HomeMy WebLinkAbout0225 And said Mortgagars, ior ~hcroselves and their heir~, Icgai representatives, svuessor• and ac~igns, hereby jci~lly and severolly covenant +~nd ~flre?
to and with the ~aid MORTGAGEE, itt iuccessars and atsigns:
l. To pay all and fingular Ihe prirxipai a~d intrretit snd the vario~s and ~undry tum~ of monay payeble by vir:va of aaid promitsory notc, and ihlt
mortgage, each and every, promptly on ~he days respeciively tha •ame ieverolly hecome due. _
2. Ta pey +II and ~ingutar the iaxe~, atfetisments, levies, lisbilitiei, oWigations a~d encumbrancet of every nature and kind naw on ~aid de~cribec!
property, or that herea(ier may be impoted, suf(ered, plxed, lavied, or assessed thetaon, ar that her~aftet may be levied or s~seised upon this AAortq-
•ge, or the indabtedness sec~red hereby, each and eve~y, whe~ due a~d payable, according ~o law, betore they bccome delinquent, and before any Int~re~t
attaches or any penalty is incurred; AND INSOfAR AS ANY THEREOF IS OF RECORD THE $AME SHAII BE PROMPTIY SATISFIED ANU DISCHARGE~ OF
^°!L='::vAl 4FfIC1Al 9^C!!!~!E1`!T {SUCH A5, FOR 1NSTANCE. THE TAX RECEIPT OR THE SATISFACTION PAPER OFfICIAIIY ENUORSED
OR CERTIFIED) SHAII BE PIACEU IN THE NANDS OF SAID MORTGAGEE WITHIN 7EN DAYS NEXT AFTER PAYMENT, and in the event Ihat sny thereot ia not
paid, sat~s(ied and discharged sa:d MORTGAGEE may a1 any time pay the same ot any part thertof without waivi~g ot a(fectiny any option, lien, eq~ify or
rlqht under or by virtue o( this mortgage and the full amount of each and every such payment sliall be immediately due a~d payable and shall bear intere~t
lrom the ~ate thereof until paid at rate ot eighl per centum per annun; and together w~~h tvch in?erest shall be secured by the lien of th:t morglaye.
3. To plot~ and contlnuovtly keop on tM bulldinpt now or hereaftar ~ituete on ~~id larsd ~nd on all equipmant and penonelty cov~rtd by thli matp~
-~-r-~, ;,;;z ~;1 ~.=.i=;i;:;~~ 2; pa:3 tn f==!#, tlr= i^s-r=r.sc tn !}r +~sue! st~rdard ~lity form: in e ivm epproved by the MORTGAGEE, a~d windffam
~ Iruuranos tn tM ~wal ~tandard policy form, In e ~um ap~rovad by th~ MORTGAGEE, in such compeny o~ corr+pontt3 s~ ths AIORTGAGEE may
diractj and •11 fire end winditorm Insurance policies on •ny of said building~, ~ny interesl thereln or part thereof, In ths ~ggregat~ ~um afore~+id ar
In ~xcas~ tMreof, ~hall contein the uwal ~t~ndard mortgagte deuse w ~uch other d~usa the Mortpag~e m~y roquire, maliit?y tM !au under •iid po!!-
cte~, e~ch snd' every, payable to satd MORTGAGEE a~ its interett may appsar, end xach n~d every iuch policy fhall be promplly •i~,gned and delivtrtd to
any Mld by said MORTGAGEE as furthtr seturity to teid mor?gaqe debt, ~rx1, no1 leas than ten (10) day~ In adv~nce of the expiration of eath poliq, to da
liver to ~akl MORTGAGEE s ~enewal thereof, together with a receipt for the promi~m of fuch renewal; and Ihero thsll be na firs or windstorm in~vranu
plsted on ~ny of tefd buildinys, any interesl thcrein or part thereof, vnlest in the form and with the (ots payable at aforet~id; and in the evo~t any i~m
of money becomes pay~bla under ~uch polfcy or pol~cies satd MORTGAGEE shall have the option to reteivs and apply the same on account of the indabttd-
' n~ss ~KUred hareby ot to parmit •aid MORTGAGORS to receive and ~se It or any parl thereof for other purposes, wilho~t thereby waiving or impair-
- My ~ny equity, Iten or riyht unde~ or by virtue of this mortgagej and in the event taid MORTGAGORS thall for eny reaion fall to keep the ~aid premiset to
in~urtd, or fail fo deliver promptly any of •aid policies of in~urance to ~aid MORIGAGEE, or fail promptly to pay fully eny premivm therefor ot in any
respect fail ro perform, discharge, execute, eftect, complete, comply with and abide by this covenant, or any parl hereof, said MORiGAGEf iney place and
pay fw ~uch Iniurence or sny part tFa:r~f without wafving or affetting any option, licn, equity, or righl under or by virt~e of this Mortqage, ~nd the
_ .,i _ ,,.ti e,., .6.u F,. :,,,,.,,.d;,e.1~ d~,. ,nd na~a6le end shall fxear InteroN from tha dete thereof ~Ni~ paid a1 tha rate ot
nine per centum per ennum and~together with such interest sha{I be secured by the Iten of thi~ mort9age.
