HomeMy WebLinkAbout0551 3. To p'+:r ~•~d CO!~~~~1JOl~S!y kecp on the 1,~, .1~~,g~ no.v o~ herrofrer s~tuate on sr'd !and ar.d on al~ equip~nent and perscnally covared by this mor
~.~a, H, ~h ail prc:~,...~:s ~i,rr~~on E.,,d ~n f~:l, f~ra ~ns.,~e:~ca ~n inr ~s,,ai sfar.dj:d po'~cy form, in a wm appro~rd by the MORiv.aGEE, and wu~ds~o
s~,ran:e in rhe u~„af s~a~~da~d Fo: cy for~:~, in a sum aHpro.rd bt thr A1pR?GAGEE, in suth company or compan~es as th~ htORTGAGEE m
:i •ecr and ail i~~r a:~~ w~nt1514rm ~nsv~an~2 pouucs on any of sa;d tw~~d.ngs, any ir.tcr,st sfierein or part ihereof, in ehe aggregaTe sum aforesa~d ~
excess ~h~•r~~oF, s~~a~i :ont~in tnr us.~al sra~•d~rd mo~~~~9re ciause or such Other ~:aute as th@ M.ortgagee may requ.re, maling the i~ss unde~ s3~d po ~
•s each a+~d ~~:ery, pe.abr ro sa~d ~\1JRT.:,AGEE as ~~s in~crast may appear, and each and e.e~y such p~:~c~ shail be promptly assg~ed and dei~.cred i
h~•~d 6~ se J':.J2~:;A~~sE as fwih~•r securlty ro sa~d n urt~ege de~t, ar:d, not iess ihan tzn 1~0) days in ad.~nce of the exp~~at~un of each po6cy, to d~
.er ro s.;.d `.+JR?G:.v:E a~enehsi fi~rreof, ~oge~h<r woh a rece~pi tor thz~ pre~ni~m of such rene+`al; and there sha:l te ~w f~re or windsw~m insuranc ~
r.acrd on any of si d~ocd. :ys, any inr~rest there~n o~ part thcreof, u~'ess ~n ~he fom~ and ..~rh the ioss payeb".e as aforesa~d; and in the eorro any sun i
. •,o~ry brco ~~cs par~~:~' u,:dr~ s;.ch pol;cy a po!~c~es said MORiGAGEE shall have ~he opt,on to reca~~e end ~ppiy ehe sa~~~e on eccouN ot the indabtrd +
,•s~ s.<.:r,•J h~.,,rby or to ~er•~~~~ sa~d MORTGAGORS to receive and use it or any ~,,,t Ur~.eaf ror e:n,•r ?ur.~s_s. .•:;n,o.;t ~fi .v:.~+~ i3 cr. ~ r~p<:~r ~
an~ ~-q,, t~. !~•n w r~~ht under or by vvtue or this rncr'gagr; and in thr event sa.d A10~2TGAGORS shaH for any reason fail to kaep the aa~d premisrs so ?
:~r~d, or f:~:l to d_',.er p-sn~t;y an~ of :a~d poi:c~es of Insu~ance to na~d A10RiGAGEE., or fa~! p•omptly to pay f~:;y any p~e~n~um therrfor or in a_~y
.:;f i.:~' ~o prrform, .i.i:n_r~e. eaecurr. eite:t; con,p:erz. co~*,ply w~~h and ab~de by th~s ccvc~~anr, or an~• par~ h.:reof, sa:d MGRT~+',GEE may p~acr a~d
io~ s~d~ ~nsw..nce or a,:y part thr~~of w,thout wa~vi,ig or affz.t~ng any opi~on, lien, equny, or nght under or by v~rtue of this hlortgage, and the
, s:•~oun~ of eech a,d e.ery s..ch pa,rr.rnt sh~L be immediately due and payable and shal! bear in!erest from iha date thereof until pa~d at the raro of
F~-: c~ns~. r. Fa' ~ a}d ':3_~trcr .<<th s~ch ~~e:e:es! shj~~ oe sec~:ed by the Gtn Of ih~s rr~Ortgage.
i. To perm:~, co~n•:~it w suf(er no woste, impairment or dztrr:ora!~on of aa~d property or any parl thereof.
