HomeMy WebLinkAbout1795 ~ ' ! 2 i E ~til
3. To piaa and coMinuouily kNp on tM buildinps now or hK~sftN Wtv~b on ~aid land and on a11 equipre?~nf and p~nonaly oovK~d by thb mon¢
ap~, with al! prsmlvna thereon paid in full, fin insuranu in th~ uswl qandard policy form, in a wm approwd br iM MORTGAGEE, uid win~term
tntiw+aa in tM vswl sand~rd policy form, M• wr7f' spp+w~ed by ~M MORTGAGEE, In such comps~y a oompania a th~ MORTGAC.EE may
d4~dt +~+d ~If tir~ ~nd wtndsrorm inwranoe policie~ on any of faki buildinD~. any InMr~~t therein or p~rt IMreof, in tM apyreyste wm ~torKaid or
In ~xass fhe~eof, sMll cont~io th~ ~swl st~ndud morty+pN ciwt~ or such aha claw~ u tM Mafpa~ may ~p~ir~. ma?inp th~ bss undK said polF
ciu. ~sch ~nd ~wry. p+Yabl~ w said MORTGAGEE u in intKqt may app~a~, ~nd tach and ~vay such polky sMll b~ promptly ~u:yned u+d deliwred to
~ny Mid by said NIORTGAGEE ai f~rtF~er securiry to s~id matpsg~ d~bt, a~d, not I~ss tMn ten q0) days in sdvance of tM ~xpk+Ywn of each polky, ro dr
Iiwr ~o said MORTGAGEE s reoewal th~~eof, to~thM with ~ reuipt for ths pr~miwn of wch renew~li and then th~U bs no fue or wFnd~ram inwranc~
ptaoed on sny of sald buildinq~, eoY interat thaein w ps?t thsreof, unless in tM form and with 1hs lou piysbk ~s afwaaidj ~nd in tM ~v~et ~ny wm
of ewoey becoerNa pay+bl~ w+cla ~vch polky o~ policka s~id MORTGAGEE shall Mw tM opYwn to receive and appiy tM s+n?~ oe ~ccounl of ths indebted- „
eKSS Ntvr~d hereby pr fo pettnit said IY~pRTGAGORS ro e~eaaive and u~ it a any pa.t ~hereof fa orhe, purposes, wi~hour fh,.eby wai~ing or impair-
Inp any equit~r, lise o? ipht vnde? or by rirtw of thi~ mortpaqej ai+d in tM event said MORTGAGORS shaU fw sny reason f~il to keep the said premises so
inwnd, or fsil b deliva promptiy se~y of said policies of inwrant~ to ssid MORTGAGEE, or fail promptly to psy futty any premium therefor p i~ any
respect fa11 to pxformi, discM~ye, exewts, ~ffect, compkt~ comply with and abid~ by this covenant, or sny part hereof, asid IYIORTGAGEE m~y pl~oe ~nd
pay fa such inwru~ or ~ny part thenof without waiviop a aff~ctiop aey option, (ien, equity, or right under a by virtw of this Mwtype, ar~d tM
full amovet of each and every such payment sMtl be immediatety due and pyabls ~nd shall beu interest from ths date thereof until paid at tM ~ab ol
nin~ pa centum per annum and to~ether with such interest shall be secured by fM lian of this mat9age.
