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To plao~ ~nd confinuovaly kNp a~ tM buildirgs now or hasaft~r 4tw» on uid land snd on ali pvipen«M ~nd pKSO~~ih covK~d bY ~his ~^°~q' (
p~, wiM ~11 pnmiwna ?ha~an p+~d in full, fih insuanc~ tn ~M uswl standud policy form, in a swn approwd by tM MWtjGAGEE. +^d wi~+~ror'n (
iraw~nw h t1M uwal tqndad pa~cy iaen, in ~ ium approv.3 ay 11w J~ATG:.vLt. fi s;::h ra:r.-.s:cy or ta.^.gs~?~t ~ rM ~TC,AC',EE nwy ~
~Mt w+d ~11 fln a~d wind~wrm iiawaeo~ poliues on u+y ol i+id lwildi~f, ~ny int~r~lf 1hN~in O? part tIN~lO{, in th~ +pp~pat~ awn afor~s+W a ;
In ~xaa tlwwf, sAall contaY+ tF» uiwl standxd mor~ya9~+ claus~ a such w1+K d+~ ~s ~M Mat~+qe~ n?+Y nq~+w~. m+ti^O tM bss w~d~+ uid po1F :
ciN, ~ad~ ~nd ~wry. p~YaW~ ro s~id MORTGAGEE ~s its ietereit mar ~pp~ar. u+d e+c~ and tvery such poliq shall be pro~nptly aa:9ned and d~livK~d ~o ~
.~ny INId by aid MORTGAGEE ~s fwthN uewity to s~id mor~~s~ d~bt. ~nd, e+W I~a th~n ~eo l10) d+~rs in adv~nc~ of tM ~xpb~tion of ~aeh poliey. ro da
liv~r b wW MORTGA6EE • r~wsl tMnof, wyetMr with a receipt fw ~M pnmiwn of such renewdr and ~!»n ~i++~~ b~ no fu~ w windslwm Inwwnc~
plaad on any of ~W buildinp~ any iet~rNt thK~in a part thereof, unleu io ti+~ form ~nd wi~h ~he loss paysbt~ u ~iw~s~ids +~d M tl» ~vent ~oy wn?
of nwMy b~cams p~yaW~ und~r such policy a polrci~s ~aid MORTGAGEE shall Mw tM op~:~n to receive u+d ~pply tM s+e» on +ccow~~ of ~h~ G+d~bted~
nN~ sttwed Iw~tbp w b pamit s~id MORTGAGORS fo raceiw ~nd vs~ H o? •ny put thereof fw o~her purposes. w~~hout thaeb~ waivi„y w,mpair•
ina anY puity. INn a rtpht wKle~ or by virtw of this mortyaq~j ~+d in t}w ~wnt s~id MORTCaAGORS sMlt tor ~ny rtason i~il to ke~p the s~id pnn+ise~ so
lnwred. w f~il b d~livN promptly ~ny of taid policies of ieuur~nc~ ro said MORTGAGEE, w iail promp~ly ro p~y fulty a~?y pr~miwn tFK~efot a in ~ny
nsp~ct fail b pKfain, d'acl~arp~. tx~cut~ ~fiect. oony?I~t~. comply with u~d abid~ by this oovM++nt, a any put M?wt, said MORTGAGEE m~y pl~p ~nd
paY for such 4auuoo~ or ar?y Wrt thK~of without waivinp or ~ff~dinp any option, li~n, puitr or ripht w~dN a by virtw oF t!?is Mortpap~. ~nd th~
full amovnt of esch ~nd wKy such p+ym~nt sh~ll b~ imn»diat~ly dw ~nd p~yabl~ a+d sh+ll b~ai ii?tercs~ from th~ dat~ thHeo( until paid ~t th~ ~at~ ol
'rn pN antum pw amum and to9ether with wch tnterest sh+ll be secvnd by th~ li~n of this mat~~p~.
