HomeMy WebLinkAbout1498 7. To p!ac~ and cantirwousty ke~p on tM bui!d~rq~ now w i~tr~afier ~;~~p~ on u~d I~nd and on all equipnent and personally cove~ed by ~hii mwt~
eg~, w~ih all p.se,~,ums ~Ixveon pa~d u~ full, fus insurance ihe uswl ~~andard potKy torm, in a~un+ apµroved by ~he MOItfGAGEE, and Mr'u+d~~am
~nswu~ce in ~hs uswl atandard pot.cy lam, in a sum app~oved by ~ha MORTGAGEf, i~ such comFiny a tompanies as ~M MORTGAGfE may
duecC +nd ~11 l;re and w~ndsro:m inw~anc~ poficies an ar?y of ia~d buisd~ngs. ~.+y inter~s~ ~he.eu+ u pa~t the~cof, in the a~~epate sum afweiaid a i
in ~aces~ ~he.eof, sA,li con?a~n ~ha uswl sranda~d moregs9e~ clwsa ar ~uch ot1+H tlauso +i fhe Mrxtyegee may reqv~re, mali:g rhe to:~unde~ sa~d pcli~
c~rs, euh and svery, paysb~e ro sard 'AORTGI(GC-E--~~t~ inie~est matr ~qxar~ ~11d NLA i~KI ~very such po:~cy slull b~ promptly ass.~nec~ and d~~ive~ed ~o
aoy held by sa~d Mi;iR(i,AGEE ~s fv~tfi~r ~ecwity to said mw~gags debt, and, no~ lets ihsn ten (t01 day~ io adraicr ol the eapirat~on of each polECy, to dr
Gve~ b said MORTGAGEE a ~a~ewa~ the~eof, ~oyie~her with a rece~pt rw the premium of tuch renewai; and the~~ ~hall be no f~re or winda~wm inturanc~ ;
plsced on ~ny ol sa~d bu~ld~ngs. ~ny in~rres~ Iherean w par~ ti~ereot. unles~ in tht form u~u w~u. .he toss pa~abl~ as aforosaid: ~nd in tht ~vtnt a~y swn I
01 ma~ey becwncs payable u~de~ such policy w polKies said MORTGAGEE shall Mve ~he opnon w rece~ve and appty the sune on xcowu ot the indabted- #
nts: aecured herepy a M pe~mit aa.d MpRTGAGORS ro ret~eiv~ and uss if p any part ~hereof fw o:ikr F;,µ~F.osrs, .•..iiw~t ~h.r. u~ wair~.y o? uopel~- ]
ing ~ny equ~ry, lien ot r.yh1 uodcr a by virtue oF ~Ais mo;r~age; anrl in the trenl ~a~d AWRTGAGORS shall fa any reason fail to kccp ~he ~aid premtus so `
~nsured, a fail 1o deliva pranpdy any of said pol;ciea of insurance ro sa~d MCRTGAGfE, or fad prompdy to pay }ully any pre~n+um Iherefa w in any
respect fail a ge.fo.m, d~schargc, raecu~e, effec~, comylete, compty wi~h and ~bide by tlus -covenan+, w+~y p~r~ hrreof, sa~d MORTGSGEE may place ~nd
par fa such insu~e~xs w ~ny par~ ~he~cof withoul waivin~ w affecti~y a~y option. lien. equ~~y. w righr v~de~ o~ by v7rtue of this MatgaQe. ~nd the
f~tt a~rwu~t of each and e.~ery such paymem shall be immedi~~ely due and pyabie and ihall be~~ in?erest fran tha dat~ therwF un~+l paid tl ~M ~at~ of
n~~~r per cantum pN annum m~ to~rther with such inter~st shaU tx secured by ths lien of this mortgage. S
i
1. ~o pt~mit, cpnmit or suffe~ no waste, impa'ume~t a dete?ipr~tion of said proptrty or ~~y part thercof.
5. To pay all and s~ngv~ar ~he costs, chuges and expenses. ~nctud~ng a reasonabte a~to~ney's fee and coses of abstrxts of title, incwred o? paid ~t
any t~me by said MORTGAG:E, because a in the evem of the fa~lure on the pa~t of the said MORTGAGOQ ro du~y, pranpNy u+d fuily pertorm, d~uharg~.
