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3. To place and continuousty keep on the bui:d~r9s ncw or herroite~ tituate on s,,id land and on ali equ~pment and personalty cover~d by this mor~g•
ege, with al) premwms thrrcon pa:d ir. full, I~.rc ins~ren<r ~n the wuel srandard W'ity (o~m, in a sum epprueed by the A1GR~C~nGfF, ar,d wintJstorm
in~w~ncd in Me usual s~andard pol.ty (onn, in a wm apy:ro.ad ~y ihe MORTGAGEE, in such twnpany or co~npanies as IhQ MORTGAGEE may
dir«t; and all fi:e and w~ndstorm insurence poliues on a~y of iaid bwid~ngs, any in~e~oe~ therein or par~ ~hnreol, in ~he aggrega~e sum atoresafd or
in eaceu ~here~f, shaU ~ontain ~he uiual srendard morrgagee c~ause o~ ~uch ahe~ da~se as ~he Matyayee may iequ~re, maAing the 1~s~ unJer s.+~d poli-
c~rs, each and eve~y, payable ~o aa~d h10RiGAGEE ai ~eti i~v~rest ~nay appear, a+,d each and every such pofity shall be prompfiy aa: gnrd and dat~v,;r~•d ~o
eny held by sad AIORiGAGEE as (~.rher se.uii~y ~o sa~d mo~~gege deb1, and, not te~s fhan 1en (TOl d.+ys in ad:a~xe of the expuaf~o~ of each policy, to dr
I,ver lo said MORiGAGEE a renewat thereof, toge~her witA a rece~p~ for the p~emium of such renrwal; and there shaU be no i~re or windsto+~n inswence
p~aced on any of said buildings, any iNerest therem w pa~t ?hereof, unless i~ Ihe form end with ~h~ toss payebte as afo~ese~d: a~d in ti~e event any sum
oi money becomes payable under s~ch policy a pul~cies said MORiGAGFE ah~ll have ~ha oNnon to receive and ap;,fy the se~ne on accou~N o( ihe ind~~~rd-
ness sewred horeby a to pe~mit sa;d MORTGAGORS ro recrive and use it w any part thr:>of For o~i~rr ~.ur~.sses, .v~~ho.:t ih:~.:,: or ~~~~p..~r-
ing any equity, lien w right undtr or by virtue of ~his rr~o:tyage; and in the event sa.d MORTGAGORS shall for any reason (ail to keep the se~d prem~a:s so
insvred, or feil to deliver promptly any of aa~d pobties of ~nsurarue to sa~d MORTGAGEE, or fait prcmptly ~o pay fv!ly any pr~~nwm therrlor or in any
rrspect fail to pafo~m, d~scharge, .YCCUte, effect, complet~, compiy with and abide by this_ covznant, or •ny part he~eof, aa~d MGRIGAGEE may piacr a~~d
pay for suth irtsurence or eny part thereof w;rhout weiving w affecting any option, lieo, eqvity, o~ r~gh~ under u by virtue of ~his Mortgege, anJ ihe
I~il amount of eeth a++cl every s~ch payment shall be im~nediately due and payable and ahal~ brar iMereat from the da~e thereoi until p~id af the rate ol
n~ne pe~ centum pe~ annum and tc~rthrr wifh suth inhrest sha~i tx secured by tF~e lien Of thi! mor?gdge.
1. ~o permit, commit or suffer no waste, impai~mer.t o? deter:orahon of said property or any parl thereof.
5. To pay all and singular the costa, charges and e:penses Including a reawnable anwney's (ee and costs of abstract~ of title, in~urred or pa~d at
a~y time by s.:id MORTGAGEE, becawe w in the event of the fallure on ~he pa~t of ~he said MORTGAGOR to d~ly, pro:npuy and fully per(orm, d~icharge_
,xecute, ef(ed, compte~e, comply w~th and ab:de by each and every the sGpular~ons, ag~cements, conditions, and covenants of said prom~sso~y note and ~his
morfgage any or e~Iner, and sa~d costs, cha~ges and eapenses, each and every, shall be immedlately due and payable; whe~her or not the~e be no~rce d~
rr,and, attempt to to11eU pr suit pend~~:g; and Ihe futJ amauN of each and e+ery such paymrnl shall bea~ interest from ehe date the~eof u~til paid at the
oi nine per canwm per an~w:n; anc' ali said costs, charges and expenses inc~rred w paid, togeiher w,Ih such interest, shall be secured by the lien of th:~
mortgsge.
