HomeMy WebLinkAbout1690 S. To pt~as ~nd oontinuovtfy ke~p ort th~ bvild;rps now a I+~.e+fhr sitwts on s~id tand ~e~d on ~II ~quipm~nt ~nd ly oovK~d by tNa mort¢
+p~„ wid+ ~11 pr~miwM tl~~on paid In fvll. tin tesuwnc~ io th~ ~swl s~udard policy fw~n, in • swn ~pprowd by tM~RTGl1GEE. and wintktorm
k+s~+r+oo~ tl~ wual s~~ndud poficy fam, in a sum approwd by tl+f N10R1GAGEE, in wch tanpany a companies a tIN IMORTGAGEE nwy
dirMi and ~II fin ~nd w'~torm inwrano~ policies on u~y of uid buildieq~. any iet~r~st therein w p~ri th~rwf, b~ tA~ spqrp~t~ wn? ~f+or~W or
M~xpfs tMr~of. ~MII oa?tain the uwal standud m«~gage~ elws~ a sueh otha el~us~ ~s tiw Matya9as eewy raquk~. m+kinp tM lou vnds~ u+d po1E
det. ~+d~ a+d ~wry. p+y+b1~ to a1d MORIGAGEE as ib intere~t may ~pp~a, and sach and ~very iuch poliq fMll b~ promptty ~u:9ned and d~livK~d to
MY ~+Md b1? s+id MORTGAGEE as funMr tacvri~y ro aid monp~ d~bt. ~nd, nat less tFwn t~n p0) days ie ulvana of tFw ~xpiatan of ~ach policy. ro dr
IivN to wid NWRiGAGEE • r~~swal tMrwf, top~~hp wirh ~ receipt fo~ tM prrmium of wch r~nswalr and tMn shall b~ no fu~ w wir+dstwm inswann
P~+ad on ary of sskl bulldinp~, ~~y interesf tMr~in or put thereof, vnku in th~ fwm ~nd with tiw loss payabl~ as afw~said; ~+d in tM ~va+t any wen
of moMy b~cp~ payaW~ und~ wch pp~ky a poIK;K Nid /dpRTGAGEE shall Mw tM option ro recaiw ~nd sppfy tlw sarM on account of th~ Ind~br~
neu waxed Mnby a b pami~ said MpRTGAGORS ro roceiw and ~s~ it or any part thereof fw ~Ther purposes, wi~hout ~F?cKeb~ wsi~ing or impaK-
i^fl +^Y r4~+~b. a ripht wd~r or by virtw of tFas mortqape: u+d 'en tM evee?t ~aid JNORTGAGORS shall for aeqr r~ason fail to keep rhe wid pr~mises so
truund, or tait w d~tivw pomptly •nr of said polK~es of i~w.ance to ~aid MpRIGAGEE, w la;l promAtly ~o paY fulty ~ny pr~mium tiw«for or in ~nr
r~sp~a f~il b p~fwn~, diKharye, tx~cut~, ~ffM, compl~M, compty with a~d abid~ by this ooven+et, or any put hsr~of, said MORTGAGEE msy pl~ce ~~d
P+Y fa wd~ lrauranc~ w any put tMreof without w+ivinp or ~ff~ctirg.+nY aPt~4 ~itn. puity. a ~ipht un~~9? by virtw of thi~ JNatpap~, snd tht ~
full anwwN of *ad~ and ~wry such paymsm ~Fyll b~ invnediately dw uid pay~bl~ aew! ihall b~ar intKaY'~ram fM dat~ tAereof until psid at tM ~aq of
n~n~ P~r cw?twn pM ain:nn +nd toptther with such interesl ~hall be secvrcd by ths lisn of this mort~y~,
To p~mdt, oommlt ar wffer no wut~, 4npairmant w deterioration of said p?opKty or any put thereof.