: 4. To permit, commit w suffer no waste, Impairmrns or deterioration of •eid property or any part thereof.
S. To p~y all ~nd ~ingular the co~t~, tharges end expenses, including a reasonable attorney'i fee and costs of abitradt of ti?le, incurred or patd at
~ny tlme by ~aid MORTGAGEE, because u in the event of the failure on the part of the ~aid MORTGAGOR to duly, promptly end fu11y perform, dittharys,
~x~cuts, effed, complete, comply with and abide by aath and every tha ttiputation~, agreeme~ti, condition~, and covene~ts of ~aid promissory note and thi~
mwtpage sny or either, and sa~d cost~, charge~ and expenses, each and every, shall be fmmediately due and payable; whether or not there be natlce da~
msnd, attempt to collect or ~vit plnding; and the full amounf of each and every s~ch payment ~fiall bea~ tnterest from tha date thereof vnti) paid st th~
rate of nine per centum per annum; and all 3aid c~sts, charpes and expen~e: incvrrcd w paid, togelher with ivth (nterest, ihall be •ecured by the lien of thii
morty~y~. _
6. Tlut (a) in the event of eny breach of this Mortgege or defaulf ort ihe part of the MORTGAGOR, or (b) in the event any of seid svm~ of money
Mreln rsferred to be not promptly and fully paid within thirty (30) dey~ next aiter the ~ame ~everally become due and payable, without demand or notice,
or (c) ln 1M evsnt each anci eve~y the stipvlatio~~s, agreemenf~, conditians end covenanh of iaid promissory note and th~~ mortgaga any or either •re no!
~uly, ptomptly end fvlly performad, d~scharged, executed, effected, compteted, cor~plied with and abided by, then in either or any i~th evant 1M tajd ~g
pre9at• ~um menliontd fn ~eid promiesory note fhen temaining unpaid, with interest accrued, and all moneyt seturrd hereby, sF.all kr_come dve and pay~
sbl• forthwith, or thereafter, at the option of said MORTGAGEE, a• fully and completely st if atl of ~he said sum~ of money were or'~ginally ttipulated
to be paid on svch day, anything in sa~d promissory note or i:~ thti Mortgage to the contrary notwithitending; and thereupon or thereaher at the option of
tafd MORTGAGEE, with~ut notice or demand, suit at law or in equity, thereforo or thercafter beg~n, may be prosec~ted as if all money •scu~ed hareby
Md m~t~rted prior to it~ tnstit~tion.
7. That in the event that at the beginning of or at any time pending any svit upon this Marigage, or to foreclose it, or to reform it, or to enforee
psyment of any claims hereunder, said MORTGAGEE ~hall apply to the Cour~ haviny jurisdidion thereof for the appointment of a Receiver, such Gou?t shall
forthwith eppoint a receiver of ~aid morfgaged properfy all and tingvlsr, includ~n~ ell and singular the income, profits, issue~ and revenvei from whatever
wurce derivrd, each and every of wh~ch, it being expre~sly underetood, ii hereby mortg~ged as if :peufically ~et farth and dezcribcd in tM yronting and
hahendum clausei hereof, and tvch Receiver :hall have all the 6road and eff~rdive functioni and power~ in anywise entrusted by a Court to a Retelvtr, and
~vch appointment shall be made by such Court at an edmitted equity and a matter of ebsolute right to said MORTGAGEE, snd without refere~ce to the
adequacy or inadequacy of the value of the property mortgaged or to the ~o~venty or i~solvency of iaid MORTGAGOR or the defendant~, and that tuch
r~nt~, profitt, intcros, iuvet and revenue• shall be applied by such Receiver accord~rfl fo the lien or equity of ~aid MORTGAGEE and the prattice of ~~th
Cotsrt.
8. To dv1y, promptly and futly perform, discharge, execute, effe~t, complete, comply with and abide by each and ~very the ttipulstiort~, ~greemenri,
conditlons and covenents in said promisso~y note and this mortgege tat forth.
