HomeMy WebLinkAbout2319 3. To plac~ ~nd contin~ouslY k~ep oe~ the b~ild~rqs now w Mre~ftK at~~t~ on ~sid I~nd snd on d) ~quipmMt u?d pKSa?~Ily oovK~d by this narp~
ege, wi~h dl pr~miums the~eo~ piid in full, fire inw~anc~ in 1M uwal saaiard policy fonn, in a swn apptowd by tM MORTGJ?GEE. Nd wind~torm
~~~ur•nce in rM ~wal itanda.d pol~cy iorm, in a sum +pproved by ~M MORTGAGEE. In such con~ey a oon~paelN tMw MORTGAGEE n?~y
d~rcct; and ~II fir~ and windswrm inwr~ece poliues on any of said buiW~np~. ~ny tntN~st tMr~a~ w p+rt tM~~of, in th~ pprpu~ w~n ~for~s+W a
in ~xcas tMreof, sMll contain the uswl iandard mor~9age+ clau~ a iuch o~F~ da~ +s th~ Matp~ m+Y n4v~n. m+kinp tl+~ loss w~d~~ sa~d pdi~
uei, each ~nd ~very. p+rabl~ a s+id MORTGAGEE ~s ~1• in~eiett may pp~a~. and each and ~vaY ~uth Policy sh+tl b~ promptly us:pn~d u+d dtliw~~d ~o
eny held by said MORiGAGEE as funhe~ seturity ro said mortysge debt, ~nd, rwt t~ss th~n t~n (10) days U+ +dvu+a of the ~apir~tion of tad~ policy, to d~
I~ver to said MORTGAGEE s rs++ewal th~reof, topetF~ with a receipt fw tM pramium of wch ~~newals and tMn sh+ll M no f'w o? wind~te?m inswuiu
Placed on ~ny of said buildin~s. sny interest therein w p~rt thereoF, unleu i1~ IFN {O~m ~nf~ witll 1M (Oaf ply~W! ifO~~i~WJ +~+d M tM ~wnt ~ny ~wn
of mon~y becom~s payabl~ under such policy or policies s+id MORTGAGEE shall haw tM option to r~uiv~ u~d ~pply tM s~m~ on +cco~nt of tM ind~bted~
ness securtd M~eby o~ ro permit said MORTGAGORS to receiv~ snd u~ it a ~ny pKt tMreof fw other qxpoHS, without ~herebr w+iving p unpair•
ing any puity, lie~ or right v~der w by virtw of this mozt~a~et ~~d in tM ~vent a~d MORTGAGORS shall fo~ ~ny nswn fail to ketp tM said pnrnaa so
~~n~red, or fail ro deliver promptly ~e?y of said policies of insuranc~ ro s~id MORTGAGEE. o. fa~~ aomPty w wy wib +^Y P?«^~~ ~~'~fOf ~^Y
respea (ail ro perfw~, dixharge, execvte, effect, completa, comply with and ~bwi~ by tFw town+nt, or aay part M+wf, uid MORTGAGEE m+y p1+c~ +~d
pay for such insuranc~ w any pan thereof wi~hout w~iv'u~p w ~ifsctinp ~ny optia4 lien. puity, a ~ipht und~r w by vinw of thh Monp+p~. and the
f~i1 amo~ot of each and ~vKy such p~ymen~ sh+ll be immediately dw ~nd psy+bl~ and ahall bNr int~r~~t fran tM dat~ th~rwf until paid ~t tM ~~b of
n~r,e per centum per s~u+um and together with suth interest shall be secured by tM IiM of this mortp+p~.
1. To psrmit, oommit or suffer no wasts, tmpairmcnt or deterioration of s~id property or any p+rt ther~of.
5. To pay all and sing~lsr the cosn. ch+rpea u~d expenses, iocludinp a reasoMWe ~tt«neY'~ fN ~+d cosri of ~nacn of tttle, kKV?nd a p+id ~1
any ~ime by said MORTGAGEE. Muvse o? in ~hs •venr of ~he f~ilwe on riN p~n of ~M said MORTGAGOR a duly, pranptly and fully p~rforen, di~charp~
r.ecure, eifect, compkte, comply with and ab:de by each and every the stipulations, p~eements, tonditiom, ~nd oov~nn of said promissory not~ ~nd 1hu
morfgage a~y o~ either. and said cosn, ch~ryas and ~xpenses. csch and every. }h~ll be knmediatdy due and pay~bltt wMtMr or not thtn b~ notict d?
mand, attempt to collect or wit pendingt ~nd tM full snwvnt of each and evKy sucA p~yma+t sMll beu intKqt ftan tM dst~ Mer~of vnNl paid at tM
.afe ot nine per centum per uuwm; and all said eosts, chsrges and exp~nses incvrred or paid. ~opNher with such Int~raf, ~MII b~ Ntund by tM IiM of fhia
mortgags.
