HomeMy WebLinkAbout2571 To pt~c~ ~nd contin~o~aly kesp on th~ buildirqs now a htreafta fitwte oe? ~sid I~nd and oe? all puiprn~m u~d p~rsonaliy cova~d by tAis morp.
p~. with ~II p~mium~ th~rwn psid in fuil, firo insuranc~ in tM ~sua! stands~d policy form, {n • fVT ~pprov~d by t1K MORTGAGEE. ~nd wie+d~torm
inwra~c~ In tM wual panda~d polity fwm. in • sum approved by ~M MORTGAGEE, i~ s~ch cwnp~ny o~ compani~s as th~ AAORTGAGEE m~y ~
d~rect: ~nd NI fir~ u~d windstorm in~w+nc~ policies on ~ny of said build~rgs, any inrere~r tl,erei~ o~ pan therwf, in tM apprep~t~ sum ~fa~i+id a '
In ~xnas tMr~of, ~hall contain tM uswl ~tindud mortgagee clavse a such otha clauie ~s tM Mor~pagee may reqv~n. ma4inp the losi unds~ said po1E
u~+. ~+d~ +nd ~vKy, p+yabl~ ~o s~id MORTGAGEE as its interes~ may ~ppear, ar+d cac~ and every sucA policy shatl be promptly ~~s:yned and detivered ro 1
•ny hsld by sa;d MpRTGAGEE as funhN ucwity to said mor~psQs drbt, and, no~ Ieu ~han ~en (10) days in advancs of ~M expir~tion of each policy. ro de~ !
I~v~~ 1o wW MORTGAGEE a ren~w~l thK~of, 1ege~hK witA a rece~pt for the p~emium oi such re++ewal; ~nd ~hH~ sh~ll b~ no f~n or windi~am inwranc~ ~
p~+c~d on sny of ~aid b~rildinps, ~~y interest therein w p~rt thereof, untess in tha form and with t1~e lou payabb as afwesaid; and in tM event any tum ~
ef n+a~ey b~can~~ payabl~ ~ndK wch policy er pelicies said MORTGAGEE sAa~l luve ~he op~an to receive ~nd spply fM s~me on accouro of tAe i~dsbted- s
neu yaw~d I+K~by w w p~rmit said MQRTGAGORS to receivs and uss it a any part thereof fw ether purposes, without thereb~ waiving w~mpair- ;
Inp +ny puity, lit~ o~ ripht urdt~ p by virtw of this morsyape; ~nd in the ~vent t~td MORTGAGORS thall fa any reason f~il to keep tM uid premiies so j
~nsund, or fail w dsliwr promptly ~ny of said policies of insu~anc~ to said MORIGAGEE, a fail promptly to pay fully ~ny premivm tl?erefa o~ i~ any
r~sp~ct f~il fo pu(oreq, discharqe. ~xecvt~. ~i(ed. compt~t~. compty wirh and abide by this mveoa~?. a u~y part hereof, said MORTGAGEE m~y pl~p ~nd
P~Y fa ~ inw~anc~ or any put thKeof withovt waivinp or sffectinp any optioe, li~n, pu~ty, or ~iph1 under or by vi?tw of this Matqap~, and the
full amo~nl of ~ad~ and ~very such paym~nt sMll be irtwnediatsly du~ ~nd payabl~ and shatt bear interest irom th~ dat~ tAcreof until paid at tM rat~ o!
n~~» pe? tentwn p~? anrwm ind toget!?tr with ~uth imerest shall be secvred by the lien of Ihis mortQagw
