HomeMy WebLinkAbout0211 3. To p~ace and continuously kcep on the bui!dings now or herea(ter ~ituate on said :and nr:~ ar, all equipme~~ and personally covered by lhis mong~
sga, with all premiums thereon pa~d i~ full, fire insurance in the usual standard polity lorm, in a svm aFproved by the MOR~GAGEE, and winds~o?m
iniurante in tho usual i~andard pol~cy form, in s sum approved by the MORTGAGEE, i~ such company or compan~es as the 1~10RTGAGEE may
d+rect; and all fire and w~ndstorm insurance pol~ues o~ any of sa~d build~ngs, any inte~est therein or part thereof, in rix aggregare sum aforesa7d o~
tn excess thereof, shall contain the usva! s~anda~d mortgagee clause a such other clause ai the Mortgagee may requ~re, ma?ing tha loss unde~ ~a~d poli-
cies, each and every, payable ~o said A10RTGAGEE as its interea~ may appear, and each and every such pol~cy shall be promptly ass gned aid'~ti.ered ~o
sny held by said MORTGAGEE as furthe~ sec~rity to said mortgage debt, and, no~ less fhan ten (10) days in advance of ~he expirai~on oLeach policy, to
I~ver to said MORiGAGEF a renewat the~of, toge~her with a receipt for the p~emium of such renewal; a~d ~here shall be no f~re o~ wi~~dsto~~n in~urance
placed on any of said bu~ld~ngs, any ir.yrest there~n or part thereof, untess ~n the form and w~~h the loss payabfe as aFo~esaici; ancf in the event any sum r
of money becomes payable unde? such pol;q a poGcies said MORTGAGEE shall have ~he opt~o~ to rece~ve and apply the sanie on account of the i~xlebted-
oeu secured ht~eby w to permit said MORTGAGORS ro receive anb uu it a any part thtreof tor otnc~ pw~ oics. v.~~hout ~her~ o~ ~vai~ia3 v^r unpa~r-
ing any equity, lien a r~ght unde~ or by virtue of this mo:rgage; and in the event sa~d MORTGAGORS shall fw any reason fa~l to keep the said prem~srs so
insured, or fail to detiver:promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fuily any pre~ni~in therefor or in a~y
respect fail ro Ferform, d~scharge, execute, ef(ett, complete, comply with and abide by this covenanr, or any par? hereof, sa;d MORTGAGEE may place and
pay fo~ such insurante or any part ~hereof without waiving or affecting any option, lien, equity, or righf under a by virtue of this Mortgage, and the
full a~nount of each and every such paymenl shall be immediately due and payable and shall bear interesl from the date thereof until paid at the ~ate ot
nine per centum per annum and to~ether ~virh ~~~~h interest shal! be setured by IF?e lien of this mortgage_
1. To permit, commit or suffer no waste, impairment w dete~ioration of said propcrty w any part thereof.
5. To pay all and singular the costs, tharges and expenses, including a reasonable attw~ey's fee and costs of abstracts of title, incurred or paid at
any lime by aaid MORTGAG:E, because o~ i~ the eve~t of the failure on the part of the said MORTGAGOR to duty, pron,pfly and f~ily p~rforrn, d~scharqe,
~xecute, effect, complete, comply w~th and ab~de by each and eve?y the st+pular~ons, agreements, cond~t~o~s, and covenants of said p~om~ssory note and th~s
mortgage any or e~ther, and said costs, charges and expenses, each and every, shaU be immediately due and payable; whether or no~ there be no~ice d> t
mand, altempt to collect or wit pend~ng; and the futl amoont ef each end every such payment shall bear interest from the date thereof umil paid at the ~
rate of nine per centum per an~iuen; and alt said costs, charges and expenses incurred or paid, together w~th suth interest, shall be secured by the lien of thi~
mwtgage. a
6. That (a) in the event of any breach of ihis Mortgage or defaut~ on the part of the MORTGAGOR, or (b) in tbe event any oF sa;d sums of money ~
herein referred to be not prompfly and fully paid within thi~ty (30) days next after the same severa!!y beconm d~e and payable, without demand or notice. ~
or (c) in the erent each and every the stipulations, agreements, conditions and tovenants of sa,d promissory note a~~d th~s mortgage any ar eitAer are not ;
iuty, promptly and fulty perFarmed, d:scharged, executed, eifeded, completed, tomplied with and abided Sy, lhen in e~ther or any such event the sa~d ag- +
greya:e sum ment~oned in sa~d promissory note then remainiry unpa~d, with interest accrued, and all moneys secured hereby, shall become due and pay
able fwthwith, w thereafter, at the option o sa~ e nr ' ' ulated
fo be pa;d on such day, anything in sa:d promisswy oote or in this Mortgage to the contrary notwilhztan3ing; a:,,°, :hcreuHon or thereafter a~ the op~ion of
said MORTGAGEE, without notice or demand, suit at law or in equity, theretwe or thereaSter begun, may be prosecuted as if all moneys secured he~eby
nad marured pnor to ~ts institution.
