HomeMy WebLinkAbout2343 J. To ~.'._~c.• .~•.d co~~t~~~vo~s~y keep on the :~u~:d~~gs nox or hrrrafta~ s~tu~te on s~~d ~and and on ~•q„~p~nent and pe~sonal~y coverE~I by thi! mw
a9a, w,~h a11 pro s th_reon ~~a J~n full, 1~~e i~~surante in the ~su~l sta~~de~d ~,~o:~c~ for~n, in a s~~n aFproveJ by th: htVR~v%.viE, and vv~»d;to
!~~sur.,nce in th~-, vs..aJ s•ar,d.~•d E.o: cy term, in a suif~ apF,rovcd by tha MORTGAGEE, in such ton,pany o~ CO'n~:an~2S as thr JItO~TciAGEf m
d reU; and ati Gre a:.d ~ti,n:.+ztorm inwrance po:~c~es on any o~ s3id bui'd:~~gs, any inter~st iherein ot part the~uof, in the aggr~gate su~~ atoresaid
~n eacrss ~h~•.,:af, s'u!1 ;ont,~n the usu..l s+a:~d,rd mon.~,g~~e c,ause or such aher c~ause as the l.lortyagee may req~.re. meliny the ~oas unJ~~ sa~d po
c_•s, r~;h a•~d e:ery, p3,,::~'r to sa~d ,\10RTGAGfE as ~ts int~r~~si may dppear, and each and e:ery svch p~',c~ shall be p~om~~~y assgr~~d a~~d da~~v~rrd ~
.j~~ h~•~J 6~ s.~:d ::,02';,AGiE as iwiher secu+ity to sa~d +~:or~g,ge d~bt, and, not less than ten (10) d.~,s i:~ ad.,nce oi the expuanon of eech pot~cy, ro d~
„~er to s.,.d `.tOR~G:.G;E a r..~n~r.at th~r~of, togeiher vc~th a rece~pt for th_ pr~mium oi such rene~ai; a:~d thrre sEiaH ba no Lra or wi~~dsrc~m insurarc
F:.,crd on ery uf s~d b~~d.•~gs, any ,nrerest th~~~e~n or part eh~~reef, vnless ~n ihe form and w;th ~he ~c5s p.+y~6!e as afc~esaid: and in the e+ent any wn
ot mc•~ey b+~~o ~~.~s p.3ysb'e ~.nJe~ s~ch policy or poLues sa~d !'SOkiGAGic sh:+l! ha~e ~hr o~.ron to rec•,~vv .,~~d ap~:'y t~~a sa~ne on ac:ount of ~he indab:~•d
•:ss s~:.r~ci i,~,.._b~ cr to pc.r•„~t s3~d ~AGRTGAGORS tu ree~•~ve and use it or a,~l ~.-~t ~h., .,oi ror e•;. • e.:,r. ~,:s. ~~t :fi ;,r ,,:a;.~r
:n~ any equ tr, !~•n ur r,31,~ ~~:d.,r or by virtue o! this n:c:~yage; and in the evrnt sa d M~Jiti(~AGORS sh~!I `or any r~ason~fail to k~•ep the :a~d premis:s so
nsur• d, or f.,~l to d_'~.cr pfo~~~~,tl~ any of s.~~d {:ol:cirs of insura~ice to sa:d NtORiGAGtE, or f.,:: p:on,ptty to pay tu~:y any prrn,~,,rn tneretor or in a•~y
_,.eu io;! ro pvr.";,~~:i, ~f,>,h~~;~~, ex.~cu!a. elie:t. co~nplete, co,~ply wi~h and ab~de by th~s cova~unt, or any p~~t h~•r~ol, s.~:d !.1c=.RT',',AGEE ~nay p~ace a~o
4.,r s,.ch ~ns~r ~r,ce cr any part iherruf w~fhout Haiving or affecting any opt~on, I~rn, equ!ry, or n~hr undar o~ by vut~e of th~s Alortga~e, and thc
•;;il .,~:,ou~~t ef ~,,ch and c.ert such pa~n:~nt sha;t be ~~nmcd~atety due and payable and Sha~! bc3r inle~ist hwn Ih~ d~te th~rcOf until p~ld dt Ihe r~t2 01
c ~,rr c_r•„ n ~.~r to_,:il,;; w~~h suth inte•cst s!~~~, be s~cured by the Sien of th~3 mOrtgage.
