HomeMy WebLinkAbout0588 3. To place and continuously keep on the bu+!d+ngs ~ow or hereafter ~i~ua?e on said ~and and on ali eq~ipmenl and peisonatly covered by this mortg•
ege, with al1 premi~ms ~hereon pa~d in tull, hre ins~rance in ~he usvai s~m.dard pol~cy fo~m, in a sum a~,proyed bt the MOR~v~GEE, a~~d w~ndstorm
insurance in the usuaf standard pol~cy form, in a sum approve3 by the MORTGAGEE, in such cdrtpany or compan~es as the MORii,AGEE may
dirett; and al) lirp and w~nds~acm inwrance polkies on any of sa~d bu~ld~ngs, any intereat therein or parl thr~eol, in the a~gr.~gate sv~~~ a~oresa~d or
in excctf Ihercof, shall contain the usual xiandard mortgagee clause o~ such oiher dause as the 61o~tgagee may requ~re, maA~ng tt~e ioss uRda. sa,d poli-
cies, each and every, peyabte ~o said MORIGAGEE as +?s interest may appear, and each and every wcA poi~cy ~hait kx~ prompdy au gncd a~~d de~ivered to
a~y held by ssid MORiGAGEE as (urthar secue~ly te sa~d morigage debt, and, no1 less than ~en (10) days in advance of ~he expirat~on of eoch poGty, to de•
tiver to ~aid MORTGAGEE a renewal the~eof, together with a rece~pt for thr p+emlum o( ~uch ~enrwal; and thcre :hall be no 1~~e o~ w~~~dato•m insura~~ce
placed on s~y of sa~d buildings, sny imereit there~n w par~ ~hereof, unless in the fo~m and wifh the ~oss payable as atcre:a~d; and ~n ~h~ event any wm
of money become~ payable un~r such poli~y w poGciea said MORTGAGEE sha11 have the opt~on to rece~ve and appiy the smne o~ account o1 ~he i:~debred-
ness secured heroby or to permit sa'rd MORTGAGORS to ~eteive and use it a an~ part ihr:eot tor o:i,._r Hu~; ost•s. :..ih_•..e ~h~•..+.
ing any equ~ty, lien w right uoder or by virlve of lhis mo:ega9e; and in the evem ta d MORTGAGORS sha!1 tor any reaso~ fail to krep the sa~d p~em~s.~s so
~nsurcd, o~ fail ro detiver promp~ly ~ny of sa~d pol;cues of insuranca ro sa~d MORJGAGEF, o~ fa,! prompt:y to pay 1~;Iy any p~r~~,~.-~n ~hereto~ or ~n a•~y
respect tail lo perForm, discha~ge, ezecute, effect, complete, co~nply with and abide by eh~s covenant, o~ any ~n herr.al, sa~d MuRiGaGEE ~nay p~ace -a~~a
pey fw such inaurance o~ any part thereof w~thout waivi~g o? aifecting any opuon, lien, equi~y, o~ n~h~ ~~..Ie~ o. b~ v~rrue of ih~s Mo~rg,,ge, and rhe
full amount of each and every such paymem shall be immediately due and payable and shall bear interest trom tha datr ~hcrcoi untJ pa~d a~ thr rate ot
n~ne per cenwm per annum and to~rther with auch intrrest shali be srcured by th~ lien of this mortgage. '
4. To permif, commit w suffer no waate, impairmcnt or deteriorat~on of said property or any parl thereof,
5. To pey all and singular the tosts, cha~ges and expenses, inc{udmg a reasona~le attomey's fee and cosrs of abs~~aq~ of l~r~e, incwred o~ y,e~d a~
eny t+m.e by su~d MORJGAGfE, beca~se or in tF~e event oi the fa~iure on Ihe pa.~ of the said MORTGAGOR to c!.,:y, p~u>>HUy and fu'.;y ~;c.fw~n, d~scha~ge
execute, elfeu, canplete, compfy w~!h and ab.de by each and every the stip~iat~ons, agreen,ents, cond~~ions, and co.•e:~anrs of said piOn~~ysury note a~:d rt~~.
mortgage any or eithe~, and sa:d cosfs, chsrges and expenses, each and eveiy, shall be immed~ately due and payab:r; wh~•ther or not ~h~•re be ~o+~ce d_~
mand, attempt ro collecl or suit pend~ng; and Ihe full amounf of each and every suth payn~ero shall bea• intcrest from the date thrreof until pa~d at ti,e
ratr of nu~e per centun, pcr annum; and aii said coits, charges and rxpe~~ses ~ncwred or pa~d, togeiher w~th s~ch ~nte~rst, shoU be srw~rd by ihe ~~cn of th,f
matgage.
