HomeMy WebLinkAbout1046 And said Mcrtgagors. for ~hemseh•e3 ar,d ~hefr F~eiri, 1eg31 repre~emalive~, s~c<essors e:id assigm, he~eby jointly and ~avrrolly tovrnent and agre•
to and with the ja+d A!ORiGAGFE, iu successo~s and ass~gns:
l. To pay all and singular the pr~ncipal and intertit and the various and sunJry wms of money payabl~ by virtue o( ~aid pro:nissor~ note, ~nd thia
mortgage, each and e~ery, pron~pfly on ihe days respectively tl~e same seve~ally become due.
2. To pay all and e~ngular the taxes, astessmen~s, levie~, I~abilities, obliga~ions and encumb~ancet of every n~ture and kind rtow on said desci~bed
property, or that hereafrer may be impoted, suffe~ed, placed, levied, or assessed therron, or that hereafter mey be levied or as~eued vpon thi~ Mortg•
age, or the indtbtedness secured hereby, each and every, when due and payable, according to law, be(ore they become delinquaM, end before any tnlere~t
a~tachas or any penalty is incu~red; AND INSOFAR AS ANY iHERfOf IS OF RECORD THf SAA1E SHAII BE PROM?TlY SAiISf1ED AND DISCHARGED OF i
RECORD AND THE ORIGItvAI OFFICIAI DOCUMENT ISUCH AS. fOR INSTANCE, TNE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIAIIY ENDORSEO ~
OR CfRi1F1ED) SHAII BE PIACED It~ THE HANDS OF SAID MORTGAGEE YJIIHIN TEN DAYS NEXT AFTER PAYMENi, and in Ihe event Ihat any th~reof i~ no! '
paid, sat~sffed and d~~cf,arged sa:d ~~tUkIGAt.tt may ar any r+me pey iirc aan~v o~~~ N ` ' • _t~ „
- ~ ~ ~ I~.n sn~iilv nr ~
.iqht under or by virtue ef ~his mortgage and ihe full amount e( each and every suth paymeN~shall be,immediately due and payable end thall 6ear intereit Y
~ ~rom ~he dare ~heieoi um~l pa:d a~ rate of eight per ceroum per annum and togethe; w~th such interest ihall be secured by the lien of Ih'i morglagr. i
3. To pl~cs end cantinuou~ly keep on iha buildinfls now or hereafter ~ituat~, ort ~aid land and o~ el! equipment and penonalty covered by tht~ mortfl- ~
aQe, wHh a!1 prsmium~ thereon paid in (ull, firo in~uronce in ihe u~uel standard _~ity form, i~ a wm approved by Ihe MORTGAGEE, end wind~torm
iniurante ln Oh• usuel ~tandard policy form, in a ~um approved by the MORIGAGEE, in •uch company or companies e~ Ihe 14tORTGAGEf may
direcls artd alt fire and windslorm insurence policie~ on any of ~aid build;ngs, eny Interest therein oT part thereof, in the aggreHate tum atorsiaid or
In excett fhereof, thal~ contain the usual sNndard mortgagee clausa or •uch other clau~e a~ the Mortgagee mey requiro, makin9 the lot~ under ~aid poll-
cis~, each ~ntY every, peyable to said MORTGAGEE ai its inte~est may appear, and each end every iuch policy ahall 6a promptly ait.gned end delive~ed to
any hald by laid MORTGAGEE ss fwther •ecurity to ~aid mor~gage debt, and, not fess Ihen tcn (10) day in advance of ~ha expiral+on of eech policy, to de- ~
livrr fo taid A10RTGAGEE a rene~yal thereof, together with a receipt for Ihe premium of such renewal; and there •hall be no fire or winJsto~m iniuronce
placrd on •ny of said buildings, any intere3t therein or part thercoF, unle~~ in the form and w;th the loss pnyable as afore~aid; and in tha a~ent any •um
of money betomes payable under such poficy or pol~cies said MORTGAGEE shnll have the opt~on to receiva and apply the same on account pf the !ndebted-
nai~ tecured hereby ot to permit said MORTGAGORS to reteive and utie it or any part thereof for o~htr purposes, w~thout thereby waiv'eng o~ impain
Ing any eyuity, lian o~ right unde~ or by virtve of thii mortgage; and in rhe event said MORTGAGORS ~hall tor any reaion fail to keep the taid premifet sa
(niured, or feil to deliver promptly eny of said policies of in~urance to iaid MORTGAGEE, or fail promptly to pay fully any prernium therefor or in any
respeti feil to perform, df~charge, execute, efteci, comptetr, comply with and abide by ihi~ covenant, or any part hereof, said MORTGAGEE may place and
pay for tuch Insurance or a~y part thareof without waiving or afftcting any option, lien, equity, or right under or by virtue of this Mortgage, ~nd the
full amount of each and every tuch payment shall be immediately due and payable end shall bear interest from the date lhereo( until paid at the rate ot
nine per centum per annum artd together wilh such interest shall be setured by tht lien of this mortgage.
