HomeMy WebLinkAbout1232 3. To place and tontinuously koep on II~e bui!Jinys c.~.v or hereel~er shu+te e:i sa~d ~enJ anJ or: all e~~~i~rnFnt a•id per~onally covcr~~d by this mong•
ege. with all prerniunu ~t~,;reon pa:d in ic.'i fi•e ins~~rantc ~r, the ~~iu.~t staix~a~~l ~:o!Ity loca~, in a eum ~~,p~t:+ed by 11~~ h10RiGA~iLE. anJ ~vin~stur~ii
insuran;e i:i the ~:s~sl stan:l•+rd F.of,cy forn+, in a wm a~,pru,•ed L~y rhe h'.C~RTG.AGEE, in ~u:h con~pany or companiea ae tho MO'tiGAGEE rnay
ciiret; and al{ (~re and wmJstorrn ~nsurancc ~:oi~::~i on eny oi s~~d bu1!d~„gs, any ~ntcrc+t Iheicin or pa;f thtrcof, in tha a4~g~eyatr s,,m a}oroaa~d or ~
in excess ~herecf, stuil contain tha uw.l s~and.~rJ morta~gee dauie or svch oiher c!a~sa as the hl~rigegae m~y re~{u~re, maAi~g thr (ou ~nJer si~J Qoli•
. eles,.eath and rrery. pryabtr to stiJ 6'.ORT~~GEE ss ~ts int~~r~st may_a}-pear, ~nd r.sch and ecery wth po!icy sha{1 br. p~o~r:pt;y aszg~~ed a~~d de~~~'ered io
any hc~J by se~d l.10RTGAGiE as f~~rihe~ s.cvrity ~o saEd ~~:pz~9age d_6s, and. no~ tess ihan ten (1p) ~ays in aci.anc~ of Ihe rxpiral~o~i uf each potic~, to da• .
Iiver tq said :,SpRfGAGEE a reneti•:a~ ihcr~of, loycther witi~ a r~te•pt (or thc prr+nlurn ot suth r:~~ewa'; and ihere shall be no firc or windstor+n insurance ~
placed on any of aaid buildin~s, any interes? thare:n or part ~he~eo(, 4r~'css ir the ~um a~:d .ti;th the loss p~yab!a as afcfetaid; anJ iii t1~e evenl ~ny sv~n j
Of money betorr.es payable vndi-r s~:ch policy or po:~cius s,~~J MORIGAGEE shill ha~e ihe option to ~eceevc and ap;~~y the Samt on account ot the i~idahted- t
ress sew~cJ he~eby or to pernut ea~d h10RTGAGORS to rcceive and cse it or any ,:rt ~h.rcof ior orh~•r l.~rres~s, ~•.:~ho.:t th~..i,~ ~xai~6i7 ~mF~al.• #
ing any equ~ty, (ten ot ti~h! ~n~ler ~r !,y ~irt~r of thls n,o:'.~age; and ~n the evem sr.d A'.t~~2iGAGORS sha~i io+ any ~eason (ai) fo keep the said premises so ^`1 f
insured, or lail to d~live: {•~o~npily a~~y of s~id Fofcirs uf InSUf3!1CC to sa:d A50R1GAGEE, or iail pro~nptly to pay tully any pr~miu:n the~efor or in a~y .
