HomeMy WebLinkAbout1125 To p1~ct and com~nvo~,siy keep on rha bv~'d~~y~ ~a~v a Mrea~~cr s~ru.+?s on sa;d !~nd and on a11 eq~~pmenr u,d parson~tty cuvered by ih~s matg•
K~, wi1!~ d) prem+um? rhe~con pad in futl. 4~re ~nsu~ance in tl+~ us~al v.+~~a_rd W..:~ iorm, ~n a s~m aFwo¦ed b~ thr MOR(GAGfE, and w:~dsto~m
inswaoce in the uswt s~anda.d pol,cy +o:m, in a s~m appro~e~d br ~he MORT;,AG:E. •uch cu»>ps~~y a~ co+~~p~n.ei a~ the MORTGAGEE may
dh~t1; and all iir~ a~d w:rxlsw~m i~wrante po~iuei on any of ia.d tr.r.d•r+ys, any ~~vrreet ~Aero~~ w Fa~f thr~e+~+. in the aggrrga~e sv^+ alaesaid o~
in sxctss the+aof. ~ReN ;onta~n t?~a usw~ s~a+ida.d mor~gagee c~auu a i~ch othrr ciwse as ~hr A~a~sgayre may rr~u~ro, mol~ng t~~r loss unda s~~d poti-
c~N, each and every. ~syab~e to sa~d AIORTGAGEE u~n intrrrs~ may appea., a~~d eeu~ a~;d e~e~y wch po.~cy sM~l 1x prompiiy ais g~~ed a~~d de~~~ered ~o
•ny MW by sa~d A10k[GAGfE as ~w~her seturity to sa~d mcrtgaqt d-u+, a~d, no~ :rs+ ~hon r~n tl~l d~~s adrance of ~he e~p~~a~~on of e~ch pohcy, ~o de-
livK to said A10RiGAGEE a r~ncwal Ihereo(, to9e~her w~th • rcce~p~ fo~ th- pru~:~w.~ ol :~.ch ~r~~r~.a!; and ~hero ~h~~! be ~w iur or windsfr~m insurance
pl~ted on ~ny of sa~d buildings, any intrrest Ihere~n or part I~treoi, v~~rsa in ~he to~~n e•.d w~:h the loss p+yabie as eforesefd; a~~ in the event any sum
oi monty becon,es psyab~e .~adcr wch poltcy a pol:ci~s saKt MORTuAG:E sh.~i~ i~a.e ihr o~~}.on ~o ~c~c~•~.e and ap;:?r ttie se~:~e on accov~.t of Me indrL~.d-
neu setv~~d herebt ot ~o permit said MORTGAvORS ro tKe~ve and use il oc any ~:.:~t ii„_.,•ot to+ orn•_r ~,vr; cars. *.:~i,,,,t th.~•. a, .v:~.~ rnp.,ir-
in9 ~y pu~ty, I+en a riyht undtr p by vir~ue oi this mo:tgege; a~d in t?~O ¢vrr.~ sa d.\t~e2TGACiORS shall fw any ~aaso~ tsil lo krep the sa~d pre~n~srs so
insured, p fail to deliver p~o.~ptly anp of said poLurs o) inaura.xe to sa ~ MORiG4GtE. or t~,! p:;,muily tc pay fu ly any prc ~~~um thcr~lo~ w in a~y
respect faii w perfprm, d~ach~rge, executr, effect, comptete, canply wirh and' atMla-hy th.s coren.rv, a any pert h~rrof, sa~d AIGRTG 1;~EE may p~ace s~d
pay for such inswance or any pa.! thereo? wrthoul waiving w affecri~g any oHT,o,., iirn, ~q,,.ey, w n~A~ un;ler a by v~~rue of !h:s Alargage, and ~he
f~U amount of exA anj e~ery such payn~en~ shall be im.nedistely due and payab'c a~~d sha~l bear ~nrer~st fran iFa: ~date thenwf unt11 pod af the ~ate of
r~ne per ax+rurn per annum and ~o~o~hrr v~~~h such intr~est sh~1~ be sa.~r~d by the t.en o' th:s mo~tgagc.
1. To petmil, :ommil w suf(er no waste, impairment p detenoras~on of sa~d prcHr~ty ot eny part thcreoF.
5. To pay aIl ar+d singu~x the costs, charges ~nd expenses, incl~d~ng a rcaser~able a~+o.nr~ s fea and cosrs of absrraas oi t~ite, ~ncurred w p~~d a~
any time by said MORiGAGfE, becavu a in rhe evem of the failure on ~ne ~.~.i of ~he sa~d MORiGA~;OR to dvty, F~ro:~+ptty and fuUy prrform, d~acharge.
exrcuts, effeu, tomp:ete, comply w~eh and ab:de by exh and every the :~~pvi.t!~ens, agrrr~u+~rs~-:on~_o~~s. and cove:•anrs ~F sasd p~~i~ssory note and ~h~s
mortgap~ any w e~~Aer, arx) s+d cos!s: charges and eape~xs, each and e~e~y, sha~1 tx ,m,n~-d.er•!y d.,~ and pat~i:r, v~,hc~her or no~ e1+r~e be ~o~~ce dr
mand, attempt to co:lect or s~it pend.ng; and tF~e fu!! amount of each and e~•r.~ svch pa,~;,rnr sFall bea~ ~r~terest Irom the date thtreof u~til pa~d a~ the
rare oi nine per centum par en~~u:n; an.: a? said cosrs, tF+argea and ia;:er.ses ~ncurred cN pa~0, royc:4Kr w,rh such ~ntr~rst, sbaN be secwed by Ihe 1~en of th:~
mort~a~e.