- 9. Th~t in tha e~ent the ownership of the morgaged premises, or any p~rt thereof, bemmet vested in a perwn other thsn the MORTCrAGOR, the ;
MORTGAGEE, tti successors and assigns, may, witho~t notice to the MORTGAOR, deal with such successw or tuccessor in interest with referenca to thit ;
mortps9e end the debt hersby securcd in the tame manner si with Mortgagor withovt in any wsy vitiating or~discharyiny the Mortgagor~' IfaWlit~r here-
uncier or ~pon the debl hereby fecured. No ~ale of the premi:es hereby mortgsged and no torbearance on the part of the MORiGAGEE or it~ succetson ;
ot suipru and no exrension of the time for the payment of the debt hereby tecured given by the MORTGAGEE or it• ~vctoesors or ai~iyru, ~h~ll opent~ ;
b nF~a~, discharye, modifr chanye or affect the origin~l Itebility of the MORTGAGOR harein, either in whale o? In part. -
; 10. lt t~ tpetifically agrecd that time i~ of the es:encu of this contrid and that no waiver of any otligation hereuoder or of tF» obligafion ca-
Nr~d Mr~by ~h~ll •t any time thereafler be held to be + waiver of th* tarms hereof w of the instrument •ec~red htrby.
11. In addition to the foregoing monthly payments of print pal snd intereit reauired by the promistory note secured htreby, mortpaQor covenenh i
~ and aprets to pay to rr!ortyagee with each monthly payment •n addition~l t~m estimated by mortg~gee to be eqval to 1/12 of the annval cott of tF» follaw-
~D~
' A-All re~l property texet levied or as:essed again:t the above deicribed real eitate.
3 B-Premiums on fire and windstorm ins~rance ei htrein required to be carried on the improvement• ~ituate on the above detcribed prsrt:iset.
F C-Premiumt on s~th mortgage gvaranty insurance si mortgeAee sh~ll from time to time deem fit to tarry on the loan ~ecured hereby.
' Mortfla9te shsll from tima to time notify morfyaQor in writiny of the amovnt due end payeble hereunder and ~uch sum shatl thersvpo~ bs due and
[ psyable on iha duc~ date of the next monthly psyment ~nd each ~vccetsive month ihereAher until morigagee thall notify mortgagor of a chsnQe in t~ch i
~ tn~ount. Stxh s~m~ ~hsll be spplied by morty~agea toward the payment of reai property taxes, Insurance premi~ms, and mortgage yuaronty Iruvrarxe ~
~ prsmlvms. `
$ IN WITNE55 WHEREOr, t ~aid MORTGAGOR ha~ Fxrounfo set his hand and se+l thr day and ycar fint aforeiaid. '
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STATE OF fLORIDA E)C, V
~ courmoF St Luc3e RQ_ E~f~'P~•t ~ ;,HS. CLERK - '
~ e~.~..~,..~~e+~uya~u~d ST. LUQJ~C~U~~~aver ~ - . : ' . _
.t.,. ' .
i • i~~• ~ . . C fl V e T' hit wOfa, to me wsll kilcwi~ "ir~d: ~rf !e _ reN to 6~ :
f M~? '~.~i irxl who ~xocvted the fwegotnp inshvrn~nt ~nd icknowledped befon mo that they ~x~cvt~d;~i;um~`flfr>>thi.Qt?rposss
, • _ , •~Q -y Milc~red L. Wesver • . -
_ •~xpr.:..d~ .~fj:;~.~c~_ ~ : ~
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4 - Leo C . YJeav~r~ ~ ~ ~~+d rro
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- i~ by- ~ rker~ ~sfe~ and ~part from her said hvsband, ~cknowledyed to •nd befor~ ms that rhe execvted iafd Tn~trum~At•fre~ly.snd•Joluo-
~ ~r~ a~,.~u~r'n;y cbm~ton, constratnt, appreh~n~ion, or fear of or from hsr aid hv~band.
i ':VV~Q~S ~x~ ~ v~T'k41 ~e~l thiL ~ l 8 t day of A D. 1~~
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fE"~,' ~:~t Hotary ~ublk fn ar.d Stsis of Florld~ ~t LerQs
: 1~;jf~tt~ ~~t! A~?~~'~''"`, Nly Cort~mfo~ton ~xptr .
Rtturn To: Notary Public, State of Florida at Large
CiH:snt Fsd~r~l S~via9f i Lo~n Association My Commissian Ex~ires ~~larch i, 196~
Of S1. ~Y~~~ COYflFr forded 8y Amer~can F~c~ 6 Gsua!~y Co.
Ft. P~~rce, Flaida 800K~~~