HomeMy WebLinkAbout1974 3. To piau and co~+tiewa+~lY ke~P on th~ b~ild;nps n.rw a M.~aftu sitwh on s~~d land snd on al) puipnw+u and pKaawlly cova~~d bY th$ ~q~
p~, with ~il pr~miwA ~Mrwn p~d in fvil. P+n i:nwu~c~ ~n tly u~wl u~ed~rd policy (onq ~n a ium approwd by tM M~ORfGJ?GEE. ~nd wi~dtroriw
~r?~wanc~ in ~M usu+l p+ndud poi:cy fa~ G~ • swn avprowd by rty MORIGAGEE, in wch co~npsny w cwnpan~ ~ Nw N?CRTGwGEE ~nsy
du~dJ ~nd afl iL~ a~d wie~bw~w ~aw+ec~ policia on MY of s~id 6uild~e~p~, ~n~r inh.a~ tha~in or pa~? t1+Nwf. in tM ppr~yaN awr: ~Mres+N) w
In ~:c~ ~be~wf. sl»U cont+in rM vswl umdard monyap~ dws~ w wd? ahM Nawe a tM Mwr9pN in+Y nqu'u~, +wklnp th~ Iau ~ndK s~id po14
ti~s. Nch ~nd svery. arabl~ to ssid MOA~CsAGEF ~s i1s interett ~?+Y +Pp~~r. ar+d eacA and ~wry ~~ch policy shali b~ praep~h/ ~ss:9n~d and dtGw?~d a
~ny h~W by said MORiGAGEE p iwthK secu~ity to s~id morpay~ deW. +od. ~ot Iw ~Ma ten (i0I d~ys tn ~dvanc~ of ~M expir~~~oe of ~ad? policy. b dr
liv~~ ro s~id MORTGAGEE a r~w~l tMrwt, rop~rh~r with a rsca~p~ for ~M pnr~iww of wch raeewd; ~+d ~Ae~~ shatl b~ no fin a windsw.~ Mawu~c~
pl~c~d an ~nr oi isid buildi~g~, +~W inte:at ther~;n w pu~ thawf, unltss ie t!w fonn'and wi~h tM bst payabl~ ~s ator~s+id: and in t!w ~wnt ~ny sw~
of mon~y becom~s payabl~ w:da wch policy or poliws said N10RTGIIGEE sMil Mw tM opHon b reos~w a+d apptr tM sam~ on ~ccowu o~ tM ind~bt~
n~sa wcw~d hereby a a permit said MORTGAGORS to receiw and us~ i~ a~ny part thereof fa o~hcr pwposes„ w:~hout :hrcb~ waivny w impau-
irg any puiry. li«+ w ripht w~de~ a by virtw of tAis mortpp~t and n ~M •ve~~ s.d ~ORTGAGORS sl+.~+ fw aeqr ~.ason ful ro k..p rh. aw! p..nus.s w
inivred, or faq a dsGver pranptfy ~ny of said polKies of Msw.~. w s~~d etiOrtTGnc~~, w t.~i wa+w~h +o wr ~~N +~r w•~+w~++ ~n«.fw o. in any
r~sp~ef tatl b pKforn` dscMrp~, e:ecut~. ~ff~ct, canplet~, comply wirh ~nd ~bid~ ~y this covMant, or any put ?.Kw1, sa;d MpRTGAGEE n+ay p4oe and
p+r fa wch imw.no~ w any put ~Mreof without w~Ninp a~H~c?inp ~n11 option~ li~n, pwtY. o~ ~ipM w~da w by virtw of ~Fr's Mwrpape. and ~As
full ar~ounl of ~ath ~nd twry wth payrnMt shalt b~ inra~~~tt1y dve ~rd p~y~bN and shiU psa~ ints~esl fran th~ daN tMreof until piid M th~ ~aN ol
nlns pN cantwn p~r ar~~ and togethtr witA a~tA intettst sl~u b~ s~cvrtd by th~ IiM o4 this Inort~q~. ~
To pumit, oannyt w wffu ro wut~, imp~irment or d~tsrioqtion ot said propKty a any part thn~of. ,
S. To p~y ~11 snd sinyutar ths.cost~ chuyes u+d eYpsnses, includ++g a?sasoeabb ano.ney's fe~ u~d oosq of abstrstts of titla. incva~d a p+id at
any tim~ by iaid MORiGAGfE, bwus! w in the ~ven1 of tha fail~rn on th~ p~t of tM s~id MORTGAGOR b duly, pranp•1y u~d fotly perfonn, d~schugR
execvt~, ~fiecr. compkq. comply w~fA and ab~de by ~sd~ and every the ~tipulat~ona, agree~i~?n. oonditiona, and oov~en~nrs oi aaid promissary not~ and ~l+is
marrQaQ~ any o~ ei~l+i~. ~nd sa;d ewb. chw~es and expernes, ead~ ~eid ev~ry. ~tl be G+rnedi~Mly due and p~yabl~: whetha w not tM~~ b~ notice de
ma~d, ~tttmpl to colkct w wit p~nd~g; and tM full smount d exh and evs~y wch p~ymant sh~ll bea. in~est frpn ~h~ d~tt thereof wuil paid at tht
ra~e of nir~ pe~ ceotwn per anw.n: a+x! all saicl cbsts, char~ and cxpensts ina+rred p paid, ~op~ths~ w~th sucA inter~st, shall b~ ~ecv~ed by the Iwn of tAi~
rtiortpay~. .
