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HomeMy WebLinkAbout2769 To pl~u ~nd continuovsly kNp on ~M buitdingt now w Mreafttr s~tu~t~ on taid laeid and on all equipm~M ~nd personally covend by this ma1¢ ~g~, with all premi~ms thereo~ p+id in fuli, fire insurance i~ ~M ~sual sraodard policy form, in • swn approved by tM MORTGAGEE, Md windatam ~n~ur~nc+ In ~M uswl ~t~ndard policy fan?, in • sum approved by ~M MORTGAGiE, G+ such companY w cor^P+^ia tM MORTWIGEE m+y d~rM: and all fin u+d windstorm insur~nn policrci on +ny of aid buildinps. ~ny i~teres~ ~herein o. paM ~F~eof. ie ~M a~rep+t~ +wn ~fwaaid w In ~xcas tMr~of, 1h~11 conNin tM viwl ua~+Jud mor~gage~ clause w ivch other tlavss ~s tM Mat9+9~ ^'+Y rpuu~, m~Ainp ~M bsf vndK s+~d Po~4 cie~. ~ach and ~very. arabl. ro taid MORTGAGEE +s its interest may ~ppear, and e~cA ~nd ~very such poiicy ~hall b~ prompHy ~ss:pned and d~liv~r~d ~o any Mld by said MORTGAGEE s~ fwtha sqcvrity to sa~d ma~ga9e debt, and, not I~u tMn tan (101 days in advanc~ of tht ~xpir~tan of s+ch pol~cy, to dr I~~er to wid MORTGAGEE a r~~al tMrwf, lop~ther wi~h a rece~pt iw the prem~um oi tuch renew~l; ~nd ~her~ tMll be no f~r~ w winds~wm inwru~u plac~d on any of said buildin~s. ~ny interal tMrein w part thereof, ~•nleu in Ihe fo~m and wlfh tM loss payable ai ~taesaid: +nd in the ev~nl any wm of mon~y b~can~a p~yabl~ ve~? such policy w po~kies ~a~d MORTGAGEE ihall Mve tM option to receive and apply the same on accounl o( tM ind~bted~ neti setw~d her~by or b pKmit said MORTGAGORS ro rective and ute it ot any part thereof Iw other purposes, w~~hout the.ebr waiving w unp+ir• infl u~y p~r~ry, lien a rqht und~~ or by virtw of this morty~pa; a~d in Ihe tvent ~aid MORTGAGORS sAsll (a any reason iail to keep the aid premises ~o inwred, p fail b dtlivN prat~ptly ~ny of said policies of insurante to said MORTGAGEE, or fail ptomptly to pay fully anY premium theretor w i~ ~~y resp~ct f~il b pNfaen, discMr~. ~xetut~. ~ffM. compbt~. comply with and ~bide by this cova+ant, o~ any part hereof, uid MORTGAGEE m+y pl~ and pay fw tuth im~ranc~ w u?y put tMreof without waivinp o~ aHectinp ~ny option, lien, puity, or ri9ht unda a by virtw of thii Mwt~ayt. ~nd tht , tull imount of ~ach and ewry such p~yme~+t ~hall be imrned'utely dw and p~yabl~ ~nd sh~ll b~ar i~teres~ irom the datt thereof urtil paid at ths ~at~ of n~ne p~r untum pN u~num and together with such intereit sMll be secured by tM li~r? of this mortp+9e. t 4. To pKmit, canrnit or wNK no wute, impairmem w deterioration of iaid prope?ty a any part thereof. S. To pay all and sinpulu tM coab, ch~~g~s ~nd expenses, includinp a reasonsble attorney's iee and wsn of sb~tracts of title, incvrr~d or paid at any time by aid MORTGAGEE, b~cw~e or 1n tl+~ event of the failure on the part of ~he said MORTGAGOR ro duly, promptly ~nd fully perform, d~xharqR •xecut~. ~f/sct. compl~t~, tomply with and ~b~de by ~+ch and every the atip~lations, agrecments, tonditiwu, snd tovtoants of said promiisory note ~nd ~hi~ mort9a~ ~ny o~ dfher. and s+id cosb, cMryts and expenses, each ~nd evc?y, sMll b~ immediately due and psy+ble: whether w not there be r.otice dr ~ mand, att~npt to tollstf or suit p~nd~ny; and tM fvll artau~f of each and every such paymeM shall bea~ interssl from ths date thereof until p+id a~ 1M refe of nin~ per tentum per ~nnum; ~nd ~II ~sid costs, charges ~nd expenses incurred w paid, togelher with tuch iMertat, shall b~ secvred by th~ litn of thb ~ mort9~. 