HomeMy WebLinkAbout1397 To pl~a and ca~linuou~iw ksep on the bulldtngs now or htresfter slivats on ~sid lend tind o~ all equtpmant and per:on~ily cova~e~t! by ih1~ moriy~
aQr, wilh aU istomivm~ Ihareon p~td fn tull, fi~e tnsvronce in the wvel ilenderd policy torm, In A wm •pprpved by the MORTGAGEE, snd wlnd~torm
Inwtarx~ !n th~ v~val ~t+ndird poliry form, in a ium apptortd by the MORTGAGEE, (n tuch tonsp~ny a companis~ a~ tha h10RTGA(3EE m~y
dutcf~ ~nd etl iire and wirx.tirorm intu~anca po!)cies on eny of said lwild~ngs, eny ~nbrest tfiarein o~ pe~l Ihoreaf, In the afl9rcg~fe wm •fonsald ot
in •xcaf thtraof, shall co~t~in ih~ u~val standard mortgag~e clsuse w~uch ather tleu~~ iho N4artga8ce may requira, maktng ~ho lo~~ under •aid poti.
i t4t~, OKIt ~f1tJ OVffy~ paya6le Io taW MORTGAGEE as i1• tntereit may eppaar, and eath and every wth policy ~hyll bs promptly s~e:gned and deliverad to
~ ~ny held by ~ald MORTGAGEE •s turther ~ec~rit~ to iaid mongage deb~, and, :iot lau than ten (10) deyt In sdvsnce af the expiration o( e~ch ~solicy, to da
~ Iiwr to Nid MORTC~AGEE a renewal thereoi, together wtth a trceipt fot Iho premivm of •uch renewal~ and fhet~ ~hall bs ~o fite or windstorm in~urence
~ pl~tsd on any oi w~d buitdtngs. any tntere:t lherein or par? thereof, unlest in the torrn and whh the losi payable aY afnre~aldl ertd In tha ovenl any sum
of inenay 63come~ p~y+ble under ~uch policy or poli<ias •aId MORTGAGEE ~hall have the option lo recetva and apply Ihe iama on account of the Indebted-
ntt~ ~~cwed hereby o~ to pcrmit iaid MORTGAG4R5 1o rccetve And ~oe (t or any part thereaF tor other purFosei, wiihout thareb~ waiving or impair.
{ Iny ~ny ~qviry, lfen o~ r1gh1 under t~ by virtue of thi~ mortgayel snd in ihe event ~aid MORTGAGpRS ihall for any reason {ail to keep the eaid promiscs so
~ kuured, ot f+i) to deUver promptly any of iaid polictes ol insurance to iaid MORTGAGEE, or fail promptly to pay fully any qremi~m fhe~efot or in any
~ ~rtped (~il to p~rform, cfi:chsrge, e~~:ute, effecl, complete, comply wkh and abide by thia co~enant, or any part heraof, said MORTGAGEE may place and
pay ta tuch iniuro~ce or eny parl thereof without waivl~q or affecting bny option, Iten, equlty, or right under or by virtue of thit Mortgaye, and the
full amou~t of tach and every iuch payment shail be immedla~ely dus and payable end shalt bear f~terett from tM ~ats thereof until pafd at the rats oi
j n(ns per cantum Qar annum and togrther wbh ~uch intarest ihall be tec~red by the lien of thli mortgage.
I. To ptrmit, tommit a suffer »o wast~, Impairme~t or deterioretion of said property or ~ny part thcreof.
5. To pay sll and sin9ular the costs, charge• +~d expenws, inctuding a reasonable altorr.ey'~ fee and tash of abllraN• of ti1le, Inturred or pstd et
any ttm~ by ~aid MORTGAGEE, bcause or In Iho avent of the failure on Iht part of ~he said NIORTGAGOR to duiy, promptly and fvlly Qerform, diicharge,
~xacvte, effecf, comptett, comply with and ebida by each and avery the stipviaJions, agrtement:,~tonditiwu, •nd covenants of ~aid ptomissory nota and thli
morty~g~ any ot ~i~he?. and said costt, chargss and expenie~, each and overy, shall be Immediately due end payablej whether ot not Ihere b~ notke do-
m~nd, etttmpt lo collect ot wit pending~ and the full ~mounl of each snd e~ery iuch paymam shatl bea inletetl from the date thsreof unlil Qsld at tM
rats of nine per tentum par annum; and n!I tnld casts, tharges and expentes inc~rred or paid, together wi~h ~uch IntereN, shall be setured by ih~ lien of ihi~
mottppt. .
