HomeMy WebLinkAbout0911 And ~aid .'."atgagors for Ihemselvei erd iheir hei~s, legal representalrves, succe~sort and assign~, hereby jointly and sevtrally covenanl end agree
to and ~vith ~he said MORTGAGEE, its successon and ass~gns:
1. To pny all and s~r.gular thf princlpal and inlerest and the various and aundry tums of money payebte by virlue of ~eid promissory ~ole, and thi~
mortgage, each and every, promprly on the dayt respeu~vely !he sarne ~everally become due. .
2. To pay all and ~ingular tl~e taxes, as~essmenls, levies, liabili~ies, obligalions end enc~mbrante~ oF every nature and kind now on iaid desttibrd
proper~y, or that hereafter may be ~mposed, suf(ered, plated, levicd, or assessed Ihereon, or ihal herea(1er may be kvird o~ esss~sed ~pon thi~ Morf~-
age, or the indebtedness se~ured hereby, each and every, when due and payable, according to law, befo~e ~hey become delinquent, end before any i~tsras~
attaches or any penal~y is inc~rred; AND INSOfAR AS ANY iHEREOF tS Of RECORD THE $Ah1E SHAII 8E PROMPTIY SATISfIED AND OISCNARGED OF
RECORD AND TNE ORIGI~AI OFFICIAI DOCUMENT ISUCH AS, FOR INSTANCE, iNE iAX RECEIPT OR THE SATISfACTtUN PAPfR OFFKIAILY ENGORSfD ~
OR CERTIfIFO) SHAII BE PtACEU IN THf NANpS OF SAID MORTGAGEE WlTHIN iEN DAYS NEXT AFTER PAYh1ENT, and in the event that any thereof is ~o? ~
paid, sat~sfied and discharged sa:d MORTGAGEE n,ay at any time pay the same or any parl thereof v~i~hout ~vaiving or affectir.g any option, Iien, eq~ity or
~iqht under or by virtue of Ihis morigage and the (ull amoum o( each and every •uch payment shall be immediately due and payable end shnll bear +~terest
~rom the date the~eof ~nt;l pa;d dr rate of eight per centum per annum and together w;th such interest shall be setured by the lien of th's morglage.
3. To plac~ and con~invouilv keep on the buildingt now or hereaiter ~itusta on seld I~nd end on ell equipment end per~an~lly covered by thft mortQ-
~p~, wifh •II premium• Iheraon paid in full, fire in~~rence in the usual •tandard policy form, in e tum approved by Ihe MORTGAGEE, a~d winditorm
Iniurants (n tha uiuat ~tanderd policy form, In a sum spprovcJ by the MORIGAGEE, in tuch company or compenie~ a~ Ihe A10RTGAGEE may
diredj ancl ~II fire And wind~torm iniurance policie~ on any of said build~ngs, eny interest therein or pert thereof, in the aygrrgate •um efore~eid or
In ezcet~ thareof, thall co~tain the utual ~t~ndard mortgegee clause or such orher cbuse as the Mortgagee mey require, makinq the 1~u vnder ~sid poH-
cFa, eath ~nd'every, payabte to ~aid MORTGAGEf a~ its intere~t may eppear, and each and every such policy shall ba promptly ess.gned end delivered to
any F.eld by ~aid MORTGAGEE a~ furlher stcurity to said mor~gage debt, and, not lei~ than fen (10I dayt in advance of Itie expiratian of each policy, to dr
liver fo •eid MORTGAGEE a renewat thereof, together with e receipt for the premium of such renewal; end there shall be no fira or windstorm iniuran:e
pleted on eny of seid buildings, any intereet therein or part thereof, unlesf in the form end with the losi payabfe as aforetaid; and in the evant any ~um
of money become~ peyable under ~uch poticy or pollcies said MORTGAGEE shall have the option to receive and apply the :ame on account pf the tndabled-
ness tecu+ed hereby or to permil aaid MORTGAGORS to receive and use i1 or any part thereof For other purposes, withoul thereby waiving or impair-
Ing •ny equify, lien or right ~nder or by virtue of this morigage; end in the event ta~d MORTGAGORS shall for any reaaon fail to keeo the iaid premisef so
tnfured, or fail to deliver promptty eny of seid policies of insvrance fo teid MORTCAGEE, or fail p~omptly to pay fully eny premium Iherefor or in eny
retpett f~il lo perform, discharge, execute, effed, complete, comply with nnd abide by thi~ covenant, or any part hereof, ~aid MORTGAGEE may place and
pay for tuch fniurance or any part thereof without waiving or effecting any option, lien, tquity, or righf under ar by virtue of this Alortgage, and the
fult emount of each end every iuch paymenf shall br im~nediately dur and payeble and shall bear intereet from the dnte Ihereof until paid al the rate of
nine per tentum per annum and together with such interest shal~ he secured by the lien of fhis mortgage.
