HomeMy WebLinkAbout1502 3. To pisca and conrinuous~~ ke+p on rl.s bu+:dinp~ now a hareaftK ~Iwte on aa~d land and on ali cq~'pne~~ and p~.sa+~lly covered by ~tiis rnw~p~
y~, wl~F~ ~11 pre~„umi ~hareon pa~d in f~tl, lue insv~~~ce in rh~ vs~ai s~andud po{~cy Iwm, in a sum eppro~cd by the MOR~GAGEE, ~nd w~nds?wm
(nw~ance i~ ~hs uswl ~~sndard po!~cy Iwm, In • svir? app:oved by ~he MORTGAGEE. in wch tanpany o~ compwn~es as tM MORiGAGEE nuy
d;rscfJ and ail firs ~nd w~nd~~o~m insurante polic~e~ on ~~y of tasd build~nys, any i~r~rtst 1F+erein or pa~~ thercol, i~ the ~gre9a~s tum atweiaid or
in ~xbss ~hrreof. shall contain +he usual s~a~xiard ma~9~ge~ cfava a suth oilw~ daus~ ai tM N1w~flagea may reQ.,.re, malin~ rhe tosi u~der sa,d poli-
c~es, exA snd eve~Y, payab~e ro said MORiGAGEE a~ ~1s ~n~errst .nay appea~, a~d erch a+x! ev~~y svch pot~cy shall be p.omp~~Y a~s 9nrd a++d de+;ve~ed +o
any held by s~id MOR1GAGiE aa tureher sec~~iry to said morr9age deb?, and, np1 leu than ten (10) days in advancs oi the eapi~~uw? of ~ach polKy, tp d~- E
Gvea to said MORTGAGEE a ie~xv~al IFw~r~of, togr~hH with a recr:pr fw tha pr~mivm o! such ~anrwal; a„d 1he.• yha? tre no f~re or windsto.m i~~w~ncs
pt~~ad en any of sa~d bu~~d~ngs. •n~ ~nieres~ the~e~n w par~ the~eo(, u~less in ~FK fwm and w~th 11K ~oss payable ai afcxesaid: and in ~F~ •~.+t any sum
of mor,ey becanes pa~able w~de~ such pol=cy or pol~uas sad MORTGAGEE sM17 haw ths opTwn to raca~ve e~~d apply rhe sa~ne or+ accoune o) t:a tndeb~ed- f
ness secur~d hereby a ro pcimit sa;d MOR~f+AGORS to recriv~ snd us~ it or any pa,1 ther~ol iw otncr ~.yf~~~SCS, \'~~~1)~JI ~h_~.u~ wai~i:~ or ,mpa~r-
iny any equity, lien w r:ght vndtr ot by virtue of this mor!yage; and io tM tvem u~d MORTGAGORS shatt (w any reason fa~i to krep the ~a~d prem~ses so
insured, w fail to deliver prwrpi~y any ot sa~d poticies o) inswancs to taid MORIGAGfE, u fail prompf~v to pay luUy any pre~nium tP+e~e1o~ p in any ~
respect lail ~o perfam, d;scharge, execu~e, effect, tompk~e. c.r.nply wi~h a~d abide by th~s cove~am, or any par~ hsrcoi, sa~d MORTGAGEE may p?ace ~~+di ~
pev ior such insurence w~ny part lhzreoi w~~hou1 waiv~np or alfec~tn~ a~y op~~on, (ien. equ~W. w r~gA~ u~der w by v~rtw o! rA;s Ma~Qage, and tM
f~:! anwv~t of ~xh and ltiery SucA paymsnl shal! 6e invnediately dve and p~yable and sl+alt bear iroereat from the date tF~e~eof u~ril paid a~ ~he raq o1
~~~~e per ce~wm per ann~m a~x! ro~rih~•r w;~h such imeresf shall be secwed by the tien of th~i mo.rpage.
1. To permi~, commit w su(fer no wa~re. impairment w deterioration of said p.oprrry q a~y pan thcreo(.
S. To pay att and sing~;sr the costs, charqes u~d eapenu~, i~c(~di~+g a reesaubis •nwneY's fes and cos~s of ab~trscls oi tiflr, i~curred or paid a~
any ume by sa~d AK:RiGAG:E, becouse or ~n ~he event of thr fa~lwe on the par~ of ~1?e sa~d MORTGAGpR to du:y, pranpely and fully pwtwm, d~uhs~~e.
execute, etfetl, carplete, comply w~~h and +b:de by eac~+ +nd every the supulatwna, agrer.nrn~e, rond'u~ons, and covenants o~ su~d p~om~isory note and M~s
mor~9age any or e~~he.. and sa:d coses, charges and eapenxs, eKh ~nd evc?y, shall be imm~dialely dve and payable: wi~r~her o. not +lxre be no~Ke dc
r„and. attempl ro coitec~ or su~1 pe~~d:ng: and th~ full amouM of each and evcry such paymcnt shall bc~r in+e~eat from ~he da~e thercof uniil pa~d st tl~e
r,te o~ nine pe~ crnTU~n ~v an~.u~i; aaw~ a~l sa~~ costs, cha~yea and ex~rnus inturred or paiel, togetAea w~lh such ~nreiest, shali i.~e seturcd by tAe lien of th~s
mOr19~s. . .
