Loading...
HomeMy WebLinkAbout2934 , ; _ E i ~ . . ~ : ' 1 ~ /~•i k TO PIK~ ~f1d contt~sly ke~p on tM buildinps now a htr~aft~r ~ituat~ on said land and on all puiprwot ~nd p~na+aly mvered by this mat¢ ag~, wilh ~II prtmiums thereon pald in full, f'~n insur~nc~ in tM vswt :randard policy fwm, in a sum approvsd by IM MORTGAGEE, and winditam trawu~n in ths vswl itanda+d poi:cy (wm, in • wm +pprov~d bY ~h~ MORTGAGEE, in wch company or tompu?i~s as tM MORTGAGEE m~y d'v~ctt and ail ~r~ u~d windsro~m ieau~~ pdicies o~ u?y of s+id b~ildirgs, ~~y inttrosl thaein a p+rt ths~eof, in iM ~ppre~~te sum ~foreaid or In ~xc~ss ~he~eof, sh+ll contain tM uiwl i~andud mw~yage~ daus~ or wch otMr cisuss u tF+~ Mwt~~ m+y requin, makinp 1M loss wxle~ said po1i~ cies. each and every. paYabk ro s~id 1NORTGAGEE ~s iq interest may sppe+r. and each ud ~vay such policy sFNll b~ promptly us:yned and delivered to any held by s+id JNORiGAGEE ~s fwthe~ secvrity to said mortyaye debt, ~nd, ~ot tess tF?~n ten (10) days in advancs of tf» expiration of each policy, to de~ (ivN to taid MORiGAGEE a reoewal iM~eof, Mpether with a rat~ip? for the premium of such renewalj and thers shail be no f'ue or wi~dstwm insurant~ pl~ud on ~ny of said buildirgs, ~ny interest therein or pa~t tF?e.sof. unleu in the form and with tM loss p+yabl~ as aforesaid: +~d i~ tM eveM any wm of mon~y becanes paY+We ~nda such policy a policies s+id AAORTGAGEE shall haw ~M option ro receive and spply the same on account of ths indebted~ neu secured haeby or w pe~mit said MORTGAGORS to receiw and uss it w a~y part thtreof fa other purposes, without tharFb~ waivi~~g a anpair- irq any puity, litn or ~ght u~der a bp virtw of this mortpa9e; and in 1M event s~id MORTGAGORS shaU fa sny resson f~lt to keep the isid pranius so iniwed, w fail to d~liver promptly u+y of aid policies of inwrance to said MORTGAGEE, w fail promptly to pay fully any premium tl+erefw p in ~ny resped fail W perfwm, disch~rge, ~xetvta, ~tfett, complete, tomply with ~nd abide by this covenaM, or sny part hereof. said MORTGAGEE may place +nd pay fa such inwranc~ w any p+rt 1Mreof witFa~t w~ivin~ w aff~ctinp a~y option, Ikn, eq~ity, o? right unde~ w by virtu~ of this Mortgs~e, ~nd 1M full art~ount of eech ~nd ~very sucA p~ymMt sMll b~ immediately dw and payable and shall bear i~terest irom ths date thereof until paid at tM rate ot nine pet tentum par ~ruwim and eogether with wth interest shall be setured by the lien of this mwtgage. 1. To pamit, commit or wffar'Ta wast~, imp~irmc~t w dete?ioration of said properry or any pa?t thereof. 5. To pay all ~ed sirgut~r tF+s costs, ch~~yes and expenses, G+cluding a reasonable snw~ey i fee and cosb of abstracts of title, incurred or paid ~t any time by uid MORTGAGEE, becsuse or in the event of the failure on the part of the said MORTGAGOR w duly, promptly snd fully pcrform, d~scharyR rzecuts, effect, compkte, comply w~th and abide by each u~d every the stipulat~ons, sgreements, conditioos, and cove~ann of said promissory note and thii mortgage any o~ either. and said costs, charges and ~xpe~xs, cach and evcry, thatl be immediately due and payabte; whether p not there be notics d~ mand, attempt to collett or suit pend~ng; snd the fvll amovnt of sach and every wch payment shall bear interest from Ihe dste thereof until psid ~t the rate of nine per tentum per annum; and all said costs, tharges and expensas inturrad or paid, together with such interesL shall be setwed by the lien of thit mort~sye. 6. That (a) in the eve~t of any bresch of this AAortyaye w default on the pa+t of the MORTGAGOR, or (b) in the eve+~t eny of ssid sums of ma~ey herein raferred to be not promptly snd fully paid within thirty (30) days next afrer the same severally become due and payable, withovt demsnd or notice, or (c~ in the event each and every tt+e stip~lations, ag~eemems. corxlltions snd covenants of sa~d promissory rate and th~s rr.ortyage any w either are no1 iuly, promptly and fu11y perfwrned, dixharged, eaecvted, effeded, completed, complied with and abided by, then in eitlxr or any s~ch eveM the said grcgate sum mentaned i~ said promissory note tl+ers remain~ng unpaid, with imerest accrued, and all ma~eys setured hereby, shall beeome dw snd psy~ abie fwthwith, Of 1F1l~Nf1N~ at the option of said MORTGAGEE, ss fully and comple~ely as if all of the sa~d sums of money were originally stipul~ted to be paid on such day, anything in ssid promiuory note or in lhis Mwtgage to the contrary notwithstanding; and thereupon o~ thereafter at the opiwn of said MORTGAGEE, without nouce or demand, wit ~t law or in equ+ty, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby had matufld prwt fo its inslitution. 