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HomeMy WebLinkAbout1081 And aeid Mortqaqcrs. lor themselves and their neirs, legal re~casentalives, 3utcessors and aesigns, h2reby jointly and favtrally tovanint and agr~e to and with ihe said h!ORTGAGEE, us succrssors and aesigns: 1. To pay ell and singu~ar the pnncipal and interest and the various anu sundry sumf of money payable by virlve of said prom~ssory nota, and ihie ~ morigage, each and evrry, premptly on ~he days respeU~vely thc same eeverally become due. ~ z 2. To pay all and singulti the taxes, assessmeMS, I~~vies, liabilit~ea, obiigation~ and encunbronces ot every nature and kind now on ~aid defcribed ~ property, or that hereaher may be ~mpo~ed, suftered, placed, levied, o! assessed therron, or that hereafter may be levied or es~eued vpon thi~ Mortfl- + ege, or the indebtedness se<ured hereby, each and every, when due a~d payable, according to law, before they become aei~nqueni, ana oeiore any iniere~i attaches or any penalty +s fncurred; AND INSOfAR AS ANY THEREOF IS Oi RECORD THE SAME SHAII BE PROh1PiLY SATISfIEp AND DISCHARGED OF RKORD AND iNE ORIGINAL OfFIC~At DUtUhSENi ISUCH AS, FOR INSTANCE, iNE iAX RECEIPT OR THE SAiI$fACTION PAPER OFHCIAIIY ENDORSED OR CERTIfIED) SNALI BE FlACEO IN THE HANDS OF SAID h10RTGAGEE ~YITNIN TEN DAY'S ~lEXT AF1ER PAYh1ENT, and in !he evenl Ihat any th~reof ii nos paid, sat~sfied and d~scharged sa d r,10RiGAGEE may at any time pay the same or any part fhe~eof wilhout waiving or af(ecting any option, lien, equity or .iqht ur.der or by virwe of Ihis mort9agr and the full amouro of eath and every svth pjymem shall be immedialely due and payabla and thail beat iMtrest ~rom the date thereof unril pa;d at rate of ~iyF.! oe~ centum pe~ annum and logether w~ih such iMerest ehall be secured by the lien of Ih:s morgtage. 3. To place +nd continuously keep on thc buildinyi now or hereafter ~ituate on taid land and on e~l equipment end per~on~ily covered by thf• mo:tQ- ~e, with ~II premiumi thereon peid in full, fire insurence in the uiuai ~tandard policy form, in e sum apFroved by IAe MORTGAGEE, e~d wtnd~torm lniur~nts In ih~ u~~al itandard policy form, fn a ~um ~pproved by Ihe MORTGAGEE, in ~u:h company or compeniei a~ the A10RTGAGEE may diredt and •II fire end wind~torm insurance policies on any oi said buiid~ng~, sny interest iherein m part thereof, in iha iggreyate ~um afaeaeid or fn exceia thereof, thell contain the usual st~ndard mortgegee cla~se or such ofher cla~~e ai ~he Mortgagee mey require, makiny ~hs los~ vndar ~aid poii- cies, each an~ every, peyab!~ ta s::~ MQRIGAGEE as it~ intere~t mey eppear, and each and every svch poticy ihall be promptly ass.gned and delivered to any held by ~aid MORTGAGEE as further tec~:•iry to said mor~gnge debt, and, not ~eii than ten (10) deye in advance of the expiration of eech F,olicy, to dr liver to iaid h10RTGAGEE a renewal ?hereo', ;ogether with a receipt for the ~•<mium of wch renewal; and there thall be no fire or winds~orm insuranca pleced on eny ot seid buildings, eny interest the~ein or pa~t thereof, unles~ in the form and with the los~ payable as aforeiaid; end in the evenf any tum of money becomc~ payable undu fuch policv or policies said A'.^~' ;%+GFE ~hall `.:e t!+e option to receive and apply the sama on eccount of Ihe indebted• nesi ~ecured heroby or to permit ~aid R10RTGAGORS to receive and usa it or any part thereof for other purposes, w•~tho~t the~eby waiving or impair- (ng •ny equity, li=n or right under or by vErtue of ihi~ morfgege; and in the event seid MORTGAGORS shall for any raaeon feil to keep fhe faid prcmise~ eo Insurtd, or fai) to deliver promptly any of said polities of insurance to ~e~d MORTGAGEE, or fail promptly to pay fufly any premium therefor or ln any retpect fail fo ptr(orm, d~scharge, execute, ef(ect, comp~ete, comply ~nith and abide by this covenant, or any part hereof, ~aid MORTGAGEE may place and pay (or ~uch Inwrance or any part thereoF without waiving e: ,;~fetting any o~tion, lien, equity, or r~ght under o~ b~r virfue of this Mortgage. and the full emount of cath and every aurh ~ayment ehall be immeaiately due and payable and shall bear interest from the date thereof until paid et the rate ot nine per centum per annu~n and togethar ~viih such interest shall ne secured by the I:en of this mortgagr. To permit, tommit or suFfer no was~e, impairment or deirrioration of said property or any part thereof, 3. 7o pay al) and singular the costs, charge~ and expenses, including a reaionable attorney's fee and costs of abstrect~ of title, inc~rred or paid at eny time by :aid /rORTGAGEE, because or in the event of the failure on the {.ert of Ihe said MORTGAGOR to duly, pramp~ty and fully perform, di~charge, txecute, etfed, completa, comply wilh and abide ty each end every tho slipulatienf, agreements, conditioni, and covenenta of ~aid promissory nota and thi~ mortgage sny or either, and sa~d costs, charges and expenses, each and every, thall be immediately d~e and pnyable; ~vhethrr or not there kx notice dr mand, attempt to col!ect or suit pending; and the full amount of each and every auch payment shall bear interest frem the date ttiertof until Faid et the rate of nine per centum per ennum; and all said costs, charqes and expenses inturred or paid, togeiher vrith such inro.=;i, ~hali be setured by Ihe lirn of thit mortgage. 6. That (e) tn the event of any breach of this Mortgage or defavlt on the part of tha MORTGAGOR, or (b) in the event any of ~aid tum• of money heteln roferred to br not promptly and fully paid viithin thirly (30) days nent afler the ~ame severally become due and payab!e, withouf demend or notice, or (c) in the evenl each end every the ~tipulations, agreements, coriditions and covenants of ia~d promiisory note and th~s mortgage any or either are net iuly, promptly and fully performed, d:scharged, executed, effected, completed, complied with and abided by, then in either or any such evem ~he seid eQ~ pregete tum mentioned in taid promisse:y note then remaEning unpaid, with interest accrued, and ail moneyi srcured hereby, shall become due end pay- abl* forthwith, or Ihereafter, at the option o( said AIORTGAGEE, as fully end completely es if all of the sai~ sum~ of money wtre oN$inally ttipulated t to be paid on such day, anything in aa~d promi~sory note or in thi~ Mortgage to the contrary notw~thstanding; and ~hereupon or thereafter .~1 the option of seid MORTGAGEE, withaut notice or dema~d, sui! al lavv er in equity, tharefore or thereafter begun, may be prosecutcd ai if all rroneys setured hereby had mat~red prior to its institution. 7. That in the eveni ?hat at th> beginning of ur at any time pending eny su~t upon thii Mortgage, or to foretlose it, or to reform it, o! fo enforce payment of any claims hereunder, said A10RTGAGEE s`~all apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shsll forthwith appoint e receiver oi ~aid mo+tgaged property all and singul~r, includ~ng all and singular the income, profits, ifsuet and revenues from wheteve? source derivtd, each and every of whith, it being expressly understuod, is hereby mortgaged a• if specifically sef forth and described in the granting a~d habendum clauaes hereaf, and such Receiver shnll have ell the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, end euch appointment shall be made by such Ce~rt as an admitted eq~iity and e matler of ebsolute righf to said MORTGAGEE, and witho~f raference to the ~dequaty or inadequacy of the value of the proparty mortgaged or to thz so:vency cr insolvency of said MORTGAGOR or the defendenti, end thet ~uch rent~, profi?t, inccme, issues and revenues shatl br applied by •uch Receiver accord~ng to the lien or equity of •aid MORTGAGEE ar.d the practite ef suth COUrt. 