HomeMy WebLinkAbout1289 To plac~ and conrinuousty k~ep o- rM bvitd~n~s now or hNeaft~r s~tusq on said I+nd uN! on ~11 pu{pn~M ~nd pason~lly cov~?~d by tAi~ nqrl¢ ~
sgs. with all p~emi~m~ thawn pa~d in fv1l, fire insura~te in th~ viwl standard polity form. i11 • swn app~Owd py tM MORTGAGEE. Md windatwn~ '
~nsurs~ct in tM vswl trandard pol~cy form, in ~ sum approved by ~!w MORTGA('sfE, in wch company cv oompuwss ~s th~ Al10RTW1GEE may
dirett; ~nd a11 f'u~ u+d windstwm inwrance poi~ues on any of said build~npa, ~ny ietK~st tl+K~in a put tAa~of, in th~ pprepar~ ~~fo~„aid o~
in excess the~wf, sh~ll contain ~Ae viwl 3:s::~~d mor~gagee clsusr O~ futh OtIN~ tIN?M ~f tIN AAWt~~N ~MY tpyi~/, IINltinp thf btt 1N1dK Nifl p01F
c~as, eath ~nd evtry. paYabte to said MORTGAGEE as its inierest may sppea~, and sach and twry wch polity shall b~ pranptly qs:~n~d and d~liva~d M
sny Mld by said NORTGAGEE as furrher security to sa3d mort~age debt, and, not Mss than t~n (10) d~ys G+ adv~nq of tht ~xpiration of ead~ polity, W d?
Irver to iaid MORTGAGEE a renewal thereof, to~e~M. wi~h ~ rece~pt for the premium of such rsoe~walt and 1hN~ aha11 M no fir~ o~ wi~dstorm tofwanc~
pleced on ~ny of taid buildin~s. ~oy intcrest thete~n w pa~t thereof, unleu in tl+e f;tm u~d with 1M bss p+Y~bl~ as ~fwswidt and i~+ th~ ~v~n1 any wm
of mon~y bscomes p~yabl~ ~~de~ ~,~h paKy a~IK~ ~;d MORTGAGEE iMll h~v~ tM option ro rsc~iv~ and ~ppty th~ sam~ on aceount of ~hf k~l~bMd-
ness secwed ha~by pr a pe~mFt ~sid AAORTGAGORS ~o reuiv~ ~nd usa H p any part thereof iw other pwposes, withouf thereb~ waivinp w imp~i~-
ing any equity, lien w riyht vnde? or by virtue of this mo:tyage; and in t)w ~vent uid MORTGAGORS th+ll fw ~ny reawn ia:i to keep tl+~ s+id pnmisa s~
~nwred, or fail 1o d~tiver promplly ~~y of said poiKies of inswancs ro said h10RtGAGFE, o. f~;~ a~v~h wr w~h +~Y P~~~~+~^ thK~fo~ or in ~ny
resp=n fail b perfwn~, discharge, execute, effect, complete, comply with a~d abid~ by this oovenant, a any put hsr~of, s~id MORTGAGEE n+~y ptaq ~~+d
pay for i~ch inw.anc~ er ~ny part thereof without waivinp w affectinp ~~y oplion, IiM, puity. w riqM u~der a by virtw of this Matpap~. and tM
t~!! amovot of each and ewry such p,yment shall be immedi~tely dw ~od p~y~bl~ uid sMtl beu int~rsst fran th~ da~~ tM~eof w?til paid N th~ raq ol
n~ne per ce~tum par annum and to~Nher with such interes~ shatl be secvred by th~ li~n of ihis motty~p~.
