HomeMy WebLinkAbout2469 3. To plac~ and con~inuo~ily keep on t!?e buiidinps now a heraaf~er sNuat~ on sa~d land and on ali equiq~~~ ~~•d p~rson~lly tovrred by thit mort¢
egs, with ~11 pr~miuma ~hereon pa~d ie full, fire inaurance ~n d+~ usual s~andard poiKy tam, in ~ ivm approv~d by ~h~ MORiGAGEE, anc! wi~ds~wm
inw~ant~ in tM utw) s~andard poi~cy iwm, in • sum approved by tM MORiGAGEE, in such canp~ny a compa~i~~ ~t ~h~ INORTGAuEE may
d~rscr, ~nd ~11 iin ~nd wind~~o~m inaviance policie~ on any ol said b~ild~nps, any imaest ~larrsin or pail ~F+e~eof, in tM agqre9~u wm afatuid or ~
in e:cess the~~of, sAall tontain tFa usual sta~dard mortgsgee da~~ or such otF?x c~su~ ~a tM AAwtyag~e may requ:r~, ma?inp lir losf vnde~ sa~d polF ~ i
c~es, eath ~~d way, payab~t 1o taid MORTGAGEE a~ ib intrrrfl may appsar, and each and every ~uch po~icy ~.hall b~ promptly Kf yn~(I and delivered ~o
any hsld by said MORIGAGEE ~s iwther stcurity to said nwrtpa9~ debt, and, nW ku tnan fan (101 days in adwnce o+ th~ ~xpiraGon of e+ch policy, to dF
I~ver to uid MORTGAGEE a renewal tfiereof, toge~her with a rece~pl fw fha premium o1 iutF~ ~enewal; and tMrs sha31 b~ no firs or windstorm insur~~t~
pleced on aey of said bufld~rgs, ~ny inlerKt thwe~n a put thereoF, unless tFK lcrm and with ~he toss payable as aforesaid; and in the svent any ium - '
of mon~y becom~s p~yable undtr such policy or policivs said MORTGAGEE tihall haw tM option ~o ~eceive and apply ths same on actount of ~he Indebf~d ~
ness secured Mteby w to permit said MORTGAGORS to reteive and use it ot any pa~t ~Ae~eof fw otiwr purposes, w~thoot thercbr waivi~:y or ~mpair- f'•~
ing any puify, li~n w riqht undN or by virtue of thia morlyape; ~nd in 1M aveM ta=d MORTGAGORS shall fo~ any ~eason fail 1o keep the seid ptemises w r*'~
~ns~retJ, or fail ro deliver promptly any o~ said poi~cies of ins~rar+cs to sa~d MORIGAGEE, w fail ptomptly ro pay f~lly an~ pre.~nEum ~F~erefw w in ~ny ~ j+.
respect fail to parfam, dischuge, execute, effect, canplote, comply wi~h ~nd abide by rhis covonant, a ~~y part he~eof, said MORTGAGEE mey p~ace and
pay fw ~uch inturance o~ any part thharrtof withoot w~ivinp or affectinp any oplian, lien, equity, w right u~dtr oi by virtue of this Mafgay~, and tFx
full amou~t oi each and every wch payment shaU be immediefely due and payable and shatl bear interest (rom ths date tlurrof ~ntil paid at the rata ol
n,.:e per cemum pet annum a~zd ~ogethe~ wiih such interest shal~ be srcured by the lie~ of this mo~tpage.
1. To pe~mit, ca+wnlt w suffer no waste, impairment or deteriwat~on of wid properry a~~y paA tlxreof.
S. To p~y all and singvla? the cwts, cl+~rges +nd expenses, including s ressonable a»orney's ice and costs of eb~trac~• of ti~le, incuntd w paid ~t ;
any time Dy said N10RTGAGfE, because or in the evcnt oF tM failure o~ tha part of Ihe uid MORTGPGOR to duiy, promplly a~ fully periorm, dixhugR
e.ecuts, effect, complets, comp:y with and ab:de by esch and eve?y the st;pvlauaes, agreemrnts, conditions, and covenants of w~d prem~ssory note and thq
^~ortgag~ any w either, and said costs, chuges and expertses, cach end ~very, shail be imnxd~atcty dve and payabls; whett+e~ p not the~e be notice do- t
ma~d, attempt to colkct or suit pend~ng; snd tM full amount of each ai+d every such payment shall bea~ inte?est trom tM dut~ thereof uMil paid at the j
-~re o'. nlne pe~ ccmum per annu:n; and as; sa~d costs, charges and e~;~ensea ~ncwred w paid, tog~ttxr w11h auch int~.est, shall te secured by the lien of thit
mortgege.
