HomeMy WebLinkAbout0546 ) M
• ~ ~
J. To p7sc~ ~~+d cominuou~l~ 4cep on fh~ bui;d~nps now w ht~e~ftN s~rwn o~ s~~d 4nd and on alt equ~pme~~ and pe.sonatfy covr•cd by ~hti ma~
~g~. w~th dl premwm~ the~ew~ pa~d i~ 1ut1, lirs insur~nc~ in ths usu~l ies~~de.d po~~c~ Fwm, in • tium aH~xo~eJ by ihe MORaGAGEE. u~d w~~Kheam
~nw~ance i~? ~M uswf s~andud ~w~~cy fwm, in a ~um app~ored by iM N1GRiGAGfE, in such company W tOm~HniK at t1e MORiGAGEE maY
d~recr, ~nd all fire u+d w:ndato~m inswanc~ polK~ei on ~ny ol ta~d bu~ld~~gs, ~ny iroeres~ thcrein or pat ther~of. in Ihe s99~c~ata wm ataesaid oc'
in eace» Ihcreof, slall comain tl.s usual ~~an~ud ma~9aq~ davse or sucA other c~a~•se a~ i1a Ma~yayes miy ~eqv,re. maA~n~ ehs toss und.r sa~d pola
Nes, each and every, piy.~ble io sa~d MORiGAGEE ~s ~~s mte~e~1 m~y q.pear, ~nd each .,.,d everY s~ch poircy shall b~ {xomplly ass ~~~ed a~~d dr:~v~ae~ ~o
~ny heid by said MORfGAGEE ~i furMer security w s~~d n~w?pag~ dabt. ~nd. oo~ leu eh~n tcn (tUl days in aJva~Ke ot ~he cxpirona~ oi euh po~;c~. ro d~-
itver to s~~d MORIGAGFE a re.xwal ehe~eoi, tope?hei with a rece~pl for Ihe ~xemium ol wch re~~ewal; and k~ere sha1~ tx no t~re o~ wu.ds~o~n+ Intivra~c•
p~xad on any of said build~~gi, ~ny i~tereat the~~~n w pul lhereo(, v~lc» in the torm and wi!h the loss peyabte as aforesaid; and in ~he e.enf any tum
of money becumei p~yable unde~ ~ucF polKy w polKiei s~~d M~RiGAGEE shall have rhe ope~on ro rrcr~ye o~~~ rpN1y ~he s~~ne on accoum o( ~he i~~drb~cd- •
neis setur~ Ae:eby a ro pcrmil srd MORiGAGGRS to receive ind us~ it p any parl IF+e:col lor o:i~•~r ~,~r+,osrs. .•.~ti,o~f ~h,e~u~ wa~.~~~ ~topo~r-
infl any ~quefy, liet~ p ri9ht undcr p by virtus of this ~W:!ya9e; aM1 ~u ihe eveot t~:d MORTIiAGORS sAa?! iw any reason fai) fo krtn Ihe said piemisrs so
(nsured, or 1~J to del~ver p~anptly any o) said polKies of i~suroi?te to said MORiGAGEE, w i~:! r:ompdy to pay I~:ly aoy pre~~~~u.n thrrrlw w in any
respttt fail 1p pe~form, dixFwrge, eaetuta, effecl, completu, canply wi~h and ab~Je by eh~s cove:~.?nt, p any ~art h,:rcoi, sa~d MGRf~,ACEE may pfKe an~
psy fw suth iniwanc~ w~ny part the~eof withou! wairin~ or •tFecrirg any o~teon, lien. cq~;ty, a r~~A~ unJer o~ b~ vnux of rhia Malya9e. ~nd tht
f~ll amount .,f each a~d e.ery such pay~knt shall ba immediately dve and pyable and shafl b.-ar inte+.•s~ from ~he date thcreof ur,nl paid a~ ~he rate ol _
~~~~e ~er centum pa~ snnum and to~rtt~er with iuch interes~ shall be s~~currd by Ihe tien o( th~s mortgaye.
To pe~mit, commit or sufFer ou wasfs, impairmtnt a deterioratiw~ of said Mnperfy or any pa~t theieof.
S. To pay aft and aingutM the costs, cha~pd and expeaxs, incl~ding n reasonable auaney'~ ter and cos~s of absl.acts of title, incw.ed w pa~d a~
eny time by sa~d NtORiGAG'.E, because w i~ the evonf pf ~A~ fa~lure on the part of the said MORiGA(',pR ro dv~y, pra~~ptly and futly prriprrn, d~xharqe.
