HomeMy WebLinkAbout1671 1 • ~ ` . ~ . ~ , ~ . . ~
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Yo ptip ~~d cor?lkwov~ly ka~p or~ iFa bvitdtnq• now or Mrtaft~t ~ttwt~ on ~a{d bnd ~nc! an all equlpn~n? ~nd panon~lty sovaft! by thle mor~ , ~
~pa. wlth al! pr~mlvm~ lhsrec~ pild M tull, firo i~wtanc~ 1~ tt?s utu~l uirxicrd ~Ikq 1a In a tum approv~d by th~ ia1QRlGAtiEE, ~nd win~lorm
M?~wans~ in ~9» uwal ~~erxlud polky form, M o tum +pprovsd by tM AAORTOIIGEE~ in such camp+ny at co+npaots~ as tM Mt'3RTGAGEE m~y
• d~r+cit u+d i~~ tk~ ind winclsrotm inwr~ntt p~t?cia~ on any of ~ald bulld~»ps, a»y Intws~! thorein or Fa~t tM~~of~ in tM aQ~lrep~ta sum tfor~t+M ctt
~ in ~xtw~ tMrtof, ~MI! c«+t~L? tM utiwi •ta~Hd morlQsg~e tl~u~ ot ~uth olher claut~ a tha Matq~qat may r~quQ~, m~kinp ths los~ undar •~id po!{: •
tih, aach snd w~ry, payabl~ to t+Id M04TGl1GEE ei it~ In1croN may ~ppe~r, and each +nd ~very ~uch poiky ~hal) b~ p~oreptly ais:flnad and diliv~rsd Io
a~y Mid by s~id MORTGAGFF at furthar ~en~riry to ~ald matQaps deb1, and, not let~ IMn ten (10) days in advana oi th~ •xpir~tion of eech policy, fo da ~ '
ItvN to tatd MORTG/?GfE a rwwwal tMreoi, togather with ~ raelpt tor Ihs premlum ot tuth ranew~l~ snd thar~ ~haU be no fir~ or wtndstorm (~wr~nc~
pl~ad on any of saW bulidinp~, any I~terat ther~(n or perl thereaf, uniesf In th~ torm snd with ~he losi payabl~ •t eta~aWj •nd In tF» ovuil any ~urr~
of morrsy b~,~comts payabl• under ivch policy or polkiei tsid MORTGAGEE shall Mve ths option to ~eceive and apply fhe ~ame or~ account of the Indebted~
na~t fau~~d h~reby or to parmit taid MORTGAGORS ro ~ecetvs ~nd use N or ~ny parl thereof for olhcr purposei, whhout thereby watvfng or impair•
} (np any ~qu(ty, ttsn or ~ight undar or by vfrtw of thit morlpsge1 and in ihs evenf +iid MORTGAGORS sMll fo~ •ny ~tason f~il to keep the ~aM p~emises to ~
kuu~ed, ot fail ro dsliver promptly any of sald policie~ of {n~ura~ce to •~1d MORTGAGEE, ot fail promptly to pay fvlly any premium tMrefor or in any '
taptct fsil fo p~rtorm, diuharye, ~x~cute, e}fect, tompl~te, comply wiih +nd sbide by tht~ tovenanf, ot any pirt hereof, ~ald MORIGAGfE msy placs and .
pay fa •uch~ iruvranc~ a any par! tF?~reof wilhout w~lviny a ~f(ectic?~ sny option, Ii~n, equiry, a righi u~d~r a by virtw of ~hl• Mor~a+Qe, end tM
~ fvll amount of tacfi and ~v~~y sueh payment shall be inunediataly dw a+~d p+y~ble and ~h~ll bear intere~t from tlw d~te tixreof un~U patd ~t tt?r r~t~ of ,
nirw per c~nwm pK annum ~nd togNher with s~ch fnterest sl~ail be seturcd by ths lien o! iht~ moripige.
1. To parmit, oommit or iu(fer no waate, ~n:pa(rment c~t dete~tora!!on of seld property a~ny part tMreol.
3. To pay ~H ~nd dnqul~r the cosb, charpet and •xp~n~e~, including e reasonabie ~naney'~ fee and cos~t of ab~u`d~ of tNl~, (ncurrod or patd at .
