HomeMy WebLinkAbout1559 3. To place and coroinuously keep on the bvi:~+~ngs n~w a hereafter ~rtuate on sa~d ~and and on a~t eq~'ry~~~ent and peno~a~~y co~r~ed by this mortg-
a9s, w~Ih all prrmiumt Iherton pa~d ~n full, hre insurance ~n ihe uwai uandard po:~cy lorm, in a s~•n a~.p~u.ed by thr J~1JR:i~%.GEE, a~:J winds~o~m
ins~~ance in the usual stdndard pOLcy fO~m, en a s~m aEprovrd by ihe A10RTGAGEE, in auch comNany or tompan~es as iht MORiGAGEE rnay
d~rK1; and all fire and windstorm insurante po~~cies on any of sa~d bu~~d:ngs, any intrresl the~cin ur pa•t thercof, in ~he agqrcgaTe s~m afo~esaid or
in excess thereof, shaU :onrain the usual s~andard mongagae c~ause or such o~hrr ~;~use as ~he Ma~yegee may requ:re, me\~ng ~he toss undar s.+~d poli-
c~es, each and every, payab~e ro said A~ORIGAGEE as ~ta in~rrest may appear, a~~d each and every s~ch p:,:~c~ shatl be prompriy ass y~~~•d a:~d da:~r~•~d ~o
any held by sa~d htORlGAGEE as iu~th_r s:curity ~o said ~nortgege debt, and, not tess than ~~•n (101 d.+ys ~n ad+~~~ce oi th~ expir„no~~ of ~aci. y~ul,~y, ?o de-
Irver to sa~d A10RTGAGEE a rencwal thereof, togethrr witA a rece~pt for tAr prrmwm of such ~e~,e+.~i; a~~d ii~r~t thaU be ro f.rr o+ ~dsto=~~ insurance
pleced pn any of se~d build~~+gs, any intereit tbere~n or part thereof, unlrss in ihe fonn end w~}h t1~e loss payable as a!oreaa~d; and ii~ the e:ent any sum
of mw~ey becomes payable ~nde~ wch policy a po~~c~es said MARiGAGEE sfiatl hovn ~hr oy~,on to rec~~i~c .:nd ap~'y ~he ae~~,~ on oceo~:~~ of the indrGtrd-
ness securtd htreby or to prrmit said MORTGAGORS to receive and use if a any ~~::r~ th~~:rof ti.~ o'e~• r i.~ , ~s~•s. ~..ti ,,•t
ing any equity, lien w r~gM under or by virtue o~ this mo:rgege; and in the evrm sa d M0~2TGAGORS aha!1 'or ~ny ~aaion Fa~! to krrp the ea~d pr~ne~s~•s so
insurcd, o~ fail to dei~ve~ promptly any of said pol~t~es ol insurante to se:d h10RiGAGEE, or ta~l promptly to {~ay fu,~y any prc~~e~~m th~rc}or or in a~y
resped fail to perfo~m, d:scharge, e:ecute, eflec~, comp!etr, co rp~y w~th and ab~de by ~h~s tov.~~~_int, er any pa~t h:reof, s~~~d hSGRTG ~GEt may p:aCC a ~d
pay fw suth insurence or sny part ~hareof wi~hout wa~ving or al(ectirig any opt;on, ;ien. rqu.ty, o~ n~ht ur,Jer or by ~•~~tue of ~his h~ertyaye, and the
t~ll amount of each a~d e.ery such payrr.em shall be immediately dve and payable ar,d sh,~l 6ear int~•r~s~ trom ~he date thcrcof un~il p.,~d at the rote ol
n~ne per cc~tum per annu:n and W~~ih~r v,r,h w:h inter~•st sha:~ i>r sec~~ed by ~he I~en o( th.s mortgage.
To permit, commit p suffer no woste, impaintient or drtrriorotion of sa~d prope~ry or eny part thvreof.
5. To pay all and aing~tar the costs, charqes and expe~~ses, indud~ng a reasonab!e atro.nry's fee a~~d cos~s of absrr,:cts o! t~t!e, incu~red or F~a~d a~
~ny time by said MORIGAGEE, becausc or in the eve~~~ of die iarure on tne par~ o! ~he s~~~ b~ORi;,AGiJR to duty, p~o ~~F~riy and lu~~y purform, d~siharge
,,ec~te, eifeU, car.plNe, comply w~th artd ab de by each and r:e~y the iTipu~ai~ons, agrr~~~~:enrs, co~~d.hons, and cov~:,a~+is e~ s.,:d pro:r„>~c:ry nore m,d ih~s
~~o~rgage any or e~ther, and sa:d cosrs, charges and expanses, each and eve~y, shail be ~n,~*•~,d~arr~y due and Fay~V:r; whr~her or no~ r11~•~e be nor~ce d~ 7
mand, anempt to collect w suit pend:ng; and the tutl a;no•mt of each a~~d e~ery such poy:~:~:,i s! ~li bca~ I:~f_-res~ from the dare thrrrof u~~til pa~d at the
~~re of n;ne per crntum pcr annu:n: e~~d all sa~d coi~s, chargcs and ea;:r~~ses irtcurred er pa~d, toyeti~rr v.nh wch ~n!a~a;t, shalf be scwred by the i~e~ of th.f
mcrtgags.
