HomeMy WebLinkAbout2661 d
,
~
lt is [urtl~er agrced between tue parties Lereto that ttvs deed shall also secure the ~
pa~~nent uf any ~ther indebtednrss which Grautor mav o~~•e Grautee, eid~er prior or sulr ~
s uently to the execution of this iustrumeut, and ~~~het}~er as principal, Ruarantor or surcip, '
3u anp furtl~er liability of Grantor to Grantee ~~•hether direct or eontinRent. ~
i
Grautor oo~•c~ia:?ts ~ud agrees for so lon~ as sAid indebtedness, or any part thereof, shall remain unpa.id, ;
tu keep said premises in as good oondition as they aow are; to pay all taxes and assessments that may be liens upon ~
said prcmises, as the~• beoome due, aud to keep the impro~~ements on said premises insured in an insuranoe oompany
tu be desigaated b~• Crautee against loss or damage by firc, in tlie sum of nt least and against loss or ~
daina~e b~• tornadu, u~ an Amount sufficieat to protect Grantee ag~inst loss, and the~o
licies are to be made payable ;
to Gr:intr~ us his iuter~~st~ n~u~• a~'pear, and shaU deli~•er said policies oE insurance to Crantee. Should Grantor fuil to '
keep said 1~rop~rt~• so i?uured~and to deliver said policic•s to Grantee, thea Grantee may so insure said property at the ;
rxpeiue oE Cr.?ntur, Grantor further a~rees that any tux, ussessment, or premium of insurance not paid when duc, by
C;rantor, ma~• l,e paid bv Crantee, and all such sums so paid by Gruntee, shall be added to tlie a~nount of said principal
~lebt As l~rt tl~creof ana shall beaz interest from date of suchpa
yment at the rate of eight per cent per annum, and
shall, ~vith interest, l~ secured by this deed, but that neither We ins~iring of said improvements, nor the pa~znent of ~
an~• sucl~ sums, b~• Grautee, shall l~ coiutrued to wai~e aay bread~ of co~•enant by Grantor to keep the irnprovements
uii said premises insured und to pa~ said sums.
lu csse Grantee shall be made a parh• to any suit or be foroed to beoome a~arty to any suit or procee.~din at
e
la~~• or in equitp ui order to E~rotect the security given for this oligation, Gr~ntce shall Ue allowed and paid reasona le -
custs, cl~ar~cs tind :~ttorne~• s fees isi such suit or proccedings, and the same shall be secured b~~ this deed and enfora
ed as tlie priucipal obli~atiou.
lf this sec:urih• dc~d is subject aad subordiuate to a prior securih deed or morigage conceying said premises, ~
tlien it is eapresslp agreed that should any default be made in the pa~~ment of any part of the principal or interest
of the debt secured by said prior securitv deed or mortgage, or should any proceedings be commeneed to foreclose
sai% prior securih• dec~ci ur mort~age, or to obtain a f udgment on the debt secared thereby, then the amount of the
debt sc•cun~ci lierc:b~• s}~all become due and payable at any time thereafter, at die option of the holder of this security
aeed, tunr Uein~ of tLe essence liereof.
Tl~e Grautvr l~rrein autl?urizes and empowers tLe Griutee. ~t liis option, and in the c~~ent of a default in the ~
p:~pi~~ent of tl~e indebtc,Kle~ess secured bv this deed, to entrr and take ~ossession of the premises l~ereby con~eyed and ~
ee
tu let tLe suiiie aiid tu recei.~e the rents t~ereof, a~~ph•iu~, such rents tu t ie l~~~nent of the indebtedness herein secured;
~~ud in the r~~rnt of sucii default, sn~• and all rents ~vhich mi~• uccrue from said premises are l~ereb~• expressly ussigned
unto tl?e Grauter a, securit.• for the indebtedness }ierein secured. i
lt i~ furtli~r a_,rr~•d ac~d understood bet~~•een the pairtics l~ercto that tiiue is of the essenee of this contract and ~
uf said uute or iiu;es. and if default sliall be made in die pa~-ment af said dcbt, or an~~ installment thereof, at maturit~~,
ur in tl~e due Z~a~-iu~ut oE iuterest upon said principal del~t as and ~~hen tlie same shall become due, or in an~~ of
tiie cu~•euauts herriu expressed to be performed by Grantor, or if an~• of die premises l~ereby conveped be destroyed 2
, h~• f ire or otLer ruualty, or if Grantor becomes banl.-rupt, or a recei~•er is a}~poiuted for Grantor, or if Grantor shall, ~
t~~• liiuuelf or ot!~rrs, du or si~ffer to be done am• ad or acts on or to said described property, or any
E~,irt thereoE. ~~•liich ~~-i11 substantialh• icnpair or lessen its ralue as securitr for said debt, thea the entire amount due F
Grautce w?der said note or uotes tiereby secured shall immediatel~ become due and collectable, at the option of ~
C,rautre, a•itl~out notica, and Grantee ma~~, and b~ these presents is authorized, at his option, to seize, said property and ~
I s~~l l ilie same at public outcr~• before tl~e Court House door in S T. L U C 1 E C O U N T Y, F L O R I ~ A '
i ~~tRQ,~:r to tlie t~igl~est bidder for casli at the time required b~r law, to pa}~ said iudebtedness ~~ztli interest
f therc~n and :t~r r~F~, nse~ oE the praoeedings, after advertising die same as required by law, with the ri ht of
Gra~d~•e to ~~urcLase said property at such sale. rlnd Grantee ma~• mal:e the purchaser of said property stnd
~uffici~•c~t tit e. in fee simple, to the ~ame, thereby divestin~ all of the right aod equity that Grantor may have in and
to said i:~oikrt~- and vesting tlie ~ame in t~e purchaser, or purchasers aforesaid. If a sale of said property under the
power hercin contained is stopped for any reason, same shall not rnnstitute a no~•ation nor be a bar to the exercise of ~
such ~w~ver thereafter. If foreclosed under the power of sale herein, Grantor, agrees to pay as Attomeys Fees the
sum of SJ 20 . 00 .
Tl~e propert.• u~ar be sold by Grantee in parcels or as a whoie.
~~'Lere~•er tl~e «~ord "Crantee" appears in this deed, it shall Ue construed to incl~de and embrace the original ~
~;rautee l~ereiu. I~is leaal representsti~•es, and the owner of this deed by assiqnment, purchase, inheritance, or other-
«•ise.
The remedics hereinbeEure pru~-ided are cumulati~•e of the remedies pro~~ded by la~v and being rnupled tvitb
au interest, shall be irre~•ocable by death. +
In ~Yitness ~Yhereof, Granior has hereunto set lris hand and affized his seal, the day and ~~ear first above ~
w-ritten.
~ G U Y S H (Seal.)
Si~ned, sealed aod"deli~•ered in pr ce of: o s E A N N O H N S O N
• ~ ,
ua ,
B~iK169 Fac~264'2