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HomeMy WebLinkAbout0933 . ~ . i - ~ ~ ! 3. To pvyrne pe.son~lly cova~d by ~h+~ rnorp~ ~ pl+c~ ~nd continuoualy keep on ~1» bu~:d+iqs now w M.~af~ N~wt~ on w~d i~nd ~~d on ati m~~+d v~i~A s~l pr~m~vm~ tlxrwn pa~d ~n fulf, lu~ insu~a~+c~ ~n ~he vwei ~urd+~d ponc~ Ewm. in a wm •pwo.e.~ b~ r1u MOR~GAGEE. aoA w+~ram ~n~w~nn w? ~1» uwal ~undard po~~cy farn, in • wm ~pp~o.~d by ~M MORTG/?GEE, in wcA canNanr o~ ca~pan~es as ~M MORiGAGEE n+ar dinttJ ~nd a1f fir~ and wr~w:m in~wa~cv poiK.~a o~ any ol ud buiid.opa. ~ny inM~esl tM+ei~ or pa~~ ~Fxreof, in ~he ~~yrc9~}~ sum ala~said w in ~=cw~ ~he~~of, aAall con~ain tM uwal ~~andard ~na~~+pM c1~u~ a wch ahw cl~us~ ~s tM Morrpaye~ m~y requ~r~. m~?~np ~M ~o~s u~+de. ti.~d pol4 c~ei. eath and waY. parabl~ w N~d MORiGAGEE as ~ts io~e~eu may ~pp~a~. u+d s+ch and ~vNy ~uch poi~cy ~l~ail be p~omptly ats p~~cd and deG.ered ~o •ny htW by s~id MORIGAGEE a~ furtl?N secu~ity w Hid matflaQ~ debt. ~nd. ~ot Itu than ~en t10) d+ys in adwnc~ o( ~M eap~raaon of each poGcy. to d~- I~vN ~o Nid MORTGAGEE • re~ewal ~henof, top~tlw~ with a~ece~p~ fw the pr«n~wa of iuch ~e~ewal; and there shaN be no fue or wi~~ds~wm iowranc~ pt~ted on ~ny oi wid buiklinQs, ~ny. interNl tMr~in p pa~t tlKrto(, untess in tM lorm a~d with tM bu p~y~bk a afatsaid: ~~d in tln ev~nt a~y ~um oi momy becom~s p~yabN undN wch pdicy a polici~s said 1NORIGAGEf sMll haw ~M opt~on ro~ecei~rc anc apply ~he ssme on accoun~ of ~he ~ndeb~ed- neu setwld hKeby or b permit uid 1NORTGJIGORS fo ~Klivf ~nd Yf! it p•ny parl thlr~Of fo~ Othrt pW{~Ofei, ~v~~hu~t th_.ru~ wdivi~~ J~ unpo+r- in~ any eqvity, lien w rght ur~der or by vi~tw of this mor!pa~: ~nd in tM ~vem sa~d MGRTGAGORS sMll ta any r~awn fail to keep ~he sa~d p?~mises fo irtsured, or f~il b deliver p~omptly ~~Y of iaid polities of intwance to s~~d N~ORTGAGEE, a faii promplly to pay fu12Y any pre~»~um therefw a M a~y respKt (~il b p~+form, d~xhar9c, ~xecut~. ~ffact, complete. complY with and +biiM by Nw1 covenaM. a~ny parf hN~oi, uid MORiGAGEE may p~ace •~sd paY fa s~rch inwrance or any part ~M~eof w~thout waivinp or affactinp ar~y op~~a4 IiN+. epvity, o? r~9hf unde. a by virtw of ~hii lNort9a~. a+d ~M f~11 amount of each u~d swry ivch paym~m ih+ll b~ immediately dw snd pay~bl~ ~nd ~hall bear interesl from tM daN lhereoF vnril pa~d at tM ra~~ ol n~ne per centum per ~nm,m and togcther with wch interest shall be iecured by t!K li~e? oi this mwty+pe. ~ l. To p~tmit, oanmit w wffK no wast~. &npairmceH w deteraratan of s~id property w anY p+N thereo(. - ' S. To p~y dl and sin~~tar the costs, cMr~es and expa?ses, incl~rdinp a reasonable ~ttorney's fes and costs ot ab:rrsds ot t~tle, i~currce! o. pe~d af any time by said MOR~G/1GEE, becwu w in tl+e twnt of tM failwe on the p+?t of the said MORTGAGOR to duly, prompHy and fully pe?form, d~xharge, e:ecute, effec!, oompleN, comply w~th and ~b~ by each and every the st~ulst~ona, ag~een.enn, conditions, and covenann of said p.omissory ~ote a~d ~his :r,ort9ape any w eifAer. u~d said costs, cMr9es and ~:penses. exh and every, shall be immediateiy dwe and payab.e: whefher w not ~here be r+ot~u dr mand, enempt ro colleet w suit pendiny; and tFK full arnounf of eacA and everY wch payment shall bear ;merest from the date thereof umil paid