HomeMy WebLinkAbout1236 To p1+ce and cont:nuo.,sly ?eep on fhe bu~'d~ngs oow a hereai~~r ~~~uat~ on sa~d ~u~d a^d on all equipmrM and perso~a~:y cove~ed by th~s mat~
~g~ wi~h al~ p~rmw~~:s ~h~~eon p~ d~n f~d, f~ro msueanct ~n ~he VSJdI srandard po:~cy fwm. ~n a au~~ appro~rd by :hr A10R:GAGFE, u~d windstam
~~wranc~ in :na uswl st.+~:d.+r~! ~..cy fwm, in • wm a~p~o.ed by ~he h10RTGA6~E, such company or campan:es as ~he MORIGAGEE rn~y
d~rsct; ~nd all (:.e a.,d w.r,ds~e~m ~nsu~ance po~K;as~ on any of sa~d bu~id•ngs. a~~y inte~rs• ~tinrr~n ur pa~t thr~ruf, in the a9~~rga?e sum afo~esaid w
in eacess ~hereof, s}~an :~l.+~:n ~he ~:cal s~a.~da~d ~nor~g~gee claus~ or such o~he~ dwsa as ~he A~ertgayee may ~eau.re, ma?i~.g ~he :oss undr~ se.d po1F
Ne~, e~ch and e~rry, vav=~'r eo sa~ AtJ1tIGAC,EE as ~rs ~~~rras~ may a~+ea~, and each and e~ery such po!:tr shall tx pr.~~r.p~ty ass~}~~ed a~t1 del~vrred ~o
~ny Aeld by sa~d L10*^1~~aGEE as fv~Fwr secwlt~ to sa~a o,orrgege drb~, ar.d, K+t 'ess ~han ten (10) da~s in a3.e~sce of th~ tayuat~pi of each policy, to d~-
Irver 'o sa~d 6~ORT.GAGfE a re~k...:~ therc~of, toge~har with a rece~pt for thr p~emwm o} svch rener.a~; and ~hrre ahaH be ~w f.re or w~:~dsro~m inwro~ce
plsced on ~ny of sa..i bvi!d.~~ys, a~~y intr~e~~ thrre~n w{,a~1 thereo(, unl~•sa ln ~l~e fo~m ar~d v.rth ~?+c loas payab:e as aforesa~d; and in the eveM any s~m
of money beconxs parablr vnd.:r s~ch po::cy w ool~c~es si~d MuRiGAGEE sha11 have ihr ope;on ~o ~.xa~YC a~+d app:y fhr w~~~e on occou~~t o( the indebted-
ness eecwed hert~r w ro prrm~~ sa~d MORTGAGORS fo recr~Ye and use il a any p.:rl the~rof tor o'mr ~srs. :::~r,-~,;! ih:•~vr ~,~~•~•7 or ~~e~~av
inq any eqv=ty, I:en or .~gh~ u~? or by vi~tue o4 this mo~•gege; and in ~ha evrnt sa:d M:3RTGAGORS sha:i fo~ eny ~eason fail ~o taep ~he sa;d p~e+T~srs so
]nwred, or fail ~o dri~Ye~ pranprly any of s~.d po~~c~rs of ~nsuro~ce 1o sa~d MORTGAGEE, or ta~! promprty ~o Nay tu;:y a~~y prF~•,;,,~r theraiw or in a~~
respect fait ~o pe~~wm, d.scharye, eiecute, eHect, comple!r, co~nply w~~h and ab~de by th:a covenant, or any p.+rt hrreof, se~d VSVRi'vAGEE may p~ace a~W ~
pay fo? s.,ch insw.+nce or ~n~ part thereo~ w~thout wai~~ng w af(e;ting any ophon, Ilen, equ~ty, or ~~yhr unde~ o~ bi r.rr~e of ~his Matgage, aad the
fult a~n•~unt of each a~d e.cry svch pa~mrm shall br ~m:ned:ataly d~e and payable and sha~1 brar intcrr~t frc,n tha date ~hercof u~~r~l pa~d at rhe rate oi
n~ne per crnr~m ~.e~ an:+~:+: o~:d 'o~•r:t~r~ ~n~'h such inir:est shai~ br s.rcu.e~ by the G~..~ o! th~s mortga9~.
