HomeMy WebLinkAbout1785 J. To place and continuous!y kecp on the bw Ju+,yf ~~.~w or hrrc•aftcr •itua~e on aa~d ~and and cn ali equipment and perfon~ily tovered by this mor
ege, wi~h all premiums thrreon pa,d ~n I~~I1, hre insu~a~uc ~n ~he ~~suai atsndarJ ~w~~cy iorm, in a s..:c~ aNp~o~eJ by the MORIGAL'EE, and wmd~to
insuronce in the ususl ftandard po2•.y funn, in a s.nn as~~~~uvrd by the MORIGAGEE, in such tompany ur tomp~mes af the MORiGAGEE m
dhecR and all li~e and wmJsrorm insu~a~ce pofic~~-s o~~ eny ol se~J lw~~d~~~ys, any in~erost tho~eio or part ~hc~eol, in 1he aggregare ~um alo~etaid
in eacess thereof, sh~11 contain ~he usual st~~~dard n,o:rg.~gre c~:wse or wch o~her c~euse as the Mo~tgayee may reqv~re, meAinq t?x los~ under fa~d po
c~es, each and every, payab!e ~o sa~d AIJRIG.ACEE as ~~s ~rocr.st may ap~xa?, anA each and avory such pc~:~cy sl~all be prompdy asag~~ed and de~ivered ~
sny held by sefd l~~OR1GAC,EE as fu~thu~ securiry to sa~d ~~:urtyo~e dab~, and, not Ieas than ten (10) days in advance o~ 1he exNiration of e+ch policy, 1o d.
I~ver to said A10RTGAGEE a~enewal thereof, ioge~ha~ .~uh a rra•q~t ior ~hr prem~um ol svch ~e~ticwal; and ~har~ shall be no fire or wi~~ds~oim ~n~uranc
pl~ced on any ol said b~ild~nc~s, any interest Iherr~n o~ pa~t Ih~~rof, un!c>s in the (onn and w~~h ~he ~oss payabte as aforesaid; end in the event any sun
o} money beco~us payabte under such policy or pot~c~es s~id ~SJRTGAGEE shall have N~r opeun to rec~~~vr anJ ~pp:y the aanx on account of Ihe ii~dnbtrd
nesi scc~red hcrcby or to pennit sa~d MURTGAGORS to rece~ve ar.d use it or any ~~~~t th•`~cof lo. wk• * pur+.os~•s. wnho.,t Ih ui wae+~n~ o~ o~~p~u
i~g any equit~, I~en or right under or by vir~e of thu mc:ryag.: and in Ihe evcnt sa.d MURTGAGORS :hall to~ any rcason fail lo Mcep the said promnzs so
insu~ed, or lail fo drl~ver pra»ptly any ol said po~•c~e•s of in~~rance to sa~d MORiGAGEE, or iad p:o~nptly to pay fuliy any pre~~~ium thcrclw o~ in a~~
respect iail to per(orm, d:scharye, exrcute, elfeu, canplete, cat+ply w~th and ab~de by this cove~~ant, or any part hrreof, s.+~d MURTGAGEE may p~ace a~~d
~ay 1w s~ch insura~ce or any part thereo( withou~ waiving cu atfacting any opt~on, fien, equdy. o~ ~~~ht under or by virtue oi this Mortgafle, and tht
fuN amou~U of eath and e~ery such payment shall tx unnud~etrly due and payable anii shal{ btar intcraat }rum the dato Ihcrcoi until pa~d a1 the rate of
nint per ceofum pet annum and to~rthe~ Nrth Suth uite~cst shau b.r s.~.~md by the lien oi thi~ mortyagC.
1, io permit, tommit or suf{~r no waste, imFa~rnnnt o~ di~teroia~~on uf said p:optrty or any part Ihc~eof.
5. To psy all and singular ~he costs, char~ea a~~d expenars. ~~xludmg a reasonable attor~ey's ~ee and costs of abatracti of titla, incuned w ps~d at
any time by said MORIGAG:F, bccause or in the e~~ent of the fa~AUC on thr part of the said MORTGAGAR to duly, promptly and 1uYly pe~fwm, d~xharqe.