6. That (a) in the event of any brcach of ~his Mortgage w default on the part of ths MORTGAGOR, or (b) in ihe evenf any of said sums of money
here~n referred ~o ba no~ prompfly and fully paid wi~hin th~rty (30) days neat after the same se•rorally become due and payaLie, wifhou~ demand or notice,
er (c? i~ the event each and every the' st~putations, agreements, cond~t:ons and covenants of u~d promiuory ~ots snd th~s mxtgaye any o~ e~ther are nol
iuly, promptly •nd fully perforrned, d~sthargad, ezrcuted, efFected, tompleted, compEied with and sbided Sy, then in eithet or any svch event the said ag
~•egate wm mentioned i~ sa~d promissory note than remaining unpa~d, with imerest accrued, and ait moneys secured herei:y, shali becnme due and pay-
ob c fo~thwith, or thereaire~, a1 ~he option of said MQRiGAGEE, as fully and compierel~ as ii a~l oi the said sums of ~roney were aiginaUy stipulated
ro hr pa;d on such day, anything in sa:d promisso~y note or in this Mwtgage to the contrary rrotwiths~a~din~; a~d fhereupo~ a thereaiter at,the oplio~ of
s~ d M,ORTGAGEE, without notice or aemand, wrt at law or in equity, therefore d thereaiter begun, may be proaec~ted as if all moneys secured hereby
h;d maturCd ptWt tD its inSl~tutsql. _
7. That in the evrnt that at the beginning of or st any time pend~rx~ any suit upon thia Mortgage, w to fweclose it, or to reform it, or to enforce ~
payment of any da~ms hrrtunder, said AtiORTGAG.E shall apply to the Cour~ having ~urisd~ct~on thereof for ti~e appointment of a R¢teiver, such Co~rt shall
ic;r.hwith appoint a receiver of said mortgaged property atl and sin~~lar, inciu:i~ng atl and sMgutar the income, profits, issues and r4+emees from whatever
source detived, each and every af which, it be~rtg expressiy understood, ia hereby mortgagcd ~s if tpecifitatly set forth and described in ~he 9renting and '
habendum dauses hereof, and such Receive: shall hove aU the broad ar.d effecT~ve funcnoris and powers in anyw~se enttusted by a Court to a Receiver, and i
s_ch appoiMment shafl be made by s~ch Court as an admitted equey and a matter of absolute riyht to said MORTGAGEE, aod without reference to the ~
~d_~q;,ncy or inadequacy of the value of the property mortgaged or to thr sotvrr.cy or insolvency o! said MORTGAGOR a the defendaMS, and fhat such
. a~rs, proiits, incorree, issues aod revenues shatl be ~ppleed by auch Reteiver accv+Jing ~o the lien or equity of said MORiGAGEE and the practite of sucK i
Court.
?
8_ To duly, pramptly and ful!y perform, dischargc, execute, effect, complete, comply with and abide by each and every fhe st9pulsY~ons, ag~eementf, `
;_.nditions and covenanta in sa~d promisaory note and this mortgage set forth. ~
9_ That in the event the ownenhip of ~he mor!gaged premises, o. any part therec4, becomes vested in a person other than tix MORTGAGOR, tl+~
,:.~RTGAGEE, its sutcessors arxl ass:gns, may, w~~hout not~ce to the 1'~vRiGAOR, ckal wi~h such successor or autcessor in interest with refere~c~ to this
~.rtgage and the debt hereby setured in the same manner as with lNu~tgagor vvithout in any way vitiating p diuharging the Nbrtgagurs' liability herr
,~~der w upon the debt hereby secured. t3o sale of the p~emises h~reby mortgaged and no forbearanee on the part,of the MORIGAGEE or iri successots
cr ass~gns and rro extension of the time tor the paymenl of the debr hereby secyred given by the MORTGAGEE o. ~ts succeuors or ass~gns, shall operate
!o reiease, dixharQe, modify cha~ge o? affect the original liabil.tty of the 14tORTGAGOR herein, either in whok or in psrt.
