HomeMy WebLinkAbout0204 3. To pt:ce and conrin~ou=!y kcep on tA~ b~~'d~ngs now w h,reafter ~~~wre on sa~d isnd and on ali equ~wnent and personi;iy co.ered by th;~ ~+a~g-
W~, w~~h :11 prem~um~ ~F.r~eo~ ya.d m t~~t, 1~re i•ts~rance ~n ~ha us,at s'a~vard ya'~c~ form, in a:u:n ap~o~ed br e?+c A!JR~~+ASC_, a~~d w~:~s~u~!*
~~wrauce in ~he uswl a~a~~da.d ~a:.cy fa~n, in a sum uppro~ed bv the MpRiGAUFE, in such co~npany or ton~y~an~es as the A~ORiC,AGEE msy
dhet~; and all li~e r~~d w~ndsw~m i~w•ance ~i~c.rs o~ +nv of sa~d ou~!d~ngs, any intcroa~ ~A:~e~n or y~rt thrrcoL ;n ~he aggr~ys+_ s~:~ atwe+a~d a
in eatess ~her~of, ~h.ii :onra~n rt:e uswl standa~d .no:eg~g~ uauae w iuch o~hrr cl~~ie as ehe Mo+~yagee may roqu~ro, ma\~ng N3r io?t vnd.v s.,•d poli-
c~ra, eacA and every, perab!a ro aa~d ASOFTGAGFE as ~ts ~roer.~~ may ap~xar, and eacA ond eve~y such pa~cy sha:l br piompuy asi g~.~d a~~d de.~werrd ro
~ny F~td by sa~d htORiGAGEE as iwrher srcwity w said mor~gege d~br, and, w~ lass ~han ~en ~101 diys ~n ad~a~xe ot ?hr e,N~roua. of each pot~c;, to da•
Intr Io said MORiGAGEE a re~xwal Ihereoi, to9ether wi~h a rrce~pt fo~ the pae~~+um of s~ch ren~•,v~i; and there shail be ra f~re o~ ~+.~~.dvo~~n ~~~sura~ce
p~ace~i oa any of sa~d bv~td.ngs, any ~nter~s? ~kere~n a pa~~ therrof, un!rsa in ~As form and w~+h the ;oaa Pdy.1GI! as afc~eso~d; a~~d i~ tl~e e.ent any s..m
of mw~ey b~cares payeble unJe~ w:h polEcy o~ polK~es sa:d MORTGAGEE sh.~ll h~ve ~he op~.w~ ro rrc~~ve snd apy!y thr w~ne an acco~•v ot the ~~~ei~b<<d•
ness secvrec+ hereby o+ ~o pc~m;t aa~o MOETGAGORS ro recrive and us~ it or any par~ ~h~:~~of r~• o:n• r~.~r;.os.~s, ..:~~:~.,t ~h-.,n: ~r
ing any eqvay, Gen or r{gh~ unde~ a by vir~us of ~his n~o:tgage; and ]n ~i~e evrn~ sa d n11pRTGaGORS sha!1 !or ~ny reason fail to kr~•p ~hc sa~J prem;srs so
~n~urcd, w fail to de:iver ptpln~~Tty any o( sa~d Ew1~c~ra of i.~w~ante to sa;d MORiGAGFE, or lo~! F,:umptty to pay fu:~y any i~'r~+~r~in s~,<~.:tor or an~
rzs}e:t '~ic ta ;.cv!or^'1, C4:ny~~l. !%CCV~~, l~~~1, [On~p1e1C, CO1'•¢Iy wi~h a:~d a5~de by th s Covt~~ ~nt, P' a~y parr h~•reof, s.+~d MuRi~,:.G:E n,sy p~acr a~o
pay fw such iniurance or any par~ ~hereof wnhou~ wa~v~ng o. affecti~g any op:ton, lie~, equ~ty, or .~~he u~,dr. o~ by v;~tue o? rh~s •L1o~!ga;~e, a~d the
t~!! amaunt o! racA and e.ery such payn~e»~ shalt be ~mmediatety due and payabte and sha6 br;r ;nter~s= from thc da~e ~hcreof unfil pa:d a~ rhe raee ol
nu:e per .entum ~;er annu.n aud to~rther w~~aA such ~ntrnst sha~~ tx~ s~•cv~ed by 1M lien o1 th~a mortgaga.
J. io {xrmit, commit ot suffer np waste, impairmtnt ot dcteriorat~on o! said property or any par! /herrof.
5. To pay alt and siny~lar ~h± costs, charges aixi exFxnsrs. ~ndud~~ig a reasanab!e atewney's fee and tosrs o! abstracra of rIi!e, inc~~red or pa~d at
~ny time by ta~d MORIGAGEE, because a~n the eve~t of the 1a:lure un ihe par~ 01 tF.e said A10RiGACspR to du:y, pro~.+,~tty and fuii/ perform, d~xnarge
a=ecute, effect, canpte~e, co~p~y w~th and ab:dr by each and eve~y the s~~p~~ae~ons, ayreen~cr~rs. co~~d~rw~~s, and covrnanrs of so~d ~rwn~ssory nore a~,d rh:~
.•orrgage any or e~rher, and sa.d costs, <haiges and c:pen~es, esth and e~e~y. sha11 tx ~~n~-~~d~anty due and payab'e; whaher or not fhrre br ncT,ce de
m~nd, attempt ro col~¢~t or suit prnd:ng; and the fvlf amount of each and e~ery s~,ch payn•em sliail bea. ~nferrsr from the dat~ tF,ereof unril paid tt the
o; ~une per cr~tum E•~r a~i~w:»; and aft sa~d costs, charges ano ~xprnsrs mcv~ret! or pa~d, togrther w,~h s~ch ~nternst, sholl be sxurrd by the Len of th.s
mortgsge.
