HomeMy WebLinkAbout0026 To plac+ anei ca•tiiwio~slY ircaP on tM bui•dinp~ aow w lweafta «:u:M on u~ la~d and a+ all equipnwe! ~nd pwsa~ally cuwrtd bti tl+is nwrr~
~p~. viri~h Wi p~tnw+:r N~eon pa~d in fuQ, fin ~nswancs ~n ~M uaual •~,ndud pu~~c~ iwn+. in ~ sww .Wprovd bY tM N?01t~W?GEE. and w.ndsta~n ;
~nsuraea In ~M uswl sand~rc! p4:a~i f«.~, in a swn app~oved by th~ NlORTGAGEE, in such con+D+nr a caecvaNrs a ~M N10YTvAGEE nNy i
di~Ktj ~nd ~11 fr~ u~d w~arm inswuK: ,:s~K~es on any oi wri tvicd~nyL ~nY mkns~ ~M«:w a. p+.~ tlws.?f, in t!~ a~epaw wT ~fw~sa~d or
~n ~atNS eRKaof, ~hall contain tM vswl sundard r.,orr9agea dw~ or svcA o~her cl~vss ra ~h~ MorWage~ ~~.r ~puu~. ~+1:,p Nr bu w~ sa~d oo~~
c~e~. sach ~nd ~wrY. ~Y+ti4 to said 7~?PRTGAGEE as ~n ~n~erest may app~x. end e+cA +nd every sexA pc,~~q sM11 b~ prorr.p~~y ait p~ed +nd d~Jivend :3
any h~W by said MORTGJIGEE as fwtF~ ucwi~y ~o sa~d morr~~,~~ debt. and. no~ less ~h+n t~ (1~) d?ys :n ad.ance of ?1~e ~ape~tan of sach po:~cy. ro dr
Gver to wid M.ORTGAGEE • ~K+ewal tnsrwf, to~e~Mr with a rece~p~ fw thc p~emivm of ~uch renewal; ~nd ther~ sMll be no `u~ a w~nds~«m inswancs
pl~ced on ~nr of said build'u~„ sny intaese ~here~~ w put the~eof. unku in ~hs form arx! w~th ~hs tou paYabk ai b(ortsrd: +nd in the e`nnt ~^Y sw^
of nwn~y beca~w p~yabN w~dsr such policy o. pol~Nss s+id MORiGAGEE shaU hsv~ ~M oprion io receive and apply tM same on ~ccovnt of ~M indeb~ed-
neis fseur~d M:~by a b permit said MORTGAGORS 10 ~eceive and use it w any part tMreof ia oThe~ ~.usposes. w~:hout the~eb~ waitiuy or ~mpai.-
;.-.ti :.-,y puity, lise or right w+de~ or by vir+w of this mors9a9e: and in the evers~ aa~d MORTGAC;ORS sl+all fn~ any reawn fail b keep *he s+~d prem~ses so
~nsured, p(ail ro deliva promptly ~ny oi said policiea o1 insuro~ce to said INOftiGAGt~, w ia~i proma~ly to p+y fully any pre~+~~wn tlx~elo~ w in +or
respect fail w pe~fwM, ~scMrge, txttute, effxt, complete, comply wi~h and abide by ~his tovenar+~. or anY P+r~ Nwf, s+'d M~RTGAGEE ~nsy pl~ snd
pa; fa such inswanc~ a+i~y part fhareof w~~houf w~ivinp•or ~ffecri~g any opt`oe?, tien. eqv+ry, a rght u.+de~ a by virt~ of ~Ms Mor~~e. +i+d ~he
tufl smotint of each ~nd every wch p+yment shall be immediatcly dw ~nd payabl~ and sM11 bear interast f~om tM dat~ thi.rsof until paid ths rah ol
n~ne pK csntwn pK uvwm and togeihe~ wirh wch intereat ahs+I be secu:ed by ti~ lien o! this mort~~e.
