HomeMy WebLinkAbout1487 3. To plece and con~inuous~y keep on ~he bu~!d~~~ge now or hereatter s~l~ate on sa~d land and on all equiEv„ent end perfo»ally covered by this mo+tg-
age, with all premiums tt~ereon pa~d in 1uil, 1~re insurance in ~he us~at ~tandard pu'icy form, in a svm a{,pruwed by the MORIGAGEE, er~d windstorm
~nsurence in ~he uwal standard pol~cy (orm, in a aym approved by ~he MORTGavEF, in such company oi compaoiee aa the ~ MORIGAGEE may
d~red; and a~l (iro and w~ndstorm insurance pol~cies on any of sa~d bu~id~ngt, any interest the~e~n o~ part tl~ereof, in the ay9regata wm ~faesaid o~'
in exceu thereof, s~all contain the usual s~anda~d n,ongagee clause w such mher clause as ?he Matgagee may ~equ~rs, making ?he loss unde~ seid poli-
c~es, each ~nd avery, payabte ~o said MORIGAGEE as~~ a interesl mey appear, .•~d each and every sucF~ po~icy thall t» promptly asa.gned and da6vared to--.-~-~--~
any held by sa~d MORIGAGEE as fur~he~ aecurity ~o sa7d mor~gage debt, and, not :ess ihan ~en (101 days in advance of the expiration of each policy, ~o d`r _
I~~e~ to said MORTGAG~E a ro~icwal thcre~f, toye~har wiih a rrce~pt fot the pre~n~um oi suth renev~al; and ~here shal~ be no fi~e or windsto~m insuronte
placed on sny of said buitdings, any ir.terest there~n o~ part thereof, unicss in ~he lorm and wdh the loss payabte as aforesaid; and in tlm event any sum
oi money becomes pavable undrr t~ch polity or poGues sa~J MORiGAGEE ~half have the opnon lo recaive and apply 1he ~ame on ec~ounl of the indebtad
ness ~ecured hrreby or to permit said MORIGAGORS to reteive and use i1 or any part the:eul for o:it.•r pwF~osrs, v.~~ho~t ih:r~(?~A~~tfCp~~O
i~g any equity, lien a right under or by virtue of ~his mo:!gage; and in ?he ever.r ta~d MORiG~1GOR5 shal~ for any reason fail fo k {l~i~ji Ts~sF~.
~nsur~d, or fail to deliver pto~nptly dny oF aaid po~+cies ol in~urance to said 1'dORIGAGEE, oi iail promptly to pay futly any p~emiur+~{~A Q~~~S~
res;-ect fail to perform, d~scharge, execute, eflrct, comp.ete. comply with and ab~de by th~s cavenant, o~ any part ha~eof, sald MOiQ[~E~~`I~1~i~~T
pey fw such insurance or any part thereof without waiving or alfet~ing any option, Gen, equity, or right ~nder or by virfue ~~R~fg~ i
tu;~ amount o( each and every such paymem shall 6e immed~ately due end payablr and shall bzar interrat frorn tha date thereoF until paid at the ra/e of
per centum per ar.num and ~o~rtliar w~th e~ch in?er~•st sh..~~ t+r u~c~red by the lien of Ihia mortgage. ~R'~ j2 37 F~' 1 N
4. To permit, commit or suffe~ no wastr, i:npairmenf w drterioraLOn of said propc~ry or any part lhereof.
S. To pay all and singular the costs, cha~ges and expenses, includ~ng a reaso.~able atto~ney's fee and costs of abitracts of title, incurred or peid a1 ~
~~v ~ime by aaid MURIGAG~E, becauae or ~n ~he event ot the (allure ai tne part of ihe said MORTGAGOR to duly, peomptly and fully pe~torm, d~scharge. _
..ecute, e(feU, tonzplrte, tomply with and ab:de by each and every the stipulahons, agr~aments, cond~t~ons, and covenants ef said promissory note and thi~ t
,o~rqage any or enher, and s3~d costs, cha~gcs and e<penses, each and avery, shail be immed~ately due and payable; whether w not there be notice dr ~ ~
mr,~d, atte+npt to collecl or suit pe~d~ng; and the fu~1 amount of each and ever, svch ~aymem shall bear interes~ irom the date thereof umil paid at the j
o~ r.ina per centum N~r a~:num; a:~d au sa~d c.:sts, cnaraes ar,d eaFenses ~:xwred or pa~J, toge~het w~th such inrerest, shall be sEtured by the lien of lhif Qn i
mo!~gag2. =7/ ~
6. That (a) in the event of any breach oi this Morrg~e or dzfault on the p?rt of the A10RTGAGOR, or (b) in the event any o~ sa:d s~ma of money ~ _
hc•reEn referred to be not pro~:~p~ly and fully paid within th:rry t301 days next a'rer the same seve.a;ty become due and payable, without demand or notice, N ~
~r cl in the eveot each and every ~he sfipuiatior.s, agreements, cor,d~tfons and tovenants of sa:d promissory note and th~s mo~tgage any o? either are not ~ ;
i~~;y, prornptly and fu~~y performed, d s:ha+g^d, exetuted, effected, comNteted cempi;ed w~th and ab~ded 7y, then ~n euha w any such even~ ~he seid eg ~
ga!e sum menti~n-rd 'en said p~omissu~y nete then Jemain~ng unNa~d: wirh in~ere>t acourd, end aH mooeys secured hereby, shall become due and pay-
Ac~~ forthw~rh, o~ thereafter, at the cpT~o:~ of sa+d.klORiGAGFE, as iully and co~~~picteiy as if ai{ of ~fir said s~ms of money were onginally st~putated ?
