HomeMy WebLinkAbout1901 , ~ ~ y .
Te piaa and oontMwowly k~ap on tM bulldMip~ now a huNhw ~ih?~~~ on uW I~nd Md on ~N ~N+tp~M ~nd PM~~hI btl ~I?t~ n+o.~a
sg~. wi~h atl p~~~iwn~ tihsreoe paid in WII, fin kuww~a in ~M wwl uandud polky forn~, in •~wn app~owd by ~M MORTGAGEE. ~nd w~nds~a~~
in~w+na M ~M uwa) Naoda.d pofic~? tan~, b• swn approwd b~r tM MORTGAGEE. in wch conipany w con~p+~iM ~M MORTGAGEE msy
d:.edi w~d ~II (ir~ ~nd wind~~onn 'aauuna. policiH on iny of s~W build~npy ~ny M?N~Nt Ilw~ie a pal tl~wi, M ~M apqre9s~~ wm da~s~~d o~
in uecn~ ~herwf~ ih~ll conuin ~M uw+l sandar~ ma~pape~ clws~ a wdi aha dws~ ~h~ MawapN ~n+r ~pu'u~, ~klnp ~M Ios~ unda sa~J poN-
cte~. ..cA «+d .v.rr. WYaW~ w s+id MORTGAGEE a~ ~~a In~aet~ ma~ ~PP~+~~ and ~ach and way ~vch policy ~hall b~ prompu~ ~a:yned ~nd d.ltve*ed ro
.ny MW br s~id MORTGAGEE ~f (wther ~ecwi~y ~o a+id mort9ap~ deW. w+d. 1101 I~t~ 1INf1 IM (IO~ M~ idVMK~ OI IM 0%PUiti0fl O~ QKI~ pOlity~ to da
I;ver to wid MORTGAGEE ~ r~wal thtrooi. ~oqe~Mr wi~h a recey~t fa 1M pr~mium of wch ren~wN~ and ~hsr~ sMll b~ no t'u~ a w~nd~~am tn~wa~c~
placed on ~ny of ~aid bulldinp~. anr intaes~ U~~in or par~ ~he~eo(. vnl~ss In ihe to~m ~nd wi~h ~M ios~ p~yabb +i •(u~s~idj ~nd ie tM ~ven~ ~ny ~u~n
of mo~.y becom.s p.yaW. w~der wd~ poUcy w polK~es uW MORTGI?GEE aMll h~w ~M op~an ro~ece~v and appy ~M sa~+~e on .ccow+~ ot ~M indrb~ed-
nes~ secwed hertpy w b permil said MORTGAGORS 1o ttotiw and ~t~ N ot My parl lhercol for othr~ purpo~es, wi~hou~ tha~eb~ waivi~~g a.~,~u•.
~~g any eqvtry, liee o~ riql?~ w~d~~ w by vktw of ~Iw nar~p+p~t ~nd in ~M ~wnt uid MORT(~1GORS shall (w ~ny ~taso~ fail ~o keep d~e iaid prern;u~ so
~n~vred. a lail ~o d~liwr proenpth any of taid polieia o( inswanes to ~aid MORTG/1CaEE, a fail promptly to pay fully aoy pr~n+wm ~he~efa a i~
re~Pea lail ~o patonq, ~sehu~. ~x~eut~. ~f(~. eompltt~, eomply wiih and abid~ by ~his eovenaM, a any p+r~ herwi, s•~d IMORTGAGEE ~nay p~xo .,.,a
pay for ~uch irawann p any part thereof wi~houl waivin0 or alfec~inp ~ny optia~, lien, equitY. a ri~ht wxb~ a by vinu~ of Ih~s Matgage, and tM~
f~~1 amowu o( each ~nd ~vKy such paymant ihall b~ i~w~wdi~kly dw and p+yabla and shall sea~ intaest from tM daq ~hc~oof umil po~d ~he to~e o'
n~r,s pe~ temwn pa aenwn and Wpedw wi~h wch inlerKl ~h+ll be secu~~d by the lien of ~his ma~pa~s. i
1. To psrmit, conwiat or w(Iw oo wuN, kep~irm~M a deteria+tion of uid property w any pa~t tMr~of. ~
S. To pay ~11 ~nd Qnpular th~ wst~, chu~s and expMSe~. includi~p a reasonable snaney's (N ~nd ~u ot ~bstraus o1 tht~, intwred a pa~d a
+ny tkn~ by s~id MORT(iAGEE, b~cauN a in the ~w~?1 of IM failure on ~M p~rt of ~M said MORTGAGOR b duly, promptly ~nd fully paloro d~uha~q~
.xecu~~, et(ect. eompk~~. complr with and ~bid~ by ~~ch and wery ths s~ipul~~~ons, agreemems, ca?ditions. and covH+ams o( Nid praniisory not~ and th~~
mor~9~ a~Y O~ either. and said co~~~, cAu~s and ~:pMws, each uwl ewry, sMll be immedia~ely due ~nd payab4: whe~hsr or no~ ~he« b~ oo~Ke d~
mand. ~nempl ~o colkct w wit pend~rq: aod ~M full anount of ~ach ~od eve~y such paymen~ sMll beu inrereu 1.om ~he du~ tMr~of vntil p~id a~ the
ra~e o( nin~ per centwn pK an~wm; ~nd all said cos~s, chuy~ and exp~nset incwred or pakl, 1og~th~r w~~h wch ~ni.Ke~~. sMtl b~ acwed by ~M li~e of tht~
mw~9+9~.
