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HomeMy WebLinkAbout1111 . . To pl+c~ and coe~tin~owly ke~p on tM buildirgs e+ow w henafter sitwN a+ said land ~nd on ~11 ~qutpmMt a~d p~eson+IH towr~d b~ t~ ~o+q' p~, with all pNnium~ thsrwn p+~d in full, fir~ iasw+nu in d+e uw+l ~~andard policy fwm, in a w~n ~pprowd bY tM MORTGAGFE, ~nd wind~rorm Yaur~np tn th~ wwl standard pol~cy far~, in a wm app?owd by tM IUI~RTWIGEE, 1~ such comp+nY a aa^P+^~a +s tM MORTWIGEE m+r dinctt ~nd all fin ~nd windsarm iniwanu policlea on ~nY of ~aid buitdinps, any intarat thHeie~ or pa1 /Mrwf. in ~M ~yprep~a swn ~for~aid ar h~coes~ tM~wf, shall oont~in ~M vwal ua~dard matgagM cl~ua~ or such othe~ daus~ as th~ Matysp~t maY nq~in. maki~ ~M loss w+d~r s+id pot} dp, ~ch and ~vKy. p~Y~p1~ ~o wid MORTGAGEE a it~ inreres~ may appear. a~?d each and ~w.y such policy ~haU b~ promptly us~p~d u?d d~IivK~d w ~nr h~td by a~~d MORTGAGEE u furtha se.-wity ro iaid mor~ysp~ dsM. ~r+d. not I.u tMn t~n p0) daya in +dvana of the ~~cpi.~tan of ~ad+ policY. to dr hvM b wid MORTGAGEE ~ renew~l tF~wf, to~tha with a receipt fw tM premium of wch reMw~l; and ~Mn sMll b~ ~o fin o? w~nds~o~m ie?~w+^~~ piao~d on any of said buildi~gs, any interest ther~in a pa.t thereof, unka in tM fwm ~nd with tM toss p+Y+bl~ +s afore~sidj ud in tt~ ~wnt My wm of moMr becomp payabl~ w~r such poliey or poliws said MORTGAGEE shall Aaw th~ option to ~eceiw ~nd apply tM sanK on +ccov~t of tM iod~btad~ etu s~cvr~d I+weby or b pamit said MORTGAGORS ro nteiw and ~ it a any part ther~of fw other pwpostt, wi~hout thaeb~ waivinp a imp+i~- inp ~ny p~rity, li~n w ~iyhf undar or by v'vtw of this mors9~pe: and in th~ ~vent aid Al10RT,~,sAGORS ~hsll (a any otason fail to ke+p fh~ said prKnis~s so inwred, a fatl 1o deliver pramptly uiy of said pol'wies of insuruKe to said MORTGAGEE. or f~il promptly fo pay iu~ty a~y premium ~her~for or h sny r~sp~ct fail b pafor~n, dischargs. execut~. ~ff~d. compl~». aomply wi~h and abid~ by this covena++t, w any put Mnoi, said MORTGAGEE m~y pl+ce a~d psY fa wch inawano? o? a~ny pari thereof without w+ivinp w ~ffectinp any option, li~n, equity, or ripM undK or by vi~tw of this Mw~{~+p~. +~+d the ~ full an+ount of tsch ~rd every such payment sh~ll b~ immediahly dw ud payabl~ and sMll bsu interest fran th~ daM the~eof vntil p~id at tM r~N ot nin~ per osowm per s~+rwm and rogether wirh wch inte.Mt shall b~ s«wed by tM 1'Nn of th+s mwt9a~. ~ ~ 1. To pamit, oommit or suffa oo wasM, imp+irmenf w d~terantion of said property or any paN thereof. • ~ : S. To pay ~II and sirgvlar the costs. chuC~s and ~xpMSea, GKludinp a reason+ble atfaneY i fe~ and cwts of ~batr~ts of title. inaxnd w p+id at ~ any time by said MORiGAGEE, b~cwu a in th~ ~vent of ths f~i{un oa tM pan of tM iaid MORTGAGOR to duh?..p~omPth~ +nd fi+~~Y PKform, d~schu~t •xecvt~, effect. compkte. comply with and ~b:de by e~ch ~nd every the stipulstions, ~gree~~ents. condi~ions, u+d coweanq of said prom~uory not~ and th4 matyape sMr a ~ithe~. and s+~d costs, d++~gea and expenses, esch and wery, shall b~ immadiately due u~d payabl~t whethe? or not tMra b~ notiu dr msnd, ~ttempt to co11M or tuit pendirg; ~nd tM fvll amow~t of exh uid w~ry svch payment thall besr intenat froen tht d~h th~rsof w?tll p~id N the nte of ~ine pe~ centum per annum; snd all said costs, chu9es and expenses i~cvtr~d or paid, top~thar with svch intanat, ah~ll b~ s~cwed by th~ Iwn of tiw matQ+p~. 