HomeMy WebLinkAbout2164 3. To placc and continuousty keep on rne be~ ~i~ngs : e.v or f:c.•ea':er s.~..,~e c~~ .i :a~•.:i .i d ~m a e~,~l;:,:en~ and personaf~y co~rr,;d by rh~s martg-
~ge, wirh alt premiums thtreon pa~d in fuil, f~r~ ir~<,;r:r•~,e .n tnr usual srara~~d E•c:'~cy 'tc:~n, in a s~n aYpro~ed by ti~a MO.^~I~:~GEr, end windsrorm
insurancE in rhe usual ~+andard pol:cy Fo~m, in a;un, appro.~~d i~~ rhz ,41OFTGAGE~, in such co~npany or co~,,, an~es as the A40RTGAGEE may
direet; and all fire and windsturm ins~~rance pai~t;rs on an~ of said 'e~~ ci ngs, ~sny in~ertsr there:n or ~?art the:eef, ~n the aggreyerz s~m ateresaid o~
In excea~ thereof, shall comain the ~s~al sta:~derd mortqayer c~aus~_ cr s~:h ochrr c'jwe as rhr Mortgagee may r~•~~:~e, n~aling rne loss unde. sa~d poli-
ties, eech and every, payable !o eaid h1CRTG.4GEi as ~+s Ir11~(~5( rn~y aFpeur, ar.d each .x•.d every svch ~o;;cy sf,a;l i~~ prompliy ass gned and det~vered ro
any held 6y said MORCGAvEE as further ae~U~ity ~o sald ;,,ongag~ dtbr, and, not Iess than tr~ ;li~; d~ys in ad+ance of the axpiration o4 each policy, to de-
livs~ fO ~aid MORTGAGEE e renew.:l ~hereof, Iogether with e rrce~pt to• th~ premwrn nf s~ch re,~ewa!; .~•~d there yha!I be no f~re or windstc,~n~ insuranca
plated on a~iy of said buildinc~s, any in!errst iherc~n or pert thereef, ~~nlrss in rne for~n and w~th ihe ioss pay~ble as aioresa~d; and in the event any sum
of money brcomes payable undtr such policy or polic~es said MURTGAGEE s~:aii haee thc e~:t,e~i to rec^~v_ and app!y thc sainz on account of tha indebrt~d•
ness set~rtd hereby or to pCrm~t Sa%d M~RTGAGORS ro ceceivz and use it or any p..rl rh~~:eof on,~ - ~:ur:.~s~;, .„~t th:•. o; ~v,i.i cr ~~~+p,:r-
ing any equity, lien o~ righ} under ar by virt~~e of th~s mortga~e; an~J in the e.•e~~t sa d MORTGAGO;S sh:i'! `or any reason fail to kecp the said pre~nises so
inaured, pr fail fo dr!iver promptly any of said ~wlrc;es o( insuran~~ to sa;d MORTGAGEE, or foil Euon,p!ly to pay f~fly any ~;re•~+~~~~n theref~% or in any
respect feil N perform, discha~ge, execute: effect, comp~ere. comply w:rh ar~d ab+'de by th~s covenant, o- any pa:t h~reof, sa~d MGRIGAGEE ~nay piace a~~,d
pay for such infuranc~ er arry p~rt thereof wlthout waivinc~ or affe.ting any c.pt~o~i, lien, equity, or r;gh? ~nder or b~ virtue uf this Mortga8e, and the
full amovnt of eech and every such paym~~nt sh,~ll be im:necilately due and payab!e ar.d shalt bear interest f~on, th~ riate tliereof unri; paid at the rate o1
nir.e per can!~m per ann~r.i and togerher ~.ith such i~:rer~•st shril be secured by r!~e lien ot th~s morrgage.
4, To permit, commit or suffer no waste, impa~rn•.;~ni or detecioration of said preperty or any part thereaf.
S. To oay all and singular the costs, charges and expenses, induding a rezsonab!a attorney's fee and cos?s of abs!racts of tiNe, incurred or paid at
any time 6y said MORTGAvEE, because ar in tFe event ot the fa;(ure en the part of ;he sai~{ Ir1JR1GAGOR ro duly, pro^~prfy and fui;y perto~m, d~schargr.
exec~te, effect, tomplete, tompty with and ab'de by each and every the st~pulalions, egreerti~nts, cond~!ions, ard cove~La~:ts of sa~d proinixsory nota and thls
merfgage any or either, end sa:d cosis, chargrs and exeenses, eath and every, Shail be immediately due and payab:e; wheti~er ot not there be notice dy
mand, ettempt ro collect or suit pend~ng; and ti~c fufl a:i:ount of each and every svch payment sha'I brar interrst from the date thereof until paid as ti~e
r~te of nlne per cent~rn ~;er annom; and el: sa~d ccsi>, ck~aryes arid ex;.:enses incurred or paid, toye~{~er ~vah wch interast, shall be secured by ihe lien of th~s
mortgage.