execute, e(fett, compkte, compty w:th and ab:de by each and evc~y the stipula~~ona, agree~nenrs, co-~d~r+ons, a~xJ tove,~a+~ti of sa~d pro~n~asay note ~nd th~~
~,ortgaps ~ny w ei+hea, ~nd u~d cos+s, ch~rpes ~nd eapenses, each a~d eve~y, sMtl be ~mn.erfutely d~e end payable; wherher or rqt there be not,~e d~
mand, ~ttempt to collKt or wit pe~xling; and the full amounl o( each and s+re+y such paynxnt shat! bea~ ~merrit lrom ihe da~e thercof untii gs~d rhe
~are o~ n:ne ~xr cemum per anrw~,; a.w aL1 s~;d cosa, cF~arges ard expenses ~ncuned w pe~d, ~oge~iKr w~~h such ~n~rra~t, iha11 be secu.rJ by ~he t~en of"1h~a ~
mutqa9e.
b. Th+~ (a) in the event of iny b~~ach of lhis Mortgag4 w defa~lt on ~he part of ~h~ b1QRTGAGOR, w is) ~n ~he event aoy of sa'd su~ns o( mone~ j
F.erein r~ferred to be not pro.nytly and lvlly paid wi?l.~n th+r~y {3p~ d~Y~ ~ear aftc+ thc s.a~,e se.e.a'iy bec~~~e due a~w payob~e, w7dw~f dernsnd or ~rot~ce.
or (c) In tho event exh and evcry tFM stipulatwns, agrxrnems, cond~hons and covcoanfs of ia•d pran~ssory nose an~ ~h.s mortgage a~y or e~ther are oo~
~~!y. PrompHy ar+d lully pc~famed. d.uharq..d. executed. effec~ed. cor.~ptered. ~omphed w~eh and ab,drd `ay, fixn in e,thei w any such eveM the sa~d ag -
gregate wm menr~oned in sa~d pramaswy nore then ranaining unpa~d, w:fh irt~rest acuued, a~~d e~1 mon¢~s sec~~rd hereby, shalS brcwne d~e and pay-
abl~ («thw~rh, a tl~ereafte~, at the opnon oi se~d MORiGAGEE, as 1vlly a~.i comple~c~y as i1 att of tt,r s..+d su~ns of mo~ey wcre orginaity st~pui~trd ~
to ~e pa~d on such doy, a~rrh;ng in sa:d prwn:ssory no?e or in ihes AMrtgaqe to the convary notw:thatand~~g; and therrupon or ~i.nreaher at ~he opnon of
s~:d MORTGAGEE, v.~thovt noe~ce or drmand, wit al iaw or in equity, therelo~e w therealter beg~n, may be proaccu~ed as if ?II maneys aecured t~ereby f
n.:c+ ~natuccd p~.or ro ns inuaurwn. ~
7. TMt in the evenr thar ar rhe begin~~ng of or at any time pend;ng any su~t upon ?h~s Mo.~g.c~e~ or to i0/KI6f! ir, or to retorm it,-or to enforce +
pay:ncM oF any cleimL hercurxic~, sai~ MORiGAGEE shall apply fo 1he Co~rt hav~ng ~unsd~c~:on thcrcot fwihe appo.ntmem of a Rece~ve~, svch Cour~ shail
forfhwifh appant o rece~rer of said mw:gaged p?ooe~ty ait and singuler, inct~d~rg ait a~~d s~~~gurar rhe irtcon:e, prof~rs, iss~e~ atttj 'even;~s frP~ wh~tever
seurce ddived, each end every of wh~ch, it be~ng eapressly unde~slood, is hereby mortgac~td as if spec~}~ca~ly sel forth a~d described in the grsnr,ng and
haixndum cisuses hereof, and such Receiver shail have all the broad and ef(rcfive funci.ons and powers in anyw~:e enr~os~ed by a Cev.~ to a~iecr~rer, and
~~ch sppOintme~yt shall be madt by such Cowt ai an adrni?tcd equity snd a maner of absot~ te r:yht ro sa~d MOR7GAGEE, a~ v~~ihcu~ r=ference to the
ede~~uscy d inadrqvacy ot rhe va!ve o1 the properry mwfgaged or to ~he so~vrncy or ir.;c!vcncy o) sa~d MORiGAGUR w fhe detrndanfs, and fhal such
re~•s, prof~ts, incane, issues and revenues shaU be app7ied by s:,ch Recr~ver accord~ng ro ~he lim o~ eqv;ry o! sa;d MORJGAGFE and thc prau,ce of s~ch
Court.
i
8. To dvly, prompr:y and fuIly E,e.fo•m, discharge, execute, eifecr, comptere, comply w~eh and ab~de by each end evmy ~he atipuSat~ons, agreemeets, i
conditions and covenams m sa~d prom;ssuy note and th[s newtgage set forth.