d. To perrnit, commrt or suffer no waste, ~mpairment pr ditericrat~un of sa~d property or any part theraof.
S- To ~~.ey a I and s:ngu!ar the costs, charges and expe~~ses, indud~ng a reasonabte attorney's fee ar.~ costs of abstracts of t~tfe, incurred or paid at
by s_~~d :tGRiGdGEE, lxcause or in the event ot th~ fa:wre on the pan of thr said h1pkTGAGOR to d~ty, pro~~:ptiy and FuUy perform, d~scharge
._;.:r~•, e!iect, ccn,H:_~e, co nply µ~~f~ and ~b d~ by ea.h ar,d every ~he st~pvia~~ons, agreen,ents, eo~diGOns, and co~enanrs of sa~d pro~ni;iory note and this
-'~y~~_ any o~ ~~it~er, a::d s~.d costs, charges and e~penses, each and every, sha~l oe immed~atrly due and payaL•ie; wherher or not thrre be nonce d>
.,'r_ ~+>t to co.~t~c+ ur s~it p~~id.n9; and iha fuit amount uf each and every such paymrnt shaN bea* intarest irom the date thereof until paid a1 tF.e
•-~:+:c' c;r :.-n:~•„ F.•,r <~•,~~:.~,; ~::,d•„~1 sa~d ccs~s, ci,ar~~•s and ~xpri~s~s hxu:red or pa~d, toy~•~her .v~th svch ~nre~est, shall be secured by ~he I~en ot ihis
":orty~3e. •
b. Tt:st ,a? in thc event o! any breach of lhis Mortgage or defau!t on ths part of the 610RTG~GOR, or ;b) in the event any o( sa:d sums of money
~n rrf.,~<<.,.i ro L•~ ~..;t E rc••.F~r;y and f.,lly pa~d w~rh~n th,~ty ;30! days neat a•r•_r iF,e s:sr,e sc:era.:y teco~ne d~e and payoWe, without demand or notice,
- .1 ~n th, e:ent e:,ch and eccry the Stipu~ai~oni, a3tc;:mznt5. Cor.dr~ons and covenants of s~ d pro~n;ssary notc and ~h s mortgage any o~ either are no1
1,'~•. ~;•o-•,ptiY ,,,~,3 f;;:,,; r~rtormrd, ds:harg:d, e~ec~ted. eitect~-d. completed, compi~ed w~~h and ab.d~•d 5y, ~hen in e~ther w any wch event the sa;d ag
3='~' S~'~~ ss~d pro~n~ssory ncre then ramaining ~npa~d, w:~h intr~e,t accrucd, and a~t moncys sec~red hereby, shall become due and pay
: io,:h.v +h. c~ rF;,.; ~.,:r_.,, ar rhr opt~on o+ s.,~d htO~TGAGEE, as f~iiy a~w~ co~,p'e~r.y as if a',1 of t!,r s~:d s.,ms oi money were or~ginaily st,pu;ated
d o~ s~ch c..y, a~~,Th;r.g sa d pro~n ssory reve or ir: tnls P.lortga~•r to th•_ contrary not.v~thstand::ig; and ~hereupon or thereafter at the opf~on of
,,i ,'rn.QTG,".C',iE, r.~;ro~,+ ,,o•„~ o+ den,and, w~t at Ia•x or in equ~ry, rhrreio~e o~ rherrairer bryun, n,ay be prosec~ted as if all moneys secured hereby
d~n,:'urecl p;r tc rts ~nst~tu<:on.
