HomeMy WebLinkAbout2515 To pl~c~ •nd continvously kHp o~ Ilw buitdin9t now or Mrpita iituat~ on a~d land and on al! equipmenf ~nd p~rwnally tov~red 'oy thi~ morl¢ ;
~q~, wit6 alI pr~miums 1he~son p~id in fult, (ir~ ~ns~ranc~ in ~he uswl iund~rd poticy lorn~, in • sum ~pprovad by ~he MOR1`vAGfE, and winditwm ~
in~~rant~ in ths ~aual ~~anda~d policy form. In s wm ~pprov~d by ih~ MORTGAGEE, In ~uch campany or comp+~i~s as th~ MORTGAGfE may
directj ~nd a11 fir~ ~r~d w;ndarorrn iniur~nc~ policia an ~~y of ~aid build~n0l, ~ny intsrQ~f fhftf'rn OI pa.1 fhe,aof, in ~Fr a~rcy~r~ sum afaes~id a
fn ~:cet~ tl~awf. ~hall conrain ~M uival ~tandud r+a~yapN claus~ a such otha cl~ui~ ~s tM Matyay~e m~y ~equ~r~. maAinp ~hs Iou under ss~d po1F
ci~s, a~th ~nd ~vtry, payabOt to ~aid MORTGAGEE as it~ ime~e~1 may ~ppe~~, and e~ch and every ~uch po~icy sFall be promprly ~a qned and delive.ed ?o
•ny Mld by said MORTGAGEE ~i furtfw~ tecurity to uid matysp~ deb~, and, no~ let~ Ihan 1en (10? dayt in ad~s~cs of ~he expir~t~on of each pol~cy, ~o d«
liv~~ to ~~id MORTGAGEE s rt~ew~l lhereof, tope~hK wi1A a rsteipl fa the pr~mium ol ivch renewal; and thera shall be no f~~e or windti~am iniur~nc~
p~acsd on sny of ~id buildinys, any inter~sl tMr~in or p~rt therso}, unleu in tht form and w;th the loss piyable ai a(or~s~id; and in th~ evtnt any tuen
of moa~~y b~cwn~a payable und~+ s~.ch policy a policiN ~aid MORTGAGEE ihall h~ve ~hs oa~~on ~o reca~ve and epply ~he iame on eccount oi ~he i~ebted~
n~~i secw~d Fw~eby w 1o pe+mit f~id MORTGAGORS fo ncaiw and ut~ it Or any parl thcreof fo~ mher pu~posrs, w~thout thanb~ wa~y+n~ or unp.ir-
inp MY !'qVi1y. IiM or ri~h~ vnde~ w by virtw of thii mwtpaQe; ~nd io 1M ~v~nt sa~d MORTGAGORS shall (or any reason iail to keep the u~d prem~ie~ so
insur~d, or (all b delivK promptly any of said policies of inivrant~ to s~id MORTGAGEE, w fai~ promptty to pay lully any prQ~nlum ther~for w in ~n~
rs~pM fail ~o p~riwm, diuhu9e, •xacut~, e((~cf, compl~te, compty wirh ~nd abid~ by thi~ cove~+ant, p any psrt hereoi, said MORTG/?GEE may pl~ct and
paY fa aucb inwranc~ o~ ~nr put tMreof without w~ivinp a~ff~dinp ~ny option, lien, eq~~~y. w righ~ under w by vi~~w ol this Mortq~, ~nd ihe
full amo~nt of Nth a+d ~v~ry tuch payment 1ha11 b~ imrnediately dw and payeWs ~nd shalt bea~ interest (rom th~ date the~eof unti! paid at th~ r~l: ol
nins pn cMtum per a~num and topethei N•iih such interest shall be ~ecvrsd by tM lien of thi~ mortgaye.
To p~rmll, Wel~~n31 Of fUI~N n0 W~f/f~ 4npairm~m or dete?~o?ation of i~id property or ~ny pan thereof.