S. to p~y ~II ~nd skpular tM costs, charpes ind e:pense~, inctud'up ~ r~asonabfe ettomey i fe~ and co~n of ab~t.ac» of titla, Incurred o~ p~id at
~ny tim~ by ~aid MORTGAGEE, baca~ns w in rhe went of the failwe on the p~n of ~he s~k! MORIGAGOR to duly, prompry ~nd fulty perform, d~uM~,
~xecvh. ~ff~ct. oompleq. oomply with and ~bids by ~~ch snd every the itip~lations, ~y?eements, conditions, and aown~~ts of s~id
mort~+p~ +nY or ~irMr, u~d s+id cosh. char ~nd expenses, each ind e P~omiisory noh and thii
mand, ~ ~ rery, sh~ll bs immediately due aed payabl~; whetMr or not Ma~ be notioe d?
n~mpt ro coll~ct or wit p~ndirgt and tM fvll snwunf of e~ch ~nd every s~ch p~ymem shall be~. intarest from th~ d~te thereof w?til pak! ~t th~
rate of nir~ per o~ntum par ~m~um; and all said eosn, char~ and exp~nses incwred or paid, topethe~ weth wd~ Fntapt ahsll b~ aecwed by th~ lien of tha
mortp~•
b. TMt In th~ wtnt of any breach ui this Mort9a~ er default on ths part of the NIORTGAGOR, w(b) in tM ~wnt ~ny of uid sums of mo~sy ~
h~rdn nf~n~d to M no~ promptly snd f~r~ly paid withi~ thirty (30} days next sfter the same severatiy becom~ dut and payable, witAout d~m~nd a notic~, ~
or 1n tlw ~wnt eKh and ~ve~y the stipul~Ywns, sqreemenK. conditions ar?d coven~nn of satd promisso.y note and th~s mortya~ a~ryr a ~ithe~ are no1 ;
iuly, prompNY and fullY performsd. disd?~rged, execvred, effected, compkred, compl~ed with ~nd ~ti~ded by, then in ~ither or sny :~ch wMt rM wid ~p- ~
Qrepat~ sum m~ntiorwd in iaid p~emiarxr note tiron remaininp unpaid, with interest ~cuued. and all moneys a~cvrad. herebY. shall b~co~rw dw snd pay~
~bl~ foNhrvitly p thKt~h~?. ~t the option of said MORTGAGEE, u fully ard completely ~s if ~ll of tM said swna of morky were oripir?~Ily stipulated
ro b~ p~id en s~ch dsY, anythinp in said prom;uury rwte o~ in this Matgaye ro the conrrary notwirlutandinp: and tAereupon o~ ~her~~fie~ at ths op~ion of
s~id MORtCsAGEE, without notics a dem~nd, wit ~t law w in equ;ty, thcreforo a thereaha begun, m~y b~ prowcvt~d u if all mawys s~wr~d Mreby
hat! matw~d pripr fo iri ImtitutioA~
7. Thaf in th~ ~wnt that at th~ begi~nSng of or ~t any tims pendGg any wi1 upon fhis Mwtyay~, or to /orrcloa~ h, o? io erfom? If. a to e~?fora
p+Y~t ~+++y daims Mreunder. said 11RpRTGAGEE shall apply to the Court having jurisdiction the•aof for 1M ~ppointmant of ~ R~ceiver. wch Coun shall :
forthwMh ~ppoint ~r nceivN of sa' mortqaged property all and iu~gul~~, includ~~?g all and sing~lar tM incarw, p?ofits, issves and r~v~nues fro~ whatevK
soura derivrd. ~ach ~nd ~wry o~which, F~ be'up expras~ly undersrood, ;s hereby mortgsged as if specifically set fath aed dewibed in th6 ~ranti~p a~d
habendum da~sp hereof, ~nd such Receivtr shall have all the ixwd snd effective funuions and powas in anywiss entrvtted by a Covrt ty a Receiv~r. a~d
such sppointm~nt sh~ll bs made by wch CouN as an ~dmitted equity and a mattcr of abwfure right ro said lNORTGAGEE, and wifhout nfer~nc~ to th~ `
adeq~~cy a ln~d~qwcy of the valw of the property mwtyaged w to the wnrency a~nsolvency of s~id MORiGAGOR a the defaxlann, and ttat such ~ !
r~nr~, profits, incorne, ;uues ~nd nveeues sh~ll be applied by such Receiver accordinq to the lien or puity of said MORTGAGEE a+d the practiu of such ~
Coutt.