• a~y iima by uid MORT(3AGEf, batwts or in the evtnt ot the tailure on iM pari of ihe said A+IORTGAGOR to dvly, ptomptly and fully pKfarm, difthsrqR ;
•xttut~, ~tf=ci, tompl~ts, tomply with and abide by •~ch and every tho sripulations, agreemenh, conditlon~, arsd covsrtants oi aid promi~wry not~ snd thi~
A'IOfl~l~ My Ot ~3lMr, ~nd Nid corn, charge~ and expenses, txh ~nd avery, ~hall bs immadiately dus a~ payabl~i whether ar noS tMrt M notica ds~
R+and. ,rt.mpi ro cot~ or wu p.r~dinqJ •nd tM full s+nount of each ~nd avery wch payment thall b~sr (ntares~ from tM date iMraof until paid at tM ; '
rate of nino ptr centum per an~wm; an,d all aid co~ts, charga~ and expense~ incurred a p~id, lagethar with tuch Interal, tlsall b~ savr~d by t~ li~o of ihb
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6. TMt (a) in tM ~vent of ~ny Ixeach of this Mortyp~ o~ default on sM part of tM NWRT(3AGOR, or (b) In tha tv~nt ~ny of sNd wm~ of monoy ~
, hstNn rof~r~~d to b+ not {xanptly snd fuily pa(d wflh(n thiriy (30) days next aher Ih~ serr~ taverally becane dw and payabit, without d~rrwnd o~r notk~, ;
or (e) M tho swnt exh arid w~ry the ytipulationa, a9ream~nt~, conditEons and covenanl~ of said promtssory nole and this mortpags ~ny o~ ~itMr u~ no4
~uty, prompAy ~nd fully performsd, dischar~ed, ~xecuted. effecte~d, completed, tamplied w(th and ablded by, tMn (n tHFea~r a any ~uch wtnt tM ~aid a~
. qr~gat~ wm m~r?liorwd ?n s~id pranissory note then rematr~inQ unpaid, with lntereit xu~td, snd ~II moneys secur~d Mnby, ~MlI b~com~ dw a~d pay, .
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obls fo~thwitfi, or fMn~ftN, al 1M option of said MORTGAGfE, ai fully and completely ss if al) of tha ~ald wm~ of mort~y wer~ ayinslly tlipvl~trJ
~ 1o b~ paid on wth day, snythMp ta i+id promitiwry r?ote or in tht~ Matpa~ ro tho con~r~ry ~otw(thit.ndlnq1 ~nd therwpon u ther~ihN at fM option of
f ~sld MOltTGAGfE, wi?hwf notk~ or ckmand, suit ~t law or In equity, thardore or thereafter bepuq, may bt pro~acut~d u if all mon~yt ~ecund hKeby
t had mat~nd priot fo ib insiitulion. -
~ '7. 1M1 In tM ~wn1 that at th~ bs9trtniny of or at any tirm pendir~ •ny suit upon thi~ Mortp~, or to far~clo~ lt, or to nform t~, or fo enf~orp
f~ paym~nt ol ~ny cl+ims lurevnder, said MORTGAGff th~li apply to fhe Courf havinp juti~dicNon thereof tot tM ~ppoiotmer?t of a Ret~iva, wch Cwn ~MII
iorthwitfi appotnt a ~~ceivrr of ~a~d mortqayad property all and ~Inp~lsr, including all and stnflvl~r tM incom~, pro(its, {uwt and rtvtrtw~ from whaiever
wwct darived, sach and wery of which, tt bein~ exprauly ~nderstood, is hereby mortg~ged as Ii tp~tifiulty Kt forth ~nd da~cribed In tM p~anlinq and
~++bend~xn devirs h~r~of, ind such Rcceivsr shall F?~ve all tM brwd and effatrive function~ snd powen in anywis~ entrvsttd by a Court to ~ Receiv~r. and
wch appotntmtnt ~all be msde by svch Covrt ~n admitt~d equity and a rtiatter of absoluta ri9ht to ~ald MORTGAGEE, and witt~avt ~~ference ta tM
t av
ad~qu+cy or inadequscy of ths value o~ 1M property morfyayad w to the wMency or insolvensy ot satd MORTGAGOR o~ tM deferxlants, snd that wch
~~j.~ rrnq, proftri, incwn~, iuue~ uxl r~renues thall be applied by iuch Receiver accordiny to ths Ilen ot aquity of ~aid MORTGAGEE and tM praqic~ of sush
• i a. To duly, promptiy and fuliy p~rform, diufiarys, execute, effec~, comptete, compty with ~nd ~bici~ by ~sch u~d ~wry th~ 3tlRvlatiom, apnemsnh,
cor~d'itio~u ~nd cov~nants in said promissory note and thtf mortpsge u~ farih. '
9. Th~f In tbs ~vent tM ownsnhip of tM mortga9ed premises, or any part thereof, becort?ts vestsa! In i ptnon otliet tMn tM MORTGAGQft, tfi~
MOkTGAGEE, its successor• and asityes, may, withovi notite to the MORTGAOR, deal with ~uch wccsua or avccessw tn Int~resf wilh r~fsr~nc~ to thi~
morlpapt and tM debt hereby secured in tM ~ame manner ~t wi~b AAortgagor withow (n ~ny w+y vUi~tlnp or d~scharpt~g th~ Mortyayon' Uability h+rr •
undar or upon tM debt her~by secured. No w1e of the premise~ hereby mortpaged and oo forb~~ranct on tt+~ pu1 0l ths MORTGAGEE a U~ sutceewp ~
j.~~ a atsiym and no exttnsion of tho tlme for ths peymenl of fha dsbt haraby secured Qivsn by fM MORTGAGEE w th sutuswtt or ~asignt, ~haG opttat~
ro ttleau, discbarp~, mad;fy chang~ a afftc! tbe wiyinal liability of the MORTGAGOk herein. ~ith~r ln whol~ or In pui.