S. To pay ~1) ~nd ainpvlar tM cwts, cMrq~s ~nd e:pMSea, includinp a re+sor+abls at~wney's fee end coits oi abssracrs of title, incurred w paid N
s~y tim~ by said MORTGAGEE, b~eavse p in t!r ~v~nt of ~M failurs on ~he pan of tM said MORIGAGQR to duly, prompely a~d !v!!y pe.fwm, d~schary~,
sxecut~. effM. canpl~~s. comply w~th ind ~b;d~ by ~ach and every tM iGpul~iions, agrcemenrs. cond~~iw+s. •nd mvenanrs oi sa~d promissory note and ~h~~
mafpp~ any or ei~ha~, a~d sa~d costs, cFurp~s and exp~e?s~s, e~ch ~nd weay. shall bs immediately dve and payable: whe~her w not ~here bs ~orice da
mrnd, attempt to cotlect p wit p~odirgt ~nd tM fuU uravnt of each Md every svcA paymem shall bcar ;nterest from fhe dare thereo{ until paid st the
rate of nine pe~ centum pa amwm; ~nd all said costs, cMr9es ~nd expense~ incv~r~d w paid, ~ogether w~~h ~uch imarett, ~hall bt tecured by 1M lien of thy
^'wtyap~•
b. That (a) in the event of ~ny breach of this Matyaps o~ defaut~ on the part of the MORTGAGOR, or (b) in tM evcnt any of satd a~rns of money
hsrein ~tferred to be no~ promprly and f~lly paid within Ihirty (~0) d+ys next aire+ the aame severolly beconx due end payable, without demand w notice,
or in tFw ewnt exh +nd every Ih~ stipulatioro, a9~eemenri, conditions +nd cove~ants of sa.d prom~uo~y note and th~~ mortpa9e any p ~ithes are nol
luly. promptl~ and fvlly per(amed, d~x/»rged, exetuted, sffected, compl~ted. canplied wi~h and ab~ded tiy, then in either or any such event Ihs a«d ag
gregat~ s~m memaned in said {xomissoty note then ~emaini~g ~~paid, with interesl aarued. ~nd at~ mo~eys secured hereby, shail bctort~e due ~nd pay-
able fathwith, or tht~eafter, at the option oi said MORt!'sAGEE, ai fully and completely as i( sll of the said suma of mo~ey were ai~inally supulued
to be paid on suth day, anytAing in sa~d promiuory ooro a in this Mottyaqe 1o tM contra?y ~otwitharending; and fhereupon or thereafter a1 the option of
sa~d MORTGAGEE, without aotice w demand, suit at law w in aquity, therefore or ti~ereaiter begun, may be prosetvted s~ if all moneys secured hereby
had mat~red p~~w to its institWion.
7. TM~ in the ~vent that ~t the begi~u?ing of or ~t any tim~ pendirg any suit upon ti,is Mo.tgage, w ro fo.ectose it, a to roiwm i~, a to enfwce
payment of ~ny clsims h~reunder, s~id N10RTGAGEE sMll apply to tM Court havi~g jur~sd~ctlon ~hereof fo? the appantment of a Receive~, such Cowt shall
forthwirh appoint a ~eceiver of said mor?paged property dl ~~d sirgular, includ~ng all and iingul:: fhe income. p?o(i~s, iasues and revenuei f.om whateve~
wurce derived. each and every of whKh, it beiny expres~ly unders~ood. ii hereby matgaged as ii speu(icaUy sef fath and d~suibed in the yr~Miny ~nd
habendum clauses hereof, and such Receiver ~hall Mw all tke 6rod and efFeaive func+,ons and powen in anywise enuusted by • Court to • Receiver, •nd
such appointment thall be made by such Coun as an admitted equity and a matte~ of abwlu~e right to taid ARORTGAGEE, and wifkout reterence to tM
adequacy a inadequacy of ihe va!ue of the property mortgsged or to the w~vency or ~nsolvency ol sa~d MORrGnGOR w the detcnda~n, and that ~uch
rents, pro}ib, incane, iuves and revenues shall bt applied by ~uch Receive~ sccord~ng to the lien or puity of said lNORTGAGEE and ths prsctice of such
Court.
t. To dvly, promp~ly and fully perform, discharye, execute, effecf, complete, comply w~Ih snd ~bide by exh ~ed every tlre stipulations, sgreeme~fs,
conditioaa and covenanrs ~rt sa~d promiuory no~e and this mortyage set fath.