respact fail to pe~lo'm, d~:char9e, execute, e(fed, coni, 1etr, co,npty w~ih and ab~de hy rhls covenant, oc any part ha.=eof, sa~d htORTGAGEE may piace and ~
pay fo~ s~ch insurenca or any part the:coF ~~•~iheut walving or afFectinz~ any oplion, i+en, equity, or ~igt~S ~~~:der or by virtuc oS tfii? ~lortgage, and Ihe ~
f.•!~ s.•wr^~ ^f a~;!~ =.•d every suth paymcN shalt b~~ immed~ately duc and payable and s~~r!~ baar ~nterest froni th~ date Ihcr~ot until po~d at the rate o1
nir.c p°r cen~~nt Fer a~n~:r, an:f tor~eth~~ ~tii!h iuth interc,t a}~~ii i.~ sac~r.d b~ the tien uf th~s morigage. • ~
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d. To permit, .ocrt~nit ot sut(er no viaste, iinpa;m~znt or detce~orati~n of ~sid pro~:e~ty or ar~y Farl thereoi. : ' j
~ 5. To pay` a11 and singul~r tha costs, chi~c~es a~d exp~~~s~s, ~nt!vd+n~ a rcWso+:aiySe attorney'~ fee and cos~s of abstracis ef !itle, incurred or paiJ er ;
er~y ti~r.e by sa~d A10RIGAG~E, hecause or in ~ho e.•ent o~ the (o~:ure o~~ ~ha part of ihe sa~d t.tORTGaGOR ro duty, pron,pNy and futly p,:r(orm, d~scharge,
' executa, eHec+, complete, ca:npty w~th and ab:dr i~y ea:h artd every the sti;~ulanons, agreements, conditi~ns, and covena~~ts o~ sa~d pfo:nissory note and this
mortgagc any or e+~her, ~nd sa~d coz+s, charges ar.d expenses, each and eve~y, sFiall bz immediately c1~e and peyab!e; whe~her or not thete ba no~ice de-
mand, atte~npt to co:lect or suil pe~~d~ng; nnd tfi@ Iull an:ount oi each ar.~ ev.~ry sv:h p3yme^~ s!uS1 bcar iMerest from Ihe data thereof until paid at ~he -
r~t~• o~ n~~,e 4~er cent.~~n f:cr aan.,.n; a~~a s~:d c~.s:s, char~es a~~d cx;~er.ses inw:red cr paid, tofrlher w~lh ~uth i~tetes~, shall be setured by 1he lien of th,~s
, mortgage. - . _ - _ ~
' 6. Tha1 (a1 in 1he evenl of any brcach of this Mor!:r,y-a er defavlt on th.a p:.~l a:f rhe 1.!ORiGl1GOR, or {b) in the event any oi s~:d sums of money
herein re4e~rad to be not prc~np~ly and tu11~ paid .v~,`:=~n-:~:.ry ~30? d~ys nr•~r ai~•_• ~he s~me severa!Iy becom~ Juc and pa7able, witl.uut demand or notice,
or (c) in tha event each and avcry ~he ;1ipu'.ations, agrcC:uvnts, Conditi0:~1 an8 tovenants of sa:d promissory note a~d th:s mortgage any or e~tber ara no1
9uly, prom~tly ar.d fu!ty performe:}, d,s:ha~gaJ. exe:~tad. efFecied. co~:,p,eted. co~npi;ed v.~fh zr.d ab~dcd Sy, Ihen in e~ther oi any such event ths sa~d ag .
gregate sum menrioned in said Fxem~ssory nus~ th~~ remai~i+~c~ unpa~J, with ir.~cr,;u acu~;ed, and att moneye secured hereby, shall becortee due and pay
eb•.e (orthwiih, or lhereafter, at the o~+r~o^ o( sa~d ~A021GAGcE, as (uily a~xJ con~N:eteiy as ii all of :h~ s~id. susns of money we~e orig~nally sGpulated
to he pa'.d cn zuch day, anythiny in sa d pro•i:~sso~y not~ or ~his 1,'.o:tgag_ to Ih~ contrary not.virhstand:ng; and the~eupon o~ thereafter at the option ef ?
snid /.tORTGRGEE, w~sF.out ~ot„e or dama:~d, s~~t at law or in equ~ty, the~e4ure or tR:ercotter 6egun, may be prosecuted as if ati moneys secured hereby . ?
. had mat~red pnc~ to ~rs ir.st~tutio~. . i
7. That in the evc~~~'~}wt at the be9~rn;ng of o: af ariy tim_ pend~r•g any s~~t ~pon thls Mortgage, or to foreclose it, or to reform it, or to Pnforce , ~
payment of any c13;~,~s hereunJer, s=id P.toRrGtiG`_~ shait .=,=pty t~ tfie Cc~,•t h.,~mg ju~~cci:c~:o? +}~e:eo1 for the appo~nt~nent of a Receiver, such Court shsll _ :
Forth.ti•ith apFoinl a recaiver of s~+d n.C!Ig,~sJed ~;c,p_rty a!! a~d sin~utar, ir.civJng o:i_a„d s~n_~~;ar ifie irtcome, profits, issues ar.d revenues from whatever ?
