HomeMy WebLinkAbout2676 J. To p:ace and co:~tinuovsly k~ep on the bvi'd~~.gs now o~ hereafter sit~ate on Sid land and on o5 ~~qlip~nenl a~~d personaliy cover~ by this mW
e~a, w.rh al! pren~~~ ns N~,+~~on ~.a d~n lu:t, fur inswa~•ca ~n th? uwai sra~~3~rd ~o~rcy form, in a s~m aFpro~ed 6~ ~hr h1~:iR~G~vEE, and w~~~Jsw
,r suranca in ihr ~s...~l a~anda~d Hul,ty fonn, in a sum a{.p~o.ed b/ the A10RTGAGfE, i~ Such ton~pan~ o~ co•n~~an;es as the 6`021'vAGff m
.i.recr, and a~I (~re and v.,ndsform inwrance po:~ars on any of sa~d b~~~d.ngs, any interes~ thaie~n ar part tha:rof, in the ag9:<g~<< w~n ato~csa~d
~n eicrss th~~~eof, sh~ll :um~,;n the ~su.:l sTo ~d~~d n:o~~9~yae ciause or su:h oiher c;jvse as ~he A1o~~yogee may ~equ re, n~aling tne ~css ~~~Jr~ sa~d po
.~~s, each and every, pay:,b'e to s~~d ti1JktG.aGEE as ns m~erest may appear, and each and every such pw~cy ah~;l br pro»:puy asiy~.~u a~~d dr;~,ar~J ~
~ny held 6y so!d t10RtGAGcE as lu~th_r s_cur~ty ro sa~d mongage deb~, and, no~ less than ~en t10) days i:~ ed:ence o~ the e~p~~at~en of ~ach po'~cy, to d~
~.er to sa~d A~OR(G%~G:E a ~cner:n~ the~rof, toyrther wlth a rece~pt for the premium oi such rene~a!; a~id tcrre st~at! br no f:re c~ ~:Jaru~m i~:w~anc
~'+ced on any of sid b~i~d~ ~gs, any intrrest ehcre+n o~ pa~t the~eof, un!tss in the (orm and with tiit ipSS F?dyJL'~P as afi:re~aid; er.d iii the eveM any sun
or mo~ey becomes payabie under s~ch policy or poLcies sa~d MORTGAGEE shall have the opt~on to rrr_~ve :,~~d apH:y ~n~ sa,~~e o.~ accou:n of the ~ndevs~•d
ss xwrrd herrby Or to perm~t s.~~d tAORTGAGOR$ ~o reCaive and u5! if Or any pr+rt thc:cof 10~ o:~:~•r ~.v+: ;.s;s. ,.,~i:;,,;t th..•..~; .v_~.~ ~:t ~...,p,.~r
.~ny equlty, lien or rigV~t und~~~ or by vinue Of this mcr'gage: artd in the event sa.d l~10$TGAGORS Sh.~!i Eor any reaion iail lo koep ~he sa~d prcmii~~s so
nsured, or fod 10 deiiver p:o~n~~~ly any Of said poLei~~s Of inSUrante 10 Said MORTGAGEE, cr t.;il pro:nNtiy fo E~ay fu~:y eny ~zre:ri~~rn thrrefo~ o~ in a:~y
r~~;F _•ct fail ro perform, d~scharye, e,c~~cur~, effect, ca~~pieta, co~»ply wirh and abide by ~h~s cove~~a:i~, or any p.,rt h~~~eol, sa~d h1OR7G ~G'_E neay piacr a~o
for such insu~.~nce or any part th~•~eof w~thou~ waiving or affecting any opi~on, lien, equ~ty, o~ ngh~ u~~de~ o~ 6y v~rtue of ifi~s N.oregaqe, a~d the
!,'I a~~~o~nt of each and e.e~~ such paymant shall be ~mmed~atety due and payable and sh,~i! b~~ar inrerrst fro~,i tha date thcreof untit po~d at fhe rate o~
e prr centum pet anr~~:n „nc! to~_-tf::~r r,ith su:h intrrest sha~i .~e Sec~red by the lien Of thil mortgage.
3. To permil, commit or suffer no waste, impairment ot detcrioration of said property or any part thereof.
S_ To pay a~l a~x! singutar the ceses, charges ar.d expenses, fnduding a reasonable a~~omeY's fee and cesrs oF abstrads of t~tte, incurred or paid ar
r by s.,~d MCR[GAGfE, because or in the event of tha fa~lure on the parr of rhe said h10RiGAGOR to duly, ~~o:r~NNy and f~;iy perfonn, d~scha~ge
cut~, efiect, cemp:ete, co•nply w~th and ab de by each and eve~y the stipulaf~ons, agreements, cond~nons, and covenants of sa~d pro:n~~sory note and ih~s
~,~rrgage any or enhe~, and sa:d cosrs, char~es and e~penses, each and every, shall be imm~~diate~y due and payabic; whr~her or not thr~e be nor~~z da
.,•:d. atte•~~p1 ~o co+icct ot suit pend.ng; Lnd t~e full amount of edch and every such paymeM shaff bzar u~t~rrst from the dafe thereof until paid at lhe
~~~~.~e pr~ c..n~~~n y~v a~i~w •r, au sa~d wsts, charges a:td ex:;er.ses ~ncu:red or pa~d, toyather w~th such mterest, shail be sxured by the ~~en of th~t
,~••ortgage.
