HomeMy WebLinkAbout0337 3. To plac~ end conlimiously ke~p on ~M b~ildinys now a h~reaf~a ~itu+te o~ iaid I~nd and .v+ alt eqv~pment ~~d pt~san~lly cove~sd by this marq~
~y~, wi~h •11 p~emivm~ thereon pa~d i~ fu~l, ti~e insv~~~c~ in tM usu~l ste~derd po~icy form, in • avm app~ov~d by ths MOR~GAGEE, at~d windstwm ;
insur~nc~ in tM ~~ual ~randard pol;q fwm, in ~ sum •pproved by tM MORTG.4GEE. in f~ch compa~y w compa~ies a~ ?he MORiGAGEE m~y !
d~r~ctj and all fi~~ and w~ndstorm ir?iuraec~ policiea on ~~y of w~d build~nfli, any inte~esl tM+ein or part thersol, in 11?~ agy~eg+~e ~um sfor~said w '
In ~xau IAertof, ~MII cont~in tM v~ual pandard moreqa9e~ ci+usf a iuch oti?er d+uss ~t th~ Mal9agte may requ~re. makin9 ~he ~oss ur.de~ ~a~d poii-
c~s~, each and ~vNy, p+Yabl~ fo said MORTGAGEE af its intere~~ m~y app~a~, and each ~nd every svch policy shall be prompt~y a~s g~+ed and deiivered ~o
~ny Mld by iaid MORTGAGEE as furthK security to s~id mortya~ debt, and, r+ot Issf than ten (10) days in advance o} tM exp~~a~~a+ ol each policy, to da
I~vN to said MORiGAGEE a ~~r~ewal tlw~eof, IopethN wi~A a rec~ipl fw t1a p~em~wn of iuch rener+al; and ther• shall be no f~re o? winds~orm iniursnce
pt~ced on any of s~id buildinps, ~ny Interyf Il+erein o? part thereof, ~ntess in fhe (o~m and with th~ loss payable as aiwewid; and in tht ~vent sny sum
ot mon~y becomes psy+ble ~~dar such policy w policies said MORTGAGEE ~hsll Mw ~M op~~on to reteive and ~ppty the same on account o( ~he indab~ed-
nest secur~d F?e«by o~ ro perrnit iaid MORTGAGORS ro reuiw u+d us~ it or +nY Part thereof for ofhe~ purE:oars, w~thu~t thar~u~ ~vai~~:~g c. ~n~p~~r-
in9 a~y aquify, IiM a ri9ht un~er w by virtw of this mortp~y~; ~nd in tM ~wnt a+~d MORTGAGORS shall fw any ~eason (ail to kcep the sa~d prernisa~ ~o
+nsured, a fdl 1o deliver promptly ~ny of said polici~s of in~urance b uid MORTGAGEE, o~ fail prompily to pay fu~ty any pre~nium ~herefw w in any
respect fall to perfo~m, dischu~e, ~xecute, e1(ect, complste, comply wirh and abid~ by ~his covenant, ar any part he~eof, sa~d MORTGAGEE may piace a~~d ~
paY fp suth inwranc* or ~ny part 1Atreof wi?hout w~ivirp w af(Minp u~y optior?, lien, equiry. or rigM u~de~ or by virtw of this Mwrga9e. and the
full amount of tath and ~wry wth paymenl shall be immediatety dw and payabit and shall bear in~tresi from the dale Ihereo! u~til p~id at the ~ate ol
nins pe~ ceNUm pa ~nnum and togethcr with such i+uerest shal{ be iecured by 1M iiM of this morty~ge.
1. To permit, oommit a wffK no wast~, impairment a dete~iwetion of said p+operty or +ny paN thereof. i
S. To pay a!1 ~nd tfrqul~r tFw costa, charyes ~nd expenu~, inctudirg a reasonable anorney i fee and costs oi abstrocrs of titte, incur.ed or paid at t
eny tims by said MORiGAGfE, b~caus~ w in the event oF the f~ilvre on ths pan of the said MORTGAGOR 1o d~ly, p~omplly +nd fully perform, d~sthar9e.
