HomeMy WebLinkAbout2372 ~ 3. TO pl~te ~nd conllnuously kcep a~ ~ha buildinflti now or hereatter 9ltuete on said tand and on ali equipment and pcr~onally covored by lhi~ mor~p• ;
~Qe, r~ith •II pran;iu:;:i Iherson pa?c! in IuH, tira tnsu~ance in It:~ vsvai ~~ancfard policy form, tn a wm appraved by ihe MORTGAGEE, art~ ~vlnds!wm i
inwtsnte In Ihe uival ~~andud poi~ty torm, In a svm approved 6y Ihe fihORTGAGEE, i~ wch campany or tompantes ss the MORTGAGEE m+y
direc~! and •II tire and windstorm Insu~an<e policirs on a~y of eaid buildin9s, eny inleres~ Ilureln or part thereol, ln ihe aggrep+~• ~um afaeeatd or
in bxcefs thereof, shall centain ~ha utual standard mort9agao clause or such oiher ciausa as Iha MoNgagee may rtqvira, meMlnp Ihe lost u~ider ~ai~ polh •
~ eie~, wch and evsry, paYab!a to ~aid l110RTGAGEE as iis tnte~est may apFear, a~d each a~d avery iuch poticy :hal1 ba promptly ass:Qned and deHvered lo
~ any held by s~td MOR~GAGEE as (unhar security to sat~ mortgage drb~, and, not less than ten p0) dey~ tn advancQ ot ~ha expira?lor~ of each policy, lo de-
!lver to •atd h10RTGAGEE a renewat the~eol, togeiher with a ~eceipl tor the premium ot svch renew+l~ and ihers ~haU be ~o fire or windttorm Inturonce ,
plsted on my of tald build~ngs, eny tntereil therein or pari thareof, vnle~s In ~hr form and wilh Ihs los~ psyabla a~ siwa~aidf end tn ihe weM any tum
af money become~ payable vnder such pollty or po?icie> said MORTGAGEE ~hall have Iha optio~ lo ~ecaivo and apply tha ~eme on atcovM of the (ndebted~
ne~t secured heraby o~ to permil s+id M~RTGAGORS to receivo and use it a any part Ihercot to~ othcr purposes, withovt ih3reb~ w~iy~ng or nnpair• .
inp sny eqvity, li~n w righ~ under or by viriuo ol ihis mortgafle; and in Ihe ave~~1 ~a~d MORTGAGORS sh~U tor any reaton fail to kcep Iha said p~emise• ~o
~ Insvrad, or fall to deliver pranplly any of said pol~cies a( insurance to ~aid MORTGAGEE, or lail promptly to pay iully e~y pre~nium IMre(or or In any ~
reipect fail to psr(orrt+, discharga, executa, ettetl, complelu, comply with and abida by lhis covenant, or any part hereof, taid MORTGAGEE may place and
pay tor tuch tnsurants or any parl thereot wiihoul walving or aftecling any oplion, lien, eqvity, ot righl ~~der or by vi~tue of thts Mortga9e, •nd Ih~
full •mo~M of each o~ every ivch paymeM shall ba immediately due and payablo and shall bear t~terest (rom the date ~hcrcof un~it peid al the rate ol ~
nina par ce~tum par annum and toge~her with wch (mero~f shaii be secured by the lien o! lhii mwlgage.