6. That (a) in the evenf of any breach of this Mortgage or default o~ the part of the MORTGAGOR, or (A) in the event any oE sa:d avms of money
herein aeferred to be not prompfly and fully paid within th~rty (30! days ne~t after the same severa!:y become due and payable, wittiout demand o~ no~ite,
o~ icy in the event each and eve~y the st~pu~enons, agreemen~s, :ond~tiona a~d covenants of sa.d promiseory note and th~s mortgage any or e~ther are not
:~ly, promptly and f~lty p~~formrd, d,scharged, exesured, effecred, compteted, com~l~ed w;rh and ab,ded by, then in eithe~ o~ any such event the aaid ag-
qrrgate sum meneio~ed in said prom~uory note then ~e~~:aining unpaid, with interest accr~ed, and al{ moneys secured bereby, shall become due and pay-
eb.e forthwith, or ~hereafier, at ~he opr;on of said MORIGAGEE, as fu11y a~~d toR+pletciy as ii aU o~ the said sums of money we~e or~gina!!y sNp~lated
ro pa:d on such day, anything in sa.d prom;ssory note or in ihis Mortgage to the comrary nmw~thstand~ng; end thereupon w thereafter at the opt~on of
s~,d MORTGAGEE, wirhout nohce or demand, a~it at law or in eqv~ry, thereiwe or tt~ereahrr begun, may be prosecuted as if afi moneys secured hereby
n~d matured pnor to its instit~hun. ~
7. Ihat in !he event That a1 rhe beginn~ng ot or af eny time pendi~g any suit upon this Mortgage, or to foreclose it, or to reform i~, or to enforce
~~yment ot any claims hereunder, seid MORTGAGzE sha~l appfy to the Co~r~ having jur,1d~cnon thereof for the appo~roment of a Receiver, such Court shall
Fcrthwhh appofnt a rece~Ver of said mo~tgeged property alt and :ingular, ind~d~n9 all and s~ngufa~ the income, profits, issues and revenues from whatever
i~u-ce derived, each and every of wh:ch, it be~ng expressly unde~stood, is hereby morrgaged as if spec~ficatly set fonh and described in the gran~mg a~d
h~bendum clauses hereof, a~d such Receiver sha~i have afl th~ broad and effecnve funcf,ons and powers in anyw~se entrusted by a Covr? ro a Rcceive~, and
s-c1: appo;ntrrient sha~~ be ma~e by such Court as an ad~mtt~d rquity ar,d a maner of absoiute r~ght to sa~d MORTGAGEE, and K'rtF1G41 ref~re~ue to the
ed^y~ecy or inadeq~acy oi the value of the property martgaged or to the so~vency or ~nsciven~y of sa~d MORiGAGOR or the defcndants, and that such
~~~~rs, profits, income, issues and revenues shail be app~ied by such Recr~ver accord~ng ro the :ien w eqUiry of said MORTGAGEE and the prect~ce of such
Court.
8. To d~ly, promptSy and fully ~rform, d~s:harqe, ezecute, effect, complete, co~iply with and abide by each and every the stipu~ations, agreements,
condit~ons and covenams ~n sa~d prom~ssory note and thls mortgage set forth.
9. That in the event the ownership of the rr~ortgaged prem~ies, or any part thereof, becomes vestrd in a perspn othe~ than the MORTGAGOR, the
,~,~TGAGEE, its successora ar,d assigns, may, w~~hout notice to the h10RTGAOR, deal w~th svch wttessw w succeswr in interest wirh reference lo this
o•~gage and the debt hereby secured in the same manner as wrth hlorrgago~ without in any way vit:ating or d~scharg~ng the /rlorrgagors' liabifity here- •
:.r.der or upon the deb~ hereby sec~red. No sa'e of the premises hereby mortgaged ar.d no forbearan[e on Ihe pan oi the I,AORTGAGEE or i!s svccessors
er ass~gns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its suctessws ot ass:gns, a~~afl operate
ro re+ease, d~scharqe, modify thange or affect the or~g,nel Lab~lny of the NORiGAGOR herein, either in whole or in part.
)0. It is spec~I~caUy agreed that tirne is of the essence of thii coniract and that no viaiver of any obl~qat~on hereunder or of the obligation sr
c~ red hereby si,al~ at any tlme thereatter be hr;d to be a we~~er of the terms hereof w of the instrument sec~red herby.
11. In aJd o:o~ to the ferego n~ moNh+f F,ay~n_rtts of pri^c pa; a~d interes~ requ~red by Ihe prom~ssory no!e sec~red hereb~, mortyagor covenants
d agrees to pay ro m,orrgagee N.+th each ,r~nrh y paya.ent an add~~ional wm eatin ated by mortgagee to tx eyvaf to 12 ot the aiuwal cost of the foliow-
3
A-A!1 real property taxes lev~~•d or ass~sseci ayai~st the above descri5ed rea~ estate.
B Pr~m~u~ns on firr and wi~:dsto^n ~mv~.,:.ce as herehi req~~red t4 bt• ca~n• d on the ;~r.provements sit~ate an th~ above described premises.
C--Premiur~~s on such mo+t~age yua•arey ~c;vra.,ce as n;ony:~gee sha:l from tme to t~me deem fit to carry on the ioan setured hereby.