6. Thst (s) in the event oF any breach of th~s 1Norrgaga o~ deFautt on tFK par! of the VIORiGAGOR, a;b} in the event ~ny ol ss:d svms of money
hrrein refe~red to bc ~ot pro~np:ly and fuliy pa~d within th~.~y (30i days ~ea+ af~e+ ~he same stveri;iy br_o,nc aue antl paysble, wirFw~t de,nand pr notice,
cr (c) in ~he evem each and every il,e stipviat~on:, agreements, cond~t~ona end covenanb of sa•d p~anisso:y ao:e a~d th.s mortgaye a~y a e~tAer are no1
iuly, p?ompt7y and iw~y performed, d,uhargxd e¦ecuted, etfected, compie:ed, compl:ed w~~h and ab~ded yy, then ~n m~hcr w any such event th~ sa~d ag
a~egate sum menr,oned ;n ta~d prornisswy nvre thrn re.na,ning vnpa~d, wi?b imereat acuued, and at: moneys secured hereby, shatt becpne dv~ ~nd p~y.
e5:e fo~thwirh, w thereaf~er, st 1he o~nen o: aa~d tlORTGAGEE, ss fully a~d corr~letely as if all uf the sa~d s~ms of money we~e wg~na~ty st~pulated
~o be p.~d on such day. anyr~,~ng in sa.d pro~r::sswy ~ote or in this Moe~gagr ro ~he conrrary notw~ehstanJ,~~g: and ~I+ereupen a~he~eifre? ths op~wn of
sa~d MORTGAGEE, w~rhovt na~=ce or demand, w~t at law or in equity, therefore or tF~erealtcr begun, may be prosecuted as if all moneYS aecured hereby
nad mawred pr:w to ~~s instit~t;on. ' ,
4
7. Thae in ~he event rhar at ~he beginnang oi p at any i;rr~e per?d;ny any suit upon thls Mprtgage, or ro for~lose it, pi fo ~elorm it, p?O MIMM
paymenf of any cia~+ns hereu~~der, se6d N1pRTGAGEE shall apply to ~he Court having ~unsd.aio~ thereof fw the appointLn~nt oi a Rece~ver, such Cwr~t a6a11
forshwith ~pppint a~cce~~rr af said mortgaged pro~cvty aii and singuiar, inttud.nq a~l a~d aing~lar th.: income, proi~'s, isaves a~^d reva~ves from .vhatQver
sov~ce der~~ed, each •«d every of wh ch, bF,r,q eaFressly u.+oers~ood, is hereby morfgaacd as ~f syeuf~cally set 1ca~A and dew~bed io the graa~ing and
habend~m davses Rer~of, and such Rece~ver shail have a11 the b.oad a~+d effect~Ye fvnct:ons ar.d pp,ne~s ~n anyw~se entrv~{pd by a Cou~t to a Receiver, ~nd
s_ch appointmenr sRaU Oe made by svch ~ourt as an admitted eauity snd a marter of sbsotvre r~gnr M se;d MORIG`AGEE, and withou? ~efayente ro the
a: ,.~quacy a inedeq~aey of tAe va:ue of the proper~y m~rfgaged w to the so,venty or :nso:vency of said MORiGAGOR w fhe .~lef~nd+m~, and that such
~e~n, proh:s, i~,come, ~:sues a~d revenues shali be applied by sucA Rece+ve~ ~ccwd+ng ~o ~he lien w equrty of sa;d N1~RiGAGEE and ~~he prau~ce of sucA
Covrt.
8. io d~ly, promprly and fully perfo+m, discharge, exccu+e, effect, complete, comply w~th and ab~de by each and every the sNpu~ations, ap~eem~nts,
cond~t~ons-and covenann m se,d prom;ssory nose and th~s s~xtgage set fx~h.
9. That in ~he eve~t rhe ow~e~sh~p of the mo.~gaged prem:ses, a any part tt+e.eof, becomes vested in ~ pery~r~ o~her than the MpRTGAGOit, tht
A'ORTGAGEE, its ~uccessas a:,d sss~gns, may, w;ihou~ no:~ce to the MORTGAOR, d.:a1 with such successor a s~ccessor in ente:est w~th relerence ~o this
~v+gage aod the d~oi fie~e:~y sacur~ in the same Mdm~N as w+th fdortgago. w:~h~ut in any way vit:ating w d~uharg~ng ~he /rlorfgagon' liabiirty FKrQ-
u~„er a v~wn the drb~ h,~eb~ sccured. Ne sale of r~e prem;ses hereby mo.rgaqed and no forbearance on fhe pari of ~he MORTGAGEE or in successors
o. ass~gns ar.d ~o exrc~s:on of the fime fw the payn,ent of the debt herEby secured g~ven by the MORTGAGE~ o~ ~ts tuccessas w au;gns, ahall operete
~o re'ease, d~xharge, mod,fy ~hange w af5ecl the orig,nal liac~i~fy of ~ne MORTGAGOR here~n, eit~er in whole or in parf.
