HomeMy WebLinkAbout0202 J. To plsc~ cone~ncously keep oe ~he bu~".dn~s oow a h~rea(t~~ ~~Twt~ o~ sa~d Iand and u~ at; eq.,~p~r,em a~d pcrso.~a~ty co~ered by ~h~s mo:ep.
+q~, wnh all pren:~„mi ihe~~w? pa:d .n /vii, t~re insvr~nce ~n rM os~:l s?a~da.d po:Ky lo~m, in i w~~~ ~pp~ow~d D~ ~he MJR~t;:.GEE, s~~d vc~nJ~~am
imu~anta in ~ho uwal sta:~dard p~,1ay fwrn, in • s~m ~pproved by ~ht MO:.IGAGfE, in sucA canp.my or cai~y>an.ee as ~he MORiGAGEE may
d'uecf; •nd all fi~• ~n~ w;odstc~m ~nsurance poGoes on any of sa.d bu~!d~+gs, ~ny inlciest Ihrrem o~ par? nc~rrut, ,n :he ayc}<<q~~c ~vm afaes+~d w
in ezce~f 1Aereof, s7uli co.>>sin ~he uswl ~~a~~Jud matgagea cl.~use u such othev c~avse as the Mo+tqayee may ~eqti.ro, a,o?~~g tho iosi v~~der s.+~d potf
c~ss, each and every, payable ro fa~d A1JRI~AGiE as u~ inirr~•it may appear, a~x! rach a~d evr~y svcA poi.cv sF~ail Lr {,~wnptty as+g~~.d s~~d d~:~verrd to
•nr Mk1 by s~~d A~OD'G4i;fE as ~u~ther secv~~ty ro sa~d :iwrtg.?q~ dtb!, n~d, not fess ~han ~rn ~101 drys in advance ol tl~r e.N:ret.oo ol each pol~cy, to dr
GvO~ t0 tsid N.l.Rit;AGEE a r~~~4w~1 tl~eieof, to~,etFer with a recei~t for ~he pre~nivm o( such rene+.at; e~~d ~f~rre shail 1~ ~ro f.rt or w~nJsior~n in~~raMe
p~~ced on any o! sa•dlru~ld~~w~s. any i~~te~e~1 therei~ or pa~t thereot. un:css in the form e~~d w~rh rhe toas paraG!e .?s al~~sa~v; and ~n the erenl any sum
of mo.~ey bcco.~ms payable unde+ soch paGty w poLaes seid MORiGAGEE shall Iwve ~Fw op~~on w r_K~ive ~nd ,pF,ty thr same on eccoun~ o) the i~Klrb~ed-
~e~s secu~ed lie.cb; w ro perm~l s~~d MpRTGAGORS to recr~ve ~nd wa it cr ~ny pan Uk~.rol to. o,n•,r F~r, os~•s. v~~+.o~: ih •••u, ~r ~~~~s.,,u-
~^9 +^Y ~q~'tY. tie~ w.~yht undr~ w by virtve o1 thi~ mo:tpagc; and :o !he event w~d A10RTGAGORS sh.sll fa a~y rcason fail lo keep ~hc sa~d prem~aea so
insu~ed, or (a~l fo dr!~ver pro.nptly ~ny ol :~id polKles of insura~xe ~o sa~d MORiGAGEE, or io~! p:ompt:y to pay f~.:y any prr~~,wm thcref~t w in an~
refpect lail to pe+Form, d~scherge, excc~ro, ef(~t, tompicte, comply with arw? ab~de by rhis covenant; w any p.~~1 ht~toi, sa~d MORi; A(;EE may p~ace •~~o
pay fp such insurance or any part ths~eof without waiv~ng or ~~(euing aoy ophaL lie~:, eqwty, or r~M unde. oe by virtut ol fh~s Mo~eyage, and ihe
futl aenount of each snd e~ery such paymen~ shall be imnediately due and peyable a~~d aho~l ~ar ~~~rr~•s~ f~on: ch~ date ~h~re~( ~~~il p~~d ss rhe rare of
n ne pcvi cenWrt~ per a~ti~u~n e~x1 to~rihrr ,~nh such in~r~rs? a!wii tx sacured by the Gen ol th~s mortgage.