1. To psrmit, tommil or iuffe~ ~o wasle, impairment or deterloro~fon oi •eid property a sny part thercof, ~
~ . 5. To pay all •nd tingular Ihe co~tt, cherge~ and expenseo, lncluding a reasenable attor~ey't fee a~d costt oi abstrocts of titlt, kx~tred or patd at ~
` ~ny lime by ~aid MORiGAGEE, because or in ihe evanl of Ihe fail~re on Ihe parl of ihe said MOR~GAGOR to duly, promptly a~d fully perfwm, diycharg~,
•xec~te, aflecl. tomplete, comply with end abide by eath and every She elipula~ions, agreement~, conditiont, and tovenants oi ~afd promitiso~y Rot• and Ihl~
. mtxtg~ge any or ei~her, and said costs, charges and expenset, each and every, shell be immediately dve and payable; whelher or nof th~re be ~otice da
~ msrsd, sitempt to colletl or auil pendingj end the luli amo~ni o( each end evary tu<h paymenl shall bear intoresl from Ike date thareof untll peid a! 1M ~
rate oF nlne per centum per aonvm; and atl safd coflt, charges anJ expanse~ encurted o? paid, Iogather with svch intertst, ~hsll be ututtd by tha lien oi thi~ ~
matgaye. _
~ b. That In the evant of any breach of thts Mortgage or defaull on the part of the MORTGAGOR, or (b) In the eva~l any of •~id ~ums of money
henln re(erred to be no1 promptly and fully paid wlthin thirly (3d} day noxt after the ~ame ieveroNy become duo and payebla, wflhoul demand o~ notice,
or (cy tn the ertnt each and every ~he ~~ipulntlons, egreemen~a, conditions and cavenant~ of said promissory note a~d thi• mortpa4e any ot ei~her ara not ?
~vly, promplly md fully per(ormed, d~scharged, executed, etfec~ed, tompleted, complied with and abided by, then in ei~her or any ~uch ~vtnt Ihe a~id a~ ~ ¢
y~eyat• tum m~n~ioned ln •aid promissory ~ote then remaining unpaid, with lnterest actrued, and all money~ secured hereby, shall becoma d~e ~nd psy
able fathwith, or lhrreafler, at ~he option of said MORTGAGEE, a: tully arni complEiety ai if all of the ~aid iumi of mor?ey wero oriyinallr ~lipulat~d- -
~ to be paid on tuch day, anything in said promitsorr note or in thi~ Mortgage Io Iha contrary notwi~hstending; and thereupo~ or lhere~ltet •1 tM opiion of ,
uid MORTGAGEE, witiwut notice or damand, iuit a1 law or in equity, therefora or thereafter begun, may 6e prosrt~ted ~a If all money ~~tvrad ho~eby
had matured priot to it~ institution. .
~ 7. Thal ln 1M event that st the beginning oF or at any•tlme pending any tuil ~pon thif Morlgege, ot to forectnis h, or lo rofcr+n U, or to eniortt ~
§ paymeot of any claims Aereunder, taid MORTGAGfE shaft apply to the Covr1 hav3ng jurisdiciion Ihereo) for the appointmer?~ of ~ Recelvor, ~uch Couri shell
forthwlth appoiM a receiver of ieid mo~lgaged property all and singular, includ~ng all and singular Ihs tncome, prolits, Iswes and revenw~ ltom whalever
wurce derived, each •nd every of which, i1 being expresily undersiood, i~ hereby morlgaged a1 if tptcifitally :af torlh and deuribed in ths pr~ntinp ~nd
habendum ctautet hereof, snd ~vch Receiver ihal! hava all the broad and effective funct~ons and power• in anywise entr~stcd by ~ Courl to a Recaivet, and
; •uch appolMmeM ~fiall be made by svch Court ai an admiued equity and a malter of absolute righs Io uid MORTGAGEE, ~nr! withouf teferenca to th~
~ adequ~cy or Inadequaty of Iha value o1 Ihe property mortgaged or to ~he tolvency or in:otvency of ssid MORTGAGOR or the de(endant~, ond thaf svth
renn, profin, irtcome, lsive• end revenuei shall be epplied by s~ch Receiver according to ~ha lien or equity of said MORTGAGEE and 1M proctico of such ~
~ ~ Court. '
y 8. To duly, promptly and fully perform, dischuge, execute, eflecl, complete, comply wilh ~nd abide by each ~nd every 1F+~ ~tipulalFanj, apraemsntt, ~
~ tonditkns and cove~antt in :aid prom+uory note and this mortgage se1 torlh. _ i
~ 9. That in fhe even~ tha ownc~ship of the mortgaged premisei, or any part thereof, becomes vested In • petwn ofhet than ths MORiGAGOR, tho
i MORTGAGEE, Hs succesiors snd aseigna, may, without notice to the MORTGAOR, deal with w~h tucceuor or tuccessa tn tnt~raf with roference to thi~ '
2 morl9sge and tho debl hereby tecured in the same manner as with Mortgagot withovl In sny wsy vitiatlnfl or diuhsrginq the Mortflsgots• (i~bilily here- ;
~ vnde~ or upon the debf heroby iac~red. No tale o( the premisei hereby martgaged +nd no forbea~ance on the parl oi Ihe MORTGAGEE or Its wccestor~ ; j
{ or afsign: and no exle~sion of Ihe time tor the payment of the debt hereby secured qiven by the MORTGAGEE ot its tutteitor~ or aasign~, shall operat•
y to releasa, discharge, modify change ar aitect tha original liabili~y of the MORTGAGOR herein, aither in whola or In part.
