HomeMy WebLinkAbout2400 3. To p'ace and cont~nuo~s~y keep on the bui'd~ngs noH or he~eafter snwte an s.::d ~e~~d ~nd ~~n aC rq,:Ip ~~ent and ~,erso• ."y cov~•+rd by th~s mortg•
r9e, w~~h ~tl pren,~~ms rh~•reon E•a~d ~n fu~l, fue i~ts~+a~ue ,n ~hr us~,.:~ si~~~d~rd y>o;.~ farm, ~n a s~.~„ a~.~i~.cd br ~h~ h'.:~k~:.,,.vif. d wr.,di~o~m
:nwraoce in the usual s+andard pol.cy lonrti, in a sum a~.~:ro.ed I,,r rhr MJRiGAGfE, i~~ i~.h c:. ~ pa~~y cr c.: en.rs ~s ~h_ 1; i;~t(~,AGEE may
duKt; and all }ire and w~ndirorm insurance potit.rs On any of sa~d tiu~~d.~+y~, any intcrest !heer.n o~ {a.f thr~rut. m Ihe ayg~_yee~ s.,~n aloresa~d or
in rxtess IAercof, shall comain ~he usval atm~Jard rnortg.~yte cl~~se or wch otnri ci~use as the tdo~ryi,~~•e m~~ ~rr~,..re. n~akn,g me ,css wrd.•r s.i~J No:i-
c~et, each and every. Parab(e to a.~;d ,:1JRTG4GEE as .~s ~~~t,rrast inay appear, a~~d each .,~,d e:cry t~~~h ,c~ sE•,;t be ~;ron+~n(y ass ~•..tit ~i dr.~.~~r~•d ro
eny held by asid htORIGAGEE as lwthar sctui~~y ~o s~:d n~o:tga~r cieu~, ar.d, not :~ss than t.•:i ~10: days ~d..,nce of thr e~~,v„eun o~ ~~.~cn Fo:~cy, to de-
I~ver to ~ald MORTGAGEE a ren.wol ther~of, together wrth a rece~p~ for ~he prcmwm ol such r~•~:~,r..~ d ii~rre s`~,~,i I;r ~~u f r~~ ~aa~~•:~• ~~~sv~ance
p!eced on any ol sa~d b~f~d~ngs, a~y infrtesl Ifierem or ~~art therrOf, un4•ss in the (or~n a•~d ~v,+h the lost ~~.~~oi, e os of..resa~d; and in the e~ent any sum
c1 money beconus payable under s~ch pot?cv or pol~c~ea sa~d h\l)RTGAGEk sh,U heve ~h~ o~:r,,,~ ~o ~~c~•~.~• ..~:u y i1~•~ s~:~~e on ,~c.o•..~~ of ~hr ~~~dec~~•d-
n~ss lecured hereby o~ ~o pern~it iaid MORTGAGORS to rece~ve and use it a eny ;,.~~t th•~:~vf c.. r a..,~ _s~: ._t th ,.,,~3,,,,-
~~g a~y equ~ty, Gtn O~ iight under or by virtue Of th~s mo::gage; and in the evenl sa d htO~1GAGC,~kS si~:+il .`or any ro,~s~~i fail to krep the sa~ci premiStS so
~~wr~~d. or fail to del~ve~ promptly any of aa~d poLcies ol insur.~nce to sa.d MORIGAGEE. or p~~:~,:~.rii to ~ ay }~.iy ony F,:....,;_ ~!„~..!o~ o+ ~n d..~
respect (ail to perfo~m, d~scha~ge, eaewre, e((ect, compterr, co~*~pty „~,~rh and a'u~de by th,s cov~~~~:r. o~ ~ny ~~.,~r b:n•oi, s~:d A1vRi~,~aG:t ~~~.+y p~ace a~o
pay for suCh insurante ot any part iher~of w~thout waiving or affecting any opt~on, 1,en, eq.,ny, o~ r..a~,~ ~~:dcr or bt ~~~tue of this A1or!~e~e, and tht
tui~ amovm of each and e.ery such payr,~ent shall be ~~nmed~arely due and pa,aF,~e a•~d sha~i E,,•,. ~nf.••.zt hc~n ~i~~ d.,!e rh~~roi ;,rr71 ~,,,,d at rke ra!e ol
•~;ne per c..»tum pec aroiu n ~+id to~rlh~-r wdh such ~nt~•~i•at shai~ be s~'c~r.~d by the hen o1 ih~s mo~ty~ge.
