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HomeMy WebLinkAbout0150 J. To pl~c~ a~d con~inuously kHp on ih~ buitdinp~ now a Mr~a(t~r ~itwt~ on said I~nd and on ali eqvipment ~nd pertq+ally tov~r~d by fhis mal¢ ap~. with ~II pr~miums ~he~aon pa~d ;n futt, fir~ insu~~nc~ in ?Iw vsval itardud policy faa+. in ~ ium ~pprored by ~he AhORtGAGEE, ~nd winditam 4uwancs i~ 1M utwl atandud pol~cy fam, i~ • sum ~pprov~d by 1M MORTGAGEE, in ~~ch tompany w tanpa~iss as tl» MORTGAGEE may d~t w+d all tir~ and w~nd~arm insuranc~ polici~s on ~ny oi taid buildirpa, ~~y in1~r~~t 11wr~i~ or parf thtr~of, in th~ a~.e9aie sum ~faesaid a M~xteW Ih~rwi. ~l~al! conrain ~lk usual s?~ndud mw~payte tlava w~uch aMr claua~ ~s ~M Matqaye~ may ~eq~ir~. makinp th~ losf unde~ si+d po1F cia. ~ach and ~vr~y. paYabl~ to sa;d MpRTGAGEE as ~ts tntere~t may app~a~, ~nd each and wery s~ch policy ~hall b~ promptly au:~ncd and delivered ro sny held by said MO~itGAGfE ~s iur~F~er secu?ity ~o said morrqay~ deb+: and. no~ ku than ts~ (10) d~ys tn ~dvance of ~M expir~tion of each policy. to d~ livK fp ~aid MORTGAGEE • r~newal thereof, topetM? witA • reteipt fo~ the ptem;um of such rsnewai; and the~~ ~hall bt no f'ue or wind~~or~n insursntt p~~nd on ~ny of said bvildin~s, ~ny inte~esl the~ein ot part thereof, unleu in tht torm ~nd witA ths lou payabl~ a~ atoretaid; ~nd in !M ~vsnt any ium oi mon~y becom~s payabte w+der iuch policy a polici~s faid MORTGAGEE ~hall Mw ths opt;on fo receive and apply tM same on accoun~ ot the indebted~ neu secu~ed hNeby o~ to permit ~sid MpQTGAGORS to reteiw u~d uN if or any parf thereof ior other purposes,~ wi~houf thxab~ wai~ing o~ anpair- iny +ny equiry, lie~ w right w+dw ot by virtw of this morrQapej ~nd in t}N svent said MORTGAGORS shsll (or any reason fai) to keep the aid premiies so iniu?ed, a fail to delive~ promptly ~ny of said policka of insurance to said MORTGAGEE, a(ail promptly to pay fully s~y premium therefw a in any rsspect fail fo per(wm, diuh~~ge, exetute, e(fect, comptete, comply with ~nd abide by ihit rnvenanf, p any pa~t he~eof, said MORTGAGEE may plsce and paY fw such insu~ance or ~ny part thereof w~~hout waivinp w ~ffectinp a~y option, lien. eq~ity. a~ight under a by virtue of tF,is Mortgage. +nd tF+e full ~mouM of each and ev~ry suth payment shalt be immediately dw and payabla ~nd shall beer interest from tFe date ~hereof until paid at the ~ate o! nirw per centum psr annum and to~ethei with such interost sha~l be secured by" ths lien of thii matg~ge. 1. To pe~mit, commit a suffe? no waste, impairmcnt a dete?aration of said property w any put thereof. ' S. To pay all and sinpulu ths costs, charyes and e:penses, including a reasonable attwney i fee and costs of abstracts of title, incurred o~ paid at $ any time by said MORiGAGEE, becauae a~ in the eveM of the failure on the part of the ssid MORTGAGOR 1o duly, prompNy and fully perlam, dixharge execute, e{fect, complete, comply with and eb~ik by each and every the itipulat~ons, agreements, conditions, and covenants of said promissory note ~nd this matyaye sny or ei~her, and said cosh, chsrges and expenses, each and every, ihall be immediatety dve and payable; whe~he~ o? not there be notice do- mand, attcmpf fo co(tect or suit pending; and the full amount of each and eve~y svch paymcnf sAal1 besr interest from the date thereof until p~3d at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, thall be setured by the lien of thu ~ morty~e. - ` ! 