HomeMy WebLinkAbout0325 . .s . ~ , ~ s
To plaa ~nd continuo~sly kt~p on tM buildinps now a MreaftM situat~ on said land snd on all equipment a~d pKton~lly oova~d b1? N~i~ ^+aq~
p~, with all p~aniwrR Iherwn paid in ivll, f'u~ insuranc~ in ~1» vswl tt~r+dard polity fonn, a suni ~pprowd by tM MORiGAGEE. +nd wind~tw~n t
;+uwance M tM wwl stu~da.d pol~cy fwm, in a ium app~ov~d by the MORiCs1?GEE, i~ such canpany w canp+nies a the MORTGAGEE may i
dinctt ~nd dl tU~ and wind~twm insurance po~icie~ oe +ny of said build~np~, ~ny int~~Kt thtr~ie~ w part tMreof, in th~ ayq~p+~~ sum atoraaW ar
In ~xcas ~her~of, aMll contain tM uswl if~nd+rd mor~~+pN tl~vse a ivch other claus~ ~s tM Morta~ m+y rpua~. m+kinp tM bu unda said poti~
ci~s. ~sch and ~very. p+YSbl~ to said MORTGAGEE +a its inlereil may ~ppea~. and sach u+d ~wry urch policy ib~ll b~ p?anptly asf:yned and delivered b
~ny h~W by s+W NIOPTG/1GEE +s fur~i?K s~cv~iry to ss~d mortp+y~ debt. aed. e+ot ku thsn tM (1~ day~ in adwnc~ oi tM tapiratio~ of each policy. ro d?
liwr to uid MORTGAGEE • nnewal ~M~eof, top~~he? wi~h a~eceipt for tM p~emium of wch rtnewal; and ~her~ sh~ll b~ no fin w winds~o~m inwranc~
plaud on any of taid bvildirgs, any intcrtst tiw~i~ or put thenof, unleu in tFw fonn'and with tM bss pay+ble ~s ~fa~said; ~rd in th~ ~W~11 My {YT ~
of mon~y become~ p+y+bl~ wder such poticy a pol~cisi uid MORTGAGEE shall haw tM optio~ ~o rccaive w+d spply tM s+m~ on +ccax?t o~ tM indebted~ p
Mss seNnd hertby p ro pe~mit ssid MORTGAGORS to ~tuiw and us~ it w•ny parf thereof fw othc~ purposes. withoul thxeb/ waiving a~mpair-
;nq ~ny pu~ty, li~n a ripht under w by virtw of this morlyaQe: u+d in tM ~vent ~ud MORTGAGORS shall fw ~ny rNion fail to k~ep tM s+~d p~~miu~ so
insured, or fail b dsliwr promptly u+y of said policiss of insunnu to ssid MORTGAGEE. or fail promptly to psy fuHy any premium ther~for or in ~nY
respett fail b qtfotel, dixMrge, ezecvt~, ~ffett, compkt~, comply with and ~bide by this covenant, a ~ny p~rt herwf, wid MORTG4GEE may p~+cr +~d
pay fa wch inwranc~ w ~ny pa?t thereof w~thout w~lvinp w affectirp ~ny optiay lieo, puity, or ri9ht undN a by vktw of this Mwtyap~, ~nd rAe
full amovet of each and ev~ry s~ch p+yrt~nt sh+ll be arwnsdi~tely dw snd pay+ble and s!?all bea intKeit from th~ dat~ thereof ue?til paid M tF+~ raM ol
n~ne p~r c~ntum p~r annum and together with iucA inte.est shall be secured ksy tM lisn of this mat9ape.
To pKmit, commit w wffer no wait~ impairment o~ deterioratan of said propKty a am put thereof.
