HomeMy WebLinkAbout1606 3. To place a~d cont~nuously keep on the bu~:d~n9~ now w her4afra s~rwt~ on said land and on all equip~nenl ~nd pe~so.+aliy cov~r~d by th;t matQ~
s9~, wi~h •II prem~~mi ~hereon pa~d in 1ut1, fire insuronu ~n the usu~i ~tandard pol~cy fo~m, in a ium sFpru~ed by the MOR~vAGEE, and wmdstprm
i~surance in tAe usual i~anda~d pol.cy form, in • sum approved by the MORiGAGEE, in tiuch canpany o~ compdn~e~ as ~he A10RTGAGfE may ~
d~.ect; and •It f;re and w~ncli?o~m insvrance poliues on a~y of ~a~d buiid.~ys, any inte~es~ therein u~ pa~t Ihereof, in ~he agyr~yete s~m •faese~d w
In ~xcess thereof, s?:all con~ain ~1~e usuel s~andatd mo~~g~9ee ciauss w such othe~ clause as the 1Naty~syre may rcq~~re, maA~ng ~he ~ois undrr ~a~d po1F
des, each ~od eve.Y. Parat~e ~o sa~d A~ORTGAGEE ~s ~ts in~c~eat msy ~ppeu, ~nd each a~d e.e.y ~vtA po:~,-y ahell be promptly a?s g„rd +~~d de~~vered ?o
any held by said MORIGAGEE as lunher security to ~aid mortyaye debt, and, no~ leu ~Mn ~en (10) days in adva:~ce oi the eapir~tion ol each pol~cy, to da
I~ve~ ro uid MORTGAGEE a renewal thcreo(, to~e~hsr with a rece~pi fo~ ihe premium o( wch ~enewa~; a~.d ~hzro s~att be no f,re or w~~~dieo<<n in~i;»MQ
p~xed on any of sard build+~~gs, sny inte~tst tlure~n or pan thercof, unlcss the icrm a+xl w~th ~he loss payable as a(wcsa~d; •~+d in the eveM any sum !
04 naney become~ payabte vnder s~.ch policy w polKies ssid MORTG~IGEE ~hall have ~he opr~on to ~ece~Ye and apply ~he ia~~~e on accou~it o( the i~xlebied• ~
ntss secured hpreby a W permlt said MORTGAGORS fo receive and us+ it p any part :lKreol lo, o:u~•~ pv~~~as:s, .•..tt.w,:t th u. .;r v„p.,u-
~~+y a~y pv~ty, lien or ryhl uodrr or by virtue of thi~ mo:r9a,~e; and in ~he evem w~d MORiGAGORS sAail fw any reason iail to kecp ~he sa~d premises so
insured, a fail to deliver pranptly •ny of ~aid poGc~es of insurance to sa~d MORiGAGfE, o? fait prompNy to pay fu+ly any orem,,,m rherefor or in any
rrspect lail to pe~lpm, dscharge, e~ecute, effect, tomplett, comply wi~h •nd ab~de by this covenant, or any par? harcof, se~d MGRTGAGEE may pi~ce •~~d
pay fa :uc6 insuranct w ~ny part thcreoi without waivinp w ~f(ectiny any op~~on. lieo. equlty. or righ~ under w by vi~tue o( ~his Matgage. ~nd tht
fult amount of each and evecy iuch payment shall be ~mmedi~tely due and payable snd shalt beer intere~t from tha dete tAcrcol until pa~d at the ra~e ol
mne per cenrum per annum and to~eshe. wifh such ~nte~mt shali be sec~red by the lie~ of Ih~~ mortgagt.
To permit, commit or suffe~ no waste, impairmeN w dcteriorat~on of sa~d property a any part thereof.
S. To psy a~~ ar+d singutar ihe cos?s, cha?9es and expenses, ~~cluding s rea?onable at~ancy's fee and cos~s of abstracts of t~~ie, incurred w pa~d at
any Gme by sa~d M~RiGAGEE, beca~se w i~ ~he event of the la~lwe on thc par~ of ihe sa~d MORTGAGpR ~o duly, prompr~y and fully pc~for~n, d~uharge.
execute, effea, canp;rte, comply w~th ar+d •b.de oy each and eve?y the s+~~x,ieeo~s. +grre•,~ents, condiuons, and cove~,anrs of sa~d pro:n~siay no~e a~,d in~i
mwty~pe any or e~~ht~, and sa~d cosrs, char9es and eapensei, each and every, shail be immcd~ately due and payab:e; wherhe. w nor tbe~e be nonce d~
mand, attempt to co.lect a suit pend;ng; and the full amouM of each and every such paymrm shaU bea. ~nterest from the date thereol until paid at the
~are of nine per cenwm ,~cr amwm; and a11 said cous, charyes and ex~nses ~ncurred w pald, togerfirr w~th such in~ecest, shail be secorcd by thr i~en of th~s
mortgy~.