e. That (a) in ~h~ ~wnt oi any bnach of this Nlort9a~ or defwlt on 1!~ pan of the MORTGAGOR, or !b ~n ~he ~wnt ~ny of said ~una of mon~r
• here~n re(crred 1o b~ na promptly and fv11y pa~d w~~hin, tlw~y (30) days nex~ aha ihe same sevaa~~y beca.~r due and payabk, wUhou~ d~mand w notice.
or (c) in ~he evero each ar~~every IM stiputa~ioni, agrremen~s, conditions +nd cown+nu of sa~d promi:say no~e +nd ~las mortgap~ ~ny a ei~hN u~ ~wl
iuty. peumptly and lully performed, d~scl~u~ed, e~~cu~ed. ~Ifected. compbtad, compl~ed wi~h and abKk.~d by. ~h~n in si~her w any svch twm tM aid ~g
- gregat~ swn memiw~ed 1n said prumiuory nwe then ~emai~inp unpaid. with hurest accrued. and all ma~eys stcwed he«by. ih+ll becom~ dw and p~p -
eble (o.~hwith„ a d+erwfter, a~ ~he op~an of said MORTGAGEE. u fvllp ~nd comptetelr as it all of the ~ald ~wns of mwKy were agimlly sspulned
?o bo paid on wch daY. ~nythlrg in saGd promwsory note w in thii Morp~ a ~he conuuy nawi~hs~~ndinpj and ~he~eupon a the~eat~e~ at ~M op+~on of
sa~d MORTGAGEE, without ~it~ a dem~nd, wil M law or in equi~y, therdon ot thereai~~r beywy m~y b~ prosecuted u if all mo~ey~ ~ecwed Aersby
had marwed prar to iu institWia~.
7. That In Mw ewnt tha~ at tM begb+niny of or af any tinw pend'r~p any wit upon this Mort~ag~, or b faactoH h, a to reform h, a to ~nforn
paymen~ ol any claims hc~~unda. s~id AI1pRTGAGEE shsll apply to the Cowt Mving iwisdKtion thereof for IM. appointman~ of ~ Recaver. wch Gowt sha!I
for~hwi~h ~pEwint •~ec~iver o( said mar~9agad propertY all ~nd singut~r. Includu?g all and singvla~ the inco~n~. pro(it~, issues snd r~venws Iran wha~ever
:ou.ce daived. each and evsry of wh~ch, i~ beinp ~xpretsly wdera~ood, it Mreby mor~gaged a ii specifiully sel (a~h and dexribed in ~he pranting and
habendum claus~s hereoi, and such RecsivK shall Mw all Ih~ broad ~nd effetriva iw~u~ons and powen in anywise entrusted by a Cant to a Receiver, and
•~ch appoin~men~ sAall be mado by wch Cowt as an +dmitted eqviry snd ~ matter of absolute right to s~id MORTGAGEE, uid wlthout n(erenc~ to th~ ~
•dequacy a inadequacy of ~he valw of ~M prope~ty monpy~ed or to th~ wlvency o~ i~wlvency oI said N1pRiGI1GOR w the d~fendann, and ~h~t such
re~is, p.oli?s, incoms, issues and revenues ~hslt b~ ~pplied by iuch Receivtr accwd~ng io the lien o? squity oi ~aid MORTGAGEE ~nd th~ prac~ics o( svch
Court.
0. To duly. P~~P~~1? and fu1~1/ Pw~~. ex~cut~, e((M. oomPk~~. ~omP~Y wi~h ~nd ~bid~ by each ud swry tlw stipulniwq„ ~greemenb, ;
condiliorq ~nd tovenaN~ in sa~u pranhsory not~ and ~his mo~ysp~ set forth.
