HomeMy WebLinkAbout1131 To pl~c~ ~nd coneirr,,ously leep ~n ~Ae bu~'d.ngs now a harral~er ~ ~~ate on s.•~d ~and a~.d nn a1i ~~~p,n~n~ and person~liy cover~c+ by th;~ mw~
~g~. with ~Ii p~m~wni ~?u+eon pa.d :n lull, ti?e ~r.sur~~xe ~n the .n~si ~:e~~ciard ~"•cr (am. in a s~~n a{:;xo.ad t+y ~he A\OR~GAGEF. ~nd w~ndstcrm
insuranc~ in ~M uswl sr.ndard po:•cy la~n, in • wm ay.j~~r~rd by +hr A~~R:GAGit, •u:h cc..,~pany w co~.~+~an~es as ~M h~UR1~AGEE m~y
dirett; a~d all f'at ai~d w~nJaewm ~nwronca po:~<~rs w~ a~~y o( sa~~J b.nW.ngs. any ~~e~err~t ~hero~n ~r Far~ thr~rol, in d~e ap9icg~~e wm af~hsaid Or
in •at~sf Iherto(, shall contain ~he uwal titonaud ~,o.tgayce c:+~se w su:h othrr c~e.u ~a thr Mo~ryayr.e may ~rqu.re, m.?urg Ihe ~oss uncla smd poli-
cies, tacA ~nd every, pay~ble to aaid ti1JR1GAGEE a~ ~b ~n~or,~st may epyner, e~,d cach s~+d e~•c~~ i,nh ~~o,.cy shaU bw Waup~ly esayncd a~~d det~~~cred ~o
•ny Mfd by faid MORIGAGEE ai fu+~her ~rc~~i~Y ~o w~d ~~:o:iyage d_~or, a~~d. r..v 'rss than ~(IJ; J~rt ir. nd.a~~cr ef tF~a exunar~on ol rach pot.cy, ~o dF
Lv~r ro said MORJGAGEE s ~ene'v.~f Ihr~eof. topttht~ wuh 4 re:r~pt ior !hr p~u~.:~mn oi s~th ~cnr,nai; ar.~j liir~e ahail (,e ~q (~ep w~~~df~o~m ~nf~~antt
plK~d on ~oy o) sa~d build-ngs, any iotcretl Ihrr~m w ps.i rhr~a~f, u:~!rs~ ~n rhr la~~~ a~~d w~sh tha loss pa~~ble as afo~esa~d: and in th~ evenl any fum
of mu~ey becune~ paYaWa w~de~ suci pot:cy a polK~vs saK! .1AUkIGAGff ~h.~tl t,ovr ~h. o~.:.w~ to ~ec_~yu ,~~d apyty tfw ss~~~e on accoum o( ~he nukb~rd-
n!!f fKWld h!tlby p t0 Plfmit fa~ MORTG4GAR5 t0 ~Kr~re O~~ Uf! it O~ on~ ~>:~t liv_:~~0~ hv O:n.~r ~.i~r;-usr1. u.Ihv~T t~l:~i.~r ~~„r.~~~ rn~~r
~r+g ~~y puity, li~n or riQht unda~ a by virew of th~~ mp:tpagt; and ~n tha evon~ s~ d AtOR1GAGORS sha11 !or ar.y reawn (a;l fo krep IAe aa;~l prem~~.•t io
insured, a~ai) /o delivar promptly ~ny ol s,rid poucies a( inaura~xe fo ta.d MOR:GA~,ft. a f,,d praup~ly to ~ay tu:ty an~ pre+nwm therefa a~ io an~ 2
respett (~i) 10 pe~lprm~ d~scharge. eaKU~e. eHed, ton,plete. tanpty witA orxl •!^.du by ttus cove~•an+. M~~~ part hrrtaf, aa~d MORTGAGEE may piace •nd i
pay fw sueh inwrxxt ~w ~ny part ttx~eof vr~ehovt w~iv;ry a aflect:ng ~~y o; ..w~, ::e<~, rqu.rr, o~ r~~~+ ~nJe~ w by vi.~ue of ~h;s Maegaye. and the ~
f~ll ~mouel o} t~ch u+d e•~ery such payn.zm shatl tk ~mmedietely d~e a~d payaWe a~~J sh,t1 b~•a~ ~„~~r~s~ I~an tha da:r thc~eof unt~l po~d at ths ~ate ol
n~ne per ttvuum p~r ~nnum Otl~ lG~Alh`~ N~th wch i~vc•cat st~.ii ix arc.,~rd by tlK t~en o~ lh~s mortgagc.
