HomeMy WebLinkAbout2364 3. To p~ace a~d cont~nuously wcep on tlie bu~iJu~gs now o~ here+fter eit~ate o~ sa~d ~and and on aL' rqu~p.nent and perso~a~~y covered by thls mwtg
aye, w~Ih sll prem~ums ihereon pa,d in fuit, f~rr in~~rer:;. in ~he ~suai sta~de~d po:icy Icrm, in a sum aHproved by ~he MORI~AGEE, and w~~d~ttxm
~nwrance ~n ths usual s~andard poLcy fo.m, in • wm approved by the MORiGAGEE, i~ such company or comp~n~es aa the MORTGAGEE may
d~reu; ~nd all f'va and w~ndswrm inswa~ce po~~c~es on any of sa~d buiid~ngs, sny interesl therein w pa~t 1her~of, in ~hs sgyreparo wm alaesaid a
in eaceu ~hereof, shall ;onta~n the u~ua~ s~a~xiard mo:rgagea daute or iuch ot~te~ t~aute as the Mortqagee may reyu~rs, ma?iny Ihe lass undrr sa~d pol~
r~~s, each and everv. payab:e to said ASORTGAGEE as ~.s ~nrrrr~t may apprar, a~~d each and e~ery wch pot~ty tF~all be promptly ass gned a~d de~~~ered ro
eny hr:d by ssid MORIGAGEE as iunhar security to se~d m.wt9age dEb1, and, not less than !e~ U0; deys in ad~a~ue of ~he ax~.i~al~on o1 each poGty, to dr
i,~er to sa~d MORTGAGEE a renewal therroF, ~oge~hs. wirh a rece~pt for Ihe p~crnium o! such re~uNal; end there ahall be no f~ro o~ winds~o~m insuranc~ .
placed on any oi sa~d bviidin9s, any intersit therei~ or par~ ~hereo(, unlES~ i~ fhe iorm and wifh the Ics• payab~e as afwesaid; end 'n, the evanl any sum
of money txcomes payable vndcr such pulicy or polKies wid MORTGAGEE shall have rhe opuon Io reca~ve and apply the ssme on acco~~t of Ihe u~debted~
nrss secured hrreby or ?o permit s~~d IdORTGAGORS to recr~va and use it w any F:ar~ f1~.:rroi i~r o:iur pur; OSri, w~ihO~f thrr~ur xa~.~~ig u~ ~mpai~-
~n3 any cquity, I+e~ w right undar or by virtve of this mw!gage; and in ?he event sa:d MORiGAGORS shaVl tor any ?eason fail to kecp ~Fro said p?emisas w _
~nsvr~d, or fail ro de!ivm promptly any ot said poGues of inso~ante to ~aed MORTGAGEE, or iail promptly to pay fully ~ny premium therefw w in a~y
rrspecl tail to pe~~orm, discharqe, eYecufe. effect, ca~~pletr, coT~pty wiih and ab~de by th~s covenanl, o~ any pa~l hareoi, said MORTGAGfE may ptace a~d
pa.• fw s~:ii - o~ any prrl thercof wiihout weiving a affecGng any opt~on, tien, equ~t~, or rigl,t under a by virtue oi this Mw~gage, and tht `..J
!1 amount of each and every such paym~~t shell tx ~r*unedidtety d~e and pnyab!e at~d shail bear interes~ trom the date thereof un~il paid a? the rate ol
r~er centum per annum o~~d toge~he: ~nifh e~ct~ inrerest sfial, ur s^currd by ?he lien ol ih~s mor~ga9e.
1. To pe~mi?, commit or suffer no wasta, impainnent or deter~oret~on ci said property w any part thereof. _
5. To pay all and s~ngular the costs, charges and e~penses, in:tuding a rBesO~ehle a~iorney i fee ara costs of abstr~cts af tiNe, incurr~ o? paid at
v si~rc by sj~d A1GR1GAGcE, becausa ur 'vi ihe event of thn fiiure on ~he ps~t of the ssid h1pR1GAGOR to duty, promptly snd fully perfwm, d~uharge.
:R~•cute, elfect, cemplete, ccmply w~fh and ab:de by each and ..ery ~he ytip~'auons, agreements, conditions, and covenants of said promissoty note and this
_:~~rgage any or e~rher, and aa:d costs, thargrs and expenses, each and every, shall be immeti~ately due and paya6ie; whrther or not there be nofice d~
r.~ar~d, atteinpt to coilect o~ suit pend+n9; end rf~e fuil amount oi each a~~d every such payment sh~ll bear interes~ trom the date thereof until peid at the
n~ne per cen:~m Hr~ an:w:n; and au sa:d :..srs, chat~es and ex~~~~nscs ~ncurred Or pold, toyether w~th suth interest, shall be setured by the iien of thi~
mcrtgage.
