HomeMy WebLinkAbout0644 3. To place and conr~nuous!y keep on rt,e ~~~~'d~n~a now or hereafter s~t~ate en sa d ~and s;~d en a!~ rquip,r~ent and personellY coveied by thfs morry
age, wrth all p:emiums thereon pald in fu!', firc inswa^ce in the ~suat sranderd policy forrn, in a wm appro.ed by Iha MV2~v.~1'~E[, a,~J windstarrn
insurance in tha us~al standa-d pot;cy Form, in a s~r? ayproved by the MORTGAGEE, in wch co-npany er co~npan es as ihe l~10RTG.4GEE rnay
dircU; end all fire and wmdsto~m ins~ranca polic~es on any of said build~ngs, any interest the~zin er part th~~~eof, in the aygre~are su~n aforrsa~d or
in extess thereof, shali contain th~ usual star.dard moitgager da~se or such o~her t~ausz as Ihe hlortgagee m~y reyu.~e, making ine ;oss unde~ ea~d poli-
cies, ea,h and eve~y, payab!e ro said MOR7GAGEE as its int~reat ~nay appear, and rach and every svch po::c~ shall be p~omptly ass gned and dz~~.e,ed to
sny held by sa:d MCRiGAGEE as further sccurity to sa~d n•.ortga9~ d~bt, and, nor less rhan ren (to) davs in adYance of the expiration ol each pol~cy, ro da-
liver to aaid MORTGAGEE a r.newal thereof, together with a re~eip~ ~or the premium ~f such ~enewa',; and ~i~rre she;i La no f~re or .v,ndster~n insurance
pl~ced on any of said bu~ld~n9s, any interest there;n o: par~ the~eof, un!ess in ~he fcrm and wnh rhe loss payak,le ~s afcresa~d; and in rhe evem any svm
of muney betomee payable under such pol~cy or pol:cies sa~d MOkTGAGEE sh~ll have ihe op!~on to rec~•~~e a~~d aoF-:y the sarne on accounr ef the ind~oted-
ness secured heieby or to permit sa~d MORTGAGORS ro receire and uae it or any o:,rt rh:~:c•of ie: e~l: ~r, ;s~s, ,~h ~r
ing any equ~ty, lier or righi undz~ or by virtve of this mc:cgage; and in the event sald MORiGAGORS sha!I fc• any reason fail to keep the said p:emis.s sc
inwred, or fail io deliver prompt~y any of saEd poi~cies of insurance to sa~d MORTGAGEE, or f.;i! prcrnptiy !o pay fu'ly any pr~~~~~~~*~ the:~~fcr er in any
rospect feit ro per!orm, d~scharge, exec~re, effect, complzre, tompiy wirh and ab~de by thls covenani, or any p,~ot h~•reof, sa~d MURTG:;GEE may p:ace a: o
pay for wch in~urance or any part thereof wiThout weiving or affec~ing any op~ion, lien, eq~ity, or nnh~ under or by v~r~ue oi thi: M,orrgage, and the
f~ll amoum of each and every such paymenr shall be immediately d~e and peyable and shail beai intaresr iro~n tha da!a ~h~reuf uniil p~~d at the rare oi
nine pe~ centum per annum and ro~ether wrth s~c~ i~tarest sheii be tecured by the lien of this mortgage.
4. To permit, commir or s~ffer no waste, impalrc~ent or deterioration of sa~d property or any part therzof.
S. To pay all and singular thr costs, charges and expenses, ~nclud~ng a reasonab~e a!torney's fee and costs of abstracts cf t~tle, lnturred or paid at
any time by said MORTCAGfE, because or in the event oi the fa~lure ~n ihe part of the said MORTGAGOR to doly, promptiy and i~;iy perform, d~scharge
execute, effed, com.piete, camply wrth and ab:de by each and every the st~pulai~ons, agreements, condlrions, and covenants of sa~d pron•,Issory note and fhh
mortgage any or either, and sa;ri cosrs, charges and expenses, each and every, shall be immzdiateiy d~z and payab!e; whether or not thrre be nor~ce d-
mand, atte~npt to collect or suit pen~ing; and the full amo~nt of each and every such paymero sh~li bear inrerest from the date thereof until paid at ti~e
r~te of nine per centum per annu~n; and all said cos~s, charges and cxr~~nscs inc~rred oi paid, tog~tfier •,~vnh such interest, shall be sewred by the lien of tn~f
mor tgage.