1. To pamit, tqnndt o? wff~r no wute. lmp~irment o? deteriwation of said property w any put thereof.
S. To pay ~II ~nd slnpvla th~ cosy, ch~~gq ~nd expanses, includirg a ressonable anwney i fee a~d cosn of abshactt of title, incurred a p~id it
•^Y t~ bY sa~d MORTGAGEE, becavse w in the ~wnt of ths failura on the pan of the said MORTGAGOR ro duly, promptty and iully perfo?m, d~scAary~
~xecut~, effect, oompl~t~ comply w;th arrd abtde by e~ch ~nd every the itipulatia~s, ~greeme~ts, cond~tions, and oownann of said promissory note and thi~
mort9ap~ any w~itha~. snd said cosq. chu~s u+d axpenses, each and every, sMll be immediately due and payable: whett+er w ~oi then be ratice dr
m~nd. ~tbmpt ro aolktt w svit p~ndirgj and tM fvll ar~w~nt of each and every wch psymem shall bear ;nte~est from tF~e date thereof until p~W ~t the
rare of nin~ pq c~ntum per ~mi~~y. ~nd a~~ sad costs, chargea and expenses incvrrcd or p~id, together with suth interett, ihall be setured by tht li~n of thit
"'ort9ap~-
6. ih~t tn ths ewnt of any bnach of this Mortgage o~ defavlt on the pa» of the MORiGAGpR, w(b) in the event ~ny of said sums of nwewy
he~dn r~fvr~d to M not promptly and futly paid within Ihirty (30) days r?ext after the same severally becoms due ~nd paysble, withovt dtmand or ~otit~,
or (c) 1~ tM ~wnt ~acA u~d ~very the stipulations, ~greements, cond~~ioni and covensnrs of s~~d promissory note ~nd th~s matpape any a eithe~ ar~ 001
iuly, promptly and fully p~rformed, diuh~rged, executed, effected, comptcted, compGed with and abided Sy, ther? in either o~ ~ny t~ch ~veM tM said ag
9reQate wm m~ntioned in said promissory note then remainiog vnpaid. with imuesf acuuld, and all moneys secured hereby, thall betome dw ~nd p~y-
~bt~ forthwitl~, or thKeaher, at tM option ot said MORTGAGEE, aa fully and complerely as ii all of the said suma of money we~e apin~lly ttipulaud
ta b~ paid on s~d+ day, anythlrg in sa~d promissory note or in this Mortgage to the contrary notwi~hsundiry: and therwpon a thereafter at tM option of
~~id MORT6AGEE. without notiq or dem~nd, iuit at law w in eqvity, therefue or thereafte~ begun, may be pro~eCuted u if all rrwneya s~cur~d I~q~by
hati m~tur~d pripr fo its Gqtitution,
7. Th~t in tM weni that ~t th~ be~inniny of or at any fime pending sny suit upon ihis Mortgsge, or to foreclos~ it, w to refwm It, or to enfap
p+Y~+t of any daina Mre~nd~r. said MpRTGAGEE ~hsll appfy ro the Court having jwisd~ction thereof fw tM +ppointment of ~ Receivar, wch Covn shall
forthwith ~p~,wint s nceivp pE sai~! morfpsyed property a~~ snd ai~yula?, includ~ng ail and singular the incoma, profits, iuues ~nd rev~nues f~om wfiat~v~r
wurc~ d~riv~d. ~ach and every o~ wFi~ch, it being ~xpreuly urKkrs~ood. is hereby mortgaged as if tpeciiic~lly set fath a~d dewibed le the yr~Minp and ~
habendym ttawes henof, ~nd svth Qeeeivtr shal~ have a~~ the broad and effective funct~ons and powers in snywiss entrvited by a Co~rf fy ~ Reteiver, and
~uch appolntrrNnt shall b~ ma~Je by such Court ai an admitted equity and a matrer of absolute rigAt to said MORTGAGEE, ~nd without refetenu to th~
adsquacy w inad~qwty of tM wlue of the property mo~tgaged or to the wrvency or insoivency oi said MORTGAGOR a the defendantr, and tAat such
renn, profin, incoms, i~wes ~~d rwemres shsll bs applied by such Raeive. sccording to the lien or equity of said N10RTG/1GEE and tM praaic~ of such
Co~n.