9. ?hat in th~.aw~t the owrwnhip of th~ ~ao?t9apsd Pnmiies. or ariy prn thaeol. becanes vested in • p~rwn othN tlun 1h~ MORTGAGOR. th~
M,ORTGAGEE, Ns wcceswrs and auy~ns, n?ir, wi~houl notica to th~ MORTGAOR, deal wi~h iuch successor w waeasor if1 IIIfNH~ with rofe~ence to tht~
mortg~ge and ~he deW hertby secwed y~ th~ ~am~ ms~ns~ as with Mortyspor without in ~ny way viliat&g or d'aclw9inp Ih~ Mort~syas' Ilability Ikrr
under w upon ti?e debt hereby secvred. No sab of th~ premises hcrcbY maf9sged ~nd no (abeuance on th~ parl ot Ih~ MORTGAGEE or in successon
or ass~gns and no ex~ension of the tNne ta Ihe piymenl o! tM dsbr hereby secwed piven by 11a MORTGAGEE w its succNwn p auipns, ahall op~rat~
~o release, d~xMrpe, modify chuge or d(ect the wipinal lisbility of HN MORTGAGOR herein, eitAer in whole p In put.
10. It ts ipecifkalty ag~eed ~Mt t~ h of t!w essenc~ oi this contraa and dut no wahrer of any oblt~atan heraun~ler a of ~h~ obtigatwn se.
cured hereby shall at any tim~ ~here:f~~r b~ held to b~ ~ w~irtr of the tKms hereof a of ths Iratrwnent ucwed Mrby.
11. In add~tion w ~M /a~e9o:n9 ~~~Y WI~~~i of princ'psl and imeres~ required by the promissuy na~ secwed harebY. mo?~9agor covenann
a~d agree~ to pay to monga~ee with each montMY paYmsnt an addi~ional swn ea~~ma~cd by mwtgagee to be eqwl to 1/12 of the amwi cost of tF~e follovw
ing:
A-All real property u~cp kvied a assessed apaLat tF~s abovs described real esute.
B-Premiums on f'ue and windstarm 6?suranos as herein requ'aed to b~ cu~ied on the irt~owm~nts sitwt~ on ths abovs dewibed premiies.
~-Prcmiums o+t wch mo~rt9ag~ gwranty inswu.p as mortgagee shall trom ixne to ~ime deem fit to urry on th~ (oan seai~ed heroby. - '
i ~9+9K sMll irom time lo twn~ notify morlgagw in wririnp of /M amoun~ due and pay~bb herew~d~r u~d stxh sum shall thereupon b~ dw ~nd
i payable on the due date of ~h~ next monthly paYment snd tath wtteisiw mon~h thercaher un~il mortqage~ sh+ll noHfy monpagw of a charge tn s~ch
~ amw,nr. Such wms shall M applied by mortgs~ee toward the payment of r~~l propeny uxes, inwranc~ pre ' , ~nd mort e gwr~nty Ins~r~nc~
premiums. ~
~ IN WITNESS WHEREOf, tM said MORiGAGOR has• herevnto Nt ha Mnd and sesl the day and rs~ ~for~said. ~
f `8,,.,~ ~ ~es~nu of~ ~ ~i
a~ ~
~ a vi u .q
~ t l~~ and as (#~.iardian of the Es~~te 1'
. oP Ruth Geneva Railey. an~,~ ;
incompeten~.
S?ATE OFfIORIDA • ~3
cour+tt oF ~t _ T.~~n i w ~ u" • ~
- - - - - ~ - -
9efore me ~pereonally appeared Harry ~ailey; ~~.to me Ke~~ knoKn and kno~rn to me
to be the individual deacribed in and who executed the Poregoing instrument ~
and he a~knoWled bePore me that he exeouted the sarle as an individua~l, Por
the rurpose3 ~erein e~cpressed. And the said Harry Bailey~ as Guardian oP ~
~ the rstate of Ruth aeneva BRiley, e~n incompetent, acknowledged be~fqn:e~-nt
±h~t he executed the said mortgaga aa such Guardian for the pu~p~es.:therein ~
~ expressed. ~ _
~ ''y ~ ~
Witne$e my hend and ofPicial seal, thie ~I' day of Augu9t, X'96~.--.- _ ~
~ • "t 'J G ~
F~~EO nao aECOaoEO~ . ~ . . ~
gT. lUC1E C~UNTY. F~• . . . -
a~l ' ~ $
FtECORD VERIFIEO ~ _ . . • ~
.~SS~~r o ary Pu c n an ~or t~.~e
9: 0~ State ot' Florida at large.
'~T A~~~ 9~ M comaniaeion ex irea:
_ ~ Not~ry Pobic. SUte a1 Florida at lar4e
itOGEr7 F~~jR~S ~ • ~(~w~sio0 6cpires No.. 3,1969 ,
-~enrc c~ac~uT COUa _ - - ~~»+~+a fw. c.»w. u• '
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