6. That (a) in the event of any hreach ot th~s AAortgage or default on th~ part of the h10RTGAGCR, or (b) in the evem any of ea d su~ns of money
herein referred to be not promptiy and fully paid w~ti,in th~rty (301 days nexi ait_r ihe same severa!iy becom= due and payaLlc>, wiii~ovt demand or no~~ce,
or (c) in the event each and avery the stip~'a!iuns, agreements, conditions and covenants of Sd d F`~O~1i550~Y note and th;s mortgage any or e~fhrr are not
~uiy, prompNy and f~lly performed, d scharyed, exec~ted, effecred, comp~eted, complied with and abided 5y, then in ei~her or any suth event ihe sa:d ag
grega?e s~m mentioned ir. said promissory note ;hen remaining unpa~d, with interesi attrved, and a~i moneys secured hereby, shail become due and pay
able forthwith, or thereafter, at the op!~on of sa~d h10RTGAGEE, as fully and cempieteiy as if ali of tt,e said s~ms oi money were originaliy st~p~lated
ro be paid on such day, anything in sa d pro:n~ssory note or in this Mortgage to the centrary notwithsta~:d:no; and iheieupon or thereafter at the op~~on of
xaid MORTGAGEE, •nrrthout ncr~te or demand, su~t at ;a~x or in equ~ty, therefore or thereafter begun, may be prosecuted as if all mor.eys secured hereby
had matured pr~or to ~ts instit~tic~n.
7. That in the event that at the 6eg;nr.ing of or at any t~me pendiny any su;` upon this Mc~taage, or fo ?oreclose it, or to reform ir, or to enforce
payment of any ciaims hereunder, said ~AORTGAG~E shall apply to th~ Cou.t having jur~sd!c+icn thereo.' for ~he appo!ntm~ent of a Rece~ver, svch Covrt shail
forthwith appoint a receiver of said martgaged property a:~ and sing~;ar, intl~d:ng al! ar.d singu!ar the ir.cc,me, prof~ts, iswas ard revenu=s from wh,tever
source de~~ved. each a^d every of ~vh,cF~, it being express'y undeisrood: is hereby mo~tgege•d as lf spec.fica'.;y set forrh and descnbed in ;he gran~ir.g ar.d
habendum t!a~ses hereof, and s~th Rece~ver sha!1 hev: a;l the broad ar.d effec?ive funct,ons and pev.e~s in anywise er.trusted by a Court !o a Receive:, a~~d
s~ch appointment shail be made by such Co~rt as an a~1^~itted equ~ty and a matter of abso;~te r;ght te se~d f~~ORTGAGE`., and ~.itho~t rei~rence ro the
adequacy or inadequacy of the value of the pioperty mor~gaged or to the se.venry er ~nso:vency of szid R1pRiGAGOR or the defandants, and that such
re~~s, prefits, inccrr,c, issues ar.d re~renues sh~l! be app!!ed by such Rc:civer ec~erd.r.g io the lien o: equir; cf s~ d P.',OP,TGAGEE a~,d 'F.e rra:tlce of s.ch
Co u rt.
8. To du:V. Fro;r.p!:y ar.d fui!y ;,erfor:-;, disch•rg~, execur~, effeU, Cv'~.~,ICf^ Cn••:~:~j 'vli'.!!~ .ed c.;Sde by e~cF and evc,-~ 'he s':,,ui~ric::s, agrea:ncnts,
conditions and covenants in sa~d prom:asory note and th~s mortya~e s~t forth.
4. 7hat in the ever~t the o~vnersh:o of !he mortgaged prem~ses, or ar-~y part tnereoE, Eccornes vested in a person cther thsn the MORTGAGOR, the
h'.CRTGAGEE, its successors or,d ass~gns, may, w~~hout nor~te ro rhe ,':'.ORiGAOR, dea wirh such successor o~ successor in ~nterrst v+~tn rrference to th~s
mortgage and the d_bt hereby secured in the same manr.er as with A~SOf1~3fj0~ w~thcvr in any way vitiating or d~uharging tha hicrrg;go~s' liab~lity here-
~nder or upon the debt hereby sc~ur~~d. No sa'e cf fhe pre~nises hcreby mortgaged a~d no forbeara~te cr. the oart oi tha 1f.ORTGAGEE or its successors
~r ass~gns ar:d no extens~on of the ti:ra 4or the payn~.ent of the debt he~e6y secured aiven by the 11~pR':GAGEE or its successors or ass:gns, a~:ail operate
fo re~ease, d~scharge, mcd~fy change or aftect tne o!ig~nal Gab.l~ty of tne MORTC,AGOR herem, either in whol~ or in part.
