HomeMy WebLinkAbout1774 3. To place end cont~nuously 4eep on Ihe bu~fJ~n~s now w hercalter e~tunt~ on sa~d ~and a~d on all equipneent and perso~alty cove~ed by this mortg-
age, wilh ell premiums Ihrreon pa~d in futl, f~re insurance in ~ho us~al sfe~K.larJ policy lorm, in a sum ayp~uvad by the MOk~G~GEE, and wi~,dstor~n
+nsurance in ~he uwal ~tanda.d pol~cy lorm, i~ a s~m approvrd by ~he MARiGAGEE, in such company or cn:npanies as the MORIGAGEE may
dirett; and all Fire and windsrorm insurante policies on any o( s~id bui~d~ngs, any intere:f thc~oin or pa.t thi:.col, in !he a99rrga~c sv~r, atortsa~d or
in exceas thermf, shall contain ~he usual s~andard mortgagee dause or such other clause as the Mortgayee may requ~re, maAinq the loss unJer sa~d po~i-
des, each and evrry, payable to said A10RTGAGEE as its ~me:es~ may appear, and each a~d rve~y such ponry ahall br pron,pily ~si g~~~~d a~~d deiivered to
any hcld by said MORIGAGEE as Furrhv serurity ~o said mo,tgage deb?, and, nm less lhan ten (10) days in ad~ance of ~he rxpn„nen o1 cacli poGCy, ~o dc-
Gver to seid MORTGAGfE a renewal thereof, together with a rece~pt for the premium ol auch renewal; and ~here shall be „o t,re or ~v~~:ds~o~~n insurance
pisced pn any of ssid bu~iduigs, any intercst there~n or part thereof, untess in the (orm and with the loss payable as aforesa~d; a~d in the evenl any sum
ot money becomes payable under such policy w poLciea sa~d h10RiGAGEE shell have ~he op~.on to rec•_~~e and apF~ly th~ san,e on .~cwu~,~ of ihe ~nJ.:b~.~J-
ness secu~ed hereby or to permit said MORiGAGORS lo reteive and use it w any part thc:cof tur ot~~~~r H~r~ osrs. ,.~ii,o~.f th w..~.~ : ~ ~.r
ing any equ~ty, lieo or right undei w by virfue ot this mo:•gage; and in Ihe evenl sad MORiGAGORS shall !or any reison fail to krep the sa~d premisrs so
inwred, pr fail 10 deliver pro`nplly any of y~id policies OI in3urarKe to said MORTGAGEE, or fail prompt!y to pay fuL'y any ~:ro~n~~~,n !hcrrfor or in a~:y
resped fail to perfam, dacharge, eYecute, ef(eU, complete, canpty wirh and ab~de by thls cove~+ant, o. any p,irl hrreof, s.~~d MORT~AGEE may place a.•u
pay fw auch imwance or any pa~f thereof without waiving or alfeding any opiion, lien, equ~ty, or ~~ght undei or by vi~tue ot ~h~s hlorrga9e, and thc
f~ll amouM of each and eve~y auth payment shall be immcdiately due and payable and shall bear iMCrrst f~wn the date tficrrof untd pa~d at the ~ate ol
n~ne pe~ centum per annum a~~d to7elhe~ with suth ~ntere~t Shaii be xcured by the lien oi this mortgagC.
1. To permit, comm~t w su(fer no wastr, impairment w deter~oration of sa~d property or any part thcreof.
5. To pay all and singula? the costs, charges and expenses, ~nduding a reasonable atrorney's fee and cos~a of absfracts o1 t~t!e, incurred or ~:aid at
any time by said MpRiGAG:E, because a in the eveM of the fe,lure on the part ~i the said MORTGAGOR to duly, pro:npNy and fv:ly pe~torm, d~sct:3sON
~~ecute, effett, canplete, comp~y w~th and ab:de by each and every the stlpulat~ons, agreements, cond~t~ons, and covenants oi sa~d p~a~~,,so~y note a~~d il~~~
noitqage any o? e~ther, and sa:d casts, charges and expenxs, each and every, shall he fmmed~aiely due and payabfe; v,,he~her or no~ the~e br nur~ce da
n,and, attempt to cot(ect or suit pend~ng; and the ful! a~nount ot each and every svch p~ymem sh~ll bea. int~•rest from ~he date ti~errot ~nri1 pa~d at the
of nine Ner <<ntum p~:r dnnum; and all Said cOSts, chargC3 and ~anenseS irx~~red or paid, Iog~ther ~v~th Suth interest, thall be Set~rcd by the I~en of ~h~s
mortqage.
