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Home My WebLink About1486 ~ To plac~ snd contin~ously ks~p on tM buildinps now a M«+fttr ~ituat~ on t~id lae~d ~nd on ~II equipm~m ~nd pasonatly covN~d by tAi~ n+at~ p~, with ~U pnmiums tFNrwn p+id in full, fire inturance in ~hs uwal ttandard polity form, ie • swo approwd by tht MORiGAGEE. ~~+d windstam iniurancr in th~ ~swl stand~rd pol~cy (am. ln a sum approved by the MORTGAOfE, tn such comp+ny or comp+niq a th~ MORTGAGEE nWy d~r~dj arw! dl fk~ ~ed windNwm ir?swance policies ca aoy of said buildi~g~ any interest therein w pan th~.wf, in ~M aQprep~~~ wm afa~said w In ~xc~sf ther~of, sMll contain tM usual standard mor~yage~ cl~use a ivth o~he~ clws~ ~s tM Mo+tya9ee may requ'u~. makirg ~M los~ wwl~~ sa~d polM cie~, ~+ch ~nd ~very, paysble ro said MORTGAGEE as its inte~eit may appsar, +~d each and avery i~tA policy ihall bt promptly us:yned and dtlivered to any Mtd by said MORTGAGEE ~s furtFar security to said mortpsge debt, ~nd, not Iess tMn tsn (10) days in advanc~ of the expiration of euh policy, to d~- !iver ro~id MORTGAGEE a rer~wal thtreof, topetMr wi~h a receipt fot the pemium of such renewat; and tFien shall be no f'ue w windstam inturante plac~d on u?y of said buildinp~, any intersst there~n or part the~eof, unleu in tf?~ form and with the lou p~yabM u afonsaidj u+d in tF~ ~vent +nY win of mon~y bec+om~s payabb w+d~r wch policy w policies said MORTGAGEE ihall Mve ~M option ro receive and ipply tfie ssme oe accouM of tM indebted- ness s~tw~d Mr~by o~ M p~re+it Nid MORTGAGORS to receiw and us~ h w any part thereof foi other purposes, without thcYeb/ wairi~y o~ impair- in9 any puity, li~n or ripht under a by virtw of this morlpa~e; ~nd in ths ~vent said MOltTGAGORS sMU for any reason fail to keep tM s+id Pnmises w insured, u fatl W d~live~ promptly ~ny of uid policies of ir?suranc~ to said MORTGAGEE, w f~il prompdy to p+y fvlly any premium therefw w ie~ s~y respect f~il b pKfwal, dischuge, exscvte, effed, complete, comply with ~nd ~bide by this cova?+nt, or a~y put hersof, said MORTGAGEE may p1~ce and pay fu wch inwranc~ w any part thereof without waivirp w affectinp ~ny option, lie~, puity, or ri9h~ w~der w by virtw of this Matyp~. and tM full ~mount of esch and ~wry wch p~yma+t shall be immediately dw ~nd paysbl~ ~nd shsll bear interest from tM dat~ thereoi ~ntil paid a1 tM rat~ ot nine per cantum per ~nnum and to9ether with wch interest shall be secv~ed by ths lien of thls mortp~ye. To p~rmit, canmit or iuffer no wut~, impairment a deterioratioo of iaid pr~rty w r~y paN thcreof. S. To pay ~II Nld aL~QVIM fM COt~t, tMI~M af~ lxpGrliO~, includinp a reasonabk attorney'~ fee ~nd costs of abstracts of title, incwred w paid at any time by said MORTGAGEE, b~causs or in the ewnt oi ths failure on tM p+n of the said MORTGAGOR ro duly, promptly and fvlly perfam, diuhar9~ •xecut~. aff~N, compkt~. comply with and ~bide by ~ad+ and every the stipulaf~ons, agreemems. conditio~s, s~+d coven~nts of said promissory note and thii mortgp~ any or ~itha. and s~id tosts, cMr~es and ezpenses, each and ~very, shall be inwnediately due and payable: wlxther o~ not there b~ r~otice d~ mand, att~enpt to toll~et or wH pei+dirg; ~nd the f~rll amoum of each and wery ~vch p~ymant shall bear inter~st fran tFw date thtreof ue~til paid at tM rare of nin~ per ce~tum per ~nnum; and all said cosn, charges and expensss inc~rred or paicl, together w~th ivch inta~at, sh+ll b~ secured by th~ lien of tha ~ morty~. 