1. To parmit, cwnnrt or wffar no wut~. impairment w dete~iorat~on of sa~d property or any pih thereof.
5, To pay all s,~d sirq~I~r tM cests, chupes s~d expenses, ~oclvdin~ s reasonable ~nar+ey's fee and costs of abstracts of titte, incurr~ w pa~d at
eny time by said MORTGAGEE, becwx o~ in the went of the failwe on ~hs part of ~he s~id MORiGAGOR a duly, p~omp~b snd futiy pKtam, d~schu~ .
execut~. ~ffed, compkt~, comply with and ab;de l+y ~xh and every the stip~Iat:ons, a~rer+.enrs, condu~ons. u+d covenanrs of sa~d p+omissory no~e and ~Fu~
mwfQp~ any or ei~har. u~d uid costs, ci~arges ~nd expenscs. esch and evcry. shall be ~nmed~ately due and pay+ble: vrhe~her o~ not tl.cre b~ r.otice de~
mand, ~ttMy~t ro co!!sKt w wit ps~cl~ngj u+d tht fvl) amount of esch and every svch payment shail bea~ interest from tM da~e thtreof u~til p~id ~1 tM
rare of nin~ pe~ centw? ~v a?~wm; and al) said costs, cha~ges +nd expe~sei intvrred a Faid. ~ogether w~th xh iM~rat. shal: bt secun~ by IM Iwn of this
mort9p~•
6. Th~t i~ the event o( any brexh qf~this Mortgsge w default on the part of the JVIORTGAGOR, w(b) in the event any of ~a;~ sums of mon~y
her~in rofKr~d to be not pr.~mpdy and fully pfid wirhin th~rty (30) daYs nexc after ~he. same v:veratly btcome due and payable. without dem~nd a notit~.
or (c) fn tM went each and ~very tF+e stipuiations, ~g~eemcnts, cond~~ans and covenann of ss~d pron.isx..y note and th:s mat9ape any o~ ~ither aro nd
iuty, prompNy and fvly performad, d~acharged. executed. eifected. canpleted. compl;ed w~th and ab~ded ~i/. then in eitha ot +ny such want tM s+id p~
eregate wm mentaned in said promissory rwte thcn remaining unpa~d, wlth interest acuucd. and all mo~eys aecured lxreby. shall betome dw and p~y-
a~t• forthwitA, or tFNeafter, at the option of said 1NORTGAGEE, u fully and cornplerely as if aIl of the said sums of monty were wginally atipulated
to be paid on uxh day, anythiny in said promissory rate w in fhis Mwtgage to the conrrary ~orwi~hsundinp; and Ihereupon w theraafter st ths option of
se~d MOltTGAGEE, without notke or dem~nd, suit st law or in equity, thcrefwe or thereahar begvn, may be prosecuted as i! ~II maroys s~curet! hereby
had mahNld p~iOr Io ih institution. ~ -
7. Thaf h tl+~ weM that at the beginning of or at any time pend7ng ~ny wit upon this Mor~yage, o~ to foreclost it, or ro?efwm It. w to enforq
payment of aeyr d~i~m hereunde~, said MORTGAGEE shai~ apply to the ~oeu~ hav~ng jur.sdiaion ~hercof tor tM appantment of a RKdVlI. yxA Cowt sMll
fo:thwith ~ppoinl t~aceive~ of sa' mwtpaged p~operty all and singular, indud~ng all and singu~ar the income, profin, issues and revenues from whatevq
.ource deriwd, eKh and ~vKy o~which, it bein~ expressly understood, is hereby rt:wigaged as if sp?cifically set iorth and desvibed in the ~~anting and
habrndum clawes her~of, ~nd wch Receiver shsll havs all the broad and effr_tive funct.o~s and aowers in anywise rntrusted by a Cowt tq a Receiver, ~nd
se:ch appointmeM shall ba m~de by s~:th Court ~s ~n admitted eqviry and a mattc~ of abs~+lute ri3fit to said MORTGAGEf. ud without referenc~ to tha
edequscy a inad~qwcy of the vatue oi the property ma~gaged or to the sotvency w inso rcncy of said MORTGAGOR a the defendann, and that s~ch
.en+s, ~rofits, intar~e, iu~rei and rovenues shall be applied by such Receirer ~cc«ding to the lien or eqvir~ of said MORTGAGEE ud the practia of such
~ourt.
