HomeMy WebLinkAbout1716 - ~ rt•~ : i~
To plaa and contiewo~slY kMP on ~M buildiu+qs now a M.~+f~N ~~~wr~ on said land and on ~li equipmee~ uid pN~ona~N cwK~d by ~his nwrq~
p~, with ~11 p~aniw~u tlwrwn pa~d in iull, fin icsur~nc~ in iht uwat iurti3ard po::cy torm. a sv*n agprovtd by ~M +MORTGAGEE, N+d wi~+d.~m
inwr+na M tM viwl au?d+rd pol~c~r f«m, in • wm •pprowd br ~M MORTW?GEE. in wch canP+~Y «~*P+~ies u tM MOR?GAGEE nwy
dK~ctt and al) fin u~d wie+d~to~m inswana PoiicK+ on any of saW buildN+p~. any int~1 tl+K~in a put tl~~of, in th~ +pqrpa~~ wm afpHafd a
~~c~u thK~ef, sh~ll con~ain th~ wwl standud mor~9+pN ciws~ a wch o~M. clws~ a tM Mon9pe~ m+tr nqu~n. m+kM~p ~M loa unda said pdF
cia. Nch ~+d ~vaY. WYael~ ro uid MORTGAGEE u ib iet~res~ m~y appNr. u,d ..ch a~d we+~? a+ch Poiicy .n+u b. ao~b sss:y~ed ,~+d d.~~~.d ro
~ny Mld by said MORTGAGEE u furtl»r s~auity ro i+id matyap~ dtbt, ~nd. not I~ss th~a ten q01 days in ~dv+na of tM ~xpir~tion of ~ach policy. ~o d~
livK ro~+id MORTGAGEE • ~~newal th~noi, top~dwr wi~h a re:eipt to~ tM p~nivm of wch ~en~wali ~~d ~Mr~ aMll b~ no fir~ w winds~am infwanc~
plapd an u+p of s~id buildinps any inta~sr tMr~in a put ther~of, w+ku io tM fonn'~nd wi~h ~he Ioss payabl~ N i~W~~~l M~ G1 iM ~vMf MY ~W11
of ,nawy baeo„NS p~y~bl~ ~e~d~ weh polky or pel;ei~s s~id MORTGAGEE ih+ll Mw tM option ro ne~iw a~d apply tM s~n» on +eaovm o~ th~ M~d~bted-
n~ss ..cw~d i~a~by or a permi~ s+d MORTGAGORS a~ecsiv~ and us~ it w aeY P+n thcreof fw other purposes, wi~hou~ tha.eb~ waivin~ o~ anpair-
inp ~+y pu;ty, IiM or ripht w~da a by vutw of this martp~t and in 1M twnt taid MORTGAGORS sM11 fw any r~aton fail fo ketp tM s~~d p«maes so
insurtd, a fdl W d~livu promptly any of s~id pol~cies of inwr~nu ro s~id INORTGAGEE. a f~il promptly M pay f~tly ~ey pr~eniwn therefa w in a~y
rtiqtt f~ll b pwfocnL discAuy~, ~xttvfe. ~:fetl. ca^Pl~f~. ton+p~y with and ~bid~ by thb cove~ant, w ~ny paA htreof. s+id NIWRTGAGEE may pl~ct ~~+d
p~Y for such Mwrana w any put tMrwf without w+Wirp w affMinp any optan, liN+. aq~ity. w ripht wd~~ or by virlw of this Mortpap~. ~nd the
full amovnt of Nch ~+d evay wch WYment aMll b~ invmdiaMly dw and payaW~ ~nd aMll b~ar inNryt from th~ daN fl+Kwf vntil p~id N tM ot
nin~ pK ca+tum pN +r.•wm and to~etha wi?h sucA interest shall be sacwed by tM li~n of this mortp+p~.
