HomeMy WebLinkAbout1923 3. To p!ace and continuouily keep on tne bui!d~ngs now or he~eaiter s~t~ate on sa~d land and on ail cq~~pmeM and persona~~y tovered by th~s mor
nge, w+th ali prt~:~:~ums thercon pa:d in fufl, fite insuronte in the usuat standard po4cy form, in a sw» approved by Ihe MORii..AGEE, aod windsto
:~~zur:,nc~~ in thc us~a! standard pol.ty furm, in a sum approved by the MORTGAGEE, in such company or compan~es as the h10RiGAGEE m
~~r~•ct; and all• Gie ar.d w:ndstmm ~nsurance policies on any oF sa~d buitd~ngs, any interea~ therz~n or part ther~of, in the aggrega~g sum afoiesaid
excess th~•rroF, shall :onrain the usva! star.d:;rd mortg3gae t~ause o~ such o~ha~ dause as the Mortgagee may requ~re, ma?ing the ~oa~ unde~ sa~d po
c,as, each and e~e~y, pa;.~b!e ro said At~RTGAGEE as ~is ime•ett may appear, and each and every suth po:~cy aha11 pe promptly assgned and detiva~ed '
eny h~•~d by s3~d l:,ORIGAGif es iw~har s_c~rity ~o sa~d n~orrgage d~bt, and, nor less lhan ?en (103 d3ys in ad~ance ai the exp~rahon oi each polity, to d.
;.er to sa~d !AORSGAGEE a renew~l thereof, ~oge~her wi~h a rece~pt for the prc~nium of such renewai; a~id there sFwll i~e no f;re o~ wi~~ds~orm insuranc
p'.ated on any of s.~~d bvi~d.•~gs, any int~~resf the~e~n or pan th~reof, un'eu in the form a~id with the Iou paydb!e as aforesaid; and in the evenl any Sun
cf mo-~ey L~•co•nes payab!r undrr wch pol~cy or poGcies said h10RiGAGEE sfiaH have the opr:on to ~eccivr and apply thr same on account of ~he i~~drbsed
~css S~~.ured hr~eby er to perenit said MORTGAGORS to receive and use it p~ any part th•~:eof tor o'ii•,r ~:wp ~srs, c.ni+o.:t th ~r,:~r .va~~i i2 cr ~~:,p.,ir
~i~9 ~ny equ~ty, i:en o~ right under or by virtue of this mortgaga; and +n the evenr sa:d h10RTGAGORS sha!I for any rzaton fail to keep the said prem~szs so
:~sr.ed, or t.,il to delnrr pro~nHtly any of said po6eies of insuranee to sa~d A10RTGAGEE, or foii p:ompHy to pay f~fty any pre~~~~~m the~ato~ or in a~y
r~~s;~cct f~~i ro perform, d~s:h~rge, execute, e(fect, complete, co:nply wit6 and ab~de by this covenanf, or any p3rt hareoi, sadd MGRTGAGEE may pface a:+d
fcr suth ]nsur,n~e or any part tharcof wi~haut waiving or affe~ting any option, lien, equ~ty, or right undcr or b~/ ~viit~e of this Mortgage, and thc
~I a~nount of each and c.ery suth paymanl shall be immcdiately d~e and payab!e and shall bear interest from Iha date thereof umii poid at the rate o1
~e pcr c_nru•n Fer an,~~e~ and to~~thc~ ~n~th such inrrrev sha;i bz seiured by !he lien oi Ihis mortgage.
4. 7o pernt~t, tommit w suffer no waste, im~airment w deterioration of said property o~ any par? thereof.
5. To pay all and singular the costs, cha~ges and expenses, including a reaso~able atto~ney's fee and costs of abstracts of title, incurred or paid at
; t~+~r by s.,~d t,'tORi~;AGEE, because or in the event of the fa~lure on the part of ~he said MORTGAGOR to duly, pranptly and fulty perform, d~scharge.
,_c.:ra, ~frecr, ce~np;ere, co~rtply w~th and ab:de by each and every the stipulat~e~s, agrerments, conditions, and covenanrs of said p~omissory note and th~s
~'19~J~ d~~Y o~ e~~her, and sa:d costs, charges and expe~ses, each and every, shatl be immed~ately due and payable; whether w not there be notice dr
d. ~tte~:~pr to co,:ec? or suit pe~~d.ng; and the full amo~nt of each and every such payment shal! bear im~rest from the date thereo! until paid at the
c~ ~,~:,e per c~~~::um ;.ar an~~,,,r, ~nd all said tcsts, charges and exaenses irturred o~ paid, together w~~h such interest, shall be setured by the lien of this
~r:o•~gage.