10. It is spec~f~ca;;y ag~aed that tin~e is ef the essence of ihis cooLact and that r.o waiver of any obiigat~on hereurder or of ihe ob!igation se-
e~red hereby shall at any ti~r~.e thereafter be heid to be a wa~ver of the terms herect or of t~e instru^~ent sewred he~by.
i!. In add iio~ ro th.~ foreac ng ~uor.!hiy ~3ym_n'S of p,inc pal and in+.>,~,st requ:red 'ey the „cn sscry na'a s:cu+ed her_b/, n~origaa~r tovenan!s
and agrces ro pay to r. orig~gec ..~'F cacf~ r ~ nh ~ pa~~•e~~* a.. o:.~ r:or.:~l s~~e~ ~s, ..ated b~ mo•ty~~ee to oe eyvai to i, ;2 of t~,~ cost of the foiiow-
ing:
A-.~II real property taxss !e~:~ed er assess~o ag3i-~st the above desvibed ~cal estate.
6--Pra,; o,,,s on fire ar.d .vir.ds!or~,~ fn<.~~r:rce as iterc;~: r,-c,~:red to be carried cn th: prove~nents s n.~ate on th., ak:ove (~:iUiGfd fi1@"1LSCI.
C-Pre n~ums on wch mortc,aqe g~~~anty ir.s~ia~.ce as r;or;c,~agee sha:l ircr~-. t rr.e to ti:nr oeern f;v to carry en the ia::n secured he:eby.
Mortgagee shaii from r~~,~e 'o t: r e... •~f - rc:crt_agcr in r.r~ting o' the a-reu-t d.;-~ ar,d p3ya`u~e h=reurd~r ard su:h s~ ~ sn~!! thereu}~on ~e due and
Fayab'e on !ne dv-r dn!e of th~ r.ezt m.o-1h.; pay~~.cr,t and e.:cn s..~;ceszive mon!h !t ;~eaft~r ur.ril muty~gee sh~~; nor:fy me~rgagor ef a cnar-~ge in su:h
amount. Su:h s~ms shall 6? appiied 'oy rrecrrgag__ to:.3•d the payn•.ent of rea; p-cFerry t3xes, insura pre-• v^ s, ~ d ...;,;tg3ge gu~ranty insurarte
premiums.
~~'JITNE55 :YHER~,'1~ the said MORTGA.GOR has hcreunto set h:s hand and scr:i the day and year iirst aforesaid.
gned, ated d depv re ~n ine presence oi: ~ ± /
~ /
` [.,t~ ' (Se a i 1
_(Seal)
- ~ ~ (Seal)
(Seal)
STATE OF FIORIDA 1
} S5.
COU!JTY dF S~1Tlt', I,UC~l9 ~
Before me personally appe~red W~1 7 f A2T1 5_ ~2'~1~~,- and
Ada Le ~t11S1~Z'~11~-~ h~s ~rrife, to me v~e~l knewn and knov+n to me tu be
the individua:s described in and who executed the foregoing instrument, and acknow~edged before me that they ex?,uted the some fcr the purposes
Ihcrzin exp~essed. And the said_~__ AC~B Underhil.,7.-_ `
wi,'e of the snid W11Z~8.I11 S~ Underhill ~oon a separate and private
axam:nat~an by me t~ken separate and apart from he; sa~d husbar,d, ackrnw~ed~ed to rnd tefore me that sFe execu'~d said instr~^-~ent f:ee~y ar.d vo(un-
tari~y and w;rho~t ary compu!sion, constraint, app;ehei:slon, ~r fear of or from her said husband.
WiTNE55 my hand and ofiicial seal th~s_ 2 _ day of-_-- A. D. 19~_
- ~ ~
No+ary ~b!ic in and for th: State of Flor;da at large
My Co rr;ss~cn expires:
Return To: ,~.,F
First Federal Savincs 8 Loan Assc~Y~~p qNp R~CQ~dQ~K
of Forr i' c-:.~. ~ r~-
Fc*t Pierce, F~cnd3 ' ~
' , •
ttiOTARY PUSLIC; S~AT~df FtORiDA at LARGE
~0 !AY CG`;hfiSSiON'~XFiR'S APR. 24. 1959 '
*65 {~ApY 27 PM • ~ . . _
z a ~ ~ t ~ r '
. .~Luv~.~~ LERK ~ '
, ROGER ~EhC0~1NYY~
. ST. l.U C
. ~LORtDA
BO~JX ~~~7 , ,"t~
,,~,G,,~,,d . . . . . . ~ ~;~r,~j