10. It n speu(icaliy agreed that time is of the essence of this comract Snd thst no waiver of any oN~~gai;an hereunder or of the obl'g~tion se-
c:,~ed hereby shali at any time thtreafter be held to be a viaiver of the terms hereot or of the inatrurt+ent secured herby, ~
I 1. In add.?io~ to the forego:ng monthly payments af princ pal arxi interest ~equired by tFie promisswy note secwed hereby, mortgagor eoverynts -
~~~d agrees ro pay to mortgagee vrith exh mon'hfy payrneni an add~rional sum estineated by marigagee to be equal ta 1~`12 of Ihe annual tosf of fhe follow~
' A-All real p'roperty taxes levied w assessed against ?he above desvibed real estata ',~~~-U .~t ~
B-Premiums on fire and windstorm insurar.te as herein roqu~red to be tarried on the ~mproveme~fs situate on 1F~a +fwve -de~t~ed• f~ ~
1 ~ N'~,
C-Premiums on wch mortoage guaranty ir.surar,ce as mongagee shail irom t~me to lime dcem fit to csrryr on the Foat~ s
e~~,~
r t ~
~ .
Mwt g a gee shail from tinie to time notify mortgagor in writing of the amo~nt due and payabte hereunder ar.d su_h wpt~il,^ttilreupb duF N~
ahle on the due date of the next month. -nent and each sutcessive monrh thereafter ur,til mort a ee shall notiF of s" } o ~
~Y PaY~ 9 9 / ~~'f9~~ ~ ~ s~ ~
, -:,unt. Such sumi shail be appiied by mortgagee tuward the payment of real property taxes, insurance prem:umi, a~d o~fya9e 9uet~ ~is~SS~. s;
; e-r~.:~ms_ ~ `w. : - 3 `v.~, j '~-;y,_r:i
~ IN WITNESS 1~HEREOF, the said MORTGAGOR has hereunto se~t,,,~ nd artd seal the da and year firsl a4oresaitG ; t''` s~ v q~ ~
n Signed. kd and detivered in e presence o~LEO ANfl R£~~
f~ HQT(~~.5~ IS~~ ~a~•p.~ ,
; o' Mel.~d~ ~ '~T-~~~Ea ?~~Al?; BY: ~
; t.?it ss a~K ~;~;,~ts C~~ OOI+~ a a .
' ~~a~`cF!`?ED its - ~ '~q.
~ f .
nes Q~'Z~ ? ..t...,
` ~ 3~ . a, n or s nt ,
~ - - --~-?3-- - -i
z>
~ 4
` STATE OF FLORIDA COUNTY OF ~ O~~E ~~VI '
~ ~i(, i
I HEREBY CERTIFY, That on this ~ day of NO'°e~r , A.D. 19~~., ~
before me personally appeared Robe1't T. CTiBg ~ Senior Viee P1c"es3dent `
~ of GU1~ 0 ESTATE D~VEIAPl+II~N'T C~ANY a Delaxare Corporatian, ~ General Partnar of
~ SI~~EAL • ,
~ _NUTCHINSON ISI.AND ISMITED PARTNERSHIP, a limited partnership organiaed~±l~iid;~ -
ex , of Florida to
~ ~ (~d9ed the exe- ~
j ryp known to be the person described in and who executed the foregoing instrument, and ."~1i~tili~~~, i
~ _ {S ~ ~.~~~~i'
~ eution thereof to be , his free act and deed as such officer . for the uses and pur s~' ,pnd that he
p; L' f_t;' .,.'''a~E9~~::~;~° i
~ affixed thereto the official seal of said corporation, and the said instrument is ~ig~~d~l~d'~¢~, corporation.
~
~ oR~ANAO • - : ~f -~F~ ~ -Y_
~ WtTNESS my hand and official seal at ~ir~i~swe t~c~~"?
~ , sai , ~ d
~ This instrwnent prepared by ,s:~: ,
~ ~~ln F Bratat ' ~ ~ ~ : .
~ ~'irst~Federal Savings and Loan Norary Public, in and f4r, - ' fp~i~ k,~. ~
~ ~ssoCistion of
Foi't Pie2~Ce, Florida My Commission Expires: ~~;T.: ~,a 2y, ,s~b
~ ~t~~~p
srican Fre 6 Casualry Co.
~ Checked By F~- ~
~
~ . fl
80~~ ~
~
fi ~ ~
~ I y .
. ? k
y;~ _ . _ _ ' . . .,a^~di.n'~~
'i,"s~.q v ~ ~ t..
~`t 'a' , ;~,~-~r,~,~
~ . . ~ %x^_7'+s a`_ _ ~ . -