1. To permit, commit q suffer no waste, impaircnrnt w detrr~or.,t~o:~ of sa:J proNerty or any pare Ih:r~vf.
5. To pay afl and s~ng~tar the costs, charges and eaFx~nses, incud~ni] a rra;onab~r a~rorn.•y's ir•~ .,~,;i c;,sis ef .,t~u~.,ui of ~~~'e, ~r,,vn,rd or ~,a~d at `
nny time by sa~d MpRTGAGEE, bec~use a in ~he event of +ha f~.iv:e un ti,e e s.,:d hS,~kIi,AGJR ro d,.: r; an~ t~,~ ,t~,rr~:, d~sche,gr ~
part o! N, y. y ~ F,~.
. '
~.ecute, e!lecf, comylete, to~n}~ly w,~tn aud ab da by each ar.d e~r~y ti,o st~p„at.ons. agr.....,,,..,ts. co~:d;nons. and u,....,,~ns c.f s~ d F r~:,,,,s,;r y notr and rl. s ~
.,,~rrgage any or e~~her, a~~d sa d cosrs. charges and expcns~s. each a„d ev.•.y. sh~~l be ,:~,~d•,r~'•r d,a o~,d F.i;,F~;~•; v.h.. rF~:, or n;,~ fc,~•;e Fx nu~~c~ d~~ j
~~antJ, attempt ro co~iett ar suir pr~,d:ng; and the fu7! amourTt ot eech a~~d e-ery svch ~~,~,:n.~~t shoti b-~a• :nr.;res~ f~o~n ihe da!e therrul um~l pe~d a~ ~he i
~.~rr~ o' r,~ne per centu•n ~:~~r a~;n., n, .:n<.' all aaid cusfs. ciiargei and ca;;ri.scs i:~t~rrcd or p~~d. ~o~ether ,~nti auch u,.c:rst. sheil be s~•c~rad by tt~e i~rn o1 ih~f
mortgage.
6. Thst (a) in the event of any brrach af rhis Morrgage or defa~;+ on th> p.,•t of rhe 1;.OfitG.^.G;~R, or (n ihe ev~•nt any o! s.,'d sums of money
h.~rfin rcferred 10 b0 n01 prom~~tiy dni~ fyUy E~dic~ w~tlu•1 ~n.~~y ;.30: d.,,, ~icit d'i~r~ tiii` S.i~ne 5•~.c'o-iy i:h:G...,•'d.:.• an:) pdr~~~~C. ~t•~if~J~t c/cmd~~(~ Of (1ChC@.
(t1 in thr event eath and eve~y the sf~Hu!at~ons, agreements. cv•,d:~,ons a~~d coYCnants ct se d~ ro ~,;ss„r y~,o:~• a~:d ri~ c nrorrgaye any or e~thar are not
~~ly, promptly and fully ~+erfo*med, d.scharg;d, exewrcd, eifec~rd. co~„p;rted, to~np~~ed v:~eh ard at~d.,i 7r, ihzn ~n e:ther or any wch event the ia~d ag
g~egate sum memioned in sa~d promissory ncte then remain~~ig unpa~d, with intere.t accrurd, e~~d mon~~s s~cvred h~rret~y, sha;{ buu~~~e due and pay-
eb!e (o~thwith, w rhereafter, at !he opt~on of ~afd MORIGAGEE, as tully arx! compietely ,~s il ai1 of ~i,~ s~,d s~~ns of money were Or~g~na~ly s~~pulated
te be pa~d on such day, anything in sad prom~ssory note er in th~s Abrtgage to ~he ca,~~a.y not::~thst.ind :g; and ~h.•reuE~on or fhe~eefrer a~ the opnon of
sal~ MORTGAGEE, w~thouf nonce or demand, a~it at law or in eqwty, thereiere or thercafrer 6ryun, may be prosecuted as ii a!! mone~s srcv~ed hereby
nad maw~ed pr~w to ~ts instituhon.
