HomeMy WebLinkAbout0397 To pl~p ~nd oontMuously kNp on tir buildinp~ now a hKNhM ~i1wN or said I~nd ~nd on ~il ~quipn~nt ~~d p~non~lfy cow?~d by tl+is nar~
~w wMA ~11 p«niuny 11~wn p~id in fvll, fir~ inwr~nc~ in ~M wv+l u~~dwd policy twm, fn ~ ~u~ ~pprowd py MN JNORTGAGEf. ~nd wind~tam
tn~w~na in ~M wvd ~tsndwd pol~cp loreR In ~ swn ~ppowd er Mw MORTtiAGEE. In wcA canp+ny a companiN a tM MOR1G1?GEE nwy
~ncf~ ~nd dl tln ~nd wiedNor~ iiawana policN~ on ~ny of wir bu+Wi~„ ~ny inq.„~ tMnln u prrt tiwr~of, fn tir pp.~p+t~ w+n ~fa~ssW a
In ~aN Nw~o1. drl) aoruain tM wwl u~nd~rd nartppN dwN a wdi ah~r c1a~ a 1h~ Mo.~ppN n+~r rpva~. awkirq N» los~ u~ N~d PdF ~
dM, McA ~nd wKY. Wr~bN a Mid MORTGAGEE a ih inNreq may ~PP~M. and ~acl~ wid ~wry sucl? potrcy •MU b~ pranprly ps:9n~d ~nd d~liv~nd M
~wfr h~ld by wid MORTG/1GfE ~ furtlw wcwih 10 ~aW nwrp+p~ d~M. u~d~ no1 Nu th~n Nn (10) Mys In ~d~~nc~ of tM expl.~~ion of ~ad? Po1icY. 1o d~ '
1~w /o w1d MORTGA!'sEE •~~»w~l tM?wf. top~thw with ~?~o~+p~ fot tM pnmiwn o1 wch ~~wal~ and tl~n ~hall b~ no f'w~ w wlnduam imwa~q
plaar o~ ~n~r of sNd butldM~, sny Mt~M fMrMn or pMt tMrsol, un1~N M tl~ foc~ ~e~d with ~h~ bu pay~bN ~fa~s~idt ~nd tn tln ~wnr ~ny w~
of ~aM1? b~oawM ~rabM w+d~. wch PakY a polic~ wid MORTQA3EE ~Iwll Mw +M ep~ion a tiaiw and ~pply tM ~ on acaoent d th~ ind~b~~
ww Ncw.d Mr~b~r a b pwmM wW MORTG/?GORS ro..uM w+d ua M w•ny part tMreof (w orher purposN. w~~houf ~ha•br w~i~inq a rnpair-
~^Y M11 ~N11. li~n a~ripht w+dM a by virtw oi tN~ w+ort~p~j ~nd in tM ~wM uid AAORIGAGORS thall for aeqr reuon lall fo k~sp ttN uid p~wni~ w
1r~w~d, a f~d b d~lti~? p!anptl~r w~y o~ ~id polGCiH of tnsw~na M wW MORTGAGEE. u 4~i1 p~omptly to pay fully ~ny pNniwn th~.~fa or in anr
~Mp.e~ lap a p.rfanh, ~.dwp.. •x.wa. •H.e~, ooTp4t., ownplr wul+ .nd .bd. br rhN eov.~+an~. or •ny p.r~ h.rwf, ~aid MORTGAGEf may pl~p ~nd
prfr k? w~d~ Mwr~ o~ ~ny part fMnei wifAout walv3np a sfhctl"Y ~^Y oMion, tiM, puihr. or riqh~ w+d~. w by viNw of this Map+p~. ~nd r!q
1uM an~owN o1 Ntl~ Mid rwry ~ WY~k ~MII b~ inu+~diat~ly dw ~nd pyabN aMl ~MII b~a~ inhrsa fran 11» dan tM~~of ueuil p~W ~t Nr r~N o1
~ Rln~ pN oMMUw~ pM ~nwn~ ~nd toqHF~ witA wtA inttr~st ~MII b~ Ncvnd by tM qM o! Mb mo+tOp~.
t Te prn~N. oomnh or wfl~r no wut~~ rn+pa'a,:+.,» or d.~..~a•rioo~of ~aid popary a any p.rf tM.wf.
