HomeMy WebLinkAbout1192 9. To plaa and ca+tinuouiH kNp on tht buildinps ~w~w a MrNftN ~itwt~ on ssid land and oe +11 puipm~nt u~d pason~lly covend by this mo~q~
p~, with ~I) p~miw~A ther~on p~id in ful4 firs i~u~anc~ in the vsual su~dard policy form, ~n ~ tunl +pprowd by 1M MORTC'sAGEE, ~nd wind~torm
trau~u~c~ k~ ~M viwl ~qr?dud poiity tam, in ~ sum spprov~d by ~M M4RTGAGEE; M~ svch canp+ny a c«npania a ~M MORTGA(~EE m~y
dinctt and ~II fk~ aed wied?arm insvr~no~ Po?iciss oo any of s+id build~ops. any IntK~s~ tMr~in a put thKwf, fn tM ~ppreya~~ wn? ~fa~id a
in ~se~sa thKwf. shall oont~in ~FN uswl ztandud matp~ cla~ss a iuch otF?K el~us~ a~ tM Mutp~pe~ maY nquu~. makinp tM Iws u~ aid poiF
cia. ~ad~ ud ~wry. p+Yabl~ w~+id MORTGAGEE a ib intKat m~y app~a?. and each and ~vtry svch po~ity ~A+11 b~ p~anptly us:ynsd and d~NvKad M
any Mld by ~aW MORTGAGEE a fuNha setvrity to laid mon9~ debt, and, nof I~ss tFwn tM (~O) fllyi (N 1dVMK~ Ot iM fXPi~~iWll OI NCI~ PO~1ty. to dr
IivM ro wid MORTGAGEE • rMewal ther~of, topetl+K with • reuipt fw tM pnmium of ~vch r~walj ~nd then shsll b~ no fv~ a winditam Intw~nn
pl~pd on any oi ~aW Mrildirgs, any ieta~st tMr~in a put tl+H~of, vnl~ss in tM form'and with tM lou p+yable as afor~iaids U+ tM ~ver~t ~ey ium
of enoeNy becan~s pay+ble u!?d~r such Po1icY a? Poticies ~+id MORTGAGEE sMll haw th~ option to rec~iw and apply tM s~m~ on ~cow+~t o1 th~ ind~0~ed~
ntss s~cvr~d Mnby w b ptrmit said MORTGAGORS to reteiv~ u~d us~ H p ~ny part thereof fw other purposes, wilhout tfixeb~ waiving w impair•
inq any pvity. IiM or ripht u~d~? or by vlrtw of thb mortpap~s uid in th~ event said MORTGAGORS shall fa ~ny rosson fail to keep the s+id pr~miies w
inturod, a fail w dtlive? promptly any of ssid polici~s of Inurn~u ro ssid MORTGAGEE, or fail promptly to pay fully any pramium therefw o~ in ~~y
nspM fail b p~rfoan, dhtlwr~, exetuts, ~fhtt, tamplet~, comply with ~nd ~bid~ by this mvenant, a any put he~eof, said MORTGAGEE may plsu snd
p~Y fw wd~ Inwr~ w~Mr part t!»rwf withoet waNirg or ~ff~ctirg any optan, li~n, puity. a ripht ~ndK or by virtw of this Mat~ap~. and tM
.uii ~n~ ~f txh and avsry suth payrrcsaat slsat! be i:nm~li~roly dw aed piyabh uid aMll bear intKest f~an tM dat~ thtrwf until paid a~ tM ~at~ ol
nin~ pK centum pK ~nrwm and toy~tha with sucA interat shall bs s~cured by tM ~i~n of this mat9+ye.