at the rate o4 nirte per centum per am~um; and all said costs, charyp and expenus irrcurred o~ paid, together w~th svct? inlerest, shall be secured by the lien of th~s :nwtpap~- 6. T}wt (a? i~ the event oi any bresch of this 1Nort9sye or defwh on ths part e( the MORTGAGOR, w(b) in the evem any of said sums of naney herein referred to be rat praaptly a~d futly paid within Ihvty (3a) days nezt after the same severa!fy become due snd payable, without dem~nd o~ notite, or in the event t+ch and every the stipulations, ~greemants, co~ditions and•cove~anrs ol sa:d promiuory oote and th:s mortgaye a~y or ei~her are no1 ~uly, prompHy and fully pe~formed, d~scMrgrd, executed, effected, completed, complied w~th and eb~ded by, then in e~~her or any such event the ia~d ag gregate wm mentioned in said promiuay note then remainiry ~rtpa~d, with iMerest accrued, snd a?I mo~eys secured hereby, shall beceme due and pay- able falhwith, or theresfter, at tfie opYan oi said MORTGAGEE, ~s fvlly srd completely as ii atl of Ihe said sums of money vvere ag~nslly ttipulated ~ ro be paid a? such day, anything in sa:d pran~ssory note w in this Mortyage to .the contrary notw~thstsnding; and the?eupo~ or thereafter tt the option of ! sa~d MOftTGAGEE, w+thout notice or de~narxl, wit at law a in pvity~ 1I1NQI0?! Of ~~1lfNI~N begun, may be prosecuted as if aIt mor.eys secured hereby I tiad matwed prar to its instirution. 7. That in the eve~t tha~ at the begi~n~r+g of or ~f sny time pending sny s~it upon this Mortgsge, w to faeclose it, o~ to reform it, or to enfwce payrrxnt of any cla~ms F~evndsr, said MORTGAGEE sAall apply to the Co~rt i»v~~g jurisdiction thereof fw the appo~ntment of a Receiver, such Court shafl fo~thwith sppo~M s receiver of said mortgaged property a11 and sirg~lar. i~clud+~g all and singular the income. prof~ts, iasues and revenues from whatever saurce derived, each and every of whKh, it being expressly undcrstood, is hereby mortgaged es if spec~fically set for+h and desuibed in the graroing and hebendsxn clauses hereof, and such Receiver shall have ~II the b+oad and effective funct.or~s and powers in anywise enrrusted by s Court to a Receiver, and a~cfi aQpoi~tmeM shall be made by such Court as an admitted equity ~nd a matter of absotute right to said MORTGAGEf, and without reterence to the t edequacy a inadequacy oi the vatue of the properiy mwtgs~ed oi to the soivency or inso:vency of said AAORiGAGOR a the defe.~dants, and that svch t re~+s, proiits, income, iuues and revenues shaN be applied by such Receiver aaordmy to the lien w eq~ity of said MORTGAGEE and the practice of such ~ Court. 8. To dvly, p?omptly snd fuily perfom~, discharge, execute, efiecl, compkte, comply with and abide by each and every the stipv.iations, ~greements, :w.dirio,u u+d covenams in sa~d promissory ~ote ~nd this mortgage set lwth. A That in the event the ownenl»p of the mortgayed premises, o~ sny p~A the~eof, becomes vested in a person other than the MORTGAGOR, the M,ORTGAGEE, iri svccessors and assigru, may, without norice to the MORTGAOR, dedl with such successw or wccessor in interesl with referonce ro thi~ mo~~gige a~d the debt heteby secured in the same manner as with Nbrtgaga without in aryr waY vit~ati~g or dixharging the Mortgagon' liability her~ ~ndrr or upon the debt