HomeMy WebLinkAbout1812 And faid Mortgagors, for themselves and their heirs, legel repre~entativet, succetsors and essign~, hereby ioinlly and teverally covenanl end aqreo
ta and wiih the ~aid h10RTGAGEE, iis successors and astiigns:
1. To pay all and ~ingu~er Ihe printipel and interest and the various end sundry sumt of money peyable by virtua o( seid promi~sory note, end thi~
mortgage, each and every, promp~ly on the dayr respec~~vely the same saverally beceme d~e.
2. To pay all azd ~~ngular the taxes, as~essments, leviei, liebiliiies, obligntion~ and encumbr~n<es of every ~ature e~d kind now on taid detcribed
property, o~ Ihat hereafter may ba impoled, suffered, ptated, levied, or assesstd therto~, ot ihat herea(ter may bs levied or astetted vpon ih(• MortQ•
age, or the indebiednets tecured hereby, each and every, when due and psyeble, according to lew, before they betome delinque~l, and befwe any intere~i
attachei or any penal~y is inc~rred; AND INSOFAR AS ANY THEREOF 15 OF RECORD THE SAME SHAII 8E PROMPTIY SATISFIED AND DISCHARGE~ OF
RECORD AND TNE ORIGINAI OFFICIAI DOCUh1ENT (SUCN AS, FOR INSTANCE, THE TAX RECEIPT OR THE SAiiSFACTION PAPER OFfIC1AllY ENDORSEU
OR CERiIFIED) SHAII BE PIACED IN TNE HANDS OF SAID MORTGAGEE WITNIN TEN DAYS NEXT AFTER PAYMENT, and in the avent that any thtreof is not
paid, sar;~fied and diuharged sa'd MORTGAGEE may at any time pay the ~amc or any pert thereof withoul waiving or atfecting any option, lien, equ+ty or
riqht under or by virlue o( this mo~lgage and the full amounl of each and every such payment ohall be immediately due and payable and ~hall beit intere~t
<<om the dete fhereof until paid ai rate of etghl per <entum per annum and toge~her w~th s~ch interest ~hall be secured by the tien of th:s morgtaqe.
3. To p1~cQ •nd contlnvo~sly ksep on the bultdfny~ now or herasfter ~it~~te on ~~id lind and on ~II equlpment and panonslly covered by ihls mwtQ-
aqe, with all premiumi theroon paid in (ull, fir• Insuranca in ths usuel •tandard policy torm, in a~um approved by the MORTGAGEE, and vi[nd:tarrn
Iniunnte (n 1F» ufval ~tenderd polity form, in e ~um ~pproved by tha MORTGAGEE, tn tuch company or companle~ at ths AIORTGAGEE may
direttt snd •II iire ~nd windttorm Ini~rence policiet on ~ny of ~aid buildiny~, any interast thereln or part thereof, in the sflgreyale ~um atorttaid or
In ~ac~u ihereof, ~hall contel~ the u~ual ~t~ndard mo~tgayee clau~e or ~uch oiher d+u~e a• Ihe Morty~gee mey req~ire, makfng th• lots under tsid po~i~
ciai, euh anct every, peyable to teid MORTGAGEE es its intereit mey appear, and each snd every cvch policy shall be promptty ais.gnad and delive?ed to
any hsld by •~id MORTGAGEE a~ further security to seid mor?page debt, and, not le~i then ten (10) dsyt in advance of the axpiration of eech polity, to ds-
liver to ~aid MORiGAGEE a rcnewal thereof, togelher with a receipt for the premium of ~uch renewal; end there ihall be no fire or windstorm inturence
plactd on any of •aid buildingf, any intereit therein or part thereof, unleff in the form and with the lo~t payable af aforesaid; end in the evenl any ~um
o( money becomet psyable under tvch pollcy or poticies •aid MORTGAGEE ~hall heve the option to receive and apply the same on account pf the indebted-
na~s sec~red hereby or to permit ~a~d MORTGAGORS to receive and ute lt or an~ pait thereof for orher purposes, without thereby waiving or impnir•
InQ •ny equity, li~n or righl unde~ or by virtue of this mortgage; end tn the event teid MOf~TGAGORS shall !w any reason fall to keep the ~aid premi~et so
Insvrrd, or fail to deliver promptly any of ~eid policies of insurance to •aid MORiGAGEE, or fail promptly to pay fully any premium therefor or in any
re~pect fail to pe~(orm, dijchergr, execute, e(fett, complete, tomply with and abide by fhis tovenanf, or eny part hereof, ~aid MORTGAGEE may plece and
pay for tuch Insuranc~ or ~ny part tfereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, ~nd the
full amounl of each and every tuch payment •hall ba immediately due and payeble end ihall bear intrrett from the dale thereof until paid at the rate of
nina per centum par annum and together with ~uch interest shall bc ~ecurrd by tha lien of thii mortgege.