6. ihat (a) in rhe evcr.t of any breach of fh~s Mortgage or default on ttw part of the MORTGAGGR, or ;b) i~ the event any of sa~d sums of money
i~~rein ~e4erred to be not pro~nplty and fully paid with~n thlrty +301 days ne~t a!a:r the sanee secera'ty becvme due and payable, wnfiout demand or notice,
c~ ~,cy in fhr event each and every the stipv,ai~ons, agreementz, condihons and covenanfs o1 sa.d promissory note and th~s mortgage any o~ e~ther a~e no~
i.~.y, promptly and 1~~ly perfonned, d.scharg~~d, execured, effected, comp:eted, compi~ed w~~h and ab~drd 5y, then in e~ther or any such event the sa~d ag
~•.;gare sum mem~o:~ed fn s3~d promissory ~i~tr then rema~ning unpa~d, wi~h inTZre,t aa~ued, and atl ironeys secured hereby, shall brcume due and pay-
su e forth~v~th, or Thereafrer, aJ the opt~on of said MORiGAGEE, as fully and completely as if all of tl,~ sa~d svms of money were or~g~na+ly s~~p~~ated
c: be pa;d on such d.:y, any~hing in ia d pro~n~ssory note or in this tilortgage ro ~he conirary no~N~~hs~a~~d~~~y; and ~hereupon or ffierraftrr at ?he opt~on of
s~.d MORtGAGEE, wahout nonce or drmand, suit at taw or in equ~ty, the.elore or thereafter begun, may be prosecuted as if all moneys sewr¢d hereby
n. d matured pr~or to ~ts insuw~~on.
7. That in th? event that at the beyinn~ng of or at any t~me pending any su~t upcn this Mortgage, or to foreclcse it, or to reform it, or to enfo~te
E i;me~t of any tiafms hr~eund_r, said RSURTG.~GEf sha;l apply to the Court hav~ng ~unsd.u+on th,.aeof for ~h~ appo~nrn.em oi a Receiver, such tourt ahail
t.. rl:w;th apcotnt a rece~~er of said mortgagcd properry a~l and singu(ar, inc;ud:ng ai! ae,d sh,~ular ti e~r.co+ne, prof~ts, issues and rerenues fram whatever
s.~ce darived, each ar.d every of wL.ch, ~t be~ng express!y understood, is he~eby mertgagrd as •f sE:ec:ficaity set forrh and describ<:d in the g~anr~ng ar.d
i: endum c!auses hereol, an~! such Receiver sh3ti have atl the broad a~d effecnve f~ru cns and po~ers :n anyw~se en~rusted by a Court to a Reteiver, and
s ~h appointment shail be made oy such Court as an ad nitrrd equit•y and a malter of absoiure r!ght to sa;d MORTGAGEE, and wiri~cut reference ro the
.::a~acy o. inadr~;~aty of ti:e vat~e oi the property marfgaged or to the so.vency o~ ~n<_c~+ency of said /hORiGAGOR or the defendants, a~~d that such
~s. profrts, inco,ne, ~ssues and re~enues shafi be app~~ed by such Rec~iver accord~ng io the Gen or rq~~ty of sa~d b10RTGAGEE and ~he practice of such
C~urL
S. To dv1y, prompr:y and ful~y perfo~m, dis:harge, execute, effect, complete, co^:p!y w~rh and abide by each and every the sSipufations, agreements,
.;nd;i~ons and covcnanrs ~n sa~d pron,~ssory note and sh:s morrgage set forth.
9. That in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in a Qerson other than the MORTGAGOR, the
: ~RTGAGEE, its successors and ass~gr,s, may, w~rho~e nonce to the MORTGAOR, dea~ wrth such s~ccessor or s~ccesso~ ~n ~nrerest w+th ~eierence to lhis
•_•!gage ar.d rhe d_ut hereby secured in the same manner as with htortgagor without in dny way vit:ating or d+scharging the Mortgagors' liabil~ty here-
_:ier or upon +he drbt hereur sewr~d No sa!e of the Fremises h~reby rr.ortgaged and no forbearan~2 on the part of the 1J10RTGAGEE or its wccessors
ass~gns and no exse~sion of rhe t~:ne for thr payment of the debr hereby secured given by ~he ~hORTGAGfE o~ its successws or ass:gns, a:~a!I operate
~o re~ease, d.scharge, modify change or affect the ong~nal liau:l~ry of the MORTGAGOR herein, eithe~ in whoie o~ in part.