6. That (a) in tM eva?t of any b?eacF~ of this Mortgspe w defsuh on ths pan of the NIORTGAGOR, o? (b) in tM ~ve~t any of ~a+d swro of mawy herein nfe?red ro bs not promptly and fully paid within lhirty (30) d~ys next after the same severatly becans du~ and p~yabh, withoW dNn~nd w notioe. w W in th~ event each u~d every the stipulatiu+s, ~gresm~nb, co~d~taro snd covenann of sa~d promissory not~ ~nd th~s mortya~ «?y w eitAe? u~ nol iuly, prompNy snd f~lly pe~fwmed, d~scF~arged. ~xecuted, ~ffeded. completed, complied with and abided dy. tMn In eitlwr w any such w~nt th~ s~id a~ yrey+tt wm mcntia~ed in said ptomiswty note 1hM remainirg unpaid, with intere~t acuued. and atl morays ~ecwed h~teby. ah~ll b~tar~t dw u+d p~y~ able forthwith, w thereaher, at th~ option of said MORiGAGEE, as fvlly snd canpletely as if all of the s~id wms of ma~ey nrcrt aipirwllp stipulated ro be paid on such day, anythinp in sa;d promiuory note w in this Mortyaga ro the contrary notwirhstsndirg: and tMreupon a thereah~r ~t tM option of ssid MORTGAGEE, without notice w demand, suit at law or in equity, thereforo w thsreafter begvn, may b~ pros~cuted ~s ff all moneys s~arnd Mreby had m~tured prqr to in irKtitutiotf. 7. That in the event that at the beginning of or at sny time pendinp any wit upon this !Il~.~age, or to foreclos~ N, o? to nfonn h, or to «+6o?p paYment of any daims hNCUnder, said NIORTGAGEE shall apply ro the Co~n hsvir+g jwisdiction thereof fw th~ appointmMt of ~ R~ceiwr. wch Cowt sMll ~ fathwith appoint a receive~ of said mortgaged property all and sin~~lar, inrJud~ng all and singular the inoorn~, profits, Itsws and rev~nwa from what~ve? wwce derived, each and every of whicM, it being expressly undcrstood, a hereby matgaged at if specifically u1 fwth and desuibed h tM prantinp and habendum clauses hereof, ~nd such Receiver shall hsve all the broad and effective functions and powen in anywis~ entrvated by a Coun tq ~ Rawivu, ~nd •uch appointment shall be made by wch Covrt as an ~dmined equity ~nd a maner of sbsolute righl to sakl MORTGAGEE, and withoirt nfennp M tM ~ adequacy o? insdequacy of . the val~?s of the p~operty mwtg~ged w to the sonrency a inwlvency of said MORTGAGOR a the d~fendants, and that such rents, profib, Income, iuues and revenues shsll be applied by such Receiver according to the lien or aquity of said MORTGAGEE ~nd th~ practio~ of suth Court. 8. To dufy, pranptly snd fully perform, discharge, exetute, effect, oomplete, comply with :nd abid~ by Nch aod wery tM sfipulations, aprNm~nts, conditioro and covenana in said. promissory note snd thu mortgsge set fwth. 9. That in the event the ownership of the mat9sped promises, w ariy part thereof, become: vested in a perton othe? th~n the INORTGAGOI~th~ MORTGAGEE, its wccessors and assigns, may, writhout no~ice to the MORTGAOR, deal wi~h such successw or wccessa~ in interest with refae++ce ro this ~ mortgape and the debt he~eby secured