:~ewte, e(~Kt, canplete, comply w~th a~~d ab Je by ea.h and every ~hc stipuia~~ons, ag~err.ients, condiha~s, and cavenants ol said prdnisso~y note aed thif
nu~~gsge any or e~ther, and sa.d cosrs, charges and expc~s~i. each and evrry, shall be im~ned~a~ety due and Fayable; whe~her w not there be no~~ce d~
mand, ettt~»pt to colled o~ svit pend~ng; a~d the full.a~nount of each a~~d eve~y wcF~ pay~ne~t s~~all bear iNCrest (rom the date therrof until paid st the
e~ n~ne ~~er centu~n l~cr amw n: a:~c: all said cos~s, cha~ges a:~J : xpr~~ses ~ntwred or paid, ~oyether w~th such imerost, shall be secured by the I~en of thif
R~ort9age. . ~
A. That (a) in the evenf of any breach ot Ih~s Mo:tyagc or default on tM part of the MORTGAGOR, or (b) in the event any of sa:d sums of money ~
hcrein reierrad to be not pro~n;.tly and fu:~y pa~d w~rh~n ~h.~ty i3.?? JaYS nex+ a~t•~r ihc sa~»e scvcia'iy bccon~e due and payablt, wi~hout demend or notice, i
; r{c) in 1he event tach and every the stipu~at;aris, agreemrnts, ceniliS~ons and covenaMS of sa d promissory note and th:s morfgage any Or eilher are nof
i.~!~•, promptly and I~tty perfonned, d scharg_•d, exec~ted. effecred compieted, compLed w~th and ab~drd 5y, then in e~ther or any such eveM 1he i~~d a¢
a~r3a!e sum memroned m sa+d prom~ssory ~u~e then ~en~a~ning ~nFa~d, w~th intere;l a~c~ued, and a:l moneys secured hereby, ahail becume due and pay
a~ ferthw~+h, or tF.ereafter, at the opnon of aa~J A10R1GAGEE, as fuUy and tomp'etely as if a~l of the sa~d sums of money were or~ginalty •upulated
o be pa.d o~ wch day, an~thu~g ~n sa d promasory note or in th~s Mo~tgayr to ~he <o~~trary not,roi~hstand~ng; and thereupon or thc~eafter a~ the opt~on of
s, d MORTGAGEE, w~rhovt no~~ce or demand, s~~t at law w in equ~~y. therefore or Ihereaite~ begun, may be prosecuted as if all money secured hereby
n.-d matvred pnor to ~tf mstitu~ion.
7. Tha~ ~n tne evenr ~ha~ ar fhe k~y~nn~.,g of or af any ~~~ne pend~ng any su~t upo~ fh~s Mo~tgage, w to faeclose it, or to re~orm it, or to en(orce
~~~~ment oi any c!e~ms hereund~~r, sa~d 1NORtGAGEE shall apply to thr Coun hav~~~g ~unsd,u~on ti~ereof tor the appo~ntmem of a Receiver, fuch ~ourt shall
tcnhwith appo~nt a rece~ve~ of sa~d mort~agcd Nroperty a!1 and S~ng~lat, inCf~ ng a{I and aing~lar Ihe income, prol~ts, issuei a~t~ revenues f~om whatever
s:.~ce der~ved. ea:h and every of .,,h.ch, ~r tx~nc~ e:press'y unde~v.od, ~s Fereuy merrg.~ged as spec~fically set io~~h a~d deuribed in the g~an~ing a~d
k•.~~~ndum ciauses her~wf, artd s~ch Rece~ver sha~l have all the br~ad and rffect~:e func!.cns ond powers in anywne emrusted by a Co~rt to a Receiver, and
s..h 3ppuintment shait 5c madc by such Ceurt as an ad.~zined .qvity and a maue~ of ahsol~tc rgM ro said MORiGAGEE, and wilhout referenCe to the
~..+.a:~~cy or inadrquacy of the va!ue of the propeiry mo~tgaged er to the sovrncy cr ~n;oivency o1 said MORTGAGOR w ehe defendants, and that such
~•~~~s. prof:ts, incane, issues and reven.,es shai~ be app~~ed by wch Recr~ver accord~ng to the lien w equity.of said MORTGAGEE and the prsctice of such
CJVf1. ,
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8. To du'y, prempt'y and fuliy pe~fo~m, dn:ha~ge, execu~e, effect, compiete, comply with and abids by'each a~Sd'every 1M slipulatiQos, agreements,
_o~ld~tions and covenan!s ~n sa~d prom~ssu~y note a~~d th~s m.,rcya~e sct foith. _ !
9. lhat in the e~ent the ewnersh;~ of the n;ort~rged ~xc•n~ses. or any part tnercof, becomes vested in a person other than the MORTGAGOR, the
Y^RTGAGfE, its successors a^.d ass:gns. may, wahou~ «cc~ce to the ;:,04iGAOR, deal w~th wch successor w successor ~n iroerest w~th reierence to this
~--o•+gage a~~d the deb~ he~eby secured in the same n:a:~r.e* as w~'h 6ti~rt~ago~ w~~hovt in any way vit~ating or d~scharging the Nlortgago~i liab~~iry herr
.~der p~ upon the debt nere'vy securcd. No sa!e of the F rcn,~s~s h~reb~ rnortgac~ed ar.d no forbearance on the part of the ?dORiGAGEE w its sutcessors
ass~gns and ~u exterslo~ of ~he t~mr }or the paymen~ o+ the debr he.eby secvred given by the MORTGAGEE or its svccessws or ass:gro, a~iall operate
ro re!ease, d:scharg~, mod~fy change or affect the o~+g.~wl liau.c.ty ot the NORTGAGOR herein, either in whole or in part.