6. That (a) in the event of any breach of this N.ortgage or defa~L• o~ tF~ part oi the MORTGAGOR, or (b) in 11~e eveM sny of said sums of money
h~~~ein rrferred to be oot prar,ptly and fu11y pa~d with;n sh.r~y (3J? days nexs a»er the same severatly become due and payab!e, without demand or notite.
_r ,cj in thr evem each and every the stip~:anans, ayreemeivs, condrtions and covena~,ts o! sa.d promissory note and th~s mortgage any tv either are no1
pro~nptl~ and t~'ly performed, d s:~:+igcd, eYCwt~d. ef4ecrtd, co~np!e'rd, cooipi,ed w.iah and ab~ded 5y, then in either w any such event Ihe said ag
--_~ata sum ment~onrd in sa.d proa,~ssory no~e then ~e,nainmg unpa~d, vnth intere~t scaued, and a~i moneys secured hereby, shail become dve and pay-
ac c fo~thwi!h, u: thereaffer, at the opT~on oF s:.Id M02iGAGEE, as iu~:y a~xJ ca-~p:et-riy as if ail of the said sums of money were onginally sKpulated
ro i~a pa.d o~ such d:.y. anyihin~ i~ sa.J pro.n,ssory ~ote cr :n this 6tortgag•: to th~ con~rar~ notvv~thstand~ng: and thereupon or thereafter at IF~e option Cf
s~;J !dORTGAGEE, wirt.~vt not;ce or demand, w~t at law or in equ~ty, theref..re or therrafter beg~n, may be prosecuted as if all moneys ~ecured hereby
n. d matured pt~ot iu ~i: inst~tvhon.
7. ihat in the e•.ent rhar at the !._ginn:ng af or at any ~ime pending an~~ su~t upon this Mo~tgage, o? to forecbse if, Or to refo~m it, or to enforte
..~~_.~t of any c!+~ms hereunder, sa+d 1I.URTG%.GEr sha!I apply to the Cowt ha.~~=g ~~~~sc1 r.~or~ chereof for the appoimment of a Receiver, such Cour~ shal!
_ .:~th appu~~~t a receiier of sa~d ma•tgayed prolcrty al{ and sin~u:ar, ir.c'~dn~ and s~ngu•ar the income, prohts, issues aod revenues from wh~tever
~
~ _ derived, ea:h ac:i erery ot wi~.i n Li~cg ti.~UfB15~}/ understocd, is her~ty mc: sy ~g•:d as if ipecifically set fo.th ar+d deuribed ip tF~e grantiny antj
•~.~dum clauses hereoE, ;nd s~ch ReceiLC: st:a:; h~,re a4 the br~ad aod et`x~;~e fu~-u o:~s ~nd powera in pnywise entrusted by a Co~rt to a Recriver, and
s_~~ s;,pointment shall t,e made by such Co-,rt as an edr~itted equ~ty artd a matrer o: rbs~:vta r7rM fo said MORTGAGEE, and withcut ~e~etence ro the
,_ty or inadeq~acy of t~~e vawe oi ~h- prepe~t~ mo~tgaged or tc the se.e~cy v ~~~~c:ti~ncy of sa~d M.ORTGAGOR or the defendants, and ?hat sucb
•s proflts, income, issues and re~en~c-s sna~l be appt~ed by such Recc~ver auord~ •_i to the ~ien or equity of ssid MORTGAGfE and the prattite of suth
~-_rt.
8_ To du!y, promptiy and fuily perform, d:s:hac~e, ex=c~te, ei~ect, comp~ete, cc.::;.!y w~th and abide by each and every the stipolations, agrcemeMS,
cl,t:ens a~r! cuvenants ~n si~d prom~ss~ri nr_,;e and tn:a ni~rtga3e set for:h.
9. That in th- eve^! rfi~ o.vne~sir.c of the ~r.ortGayEd pre~~iscs. t• anv pa~t ~hcreof, 'tecomes vested in a prrson other tha~ the MORTGAGOR, the
,~RT.;AG"cE, its successu•s ar,d aas,~ns, ~-~ay, ~v:rl:o~s ~:c~rte to rne Y..JRTGA.~R, deat w~th wch successor o~ successor in interest with reference to this
-~•3:9e and the drbt I:errby sec~r_~d ~n t}~e sa-,:e ma~ener as r.~th ~>:.,-t~3'yCr w~theut ~n any way vit~ating or d~seharging the IJle:tgagors' liability F?ere-
,.,r ur upon the deut 4~ore~y sccvred. P:o sa:e Gi ti e F.~Z~~ ~5•'S hrrruy mertgaged and no fort,eara~ce on the pari of the /AORTGAGEE or its sueceswrs
_~.s:gns and ~o exrer•;:on of ~h~ r,m~ {o. she c:armem vt the drb* Ft?~EL:V sec.,red given by the MORTGAGEE or its successors or assigns, shall operate
: r_ ease, dacharge, mud~Fy ~~,ange o- affecr the or~g,n.~l iiaoi~ty of tne A406iGAGOk i~erein, either in whole or in parl.
