HomeMy WebLinkAbout0508 3. To plac~ ~nd con~inuously keep on 1ks buiidiny~ now a Mr~af~er situ~t~ on s~=d I~nd and on all equipm~nt snd p~na?aily covaed by ~hi~ ma~
p~, w~th ~II p~~miumi thereon pa~d in full, fira insu~~nc~ i~ ~M vsu~l •randa~d po~~cy (am, in • tum app~owd by IM MORTGAGEE, and wi~tam
insu~u~c~ in ths wwl ~tandud pol~cy iam, in • wm approved by ~M MORTGAGEE, in i~ch company w compan~y q th~ MORTGAGEE may
dint~; and •11 fu~ u~d w[nd~form insur~nn policies on sny of sr.d bvi~d~nps, ~ny intaas~ thsrein or part thereol, ir~ the ayp~eya+e sum afaiwid w
M~xcess thercof, shatl conlain fh~ wwl standard mor~ga~~ ciavsa w such oths~ tlause u ~M Mat9aga~ m~y rpuu~, maAinp IM b~t undtr u~d po1}
cia, each and every, payab:e to said MORTGAGEE a~ its lntere~~ may appea?, and each and evary ~uch policy ah~11 be p~ompfly sss ~.xd +nd de~ive~cd ~o
~ny hald by said MORfGAGEE ai furthcr ~ecurity to said mor~~spa deb~. and, ~?ot leu than ten (10) d~ys in advanc~ of th~ expira~~on of each pol~ty, to dr i
live~ to uid MORTGAGEE a renewal Hxreof, ~opether with e rec~ipt fw the p+emium o! iuch renewa~; ~nd thsre shall L?e no firs o+ wt~+ds~am in~ur~nc~ ~
plaad on any of said buitdin~i. ~ny intere~t thaei~ o? pan fhereof, unleis in ~F?e fo~m and wi~h tM ioss paYable as aloreiaidj and in the evenl any sum ~ j
of money bccomes payable u~d~r iuch polky « polkies sa~d MORiGAGEE ~hall havo ~M optw~? ro receiw and ~pply tM wme on ~cca,nt o( ~he G+debted-
~sf setuted he~eby or to permit said MORTGAGORS ~o reteiv0 Ond use if W any ptvt there,~l tor otner purposet, without the~eb~ waivi~x~ ot ~mpair•
inp any puity, tien or right u~ a by virtue of this mcr:9sy~; and (n Ihe event wid MORTGAGORS ahall fa ~ny ~~awn fail to Ic~ep ~he s+id p~tmises w
inwred, o~ lail ro delive~ pranptly any of said polrcies o( tniurance ro said MORiGAGEE, ot (ail pomptly to pay fulty any premium thuefq W in any
respect fall ?o pN(wm, d~scharge, exetu~e, e((ecL comp:ete, car~ply wirh and abide by thii cove~wnf, or ~ny parl hersof, said MORTGAGEE msy pl~u and
pay fw tuch ir~sursnte M any parl thereof withoul w~ivinq w sffec!inp any option, lien, equily, or right under a by virtw of lhis Morlgag~, ~nd the
fvll amovnt of each a~d every iuch payme~t ~hall bs immediitely d~e and psyable and shall bea~ intere~f from tM data tl+eroof u~titil paid at ths ra~e ol
nine per ceotvm pe? annum and to3eihe~ with such in+erost shaU be secur~d by the lien uf lhis matgefle.
To permif, commit w suffsr no w~at~, impairment w detcrioratio~ of said property p~ny p~rt ther~of.
5: 1o pay all and sinputar the cwts, chuges and expenses, irtctud~ng a reasonable a~twney's iee and cos?~ of abstractt of titl~, incur?ed o~ paid at
~ny time by said MORtGAGfE, because-or in the event of the (ailu?e on the pan of ~he said MORTGAGOR to duly, promptly ~nd fully periorm, d~xharyR
e~eecute, eifec~, comple~s, comply w~th and •b:de by each and every the s~ipulat~ons, agreements, conditions, and covenants of said p~omissory note and thii
margage any w el~her, and sa~d co~n, cFwrgp and e,cpenaes, each md every, shall ba immediately due and psyable; whether w not ~l~ere be notic~ dt
mand, anempf to collect w iuil pend~ng; and.IM fu!1 amovm of each a~d every svch paymeN shall bear inter~~t frprt~ thO dat~ Ihtreof until paid ~t the
rate of nine per cantum ~r annu:n; and all said custs, charges and eapenses irKU+red W paid, together wdh ~uth ioterest, shall be secured by the lien of thi~
mort9sge.
