HomeMy WebLinkAbout0998 .~r ~v .i~~
' ?~tEO ANO REt ~Ot~
iT. ~ C4uN~r, F~A,
~tt~~1~I16WT COY~t
RLqRO vtAMtt~
~I~rIV~ I I
sAatl haw tM a~pt~oa W neeiw and ~pply tAe wm~ on ~coount oi tM ind~M,edn~a Mcund !?~r~Ay or W prrnit
~aid Mart~a~ to ncNw and uM it or u~y p~rt tbKeof for otA~t pu~pow withwt tA~sby wdvias or ir~op~irie~
aar puity. Uso or ri~ht. undK or by virtw of this eno?t~a~a: and !n tM ~v~nt ~aid Marttasor ~haU tor anr n~aoo
tail w kerp cl~ wW prrmisM so in~ur~d. ar tai! to dslivK p~oenptlp ~oy ot Mld potkiw o( f~wnno~ to ~aW
Morts~~„ or taU prornptly co p~r .fuUy ~ny pre~aium tbuetor. or in ~nr n~p~et fail W Pu'lorm. ~Aarp.
e:cute. ettaet. eompbts. comply writA and abide by thi~ covenant, or any Mrt herwf. ~aid Mort~a~ m~y pi~o~ and
p~Y for iuth insunace or ~ny part thereof .vitho~t w~ivios or ~H~cting ~nr option. I~n. pufty or ri~ht undK or by
virtw of tAis mortpp. ud tL~ tuU ~mount ot weA aod ~v~ey such p~ym~nC ~haU b~ ima~ediat~r dw and p~yabh
and ~haU bs~r inten~t trom t!w dat~ tlwreot uaW paid ~t eM nt~ ot t~o per o~nwm pK annum ~s~d to~A~ witL
sueh int~t •Aall b~ Meund by tAs Ibe ot tbi~ mortsap• ~
4. To permlt, tommlt or ruitK ao wa~ta, impainn~ot or det~ioratio~ ot nid propKtr or wy p~rt tl~eot.
6. To p~y dl and ~insular tM eo~ta. cAar~ and upsa~. inciuding re~wnabb lawp~ i teM ~nd owt ot
~bstncta of title, incvrred or paid •4 aoy tLn~ by said Mortp~ bsuua~ ~~lor in th~ ev~ut of tb fallure an ths
part of tM ujd Ma~t~ to duly. promptly ~ and lulir pa[orm, dbcl~r~. e:eeua. eNeet, eoanpl~, oomply with
u?d ~bids by weh u~d wery ths ~tip~il~tbn~, asr~un~nta. eonditJaa~ wd ooveu~nt~ of ~ajd prom{NO~r eot~. and ~
this nwrt~ae. any or eitbK. aad ~aid cwta. charss~ and ~zpsn~. eacl~ and every. ~hal! bs imtMdi~t~r dw and
P~Y~ble. wl~etAer o? not there be aotics. d~mand. ~tt~apt to eollset or ~uit peading: and t!a tup amount ot e~cA
and every ~ueA p~yment ~haU bMr inters~t from tM daN th~reo! unW pai~1 ~t the nie ot tea per osatum per
~nnum: ~nd ~11 wid eost~. charra and upen~ w ineurred or paid, toeetl~ with ~uch inten~t. ~luU b~ ~eeured by
tAe lisn o! thi~ motttap.
8. 7~at 1~1 in tbs event of ~ny brwch oi_ tbi~ mortsap ar d~t~uh on t!~ part of tM Mortsi~. or (bl la t6~
• ev~t ~ny ot wd .u~, ot ~~y e.r«n nt..r~a co e. ~wc ~an~r .,d tunr v.sa ..ich~ c.e dar. oa:t atur tb~
sams ~svenlly becoa~ dw and p~yabM, wtthout d~mand or ootio~, or lel in tM weat e~cb wd ~wqr the ~tipul~tio~~.
~reem~ata. oondition~ aad cownanta ot nid promi~~ory not~ and tl~ mtxtsap, any or ~itl~. ars not doty. .