i
1. To permit, twi~u~;i vr ~uffer no H•aste, lmpairm.nt cr a-!s~:_r-_!E~~ 06 sa~~ property or any part thereof.
5. To psy all and singular the cosrs, charges and expenses, including a rea~onable attorney'~ fee and costs of abstract~ of title, incurrod or paid sl
•ny time by ~aid MORTGAGEE, because or in the event of the (ailure on the Nart of the said h10RTGAGOR to duly, promp~ly and fvlly p~rform, ditcharge,
•xetute, effect, complete, compty with and abide by each and eve~y the stipulntions, agreements, conditionf, and covenan!s of taid promistory note and thi~
morrgafle any or either, and said coste, cherfles and expensei, each end every, thall be immedietely d~e and payable; whether or not there be ~otice de
mend, attempt to collect or ~uit pending; and the ful( amount of ench and every such payment shal! bear intere~l irom the date thereof until paid a1 the
rate of nine per centum per ennum; and atl 3aid costs, charQes and expenses incurted or paid, together with sucfi in5erest, shall ba secured by tha lien of this
mortpape.
6. That (a) in the event of any breach of ihis Mortgage or default on tM part of the MORTGAGOR, or (b} in the event any of :eid tum~ of money
hereln teferred to be not promprly and fully paid wilhin lh;rty (30) day~ nexl after the ~ame severolly beco~ne due and payable, without demend ot notice,
or (t) ln the evenl each and eve~y the ~tipulatians, agreement~, conditions end covenants of ~e~d promissory note and th~s mortgage eny or either are not
~uly, promptly and fully pertormed, d~scharged, ezecuted; ei(etted, compteted, complitd wirh and abided by, then in eithe~ or any ~vch event the ~aid ap-
pre9ate tvm mentioned in said promi3sory note then rtmaining unpaid, with interast accrued, and all moneys iecured hereby, shall become due and pay
•hl• forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if ell of the faid sumi of money were originalty ttipufated
to be paid an tvch day, anything in ~aid promi~sory rrote or in th3~ Mortg~ge to )he tontraiy notwithstanding; and thereupon or thereafter at the aptio~ of
seid MORTGAGEE, without notice or demand, •vit at la~v or in equity, therefore or therraf~er bsgun, may br prosecuted as if all moneys ucured hereby
Md rtutured priot to itt in~titution- -
7. Tf~at in the event that at the beginning of or at any time pending eny suit vpon this Mortgage, or to foreclose 3t, or to referm it, or to e~force
payment of any claimi hereunder, said MORTGAGEE shatl apply to the Court having jurisdiction thereof for the appointment of a Recei~er, such Court shall
forthwith appoinl a receiver of faid mortgaged property all and sing~lar, includ~ng all and singular the intome, profiti, iituti and revenues from whetever
aource derived, each and every of wh+ch, it bring exp~es~ly undersrood, is hereby mor~gaged as if specifically se1 forth and detcribed in tha granting and
hebandum clausei hereoF, and svch Receiver shall have ell the broad and effective funci~on~ and powers in anywise entrusted by a Court to e Receivsr, and
~~ch appointment shall be made by suci~ Court ai an edmitte~ eq~iry end a rratter of absotute ~~ght to iaid MORTGAGEE, and wirhout referencg to the
adequacy or inadequacy of the value of the property mortgaged or ta the totvency or ir.solvency of said MORTGAGOR or the defendanb, end thal tvch
renti, profit~, income, itsuee and ravenues shall be applied by such Receiver according to the lien or equity of said A50RTGAGEE and the pradite of svch
Courf.