b. That (a) in ti+e event of any breach of th~s Mo.tgage or defaulr on t1w p+rt oi rhe A•.OR1G.>GOR, or ;bi ~n the event any ef sa d sums of mo~+ey
herem refe~red to be not p~omptly and fu~~y paid wnhin ~h.rty ~301 d~ys nex~ a't•.~ ehe s.~~>>e sr.e•a'~y eeco•^r d;e and pareb!e, without demand o~ nohce,
:r ;c) in the eveN each and every the stip~lano~s, a~ree:nents, cond~+ions and cevenanrs of sa d{>ron,uswy no!.r anJ th,s mu~tg„ge any or e~the~ are no1
~u'.y, pranptly and fui!y perfwmed, dscharg•:d, exet~trd, eftected, canpletrd, co~npl~ed w~th and at~d~d ~y, fhrn :n c.ther or any su.h evei~t Ihe sa:d ag
~•egate svm ment~oned in ieid promissory note tht~ ~en~a~ning unpa~d, wi~h intrrrsl acuucd, and a.i mon~ys s~~c.,~rd hereby, sha'.: ~t(Un12 due a~d pay~
eb e forthw~th, or th>reafrer, at the opr~on of sa~d MORTGAGEE, as fuily and comp!e~ely as if a~~ o{ s.,~d w~»s of mcnry wc~e ong~„a~ly st~p~:aied
to be p?~d on such d:.y, anything in sa d pro:n~sswy note or i~ this Mortgage to the contrary not,r~~hst~nd:ng; and therrur,on ar th~reafter a~ the opt~on o1
sa:d MORTGAGEE, w~ihout nonte or demand, suit at law or in eqwty, the~e(we o~ therrahe~ beyun, n~.~y be prasece,ic•d as if all moneys ~ec~red hereby
r,ad mat~red pnw to ~ts ~nst~wt~on.
7. That in :he evenr that at the beginn~ng oi or at any time pe~id:r.g any su~t upon ~fiis PJnrrqage, or to foredcse i?, or to reform it, or to enforce
paymem Of any C~ain:s he•eunder, said MORTGAGEE shall apply to the Co„r1 hav~ng ~~r~sd..t.on tnrrcot }ur Ihe ~r~antn,ent of a Rece~ver, suth Co~n shail
i:~thwith appo~nf a receiver of sa~d mortgaged p~ooe~ty a11 and sing~la~, i~uii.d~~g au a~~d s~„g~iar rt~e ~r:o~ne. F:rot:+s. ~ss.,es ar.d reren~es fro+n whatevei
sc ,~ce derived, each ar.d every of wh.ch, n be~ng expressly u~drrs~ood, is F.e~eby morigaged as if spec:faatty set fo.th and drscr~bed in ~he granring and
~~~eendum ctauses herrof, and such Receiver sha11 have aii the broad and rfiecr~ve fu.^.ct~ons a+~d puL,ers m a~yvnse entrusted 'oy a Co~~t ro a Recriver, and
s ch appointment sheU 'x made by wch Cou~t as an ad:nitted equity ar.J a matte~ of absaute r~gnt to said MORiGAGfE, and v.v:heut refe:rnce to the
~~•_a:,acy or ~naerq~aty of the va!ve of the prope~ty mortgaged or ~o the savency or ,nse.~enty of said MORIGAGGR er the de~e~~da=its, and that such
re~,rs, profits, inco:ne, ~ssues and revenues snall be appiied oy such Rece~ver ac:ord.ng to the Gen or equ~ry of sa~d MJRiGAGEE and the pracfke of such
Ccurt.
8. To du`y, prompt:y and (ully perform, dncharge, exewte, effect, compiere, comf;Iy w;fh and abide by each and every the stiau!at~ons, agrremeNS.
:onditions and covenants :n sa~d promissory nore and th:s mortgage s~•t f~rth.
9. That in the eve::r fhe ownersh~p o( the mortgaged prem~ses, or a~,y part thereof, bcco+nes vested in a perfan o~her than the MORTGAGOR, the
:•.'JRiGAGEE, irs svccessors and assiqns, may, w;rhout nc~~ce to tne ~110F?GtiOR, deal w~th svch successor or svccesso. in interest wirh reterence to th~s
o•~gage and the d_bt here6y secured in the same manr.er as w~th l.lcrtyagor w~~hout in any way vit~ating o~ d~scharging the Mor!gaqo~s' liability hert
L^der or u;~on the debt h,~~eo~ secured. No sa:e of the ~:re~~:~ses he~eby rner~g;ged ar,d no fe+uearance on ~he part o1 the ?10RiGAGLE or its successors
or ass~g~i artd r.o eaters-o^ of the t~me for the payrt~ent of the debt he~iGy sewred g~.•en by thr ~~tOR1GAGF_ or its succetsws or ass~gns, >~~ait operate
!o re~ease, d,scharge, modify change or affect the or~g~nai Gou:!ry of the ti.ORiGAGOR t~ere~rt, eiiher ~n whoie or in part.