6. TMt in tM went of sny breach of this Mwtyap~ or def~uU on ti~e put of ~he N10RTGJIGOR, p(b) in tl+~ went ~e?p oi s~~d swn.~ of mon~y '
hcrein nfe?r~d ro be not pr«npty ~nd futly paid within thirty (3p) days ne:t afier the same xvt+ally become due and pay~bl~. withovt dem~r+d a notice. i
or in the ~wnt c+ch u~d eve~y th~ s~ipulatiwn. •greemenn, cond;r~ons ~nd covena~n of s~~d p.omissory not~ and tlas matya~e airy a sitAe~ ~re oa
iuly, promptly and fully pe~fwmed, d~schs~ged, executed, sffected, completed, canpl~ed w~th snd abided ~iy, than in eithe~ w any sucb evant tAs s+~d ~
~regat~ swn m~r?t;wnd in said promissory note then remaininp ui~~1, with ime?est xuued. +nd all mo~~eys sr.wed hereby. thall becwn~ dw ae~d pay-
•ble forthwitly O? fF1lfNftNr +t the opran of said MORTGAGEE, ~s fully a~d compldely u ii all of ~he said swns oF mon~y were w~ginaNy snpvlated
ro be pa~d on such day. anything in sa7d prom~ssory note a in this Morrg~ge to ~he contrary notwithsund~ng: snd ~he~evpa+ a thereafte~ at tM op~an of
said MORTGAGEE, w~thoW notice a dem~nd, wit at lawr or in puity~ 1A!(lFOf! Ot lAlfNI1H Di~Ww, may be prosecuted u if ~I! moncys sea?r~d hereby
had matured prior lo ib institutiOn.
7. it»t in tl,e went that at tl+e beginnirg of or a1 any t~ penfing ~ay wY upon this Mwtgsge, or to fwecks~ it, or ro ~efwm h, a to eafwa i
payment of any d~ims he*eunder. said MORTGAGEE ~hsll apply to the Court h~ving junsd~ction ~h~r~of for the ~ppo~ntmenl of ~ Receiver. w~ Cou~t sh~ll
Fatl;with appoint a receiver of said mortgaged propcry d( ~nd siegula, includug ati and si~gvlar tM income, pofits, iswes and rerenues fran whateva
•«,rce derived, each ~+d every of wh;cl~, i~ bei:g expresslr ~x~ders~ood, is hercby mortg~ged u if spec~fiully set forth ~d dcsc.~bed in th~ prantirp snd
habcndum clauses hereof, ~nd s~d+ Recaiver shill Mve all the bo~d and effective /ur?ce:ons and por.en in ~nyw;se entruated br a Coun to a Receiver, and
:uch ~ppointment s!?all be made by wch Cowf as an admined equity ~nd a n»tter of sbsolute right to ssid MORTGAGEE, and wi~hout refercnce ro ths
ade~u~cy or insdeqwcy of the vslw of the piope.ty mong~ged or ro the wwency a insolvenqr of said MpRTGAGOR or the defendant~, and that wch
renrs, p.of~n, income, iuues ~nd revenves shall be apptied by such Receive. aawd~ny ro rhe lien a equity of said MORiGAGEE and ~he p?actice of such
Court.
8. To d~rFs, p.w~Pry s~d hd?y ~.Fo.m. duchuge. e:ecute. effect, complcte. oomplY with u~d abide by e~ch and every the stipulations, ap?eem~ts,
cond~Yans and coverwnn ~n said p~omissory note and ~his mortysgs set fpth.
