HomeMy WebLinkAbout2332 ' . • ~ ,,f,>>;~:
3. To pfaa and continuo~s!y keep o~ the bu~!d~n9s now o~ he~ealter ~i~ue~s on se~d lend and on aN equip~T~ent and personaliy covered by t~i~ mortg-
sgs, with ~11 pre~nivm~ fheiron pa~d in (u~l, fns inw~enca m Ihe w~el stmrclarJ po~~cy form, in a s~m eHpro+ed bl ihe MOR~G:~GEE, s~~J w~nd?tprm ~
~nwr~nce in ~he vwd s~snd+rd pol~cy lo~m, in s wm •pprovrd by ~he MORiGAGfE, i~ fucA compmjy o~ compamei +s ~ha MQRTGAGfE may ,
dhec~p •nd ~U (ir• •nd windstorm insuranc~ poliuai or~ any of seitl bu~ld nyti. ~ny in~era~t ~horein or par~ thr~eol, i~ Ihe ay9r.,ge~r wm afare~aid w
in •xte» ther~of, ~heU contain ~h~ vawl standard n.ortUegee clausa w iuch oiha~ ctewe as ~he Mortyeyre mey requ.ro, ~~~s?~ny U~o ~o~~ u~.Jer smd poli~
des, each and sve~y, pay~b~a ~o s~id MOR1GAGfE ~s ~H interrst may ~ppear, and each and every svch pc,~.c~ ~halt l~! prO~nplly ats yntd •~~d dol~~ercd ?o
any hald by ~aid Ml7RtGAGEE ss (w~hJr srcu~ily lo ssid i»urigage debt. and, nol Ie~f ~han ~en (SO) de~s ir~ aJ.once ol thr ei{;uat~on oF each pul~cy, Io dr '
Gver to aaid MORiGAGEE a re~~ewal ~hereol, toge~he~ with e rece~p~ fw ~he pre~n~um ol iuch renr«ot; ~„d ~hr~e aha{I Le ~w t.ro or w~~~diro.+n iniu~aoc• j
p~ec~d on any ot s~~d buitd~~ry~, any intere~l fherein w pa~~ thercof, ~nl~si in the fomi e~xl wi~h ~he !uas payaL!e a? aii.:e?e~d; and m ~he weN any ~um
of money becomes payabte wxk? wch policy a poGcies ?~~d MQRTGAGEE ~ha11 have ~he o~.non eo ~cc~~~r .~nd ap~,:y ~hn se~ne on a«o.,n~ o( the ~~drb~ed-
neis iccu~sd hereby a to pernut ~a~d N1vRTGAGORS to receiYa a~xl use it w arry ~..~rt rt~.•~~~of tu. o:,~~.• ~.u,~,~s~ s. ih ~ o. p.,~.-
inQ my eQu~ty, lien w ~~ght unde~ a by virtue of Ihis nw:!yege; and in the evrn~ sa,d MORiGAGORS s~.~li !or any rra~on iail lo kcep ~he sa~d prem~~rs so
mw~ed, w I~i1 to d~liver pranplly any of said poh:irs ol inw~an<e to said MORIGAGEE, or ta~l p:omNtly to {,ey f~ity en~ ~src~uwm thcrefo~ oa ~n any
~e~~xrc1 leil fo perform, d~schurge, execute, eHra, cavp~eto, co~nyly wi~h and ab~de by th~s cuven,,n~, or •ny pa~~ ht~eof, seid lJ1L~RTG:'1GEE msy p~sce a•~A
pay (or auch insurenc~ a any part the~eo~ wi~fiou~ waivin9 w affec~iip a~y opt~on, Gen, equ~t~, o~ nght u~~Je~ w by vir~~Q of ~h~~ N~ongage, +~nd the
full a~oounl ol each and e~sry s~rch paymenl ~halt be immedietely due and payab~e a.~d •hait brar lntcr~•~t trom ~ha dato thnrcc+F unt~l p~~d a~ the ro~e oi
n~ne per eentum per annwn a~d to~rthcr vv.tb wch i~rerc+t ahel~ tx s~c~~ed by thc lit~ of th~f mo~~gaye.
