HomeMy WebLinkAbout1940 To ptace and conNnuou;ly Aeep on ihe bu:'d~ngt now or I~nreofter anuaro on sa~d :and and on aie equipmrnt and pe*sona~~y covered by this maty-
ege, wi~h ail prenuums thereo~ ~a d in fuN, t~re i~~i~ienco ~n ~he us~el s~a~xla~J yc,t~ty iorrn, in ~ wm aFp~o+rd b~ thc MORiGaGEE, and w~nds~orm
~nsuranct in tha uiual standa~d pa~cY Iorm, in ~ sum approvrd by the N1URiGAIfE, in such canpany or comp+n~es at ~fie AM1ORTGAGfE may
dueth~ and aU fi~e and w~~ds~orm insvrancc pohc~rs on any of sa~d lw~:d.~~ys, any inrt~est ~here~n w part Iher~ol, in Ihe aggro9ate tum alo~esaid or
in extass Ih~reof, shall :wdain the uswl standard mortyagee dause w such o~hrr t'~uie a~ the A1or~9agee may reqv~re, ma?iny Ihe ioa~ under sa~d pol~ _
c:as. eath and rvery, pa~~u.e to said AlJRiGAGEE as ~rs infrrest n~ay appear, and each .,nd eve~; such pc~:cy ahalt be promptly assgned a~~d delive~ed ~o
eny held by said MORTGAGEE aa iurlhtr trcurity to said mortg~ge debt, and, no1 1°ss than len (10) days in adrance o) ~he exp~rat~on o1 each pofity, to da
I~ver to said MORTGAGEE a renew~l thereoi, ~oge~htr with a rece~pl tor the prerr,~um of tuch ~enexal; a~+d Il~ere shall be no fire or w~ndstwm insurance
p!eced on ~ny of said buildmgi, any imerest ~herem or per~ ~hereof, ~nl.:sa in ~he fmm and wrth ~he toaa pdyJJ~Q as aforesa~d; and in ~he event any sum
of money bcca*+es payable undrr such pol~ty w polK~es sa~d MORTGAGEE shall have the opt.on to receive and apply ~he iame on atcount of the indebted~
neas secur~i hrreby or ~o per:nit sa~d MORTGAGOR$ to receiva and use il ot eny ~t fl~.•:~•~i ior ot„~•r Hun os~~s. v..~ho~! thr. n: wa~+i.~~ o~ ~•rpcin
in~ any equ~ty, Fen or right under or by vinve of this tino:!gage; and in the evenr ta'd MORTGAGORS shatl tor any reason fail to keep the said premiszs so
inwred, or fail lo delrvcr promplly any of said po~~ues of inwrante ro sa~d MOR1GAGtE, or f~il prompNy lo pay fu~ly any pren:i~~m thcrefpr w in a~y .
resprct fail to perform, discharge, execute, effect, canp',rra, co~r,ply ,nith and ab~de by th~s covenont, or any part hrreof, said MORTGAGEC may place and
p~y (w such insur.~nce or any prrt thcreo( w4ho~t waiving or affect~ng any option, lien, :qu~ty, or ~lgM vnder w by rirtue of this Mortgage, ~nd Ihe
f~11 amouM o1 each and e.-ery wch paymeM shail be immediately d~e and parahEe and shall bca. intrrest irom tha date thcreoi until p~id a1 the rate of .
n~: e~r ccntvm per annu~n a~~d ro~;ther ~crh s~cl~ inte~ru shaii tm s<~wr•~d b/ the :it~ Of Ih+i mottgage.
4. To permit, co~nniit w su(fe: no waste, impairrnent or deteriorat~on of sa~J proF:erty or any parl thereot.
5. To pay ali and singular the coats, charqes and expenses, indudu~g a reesonab!e anorney's fee and costa oi aDstracts oF title, incurred or paid at
time by ssid A10R1G<.G:E, because w~n the e.e~t oi the ~a~iure ~n the part of ~ne sa~d MORiGAGOR to duly, promptty and fully perform, d~scharge.
:,~cute, efiect, con,p'.e~e, co•npty w~th and ab:de b~ rach and every the stipu!ations, agrrc~nen», condi~~ons, and covenants o( sa~d p+orn~ssory note and ih~i
n~orrgage any or e~~her, anci s.:.,^' :~sas, charges a~~J exprnsrs, each a:xi evcry, shatl be imm~d~ate'y dve and payab!e; whether o~ nof thrre be notice de
r.;and, attempt to coilect or s~it pend~ng; and the full amou~~t of each ar.d every such paymenl shal~ bea* interest from the dafe thereof until paid at the
~ o~ ~~ne E:er cerr~u•n F.e• .:n~~::n; a~~c' a~t s~~d t:;sn, .1.ae j~e and c~;,r~•ses mc~rred or pa~d, ~ogrth~r w~th suth i~tere~t, shall be seturzd by the ~ien o1 th~s
~ncrtgjgc.