1_ To permit, comm~t or sutfer no waste, impairmtnt or deter~orat~on of said property w any par~ thrreof.
5. To pay all and s~ng:,!a+ t!~e costs, charges and ex{xnsrs, inciud~ng a reasw~able atewney's (ee and tosts of abstracts of t~rie, incurred or pa~d st
any ti•~e hy sa~d h!ORIGAC•tF, t~e~~~se or in tht evem o1 the fa.Wre on the part of ~hr sa~d MORTGACsOR to dv:y, pro~~ptly and f~~ly p~vfo~m, d~atharge.
rxec~te, e+~ec:, cu.np;cce, co•np!y w~th a~~d ab.ie by each a~td evcry the s:~pular.o~s. agree~t,anrs. cond~r~w~s, a~.d co.e:~a~~~a c~ ao~d p+o•~.:>:ory note a~~d ~h~~
n,orrgagr any or e~+hrr, a~:d d costs, chargrs and eapenses, each artd every, shatl be immel~etr~y dve and payab,r; v.h~•rhzr or not ihare 6e no~~ce dr
mand, aste~-pt to coi~ec! e+ s~~~t ~~~d~•g; and the f~lt a•noum of each a~d eve•y such payment shoil bea. ~n~eresr f.om ~he date therra! umil pa:d a1 the
oi ,,;•,r p~. ~~n•, F~•r o,::.. ::nd a~l sa~d <osts. ci~~rges a~~d ex;x~,ses ~ncurrrd w pa~d. to9rtF~r .ti.th s~ch n,teras~, sha11 be secured by the i~en of tht~
mo•fgage.
6. Thal (al in ffir e~enr of a~•y breach of thEs AAortgage or delauil on tM pa~: of rha MORiGAGOR, or ,b3 In fhe event any ot sa:d sums of money
here~n refrrred to b<• ~.o~ •'.y a•~d f~:~y pa~d w~th~n tn..sy ,30: dats ne.r a~~~•r the sa~*~e se~era:oy beto•ne due and pa~able, w~~t:o~t demand o~ oouce, -
= r(c) in t!+r evenf cacA a~d ~~r ~ r~e it~pu at~ons, agrermznts, ta~ai~~~ons and covensnts ot se d prornisso+y ne:e a~~d th.s mortg~Je a~y w e~ther aro no~
~.,:y, p~a~.ptiy ar,d i_::y ~rfo~:~:~•d, d scharged. execured, effected. canpierrd, compi•ed wrth and aL-~d~•d 5y. ihen e.~her a any such evem the sa~d ag
?•egatt sum ment~erti~ci ~n sa.d +~:ssory r.ote then re~nainin~ ~r.pa~d. w~th ~ntr~e,t accwed, a~jd a~; :r.on~ ~s srtu~ed hereby, shall betume due a~ pay
~n.e forfhw,th, o~ therra`tcr, at ~hz• eF~~~o~ of se~d A!ORIGAGEE, as fuliy a~d comp!eteiY as if ail of ~~r s.. d s~ms ef ineney were ong~n~Jy at~puiated
ro tk o.~ d w+ s~cA dc,. ~~~i+• s+d pro:n.ase~y note or in ih~s Alorrgage to the comrary nor...rh:~a~,d:•~y; a~~d ~her~~F:on or tinrnafter a~ the opr~on of
sa.d :'ORTGAG:F, w.nc~u+ nor:c•~ o* dr~nand, w~t a~ ~aw or in equ~ty, therefore a thereaher begvn, may be prosec..t~•d as ~f all moneys secured hereby
n~d inet,;red p+~ot to ~rs ~nst~tut.on.
