HomeMy WebLinkAbout0402 3. To p'ace a•:d co~!~n~o~s:y keep on the 6~~'.i•••gs no~ o~ he~e,'rer a~r.,a~e on s~ d a~~d a~~d a': eq.,~i"~em a-~d pe•so~~a~~y co~ered by th~~ mor
ngr. w rh all pren,,;, „s ri,eieon E a d~n t~;'. t,re s.,~o ,c~• ,n ine .sua, s+ard3:d po.,cy forn,, ~n a s..,~ a~~.:~.cd b~ ~f~r S~.OR v~+"vLE. d~.J w,~.dsto
~~surence in the ~s~at S~a~id3rd ~ o'. cy fo•m, in a s~m arpro.ed by tht MORTGAG~E, in wch co~~~pa~~y Cr (J'>>r i~LPi as tne hti02I~AGEE m
d.rect; a~d aH f~re a^d w:,:ds!cn~ ~~•su•ance po'~~:~r; on any oi sa;d bu~:d.ngs. any in!erast rhrr~in o~ pa~t thereo+. ~n Ihe aggregate su~n efo;esa~d
~n ercess ihereoi, sh~ll :o~~~sin the ~svai s+~•u~rd m~•!g;gee c•a,,se or s~ch o~her c!i~se as the hlertyagee n,ay ~eq~.ro. mak~ng the ~oss ~~~Jr~ s~•d po
:,rs, each and e~ery, pa, ~5'e tn sa~d nt~~R'vAGEE as .ts ~n+rr~st ~T,ay appea~, and eacn and e~ery wch po-.r sha[t i~ p~Jn;Nliy ass 9~,ed a~~d dz~~:e~rd _
any he:d by sa;d ;.tt~RIGAGcE ~s i„~rha~ s_c:,rity ro sa~d o~~ga3e deot. a:~d, not leas than ten ~~Ol da,s ad•a~ ce of tnr exp~~ot~o~ of each poi~cy, to d~
,..er ~o s.,~d ~ti10RTGAGiE a•er.ev:a~ ~i~crcof, toge~i~rr ,n~~n a rrce~rt for the prrmium of such ~e~~r..a ;.~d thrre s:ia.i lr no f,re o' ~.~~»sto•~n ~nsurax
i~'nced on any of sa~d b..i d~~:gs. any ~nT~~rest there n or ~,art thereof, ~~~'rss ~n the for~n a~~d wnh the Icss p~~ab:e aa a'creiaid; and in the a.ent any s~~
u~ monay beco nee pa~ab:e unde- s;.ch po:+cv or poLc:~•i sa;d ,L',JkTGAGEf ahaii have the o;.r•on ro r•_,o:~~r ~d ap~.!y tna sa~ne on dC:OJ ~f of t~e indebtrd
^.css sreurrd hr.cby or ro p;rm:r s~ d MC?R1GAGiJRS ro reer~vr a~:d use it or ar,y p•rr th• .<vf v;:r c:: . r ,,,;r. s. .::~^...t ih ~r :,:a~~~
any equ,t~, Gen or ~,g~r ur.d•.. o~ by w~rwe of th;s ~no•~g~gz; atid ~n thr evrm sa d,\~O~TGAGORS sh,~!1 fo• any ~easun f~il to I.azp the sa~d prem~s.~s so
~~sur~d, or fail to dr'.ver pro;::+.tly any of se~d po~•::•_s cf ~~tsuranCe 10 Sa d MORiGAGEE, cr f..~! p•;n'.pciy t0 pay fu.:y any E>:e •~.~.:m ther~for O~ a~~Y
.rsF>ra Eait to perform, d:schar~e, rx:•cutr, effect, co:nH:ete, co.nply w~~h and a5~de by th~s ccvenaa~, o~ any `.~•r h,reof, ss;d M.vR1:,AG"tE may p.ace a~a
pe~ for wch in3~ronc! Or any pa~t thcreof ~nithuut wa~vi:~g ot effeUing any opt:on, iien, eq~.ty, Or r~yht u~.d~_r or by v~rt~! ot ih~s R~o~T~.+ge, a~~d the
f~ii amoum of each a~•.d e.ery s..c~ pay~e,rnr sh.~:i ba ~mmed~arery d~e a~td payab!e and sh.~il 6ear ~ntrr~•st fro~~, tha d~ra th<<cof unr~l p.id at the ra~e o~
~.-.e per cemu~n per ann~ n an.1 e:.3nt.~r ,n~+h such ~~;1<~:~~sr <ha;~ :,e s~•c~red b~ the iien of th~s mortgaga.
t. To permit, comm~t or su4fer no wasrr, ~mpaircie~~t w de~er~oretion of sa~d property or any part thereaf.