hereby secured. No sale of the prem~xs hereby mortgaged and no forbearance on the pah of the MORTGAGEE a its successors w assigru and no extension of the time fa the paymem of the deb~ hereby secured given by the MORTGAGEf or its successors w ass~gns, aMli operate ro ?ekase, d~scharge, rnodify change ot affect the wiginal liab~l~ty of the MORTGAGOR herein, either in whole or i~ part. 10_ h is spetifically agreed that time is of the essence of Ihis to~tract and that no waivet of any obtFgafion hereundcr or of the oblig~tion sr cured hereby shal~ ~t any time thereafter be hcld to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tto~ to the forego:ng moathly payments of prinCpal and interest required by the promiuory nore secured hereby, mortga~or tovenants and agrees to pay to mo:tgsgee with each monthly payr:xM an addirionai sum estimated by mortgagee to be equat to 1~' 12 of the annual cost of the follow- . A-AIt real property taxes kvied or auessed agai~st the above described real estate. ' B-Prem~ums on fire and windstorm insurance as herein requ;red to be carried o~ the improvements situate on the above described premises. ; C-Vremi~ms on such mortgage guaranty inwrar~ce as mortgagee shall fram t~me to time deem fit to carry on the ban secured hereby. 'f Mongsgee sha~l f.om time ro t~me notify ~qrtgagor in wrifing ot the amount due arwf payable hereurde~ and such sum shaU thereupon be due and ~ayabk on the due oate of the next monthly payment and each successive month thereafter ur,tit mortgagee shall notify mortgagw of a change in such ` a^~:ount. Such sums sFall be applied by mwsgagee toward the payment of real property taxes, i~urance pcem:ums, a~d mortgage guaranty insurante 'y [J'f:7~IVIRf~ . f € IN WtTNESS WHEREOf, the said 1NORTGAGOR has hereunto xt his hand ~nd seal the day and year iirst aforesaid. c Signed, Seakd and d i ~ed in the presente of: iT`~IE COUM~ v T~ ~ • / (Seaq ~OCER POITlIA= ~ CLERK CIRCYIT ~ ~ - RECORO YfRIf1Ep p STATE OF FLORIDA ~ 5 3 z6~ r~~ ~ ~ ~ ' ~ ~ sz. i.uciE # 2G29~'7 befo~e ~ne penonauy appearcd HOwa1Id R. Cazter ~ Betty .Jeal1 C2?Zte! hK w~{e, to me well known and known to me to be A rhe ind"+v~dw~ described in and who executed the foregoirq instrumeM, and atknowledped before me that they executed the same for the purposes ~ ~herein expressed. And tF+e said B¢tt~l .J@all C~ltQZ ~,~ie of the sa+d Howand R. CdrtE! upon s sep~rate and priwt~ ~ examinst'an by rt?e taken separate and spart from her said husband, adcnow{edged to and befwe mt that she executed said instrument freely and volun- rarely and w~~hovt ~ny compulsion, eonstraint, appreFroro;on, fau of w fiom her iaid husband. ~ WITNESS my Mnd ~nd officiaf seal t' day af A. D. 19 7O L ~ - Notary Public in ~nd ior tM Sfate of ftorid~ at Larye ~ My Comu~ia' eapires: W! ~ Rer~m To: ,.`.`.••r,~?•,,., - AiC~ r116UC~ STATE OF fLQRIDA AT LAR~E ~ Fu:t F.d..d s.vin~. a lo.n A..oci.tiw, ~ : Of iort P:erca a`~~?'~i~' ~~SI~ f~ SE~~ 1~ . ~ Fott P~ertO. Flvrid~ ~ ~ c _ L~ ~ ~ ~ ~ ~ ~ ~ ~ - _ ~ - ~ ~ • ~ . ~I , • I f ' ~ ~ ~ This Instrument Prepared By ,J. D. Chastain ' s'• - - • , , , : ~ Firat Federal Savings b L.oan Association ~ . ' ~ ` ~ of Fart Pierce , F loz ida 5;.•`' ~ ~ i~~~D'=•':;su:~t~~~,. ~ ~h~~ By 1~ ~ ~ : ~ ~ . ~ ~ # ~ _ _ _ ~ ~ ~ _ ~ . . = zx~_.~ . _ _ . - = ~