6. That (a) in tF+e event of any brea:h of this Mortg~ge or de!avlr on the part of the MORTGAGOR, or (b) in thc event any ot sa:d sums of money
h=rein reterrrd ~o be not pror.:ptly and fully pa~d v~~~hi~; th,.ry ~301 d.~ys nent a*~er ~t~e seme severa::y 6econm due and payable, wiHwut demend w notite,
cr ~,ci in thr event each and every the stip~OaNcns, agreeme~~~s, co~di;~ons and covenan's of sa,d promissoiy note and th~s mortgage any Or eithM are not
i.~'y. proinptly ar.d fu!!y ~rfo:mc'd, d s;harg~ d. ec_cured, efie:tcd. ce~npteted, cempi:co v.~rh and at~ded 5y, ~nen in e;the~ or any suth event Ihe said ag
~•rqate sum menr~oned in se~d pro~tusso~~~ ne,te then ~e:.•.~:n:ng u~pa~d. wnh inter~;t accr,zd, and aU moneya secu+ed hereby, shatl betome due and pay-
a:; e forthwith, o~ thereafter, at the opr;c,n of s~•:d ,titORiGAGEE, aa fu~iy a~d compie~e~y as ii ail o( the soid sums of money were org~natly sGpuiated
he pa:d oo svcfi d~y, anythin3 ln s~.J F~om;ssory note o+ ln ~h~s Mortgayc ~o the co~~nary not~vithstanding; a»d thereupon w thereaiter a~ ~he opt~on of
s: d ldORiGAGEE, •~~'ho~t r,once e• d«mer~d, su~t at ~aw w in eyu~ry, thrietcre o+ tl~ereairer beyvn, may be proxcuted as if all moneys secured hereby
r matured pnor to ~ts ~ns~itut~on.
7. That in the event that at the beg~cn;ng of or at any t~r.~e pc~~d~:g any sv~t upon this Nortgage, or to forec!ose it, or to reform it, o? to enforte
,~:.~~ent of am~ ca~•ns nrrcu~~~der, e.,id ~'.10RTGr.G~ sha'•; app'y tc the Court h,.~~;y iu~+s.i:aiw~ thereo! for the appo~ntment of • Receiver, wch Court shail
_ ::irh a;;p~~nt a re:e+:cr e! s~~d ~-o•tyej:~cl pr:..~~:ty af: and singriar, irc ud.ry and s~nguiar the i~cane, prafds, issves and reve~ues from whateve?
s_ c, de~~ved. eoch a~ d every of v.•i~.ch, ew •ny -..~:•css!y ~nc•.•s'ced, is ~:e~.-6y r..crrgagad as i4 specifically sef fonh and descnbed in the gra~ting a~d
t~. •:ndum ravses here,f, ~ttcl s~:h Rrceirer sh ~i. h_ .rr aif tne u•cad a~~d etiecr:~e tvnct.ons and powers in any~vise e~tr~sted by s Court fo a Reteiver, and
s.ch appuintment sh,it oe m.ade l,y s~ch Co.r! as a~ .,d~-:;rt..-d cqurty a~~d a mdr~er o~ abso:uie ngM to satd MORTGAGEE, and withou~ refere.~ce to the
ec-_quscy er inadeq~acy ef the v.~lur oi me prop<<ry m~~tgageJ or tc ti:e so.~r:~cy cr mSG:vC~~Cy ot sa~d MORiGAGOR a the defendants, and that suth
-~s. proiirs, intame, lssuas and reven~es si-~at~ ue app~~ed t,y sucn Qec~~~ver acc.:a ~3 ~o the l~en or equity of said MORIGAGEE and the praclice of such
Court.
B. To du'y, pro^~pt:y and ful~y perfo:n:, d~s:hnrye, execurr, effect, co~r.~:letr, co~~;•~~ w~th and ab~de by eack and every the stipulations, agreements,
;~~dHicns and curenants m s3~~ FrochiTOry r,oce ard th's mor~g~ge srt forth.
9. 7hat i~ rhe eve~t fhe ow~enhE~ of the mc•tgaged prer~.ses, o~ a.~y part tncr.;of, lrcomes vested in a person other than ~he MORTGAGOR, ihe
,"~iGAvFc. ~~s s~ccess;rs and ass~3n;, may, w~:fiout r:u+~c_ to ~ne ;',OFT:;.'•02, deae ~,rth <_uch successo~ a successor in interest with reference to this
;~Tgage a~•d the decr F.~•~~ny sec~red in rhe samc ma: ner as .ti;th ~':.o•tgagor vu:thcut in a~y way vitiating w d~xha~ging the IAortgagors' liability hert
:i_r or upon the drbr na+eb: secvred. tho sa e o4 t~•e p*r~,-~srs hcreby rt~ertgaged and no forbeara~ce on the pa~t of the MORTGAGEE or its successors
_ ~ss~gns ar,d ~o extervon et rhe t~n,e for ~he F•dy:r~•ii? :~T the deb! h~r._•b, secured g~ven by the ~hORTGAGEc or its succeasors or ass~gns, shall opera~e
•~ase, dacha+ge, mod,fy cnar.ge or airect tne o~,~~r ai l~,;u:~uy ot tne R,ORTGAGOR he~e;n, either in whole or in part.