P?omPUY P~6*m~d. di~C1W~+d. e~eut~d. sH~eced. oompbtsd, oomplied with .nd .bided by. tMo. !a ~it!?~r
ar ~ny sueh event. tM ~aid a~at~ ~um m~ntioned in ~aid promiMOrr nots then rern~iaina uupaid. witb n~t~e~t
~ccrued. u~d all mon~~ ~ecu»d l~er~by. shall become dw ~nd payabi~ fatb~rith. or th~natt~. ~t tbs aption ot nW
MoKgag». ~s /uUp ~ad oompbtdy ~s if all ot tl~ ~aid sum~ ot nomeY *ere ori~inally ttipulat~d to b~ p~id oa
such day. an7K6ie~ in ~ajd P'omiawrr nou. ~ad or in thL moetpp to t6~ oontrar~ notwitlutaodin~ and
tl~errupoa or thsr~att~r at tM optian of ~iid Mort~~pa, witbwt uotica or damaad, ntit ~t law or in ~quity.
cherstora.. or ch«wtc.r ee~,n. mar b. pro..enc.d u u all mon.r. ..eund b~nby e.e m.cur.d prio~ w ie.
iiutitatbn. -
~ T. That in th~ ev~nt~ that ~t tl~e besinnin~ of or ~t aay tim~ p~ndins any snit upon tAi~ mortpp. or to toerclow
I it. or eo r~torm it, andlor to entora p~yeewnt ot ~ey cWena h~nuod~r. wid Mat~gM ~hal1 applr to tM eourt
luvin~ iuri~dietjon thwsot tor tlrs appointm~oc ot . R~e~iwr. acb eourt ~haU tathwit6 ap~wine . R~o~fwr d add
~i~~ P~t7 ~D and iingulat. inctudins aU ~nd siasulat tb~ rwt~ income profita. uaw~ ~nd nwnnN from
j whatever ~wro~ d~riwd. ~aeh and wKy oi whkb. it b~ins upwtr under~tood L hehby mwtppd u if
; sp~eilkally Nc torth and dwa~ib~d in tbe p~ntina and lub~ednm e1~u~a hereof. and ~ueh R~cMvK ~6aU 6~ve ~
' ~11 tM brwd and eH~ctiw Tunctionr ~nd powen in anywi~e sntru~t~d bp a oourt to a Iieceiver. and ~uc6 appoiata~nt ~
` shall bs mad~ by wcb court ~n ~draittad equity ~nd • matter ot ~beolute right to wd Mortgagse. and ~ritM~t
s . referer?os W tM ~deqwep or in~dsquacy o! tAe valus of the prop~ty mortgaged or to tbe ~olveney or in~oiv~ncy
i of said Mortsaaor anNor ot ttu de(endants. ~nd that sueA renta. proftts. ineoma is~ue~ and rsvsnue~ ~h~D b~ apptied
~ by nuh R~e~iv~r aeaordie~ to tl~s lain and/or equity ot ~aid Matgagss and tM pnctics ot wuh oourt_
~ 8. it is undentooQ and ~aed t6~t thii mort~ i~ siwo W Meur~. in addition w tM note or oWiptioo
F above dMCribd aay addiibo~l loan~ or lntiu~s advsnoM m~ withh~ tw~nty ye~r~ trom dau h~nof by tb~ mortpps
; to w1d mort~a~on or ~nr Noc~aor in UW oi ajd mott~a~on ot tM propRt~ banby oonveyd: prov(dd tdt tb~
~ toW unpaid balancs of the indebtedne~s ~scur~d henby ~t any ora tims ~hall not e:cesd Lhe muimum ' priodpai
~ ainounc ot FIVE THOUSAND SEVEN HUNDRED FORTY
(5,740.Q0) n~•~
~ (i f. piw intanwt tlwrson and ~ny di~bur~em~ta m~d~ by the moet~se tor the p~ymsnt ot tasa. MviN or inwuanos
~ on the propartr eneumb~ryd l~enby. with iatere~t on ~uch disburNmants.
3
~ IN WITNESS WHEREOF, the sdd Mortgasor ha~ e:ecut~d t!~ mortg~e under ~eal on the d~y and year l~sia
~ fvet above written.
3 3ignsd. wkd ~nd delivered in tbe presence of:
~ ~ ~ ~ l.~~ 19EALi
~ oward L. arr~ , ,
y - /%Lll c~ii ~,~L~../SEAL?
ancy . rr
~ SfATE OF FLORlOA
~ COUNTY OP 9T. LUCiB ~
~i~ Howard L. Marr and Nancy l. Marr, his wife of Rt. ~2
Box 66 T3, Titusville, FL. 32780
~ to ms w~U kaown iad imowa to er to b~ th~ individnal5 dMnibd ia and wbo u~eubd tM tas~oint hatrum~w
; aad ~clcnowl~ASd b~forr m~ tlut . T~..~l ~:~t~d tM wm~ tar tM p~uposes tl~rain ~zprwa~d.
~
° WI7'NE93 mr b.nd .aa ott~ ..a~ c~t. 4th ~y o~ h
~
t ~`"`L'~
ot~ry Public fn and b"
n~ t!~ Cauncy ~nd 9tat~ Ala~ld.
- dOGK ~J7 PAGE J~J ~rtheri~'n
M~~~r`a ' ~
~ Sept. 26, 1980 ~ -
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