5. To pay a~t and s~~gu!ar the costs, charges and e.penses: ~nclud~ng a reasonable ateorney's fee ar,d cents ot abstracts of t~t;e, incurred or pe~d at
±~y t;•cr by aa~d MURTGAG:E, because or ~n the eve~~ oi the fa~iure o~ the part of the sa~d MORIGAGOR to du:y, pro~~pfiy and fu.~y pr~form, d~xharge
exccute, effeu, c~mp:ere, co r.p!y w,~h and aL.Je by ea.h and every the st~p~~a~:ons, agrer~nrnrs, cond~rons. and corenanrs oi sa~d pion:issory note a~~d th~~
-~o+igage any or e~~her, a:~d sa d cos~s, cha~ges a~~d e,~:enses, each and e~e~y, shail be immed~atety due and payabie; v.hefher w not thrre be nof~ce d~
~•:and, ar~empt io co:~ect or t~rt pr~~d ng; and the fvit a~no~m of each a~x! e~ery svch parment shali bea~ intcrest Irum ihe date thereol unril pa~d st the
- r~ n,ne per cenr~m pcr en~w v,.~ ai~ se~d cos~s. cna~ges a~~J ~+.~e~~ses ~nc~cred or pa~d, together w~~h wch ~merest, shall be securacl by the I~en of th~~
mortg.~ge-
6. That (a) in the event of any b~each of rh~s Mortgage or defa~i~ on ii~e pa~t of tne 1fiURTGAGOR, or ;b) in the eve~t any of sa:d wms of lq~pw-
Frrein refzrred to be ~ut pro,nFtiy and i,,:iy pa~d ~n~rh:n th.rt~ !3J: da~s nex! a~r_~r fhe sa~~~e se.eia'ly becor-ie due and payab~e, witho~t demand or notite,
ic) in thr evero each and every ehe shp~:ations, agreeme~:ts. cor}d~c,ons and covenants o! sa d prom~sso~y nore and th,s mortga9e any or N~~er are no1
j~:y, prompNy and fuily perfonned, d sc~+arged, ececuted, eEfe:ted, compieted, compl~ed w~}~ and ab~dad 5y, then in e:ther or any wch event the sa~d ag
gare s~m menno~~ed ~n snid pron~.ssory note ~nrn re~na~~i,ig w~pa~d, w~rh 1Rirf@il acu,,ed, a~~d a.~ moneYS secwed hereby, shall bECOmt due and pay-
e forthwrth, o. th?rcafte~, at ihe opnon o1 s.,.d AtO~ivavEE, as fuiiy a~.d canF;et<'y as ii a:t of ~!~r sa~d sums of money were or+g~nally i~~putatrd
be pa.d on wch d.:y, anyfh~ng in sa d pro n.ssory nofe or 1~ tn~s 1Nortgage to the con~ra~y nor,~,rhstand:~lg; and there~pon or theceafter at the opt~on of
c. _1 h40RiGs1GEE, ~nnhovt no~•ce o~ drir.and, surt at ~ew or ~n eyu:ty, the~etore or therrafter bege:n, may be prosecuted as i4 a!1 moneys setured hNeby
.d matured pt,or to ~?s 1nst~tv!~on.
