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HomeMy WebLinkAbout2573 To plaq ~nd continvously RNp on th~ buitdinps now a Mrcaft~? sitwt~ on said iand ~nd on ~II p~ipmenl ud pKSw+ally cownd by Mis mort¢ with ~ti premivm~ thKeon pa~d ie full, fir~ lMUriMf in iM usual at~ndard policy faee~, i~ a iwn ~pprowd by tM MORTGAGEE. N+d wi~twen insur~ in 11+~ vswl stsnd~.d policy fam, in a s~m approved by ~he MORTGAGEE, in wch tompany o~ compae~iN ~s th~ MORTGAGEE n?ay directj ~nd ~11 flr~ and windsrorm inswann poficiei on any oi said buildinps, ~ny intert~t thersi~ o~ pan lhaeof, In ~pprep~q ~vm aforsuid or In ~xeess tMrwf, ~II ca+tain tM wwl s~~r+dud morr9age~ cl~use w iuch otha claus~ ~s tM Matyage~ m~y rpuin. makinp tM loa w~de~ aaid pol} cies, tach ~nd ~wry. par•bt~ ro u~d MORTGAGEE ~s its in?erat may ~ppear, ~nd each and ~very iuch policy iMlt b~ promptly au:yrrd and dtlivK~d ro •ny M!d by ~aid MORiGAGFE a~ fvrtht~ setviity to saitJ mottaape deb~, snd, ~+ot lesi than ten (10) days in adwnc~ of tM ~xp'u~tion of Hch policy, ro d? I~ver f0 Nif~ MORTGACsEE • ren~wal th~rwf, to~e~Mr wi~h a rece~p~ for the premium of :uch re~ewal; ar?d ~here shall b~ no f~r~ w winds~am insur~nc~ plx~d on ~oy of said buitd'aqs, ~ny ;n~e~est tl+K~i~ a pa.t the~eof, unteu in rhe form ar~d wirh ~h~ !ou payable u afor~said; u+d in th~ event ~ny aw+? ~ of mp~ty betoeM~ p~y~p1~ ue~d~~ such pp~Ky pr Pp~~ci~s said MpRTGAGEE shall Mve the opt~on to rective and spply 1he wn~ on accovn~ of tM ind~bted~ i nsu sKw~d h~rlby w b plrmit s~id MORTGAGORS fo rateive ~~d ~se it p any part Ihereaf fa other purposei, withouf fhereb/ waivinQ u~mpair- +~Y ~q++~~Y. a ~iqh1 w~der w by y'vtw af this mortyape; snd in tha went ia~d MORTGAGORS ihsll fw a~y reaaon fail 1o keep the uid pr~miies so ~ insur~d, or f~ll b d~livu ptomptly ~y of said polici~s of insuranct to said MORfGAGEE, w fail promptly to pay fu{~y ~ny premi~m therefp ot in any ro~p~ct fail b pMiwM, discMrys, ~x~cut~. ~ffecf, complet~, comply with and abide by this mvenant, or any part hereof, taid MORTGAGEE may place ~nd P+Y fa wd~ Inwranc~ w~ny put th~reof without wsivinp a affectinp any pption, lien, p~ity. w riphl vnd~r w by virtw of this Mwt9ap~. ~nd the full amount of ~sd~ and ~wry wth payn,.M ~Mlt bs immedi•~ely dw and payabl. and shatl be•r tnre.e~~ from th~ daN rhersot vn~il paid at rh~ •at~ o) n~ne per esntvm p~r ~nrwm and to9ether with ~uch inre.esr ihall bs iecured by the 1'~en of fha matpsqe. 4. To p~rmit, commit or s~ffN ~o wute, impi~rment or de~erioru;on of uid property w any part thereof. S. To p~y ~11 and ~inpular tM caats, cMrpes ~ed expenses, includinp a reasonable +naney'~ fee and costs of abstract~ of titl~, incvrr~d o~ p,~id at any tims by said MpRTGAGEE. b~cause a in tM ~vtnt of fhe /aiiwe on the p~A of ~hs said MCRTGAGpR to duly. promprly and fully peiforrn, d~scMrq~,, ~xecut~. ~fiect, oompl~t~ oomply with and ~blde by ~ach and every the st~pulat~ons, a~reemen~s, conditions, and covenanta of said promiuory not~ and thq mortpap~ ~ny w eitF+N, and sad cosq, char~es and eapcnse~, exh and evay, ifiall be immediately due and p~yable; wheths~ or