6_ That (a) in the event of any breach of thi~ Alortgage w default on the part of the :'LtORTGAGOR, or ~b) in th- event a~y of sa'd sums o~ money
F~ere~n ~efe~~ed to br not pr.;~~,yr:y and f~lly pa~d wnh~n th:rty 13Q7 d+ys orx~ arn_r :nr s~:ne sever,~ ;y teco-~,e due .~'fd pd/ab!~, w~~hovt demand o~ notice,
ar (c) ;n the event eacit and every ihe stipula~ims, agreements. co~~J~i~o+~s and covenants of sa.d p~o~:~sso~y nose a~x! th.s mortgage any o~ eahrr are ~ol
;~t~, pramYNy an~ fulty pe~formed, d ichargtd, executed, eifc, ed, compieted, compi.ed w~fh and ab~drd Sy, then in e:ther w any sucA event ~he sa~d ag-
yregate sum ment~w.ed in aa~3 Nron,~ssory note shan rema'~n',.~g un~:a~d, wi~h intr.e,t ac:~urd, and a~l moners sec~red hereb~•, snall becorre due and pay-
ab.r fo~thwith, a thereafrer, at ~he op~~on of sa~d MOR'GAGEE, as tuily a~c comp!r~e~y as ~i ail of ~hr said sums of money wert or~g~na~ly s~~pu:ated
~o be pa:d on wch dty_ anything ~n sa.d pro:nlsswy note or in this Morrgage to ehe co+ivary not.~;thstand~ng; and tF~r.upon or lhereaftN at the opt~o~+ of
sa d MORiGAGEc, w~~hout no+;ce w de:na~r,l, suit a~ law or in ~qu~ry, therefore or therraSter ~g~o, may be prosecuted as ~f all moneys ~ecured hereby
nad -natured pnw to .ts inst~tuhon.
7. ihat in ~he event thaf at the Mginn~ng of w ~f any nme pendeng a~y su~t upan rn~s Mwtgage, or to f~,rKlose it, o? to refam it, or to enforce
p~yment of any cia;ms here~nder, said MORTGAGEE shafl appty to the Coun hav~ng ~~f~sd.a,on tne~rof for ihe appomtntent of a Rece~v~r, such Covf shail
fc~fhwith appo~nt a rece~vr~ of s~~d mortqacJ~d piooe~ty all and singu~ar, inciud.ng a:t and s~ngu!ar the income, prof~ts, issves and reve~~es f~om whatever
scwce d.rr~ved. each and e.•ery of wh~ch, ~r tx,:~g exp~ess'y unders~ood, ~s herfby morrga~rd as if spec~ficaL'y set forfh and descnbed in the Qrann~u~ ard
heoendum ua~ses herrof, a~~d suth Rece~ve~ sha11 have ail fh. broad and effecf~ve f~ncf.ons and po.,ers i~ anyw~se entr~stcd by a Cou.t ro a Recriver, e,:d
ch appoinrment aha11 t.e made by such Co~,rt aa an ad~~.ftred cqurty and a ma~re~ oE a~so:urr r~ght to sa~d MORJGAGEE, and w~thou~ referer~ce ro the
edeqwcy w inadrq~ac/ of th~ vat~e of ~he property mprtgagea-! or to the so~vency ur ~mo~rt~ty of sa~d MOR+GAGOR or the drfzndants, and that such
r~•-,rs, profits, income. ~ss~es and revenues sh~u be apptied by such Recr~ver accord.ng io the Gen or rq~ity of said M~RiGAtiEE and the pract.ce of such
Court.
8. To duly, pr.;mpt'y and (ully p~rfwm, d;s:tiarge, exxute, effect, complete, comply w~th and abide by each and every th~ stipu'.ations, ag•eements, :
;onditiona and covenants m u~d pra~n~ssory note a:+d th~s matgage set fwth.
