HomeMy WebLinkAbout2635 9. To plac~ and continuously ks~p on tM buildinys now w Mreaft~r ~twt~ o~ said Iand and on all equipm~nt u+d personslly covered by thi~ mwt~
p~, wi~h al) premiums therwn p~~d i~ full, (ire Insurance i~ tht usual standard policy fwm, in • sum approved by tM MORiGAGEE, and winditam
insur~nc~ in ~M uswl itandud poliq fam, in • sum ~pproved by the MORTGAGEE, in tuch company w compan~es as th~ MORTGAGEE m+y
diracts ~nd all fir~ and wind~to~m insura~c~ polK~es on +nY of uid bu~ld~nps, aoy inlerest therein w part tl+~reof, in 1F?e ~qrey+t~ ium ~foresaid or
In ~xceu thereof, shall contain tM ~nwl uandsrd mortgayee claua a iuch other clau~s ~i the 1Nortya9s~ may requin. makin~ ~he loss unde~ iaid poli~
ciei, tach and eve~y, p+yabfe ro said MORTGAGEE as in imereit may ~ppear, snd each and eve~y iuch potiq ihall b~ promptly au 9ned and delivered to
~ny MW by said MORTGAGEE as furthx tccuriy to uid mortpage deb6 and, no1 leu Ihan ten (10) days ln +dvance of Ihe txpiration of each policy, to d~-
liver 1o said MORTGAGEE a rer+ewal theraof, to~ethsr wi~h a rece~pt fw the premium of such renewal; and ~here stwll be no fire or winds+orm insur~nc~
pl~cad on any of said bu~ldirgs. ~ny int~rett therein or psrt tl?ereof, ~nleu in ~he torm and with the tou payable as a(wesaid; and in the event any tun+ ~
of mon~y becomes payaDl~ ~nde~ wch poliq w policies said MORTGAGEE ~hall have tM option to reteive and ~pply Ihe ssme on accounl of the indebted- i
neu securad haeby o~ ro permit ssed MORTCaAGORS to receive ar+d ws it w any part lhereof (or othet purposes, ~~ithout thareo~ waivi~y w ~mpair-
ing any pvity, lien w right uoda w by virtue of this moztysge; and in the event ~a~d MORTGAGORS shall fw se+y rcaso~ fail to keep the said premius so '
insured, or fail fo delive? promptly ~ny of iaid policies of i~su~ance to iaid MORTGAGEE, a fail promptly to pay tully any p~emium therefw w in a~y
~espect fail 1o perform, dixharge, execute, efiect, complete, comply with ~nd abide by this covensnt, w any part hereof, ssid MORTGAGEE may place +nd
pay fw such inwranc~ or ~ny pan thereof without waiviny w affactinp a~+y option. lien, eqvity, w r~ght under or by virtue of thii Mort9ag~, ~nd the
full ~mount of each and ~very such paymeM ihall be immed~ately d~e and paY+ble and shall bear interest from the date thereof until paid at ths rate ol
nfne per ce~tum per annum and togNher with such interest shali be secured by the lien of this mortflage.
1. To pKmit, c~anmit w suffer no waste, impairment w deterioratio~ of said property w any part thereof.
S. To p+y all ~nd singulu the cwts, cMrges snd expenses, includ~ng a reasonabk attorney i fee and costs of sbstrscts of title, incur.ed w pa~d ~t
any time by said MORTGAGEE, becavu or i~ the event of the fail~re on the part of the ssid MORTGAGOR to duly, promp~ty ~nd ful~y perfam, d~xhargR
eaecuts, effM, tomplete, comply w~th and ab~de by each and every the stipulat~ons, syreements, conditions, and covenann of sa~d promiswry note and fhif
mwtya~e any w eithe~. and said costs, chargp and e~penses, cach ancl every, sMll be immedi~tety due and payable: whe~her w not there be notice do-
mand, attempt to collect u wit pe~d~ng; ar+d tM full amoum of cach ~nd wery such payment shall bea? interost from the date thereof until p~6d at the
rare of ni~e per centwn per annum; and all said costs, charges snd e:pe~ses incurred w paid, togelher wilh suth i~terest, shal) be secured by ths lien of thi~
mortyaye.
6, iT?~t (a) irt fhe ~venf of any Meach of fhis Mortgage w default on the psrt of the MORTGAGOR, o~ (b) in the event ~ny of ssid sums of money
herein refened to be not promptly and fully paid wifhin th~rty (30) daya ~ext after the same xveratty become due and payable, wi~hout demand w notice, ;
or (c) in tM event each ~nd every ~he stipulations, agreements, cond~tions and covenants ol sa;d promissory note and th~s mo~tgage any or either ~re not ;
~uty, promptly and fulty perfwmed, d~xharged, executed, effected, completed, complied wi~h and abided by, then in either w a~y such weM tht sajd ag ~
gregate wm mentioned in said promiuory nott then remaining unpaid, with interest accrued, and all rtaneys secured hereb~, shall bctome due and p~y-
able forthwith, a thereafter, at the option of said MORTGAGEE, as fully and comptetely as if all of ?he wid wms of money were aiginally stipulatcd
to be p~id on suth day, anything in said promissory note o~ in this Mortgage to the contrar~ notwithstsnding; and thereupon or tFxreafter at the option of
said MORTGAGEE, without notice w demand, suit at law or in equity, tlxrefae or thereafte~ begun, may be prosecvted as if all moneys secured hereby
had matursd prwr to iq institution.