6. Thet (a) in the event of any breach of thia Mo~tgt,ge or defa~It o~ thr part o( the MORTGAGOR, or ;b) in the eveN any ~f fa:d su~ns of money
herein roterred to be not pro~npfly and fully pald w~~hin th,rty (30) days ~eat a+~rr the sa~»e se~era :y be.a~~e due and pareble, w~thout de:na+~d or nor~ce,
or (cy in rhe event each and every ~he stipufations, agreemen~s, cond~t;ons and covenants o+ sa.d prorn~sso~y ~ote and ~h.s n;or~gage any o. e~iher a~e no~
~-'~'r• r'~^P~~Y and fi~i~y per4orn~rd, d.scharged, eaec~ted, effeqed: canpleted, compGed w~th and ab~ded 5y, then in e,ther cx any svch event the aa~d ag
g~egate ium me~rioned in sa~d pronvssory nore then remaining unpa~d, wi~h ;nre~est acc~ued, end e~f moneys secured hereby, a1~a;i bc~o~ne d~e and par-
able fo~thwirh, or thereafrer, at the opt~u~ of said MORIGAGEE, as fuVly and complerety as If a~l of thr sa~d sums oi money v~e.e or~g~na'.ly st~pu,arr.d
ro be pa~d on such dcy, anyth:ng in sa:d prom~ssory note o~ in this Mo~tgage to the conerary nofw:rhsrand~:~g; a~.d ~hereupon or Ne~veeltei at rhe oj+~on of
sa;d MORTGAGEE, w~rhout no~~ce or demar.d, suit at law or io equ~ty, the~efore or thereaher 6eg~n, may be prosec~ted as a,l moneys seZLrrd hereby
h_d maWred pr~or to ~ts institunon_
7. That in the event that at the beginn~ng o( or at any time pending any suit upon this Mortgage, or to Ioreclose it, or to reform it, or to enfo+ce
paymeM o; any daims here~nder, sa~d MORTGAGEE shal~ apply to the Cour~ hav~ng ~ur~sd~ct:on thereof for ~he apao~ro~nrm of a Rece~rcr, wch Cov~t she~i
horthw;th aapo~nt a receiver of said n,ortgaged prcoerty all and sing~tar, inci~,d,ng aif and s~ng~~ar the ir.con,e, prol,~s, iswes and rrvc~~:,es i~o~•~ whetever
source de~ived, each end every o( wh,ch, ~r bemg eapressly ~ndenrood, is hereby mwrga~ed as ~f spec~f~c~~ly set tor~~ and drscrlbed in the g~anf~ng a~~d
habe~dum cfauses hereof, aRd auch Receiver shall have all the b.ead and effective funcs.ons and powers in anyw~ie r~trusred by a Cou~t to a Rec~•~~er, a•~d
s~ch appointmtnt shall be made by such Co~rt as an adrnitted eq~ity and a maSter of abso(ine r~9At to said MORTGAGEE, anc/ `w~rt~oat refere~~ce to the
adequaty a inadequaty of the value o1 the property mortgaged or to the so~vency or ~nso:vency o) said MpRiGAGOR or tt,e dete„da~~{s, a~~d ~het s~ch
renrs, prof~ts, income, issues and revenues shail be appE~ed by such Rece~ver accord~ng to the 6e~ ur equny of said MORiGAGEE and u,e prad~ce ef such
Coun.
4. T= ~rompfly and iully p~rform, dischnrge, execute, effect, compiete, comply wiih and abide by e~ch and every the st~p~;arions, agreements.
conditions and covenants m sa~d promissory note and th~s mortgage set forth.
9. That in the event the ownership of ~he mortgaged prem~ses, o~ ar.y part thereof, becomes vested in a perwn o~her than the MORT(',AGOR, the
,'~1pRTGAGEE, its suctezsors and assigns, may, witho~t norice to the MORTGAOR, deai wilh such sutcessor w tuccessor in inrerest w~th ~rfrre~ue to this
mortya9e and the debt herrby secvred in the same manner as with Moetg,~go. w~thovt in any way vit~ating or d,scharg~ng the Mortg„gors' liao~l~ry here-
under o~ upon the debt hereby sec~~rrd. No sale of the F~remises hereby mortgagrd and no forbearan~e on the part of rhz I~Ip2IGi.GtE or i+s successo•s
or asst9~s aod no exter.s~an o4 fhe rime for the payment of the debt he.eby secured g~ven by the M,URSGAGE: or ~t: successors or ass qns, ,~~all operate
ro reiease, d~scharge, mod~fy change or affect the or~g,nal i~ab„~ty of the M~OR1GAGpR herem, either ;n whole or in part.
lp. It is speufically agreed that time is o( the essen~e of th~s contract and that no waiver of any ob ~ganon hereunder or of the obl+gation st
cv~ed hereby shab a~ any time ~hereafter be he:d to be a wai~r: of the terms hereof w of the ~ns~rumem sew~ed 'ne~by.