Tp pKmif, aWr?nil o~ fu11N no vreafr, ul~pairnicit o~ d«Jrr+u~alNe~ of sa~~ {>roE.erty cr any ~~rf th~reOf, .
S. To p~y NI aod singulu 1he cosl~, charge~ and expe,urs, ]nciud~nfl a reasw,ab?r a~rornry i fcr and cos~s ol abstracb ol 1iHe, incurred w paid al ~
en~ time by sa~d MORTGAG:E, becauso or in tl+e even? of the fa,iure .~n ti,e ev.t of ~he s.~:d MJkIGnGUR ?o d~:y, p:a+~p~ly and tu~~y per(wm, d~scharqe.
exrcut~. ef(ecf. tompkte. ca++y~ly w~rh and ab de by e.+ch ~nd evrry t'.e se~~~;,!ar:~.ss. a~r.•r,.:.•,~fa. co»d~~.ons. and covenann o{ La~d pran;:aory note ar.d tl+:s
ne~yy~ any w ei~her, and sa.d costs, charyes and eapensrs, each and e.e.y, sfiaii i4~.tr~y d w a~d paya6:c: ~nhether w ~o! ~?~e~e be ~onco dr
mand, attempt 1o to~kct w wit ~+e~d~ny; a~xl the f~U a+nount of cach a~xl e+rrr~~ si:F~ y,,,..~rn1 ahati t;car ~;~~crrsr f~om the date thercof uetil paid a1 th~ j
~.f~e of nine per centvm ~rr an.~~:r.; arw r1t said cost~, chargrs r.~d .'~~krirs i~K~rrrd ur pe~d, +oy_:i~e~ w~~h such ~n~ereat, stuil tx sec~rad Dy she t~ 01 tha ~
morl9ay~.
0. 1'??~t (a) ie the ereM oi any b~each oi this Mort~age w deiav:~ on ~?r p.•~e e~ ttOAtGnGOR, w,b) tn the e~ent any of sa:d sums of money ~
hereio refe~rcd ra be not p~anprly ~nd !u!!y paid aiihin fh,rty i3J} d.,,s nea~ a~r•_r ~h~ s., ~;e sevcro.:y Geco.nc duc and payab!e. WitlWUt dCmdnd p ffOIKl,
or (d ia 1he ev:nt eech and ercry ~he ~tiputatwns, sgreeme~ts, cw:d~r~ons a~xi cuYe~~ar,ts o! 1d:I ~•~J't1~iSO1y note a~d th.s nw~tgage any w either a~e no1
i~Iy. Promp~ly snd fu!~y pe.formed. d xharged. eaecuted. etfecrret. comp;ere~. co:np+~ed wnh snd ab•J_-d Sv, then ~n e.~he+ or any ~uch eveN the sa~d ag
gr~yat~ aum fn~ntu~iE't~ in sa~d promisaory note Iha~l rri~~din~rw7 ~n~.:~. with ~r.lcrr,t .f<C'u~:/. a~K~ .+:I ~rqr.~~S xcu.ec hr~eb~. Shdl~ 1]CCOm! /~u! ir`3 wy-
ab~e ~wlhwith, a theres`tc•, at ~he opnon o! s. ~d A~ORiGAGFf, as f~:~y a.d ccmp(et.•:y ea :i ati o~ t~~,e s.+~d s~ms of rtqriry we~e or~~nally s~~pv.ated
_ ro be pa~d on such day. a.ayfh,ng in ss:d pran~ss.xy note or in ~his A~a±ga. ~ tu th~ .o+ifrary ~ot.vnhirancf+ng: and thr~~w~wn or the~caiter a~ the opuo~ of f
• sa,d MORTGAGEE, w~tF.uut net~ce w dcma~xl, su~t et law ea in ea~~t~, the~efure or tl~rr~ahrr txqun, may be prosecuted as if s!1 rtqncys sec~red hereby ~
nnd matured pr~o~ to ~?s ~nst~f~ew~, ~
7. TRat in the eve~t that et the beginse~ng of or at rny tine pend;cfl any s~~t vG~cn sh;s 1J.ortgege, or to faeclose it, w to reform it, o~ fo enfwcp