7. That in the event th~t at tl+e begin~ing of or at any time pending any suit upws this Mo.tgage, or to foreclose it, w to reiorm it, or to enfwce
naymtnt of any tlaims hereu~de~, said MORTGAGEE shall apply to the Court having jurisdiction thereof iw the appantment of ~ Reteiver, such Court shall
f~rthwith sppoint a receive~ of said mortgsged prooerty all and singufar, includ~ng all and singular the income, profiri, issues and revenues from whatever
sou~ce derived, each and evcry of whKh, it being expressty u~?de~:rood, is hereby rtwr?gaged as if spec~ficalty ut fwth and dewibed in the pr~nting and
habendum clavxs hereof, and such Reteiver shall have all the broad and effective funct~ons and powers in anywise entrusted by s Court to a Reteiver, and
•~ch appointment shall be made by such Court as an ad~nitted equity and a maner of absolute right to uid MORTGAGEE, and without refererxe to the
edequacy a inadequacy of the value of the p~operty mwtgaged or to the sotvency or insolvency ot sa~d MORTGAGOR w the defendants, and thet such
rents, profits, intane, issues and revenues shall be appiied by svch Receiver accwding to the lien or equity oi said MORTGAGEE end the p?adite of such j
Courf. ~
i
8. To dvly, promptly and fully perform, d~scharge, execute, effect, mmplete, comply with and sbide by each and every the stipufatio~s, ~greements,
conditana and covenants in wid promissory note a~d this mwtgage set forth.
9. lhat in the event the ownenhip oi the mortgayed premises, or any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the
<NORTGAGEE, in ivccessws and assigm, may, withovt notice to the MORTGAOR, deal wi~h such iuccessor or wccessor in interes~ with re(crerxe to this
mo~t9age and the deb~ hereby secured in the ssme manner as w~th Mortgaga w~~hout in any way vit~ating a d~scharg~ry tF~e Mortyagors' liability !?err
under w upon the debt hereby secured. No sale of the Fremises hereby mo~tgaged and no fo~bearance on the part of the 1NORTGAGEE d its s+xcessws
or assigns a~d no extension ot the time for the paymenl of the debt hereby setured given by ~he MORTGAGE~ or its successors or auigns, shall operare
ro release, d~xharge, mod~fy change or affect the org~nal liability of the MORTGAGOR herein, eithe~ in whote w in part.
10. It is spec~ficatly agreed that time is of the cssence of this contract and that no waiver of any ob~~gat~on hereunder or of the obti9~tion st
cured hereby shali at any time thereafter be held to be a waiver of the terms hereof or of the insrrument secured herby.
I1. In add:tio~ ro the forego'ng month!y payments of pr:nc pal aod intereat rcqu~red by the p~om ssory no~e sec~~ed Fxreby, mwtgagor tovenants
and agrees to pay to rtwrtgagee v~ith each momhiy pay~~~ent an add~donal sum est~mated by mortgagee to be eq~al to 1, 12 of ti~ annual cost of the follow-
~ng:
A-All real properiy taaes levied o+ assessed agai~st the above deu~ihed real estate.
B-Prem~ums on fire and windstorm i~surar,ce as here~n req~:red to be carried on the ~m;,ioveme~ts s:tuate on the above desc~ibed premises.
C-Prem~ums on such mwtgage guararoy ir.w~a.~ce as mortgagee shatl fro:r. r me ro t~me deem fit to carry on the loan secured hereby.
Mwtgagee sha~! from time to nrt+e ~ot~fy monyagor ~n wntmg of the amowt due and payable hereundtr and wth s~~n shall thereupon be due and
~ayable on the dur date of the nr,ct momhiy payment and each succeisive month thereafrer ur.~il mo~tgagee shall not~fy morrgagw of a change in such
' a•-.o~nt. Sucfi sums sFafi be appi~ed by mwtgagee toward the paymem of reat property taaes, insurance prem.ums, and mwtgaye guarenty insurance t
,
p~emiumf.
; IN WITNESS V+IHEREOF, the sa~d MORTGAGOR has hcreunto set his F?and and seal the day and
y~~t aesaid. ~
~ ' Sealed and delivered in tFK presence of: ` ;
`*7 ~ _ ~ _ ~witn~sses as to si9natuze ,q ;
i
; of Luther Sandlin ~ ~~q
~ _,witness~s as to sig- '
~ natur~s of all othQrs y • n ,s„n
€ STATE OF FLORIDA 1
~ $T • [.UC I6 i SS. _
~ couNTV oF '
~ b,f,,. ~~«,.ur +~.+..a Ollie Ev~s~. a sinQle adult and Marv Sandl~~~_ ~ri.i~ o!
i Luth~r S nAlin _W..,wfe, to n,. r..tt krwM,e+ .~a trwr~ a n~s a b. ~
rho ind~ridwb descr~b~d in ~nd who ~aecuted rhs fa ny insuume~r, ~nd ~cknow~edyed b~fore m~ tMt tf~~y tnecuted •ffM fbv~`io? tM pwpwes '
rhe.e~n ~xpnss~d. Md tM sud ~rY B. ~andlin - -
: ~
~ Luth~s Sandlin . ~
«f1. of th. ..id . won . t.p..~a .od pivN.
~ e.sm;n~r~ by me taken separate and apirt f~om her s~~d husband. ~dcnowl~d~ed w a..d b~~a~ me thn s1» sajatetl s~N _GrtnwMqt- tr«tiy ~pd VOIw?-
!er~ly and w~rAovt aryr compv{sion, constr~int, apprehe~s.on, te~r o( or from,Mr said l+usband. ' ;
~ WITNESS my Mr+d and off;c~~l s~al th~s_. day of ` `~uly . p.19 69
~ 6J ~ry Pvbl:c/in s~d Iw tM''lq~~ iJWd~ H trpe
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WtTMESS ~nr Mnd Md oflK~~l seal th.t-----~L.t~-- - d~y o1 ~/Il~D. 1~_
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