HomeMy WebLinkAbout0688 . .
• , , ' - ' '
~s
vakl? or volki~s sNd MORTCIIGEE swll Irv~ tl~ option ro ra~oNw and tn~ s~ on aooant of t1~ Ind~bbdrwss »cwrd h~rb~r or M+
~C ~W MORTW~GORS ro ~.o.ivr sod us. h o? an~r pxt H+«+wf fa ~rpo~ wtNaut th«•by w~ or ~npai~t^e +r+~? .a+~h.
Iten a ~i ur~ or by virt~ of tl~s Mortt+p: and in th~ ~wnt sitd MORT~'~~/1GORS sl+~1! fa? any ~as~on fail to IcMp tM ~sid pninlsa
so i~o~ fail to ~Mlivw PranOth? aMr of s~ki pol{ci~s of i~ to s~id MOR a fail poo~nptfy to pa~? fulbarry Pnm~iun th~fo?.
« in a~y nspat hil to PKfatn. disth~~. ~ffeet~ aompl~b, eamply with i~~ by tl~ts town~nt. or +nY P~ M~. sdd MOflT
G/IGEE n~y plaw and pay for such inwnr~ w~r p~srt tlwnoi wlthaut vwivie~ o? s ycMlcn. ~Nn. puiW. or ~i~t und~~ or b~1.
vinw of fNs snd tha full ama~nt of ach and~y wch paynit~nt shall b~ ~n~a
ely du~ and payabl~ and ~all b~a~ MtKest
from th~ d~t~ t~f~i~unHi paid st tM nb of six and~( t~nths pa ce~t pK arowm snd to~eNw? with wd~ Mter~st sh~ll M s~cured by th~
lian oi this mort~p. R1I1C
4. To pKm~t, oomn~it or wfhr no waste. impsimnent o? d~tsriorstion of said props~ty or sny pait th~roof. `
S. !t b heroby spetifiply asteed that sny sum or s~rru whith may be loaned a advsnud~y the MortQs~ee to fhs Mortp~or at sny
tim~ sfter tht rooordi~ of tFds indtnturo. to~ethe? with i~terost theroon aY tha nte a~rocd upon at ti~e Hms of wd~ lo~? or advanc~e. shill be
eqwtly ssourod with and hars the ssme priaity ss tM oritirn! Indebtedness„ u~d be wbject to stl the temns snd povisions of this rta~tWte:
Providsd, thst the s~meaM amar?t of pNncipal outstand'in~ st any time sh~li not exteed ~n snwunf eqwi to ax Mx+drad s~d tifty pe? oent
(150~i) of the principsl smount a~i~inaty securod he?eby, ,
6. To pay sll and sin~uu{ar the costs, thsrges snd exp~nses, inciudin~ a roasa+~bk atta~ney's fee and ovsts of sbstnct ot Ntl~ in-
cur.ed or p,~id at any tlnie by ssid MORTC/1GEE because or in th~ evont of the fsiluro on thepa?t of the ssid MORTGIIGOR to duly~ prompty
and tu1~Y Pe?fwm. ~sd~arg~. exewte. effect. complete. compiY with and sbW~ by each and every ths stipulaHa?s. a~reenxnts, oo~ditia+s
and oove~anis df ssid promissory note and this ?ewrtgsg~ a~y w Nthar. snd said caats, d~srges snd exp~uas, axh and ewry. sh~ll b~
immediatey due and Paribk: whethet w ~ot tMro be notioe. demand. attempt to colkct or wit , a~d ths tu11 smax~t of exh and
every wch payrne~t shali baar interest fran tM dsM tl~eof untit psid st ths rate of six and ~J~gper pntum par anrwm; and all aafd
costs. chs~es ~nd expenses so incurred or paid, together with suth interost, sh~l! be setuttd by ths lien of this mortp~, ~
7. That in the event of any bm~ch of thts Mortga~e or default on the part of the MORTC/1GOR~ or (b) in M» went sny of said
wms of ma~ey herein refarrod to be not parptly and iully paid within thi?ty (30) days next sfter ths same severaly beoome due snd payabta
without dema~d or notice. or in the event e~sth and every the sNpulatiora„ srgeements. conditbns and oo~va~ants of said promissory nots
and this mo~t6~6~ ~Y or either are not du~Y. WomPtly srd iul~Y Performcd. dixFwrged. exetuted. effectcd. comPkted tompUed wtth and
abided by. tF~en i~ eithe~ or sriy such event, the said aggmgate sum menHor?ed in ssid promissory note tF~an ramstnin~ with interest
accrued, snd all ~~red hereby, shall becwas dus and payabie {orthwith, or thereafter~ at the option of said MORu~~ ~~ly
and oompletely ss if a 1 of the said wms of mo~~ey weTe originaliy stipulated to be paid on wch day. anything in said pramiuory oote w in
this Mwtgsgu to ths aontnry not withatanding; snd the?aupa~ or thereafter at the option of ssid MORTGAGEE, without n...~'ice or derr~and,
suit at bw or in aquity, M~ay be prosecuted as If all mo~ies secured hercby had maturod p~ior ro its irutitution.
