Loading...
HomeMy WebLinkAbout2091 ; 3. To pl+c~ and contin~sly ke~p on th~ buildinss ecow w hereaft~r sit~at~ on wid land and on dl equipmeat and personally cowred by lhis mat~ •g~, with al) premiumi thereon paid in f~ll, (irt intvrsnte i~ tM uiwl ~randard polity torm, in ~ sum app~oved by 1hs MORiGAGEE, and wind~tpm iniur~nc~ In tFr uiwl ~ur?d~rd policy fam. in ~ sum ~poroved by tFK MORTGAGEE, i~~ such company o~ companies a t1» MORTGAGEE m+y dinctp and ~II tir~ snd wi~dsrorm inwnnu policies oe any of t~id buiWin~s. ~ny int~r~st 1Mrei~ w parl thereof, i~ th~ a~re~a~~ wm ~tor~said a In ~xceu ~hereof, sMll contain ths vsval sur+dard mortgayN clause w such otha clwss as tl~e Mort~ag~e may r~qu;r~. makinp the loss undrr uid po1F cies, each and every. psYable w said MJRTGACsEE a in interest may appear, and each snd avay such potiq sh~ll be promptiy au.y~ed and delivaed ro any Mld by said MORiGAGEE as fur~lwt security to s+id ma~9+9~ deb~, +^d, not less Ihan ten l10) days In advanc~ af tM expir~Uo~ of each policy, ro d~ live~ to iaid MORTGAGEE • nnawal thereof, tops~iwr with a rec~ipl for the premium of s~ch renewal; and there shall bs no f~n ur windi~am ie?su~anu ; pl~pd on s~y of said buildings, ~ny i~terat ther~~n or p+rt 1M~eof, unteu in ths fo~m and with 1M lou payable as afaes~idt +~d M the av~nt ~ny twn ~ of money becomes p+yable such polity w polk~is-s+id.~MORTGAGEE shall h~w the optan to ~eceive and spply the sam~ on +ccoun! of th~ ind~btsd~ ness secund herepy or fo permit said MORTGAGORS to reaiiw and u~ it w any pa~t rhereof fw o!hcr purposes. wiihout thweb/ waivi~ig w impair• in~ any puity, lien w righl w~der or by virrw of this mortpa~e: a~d in tha ~vent s~~d MORTGAGORS sAall fa any reason fsil to keep the said p~emises w insvred, or f~il b deliver promptly any of said polities sf ie?suranc~ ro said MORTGAGfE, or fail promptly 1o pay fully any p?amium therefw a i~ any respect fail to pK(wrty d~scharge, execute, eifect, complete. comply with and abide by this covene~t, or ~nY part hereof, said MORTGAGEE m~y plap +nd psY for such Inwra~c~ or ~ny put tl+~reof wi~hout w~Ninp a affectlnp aoy optic+n. lien, eqv'sry. or r~gM v~der o. by virtw of this Mort~ye. and tM full amounl of esch and every wch payment be immediatdy dw and paysbls and shall bear interest from the d~t~ thcreof until paid at tM rst~ ol n~ns per untum per anrwm aod toyether with tuch intaest shall be secured by th~ lien of this mortgage. 4. To parmit, commit or wffer no wut~, imp~irment w deteraratio~ of said property or a~y p+r1 the?eof. S. To pay ~II ~nd sir+pular ths cosN, charp~s and ~xpanses. indudi^9 + re+se^+bk anorney i fe~ ~nd cosn of abstracts of title, innrned o~ p+id +t sny time by iaid MORTGAGEE, betavse w in the event of th~ failure on the pa~t of tM ssid MORiGAGOR to duly, promptly snd fully perform, d:fchsr9~ executs, eifecf, oompkq, comply with and abid~ by esch and every the itipvlatio~s, agreements, conditions, and covenann of said promissory ~ote and thw mortgaqe any a ei~F~, and said costs, charyes and exper?ses. each and every, sMtl be immediately dus and payable: whether a not thert b~ ewtice ds mand, ~ttempt to colkct w wit pe~dingt ~nd tM full arewunt of each and every wch payn,em shall bea. interest