4. To permit, commit ot s~ffer no wa~fe, tmpairment or deterioration of taid property or any pari thereof.
S. To pay sll •nd ~in~ular the costi, charqe• and expense~, inclvding ~ rtasonable attorney's fee and costt of absrract~ of title, tncurred or paid at
~ny time by seid MORTGAGEE, betause or in the evcnt ot the fsilure on tha Nert of the ~aid MORTGAGOR to duly, promptly and fully per(orm, di~chergo,
•x~cute, affed, cumplete, comply with and sbide by each and every tha atip~letiont, agreementi, conditioni, end covenant• of ~aid promissory note and thi~
mortyege any or either, and sa~d costs, charges and expense~, each snd every, thell ba immediately due end peyable; whether or not there be notice dr
msnd, attempt ro collect or suit pending; and the full amount of each and every tuch paymem ~hall bear interest from the date thereof until paid at the
rate of nine per centum per annum; and all sai~ tofts, charqes and expensas incurrsd or paid, together with tuch interest, shal! be ~ecured by the lien of this
. mortyaye.
6. That (e) In the evenT of eny breach of thit Mortgage or default on the part af the MORTGAGOR, or (b) in the evont eny of feicl tvmt of money
hereln referred to be not promptly and i~lly peid within thirty (30, deys next after the same •everally Ixcome due and payeble, wi?hout demend or notice,
o? (c) tn the evanf each and evcry the stipuletions, ogreements, co~_itions and covenents of ~aid promissory note and ~h;s mo:tgege eny or aither ~re not
~uly, promptly and fully performed, d~scharged, execvted, eifectt~d, completed, complied with and abided by, thrn in eithsr or any s~ch evenl tha seid eq~
preyst• ium mentioned In taid promi3sory note then remeining unpaid, with intereit accrued, and ell moneyt tecured htreby, thalt become due end pay-
, abl• forthwith, or thereafter, at the option of iaid MORTGAGEE, a• fu!ly and completely as if all of thc ~aid sumi of money were oriflinally ttipulated
to bs paid on such day, anyth3ng in said promi~sory note or in this Mortgage to the controry notwithstanding; and thereupon or thereafter at the option of
taid MORTGAGEE, without notice or demand, •uit at law or in equity, therefore or th~reafter be9un, may be prosecuted as if a!I moneys ~ccured hereby
lud matured priw to it~ imtit~fion.
7. That tn tha event that at fhe beginning of or et any time pending any i~it upon this Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any claim~ hereunder, said MORTGAGEE shall spply to the Cour~ heviny jurisdiction Ihereo( for the appointment of e Receiver, tuth CouA shsll
forthwith appoint a receiver of ~aid mortgage~ property all end tinguler, inclvd~ng all and iingulu the income, profit~, tisues and revenues from whatevar
wurce derived, each and every of which, it being expreisly understood, ii hereby morlgeyed at if ~pecifically set forth end described in the gr~nting and
hebendum clavser hereof, and such Receivtr shall hare all 1ha broad and effectrve functiont and powers in anywise entrusted by a Court to a Receiver, and
- tuch ~ppointment •hall be made by such Court a~ an~admitted equity and a matter of ebsolute tight to taid MORTGAGEE, and without reference to ths
adeq~~ty or lnadeqvacy of the value of fhe propert~~.mortgaged or to the totvency or insolvency of said MORTGAGOR a the defendantt, and thaf tuch
rentt, profit:, Irtcome, tuues and revenues shall be a{ipti~d ky fy~F? fteceiver accordiny to the lie~ or equity of seid MORTGAGEE and ths pr~ctice of tuch
Court.
