HomeMy WebLinkAbout2537 To ptaa ~nd ca+tinuousiy ke~p on tM bui?ciirps +ww ar M~~+ftN sifw~~ on satd land ~nd on ~II ~quipm~nt and q.son~lly covK~d by this map~
with dl pnmiwew tF?Kwn psid in fvll, fi.~ insw~nco u+ tM us?•..: a~ndard policy fone~, in ~ tum approwd by th~ MORiGAGEE. ~nd wi~rorm
1nsw~no~ in ttM ~swl st~ndud policy fo~m, in a wm ~pprovad by ~M NWRTGAGfE, in wch canpany oi canpani~s a tl+~ MORTGACsEE May
dinct; and ~11 fir~ ~nd w'u~wrm inw.~nce policies on ~ny of aid 6uildinp~, any int~nst ~haein w pan therwf, in ~M pyreq~t~ iwn donsaid a
In sxuq tM.wf, ~hall contain tM vswl s~andud ma~gage~ cl~ or such o~ha claus~ a th~ Morty~ nuy ~p~ir~. makinp th~ !oa under a~ po1i.
c~~s. ~+d~ +nd rwry. p~Yabl~ ro aid MORTGAGfE ~a ~u io~e~est may appea?. ~+d ~ach and ~ve~y ivch policy sha11 b~ promptly su:~ned ~nd d~liwr~d ~o
any h•Id by sad /NOItTGAGEE a fuNher secv~ify ro s~id ma~9a~. dcW. ~ed, ~a1 tys tMn t~n (101 days in advu+t~ of tM ~xpir~tion of eath polity, to dr
I~~s~ to s~id /NpRTGAGEE • ran~w~I Nwrwf, topstAa wi~h a rsceipt fw tM pr~mium of such ienewalJ u~d tl»r~ sh+ll b~ no f'u~ w wiad~torm iruw+nc~
pl+c~d on any of sald buildirgs, ~y interest thsrti~ or p~~t the~eof, unleu in tM form and with 1M loss p~y~bt~ ~i aforts+id: a++d in tht went a~y tum
of mon~y ~ca~ws par~bl~ w~ wd? pdky pr pp~Kies aaid MORTGAGfE shall h~w tM option to recsive and ~ppty tM ume on acca,nl of th~ ind~b~ed-
ne:~ s~cw~d I~sby p b pamit said MORiGAGORS to wceive and use it w any part thereof iw othe~ pwposes, withouf lhaeb~ waiving a impair-
iny any p~;h. IiM ot ripht uala o? by virtu~ of thq mortp~et u~d in tM ~w~?~ ~aid 11AORTGAGORS shall fa aoy rsasa? fail to keep the ssid p~emises w .
~nsured, o~ fsil b delivH promptly ~ny of said policies of insurance ro ssid MORIGAGEE, w fail pramptly to pay fully ~ny pramium ~her~fa w in any
r~spect f~il b pe~forn~, disclwp~. ~xeout~, ~ff~cf. compl~ts, comply wi~h ~nd abids by this oownant, or aey pan Mr~of, ~sid MORTGAGEE m+y pl+u +nd ,
pay fa wch 4~wrano~ o~ any part thKeof wi~hou~ waivinp w~ff~ctinp anY optipy tie~, puiry, or ~yht w~der a!+y vi~tw of this Mor~p~pe. ~nd the
fuq amourN of s~d~ and ~wry wch paym~nt shall bs ii+wneJ'ately dw and p~~abb N+d ~twll b~ar intarat f~om tM dat~ thereoi ~ntil paid at tM ~at~ ot
n~ne p~r antvm p~r a~xwm and to~ether with :uch imersa~ ahall b~ secv~ed by tht IiM of this mwtya~e.