1. To pNmit. oommit or wff~? ~o wast~. 1mWirment or dctaiwatio~ of said property a+nY WN thereof.
S. To p+y all ~nd sinpulu ttw <osb, charpas u+d expanses, including • rtawn~ble anoreay'~ fee and coits of ~bsnacts of title, incurred a paid _
any tim~ by iaid INORTGAGEE, Eecsus~ or in the ~wnt of the f~ilure on the psn of the taid MORTGAGOR ro duty, promptly snd fully perform, diichargg
execvq. ~ffatt. oorr.pl~q. aompN with and ~b~de by ~ach and evtry tM stipulations, spresmen», tonditions, and covenanb of pid promissory ~ot~ and this
mortpap~ ~~ryr a eit1+N. and said costs, tl~p~s and ~aP~rnes, each +nd everY. sl?~II b~ immediatey dw ~nd payable: whether or not tha~ b~ notice ds
mu~d, ~»empt ro colket or wit p~odinq: and tM fvll a~r~ovnt of e~ch and wery such paYmem sh+ll bea. interest from ~he dats thereof until p~id at the
rote of nine per oeetum per am~um; ~nd all said tosts, cMrges and exp~nses incvrted w paid, topethN with s~xh interpt, shall be ~stured by tM lieo of ttw
^artyay~•
e. 1'h~t in the event of any breach of this Mortgsqe or def+ult on the part of tM MORTGAGOR, or (b) in the ev~nt ~ny of aid tums of nwney
herei~ ~~fernd to be not pranpny and fvlly p~id within thirty l30) days nex: afte+ ~he Ea~ns s~v~rally b~cane due ~nd payabk. without dem+nd a notice,
or (c~ in tM ~vent ~ach and ~very the stip~rl~tions +g~eernenn. caidi~ions and coveMnn of ss~d p~omiuwy note and th3s mon~ye aey a ei~her ~n nol
iuly, promptly and i~lly performed, dixharyed. executed, effected. completed, complied with and abided by, then i~ eitMr or any such ~vem the said ag
preg,~t~ wm mentionad in ssid promisso~ry eot~ thee remaining ~npaid. with intersst ~cuued, and all moneys secured hereby. sMll beco~n~ dw ~nd p+y~
abte forthwitFy o~ lheresfiar, at the option of said MORTGAGEE, as fvlly and completely as N all of the said wms of mooey were pipinally stipulsted
to be paid on urcA day, anythinp in said promissory nots or in this Mortgage to the contrary notwithstsnding; and thereupon w thereafter a~ the option of
said MORTGAGEE, without not~ce w demand, wi1 ~t law w in puity, there(ore or there~fre~ begun, may be prosecuted u if ~II moneyt s~cvred hereby
had mawred prior to in institurion.
7. That in tM event that ~t the beginning of or at any time pending aoy suit upon this 1tAwtgage, a ro fweclos~ it, or to refwm it, or ro enforc.
payment of any claims FKreu~der, iaid MORTGAGEE shall apply to the Covrt having lurisdiction thereof fw the appantment of a Receiver, suc`A Couit sh~ll
fortFiwith sppoint ~ receiver of wid mwtgaged p?opertY all and. singular, includmg stl and sing~lar tFa income, profits, issves and rever?ues from whateve?
source derived, each and every of wFi~ch, it being e~epressly understood, is hereby mortgaged u if specifically set forth ~nd desuibed in IFie gr~ntinp and
habendum dsvsss hereof, and such Receiver shall h~ve all the brwd and effective furxt~ons and powcn in anywise entriisted by + Cou?t to a Receiver, and
fuch appointrtKnt shall be made by svch Court si an admitted equity and a matter of absolute riyht to said AIWRIf',sAGEE. ar+d without nference ro the
edeq~atp or iiudeqwty of the wlue of the prcperty mongaged o? to the w~vency w insolvency of said MORTGAGOR w,t!?e defendann, and that such
ren~s, profib, iocome, iuues and revenues shatl be applied by iuch Receiver accwd~nq to the lien w equiry of said MORTGA(~iEE i~A~lthe practice of wch
Covrt. ~ . ~ ~
8. To duly, prompUy and f~ty p~rform, dixMrge, execute, effect, complNe, comply with and abide 1?y ~each ~nd ~very the stipulatioro,' ~reemenb,
conditaro u~d covenants in said promiuory note ur! this mwtgage set fwth. ~ i . -
9. That in ths event the ownership of the mortgsged premises, or any part theroof, becomes vested in a perwn other than the MORTGAGOR, the
MORTGAGEE, its wccessors ~nd au~gro, msy, without no~ice to the MORTGAOR, deat wiih such successor w wccessw in interest with refererxe to this
morty~ge and the debt hereby sewred in the same manner as with Mwtgagor without in any way vitiatinp w discMrging the Mwtgagors' li~bility hera-
undcr a upon tF~e debt hereby sen:red. No s+le of the premises hereby mortgaged and ~?o fwbearance on the part of the MORiGAGEE or iri wcceuors
w ~ssigns +nd no extension of the time fw the paymem of the t~ebt hereby secured given by the MORTGAGEE or its successors w ~uigrn, shall operat~
io rolaast, d:;ch:ry~-, r..r3:.~ a`ur.gx cr aff~ct the wiginal liabiliry of ~he MORTGAGOR herein, either in whole a In part.