4. To p~?mit, cwnmit or wffer no waste. impairment or deteiqr~tion of sud property w ~ny p~n therwf.
S. To pay atl ~nd singul~r ths costs. cha?ges ~nd cxpenses, inc(udirg • reawnable attorney's fe~ and aosis of abstratq of titbr, k~cw+rd w p~W N
any t;me by said MORTGAGfE, because or i~ the event of the fa:leNe on ths pa„ of ~M asid MORiGAGOR b duly. promptly ~nd ivlly p~rform, di~tlwrq~,
exec~te, effed, complete, oomply w~th and ab:de by each and every the itipulatio~s, a9reen,enn, condi~iont, and aov~nts of said promtssory no1~ and thi~
morrga9e any w eithe~, and sa~d costs, charges and expenses, each snd every, shall bs immedistely due snd p~y~bl~s whath~? p not thtn b~ notiq dr ,
mand, attempt to collect or wit pend~ng: and ths full amouM of each aod every svch p~Ymsnt sh~ll bear imetpl fran IM dat~ th~?wf untit p~id ~1 tl+~
rare of nine per centum per arn,um; and all said costs, charges and rxpenses intvrred or paid, Mgethst with tuch InfNMt, ihall b~ sKVr~d by tFN INn Of thi~
mortgsge.
6. Th~t in the evcnt of any breach of thw AAwtgaye w defautt on the paN of ths MORTGAGpR, or (b) in th~ ~wnt ~ny of s~id ~unu of mon~y
heretn referred ro be nof prompfly and fuUy paid within thirty (30) days nex~ afte~ the ~ sere.aty beca,,. dw ,~d Pay,bk, witlaut d~m~nd a eatiq,
or (c) in the evcnt exh and every 1he stipulations, agreement:, conditiona and coven~~b of said promissory nots uid this mwfpap~ ~ny or NthN ~n nol
iuly, promptly and fully pe~famed, d~unarged, executed, eifected, completed, complied with and abided by. tI1M III fitMf Of N1r NICA fWM HN NIII ~
gregate wm mentioned in said promissory note then remaining ~npaid. witA interest xawd, and all monty~ s~cyr~d. htt~by. aFMll b~oan~ dw ~nd pap
able forthwith, p fF1lfNf1N~ at the option of ssid MORTGAGEE, u fully ~nd tompletely as if ~II of tF+e s~id swM of mwNy vr~r~ ocqiMlly ~t~pul~t~d
ro be pa;d an wth day, anything in sa~d prom~ssory note or in this Morrgsge to ths conrruy notwirhstMd~+pr and thK~t~on a tMr~ah~r ~1 th~ option of :
se~d MORTGAGEE, without nor'Ke or demand, suit at law or in equity~ tI1NQFOfQ Of ~F1lfNIfN be9~e~, nw~ b~ prowwtd a ff all mon~y~ Nwnd hsnby
had matured awr 1o iri institutiwf.
7. Ihat io the event tFwt at the beginn;rg of or i~ any time pend;ng any wit upon t6is Mortyap~, or tp fpndoN h, or tp nform h, or to enfo~p '
paymenf of any daims hereunder, said MORTGAGEE shall apply ro the Court havirg j~risdiction ther~of fa tM ~ppointmtnt of s R~ctivN, suth Cowf sh~ll y
forrhwith appoiM a receiver of sai~ mortgaged property all and singular, includ~rg alI and zingvl+~ tM incom~, prOfits. bswa ~nd nwnws frpn wtuf~vK
source derived, each ~nd every of which, it being expreuly vnderstood, es hereby mortgeged u if spKifiully Nt forth ~~d dNCrib~d In fh! 9r~ntirq aod
habendum clauses hereof, and such Receiver shall have all the broad and eftective functions and powen in anywis~ eMrwt~d by a Courf f~ • R~pivu, and
s~ch appointment shall be made by such Coun as an admitted equity and a matter of absolute riyht b s~id MORTGAGfE, and witFlout r+(N~nC~ q fh~
adequaq a inadeqvacy of The value of the p~operty mwtgaged or to the solve~cy or ;nsolvency of aaid MpRTGAGOR p N,~ def~nd~n», and that such
rems, profits, income, ~uues and revenues ~all be applied by iuch Receiver accwdinq to the lien or puiry of ~aid MORTG/?GEE and iM pradip o~ wd~
Court.