6. lhat (a) in the ~vent of any breach of thls MOtf73C]@ O7 detauii on the part cf the JUORTGAGpR, or ;6) in the avent any ot sa;d wms of money
herein referred to be not promptly and fully paid ~n~ithin th:rly ~30} days next a'rtcr ~iie same ;evera:(y become due and payab!e, without demar.d or notice,
or (c) in the eve~it eath and every the sYpulations, agreements, cond;;ions ar,d covenann of s~ d pro~nisso.y norz ar•d rh~s mor*gaye any or eiiher are nof
~uly, promptly and fully perforr.ed, d:scharged, ezecu~ed, effecied, cornpieted, comp!ied ~N~rh and at:,~ded 5y, then ~n erther ur any such event the said ag~
gregate sum mentioned in said promissory rore then remaining unpaid, with in!ere;t accr~ed, and a~: moneys securzd hereE~y, shali become due and pay
able forthwirh, or thereafrer, ar tFe op!~en of se;d h10RiGAGeE, as fully :,nd com,pierely as it a!I cf +h_ s.3~~ su:ns o; money were or~ginaily sY,p~iated
fo be oa:d on such day, anything in sa d pro;n;sscry note or in this Islortgage to the contrary notwirhstand;~,y; ar.d rhereupo,~ or thereafter at the opt;on of
said MORTGAGEE, without notice or demai:d, s~~t at (aw er in eq~ity, thtrerore or it~er~afrer ncyvn, m.ry be prosecuted as if a!I moneys secured hereby
had matured pr~or to its institution.
7. That in the event that at th~ 6eyir,ntng of or ;t any time pendfng any su't upon th~s M~~~tgage, or to foreclose it, ar to reform ir, or to enforce
payment of any tiaims hPrtundar, said h10RTGf:GEE thali app(y to she Cc„rt hav~••,~ ~~,.~s~:c;:~n !hercof for the ap`~o;ntment of a Re;eiver, svch Co~rt shail
fo~ihwith eppoin! a reteive~ of said mortgzged property aii and singular, inc;ud "n ali a~+d s~n~v;,~ fi•,e i^corre, prof~ts, iswes a~,d reverues firom wfiatever
source derivra, each and every o~ wh;ch, It be~~~g express'y undersrood, is hrr.by n,or,;aa ;•:;i s~f spec~!itally set forth and ~iescribed in rhe grannng an~
Aabendum dauses hereof, and such Receiver sha:~ have a:1 rh~ b.oad and e~fecr~ve f;;~•cte~.s a~~d co,vers in any.v~se emrusr:d by a Covrt to a Recei~•er, and
tuch appointment shall be made by such Ceurt as an adei;rt.d equity and a marfer cf abso~vt~~ r:ght tb said MORTGAGEE, and vr.thout reFerence ro the
edeqvacy or inadequacy of the value of rhe proptrry mo:rgayed ur to rh_~ save~,cy e. inse ~enc~ ot sa~d MORTGAGOR or rhe defandanrs, and fhat such
renrs, profits, income, issues and revenues shali bc applicd by suCh Re:eiver accord,~,g ie tno i~en or eqoiry of sa~d N10RiGAGEE and ti~e pract;ce of suth
Cour1.
B. To du1y, promptly and fvliy aerform, dfscharge, exe.v!e, ~ffe;t, ccmp!e~e, co~~~~;!y w~!h and ab~de by each ar.d every t~re stipu~ations, agreements,
cond;fiens and covenants ~n sa~d pro:nissory note ar.c+ th:~ morrgage sef forth.
5~. That in the ever,t ti~e cwnership of th~ mortga~ed pre^-is~., or a~y p3rt thcrc; F,,,o~nes ves!ed in a person othef than the MCRTGAGOR, Th~
MORTGAGEE, its successars and ass:gr,s, ma~ w~~hoc,! norice to ti;e h',O3TGaOR, deai .v~;i; s~ch s~ccessor er s~aezsor ~n ~nterest wi?h rcterer.:e to th:s
mortgage artd rhe debt hereby shcu.ed ;n rhr sa~n~~ rn?rner as w;th ;4o,rgaqo~ with:u~t in arri way vit~atiir,g or d•s:haroing the t.tor+gagors' lizbility here-
under or upon the debt hereby ;<c~red. No sale cf tt e Fren,~;c•s h_~eb~ ,n~,tg;ged ar.d no foree~ra~~ce on the part of the ?1~ORTGAGEE or its successors
or assigns and no extension of the lime for the p~yme~~t of ti:e deot nc~+~!:y zecured g~ven b1 th~ t,102?G.~:i,EE er ~ts wccessoie or ass;gns, a;:•al! operate
lo releaie, d~scharge, modify change or affecr the origmal ;iao:';:t~ of thr_ h'~ORTGAGOR hereln, e;lher in ~,rhole or in part.