10. It b spetif'~cally agreed thai time is of the esscnce of this contract and that no waiver of sny obligstwn hereunder or of the obligation se-
cured Mreby shdl ~t ~ny time thereafter be held to be s wsiver of the terms hereof or of the instrumeM secured herby.
11. In addition to the forego:ng monthly payments of princ'pDl and interest required by the promissory ~ore secured hereby, mortgagor covenants
and agrees to pay to mortgagee wi?h each monthly paymem an add~rional svm estimsted by mwtgagee to be cqual to 1/12 of the annual cost of the follow- ~
irtg:
A-All real property taxes kvied w sssessed against the above deuribed real estate_
B-P~emiums on fire and winds~o?m insurance as Fxrein ?equ~red to be carried on the improvements situate on the sbow desait~d•p~emis~s, i
6-Premiums on such mwtgsge guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loan securii!•~eb;! G~ ,
Mortgsgee shall from time ro time notify mongagor in writing of the amount due and paysble herevnder and such swn ~ 1{~herNpbti bt,~ue ~:~d
' paysbls on~the dve date of the next monthly psyment and each wocessive month lhereafter until mortgagee shall notify ~ of S cba ~Sn weN',
~ amount. Such s~ms shall be appl'ied by mwtgagee toward the payme~t of ~eal propeAy ta:es, insurance em:ums, and~ aiof4age~'gV~t~lp~Jr
E P~emi - = t ' ~ v -
~ IN WRNE55 WHEREOF said 1NORTGAGOR Q F~reunto set 's hand and seal the day .~fnd yea first af ' ' '
f o~. r A a
el esence of~ J e- y F- ~ ~ p
~ . . . . _ ~t ~ t '
; ~ a a . s:. rs~.
~ ' ~ ; At s ~ - - ' ~ q
.
n sa, " ~-'r' ~ o~ an A. et s, acr ~ !
z-~ -o ~ 4'u-------- - - -
~ o ~~"1 N ~ !
STATE OF FLORIDA W COU OF 4f~~.--
R ~ j Jui~e A.D. 19 68
1 HE EBY CERTIFY, That on this day of , ,
before me personally appeared J~f~y and Jean A. Bttts
respectively President and Secretary , of ;
~
INDIAN RIVBR TRADING CORP• ~ s Flor3,d~? Corporation, to me i
~ known to be the rsons deuribed in and who executed ihe for oin instrument and sev ~ II acknowled ed the exe-
, Pe e9 9 • :~+,:.5.~„~.. 9
~ cutiors thereof to be their free act and deed as such officers for the uses and purso~rs ~~e ~e~~~r~ht oned; and that they
. , : . :
~ affixed thereto the official seal of said o~rporation, ancl t sai instrume~it is ad. ~~aid corpora ' n. i
~ . _ --.d ~ ~ ; - {
WITNESS my hand and official seal at P~7~leres .~bsTh t
~his ~nshument prepared Notary Pc~"c, Siate o3 ilorida at large - -
~fSt f~Qfd~ $8y, ~C ~pa~ SAy Cammission Expires 1ur~e 6, 1969; ta li ' and~ fore aid.
Of f0lt PI w~a.a h ~.~K.~ F~. a c.+a+~r ~e,~- Y m _ -e;: ';,±a ct '
. ~n~. Y
~Conrr.ission Ez res ~ , -~'~e
g y _ ~.a e~ e~«~u,~~.. d~~ b. 1969 ~
wtrr cqj .
! ~ 800~( ~ ' . , .
~ ~
~
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