6. That (a) in the eveet of any bre+ch of this Mortga9e w default on ths part of ths MORTGAGOR, w(b) in tM ~wnt ~oy of wid uam of money
here~n referred to be not prompNy ~od fuly paid within th~rty (30) dsys next ~fre. tM same sever~~lY becom~ dw ~nd paY+bl~, wttlwe~ d~"n+^d a' ^°~ia~
or (c) in the eveM each and every the stipulations, sgreements, tonditions end tove~nri of s~id pranissory not~ and tlws mortpa~ aq? w~itFw ~n no1
iuty. prwnptly and fully periormed. discharged, ezecuted. ~ifected. compkted, complied with and abided dy. 1Mn in~~itMr or any wd~ fwM tM s~id ap~
gregate sum ment'aned in said promiuory note the~ remainiry unp~id. with iMerest acvved, and all mon~ys sK~nd.lMr~by. sh~ll bKOm~ dw and p~Y'
able forthwith, a thereafter, at the option of said MORTGAGEE, u fully and tompktely ~t if ~II of tM s~id su~ns of mon~y w~n orqindly ~tipulat~d
ro be pa~d on such day, anyfhing in sa:d promissory nore w in this Mwtysye to the contrary notwitlatandinpj and tMrwpon or tlMr~aftN at tM Option of
sa:d MORTGAGEE, without norice w dem++~d, suit at Isw or in eq~iry. fIllffFOfA Of tlNfYiftN b~Q~e4 m~r b~ proNa+t~d as ff all rtan~ya Mwnd hK~by
had matured prwr to iti institution.
7. That in the event rhat at rhe bcginnirg of or sr any time oending any wit upo~ this Matpspe or to ~oe+etoa h, or to nform h, a to ~nfwa
pavment of any daims he?evnder, said MORTGAGEE shall apply to ti~e Court havirg "ryrisdicYan thereof fa th~ ~ppointnwnt of ~ R~uivK, sud+ Court sMll
for~hwi~h sppoint s rcceiver of sa~ mortgaged prope~ty af) and singular, includ~rg all and siryvl~r th~ irtao~ne, profiri, btw~ ~nd nwnwi fran wMt~va
sou~ce derived, each and every o wFi~ch, it beinp expressly understood, is. hareby mortg~ged u if sp~cifiully Nt forth ~ed dNaib~d tn thi pae~tinp ~nd
habendum dauses hereof, and wch Receiver shall have ~II the broad and effective funct~ons and powen in ~nyw~s~ entrw»d by ~ Cowt p~ R~aiwr. ~nd
s~ch appointment shall be made by such Court u ~n admined equity snd a m~tter of absolute ri9ht to uid MOR?GAGEE, ~nd wit.`.out t~f~t~no~ to th~
adeq~acy w insdeqvacy of the value of the p~operty mortpsged w to the wlvency or insolv~nq of said N10RTGAGOR or tM d~f~nd~nt~, and th~t such ~
re~~s, profin, income, iuues and revenues sh+ll be applied by svch Receiver xco?dinp to tM 1'~an or puity of uid MORTGAGEE. and th~ practia of wch
Court. - -
S. To dvly, promptly and fully perform, discharye, execute, effect, complete, comply with and ~bid~ by ~ach and w~ry tM ~tipu~ations. ~prN++wnta. `
conditions and covenants in said promiuory note and this mortyaga set forfh. ~ • ~
9. That in the event tlx ownership of the mwtgsped premises. a any put tFrcreof, becqnes wsf~d b a p~non oN~M N~an fhe MORTG/?GOR. th~ ~
M.ORTGACsEE, its suctessws and suigns, may, without notice to the MORTGAOR, deat with such sutuuo? or wa~ssw U iniNqf vm'th nf~r~rw to thb j
~:or~gage snd the debt hereby secured in the same manner u with Mortgagor without in any way viti~tinp a d'aclurp~np tIN Mwty~po~~' li~bility !»rr ~
under w upon the debt hereby secured. No sale of the premises hereby mwtgsged and no fotbNranq on tFN part of th~ MORiGAGEE or (t~ suaetson
or ass~gns and no eztension of the time {or the paymcnt of the debt hereby secured yiven by the MORTGAGEE a iri wcpuoq or awipM, ahall op~r~t~
ta releax, dixharge, modify thange or affett the wiginal liabiliry of the MORTGAGOR her~in, ~ither in whols p In puf.