patiment o! any etaims f+e-eu~+der. ss~d MOATGAGFE sha~l app!y to thr Co.;*~ havu~g tur~sd:cs;~.n tlKero! 'or the af;po~nhnent oi • Rece:ver, suc~+ Cowl shall
Fo:thwilh sppctint a rKe~•r~ of sa~d m~rtgaged p~ooerty atl and sir.guiar, i~u:uJ ~~g ad .~~rd s r~~u~ar tiK IR~,j?n1~, ~;~ohts, iasves and revenues from whefever
sovc~ dr•ived, exh •nd e.ery oi .vh;ch, :t be~r.9 express~y u~~akrswod. n Rr.rrb~ a:o:r~a;.•d os ~1 s~~ec~iKelty se~ io+~h and descrlbed in the granting and~ ~
hat~endum cla~us f+errof, a~d such Receivr. shall have all the br~ad and r!f~f.v~• i~.•;e.e:u a~~e! po»e~s in anywne eMrusted by a Covrr to a Receirer, and ;
s~ch appointmerv sha11 ~ n•ade bv such Co~~~ as an ad•n~ttrd equ~ty ared a irwTrer ol ab+wut: r,yh~ to se~d MORiGAGEE, and without reterente to the ~
adeqvacy Or inadeqvacy of :he wtue of rF,e proprrry mongaged pr ~o thr s^..r~ncy o~ L~;e;vencv o1 sa~d MOR~GAGOR a the deienda~ts. and ~haf suth
.en~s. profits, income, iss~rs end rover.~:es shall be appGed ay suc6 Rece~~er accorti~~og ~o the l~en a eqwry o( sa;d MORiGAGEE aud the praaKe of such
Courf.
8. To d~:y, promprly and ful~y pe~fwm, discharge, execut~, etfect, cornplc~e, cwnply w;th ar~d ab~de by each and every the stipulations, agreerrKnts,
conditions and coven~nrs ~n s~~d prom~aaory nete and th~s mortgaqe se~ f«th.
9. TMt i~ the e•e~• ~he ownenh~Q of the mwtgaged p~emnes, or any pa~t 1hc~eof, Eccomes rested in a person other thsn the MORiGAGOR, the
h•ORTGAGEE, its wcc. sson ar.d ass~gns. rt~y, w~~ho~~ rw~~ce to the ~10RiGAVR, ~'~•ei wnh su:h sutcessa or successo~ in interest w~th rele~e~ce to thh
mortgege and the Jrbi ~ercbv secwed i~ tht sam~ mar~~:er as ~.~~h fA~rTif33J! w,fh;;~r m any way vit:ating or d~ulwrging the Rbrrgrgo~s' liab;l:ty herr
ur.der w uFwn the debf hereby secur~cl. No sa;e of ~he Eren,~srs hrreb~ ••:c•~~g.:g~•d a~~d no 4o~bearan~e o~ the pa.t of ~he MORTGAGEE or its successws
or ass~gns and no e~+~~-+s~on of rF,~ t~me for rhe pay~~e~t of ti,e deb~ herct•y secared g~.•en by the A10R7GAGE`_ or iri wccessors or au~gns, a~»II operate
ro re4ase, d,xharge, mod~fy change w aFfecr e?~e or~g.na! I;aa.:ny of rhe M.CRiGAGOR herr,n, e~ther in whole w in par~.
lt~_ !t is spevficaUy agrted that ti.ne is of the esser.ce of th~s co~,rrac~ ar.d the+ .+e wa~ve~ of an~ o6~:gatw~ hereunder w of the oblgation sr
cvred Fiereby sha!~ at any time thereafees ~ he:d to be s wa~rrr of t1,e terms hereof u of fhe inst~ument src~red herby.