10. h is speuf~c ~liy agreed that tlme is o~ ~he esser.ce of tlus comracr and that no waiver of any o6!:ga~.on hereur.der or of the oblgaYwn se-
c~red hereby sha:~ at any time thereaiter be held to be a wal~er of the term~ hereof w of the insirucnent seccred herby.
11. in _:i:i to tt:e fOret70 ~`7 ^.•Onth!y pay,renes of pr;~c pal and inrerest requ,r~~~ bv the prc~~- s>cry r:o-~• s:::.~rd h_+~b;. me:t~a~or eovenants
+^d aa~~es ro pay !o :^c•tgagee v~~'h each monthly f;ay,.~ent an acid:nonal wm ~~snn ared br rnorrgagez to be equai to 1. :2 of i:,e ~nn.,•a; mst of the foilow-
„•,:3.
A--i, : rca! rropr.ty !aa.s le,ned or ass~ss<,d ag3i•~st ihe abore desc•ibcd r~al eise!e.
6 r• .,"~s on f~re ar.d w~~:dsrc•m ~nsu•arce as nerem r~~q~~ red to be ca•ned en th~ :m,,rove-ne~ts s:!~ate on ti~~ abo~e d>scribed premises.
C-Vre•^w+~ s o~ s:KF~ mo: ~g=gr g~~a~anty icsura~ ce as mo~tgagee sha!1 f~o~r. ~~ne to nme dcem f~t to carry on the loan sec~r~d h:reby.
t.lort~agee stia" f~om td~n~ to ~~~te net:Ey TCf1J,gp~? Nnt~ng of the a~•'.~cro d.,~• and parahle hereund.r arid s~ch su-n shaif thereupon be d~e and
~~b;e on thr d~e care of rh> neat month:y p.,y~nent and e~ch successi~e ~ o*~th the:eaf+~r ur.t~! mcrrg~yee sha!I not!fy mo-r3.~gor ot a change in such
~ .'~~~unT. Such s~~ns sFa i be apF:~~~e~ by mo~tgay•_e roward the payment of real proµcr~y ta:es, ~nsusancr prem.ums, a~.~d mortgage guaranty msurence
r•e•niums. ~
' IN Y~ITN[~~ LVH ~0~. vhe s MORTGAGOR fias hereunto set his haad and scai the day and year first aforesaid.
4
E Signed, Sea:ed ~ .iv~l ~n t sen
g of:
f %~YL~'~'"st ~I ~u" _ ~al)
s f ' a - - - lSeal)
t ~ Z
i - - (Seal)
~ - - l5eaq
~
r :iATE OF iLQRtDA
u_
~ ;.JUNTY OF SL • LZ1C~@ ~
~ s~ro.~ m~ personally appeared ~~in Bennett~ a sing2e adult _ _ ~
~
~[to me weEl known and known to me fo be
~ ~he ind~vidwis described in and who executed the foregoing instr~men?, and acknow~edged beFore me that they ezecuted the same for the purposea
~ rh«rein eapressed. ~ _ - - -
~
~ X - -
a
~ ~'~~t•,,~
~ WITNESS my hand and ofiicial ~eal thSs_ day oi__ _ y ~i ~
~:.'iT~ ~ ~
; : x~ ~ ;
_ ~ _ ~ `I .-}x~ .
~ Notary PubGc in and (or the State o~ F~rj~_ ~w
_ ~
My Comm~ss~on expires: _ Q'- _
Rerum To: IO - l I ' ~ ~ ? a ' • y =
First Federal Savings 8 loan Associat:on ;~;~f _ 1
- (~f Furt F e +;e ~Q{~~
~ ~ #
rur~aY Pueuc, s1aiE uF Ft r;~ •
eo~r P~~~ce. F:u.~d~ MY CGMt.:;5ji0V EXPIRES ~W: '~ff 'lp ~~Q.•`~~t~:
•ONDCD THgOt~[4M iR[O W. O~Cft[L~M
~ ~Or .ti~S~l'J?ZE:
.)~;j
~ FILEO ~H~ ~ECOROEO
= This Instrument P~epared By J. D. Chastain ST.LUC~~ COUN~Y fU. ~
First Federal Savin s 8 Loan Association Rp~~P PO~~RAS ~
~ of Fort P+erce ~~oI'1d8 CIE~K C~s;~UIT COURT r
r= RECORC YER~~IEO~----- ~
Checke - - - ~ ~ I s9 PM ~ 1' Ij,
yt ~
~
~s ~
~o~x190 1556 1~$ ~
~ :
_ _.b, . _ = . r,=~-~: