HomeMy WebLinkAbout2139 J. To ptac~ •nd conti~uously kcep on ?M buifdinq~ now a here~iqr u~uaN on ~aid land and o~ all eq~ip~ne~1 ~nd personally cover~d by Ihif ma~¢
p~, witA ~II prtmiums therean ps~d in fult, lire insurance in the wual itanda~d po~~ty (o~m, in a wm •ppwved by Ihe MURiGAGEf, and wind~twm
iniuranc~ i~ tM usu~l sundard pol~cy fam, i~ • sum approvad by ih~ MORiGAGEE, in ~uch canpany o~ con+pan~e~ as ?h~ MORiGAGEE may
direc~: and all fi~e and w~nd~torm iasuranc~ polic~es on ~ny ol sa~d build~nys, ~ny in~eres~ therein o~ p~r~ ~he~eot, ir~ the aggregs~e sum alaes~id w
in ~au+s thereof, fhall cootai~ Ihe usual standaid mortyaqee cl~us~ w such o~hc~ c~suss ~M Mor~y+~ee m+Y roqwro, ma?inp ~he Iest under sa~d polr
c~es, esch ~nd svery, payable 1o faid h10RTGAGEE as ~4 inleresl may ~ppe+r, •nd each and every •uch po~~cy ~hall b~ promp~ly aia qned and de~ivercd ~o
•ny held by said MORfGAGEE •s (urther security to ~sid mwtpage debt, and, not less IMn ~en (10) days in advance of the expirst~on ol each pofity, to dr
I~ve~ fo said MORIGAGEE a renewaf thercof, tope?her with a receipt for 1he p~emwm oi such renewal; a~.d ~here shall be ra f~re or w~~~ds~orm i~surance
pl~ced on ~~y of said bwldinys, +ny inte~ei~ ~here~n w part fhereof, unleis in th! lo~m and w~th ~he loss peyable as aioresaid; +nd i~~~ e evenl any ium
oi mon~y becomes payable ~~+Jer ~uch policy w po~~cies uid MORTGAGEE s~all have ~he opt~on eo receiYa ar~d apply the u~~~e on accou~.~ ol the i~debtrd•
ness secu~ed hacby a ro permil s~id MORTGAGORS ?o ?ete~ve and uss it w•ny p.vt ~hc+rof lor orh•~r N~r~.osrs, w~~hout ih_~~u~ ~.-o~.~ c~ ~•~~pa~*-
ing any pu~ty, lien a r:yht under or by vi~tu~ of thi• mo:tyage; and in the eve~~ u.d MORiGAGORS shall (w any reaso~ tsil to kcep ~he sa~d premisri so
insured, w f~il fo deliver promplly ~ny of said pol~c+e~ of in~uronc~ to said MORTGA~'iEE. w 1a~~ promptly to pey tu11y any pre~n~~~n therefw or in any
re~petl tail Io perfwm, discharge, execute, el(ecl, completa, comply with end ab~de by Ihis covenan~, o~ eny par~ hereo}, said MORiGAGfE may plsce a~~tl
pay fa such in~uranc~ w•ny part thereol without weiviny w a(iectiny any option, lien, cqu~ty, o? right under or by virtue of this Mortgaye, and tht
1~II ~mouM of each +nd •very such payme~t shall be immcdiately d~e and payab!e and ahail bear inter.st from ~ha dste ~hereof antil pa~d at the rate ol ~
nine per centum per annum end fo~rthe~ wilh fuch interest shell be srcurcd by the lien oi thia mwtgage. ~
1. To permit, commit or suffet no waste, impairment w dcterioration of said prope~ty or any part theroof.
5. To pay a!I and ti~ular tha costs, cMrge~ ~nd expenses, fncludinp a~easonable ar~orney's fee and costt oi abs?ract• of ti~te, incuned or paid at
eny time by ssid MORiGAGEE, betause or in ths eveM of Ihe fe~lure on ~he parl oF the said MORiGAGOR to duty, promp~ly a~d fvlly perform, d~scharqe.
exccute, ei(eU, complctR canply wdh and ab:de by each and every the st~pul~hoas, ag~eemenfs, cond~hons, and covenams o( sa~d pronuuory note a~+d thh
mortgaye any w either, and sa~d cosb, thar9es •~d e:penses, eath and every, shail be immrdm~rly due and payable; whr~her w not there be no~~ce da
mand, attempt to collett or suit pending; and the full amounl oF each end every such payment ~hall bea. inrerest from the date thereof until paid ~t the
rate o~ nine ~xr centum per •nnurn; and all said coaq, charges and ew~nses incurrcd w pe1d, logether w~~h such ~roere~l, thail be secured by the I~en of thi~
mwt9a~~.