6. That in th~ ~wnt of any br~ach of this Mortgaye w default on tM p+rt of the MORTGAGOR, a(b) in ths ~va+t +nY of s~~d swns of morny he~ein nhn~d to bs no1 p~omptly and fully paid within thirty (30) days next afrer ~he same severally becom~ due and payable. without d~mu+d a notic~. or (c) tn tM ~w~t ~ach and every t!w sfipulations, agreamenri, conditions and covensnts of aa~d promiuwy note and th~s mort~ay~ any o~ silher +r~ nol iuly. Promptly and fully p~rfwmad, discMryed. executed. eifected. completed. complied with ~nd abided ~iy, then ia eiths+ w any ~uch event tM aid a¢ preyate wm mtntion~d in siid promiswry oote then remainir?p unpaid, with interest acuued.:a~?d atl moneys ~scured hertby, sMll betan~ dw and pay~ abis forthwith, a tMr~ah~r, ~t the option of said 1MORTGAGEE, ss f~lly anJ comple~sty +i if all oi tF~e said suma of money wer~ oripinally stipulated ro be paid on wch day, anythinp in said p~om~ssory note w in this Matgsge to ~he conrrary notwithsundiny: and thereupon a thsre+ft~? a~ tM oprion of •~td MORTGAGEE, witlaut eotic~ w demand, suit ~t I~w w in equity, tFxrefwe or thereairer beguey a+sy b~ prwecut~d ~s if a~~ montri Na+rsd her~bY had matwld ptior fo ih irotitution. 7. That In tM wc+~t thst ~f th~ beginning of or af any time pending sny suit upon fhis Mortg+ye, a to foredos~ it, o~ fo reform it, a fo enfwp psyment af ~Mr daims Mreundti, Nid MORTGAGEE shstl apply to the Court :aving jurisdiction thereof fw ths ~ppantment of • Reteive~, s~d+ Court shall ForthwMh ~ppoiM a nceiver of ss' mwtyayed property atl and sirguler, inctud~rg all and singular tM incoms, profits, iuues and rewnues froen what~ver wurce dariwd, e~ch and ~vNy o~which, it beirg txpressly underatood. is hereby mortgsged as if speuficslly set fath aod described in tAe 9r~ntiny and habendum clavHS hereof, snd wch ReceivK shall Mve all the brwd and effective funct~ons and powers in anywise entrustcd by a Court t4 a Receiver, and •uch appointm~nt ahall b~ mad~ by wch Court as an admitted equity and s m+tter of absolute right to said MORTGAGEE, and without re(erenc~ to the •d~quaq w i~adpuacy of the wlw of the property mo.tysged or to the sotvency o~ ~nsotvw~cy o( ssld MORTGAGOR or the defendann, +nd that such rent~, profib, incort», issues and ravenues sh~ll be applied by such Receiver according to the lien or equity of said MORiGAGEE ~nd the practiu of suth ~ Gourt. 