soufce derived, each ard ciery of ~tihich, i~ teiny •a..press;y undrrstoed, is hereby mcr!g3grti ~s if specifically set forlh and described in thc_granting and
FIdE1~RC~U:'1 c'.autes he;r~f, ard wcii Rr:ei~e: shalt hrv_ ai! the b:ead ar~d eftrc~i~~e funct~.c::s and pov.e~s in anywite eMrusted 'oy a l'ovrt to a Receiver, and z"
s~~ch appaintrr.ent sfisll be maB~ by svch Co~rt as an ad:ni~ted equity and a n~atter of .=Lso~ute riyht to said !,50RiGAGEE, and wilhoul re~erence to the ~
adequaty e~ ic,adequacy o4 tt~,e vaive ot ihe pro;:eny mortgaged or to ri~e eo.~encf or i~::o?.~ncy oi said 1."ORiGAGOR or Ihe defenJants, and that wch f
~ rents, prolits, incon,e, isaves and revenues shall f:e appl~rd by auch Receiver ac.ord~:;3 ~o ~he lien o~ equity ot said ~AORTGAGEE and the practice o:,such t
Court. . ' ' -
To d~'Y. pror,~pl:y a~d iuily Fer!or;~~. d~s:ha~ge, execvfe. r{fed. mrr.l.F~te, cc:,:p!y •.e~~h and abide by each and every the stipulations, agreemen?s, 4
cond;t~ens artid covena:vs ~n s3~:i rro;nissor/ n:,~o ~n.! ~h~s n,ongage s.~t forth. - ' ?
9. 7i,at in !he eve^t ~he cv.iersh;~. o( t'r:_ mcrrq~ge3 prem~ses. or a~~y part th<_rcof, becomes ve~ted in a penon other than ihe MORTGAGOR, ihe ?
1'.!ORTG.AGE~, its su<cessrrs arcl asr.~r,s. ~~~_+y, v.:f!»v: ro'1ce to fh_~ :':ORiG~+t~R, Jcal .v;~h s~ch sutcessor or succeisor ;n interest vrith reference to this
murtgzya trd :ha d~e! t;~rehy c•~cured i~~ th~ sa,n„ ,.,,nr.er ac .ti•;ih ,'.lcrtgd~0f :Y~1Rcut ln an{ way vitiating or dncharying Ihe 1.lortgagors' liabilify here- '
under cr. uF-on fh_ d:b+ ncreby secur~d. sa::; of~ tl:e ~.;ercls:~s hereby ~rortgayed ar•d no forhearance on the pan of !hz lAOR1GAGEE ar its ~uctessors
or au~g~~s ard r~o cxters:oa r4 i1~r t;n~e for ~h;~ paym.ent of ti.e de6! he:r6~ securecl g~ven by the N.ORTGAGfE or its successors or assigns, ahall operate .
_ io re~ease, d.5cl:~~pa, n;edlfy chan~e w aff~~t the c:~g~nai i~a~•~:ty oi ti~e H,GRiG.4GOR herein, either in whole or in pat!. ' ~ :
10. Ir Is scec~f~caiiy agrecd ~hat i~~ne is oS th~ rss~_~~cr_ ~f :I;is co~nract and that r,o waiver of any o6figat~on hereunder or oi the obligation se- - ~
cvred h~reby sha'i at any tie;e thereaffer ~e he!d to L•~_ a v~ai.er o4 the !erms hereof or of the instr~meM secured herby. ~ ;
11. In ;u_1,t;o-~ to the ferego"~~g monthi•/ payin:ni: of princ'p,1 dr,d ~:rterest requ~:ed by 1he prom~ssory r?ote° secu~ed hereby, mo:lg5ger covenaMS ~
ar.d a~r~es to , ay to ~rertg-c:~e ~4~~h eich ;~-_o^t!}'y paytr.ern_an ~:ici:=;enjl sum essi~~ared b/ mortg~gee to be equai ~0 1 j 12 0: ihe annual cost of tne follow- r
I -ing, ' ' . ' ' ~
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A-All real F;roperty tdtE•5 ~evird or ass~ssed ag~~~~st trtc ak~ove d~su~;td re-af estite. - ~
- F-Pre~:~u~ns e~ f~re ar=d ~vind5torm ~ns•~•ar.ce ~s fi?r•~:n requ:rea to Ln carried cn the im~rovameits s+tuate on the above destribed premises. ~ ~
