HomeMy WebLinkAbout1137 t. ~ +t i .1 M
S. To pl~a and oontMwaisly kNp on tM buildfnas naw a Mreaftw ~itwb on s~id land ~nd on all pviprmet ~nd p~twndh? oowndb~? ~hl~ ^w~p'
p~, wlth d) p~~mivmf thuwn paid in fu11. fire insuru~a in tM vw~l sfaodard polky for~, in • wm ~pprowd bl? tM M4RTGAGEE. ~nd windttonn
Irautana in tM uswl sqnda?d polity (wm. in ~ sum approvsd bY tM MORTW?GEE. in wth oom~^Y or oanP+nia ~t t!w MORTGA(iEE inar
dinctj and ail fin and wind~torm Gaunna polici~s an any of s+W 6uildinp~, any i~bnsl tMnin w put tMrwf, in tM +pprpa~~ swn afaaaid a
M~aa the~wf, ~hali oontain tM uswl stuidard mor~q+~ ctsu~ a such aha claw~ a tM Morro~ m+Y rMuin. m+k~"o tFK los~ u"d~' a+id Pol}
ci~s. ~ath and ~vuy. WY+bb b aid AAORTGAGEE as iq intatat nwy app~a?. uid tatb Md evsry wth po~icl? s1?+11 b~ ptomptly ass:9rad a~d d~liwt~d to
~ny Mld by aid MORTGAGEE a furtha sscvriry to s~id mortpsp~ dsbt, and. nw I~ss tbN? ~!n (10) days in sdv~na of th~ ucpiraYan of ~ach Po~+cY. to d~
IivK w ~aid MORTGAGEE • nn~wal th~?wf. tope~ha with a roaipt fa ths p.aniwn of wch ~a+~vralt and tM.~ ahall b~ ~o fin w wi~twm inswanc~
pt~ad on aey of s~id butld'ag~. ~ay ioter~st thK~io o? pu~ the.eoi, vnless to tM form and wi~h ~M toss p+Y~bl~ u ~fa~said~ and in th~ ~v~nt any wtin
~f ~y ~p~p p~YaW~ wch policy or pel;cia said MORTGAGEE sh~ll Mw ~M optan to ?eceiw and apply tM s~ on +aow~t of tM ind~bt~
n~a ~cw~d hir~by o~ to pKmit ~id MORTGI?GORS b reaiw and vt~ it ot any put theraof la othe~ p~?rposes, wi~hout thxeb~ waivin~ w imp+ir
k+p anY puity, li«? a tipht wds~ a by virtw of this mortpa~~~ and in tl» ~wnt aid MORTGAGORS shall fa any rtaion f~il ro kkp th~ s~id pr~mis~s so
r~+•vr.d, w fsn a d.liw. aomWh? +nr of said policies of insw+na M s+id AAORTGAGEE, or fail promptly ro pay fully ~ny pr~mivn+ tMrofa w in any
rs~p~ct f~il b pKfonn. discba?~. ~x~cW~. ~ffM, tamPltb. comP~Y with ~d ~bid~ by th~s cowr++nt, o? any p~rt Fwrwf, ssid MORTGA(3EE may pl~a ~nd
wr a~"y P~?~ ih.rwf without wahrinp or ~ff~ctkg ~ny option, Ikn, eqviry. or ripAt vnda or by vtrtw of this Matp+p~. ~nd tM
full amow~f of ~ad~ a~d ~wry wd+ paymeM sh~ll M imm~diately dw and p~yabl~ ae?d shall beu inrores~ from tM dab ther~of w?til paid th~ r~N o1
nine pK qnhpn p~r uuwm u+d toytther with wth i~terest shall bt setur~d by fh~ IiM of thit morl~aya
