt hereby secured. No aale of the premises hereby mong+ged and no forbear~nce on ~he part of ths MORiGAGEE a ib successus or assigra and no extension of the time fw the paymem of the ~kbt hereby sec~red yiven by Ihe MOQTGAGEE a ia sucoessors w assi9ns, ?h+1) op~rat~ ro release, disclwr~e, modify clunge or affect the orig3nsl liabil;ty of ~he MORTGAGOR herein, either in whole or in pu1. 10. It is spet~fically aQreed that time is of the essence of this cor~twd ~nd that ~o wsiver of any oblig~tan hereunder or of the oblg~tion se- :z;red heroby thall at any Yime theresher be held to be s w~ive~ oF the ferms hereof a of the instrvmeM secured herby. 11. In addit'wn ro the forego:ng monthly payments of print pDl and intcrest required by the promiuory nore sct~red F~ereby, morigago~ corenants and ag~ees to pay ro mortgagee with cach monthly payment an add~rional sum estimated by mort9agee to be equal to 1/12 of the annwl cost of the follow- ing: ! A-All real property ta~es levied o~ sssesscd against the above described real estate. B-Premiums on fire and windstwm insurance as herein requ:red to Ix ur~ied on the improvrments sitvate an the above desvibed premises. C-Premiwns on such mortgaqe gwranty insvrance as mortgagee shsll from t~me to time deem fit to c+rry on the loan secured hcreby, Mortgagee shall from time to time ~otify mortgagor in writing of the amount due and psyable hereu~der and such wm shaU thereupon be due a~ payabte on tFM due date of the next rtanthly paymeM and exh suctessive mo~th thereafter vntil mortqapee shaN notify mwtgsgw of s change in such amount. Such sums shall be applied by mortgagee toward the payment of resl property taxes, insurance prcm:ums, and mortgsge guaranty insurance premiums. IN WITNESS WHEREOF, the ssid MORTGAGOR hss hereunto ut his hand and seal the day ~nd yeaa fint afw Siy~ned, Se ~nd 'vered in the pesence of: ~ ~n . ~ +n n ~ STATE OF FLORIDA ~ couivnr oF St _ I.ueie # ~ Before m~ penon~Uy ~ppesrcd R.B~Ci ._~enTer.r~er and - ~ ' Rllttl E' . EaBIISrAT.~ L' his wiie, to me well known snd known b me to bs ~ ~j the individwb described in and who executed the fwe9oinp instrument, and adcnowledged before me that they executed the same for the purposes therein e~xes~ad. Md the sa~- RLth FgA~ril~ggt+ ~ ~ wife of the ~aid upon a separafs and pNv~t~ f e,mmination by me aken sepant~ and apsn from her said husba , adcnowledg ro ~nd befwe me ~hst she execvted s~id initrume~t freely and vo{vo- tirily and without ~ryr compuision, cantraint, ~pprehens'~ry,~or feu of or from her sait! Fwsband, WITNE55 my hand ~nd offici~l seal thi l~L d~y of A D. 19~~ ;~```~~YNtlttit~~~I Norary Pub m and for rhe State of Fbrida at lar~e My Comm~ ion expires: ' ~f¢~ s.~!•~r<~ ~«~ati«~ F i l E D A rJ D R E C 0 R D E D NOtary PubMc, S1aN of fiorida at Large ry O:`~ 8~f ~kl~: ; ~j•.,.~ c7 ~ K IWy Commission Expins Aus. 6. 196T ~~~~r1~«s P~~Kl: - ' V~ i ti~ ? W Bond~d BY Amarican Sur~iy Co, of N, Y. ~ ~ '~.~..o ' ..A~`-''~-~~T~ ! ' ' ~'~'~V B L.~ G;, '~~6 A"° I 8 ~C~I ~1, : 37 ~ A-~. E ~F t= L U r2 t UA . _ -o;.~.t- T~ - - G''~ 1 4 4 5 i 2 3 ~ v Z D O C U M E N T Ap~ S T A M P T A X ~ . OGE ---t:.~. CLr.r~K~4 o = fiFRiB'66' = : R f L U C I E~ COUC: i Y. v ~ c~ - ~ I 2 3 O- I ST. 4 N COM~TROILER - FLQRIDA ~ P.B.ieo~a~ ~ . . ~ ; • RECORD VERIFII~ 80~14J ~ ~ v ~ > _ - - - x z ,~~~:t iF,.,a':~ +C s _ ~d ~-~,y'd'j „i• d