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8. To d„y, ~~ry ~ed fully perfwm, d'acharye. execute, effect, complet~, com I with and abide i
P Y by each and ~very ths ~tipulatiorn„ aq~~ts, ~
conditions +nd ooven~nb in said promfssory note and this mortgage set forth. -
9. Th~t in the ~wnf the ownership of ths mortgayed premiscs. w aoy parf thereof. becomes vest~d in a penon othar than the MORTGAGOR, fhs i
MORTGAGEE, iy wctts~ws ~nd auiprn, msY. Nritho~t notice to the MORTGAOR, deal with such suaetwr p wcc~»p in interest with rtference to this
^w~tp+pa +nd the debt hereby secured in ths aame manner si with Mwtgsgw without in any way vitiatinp w discMryiny the Mort9~pors' liabiliry hsrt
undx or upon th~ debt hereby secu~ed. ~Jo a1e of fhe premises hereby mwtgaged and no fabea~ance on tl» psrt of tl+~ MORTGAGEE or its suooessws
or aui~ro snd no ~xtension of ths time fw the payment of the debt hereby secwed given by the MORTGAGEE a its sucteuors w ~tsigns, ahall oper~t~
to r~l~ae, disdwry~, modify tMnye or affecl the wiguwl liability of the MORTGAGOR herein, either in whole or tn put. '
10. It ts specifkalty agreed fhaf time is of the essence of this contract snd that no waiver of any obligarion 1?ereunder or of fhs obltp~tion ~r
cvred hneby ~hall ~t ~ny time thereaher b~ held to be a w~iver of the terms hereof a of th~ instrument secured htrby,
11. In add~tion tq fhe fwego:ng monthly paYments of princ'pal and interest required by the promissory ~ote secured hereby, mortgagor tovenants
and s~r~et to p~y ro mortgegee w;th each monthty payment an addi~ional sum esrimared by mortgagee to be eqwl to i/12 of the annwl cost of the tolbw-
in9:
A-All ~tal property taxa levied or assessed ~gainst thc above described real estate.
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8-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvemeab situate on 11?s above dewibed pemises.
C-Premivms on suth mortgage gwranTy insurarce as mortgsree tFwtl trom t~me to time deem fit fo cerry on the loan setured hereby, ~
Mo~t9+9K shs~~ ;~om ~~+ne to 1;me norify mortgagor in writing of the amount d~e and payable hereunder and such sum shall ihereupon b~ due and '
payable on the due date of the next monthly payment and esch successive month thereafter urtil mortgagee shall notify mortgagor of a change i~ such ~
amo~nt. Such iums shsll be ~pplied by mortyagee toward the payment of resl property hxes, iruurance p?emivms, and mo?tgsye guaranty insunnce ~
premivms.
WITNESS WHEREOF, the said N1pRTGAGOR hss hereunto set his hand and sesl the day ;~ar fint afwessid~
lsd and dtl' ed in 1M pr~senca of:
ie'~~
~-n
~n
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ATE Of fLORIDA
counrtY oF - St~ Tn~c-i P
s.fo?. m. P..we.~~y .ppss.ea _ Fn~ 1 i o ,owi s a Qi n~l P 9;j~~1 t
_ and
M+"Mlh; to me weN krwwn and known b me to b~
the individw deacribed in and who execwed tF+s forayarg instrurt~ent, and adcnawkdged before me that tl+~o xacuted the same for th~ purposes
therein ~xprpMd. Mi N~r saiZ ~ I i
v.ifir ~-N+ratd - ~ri,~~~
Cuao~iMiioii 6y~~elak~ts~~pvat~ and ~paN ~r«w- Ircr- Mir'iws~ewd~ ~wledgcd io-awd~ ba~w~e~ne-fiwf'a~~~euRVtet!'s~id~in~trotnenf'irsl~y7n~!-~oloT
r~rily~od.~r~thout. ~n!? ~~,.sawWr~iwt~.y'r~nwew~•fe~rof ~er-f~om~~said-hesband.
WITNESS my hand and official s~al thi: t H ~y o{ P r? ) A. D. 19~ '
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~ Notary PuWic in and for the State of Florida at Luye ~
Rehxn Ta. ' ~Y ~~ission ~:pirea: 1
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Flrq F~dud Sivkqs i lo~n /luoci~Yan . , . . - NOIw PII~K. Stlt! O~ ~Ofldi ~ ~A i
of Fwt F~e?ce. - `~~•`C{~ M~I Ce~~issio~ Expires Sep~ 23, i964 '
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