4. To pwmit, oomrdt w wffa no wute, knp~Irm~et or deterioratio~ of wid prop~rty ar anY p+rt tF+~nof.
S. To p~r all ~nd ~inpular tM oosts, cAwpN +nd expw?se~, ind~+d&g a rNSOnabb +ttornw's fes and aosts of ~bsn~ds of titl~. Mrcvrced o~ paid al
any tim~ by said MORTGAGEE, bKauss w in tM tv~nt of th~ failwt on th~ put of tM said MORTGAGOR to dvh, ao~r,ry +~d fi+tti ~o~ d~ach.~~
exew~~ ~ff~ct. oompkM, aomply w~th ~nd +bids bY ~ad~ ~nd everY the stipul~tioas, ~preements, condition~. and oown+ots of said promis~ory no» and thi~
ty ~ny ar ~itMr, ud aid oosb. d~up~s ~nd sxpenses, each and ~wry. shail be imrnadiately dw and pay~ble: whether a not thsr~ ~otice dr
mar~ci,+i»~mW to cdi~ct ot wN pMd~npt and the full ~nw~+nt of each erd swry wch paymem aMll bear interest from tM dat~ flwreof ~ntil paid ~t tht
rste of nim p~ centum pK anwms eod. dl said eosts, d+ar~s and ~xpenses &~a?rrsd or piid, 1op~t1~ with s~ch Intuest. sl~ll b~ ~etwed by Hr lia~ of thb
~p~
6. ~t in ths ~vrnt of any brssch of this Morp+y~ or defauU on the put of the MORTGAGOR, w(b) in tM evsnl a?y of s~id svms of ewney
F+erein nferred to bs ~ot promptly and fully paid within thirty Cd0) days next after tht s~ene severslly beeoa+e due ~nd paysWa withovt J~m+od w notio~,
or (c,) tn tM twm each and ~very ths atipulaYio% +Or~ema~ts. oonditiau ud covan~nn of said promissorY noh u?d thu matp+pe +^Y w eithu an no1
~uly, promptly and folh pe~form~d, disclNrQed, executed, tffacted, cornplet~d, compfied with and ~bided by, then in eithq a any such ~wM th~ uid ap~
pray~t~ wm mentia?~d in wid promisswy note then remaininp vepsid. with interest acuued, and all moneri ~cw~d Ix~eby. sh~ll bemm~ dw and p~y-
abl~ forthwith, w thKSaher, at the option of said 1NORTGAGEE, ~s fully ud compbtely u il all of tF+s said swe?s of mawy Mfl~f O~~QIMIIY stipulated
ro b~ p~id on wd+ d+y. anYMlrg in s+id Pron?~ssorY ^o» or 1^ this Mortga~e to tM contrary notwithsbndinp: and thxeupon a thcre~ha at tM option of
•sid MORTGAGEE, witFaut notice a d~ma~d, wit at Isw or in puiry, thereforo or fhereaher bepvn, maY be prosecvted as if all ewrKy~ sew~d Mr~by
Md matwsd prior ro in iroritution.
7. Thit in th~ rnnt that ~t ths begtnninp of w ~t any fime pendirg any wit upon this Mwtpape. a. to foroclow N. w to roform ir, a to snfora
payrt~ent of a~y diuns hereunder, a+id MORTGAGEE sh~ll apply ro the Caurt h~vlnp jwisd7ction thereof fw the ~ppointnient of ~ Retelver. wch Co~A shall
forthwiti~ ~ppoint ~ raoeivK of said mort~aped property atl u~d sinpula., ir+cludinp sll and sinpulu fhe incom~. profits. iuws ~nd nwrwes fran wh+twN
wvra daived, each and every of which, it beinp expreuly ~nderstood, a hereby mortgaged a~ if specifically set forth ai+d dewibed in tM 9?u~tinp and
habudwn daosts 1~?eof. and such Receiver shall have aU the brosd u+d effective fue~ctans ~nd powen u~ anYwise entrvsted bp a Caxt to a Receivtr, and
wch ~ppointrnent shsll be mad~' by s~xl+ Cowt as ae sdmined equity and s m+ner of absolute riyin ro said MORTGACaEE, and withovl reference to th~
sdequ~cy or i~adeq~~cy of the value of the proper~lr matg~ged or to the soheecy or ~nsah!enc~r .of ~a~jd MORTGAGOR or the d~fendann, ~nd that wd+
ren», profits, ineans, issues ~nd revenues shall be spplied by wch Receiver according ro the l~en or eqv'~tx of said MORTGAGEE and ths practio~ of wch
CourR
8. To dvly, w«~~Iy a~d fi~iy Pe~to.m, d-uct~~e, execute. effect. oomPkte, oomplY with and s~id~ by each snd ewry ths stipulaYw~u„ +yroemsnts.
corxGtiom snd covensnn in said promissory note and this mortgage set forth.