I. To permit, tommit or suffer no waste, impairment or deterioration of said properfy or any part thereof.
5. To pay ell and singular the <o~ti, charges end expenses, including a reasonable etterney's fee and costs of abs~ract~ 01 title, incurred or paid at
~ny time by said M(1RiGAGEE, becau~e or in the event o! the feilu~e on the Fert o( the saio h10RiGAGOR to duly, promptly and fully pxrform, diicharge,
•xecute, effect, complete, comply with and abide by each and every the •tipulations, agreements, tonditions, and covenen:t of said promissory note end thi~
mortgege any or either, ar.d said coiti, charges and expenses, each and every, shell be immediatety due and peyable; wh.ether or nof there ba nofice de
mend, etttmpr to collect or suit pending; ar.d the full amount of each and every t~ch payment ihcll bear interesl from the date thereoF until paid at the
rate of nine per centum par annum; and all said costs, charqes and expenses inc~rred w paid, together with such inierest, shalt be secured by ihe tien of thit
mortyafle.
6. Thet (aj in the even? of any breach oF this Mortgnge or defau~l on tha part of the MORTGAGOR, or (b) in the evenf any of teid s~m~ of money
hereTn roferred ro be not prompNy and fully paid within th~rty (30) days neat after the ~ame ~everaiiy ~ecO~~~e d~~ ai~v payab!e, ti:tFcu: wa;aar,d cr n_ti:s,
or (c) in the evenl each and every the st~pulations, agreemznti, cond~tions and covenents of ~a:d prorr~I:sory nore and fh~s moitg~ge any or either •re not
~uly, promplly and fully performed, d~scharged, execuled, effected, completed, tomplied with and abided by, then in either or eny iuch event tha •eid a¢
pre9ete sum mentioned 1n ~aid promissory note then remaining unpaid, with interest accrued, and all moneyi secured hereby, •hatt betame d~e end pay~
a6t~ fcrthwith, w thereafter, at the option of ~aid MORTGAGEf, as fully and completely aa if all of Ihe said sums o( money ~vere originally stipulated
to be paid on such day, any!hing in said promissory nate or in this hlortgage to the contrary notwithstanding; and there~aon or thereafter at the option of
~aid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereaftrr begun, may be proiecured ai if ell moneys ~ecured hereby
had maturtd prior to it• inititution.
7. That (n the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foredose it, or to reform it, or to enforco
psyment of any claimt Fereunder, said MORTGAGEE shal) apply to the Court heving jurisdiction thereof for the appoiromenl of a Receiver, such Court shell
Forthwlth eppoinf a receiver oF iaid mortgaged property all and singuler, includ~ng all and singular the income, profitt, i~sues and revenue~ from whatever
wurce derived, each and every of which, it 6eing expressiy understood, i~ hereby mortgaged at if speciiicatly set forrh end describsd in the grenting end
hebendum clsuses hereof, and such Receiver shall heve atl the broad and eflective functions end powers in anywise ent~usted by a Cow1 to a Receiver, and
~uth appointment shall be made by such Covrt as en admitted equity and a matter of absolute right to •aid MORTGAGEE, nnd without reference to the
eda~uacy w inadaquacy of the value of the property mortgaged or to the ~olvency or insolvency oi said MORTGAGOR a the defendanti, and that such
renta, profif~, income, issues and revenues shall be applied by ~uch Xecewer accord,np io ine iien or ry~~~y -v~ ~o+~
Couft. . r:._'.'__ _
S. To duly, promptly and fully perform, discharge, execute, effett, complele, tomply with and abide by each and every the stipulationt, egreemenis,
condition• and tovenanis in said promi:soty note and this morlgage ~et forth.