8. To duly, promptly end fully perform, discharge, execute, effect, complete, compty with and abide by ench and every tha ttipvlation~, egreementf,
conditlont and covenants in said promi~scry note ard this murtgage set farlh.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
MORTGAGEE, ft~ tuccessors and assigns, may, without notice fo the MORTGAOR, deal with such successor ot suctessor in interest with refer (?4q to ihis
mutgaya artd tha debt hereby secured in the same manner at with hlortgagor without in any way vitiating or'd~scharging Ihe MortgaQpti'~~II~liOi #1~~f
under or ~pon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearanta on the part o/ Ihe MORTG ,~i~E ift srt'~t;cq+S,•.
or a:ai~nt and no axtsn~iaa o! !he time for the peyment of the debt hereby •ecured given by the MORTGAGEE or its ~uccestor• or'a3a1fl~~,shaM•eper`d)~.'•% ~
to nFsas~, di~charge, modify changa or affect the originnl liebility of the MORTGAGOR herein, either in whole or In pert. " ~ • ' ~
10. It ti ~pecifically egreed ehal time is of the essence of thi~ contran and thal no waiver of any ob!igafion hereund~r 6r p'i,tM,*obliflation te; ' `
tured heraby •hatl et any lime theroafter be held to be a waiver of the trrms hr~eof or of the instrumero secured herby. - - ~
11. In addition to the foregoing monthly payments of princ pal and interest required by the prom;swry note secured hereby :r6Drlg~gor covenant~ - ~
and aflrees to pay to mortg:.gee with each monthly peyment an addition~l sum e:tima~ed by mort~cgee to be eq~al to 1~12 of 1he:anrSVif_to~t of the f011ow-:
ing: -
A-All real property taxes levied or assessed against thc ebove described reel estate. ' ' ~
,J
8-Premium~ on fire and windstorm in~urance es herein reqv~red to be ca~ried on the improvements situale on the above desfr~aed p~e~niiei. -
C-Premiums on s~ch mortgage g~aranty insurance es mortgagee shall from t~me to time deem fit to carry vn the loan secured`kt~q~y,,
Mortgegee shall from time to time notify mortgagor in writing of the amounf due and payable hereunder and such sum shafl ifiereupori ~be~ dve and .
payable on the due date of the next monthly payment and each :ucces:ive month thereafier until mongegee shaU notify morlgagor of a chanye in •uch
amount. S~ch sums ~hall be apptied by mortgagee toward the payment of real property taxet, insurance premiums, and mortgage guaranty insurance
premi~mi.
IN WITNESS WHEREOf, the said MORTGAGOR hqs. r o iy t~~~ ~ea~l the day end yenr first .aforeiaid.
SiQned. aled end deli r In fhe preience of• r ~ E Q ~ ~ . Y
~ ~ ~ ~icra~_ o o K ,
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S6 JA ~p~s C~ ~1. 5 2 ~n
~_'~t~~~~ u tse.q
STATE OF fIORIDA ;
courn~~tS~,'~.`='"~~~•,~~ S~ - Lu~ ie ~ _ • . ~ L~ nK ~
~ F,~ ~t , s~~ ~.U ~ i ~ tiNt~nton q
P4, !~V n?iiP?~ s+xl
- ~ p- • Shi r Minton -
hit wife, to me wal! known and known to ms to be
?hb; Ittidividy+l~ `d#icrabetl 1+~d who execvted the for~oirty imtrument, ~nd acknowledfled beforo me that they execvted the iame for tM pvrpose•
:~t;rr~in a,d ~ hi rle;r Ann I~int on
'wff~ ;aP tM tafd ' = upon a ssp~rat• and p?iv~t~ f
sxa+7~inu~~,by ~meq ~~rate •nd epart from her seid hvtb~nd, atknowledyed fo and before me that she execvted setj instrument frealy end volutt-
terlt~~nd wilkoYi? •n}~• 6G~Rsrliion, conttraint, apprehension, or feer of w from her tatd'husband. ;
~NIINESS~,M~i~:and official ~eel tht¦ l,~~h, dey of A. D. 19~~ ~
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Notary Publlc In ~nd fo Sttls of florida at LerQ~ ~
My Commlt~ion ~xQ a~9e ~
Retum To: ~ Siate o4 Flon~a ~g69 ~
p,elary t~ublic, ~
Cifiz~ns fedenl Savings 3 Loin as:o«.rton . (omm+ssion xxP`ies''~Gsfi
y~Go,
of Sf. lvti• Covnly t~r eer.d~d ST ~`°':~'r, fa~ ~
Ft. P;erce, Flaide - - ~
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