4. To permit, commit p suffer no Mraste, impairmem w dete~io~aGon of sa~d propz~ty pa ar~y part thrreof.
5. To pay •11 and sirgu~ar the costs, charges and e~.oen~es. ~n:iud~»g a reasonabte ano~ney's fee a.,d cesrs ot ahatracts of t~de. ~nc~rred w pa~d a~
sny tim. by sa~d MORIGAG:E, txcause ot in the event of ~he ta~ivre on ~he pert o( ~he se~d MJRfGi~Gt7R ro du1y, p~a~~pY.y and f~~ty pNrform, ducha.q~.
e+ecutq c~r.t~, complere, comply w~th and ab.de by each and every ih~ st~p~lo+~a~s, ag~ec~n..•r.ts, condrtions, and co~er~a~.~s oi se.d p•o~t~~a:u~~ nwe e.,d ~h~s
~no:~gage ~ny or e:~her, and s.~.d costa, charges and expenses, exh arx~ every, ahail lx ~mrncdeatrly due and pay.~b'r; vnc~•~her a not ~tirre be no~~ce d~
~~and, anempt to coli~ct cv sui~ prnd:ng; ~r~ the fv11 artwunt oi each and every such ~>a~r,:rrl sh~li ~ra. ine~~rrsT i:~n tl~e drte thrrcaf u~ti1 pa;d a? the
r,re u~ n~ne per centum prr an~:u-n; and ull sa:d costs, char9es a~d ea~.rnses incurrCtl or paid, tOya~her „v.~h auch ~roerrst, ana11 be secured by ihe 6ert of th.~
~ly~. •
6. 'hat (a) io the event of any b:tach of this AAortgage w defa~7t on t?r_ part of rh~ h10~rG~GpR, o, ;b) ~n the eyen? a~y of sa d sums af money
hrrein ref¢r~~ to te o01 prompe:y and futly pa~d withm th~rty i3Ji d~ys ~.:¦t afr_•• tt.e s,r.~e seYrra ty beco•ne due and F~v~~'e, without demand or not[ce,
or (c) in thr event eacA and eve+y ~he stipvtai:ons, a9reements, cond~f~a~s and co~enanes of sa d pro~n~sw~ y norc a„d th.s mortgage any or e,rher are n~t
~uty, pramptl~ and fully p~~fwmrd, d.scAarged, exetvted, eftected, tomp;eted, compi~ed w~ih and aL~ded ~y, Ihen m e~~her or any such e~em ~he sa~d ag
grrgate .vm menew»ed in sa~d pro",~sswy no~e lhen rema~n~ng unpa~d. w~th +ntrr~it accr;,rd, and a~i n,un~rs secured hereer. sha~l bccorne d~e a~d pav-
able fo~~hwrth, o~ +here~`.te:, at ;he op*~on of se;d MORiGAGfE, as tuily ard compir:e~y as if aH of ii~r sa~d s~~~s of mo,iey were or:g~na'!y at~pu:e~ed
to be pa~.d on such day, anythi.g in s~.d prom~ssory ~ote w i~ thls Mortga~ to ~he comra.y not ~.tnst~nd:,~g; and ih~reuE;on or i~kr~a'e~r a~ ~he opf~on pf
said MORTGAGEE, v.~rhout no~~ce o~ demand, su~t at law o~ in equity, the~efore or thereaifer 6egvn, mey be p~esecured as if a~l morters secured hereby
nad matwed pr~or !o ~ts inshtut~on.