1. To pKmit, aann~it or svffu no w+st~, hnp~'urn~nt a detNiw~tion of s~id property or any p~A thereof.
S. To pap ~II ~nd sGpvlar th~ coat~, charp~s ~ed ~xp~mes, incl~dinp ~ reawrnble ~ttorney's fee sod costs of ~bstr~cM of titte, incun~d or paid at
~ny tkew by said MORTGAGEE. b~caus~ w~ the ~wnt of the failur~ on ti+~ p+rt of tM iaid MOPTGAGOR a duly, p.omptly ~nd fully pKfwm, dixMr~,
~x~cvt~, ~ffW, oompl~t~. aomply with ~nd abid~ by ~sch and every tM sNpul~~io~s, apreemenrs, conditions, ~nd oownann o( said pr«nissory noa ~nd ~h4 :
nwrpp~ ~ny a ~it1+N. ~nd s~id eosn. chu~s uid expMSei, each ~nd ~w?y, sh+ll bt immediat~ly due and payablr, wheihe~ a nor ther~ be r.otic~ d? i
en~nd, ~tMmpt b oolNct w wN p~ndinpj and tM ful) ~mount of each and e~e~Y svch p~yment sMtl bear intKKt f~om tM date the~eof until paid H tM
rat~ oi nln~ pK oentwn per annum; u~d all s~id msts, charg~s ~nd expenses incurred w paid, together with such lntsrut. ~MII b~ wcvnd by tM lise of tho
na~Qap~-
6. 1h~f in th~ wMt of any brsach of this Matyap~ w d~faul~ on tlr pan of the MORTGAGOR, o~ (b) in the ~wM any of said sw+a of mo~ey
!?KNn nfen~d ro b~ not promptly u~d fully p~id within thirty (30) days next afta the s+me severally becom~ dve ~nd p~yabk. witlaut d~mand or ~otip,
w(~ In tM ~wn1 ~ad+ and ~wry fl+~ stipv:atioea, ~gre~rnents, conditions and covenann of s~id promiuory nots aod this enortpap~ any or eitlwr ~n no1
~uN. pranptly ~nd fully pKform~d, discMrped, execvted, effected, compMted. complled with and ~bided by. tFrn in tither w any such ~wnt tM aid p~
prp~b swn m~ntiornd ln said promiuwy note then ranaininp unpaid, with intaest ~caued, and atl moneys s~tvnd. lweby, shall becorn~ dw and p+Y~
~W~ ~OffFlwiNl~ M tlNfNftM. at tht option of said ~AORTGAGEE, ss fully and canpl~tely ~i ii all uf the said suma of mon~y were aipin~lly stlpul~ted
ro M pa;d on wch d~y. ~nylhiap In said promissory ~wte or in this Mwtga9e to ~he conrrary ~otwithstsndinp; ~nd ~Mreupon o? ther~afta ~t ths opiwn of
s~id INORTWI~3EE, withoW ootic~ w dem~nd, wit ~t I~w w in pvity, therefwe or thereafrer be9un, enar b~ prwacvtd u if all montys s~cur~d Mrtby
hal! rtwlw~d prqr 1o ib irotitvtan. ~
Th~t in th~ ~wnt tMt ~t th~ be9inninp of or at any time peodinp any wit upon this Mwtyaye, or to Mnclow M, or ro reform h, or to enfwa
payment of ~ny daimt M?eunder, s+id MORTGAGEE shall ~pply to the Cour1 h~ving jurisdittion thereof fw th~ appointm~nt of ~ Receiw?, wch Court ~MII }
forthwMh appoint ~ nctivw of si mortpapad prop~rty all and singulu, includ~np all and singvl~r tM incorr», profits, issuet and rewnues ~ran whatwK ~
wwu d~riwd. ~ad~ ~nd ~very o~whKh, it beinp ~xpressly unders~ood, is F+e:eby mwtgaged as if speufiully ~t fo.th sod dMCribed In thi pranrirg and ~
hab~nJum clawn Mnof, ~nd sud+ Reuiwr sh+ll have ~II the broad and effective funct~ons and powen in anywise ent~usted by ~ Covrt t~ a Recsiv~r. ~nd
~uch appointmtnt ~hall b~ enad~ by wch Courf a ~n ~dmitted equity ~nd ~ rn~tter of absolute rigfit M said MORTGAGEE, and withouf refeter~c~ b th~
~dpuacy a in~d~qwcy of ths wlw of the property mwt9~ged or to the sonrency or i~solvency of said MORTGAGOR a the deferxlants, ar+d that ~uch
r~nt~, profin, inoane, iaws and r~venues sMll be ~pplied by such Receiver ~ccordiny io the lie~ or puity of s~id MORTGAGEE ~nd ~M practia of wch
CaiA.