7. Tha~ ~n rne etrnt thar at ~!:e ~r-,7;nn"ng of w at any t~me prnd~ng any sv~t upon ~h~s Mor~gage. or fo forFC!ose it, or to reiorm it, or to enforce
C~Y*++e~t o+ any c'_~•^.s hr•e~•:•d:.. s~:d JCiGA^vEE sha~i app~y to the Ceur! F~av~~~g ~ur~sd.cron the~cwf 1or ehc appo~rnMnent of a R_cewer, s~ch Covn shail ~
rorthw+rh apy~~nr a•cce~.e. ~f s_~d ~n_~rt~ogcd proexrty e+i a~~J s~~~yu:a., i~c:vd ng ~:1 a~d s:~gu:ar fh¢ ir.c~:re, ~`e~-!s ~ssvn a+:3 ~B~C'~UCS fro•.+ whjtever
scvrce der~ved. ^::h a~,d e.ery uf w1,,ch, ~t tx~~g eaprrss!y unders+xd, is hereby mortgagrd as ~f apec•t~ce~:y set ionh a~d dexr~bed in +he grontu~g and
- h~bend~m c=e~se~ her~•of, and s~:h Rrcr~.er sha:~ ha~e au the broad a:~d effecn.e Iunc: ons and pw.e~s in anywue emruared bY a Co~•t to a Receiver, and
s_:h appo~neme~~t sh a.• n.3cie by s~ch Co.:~t as a~ ad:nitrrd equ~ty and a matier of absaute ngh~ to sa~d MORTGAGEE. ~~~d w~thout re(erence to the
adequacy er ~nade:;~ac, o! tF.e vaiue ot rhr pro~.arry mo•~gaged or ro the sa~e~cy or ~nso~veney o( sa~d MORiG.~GOR a fh~ detendents, a~d that svch
•rMS, prOfrts, incG:n~`, ~ss::es and revenves shall b•~ app,~ed by such Rece~ver accord.ng to the lien a equity of sa~d MJRiGAGEE and fhe pract~ce of such
~OUft.
8. To do'r, pt6mFd!y and fu;~y pcrform, d~s:harge, e~ecute, effect, comp~ete, comply w::h and abide by exh snd every the st~pu:ations, agreemeNS,
cond~tions and coveoanes ~n s.,:d pro:n~ssory no:e and ~h~s mo.tyrgr se~ forth. .
9. Thet in the e.e^t nc~ ewne~sh~p of the rtwrtgaged pren,~ses. or any part tlTereol, Eecomes vested in a persow otAe? than the MORiGAGOR, the
!~tpRTGAGEE, irs wcc~ ssa~s a:-d ass~gns, may, w~+hou~ not=ce to fhe 11'ORTGApR, deal wnh s~ch successor w wccessor ~n .nterest with reference to this
~ro•fga~e and THc d_o• h~~rrt-, v~.ured m tht sar.+e n,an~er as wa'~ Rlortga~o~ w~thout in any way vitmting or c.+.xfia~g~~~g the blartgagon' li~biiity herr
_^de~ or tne d~~cr , s.~._~~ed. No sa:P of fhe Fre~••~ses hereby mortgaged ard no fo-veara~~e on ~he part of ~he MORivAGEE or its svctessws
or aaa~9ns and no ex~r~ fh~ nr,~ for ?he paya.e~t of the deo+ hercby secured g~ven by the MORiGAGE_ o. ~ts sv<ces~ors w ass~gns, stiall operate
ro re~ease, d,scharge. r.•ed.i~ ch;.:ge ar affect the cr+g~nal Gao:i.ry of fhe IAORiGACSOR huem, either in whole or in pa~t.
10. It ~s i{~ec+;;?,? ag~eed ~har t~me is of rh~ essrnce of th~s confract and that no waivcv of any obf~gat.en hereuodrr w of tix obl:gation sr
cvred hereby aha;: ar an, r:~••e ftkrraiter be he:d ro be a wa~ver af the terms hereoi or ol the instrument sewred he~by.