6. Tha1 (s) in the event of any (xeach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of satd turtu of money herein refared to be not promptly and f~tly paid within thirty (30) days r?ext after 1he same severally become due and payabte, without demand or notice, or (cj in the event each a~d every the stipulations, agreements, conditions and covenants of sa~d promissory note and th~a morfgage any or eitAer a?e not ~uly, promptly and fully perfo~med, d~sclwrged, executed, efiected, compteted, compl~ed with and abided Sy, then in either w any such evenl the said ag gregate sum mentioned in said promissory note lhcn remaining unpaid, with interest accrued, and all moneya secured hereby, shalt become due and pay- able iwthwith, w ttxreafter, at the option of said MORTGAGEE, as fuNy ard complettly as if all of the said sums of money were wiginally stiputated to be paid o~ suth day, anything in said promissory note or in this Mo~tgage to the contrary notwiihstsnding; and thereupon or the~eafter at the option of said MORTGAGEE, without notice w demand, iuit at law o~ in equity, therefore or thereaiter begun, may be prosecuted as if all moneys sacured he~eby had maturcd priw to its institution. , 7. That in the event that at the begin~irg of or at any time pend;ng any suit upo~ this Nortgage, or to fweclou it, a to refwm it, or to enforp payment of any claims hereunde~, wid MORTGAGEE shalt apply to the Cour1 having jurisdiction the~eo( for the appointment of a Receiver, s~ch Court shall fo.thwith appoint a receiver of said mo??gaged propeny all and singular, includ~ng all and singular the income, profits, issues and reven~ea from whatever source derived, each and every oi whKh, it being expreuly understood, is hereby mortgaged as if specifically ut fwth and detaibed in tFK gra~ting and habendum clauses hereof, and such Receiver shslt have all the broad and effective funct~ons and powe.s in anywisr entr~sted by a Court to a Receiver, and ::,ch appointment shall be made by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and without reference to the adequacy or inadeqvacy of the value of the property mortgaged or to the soNency or insofvency of uid N10RTGAGOR or . the defendants, a~d that such .s renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the p?actice of such Courf. 8. To duly, promptly and tully pe?fwm, discharge, e:ecute, effed, complete, comply with snd abide by each and every the stipulations, agreeme~b, conditions and covenanrs irt sa+d promiuwy nofa and tb;s mwtgage set forth_ 9. Tbat in the event the ownersh7p of the mortgaged prem~ses, d any pa~t thereof, becomes vested in a person other fhan the MORTGAGOR, the MpRTGAGEE, its successors and assigns, may, wiihout norice to the MORTGAOR, deal wi~h such successw or successw in interest with refere~ce ~o this mortgage and the debt hereby secured in the same manner as with Nbrrgagor wifhout in any way vitiafing or discharging the Mortgagori liability herr under or ~pon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE o? its successors o~ assigns and ra extension of the time fw (he payment of the debt hereby secured given by the MORiGAGEE ar its successwi or au~gns, shall ope?ate ~o release, disc}wrge, modify change or affect the original liability of the AAORTGAGOR herein, eithe? in whole w in part. 10_ It is specifically agreed that time is of the esunce of this contract and thsl ~o waiver of any obligat~on hereunder a of the obligstion st c~red hereby ahall at any time thereafter be held to be a waiver of the terms hereof or of tFx instrument secured herby. 