5. To p~y all and sinpulu tM ~cwt~, chupes +nd expenses. 7ndudirg +?e+saWble attw~ey i fe~ and costs of ~bstracts of titl~, incuned o~ paid
any time by aid MORTGAGEE, beca~ss a in the ~wnt of the failuro on ~he part of tM said MORTGAGOR w duly, promptly ~nd fvly pe~fwm, dhcharg~
execute. ~ffect. oomplet~, canplY w~tk snd abid~ by exh ~nd evcry the stipula~ions, ~yreaments, conditia?~, ~nd oovenanb of said promissory no» and thu
mortpay~ aeryr w ~ither. +nd sa~d cwn, charpes and expernes, each and every. sAall b~ imrt~ediately du~ +nd p+yablr, whethe~ or not th~r~ be ~wKCe dr
mand, an~mpt to collecl w svit pendinp; and tM fvll ~nount of each and every wch paymcnt ih+ll bea. inrerest from the date tMreof until p~id at the
rate of nin~ per cenwm per annum; and all ssid cbsn, ch~ryas ~nd exp~nses incurrod w p~id. tope~F~a with such inter~st, sA~ll b~ sscured by tM ti~n of tlrti
mortp~pe.
b. TMt ja) in the event of any beach of this Mortysgt or def~ult on tFr part of the MORTGAGOR, w(b) in the event any of ~aid swns of morny
herein r~fared 1o be not pra+?ptty and f~lly paid withi~ th~rty (30) days r+ex~ after the same seve~ally become due and p~yabl~. withou~ dem+nd or notia,
or (c) in th~ ~wnt each ued tvery the stipulatioea, agrs~rne~n, conditioni and coven~nb of sa~d paniuory note ~nd tlas mortp+~e any or eithst +r~ no1
iuly, promptly and fully perfwmsd, d~scF»rped, exec~ted, effected, completed, compl~ed with and ~bided ~iy, then in either w any such ~wnt tM said ~
qreg,~N swn n+a?tia+ad in said promiuory not~ then ?em~ininp ~np~id, with interest scuued. and a11 moneys secured hereby. shall bec~me dw and pay~
abte forthwith, a tF~sahar, at th~ optio~ of s~id MORTGAGEE, ~s fully •nd tompletely as if all of the taid wms of money were orgin~lly stipubted
to be psid on wd+ day, anything In said promiuory note w in this Mortyage to the contrary notwithstandirg; and there~pon or thereafter +t the option of
•aid MORTGAGEE, w~thout notice o~ demand, suil at laa or in equity, 1FIQtlIOf! OI fF~lfNftH begun, may be proxcuted u if >II mon~ys s~wr~d hereby
had tn~Wred prwr to ~n ins~irv~ion.
7. That in tht event that ~t tne beginning of or at any time pending aoy w~t upon this Mortgsge, w to foreclos~ it, w to refwm it, or to enfoio~
psyment of any claims hereunder, said MORTGAGEE ihall apply to the CouM havirg jurisdidion tF~ereof fa the appantm~nt oi ~ Receiver, svch Ca?rt shall
fortFiwith appoiM a rcccive? of said mortg~ged properry all and singulu, intlud~rg aIl and sirgulai the income, profib, issues and revenues from whataver
wurc~ derived. exh ~nd svery of which, it beirg expressty undersrood, is hereby mortgaged as if apecifically set forth and described in tht pramirg and
habendum cbuses htreof, ~nd such Reteiver shall have all the broad and effective f~nct~ons and powen in anywise entrusted by • Court to a Reteivtr, ~nd
~ucfi sppointment shall be msde by such Cowt as an admitted equity and a matter of absolute rght to ssid MORTGAGEf, u~d withwit reierente to ths
edeqvacy o~ inadeqwcy of the wlue of the prbperty mortgaged or to the sonrency a~nsolvency of said MORTGAGOR or the defendants, ~nd that such
re~+s, profits, incane, issues and revenues shall be +pplied by such Receiver accwd~ng to the licn or equity of said MORTGAGEE ~nd the practia of such
Gourt.
8. To duly. promptly snd fully perfwm, d'ncharge. execute, effect, mmplete, comply with and abide by each and ~very the stipulations, ~yreem~nb.
conditans and oovenantt in said promissory note and this mwtgsge set fath.