z 10. U tt :pecifically agreed that time is of the essence of ~his contract and that ~o watver of sny obligaliar~ hereunder or of the obllqetbn sa !
, eured hereby ihall at any lime thereaf~er be hetd to bt a waiver of the terms hcrcof ot of tha instrvment sctured herby.
~ • 11. In addi~ion to ~he tore o:n monthl
g g y paymenf• of princ:pal and interes~ reqvired by the promissory note seturad hereby, moftgago~ tovenantt
snd egretf ro pay fo mottgagee wilh each monthly payment an addit~onal •um estima~ed by ma~pagee to be equal to 1/12 of Ihe annual cost of the follow-
, ~ . .
~ A-All re~l p~operty tazss levied or assessed against !he above described real estate. . '
• B-Premiums on (ire and windstorm insvronco as herein rcqu~red to be carried on the improvementt tltvato on the ~bove tiesuibed premite~.
~ C-Premi~ms o~ tuch mortgage g~arenty insvrar~ce et mortgagee shalt irom time to tima deern fN to carry on Ih~ losn sacvred hereby.
. Mortgsgre thall from ~ime to time notify mortgaga~ in writing ot tbe amount dua and p~yable hero~nder arsd tuih fum thall thetaupw~ ba dw and °
~ p~yable on the due date of the next monthly payment and each svccessive mo~~h thereafter ~Nil mortgagea ~hall nolify mottyaqor of a thar?~• In tuch ~
± amovnt. Such svms shall be a 'ed by mortgagee toward the payment of real property taxes, insurance premi~ms, ~nd mwtgsQs Q~aranly Iruursret~
€ premi~ms.
~ IN WIT VVHEREOf, e sid MORTGAG hat heteunto set hIt hand and :eal the day and ytar firtl afa ald, '
. g d, Sealyd a del(ve in Ihe p1e n ofi ^
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~ STATE OF FIORIDA ~ . . ' _
SS.
3 couNrr o~ S Luc ~e ~ - • . . . ,
Befor~ m~ pfnonafly ~ppssred willi~m Rr--~~i3Y~iLt30W~i' ~d
~ I.ZtiC a~~i Zliii'~i'~~AW~= hl~ w1f~, ro m~ wtll known ~nd known to nw tv b~
€ tM IodivWwls desaibed In :nd who exec~ted the fwegoing instrument and acknowledged before ms fhat thty ~xtcutad fh~ ~rtw fot tht pwpe~sa~
T Luc~.a Ann Dannahower
£ Nierotn expr~ssa~. Md P}H aiA
~ wtts of th~ Nw William R_ J~&nnghgweY? upo~ a sep~srat~ and priwt~ '
~~camination by me taken saparata +nd apnrt ftom her said hvsband, acknowledged to and b~iors rn~ tAat ~M ~xeCVtod ssld iiutrvmeot frealy Md volun-
~ farily snd witho~t any comp~lsion, constr~tnt, epprehension, ot ~ar of er ir«n her ~atd hu~baod. .
~~,r.~ ~ .
WITNESS my hand and offklal N~I thts day of p, ~q
~ ~ , - -r-~ _
~ ~ Notsry Publk In Md fa th~ St~t~ of F{ottda at I.ar~
' My Commisllon ixptt
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