8. To duly, promptly and fuly pe~form, d~uharge, execute, effect, compkte, comply with and ~bid~ by s+ch and wKy tl» atipulations„ apre~nts,
conditior?s ~nd covenants in sa~d promiuory note and this mortgage set faih. '
9. ?hat in the event the owncrship of the mortgaged premists, p any puf thereof, beqornes vett~d in • pKqn Other fh~n tM IiAORTGAGOR, fh~
htOR7GAGff, i?s successoa and auigns, msy, w;thout norice to the MORiGAOR, deal with tuch aucussa or ~ssw in inter~at with r~f~rMp 1o this
rmorrgage and the debl hereby secured i~ the same manner as with Mortga9w withput in a~y way vitiaYug or ~stl+u~inp th~ Mortpapors' li~bllity h~?~
under w opon the debt hereby secured. No sate of the premises hereby mwtgsged end no forbtaranp on fM put of N~e MORTGAGEE or it1 wtttttOrt
o~ assigns and no extension oi the time for the payment of the debt hereby secured yiver? by fhe MQRTGAGEE w iri sutttswn p assipM, aFNll Op~wq
to release, discharge, nroJify change or affett the original Iiabiliry of the MORTGAGOR herein, either in whol~ w in put.
10_ It is specifically egreed ~hat time is of ~he cssence of this contract snd fhat no wdver of u~y obli~ation Mrwnder or of tlr oblipation ~
c~red hereby shsll at any time thereafter be held ro be a waiver of the terms hcreof a of the inttrwn~nt secund Mrby.
11- In add~tio~ to the forego:ng monthly payments of prin~ pal and interest rcquired by fhe promitWry npte secwed hereby, mott9~or ~ov~M~q
a~d ag~res to pay to mortgagee with each momhly payrnent an add~~ronal sum estimated by mortgsgee to be equ~l t0 1~12 of the ~nnu~l cott of fh~ fdlow-
in~:
A-All ~eal property taxes levied or asxssed agai~st ths above described real estate. a
S-Premiums o~ fire and windstorm insurar.ce as here'.n requ~red to be carried on the improvemenf~ situst~ on the ~bovs desv;b~d prur~is~s, !
C-Premiums on wch mortgage guaranty insurar=ce as mortgagee shall from t~me to time deem fif fo urry on th~ Ip~n seCUred h~teby.
Mortgagee shalt from rime to time rrotify mortgagor in w.it;ng of the amount due and payable hereundet ~nd wth sum shall therWpOn b~ dw and
r3yable on the due date of 1he ne:t moNhly payment and eath successive nanth thereafter until mortyagea th~ll notify mortgagor of ~ ehanp~ in su~h
a~~.ount. $uch sums shall be applied by mortgagee toward tF~e payment of real property ta:a, insvrance prem:vms, ~nd mortyaps ~uxMfy inwranc~
n'emium3.
, IN WITNESS WNEREOF, the said MORTGAGOR has hereunto xt his hand and sesl ihe day and ytar fint ~fores~id.
Sig~ Se~led ddivered in he p.r~
e of: ~y~ ~
! ~~L.G.~~ ( Y.~ i D/ 1~~Q/l YD ~ ~CL~ D p,
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~ rc~n
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~ S~ATE Of FLORIDA
~ Cv^UNTY OF - St ~ r.1] A # ~
~ Before me personally appeared MeZ~ A Hi 11 ~ a a ing le 9 dt 1 t
~ to me wep known ~nd known to er to b~
~ tha individwb desaibed in and who executed the foregoing instr~ment, and adcnowkdged before me fMt tt~ey exetuted th~ sarm for tFN pur~wtes
! therein e:pressed. ]d~tA[~Ei~ehr .
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, WITNESS my hand and official seal thi day of A. D. 19~ '
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; uy Public in and fw t~ at
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~ ,,~,.~~t~~*r; c~,?~ 9 1.3 L
a~~,.n ro: ~
; First Federal Savings b Loan Association •7~ ~w S~i~! O~ F{p~~ i{ (x9~
~ of Pierce. ` ' '1~ Co~,.rss;a, Ezpira Sq~. 23. 1965
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