7. That in the eve~r rhat at the beginn~ng of or at any tin,r pend~~.g any w~t upon th;s Morrg~ne, or !o forrc'ose it, or to reform it, or to eniorce
payr.~ent of any da~ms he•e~nder, said MORTGAGEE shafl apply tu ihe Court having ~u~~sd.ct.cn 7t:_v~pf Ier :hr appaniment of a Rece~~er, such Covrt sha~l
lo.thwith appo~M a rece~ver of sa~d nwrtgaged prooerty ali and s~ng~tar, indud ng o~l a~,d n~~,3~~ar ih~ inco~ne, prolrts, issues er:d rever.ues from wh~rever
s.^urce der~ved, each and every of wlr.ch, ~t be~ng expressty undersfood, is hereby mo:ryag~d r.s ~f a,ec~~ica::y srt fonh and descnbed in the grant~~~g and
nabendum davses her~of, and s~ch Rece~ver shalt have ail the brcad a~.d effecr;vc fv~xe c:s n~:d po.,ers ~n any5n,sc entri~strd by a Cou.t to a Rec~iver, and
a.,;h appointmz~it shaii be maJe by svch Co~:t as an admittcd rquity a~~d a marter of abw:~~tr r:~ht to sa~d MJRIGAGEE, and w,thwl referrr,ce to the
adeqvaCy O~ inadcquacy Of ~he vai~e of the property morTgaged or t~ the So.vency or .nio~,.ency of se~d AM1ORFGAGOR o~ the drfendants, and tha! SvCte
r~ ~rs, proi~ts, incomz, issues and revenues shail be applied by wch Rece+ver accord~ny iu the l~eri or rq~~ty of sa~d h1URiGAGEE and tne pract~ce of wch
Court. ' ~
8. To duly, prompt!y and f~Ily perfo~m, dfscharge, execute, effect, comp~ete, co~„p{y w~~h and ab~de by each and e~ery the stipviations, agreements,
;anditions and c~venar,rs m sa~d promissory note and this mortgage set forth.
9. That in the event the ownership of the mprigaged premises, or any part the~eof, betornes veste~ in a pe~3on other than the MORTGAGOR, the
'~'ORTGAGEE, ity successors and ass~gns, may, wiaF.o~,t norice to ehe .\tORTvAOR, deai w~ih such successor o. s~~uessor m mterest wirh reference to this
n~o~rgage and rhe debt hereby secured in the same m.anne~ as wnh tlurtgagor w~thout i~ any rv~y v;t,ating or d.schargmg the IAcrtyagors' liab~iity h~rr
~~~der or upon the drbt hereby sewred. No sa!e of Ihe Frem~ses h~~reby martgaged and no fc~bearance on the pan o1 the !11pR1'vAGEE ar its succesaon
o~ assigns and oo extens~on of the t~me for the payment of the debt he.eby sec~reJ given by the MOR7G~IGE~ or ;ts successws w ass:gns, a.`,all operate
~o re~ease, d~scharge, mod~fy change or afiect the orig~nal liau ;ay of the A.ORiGAGOR herein, efther in who~e or in part.
10. It is spec~flca~Iy ag.eed that time is of the esse~ce of th~s coniract and that ne waiver o( any o6:;ganon hereunder or of the obligation se-
a~red hereby shal~ at any time thereafter be he~d ro be a wa~ver of the terms hereol or of the instrvment sec~red i~erby.
11. 1~ add fb.~ fo rhe forego ~l.ry ~rwr.~h?y paym~nt5 of princ paI and inrc.est requ~red by the p~om sscry no~~~ s_:ur~•d hcrrbr, mortya~or covenants
3~ d agrees to pay to mo:tgagee ~n~sh each mcn~h!y pa~~ :ent an adJ~r,~nat sum esr ~ arcd br r:,ortga~oe to be eGua~ to i i2 of t!ie J~7nu3I ~QSi Of the follow-
,,3_
A-Aif ~eal ~:rope•ty ra.es lev.._d o- assessc:i ag ~;•,st tFr acove d.,sr;b. d r._al esrare.
B-Frrr.J:~s en f!•~• ar.d .,,u}ds~o~n~ insvra~cc .~s F~erc~n requr.~ to be ca~ned cn the .m_rpve•n~nts 5'vate on ti~, abU~e d_SCrib~d premises.
C-Premw^:a o•s wch mort, age guare~~y iryvra~ ce as mo•fgagee sha11 }~c~-, r me ro t,m~ deem ht to ca+ry on tbe loar secured hereby.