6. That (a) in the event of any breach of this Mortgage or default on ttw parr of thA MO~i1GnGOR, or ;b) in the event any cf s~ d:um: of money
h•~rcin refened to be not p~o~nplly and futly paid with~n th~rty ~301 days next aftrr the samr seve~a:~y Leta•»e due and payable, w~th~~t dcmand or not~ce,
:r ic) in the event each ard every the st~pulat~o~s, agreements, cond~nons and covenanis of sa,d pron,~swry note and :h.s n:ortgaye any or e~iher are no~
~~!y, promptly and fully perfonned, d.scharged, e:etuted, effected, c~npleted, compl~ed w~~h and ab~ded Sy, then ~n e:+her or any such event the aa~d ag
g~~gate sum memioned in said promissory nure then remaining unpa~d, with ineerest accrued, and atl moneys secured hereby, ihall b~cv~ne due and pai~
~o e forthw~th, or ~hereaftcr, at the opr~on of said MOR7GAGEE, as fu!!y and mmplerely as il aU of th~• sa~d s~ma of muney were or~g~na~ly stputated
ro be ~~d on such day, anylh~ng in sa.d prom~ssory note or in th~s Mortgage ro the co~~rary nonv~~hsta~~d~ng; and ~herc~po~ or thrrc,!tc~ a~ ~he opt~o~ of
sa.d MORTGAGEE, withouT nohce w demand, suit at law w in equdy, therefore or thereafier txgvn, may 6e prosecuted at if a!i mo~ieys sec~red hereby
nad matured pr,or to ~ts institubon.
7. Thar ~n the event that at the begl~n~ng of or at any timc pe~ding any suit upon this Mortgage, o~ to furcdose it, or to relo~m it, or to enforce
paymenf of any cl.~ims hereunder, said MORiGAGEE shall apply to the Ce~rt hav~ng ~u~~id:cf~on tF~~reof for the ap;~o~nt~nero of a Rece~~rrr, wch ~o~rt shalf
forthwirh appo,M a r~eive~ of said mo»gaged prooerty all and singular, inclvdmg a11 and sing~lar ~f,Q ir~come, prof~ts, issucs and ~evenuei t:o:n v,hatever
sou.ce derived, each and every ol wh~ch, ~i being eapreasly undersfood, is hereby mortgaged as if spec~f,~aily set foreh and described in ~he g~anting and
ha`_~endum da~ses herrof, and such Receiver shall have alt the broad and effecrive tvn~t.ons and powe,s in anywne emrusted by a Court to a Rec.:iver, and
s~ch appointment sha{I be made by such Court as an ad~nitted equity an~ a matter of absolute right to sa:d Rf1QRiGAGEE, a~d w~thout reference to the
ad^quacy w inadeq~ac~ of the value of the property mortgagcd o: to the so~venty or ~nso~vency ot said MOR(GAGOR or the de(endants, and rh.~t svch
~~~~n, p~ofits, income, issues and revenues shalt be applied by suth Rete~ver accord~ng to the :ien or equ~ty ot sa~d MUkTGAGEE and the prauice of such
Cc~~t.
8. To dufy, promptly and fully p~~form, discharge, execute, effect, complete, comply wi~h and ablde 6y each ar.d e~ery the st~pu~ations, agreements,
condlrione arid covenants ~a sa~d promissory oo:e and rh;s mortgage ser forth.
9. ihat in fhe event the ownership of the mortgaged prem~ses, or any part the~eof, becomes vested in a person o~her than the MORTGAGOR, the
ti'~ORTGAGEE, its svttesson and ass~gns, may, without nct~te to the MORTGApR, deal w~th wch suctessor d s~ccesso~ in interest w,th refrrence to this
~~o•tgage and the debt hereby secured in the same manner as wifh ldortqago~ wirhout in any way vitialing w d~scharg{ng the ldortgaqo~i Ilabil~ty h~re-
i:r.der w upon the debt he+eby sewred. No sale of the p~envses hereby mortgaged ar,d no forbearance cn the part o! ~he ?AORiGAGEE or its successors
or assigns and no exrens~on of the t~me for the payment of the debt hercby secured give~ b~ the MORTGAGEf er irs successors or ass:gns, a~:al1 operare
ro re~ease, d~scharge, mod~Iy change o. afiect the ougmal Siab.i~ty of the MORTGAGOR i~erem, either in whole or in part.