b. Thal (a) in fhe event of any breach of thi~ MortgaQe w de(ault on ~he part of thc h10RTGAGOR. or ;b) in ~he evcnt any o( sa:d s~ms of money
herein ~eferred to be not prvnptty and lully pdid v~~~hin ~h~rty (30? da~rs nea~ air.•r ~he san,e se.e.a ~y beco~ne due and payable, wi~hout demend o~ notice,
er (c) in the event eath and every rhe stipularwns. agreements, tond~rions and covenanrs ot sa d prom~ssw y nofe and th.s mo~~gage any o~ either are ~ol
i~:y, prompdy snd fuliy performed, d•uharged, eaec~~ed, e~fected, tompleted, compf~cd w~th and ab~dcd 5y, ~hen in e~ther w any such event ~he sa~d ag
g~egate sum menfioned in sa~d F~omisswy note thtn remaining unpa~d, with interest acc:~rd, a~d au moneys secvred hereby, shail Ix•tvme due and pay-
ab;e lorihwitA, o? rherea!fer, af ~he opt~on oi sa~d MOR7GAGEE, as lully and compterely as i( all of ~he aald sums ef money were or~ginslty s~~pulafed
~o be pa d o~ s~ch day, anyM:~~g ;n sa.d p.om~sswy nore o~ in this Mortgage ~o the conrra~y no~w~~hs~and~nq: and ~hereupo~ or thereafter a~ the op~~on of
sa;d MORTGAGEE, ~rrthaut nor.ca or demand, suit at taw a in eqwty, therefwe a thereafter begu~, may be prosetuted as if all moneys zecured F~eby
nad maturcd pnot to ~ri ~nsht~t~ua
7. That in the e~ent +hat a~ the beg;n~;ng of or at sny ~ime pending any su~t upon this ~1Aortgage, w t4 fwetlase it, or to refarm il, or to enforte
payment of any c+o~ms Ae.eundr., se~d RtOR7GAGEE sha;l apply to the Courf havi~g +u~isd;ct~on lhercp} lor ~he sppo~ntmml of s Receiver, a~ch Courf shel!
ic~rhwith appo~m a r«eiver of sa~d m~rtgaged prooerty all and singuiar, includ ng atl and s~nguia~ the incomq, p~ofns, is;ues ard revenues from wha~ever
se~•ce denwed, each ard every of wh ch, it being eapressfy unde~s+ood, is h.ereby mo.tgaged as if speuf,~atEy set fwth and descnb•_~d in the granf~ng and
habend„m dauscs her bf, and such Receiver shall have ?11 the broad and effecnve funcf.ons and povvers in anyw~se enuusted by a Co~rt to a Receiv~~, and
t..h appointmt~~t shall be made by svch Court as an admittcd equity and a marter of a6solute r[ght to u~d MaRSGAGEE, snd w~tho~t re(erence lo the
adeqvacy a i~adeavxy ot ehe vaJve ot the prOperty mpngaged oi to Ihe so.vrnq o+ insoivency oi ta!d MORTGAGOR or Ihe def~ndams, and that s~ch
re~+s, p~o}rts, inco.ne, ~ssues and reveaives shail ~ apoGed by such Receiver accwd~ng to the iien u eqvity ot sa~d MORTGAGEE a~d the pract~ce of such
CouA. _
B. io duty, prompr!y and fu~~y perform, discharge, e~cecu?e, effect, co+r~lete, comply wi+h and ab~de by each and evcry the snpuiations, agreements,
cond~tions and covenanrs .n sa~d promisswy note aod this mortgage set forlh.
4. That in the event the awnersh~p of the mortgaged premises, w any part tFxreof, becomes vestcd ie a person ofher than the MORTGAGpR, the
MQRT(',AGEE, iti successors and auiqns, rtuy, wiihout nor~ce to the ttORTGAOR, dea~ w~rh :vch successw or svccessw in entereat wirh refe~ence to rhis
~o~rgsge and fhc d_bt heraby secured in the same manner as wifh Mortgagw wrthout in any way vit!ating or d~uharging the Mortgagors' Iiab~Uty he~e-
~nder w upon the de:;t heretiy secured. No safe o( the ~rem~ses hereby mo~tgaged and no farbearance on fhe part of ~he MORTGAGEE.or its successws ;
or assigns ard ~o e,+ens;on of the time fw the payme~t of the dsbt hereby sccured 9iven by the NIORTGAGE~ w iy wccessws or au+gns, a~wlt operate ~
ro ~e~ease, d~scharge, mod~fy ~,hange or afiect the orig~nal IiabJ~ty of the MORTGAGOR hcre~n, e+tner in whoie w in pa~r.