11. In rdd.r[,~ to ?tie for~ao ,n ••~JnTIi'Y p~ym_MS of p:~,:~p~,i and ~:~r-.~sr r~~:,v~red b+ t},e F,~omSSCry no~;- sc:~.nl he+eb/. mortgagw covenants
e-d agr~s to ~+a~ ro mo-•gagee ,~:rh ea.h mamh~y~ ;~ay• •ent an ao:i.:~ooai su^. c.s. . ared i,; •-:~•ry.,g¢2 to be equa~ ta 1, 12 01 ttie aan~al cos~ of the foilow-
.n~:
A-All real p~openy ta~rs le•:~c~ or aisess~•d aga~sst tn~ a6o.r drs:^b- d r_ rse.,•c.
B-Prem,~ :,s on f~re and w:~xfsto~m insurar.~e as here+n rcquned fo t,~~ ca•::. d c•~ !h~ ;.rovemen?s s:rvate on th~ abov~ desvabed premi,es.
C-Prem~~~~s o~ wch morr~ ~gp gua~3nty ;cw~a~.ce as m.o+rga .er s~ a~~ '•-c~.- r-r r To d_•et*, t~t to carry o~ the loan sec~,~ed hercb,r.
Mortgag¢e sha ' f-~m rtme ro t~mc ner;fy mcrtyagor :n v~r;r~r-g of the o~~t 3~
~ aed p3y'd'J~~! ~IC~CJ~1(~rr and such su~n shall th~re~Non b. due ar~d
.n~abTe on thr d~e aa•e of thr n~ir neonth:y pay~*ent a~~d each s~ccessive •+o•,~h t~e:_~aft~r ;,;.nt mertgagee shalt nos~fy mprtyagor of a~hange in such~~
j-ount, Svch sums stia.? ^e ap~:~td 'ny mcytgagee toward the paymrnt ef rea~ gro~-e•t,r ta,cet, inwracice prem.ums, a~id mo~tgayr guaranly insurance
rem~vmf.
IN \YIINESS Y.'HERcQf ~he sa~d Nk7RTGAGOR has hrreurno set his h.~r.~ end seai the day arx~- ar (~rs1 afwes~d.
1, ~Z~~d,
s~.~ d~~~„ d~~~
~d °s:
= I P - - - a~
Witness ~ ~s e . se
_ , « - ~
'Jc`.- , ~-.~:.cG ~~.~c~~I (Seaq
~tne s Ess e ouse
- - ~5eaq
S%A7E OF~ I~+lichigan ' ~
. ; ~
~~UNFY OF .~..{.-'(_{.l-...,G !
8efore me personalty appear~ J@SS~@ J. I~'O11S@
ES3~C F0115e ~ h~: wife, to me we~l known and known to me to be
rne ir~d~vidwis dpsu~bed i~ and who executed the fore~ og instrument, and acknaw;edged before me that !hey executed the same for the purposes
~•~M ~~v~- n~a ,n~ sa[d_ ES$1e Fouse
x:fe of the wid ~ ,~@Sg~_3i.L._r~]3$Q_ uPe^ a s~riw"aq~ ~h
e.a~n~~ar~on by me taien se~arate and apart from her sa:d busband, aci~ow:edged to a~d be'o.e rrx tbat s~e eaecured said instrurt~ewK~sy~
~an~~ and w,tFqvt sny cwe~avis~oo, constr_;m, apprehena:on~ ot fear of or from her said husba~d. i . ~ r
WITNEU mr hand and offiual us! this__ dey oi---..-__--i--~-~~ ~ ~~j~-,_,` •a •
` ~ ---~-r+ , ~
` t ~ [ . . .
_]ty' _ \..~-L. ~--1~. v : ~r' !
Notary PobGc in and for the Stste:,o pt
J
My Comm,asbon e~cpitty: • . J ~
(~~t„ro Tp- ~ •
$-5-73 ~
first F~ral 5avirys L ioan /lsfoc<at.or - ' / . . ~ . : ~ w
Of :ore r r•c. _ v . ~ .
~ -
~M1 G,.fiC. FrW'::i ~ " , '
This Instrument Prepared By W111. E. Braun
First Federai Sav~ngs d~ Loon Associar;on
of Fort P;erce ~ Floridg
Checked By ~ - - _ -
bDOfc 1~