4. To parmit, cvmmH u suffer no w~s», impa'ument w deteiaratan of said propaty or sny p~?t thereof. '
5. To pay all and singvlu ths cosa, charyes and expenses, iocludirg a reasonable atto?eey't fes snd cosn of sbatracts of 6tk, incuned o~ p~id st
any time by said N{pRTGAGfE, because a In tM event of ths failwe o~ the psrt of th~ said MORTGAGOR to duty, promptly and fully parfam, d'uchsr9~
~zecuro, effen, complete, comply witb and ~btde by each and every tla itip~rlations, a~reen?en1s, tor?ditia», and oowna~ts of wid promissory note +nd ~hi~
morty~ps any or eirhe., and said costs, char~es ~nd expenses, e~ch and every, ihall be immediatety dw and piyabkj whether or not fhere b~ notice da
m~nd, anempf fo collect or wit pe~dirg; u~d the f~ll amoum of esch and every such payme~t shall beu interost from ths dat~ tMereof until p~id at the
?ate oi nine per ce~tvm per annum; a~d ~II said tosts, chuges and expenses inaured or paid, logether with wch ioteresf, shall be sacu~ed by tht tiee of tha
~?ro+9~ '
b. i}Nt (a) in the ev~enf of any bresch of thb Hbrtgs9s w default on the part of the MORTGAGOR, or (b) in the sve~t any of said sums of money
hereG~ refened to be not pranptly and fvlly p~id within thirty (30) days next afte~ the same severally become due and p~yable, wHiw~t d~m~nd a notice,
or W ie the event esth aed every the itipvlations, agreemenq, conditions ar~d covenanb of ss;d promissory note ~nd this mor~gaye any or eiths~ ars nol
~uh, promptly and fully performed, d~sd~a~ed. execvted, ~ffecred, compteted. complied with a~d abided by. tMn in either w qny such event tM said ag
yreyate wm mentaned in said promiuory oote then remainirg unpaid. wirh interesf aurued, and att moneys secvred hereby, shall bemme due ind psy-
~bM fonhwirh, or tharesfier, at the option of said 1YlORTGAGEE, u fully snd complelely as it alt of the said wms of moeey were wiginally sHpulated
to be paid on such day, anythii+g in said promiuory oote or i~ this Mortgsge to the contrary notwi~hstsnding: and therevpo~ a thereaNer at ihe option of
said MORTGAGEE, without notica or demand, wit at law a tn sqvity, there(ore or tAe?eaher bequn, may be prosecuted as if all moneys acvred hereby
had maturcd awr to i1s institWion.
That in the avent tMt at the beginning of or at any time pendiny ~ny wit upon this Mortgage, or to iweclo~e M, or to refoqn it, a fo enfwp
payment of any c(sims hcreu~cler, said MORTGAGEE shaH apply to the Covrt haviny ~wisdiction the~eot fw the appointment of a Receiver, such Court shall
forthwith ~ppoiM a receive~ of said mortgaged proQerty ~II and singula~, includu~g all and singulH the income, profitl, isiues snd ravenves from whateve?
w~rce dsrived, each and every of which, it bei~g expreuly unde~stood, is hereby mang+ged as if spec~iicalty set forth ar?d described the y?a~tirp and
haberxlum davses he~eof, and such Receiver shall hsve all the broad and effective funct~ora and powers in anywise entrusted by a Cou.t to a Rcceiver, and
such sppointment shall be made by such Court as an admitted equity and a motte~ of absolute right to said MORTGAGEE, and withoW reference to tFa
adequscy or inadequaty of the value of the propcrly mwtgaged or tp the sohrency or ;nso~ver+c~, of said MORiGAGOR a the defendann, snd that such
reon, profin, incane, iss~res snd revenues shsll be applied by such Receiver accordiny to the 1'~en w equity of aid MORTGAGEE and the pacl'~ce of wch
Coutt.
8. To duly, promptly snd ful(y pe?fwm, discha?ge, execute, effect, complete, oomply with and abid~ by each and ~wry ths stipulatior?~„ agreements,
conditioes and covenants in ssid promiuory oote and this mortgage set iorth.
9. 7Mt i~ the event the ow~enhip oi tM ieortgaged premi~es. or any psA the?eof.. beooines vested in a penon other th~n the MORTGAGOR, the
, MORTGAGEE, ib uxcessors a~d auiq~, msy. witfaut notiu to tix MORTGApR, deat with wch successor or uxcessw in interest with refe~erKe to this
mwtgaQs snd tMe debt heteby secured in the isme mamer ss with Mortgsgw without in any way vitiati~g or discharging tM Mortgsgors' liability hero-
under or upon the debt hereby secured. No ~sl~ of ths premises he,eby mortg~ged u+d ~o fwbear~nce on th~ pan of the MORTGAGEE or in successon
w assgns and no extension of 3hc tima for the paymem of the debi heieby secured piven by the MORTGAGEE or its s~rccesson or auigns, sMll operats
. w rclease. dischar9e, modify ,change or affect ths uiginal liability of the MORTGAGOR hereiry either in whole or in psrt.