from tha da~e thsreof w+til p~id at the rate of ~ine per oeotum per amwm; and s0 Wid costs, ch~rpes and expenses inturred ot paid, togethe~ with such inte~est, shill b~ setured by tM lan of thit mort~ape. ' b. Th~t (a) in the ~vent of any breach of this Mwt9ape or defavl~ on 1M part of the MORTGAGOR, or (b) in ths event ~~y of ~aid sums of nwnsy hcrei~ referred to be not prompdy and f~lly pa~d within thirty (30) days eext afte~ the ssme uverally become due and paysble, witlw~t demand or ~o:ite, or i~ ths event each ~nd every the slipulations, ~gr~en?tnn, conditions ~nd coveMnn of sa~d promiuory nots and th~s mortpaye any w either are ~of iviy, promptly u~d fully perfo~med, dlxharged, execvted, effected, completed, complied with ~nd abided by, then in e~ther Of ~~1y it/CI1 ~vMt tlff Mid gregate sum mentiw~ed in s~id promissory rote theu ~~mainiry unpaid. with interesl acuued, end all moneys secured hereby, shall betoa~s dw ~nd p~y~ able forthwith, o~ thcreafta, at ~he optan ef ssid 1NORiGAGEE, as fully and completely as ii atl of the wid wms of money were aiginally stipulated to be paid on sixh dsy, anything in ssld promissory note w ie this Mort~age to the contrsry notwithstanding; and the~a?pon w fhcreahe~ ~t Ihe option of ssid MORTGAGEE, withovt notice or demand, suit at law or in equity, therefwe or thereaiter begun, may be prosecuted ~s if all moneys secured hs~eby had mawred prior ro ~n insrirurioe. 7. That in tia event that st the beginnirg of or at ~ny time pe~ding any wit upon thi~ Mortgage, w to fweclwe it, or to refwm it, er to enfaw payment of any claims herevodcr, said MWRTGAGEE sh~Il apply to the Court having Iwisdidion thereof fw the appointment of ~ Receiver, such Ca?rt shall forthwith ~ppoint a rece7ver of said mort9sged prope+tY all ~nd sin~ular, includ~ng all and singular the income, profib, issves u+d ~evenues from whafever wurce deriwd, each and every of which, it be+ep expressly und~rs~ood, is hereby mw~gaged as if specifically set fath and desnibed in the 9r~ntiny and habendum dauses hereof, and wch Receiva shsll have aIl the broad and effective (unctions aqd powers in anywise emrusted by a Court fo ~ Receiver, and such appoinrment shall be made by wch Court u an admitted eqvity and a matter of absolute righf to said MORTGAGEE, u+d without reference ro tF~ adequacy w inadequacy of 1M wlue of the property mortgaged or to the wwency w inwlvency of said MORiGAGOR a the defenda~ri, and that s~ch renrs, profin, income, iu~es and revenues ihall be applied by such Receiver accwding to the lien or equiq of said MORTGAGEE and 1he practice of such Court. 8. To duly, promptty and fully perform, discharge, execute, effect, complete, comply with and ~bide by each and avery the stipvfations, ~greements, conditions and covenanu in said promiuory note and this mortgage set fwth. 9. That in the event the ownership of the mortgsyed premises, or sny part thereof, becomes vested in a person othe~ than tM N10RTGAGOR, tlw j MORTGAGEE, in succeuws and suigrn, may. without ratice to tF?e MORTGAOR, deal wi~h such successor or successor in interest with reference to this i mortgage and the debt hertby setured in the ssme manner as with Mortgago~ without in any way vit:ating a discharging the