HomeMy WebLinkAbout1464 TO PIK~ afMi COI~tI11Y0ViIy k~~Q OR NM M11Wif1~f 1WV~I a? hftNHN fifWtl 011 Nid 1~11d ifld Of1 iII lqYip~Mflf ~(Id pNtOfNIIy COVKNI ~I 1F11~ IIIOft~
ap~„ wi~h dl p~mwr•4 tM~wn pa~d G+ fvll. fin ie?iur~nce in the uiwl standKd policy fwm. ~n s swn approwd by ~M iN~ORTGAGEE. and windstwn~
i+awana In tM vswl sqnd+.d pol~cy fan~. in • ium ~pp~owd by ?he MOkTGAGEE. in wcA company or canpania as tM MORTGAGEE i.~ay
dir~dt ~d dl fin ~+d winds~orm iowrano~ poiicies on any of s~id buiWinps, u?y MMrat tha~in w part fherwf. in t!w apprep+t~ sum ~fors~aW w
N ~xceu ~herwf, sMll contain th~ uswl st~r~dud mortpapN claus~ a wch ai~ tlavs~ as ths lNo.tpaye~ m~Y n4uin. n++kin0 tFw {oss undN said po1F
cia. Nch ~nd tv~ry. WYabl~ 1o s~id MORTGAGEE as its inlerest m~y app~u. ~~+d tach and ~very ~uch poliq ihall b~ promptly au:aned ~nd d~liv~red to
~y MW by w~d MORTW?GEE a fwrha secwiH ro~id marp+y. d.br. ~nd. ~w I~ss than t~n (101 days in ~dva~ oi tM ~~cpkatan of Nch policy, ro dr
liwr to saW MORTGAGEE ~ nnewal tM~wf. top~tiw~ witA • rec~ipt fa th~ premiuen of wcl~ renewal; and IMn sMll b~ ~o fir~ a winds~am inswu~c~
pbad cn any of said bvildinps, u~y int~rep ~~in or put tM?wf, w+t~ss in t!r form'~nd with tF» bss p+yabk u~fw~wWt +~d G+ tl+~ ~vMt ~ny sun+
~f „~y becp~~ p~yapl~ u~ds~ wch poli~y o? polici~s said MORTGAGEE shall h~w th~ option ro noeiv~ u?d spply rM sam. a+ +aoum o1 ~M ind~br.d~
,w~s s.cw~d h~nby a a permir uid MORTGAGORS ro reuiv snd us~ H or +ny put thereof fa othe~ purposcs, wi~hout Ihe?eb~ wai~in~ w impair-
~ ~^Y ~~b.~rt ot ripht vnda or by virtv~ oi this mottpap~s and ~n ti+~ tvsnt ~aid MORiGAGORS ~I?~II for am n~~on fall M luep tM s~id pnmises so
inwred, a fail b d~livK promptly ~ny of said policies of i~~~na~ to s+id INORTGAt'sEE. « t.a P.ort?Prw ro ar fi+~b +~Y p+~^~+ivm tM.efw a in an1
n~p~ct f~il b p~oan, dixMrpe. ~:~tuN. ~ffM. oompl~N. tomply w~~ ud ab~d~ bY this cov~^+^t, or ~ny put F~wf, aid MORTGAGEE may plsc~ and
MY fa wd~ ka~ar~ or aeyl pa?t tl~wf witl+out waNinp or aff~ttinp +nY cPNw~. ~ien, W~itY. o~ rigAl w~dN w by virtw of this Mwtqap~. aod tht
ivll an+ouet of ~ach snd ~w.Y s~d~ WYm~n? sh+ll b~ inr~wdia?~ly dw u~d p~yabl~ and shall b~ar inte~es~ from ~M dat~ theraof un~il paid at th~ ua ol
nin~ pK pntum pN anrwm ~nd toyethe~ with wcA intaest ihall b~ sacvnd by tFw li~n of tha matp+p~.
To p~rmit. aanmit or wffa no wu». 4nP+wmeM a detNioration of said prop~rty o~ ~ny part tM?wE.