10. Ot is spec fIc ~~;y ag~eed rhar t~ ~,e Es of !he es:eec~ of tFls canrroct and that ro waiver of any obfigation hereunder a oi the oblgation se- ~
,_•ed here6y sha~t at any time thcreaher 6e held to 6e a we~ver oi the terms herecf or ot 2he mstrument setured herby.
11 tn acid:r.c~ 'o the fo:cgc '~7 ~~:o•~t~.'y ;:av r:r.rs of p-~: c", 3I :.ed ~~Teras+ requ red by the prom~ssory nore secu+ed hereby, mortgagor tovenants
~.~g.ees to p..y ro rt:o-rg ~gee woh e.~:h ^ o~~rh y„a J~. e• t a~ edu;~~ona' w~~ ~ t+:~ ,r~cf t~ mo~tyagee to be equaf to 1,' 12 of the annuat cost of the foilovv-
!
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A-Ail reat ;;rr_,ac•ty s~xas ir,;e:'. cr a~ses; :s• the ai ove d~•sr. r,;~~d r~ai ~state.
6- r^:.,•..~ ~s un ir.~ and w::~dsto•~~ ins~~:,~ce ~+s ner_~n r.-G.,:.~ri to be cernc;.' ee rhe im.rovements situate on the above d^scribed premises.
C-P.e~~,~v;r:s p~ :~ry mn-i~~ge gus•a.~,•y irts~ra~~cn as R)~.'L,d:B~? sh311 frGn.' t m~ t~ t~me deerr• fii fo edt?y On 1hC IOao 3CCUrCC~ her~by.
?.tortqaq~e :=~a. fr-r to t;:re nc-~'; n•crt:~.,g~r ~n wr6:~ng of fhe a.: o. ~t d~e: a~d poyable hereundrr and suth surn shall thereupon be due and
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' ; o~ thc u:r- d~+-_ of ri,a ~_•xt •z~~! and ee:h s..ccass~.c .~rh thereai~e. u~.eif mc+t a ee shall notif mort a or of a cha e in such
_r.t. Such s~~s s!~3 ~ be appii2d oy mor:gag,e to::a-d tha payment of reai^property taxes, insurance prem~ums, and mor!gage guaranty insurance ?
i
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~ I!~! V.tTNESS YrHER~OF, :~~c sa~d h'•ORIGAvOR has hereu~to set his h~r,d and seaf the day and yea? first aforesaid. .
; Signed, Sea~ and deiiver in the.presence of:
' ~L L rr- ,n
f ~
3 7 ~ J es Patrick Nixon ~a~
~ ~5ea4
a
_ - - - ` ~Sea4
OF fLORIDA. ~
- St . Lt1Cle ~ SS
' .tiTY OF - ~
Before me personall~ appeared _.L~~~_P_dtZ1CIC N1XOA~ a single SC~Ult ~X
to me well known and known lo me to be i
• ~ndividuay desv~bed in and who executed the foregoing instrument, and acknowiedged before me that,he~ executad the same for the purposes i
~ ein expressed. -
~ 7CA~7(9t~* - ~r~+eerv
~ ~.1CflG1CJ~0O~y
~ ~x ~k+.lcx~~~dc
~
~ Y~ITNESS my hand and off"c:a1 seal th:s_____ day o~ ~ A. 0.~9 75 f
•
~ tary Pubtic in and t State Ftorida large
~ y Commiuion e:p~ es:
Retum To:
r' .-::st Federal Savir.gs 6 Loan Associ;;t;on Q ~
~ .~~~~it1f~
~ Gf Furt P.ere^. f~Lfy :i;'_ `-/~8~ . !?i~, ~ .
~ Fort P:rrce. F~~ ~~da Sl. FI1v _c irili~~j`f `,.~~S I~ ~,y ~
M c,- ~ ~ t~. . ~
~ ~l ~i/! . ~
~ .rr. ~ * r ..i;:~ ~4tIR7 (r'~ T-t~, . ;
~=t~3 _ .,,:t.~~ t',~}~'
~ This Instrument Prepared By John W. Collins ,j.';.,c~;,.~ :
~ F~rst Federaf ofvFort P e ~e ~ Association 9 ~3 ~T~ r;
_`J( .sf~ tf~ L~ C..~~~-_ ~ i
~ , Florida
, ^ ` , r
~^,x S~ v`~, ....~~~1~~..
Checked By : ~ = ~ ~
~ : '~~t ' ~
'~~nn~~~`~'~ S
R ~g E2358 .
aoeK 2` ~ac f .
~
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