Mwtgagors' liability hen- ~ under a upon the debt hereby secured. No tale of the premises hereby mortgaged and ra fwbearance on the part of 1he MORTGAGEE or its sucoesson or auigns and no exrens'wn of the time for the paymn+t of the debt hereby secured given by tfx MORTGAGE~ or its successors w assigru, shall opsrate ~ ro release, dixharge, mndify thange or aHect the origin~l I+abiliry of the MORTGAGOR herein, either in whok or in part. ~ 10. h is spec~fically agreed that time is of the essence of this contrxt and thst no waiver of any obligation hereunder or of tF?e obltyation sr . cured hereby sh+ll st any time thereafter be held ro be a waiva of the terms heraof or of the irotrument secw~d herby. 11. In add~tton ro the forego:~~g monthly payments of princ'pal and interest requ;red by the prom~uory note setured hereby, mortgagw cove+~snts and agrees to pay to mortga9ee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual coat of the fdlovw ~~9. A-All real property taxes levied w assessed against the above described real estate. B-Premiums on fire and windstorm insura~ce as lxrei~ reqv~red to be carried on the improvemenh siWate on the above described premises. j C-Premiums on suth martgags! guaranty insurance as mortgagee shsll from time to time deem fit to carry on the loan secured hereby. Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall therevpon be due and ~ payable on 1he due date oi ihe next monthly payment a~ esch successive month thereafter urtil mortgagee shall notify mortgagor of a change in wch amo~nt. Such wms shall be applied by mwtgsgee ~oward the psyment of real property taxes, insurance prem:ums, a~d morigage guaranfY inwr~nce ~ premiwns. ' ~ IN WITNESS . REOF, the id MORTGAGOR has hereuMO set his hand and seal the day snd yesr f'usf aforesaid. n ~ ' ned, Se~ nd in the of: ~i / f~Q~N1~~ n . . ~ -n i ~ ; . ~ - ~.,,,..,~.~:,,~t; ~ ' 7 ~y~f`~~,I yY'~~`.- ~ - N, _ ;v. Y~~•. ~ ~ ~ ti • , f i_'+~: . STATE OF fIORIDA ~ ~ ~ COUNTY OF S~ -~-I -~'..~'r'~Q _ ~ , _ ~ ' % . ' ~ ` defae me personally sppeared Q1sOZe COD61arid _ _ ' - _ Annie Ruth Copeland ' his wite, to n,e wen knowrF.nd tno~ td m~~;-b1 the irwJiv'iduab described in and who exewted ths foreyoinp irotrument, and acicnowkriyed before me that they execvted thb .f~ tF~; therein expresxd Md rhe sa~d Annie R uth Gnne7 And ' ` wife of tM wid S1aoZe G~*~land upon'i=flpantE fel~ prwate exam~nation by nvs tsken separate and ap~N from her ssid husband, sdcnowledged ro+nd befors mt that sl+e execvted s~id iiatrument 4fiely. ~Md~ volue- rarily snd w~tF~out any compubion, constraint, ~ppreherqion, or~eai of or from her taid husband. ~ WITNE55 my h+nd sod ofP~cial seal thK Z f~"' day OC~4~ A. D. 19_~ ~ ' Nots ublic in and for tM Sut~ of Hwida at Luy~ - My Commisiion ~xpires: ~~a2 Retum Ta. " ' fint Federal Savings a~.OMI AffOCla~lOfl = ji~li! ~~~r..~~ ritiiL {1i ~L'J,..u~ 11~ ~R~:. Of Fort Pierce. tJ1Y C0~`~IfrifSjiO ~ ly~! Fort P~erce. Flwids .:or.c~LEfl~~k?~~~~E1~:.:...,~~ `~i. LUCIL ~~Uf`TY, ~L;,. ;i <<~ :E, ~ 184883 This Instrument Prepared By J. D. Chastain First Federal Savings dR Loan Association ~~T 27 S 3• 3 • of Fort Pierce ~ RloZida " Checked By ' fJ t? ? ~0 : ~ R:. S 8~~~ ^l.~i'tK C~r~ ;Uf i ~COURT ~ ~ ~ cf ,w . , ~ ~ _ , - ~ . .