: 8. To du~y, promptly and fully perform, d~sthnrge, cxecute, effect, complete, comply with and abide by each ~nd avery the stipulationf, aqroament~,
tor~ditiont and covenanlt in •aid promissory nofe end thi~ mo~tgage set forth. ,
9. Th~t in the event the ownership of the mortga9ed premiiet, or eny pirt thereof, betomes veeted in • perwn other th~n t~t~f~"a~CF,I'JR, tM
MORTGAGEE, Itt ~~ccessori and as~iyns, may, without notice to thr MORTGAOR, deal with tuch tuccef:or or successor in interest~~r,fi~'~(}~feren~ ~o'thi•
mottflaQs and the debt hereby securtd in the same manner et with Mortyegor withoul in any way vitiating or~ditcharging tF?e 101~rtg~gp~~fl~blli~y herr
. under or ~pon the debt hereby secured. No ~ale of the premises hereby mortgeged and no forbearance on the pert of the N~,AZ2LGR~'r or'its.succeitor~ .
or auiynt •nd no extension of tha tima for the peyment of the debt hereby iecursd yiven by the MORTGAGEE or it~.iuccestbrt~or~aitigrit, ~hall op6~a1~
to :~I~ss~, dnch~rp~, modify ch~nys or affea the oripinal liabifity of tha MORTGAGOR heroin, either in whole or tn part. - -
10. It ti ipecificafiy agreed tha? time ii of the eisence of this contract and thal no waiver of eny obligation hereunde~ wt~of jM o.bligat~4iri` oa-
tvred henby thall at any time thereafter be held to be a waiver of the term• herrof ot of the instr~mant secured herby. _ - - ~
1 l. In addition to the foregoing monthiy paymentf of princ pal and interest required by the prom~swry nole secured ~here4y, rpoifgbQo~, cVyeninfs -
usd ayresf to pay to mortyagee with each monthly payment an addition~l sum estimated by mortg:gee to be equal to 1~12 of the a+{nvel ipft o.I'the foflow-
t^Gc • .
A-Al) r~~l praperty taxes levied or assessed against the above described real estate. • t_ ,
8-Premium~ on fire end windstorm insurance as herein required to be cerried on the improvements tituate on the above described'dflMltli:'
~ C-Premiums on ~uch mortgage guaranty irtsurancc as mortyagee shall from time to time deem fit to carry on the loan fecvred hareby. ~
'I` Mortgagee ihell from time to time notify mortgayor in writir~ of the amovnt due and payable hereunder and such :~m ~hall thereupon be d~e and ?
p+y~ble on tfis dw date of the next mon~hly payment and each ~ucceseive month thereafter until mortgagee ihall not~fy mortgagor of a ch~nye in •uch ~
+ ~movnt. Such aums ~hell be ~pplied by mortgagee toward the payment of real properTy taxes, Iniurance premiums, and mortgage guar~nty insurancs
premiums. ~
i
IN WiTNESS WHEREOF, tM seid MORTGAGOR heF~er o+e~F~t hend and ~eal th~ d~y and year first afore:aid. ~
Styntd Se~ltd a nd :d n th ca of~ . A U R E C 0 R p E p '
u ~~300K , s~.n
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'ss FE6 7 "-•n '
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~ STATE OP fLORIDA 1! ~ v I
R 0 ~ - ~
' ca,rn~r oF t ~'';AS. CI~ERK
~ ~sfwe m~ p~rwnally ~pp~~red v I38 j. A~'LU C 0 U N T Y e~
~ - Ile.len M. Luca ^ I;fa u;i{~ fn rru w~ll knn.ain irul I~nnwn M m9 ~p ~ t
~ flw tndividwl~ dr~uib~d In •nd who sx~cvted tM fweyoJnp tnstrvrt»nt, ~nd +cknowledgvd bafon m~ that they •xecvted ths sarr?~ for tM purposn ~
~
tMr.tn .,~pr.,,.d. And rM .,,a He 1 e n M. Lu c a s ~
Issiah Lucas ~
wlf~ ot tM uId upan e sfp~nt~ and privata ~
~xeminafion by rt» tek~n vlparat• •nd apart from her aatd hutband, atkrwwledyed to snd befvn me that ~hs ex~cvted taid In~trum~nt freely and volurr y
Nrlly ~nd witfiout •ny compvliion, corutraint, •ppreh~ntiio~, or fear of, ,ot. fro(n het satd hviband. :
WITNESS my hand and officiel ~eal thl¦ 7~h ,~'~~+-~~j?[~f' ~~~~'i I~ebrua p. 19 66 ~
-'n~ J~!~~~.
• ~e i ~ ~ . V~ ~ Q~~(~/V ~
r ~j U K,"; Not~ry P ic tn •nd for St~t of Flor •tL~
_ ~ - ~ ~My Commiuion ~~ir~u ~8YlU&T''3T ~ ~ 1~7~
Ret~rn To: - ' : r J ~ =
~ Q~ J yt__
CiH:~ni F~d~r~l Savinys i Lo~n AssociNi~n _ ; O~ d ~T ~ Notary Public, State ot Flor.da at larqc ~
of S?. luci~ Count ' ~~l f. p~ ; f_ '~~n c:~~ires lan. 30. 1474
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