. 3. To pry ~11 and ~kqvbr Nr ew?~, eh+?p~s ~nd. ~xpN+Ny inefudinp ~~~+sa+~bl~ anwr?~y's fN w+d ewts of ~bsnae» of tetl~, ie~evn~d or p~id
~+~r Hn~ b~r wid MORtGAGEE, b~cwN oa in Nr w~ro of ~M f~ilw~ on rM p~r~ d th~ uid MORTGAGOR a duly. p.ompNy ~nd fully p~.(onn, dach~.y~;
~s~nM~, ~tHcL oompbM. aon~pllr wuh «+d ~bwM by ~ad~ and ~wry tM ~tiPul+tiar. ~W~~~wnt~,, aonditiwa„ u+d wwn~nn of sa~d p~aniswry iwt~ wd ~hii
nar~Yq~ Mq w~i1Mr. and wid ~aM. charpM ~nd ~ap~nNb Nth ~nd wMy. ~Mfl b~ imnwdiat~b dw +nd o+yaW~: wAetM+ a not rhK~ b~ nak~ dr ~
~tNmp ~o ao11M or ~t p~Rnp~ and tF» full ~nwwu of Md+ ~nd w~ry wch p~yn+~m ~Aall b~ar int~rNf fran tA~ dife th~rwf unrFl paid af th~ ~
~au~ of ~ P~r cv~um W? wweu and ~II aid coaM, cMrpe~ sed ~xp~n~n ir~xr~d a p~id, wO~thK w~th wch int~rut. ~hall b~ s~cwd by tIN Iwn of tha
mo~qpw-
6. ilrt W in the ~wnt of wiy bnad~ of th4 Morqap~ or d~f~ult on tt,~ part of tM MORiGAGOR. w(b) in th~ ~wne ~np oi u;d w~n~ of nwiry
~w.+n ..f....d +o t» ~+a p.w~~?y .?~d fi,iy p.~d withi~ tAirty (30) d~ys n~xt ~far the s~ a~vNalljr b~come dw ~nd pay~bl~. withou~ d~m~nd a notic~.
or W b flr wMt ~ad~ w+d wNy ~M sttp~latio~a. ~pn~nwma. ca~irion~ ~nd oown~nes of a~~d prantsw.y non and ri+a ma~ppe a~y a ~irM. ~r~ ea
iuip, pra~+pdy «d TuUy pn}orn»d, di~dwpd, ~xewt~d. ~ff~cted, complet~d, compl;~d wit~ ~nd ~bid~d by, thM in eitker a~ny sucA ~v~nt tM s~id ap~
prpat~ wm m~eaiawd in Nid pramhwry non tMn nrnaininp unP+id. witA in~Ka~ ~evwd and ~11 moe+~ys Newd h~r~by. aMll b~oom~ dw ~nd p~y-
~bN forMwhh, a tM~Nftar. ~t tM option of aid MORTGAGEE. a futlp ~nd aon~pter~ly if •q of th~ uid wm~ of rrwney v,~~~ pqhylly sripul~t~d
ro b~ pid an wt~ day. s~rtAM~p in a7d paniuo.y na~ a ~n tlus Morty~pe ro tM conu~ry ~wrwirluhndirg: ~nd *he~~upon a thenaRK at rM op~ion o~
wId MORTGAGEE. wNhour naica a d~en~nd. wit ~t I~w a in puity. ~~fa~ a~ tMr~~her bpun. max b~ prwecuted u if ~II mor»y~ ~und Mnby
h~d arwnd pr+a w in bwih,Ho~.