6. That (a) in tfie event of any breach of th~s Mortgage or defau!t on th> p.~r rf ih,• L!CRTGAGJR, cr ;b) :n the evrnt any of~ sa:d sums o#-money
herein re~trred to be not p~omptly and f~lfy paid within ?h:rty (30') days next a'r-_• :he s, c s.~:c•a'!~ bccor~e dx and uayeV'e. wir/uvr demarwi w not:te.
or (cI in th~ event exh a~+d every the stiputorions, agreeme~~ts, cond~fio~~s and covenan+s ot s i J j~ra.~~sso: y nose ancJ s1i a mo~egage any or e~ther are not
~uly, prcmpNy and fuUy j,e~formed, d.uhar~d, e~ecutrd. effected, compierrd, canrc.~d w•rh and eo•d:d Sy, ~hrn ~n eaher or any such event the sa~d ag-
gregate wm menrioned in 3aid pror.i~uory note then renwming unpa~d. w.th ~rrcrrst ec:r,,cd, a~~d a:: monrys secu:ed hereuy, shatl btcome due and pay-
sb~e fathwith, or tharrat~e~, at ~he opf~on of sa;~ 1NORTGAGEE, as fuiiy a~~d con,N'r•r'y as +f ail of ~hr s.~.d wms of .noney were o~~ginaily st~puta~ed
to be pa~d on such day, anyfh,ng in s.~ d pro:n~ssay note a in ihis MOIt9d.]P ro ~he co:~rrary aof.vnF.srand:..g; and there~pon w tT~rea'rer at the opt~on of
sald MORTGAGEE, w~fhout norKe or demand, su~t at law or in equity, iherefore or therr~irer brg~n, may be prosecv~ed as if aN meneys secured hereby
nad matured pno~ ~o ~ts insGtur~on.
7. That in ths event ~hat at the bcginn~ng of w at tny time pr~d~ng any su~t u~cn th:s Mortgage, or to fureclose it, or to re~wm it, w to enforce
payment of iny cla~ms, lureund.~~, sa~d MORTGAGEE shall apply to the Cour~ hav~,•y ;.:r~sc~.c:~un ~'r.orrot !or r appointment ef a Receiver, s~rch Court shall
Fo~fhwith appo~nt a~ece~ver o~ sa~d mortgeged prooerty all and si.gular, inci„d ~~g a,t a~•o s~~•~~ d~_~he incone~, prolns, issues and revenves from whatever
scvrce derived, each a.~d every oi w!~•ch, :i bcir.g expressly unde~arood, ~s her•.-uy n:o~rgegrd as if speofi(aily xt fwrh a~d desa~bed ~n the granting a~d
habendum cte~ses nrreof, a~d s~ch Recriver shsll have all the b~asd and eiiecr:~e fur~:~ o:: and ~owen in anyw.se eotrusted by a Court to a Receive~, ard
s~ch appointment shall be made by svch Court as an admittrd equity and a..wi~er of a:,so+ute rght to ss~d MORiGAGEE, and wishevt reierence ~o the
adequacy or IIW~~/MV of the raloe of the prop~vty mortgaged or to ttie so•~rncy or ~r,s;;:.e:uy of sa~d MORiGAGOR or the detendants, and that such
rents, protits, incar.e, issues ar~d revenves shall be appi~ed by such Rece~~e~ ac:orcia.g ~o the i~cn w eq~ity o1 sa~d MORTGAGEE and the practice of such
CovA.
8. To duly. promptly and (utly perform, diuha~ge, exec~te, etfect. coT7:irre, co~~~p;~ wcrh and ab~de by each and every the stinutations, agreements,
conditio~s and covenanrs +n sa~d prom~sswy nose and ~h~s nrortgage set forth. ,
9. Thaf_ In the event tFe ownenhip of the mwtgaged premises. or any part ther~cf, Lcco~nes vested in s perwn o~her Than the MORTGAGOR, the
MORTGAGEE, ir~ successas and ~ssigns, may, witiwo~ no~~ce to the MORiGApR, dra, ;v.;h such s~ccessor a svccesso. i~ ~nte.est with reference lo this
mortgye and the o.bf h.:reby secured in the sr.-ns manner as wi~h blor~gagor v.•r.hou~ ~n any way vi~:ating or d~xharg~ng the Mortgagori liab~lity herr
unde~ or upw~ ~he debt hrreby secwed- Pto sa:e of ~he Frem~ses hrreby mo~rgaged ard na forbearance on the part of the ?AOR7GAGEE w its successors
or ass~g~+s and no exrcns:on o! ~he t~me tor the payment of the deb~ hercby sec::red g~ven b~ the IdORTGAGEE or its successwa a aas+g~s, ahall operate
ro ro~eau, d~xFurge, mod~fy change o+ rffect the wigu~al leab~i~ty of the MORTvAWR herefn, e~ther in evhWe a in pa~t_
l0. It is spec~ficalty agreed rhet t~me is oi the esx~ce of th~s confracr a:~d rhat r.o wa~vc~ of any obt~gat:on hereunder w of the obligation sr
c~~ed hereby sl+a:i at any tim.e the:eafter be held to be a waiver of the terms hereof or of the :mtrument secur~ herby.