8. To dely. ~ry .~d fi,iy P..fo.m, d-~»?~e, execute, effect, oomplete. comply with ~nd +bide oy ~ad~ ~nd ~very tlw stipulations, apr~n»,
cond'dbro w~d coven~nn in said prantssory nor~ and this mwtgaye se~ fwth. "
9. TMt in tM ewnt the owneniNp of the mortg+~ed prcmises. or ariy part tFrcreof, become~ v~hd in a person otMr th~n the MORTGAGOR. th~
MORTGAGEE, Mt wcnswn and assipns, may, without notica ro the MORTGAOR, desl with such succ~ssor a wcc~ssor in iMereq with r~fer~nct to thb
mortpap~ and tM dcbt hereby sacurad in tM s+me manner as with Mwtgagor without in any way ritiatinp or distM~yinp the Mortpa~ws' liability htrt
under w upon t!w debt hereby secured. No ssle of ths premises hereby mortgaged and eo fabear~nce on tFK part of tF~e MORTGAGEE or its succeason
w auipro and no extensan of tha time fw the payment of the debt hereby secured qiven by the MORTGAGEE w its tuccsuors or auiyra, sFull op~rat~
ro rNeas~, disdwtp~, modify d~anp~ a affect tM wiginal li~biliry of the MORTGAGOR herein, either in whole w in put.
10. It h~peafically ~preed that Y~me b of the esscncs of thia contract and that no waiver of any obligation herwnder or of tlw oblipation sr
cund lMnby ~hall ~t ~ny tim~ th~reah~t b~ heW to be a waiver of the terms hereof a of tl~e instrvmcnt aecurad herby.
11. In addition to tlx fwego:ng monthly p~yments of prin~ pal snd interc~t required by the promissory note secured hereby, mortyagor tovtnant~
and ~yrNS to pay to mortgsgee with e~ch momhly payment sn ~dd~rional sum est~mated by mortgs9ee to be eqwl to 1/12 of the ~nnual cost of the follow- ~
inp:
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A-All ~eal prope~ty t~xes kvied or ~ssessed againat the above dcuribed real estate.
d-Prsmiums on firs and windstorm insurante as he+ein requ;red to be urried on the improvemeMS sitwte on the sbove dewibed premi~es.
C-Premiums on wch mwtgay~ gwnnty insur~nce as mortgsgee shstl from t~me to time deem fit to carry on the loan secured herebyti~~~~~~~~~,~~
Mprtps~ee sh~ll from time to time notify mortgagor in writing of the amount due and payaWe hereundcr and such sum shall ther~~ be c~t
psyable on ths d~e dste of the ne:t monthly paymeM and each successive month thereafter until mortgagee sh~ll notify morigagor qfi'i chsnA~.i4.~udt:,
t .
~mount. Sucfi sums ah~ll be applied by mortgagee toward the psyment of real property taxes, ins~rance prem:ums, snd mor1gsys~~~pwr~fSr,• i~V ~
pr~eniwnt. ~ ~ ~ ~ / ~ r - }
N WITNESS WHEREOF, th~ said MORTGAGOR hss herevnto set his hand and seal the dey and year first ~fores~id. ,
i»d. .na d.~~ e~ar~c. of: CA N HO , I~~' ? ~ s c~
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Atteat: ~
Anne C a llen
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STATE OF FLORI~A COUNTY OF ST. UKIE
I HEREBY CERTIFY, That on thi sy of OCtobeT' A.D. 19.~6
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before me personally appeared Wi l liam C e l lan a~ Anne C s l lan
respectively ~hQ President and Secretary of
CALLAN HOME3, INC. ~ a Florida Corporation, to me
known to be the peraons describsd in and who executed the foregoing instrument, and severally acknowledged the exe
cution thereof to be their free act and deed as such officus for the uses and purposes therein mentioned; and that they
affixed thereto the official sssl,Qf.~t~"o'dFpo~rption, and the said instrument is the att and deed of said oorporation.
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WITNESS my hand and official rseal•~t ~Fo~' fier d oounty and state.
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FIl.EO ANO RECOROED : ' ~ '
ST. WCIE COUNTY. FLA. Notary Public, in and for State and County aforesaid.
R~CORD VERIFIEO ~ My Commissbn Expires: Not~ry 1~c, St~ of Flaid~ at t~rqe
' Mr CM¦issio~ E:pi~es Sept. 23. 19b9
~..~w b Mu~.. F:. a w.+. c..
~e r~T 3 - r~ ~ 3s ~ ~ _ . .
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ROGER PaiTl[~~
r~K ~~FrU1T COURT % BOOK~~ PAGE ~t~~ ~
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