4. That in the event the ownership of the mortgaged premiaes, or any par! thereof, becomes vesfed in a person other than the MORTGAGOR, the
MORTGAGEE, itt •~ccessors and assigns, may, without notice to the MORTGAOR, deal wiih such successor or •uccessor in intereit with reference to this
mottyage end tha debt hereby secvred in Ih~ same manner at with Mortgagor without in any way vitiating or ~discharging the Mortgagors' liability hera
under ar upon the debt hereby ~ecured. No sale of fhe premises hereby mortgaged and no forbearance on the part oF the MORTGAGEE or its succestors
or ~siigni end no exten~ion of the time for the payment of the debl hereby secured given by the MORTGAGEE or itt •uccessor~ or assigna, shall operats
!o rokrs~, discharge, modify cF~anye or affect the origirat tiability of the MORTGAGOR herein, either in whote or In part.
10. It ft specifically egreed that time ii of the essence of this co~tract and that no waiver of any obligatlon hereunder or of the obligation se•
cvred henby ahall at any time thereafter be held to 6e a waiver oF the terms hereof or oi the instrument securod herby.
11. In addition to the foregoing monthly payments of princ pal and interest required by the prom~ssory note stcured hereby, mortgagor covenents
and ayreet fo pay to mortgagee with each monthly payment an additional sum estimated by mort~c~ee to be eqval to 1/12 of the annual cost of the follow-
IrtQ:
A-All real property taxes levied or assessed agains~ the ebove described real estate.
8-Premiums on fire end windslorm insurar.ce as herein required to 6e ca~ried on the improvements situate on ?he above described premi~t~.
C-Premiumf on suth mortgage guaranty insurance a• mortgngee shall from time to time deem fit to carry on Ihe loan srturtd hereby.
Mortgagee shall from time to time notify mortgagor in writing of ihe amount d~e and payable hereunder and iuch sum ihall thereupon be dve and '
payable on the due date of the next monthly payment and each svccessive month thereafter vntil mortgagee sha'I not~fy mortgagor of a change in ~uch
smount. Such iums shall be applird by mortgagee toward the payment of real property taxes, tn~~rance premiums, and mortgage guerenty insur~nce
premiumi.
IN WITNESS WHEREOF, ths ~eid MORTGAGOR ha~ he~.ey tp. t h't f~' d e I ~d ax and ear fir:t afore~aid.
SiQned, end de ' the pre~enco of: r t~ t~ ~v C U ! ~
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STATE OF fLOAIDA i ~~~i~~~ ) ~ ,~•.\••`•'~':j.: ;
courrnr oF ~,u~ ~ a: ~ rc _ : t ~ : ~ s ~ ~ r, K . . ~
- - e.fo.a n?. per.u?.Ny .pp?a~ed 1..~ ~ ~ ls U ;
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~ ~ra • F' hi~ wife, fo me weH knowiP ~Rd t~igv~p 1O .
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1f~ I+~fi!~ ~{?~d~
~,J~~; n utd wM executed ths foreyoiny i~ilrument, end Acknowtedyed beforo me thet they eicefytecj tfi~ sams`fa~~tM~'p3tposet t
th~n`1~pret~dd.'•~A~fd~;~aid t'era ::fl!!1~'J16 ' . ~ }
~j ~.t}~ ::yi,~"...i " : ;
~yd o~~~ D. J. ~'Ai!lble Nt~+~a'.tK~?Y?e srid p~lve» ;
; watiqt~ ~j"ine takon~e~,~atfle ~nd spart from her said hwband, acknowledyad to and bafore me that she executad setd~tAtirvminf fi+esly~•s1Hl.volwr
~ far ~r ~sn~•withput~4ny~ cofipul~n, con~traint, apprehension, or fear of or from her seid hwbend. . -
~ = 7;W(~n~t~5`mY h,~ artd offici~l ~eal thi~ 15 f~~ da of -
Y ' .A. 0. 19~._ .
~ ; P U 6~ : ;
r s
_ -.~~fi,~ V~~~~`._ NoTary Public ln a~d i t St~1o of F(orid~ ~t tarq~ ;
; ' / a My Commii~ion ~xpire ~f
` ~~''f~+i ~•.3''~~~To: ~ tsotar Fubfc, State oi Flo+ida at ]969. '
Cili:~ns F~dsral S~vings ~ Lo~n Associ~tion r . -:?es Mzcch 1. '
a~ T ~St4:1 ~i
Of Sf. ~Vt~~ COY~ty i~ ~ tY1Y ~~m j~Ey p~,.:.~~~ F.;o b Gsun:ry G+3.....~
Ft. Pierts. F~o~td~ B00±; ~~s ~O~ " ~ ~
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