1. To p~neit, oom+st ar wffa no wut~, impaimw~t or d~t~ia~atan of s~id {xopKly or aM? p+~'t tM?wf•
S. To pay ~II u~d drgul~r ths.coits, charpa u~d ~xPa?ses, includ'ug ~ r~asonabl~ atro.n~y's_fe~ snd oosn of ~bstwcts of titl~, incvn~d or paid at
sny tim~ by said MORTGAGEE, b~caus~ or in the w~M of tM tailur~ on th~ pa~t of tM said MORiGAGOR w duy. pramptly and fully p~.fam, d.icha~
execvts. ~ff~d. canPle?~, aomplY w~th and ~b'~ by ~ad~ u?d ~wry ti~ stip~lations. +yra+ma+~s. oonditiora. snd oownaeM of aid p~omissay nw~ ~nd rlw
i^e?t9+pi +^Y a either. and said cos~s. chuqes and e:perws, Nch ~nd ~very. sMll b~ immediatcty dw ~nd pay~t wlwtMr w no1 tMr~ b~ no~ioi d?
mand, ~n~rnpt w eolt~ct or wit PMd~^0: snd tM full arnow~t of s~ch aed aw.y wch p+rmteN aMll b~u intera~ fran the d+~~ th~rwi w+ril p~id ~t N+t
rate of r?ine ptr centvm per ua~umt u~d all said cdsts, chir~ ~nd axpenses i~cwnd or p+id, topeth~r with sixh inta~st. ~h+l) b~ s~cured by 1M IiM of Mi1
^artD+p~.
A. That W in th~ went of any breach of this Morty+p~ or d~fault on the p+rt of tM NWRTGAGOR, w(b) in tM ~vem u~y of sa~d swes of morry
hentn nhn~d ro b~ not promptty u~d fully psid within thirty (30) days r.~xt afte~ 1l+~ same sevsnlly becan~ du~ ~nd p+yabb, withow dem+nd a noric~,
w(d ~ th~ w~M ~ad~ and ~very th~ stipulatioro. +9r~ements. cond~taro ~nd coven+nn of sa~d promisswy nore ~nd tlas mortp~pe any w s~~her u~ no1
iuly, promptly and fully pKformad, d~scM~ped. executed, effected, compkted. compl~ed with ~nd abided `~y, tMn in e~ther or any s~ch wMt tl» uid ~
piq~t~ wm rt»ntion~d h s+id promissory not~ then ~~maininp ~npaid. with intereit ~tuued. and ~II moneys f~tured Mr~by. tMll becwn~ dw ~nd WY'
abl~ forthwitly or ther~ahar, ~t tM option of said MORTGAGEE, ss fully and completely as ii sll of the said tumr of mpwy w~n aipin~lly ttipvlated ,
to be paid on svch day, snythiny in sa;d p?omitsory note a in this Mortgage ro tM contnry notwithsr~ndirg; ud there~pon w thereafter at tM option of
s~id MORTGAGEE. witFaut noY~ a demand, wit at lawr w in puity, therefore w there~fte~ bcgon, msy be prosetvted as if sll moneys s~cund hereby
had m~twsd prior to its inslitution.
7. ?hst in tFr went tMt at the beginnin~ of or st ~ny time pending soy wit upon thn Morfgye, or to foreclos~ H, or to refwrn it, a to ~nforca
payment of ~ny da~ms haeunder. aid MORTGAGEE sh+tl ~pply to thc Court Mvirg ju?isd~ction the~eof ior the ~ppantmeet of a Receiver, wcfi Ca~rt sMll
FatFiwitF~ sppoint a reuire~ of said mort9a~ed property all snd sin~ulu. intlud~ng ~II ~nd singular the income. p~ofits, iaues and revem?es from whatever
aource derived, tath and every of which, it bei~p ~xpreuly ~nder~tood, is hereby mwtgaged u if specifically set fath ~nd dewibed h IM 9ru?tinp and
t.abend~m clwsea h~reof. +nd wch Reoeive~ shall Mve ~II the boad ~nd effective fvna~ons ud powen in anywise entnnted by ~ Cou~t to a Rsoeiver. and
such ~ppoinm~nt shatl be msde by such Court at an ~dmitted equiry and a m+tter of ~bsolute right to ~aid MORTGAGEE, and wi~hout r~ferenct ro tM
~dequacy w in+dequacy of tM wlw of the poperty mw~yaged or to the sowency w inwlvency of ~aid MORTGAGOR or the defen~ants, and that such
renn, profin, incane, iuun uid rweaues .h~ll be spplied by such Receiver ~ccord~rg to th~ tien or equity of said MORTGAGEE and ~he practia of such
Cou~t.
S. To duh, P~~PNy ~nd fvlly perfwm, dixF~srpe, execute, efiect, complete, compty with ~nd abid~ by csch uid every the stipulaY~ons, ayreemanb.
conditans and covena~n in ssid promissory not~ and this mortgsge ut forth. '
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9. That in the wa+t the ownership of tM mortgayed premisea, w ~ny part thereof, becwnes vested in • person other tl»n the 1NORTGAGOR, th~
MORTGAGEE, its wmeuas and aui~m, may, wifhout notice to the NWRTGAOR, deal wirh such wccesaor a wuessa in interesf with roference ro this
mart9pt ud the debt hereby set~xed in the sarns manner as with Mwtgspor withoW in sny way vitiatinp p d~xhargirg the Nbrt~sgors' liability h~ra
under or upon the debt hereby seared. No ssk of the premises hereby mwfg~ed and no forbearance on the part of the MORTGAGEE w in successon
or assigns and no extensan of the time fa the p~ymem of the deb~ hs?eby secured given by the MORTGAGEE or in sucussas or assi9ea, shall operat~
to reMase, d~scMrpe, modify ch~rge a affect tM aigirnl Iiab~Gty of the MORTGAGOR herein, either in wlale or in put.
10. It is specifiully agreed tMt time is of the essence of ~h~s contract and th~t no waiver of any oblga~ion herwnder or of the oblip~Yan st
a:nd lwreby shall at any Ywne thcre~fter be held ro be a w~irer of the terms hereof a of the irotrument secured Mrby.
11. In additwn to the fwego:ng monthly paymems of prioc:p?I and interes! required by the prom~ssory nore secwed hereby, mwfgagor covenanri
and ~rees to p~y ro mortyx~ee w~~h esch momhly paymenr an sdd~ian~l.swn estimared by tnortgsgee to be equsl to 1/12 of the annual cost of the follow-
i ng:
A-All rea) property ta:es kvied or assessed against the above described re+l estafe.
B-Premiums on fir~ and windstorm insura~ce as herein req~~td fo be urried on the improvem~nb sitwte on the above desuibed preeiaes.
C-Premiums on such mortgage 9uaranty irovrance as mortgagee sball from time to time Qerrn'fit to carry on the loan secvred hereby.
j Mortg~gee ihall from ~ime to time notify mortgagw in writing of the amoum due and p~y~bk hereunder and wch wm shall thereupon be due and
' payable on the due date of the next mo~thly p~ymem and each successive montt~ ~hereafte~ vntil mortgspee sMll notify mortgagor of s change in s~xh
t amount. Such sums shall be spplied by mortgapee toward the p~ymeM of real property taxes, i~wrance prem.ums, snd mort9aye 9varanty insuranc~
premivms.
IN WITNESS WHEREOF, ihe said MORTGAGOR Ms hereunto aet his lund and sesl the day snd yeu fint aforassid.
s~.a, s.,~ .~a a~iw.. of: he r
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ne a ~ rk ~~,q
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W ~ tYle 8 8 , ~ rs.,q
STATE oe~~oa~ Ohio ~
Cu aho~a
courmr oF Y ~
~a.,,,. ~,,,,,ii,,,~,.,~~ Mey~?ood R McComb~. a WidoW ~
a m. we1~ known ,~,a k~ww~, w me w b.
tM `Ndivfd~Jab 'bd in and wFa ~xecuted the fws9oirg instrwnant, and xkrwwledyed b~fore me that ~executed th~ ssme for the purposes
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- ' ,~i~;~''"' ~ ~ - -~.u
_ : ~~''U~~•.C:~,li . Notary Pubiit ~
-~~~~~nss::::.•~` ' My Cortuniuion xpirea: ~
' ~"X^ T°~ HOWARD J. MOTTS, Notary Public
fkq f.~a..d s.vinp. a toae~ /1u«ia,~on
or F«~ P~«<e. , My commission expires Mar.19,1969
Fort Pierce, Flo.ids
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