~ I0. !t Ia specifkally agreed tha~ ttme Ii of tM e:unce of this contrsct and that no waiwr of a~y oblifl~tion he~eunder or of ths obllqatbn M-
tur~d hK~by tMll at any time thereatlK b~ held to be a waiver of the terrt?s hsreof w of ths Instrvment ~ec~r~d Mrby.
11. In addition to the faego,ng monlhly payment~ of prtnc:pal and interest requi~ed by ihe promitwry nets securad hereby, mortps~or CCYfMRf{
and ~9rees ro pay fo mortgagee with each monthly payment an addirional sum es~imaled by mwtgagee to be eqwl to 1/12 qf the annwl cost of the follaw-
~ ~i l1-AU r~al r +
p openy t~xes lavied or askssed ayainit the above desuibed raal est~te.
~ 8-Premiums on firo and windstorm inwrsnu as heroin requ~red to be urried on the improvem~nt• •ffvaf~ on the abovs desuibed pntntit~.
C-Prrmivma on tuch mortgage ywranty (nsvraoce a: martgagee shaN f~an time to time dezrn fIt to ca~ry on 1hs loan ~et~ir~d F»r~by.
i~ Mort9agse sha!! from t;me fo lime noaify mortga9or in writing of tt~e amount due and payibl~ Mrwoder end tuch sum ~hall M?eravpon bs dw snd
; ' pay~bl~ on tM due date of the next monthly p~yment and each succeisivs month there~fter until nwrtqsyee ~hall notify mortg~or of ~ chanp~ in wth "
~r»ount. S~d~ sums shatl be applted by mortpaflee toward the paymant of rea! praperty taze:, Irtwrance premivma, ancl wsorlps~ gusnrtty Inwranca ~
~ pnrnivrt?i.
IN WITNESS WHEREOF, the aId ORTGAGOR ha~ Fw~reunto iet hts Fund and ~eal ths day ~cx! ye+r fint afototaW.
j . • and ~r es~nce ofi ° '
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~ , ; 5TA?E OF ~LORIDA ; . •
. courm oF - - S Luc i e ~ ' ~ ss' • '
` e.f«o m. ps.wn.uy app~and Charle s' W. Powell
l F.l ~ sonn D ~ ~
X' ..~.G]i0~.1 hi~ vrif~, to n» vr+ll known and koown to n~ to b~ `
~ tlN kdividwb dswib~d tn a+d wtw uatuted tb~ forpa~rp kulru+nant, and acicno~wbdp~d b~fon ms tMt tM~r ~Aavt~d ~ aMn+ fa tM pu?poi~ ~
t~.i~? .xp~.a.d. Ma M. ..:a_ E 1 p s~ r~,~,: D„_pn
r.ra ~ ~
M?+t. o~ ~,...w ~l~arles W. Powell .
.x,m~,.~ion up°" a .~p.r.a snd p~wa.
by mR taken sepa~ah and aQari from Fwr saW hwband, aciuvovrf~d~~d to ~r.d b~fon mo that sh~ ~~c~cut~d wld inat~um~nt frKly and volum
twUy and wi~hovt any computsion, eoeutralnt. ~ppreh~rKio~, ~f~K of or from her sa}d huslw~d.
PP~ l
WITkE55 my h+nd ~nd offkia! ~1 th1: ' day of A. D. 19~-
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K Notary Pu k in a.,+.d.f for t?h~a~,b id~ ~ 1~, h~~ .
~ . ~ ~Pti ~.ri~ R.tVffl TOi . O~ /~r cofnf/~L,~OfI V -I0 - .;I ••,i,.
F' sa~?irrp. Lw~, A..oc,.Yron ~3'~„5 ~Otetp ~tc. 3taE! 01 ~cr~:~t r1 ~ t'*e ~ ~ + 18 • :
' Of Fort Pi~ra. ~y COCriiTltSStDR EYplCEf ~iittll T~. ~i+~ ~I ; •
` • foA Pi~rc~. ~
FlaWa M.a~ N A.«r~.. Fw a cn.~ar ~!t ~Q/~g y~
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