8. To duly, promptly and fully ptrform, dtuharge, e:ecute, effed, complere, compty w~~h snd ab'~de by each and ~very tl+e stipulatiom„ ~g~eements,
condirions and covena~ts in said prombsory nate and this moNgsge set forth. "
9. That i~ the event the owne~ship of the mortgayed prei*uses, w a~y part thercof, becomes vested in a person other than the MORTGA~R. the
MORTGAGEE, in wcussors and au~ns, may, wi~hout oorKe to ~he MORTGAOR, deal wi~h svch successor o? successor in ime*es~ wi!h refere~ce to fhis
mwtgaye and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or d~xharging the Mwt9agors' liability hert
unda w upon tM debt hereby secured. No ssle of the premius hereby mortgaged and no ~abeara~ce on the pa~t of rAe MORTGAGEE or ib wccessors
or essigns and no extension of the time fo~ ti~e paynxnt ef ~he debt hereby secured given by tha AAORiGAGEE or in succeuors or +ssigns. shall ope~at~r
ru release, dixMrpe, modify ch3nge or affect the orig~nal Gab~t~ty of the MORTGAGOR here~n, eithsr ;n whole or i~ put.
10. It h s~fically a9reed that time is of the esxnce of ~6is contract ar+d ~hat no waiver of any obl'gat~on hueunde~ or of tl~e ob:iyation sa
cvred hereby slull at ~.~y time thereafter be he~d to be s waiver of the terms hercof or of the instrw..em secured herby.
11. In addition to the forego:ng monrhly paymems of princ'pat and imerest reG•~ired by the prom~ssory note sec~red hereby, mortgago~ tovenants
and agr~ fo p~y to mortgagce with eath monthly payrnent an ad:;inonal sum estima~ed by matgagee to be eqwl W 1/12 of the annual cost of the folbw-
, ing:
I A-All real property taxes kvied a assessed agai~.it the above desc: ~brd reat estate.
B-Premiums on fire and wir?dstorm insurance as herein reqv~red to lx _arried on the improveme~ts situate on the above dtw~bed premises.
C-Premiurr.s on such mwtgage gvaranty i~surance as mwtga3ee shall from r;me to time deem fit to carry on the bsn secured hereby.
Mortg~gee shall from time to time notify mo:tgagor in writing of the amo;,nt due and payab~e hereundrr and such wm shall therevpon be due and
;.ayable on the due date of the ne:t monthty payment and each success~.r month thereafter ur.til mo~tgagee shall rwtify rn.xtga5e: of a•change in such
aTount_ Su:n su~ms shall be spp~ied by mortgagee toward fhe paymem of real properry taxes. ir.svrance pem:ums, and mortgage guaranty insurance
p~emiums.
IN WlT1aES5 WHEREOF, the sa~d MORTGAGOR hss hereunto set his hand and seal the day and yea int afaessid.
Sip Se :ed and iver in the presence ote
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r;ea~
S7ATE OF fLORIDA - ~ .
~o~vTM ~ St. ~uci~, ~
Before me persorwlly appeued RO3? A Mo .k and
T.AkarA F' ~ Moek his wife, to me .II known and kno,nm to me to be
!he individwb desvibee! in and who executeo the foregany instrument, and ackrawledged before me that they executed the same fw the purposes
therein exp?ested. And tht said I.9UT'8 Y'' MOGk
w;fe of fhs uid Roy A MOCI{ ~ vpon s sepirafe and pr~v~t~
exam~neYan by me taken separate and apan from her said husband, acknowledged to and befwe me that she executed said iratrumeM freely and volur~
ranly snd withovt sny compulsion, constraint, appreha ion, o~ fesr of w fran her said husbsnd
~ WITNESS my hsnd and oHicial seal thii_ day of A. D. 19~_
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otary Public in snd or the State of Fbrida d Luye
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' Retvm To: ~ M01/ry tt~K. S~! O~ F'rOfldi t~ V~q!
~ Fint Fetkral SsvM~ps 8 loan Association - Ki, ~ ~ CoRSissiow Expres Sept. 23, i96~i
~ Of for! Pterce. _ _ ' w.I+r b A~ricM iw ! caw~h Co.
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