HomeMy WebLinkAbout2294 To p:acr a~~d connn~o..sly l~~~p on tnc~ L~~ .i ~ ~s nurv or hr~eattr~ f+tvate on sa~d land and on atl eq~.N:neN and pr~sone~ly tu+rr.;d bt 11:is n.artg~
ege, w~~h all pren~•v~ns ih~•~con F.~ d m f.~:l, 1~rc u~s~r~ in ihe ~s~ai si~~~dard po: cy form, in e sum aHp~o+cd by thr MVR•GavEE, a~ J v~~ ~Js~o~m
~nsvran~a in tha us~al a~anclard po:cy form, in a w.» atEruyrd by the Mi1RiGAGEE, i~ such co~nNa~~y or co~.~pan,es as ~~~e AtO~IGAGEE ~nay
dueU; and all ii~e ar.d w.nds~orm ~nsuror~e po:~c~rs on any uf sa~d bu~:d t~gs, any inte~est the~ein or pa~f thcreof, ;n Ihe agyr.ya~e t~~~~ a+o~eso~J o~
in excess ~her~rof, s~all :~ma~n ihr us~al s~.~~.da~d :norr~~yre c~ausa or such o~har c~a~se as the Mer~yayae may rey~.re, mek~ng ~he ~uis ~~~d~~ a~~d po~i-
c rs, taGh and rv~~~y, pa;a~"e to :a~d !dUR1~;:,~EE o~ ~~s .~:+.•r~s~ n~~y aN~ra~, a~~d each and e.ery t~cfi po:,c~ ihe~l Ur ~:romNriy assy~~rd o~ d d~•.~~~•n,d ~o
a~y hrid by sa~d t.10RIGAG~E as f~nhc~ s.<u~ny fo s.,~~ o:~g.,~r d_ut, a~,d, not les~ thon ~en (101 d.~ya in ad+a~,ce of ~he eap~~et.on of rech poi~cy, ta Je-
~ver to said MORiGAGiE e:~nr~.al thereof, toge~hrr v~~th a tecr~pl f0/ the prem~um ot such rene~.a!; a~~d ih<re shell be no i~re o~ w~~•ds~o~~n u•su~:.nce
p~aced on any of sa:d b~,ild~ngs, any interesf there~n or part tl~errof, unlcss i,~ +he (orm and wnh the loss payablr as aforesaid; ond in the e.em any sum
of money beco~nes payable ~nder s~ch pol~cy or poLcees sa~d MOkiGAGfE eh.~1! have ih~ op~~on to ~ecr~va aed apF,!y the same on acccunl of ~he ind~'ttcd•
ness sewr@d h8reby o~ to peren~l sa~d IAORTGAGURS to rttrr:e J~id use it O~ any i,~rt 1F:r:roi for otn~~r ~.v~{ ::srs. a ti~:.u• ~h''~ '•ti •'•"9 ""P""
iny eny eq~~ty, iie~ or nyh~ under or by vht~e of th~s n,o:~yige; and in the evrnt sad MORIGAGORS sha!1 !or any reaaon fail to kr~•p ~f~e sa~J prem~:_~s so
~nsu~cd, o~ (ait to dallver promprly any of s~~d poLc=cs of insvrance to sa~d MORiGAGtE, or fo~~ promp~ly io pay fu,ty any prr~~~~~~n the~etor or in a~~y
rrspecl lail to perForm, distharge, execute, efFect, ton~ptrta, tornply wi~h and abide by th~t CovenaN. Or any patt heteof, S.+~d MURTGAGEE may p~ecr a a
p~r (w wch insurar.ce o? ony part thr~eof n,~~hou? we~v;~~g or afl~d~~uJ any opt~~. Gen, equ~ty, or nghr u~•.dcr o~ by virt~e of ih~s Morfg~ge, and ~he
~;;:I amovnt of eech and e.ert such paymant shatt tx .m~~«d~et~ly due ar.d pay361e and shall bear interrst irom ~ha date thereof uaril pwd at the rate ol
n~r.e c~nt~m pcr ann~~r. .;nd to}~_+h~~r v.~!h Such inr~••~~e~ sh..~i :~e s_~c..~ed by the lien oi thi3 mort~ege. -
.f. To permit, tommit or sufler no was~e, in,pa~rrnent or dcter~orat;o~ of said propcrty or any part thrreof.
5. To pay all and singular tlie cosls, charqes ar~d expenses, ~nclud~~g a reosonabte auorney's fee and cos~s oF abstracts of tit!e, incur~ed or pa~d at
,~.y ti,•:c by sa~d MOR:IiAG~E, beca~se w i~~ the event of thA fa~wre on ~ha part of the said h10RTGPGOR ro duly, pro~~~N~ly and fvUy perform, d~scharge.