10. It is specificatly ag.eed thai ri-ne is of the ~s;e~•ce u' this c~~,~rac~ and that ro wai:ar of any ob~;ger~.en hereunder or of the ob?igation se-
e~red hereby shall at any time ehereafrer Le he:d to be a wal~er c` rh~ ~er,,s hereot or of the i„af~ur.;~nt secured he~by.
11. In add tio.~ to the forego'ng ~ren!h:y F~aym_n;s of F:rir.c pal and i•,r.~,;.,s! rtrqu~~ed by •he pro-n sscry nc'= sac~red he,-~b~, mortgagor tcvpnants
and agr~es to pay to mort~.agee v.~th eacii r. on±h'y ra,• •en! an adU:~:~nal s~~:~i _s~ . a?eci 6~ r,or~g3y~••~ to be z:~~al to 1 12 of tl;e ~rn~al cosi bf the fo!low-
ing:
A-All real property taxas le~+i:~ or a5sesse~ a^yai,s' tf•e ~i~o:e desc~~~~cd r a" csrare.
B-Prem.iums on fire a.no v,~r.:lsrorm insurzccc ~s ^;rc~r, ro7; rca to E•~ iarned r•~ ah~ .;~rovemenrs s:!va~e on th~ ebcve d~sr.rlbed premises.
C--Premiums on such mort~-ce gvararty irsurar ce as n;o~~gs: ee sf,3'i fre t:~~:r ~o r; oc deern tit to carry en the loan sec~red heroby.
Mor!gagee sha'! from tine to !h^e ro~ fy m t 3g-:r :n writ~n~ of ihe a ~•~t J a:~d p~yah!e here~nd~. and s•ch s~~~: sh~;l thercupon be due and
Fayah~e on the d;.re ca!e ot ;he r~~>tt r.:o^t'r i p~, a~ ~ e •h s c~ss vr r~• , _<~~r t:!i mc•tg3gee sha', no'fy r7or?,3~or of a thange in sucn
amouni. Suth sums sha;i be arF~ ic~J by mortgagee i•:a•d tn_ };ay, en. re~ p op~rt~ taxes, ~r,w•~~ce pr?-r ~rs, a:~d mort~age guaranty insurance
premiums.
N 1NITNESS V':HERE~F, t!:e sa;d MOP,TGAGOR has h~reun!o set h~s h~nd and s~~ei the day and ye first afor ~d.
Si ne , Sea and elive d in the~prFSence o':
~ ear n v Seal)
P , u$ ~~a~~
~ A~Il(~- 8$ 11Q2' AIl O e
- - 8 $ ~ Q~~~119 • @18I` el)
nco~p~ en , e w e o
STATE OF fIORIDA Fhilip Pea~l
! 55.
CO~NTY OF _ ~ti I1llL`~A ~
Sefrsre me personally appeared Phi l i ~
'~~-~6~3-~}.~ ~I8I3'Q'h8 K de'rfe~ o me we n~wn an~d~now~{ to me to be
the individ~al!' described in and who exec~ted the orego~ng insrrument, and acknowfedged b~fore me !hat -theT executed the sarne for tfie purposes
there~n exprued. ~wd~ti~a-a~il ^
~rr+fe t+f-M+~reid ZrPon a ~epa*eft~rfd~priielp
ea~weinNi~?~by~w~e-tak~w r~p~.~lra~vieF spsrr 6~vw,-F.e~d~ h,nbend-actiewewiedgec~•tie and-be~Fexr ~wr fF~at 9Fie ~eneev~ed- ~id ~ivrstrvrwe~+t-freei~av+~ rdurr
1+~iiy~+d- vritisv~rH w~ ec~w,p~isisrv~ e~owahe;M ree~xri~sii„r,. w fear -eF er rF'ent seid i+~bend-
WITNESS my hand and official seaf this_____.~~~_~_ d~y ~f_ ~ k. D. 19_~._
~ $ ` _ ~/S!
~ No ry Pub'ic in ar.d for the State of Florida af Large
M Commistion expires: ~ Z¢ 6~
keturn To:
first Feder~i Savings 6!oan Asscciat~vn _
~ Of Fort P~e~ce. N~7ARY PUBLlC, STATE ol FtQRfDA at LpIFGE
~ F~~.E N~riK~~~+Q~~Q ~ MY COMMISSION EXPIRES APR. 24 1969 ,
-r.~ ' ~OOK - . _
_
' ~ . . ' . ~ ' ' `
'6S JU~I Z 8 P~I 3 : 19 ~ _ - ~ _ '
~ ~ ; .
_1 ~;€~~~`j ~ ~ ~ . . v ,4:
RQGER ~017RAS. CLERK - ~ "~.~l~ _ ' ~ ~ ~
ST. L.UC1~ COUNTY. ~ p~ : : • . . - ~
FLORiDA 840t'~~ ti~ ` `
~~+s~w.~r•~+ 11.~ ~Q 1
. ~ . ~ ''f
frr!`~t.l}14}~l'S~ 4`• y- ,