8. To duly, promptly and fvlly perform, d[scharye, execure, effen, compkte, comply with and ~bide by e~ch ~nd every fhe sTipulatians, a~re~rt~enh,
cond;tion~ and crnren~nts in sa;d promlasory note and this mortgaga sct fath. i
9. ?hat In the ~vent the ownenhip of the mortgaped premises. a a~iy pa~t thereof, becomes vest~d in • penon other tMn the MORTGAGOR, th~ ~
MORTGAGEE, in sucuuon and auigns, may, without nofice to the MORTGAOR, deal with such tucussor a wccts~or i~ interest with ref~renc~ to thi~
mortpaDt ~nd ths debf hereby set~red In th~ sams manner as with Moitgagw without in sny way vitiating a d~xhargirg the Mortyspors' liubility hcr~-
under or upon flw debf Mreby securcd_ No sale of the premius hereby mortgaged and no fwbeararsce on tF?e part of the MORTGAGEE w iri tucceuors ~
or ~uipns and no extension of the time fw the payment o~ the debi hereby secured yiven by rhe MORTGAGEE or ifs ivccessws a su;p% shal! op~rat~
ro nleaf~, ditcharye, modify tha~g~ or affect the original liabil~ty of the JNORTGAGOR herein, eifher in whole or in part.
10. If b apecifkally spreed that time is of the essence of this contract snd that no waiver of any obligaian htreunder w of ths oblipaYan t~-
cured henby shall at any tlrn~ thercaher b~ held to be • waive? of the terms Ixreof or of the instrume~t secured harby.
~^a^ Y PaY~^eM an a ~~ona su ~
~^4~
A-All real ptoperty faxes kvied or asxssed against the above described real estate.
B-Pi~miums on iirs ~nd windstwm insurance as herein requ~red to be carried on the improvemenn situate on the above desaibed premises.
C-P~smiums on suth morfgag~ qwranty insurar~ce as mortgagee shall irom time to time deem fit to urry on tF?e ban tetured hereby.
Mwtysgee shall from time to time notify mortgagor in w~ifing of the amount due and payable hereunder and such sum shall thereupon be dw snd
payable on fhe due date of the ~ext monthly payment and each successive month tliereafter ur.til mortgagee shall notify mortgagor of a chsnq~ in such
emount. Such iums shall bs applied by mortgagee toward the payment of real property taxes, ir~~rance prem:ums, end mortgage gwranty i~surance
premiums.
tN WITNFSS WliFREOF, the ssid AAORTGAGOR has hereunto ut his hand and seal the day snd yeir first sforesaid.
/ pned. S~ d~nd red in th~ presence of:
~
~ ~
n
- ~-n
57ATE Of FLORIDA ~
courm oF _ St, Lucig ~
sero.e m. ~~.«~iy,~..ea _ Fred H •o~ i a .~,a i
A? ene w_ Lol l i s his wife, to me well known and known to me to b~ ~
the ind'rvidwls described in and who executed the fwe~o~ng instrument, and aclcnowledged before me that they executed the same for the purposes
r~~~H, ~xP.esxd. A~+d r~ ~.;d 1ll o~ W. L~l~-3~~
'"'r° °f ~h~ "'d Rred H. Lollia ~po~ a sepa.ats snd pivite
examinaYan by me taken sepuate a~d apan from her said husband, adcnowledged to and before me that she executed said instrument freely and vduo-
tarily and witlwut any compulsion, constraint, ~ppre~~
,~r fesr of or from her ssid husband,
WITNESS m Mnd and official seal thi:
y day of ~ /l. D. 19_12~..
Notary lic in and fw the State of Fbrida ~t LuQe ~
My iuion ~xpires:
Rnwn 7a
Firtt federd Savi [oae Aswtiaran
~'t~f~~~~. . FILEQ ANO R~CpR~e notary NubMC, ~ta» or ~o~de at ~arge
~~'~~~Ortj,P ~T ~u~~~ ~Q11NfiY FLAr My Commiscion ~xp~r~s ~ug. 6, 1967
`PEC4R~ VERIPI~O Bonded By Am•r~can su~ec~ co. or N. Y.
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~LERK CIRCUIT COURT
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