HomeMy WebLinkAbout1417 3. To p~ace and con~~nuousiy keep on +ha bu~'d~ngi now or heroaf~er s~tuate on sa~d land a~d on aC cquipment and pe~sonally tov¢?ed by thi~ mpfq~
~ge, wilh all premium• thereo~ pa:d in (ull, f~re i~~w.ance ~n ~he uswl ~ia+uJard po~~cy fcrm, in a s~~.+ approved b,r ~he h~OR~u%.GEE, and winditorm
insursnce i~ the uwal atandard pot~cy fam, in a wm appru.ad by the MORiGAGEE, fn such ca+npany er co:e~par.,es as tha AtORTG~+GEE may
dnec~; ~nd all li~e a~ul w~ndstorm insurante poGc~es a~ any o( sa~d b~~td~ngs, any in~c~est thcrei~ o~ pa~t ther~wl, in ~he agg«~ga~e sum afwetaid p j
in sxces~ thereof, shall contain ~he usual s~andad mwrgagre ciause o? wch other cl,,use as the Morigayee may ~eq~~re, ma?i~~g the ioss undr+ sa~d po1~ '
Nes, eech and every, payab!e to sa~d A10RTGAGEE as its ~~t~rest m+y +p~xa~, a~xi each and lvery •uch ~w!~Cy tfiail be promNlly ass gned and de~~vrred to
~ny held by said MORfGAGEE as f~r~hrr setw~ty to aaid n:ortgage J~b~. and, nol less than ten ~101 dars in ad.a~ue of the exp~~ot~a~ oi rach polity, 1o de-
I~ver to wd MORTGAGEE a renewa~ thereof, togethrr with a rece~pt fo~ thr premwm ol wch ~enrwa~; and +hrre sha~l be no fre o~ w~~~ds~o~m iniurance
pleted on •ny of said bvild~ngs, any inhresl thcre+n or p+rl the~eof, unleu in ~ha iorm and w~~h the ~osa payabie as atorcsaid; a~d in the event any sum
of money beconxs payable uncier svch pnGty or po~~cies said A10RiGAGEE shaN have ~Fxr opf~on ro rece~ve and ~p,!y the ~ame on accoun~ of Ihe iaxlebted-
ness secured hereby o? ro permh se~d MORIGAGORS to recrive and uu it w any i,a~~ u._•:eol ~a. o:n~: ~•vr~ :srs. ~.•~~~~u~ ~h:•, u~ wa~~~ .-r ~~„pa,r-
ing aoy equ~ty, lien or ~iyfit unde~ or by virtue of this mo~•gage; and in the evenl sa.d MJ~2TG~IGORS shalt fo~ any ~eason iail lo ktep the sa~d p~emisrs so
insured. w fail'ro delivei promplly any of said po6cirs of insurance to sa~d MORiGAGEf, or roi; pronepHy to pay fulty any prem.um therefor or in anY
respect fail to pe+foim, d~scharge, e:tcute, effecl, tort~plete, comply with •nd ab~dC by th~s covenant, u any pan htreoi, sa~d MGRTGAGEE may pisce a~.d
pay for iuch insurance or ~ny part tAereof w~thoul weiving or a(iacting any opt;on, Gen, equ:~y, cr nghf w~de~ w by v~~tue of ~his Matyage, and the
futl smount of eacb •nd e~ery such paymeM shall be immediately due and payable and shall bear intc~_s~ from tha date thereof until pmd at the ~a~e ol
mne per cen~um per ann~m aod to~rther vv~th such interest shali be setured hy the lien o1 th~s mwtgaga.
1, TO permit, commit w suf(er ~o wasle, impairment or deterrorat~on oi sa~d property or any pa~t th-_reof.