in tix same maroxr as with Mortgagw witlw~t in any way vitistinp a dischug"N+g ths Mort9agors' li~bflity herr under w upon the debt hereby secured. No sale of the premius hereby mortgaged and oo forbe+ranoe on tM put of the MORTGAGEE a iN suctessors or assigm and no extension of the time fo? the payri~ent of the debt hereby secured ~iven by the MORTGAGEE a its suctessors or sssigns, ~II opsrab ro rekase, d~schuge, modify change w af(ect the original Iiab~tity of the MORTGAGOR herein, either in~whole o~ in put. - ~ 10. It is speNfically egreed that Yme is of the euence of this contract and that no wa'iver of any obliyation hereunder or of th~ oblipatioe ~e- cwad fwreby aF~ail at any time there+fter be held to be a waiver of the terms hereof a of the instwrt~ent senxed herby. . 11. In add~tion to the forego:~g mw~thly paymenri of princ'psl snd interest required by the promiuwy no~e secured hereby. mortgagor aown~nh and agrees ~o pay to mortgagee with tach monthly paymcnt an add~rional sum est~mated by mortgagee to be equal to 1~12 of the annwl cost of the follow- ° - A-All real property taxes kvied or auessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the improvemewts situate on ths above desvibed prertuses. ~ C-Premiums on such mwtgage guarsnty inswar.ce as mortgagee shatl from tlme to time deem fit to c+rry on the loa~ secured hereby: Mortgagee shatl from time to time notify mortgagor in writing of the amount due and payabk he?eundet ~nd suth sum shsll thereupon bs due and payabk on the due date of the next monthly payment and each successive month thereafter until mortgsgee sh~ll notify mortgagw of a d~+nge in such i ' amount. $vch sums shall be applied by mortgagee toward the payment of real property taxes, imurance prem:ums, aod mwt~age gusraMy inwrance ~ ; premivms. ' ~ IN WITNE55 VlIHEREOP, the said MORTGAGOR hu ~hereunto set his hand and sesl the day ~nd rear P id. F Seskd del' ed th~ presence of: f~~~.: ~ t n . . ~ - K--O . ~ STATE OF FIORIDA ~ , ~ ~ courmr oF 3t. Lueie ~ B,fore m, pen,n,~y ,ppe,.ed C. V. Padriak ,~d R'1 i~AUe~h 0~ Padr~Ck his wife, to me well known ~nd krwwn ~o m~ to b~ ! the individwb dewibed in u~d wKo ~xecwed the fwegoirg inat~urtwnt, and acknowledyed beforo m~ tMt tMy ex~ccrted the iams fw tF» pwposss ~a~,.d, ,?~d t~„ „:d Elizabeth 0. Padriak wifs ~ e» C. V. Padriak ~ . , .~a ~,,.r. examinatio~ by me taken separste and apart from her said husband, adcnowkdged to and before me thaf shs exetufed se?~ !ns!ru:nent fteely and volvr~ tari~y and withovt any compulsion, ao~straint, apprehension, or ~x of or from her said husbsnd. WlTMESS my Mnd and offitial ssal this ~3~'~ day of A. 0. 19 ~+1_ _ - - ~ - . Notary PuWic in snd fw fht Statt of Fbrida af t~r~ Retwn T~ . My Commission t~e~; StiM ~~Ql:~. 1'10 r fint ~edaal ssvbgs a ~oan /?swciar~on 1~Ar Co~mission .Ex~itt;~ I~It: }3Ej~96~~.. - Of Fort P~erce. ~wd~d i~ ~a«.pi~~a ~wd~.fa4 `r . • J . ~ , ~a' • ~ : v~ ~ . F~~p pND ~UN~Y~ FLA• ; t Z ,fl' ~j ~ ~ _ ~ _ ST,RUC~ p ~~ERtF1ED~~ . _ : ~ .,.,i`_, cl ; : _ ~ 15 : ~ 1 ~ri o 3 ~g ; 3 PM ' ~ '61 ~ o,~~ ~?O~~R `~~T COURT 800K165 PACEI~UQ ~ CLERK CIRCUt? ~ ~ ~ t ~ - - si? ~ _ ' , . = ~ - - q~ ~ _ _ =~~t