9. ?h~t in the event ~the ownership oi the m&t9sped premiies, or ury ` part ther~of, beaanas vssted in ~ peno~ othe? th~n th~ MORTCsAGOR, th~
MOftTGAGEE, its succes~on ~nd assipnt, m+Y. without rwt?oe to !he MORTGAOR, ~aal wlth such waeasor or wa~ssor in inTtresf with refer~nce to this
mortp~ye ~nd the debt t~rtby s~c~red in the sarne man~er as with Mwtga~or witl~o~ri in any way vitistiny or diuhuging the Monyapors' li~biliry irrr
ur~a or upon the debf hereby secwed. ~ No ~sle of the premises I~erebY ~9+9~ u~d no fwbea~ance on fhe put of ths AAORTGAGEE w~in sucoessors
or usig~s and ra extension of the tLne for the p+ymenf of the debt Aerebr. secwed Qive~ by the N10RTGAGEf or its wccesson a wipna, shall op~rsts
to ntease, discl»r~e• modify cFwrge or affect the originsl li~bitity of the MORTCaAGOR har4in, tither in whole w in p+rt.
10. It b specificatly apreed that tune is of the esunce of this c«?tract and that no w~iver of any obl'gatan hereu~der or of th~ obliyation sr
curod h~r~by shall at any tbne thers~fie~ be Mld ro be s waiver of tF~e terms Mreof a of ths instr~rnent s~cwod harby.
11. In add~tan to the forego:~g mo~+thly payments of princ:psl and intaest rcquired by th! pr«n'~ssory note secured hereby, mortgs~or covenanb
` and sgrees to pay ro mortgagee with each moMhty payment an add~~ionsl sum estimated by mortgagee to be eq~sl to 1/12 of ths annwl cost of the folbw-
. .
A-AU resl property taxes levied or assessed againtt the above desuibed real estate.
B-P~emiums on fire and windstorm insvran~e as herein requ~red to bt carried on the improvemenb situate on the above destribed premises.
C-Premiwns on wd~ mort9age 9wranfy insurance as mortgsgee shall from time to time deem fit to carry on the Iw~? secured hereby.
Morfgagee shsll from time to time notify mortgagor in writing of the amount due and pay+ble hereunder and such wm shall fhereupon be due and
paysble on the due date of the next monthly paymeM and each successive month thereafte? until mortgsgee shsll notify mortgago? of a chanpe in wd~ ~
amount. Such sums shall be applied by mortgagee towsrd the payment of real property faxes, inwrante prem:~ms, and mort9a~te 9uarsnfy inwrance
, prer^iums. ~
IN WITNESS WHEREOF, the said MORTGAGOR has hereumo set his hand and seal the day and year first aforesaid.
pned. Seskd at+d del' r in th~ ptesence of: ? D~'G W/ ~ f'~
? o (Sa4
i P'rank W. Ra~ Sr . ~
i ,i !cL ~ - (t-•D
~ Wittless Dernttiea S~ Rsce ~Sssq
STATE OF F~ ~~WA~ 1
r ss.
courm of ~f~ c s~ x ~
~e ~ ~ Rsa~nk W. Rac~ , Sz . _ ,,,d
Dorot~iea B. Race w~{~. ~ m. ~eu ,n~ k,,,w„ m m, b b.
ths Irw!"nidwb described in and who executed ths fu inst?wn~m, and admowiedged before me that thsy executed the ssms fo? the pwpw~s
~e~ ~ ~ ~ ~sothea 8. Rac~ -
,
wNs of th~ wid RI~I11C W. ~iCe ~ upa~ ~ spa~m ~nd p'n~N
examinaYwn by ms tsken sepsnte ~nd apart from ha said huiband, ~du~wNledped to end befwe me that shs executed wid irutnwrwnt fteely ad volur~
uriyr snd w0hout +nY comPulsidn, oorntraint, ~pprehNUion, fear-of or from her ssid Fwsband. .
~ n
Mssch 69
wITNESS m,? band .na offki.~ thn ~e ~'l(c~ d,,, of ~,.b., ~9
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' ~~~i~~~~~~ s Pvblic in and for th~: ' , • ~ :
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CovN~~~O M,, c~,~~,~ i~'~ ~
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~n wd..,i s.~, a ~ ~~'~CO
p ~E~ ~'a'''M^ ~ b ! ~ ~ a` : : _
ot Fo., P~~.«. ~ ~6~~. ` 31 ~ a,.~. ~ .
~ • l~l, . %r~ .Q,~ ,qj'-~. ? .
iort Pierce. FI«ida • ' ~ • •i
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2~ . ~r~f ~ ~ Y .
~t1~Q ///el ilullf~~~~~~--
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This Instrument PreparLd By p0 ~,0
First Federal Savings b loan Associa E~ CV~~ ~ ~
of Fort Pieroe ~ G\~ .
By Robezt L. MarYKall, Jr. ~ .
$G~X ~ ! V ~Jt~~~~~ .
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