Mortgagee shelt frcm tl~„e to tfnie not~fy mortgagor in wrinng of the amovnt due and payable hereundrr and such suTi shall thereupon be d~e and
;~~abte on tha due datc ef ~he ne,~t muntl~.y payment and eech successive month thereafter ur.tii mertgagee sAalf not~fy mortgagor oi a change in such
c:•~nt. S~th sums sha;t L•e ar~.!ied by mortgagee rof,a~d thr payment of real property taxes, inwraoce prem.vms, and mertgage guaranty insurance
ms. _
Y~ITNE55 'J?HFREOF, the: d ktORiGAZ'.CR has hereunto set his har.d and sea( the day a ar fint aforesaid.
~ ~~el~~t the esence os: Witness aS t0 ~
f ~ T < 4~ ,
W1~ ~s~ FfILEa~t~ER~C~lRDE~ .7 in F~ Ta11COtt ~a~
Mlitnesst~t~C1~; COUt~711 FLA. ~ ~a~)
~OGET.~01,"AdS (Seaq
~ OliviaCL~a+cT~1"r~cJ~WR v a D. a lcott ~~ai~
RECCR^. ~F*+f ~
S~A7E OF FIORIDA ~~~AA~
L~~e ~ o~~ 3 ~ 53 a ~ .
COUNTY Of St s _ ` . "
;
John F Tallcott ; , ;~~..,~{wcr,~i,~, , : •
Before me personalfy appeared _ _ • /
y •'~11~J~.
T1S1Jlfl, to me well knowrr,~niiiM¢`v~1~~fp I1~.
rhe individva` described in and who executed the faregoing instrumeM, end acknow{edged before me that he_ execute.! ~(T~ iam ~or the
~o'~' -3 :
r6e.ein exprcssed. T?I~fALr3df!!'~~~~~~~~~~~~~~~~..~~~..~~~~~~..~~~~~~~~~~~~~~~~~~~•~~~~'~.,~~ ~~d_~~r=
. . . . ~ ~
~11th!'EffAlrTdTd~_ ~~~~~~~~~~~~~~~~,.~~~~~..~..~..~..~~~~~~~t~~tv~~~~~~~~~~~~..~~r ' .
-s_~ar++rreanoer~w,e~akerrsrNeraee~arM~eperri+a+er*erza?~f~'i~s~lsntt, aeRnaN~dg~A~ta-andbefer~rr~~1,e~-sf+e-exe~ee~~d ~ nt~~~
~e+~yrend~ufthtfersti~een+pelslen~ebn~~latrt~-sPAt~ ry~1~r~at~r?~frfA~S~Rlylesba~ld. ~ tc..~.a•f _ .
WiTNfSS my hand and official seal this_.~~L`) _ dsy oi 1 l a:.4~,19~,"f~3
I ~ ' '
t % ~ / ~ ' t
I ( l ~ X ~ ~ - - ~`~.~,f-~""~ ~ ~
STATB OF FLORIDA Nora,,, P„br,~ and fo1iQ~R~tiMiBbiCF~1d~ d~ii~DA at,1ARGE ~
COUVTY OIT ST U~ IB , My Comm~ss+on e~p~res~qy co~M~ssioN ExPIRES )AN. 1971 ~
livia D. ?al2cott ~ed ~y Amerbcan B~nkert U~p~ 3
Before me perso~atly appeared ~
.~'~"~.~r~~~•~~~•••~~•••~•~~~~~~~~~.•~•~~.••~..~~•~~•~~~~~ ~ ~ ~ ~~~y
the individva! desuibed in and who execveed the foregoiny instrvment, and acknowl¢dged before me tFiaf tihe e xec'uted ytheasamt.~f~q~/~t~'~ ~tA,~ r
rherein expressed. }tAlrt~~l~b P°- ~ ,
~ •7t•, : ,
L ~ .L~. :
~~st~e*e~sa+a-•~---•..•~-----~-~---•-•~~-•~-,.-•-..~••••~•~------•~•----•~- ` . ; ~
A~nra~sHeirb~•w~e~~sR~~e~~nd~aperrAe?~rhprlaRl~htabenel~st~n~ew ~?Ad?!~~~~'~0~~~[~= _
~~~Y~d~?~ri~Fl~~If~i~~~MY~l~LI~~+Y~q/yii/14~'/~y/~«~~Ar~[~/~O~r~~IrMr~~~~r~ f!~!~?el'~RlR.~ReIlt~'7!I!~'QMfl1}VR~11~~~~~~i~?
/
~ ' ~ ~ Y _ f : w~ ~
WITNESS my hand and o(fi,~at seal th~s__~~ day of SQ - • ; N
ua~ent er -
s instiz Prenazed bv ~ / ,r '~489~'`,
Gary F . Bllwpod~ " - ~ .t " : q -
~ ..LC - . _ .
CIIeCIC~ B)/ ~ Notary Publ)c in and !or the State of Fiq7dp_st~larye
F~ZS't F'ederal • Savings aIId LOan My Comm~ssion expiitii~:l: ' ..'DA 2t LR1~F
Associa?tion ot Fort Pi,e~cce, t~~~~rid~i 3345p t1,Y CG;`. . SCPt. I. 1p76
/SG'+c.: ~ . . „ u;,detwrlttlM (110~
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~ . a~~~219 PAGF 814
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