10. It i~ spec~fically agreed that time is of the esxnce of this contract ~nd thst no waiwr of ~ny obllp~tion htrwnder or of tM oblip~tion w-
cvred hereby shsll at any time thercafter be held to be a waiver of the t~rms hereof w of th~ Instrument s~cund hKby.
11. In add~tion to the forego:rg moothty payments of princ'pal and interest required by the promisfory note tecvred hereby, mafp~go? tov~nsnb
and agrees to pay to mortgagee with each monthly paymeM an additionsl sum estimated by mortgaDe~ to b~ pwl 10 1~12 of the annwl tosf of tM follow-
ing:
A-All real property ta:es levied w assessed against the above described real est~te.
B-Premiums on fire and wi~storm insurance as he?ein requ~red fo be urried o~ the improv~ntents iduaM on fhe ~bove dewib~d ptMni~p.
C-Premiums on suth mortgage guaranty insurarce as mortgsgee shall from time to time deem fit to urry on fFw (osn Ntvr~d hereby.
~ Mongagee shall from time to time notify mortgagor in writing of the amount due and payable hereu~de~ u~d tuch wm shaU tMrwpon b~ dw and
! Fayable on the due date oi the next monthly payment and exh sutcessive month thereafter until morfyage~ shall notify morfg~gor of • ch~np~ in such
~ a~,.ount. Such sums shall be applied by mortgagee toward the payment of real property taxp, insvrante p?em:wnt, ~nd morip~ys 9w?anty (r?wrante
o~emiums.
i IN WITNE55 WHE , the said MORTGA R hss hereunto set his hand uid seal the day t aforai
l~ Siyned.5esled del' fd the of: ~ ,
~ n
; n
- a, e _ ~-Q.~J cs..n :
STATE OF FLORIDA 1
COUNTY OF St• LL1C1@ ~ ~ -
~fae ny , s«d Narold Spencer -
~ ~a~pe~cer
his wife, to en~ well known and known w me to b~
rhe individwb destribed in and who executed tFq forepoirg instrumant, and ~cknowledgad beforo rrr tlwt they sxea,ted the ~am~ for tM purpaas
,~„e;,, ~x~?~a. a~d th, s~;a Ila S~encer
f; fP of Harold Spencer - ypp, ~ sepu~te .nd P,H,,,~ _
e.aminat~on by me taken separate and apart from Ixr ssid husband, adc+wwledged to u+d befa~ m~ tMt ahe exewted said irotrument freely and volvn~
rar~ly and witFw~t any compvlian, constraint, apprei+er?sio , fear of or from her w sb~nd.
~ WITNE55 my hand and.officisl ~eal thi ~ day A. 19 67
~ ~
~ :
;
. % - Notary Public in and fw thi Stst~ of Horid~ 4.~La?pt l;,,. >
/ My Com~nission enpires: • , :
Return Ta ~ ~
~ • • ~
First Feders) Savirgs d. loan Auociation -
Of Fon v~~rce• NOTARY Pl1BL'~: S7ATE of FLORIDA at lARC@ ' ~ =
Pt~~~tl~~Q~COROLD ~Y co.~uissio~~ E(FiRES NOV. 29, = : ~ ,
87. Lt~CIE COUNTY. FLA. J`'
BONDED TMROUGN FRED W. DIESTEUIORfT - . ~r ,
C.L(`i~?~fl \•--r~t}CIJ .
~ 1 9 ~
591 4 _ . , .
'61 AI~ 17 AM 10: 13 - "
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C!_= ~;K ClRCUIT COURT SppK1s I PAGE2319 ~
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