10. It ~s spec~ficaliy ag.eed that time is of the essence of fhis contract and that r,o waioe+ of any ob~~gat~on hereunder or of the obligation sr
c~red hereby shal; at anr time thereaftea be held to be a waire~ of the te~ms he?eof or o1 the instrumem secwed herby.
11. In ~~d i:.» ~o the Foreoo ng momh!y paymenta of princ pel and inferesr requ~red by the prom~ssory no!e secwcd he.eby, mortga~or covenants
e~d sgrees to ;:ay eo mo•tgagee v.~th each monthly payraent ~n add~rional sum esr.ma~ed by mwtgagee to be eq~al to 1 12 of t:~e anrwal cost o( the follow-
A-A'i rea: property ?a,~es lev~e,~', or assessed agalost thc above descri5ed ff-dI es~ate.
8- F_:~ ~~s on t,re and v~~ndstorm ]ns~rarce as here~n requ~red to be camc-~ on the :mYrovements s:tuate on the above described premises.
C-Pre,~~u~• s on sLCh mortgage g~arant~ ~r.svra~,ce as mortgagee shail irom f ine to n+ne deem (~t fo carry on the Ioan sewred hereby_ %
M,ongagee s^.-': f~cm t,-ne to t~.Te nonfy mcngagor ~n w~ft~ng of the a~ou~+ dve and payab!e hereundrr and such sum shait thereupon be due ~nd ~
i a.abfe on thr d;~e da!e of the nent month:y payment and each svctessive month th~reaft_r ur.til mcrtgagee shall Rot;fy mortyagor ot a change in auth ;
a~-~~~nt. $ucfi su:ns s~a~l 5e api~`~ed by m~rigagee toward trte payment o~ real property ta~ces, insurante prem.ums, a~id mortgagz yuaranty inswante
4'emiums.
IN WtTNESS '::H*_REOF me sa~d MORiGAGOR has hereunto set his hand and seal the day a ear ir (w
Signed, Seated anc~ deii ed in the presence of:
/ ~ F tED eh~ RECORQED .e~ ~ry ~
S~.IUCIE GOUMTr FIA.
- - ROCEa f01TRAS / ,p
_ . CLERK C:i;CU1T COURT ?
RECOR~ '~F~.~FIED~.,..,~.~ lseaq
~1)
~ TA7E OF FLORIDA MAY Z Q{~ ~~1 {
couvrr oF S2. L(!CIE ~ ss. ~'t~pWa~
W.7
6efwe me personatly appeared Charles R. Tho~aas
_ Elisabeth A. ~IOIpaS his w~ie, to me well known and known to me to be
rhe ~nd~v~d~ata descr~t~ed i~ and who executed the iwegoiny insirument, and acknowtedged beFore me tha~ they executed the same !or tF~e pv~pases
rherein expressed. And the :d~d_ Elisabeth A Thomas
.+~~fe of the sa;d CtI8r1eS R. T~101Ya8 _ upon a xparite and p~iwte
e=am~nat~o~ by me ta~en separate and apart from her said husband, atknowledged to and before me that she executed said in~trument freely and volurr
taniy and wnhout sny computsiw~, canstroint, apprehe~s~on, or fesr of or from her said husband.
WITNf55 my hand and offic~al seal th~s- ~ 7~~ day of ~'~dY . A. D. 19 71 ~
- -ri~.<..~---~7 ~L~~z~
Norary P~blic ~n ~nd for fhe Sri~e of Florid• at larye ~
My Commasion expires: }
Retvm TO: ~~~~~~nN~~~~b~, pOTARr 1'UBLlC~ SfATE pF 3
Fi~at Feder~! Sa~~ngs b loan Assoclet.on ~ I_ M~ C7MMIS~lON AT lARIiE ~
Os F~~r v..ce .~C~', t~~ ~{l~ ~11A1) fA~DR~ OIESiELi1~ 1~
Fart D~e~;e, f;w~da - ~ ~
C~
~ j ' : _
This Instrument Prepared By John k. ~~1-j~f .
First Federal Savin s~ Loan Association ~ '
9 • '~/y~'••.....
of Fort Pierce~ Flolida 1, '
,
Checked By
eooK ~92 ~6~
~~__b ~ . ti ~ ~ _ ~ _
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