7. That in the evem r!~a~ at ~he bcg~nn;rg of or at any ~~me pe~dtnq any su~t upon ~h~s Mo.rgage, w to forectose ir, or ~o reiorm ~t, or ro entorce
payment of any cla~ms hr~eundrr, said MGRTGAGEE sF.all apply to the Co~rl hav~ng ~unsd.ct~un tF:~•~~of ior t6r apyo.nu~~ent ot a Rete~vrr, such Co.irt sha~!
ferrhw+th ~ppomr a?ece+war of said rro~t~aged prooerfy ail and aingular, inc;~,d ng a:l a~~d s.~~y~~ar ic,» Fn~o•nr, prc}~fs, iuves and reve~u~s froT whatever
s-~~c.^ dr~~ved, each a~d every of wh.ch. ~t be~ng express!y undr~stood, ~s h:erEby mor~gag~d as ~i specJ~ca:~y set forfl. a~~d drscr~bed in the grant~ng a~~d
habend~~++ ciauses tiereoi, and such Recewer shal: have •il the 6road and eli~treve fun~r,ons dn~ ~.~E'r3 ~n ar+iwne emres:zd by a Cou~r to a Recrner, a•~d
+.c!~ app.intme~v shaU be m~~+e by svch Court as an ad~nittrd equit~ and a matter c+! aGsot~te r:gh~ to aaid MJRTGAGEE, a~d wleho~t reference io the
adey~acy or inadequacy of the wive of the property mp~gaged or to thr so.vency w~nso::ency of sa~d MO4iGAGOR or thr det~„di-~ts, end rh„r such
~enes, profirs, income, iuues and reveaues shafl be eppned by such Recr~rer ac:ord~ng to the I~e~ or rqwty o( sa:d JVM1ORTGAGEE a~d the prauice of scth
Court.
8. To du!y, prcm~Hy and fu!!y pe~form, d~xharge, execute, eflec:, cumplere, compiy w<<h a~d abide by each and every the stip~tations, ag.ee~ne~b,
:xdirions end covenan?: :n na d p+o~n,ssory note and ih;s mortga~e sr~ forth.
9. That in the event the ow~e-ship of tlr_ mor~gaged premises, w any part thereof, beco,nes vested in a person o~!~er than t?,e MCRTGAGpR, the
!+•.~^,RiGAGEE, its successo.s and ass~~ns, may, wtslwuf noT~ce to ihe MO~iGAO~T, deai w~th such sw_cessor o~ succeszo~ ia ~n~errat wit~ referen~e to th~s
~ra~rgage and the deot Ae~eby secured rhe same manner as wirh Mo»gaga. w:•~ut in any v„ay v~f,a~ing or d,s~ha.g~~.g the ~ao•tgagors' tubi:ity he,e-
under pr uFon the drhr hereby srcu~ed. No sa~e of the F~em~tef her~t y mor~gaged a~d no +orbearance on tne ~art of :he /AGRTGAGEE o~ its successors
o~ ass~g~s and no exte^s:on of thc hme for the paymem ot the debt hercby aecur~d g~ve~ by tne MORTGAG"r" o: its suc;esaws w ess.g~a, a~~e.i upe~er~
ro release, d~scharge, mod~fy charv~e or aftect the or;~,na~ liab:l:ty of the MO~(GAGpR Aerein, eiiher in who;e w i„ pa~t.
10. It is spauFl~aS;y agr~ t!~at time is oi the esurtce of th;s contrau and that no wa~ver o1 a~y ob':gat,on hereunder a of the obtigation s~
cvred hereby sha:+ ar any ~iTe ~hereafrec be held to be a vvarver of the terms hereof o~ of the ins~rumem srcured herby.
11. in so31(e~ ro rne fo~ego ng ~nonth!y paymrnts of p:i~c pai and inr~rpst requ~red by the prcm'sscry no~e se.ured he~eb/, mcrtg~g~r covenants
ind agrees to pay to n~o•rg_+~ee .~~th each r^onth~y payr~enf an add,~ional sum est n,jtcti 6y ~~~oregegee to Gr eq~a~ to 1 12 of t:ir ann~al cost of ~he fo~iow-
:n3:
A-A~i +ea' ;.rop•~•+y taYes le.~ed a assessed agai~st the above desa=6ed .c-af esrate.