_ 7. Tha1 in the event that at the beginning of or at any time pending any svit upon this Mwtgage, a to forec!ose it, or to reform it, or to enforce
payment of any claims he•eunder, said MORTGAGEE shall apply to the Court having jurisd~ct~on thereof for the appointment of a Receiver, such Court shail
Forthwith appoint a receiver of said mortgaged property aH and singula~, incivd~ng all and sirgular the income, prolits, issves and revenues irom whatever
source derived, each and every of wh~ch, it being expressly unders~ood, is hereby mortgaged as if specifically set forth and described in ~he granting and
habendum clauses hereoi, and such Receiver shall have atl the broad and effecrive (uncnons and powers in anyw~se ent,usred by a Gour? to a Receiver, and
such appoiNment sha11 be made by such Court as an admitted equity and a rt+atter of absolute right to said MORTGAGEE, and without reference to the
edequacy or inadequacy of tiw value of the property mo~tgaged or to the so:vency or insolvency of said MORfGAGOR p the defendants, and tha/ such
renfs, profits, income, iuues and revenues shall be applied by such Receiver accordir.g to the lien or equity oi said MORTGAGEE and the practice of such
CouA.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, compty with and abide by each and eveiy the stiputations, agreeme~ts,
cw~ditions and covenants in u~d promisswy note and this mortgage ser fonh.
9. That in rhe event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the
MORTGAGEE, its successors and assigns, may, withaut notice to the MORTGAOR, deal with such successw a successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vir;ating o? d~scharging the Mongagors' Iiability hore-
under or upw~ ~he debt hereby sec~red. No sale of tht premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors
or assigns and no exrension of the time fw the payment of the debt hereby secured given by the MORTGAGE~ or its successors or assigns, ahall operate
to release, discharge, modify change w affect the original liability of the NI~RTGAGOR he?ein, either i~ whoie or in part_
10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any oblfgation hereunder or of the oblgaYwn sr
cured hereby shali at any time thereafter bo hetd to be a waiver of the terms Fereof or of the instrument secured herby.
11, fn add tlon to the forego ng monthly paymems of princ'pal and interest required by the p%om~ssory nore secured hereby, mortgagor covenants
and agrees to pay ro mortgagee with each momhly pay~ient a~ add~aional sum est~mated by mortgagee to be equal to 1;' 12 of the annual cost of the iollow-
ing:
A-AII real property taxes levied or assessed against Ihe above described real estate_
B-Pr~~r ~u~ns on fire and winds?orm insurar.ce as herein requ~red to be wr~7ed o~ the improveme~ts sitvate on the above dascribed premises.
C-Pre:n;ums on such morlgage guaranfy ir.surar~ce as mortgagee shall from time to time deem fif to tarry on !he loan secured hereby.
Mortgagee sha?! from time to time notify mortgagor in w~it~ng of the amount d~e and payable hereundrr and sucii su~n shall thereupon be due and
payabte on the d~e datP af th~ next month:y payment and eacF suctessive month thereaftcr urti! mortgagee shall notify mortgagot of a change in sucb
amount. Suth su~ns sF.a;l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, -a~x! mwtgage guaranty insurance
p~emiums. i
IN Y11TP~E~S Y~ OF, the s MORT GOR has hereunto set his hand a~d seal the day and year ferst aforesaid.
, Seal d v t f• ^ ~ R
~CG~ ~
. . ~ ~xan
, (Sea~
~ n
4
• s
^.`L'..~ f.i
S1ATE OF FLORIDA ~ • ~
r `
ST . WCIE ~ ^ ~ .
couNnr oF - ~ . ' ~ -
Ben L. Br an _ • ~
8efore me personafty a ared y f'jI • s(~d
I~ary Ann BYyan - ' ~ ~ ~
his wite, to me well knovw~`b}~iA.l~ibwn to~i~ fo •be
the individuals dexribed in and who execu±ed the fwegang instrument, and acknowledged before me that they executed tt~e sart?e for jl1~; purpbset
therein expressed. And the said Mary Ann Bryan . ~
Ben L. Bryan, Jr . . ' ~ ~ .
wife of ~he sa~d upon a'sqpante' aod piivsre
examinat;on by me taken separate and epart from her said husband, stknowlcdged to and before me that she executed said ir.strument~tfee{y•aAd`volum
tarily and witfiout a~y compulsion, constraint, apprehens~err~-fear of w from her said husband.
WITNESS my hand and offic~al seal this ~ da an A D. 19~Q
l~Lt~- ~
_ N ary Public in and fw tlx 5tate of flaida af Large
My Commission expires:
Retvrn To:
. f
First Federal Savings 3 Loan Association
Of fort P~erce. .1 s....~.. ~a',,.~ ::c i:.u:..,~ ifi Liiiv=
Fort Pierce, Florida ;riY~C~i~Stri15510N EXPIt2ES NOY. 29~ ly/7
i0lrDED +•a!'~+'GN D 11. n~FGTELHORY~
FIIED ~N~~ REEpR~ED ~
Si. IU~IF i;OUPJfiY.~FL;t-
-
This Instrument Prepared By J~ Chastain ~ `l~~~t1~~~•-~~
First Federal Savings 8~ Loan Association J
of Fort Pierce ~ F lor ida 6 ~ ' S 3 ~
~ t_ ~
Checked By ~ • °
U R . : t-~: ~;.,g:; -
` ~~O
BOOK ~ PACE ^ ri~~~{~;J•.~L!! C+~URT
~
- _ ~ YnN t
_
_ _ _