1. To pKmit, commit or wft~r no wasM, impaimKnt a dete~iaatan of said propKty a u~y put tberoof.
5. To p~y atl a~d siegular th~ costs, ch~ryes ~nd expa~sea, irxfudirg a re~sonable artwney's fee snd casa of abstrads of title, inevned a paid a1
sny tims by said MpRTCaAGEE, becav~e o~ in the ~vee~t of the failuro on tM part of 1M s+id MORTGAGOlt fo duly, promptly ~nd f~l~y perform, d~xhary~,
rxecvt~, ~ffecl, oaopl~t~, comply with and ~bide by ~ach ~nd every tM sY~pulations, ~yreements, tonditiont, and oovtnants of seid promiuory not~ and fhis ;
mortyap~ any pt ~itM?. and aid costs, duryes and ~xperws, each and ~very. shall b~ immediately due ~nd payablt: whether w not ther~ bt r.otic~ dr ;
msnd, atNmpt to tollect or wit pendirgs srK! tM full uoo~~t of each and awry wch payment shall bear intereit trom tht date there~f until paid at tM
rate of nin~ per centum per ~nnvm; se?d all s~id eosts, charges ~nd cxpensts intwrsd or paid, together w;th such lnter~q, shall b~ s~cured by tM li~n of this
^wrt9+~,
Q That i~ the ewnt of any br~sch of tha Nbrtysp~ a default on tl+~ part of the N?ORiGAGOQ or (b) in the ~vent any of ss~d ~ums of nwe~y .
herain referted ro bs not p~omptly ~nd fully paid within thirty (3p) days nex~ sher ~he same uverally becor.w due and piyabk, wi~hawt dsmand notice,
or (c) In !M ~vent eacA snd ~very tl+~ stipulatio~?s, agreements. condi~ions ~nd coven~nn of q~d promis~ory note and th~s mat~ape any p eithN ere no1
iuly, prpnpNy ~nd fully perform~d, dischsrged, execvted. effccted, compl~ted. compl~ed with and ab~ded by, th~n in eithK o~ any such ewnf tM said aQ~
pregete sum m~ntionsd in said promissory note tFeee~ re.naininy unpaid, wi~h interes~ xu~ed, and all moneys secured. hereby, ah.u becon,e dw .nd P.r +
aD1e fwthwifh, or thereaftar, at tM option of ssid MORTGAGEE, ~s fvlly and completely as ii all of the wid fwns of rnoney were aipinally sGputated
ro be pa~d on iuch d~y, anythinp in said promissory note or in this Mortyaye ro the contrary notwitAsrandinp; and thsreupon a there~fter ~t the option of !
•a~d MORTGAGEE, without notice or demand, wit at I~w or in eqvity~ tIllflFOfQ Of tIllfNI1N begun, may bt prosecuted u if ~II moneys secvred haeby ;
hed matw~d pripr tp its irutitutwn. ~
7. Th~t in ~M event tMt at tM beginning of or +t sny time pending ~ny wif upor? this Mortysge, or to forsclow it, a ro reform it w to enforp ~
PsY~~1 of any diims hereunder, s+id 1NORTGAGEE shall apply to the Cou~t h+?ving jurisd~ctio~ theraof fw tM appointment of a Receivet, such Court sh~ll ~
Forthvrith ~ppoint • nceivN of s~~ mortgaged propeny all a~d aingular, includ~ng atl and singul~r the incom~, profits, iuues and nvenves fran whatewr ~
source derived. ~ad~ and every o which, it beinp exp.essly urKkrs~ood, is hereby mortgaged as if spcc~fically set forth and descr~bed ln the yrantinp and ~
i,abendum dawes heraof, and s~?ch Receiver shall Mve all the broad ~nd eifective funa~ons ~nd powcrt in anyw~se N+trusted by • Coun ty • Receiver, and ~
we!~ sppointm~nt shall bt m~de by wch Court as an ~dmitted eq~ity and ~ matter of •bsotute r~ght ro ~aid MORTGAGEE, a~d without reference to tha i
ade.~uncy a i~ad~quaty of ths wlw of the p~operty mortgaged or to the sonrency or insolve~cy of said MORTGAGOR or the defendants, and that such
renn, profits, income, issues and reven~es shall be applied by such Receiver a~cordi~p to the lien « puiry of said MORiGAGEE ~nd tlve practic,~ of such '
Court.