execute, etiect, tompkte, comply with and ab;d~ by each snd every the supulat~ona, yreemenes, conditiau, and covenants o1 said p~om~sw~y note a~d ~hii
mortyap~ a~y a ei~he~. a~d taid costa, cMryes and ~xpenses. ~~ch and evc~y, sMll be im~sediately due and payabte: whenc~r or not ehcre be nonce dr
mand, attemp~ to collect or wit pend~np; ~nd ths full amo~nt of each ~nd wery suth paymeM shall bes~ in~erest from ~he date the~soF until paid a~ the
rare o? nine pe? centum per a~~num; and all said cosh, cM.gst and expenset incurred or pald, toyNher w~th iuch :n~erest, ihalt be srcurcd by ~he I~~n of thi~
mortya~.
6. Thst (s) in the evenl of any be~ch of this MortyaQ~ o~ default on the part of the MORTGAGOR, a(b) in ~Aa event sny of satd sums o( money
herein referred to be not promptly and fvlly paid within thirty (30) days nexl after the same severally become due snd peyable, w:thou~ demand w no~ice.
or (c) in the ~venl eath and w~ry tht stipulatioas, agreemenb, co~ditions and covenams of aa~d promiuory note ar.d th~s mo~lyoye aoy o~ eithcr are not
iuly. prpnPdy and fuNy perform~d. d~icMryed. executad, effected, compteted, comptied with and ab~ded 9y. ~hen in eilher or any such ewnt Ihe s~1d ag
gregata sum nxnsioned in uid promissory noes then rem+inirty unpa~d, wilh iNerest ac:rued, and atl money secured her~by, ihall becane dw and pay-
abte forthwith, w thereafter, at the optio~ of uid MORTGAGEE, as fully and completety as it •II of ihe wid sums of money wcre «~g~natly st~pulated
to 6e paid on such day, anythin~ in said promiuory note or in this Mortyage to tF+e contrary notwithstanding; and fhereupon w tF~ereafter at tM option of
said MORTGAGEE, without notite or demand, wit ~I law a in puity, therefwt w thereafter begun, may be proucuted as if all moneys sacured hereby
had matured pnor to ~ts institution.
7. ihat in tl+s event that at the beginnin~ of p ~t any time pend~ng any wit upon this Matgsge, a to 1ore~lose it, or to refam it, or lo enforce
psyment of any tlaims he~eunder, s+id MORTGAGEE shall apply to 1Fx Court having jur~sdiction thereof fw ihe appoi~tmem af a Rcceiver, avch Court ~hail
forthwith appoint a reteive~ of said mottp~ged proQerfy a!I and sing~l+?, includ~ng all a~d singular the income, prot~ts, iuues and revenues from whatever
s~urce derived, each +nd every of which, i~ beinp ~xpreuly unders~ood. is hercby mwtgaged as i( speufically ut forth sr+d detcr~bed in the graniing and
habendum clauses he~eof, ind such Receiver ~halt Fwve all the broad and effective funcs~ons and powMs in anywise eotrusud by a Covrt to s Receivm, and
:uch appoi~trt+ent sMll be mad~ by such Cowt as ~n admitted equiry ~nd a r?~a?ter of abwlute right to said MORTGAGEE, and without relerence to the
adequscy or insdequacy ot the wlw of the p~operry mort9~yed a to the soivency d inwlvency oi said MORiGAGOR or the defendams, and tha~ such ~
renrs, profin, incw~x, issues and rwenues sAall be spplied by tuch Receiver attordinp ~o the lien a equity of said MORiGAGEE and the practice of such
i.ourf.
8. To duty, promptty snd fully perform, dixharge, execute, effM, complete, tomply with and sbidt by each and every the stiputations, ~grecments,
condit'aro and covenants in sad promissory not~ ~nd this morty~ge ut fath.
9. 4hat in the event the ownership of the mortga~ed premises, w a~y part thereof, becomes wsted in a p~rson other thsn the MORTGAGOR, the
MORTGAGEE, its successors ~nd sasigns, may, without notice to the MORTGAOR, deal with s~ch wccesso~ a svccessor in intere~t with ~efercnce to this
mortgage and the deb! hereby secured in the same mann~r as with Mortgaga without in any way viti~ling a d+achargirg tFK Mortgagori liability herr i
under or upon the debt hereby secured_ No s~:e of the Fremixs hereby mo~tgaged ar.d no forbearante on the part of the MORSGAGEE w its svccessors j
or ass~g~s and no exrension of the time for the payment of the debt hereby secured given by the MORTGAGE~ or it~ successon w aas~gns, shall operate !
ro refease, d~xharye, modity charge or affett the wiginal liabit;ty of the MORTGAGOR here+n, eithee in whole or in part.
