HomeMy WebLinkAbout2688 3. To pl~c~ ~nd conrlouovsly ke~p on ~M buildinp~ now a h~r~ahK fituat~ on said i~nd ~nd on sll equiprtKnt and pasor?~Ity cova~d by thi~ enort~
p~, witA_~II premiwht the~eoe? psid ie+ ful4 fin insuranc~ in the uiwl ~undard polity tora~, ~n ~:urn app~ovtd by th~ MORTGAGEE, ~nd wfndNOrm
~n~wanc~ tn th~ wual •~and~rd pol~cy fam, in a a~m approved by ~M MORTGAGEE; in such comp~~y a compani~s u t!» MORTGAGEE may
dindt ~nd .all fi~~ and w~?orm inwranc~ poliNet on any of taid buildinqs, ~ny ielenat tAtrein w part therwf, in ti» pqre9att swn ~fortaW or
in ~xau IMreof, ahall contain ~h~ viual standud mortqapt~ claut~ or ~uch oth~r ct~us~ u tM Mat9~Qt~ m~Y ?pu'u~. m~kirg tM lou u~ aid po14
ci~s, each ~nd ~wry, payabl~ b uid MORTGAGEE as iti int~rest may ~pp~a?, and each a~d ~vKy zvch-pol;cy ~hall b~ promp~ly ~si:yned and dtlivK~d ~o
w4~ Av uid MORiCsAGEE ~s furthK a~tv~itY to said mortpape debf, ~nd, not I~u Ihan t~n (t0) d~yt io adwnc~ of t1M eYpu~tion of tach policy, ~o d?
liv~r 1o said MORTGAGEE • rtnewal the~eof, 1op~t1~ witA a receipt ta the pr~mwm oi suci~ r~r?awai; ~wi ii~• s~~.ii c.a +.~i ::r3 ~r ;:'r. ;t.r~ f:*svra~^*
pl~nd on ~ny of said buitdirgs. ~Mr intaat tMr~~n or pa~t thereof, uesl~ss in ~M fwm'and with ~M bss p~yable ~s •tats~idj u+d in tM ev~nt any w~n
of mw?~y becana p~yabl~ vnder such policy or policia sa;d MORTGAGEE shall h~w tl» op~~on ro ~eceiw and ~pply t!w s~m~ on ~ccowN o1 tM ir+d~btsd-
nest ~scvr~d her~py ot ro pttmit said MORTGAGORS to rKeiv~ u+d vs~ it w any put the~eof fp oth~r purposes, without th-reb~ waiving w~mpair• ~
iry ~ny pvity. IiM w riqh~ unda or by virtue of ttw mort~~~; •~d ;n th. .,~e~,r s.d MORrG~GpRS •hall for any •.ason fail io ke.p rh. s+~d pra+~~scw w
;nsur~d, w f~il to deliver promptly any of aid polKies of iruu~ew to said MpRTGAGEE, a fail promptly to pay fvlly ~ny p?em;um ther~for w in any -
rasp~ct fail b pKforM, diichu9e, uecut~, ~ffM, compkt~, comply witA ud abid~ by this covenant, a any part herwi, ssid MORiGAGEE may plac~ and j
p~Y fc? such tnwrarx~ or any pan tM.eof without w~lvirq a ~ff~ctinp airyr optia?, ti~n, puity. or ~iyht w+de? w by vi.tus of thii Mwt9a~~. ~nd ~he =
full ~moum of ~ach ar~d ~wry such p~ymsnt iMll b~ imreNdiatdy dw ~ed payabl~ ~nd sAall bea? intstest from th~ date therwf w?~il paid N th~ rat~ of ~
nin~ pK c~nwm per annum and togetAer with sucA interett sRaN bs sscured by tl~ litn of thij I»wtyaps.