9. That in ehe e.~^nt the ownersF~p o1 tha mortgaged prem~scs. w any part thereof. becom~s vestc~ in a person othrr t:~an the ARORTGAGOR, fhe
A'.~RIGAGEE, ns succrsso.s and asslgns, may, w~:ho~t not~ce to th. ~tpRTGAUR, deal w:~h i~ch succ~ssw or :uccessw io ~nterest w:~h reference t~ th~a
~*'o~rg~ye and the debt Aereby secured in the sarm manner as with IdcrtgagC: wiihout i~ any wa~ vitiating pr d,scharo~nq the lJlo~tgageri tiab~tity FKro-
::^der or upon the deb+ h~~reby secu~eci_ No sete of ihe Frerr~ses hereby mortgaged and no forbearance or+ the pan of rhe /AC1RiGAGEE or its wcceasors
e• a:s~gns ar.d no eatzns:on of the ~ime fa ihe payment of the de5f h~.eby secured g~~en by ~he MORiGAGE~ o~ ~ts successors or ass~gna, a:~all operate
~o release, d~uhar~e, mod~fy ~hange w affect the o.ig~nal I+sul;ty of ~he htORTGAGOR here+n, either in whote or in pa~t.
10. It fs spec~fica4y agreed ~har tiv+e ia of the esse~ce oi th~s conrracr and ehat no waivcv of any ob~;ga+:on hereunder oi of thb ubiigation se-
c~red hereby sha'~ at an~ time tF.erea+~er be he:d to be a wa~rer of the terms Ae~eoi or of tFK inssr~nem secu+cd herby_
I1. In ~dd tio~ to the fere.yc ng mon:h'y payments of p: i~c ~al and irreres+ requ~red by the prom sscry ~o~e scwrrd herebr, mortyag~r covenam.s
d agr~~¢s to r~ay ro r,ortgagee w.th each r.~er.zh ~ F.ayr;ent art a:1d •~onai surn cs! ~•~ated bj mortg3gee to he equai ro i S2 of ihe ancua! cos: of the foiiow-
A-,>!I r~a' p+operty taYas le~:~ec'. or assesseci ag~i^st thc above desc~~b_d reai es!a•e. ~
6-Pr ~nc:.,ns o~ f.re ar,d n{r.dSTO•^i :^ivarc2 a5 here+n rcv;u:red to be carr;ed c~~ the ~m,.rove-ne:~rs s:tva!r o~ the above descnbed premises
G-P:e~niams on such martgage g~a~anty ;r.su~ar.ce as mortgagee shail fro+c rme ro ti•~r deem fit to carry on the :oart secured here~y.
Mo~!~agee s~s l''c:r, n:•:r to f,Ye ncriiy mc~tyager ~n wr,Lny of :he a~ro~•~t d~~•= ar.d pa~able hereundt~ and s~th sc'n sha:! thereupon be due and
.~.able on ~hr cl~e d.+rz of tn•_ r.e~t ~nth:~ paym,~it and each sxcess~.e n~o~+h th::reafia. u~.til mortgagee sh~!! ~oi:fy mortgagor of a change in svcn
ount. $uch swtis s! e+e app'i.~d "e~ rnortgag~-e ~o~..a~d ~he payme~t o~ rea: pro~rr! ta,ces, ~nwrante piem.un~s, and mo~tgage guaranty insurance
-e~^iums. .
{N ~•11TriF~~ :':HER,Cf tne s~d MO~TGAGOA has here~nto ser his har.d and seal rhe day r+d year fint aforesa~d. ~
Signed, $ea:ed and de•.ivered in ~he presenc\of:
1 ' ---(Seaf)
~ , ~ ~ 1..~:..._ - 011 O
" {Seal)
- ~ 1 ..f~ " i G
cs~an
,
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S~%+TE OF fLORIDA ~
~JUYTY OF St. L.LC~@_ ~ .
Before me personaNy appeared Marion J. SCOt=
and ~
` V~{tra P~ $COtt his wife, to me weit known and known fo me to bt ~
tfe ind,v~dusls descr;bed in and who e~ecuted the f«egang insuvment, and acknaw:edged LcEore me that they exccuted the same for the purposes
•F:rrein .:pressed. And ~Sx said--------_- V~Id P~ 5(,`Ott
N~fe of the H~~ _ i~tarion J y $GOtt t
u~wn a sepa.~te ~nd p.~wre
e•am;nat~on by me taicn separate and apart from her sa~d h~sband, atknow(edged !o arK+ before me that she executed sa~d instrument keely ~nd votum
ran~y and a,;r?~,.f any comnu:s.on, constrs~rn, apprehe~a,on, or fear of w irom her sai h sband. ~
`.1:
WITNESi my narxl rnd offic;al xal fh;s_ day of~___ ~y_ ` D. 19 71
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tiotary Publit in ar.d i the Slate sf F~q~ids ~t latpe
!dy Comm~ss~on e~p~res:
Re+um Io:
c~-~,
First Federa) Savings 3 loan Assodat,on .y! ~ ~ - =
~FL ~ ~np R~ ~ • ~
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Of c~•r P~.~o Gch~..A: :::o~~,......~ ::::i::.YrY:2i7?. t,
. Fo.t v~e•ce. F;., ~d~
212516
~J 0 ~MD RECppQE
This Instrument Prepared By Richard K~ Kayes fT~~~~~ ~O~NTY ftA.
First Federa! Sav+ngs 8~ loan Association ClE KCCIRCUIi~~~
of Fort Piercq FlOZ1da ~[COR~ yER~fIFp~`
Checked By ~ - '
t9 ~ +~2 tM'11 f' ~ ~.t
BeoK 194 204
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