10. It is spec:~~cas~y agre~d thar f~me ~s of fhe esunce ot ~h;s ~a,tracr and ths~ no waiver of any ~tigar~on hereunde~ a of !he obliyation se-
r
c~red hereby shat~ a~ an~ t+me ~harrafrer be he:d ~o be a wa~va of the tcrms hereof a of thr ;~str~men~ fecured he~by_
11 In e:id ro ~he ic~ego ~~q ~^onth~y paym_nr~ of pr~:u pal and inre.es~ requ~red by the prpm Ssc~y no~e s;wred herebr, morrga~ar eovenants
j~:d agrees ro ~ay to -:o:tgao-e v~~th e3ch m~orh:y pa~+.~r~* an add~i~onal sum est•ma~ed by :nortgaget to be equai to i i2 of rSe ann;;al cost of the follow-
:-g.
A-AN reat pr~prny e.~¦~.s !e•~fed or assrsted ag~i•,st ~hc above desri5ed real estate.
B Frar-.v••n on f:re and w.~:ds~o••n .nsurarce ~s hcrz~n requ:~eti to be carrird en the ~mprovemenrs s:i~ete on ihe above d_naibed pr~mises.
VlP~1J1^S on such, n,o~+~.ige gaa~anty ~rsura.:ce as mo.~garee sha~1 !ror.: e:me ro nmt drem fit to carry on the ban secur~ hereby.
Mor~gegre sh.,'' ~~..m~i. r,~• b r,,,:e =~c:~f~ ~+cnyag~• •n w-ir~r.y of ~h~ ac-ovm d~e ard payabte herevndc-. and such su~ shai~ thereupon be due and
:.~~aele on fFc~ ci,e ca+e o• ~k~ .+e¦t .^ontn.r pay~^en! s~d each svccess~ve momh tF+areafte~ ~r.r~l mcrtgagee shall ~ot~fy mprt3jyp~ of a change in auch
~-~o~ne. $~cn s.:~:s v~ oe a;;~~.:~ed by morsgag~e roward the payme^t of r~al properry taaes, insurance Frem.ums, a•zd mwtgage gua,aMy insurance
c~'emiums_ ~ _
i
IN \YITNE;S N; R Ep~ rne sa~d AAORTGAC,QR has hcrevnro set his hand and seal the day and year tirst afwesa~d.
Sg~ed, Seated 6'~d d2~+vHlA in the presmce of:
- _ ~'"rn~ ~ . _~'~~,5.,
~ ~ n
- ~ (Se~~
- - - ~ / i ,Z - - --n
' - _ , I n--D
5~ E OF flOR10A ~ - ~
OUNiY OF - SL LIC lP_ ~
. _1
befwe me perw~+a~iy appearcd _ Elmet L. AiCGe@ '
a and
_ wiiana McGee W~r~. ro~ W~u .~,d k,,,,~.~, a~,+. a b.
++s
me ind~vidwls descr~bed in and v?ho e~ecuted ~F~e foreyang inst~ument, and scknowledged betore me that they ewecuted MY?. #~i1t~ tM th~ py?poses
kilma ~1ccGee _
therein tapressed. And the said_. +
«~fe of rhe sa~d ~I~I I.. 1?1cGee y,o;,1,.Q;;.r~ ~nd p'naN
e,amfnat~ by me taken separote and apart f~om her sa~d huab~r~. ~rq~~y~ b~~fae me that ~he eaecuted s~Aqu~n~ frFelr~.~nd vob~
rar~;y and w;thovt anr comrLla~on, constxaint, apprehens a~ feu of o? from her said husb~rw~. ; ~
yyliNE55 my hand and offic;af seal this.- ~
' day of -4-- ' • rs• l4 . 14 ~l
~ _ - - -
Notas Public in and ( the ~ t~,,~ `fJorida /t ~
My Comm~ss~on eapires: ' : • _•t
Re+u~n To: _
fhst Federal Savings b loan Assoc~at`o~ ~ipjAR~ Fi!4! !C: c- . "f ft QR~~[~%4`F=T~{~E .
Of Fort PF,~,. 11~ ~ ~~~'".:t' ~
fwt P~erca Ftonde G~NcRnL:i~~i:~ue~i~,[ _ ~::):.cti:.c~fER$.If~C.
~ 211u i $ '
7J
3 " ~ Fi~fO ati~ RECOROEO ~
ST.IUC~~ CJUfITY fLA. '
This Instrument P~epared By J. D. Chast~?in Rp~it~ F~~TRIIS ;
First fede~al Savings d~ loan Associatio:i CIEaK Ct~:CUIT COURT
of Fort Pierce ~ F1oZida RECOR~ vERiF1E0...~.-
Checked By (1~-_- ~ ~ ~ ~ ~1 ~
0 R
g~ox 1y3 150~ 1 js
u " -