7, Thaf in the evrnt ~F.at a+ tne beginn:ng of w at any t,me pe~~du.g any su~t vpo~ ~?+~s A+~o*tgage, or to fo~ectose it, or to reform it, or to enforce
- - - - - - - ~+ment of a Rece~ver, such Co~rt sha~l
~.^ient of ar.y c:e~ms hr•e~,~der, sa:d 1',02TGi.vEE shaii ap~~l~ to t:.~ t ::.....-.y _ - . : :
.~•ti..~~h apF:o~~t a rece~:er o~ s~~d r.:orrgag~d pro~rfy ail and singv~a~, ir.ci~d,ng a.t ~a~~d s~~~gu.ar ine e,ccn.e, proirts, iasues and revenues from whafeve~
s_•cr drr~~ed. each ard e.ery of ,~h ch, .t be~ng eap~ess~y unde:srood. n F.e~eb~ mo~tqjgrd as spec fica!:y set forsh and descnbed in the grannng and
' end~m c.+.ses her.of, and s~..th Recener sha,~ have au the b~~ad and efiecr;re f~ec~.ons pe::r:z :n ar+~+v~se entrusted by a Cou~1 to a Rece~~e~, a~d
s,h~. a~FC~'~tm~=;~t sh3~~ be ~.:;de b~ s~ch Co.:~! as an ad:~ittrd equity and a r.~at~er oP absaure r•gM to sa:d MORiGAGEE, and v.v~hout reference to the
:,•a.,cy or inad~•~~~acr of the vai~e oi rhe pro;:e~ty morrgaged or to the SJ.vCn[y or ~nsa.e~cy of sa~d MORiGAGOR o~ the defe~~dants, and ~hat svch
~ •s. proi;ts, inco.ne, ~ssves and revenues sha~~ br app~~ed ~y s~ch Rece~ver ac.o~d.:~q to the +~rn or eq~rtr of sa~d MORTGAGEE and the ptactite of suth
L~'JfT.
S. To du~y, pro:~F~r'y and ful~y pe~'o~~i, dncharge, exec~te, effect, compiete, tomFl! .~;rh and aL~dr ~y ea:h ord tvory the stipulations, agreemeMS,
.~^d~+~ons and CovEnanls m sa~d prom,sse•y nc'e a~~d m.s mor~gage srt torth.
9 ihar ,n t?,e e~e~t rhe c:ynenh~o of tF.e r-,ort3aged pre~~~:es, o~ an~ part ti,ereo(, becomes vested in a pe~wn o~her than the MORTGAGOR, the
:'`RTGAGEc. ~~s svccrssors a~:d ~s:.g~;s mar, .~:'F~ut nc+~ce to the A^.ORTvAOR, dea' w~th wch successor or successo~ ~n mterrst with refere~ce to this
:,•r3a~e ar.d :he deut hrreov se.ured in the sarr.e r.anner as .~~rh :,ortaaoor wnhout in any way vit:ating a d~scharg~ng the Mortgagors' Lab~i~ty herr
:~r ar u,o^. +he de~t he•e~, =_ec~_^_d. No sjz e4 the ~•e•r.~ses hereh~r r,e•tgagrd a~~d ne fo~neara~ce on ~he pan of rhe /.~ORiGAGFE or its wccessors
ass~g+~s a~•d ^o exte~s•on of vhe e ta rne cayn~e~~t of ti,e debf n_~•c•by secured g~~en by the P1tORiGAGEE or rts s~ccessars o• ass~gns, a~~all operate
; re~e~se, d.sche~ge, r.~od~fy cha~geror a!iet! thr ~~c~y~nai iia:;.;.ty oT the A'.CRTGA;,OR herem, erther i~ whoie or in part.
10. It :s sprc ~•,a ~y ~g~eed the+ t~rr~e is of The esser~e of th~s conrract and that no waiver of any ob''gaf~o~ hereunder or of the obligation se-
c red hereby stia:: at ani e~~~,e rn~~rra+•cr br h~:d to br a wa~:cr ef the terma hereof or of the i•isrr~~ent secu~ed herby.