r?ot there bf fAtit~ dr mand, aM~mpt ro colbtt ot wit p~ndinQj and tM f~11 amo~M of each and every such payment aAall bear interesl from tM date tFKreof until p~id ~t th~ rere of nlrK p~r centum per amxrm; and ~II said costt, cMrgp snd expenus incvrred w paid, together with such inttr~tt, shall b~ a~cured by tl+~ lito of thw "'urt9p~, b. TTwt (~j in tM awnf of ~ny br~ach of thia Mo?tQaps or default on rhs pa.t of the MORTGAGOR, oa (b) ie ths ~vent any of ~a~d sums of mon~y herein r~f~nd ro b~ not pramptly aad fully paid within thirry (30) days next afte~ the same sever~tly become due and payabk, without dtn»nd or notice, or (c) In tM w~nt ~sch and every tt~ stipulsYaen, agreoment:, condi~ions and cove.~ants o( sa~d p.omis~ry rwte a~d th~t matQape aMr p eitAer ar~ no1 ~ iuly, promptly and f~lty pNfo~m~d, discharged. executed, effected. completed. compl~ed w~th snd abided by, th~n in ~ither or any svch ~vent tM aaid ag grs~att wm en~ntioned in ssid promissory npte thet~ remainirg unpaid, with interest acuued, and all moneys sec~red ht~e!>y, aMlf beaome dw and pay~ ~bl~ forfhwith, or fMtarRtr, N tht option of said MORTGAGEE, ss fully and completely as if all of tF~e iaid wnr of money were upinally ~tipul~ied ro b~ paid on iuch day. anythirg In said promissory note « in this Mortgage to the tontr~ry notwithit~ndinp: snd tMrwpon a tha~sfter ~t tM op~ion of tsid MORTGAQEE, without notit~ or demand, wit at law or in equity, tlxrefwe or rhereafrer begun, may be prosecyt~d u if a!! monty~ s~cur~d Mr~by hail matured piqt fo iri institvtion. 7. That in tM evMt tMt ~t 1M beginninp of or at any time pendi~g any suit upon thi: Mortgaye, a to foraclost it, a to r~form it, w to eniwp paymenl of any tlaims Mrwnder, ~aid µpRT6AGEE iha(1 apply to the Co~rt F?aving jurisd~ction thcreof for tAe ~ppoi~tmtnt of a Reseiwa, wch Coun shall forthwkh ~ppoint a nteivK of sa mort9~ed property all and singvlu, includ~rg all a:~d snx~;:-wr the inroms, profita, issuet ~nd r~venues ~rom what~vtr wurc~ deriwd. ~~th ~nd ~wry o~whicA, it beinp expreasty under:tood. is hereby mo.tgaged as if spetifically set fath and destrib~d in tl?~ pr~ntinp and habendum clavsss herpf, and wch RKeiwr shaq have all the b?oad snd effeci;ve funcc~ons and powers in anywise entrusted by ~ Cou~t tp a Reulvtr, and •uch appointmtnt sMll b~ m~ (>y such Court as sn sdmitied eq~iry and a?n~~te~ of atnolute righ~ to said MORTGAGEE, aed witFqut referer~u ro tM sdpuacy or inad~quaey af tM vslue of the property mortgaied or to ~he wwency w cnsot~ency of sa~d MORiGAGOR a the defenda~a, and ?hat auch renrt, profib, Incorn~, iuues ~nd r~venves aF?sll bs applied by s~ch Receiver accordinp ro the lien cx equity of s~id MORTGAGEE and tha practic.~ of such Courf. 8. To duly, promptly and fully p~rform, d'uchargs, ezecvte, effe.