5. To pay a~~ ,nd s:ng.~,ar rhe coi~s, cnargea and ecpenses, indud~ng a reasonable ano~nev's fee and co:fs of abstrads o( title, inwrred or paid at
, r: e bti s,.d ~it•:tR?GAGcE, because or ~n tne e.em af the fa!we on ~ne part of the sa;d MORTGAGt7R to d~:y, pro~npfly and futly perform, d~scha.ge
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:.rr. efi~u. cen,F::~rr. r~ np~y wnt~ a~~d a6 de by each a~d e.ery tne s!~pe,tat~ons. ayrean~~nts. tond~~iona. a~:~ co~e,,ar;s a6 sa:d p:~;:;:szo:y note and th;~ 1
~••~s3c .~~iy er r.•her, a d s~ d ces:s, charyrs and ex~:enses, each and every, shall be immrd~ately due and payab:e; whether o~ nof there be nohte d~ ~
,~r~ , r ro :o. ~-c! cr s~n pr;*d. and ~he tu!; amo~nr of each a~•d e~e~y wch paqmenl sh~li bear in~eres~ from ~he date thrreof ~ntil pa~d at the ?
.ne .:e: „ a;~ s~~d :c.>~s, cna:3es a•,d ca:.e~•ses ~ncu:rrd e~ pe~d, to~ether w,th such ~nte~eat, sh~fl be secured by the ~~en of th~s
• rg ~ga.
6. Tha! ~a' in thc e~eM of any brcach of th~s 1Ro~tg,~ye or drfau~t pn the part of the h'.O~TGAGOR, or ;b) ~n the event any Of aa:d sums of money
r~n re!:~~~_d t~ b•> ~,ut ~!o ~•.:;:y ar,d iu~ly pa~d wtn~n th rty ~,33' da~s ne.t a•n•r the sa~~~e se~e•a iy Cew^~e due and payali!2, wuhout de+nand O~ nOtite,
.i m rhr e+e:~t ~~;:ch ard e.ery tne st~p~:anoni, agreements. Cer.d.[ions and covenants of sa d prom~ssory note and th.s mortgage any Or ather are nol
~-o~r~~ni a~ :r ~e.to~~~~rd, d s:narq•;c~ e~rwred, effectrd canple~ed, co:npi~ed w~rh and ab~ded Sy, then in e~ther o~ any such event the said ag
~~•e s:,•r ~ :ec! ~n as:d {:ro•~vsiory nu!e then rc~na~ning unFa~d, w~th ~ntrrr;t ac;~urd, and a,~ ~noneys secured hereby, shali beco~~,e due and pay
~!crr~.. ch. c~ ~+•:r~-a~<<-r, at rhr c:~r~on or s.,:d ~50RTGAGEE, as fu~~y aix~ comp:e~e:y as ~f aft of t~~r s.~:d surns oi money ~ere or~g~na~iy st~pu~ated
d or. s:. ,n c: ~•,,+h,rg ~n i3 d pro r.ssory nore or in th~s Mortgage to the co~~~~a*y not.vithst3nd..~g; and the~e~E:on or thereafte~ ai the opnon of
..:".OiTGA;;EE. v..+t.:~~ r,o~:ce o. drma::d, s~~t at !aw or in eq~~ty, thr~efore or thereatier begun, may be prosecured as if sll moneyt secured hereby
i-~:,;f,;red p~ or rc :ts ins~~fu~~on.