cutr, effect, canp;e~e, co~r,p1Y w,th and ab de by each aad every ti~e stipvlanans, agreen+ents, condd~o~s, and covenents o~ aa~d pian~sso~y note and ih~i
, orrgage any or e~ther, and sa:d costs, charges e~.d e¦prnsas, each and every, ahall be immed~arr~y due ar.d paya6le; whc~her or no~ rhere 6e nonce da
~nand, atrempt to co'iect o~ wit pend~ng; and ~he full amount of each a~d every s~ch pa;n:ent shatl bra. inr~res~ fro~n ~he date thereof ~n~it paid at the
~ 1~ o` nine per irntu~r. yar a~~n~:n; an~ all sa~d cosfs, ~'~erges ond c.:.e~~ses inc~rrtd or paid, togethrr w~th auth ~nte~est, shall be secured by Ihe i~en of th~s
~nortgage. -
b. That (a! in the eve~t of any b~~e:h of th~s Mortgage or defaut~ on th~ pa~t of the A10RTG~GOR, or ;b) in the event any of sa:d sums of muney
h_~rein referrrd to b? r.ot promptty and ivily pa;d w~~i~in u+,r+y t30i d,rs nret aiter the same severot~y become due and payaU?e, without de~nand or nonce,
or in tha evem aach and every the st~{~u:atwns, agreemenfs. co•~dmo~~s a~d covenams of sa.d pronusso~y note and th,s mo~tgage any o~ e~ther are oot
j~iy, prompNy and f~~;:y perfonned, d.ndro~g~d, e+~acvred, effeued, comp~e~rd, canp+~ed w~th and ab~d~-J 5y, then ~n e~iher or any such evem the sa~d ag-
~~~3ate wm rner.t~oned in sa:d p:on,~ssory ncre ~h~n rema~nin9 vnpa~d, with ~ntrre~l ac:~ued, and o~l moneys sewred herrby, shail becume d~e and pay-
ac, a iorth.virh. o~ ~h~•reaf~~~, at the cpr,on o~ s.~,d htORTGAG~E, as f~~iy and comple~eiy as if atl af ~he sa~d sums of monEy were or~g~naJy st~p~iated
be r,ad on svch day, ~nyth~r.g in sa.d prG:~l~ssory nctt or i~ ihls Mortgage to tFe co~va~~ nonv~~hstand::ig; and ~h~:re~pon or thrrcafter at the op+~on of
s~:f MORTGAGEE, v~itt:out no'~ce or dema<<d, su~t at ia~v or in equ~t~, thcrefore or thereafier begun, m3y be prosecuted as if all moneys secured hereby
n_d maturel.~ ~~nor to ~ts inshtuLOn. '
7. That in the evenr that at the beginn:ng of or at any tune pend~~g any su'rt upon this N,Jrrgage, or to fo~edose it, or to reform it, or to enforce
;,,m~nt of any u,~ms he•eur~}~•r, sa~d P.50RTGiaG:E sh;;i n~.p+y lo the Co~~t havmg ~ur~sd~cz:o~i thereof for the appointment of a Rece~vet, such Co~rt shaii
•h.with a~;F.c:nt a~eu~.e~ of s~~d me:!yag~•d p~opc~~y a!~ and s~ngular, inciud ng aI~ and s~ngu!ar the income, prof~ts, iasues ar.d re~en~es from whete+er
ce d~~~~:ed, each a~d e.ery of ,vi ch, ~t be~~~g exµr~ssy unders~ood, is t.er.•by mo•tg.~yrd as if spenf~ca{:y set fa~th and described in the g~ant+ng a~~d
,~:<~ndvm c1a~~sea hereof, a~d such Rccr,.er sheu ha~•e a~1 ~he br~ad a•~d etfcKr~ve funcr.ont a~d po~vers in anyw~se entrusted by,a Court to a Receiver, a~:d
s:%~ ~ppcintmenl shali bc• n~~ade by svch tu.,rt as an od~nittc-d rquity and a n:atter of abso;ute r~gM to sa~d k10RTGAGEE, and without reference to the
t!_y~ucy or inadrq~acy of the vaive of ~F.e properry rno~rg~ged or to ti,e so,vnncy er ~n;civency oi sa~d MORTGAGOR or the defer:dants, and that such
,+i, profits, incorne, iseues and rever.ues sha~~ be appl~ed by such Recr~~e. aaord~ng to the i~en or rqu~r~ of sa~d MORTGAGEE ar.d the prachce of such
Court.
8. To du1y, prompf•.y and fuDy perform,, d~scha.ge, ezec~t~~, effea, complrte, con~ply w~~h and abide by each and every the stipu(ations, agreements,
,_~d~tions and covenams sa~d prom~sso~y no!e a~id tn;s rn~rtgage set forth.
9. That in rhe evc:it the owr.ership of ihe n,orrgaacd premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
~RirAGEE, its su,cesscrs and as<_igns, rnay, w:~hout nor~ce to the ti50RTG~OR, deai wifh s~ch successor or successor in mterest v.ith reference to th~s
o•~gaye a~:d ~he d_c~ h~~reby secu.ed ~n the same mar+n~•r as wrth D.1.rrgago~ nr~theut in ar.y way vit!a~ing or d~scharg~ng the 1Jbrtg,gori liability her~
;i~~r or ~pon th~ drbt he~eby sec~red. Nc :a:? of the F~e~:uses h,rrby r.:o.tgayed and no forbea~ance on Ihe pan of the IAORIGAGEE or its Successors
- ass~gns and r:c exre~s~on of the t~:~~e fo• t~,r pa;r~~e~ t of tf.e d~b+ h•_~eby sec~~ed given by the ~h~RTGAGEE or its successors or oss:gns, a~~afl operate
!o re'ease, d,sthacge, mcd~fy char,9e or attect the cng~nal i;a:,.~ny cf tM:e ~.'~GRfGAGOR herein, either in whole or in parf.