A'1ong,~ee s'• ~ `r;..., T~-,.~ ro t:•*,c no!;i; merr~s~c• ,n wr,T,r.g of the o:.•~t d.,c and p,;ab'e here~ndar and such sv sha!t th~~re~pon be due and
;+.ab.'e on 1h~ d~~~ e.'ate of tke n~•xt ~r,onth:~ pay~r,~ ~t ar.~+ eac.b svccess;~e :,n•,ih !hereafr:r u~r~: mcrtqa~ee sha`.~ no+.fy ~r.or!;sagor of a change in such
ount. Such sv~r.s s~.a ~ i_.e ap~~:ird by ~nor9ag~~e to,tia:d the aayment of rea~ property taxes. insura.~ce prem,u~ns, a.~d n,ortgage guara~ty insurance
~ _m,~ums.
!N 4"A~^;E~O '.:H.R~Of, the sa;d MORT GQR nas here~nro ser his h~nd and seai the day and year fvst a{oresa;d.
Signed, e ed ard
d jiyyted'i e sence of- ~ .
/ / ~ )j_~
r ' . .
/ I ~ ~i-_ ..:~ORDEO ~ ~v
` Witness nne e . ^er 5' , «a~~
~ - ..t~r Ft~ es . . • i ~ m
` ; tSeal)
• ' - CCERK CIRCUIt COUR _ 1 p ~ •.l 1~$`-~ "'t~ ~s~a~~
Wltness Frances L. _ p~ RECORD vERtiiED
- (Sesl)
$iATE Of?(M~~C "iichi~an ~ A111 i0 !O ~ Aa • V~~ .~t~~•~~~~n:r~,~
COUNTY OF MSCO[lIb t •i.'
`
- - 1 ,
Be(ore me personafly appeared .Tal17E'S ~4'1] 11aI~i ~ , ' ~ ~tnd
El ia_bc~th ~':1111~Ti1S _ his w~fe, to me we~ kna~vrl~d~1!'o~~ n1e~1p:be '
rhe ind~v~~ais descrlwrd in and who executed the foregoing ;nstrument, and acknow~edged oefore me that they exe~uteet the sarae.{or the purpoies ~
!herein expressrd. And the sa~d~_.__ F"~ 1Za~bet}l I!`11111J~?S :
fc of the sa~d - -~1i?IPS , :t'11 11aIi15 i - _
, - - - - - - +IPV^ a separafe ~S ~rivats
e.am~nat~on by rne ta4e~ separate and a~art fr~~ ~er said husband, acknowledged ro and before me that s~e ezecuted setd v~jy6qae~i~ ffpplx-~tl1 ~d~o~um
~ar~iy and w~thout any co~npuision, constra~nt, apprehens~on, or fear of or f:~m her said husband. - ~
-t •
~YITNE55 my hand and offiual seal this_ Z2t~1`-------- day of_,_,_ ~~'~ri) _ i9 71
i
Not y Publ~c in a~d for the State of 74bE)d7Cet Large
W Y ~ ~ r ~ ~ ~ - • ~ i : ~ ; ~ ~ . , 1W Com~n~ss~on exp~res: T .
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- . . ; ~ . _ iMIt~.Y
- fr'n'a.'ll _ .~r.~._.r_
O , r t~r ` ~ s"~ ~CAfU~ :
; ~ _~_-s; . 2 5 5 n= rtio~ trtacwr,b Co~,~y IWah. `
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This lnstrument Pre ared B . ~?ECEIYEO S-~1"_~~ IN PAYbIfM OF TAXES ;
P Y r~ . F. R rau n DJE ON CIASS 'C INTANGIBLE PERSONAL PROPERiY,
First Federal Savings 8 Loan Association
of Fort Pierce , F~ 1 o r i d:
~ PL'~SCANT TO CWIPTER 20724, ACiS Of 1911.
1'QG-R POI,'RAS, Clerfc Cirwit Court
Checked By /Z__ _ T__ as G~ent for CANIEL N. KNOWLES, :R.
St lutie Couiry Taa Co~lettot ~
9~R! ~9~ ~J~S ~y .r~ i
oEPUnr c~~cr ~
~ w ~ ~ - - i 3- ~s
Y .~y'~ . , r., Y
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