6. Thst (a) in the event of any breath of this Mortgage w def~ull on 1he parl of the MORTGAGOR, w(by i~ the event ~ny oi said svms of nwney
herei~ referred to be not promptly and fully pa~d wilhin thirty (30) days naxt aftw ~he same uverafty bacome dus and payable, withovt demand or notice,
w(d in the evenf each end every the stiputa?~ons, agreements, conditions and corenanrs ot sa~d promissory note and thi~ mwtg~ eny or either ~re nol
~vly, prompdy and (ut;y periormed, d,scharged, executed, ef(ected, tanpleted, comptied with and ab~ded Sy, then in eilher w any ~vth ewnt 1M said aQ~
y~egate sum mentioned in said prom~ssory note ehen remaining unpaid, with ime~e,i acuued, and all moneys secured hereby, shalt become dw and pay-
able forthwith, or thereaite?, at ~ht optio~ ot said MORIGAGEE, as (ully ~rxi complr~ely as if sll of the said-sums of money were aiginally stipufatcd
to be pe~d on svch day, anything in sa:J pro~nisswy note w in this Mort9age to ~he contra~y notwithstanding; and thereupon ot thereafter ~t tht op~ion of
said MORTGAGEE, withoul not~ce o+ demand, suit at law a in equity, therefwe w thereaftcr begun, may be prosecuted q if all moneys secwed hereby
had matured pnw to its institution. .
7. Thar in the event ~hat at the beginni~ of or at any time pending any su~t upon rhis Mortgage, w to foretlose it, or to reform it, o? 1o enfwcs
payment of eny cl~ims hereunder, wid MORTGAGE: shalt appfy to 11+e Court havmg ~wud~ct:oa thereai for tht appointmeot of a Reteiver, wch Carr1 shall
Fonhwirh appoiM ~receiver oF :aid mortgaged p:operty all and sir~gular, includ~ny atl arx! s~nguiar the incootie, p?ofds, iuues and ~eve~ues irom whatever
saurce derived, each and every of which, it being expressly urulerstood, is hereby morrgaged as if specificaily ul (wlh ar~d desuibed in the granting and
habendum clauses her~of, and such Receiver shatl have afl the broad and effecrive funct~ens and powen in anywise eri~rusted by a Courf to ~ Receiver, and
such appointmeiil shali be made by wth Court as an admitted equiry ar.d a matter of atnotute right to said k10RTGAt'iEE, and witheut reference to the
adequacy w inadeq~acy of the value of the property mor~gaged or to the sone+~cy c. ~nsoivency o( said MORiGAGOR a the defendanri, end that s~ch
rents, profits, incorne, isaues and revenues shaH be applied by such Receirer accord~ng to the lien or equity of said MORIGAGEE ~nd the practice of suth
Courf. _
8. To dufy, promptly and futly per(orm, discherge, execute, e(fect, complete, coniply wiih a~d abide by e+ch ~~d every ths atipulafioos, sgreements,
conditions and covenants ~n sa~d promissory note and this mortgage set fwth. .
9. That in the event the ownership of the mortgagcd premises, or any part thereof, becomes ve~ted in a person other than Tht MORTGAGOR, the
MORTGAGEE, its iucc_sso~s and ass~gns, may, wiiho~t not~ce to the MORTGAOR, deal with such s~eccessa o~ successor in interest writh Ie(ererece to this
mo.tgage and ~he debt hereby secured in the same mar.ner as with hlortgagor without in any way ritiating ot discharging the Mortgsgors' (iabiGty hera
unde~ or vpon the deb~ hrreby srcured No sa!e of ~6e F+emises hereby mo~tgaged and ~w (o~bearaoce on the part oi the MORTGAGEE w its sutcessors
or a:s~g~s and no exrens~on of the ~ime for ihe pay~•ent of the debt hereby secured give~ by tix MORTGAG:E or its successors or au;gro, stiall operate ~
to release, d~scharge, r~od~fy change or af(ect the original 1iab~l~ty of tix MORTGAGOR herein, either in whole or in part.