rxecute, ef(ec?, comple~e, comply w~fh and ab:de by esch a~d every the s~~pulanona, ~greeme~rs, cor.drt~ont, and coyenanrs of sa~d p~antsaory nore aod this
rw~gage a~y o~ e~rher, and sa:d cosrs, charges and expe~ses, exh and every, shatl be immedia~ely dve and payab:e; whether a not ehe~e be ~o~ice cla
mand, atermpl to coflecl or wit pend,ng; and the {ull a~7wunt of each and ever~ auch payment tAall bea. ineerear from 1M dart thereof unril paid at the
~.~re o~ m~~ }~f: tentu~n ~r amw~n; a~~ au said coara, charges and eape~ises ~:xurred o~ paKl, +ogether w~~h such inreresl, shall be secured by tAe lien of thi~
mortpage. j
- _ _
6. Thal {a) in tha eve~f of any breach of this Mwtgay~ or default on the part of the MORiGAGOR, or ~b) in the evenl a~y of ss:d sw++s of rrsa~ey
hecein ro(e~red ro be oor p.a.,prty and iul+y pa~d wirhin ~h;~ty (3G) days next efter the same severaAy becorna due and payabte, wirhou~ dern~nd a ra~i:e, •
or (c) in the evcnt e~ch and every the supuiat:ons, agrecments, to~ditwns and co+renants of sa~d prom~sswy nota and th~s mwtQage ar~y or ei:her are nol '
i~ly, pran,ptly ane! fu;1y perfor~ned, d~xhargrd, execured, eftected, compkted, compfied 'w~th a~d ab~ded Sy, then in e~~hcr or any svch event tl?~ sa~d ag
g~egate sum me~noned ~n ;a~d p~om~ssory nnre thrn aemairting ~np,~,d, with inte~es? m+ued. rnd all ~nonCys secur~d hereby. shal! becpme due ar+d pay-
ab:r fathwifh, o~ rherea!fer, at tl~e oprpn of sa~d MORTGAGFE, aY fully and comptetely as ii att o! t!ee said sums of money were aginally s~~puleted
to be p++:d on such dsy, antthuvj in sa.d pro;nssary note a in this Mo~tgage to the co.+rrary notw~thsrand:ng; and ~hersu,pon or thereaher i~ the vp~:en o{
sa~d MORTGAGEE, w~thout nor~ce or ~rnand, w~t at law or in equ~ty, therefore or tAereaiter bequn, may be prpsec~ted as if all moneys ~e~u~ed F+ereby
ncd matured pnot to ~ts insr~:ur.on.
7. That in the eve~t ~har at the beginn~ng rf or ~t sny time p~ndirg any suif ~Non fhis Mwtgage, or to foreclose it, p b relo~m it, p~ to enfwq
paymeM uf any c~a;ms hercunde~, sa~d AIORTGAGEE shali apply to the Gourt .~aving jur~ad~uia~ fherrof io~ the appoantment of • Receiver, such towt sMl~
fo~fhwirh appa~nt a*eceivcr oF s.i~d mortgagrd prooerty all and singular, irxhd~rg all and au~gular ihe income, proi~ts, issues and revenues from whatever
source derived, each and every oF wi~~ch, ir beinq eapressly ur+dcnrood, is hereby mortgaged as ii spec~F~~~lly Kt {enh and dewibed ie the yr~ming and
h~bendum clauses F+er~~of, and such Qece~ve~ sha~l have alf the txoad and effective fu~+ct~ons and powers in anywue eotruated by a Cwrt ro a Receivsr, ~nd
s:ch sppointmrnt shaU be made by wch Court as an admitted equity arw! a matter d absolute ~~ghf /o sa~d MpR1GAGEE, and withov/ ielerence to Ihe
edeausq w inadequacy of the vai~e of ~M property mqngsg~d or :o tne so~vency w insotvency o~ said MORiGAGOR a 1he defendants, and that such
re~rs, profrts, irxome, lssues and rc~enues shaU be applied by lYCF1 RKCivH accwd~ng to the lien ot equit~ o( said N{ORTGAGE~ ated tFl! pfK1iC! Of iUCA
Court.
8. To duty, Fromp~ly and fully pe?fwm, d~scharge, execufe, eflecl, complete, comply w~~h snd abide by eath a~d erery thr stipulations, agreem~nts,
conditions and covenanrs m sa~d promissory r+ote and this mortgage set fath.
• 9_ That in the e~•e:~~ ti~e ownersh~p o1 the mortqsged premixs, or any part the~eof, betomes v~sted in a person ptF~ iha~ ~h~ p{pRTGAGpR, the
M1!CR7GAGEE, in successaas ar.d as3~gns, .r.sy, wi~hou~ nonce to the MORiGAOR, deal w~th such wccesso~e o~ s~ccessw io interest wi~h reference to this
mo~~gage and the drb+ hereby xcored in the same mar+ner as with Mortgago~ w~thout in any way vitialing p d~scha~ging the Mongagwi :iabitity FKrtr
~~der or ~}wn the d•_e+ hrrely secured. F1a ~ate of rhe prem~xs hereby mortgaget/ artd no foibea.ance on the pan Q~, rht ARORTGAGEE or its s~ccessois
cr ass~gns ar+d no e~.~e^s•an of rhe t~me iw the payme~t of the debt M~eby srcv~ed given by Ihe 1dORiGAGE~ or its succ~xs o~ auic~a, siull operat~
to reiease, d~scharge, mod:fy ~hange a affect the o+g~~al liab~l~ty of the MORiGAGOR Ixrein, either in whoie or in part.