7. 7luf !r1 t!M wN~t M~af N th~ b~yinninp of or ~I any tieM. peodinp any Wif ~pof~ Mis MMfy~p~. or M fOrKbN h. Or 10 hfoitn N, w fo ~nforq
D~Y~M oi a~y dainr h~r~~. wid MORtG11('sEE ahstl apply to tM Coun havinp jurisdictio~ tFwreo~f iw th~ ~ppoina+n~nt of ~ Rsc~ivM. wch Cour1 ~Mtl
forHwvNA ~ppoteN ~ nplwr of ptd a~ort{~p~! prop~rty ~11 and u+pul~r. Fnelud,np ol u~d ~inpul~r tM ineom~. pro4i». M~ws u~d r~wnw~ ftom wMtw~r
wura dniv~d. ~fi ad ~v~ry d which, N beinp ~xpr~ly undaaood. a F+tnby mwtyped as if spec~fiully ~t forth and tlMUib~d M th~ 9ru+tinp and
Mb~nd~~n? t1awN Iwwl. ~+d wcA R~hn? ~hall h~w ~tt tM bro~d ~nd ~ffatiw funnw~+* u+d pow~n In ~nyw~ entrusted by a Cou~t b~ R~aiva, and
wd~ ppo~t~nt ~al~ b~ m~ bY such Court a~n ~dmin~d puity uid ~ md1N of abwtu~~ riqht ro uid MORTGAGEE, ~nd withovt nfes~no~ b tlr •
~d~q~r~er er M~d~qu~ey of M» v~lw ot Mw W~~Y ^w~+~W~d or ro tM wnr~r or inwfvMey of s~id MORTGAGOR a tM d~f~nda~th ~nd ~ha1 ~uch
proHer, MKan~, Iw~~t ~nd nv~rwN ~twll be ~pp~i~d by wd~ R~uiwr ~aordinp to tM INn or puity of ~aid MORTGAGEE ~rd tM pactiu d wcA
To dvly. V~P~~Y +^d ~h P~a^+~. ~x~an~. ~H~ct, complN~, cp^Ply wi?h ~nd ~bid~ by wch ~nd ~wry th~ aipulatio~ar pn~n~u+t~, j
aondNforM ~nd oar~eM~ in wid pron+i~sory no~~ u~d tAis n+ortpap~ Kt fath. ;
i
I
' Z~N1 ~I1 1~M IYMIf t~N OWMIMi~llp O~ t~M flW~1~ pfMl~qp• Of My pifl f~lfflp~ blCOfMf Vlft~ (tl ~ p~flOfl O?~Mf f~Mll f~l! ~Tri~?C7'~Q. t~N
MORTtiAGEE. Mr MK~won a+d ~aqna, n+ay, withow no~iue to tM MORTGAOR, dNl with weh tuee~swr or wee~ua in int~nst with nfNM+o~ to tha -
nartOp~ ~nd tM d~M iw~bp Meur~d in tM ~am~ m~ne?~r a with Morrypor wiNavt In ~ny way vH'urlnp a diseharyh+p 1M MortOpor~' U~bility AKr -
a~ a ~pa~ N+~ d~b~ Mnby Mwr~d. No u1~ oi ~h~ pr~eni~ hK~by mo.~yap~d ~nd no fab~ar~nee on ~M put of tM MORTGAGEE a tu woc~s~ws
w wl~ ~nd no ~st~lon of tl» t4n~ for tl» p~ym~nt of tM d~M h~r~by Hevnd plrM by tM INORTGAGEE a ih wca~uon w~ssipm. shdl op~rati
?e +~M~~y 6~e1wp~• nwdifr d+rq~ a aff~et rlw aip~l liability of tM MORTGAGOR 1w~i~, ~ftMr fn wlwb or M p~t.
10. M M ~p~cHkNly ~yn~d fh~t tM~ b of N~e eu~nu of this contr~cr ~nd tMt no w~~vM of any ob~p~t~on h~r~r a of tIN obllpatton ~r
ax~d hM~lry ~11 M~ tY+t~ th~rNhN b~ Mld 1o b~ ~ w~iv~r of tM Nrms herwf a ot th~ irutrwn~M Ncw~d I~by.
I1. In ~dditlon ro th~ forpo:~p monrhly wrn»n+s of p.~~ P•I ~nd inta~st rpui~ed by the p?omisq~y noy secund hsr~by. ~y~ ~ri
a+d apraa ro py b morp~ with ~~ch ma+rhlY paYmMt ~n add~~anal su~+ Ntirr~~ed by mwf9~pe~ to b~ pu~l to 1/12 of tM annwl cwt of t!» folbw-
/1--/UI rNl prop~rty t~aa~ Iw~ed or qNSkd ap+inst the ~bow d~uribed red pute.