5. To pay ~II and sinpui+r :P~ ~cos~s. d++rpes +nd ~xPu~ses, inchidiny a reasonable anorn~Y's f~a u+d ooita of abstacts of title. incurnd w Wid N
u~y tirty by i+id MORTGAGEE, b~caus~ a in tht ~wnt of tM failwt on tht put of tFw said MORTGAGOR to duly. pranp?': +nd tvly pwfor.:., dischar~
~x~cuta ~ff~u. mmp1~». comPh? with and abid~ bY ~xh snd eve+y th~ stipulatiau, ap~eement~. conditions. ~ed aownant~ of s+id promicr~y not~ and thi~
morep~p~ u?y a eitha. and sa~d costs, d~+rq~ and ~xperws, esch ~nd ~wry, shall be immediately dw and psyablr, whether a no1 tha~ b~ notici t!s
m~nd, sttempl ro oollact or wit p.~w~irg: and ti» fvll xnount of s+ch ai+d we?Y sucl+ Wyment ah~ll b~N i~teres~ hom the date thereof ~rntil paid ~t tl+~
rate of nirN per ccntum psr ~nnum; ~nd all said cdsb, cFw~es ~nd expenses incwr~d w paid. toptthsr with s~xh intKpt. sMll b~ aKUred !~y tM li~n of thit
~b~
b. Yhat (a in the event of any b~xh of tlus Matysp~ w defwlt on th~ psrt of the MORTGAGOR, or (b) ie tM ~veM +Mr of s~~d swro of mary
Fwnin r~f~rnd ro b~ nw pranptly a~+d fully p~id within thirty (30) d~ys next after the same severslly becane dut and payable, without d~m~~d a notice,
w W in ths wMt each and ewry tl+~ stipularions, ~grNmenn, conditaro and corea+nts of sa~d promissory note and tFas morqape any a ~i1he~ a~~ nol
iu1y. prompNy and fully pafwm~d, d7sch+rped, ~xecufed, ~ff"scted, compl~ted, complrod wi~h and abided by. thsn k~ either or u?y such ~wnt tM s~id ap~
pre~t~ wm m~ntionad in taid promissory note then rem~ini~g unpa~d, wirh intcrest aarued, and all moneys seturod hersby. shall bec~ dw and p~y-
~ble forthwi~ly a ther~aftN, st tFw optan ot uid MORTGAGEE, ss fvlly and co~npl~tely +s ii all of the qid wms of monsy we~~ o~ipiMlly stipulsted
ro b~ p~id on wch dsy, any~hiny in sa~d promusory oote or in this Mortysge to tM conu~ry notwithstanding: ~nd the?eupon a thereaftar at th~ op~ieo of
said MORTGAGEE, without notic~ w demsnd, suil at lawr or in p~ity, th~refw~ or thers+her ba9un, m~y be prosscuted a if ~II ma~eys s~cvred tweby
had malVled p~iOr ro its fnstitutioe.
7. That in tM evtnt Iha~ at th~ beginning of or ~t ~ny time pendiap aoy su~t upon this Nbrtgsgs, w to faeclo~e N, or to roform it, or to ~nfaa
paym~nt of ~ny diuns hereunder, said MORTGAGEE shall spply to tl+e Gourt hsving jw~sdiction tlxreof for the ~ppantment of ~ Raceiwr. wch Cow: sh+ll
fortliwith ~ppoint a receivtt of said mortyayed property +II and sirgulu, ir+clud~np all and singular tFu incan~, profiq, bwes and r~venues from what~v~r
aowce d~riwd. ~ad~ ~nd ~very of which, it beirg expressly understood. is hereby mwtgaged u if specifiully set forth and described in ths yrantinp and
Mb~nd~m cla~rus hereof, and such Receiver sh+ll have sll the broad and effeceive f~nct~ons s~d power~ in anywise entrusted by a Court to a Receive+. ~nd
wch ~ppoin~ment thall be msde by wch Court u sn ~dmitted equity and a matter of absolute riqht to said MORTGAGEE, and without referaxe ?o th~
•deq~~cy w k?~deqvacy of tM value oi tlw prbperty mortgaged w to the sohrency w insolvency o( s~id MORTGAGOR a the defendann, and that such
r~n~s p?ofits, incane, issues and r~venues shall be applied by such Receiver aaord~ny to the lien or equity of said MORiGAGEE and the practiu of sucl~
Court.