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I C-Premiun•s o~ such mn~.g.ge gvarnty ;r,:urar:ce zs mcrtgag~e.sfiall frc~r t'm~ to time deem Iit to carry on the lonn secured hereby. t
lAoriy3gee sha : fr~:n i~•~:r to '~~:e nc.!:f~ ::er!ya~::r in v:~~tir,7 ef tha ~^:a.:at doe and payab+e hereund~r and such su~~ shalt thereupon bc dve and ~3~
~I payahie on th_ du? cat~ oi the r•^xt ==~cnt~i/ Tl~rr,!~;~f a~id eect~ successive T.o^th thereaf;;r ~r:Iil mo~tg3gee shall notify morfgagot of s than~e in such ;
~ ar~:ou~t. $vch soms sF:a'.i he•ap~ued by mor;ga~,e renard the payme:u of rea~ pre;.ecty taxes, insurance. pre:n.~ms, a~d mortgage goarenty insurance ~
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V ~ ~7rGf7'IU~S - ' , - •
!N `~YIir:ESS ':/HEREOF, the s3~d 1IC~RiGAGCR has here~~to set his h3r.d and seaf the day and yea firsl aforesa~ ~
Signed, Sealed ar.d delivereci in tf;e pres~nce of: ` _ J ~
~Il£~ «?i~ `E~S%~~~~~ /Cf (Seal)
~ ~i. ~UGEi ~0~l~I~~ f!-~ H '
\ kCC~L~: ~ :=~TRAS a~ " '
: \~1t,~~ I~~~~ - ~ - r~ ~ - ~v -
. ' r ' ~ ~ fLEFh C~'~':v~~~ CO.L~.` _ (Seal)
~^,;F_ /r - ~ ?fCC~~~: v=~ r'tE~,,...,......~. ~ _(Seal) _
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STATE OF FLORIDia - ~ ~f ~Z ~ y~ • Vll ~ v~~ •
CCUNTY Of _----5~__L11~7~~ 1 .
Befare me perso^~';~ ap;,eared --------------E'L[1I2~.~~_-H11rS~~.-a- Sj.I1.~lE i~i~tl~4' ~+wti~
_ ~ 1ti~.~r+Ee;,..ta me x~eN kno~.vn and Knor:n to me fo be
the ~nd;~tGJdi d_sai~
=d in er.d v:no QXtCUtE:j the fo;c-3c~ng insirument, and acicrow?edged b.afore me that Sheexecuted Ihe same for the pvrposes •
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therein expressed. j~,~~~y~_-^ ;
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wi~fe~o4rl+c~eid-_------ - , ~rys+~+aparalrancl{~iviie _ ~
w~araiartioc~r.c~.~~;ic~-.r.~~?.aad~~sv~td~.f~r~si~.F.~wLao~~'r~a~rvL~cq~d.ia.ar~dl~~~awilaai.~n~xcriJ~iiaid.ioa{w~Lfiae~Yd~LVA~r.~it- ~
Hritrrrd.rritLaw.~ravl~iFr+frr~~owYriis*~{~preL~a~~~1wr~?f.ar.fr~i~r.saiiiwlarrd. " _ - _ .
_ ~•lITNE55 my har,d ard officia! seal this____ 7 day of _ May - _A. D. 19 75 ~
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- Notary Pub~ic in ar.d for the e of Eiorida at Large
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. ' lrty Commission expires: '
~ Return To: _ -
first Federal Savings G loan ~.sscc:ar:on pa«y Pub!+e, ~~O~do at 1a~9~
O: ic~r P:erce. . .
µy Commi:sion Expias Ozt. 30. 197& _ ~
~ Fo1t P~e~re. Ftcritia .
_ - - - Bcndcd by Arrertcon f~~. ~ c~~trr c... - - _ . ~
. . . . _ . ~1!iitllill~~ -Zr'
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7his Instrument prepa~ed 8y wj~~,liam J. Fori~LS '•,~'•r-~',~ ~
~ First~ ~ederal Savings & Loan Associat~on - ' ~~f.+,,p ~ 1 ` • - ~
. " of Fo~ ~ Pierce ~ Flor ida 33450 . - _ . _ : - ~ : ' -
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. . Checkecl B;~ BUOK tt~ ~ ` 1-`' . r ' _
K~eJ~J PAGF~~ ~
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: „ M;~~SS,'3:~i J~ J
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