8. To duly, promplly and fully pe?fwm. ~ischsrgs, e:ecvte, efiect. eomplete, comply with ~nd abide by sad~ and every the stipulatian, agreeenents, '
conditions ~nd coven~nts in said promissory note snd this mortgage set forth. ~
9. That In the event the ownenhip of the mortgayed premises, or ariy pin tf+creof, becomes wsted in a peno~ other tksn fhe MQRTGAGOR, tl+~
MOR7GAGEE, its wcces~on and auiprn, may, wilhout nofice to the MORTGAOR, desl with such succestor w aucceswr in interest with refcrence to thif ;
mortgs9e and the debt hereby seturtd in the same maru~er as with 1Nortgagor without in ~ny way vi~iatinp a discM~yirg the Mwty~gors' li~bility here- ~
under or upon the debt hereby secured. Pio ssie of the premists hereby mortgaged and no fabearante on ths pirt of ths MORTGAGEE or in suuesson ,
or assigns and no exter~siw~ of the time for the paymcnt of the debt hereby secured yiven by the 11110RTGAGEE w its wccessors or astigns, ahall operat~ s
io releas~, disd+srye, modify change or affect the wig;nal liabiliry of the MORTGACaOR herei~, either in wlwk w in put. ~
10. It is spetifically agreed that ti~+e is of the essence o~ this contract and that no waFver of any obli9atioe hereunder w of ths oblipation se-
cured h~reby she1l at any time thcresfter be held to be a waiver of the terms hereof or of the instrument setured herby.
11. In add;tion to the fwego:ng monthly payments of prin~ psl and '+nsere~t required by thc prom~swry nore iecu?ed hereby, mortgagor cown~nh
and agrees to p~y to mortgsgee with esch monthly paymem an addirional sum estimaied by mortgagee to be eqwl ro 1/12 of the annw! cost of the follow-
~ ing:
I A-All rNl property taxes levied or a:sessed against thc above desc~ibed real estate_
~ B-Premiumt on fire and wiodatorm inswance as herein requ~red to be urried on the improvementt sitvate o~ the above dexribed premisls.
C-Premivms on such mortgage gwranry insura~~ce as mortgagee sFwl1 from t~me ro time deem fit to urry on the loan secured heieby.
Mortgagee ;hall from time to teme norify mortgagor in w?iting of the anwu~t due and payaWe herevnder and such wm shall thereupon be due and
Fayable on ihe due date of the next monthly payment and each soccessive month thereafter ~r,til moregsgee shall notify mortgagor of s chsnge i~ such
amount. Such sums sha(1 be applied by mortgagee toward the payment of real property eazes, +rtsunnce prem:vms, and matgape Qusranty inwrsnce }
premiumf.
1
IN WITNESS WHEREOF, the sa«d MORTGAGOR has he?eunto xt his hand and seal the day snd year fint aforesaid. i
5 ned, S~al nd in the presence of:
~ ~ n
. ~ ~4-~
K--~
,
f
STATE OF FLORI~A E
courmr oF St. LuQie ~ ~
;
~ Befon ins persooaUy app~a?ed Chri s Gerard :
I ~.'ZaI'g E Gerard his wife, to me we11 known and krawn fo me to b~ ~
; rhe individwb dexribed in and who execvted the foreya?g instrument, and adcrwMrkdged before me thst they execvted the same for the pwpwes ?
j therein ex~a. w~a rh. ~l ara E. Gerard !
~ ~.ife of the said Ci11x'~8 GAI~a2~(~ vpon a separate and privata
! examinaYwn by me taken separate and apa?t from her said husband, ~du?owledged ro and befwe me that she executed said imtrurnent freely and volurt-
~ tarily and witi~oul any compubion, constraiM, apprehe~ns' ° oc,fear of or from her wid ?+~sband.
= WITNESS my hand and oHicial sesl thi: -'7 day of _ A D. ~9 66 ~
i -
~ otary Public i~ ~nd tor ths State of Florida at lu~e
Nty Gommission e
Return Ta ..•il ry~~ttr~, ~1iry PY~It. ~1! Of p0lidi +t (i~gt l
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