11. Ir, _.::1 • r•_ . u,,tn ~ ,;,r. .n!y o• ;~^.c p.+l ard ~~,rc tst rrqo r_d oy ~he pro~r sscry ro~e s~cu,ed her~b;. mortga~o. covenaMs
' , a o~.._es r: ra; ro - c._, ~h e~,r ad:~ ~:.,r~at s.,m ~•s~ ~ a~:d b; .-~o•fyagez to be eq~a~ ro i. 12 of tl~e an::~•al cosr of ~he foliow-
i
; ,
i A-Alk icaf Frop~ , ta~_i or ass.,sti<,s ey:~~~s~ th.- ai:~.e drsc^~..~d ,ca! es'a+e. -
6 F* ~s o e f:~~ a~:d ,n,~rpsto ~~s_r,;• ce as ne~e~r. req.;.red to be cr~:rd en !he ~~c~ovemeots s:'vate on th; abov~ desr•ibed premises.
i C Pre s o~ s~_n o•r.; ;3e y~a•a~.ry scra- ce a: ~t~o-r~agee sh3;1 rro-n ~ me ru t~~r.r de~rm fit to carry on the loan sec~red hr~eby.
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L'orrai~~',- s''.• : o'n t~ re e~•.' ~>>c~t.,.,gcr ~n wr~7,ny of the a•~o.:~t d~e and payab!e hereunda~ and such su•n shail thereupon be d~e and
.,t,'~~ n+, c..~ : c•_._•r o~~~. ,~;;~n•_•:,r a~~.d each s.~cc•_•ss~ve mo~.~h rt.e~raftr~ urr~i mcrrqagee sha!I ~o+,;y morty~gor ot a change in sv:h
S~zi: s~ • s s~,3 ::,e a; ;.<d c~ rn•_rty~y•~e }o~:,•d il~e pa~rnent of rea: proF;r~+; ta.es. ins~ra:~ce p~en:.u:ns, a:~d mo~tgage guaranty inwrance
~:~umi
W'.'+iTr:E:S l.HcR;O'. ;ne sad MO~TGi:vCit F.as hereunto set his hand and seal tMe day and at firs ~f a.
3 ~~~SEgned. Sea'. nd dr'~ ~ in th presence of: F~~EQ ~M~ qEG~R~Ea y
ST. lUC1E COUN ~lA. I f (Seaq
` - ROCER ~O~tR~S i ' _ 5-~=?
• ~ ~ - - CLEFiK Cti:CUIT COUQT 1 C~
3 ~ RECORO vER~itEO~ L ~
~
~ - - - - - - (Seap
~ ~
u No 15 11$o AM'11
~ aTE Of fIORIDA
~ u. .
~Y `UYTY OF - ~L ~~UC 1 g- - ~
~ Befwe me persona ~y appeared _Htl~h F. BrOC~Cl[19LOrJ e~
- ~C~ig~_ ~ZQCkington _ h;, wi+e, to me v~~ krtown and k~wn t0 m~ to be
~ e;~ci;v~d~a's desuroed m and who esec.,ted the forego~ny instrument, and scknowiedged beFwe me tAat they exetuted th! ser~ ~Or fh! p~rrpOtes
the~e~~ eyFressed. And the sa~d _ CO1~1Q5 1.. Brockinc~ton
~ .~:~e or ,~e saa - Broc~~a~211------ ' : sep+..r..nd priv.r.
sj ~~er.na+•on br me te:e~ se~.a~ate a~d ar:a•t from her sa~d husband. ~cknowtedged ro a~d before me that sfie exKUtej! salJ~lirvw~ent freeJy ~nd vOlun-
1 -
_~~y e~~~c~ w.'t~o;,f s~y W'~:..: s~en, c~~:s+ra.nr, a~:prehens.o~, fesr O} 01 frOm ~Itr nd- .
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WiTriESS mv hend a~d of~.ce!.ses! ~hs _ _ _ day of---+ -1~Y . • ~D: 19~_
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- • Not~.y P~~I~c m~nd fa tAt St?N o~ ~ ~+rp~
Mr Cummss~on eip~res: r, - ~ ~ ' ~ ~
`;:i R',l,n .y
f~rst feder~l S~.• 3~ S loi~ Ass~_c .~o^
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= 1h , ~n;tr,,~.-ent Prepared By 3r ~ur
F~rst FeJer:~: Sa.:nqs S~ ~03?1 A;soc~ation
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p ~~7 t. . 402
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