: be pa~d on such dcy, anything in sa.d p~o~n~ssery note or in this h!ortgage to the conirary no~w~ths~and;ng; and ~her~upon or thereafte~ at the op~~on of .
s~, i!AORTGAGEE, wiihout ~o~~ce or den.and, su.. at law or in eqwty, therefore or ihereaf~er beg~n, may be prosecuted as if atl moneys secured hereby
d~~atured prior lo its inSliWt~on. ~
7. Tt~at in the evert that at fne beginning ot or at any t~me pendf~:g any w~t u~on this Mortgage, or ta f~reclose it, or to reform it, or to enforce r
ent of any c?~:ms hereund~., s:,~d lAGR7Gk~;~E shall opply to t~+e Court ha.~~~•.y ;unsd.ction thereot 1or the appointment of a Receiver, such Court shall
,rith appo:nt a rece~.er of sa~d ~nortgag~d property ~ii and s~~Fgu;ar, inc'w:3:~g o.t a:,d s~ ~gular ~he income, prof~ts, issues ar.d tevenves from whatever ~
der~~ed, each and every of wh.ch, i! bel~y e~p:ess:y u~idersroed, ~s t.r~eu~ n,c~~,~sged as it spec~fitaSly set forth and descrbed in the g.anti~g and
~•ndum tfavses here~`, ard wch Rcceivrr she:I ha~e ai! the broad and eif¢t~~ve fcnc~ c~~s :nd pov.ers in anywlse entrusted by a Cou~t to a Recriver, and j
appoin:ment :hai~ br. made by soch Court as ar. ad~or.trd eq~ity and a r.anrr oi absu~~~ta r~ght to sa~d 6'tOR1GAGEE, and wi!hcut re(erence to the ~
,iu;cy o~ inadeqvacy of the va~ue of the proprrty m.ortgaged e~ tc ti~e so..e:~c~ c~ ~:~so,venty of said MORiGAGOR or the detendants, and that such ;
~s, prof~is, income, issues and reoer.ues :nati be apptied by such Rece~ver ac~..~d~,,g ru the tien o~ rquity of said MORTGAGEE and the practice of such !
C ~ ~rt.
B. To dv!•/, premptly and fu~iy perform. dis:har~e, execure. efie,t, complr!e, rn:e,Iy w~th and abide by each and every the stipuiations, agreemeros. ~
,r. cns and covenanrs ~n sa~d pro.^-~~ssory note and th:s mcrtgage set forth. i
(
9. T~,at in ihe event the owne~:Fip nf the moctgaged premises, or a~y part rF.ereof, becomes vested in a person mher fhan the MORTGAGOR, the
:_<"vAGEE, ies SU:V_SSJCS and as~i3n5, ~:;dy, w~~ho:,: nerue to ~he MORTGL~OR, dcal wiih wch successor or successor in interest w~th reference to this -
~y~ge and the d•,i~t t:ereby secvred in the same rnanner as KviF1 MO~T~d(~OI 'NIIMOUt in any way vitiating ot d~scharging the ldortgagori liability here-
or vton the d_bt h~rebp sec~red. No sj!e of rhe Fre~r:~ses hc~eby ~r.o~!geged ar.d no fwbearanee on the pa~t of the 1J10RTGAGEE or its successors ;
, ss~~ns and ~~o ex~rns~on of the tm~e {or th_ pay~-c~~t of the deb! hereo•; secured given by the thORTGAGEE or iti sutcessors or assigns, shall operate ~
_•,ase, d.scharge, modify change w affect the or~y~r.,~ lia~:l~ty of the II.OR(GAGOR herein, either in whole or in part. ~
10. It ;s spec fical!y agreed that time is of the eszence of tl:is co~~tracf and that no waiver of any obligatfon hereunder or of the obligation sr ~
_,~~d htre6y sfia'i at any time thcreafter bz hc:d to be a waiver of the !erms hereof or of the instrument secvred herby. ~
11. tn .,~d.r~o,. to r.,_• iorcqo .ro~rh!y F,sy~n -nts of pr~ .c ~~a1 and ~:~ne•esr reGulred b~ the prom~sscry note ucured hereh~, morfgagor eovenanTs
~rces to p~y ro r~o~•grgee v.~ih cacF. o,c~~~Fry pa~~ ~e~it an ad.'~~~ona s~~~ cs~•:~:a~ed by mortgagee to be eqca~ to 1, 12 of the ann~al tost of the fol4ow-
A--AIf rea~ pruperty tax~>s ~e~ie3 0+ asses~eti ~;.;~~:st tt~~ above desc•~s•,d reai estate. ~
6-Gi:li:~J~1`S ori Hre and •,ainds}orm ;nsvr3~-se as I~e:e~n reqv~red to br carr~ed on rhe ~mproveme~ts situate on the above described premises.