11. In .jud t.o? ro the forego ng ~r.onrh!y paymertn of princ ~;ak and ~eiteresi requ~red by tne prorr. 1iGfV r.o~: se~„•rd hcr~6i, mo:t~i3~r (p~Pfld~lty
a~~d ag~ees to pay to mortyagee v.i+ti eacti ~nomhiy paq~:cent an acid -:onal sum esr ated :~y mort~jg~e to be equai to 1 i2 of ~:,a ,r:n~.~( cost of th~ foiiow-
~ny:
A-A~f rra! prope.ty taxe: levrd or assessed age~~,st thc abo.e describcd reai esrate.
B- Pr~~n,•u•„s on f~rr and .ci~:dstorm inw~arce as herein rrq~ ~ed to be ca.r~~d o~ fhe :mprovements s:!v,+te on tha abeve d-~icn6cd prem~ses.
C-V~e~niums o~i such mo:tg;ge guaranty ir.wrar,ce as mo+rgagee shi;l fro,^ r,me to t~me deem f~t to carry on the loan sewred hortby.,
Mortgagee s~a'~ f.cm t~•ne to time noniy mo.tyagcr m writ:ng of ehe a~*~o~-+r d;,e and payable hereundar and s:,ch s~~» sh.~Ii th_reu+:on be d~e and
i~yable on the d~e oate of the na.t monthiy paymenr and eech success~ve rnonth thereaft.~r ur.tit mertg~gee sha!! no! fy morrgayor ot a chan~e in svch
a:-'.o~nt. $uth wms sha i k~e appi~ed by mcrtgagee toward the payment of reai property taxes, insvrance prerr..vms, a:d rr.urtya~e yuara~ty insutante
(~~emiV:R3.
IN WITNE~S NJH,REOf. thr sa~d MORTGAGOR has hereu~to set h~s hand and seal tfie day an year f~rxt af resaid.
Signed, Se d and r.ed in ehe presence of:
- K ~/Lt~- ~(Sea~)
.
- __._!s7° ~
_ j- Q"C~t' tK ,_!Sea!)
lSeal}
~ _ ' _(Se~l}
i ATE OF FIORIDA ~
- SS.
-
COUNTY OF St• ~.1iC1~ ~
Before me perfona;ly appea~cd _ _ ~8I1~61 .lOSeDh Ca~YI1s and
_ _ HataliQ F. Cairn~ h~. wi(e, to me wet) known a~~d known to me !o be
tne individ~ats described in and who eaecured rhe foregoi~g inss~ument, and acknowl~dged beFore me that thgy, executed the same fa the purposes
rherein exp~essed. And the iaid___. N8td1~E r' • Cd1Zt1$
.v~le of the sa~d ~D1@1 .J08Qpt1 Cd~ZDB i vpon s sepsrate and pr~wre
e.am~nat~on by mc taken upa~ate and apart from~her sa~d husbar.d, acknowlydged ~o ~nd before me thal she executed sa~d instrun,ent free~y and voiun-
!ardy and wrthouf any comp~fswn, consrra~n~, apprehens~on, w fe~r oF or from her sa+d hutband.
1YITlVFSS my hand and offic~af sea! this-_~_ a'~. _ day of_ _ SSj2.~~be1 A. D. 19~Q__
_ ~,//i.rs(~~ ~r.~.c
Nofary Pub' in •nd for the S+ate of fbrida ~t larye
My Com s~on exp~res: ~ ~97/
Return To: - ~"1 /
Fira! federil Sav;ngs 6 loan Aswcut~o~ •
~~~:•~~."i'~~••`~ ~ ~t^t:-~ a.'~:c S!ek o~ fl-fi~e at Larqe
Of fo.r V rrce ~•i' ~
fart P~er-,c. ~~cnda ~ ;r•` : y ~ M~ ~o:,~.t:~ss~n Fx~res b. ~91~
. 'y~•~~, 1 Ecra~a~]'A~el~a~r~`,r_
_
~ : ~ : ~~:.~r.~ ~1 EO
srFi.uc E ~o N~of
This Instrumen~Prepar~' By Wn. g. Brav+~} 0.; ~r r= ?F, Z'~R~ V~ TM,
First Federal Savings 6 loan Associatian - S~ ; r J'' ; RIFIED
of Fort Pie?ce , Florida %Yp' ~ ''..+,Q ,
. ~ ~~O
'-.,~po S P ?2 .~8;
~ .
Checked By ~ ~~~~~~~~~t$j~• ~ ~ ' ~
0 R + ~p ROCER ~
d001(187 PAGE 500 ~IERK ~~R
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