5. To psy all and singula? the costs, charges a++d eape~urs, indvd~ng a reasonab!e at~ornry's f~c and cosfs of ab;nads o( title, incurred or paid at
,ny time by sa~d 610RiGAG:E, becavse o~ in the eve~t oi ihe 1a;lure un the Ra~t of ~hr sa~d MORIGAGOR to duiy, pro~~N~iy and fuiiY p~riorm, d~scharge ~
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=:ecvfe, effett, compiete, co~nply w~th and ab:de by each and every the stip~le~:ons, agrca:n.~e~ts, condihons, and covenants of said p~om~ssory note end thii ~
nortgaye any o~ eithtr, m~d ea~d cosq, charges and expenses, each ond eve.y, sha~l be in:~RCd~at~.y dur and payo:.ie; whether ex not ~h~re i~e no~~ce d> s
rnand, attempt to cotlect or s~it pe~.d:ng; aod the ful! amount of each and every svch pa,n:rnt s6all bea. ~nn•rest Irom ~he dase thereol until paid a? the
~~~e u~ n]ru per cenfum Ftir an~~w~; a:~c oll s~~d cosis, cnarges and e,p~~rses ine~rred or pa~d, ~oy~•U~or .~nh auch ~nte~riT, Shall li0 SeCU~ed by the I~c•~l ot th~~
morfga9s. ~
6. That (e) in the e~•enf oi any Ixeach oi th7s Mo~tgage or drfauit on tiY pa•t oi ~he h'ORTG:~G~R. or ;b) in thr event any oi sa d sums oi money ~
herein fef@r~ed to be nOt pro~nptly dnd fully Faitl wuhin th;rty ~30} days ~~e~1 a`f?r tF~c 5:~"~e s~we~a'ly beto^ie d•ic and pdyab'e, witf~oW de~nend Or notKO. ~
er ~c) in the eve~t each and evcry ~he st~p~!anons, agreemenfs, ccnd~t~a~s and co~enanrs of ~a d~:tU rilliuf y r•,uir a~~d tF.,s rt~urlgage any or e~ther are not
1uly, pro~r,pdy and fulty perfonned, d scharg:-d. eRecu~ed, eifecred, so~npteted, canpi~ed w~~h and at:~u~-d 5y, then ~n e~ther oi a~ty such event the sa~d aq-
gregatr sum mentwned in sa~d pro~n~sso+y nute thzn te~nainin9 4~1~7C~d, ~vdh ~r.trre,t atuu~d, ond o~' n-~on~•ys sc.:,r~d hrreby, s'r~ail becu~:~2 due and pay ~
ao.r forthwith, or therca4ter, at the op+~on oT aa~d h10RTGAGEE, as tuilq arxl comp;r~eiy as if a~i o! tbr s.~ d w:ns of moncy wcrc ong~na~ly s~~p~:ated
to be pa:d on such day, anythi~g in se:d p.om~sso~y note or m ~hh Mortgagr to ihe co~urary nut..,~~hs~a~+d.,~g; ~~,d ~hrre~.,~~.on or ti~~reahe~ a~ the opnon of ~
said MORTGAGEE, withoul not~ce or demand, su~~ et law a in equ~ty, therFfore o~ the+r.~lter bcgun, may be prosecuted as if atl moneys secured t?ereby ~
nad maturcd pr.cr to ns insf~tuuon.
7. That in the rvent tha~ a~ the br3inr.l~g of or at any t~me pe~dfrg any su[t ~pon th~s Mo.~~aqe, w to iorettose ~t, or to relorm it, or to enforce
payrnent oi any cla~ms he~eur.der, said t.tORTGAGEE sha~l appty to the Cou~t hawng ~u~~se3,cno~ thrr~•of for the appo:NmenT of a Receiver, s~ch Court shall
forthwith appo~nt a rece~ve~ ol said mongaged prooerty a:l and s~ng~:a~, inc:~d•~g a~l and s~na~lar t1:e ir.co~~:r, pro~~ts, bsues and revenves from whate~er
::urce de~ived. exh and every of wh:ch, it be~ng e~ufessly v~deistuod: i: herc~y mo~tgage~ as ii sFec fiw~:y set forth a~d desvikxd in the g~anfi~tig and
h.acendum da~ses her4of. and such Recerver shai! have ait ~he broad and rltec~+ve tur,.i.c:zs a~~d po.ve~s an~.:~sc ~•m:usted by a Co~~t to a ReceiYer, and ~
s::h appaintmr~et s~+~~! ~~c mode by svch Ccurt as an ad.~uHrd equ~ty and a matter of absol~te r.ght to s~~:d MJRiGAGEE, a~~d w~thcut re(erence to 1he . i
ad_~quecy a modry.~ec; of tF.e vatue cf the proparty mo~tgaged or te !he sowr~xy or anso+v_ncy of sa~d MORTGAGCR or the defa~dants, und ~hat such ~
r:••~+s, prof~ts, income, nsves and revenues shaii be appi~rd oy wch Receiver acco~dmg to the l~en or equity of sa:d MOR1GAvEE and the practice of such
Court.
8. To duty, promptfy and (utly perform, d~scharge, e:ecute, efeect, complete, tompl~r w~th a~d ab~~e by esch snd every the stipuiatians, agree:nents,
co~di•ions and co~enann ~n sa•d prom:sso•y nota and th;s mortgage srt forth.
9. That in the eve-,t thc ownership of the mortgaged prem~ses, a any part thcreof, bccomes vested in a pers~n other than the MORTGAGOR, the
h1ORTGAGEE, its SutC°SSJ'S and ass~gns, may, wi~hovt noTice to the h1l?RTGAOR, dea~ w~th wch successor or successor in ~rterest with reference to th~s
~•.o~~gage and the d_•b! her.hy secured in tht same manner as w~th t.1or~3~go. w+thout in any way vit ati.^.g o~ d:schargmg the !'der~gegori Iiab~l~ty her~
u~der or upon th> d_bt h:•~ebr secured. No sa~e of the F:~e~n~ses hereby rrwrtgaged a~~d no for.~earance on the pa~t o~ ihe ~AORiGAGEE or its succeswrs
e• assigns and no eaters.u- ot the hme for the paymem o! ~he debr hereby sewred given by Ihe 110RTGAGE~ or its successors or ass.gns, s~~atl operate
ro re~ease, d.scharge, mod~fy change o~ atfect the o~ig~nal iiau:;lty of the AICATGAGOR herein, either in who!e or in pa.t.