C-Pr~..,~;,~.•s on wth m~or~goge g~ar~~,ty irsura~ ce as ~*•~ortga~ee sha;i t~orr t rr:e r~ t~~ne deem fit t carry n~he loan setured hereby.
R"•or!gagee stis:i frcm !~:ne to t~ ne not;f; mortg.;qor ,n writ;ng of tl~e a~:.o.,~t du~ and payable he undrr d s~ch su~~ sha11 thereupon be due and
r on tfie d~e crfe of the n~•¦t ~•:onri~:~ pay-~~,ent ar~d e,:ch wccezsive mo^th ~nereaft~r u~~+il mort agee all notify mortga of a ehange in suth
~ Such wms sF~i! be apF~~eed 'oy ~~~o.'gag ~r !o:.ar~ tne payment o! rea! proce~ty taxes, insuran e m~ums, and mo e g~araMy insurance
. ~ ,.~.ns. -
I it~ ~"~ITt]E~5 SIHEREOF, fh~ sa~d M.~RTGAvOR has here~nto set h~s ha~.d and seal the day and, ar first r ai
~ Signed, Se led and- liver in the p~esence of: ~
~ ~ vY~ Witnesses as to sig. aq
~ of Robert D. Colli so R ert D. o i son ~~a~~
q ~ ~ f' Witnesses as to sig ~ , = t c ~
$ ~ _ _ _~of Wilda J. Callison Wilda . Collison ;
. _ ~
~~f . ~ .
. Cs so
~ ;U'iTY OF ~
Before me personally appeared ~Tflda J. Collison ~ to me
~ well laiosm and knaxn to me to be the individual described in and xho eaecutec~~he foregoing
instrument, and ackno~,iledged before me that she executed the same for the+~ ~~'~therein
expressed• And the s~~d_-__ Wilda J. Collison ~:;:lf~~'~~'~~
' ; ' ~ `r .
Robert . o ison , _ • r-.~
~ of the said - -~~-~~or*,~a i/~ private
~ nat~on by me takc~~ separate and aaart from her said husbaRnd, acknowledged to and before me that she exetu:ed ;~~O~e~+t~p~~;~ voluo-
• ~ and w~!hout any corn~ulsion, cons~raint, apprehens~og~ or fear of or from her said husbard. c .t„ • ;
~i~ ~ ' •
~ YIIItiE~S my hand and officiai seal this_ - ~-(v- day or---April ~ ''•Y . , , `t
~ . •a ~ ~ ~ ~'F-
~ • i ~.~~1' '.'.~~.f: ~ . ~
= Notary Public in a~d for tF~ ~3~i.eF~l~`~iy~ , t)~'
~ My Comm~ssion swpirosrJ ' : L~ ; _ N
~ - ' ~ Of FLORIDA ~ SS. C`~~~.0 S K.o \ PX. ~ ,e~~ ~'~S ° ~
~ ,'JTY OF ~-St. LL1C1@ ~ t.~~`-r.~`~7~.:,1.'
;3~ • =`~~.e,~...r-^ .=,s••. ,
~ Before me personaliy appeared . RObert D. COI.ZISOA
.i`= ;~...,._,•~•~.•ii
to me well kaown and kn~! rYl~ml:ts.~~ {i~
~ ind~v~dua' descrioed in and who executed the foregoing i~strument, and atknowledged befwe me that he ezecuted the iame .tbr t~`pe i
~ t- ~
e~~~n expressed. ;;yr
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~ •X.'1~f~rJO)OdOCsXKD6D(~?L~f~C 9D[.I~DCaExrXr~iCP~X _ -~Stc~~
~T ~ S~G~nO':
~ WITNcS~ ~~hand and offic~al sea! this_-~~-_-_ day of____ ~+Yr~
This iastrument pre pared b y Richard K. Ka yes
~ 1: S t Feder al Savi ngs and Lo an As sn . Notary Pu ic i~ a fw State Fiorida at lsi9e'"'
My Commission expire
:~t . Pierce, F12?. k; ~;?Y Pi:.;:~^. ST ~TE ^f fLORIDA at LARGE
. . . ~ R 238 1486 ~r,rz. ;~;J
6~OK PACE ~4 eY %+t~~e~ka~ ua~~~~s Ir,si.rance Co.
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