10. It Is sprc:f~cal,y ao.eed rha+ r:~..e is of tl~e essence of th~s contract and tF~at no waiver of any obligat~on hereunder or of the obligafion se-
;.;•:d hrreoy sha':. ar any N-~:e th~reafter be r.e:d to 6~ a wawe: of the !erms here~f w of the instr~ment secured herby.
I l. fn ;dcf t o-, i:r.~go , c,.•:n:n:s e` ;:rir.c c,at and ~~rrest reqv~:ed by the prom s;cry no!e se:ured hereby, mortgagor covenants
a agrces ro pay ro n+o:!g3g«, v..=t: ~,._h , e„t ar: add :~na; so•n =+ed by mortgagre to be eGval to l~ 12 of tha annual cost of the follow-
A-A.I rEa! pro~:ty taArs ':e. c.: c• ~sse~s:-u st ri~c ai ~~e cirxr!;.,d r:•~I estate. ,
6-P: ~;,--,s a.~ ~~.e a~:d r:,cdr. :r.s::~a~ c~ ~s nar::n .;-q•;;.~-d +o br carr~-d cn ~ne [m: rov~ments srtvate on the above described premises.
C-Prc•• ~r s on s~_h _;g< cun-3::+~ ,^.sv~a~ -e as rne*tgaa•:e sh3~! '~c. . r r,e ro ra•ne deem fit to carry on the loan secured hereby.
Mo~tgagce sn~ l frort: r~~~~ to ri.:e nc•~fy mert~~gor •n writ,r.g oi ~he a:-ovot d~e ar.d payable hereundrr and wth sum shall thereupan be due and
i '.~:e on the u~r cia~_ cf !~:e re~es ...,^'!,:1 pay-rane a•~d ecch s:,ccessive mor~th the~eaiter unti; mortgager shall not;fy mortgagor of a ehange in such
i ,r.t S~c~ v~ms sF:,,, be a;:~:,rd t:~ morrgr;-•e ~o,~a•d tf~e pay+rsenT of rej! property taxes, msvrance prem;ums, a~~d mortgage guaranty insurance
,;~ms
I IN ~~ITME55 7itiFR_GF, :..e sa ti P.~~`~T~~k'vOt has hereu~to set his h~r.d and xa~ the day and r first afwesaid.
~ S:gned, Sea:ed ard del~ve~ed in the presence of- f~~y ~~s.~'~~
~
~ - _ - ST 3:: : FL~. Sea1)
~ ~'•'r; -~~;aAS Edward J. S' ard seaq
tic*~}, C_:;~ C~URT ~ ~
~ - - ~r • : ~ ~ (Sean
~ - - - - en car ~s~.o
i ly 3 38 P~'15
3 '--;E pF fLORIDA '
~ " st. ~u~~e u~ ~~8:;84
# : >~J'JTY OF - - (
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~ fSefore me personaliy appeared ~M YC~ .J,~ SZCaYd a~
~ ______-_-_.-_j~lQIL_SiCal('~ his wHq tt+ me well known and known to me to be
e individua;s desc~~otd in and wno executed the forego~ng instrumant, and acknowled9ed before me that they exxuted the same fw the purposes
~ ~~.crein expressed. And rh~ :o~d---- KaYen SicaYd
~ :.:Fe of the said _ ~~1~1d .1• Sieard , upon a separale end private
~ •~-n:nat;on by mr t~ten sepa•ate and apart from her sa~d husband, acknowledged to and before me that she executed said instrumem freely and votun-
~ and wrtho~t a~y com~;uls~cn, constrairo, apprehens~on, o fear of or from her sa6d husband.
r
~ Y~tiNcSS my hand and offic;ai seal th~s____~ _ day of__ ~y A. D. 19 75
" _ ~•~z,t~ /3 '
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A Notary Public in and the State of Fbrida at Lar9e
~ My Commission ex s: ~
~ Retwn io: ~ 0 r~ p-
~ First Federal Sa.~r.gs 3 Loan Auoc~~t.on
s ~t c~.~ p...~.,. \,``'i:iyiti~l;•J,.
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;i . fort P~erce. F:cr~dj ~ ~
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~ This Instrument Prepared By Robert A. SwisheY JY. • ~~1~
~ Fi;st Federaf ofvFort P r~e ~ FsloXid~? 33450 ~ u;~,',0~
~ BOOK ~s)c~ ~ , , . V
~ Checked By PACf1t~ ' .
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