6. That (a) ln th~ avent of any breach of th(~ Nbrtya~e ot de(auit on ihe part of the MORTGAGOR, or (b) tn the event any of =aid sum~ of money
~ henin r~ferred to be ~ot promptty •~d tully paid wi~hin thirty (30) days nexl aftsr tha ssme feverolly becoma dve and paysble, withoul demand or not(ce,
; Of (C~ I~1 1I?f QVlt11 e~ch ~nd evary the i:E;wla!ions, agreemaRb, conditio~s and covenants of said promissory nole and thi~ mortgoye any o~ eilher are not
~uly, ptompMy and tully perfwmed, ditci~arged, executed, eftected, completed, tomplied wilh and abided oy, tMn In either or any ~uth avent the said ap,
preyata sum mantloned In siid pe.mtsswy note then romsiniog unpaid, witfi lntereit accrued, •nd all rtsoneyt iecured here6y, thall become due end pay, •
able fwthwi~h, or thereafler, a1 the option of iaid MORTGAGEE, a~ fully and completety as If all of the taid tum~ af mor+ey 'vvere originally Nipu~eted
!o be paid on suth day, ~nything tn :aid p~omissory ~ote or in thts Mortgage !o ths conhary notwlth~tsndingj end theroupon or thtreaft~r a! ths option of
uW MORTGAGEE, wlthout notics or demand, sutl st law or in equity, therefa;g or thereafter beg~n, may be ptosacuted ~s if all monaye tecurEd hereby
had matw~d prlor b it~ Inalitution.
~ •7. That ln tho ovent thal at fhe begTnninp of or ¦t any timo pendinq any wit ~pon thii Morty~gs, a ro forectoH ft, or to rafam tt, o~ to anfat~
~ payment of any claims hereunda, ssld MORTGAGEE ihall apply to the Court having jurisdiction thereof tw the sppointment of a Receive?, such Court shall
forthwlth appoint • receiver of •aW mortgafled property all and singular, I~clud~o9 all aod •ingular the income, profiti, Issue~ and revenuei~from whatever
wures derived, e~srh and e~ery of which, it bein~ expressty under:tood, i: he~eby mo~~paged a~ it spac~licslly set forlh snd deitribed In the ~renfing a~d
Mb+ndum ct~vsei hereof, and such Receiver shall Mve all the broad ~ncl effeaive fu~stions and powers In anywi:e en~~usted by a Court to a Recelver, and
] wch sppolnrmant thall be made by :uch Caurt as an admi~ted equity and a ma~ier of absolute righl to taid MORTGAGEE, and without reftrente fo ths
~ adaqu~cy a Inadeqvacy of the valve of the proparty mwlgaged or fo the totvency w insolvency of said AhORTGAGOR or the detendanfs, and that suth
ront~, profits, tncome, iuues and ~evenue3 ihall be applied by such Receiver according to the Ilen or equity oi setd MORTGAGEE end the prectica of euch '
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~ 8. To du1y, promptty and fully ptrform, dischsrge, oxecute, eftect, complete, tomply with and ablda by each ~nd every the ttJpulef)ons, ~grtement~,
- cor?ditkrrtt snd coverwnts in ~~id promi~so?y note :nd thia mwtgage ~et forlh.