11. In add t:oz fo the fo~ego month'y paym-nts of p-inc pat and :nrrresf rray~~~d L-y tF~e p•om-sscry no~e s. cwrd herah~, mwtgagar covenants
and agrces to pay ro mo•tgagee v.~th each monih~y pay~:ent an add,~ional wm ai' : Jtttl Dj ~~orrg~gee !o be equai to 1. 12 ot fE~e an:wal cost of the foltow-
ino: '
A-A!: reat properry ~a.rs lev~e~ or assessed aga~•.ss thc above desa:~:-d r;at es~.+ce.
' . B-Prr-*.~;,•^s on f~.e and win~{ito:rn ~nsu~ar.~e as hue~n requ.red to be car±~•d o•i rhe m;:rove~neiss s;tuare on th~ a~aovc desaibed premises.
l,-vremi~:-~s o~ svch m.or•~;ge gua~an!y :r.surar,ce as mo~tgagee sha~l frc••- f:~e so Y.~ne ~rm fit to zarry on the loan secured he~eby.
~ Matgagee sha- j•cm t"une to t~.~e not;fy morTyagor writ~~g of the a~ •.o::•~+ d,.e ar.c! payable hereundrr and svch su-n shail the~eupon be due and
:.ayable on the d~e date of tha ~ccr month:y payment awd each success~ve :*o•;th tne~e~fr_r uctil mo~tgagee shal) not:fy mo:tgegor of a change in s:xh
a-~ounf_ $uch s~ms s~.j.~ ti~ apr.:~ec~ by mortgagee toward the payme~t of rea preF~r:y fa¦ ,~nwrance prem.vms, a.:d :~wsyeye guaranry ~nsura~ce
p ~em i~ms.
IN WITNf~S ~":M:REOF cne sa~d MORTGAG~R has hereunto xt h~s hard and xai the da and year first aforesaid. .
S~g~ed. Seated a:ui livered in t preunce of: fILED RND aEC~~gE~ /j~~~ -
ST lUC1E COUM Y~~ ~ WV`"+~ ,s.,q
~ ROGEA PO~TRA~ A. . cl u en
~ C~ERK Ci^CWt COURT _ p ~.n
~ - RECOkO VE~~f ~EO 1~ ~Sea~~
- ~ ~ ~T ~ er ine . ~~u
S~ATE OF Q0tll0lll GBORGIA ~ Z~
CJUNTY Of ~ ~ ~ ~1~~lJJ
befwe me pcrsonatly appeartd _ A. H. +1eMullen__
Catherine R. MCML?I1Qp _ his w~fe, to me well krawn ar~d known to me to be
fhe individwls desa~bed in a~d who eaecuted rhe foregoiny instrument, and acknow:edged be(ore me that they excc~ted Ihe sarn~ fot fM purposes
~h~.~~, ~~P.~„~d_ ~~.,d r~ ~~d__ Catherine R. McMullen
w:+~ or n.- ~~d A. H. McMullen "
- - - - -----•+4-.., uPo~ Kp~rs+~~.~',p~i~~t~
e¦am~nsi~on by me raien separare and apa+t {rom he~ sa~d husband, ac4nowl~d3ed *o a*~d be!.re me that she executetl said b~jh~rn~nR }rptyJ~ vol~n-
~a•~Iy and wnhout any comp~;swn, conura~nt, apprehe s or fear of w frr, he~ sa~d husband. ~•q;.~~
WITNE55 my hand a~d offic~al ual this- day - /1. D.~~l..'~.~
`L__ ! ~'r.I~~o~~- _ ~ _
Nctary P~b'~c in a~d fOr fIM StiN Of ~4H~ y.
My Ce~:-nss~on e:p~res_ ~p=
Rrrw.n io: ~t~•: '
First Fedcrsl Savinas 3 loan Assoc~at,on ~lx3f~ ~
• ' ' ' ' " ~ ~
CI .o.t v ...ce • ~ ~ppi. , - •
•
fort C,rrca F:~;r da
~j-l
~"?V ~
This Instrument Prepared By -John Collins ~
,
First Federal Savings b loan Association `
of Fort Pierce ~ ~lorida ~
ChPcked BY~--------- °n~`" 1V~ ~~Z~ ~
;
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