9. That in the event the ownership of the mortgaged premises, a sny part thereof, becomes vested in ~ pason othe~ th~e~ the 1NORTGAGOR, the
MORTGAGEE, Ns successors +nd suigns, may, wi+hout notice ro the MORTGAOR, deal with such successor o~ successor in iMerest with refera+ce ro this
mo.tgage and ihe debt hereby secured in the same ma~ner u with Nbrtgaga wirhoW in a~y wsy viteatirg a discharging fhe Mortyagors' liability Mrr
under w ~pon 1he debt hereby secured_ No sste of the Fremises hcrcby mortgaged and no fabearanoe on the pan of the MORTGAGEE w its wcusson
o. suigns and ra exrension of tF?e time fa the p~yment of the debt hereby setured 9iven by the MORTC,AGEE or its successors w aui~% sfiall operate
ro release, dixh+ry~, modify change w sffect the original liability of the MORTGAGOR herein, eithe? in whole a in part.
10. It is specific~lly agreed that time is of the euence of this contrsct and that no w~iver of any obligation here~rnder w of th~ obligatbn ~e-
a,red hereby sh~ll at any time thereafter be held to be s waiver of the terms hereof w of the instrvment secured Ircrby.
11. (n add+tion to the forego:ng monthly payments of princ"pDl and interest required by tht promisso~y note secured hereby, mortgsgor tovenanri
and ~grees to pay ta mortgagee with eath monthly payment an sddirionsl sum estimsted by mortgsgee to be eqwl b 1/12 of the annual cost of the fdlow-
ing:
A-All resl property taxes lev~ed or asxssed agai~st the above described real estate.
6-Premiums on fire and windstorm insunnce as herein reqv~red to be carried o~ tFm improveme~ts situate on tF+e above desvibed premises. ~
I~i C-Premiums on such mortgage gwranty insurance as mortgsgee shall from time to time deem fit to csrry on the ban secured Aereby. ' ~
~I Mqtgsgee shall from time to tirrK notify mortgagor in w?iting of the amount due and payabk hereunder and such wm shall thereupon be due and
! payable on the due date of thq next monthly payment and exh successive month there~fter ur.til mortgagee shsll notify mortgagor of • change in wch ~
i amount. S~rth sums shall be applied by mwtysgee toward the payment of real proptrty tsxes, inwnnte prem:ums. ~nd morigage guaranty inswance
I premiwM. ;
IN WITNESS WHEREOF, the said MORTGAGOR has hereumo xt his h~nd ~nd seal the day ~rd year first ~foressid.
tM presence of: ~ - ~o
~ n
~ ~ K--n
'
STATE OF FtORIDA ~ s
~ SA i nt LLCi e ~ t
defae me penonally appeared 0~ ~ ie C Ruehano and
Vivian Buehanon his wife, to me well known and known to me to bs
the tndividwb described in and .who execvted the fore~yoing instrvment, and ackrawlcdged before me that tMy executed the sams for th~ purposes
~he,~;n ~„p,esxd. ,4r,d tlx ,,;d Vivian Buchanon
~ wife o1 ths wid ~ll~@ Ci. Buchanon trpon a sepa~ste ~nd priv~»
cxaminaYan by me tsken separate snd apah from hrr said husband, ~dcnowkdged to and before nw thst she exawted said inttrument freely and volur~
~ tarily and withovt arqi compulsion, constraiM, ~ppreF~ension,,,,iy fear of or from Mr said hvsband. . LL
my Mnd and officisl seal this - e~ day of 0. D. 19..L~.~
WITNE55 ~
~
Notary lic in ~nd fa the Stat~ of Florida ~t lW~
My ~xpires:
~ Rehxn Ta.
~ Fint Federal S~vingi ~ losn Association c ~Lry fhCb,,,,O~f 1~O~idi it
Of Fwt Pierte- ~OFO ~ ~ «m~a~~
~~M^y~K ,6~ 1967y
Fort Pierce. Florida ~~C QQ ••7 ~~~wM1/ y y~4 Y
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