6. Th~t (a) in ths event of soy bre~ch of this Mortg~a or default on tM p~rt of the MORiGAGOR, w(b) in tM ~vent any of ~id wms of morry harein r~f~n~d to b~ ~ot promptly a~d fully paid within thiny (30) days ~ex1 after the iame seve.ally becane due and payable, withovl dem~nd a notice, o~ (c) In tM ~vent ~ach and every the stipulations, agreements, condit~oni and coven~nn of sa+d promiuory note and th~s mwtpap~ ~ny w aither ~re no1 iv~y. Promptly a~d fvlly p~rformad, discharged, executed, eifected, comptsted. compl~ed wirh and abided ~y, then in ei~her or any such ~vent tl+e aid sp~ preflat~ wm m~Maned in said promiuay note then remainirg unpaid, with interest xvued, and all moneys aec~red. he?eby, tFwll b~tom~ dw aod pay- abl• forthwith, u thsresfta, at tM option of said MORTGAGEE, ~s fully and completely as if •II of the wid wma of mor?ey were or~yinally stipulated to b~ paid on arcl? day, snythinp in se7d promiuory ~ote or in this Mortgage to the consrary notwithst~ndinp: and thcreupon or thereaftar at ths option of said MORTGACsEE, withovt noY~ or demand, wit at law w in equity, thcrefws or tMreafte~ be~un, may b~ prosecut~d u if ~II maays ~tur~d her~by hed matur~d priot to its inttihrtion. 7. That in tM twnt that ~t t!w ba9inning of p at any time pending any suit upon this Mortgsgt, w to foreclose it, or to refo?m It, a to eefora payment of any daima Mrwnder, s+id MORTGAGEE shall apply to the CouA having jurisdid'an thereoi for ths appantment of • Receive~, a~d~ Courf sMll forthwith apswiM a nuivN of sa mwt~~yed property aU and singular, ir+clud~ng aIl and singutar the incomt, profib, issues and rewnuei from whsfewr wurce derivld, eath ~nd evlry o~wliKh, it being expressly under:tood, is hereby mwrgaged as if specifiully set fwth ~nd destribed In the prantinp and habendum dautei he?wf, and wch Receiver ~II Mve ~II the broad and effective funct~ons a~d powcn in anywise eMrusted by a Cour1 ip ~ Receiver, ~nd f ~uch appointment shall b~ mad~ by wch Court ss an admitted equiry and a matter of absolute rgAt to taid MORTGAGEE, and withwt refaenu to tM ~ edequacy p inad~qwty of ihe wlue oi the property mortgaged w to the solvency or inwiv~ncy oi said MORTGAGOR or the defendants, and tFut such rant~, profits, intort~e. iuues u~d nvenws shsll be applied by such Recciver sccording to the lien or puity of taid MORTGAGEE and the practic~ of such Court. 8. To duly, promptly and fully ps~fwm, dixhsrge, execute, effect, complete, comply with and abide by each snd ~very ihe sfipulations, agrsem~nf~, ccnditioro and ooven~nri in said promiuay note snd this morfgape set fwth. ~ 9. That in ths went the ownership of the mortgaped premises, or any part thercof, becon?es vested in • persa~ other th~n the MORTGAGOR, th~ MORTGAGEE, Hs succ~swrt and auigns, msy, without notice to the MORTGAOR, d~al with such successw p wccesw? in interest with nfera~ce ro this mortg~ye ~nd ihe debt hereby setured in the same manner as with Mortgagw withovt in any way vitiatinp a dixMrging the Mort~s~ors' li~bility