11. In add~tio~ to the fwego:ng monthly paymenls of princ'pal and interest required by the promisso~y nore secured hereby, mortgagar covenants and agrees to pay to mo:tgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ! i in~: ~ A-All real property taxes levied or assessed against the above desc~ibed real estate. B-Premiums on fire and windstorm inswar.ce as he~eirt requ~red to be carried on the improverrwtnts situate on the above described premises. C-Premiums on such matgage guaranty insurance as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby_ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum sha11 thereupon be due and payable on the due date of the next monthfy payment and each successive month fhereafter until mwigagee shall notify mortgagor of s change in wch a~nount. Such sums sF.all be applied by mortgagee toward 1he payment of real property taxes, insu~ance prem:ums, and mortgage guaranty insurance p~emiums. - fN WITNE55 WHEREOF, the said MO GAGOR has hereunto set his har.d and seal rhe day and year first a esaid. ~ , ealed d eliver in h prese e of: ~ n ~ S~aq 2 • t W r~nt ~Sc ~ q5 ~G -~~ue..~ P. csNn 3 d ~lr~t„Q~ThC:nn~SUn S~qn~.}~,res 5es0 ~ STATE OF FLORIDA ~ . COUNTY Of $t • WCle ~ C Thoa~~on . , 8efwe me personally appeared . • and LuC~lle ?hn~nsAtf hi: wife, to me~{rv.ll'knpww.and known to me to be the individvals destribed in and who execwed tF+e foregang instrument, and atkrwwledged before me that they 4~vled the safip~ fOr lhe purposes therein exp~essed. Md the sa~d ~eille Tho~ason _ ~ _ ~ i w~fe of the said - 0. C Thosn4on ~~.~,y~d~iate and prrvate examinatan by me taken separate and apart from her said husband, acknowledged to a~d before me that sht esxut~d sMid-inNr freely end volun- rarity and without any compu{sion, constraint, apprehension, or fear of w from her ssid husband. • - v~ , E~7. WITNESS mv hand and official seal this ~fl day of-C~ MdrC~f - fq;' D. 19_~ STATE OF~oemk A aba 1 COUNTY OF _ G ~OWA } ~ i Notary Public in and for the $~1~ ftorid~ tit luye ~ My Commission expires: i'~~(.l:;,~TP.?EctFL'JRiQA2tLARGE ~ eero« ~ perspnally appeared Huev P Tho~nson - „ ~ wr~c5, 1976 Barbara ?ho~pson his wife, to ~ Wer~'~,;~„S~r~~~,~q„~~ {gs~ncs Co~ t the mdrv~duals dexribed in and wFw executed tF?e foregang instrument, and acknowledged before me that they exec~ted the same for the p~rrposes rhereio expressed_ And the wid_ Balbdla ?hoapson wife of the said Huev P T~1pODgpA upon,a~sepwets and privats ~ exami~ation by me taken separate a~d apart fr P her said husba~d, adcnowledged to and before me ti?at she executed said in~triun~nt_fteeiy;snd volurt- iarily and w)tAout any compulsion, constraint, s rehens~y ~ fear of or from her said h~sband. WITNESS my h~nd and official seal this _j-L da of A, Dr 19~_ : ?his instzuaent prepared by fIIED A~~ AECO~tOE Richard K. Kayes S~.IUC~E C' "-a ~ r.~ - ` First" Fedezal Savings aad I.08A ROCER 4 ' Nota P„biK and for t r. ~srs~t{,.~~t,~~, , Fozt Piez~g R~orida 33450 CLERK C~~~ ~~`'•T ' ~y'cwr,'~',o~, e:p;.~s:3 5, Alabaf~ -Ke~{nn o: PFr~RD V~ R1F j R I I:> ' Fint Federal Savings 3 loan Association • ~?~j ~ ~~~t Of Fart P~erte. M~ ~ 4 1 S 1 ~I ~ ~ ~'1~~1 . • . • . ' • Fwt Pierce. Florida 2499'78 ~`+Zj • . - - , ~ ; ~ - - - ~ L.G. + :42~ x5_.'~^ y_~-.~ ' y~ r T,~", p~-~n"3~. , . c~':d~~i4S~`~.