B-Fr_~:•u-,s on i,+.- and vr;ndsro~m :nsuracce as he~e:r. .equ:~ed ro be car.~:~d c~ ihe :r.,;,.cv.~n~~ts s:TUare on th~• above desu~t-ed premises_
~-Pre~~,wa s e~ such moztq~ge guaranty ~r.sura~.ce as mortgagee sha:c iro^~ f ine to i~•~, d~-r~n fit to carry on the :oan s~cur~ hereby. -
Altor•gagee s~:a ! j~cm ;~~~.e to r~e noe~t~ mortgagor ~n wr;t.ng ~f tb• an o; ~t dae ard payab~e he~eunda+ and such su~~ sh;i! thcr~ ~r~~ d~e and
:.+.~5k on th~ c3~e oare of rha neu ~.to?rh:y payment and eacn svccess.ve rr.o:srh the~eef~v ~rt„ mengjgee sb3'1 na~~f? mo-t~sgor ef n change in sv:h
a• ovnt_ $uch su:~s s1 a i ~ appiied by murtgagee !oward the payment of real pre~¢,ry taxes, ~nsurance prem vms, a•~d mr. tyage gua*anty in=~rance
:~'emiumt.
/
IN YJt ~tf~5 'llNfPEOF. rhe sa7d MORIGAC,OR has hereunto set ;~;s har.d and aejl thr dey ar first.afo~ d~
\ Sg~; SealedMd deli r d in the p?esence of: 7
. ~ s ~ Witnesses as to Vernon
tl ) Bafley Simpson _ an
-
~ - ) T~titnesses as to Gloria ? ~a,~
. ) Irene Simpson
flLEG iMy REC9FiDF.~ ~ ~t)
STATE OF FtORIDA ~ ~ ~~~K~ f~ '
~ sz_iuc~~ .
COUNTY Of Sti. Id1Cl9 ~-~i RC'~E.^'. ?t~tTRAS
cifa+c c?~cu~; coMT .
eeiae me personally appeared VeI'lIOD $gileq ~~~Q~CORO YEnIf1E0
~--t •
t~ well krwwnarid`QAowA %,rfG~ ~p b~
rhe individusl~ dexribed in and wE?o eaecuted the foregoing inshumeM, and ackn bef tt~ execuhd ffit'+snte fpr tM.giO,pflsa~
thr. ein exprested. -
- - ~ _ ~
r' • G~: _
WITNESS my hsnd and offic;al xal this day of - -J e- . ~ D:;19~
+ T - .
STATE Of ~ Alib8i8 . - ' j1
M Notary PubGc in and for t Sr e af Horic!~ af 1N~ ~Q. 7~
COUNTY Of ///OK/L~_ ~ ~ ' MY Comm~sfion expires: /I.I ~ 7I
- Befwe me personally appeared _ GZOT~BlI2~@I19 $f~SOII -
to m~ we!! known and krwvrn ?o ?ne }g b~ ~
rhe ind~vidu+Y desuibed in and who executed tF?e foregoing instrument, and acknow~edged befcre me;hat )het executed the.sarni fwtikf,pwpny~s
therein expressed. And Ihe sa~d _ d14I'~S TI`e11A Si a~,,son . -
wife of tbe sald _ v92'110A ~16~/~OA ~ ~pon a separate u~d p~ivats
exami~at~on by me taken separate and apart fram her said huaband, ackrq,N{edyed ~a and before rtee that she executed said '+nsrr~rnmt fteeJy and vo:un- -
rarily and wilhout s~y compulsion, constrsim, apprehcrts~x?, or fear of or from F~er s.id husbard.
WITNESS my hand and oificial sesl thia_ day of A. 0. 19~;~
C ,
Check~d By Notary Public in and iw 1 State
My Commusion e: s
"fiis instr~m~ertt prepared by J. D. Chastain ~Omm~ssi Expires February S. 1913
~;.rst Federal Savings and Loan Association -
~f Fort Pierce, Florida 0 R~(]~ , ~0 l~s
d00K ~7 z
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