1. To permit, tommil a sut(sr no waste, impairment or detrriorotion oi aaid property or any pa~t thcrcol.
S. To pay all •nd ~inyular the cosb, cha~ges and expenus, includ:ng a ~easonable atrornry's ~er and cos~s ol abti~~aa• of titte, ir~curred or pa~d at
eny time by said MORfGAGfE, betause w i~ the evem of the fa~lu~e on ~he parf oi ~he a~~d MORIGAGOR ~o du1y, pro<<~yri~ and fu~fy perfprm, docherqe
eaetute, effed, tanpl~~s, tanply w~th and ab.de by e~ch aud every ~he stip~lanoni, agrre~ucr.y, Cond:hona, and covrr~ants u~ se~d pro~~~i,sory note end ~h~•
mortg~e any or e~fhor, s~xf aa~d costs, cha~ges •nd expensrs, each and every, she~l be imma•d~etc~y due and pay~b~e; whrthe~ or no~ ~hero be nohce da
mand, •ttempt to toflect w suil pend~ng; and th~ fuil amount of cach snd evcry wch pa,n,rnt shall bear ir:~c~ev from the da~c thereof until pe~d a~ the
r.,re o~ ni~x per cenwm p~r e~inu:n; end all aa~d custs, charges and uayxi:srs ~nc~rred or pa~d, tog~thrr w~~h s:.ch Inte~e~~, aha(I be secured by the i~rn of th~t
mottpp~.
6. Thal (a) in the avenl of sny breach of this Mortgaqe or defaul? on t}.e part of the MORTGAGUR, or (bj in thr cvent any of sa:d sums of money
h~rein refened ~o FK r10f ~lJo~PNy and iully paid wirh~n th~~ty i30) dsys nc.t a'ev. the n..•.:e scve~e!iy beco~ne d.:e and pay~ble, wi~ho~t demand o~ notice,
er (c) in Ihe event each and eve~y the stipul~tions, agreements, cond,t~ons and covenanb of s~•d promi~sc~y notr anJ th~s mortgage any or e~tAer ar~ not
~uly, promp~iy sod fuUy perfonned, d.xhargcd, e~ecuted, effec~ed, compleh~d, camphed w~~h and ab~ded Sy, then in c~~her w any such eveni fhe sa~d ag
grcget~ sum mentioned in said p~o~~~issory no}e thc~ remaining unpa~d, wi~h irvr~e;t aurued, and eN moncya secu~ed hereby, sh~tl brt~+ne d~e and pay-
etrle fw~hwith, u rh~ira!tcr, at the opnon of se~d MORiGAGEE, as iufly ~~d compleie!y as il alt of ~br sa~d auma o( money wers or~ginally supulated
tc~ be pa~d on such d~y, anydhing in sa d prom~sswy note or in this Mortgagc to Ihe co~trory notwithstand:,.g; ard 1Fk~eu;~on or lhereefter at Ihe ophon of
said MORTGAGfE, withovt nonce o~ demand, su~f at !aw w in eGw1y, therefore o! therealter k~yun, may tk prosecu~ed as ~f all maneys secured hereby
ned matur~d pnw to ~ts i~st~tunon.
7. lhat in the evcnt that at the beginn~ng of or at ~ny time pending any su~~ upon ~1,is Mortgage, o~ to tweclox it, or to reform it, or fo enforce
payment of any clefms hereundc~, uid MORiGAGEE shelf apply to the Covrt hav+ng ~w~sdc}.on :nsreot for the apro~ntrrem of a Rete~ver, such Coun shall
fo:thwith appoiN a receiver of sa~d mortgaged prouerty all end sing~tar, in~Iud:ng ail and fingu~ar ~he income, proLts, iswes end revenues from whateve?
sev~ce de~ived, each snd every oi wh,ch, i~ be;ng exp~essly unde~stood, ~s hereby morryagrd as if specJ~celiy set fo.rh and deurlbed in ~he gran~ing and
ha~~.endum caauses heieol, and suth Receirer shall have aI1 the broad and efFective furxt•u~~s a~d powers in anyvv~se emrvsted by a Cowt to a Recei~e~, a~~d
s~ ch appoinrment shati be ma~e by such Cou~t as ao admitted rquity and a maner ol abso;~tr r;gh~ ?o ~a~d MORTGAGEE, arx! w~rhout reference te !hs
edeq~acy w inadequa~y of the valve of rhe p+oprrry mpr?gaged oi to the so~vency or ;nso:vency oi sa~d MORiGAGUR w the defendants, and ~hat wch
re~~~a, prof~ts, incane, issues and reve~ues shall be appi~ed by such Recriver ~ccordu~g to the :ien w equny ol sald MORTGAGEE and the practice of such
Court.
B. To duty, p~anpt!y and /~ity pQrtorm, discharga, execute, effect, complere, cc.mply with and abide by eacA and every the stipu~atio~s, agrcerrxnts,
conditions and covenanrs ~n sa~d prom~ssory note and th~s mortgage se~ fwth.