HneniunN on fin end wG~dttorm 'xaw~na u Mre~n raqv:red ro b~ urried o~ Me ~enp.ovenNnn s~wn~ on rhs ~bor~ de~vibed pnm4p.
C-?nmiunr on wd~ mwtp~ pvuanfp i~wr~nc~ ~s mwtg~p~e ~hall from Yme to time detm fit to urry on tM loan secwed her~by, '
Mor1p~ ~MII frpn tinr to tim~ natify monpapor in w?itinp of fh~ •mounr dw and p~yabl~ Mreunde? aed wch wm shall therwpon b~ dw and ~
p~yabM a+ ttw due d~f~ of th~ n~xt monti~ly p~Ym~nt ~nd ~~ch ~uccKSiv~ Tonth there~he~ vetil mortyap~t shtN rwtify mortpayor of a chanp~ In auch ,
~rnounf. Sud~ sueer ~Feall b~ ~ppli~d by mat9pee toward the p~yment of real propeny ta:es. insunnce prem:uma. ~nd mortype pwranty inwruip
P~«nl~eM.
IN WITNESS VYMEREOf, th~ utd AAORTGA60R ka~ Mrw~na wt I+h hand and ~I. rhe day ~nd ~na~ fi~t afwa~W.
~ ~ ~1~~ ~ ~ of: fILEO'ANO RfCOt~QED
SL IUC~E COUMTr F~~. ~ ~ p ld.~v ~„q
kOCE~ PO~~R~S Philli B. wers
Ct C~K CiR:'.UI', CCURt 4
.;~~,~~E~~ ~
G. Powers
~~,o~ oE~ zi 9 io AM •z~ _ -
~ ~.~F ~ ~ 3~s32s
p.,,a,,.~~, ,pp..,.d Phillin B. Powers ~
to m~ vwll known end kr~own to m~ to b~
Mv Indhrldwb dMaib~d M a+d who ~a~evud tlw forpoinp fn~trvn»nt, ~ed ~eknowbdp~d b~fon m~ that Nay ~x~evnd tlw s~en~ fa th~ purpo~
t1~~wln ~d. ~c
WITNESS nry hM~d a+d oHkld wal d~y ~ DBCP.Ifl~2' ' ~~'~~f 7
~ ~ U ~ 3.=..._
• ~ • . 6
Nohry ublk (o ~nd for th~ Stit101 fi~idb~f
STATE Of fLORICA ~ t: Mr-.CoerMn~ljp~.~3Qk;~cn...~yA t O G: . c~
COUNTY Of ~ . _ . , " ;.w. iQy'~~y~, ;v ~L ' i :
Mfa~ n» p~.wn~lyr ~pp~.nd _~Y1~II G . Potte~'8 ~ - ~ ~ ' ' - 12:5. l.t~;, ~ 7D!* ~
to n» vwll knevrn
r~k~o~b to ~iir to b~ ~
th~ k~dMdwll dMCrib~d In ~nd who ~aKUt~d Mw forpoteq trotrum~r?t. ~nd ~tknowl~dp~d b~fon en~ tAat tMp ~a~cvt~d thi Mm~, ~fK fM pwpoMa
~hndn ~ocOrNwd , <
~ ~ .•It~~.;i~.~_ ^ ~,Q
WITWESS nry M~d ~nd offkl~t sNl ,
r V , ~~A p-
~Q, r ~
Check~d By N Not•ry ? k a+ «id +o. ~h. siNrot flo1~. : F -
Comnipiow ` ~
Thia instnvaent prepared by s ~ . . : ~ ~%J , -r'~•- ~ ~ ' 4 ' _
• y - ~ ~(^II~At t ~t~
Richard R. Kayes, First Federal ~ R~ ~`~~,`,r-._~; r,.~,.,~.~.:o
Savings and I.oan Assoc. of B04K ~6E t~ t_ ~~.,jf~~+~~rF,tt ~