7. '~a~ ~n tre e.ent rh,± at the beg~nn:~,g of or at arey r~m.e pend~ng any w~t upon ~h,s Me•+gage, o~ to fwec.ose it, ot to reform it, or to enforc~
.-:e.~+ e! ~ny c,: ~ s hr•e.;rde•. sa+d f+.JRTGAG~E sha'1 app~y to the Cou~? ha~~ng ~unsd cr.on tn~,eof for the appo:ntrneM of a Rece~ver, such Court shail
-~,y:eh r c:~~! a~,-cr~.rr o! s.,,d n~.ortgaqrd prop.~rty aEl an~ a~n~viar, inc:v~.ng a~l and s.::q~•:a. t^e mco~pe. prof~R;-issues and reven~ea from whatever
~r :i_•:.ed. ea:h a":3 e~~~~y of ,,h;h. be,ng esp~ess'y ~nde+stcod, ~s here~f mortgs^yrd as ~f spec:~+ca~:y se! fo«h a~d descr~bed in the grannng and
c a.s<~s F.•r ~o*, erd such Rccr~.c`r shai~ have e~1 ine b~oad a~ d eftecr:,•e i~~~c~.u~~s and pev+e~s in anywise entrusted by a Co~~t to a Recri.tr, a~~d
r.•~ s~ c:de b; s.ch Ccwf es an ad ~:~!frd eq~ny and s marrer o~ a~so~ute ngM to sa.d MORTGAGEE, and w~thcut reference to the
~~:,y u~~dc:#-~3=y JT t`~.e va'~s Of the proFe~ty mo!tgeged or to the sGVency or ~nso.~.e~cy OI Sd~d I~~ORtGAG~R w tha defrndams, and that Suth
•s H•o° ~s. ~~~c:, ~~e, :ss.;es a~:d reYer.;.es 1~t3ii be app~~ed Cy such Rece~.er a::o+d,ng to the Ifen or equ~ty of sa:d MORTGAGEE a~d the pracnce of such
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9 Te 1: ~•e-•~ r'~ a~d 4..;,y Fe~fo•~r, d:scharge. eaer.,re, ef'ect, compiete, cor.:rl~ w:!h and-e¢~de by each and every the stipu~ations, agreements,
s a ~ c~ ,.,.s ,,.a ~.re-~ sse•y no~e s~d fn s r~_r~g3~e sr~ forrh-
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9;+;r f~.~• ~f. .,.:,e~sF.:~. o~ tF.e rr,o~!gaged pre:n~ses. or a~,y pa~t tn~~reef, becomes veNed .in •a person other than the MORTGAGOR, the
.•s s_.:~ s__•s c(i a5S':^5, ~ndy', Ni'hJUf nence to the :~1JRTG~OR, deat w~th such successo~ or auccessor ~n ~r.te~eat w~th reference to this
a.d . <,r s_=.;-ed ~n the sa^~e manr.er as v~.th .'d~rtgj~or w~thout fn any way v~t:anng or d:scharg;ng the Alorrgagors' IiabiGty hero-
d,-r ~:r~~:,, s...•_d Ne :ae of tt,e F~e•~ ~srs h,rrby ~~ortg3ged ar:d ~0 4o~oea~a~ce on fhe par~ of fhe MORiGAGEE o+ its svccessws
d•_ o, o• rni~ : fur the payn:e^t o+ tne deb~ F<•e:•y ~.•ed g.ve~ h; +~+e MOR?GAGfE o* ~ts succeaaors or ass:gns, ,~~alf operate
! . _~,se, d s_ha~3e. :".~d:±~ c^n ~e er affect the o•~~~nal I,au.~.ty of the N,ORTGAGOR f:err~n, either in whoie or in part.
1~ Ir s s;~: ;c•_~•d Tf.~+ nme ~s ~f fhe esse^.ce ef th;s co~trac~ and Mat ~o wa~ver of any obI'ganon hereunder or of the obligstion sr
• d hrreay s• ~ a• a~~, t~ - e ~n<<,a~se• be ne'd to be a we~~rer ot the terms hereo4 or of the ~nstru:nent secured herby.