10. It is spedficalty agreed that time is of the eus~+ce of this contrap and tha~ no waiver of any obl~gat~on hereundcr a of the obligation sr
c~red hereby shal! et any tirtK thereafter be held to be a waiva of the tcrms hereof w of t!?e instrument secured hcrby.
11. In add:tion to the fwego:ng monthly paynsents of prinCpaf and interest required by the prom~uory no!e secvred hereby, mortgagor covenanrs
and agrees to pay to mo~tgagee with each momhly payrneM an addirional sum est~mared by mortgagee to be equal to 1; 12 of the annuaf cost of the follow-
~ng:
A-AII real prope~ty taxes kvicd a assessed againsf the above described real estate. ~
B-Premiums on fire and windstorm inwrance as herein requ:red to be carried on the improveme~ts situate on the above described prem;ses.
C-Premiums on wch mortgage gusrarsry insura.~ce ss mortgagee shall from t~me 1o time deem fit to carry on the loan secured hereby_
Morlgagee shall irom time to time notify mortgagor in writing of the amount due and payable hereunde? and such sum shall thereupon be due snd
Gayable on the due oate of the neat monthly payment and exh successive month thereafter until mortgagee shall notify mortgagor of a change in such
~ a•~ount. Such su~ns shaii be applied by mortgsgee toward the payment of real property taxes, insurance prem:ums, a~xl mwtgage guaraMy insurance
premiumf.
~ iN WITNESS WHEREOF, the sa~d MORTGAGOR hss hereunto xt his hand and xal the day and year first atoresaid. _
€ ~ Fi~E~ ANo aEC~ROE~ ~ ~
; ned, seated nd ~n the esenc~ of: =T.IUCIE COUIf r il
! ROCEt~ POITR~S
( CLERK CIRCUIT COURT (Se,~)
€ ~ R[CORD VERIFIED
~ fEe 10 II ~e AM'7
S7A1E OF FLORIDA
~o~~TM ~ sr • LUCIE ~ 204454 ~
;
~ eefwe rrN p~rwn~lly appeued David L. TdYlO! ~ s1At]le adlilL and ~
~ Llovd ?avlor and Clotilde F. Tavlor his wife, to me well known and krwwn to me to be
~ rhe individwls desvibed in and who executed the foreyoinp instrument, and atknowledged befwe me that they e:ecuted the same for ths purposes
~ ,h~,~;~ exp~~„ed. ,,u,d the ,,;d Clotilde F. ?aylor
~ ,vife of the said ~O~/d TdYlOZ vpon • separ~te ~nd priwt~
g examination by me taken uparste and ~part from her said husband, adcnowledged to snd befwe me that the eaacuted said instrument .fr~jy. ard:Jrg~f- .
~ ranty and withovt •ny cornpulsion, constraint, apprehe++sion, fear of or from her said husb~nd. ~~%i~'
~ WITNESS my hard and officual seal this d~y of u ~ ~~~•4' '
.
- / • 1 . a'~. :~l•. ~'J
z- . r
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Not+ry Pubiic in ~nd (a the Stat~ of ~ ~st ~ _
_ My Commissan tapires: ~r~ ~ ~aC _
Retum To: ' ` ~ Z ~ :
~ : 4 _
NOTARY Pi18i~C. SUTE ~f FtORit~ 4~
Fint feder~l Savings 6 loan Associat~on MY COMMlSSION E,;plr~~^ ~ r~~_
- Of fort P~erce. tOl'IDfO iMitOU4N c~
WN~{/. j7~ '~..~..~j E;
c~ift. .Y,y/ s 0~
~ fort Pieru. Florida / ~
~ ~~~~lIIMt:11~~t~
~
~ This Instrument Prepared By John W. Collins ~
~ First Federal Savings 3 loan Associntion ~
of Fon Pierce~ Flozida .
i~.
Checked B ~
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