10. It is spec~F~cally agreed that time is of fht essence of this tontract and that no waiver of any obl;gat~on hereunder or of the obligation se-
cured hereby shaU at any time thrreaFter be hefd to be a waiver of the terms hereof or of tha insnument secured herby.
I1. In add.Tia~ !o rhe forego:ng month!y paym~nts of princ paI and inferest required 'oy the prom~sscry no~e scwred hrr,~b~, mort~o3~, covenants
a-d agrces ro pay +o morrgagee v.ith eacfi mo~fh'y payr,:ent an add,r;onal wm es~~n~ared by mortga~ee to be eqvai ~0 1:^ or ,n ~~af ,ost oi the loliow-
~,a: '
A-=All rcal prop~rt~• taRCS levied or assessed agai•~st the above describcd reat estate.
B P~:~^ „:,s on fire and w•~r,ds~o~m irtsur3cce as here~n req~;red to be carncd cn the ;mprovements s~tvate on the abo~e d_sc~~bed prem~ses.
C-Premwms o~ wth morigage g~aranty icwrar.ce as mortgagee sha;i frorr. rme to time deem fit to carry on the !oan secur~•~1 hrreby.
Mortgaqee Sh: 1'rom tune to Time nohfy mortgagor in writmg of the ar-•ou~T d~e a~d payable he~eundar d~ed S~:h S~~n 5h,ill thrr~uF~on be due dnd
: a~a6!e on the d;e ca!e of ~ne neKt month;y payment and each successive month rhereafr~r ur.til mcrtgagee sh~11 no!.fy mort~Jayor ot a change ~n such
• cunt. Such s.. cs s!-r be applied by r:~ortgag~e toward the payment of real property taaes, insurance prem.ums, a•id mortyage yuaranty ~nsurance
r-emiums.
IN ~'tITNE~S LtNE2;OF, fhe said MORTGAGQR has hereunio set his har~d and seal the day and ar f' st afor~said.
ned, Sealed and delivered in the presence of: ~ ~
/ (Seaq
- ~ ~ ~ ~L~.t ~n-O _(Seal)
- (Seal)
` (SeaO
S~:.iE OF fLOQIDA ~
St . I.L1C 11B SS"
~JUNlY Of ~
eerore me perw~a~1 appeared Ct18I'168 W~11~8m3 - and
Frat~cie E. Williams
h~s w~ie, fo .ne n,.r~ knoW~ and krw~rn to me to be
~`~e individuals described in aod wFw executed the foregoing instrument, and acknowledged befort me that tfity .exxuted tlK,saen~ fOt the purposes
+he~ein expressed. And the said FI'81I~C~.6 E. Wi12fa~ •
r.~fe of the said (:'harles E• ~~~STI1S e~~ a~d private
e,~am~nat;on by me taken separate and apart from her said husband, acknowiedged to a~ beSor~ me that she exetuted uid irysJrNrn~~ hee~y and vo~un-
~ar,iy and w~thout any compuls;on, constra~nt, apprehe~i n, or fear of o~ from her said husbana. _ ' , _
WITNESS my hand and officiai seal th~s_. - day of t0~@r ` p 1970
Notary Public in and for tFfe 9 o~laas at C~rge
Mr Comm~ssion expires: '
Return To: . t~. S~ ,t , W
~1F
First feder~l Savings 8 loa~ Associat~on p REC~RDED1„ M~ (o~;:san E~ires Se~t. 25,
Of Fert P e: ce. ~ FILED AN FLQ• lo~M/ y A~wka~ fn i GsraYr Ce-
Fort P~erce. fier~da U~~E ~OUN'fY•
sT.RFCOPC "F~~~~~ ;
~
This Instrument Prepared 6y ~ 12
F~rst Federal Savings & loan Association~ ~,1 ~C
of Fort Pierce , Florida
Checked By ~QGE~t tTR pURS.~. `
~LERK C1RCUtT ~ ~
eoo~ 187 ;~acE1 ~''~'4 ~ ~
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