, :0. It ;s spec:f~cal;y agr¢~-that t~ne +s of the essence of this con'traU and that no waiver o~ any obtigar.an Aereunder q p{ ~}M ~~~~p~
cured hereby shal~ at an~ time ttwreafter be held to be a wairer of the terms hereof a of the instwment secu~ed herby.
11. In a~d + ~o !o rhe !ortye ~ig ~nonth~y payments of princ'pal artd intr.es~ roqwred by ~he p~om[ssory np~¢ ~ured hrreb~, mortgagor covenants
a~d agrses to pay to morrgagK w,tA each menrh'y payr.:ent an add~r.~na~ sum est~mat~ by rr~tgagee fo be eqvai to i 12 ot the aanual cost of the follow-
<,g
A-A;+ .~a+ properry ta:,s le:~ed or assesseo agni•i:t thc abave descri~d real esrare.
B-F.r~:,unu on f~.e and w~r,ds~am insurarce as here~n requ~red to be carried o~ the ~mproveme~ts sltva:e o0 4he above dcu~~bed premius.
C-Prem;u:^s o~ s~ch morr~: ge 9uaranty insurar.~e as mortgaget shaif fror*? t me to time deem fit to carry =on the foan zecured l~reby.
Matgegee s~+a;l !*am rir.:e ro t~me nor;fy mortgagor in w.;t,ng of fF~e anwunt due and ps~abte hereundrr and such surn shatl there~pon be due and
:~~au!e on the d~e da+e of rhr nect munth:~ payment and each auccessive manth thereaftar ur.til mortgagee sha11 not~ty rrwrtgagor ol s chacxje in yuch
_ ouM. Such su:ns st.>'~ t~t app ied by mortgag~ towud the payment of reaJ properfy taxes, inw~a.~ce prem:ums, a~sd mortgage gva~anty c:.:;~:s„rg
~ ;"eTiums.
IN WtTN = ihe sa~d MORiGAGOR haa hcreunto set hia hand and seal ~he day and yeu f~rst afaesa~d.
Signed. ar, ive~ n fie e?esence of: ~,G~, ~
% :
~
~ - - ISea4 '
, _--~-~-._-_s~.n `
- - K--~
ST.ATE OF fLORIDA ~
St. Iucie ~ -
~~uyrr oF
s~r«~ ~ ano~~~y a~a?~d _ Johfl 'n'i.lliam $ramble
.1 a~di A gran+hl P h~s w~ic, to me wett known ar~d krwwn to me w b~
rhe ind~viaiwls descr;bed in and .ri4?o exetuted the {oregang instrument, ~nd acknow:edged before"me tMt they ezecuted the aame for the purposes
therein ~x~.e„~a. ~,a :a;d_ _ Claudia C. Bramt~le
~v:1e ~f the :r~a _ John William Bramble upon • sepuste snd pr'natt
e.aminst~o~ by me taae~ separare and apart from her said husband, sckrawledged to a~d before me that she executed said ir?strumem ireety and volwa
ra~e;y ar.d wahwt any ca„~u;swn, cor:st~a;nr, apprehe~s,on. ~fe~r of w fr~m her said husband. _ -
~YITNESS my hand and offic;sl xa! thii day of J~e A. D. 19 7t
_ _f ~_,f'~A _ ~4 / (
Notary Fublic in and fw the $tate of florida at
My Commission eap'ues. ! ` ' ~
Refum Io: ~ ~ -
(Y- ~ :
fint Federsl Savings 8 loan A:soc,ation 1-. ~ r .
O! fort Pe:te _ - ~~1~~V ~C 7/ t~ ~ "
Fort P~e~ce, Flo~~d~ ~ ~ -
f11E0 tMD RECORpEO f- ' "
ST ~uCiE COUMTr i~A '~C _
j
r
ROGEa POITRAS ' . , _ .
This Instrument Prepared By J. D. ChASt ERK CIiCU~T COURT : , i
First Fede~al Savings 8 Loan Association R~~DYERIf1E0~~ - ~`~:,-~4,
of Fort Pie~ce , Fioricla ~ ~ ~
~Q .111N Z~ ~ 09 ~ ~ - - -
Checked By
-~K~w~~ -
g'~~~ I y3 14~ - z,_
-
'~r~