10. H is spec~f~cally agreed that time is of the essence of tt~is contract and that no waiver oi any obiigstiw~ hereunder a of tM oblipation se-
tured h.:reby shail at any time thereafter be heid to be a waiver of the !erms he.eol a of the instrument secured horby.
li. In add.t~o~ ro rhe fo~ege'~~g month!y payrnents of pr:r+~"pal and ir.re:est requ~red by the prom~ssory nore secvred hereby, mortgagw eovensnts
and agrees to ~ay ro mortgagee w~th each momh;y payment an add ~iona! sum es:~mated by rtsortgagee ro be eqval to 1 f 12 of the annual cost of the follow-
ing:
A-AIS reat prope+ty taxes ievied w a:sessed ayai•ut the above desuibed real estate.
B-Prar~:~u~ns on flre and w;nd:rorm ins~.ance as herein requ~red to be carr~ed o~ the improve~r.e~~s situate on the above desuibed premises.
C-Premiwns on svth mort~,ge g~aranty ir.svra: ce as mortgagee shall from Nme to timr deem fit to carry on the ban setvred hereby.
Mortgagee sha~{ lrom t~me to t~me nctify mor?gagor ~n writing of the amount due and payable hereunder and such wm shaU thereupon be due snd-
payable on the due date of ~he next n;omh'.y payment and exh wccessive rnon~h thereafter ur,lil mortgagee s}+all notify mortgagor ot a change in such
am.o~nt_ Svch sums sh.•`I L-e app!icd by mortgag-~e tuv:ard ~he payment of real prope~ty taxss, insursnte prem:vms, a~xl mortgage guara~ty insur~nce
, premiums.
' IN Y~ITNESS Y.HEREGF, the sa+d MORTGkGOR has hereunto set his hand and seal the day and esr fi~sf atuesaid.
~
S'
e~and e(ivered '
t~ese~ce of: p y t
_ - i~. UCi! COuN~~1L~. +4
- ~OGE~t POtTR~s ~
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afceA~ vca~ .Eo....,,...,,~ o
- ~NL ~Q 9 ~ ~75 K-~n
STATE OF FLORIDA a4~,~J~~ ~
COUNTY OF St. Lt1C~@ ~ ~ ~
- x : . °
Roy E. Hudson ~~,,~.~s~~»,?:;,,~. ~
Before me personalty ana+•red _ ~ . r ~
f
- ht!'~A"~fl, to me we11 knovKa ~ry~1~q~Nl1`N:~ni ~.~~6*i
the individual described in end who executed the fwegoirtg instrument, and acknowledged befote me that '~e ~xetuted 1F~e~tai~ (Arl
. ~r~r-~~'° ;
therein expressed. /G~ lheiae~ ~ ~_T~ =
' wTe Ef'?Fe seia ~ ~ . • ~(iw~ ~
exam~nat:on by me taken separate and apart from her said husband, atknowledged to ar+d before me tbat she exetuted said- i~~rn~y,^ffi~1~.1vo~?+l?' ~
tanly and wrthout any computsion, constra~nt, apprehension, or fear of or (rnm her said husbsnd. t Q~'~r
WITNESS my hand an~ olfic~al seat thSs__ Z1 day of July ~ g~9~
~-cl (1L'lD`-~~•~•~~~....••~~J
v -r~.;
M: -e~-r .
Notary Public in ~nd for tF~e St~te~of f •.}t~.
rp e
_ My Commiuion expires: ~~l T 7_9
STATE OF ~ t ~
r ss.
COUNTY Of ~
Befwe me penonaliy sppeared ~^d
G@fle Cox Hudson hw w~t~, to me well k~o~nrd`~o~.~pp~v~. to me to b~
the ind~vidual described in and who executed the foregoing instrumeM, and ackraw{edged before me that She~ e:ecuted'. ~ ttii purpose~
rr~?~~~ ~x~.~~d. nna ine Gene Cox Hudson
ROy E. Hudson ,
wefe o4 ths said ~Q~P~~• P~
etaminat~on by me taken sepante and apart from her w~d hvsba~d, atk~owledgcd W and before ma fhat she exacufed f~i~~j~~K •
tarily and w~thovt any compulsion, constraint, ~pprehcnsion, or fear of or fran id husband. :}j,`~ ~ G
WITNE55 my hend snd official seal this day of ~1. 9. 19~'
.
_ - - . ~ , e" J
r r
Prepared By: J. Hal Roberts, Jr. ~ -
Rirst Federal of Rt. Pierce, Florida N°~'ry ~"b;;,«; .and.e; ~ st~f• o „Lr~-
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