10. It is speuficaliy agreed that time is oF the essence of ihis contract and that no waiver of any ob.:gai~on hereunder or of the ob!igat;on se-
_~red he~eby shalf at an~ time the~eaiter be he'd to ba a wairer of the terms Fereof or of the insrrumenl secured herby.
1 t. tn ;dd T;c.i to the farege rr,onrh'y paym_nts of pri~c pal and inrerESt requ~red by the ptom sscry no'c sccured hc+eb~, mortgs~or eovenants
~ agr_•es pay to rnorty=_g~e ve~th each monrhiy payr.,ent an adJ~r;onal sum est~n,ated by morsgaga~ te be equal to 1; 12 of t:ze annual cost of the fo~iow-
A-Ail real property tax~s le•rnc,~'. or assessed ag3i•~st thc a6ove described rt•al e:tate. ;
6 P~~~r:,u =~s on f;re and v.irdsrorm insurarce as here~n requ:red to be car.~c•d en th~ !=nprovements s:tvate on the above desczib•_d premises.
C-Pre~•~~u~~ s on ;uch rt:cr7y;;ge guaranty ir.sura~.ce as mortgagee sfiall fro~r, t.r,ie to time deem fi? to ca~ry on the loan sccwed he.E6y.
1~lortgogee sh,,:! .'rcm t~~ne to ~;~.:e ~~c~4~ mc~tyager ~n writ~ng of the amou~t dv~ and payabte he~eundrr and such w~T~ si~ad tharcupon be due and
,.+b!e o~ the d~z cr.;~e ei tFe n._-~t month:y paymc~t and each suuessive month thereafter uctif mcrtgagee sha!! Rotlfy mortgagor of a change in such
,~nr. Such s~ms s!-a,i be apF~.i~•d e~y morigag_e rov,ard the payment of rea! property taxes, ~nsura~ue prem.vms, a.~d mortgage g~aranty insurance
, 't•nuum5.
IN \'1lTtiE~S ::NERzOF, she sa~d MORTGAGOR has he:eunto set his hjnd and seal the day and year first aforesa~d.
S~gned; ated ar.d e~ivered in the ese~ce of:
FILED t.ti: - s;URDEO •
~t ST. LUC~" }U4TY FLA. ~~~1"77 (SeaQ
- : -=~-~AS ~ Thomas J. Rhodes, Jr. ~~a~~
CtF.rf. ~-c~~~~ a sinQle adult
4 : (SeaQ
- - - - - ($eai)
~":.TE OF FIORIDA 3~ ~ O3 ~H L
~ ~:'J'JTY Of _ St
~ ~UC le ~~~~v •
Before me personat;y appeared _ Tt10iR2~5 .1. Rhodes, Jr . a single adult
_ Iw?wi~e~. to me well known and known to me to be
~ ind~vidua~ dcscric:-d in and who executed the foregoing instrument, and acfcnowiedged before me that jh~ eaecuted the same for the purposes
~~e~ein expressed. Ondlhe..s~~d
a.•i~ef-tM~~eti _ - _.ropow~s-sepsrrteewd-priwM~e
~.~mwa?~ws.~y~.+w~ta+rA aepara~~ ~~-aprtfsow~.be~ ~aid-Fw~b+rNlrsckn~wi~dj~d.t~ rwc~beio~e-rwc~.t3~a? ~'tK-ewrrtwwl.~ii ~n?!ww+~n? i~~eiy~and woiuw-
w-ewd- w~F»er~ -ew+r eaw pu:sier?,-ce~~?~?~r ~epprc-F~e*»~err,~fear ~F er f*o~r~-f+era~id i~esb~n~
Y1ITNESS my hand and off~ciai seal this._ ~ June f'~ f
day of A_ D. 19
~C~° ~-~3_-~
Notary P c in and !or t State of Florfda et l~e
Return Tc: My Co ~ssion expires: L~ / p~.S
First Federal Savin~s 6 toan A:soc~af:o~ N07APy ps~a+ ~r ST~iTE OF F~ ~1R1(~q A
nf F~_,•t C. tdY ~r:~~.~~_....nv EY.F!'r2~S A~1^: T lA(t(~
r~:: c~ •,a. F:~_,:~~,
Q~NERAL tNSURANCE UNDERWRITERSl j~
This Instrunient Prepared By John COllfriS
First Federal Savings 8 Loan Association
of Fors ~ierce ~ Floxida
Ch~cked By ~ - - - `
~OJ PA~t ~U 1 U
1.~
T ~
~ - ~ ~ ~
~ ~ = ~
'""~A~~,~~ s . ~'1.:. ~~~a~4~.- -x~:~"`~~