9. Thar in the ev~nt the ownersh]p ol the mortgaged prem~ses, or any part thereof, becomes vested i~ ~ person other fAan the MORTGAGpR, the
A!~")RTGAGEE, its successon and ass~yns, may, wnho~t notice to the MORTGAOR, deal wrth such successor or s~cce?sa in interrst w~~h ieference to tFis
r o+egagt and the d_b~ hereby secured in the same manner as w~ah AAort~agw w~~6out in any way vit:ating a d~xharging the Morfgagors' liab~l~ty he.r
~nder or upon the deof he~eby secuied. No sate of the prem~ses hcreby mortgaged ar.d no fo~bearance on the par~ of the MORiGAGEE or its successo~s
e. asslgns and no exrens~on of rhe ~+me for ihe paymen! of the debt he.cby secured 9~ve~ by the MJRTGAGE'_ er its succesaora or aasigns, s~~all operate
io reieax, d~xharge, mod~iy change w affeU Ihe orig~nal GauJ~ty of the N.ORiGAGOR he~ei~, erther in who~e or in part.
10. It is spec~ficat{y agreed that time is o~ the essence oi this consracr and ~hat no wei~er o} any obt;gat;on hereunder or ot the obtigation sr
cured hereby shalc a~ any time rhereatter be held to be a waiver of the te~ms hereof or of the ins~wment secured herby.
' 11. In add.hoa to rh~ forege'n_J rnonthty paym~nts of pri~c pa! and interes+ requ~red by tl~e prom,'sscry no'e secu~ed hereb~, mortgagor covenants
3-d agreea w ~ay ro mo•tg..gee v:rh each month~y pay~nent an add~nonal sum est n a~ed by mortgegee to be equal to 1.!2 oS ~h~ a~enual cost of the foiiow-
A-Ai! rea~ property fax~ tev.ed or asseucd agai•~s7 the a5~ve destri~ed reat esrate.
B- Fre~~:u :~s on f,re and w~ndsrorm insurar.ce as hereirt reqv:red to be carned en tne ~mrroveme~ts s~tuate on ti-~a above d:scribed ptemises.
C-~remiums or~ su:h morrgage guaranty ~r,surar:ce as mortgagee shaR from t me to time deem fit to carry on the ~oan secured hereby.
Mwtgagee sha'! ~~om t6ne to t~me notffy mcrtgagor m w.it;ng of the ar;,ou~t d~e and payabfe here~ndt~ and svch fv•n sha!i thereuport be due ar+d
c avable o~ the d~e oare of th~ ne~ct month;y pzyment and each auccess~ve *r.o•~:th tnereaf~er ~~,~;I mortga~ee shalf not:fy morrg3ge~ of a cha~e in such
r~~•~nt. $uch sums s~: 1~,;e applied by mortgaqee taward !he payment of real properfy taaes, insvrence p~em.ums, a~id morlgage g~aranty insuraoce
~~em~ums.
% WITNESS NHER~Of, rne M T GOR has hereunto set his hand and seal the day and year first afo.esa~d. _ ,
, Seal 'ver pr nce of: ~
~
_ ,1~.~_ti~ • .-I ~i_l~< t :[s~~t,
~ ~.~xarc~C`.-Fros ise ~~n
?yrs.~,.a ~d: ~ ts~r~
~s . ros se-
- ts~.n
S~ATE OF ~cx Virginia ~
~ SS-
cauvnr oF
e~f«~ a~~,iy a~~ _ Ed~ard C. Prosise
,~d
~[~3 L. PY`OSS3G _ h~s wife, to rtx welf k~own and knovvn to me to bs
~he ind~vidwls described in and wfw execufed the foregeo,i.rg~ Qinstrument, end acknowledged before me IAar rhey e~cetuted tiu same For the purposes ~
therein eapresled. And t}ie taid _ +~6`+~S T+• Prosise
.v~le of the ..,d _ Ed~rard C. Prosise ~ a separate a~d priwt~
etam~nat:on by me ta4rn separate and apart from her said husband, acknoaledged to and befere me thal she cxecuted said instrument ireely ~nd voluo-
ranly and w+~hout any com.pv~sion, constraint, app.ehens~oa, ot ar of or from i~er sa'rd husbend.
WITNESS my Mnd and offic~al sea! thi~ dsy of_ ~ A~1 A, D. 19 71
.
Notary Pub:ic in a iw thg~~. "
M~ Comm~ssion expires: ~ } r-• % •
Retvrn 70: Q • ~ • ~
~ fl ~
Fi~si Feder~l Savings b loan As3ociahon ~~7 ~ b • • ~
t
Of Fcurf ? trce S ~ • .L~~ d ~ _ .
. ~w.
fprt P~erce, i!or,dj " ~ • ` • ? ~ C
fS ~1~~OC~;` ~
v ~
~ ~a i
~''~Ar~Ji •....::•~~~;E~ .
7his Instrument Prepared By J. D. Chast8in ~ L' t ~
First Federal Savings b loan Association ~
of Fort Pierce~ Flo]'ida
Checked By _
~i~l ~7
. 1~~