9. That in ~he event the owncrship o~ the mwtgaged premises, or any part thereof, beca.nes vested in a peryon other than tke M.ORTGAGOR, the
~1.pRTGAGEE, irs successors and assigns, may, w~~hout notice to the MORTGAOR, deal w~th auch successor o~ succrssw in interest with reference to th~s
mo~+gage and rhe deb~ (,cr~tTrac~red in tne same manner as wirh Morfgaga w~thou~ in any way viT;aiing a d~xha~g~ng the l~Aorrg~qo.i liabihry her~
~~der a upon ti~e ~bt hcreb~r setur~d. No sale of thr premixs h¢reby :nortgaqed and rto fo+Gearance un the part of rhe MORIGAGEE w its sutcesso~s
o. assigns a~d no eate~s:on of ~he t~me fr the payment of the debt he~cby sec~rcd 9rven by the MORTGAGE~ or its succcssors w au~gna, anall operate
~o reieue, d~scharge, moddy change w atfect the org~nal liabl7.ty of the ASO~.TGAC,UR herein, either in whole w in part. :
lU_ If is spet=~~cr.Ily aqrecd that tlme is of tM essence of th:s coMract ind thal no waiwer of a~y o6l;grnon hereunder or oi the obligation ss- -
c~red Fxreby shali at any time thereafter be held to be a waiver of the terma hereo! or of the in~trume~t sec~.ed herby_
il. In add.::.~ to ihe forego'n~ monih!y paymems of princpal and interes? req~ired by fh~ promssery nore sec~red herebf, mortgagor covenants
~~d agrees ro ~ay ru morrgagee w;rh each monihly pay+.~ent an add~~ional svm rs~:mated by mortyagee to be eq~at to 1 12 of thr annwl ~ost of the foliow-
: n;7:
A-A;I real property t~r>s le•ned w assesscd agai•~st !hc above describcd real estate. t
B-P(l'T.~p~i:S oo f~re and WIRd510'A- iJ1S:l~ArC! ~s here~o requ:red to be carr~ed on the +m;.rovemeats s:tuate on the above dssc~~bed prem+ses.
C-PfCmiVn+i on z~ch marrg,~ge gaar3nty ir.s~ra..ce as morrgagee sball from t me ~o t~:ne deem f~t to carry on ~he loan secured hzreby.
Mwtgagee s':a'~ from, t~.tte to t~me not~fy mo.~yagor :n wr~t~ng of ~he amov~~ d,,e and payabte he+eundrr and wch su~+ sh~Ei the~euoon be d~e and
ravabie on th~ due oat« of rhe ~eat rrf~.~th;y payment and eath successive month thereafler ur•tif mcrtgagee shalf not~fy mortgagor u1 a chan~e in such
a-~ovnt. S~rch svms s~a; ~ ap~:i;e~ by matgsqre toward fhe paymen! ef real property taxes, insura.xe prem:~ms, and mortgage yuaranty insurance
p•emiums.
IN Y1ITNEJS :VHEREOF rhe w[d lNORTGAGOR has hereunto set his hand and seat the oay and year fi~st a~oresaid.
Sgned Seated and e.~ ~n,.~ presence of: •
~-~..c.,.,l.,~t- u _ ~ i ~-d~l e..,.~ ~ ~e~rZ~ ~'L~ ~.s-us .
-(Seaq j
_'~1 e s Robert H. Taig ~~.n ~
- 1_ ; h'1. Lv~..~t~, ~~k~~ ~
Witness Nario e J.
~8 g (Sesq
$IA7E O~em~m~c Michigan ' ~
Oakl and u-
couNrr oF
Befwe me personatty appeared ROb@I't M. Taig
•nd
Mar~orie J. ?aig F~;s w;fe, to me well known snd known to me to be
rhe i~d'rvidwts deu¦~bed in and who execu~ed the for ary imt~ument, and acknowiedged betwe rrx that they executed the same fo~ the purpous '
~h~,~~~ ~=wK~. a~a ~~a Nar~orie J. Taig ~
+~~fe of Ihe isid K• TB~.g ' ~pon s separ~te ~nd privat~ ~
e.am~nation br me t~4en separate and apart from her sa;d husband, uknowledged to snd before me that she e:ecuted said instrumcm frcety end votun-
ra.~iy qwd ~•;fhait ~ny compulsion, co~straint, spprehe~s~ory w fear of or from her said husband.
WfTNESS my hand and offic~al seal thi:~ daY of__~ JuJ~ A. D. 19
, E~•4 . - T, ~ _ ~d' _ti~T~/~j~I^~
~ ~ ~ . Nozary Puo=i~
.ti - .
: - L.. My Comm,ss, eapiros:
: i ' ~ + ~ Rtk!!!~- 'i'• i
- f~lfi~ $~V~ ` (Aa~f NSOCidt:On
~ . ~ . ~ - ~ O(~1 P3rce. ' ~ ~ ~y~~
~ , ~'~Ol~ t17~~ ~ ~CU11N~
. i`/ ~rv~ QtK•~~a~*,d~ Mfr Co~nY.io~ i~lnr J~rwY 9~, 1~!
~ a3• ~ s.
This Instrument Prepared By J, D. C?18st8in
First Federal Savings b Loan Association ~
of Fort P~erce , Florida • _
Checked By - -
~ . • . d00~ l~ s
~ • .
~