6. That (a1 ;n tha event of any bieach of this Mortgage or defautt on tF~ part of the A10RTG~GOR, o~ (b) in !he evenf any oF sa:d sums of money
!.~rrin refarrad to bc i,ot pranNi;y and fully paid within th~rty (30) days next aite~ ~he sa~ne se+era!ty beto~ne due and payable, without demand or nmice.
-,c't in thr everit e;ch and every the stipulations, agreements, condltions and covenants o4 sa d promfssory note and th~s mortqage any o~ zither are not
iv:y, prompNy and f~liy perfo~mc~d, dscharg-d, executed, efleUed, completed, compl~ed w~rh and ab~ded `ay, then in e~ther p a~y a~ch eveM the sa~d ag
r- jare su-n mcnhon~d in said pronussory ~sote then remaining unpa~d, with intere;i accrued, and acl moneys secured hereby, shall becoms due and pay-
forrhw;th, or rh~raa~te., at the opt~on of aaid MORiGAGEE, as fully and comptereiy as if ail of rf~e said sums of money were or~gi~stly suputated
' pa:d on such d:y, anything in sa:d prom~ssory note or in this Mortgagr to ~he conrrary ~ot.v~thstand~ng; and ~hereupon w thereafter at the opuon of
s.i r10RT~3AGEE, w.~hout nonce or demand, wit at law or in equity, :here(ore w ~hereaher begun, may be prosecuted as if ali moneys secured hereby
r.-;i rnatured pr•or to ~is instiJVt~ort.
7. Th~~ in ~he event tha~ ai the beginnfng of or at any time pendirtg any su~t upon +his Mortgage, w to foreclose it, or to reform i~, or to enforce
;~.~nent of any c~s~~ns h~reund~r, said IdORTGAG:E shall apply to the Court havi„g ~ur~sd:cron thereof for the appo~ntrneot of a Receiver, such Court shall
-f„vr,h 3;:F a~nt a rccei•+er of said mortgaged property al! artd singu;at, indud.ng alM and Singu~ar the ir.~ome, profets, issues and revenuei irom whatever
~.•ce ~ar~red, e~ch acd every of .vh~ch, it being express!y understood, ~s Fereby morrgaged as ii speuf~cally set forth and deseribed in the granting a~d
e~t;fu~n c.a;,ses her•~of, and such Receiver shall have aIl the broad and efiecrive funtt,ons and powers in any~•~se entrusted by a Court to a Receive~, and
_.t, appc;n~mc~,r sh~ii be made by such Court as an admittzd equity and a matter of absolute righf to sa~d MORTGAGEE, and without reference to the
~~_:c~ or i~,jdeq~acy of the value of the property mongaged or to the so.vency or insoivency of said MORiGAGOR o~ the defe~dants, and that such
-~s, prof~ts, i.,CG~nt, issues and revertves shall be app7ied by such Rece+ver accord,ng to the Iien or equity of sa~d MORTGAGEE and the practice of such
rt.
8- To du'y. prompt:y and 4ul!y perEorm, discharge, execute, eifect, corn~lete, compty w~th and abide by each and every the stipulations, agreements,
d~r:~ns ana co.enants in sa~d prornissory note and th(s mortgage set forth.
9. Tf:ar in nc~ evertt rhe ownership o? the mor~gaged premrses, or any part thereof, 6ecomes vested in a per~n other than ihe MORTGAGOR, the
~~?GAG~ E, ~~s ;uccesscrs and asvgns, may, wiThout no~ice to the ~~tORTGAOR, deai wfth such successor or successw in interest with reference to lhis
_:ga9e ard :he d_u~ hcreby sewred in the same man,ner as with htortgagor without in any way vihatinq or d~scnarging the ldo~tgagors' leability Ftere-
or uron ths d:~bt hereb,r secured. No sa!e of the premises hcreby mo.tgaged artd no fornearance on the part oF the IJ10RiGAGEE o~ its successors
s„g~,s and ^o exre- s[on of :he ~ime for rhz payment of the debt h~reby secured g~ven by the MORTGAGEE or its wccessors w ass:gns, a~wll operate
~ re~~ase, d.scharqe, mod+ty change or affect Ihe oiiginal liaia:l,ty of fhe MORTGAGpR herein, either io whole or in part.
10. It rs s, ec~i~cai;y agreed ~fiat time is of the esse~~ce of this contract and that no waiver oi any obl~gation hereunder w of the obligaYan sc
~~-ed hz:eby sha!~ aT any t;n,e tnereafter be hc.d to be a waiver of the terms hereof or of the instrument secured he~by.
I t. 1~ i e_. ;•o th> forege moneh!y payments of pri:x aai and int~rest requ~:ed by the prom ssory no'e sewred hereby, mortgagor eovenants
i.,g~_es !o ~~y ro ~~~ortgagee titinh each month+y pap~.~ent an adJ,~ional sum es+~n:a~ed by mortgagee ro be eq~al to 1 12 of thz annual cost of the follow-
A--A:; r_a! ; rop: rt, fa, -s Ievied or ass>ssed ag3~•~st the above descr~bcd real esfare.
6 P~:; ~.u ~:s o~ i~r~ and n~ndstonn insurarce as here~n requ~red to be carric~d on the imp~oveme~ts s~tuare on the above d=scribed premises.
C F~~•r:~u- s o•, wch rr.or~g,ae gua.anty ;nsurar:ce as morrgagee shall fro.m, t me ro t~~ne deem iit to carry on the loan sewred hereby_
~:.oreg~:r_..~ r.c-n r.~~~e to f~-ne noi~fy mortyagor i~ wrlt~ng of the a:nou~t due and payable hereundar and such su~~ shafl thereupon be due and
o~ r:~., rl,.• ei ~ha n,~xi month!~ paym~nt and each successive month thereahar until mcrtgagee sha11 notify mortgagor of a change in such
Such s~:.:s si.>.~ ie af=pi,ed hY mortgag-.e toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty inwrance
. • ~.VI`1$.
{"d \'iIT~1ESS :':NEREOF, rhe sa~d MORTGAGOR has hereunto set his hard and seal the day and year first aforesaid.
^ S;gned, Seated a~d delivered in the presence of: ~
` ~ ~ (Seah
C' ~ c E ar 1 L. St oke s ~~ni~
r- -
_ ~
(Seal)
Mamie o e Stokes ~ ~~a
=-•>?E OF fLORIDA ~
$L . LUC 1Q S5.
U'~TY Of ~ (
Before me personally appeared Earl L, StOkeS a~
Ma[Ille Joyce StO~CQS hes wife, to me well known and known to me to be '
~;nd;v~duais descr~bed in and who executed the foregoing inslrumeM, and acknowledged before me that they executed the same ior the purposes •
~'~^•e~~ expressed. And the :a~d_ ~amie Joyee StO~CQS
. ~ of rhe sa~d E s?r 1 L._ Stokes upon a separate and private
nation by me ta~en sepa~ate and apart from her said husband, acknowledged to a~d before me that she exetuted said insuument freely and vofum
~ and w~thout any comp~Ision, constraint, apprehens~on, or fear of or from her said husband.
WIT?lESS my hand and offit~al seal this__. 2~th day of Au USt A p: 19 72
' ~ LL _L ` .G-L ~ ' s
• Notary Public in and fw State Fiorida at Larg~ -
' My Commission expires =
RCiVrtl 10: ` ARY ~BCtr,. STaTf offtO~tpA af UP,~C,
~~rst Federal Savings 3 loan Associ~t~on My ~n•..•~- .C; .
_ . ~ `_'C . 29. ' 375 ~
Oh i~rT P ~ -ce. tSur.0e0 . ~ , ~ . „d :inCer:.~:ter~ . .
F.^.rt Pr•~ce Ficr.c/a
fILEO ar~G gEC4R0Ee
S~. LUCIE ~~UMTY ft~. ~
aGGi R :O~TR~S
This Instrument Pre ared 8 CIERKr:Rrt`~TCOURI
P Y J. H. Rober t s, .~EtO. ~ v. 0.._.,~._..
Fi~;t Federal Savings & loan Association
of Forr P~erce , Florida ~ 1~ 9 19
Check~d By 2~63 !~i 0 R
~QOK205 FAGE1923
15
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