8. To duly, promptly ~nd fully p~rform, d~scharye, execute, effect, comptets, comply with and sbide by each and every tt~t sNpulations, apre~en~nts, ~ conditions u~d wvernnts in uid promissory rate and this mortgage set forlh. " ~ 9. That i~ ths event the ownership of the mortgsyed premises, or any part tF+ereof, becomes vest~d in a penon other th~n the MORTGAGOR, ths ~ MORTGAGEE, Iri avcceuors and aui9ns, may, without notice to the MORTGAOR, deal with such auccessw a iucc~ssw in intereft with rtfertnu to this ~ mortgage and ths debt hereby sscured in the same manner as with Nbrtgagor w~thout in a~y way vitiating or diach+rgi~g the Mortpagws' li~bility Ikrt under w upon tht debt hereby secured. No s~le of the Fremises hereby mwtgsged and no fabearance on the part of the MORTGAGEE a its suctessws ~ or essi9ns and no extension of the time tw the pa~ra~eM of the debt hereby secured given by the MORTGAGEE a its successors or usiyns, ~hall operat~ ' ~ ro releas~, di~tMrp~, modify tharge or affect the originat liability of the MORTGAGOR herein, eitlxr in whole or in p+rt. I 10. It h ~fic+ll reed that time is of the essence of this contr~c~ and that no waive? of sny obliy+tion hereunder a of tM oblipaYan se- j W~ Y +0 - - ct;red hereby ah~ll ~t ~ny fime thereahe? be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In sddition to the forogo:ng monthly payments of princ'pal and interest required by the prom~ssory nore secwed hereby, mort~sgor _cowo+nri and agrees to pay to mortgagee with each monthly paymcnt an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual cwt of the foliow- i Ing: ~ J ~ A-All real p?operty tsxes kvied w ~ssessed against the above deuribed real estate. ~ B-Premiums on fir~ and windstwm insurance as herein requ~red to kx c+~ried on the improvements situate on the above desvibed premises. ; i C-Premiums on suth mottgsga pwranty i~surante as mortgagee sFwll from t~me to sime deem fit to orry on ths ban setured hereby. ! Nlorty~gee shall from time to time notify mortgagor in writing of the amount due and psyable hereunder and such sum shnll thereupon be dw snd i I Fayable on the due date of the next moothly payment and each successive month thereai~er ur.til rtwrtgagee sh811 notify mortgagor of a chang~ in such ~ amount. Such sums ~hall be applied by mwtgagee toward the payment of real property taaes, insurance prem:ums, and mortgage guaranfy insursnce j premiumf. ~ ~ ~ ~ IN WITNESS WHEREOF, the s~id MORT6AGOR has hereunto set his hand and seal the day snd r firsl aforesaid. ~ Sipn~d, S~a eli aed i tM presencs of: s / 4 aq _ . STATE OF F10RIDA ~ S5. couNn oF Duval Befwe me ptnon~lly appeared Evel,vn M. Stark, a single adult ~ h][]Gr7Ea[ to me well known snd kiloMrn -to n~b 1o b~ tha individua described in and who executed the forepoing inst~ument, and scknowledged befwe me that t{_~e ecuted ~1ie.~i~+ie;.for.tlN purposes !hzrein eupressed. ~KtRi7GTia SIl - - . .`~I4 ~ . . . . WITNE55 my Mnd ~nd official seal thi ' dsy of .~-i~ `~~t9{~9~ , t :r' - i ~ ,b ~ - _ ~ Nots ublic in snd for the State of Floi' 1~ryd'• ~ . , . ~T 1. ~r~e : Nota~r~ ~R'~','~S49tr!'~p,"q!. - Retum Ta E,p ~S,y commission expi~es ~a~. 19. i~~b8 s Fint Faderal Savinp~ a Losn /lssociation CQ~~ or F~ P,~.«. 'c NO RE ~Y. f~'' i Fo?t Pierte. Florida ~,1~vC,E Ci v~a,~~~ 9 ~ ~ SZ. R CpFtC1 ~ `1; 43 ~ , o~~ Zy 14~22 ~ 66 r ~,s a~t ER~ ;Cp~CV~.~-CpU C~- p . ; 800K15~ PAGE ~60 ~ ;y-~ _ - - - ~ s__ ~~4 ~ . . . _ .