9. That in the event the ownership of the mortga9ed premises. a ~ny part thereo(, becomea vested in a pe~son other fhsn the MORTGAGOR, tM `
MORTGAGEE, in successw~ and auigns, msy, wifhout notice to the N10RTGAOR, deal wifh such succeua w succe~sor in interesf wirh re(ere~ce to this ~
mo~ty~e and the debt hereby secured in the ume manne~ as with Mortqagw without in any way viliati~g p d~uharging the NbrtQagors' liab+iity here- ~
undn or upon the deb~ here6y secured. No isle of the Fremises hereby mortgiged ~nd no (arbearance on the part oi ths MORiGAGEE w iri successors
or auigns ~nd no eatension of the time for the payment of the debt hereby setured Qiven by the INOQTGAGE~ or its iucceasora or assigns, shal! oper~te
to releue, d;uF»?pe, modify chsnge or ~flect the orginai li~b~l~ty of the MORiGAGOR herei~, either in whole a in part.
1
10. It is spetifically agreed ~hat time is of the euence of this contract and that no waiver of any ob6ga+ro~ here~nder a of the obliyation sa ;
cvred hereby yha11 ~t any time thereaffer be held to be a w~ive? of the tcrms hereOf p of the instrument secured herby. 1
11. In add:tio~ to the Fwego:rx~ monfhly payments of princ'pal and interest reqvired by the prom~sso~y no)e secured hereby, mortgsgor covenants ~
and agrees to pay ro mo:rgagce with each monthty paymeM an add~eional wm est~mated by mortgagee to Ix equal to 1!12 of the annual cost of the follow-
ing:
A-AI! real propeny taxes Icvied or atusud aga~nst the above dexribed reat eseate.
B-Premiums on (ire and windsrorm insurance as herein requ~red to be carried on the emprovements sisuate o~ the above describtd p~emises,
C-Premiums on such mortgage guaranty insura~~ce as mor~gagee shall fram t~me ro time deem fit to carry on the ban secured hereby.
Mwtgagee sha!1 from time to time norify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and
Fayable pn the due date of the next monthiy paymeM and each s~ccessive month thereaf?er u~til mortgagee shall norify mortgagw of a cha~e in wch
amovnt. 5uch sums sha:l be applied by martgagee toward the payment of real property taxes, insurance prem:uma, and mortgaye guaranty insur~rtcr
premiums. •
IN WIiNESS WHfRE ssid N RTGAGOR has hereunto set Fus harsd and sea) ?he day and year first aforesaid.
ipned, Sealid snd eliver d in t prese~ce ofi r
f ~EO P,fC0~0E8
• 5~.~~CtE CaUMjY fu' -~~s~~~t'~a?-~~s ~'q
aocEa Poti;a~s '
~ CIERtI C~ ~CiNT COU1~tt ~ IlitiL.
RECOR~ YER F?EO ry arro
STATE OF FLORIDA ~ ~ 2 44 ~M'~ •
~o~?~m of st , t.uc ~e ~ ~p9992
e.ra. ~»..«~.uY ,~..~d .7iaty c. Cazroll '
.~,d
Ma ry Ann Ca rrol l his wi1e, to me well known end known to me to b~
the individwis described in and who ~~xecuted ths fwpoirg instrv~nant, ~nd acknowledged before me that they exccuted the same for tiw pwposes
rherein t:qessed. Md tFw si - ~ry A1fJ1 t:8rlO21
w~re of e~. ..~a J C. Cazroll . '
exa.n;rtation by me uken sep~rate snd apart f~om her said hvsband, adc,ww~edped te ~r+d befae me that she executed said i;rtj~
urily and without any compulsan, constraint, appreheni or feu of or irom her said husband. y~.•• v~(,~~, -
WITNESS my hand ~nd official aeal this day of ` {~T j~~~~ -
. . 'Q. p - c~ ; C;: i
~ > ,
Not~ Public in and rf+p~,~~ ` _
Retum Ta. My mission ~x ' „ ~ -
NOTARY PUBL1C STATE Gi i-sLrii ` p-= ~
fint Ftderal S+vings 6 loan Aswcistion MY COAAMISSlON EXPIRES MAR. ~i ~:u,
of fora-P:~.ce. SElIERAL INSURANCE UNQERWRI ""'~04
, Fwt Pierce. Florida ~ 'v~ - ~~~~/ffff111M1~~\1~~~~ ~ i
This Instrument Prepared By RiChard K. Kayes
First Federal Savings b Loan Association
vf Fort Pierce? Flozida
C~ecked 8y ~
~a~~i~2 2!~9 ;
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