9. That In Ih~ event the ownenhip of the mo?tyayed premises, or any part thareof, becomet veiled tn ~ penon other ihan the MORTGAGOR, tM
. MORTGAGEE, It~ ~ucceuor~ sn,d a~sign~, may, wilhoul notite to the MORTGAOR, deal with such iucceuor ot tuccetsor in fntere~t with reference to thia
mortgsp~ and the debl hereby secured in tha isms msnner •s with Mortgsgor without In sny way vitiaNry or dixhar9ing the Mortyagon' Uabtlity here-
€ ) under or upon the debt her~by ucurcd. No iale of the premises hereby mertgaged a~d no torbe~rance o~+ IM p~rt of the MORiGAGEE or its succesion
~ ' 1 or aisigns and no exteniion of the tims fw the payment of the debt hertby :ecvred gtvert by the MORTGAGEE o~ I?i ~uccsssora or ~i~igns, shell operate
i lo re~esu, discharpa, modify chsnge a affect ths original liabili~y of Ihe MORTGAGOR FNrein, either ln whole ot In parL
10. It 1~ ipeciflcally sgreed that time is of ffie essence of this coMract ~n<i that no wsiver of any oblt9alisn hereunder or of fho obllgation ~e- _
cur~d htre4y shall at any time thereaftar b~ held to be a waiver of the terms hereof or of tfie tnstrument aecured herby.
~ 11. In addition to the forego:ng monthly paymtnt~ of princ'pat and lnterest reqvired by the promi:sory rtote ~ecured hareby, morlgsgor tovensn?s •
, and agree~ to pay to mortgagee with each monthly payment an addiBonal sum es~imaled by mortgagee to be eqwl to 1/12 oi the annual tost of tbe follow- ~
} i~`
A-All real property taxes levied or atsessed agalnN the above desuibed real estste.
t B-P~emiums or? firo artd windstorm imurance as herein req~~red fo be carried on the improvemeett ~Nuats on tha above dest~Ibed ptamtu~.
j C-Premlumt en such mwtgage.gvaranty iruuranre ai mongagee sbsll from tima to tlme deem fit to carry on ths lo~n sec~ired henby.
_ Mwtgsgee thall from tlme to time notify mortgagor in writing of the amount due and paysble heteunder ~nd sucb wm shall thereupon be dve ~nd
~ pay+bl~ on the due date of ~he nexl monthly payment and each successive month thereafter uNil rtwrtgagee shalt notify mortg+gor of a change fn tuch
f ! amount. Such tumt shall be applied by rtwrtgayee toward ths payment of ~eal p?openy taxes, imutartte promiumi, ~nd rtwrtg~ge gwranty Inwnna
~ ~ pttmiums.
! 'f WITNESS WHEREOf, the ssid MORTGAGOR h+f herevnto tat his hand and teal the dey and year fir~t sforetaid.
;i:• ~ nacl, ~f and Iiv~r in tM pre~encs of:
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~ ca~n,n oF St . L, ~ r? i e ~ ss' - • .
I- ~ e.for. m. P.na,.uy .pp.u.a Howard W. Eaton '
f • ' _ A~,~A F_ F:,,.s,tnn , ~
~ hb wff~, to me vwll known snd iuwwn to rn~ to b~
Hw Mdivtdwb d~wib~d in snd who ~xewt~d ths forpoinp tr+strum~nt. ~nd scknowt~d~d bofor~ mt ihat tMy exeat~d Me ~un~ fa t!w pwposp
r ~t,.r.tn.x~r....d. Md rt,. N~a MA»r~~~ F_ ~~ten ~
i, i wih of tM said Howard W. E9~',Ori upon a separ~t~ ~nd pri+r~t~ ~
~ examination by ms takan ieperata and apan from Mr said hwband, adcnowrl~dp~d fo, a~d Mfor~ m~ that tM ax~vt~d sa{d InstturtNat frr~ly u~d val
;1 arilr and witlwvt ~ny'compulsbn, corutraint, apprsMnuon, u faar of or fran h~t wid husb+nd. .
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WITNESS my hand ~nd offlclal stal tfit day A. D. 19 ~
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r Kotsry Pubtk in and for Ma St~t~,.$f~ 's ~ t. • ~
~ . . ~ , • My Coemnlulon •xpksss : 1r : -
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~ aN~~~~~~.~.~i~~~I UUOK ~ 80~lts:'d by, A[i1CP~C80 SUI~ ~a
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t• • 1964 DEC ~Y 7 ,
~7 PM 3: ~3 . 7 0 ~
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~ _ ~ = v: . ~~yY ~ RQGER ~OITRAS q.ERK ~ -
~ , : . : ~ r ST. tUC1f COUNTY: Fl.ORID _ . _
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~ :.,~e'~~ ` ~ , ~ . . 8i1AK 1O~ PAGf ~~J 1 _ .
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