10. It is speui~.aL'y ag+ee~ that t~:ne is of thy essence of this convact and that no waiver of any ot~igat~on hereunder or oi the obligation s~
,-~d hereby sf:a:i at ar.r time thzrr~fter be he:d to be a wmvrr o' the terms ~ereof or of the instr~mem secured hc~by.
I 1. L~ ..;i~ ~,o.. •o rF..~ for~.3~ ,:•.'h'~ E~.,rn _..~rs o' ~::i-:: and r._•..•..s• requ~red by the pram:sscry nore se:u~ed hereb{, mortgagor eovenaMs
d agrces ro r.,y ro :~:e fg:~ge.~ ah e.,_ti r•,:nri: ~,:3 r.e•:~ a. o:f_; .o+1af s~-~~ . s~ ar~d 'b~ mor~g ~gee to be equa~ to 1 12 of thc an~,~ai cosf of the follox-
esrate.
A-A!i rcal E;ropcrty tax.s `c~~~~ C~ asse5c_.~.i .y~l~zt tF~.:_ aF:or.~ d~5r.~4,.~ ~._r~ ~
B F•_~ s on +~~r ird w~•:dsror~~, insura c^ as 'r,er•rn feq~;red to be ca~ri.:d en the :~proveme~ts situate on the above d_scribed premises.
C Pr_::~::,r.:s on s.;ch rrorty_,ge yu~r,c:y ~c:VC3~ Cc~ a5 mcr:g,y^ee sha:t fr. t^ e to nme deem fit to carry on the loan secured 'hereby.
1.lortgagee s~~i'! t~:ne t~ t~:~~e ncs.`, ~no•Fy~g~ ~:r;;,r,g of tne a•-.o,:~t d_e and payabte hereundar and such su-r, sha:l therevpon be due and
r,'r on tl~~ due d.,~~ oi ~h~ ,:.t c zth ~ pa;•r•_~;n a~~d e.,ch successive n,o~~tn rhereahe• urai~ mcrtgagee sha!: not~fy mongagor ef a change in such
! v~~~t. Such s~~^s s*~ ~ be af:;~.:<•d by mcrrg~y:•_ ._..~~d Tt•e F;~~rrent of re;: prcperty taxes, insorance prem.ums, and mortgage gua~ar.ty insurance
~um5-
IfV `::IT~JE55 .':NEREOF; the sa~d MOPTGAG02 i.as h_+e~~•to se! his hand and SeaE !he day and year first aloresaid. ~
' Signed, Sealed and d~~vered ~n the pcesence af: ~ ~
; { = t ~ Seal)
; ~~~it ess % Geor e S d~ r~,,~
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~ - 3 ~ ~ ~ G (Seal)
~ itng~___ Mildred Sands t~ap
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~ "'=.'E OF FIORIDA ~
y 'J'~TY Of _ St. LUCle _ ~
x
~ Before me persona!Iy appeared _ G@OZ9e Sands and _
~i _ M11(~Z@d Sands his wife, to me well known and knovvn to me to be
~ ind~vidua:s descr~brd in and who exec~ted rhe for~going instrument, and acknowiedged before me lhat they executed the same for tF.e purposes
~q , Mildred Sands
= r~;~ein express~d. A~d th~ :a,d_-__ George ~I1 S
~ •~e of the sa~d - upon a separate and private
.1
;j ,.sn:nar~on by me raken separate and ap3rt from her sa~d husband, ack~oxledged to and before me that she executed said instr~ment freely and volum
X2 -:.y and v..thovr any co^~pu'sion, constre~r.t, app:e~xns:on, or fear of or from her said hwband.
~ W~TNESS my hand and off;c~al seal this_ day, MaYCh A. D. 19 74
'Y ' - ~ . ~J ~ i L j
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~ - ~ Notary Pub~ic in and ior the St 0 of Flori at large
e3
- ~ My Comm~ssion eapires: s -
Rerum To: I ~ J y_/~~
~ First Federal Sa.~csos 8 loan Assxiat:on ' ~
p~ .-.rs V • _ •
F~,.. V:..: F! ~ , 1,
%~'~6521 . ;
~ ~ ~ ; . ~ .
This Instrument Prepared By Gary F . Ellrtood : , ~ ' . - .
First Federa~ of Fort P e Ce n Association f~`~~+t ~ ~ ~ ~f~a ~ ~ ~ . ' ,
;c~y' . ~ ~ sb
, Florida ft lU~;~~ . ;1~5 Jb' , „
; k~ ' ~ = c :uqT = . L ; ~ ~
Checked By - G'_~ , -
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~ 22~ P~~E2293 4 ig~H'~~ ~
M~R
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