: 1. ;n ~~e rcrr ;c ...o•:eF,'; pa~ ~.~rnts of pr~••c pai and inreresr requ~red bv the prqm ssery no~r s:-c~,rrd her-'bi, mortgagar eovenants
~^d agr:~es te ;~o~ i3ee ~~!h eacfi :~~on•n y pa~i •ent an add.~:onal sum e:n~~ ated b~ mo~~gager to be e:;ua~ to i 12 of t:se an:wa! cost of fhe foltcv~-
,
A--:.. r-,, , :.a.:s ~e:~_c'. er assessc:i ag..~~ se fh.~ above desvibed re•ai e:~a~e.
B F•~ ~ ~ f.*e a~-d :.n~dsTO n~ns~~r-cc as ner~-;n rqu.red to be carr~.~d o*~ t4e mrrove~ne~ts s:TUate on the abave descntied prem~ses.
C-Fr_ • s o- s~:h ~^e•~~ .ge ~~a•ar..y inwca~ ce as mo~tgagee sha~! froT r~ne to ~:~^e deem f:t to carry on th:~ loan secwed ?K:eby_
~.'-a++:~~:~~ e s° ~ e: Tc ,..e ..~.i; ,nr+gago• ~r.t~ng of tne a:>.o:r~t d~~ a.,d payable hereunda+ and such w•,: sha~! thereupon be dut and
,~.ab'e o~ :'~r e~ n•_,r .~,o~!~~ y pay~~ens and each success~+e T.o^th the:eafter ur.r;~ mo~tgagee sha:l not:fy mo•+gagor of a charv}e in wcl.
I~ ~~~evn+. S~ch s., • s s• ce a;:; ~rd by morrgag:r toward tix payment o+ reaf property taaes, ~nsurancr pre=n,ums. a~id mortyage g~a~aoty insurance
~•em~v+~!S.
IN Y~sTrtf :.±i;~' e sa.d MGRTGAvOk has hcreu~to set h~s hand and seal the day a~d year first aforesaid.
S~gned, Seated a~d de':.ered in the presence ol: f' q~
- - T f~~EO .k~ RECOROED r7~~ K ~ ~ ~~~.Lts~~n
_~i ~ness ST ~uC~E C~uNTY fl~. I.ola Caruthers
cs~.n
~ aocc~ {~~TR~S .
r~~l~~.-~1~~=~ c~EF~ c~,~u~T cou~ cs~,n
- LLIeSS _ - - - RECOP.~ vE°~ciEO tse+q
$iAiE OF xau~cx ~ lorida ~ u~ 1~ ~ ~ 33 ~N ~ 2i 1181.
coutitr o~ - _DadQ - - ~
Befwe me penona~ly aopeared • "S - ~Cx
_ to me well known and k.wwn to me to bs
the ind~v~d~ai, drsv;ied in ar.d who e,~ec~rrd the forego~ng instrument, and ackne,w:edged before m.e that ~hey erecuted the same for the pu?poses ~
the~tin e:p~essed- ~C~d - - - -
~`~'9r~7047C-- - - - - - - - -
c !
ra~, ..'•:,t.;.-
~y~ Jtme •
WITN:SS my hand a~+d off;c,al serl th~s __~a~-_'-~----- day of-
'~-~'5~..
~ - ~ " A.
~ ~~-r . .,:`~t-;•,~,~?
tery Fub'~c ~n and 1w the St~!e of florid~ ~pe
My Comm~ss+o~ e~pires: ; ~ _ - _
~
Re`.,•n To: r : -
f~rst Feders~ Sav~~~s a loan Assoca+:on N~TARY PNB:IC. STAiE ot f?_ORIDJj ~i1~~" ,y. ~
_ , . , • ' YY CA.V.MISSlCV EXPIRES FEB.'.1~, • l~• _ ~ ' ;
~pHa[o THMOUGM ~wcu N. ~
F t F ~ c .i ~ , . . `:s
- ~ • '4~, ~
3 . .
?-/G. - ? . . , -
th~s Instrument Prepared By J. D. Chastaiti `
First Federa~ Sav~ngs 8 Loan Ass~iation ?
of For r P~erce ~ ?~'lorida ~
~
Checked 6Y - - - ----~~U~ sy3 1235 . _
1 iS
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