8. To duly, prnmptly end fully perform, discharge, execute, effect, complete, comply with and abide by each and evrry the it~pulation~, agrtemenh, condilion~ end covEnanti in said prornissory note ane; ~h~i mortgage iet ~orth. 9. Thel in the event the ownership of the martgagea premi!es, or eny parf Thereof, becomes vested in a person other than the MORTGAGOR, fhe MORTGAGE:, it~ successon and asii9ns, may, without notice to the MORTGAOR, deai w;th such svccesso~ or successor in interest with reference to this mortQaye end the drbt hereby secured in the same manner a• with Mortgagor withoul in any way vitiating or ~d~scharging Ihe Alortgagora' liability hera undar or upon the debt hereby secured. No an?a of the premises hereby mortgaged and no forbearance on Ihe part uf the MORiGAGEE or i1t succes~or~ ot ~s~igni ~nd no extension of the time for the payment o' the debt her.by secured gtven by the I110RTGAGEE o~ its iuccessors or essigr,t, shall operate b nl~e3t, discherge, modify change or a(fect the o+iginal ?iability of ?he MORTGAGOR herein, eilher in whole or tn part. 10. It t~ sprci(ically agreed that time i• of the essente of this tontract and that no .vaiver of any obligation here~nder or o( the obliyetion u• tvred heraby thall at •ny time thereafter be hald to be a waiver of the term~ hereof or of the instrumenl secured herby. 11_ In addition to the foregoing monthly payments of ~:int prl end interest required by the prom~ssory note secured hereby, mortgagor covenenti and agrees to pay to mnrtgagee :vith each monthly payment an addition~l sum estimated by mortg;.gee to be equal to 1/12 of the annual cost of the fotlow- inq: A-All real property ?axet levied or assessed against the above described real estate. B-Premiums an firt and windstorm insurance as herein required to be carried on the improveTents situate on the above described promises. C-Premium~ on s~~h mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured he:eby. Mortgagee sha~l from time to time notify mortgagor in writing of the amount dua and payable hereunder and su<h sum shall thereupon be d~e and pay~ble on tha due date of the nezt monthly payment and each successive month thereafter until mortgagee ahall notify rrsortgagor of a change in ~uth emount. S~ch s~ms ihall be applied by mortgagee toward the payment of real property taxes, insurance premiums, a~d rnortgage gueranty iniunnte premivmt. IN Y/ITNESS WHEREOf, the ~aid MORTGAGOR ha~ fiereunto ~et hi• hand and seal ?he day and yenr f' st a'~resaid. Siyned, e?ed d deliv re I ha preience of: F~ L E D A , , D RECOROED -~Q ~ -~~.e.E; ~,~~~~"p~~ ~ 0 ~ K~ -J ~ ' ~ ,i~ , _ , 66 JA« 2 0 PM 5: OS : ~ s~ _ : STATE OF FIORI~A ~ 1~ ( ~ ~ - ~ j, . # St . Luc ie ss. _~_~~~:~_~_.~t~ : ~ - ~ _ . _ _ courrrir of Q~ G E R P u s"i R~~ C L ~ d~fore map~ rwnelly appeared l• y, a ' ;,~~N~ZIN1)J0/ a, ~ r ~ his wife, to me well known `~nd .kpo-++n,to ?rw .to.be- : `s th~ `in~ ~n~rl~be~ ~?nd who executed the foreyoiny in~tr~ment, ~nd acknowledped before me that they executed ths ~tsa~i fw tF~p pLrQosei rh.~~, t~.~d• A„d'~c~°~ Loi~ S Bai le~ ; Q}. ~ v Wi ~ 1 iam L B8~ 1l~,',V uPon ~ se~rat~ and p+ivat~ ' •xi7'n~ilion ~-teke~parati_and epart from her isid husband, acknowfedyed to an~ befors me that •ha executed ~~id inalrument freely and vo!wr ; f~r~y~r(d~v~i~_iny Zdmpu~eioil; constraint, approhension, or fear of or from her sa~d r.~iband. ~._~NJTNE$'S ~ F?an er~bffJ~iel ~eal thTw 7Qf~1 day of A• ~9-~-- ~ „ : . : , `L "=1 _:2 : = . , ~ ~~i c, Not• Publtc In for th~ St~t• of F~orida t ar ~~Vil~binsToe` My Commisaion • tre~ ~ya( r?~ ~i~-. ~e c~,~;~~1 tt yb4 F Cilizens Fedsnl Savings 8 lo~n AsfotiitiOn 'F fv.d~b 6l~^n~~:ce: Fvs a C.~~a~~ CQ, . of St. ldcis Covnty 1 ft. Pierce, flaida ` ~ 136 ~~v ~ ~ aoaK ~ t _