6. That (s) i~ the event of any breach of thii AAortya9e a defau~t on the pa~t ai the MORiGAGOR, w;b) in the eve~t any of sa:d sums of money
herein refer~ed to be no1 promptiy and lully paid within th~rty (30i days neat aitcr the sa+~~e scve~a'iy beco+»e due and payal:le, withovt demand or notite,
or (c) in !he event es<h and every the sfipulations, agreemeNS, cood~tio~s and covenanrs of sa d p:om~ssory no~e and tA~s mo~tgage any or eithcr are not
~~ly, prpnptly and fully performed, d:xharged, executed, etiected, cwnpleted, compi~ed w~rh and au~ded Sy, then in either o~ any such event ~he sa~d ap~
grtgat~ sum mentioned in said p~omiuory note then remaming unpa~d, with infercst aurued, and ai~ ~»oneys sec~r~! hereby, ~hall brcome due and pay- j
ab+e forthwith, or thereatter, at the opt:on o1 seid MORTGAGEE, as fully •nd complefefy as if eil of thr sa~d aums oS money were.ongmslly st~pvated
to be pa~d on such dsy, a~yth+ng in sa;d promisswy note a in this Mortgage to the contrary notwi~hsta~~d~ng: and tfiereupon w thereahe? at the ophon of
sa~d MORTGAGEE, w~thout notice w demand, suit st lew or in eqvity, there(ae w thereal~er begun, may be prosecuted as if all ~noneys secured F?e~eby
~ad matured pr~0f f0 ~ts instilutMn.
7. That in the event thst at the beginning of p ~t any time pending any suit upon this Mo~tqage, w to lweclose it, or to ?e(orm it, w to enface
payrrtent of any claims hereunder, said ARORTGAGEE ah~ll apply to the Cou~t havi~g ~w~sd~cf~o~ fhe~~rof for ~he appo~ntment of a Receiver, tuch Courf shal~
forthwith appoinl a receiver of said mortyayed property all ~nd singuiar, includ~ng a11 a.xi s~n~~lar tF~e inccme, prol+ts, iasves and reven~res from whateve~
se~rce de~ived, each and every of whkh, ir beiny expressly ~rxlersrood, is herrby mortgaged as if speu~icalty set forth and described in the gronring ~nd
habendvm clauses herrof, and s~ch Receiver thal{ have a11 tF~e broad an~ e~echve fur.cr.ons dnd pOwtrS in anyw~se entrusted by a Cou~~ to a Rec~iver, and
t.ch appointmen! ahall be made by suc~ Court as an admitted eqvity and a matter of abso!ute rigM fo said MORTGAGEE, and witho~t ~e(erence to the
adequacy o~ inadequacy of the va!ue of the property mat~aged or ~o the so:vnncy or ~nsoivency o1 sa~d MORiGAGQR a the defe.edants, and that such
re~~s, profits, incwne, iss~es and revenues sMll be applied b~ sv=h Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such
Court.
8. To duty, promptly and fvlly perform, discharge, execute, eftcct, complete, comply w+th and abide by each snd every the stipulations, sg~eements,
conditio~s and coverunts m sa~d promissay note and this mortgage tet fw~h.
9. That in the event the ownership of the mortgafled premises, or eny part thereof, becomes vested in a pe~sw~ other than the MORTGAGOR, tM
MORiGAGEE. its successws and +ss~gns, may, w~thaut notice to the MORTGAOR, deat w~th s~ch succeuu w successor in interest w~~h relerence to this
mo•tgage and the deot hereby setur~d in the same manner as with. Mortgagor w~thout in any way vit.at~nq or d~xha~g~rg the Mortgagors' liability hert
u~der or uFwn the d-bt hereby secured_ No sale of the prem~ses hereby mortgaged ar.d no iorbearance on tfx part of the /AORTGAGEE or its succes~ors ~
or assigns and no extension of the time fw tFx payment of the debt hereby secured given by the MORTGAGE'_ or its successws or assig~s, shall oparate
ro releau, d:schar~e, mod~fy change w affect the orig;nal liab~lity of the MARTGAGOR lure~n, ei~lxr in whole or in part.