To pKmit, aommit or suffsr no wast~ Gnpa'umenf a deteriwation of s~id propMty or any part thereof. ~
3. 7o pay aif s~ si~s~u;ar strs ~costs, ch:r~s ~ s:grn~, e~.cls.d4ng s r~sson~bk atfomey~ fee and cosri of ab~tracts of title, incvrred w p~id a~ #
any tim~ by sa~d MORTG/1GfE, b~caus~ or in tF+e went of the failure on tF~e pan of tM takl MOttTGAGOR ~o duly, promptly ~nd fully perform, d~uFyry~ i
execut~, effep, oompl~t~, comply w~th and abcdf by each ~nd every tF~e ~tipulatiwu, .g,eemenrs~ cw~d;riora, a~d covenann oi said promissory noa and ~hi~ '
~„atg~ye any or eitl+er. and sa~d costs, charpes and ex s. each ana ' w:
p@fl{! !VlfY• fMll p~ Imrt~ui~iCiy uvt ~iw Miji.n.~ w v.. _ .
mand, aftempt ro tollect or wit pe~ding; and tM full xnounl of each and every such psyment sMll be~r inte~est frons the date the?eof until paid ~t 1he
rate of nir~ per centum per annum: and all said cbits, chsryea and expenies i~cwred w psid. toge~Mr with ~uch i~terpt, ~hall b~ a~twed by tht li~n of thit
mwtp~.
6. TMt (a) i~ the evenf of a~y brc~ch of this Mortyp~ or d~fault on ths psrt of the IKORTGAGOR, or (b) in tha event ~ny of =aid swru of erwney
hetein ~efa~red fo be nof piomplly and fully p~id wi~hin thirty (30) d~ys r?ext after 1he same seve~ally become due ~nd payable. witho~t dem~nd pr ~oYite,
or (c) in tM ~wnt e~ch and ~very tl+e stipulationa, ayree+nents. conditions and cown~na of sa~d promiswry note and th~i matpape any a either ar~ no1
iuly, prompNy and iutiy p~r(a.m~d, d~scharyed, exetvted. effbcted. completed, compl;ed wi~h end abided by, then in either or any such ~wnt ~M said ap. ;
s~te sw++ ment~on.d in said oranissory note thcn ram~ininp unpaid, with inter~st scuued, and all moneys secu~ed hereby. sMll becnme dw and pay. F
~bl~ forthwith, p thereafte~, ~t th~ option oi said MORTGAGEE. as fully snd compfetety as if ati of the taid wms oF morwr were a~Qioaliy ~tipui~ted
ro be pa;d or~ s~ch d+y, any~hing in uid prom~ssory note or in thia Mor~p~ye to the contrary notw~thstand~ny; and thereupon or thereafter at rh~ opt~on of ~
said MORTGAGEE, without oorice a demand, wit at law w ie equity, tAuefore w there~her begun, may be prosecvted ~s if all moneya secured hareby ;
had mafurtd prior fo its insfifufion.
7, That Fn tM ~vent thaf at fhe beginning of or at any time pending soy s~it vpon this Mongsge, ot to fwecbse it, or to refwm it, o? to enfwp +
aar~++ent of any clauns he~eunder. sa;,d INpRTGAGEE sMll apply to tF~e Court having jurisd~ction thereof fa the ~ppo~mmHU of a Receiver, svch Court sMll
fortfiwith appoint ~ receiver of said mort9aged property aJl and :inyular. includmg sll and sirgutsi ~he income, pro(ils, issues ~nd revenues from whatever
wurce derived. each and every of which, i~ beinp expreasly unders~ood, ia hereby matgaged u if speuficatly set fath and dcscribed in the 9ranring and
habendwn clauses hereof, ~nd such Rcc~iver shsll have all the broad ~nd effettive functwns and powers in anywise er?lrusted by ~ Court fo ~ Receiver, and
sucb sppointment shall be made by such Court ~s sn admitted eqvity ~nd a msttcr of absolute right to said MORTGAGEE, and without reference to ths
adeq~acy a inadeqwcy of the v~Iw of the property mortg~ged a to the sonrency a~nsolvency of sa~d MORTGAGOR w the defendanrs, and that such
renn, profin, income, iuues and revenves shal! be appliad by such Recciver xco~di,~ fo the lien w equity of said N10RTGAGEE and the pr~ctice of such
Court.
8. To d~ly. promPtlY and fully p~?fwm, dischs?ge. execute, eHect, complete, oomply with snd abide by each and every the stipvlations, sgreements,
co~ditiom ind cover++nts i~ sa~d promisswy note u~d thu mortysge ter forth.
9. That in the event the ownership of the mortgaged prem;ses, p ~ny put thcreof, becomet vested in a perwn other than the MpRTGAGOR, ths
MORTGAGEE, ib successors ~~?d au7gns, may, without notice to the MORTGAOR, deal with such successw a successor in interest with reterence to thia
mortgape and the debt hereby aecured in the same manner as with 1Nortpagor witho~t in any wsy vitiaring or discharging the Mwt9agwi liability here.
under p upon the debt hereby secured. No sals of the premises hereby mo.tgaged ~nd n0 ~wlxaranCe on Ih! part of the MORTGAGEE w its successon
or essigns snd no extension of the time fw the payment of the debt hereby securcd given by the MORTGAGEE or iti tuccesson w assipns, shall operat~
ro reteau, dischary~ modify dunge a affecl ths orig;nal liab~tiry of the MORTGAGOR herein, tither in whok o? in put.
10. It is specificslly agreed tFut time is of the essence of this conrr~ct snd that no waive~ of any obl'gatan here~nder or of tM obliy~Yan se- fi
a.red hereby shall at ~ny iune tlxreafter be held to be ~ waiver of the terms hereof or of the instrurt~ent seturcd herby. ~
11. In addiYron to the forego:ng monthly payrnents of p?inc'p~l snd interest requ~red by the promissory nore secured 1?ereby, rteorlgagor covensnts ;
and agrees to pay to mortgsgee with esch monthly payment an add~~anal sum esrimated by mortgagee to be equal to 1/12 of the annual cost of the follow- j
ing:
A-All real properry taxes kvied w asussed agai~st the above deuribed reat estata
B-Premiums on fire snd windstwm inau?ance as herein requ~red to be u?ried on the improvements situate on the above desuibed premise~,
C-Premiuma on such mortgage gwrany insurance as mortgagee shall from t~me ro time deem fit to urry on the loan secured hereby,
Mortgsgee ahall from time to time notify mortgagor in wr;ting of the amount due ae?d payable herevnder snd such sum shall thereupon be dve ~nd '
paysble on the due date of the next mw~thly payment and exh successive month theresire~ urtil mortgsgee shall notify mortgagor of e change in svch
amount. Suth iums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, ~nd morlga9e guaranty i~surance
premivms. '
IN WITNESS VYHEREOF, tlx said MORTGAGOR has herevnto set his hand and seat the day ar~d yesr fin aforesa'
a
Sip+Nd, S~aletj ~n I' ed in tl+~ resence of: i
Q~L~~~
•n
n
n
n
STATE OF FLORIDA ~
St. Lucis ~ ~
covNrr of
d.f„~ „w pe„o,,,u ,pp~,red Lloyd Teylor `
C~otilde F. Taylor '"d ~
his wife, to me well known ~nd known to me to bs :
the ind~vduab detcnbed in and who executed the fwepa instrvmeM, and acknowledyed before me that they executed the sam~ fw the purposes ~
therein .~~.e...d. n„a tn. ~G lotilde F. TavZor
w~re ~ rh. ,.~a Lloyd Taylor 3
opon ~ sep~r~ts sod privat~ ?
examin~tan by m~ ts4en scparate and apan from her said Fwsb~nd, ~chiqwledp~d t~ and before rn~ that she exeaited s~id irotrument freely and vdun- ~
rarily Md w7thout arqr compulsion, conatr~int, sppre or f~u ~ a f?«~+ f».•~~a ~
June
WITNESS my hsnd aew! offieial ~eal thi~ _ day of A. D. 1966
. .
tsry P~blit in ~nd fw the Stats of fbrida at larpe :
Retwn Ta FILEO ANO RECOROEO Mr co~?m~u~«+ ex~?~s: 3,/i8/~8 ?
~.a ~.~.s.Kroy ~;,,;a,T. IUCIE COUNTY. FLA. ~otary Pub!`c, State of Ftor;da at Lar~~ ~
Fo.r`:p~yce. RECORD VERIFIED tfy Commiss:on Expir~s ~}areti IS, 1Q58 ~
-~~'Fart' ~k.c~,• ~b.;d, B:,nc~e~ By American Suraiy Co. oi i~i. Y.
~ = . ' ' - - '~6 i!:~' 6 PM 3 : 36 ~
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.`~C: .:1". CLERK CIRCUIT COURT
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