-!, comptete, comply w~th ::.d sbide by each and ~very the stipvlatior~s, prMrnenta, conditlons and coven~na in uid promissory note and this mortgage set fwl't?. ~ 9. That in ths eveM the ownership of the mortgaged prem~ses. w any part thereof. becomes vested in a penon othe? than 1M MORTGAGpR, tM MORTGAGEE, iri successors ~nd ~ui9nf, msy, without notice ro the MORTGAOR, de+l with such sucussor or ~ucc~s~or in interezt with rtter~nce to thls mon9ap~ ~nd tM deb! hereby secured in tMs sams manner as with Mortgagor without in any way vitiatinp or dixMrying the Mort9spors' li~bility her? under or upon th~ tkbt hereby secvred. No iale of the prem~us hereby mortgaged and no fwbearance on the part of fhs MORTGAGEE w iri successw~ or assipns and no extension of the time fw the payment of the debt hereby secwed g;ven by the MORTGAGEE or its svcteuora or assiQns, rh~11 operat~ ~o r~leaN. diich~r~e. modiiy changt or sffect the wiginal liabiliry of the AM1ORiGAGOR heroin, either in whok or i~ part. 10. !t h specifiully apreed tMt time ia of the esunce of this contrsa snd that no w~iver of ~ny obligation Mreunder or of the oblipaYwn s~- cured her~by shatl at any time thereaher be heid to be a waiver o( ~he terms hereof or of the instrument secwed haby. 1 t. In sddition to the forego:ng rrwnthly payments of princ'pal arrd inte~est required by the promissory npte secured hereby, mortysgor Wv~nants and aprees to pay to mongayee with esch monthly payrnent an add~rional sum est~maied by mortgsgee to be equal to 1/12 of the annual tost of the follow- ing: A-Atl rtal property taxes levied or ssstssed against the above descri5ed real esfate. B-Premiums on fire and windstorm insurance as hereio requ~red to be carried on the improveme~tt situate on the above desvi~ed premise~. C-Premiuins on suth mortgage ~uaranty insurar~ce as mortgagee shall from nmr to time deem fit to carry ot+ the loan iecured hereby. Mort9+gee shall from time to time nolify moatgagor in writ~ng of the amoum due and payable hereunder and such wm sha0 thereupon b~ due and payabla on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagw of a chsnge in s~ch amouM. Such sums sh~ll be applied by mortgagee toward the payment of real property tsaes, insurance p?em:ums, and mortgage gueranty insurance premiur?a. N WlTNF55 YVHEREOF, tMe said MORTGAGOR has hereunto set his hs~d and seal the dey and year first afaesaid. Siprnd. ~aled and d~li d in t• resencs of: ~~P2~ ~ ~ ~C ~t- n n - ~-n ~--o ATE OF FLpRIDA ~ courrnr c~ _ S t_ L.LCi e e~f«e ms pe~so~~~y ~~ea.~d E 118 M. C unn ingham . a W i doW yu xi~[]~to me well known and koown to me to be the individwli dexribed in ~nd who executed the fo?egoiny instrument, and acknpwtedged before ms fhat ihey executed the same fw ths purposes tFxrei~ ~xpres~ed. XAd7~hs7u[Ar ~ecd]d~7atd[ TTs~tir.~ ~~~R~~~~~ ! ~7~~]IL~JL7l~l~~~ WITNE55 my h~~d and official seal thi day of tober a p. 1966 ta Public in a for the State of Fbrids ~t Lirpe S;t,:;ttr, My Conwniuio~ expires: Retvm Ta ~~~~i= first Federd Savtnpi i loan /lstociation at~'i ~~'Y~1[, Sl~ 0( ~ FOf~ PilfCl. • ~ ~ . ~tr coaun~ssie~ gy~°~CORDEO ~ F: , ~~r . ~ sa~. 23. 1969 FItEO a..a.~ ~ a C ~ O ST. l.UC1E COUNTY. FLA• `.~v ~ J P.ECORO VERIFIED - ~ : : : ~~t%~ . ~ t O ~ r~ . ~ 3 22 , ~+-~Q-:.:,~v,: • J v ~ . '66 OCT • ~ 18 PM ' 14929'7 ''~~~~,,,t~,~,~~•~, ~,o~.f p 'o~YR~s aooK~57 ~A~E 172 CLERK CIRCUIT COURT { - ~ ~ • ~ ~.l . m~~ ti>,~~:- _a. , ; _ - - - ~ - _ - . ~ x - p'