I~rt under w upon tM dcbt lxreby secured. No sale of the p?emius hereby moAgaged and no forbeara~ce on the pa~1 of the MORiGAGEE or iri suctesson or assigns snd no exfMSion of the time fw the payment of the tkbt hereby secured given by the MORTGAGEE o? its successors or assignf, ~MII operat~ to reteas~, discharye, modify chang~ ot affect the wiginal iiability of the MORTGAGOR herein, either in whok w in psrt. 10. If b speci~ully sgreed that time is of the euence of this conaact and 1Mt oo waive~ of any obli9ation hereunder w of fhs oblipatwn se- cured h~reby ~hall at any time theresfia bt hetd to be a waiver of the terms hereof or of the instrumeM secvred he?by. 1 l. le addition fo the fwego:ng monthly payments of prin~ pal and interest requ~red by the prom~ssory rate sec~red hereby, mottgagor tovenants and •grees to p~y to mortgagee with each monthly payment an additionsl sum est~mated by mortgagee to be eqwl to 1/12 of the annwl toat of ths foilow- in~: A-All real prope?ty taxes levied or sssessed against the above described real estate. B-Premiums on iire and windstorm insurance as herein requ~red to be carried o~ the improvement~ situate on the above desuibed premises. C-Premiums on such mortgage gwranty irtsurance as mortgagee shall from time to time deem fit to carry on the loan setured hcreby. I Mortg~gee shall from time to time no~ify mwtgagor in w?iting of the amoum due and payable hereunder and such sum shall thereupon be due snd Fayable on the due date of the next monthly paymeM and each successive month thereafter urtil mortgagee shall notify mo?tgagor of a chsnge in wch j amount. Such sums sFull be +pplied by mortgagee toward the payment of real property taxes, insurance prem:~ms, and mortgage guaranty iniurante premiums. ~ N WtTNESS REOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar f' af id. ~ - t livered in tM presence of: ~ ~ ~ ' n ' n f ~4 ~ ~-n STATE OF FLORIDA couNn oF ~t. L•~~cie ~ i a 8eforemeperwoalty.~..ea T.. p Gorhitt~ also known as L. P. Cor~~tt anc~ Annie ~ ~ =~-l l ~ Cnrbi t+~ 8150 1S'lOWTI 8S annie ~elle C,02'~gtt his wife, to me well krawn end knawn to me to b~ a the individwb dewibed in u~d who e:ecuted tF~e fwe9oing instr~ment, and acknowkdged before me that they executed the same for the p~rposes ~ ~ ,~,e«;,, ~,~a. ~„d ~i,..,;a Anni e Ael~ P Corhitt, also ~nown as Qnnie Relle Corbett ~ ~ w ffe of tM said 1: - p.. r ~r h i t t~ 8 l 9 c) kn own 8 3 I~. ° o rb e t t , vpon e sep~r+te ~nd priv~t~ ~ ~ examination by me taken sepsrate snd apart from F~er said husband, adcnowledged to and before rn~ that shs executed said imtrument fnely snd volun- rarily and without any compubion, constraint, apprehe o? fear of w from her s+id hus nd. WITNESS my hand ~nd offki~l seal thia ~rd day of i' J1. D. 19"L ~ ' `F~L~ • • " _ ~ . t•ry P~blic in ~nd for the Sfab of.•Flotid~ af Larpt~' ~ . . O~ y Commiuan expires: ~ Z~ :~`j~ ~ Fint F~dtrai Ssvinyt a Losn Association FILEO ANO RECOR ~ . . ~ O f Fort P7erca s T. l. U C1E COUNTY. . : . - ~ r~. PK«, Fb.~d, RECORD VERIF~ ~ NQTAl1Y PU811C, s7q~ ~tFT~RmI~~t t~ut68 Q MY COMYISSIOM D(PIRES APR. 24~ 1969 ~ ~ i~~ • . , ~ - '61 FEB 3 PM 3. I3 . . ~ 152481 : ~ - iiQ=~c~ FOITf~~S CLERK CIRGUIT COUR7 ~ ~ : dooK164 ~1484 . ~ , _ ~ x : - _ - ~ ~ s ~ _