& To duly, promptly ~~+d fvlly paform, d'acharye, exacute, effact, compkte, comply with and ab'~e by each and every the stipulstions, ayreemenis, -
conditans and coven+ms in ssid promisswy not~ and tha mo.tgsge ut fwsh. ~ ,
9. ilut in tM eveM the ownership of tl~e mort9s~ed premises, or any put thtreof, becarnes vested~ in • pTrrson other than the MORTGAGOR, the
MORTGAGEE, its successora ~nd assipns, m+y, wirhout notice to the MORTGAOR, deal with avch successor w succeasor in interest wi~h refe~ence ro this
mo~t~apt ~nd the debt hercby secured in the s~me manner as w~th Mwtg~gw w~fiaut in any way vit~ating or discFNryinp the Mortyagors' IiabiGty hero
under a vpon tF~e debt hereby sec~red. No ask of the Fremises hcreby mwtyaped and no fwbesrsnce on the part of the 1NORTGAGEE w in successors
o? suip~a and no extens~on of the time fw the payment of the aebt hereby :ecured given by th~ MORiGAGEE a in succeuon or auigns, sMll operat~
to r~l~ak, disd+srpe. modify cF?ang~ a affect the wipiasl Iiab~Iity of the AhORTGAGOR herein, either in whole a in psrt.
10. It h spcc~fically agreed that time is of the cssence of this cw~tr~ct and that no waiver of any obligatan hereunda or of tM obliyation se-
wred Mreby shal! st any time thercafter be held to be a waiva of the terms hereof w of the instrurt~ent secured herby.
, 11. In addition to the forego:ng mo~thly paymcnts of princ'pDl and interest required by the promissory nole secured hereby, mortgagor covenants
and apre~s to p+y to rt+o~tp~gee wirh each monthly psymens an +dd~~iw~al sum cstimated by mortgagee to be equsl to 1/12 of the anoual cost of the follow-
i^9~ . .
A-All real proRerty taxes kvied or ~ssessed against the above deuribed rest estate. !
! B-Premiums on fi~e and windstorm insurance as herein requ~red to be ca~ried on the improvements situate on the above desuibed premius:-
j G-Premiums on such mortgage gwranty insvtance as mortgsgee shall from time to time deem fit to prry on the ban secured i+ereby.
~ Mor~gayee shall from nme to time ~otify mortgagor in w?iting of the amount due and payabk herevnder and such wm shall thereupon be due and
( psyable on the due date of the rte:t monthiy paymem and each successive month thereafter urtil mortgagee shall notify mortgagor of a char+ge in such t
amount. Such wms shall be applied by mortgayee toward the paymtnt of resl property taxes, inswance prem:ums, snd mortg e guaranty insurance
pr~n+iums.
IN W!TNESi VYHEREOF, the ssid M^v~iGAGOR h~s hereunto set his hand :r~d sesl the da yeu rst af ~d. j
E/ '~S~aJ~d _and ii ed in th~ pres~nce of: .
~ /y,A~;i ~ ~ q
~ T"~ a . o en ~
0
~ Di nita . o n n
~
STATE OF~ V/R~~^''~~ ~
COUNTY OP F/~ //~?/C/~ /~C ~
~f„~,~,~~,a,,,~~y,~.~ Paul C. Holden
Menzenita M. Holden €
his wife, to me wdl krawn and krawn to me ro b~
Me lndividwb d~scribed in ~nd who ~xx~ted tl+~ fweyar~ instrument, ~nd acknowted~~d before rn~ that they ~x~cuted the sarrw fw tF~ pwposes
~h...s~, .~.e.«d. ~„d rh. s,;d Menzenita M. Holden
w+/• a th. ..id Pau 1 C. Ho I de n upa, . sep~.a+. a,a priva
eareies~tion bp em t~k«+ separaN snd apan f.om Mr said Fwsbsnd, ~dcnowkdyed to aad befat rn~ MN sh~ txecvt~d said irotrumsnt fr~ely ~nd volw~-
~udy and wirha» aror eompvbioe?, eoosr.aint. ~PPre1»r~s~o9, ~~ear of or from ha ~aid lwiband
WITNESS my hand u~d officwl sNl d~is ~ b d,y ,t Apr i 1 p. ~v 68
~1?, Gcr y a~.~" ;
Notary Ovblk ~nd fw the S~~te of iMw~•aFiar~ VrQ , ~
My c«M,~,.~~, c o v.,. r y o FF',a.~rf,~r~ - ,
R~tvm To:
Fuu F.d...~ s.r~a a~ k.«w,w~, 1iY COw~'~7~.`>?Gii E~INLS
- o~ f~, PK«.. FitEO Ar~p xovE~s:.a Zz. 1969
PK.«. Fb.~~ ST. WCtE ~ECOROEp ;
- F~ ~na ~~UNTY, F~A. `
. 1/~fi;t'r-~ ;
~
This instrument prepared by +68 ~ 16633'?' .
Frst Federal Sav. b loan Ass~. ~ 9 AM IO : ~ s
oi fort Pieru ~ p~~~
sy J. D. Chastain i~U~~~ :,V~jN• 7
CLERK CIRCUIT COURT
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