10. It is specifically agreed that time is of the esserxe of thii contracY snd thaT ~o wsiver of any obligatwn herevnder p of ths oblipatio~ se-
cwed hereby shali at sny tane the?eaHar bs Mtd to be ~ waiver of the terms hereof a of the Instrumenf secwed herby.
~ 11. In addition to the forego:ng mortthly payments of princ'pal and interest required by the promiuory note secured hereby, mortgagor covenanq
and sgrees to pay to mortgagee with esch monthly psyment an additional sum estimated by mortgagee to be equal to 1/12 of t1?e annual cosf of the follow-
irg:
A-Ail real property taxes levied or azsessed against the above dewFbed rea! estafe.
8-Premiums on fi?e and wiAdsiorm ins~rance as h~rein required to be carried on fhe improvemenri sitvate on the above desuibed ptemises.
C-Premiums on such mortgage gva?anty inswance as mortgsgee shall from fime to time deem fit to carry on•the ban secured hereby.
Mwtgagee shall from time to time noti4y mortgagor in writing of the amoum due and payable hereu~der and such wm shalt thereupo~ be due arKl
payaWe on the due date of the next monthly payment and each successive month thereafter urtil mortgagee sha11 not;fy mortgagor of a chbrge in such
amount. Such sums shall be applied by mortgsgee toward the payment of rea! property tsxes, insurarxe prem~ums, and mortgage 9ua ^tY ~n~+~b~
prlmiwnt. •
IN W1TNE55 WHEREOF, the ~aid N10RTGAGOR hss hereunto set his hand and seal the day and fi efor .
? Sig 5ealed and delivered in the preser?ce of:
~l. ay ~ n
. ~
t~s$ ~ ? o lae F. ?ay or ~
D
STATE Of fIORtDA ! •
r ST. WCIB ~ ~
~ ~°u"r.'r..°F , . - .
; a,' ' yeppg+~ Lloyd Taylor
{ ~;+~....,r'_~lOLlja@ . Taylor his wife, to me well krawn sod known to me fo bs
~ ;`-~M~;
ind'nfdwMr~ ~ in and wfio exewtad the fo? instrvment,
arw! xtcnowtcdged before ms that fhey executed the same for the pvrpaes
_ ~b„~.,y~~ ;Syr tb, ,~;d ~lotilde R. T~?ylor
_`;?vv~'ifs ~ thy s~i~- I•lOy/d TiyIZOX y rate and
~rpon + seP+ prW~t~
; -=-e~am~YarP Y-p~s t~loep ~eparate and apaA from her taid h~sband. ~clcrawledged ro and beforo me that she executed said instnrment fresly and vol~o-
j ~ ply a~d ',~t ~t eompvlsion, constraint, apprchension. o? ar of or from i?er sa' husba
~ = .T.~ 1~oven''~er
~~ITNESS~~ n y.hsnd aod offitial seat this ~ L day of A. D. 1 9 68
~ e1 ~
/t!•yn~, ~ . , ~ ~ Nota'
Pub~,in ~ fw rhe Sts!
X~' My Commission eap;res: e of Fb?ids a! Lupe
Retum Ta. ~F1L€~ AND RECOROEd ~,Cjap~ PUBLIC. iTATE Of ELORIOA AT LARBE
~~.f s~~~: a~, au«w~,«? sT.~.L"UCiE COUNTY. FLa, MY COMMISSIpN p(~iRES DEC. ~~r
Of Fo.t Pierte. '?^.C~RR V~F~J~~~Q ~7KDEC ~~KVUpti ~~ED ty. o1~1TSL~IQR~}
Fort Pierce, florida ~FyL)A
~ / ~r'3 J . , `
` 'G8 ~~QV 2 7 A~I~: 5 g
~
~ This Instrument P~epared By
~ First Federa) Savings ~ loan Association
of rt Pierce '~~~C~' ~'OITR:,S
R C ERK CIRCUIT COURT
Checked B~c• • ,
. a0 K ~ 74 P~CE~ ~ . _
- - ~ ~ n,
I~