10. It is spcc~fica~ly agreed rhat t?me is of the essenc~ of th~s contract and ~hat no wa~ver of a~y obl~ga~~o~ hereunder w of the obligatan sr
cwed hereby shalt at any time thereafter be held to be a wa~re~ of the terms hereof or of the instrumem secu~ed he~by. ~
11. In acid f~:'o r~,e fo~ege m~roh~y paym,~nts o` pn,:c ,>ai and inr~rest requ~red by the ~~rom sscry no~r sccvred he•~•6~, mortgagar eovenants
agrees to ~ay to ~^c-~g3gee .tii:h each monrh[y pa~~reeit an ati:i nonal surn ~s! ared 'b~ merty3gee to t~e equai to I 12 of t?1e annua! cest of the (o~low-
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A-A1t rea~ property t3Krs le•.+ed or assessc-J ayai~~st tn_ above desc~b_d r;a1 es~aTe. j
B-Frer..v-,s o-+ f:~e and •:+~~.dsio~~» ~nsurarce as her~m r,q~.red to be carr~•d e~i th~• ;m;:roveme:us s,'uatr or. the above d:scribed premises.
C-Pre~~w~ns o~ su:h mort~;ge 9uaranfy irtw~a~•~e as mwt~~gee shai! f:e~ tme to t~me drem fit to carry on the loan secured hereby.
Morigagee sh~ '`•o:n t~~ne to +~~ne ~~et~fy mortyagar ,n v.r~t.r.g of the a•:=ov~t due ar.d payable hereundrr ar.d such sum shak{ thcreupon be due and
;.~,abie o~ the c~~e cia!e oi ~he ne~r n:onth:~ p~y:r.ent and each sutcessive ~ronth thereal~~r ur.til morfgagee shall not;fy mortyagor of a change in such
a• ~~n!. Such su~*.s s! > :;e appi~ed by -nortgag_e rov a~d ihe paymef~t of rea! prope~ty taxes, insvrance prem.~ms, and mJrtgage guaranty inwrance ~
i :~•emiums.
~ IN \itTP~E 'l+HcQCG' +r.c sa~d MORIGAG02 has hereunto set his har.o and ieal the day and ye ~nt aforewid.
~ S~gnecl. Sealed a~d de!ivrred in the presence of: •
E ~ _ F~~eo ~Ne REC~~o~o -`ti - Q
~ _ .~u~„ ST. WCIE COUN Y f A. : 1,.,. nn„ic''" ~an
ROCER P~JITRAE " Jc,,,7 ~ ' ~ y.
~ CIERK CI~CUIT C~~~? ~ e~- 5eat)
~ - REC080 vERfFIEfl ~zi; P ,^,or,' e- cs~at) ~
` , 9 ~2 ~N'~ 1 '
~ ;raTE OF F~~6r r.~~,~~--~r:i~.
= ~ M~Y la ~
~ cauNrv o~ ~ ~ 1~rV.7lf~YS ~
~ Befwe me penonally appeared _ _ .'r"l;j.:' ~Oi.~i _ a~d
T•....~. • ''r;..
'•1-J "-~E~~~ hia wife, to me well known and knovvn to me to be
rhe ind~vidusts descr+bed in and who eaecuted the for~qoingl i:~~rurr~^t, ,~nd acknowtedged before me that they e,eecuted the same fw the purposes
.:,n1::~:
rherein expressed. And the said____ - _
k ,n,,{e of thr said - •~~i~ ~0::;~;: vpon a xparyq.iu~d pFiy~~! i
~ ~.am~natlon by me taRen separate and apart frcm her said h~soand, acknowledged to a~J before me t}~at she executed said instrument (~sely,~¢d-rdvrr
~ ~an~y and w~thout any compu~s~on, constreint, apprehens:on, oufear of or frorn her satd husband. • ,i '
~ ! •
i~VITNESS my hand and officia~ seal this__ _~l L~-_ day of J_ - 0:~~.~:.;~r
~ ~ ' ~ 1.+T? .~r ~~I 9
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- ~Notary V~bGc in and for the ate i~ara ~Y:*~ '
' 61y Comm~ssicn eap'~res: : , y V ~
Ret~m To: " ~%tt ~ ~ ~ 'i?•• 1 '
~ ~ti
f first Federal Savings i loa~ Assot~at,on Wl~~ ~~iJ1[j {M. ~.'Y(~ ~*~:0± y~j1~A
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~ • ,»~ks5?.:a f]1~1rf: , ;n ry
~ This Instrument Prepared By ~ ~ ~ / - 7
~ First Federal Savings & Loan Associefion
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~ of Fort Pierc~ , ^ ~
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~ _ ~ R 1~2 1413
~ Checked By - 100K
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