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; . • , _ ~ . , ;:.~,;....,•s o~ _ a~d ~•~t,~es~ .eau.~:d ov r~~r p•crossc~y nc e s.:.,•ed 'ne'r6~. mortgs3Jr eovenaMs
~ • s• • ..,rF ~.,•n ay~ r•~f an a:ia ~u:~at sum ~~s! - arcd b~ ro~t~3gre ro be e.~~3~ ro I 12 04 ~:;e anr,;,al cosr of the foiiow-
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' . . ~ .e . e~ .;ssrs5-_.. ~~•s' s:,o:z dest ..:d .i~a~ es~are
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~ _ ~ ~ . s ; s_•., .,s . ~q~ .ed ro be ca••,..i r•: !'r~ , _•ove-ne~rs s:r_a!e on th: above dasc•~ted premises.
, t~~. 7~ ~3c~ a~-•~ ~~.s.r-a ~_r as ~ne•'.3+gae sha I~•c.~ ~^e +o d~~e^i fA rc ca~ry o~ ihe loa~ secured 4~ereby.
z _ , f;, • ~..rr.t, ~rr.,,gcr ,n e.ng cf thr a-• a~• d,_ a~d patabie here~::drr and s..ch s~~: sh3;l thereupon be d~e and i
E • . , . _ . . . , . . , r.,; • ,f a~.d e.~;h s,;:cess~.e .ro^rh r.,e~ejfT ~r r~ mc*toagee sha!I not:fy r.,o~tgaoor of a change in such
~ : _ , . ' s s . . . , , .:,:.r3ea ~-d ~i.e ~:a~~r~•enf o4 reai property ta~es: ~ns~r~ ~ce p~e~r umi, a ed m;orTyage guaran~y ~nsurdnce ~
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~ _:.=i; k;~~~ .e sa d.410RT.G4~>; R hjs he~evmo se! his hacd and seal Ih. day and ear first aforesaid.
~ S9r.ed. Sea'ed a.d ti_• ~~e~ed ~n the prese: ce or: f1~E0 ANO aECOftDEO ~
' -J ~ St IUCtE COt1MTY FLA~ ?
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_ ~tness- _ . - - - - _ _ _ R~c~a ~~iTa~s c . Paul Jag_r es~,r?
~~~iiK CIkCUI? COURt ~ ?
~ aECCRD YERIFIEO...r.-~ • :
~ kitn~ ' . _ ' ~8E L. J8~B lSeall i
~ ~.-E ~:F F~ N 16 12 io PM 11 _
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~ '.TY OF _ C!~-~'`~' ~-~l"~~`- _ ~ 2 892~3
~ er~,,~ mr ~~~s~~3:y rF~~z,
a - - - - ----Paul_Ja~er .~d
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~ _~$Z~l~es_ St @r h~s w~fe, to me weN known and known 1p me fo ~if s
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~_....i,;a s d~ sc _d a~.J ~ho e¦ezured rhr fu+ego~ng ir.strume~t, snd acknowledged before~ me that they exewted the samt for the purpotef t
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c.,:rrsse~j A•«1 ~ s_r.d - - - - e ~ -
s: ; ~ Paul Ja er ~
- - _ _ _ -----g------.--- uvon . seo..,ft .na priv.a ;
• r. - se, a-~~e a~id + Erc--, her sa d hus5a^d ac~no,~tedged !o and befo~e me that she exet~:ed said iestrvm~i~t 1~NIy and vD1tm~
~ , e.'. _ e~ _ s n co. sf T, ac~r~hens>on, pr (e~r of or f~pm her said husoand. ;
5 .'~5 . _ , ~'.:i' S,a rF15 f ~?S x- - - dd~ °f- - - NOV@III~I'-- A. 19~ _
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- Nora.y Puc'~c ~n e~d }or rhe Siau of •
;;4 My Com•n~ssrOn lapite3: ~i~ ~_»..i.~~~l~
~ ~ F,.,~ a; , .s, S`.., ~ ..ss_: , ~r !zl'1f~~~".__
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T~, e~~+ P,epared By J. D. ~tastair: ~
- F,•st f? ~~7~ 8~ loar Assotiat~on
For? P~e-ce , Florida ~ ~
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:j~ ac.~~ 1y7 PAGE 551 T
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