10. It is spec~ficatly ag.ced that time is of the esxnce of thi~ contract and that no waiver of any ob::gat~on hereunder or of the obli9ation sr
cured F~eby shalf at eny time therealter be held to be a warver of the terms hereof p of the instrument srcured herby. _
11. In add,r~on to the forego:nq montMy payments of princ pal and imerest required by the prom,ssory note secored hereby, mortgagor covenants
and agrees to pay to mo:tgager with Pach monrhly pay~nent an add~~io~al sum esrn:area by mortgagee to be equal to 1;' 12 of thr annuat cost of the foflow-
~ng:
; A-All real property taxes Iev~ed o~ assessed aga7•.st thc above described real estate.
B-Pre~n~~ms on fire and windsrorm insurance as herein ~equ:red to be carr~ed ~n the improvements s:tvate o~ the above drscribed premises.
C-Premiums on such mortgage guaranty inwrar.ce as mort9agee sha~l from r~me to time deem fit to carry on the ban secured hereby.
E Mortgagee sha:l from time to tim~ notify mortyagor m writing of the amou~t due and payablt hercundar and such surn shal! thereupon be due and
F F avable on the due dare of the next monthly payment and each successive month thercaftcr ur.ril mcrtgagee shall not:fy mortgago~ of a change in such
~ a^~ovnt. Such sums aha'I tx applied by mortgagee towerd the payment of real property taxes, insvrance prem:ums, and mwtgage guaroMy insurance
k c:remium3.
F
~ IN WITNE~S WHER~Of, tne sa~d MORiGAGOR has hereunto set his har.d and seal the day and year 'nt alore aid.
S ned,j~ ed ~dp ~vcred in the t~ nce of: l~
~ _;~~~ct~.(~~ jt~
s-~ Y L- FIlEO ANO RECORpEp ~ S~ ,4
ST.IUCIE COUNTr ilA. Buell L. ro~rn Sr.
r - ROCER POtTRAi
' CLERK CtRCUIT COURT r~~ ,s$ - ~ (~~+4
~ - RECORO vfR~FIEO~ Clara V. Brown
tse.n
~ STATE OF FIORIDA 1 ID 3~ ~'T I ~(~~+Q ,
~ COUNTY OF ~t . Id1C le # N~/ • V V V
~ Buell L Brown,
~ defore me penonally aQ~ ared • $r• and
~ C1~I'a v. BrOLln ' his w+fe, to me well known and known to me to b~
~ the ineiividwls desvibed in ~nd who executed the forepoiny inslr~~
nO~ acknowiedged before me that they executed the same tor tha purposes
~ilaT'd v.
~ rherein expressed. And the sai _ _
t ~,iie of the ssid ll@ . O~'[l~ I'. _ pr~wt~
, upon a xp~rate snd
- e¦amination by me take~ separate and apart from her said husband, scknowledged to and before me that she eaetuted said instrumem freeiy and volun-
tanly and without any compulsion, conslraiN, spprehens+on, ot fesa of o~ from her said husband.
~ WITNESS my hand and offic~al seal tF~ii day o+ _ A ril ` A. D. 19 71
- - i
' tary Gc in a w the Stat• of Fbrida at tuye
~ ~
i My Comm~ssion e ires:
y~
~ Retum To:
c, P ~ ~
First Feder+l Savings 8 Loart Associat~on ~y~~ er o•" .',;ie .l Da A? L_
Of Fo~t P erce. , , . ~Y~~ i , •.,i ? . 7y
fwt P+erca Flwida •~•ti~• • • • _ P''~S{~~ ~'l;~'r. ~i
,7 . ` - .
~t = t-'t •,=,:tµ4Y~~.
m 'loTaR:y
rif
i N :
This Instrument Prepared By J. D. Chastaln • '
~ r
" First Federal Savings ~ loan Association . p~; Q L~G.;
of Fort Pierce ~ lo1'ida . .
~ ' ~ .
~ Checked 6y - ~ ~ F~'-' ~
= g~~Kl9~. 2~.34 l~S
R~
~ - _
S I `yS y.
I I~ae
~~r.,v,_ . . - - : E:'