7. T?:at ~n t~~e e;ent ri„! ar the begirn;ng of or at any t:~ne pend~ng any su;t upon rh~s llortga3e, or to foredose it, or to ~eform if, o~ to enforce
enr et any c~~•~.s h~~re..~d=r, sa~d t.•,pRTGAG~E sna~! app~y to rhe Go,;rr ha.tng ~;;r~sd.r.:on rhereot for the appo~ntment of a Re~eiver, such Court shail
' >c a~.c_•;~er of sa:J ir,o~tgay_d proprrty ali ar.d sing~lar, includ ng a~~ a~~d s~~~gv~ar ~hz ic~ore:e, profits, issues and revz~ues from wha!zver
;.~•r~:~d r.:~h 3,:~1 ~very of ~,h ch. 1t being zxpress`y underi!ocd, iS hereby mOrtgagtO as if spec,fit3i:y set fo~th and desCribed~in the 9ranting drtd
;;J,.r c,,_:s~~s h.•,;•~~f, a~ ~ s~c!~ Recei.er shau have ait the broed and effer~ve funct.o~:s ar,d por:ers in anyw~se entrusred by .a CO~rt to a Receiver, and
s+~ ~ ~,r st~ c.~ ~e, .d.: by such C. ~~rt as an a~+ ~iitt~-d eq~rty a;,d a rnat~er oi absowfe r:yht to sa;d A10RTGAGEE, a~d withou? refere~ee to the
:=.i---~ ~~:3d-• aJa;, ui it _ va!~~e of fhe proprrty mongaged or to me s~.aancy or ,n;c .er,c/ o! sa;d f.SCRiGAGOR or the defendants, and thal such
• •s. ; roi.r;, li,cc.~:e, ;ss,;,s and re•~e~:uez shail 6e appiied by such Receiver ac;ord~ny to the iien or rquity of sa:d MORiGAGEE and the praUice of such
ll~.;urt, -
y. To ci.,'~, ~~c•,:; •'y ,~,d fu:~y perfo~m, d~scharge, execute, effect, compfete, compiy w~tn and abide by each and every the stipu:a>ions, agreements,
i e,c..s a~ ,1 cc:c~ ,~:r. ~ prom~ssory note a~;d th:s mortgage srt lorfh.
Tt,~! In at,~ a~•t thc ov.nersh;p of th~ rnort~ag~d prem~ses, or any part tnereof, becomes vested in a person other than the 1dORTGAGpR, the
:`RTG=>G:c. ~+s se;:c_ss..,-z ocd ~ss~grs, may, w~rhout ~,o'~ce to the :'~ORTG~OR, deaf w~th such s~ccessor or succeisor in interezt with reference to ihi~
:'ga~r o~ d•! r dh,f t:~~cby s~-wrcd in the same mann~r as w~th h•tortgago~ witho~t in aay way vit'.ating or d~s:harging the /.lortgagors" liabii~ty here•
cr u:::n ~i,c d.•:;t ~,_•r" , 5~,~,..d_ No sa:e of tl;e F~e•„~s~s h•:reby +r,r.tgaged ard no forbearan~e on the pan oi the /AORiGAGEE or its successors
~s> _3~~s d•~o ean_' s~o•~ ot rhe t,~n.: fur thr payn:e~~t of tke deb+ hcre~y secured given by the 1'.tiOR1GAG:E o~ its svccessors or ass.9ns, a~~all operate
r~• _„a, d s:h,rge. r.:d,f~ ~h,,:ge or affecr rhe or~g:rat I;ab.~ny of tFe M,ORTGAGOR F.err~n, e+ther in whoie or in pa~t.
1_~. If +s s:,~ c~:.~,~y .:o•eed ri:~+ t~~n~ ;s of the essence of this contract and that no waiver ~of any ob.~gat[on iiereunder or of tha obligation sr
:.,~_~d h_rebt s-a aT an; ri° e rh=reaf~er be held to bc a~va~ver oi the terms ~er~f o~ of the insrrvmem secured he.by.
I~, . ro-:qc ,~.orth'Y i:~'i'1'=rrs ef p:in: ~al and inr,~rest requ:rcd E;~ th~ prom ssc~y ne'~- sc:u•ed he~eb~, morTgagpr eovenantg
:i _._s ,.,,6 r,ch ~:.en~h y pa,:. e~~~ ar. adJ~~;onal sum ~~s;~n,ered 6~ mor~yagee to be eg~al to 1. 12 of the annual cost of the foiiow-
;
p.• . , r3..~s Ir:~. ' o• ass,s~_d ~ga~•:st th~ ai.ove desc,~~cd ~_a~ esrare.
~ + , : e.: • . :~::i ~ds'o•.n ~rs~~.~r ro as Fe'e~n re ~:red to bc tarr.~- ~
4 d c~, the im~ .ovemclts s,tuate o~ the above d^scr;tied p~em~ses.
- r. ~-r~ ..^r guar~r.ry icsura~ as ~Tic•tgag~e shall frc•^ t rr,e to t[~nc. deem ift to carry on the loan sec~red hereby.
~ j•-'<' . r t. •~e ~~cr,f, mcrr_,.ge. .n ,r,rit~ng ef th~ a•: o;:~r dr~ and payabfe hereund:r o~~d wch s~~~ sh.ait thercupon be due and
- _ r r~ _.r ° o•,rf~i~ F.a~ma~~t a,~d each suress~~e -.~o•>>h t}~~•reaft:r urnit mcr;gagee sha!I not:fy moargagor of a change in such
.,.:~1 s s ~,y .~,~rtga_ re to.vard the payment of rea; p.cperty taxes, ins~ra:zce prem.ums, d.~d mortgage guaranty insurante
. ~,,~"s.
:~~?'~EjS .•,HER~OF, me sa~d ti10R7GAGCR has hPre~~ro ses h~s ha~.d and s•~al the day and r first aforesaid. ~
S gned, Sea'ed and de'ive. 'n Ihe preience of: ` / ,
~ = ` - , Seal)
- _~meS Pltt n ~~a~~
, - Z- - - -~--t-~'2"1'~ y, ~~f~-f.y--r- (Seal)
~ Leona Pittman ~~a~~
, ".:iE O~ FLORIDA ~
.,';TY OF S't . I.LIC 1@ SS.
- ~
Before me personjJy appeared _~~e5 Pittman
, - - and
POI)~ P1ttID~I1_ his wi(e, to me weli known and known to me to lx
! ~.~d:~:~;~-.a:s descr;c.~d in and who executed the foregoing instrument, and acknowledged before me that they executed the s3me for the purposes
~:•e~n ex~~essed. And rhe said_ LQOIIO PIt'tID811
c of !:,0 5,~.~ _James, Pittman ~Po„ a sepa,ate and p~ivate
ra,~~n se;.a~ate and apart from her sa~d husband. acknowledged to and before me that she eaecuted said instrument freely artd vOtun-
- y a~ d :i;o.~s any :o~;,,olsion, cor.stra~nt, appy~s,on or fear oi or fram her uid husband. . .
::iT`~55 •..v ha.~d and offic!al scal sh~s_ day of,~_ _ Au9uSt q, D. 19~~
~ . „
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' ' otary Pub~ic in and for t tate of ida at Large ~
, My Comm~ss~on expires: ! " -
Re~~~rn To: „ ~ _
' SOTAR" " ~ :i
F::ar feti-~ral Sa:~:~3s 8 lo3n A:scci~t.on -
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ichard K. Kayes C~~~~ v. ~
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cf Fort P~erce ~ F'lozida 33450 ~ p4 ~~y 1
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