7. That in the event that at the beginni.ig of or at any time pendi~g any wit upon this Mortgage, or to fa~lose it, or to refo?m it, or to enfores paymenf of any claims herev,nder, said MORTGACsEE shall apply to the Court having jurisdiction lhereof fa the appointmeM of ~ Receive~, s~ch Court shsll Forthwith appoinf a receiver of taid-++~atgaged property all and singular, includ~ng all and singular the income, p?ofits, iuves and revenues Trom whatever wurce derived, each and every of which, it being expressly unders~ood, is hereby matgaged as if specifically set fwth ar+d described in the grantiny and habendum dauses hereof, and such Receiver sha~l have all the txoad and effective funct~ons and powers in mywise emrusted by a Court to a Receiver, and :uch appointment shall be made by such Cou?t as an admined eqvity and a matter of absdute right to said MORTGAGEE, and without refe~ence to the adequacy or inadequacy of the value of the property mortgaged w to the sotventy or insolvency of said MORTGAGOR or the defendann, and that such renrs, profits, income, iuues and revenves ahall be applied by such Receiver according to fhe lien or equity of said MORiGAGEE and the pradice of such Courf. ~ 8. To duly, promptly and fully perfwm, ~scharge, execute, effect, complete, comply with snd abide by each and every the stipulations, agreemenb, conditions and covenants in sald promissary ~ote and this mortgage set forth. 9. That in the evant the awncrship of the mortgsged premises, or any part thereof, becomes vested in a person other than the MORTCaAGOR. the MORTGAGEE, its succeuws and auigru, may, without notite to the MORTGAOR, deal with such sutceuor w successor in inttrest with referenct to fhis mortgage and the debt hereby secured in the same manne? as with Mortgagor without in any way vitiating a diuharging the Mwtgagon' liabiliry here- under or upon the debt hereby secured_ No sale of the premises hereby mortgaged and oo fwbearance on the part of the MORTGAGEE w ib successon or assigns and no extension of the fime for the payment of the debt hereby secured given by the MORTGAGEf or its successors w auigns, st?all operde to release, discharge, modify chanpe or affM fhe original liability of the MORTGAGOR herein, eitl+e? in whole or in part. 10. It is specifically agreed that time is of the essence of this contratl and that no waiver of a~y obligation hereunder ot of the obligation se- cured hereby shall at any time thereafter be held to be a waivu of the.terms 1~ereof a of the instrumeM setwed herby. • 11. In add~tion to the fwego:ng monthly payments of princ:pal and interest required by the promissory note secured hereby, mortgagor covenanri a~d agrees to pay ?o mortgagee with each momhly payment an addi~ional sum estimated by mortga~ee to be equal to 1/12 of the annual cost of the follow- ing: ' - - ' A-All real property taxes Iev~ed or assessed against tir_~ above destribed real estate. ' B-Premiums on fire and windstorm inwrance as Ixrein requ~rtd to be carried oh fhe improvements situste on the above desuibed p~emises. C-Premiums on such mortgage guaranty insurarce as mortgagee shsll from time to time deem fit to carry on fhe loan secured hereby. /Nortgagee shall from time to time notify mwtgagor in writing of the amount due and payable hereunder and such sum shall thereupon be doe snd ~ payable on the due date of the ~ext monthiy payment and each successive month thereaiter until mortgsgee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real properry taxes, insvrance prem:ums, and mortgage guaranty insurance ~ pre ' . i IN WITNE55 WHERc'OF, the said MORTGAGOR has hereunto xt his hand and seal the yesr f' wesa' ~ , Sealed and iv ' the presence of: . _ / ~ f ~a~ ~ ~n ~ ATE OF FLORI~A . ~ sr , wcrE ~ ~ - cou~m oF Befwe me persawlly appeared ~lter Jaaes Pieree, Sr. , a single adult ~is~if~, to me well known and known to me to b~ ~ the indivi~»Is described +n ~nd who executed tF+e foregoiny instrument, and ackraw{edged before me that they executed the same for the purposes there~ eupressed. J1wd.11M~~ids . . ~Ife ~ 7FR 1aR!' " VPQ4 ~ sROii~tt i[1d -0f1Y~~1 e~+ntAwNat b~ ~~M1~~r~b ~R ~+en? i~e?~i~ 1~bw~dJ ~*~dg~+*rw~ i~fw~ wie ~FwMSI~ ~wewa? ' s~i? ~ •~Kiiy•aw~ '~1iwrMl~~~~~Mrww~~.+p/wMe~q iM~~f.af»iwJw~aid.Mwb+wr. x WITN~y,n~} Iy~odar~~.IFi'~iL swl thi day of OCLObeY A. D. 19 68 ~ ~ f~i. - ~ = ~ f~~',~' FILEO ~NG RECOR ary Public in and fw tM State of florida at lu~ ~ = ,-1`~tit:a'`~ • .t'- - ST. I.UCIE COUP~ITY. FL~y ~omm~u~on ~~ues~:~M ~ - : ~ehir~, t0; : t ~ ' = E_ - ^ n ~ t ~ : ~ r-, ~~r • . • . ~ ~ ~ SI+M ~1 iiMi ~t ta~e ; Fint Fede~s~..~ r~ ~i ~rt •~tio~ ,,,i ! ~IGV~ J ~ ~ ~A~ ~ ~ . • Forf : ( ~ fo~t•Pie~ta't•H01~da~` ~Up ^r,T ~ ~ ( • ~O V l~ ! This Instrument Prepa~ed By ~~O~:~P i-Ot ~ R.+S ~ First Federal Savi b loan Associatio~ CIERK CIRCUIT COURT ~ of f Pierce . Checked By ~'1~ PACE~rv~~ . : ~ { ~ - '^y r - . - _ . .__:n. ' -tx- _ - . . . . .