8. That in the avent tfiat at the bs~inning of or at sny time psnding any wit upoo this MortQage. or to foroclos~ it~ or to reform
it, w to enforce piyme~t of any ciaims here~uxler. said MORTGA~C'~EE shsll apply to the Court having juris~ction thereof for the appointment
of a Receiver. wd~ Couvt shall fo?thwith appdnt a Receiver, of said mortgsged property all snd singubr. inckdin~ all snd singulsr the •
intome, profits, issues a~d rev~enues frtxn whateve? w~xrce deriwd. each snd every of whith, it bein6 e~s~I? unde~stood. Ia herobY mort• 1
SaSed u if spocifically set forth and described in the Branting and habendum clauxs hereof. and sud+ Reoeiver shsll have ~II the broad and
effective functions and po~wers in anywise sntnuted hy a Court to a Receiver. and wd~ ~ppoi~tmtnt shall bs msd~ by wd~ Court as an -
admitted equity and;s matter of sbsolute ~ight to said MORTG/IGEE. and without refercnoe to the adeqwcy or inadequacy of the value of ths
P~O~+b ~6lSed o? to ths sdvency or irnolvency of said MORTGACOR o. the deferkl~nts. snd thst wd~'rents. psofits. inoomes. tswea
and revenues shsll be s~plied by suth Receiver aooorfiing to the lien or equity of ssid MORTGAGEE snd the prattke of such Cowt.
9. To duly. P~'on+Pth? arx! fuly. Perform. dischary~e. execute. effact. oarplets oomplY with and abide by asd+ snd every the stipu-
iarioeq, agroements. oa+clitioes ard eovenants in said prornissay note and in this mat~s~e set forth
10. Thst in the event the owne~st~ip of the nart8,~ged Premises, or a~ part thereof, beoanes vested in s persa~ other than ths
MORTCAGOR, the MORTGIIGEE~ ln su~ssors and assigns, msy. witlauc ~orice w N,e MORTGACOR. deal with wd~ suaessor or waessors
in interest with referenoe to this mortgage and the debt he?eby seturod in the same manner ss wiM Mortgagor without in any way vitiating
or disthas~ing the Mo~t~s~gor's IlsbiUty 1~sreunder or ~ipon the debt hsreby sewred No ~~e o~ ~~,a~ ~++ae~,~sad u+a ~,o fom-
beannos a~ ths part of ths MORTGAGEE or its suooessors or assi~ns snd e~o extauion of the Hme for the p~yment of the debt hereby secured
Hiven by the MORTCI~IC,EE or i1s wooessors or assigns, sh~ll operaM to release. dtsthatge. modlfy. thtnge w ef(~sct the orisinsl lisbility of
rhe MORTGAiGOR he?ein. eitF~ in whoi~ or in psrt.
11. It is spetiRcsilr sg~eed fhst time is of the ~noe of this oont~ct and that no waive? or sny obli~ation hereix~der or of the
obligatian secured hareb~r shsll at any timt thsroafter be held to be a waiver of tf~e terms hereof or of the i~t ssou~d hs~eby.
IN WITNESS WHEREOF. the s~W MORTGAGOR hss herounto set his hand and ssst tF~e dsy srd yesr Rrtt siorasaid
Si~wd. Sa~ted and dsiivsred in p~eser~a of:
- ~
. - - ~ /
~ ~ _ r '
- - - - - ~~?u
STATE OF FLqRIDA ~
COUNTY ~ ,
!
e.~'~~$«~.`i~
~.,~+.a WILLIAM BRIGGS y_ ~ .~a
D~L4RES BRIGGS his ,,,,~fe. ta n,. v,,,eu k,,,w~,. ,nd k,,,w~, to n,,, w be tn. ~Is e.suib.a M
and wla ~oorwt~d tM ~oresai~ instnsr~e~t, ~nd sdcnawbclted b~fon rrN that tt~ey e~aated the same tor the purpos~s t1~sMn expnsNd.
. '
Wi~#~SS~wq?•hMd and official s~ai thi~_?~___day of z~:At@IIl~r _ D. 19~ _ ~
`.t . 1 -I/Y__~J"~n w ~
, Notsry Publk M and for tht State of flaid~ at Larp. ~ `
:~Nota~r-,-Sea~'v M,, ~
.
_ - :
, ~ ~;y . ' - " ~TA~ MBt1C. iTATE Of FLORIDA ~T L~~ ' ~
•
~i . ~ lIl1Y COIMNUSc~pN FYPIRES E'AR ~ 1971
. ty Ty~puoM ?weo w. nis~tANOAat p~y
ORQEo~ ~
w . ` . ~ L : ~ z,y o I.ED AN~ RENTY. '1 .
w Z~ z g• Lu ORn Ear~~Eo / O ~
A ~ ~ = ' ~ ~ ~ ~ ~ F RE c1~ p '
a» ~ o "~01 pq ~
W' ~ . ,,,a < ~ '61 SEP ~ 3 pM Z ' ~ ~ : ;
_ Z ~ n
~ ~ c~C o ~ • a ~ ~L ~tiiTaAS ~ m ~
~ ^ W ~ ~ CI CUI? COtiRT ' ~
~ s~ c,Q ~ ~ ~a~~
~ t~ ~ A ~ ~
E~ - ~
; ~
~ . - ~ ~
~ ~ . ~ ~ -
~ a~c ~8 ~ ~~i~ ~ '
~
- w~ _ _ -