9. TMt in the event tM owne~ship oi the morrgaQed prcm~ses. or a•ry ~+ut thereof, becomes vested In • person other th~n the MORTGAGOR, tM '
MORTGAGEE, its wcusson and auigns, m~y, withouf notice to the MORTGAOR, deal with such wcceuw p wccessor in interesl with reference ro this
mortgag~ and the debl hereby secWed in the ssme marner ~s with Mwtg~gw w~thow in ~ny way vitiatag or d~scharQirg the Mwt~agors' li~bility hera
under p upon the dcbt hereby secured No sale of ~he premises hereby mortgaged and no forbear~nce on the p~n of the MORTGAGEE d in successon
a assigns and no extension ot the time fw the payment of the aebt hercby aecwed yiven by the N10RTGAGEE a its successors or atsiyns, shall operat~
ro rekase, dischar~e, madify change ar affect the aiginal liab~lity of the MpRIGAGOR hereN4 either in wlak or in part.
10. It is ~ficaUy agreed that ume is of the Ksence of ~his co.urac~ and tl?~f ra w~iver of any oblig~ran hereunder or of fh~ obliyiYan se-
c.,red hereby shall at any time thereafter be hctd ro be a waiver of the terms hereof a of the imuwn~M secured herby.
11. In add;tion ro the forego:rg monrhlY parments of prirK p~l ~nd i~te.esr required by the prom~uory eqre secured hereby, mwtgagor tovena~rs
• and agrees to pay to mort~agee with cach momhly paymer~t an idd;rional sum cst~msted by ewrtgagee to be equ~l to 1/12 of the annwl cost of the fdlow-
ing:
A-All real property taxes kvied a assessed againsr tIK sbove de vibed resl estate.
B-Premiums on fire and w'u+dstorm inswance as herc~n reqv~red ro be urried on the improvemenn sitwte on the above desv;bcd prer•~;ses,
G-Premiwres on such mortgage gwrany inswance u mwtgagte shall from t~rne to time deem fit ro cury o~ ths los~ secured hereby, '
Mortgagee shall from time to time ratify rtwrtgag.x in writ~ng of the ~mount due snd payabk here+xder ud wch wm shall therevpon be d~re and ~
payable on the due date of the next monthly paymem and exh successive month thereafrcK w;tit mortyagee shall nutify rnortgagw of a change in wch '
arnovnt. Such svms shall be applied by mortgagee tows~d the payment of re~l property taxes, irnursnce prem:ums, and mort9age 9wranty insurance
premiwns.
IN WlTNESS tYHEREOf, the " N~ORTGAGOR Ms herevnto set his hand and seal rhe day and yeu fint afassaid.
aed~ esence of: .
n `
;
~ ;
~ ~.n 3
~
o
STATE OF fLORIDA ~ .
St. ~.liC1Q ~
COUNTY OF .
Raymond E. Wells ~ ;
~efore me psrso~ally appesred ~
B@tLV L.ouretta Wells his wife, to me well known ~nd known ro me to be
I the ind'n~dwls desvibed in and who execured the fore9oing instrwnent, and scfu,owkdged befws ms that they exea,ted the aame fo. the p~rrpose~ ~
rn~.ei~ ~,q,.~„ed. Ma rh. wd_ Be t t y Lour e t t a We 11 s
' w;fe ,t ,y,, _ Raymond E. Wells ~
upw+ a separtrs and privit~ }
e:+m~nation by me take~ separate and apa~t from hcr said . ~cknowkdgcd to and befort me tlWt sM executed said irotrwntat fretly ud volun-
isrily and witl?out c Ision, to~strsint ~ e
+AY ~P~ . PW hens+on. ~ of w from her said husbsnd. =
WITNESS my Iwx! ~ed offieial seal this o20 dsy of A. D. 19~Z +
C~~~~ o`l
' ~f~ioury Pvbl~c ;n ~nd fa the Stare of Flwida at Larpe ~
Retwn To: My Gommfssioe~ e:pir~Y-
~K. Sbt! J~ ~ ~t }
~r.+ Fed~rat s.~. a to~ ~«Nr;«~ ~ _ ~Ar CorA~issian Exp'ves No.. 3, ~q~
Of Fpf Pierce. ~'~K•. i:• a GwNip
fort P~erce. Fbrids O ~E~?~~Q~
- f~uEO ~ ~ovNtY. Fr.l?. • -
g~ LUC ~~RSftEn 1 -
• ~~n , .
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~ C~ERK ~~R U k ~ ~ V • . ~ • .
I ~ ~ BII~K~by PAG[1~~~ . ~
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