10. It is speuf~cally aoreed that t~me is of the essence of thfs contract and that no waiv~r of any obligat~on hereunder w of the obligetion se-
;~~red hereby shal+ at any tir,e th~reafter be hc:d to be a wa~ver of the terms hereof or of the instrument secured herby.
I1. In edd ~:e~ fo rtie fo~ege ~~3 rron!h'y F~a~n,•~nrz o4 pn;u pai and ~~~~ercst requ;red by the prom;sscry no!e sec~~ed hereby, mwtgagor eovenants
d agr~es to pay ro mo-tgagee v~~th each monrh y}a~i:.ei~t an add:~ional sum es!~:~~ared by mortgagee to be equal to 1~ 12 of the annual cost of the follow-
A-A!i reai prope~ty tax_s lev,ed or d55f5Sc0 agai ~s' the a'tove desv~ocd r_at estare.
6--Fre•~ ns o:~ f re ard n~~~ds!o ~rsv~a~ cr as iiere~n rcq~,~ed te be carned en the ~m,:roveme~ts situate on the. above described premises.
' C-Pre r~.,r s o~ s.,:h T.ort~. ae g.,a~=^'v irscra~ te as mort3agee shall 4rp~r t me To ti•ne deem fit to carry on the ban sewred hereby.
Mor!gaaee s~•- ! t•:,~r~ n-e to ~~e ~~c> +~~crT,.,,gcr m wnt,ng of the a,:~ou~t d.~e and payable hereundrr and such surn shall thereupon be due and
I :~.3b!e o~ +he d~e ca.e oT ~he •,ext =~•a,t~ f payn-enr and eech su:cessive monrh thereafter ur,til mwtgagee shall notify mortgagor of a change in such
-~~nt. Sucfi a.,ms s~a.~ ie a::~. ~ed by me.tga~~:e ro~a~d me pay~rent of real prope~ty taxes, inwra~xe prem.ums, and mortgage guaraMy insurance
~ ;..e~wms. .
Iy ~;;~TNEjS .^.HER~OF. me sa~d 1M1ORTGAGuR has hereunto set his hacd and seal the ay and year ' st atoresai .
~ S~gned, Sealed i~,defive ~ in the p~esence of: . ~ ;
~ fIIEL' AN^ RECC~ ~ •
ST.IljC1E COiJNTY~E~ i
RO ~ : F °OITR~S (Sesq !
- , ~LERK ~~~~~~UIT CQ1~Rt ~ ~ (Seaq i
- rtFCOa~ v~~~ciED '
-c5esp
~ SEP I~ 3~~+ PM' 1 ~ '
:'.:SE Oi FLORIDA ,
;~;,~~TY OF St. ~ie _ i 215581
Before me personalty appeared ~E~_~~~.• .1~11~~ .j t. ~^d
_ _ Na11C~[ AZ1C@ .lOAeS _ his wife, to me well known and known to me to be
~~n~~v~dw's descr~bed in and who exewred the foregoing instrument, and acknowiedged before me that they eaecuted the same fo~ the, purposes
e~~ expresud. And the sa~ ; r,~,~ ? ~,r ;
t~.n. - ~d_--~--------'----- N~nC L_AllC.p JOTPS _ t~ ~ •
~e of the ~a d _ _Eddie M_ _.j°n~~jZ~------ - - u ~ik~~ a1~ ~
i
-.e~:ra':cn b~ .~-,e t;k~n sepa•ate acd apart frcm her sa:d husband, acknowledged ta a..d before me that she exewted id~'i~M~l~tt fta0fy and t~D10+~'~
~ y and M:ftwut any co.T,p~'s~cn, constra~nt. apprehe p~, or fear of or from her said husbend. t~ ~ .
t~
~ Y~ITNESS my hand and o4f;c,ai seal th~s _ day of_.____ - , ~ ~ A. D. 19~ ;
_t_...
~ - - - ~ ~
~ Nota y Public in and i r t `~t ~pf F~id1 ~t larp~
My Comm~ssion eapires: ~ ~Y: • '
Rct~rn fo: ' •
~ NOTARY F~'SLtC ST. T'' O' Fl.~jll~`Aj lJ1f:'SE
f~•st fede~al Sa~~n~f b Loan Assoc:at or, MY CC'AAAIS.~S10N CA''~N'S IA' ~r 1973 "
r~~ ;•..t p..~:.
. GENERAL INSURANC~ UNDERW~RS~yI~(;,
- F~,n h..•,e. s.~ ~~i, ' ~ .~ticil!~•..
~
k ~ ~
~ Th~s tn;!rument Prepared By RiChard K. Kayes
~ F~rst Federai 5av:ngs & loan Assouation "
of Fort P~er-e , Flozida
~~l~srkn~j B~ ~ g~0~ ~W fAYE1783
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