HomeMy WebLinkAbout2268 To pl~ce and co~rinuousty kecp on ~he bu~'d~agi r•ow or As~~a(~e~ s+ewn o~ sa,d I~nd and o~ •C eq~~p~nen~ ~,~d pe~aona~~r co.e~ed by tht~ mort~
age. wiih ail prrn:.vms the.eon pa.d lult, hre inswance m ~M ui~a{ srs~.dard po~~ty ~form, :n a i..n, cHNru.ed br mr AtJk~'"valiEE. a~~d w~~tam
~~f~~ante ~n ~he vswl s~andard po:,cy fo~m, in • wm ac;p~o.ed by the A~RTGAGEE, io ~uch co~r,p~ay oa canf~an.es aa N~e M041GAGEE m~y
d+rect; and a!1 l;~e ~nd w,nsfstorm m~uiante pal~c~es on any 'O( sa~d bu:~u.~qf. any inte~esl Iherrui ur pa.~ rh,•~eol. in ~he o~gr,~ga~c sum afwtsa~d w
.n eacrss thereof, ahafl cw+~am ~he uwai ~~a^drrd ~:.«~g~ge~ c~.~use or such o~F?er c:auss as ~he M~~yajre may ~cq,..re, m~l~~~g me ;oss ~nc1~v aa,d poli-
c~ea. e~ch ~od ev~ry. par~b'e to s~~d A1pRIGAGtE af ~tt ~n~rrrs? n,aY ~ppea~. and cach and eve~y avc6 Fo~~cy sF~ail 1,o prcHr.p~+y aiay~~rd e~,d da;i~ered to
any heid by sa~d 1NORI~AGiE as !u+~h~ srCW~fy ~o se~d mongage debt. a~~d. ~+ot less tMn trn (t0) da,s ~n ad..+~xe o1 ehr e+p~~sr~on oi e•ch ~oi~cy, to de-
1~~c~ ro ~e~d MORTGAGEE a re~uw.,~ Ihcr~of, toyNhe~ with a recc~pt for thc p~erewm of tucfi re+~eae~: a„d ~}~rfc s+•~~i ba ~w i.~e or w~~~duo~m insvr~nce
p~sced on any o1 sa~d bv~!drx~s, ony ,ntcres~ thcre~n a par~ thereol, unless ~n ihe fonn and w~~h ~he Icss pe~,?bJe as efc~ese~d; .nd ~a the event any tum
of money become~ payable v~Jrr such poiicy a poLue~ said A':ORiGAGEE ahalt Mve ~f?a oy~~on ~o ~ecu~ve a~}J apy!y t!~ se~~~e on accov:» ol the i+~debred-
neas secur~ Mrreby or ro perm~e sa~d MORIGAGORS ?o ~ece~.e ~nd use it or sny p,~r~ tlk:rof fc,r o:~,.~ ~~~s. .:~~~,.,..s ~h •,.,r ,y,;,.,;~ „r ~,~:~,,,r-
;ng a~y ey~d~, I:cn or riyht v~xk~ or by vut~e of Ihis mo-rgagc; and in 1he evrn~ w~d MORIGAGORS sha!1 lor any ~eas.x~ fail ~o Rrcp tAe sa~d prem~set so
~~su~.d, or feit to del~~ _r pranp~iy any oi sa~d poLe:es of infUrd~KQ to sa~d MOR]GAGEE, w fa! p.cm+~rly ?o psy f~:ty any rM:rctor w in an~
~espect faii ~o perFa•m, d~scha~ye, e~ec~te, eMea, comptrte, co:nply wi~h a.d ab~de by ~his cove~.+ne, a any p.~rl h~rec,f, se,d MGRtGAGEE may p~~ce a~d
pay fa such ~osurance or ~ny parl ther~at w~thout waivin~ a alf~tin~ any optipn, Gen. eqv~ty. o+ ngh~ ~ndr. or b/ wrtue o~ this Mo~rgaQe. r!K
h,+l s~rMwnt ol each i~x~ e.ery svch pavmmi sh~tl be ~m~ned~ately d~e and payabte a~~d she11 bear I~t.rrst fr~ the dete th~ reol u~~ul pa~d at the ~+t~ ol
~,,~u pr~ c~nr~m per ~~v~wn and ~o~r~h~-. w~~h such ~ntr.c•st shali be a~Y~red by the Gen o( th~s mo.tgage.
To permit, cort:mi~ w suffer no waste, impairn~nl p deterwratiwa.of sa~d proµvty o~ any part tlu~eof.
5. To pay all and singuler the coats, cMrgcs and ex~xs. ~nclud~ng a reasonable attwney's ~e~ and cosrs of abu~.ycrs of t~r'e, incurred o~ pa~d at
iny t~me br sa;d h10RIGAGEE, becouse w]~ the eYe~~~ oi ~he fmlure or+ ~he par~ of th~ sa[d M~RiGAGOR to d•~!Y• N~~"F~~Y +^d f~;~V V«~«m, d~uharge,
e¦ecutr, effec~, canp2tte, co+nply w~~h a~:d ab de by rxh and every ~he sripv~a~~ons, agra~ments, co~,du~aa, and wve~~an~s of so~d p•a: „sory rw~re a~d th~s
~,~rrg~ga any o~ e~~her, and sa:d cosn, chargea i~x1 upenxs, each and every, sMll be ~mmcdrolt~y dvz and pay~b'r; wt~eehe. p not tl+ere be nor,~e de
men~, attampt fo col;~t or suie pr~~,ng; and ~he full a~npunt of eech and every such p~yn..nf ahsll bear ~m,:rest fio.n ~he dare the~ro4 umi! pa:d ~t ~he
r.,ti- u~ n~ne H~r tensu•» ~~~•r ann~ ~nd ati sa~d tosts, chargrs and e~;~rniea incurred or p~~d, ~ogr+ker w,eh s~ch u~tr~est, sfw~l ~ srcured by the I~en of th~~
mOrl~asp.
6. That (a1 in the eve~t o( any breach o~ thts Mwtgage o~ defauit on tFK part of the lM.ORTGAGOR, or ;b) ~n t?K event s~y of sa:d avms of money
h~rei~ re!e~r vi ~o b._ not pron~~aty and t~~ly pa~d N~th~n th.rty (30) days neat aieer ~t~e ~ame Severo:iy bCCO•nc ct~e and pa~.+b'e, w~~1wu~ demand or nohte,
or (c) in rhe e.em r~ch and every the snpv.as~ons, agreements, cond~t~ons and covenants of sa•d pro~n;sswy ~wte a~~d ~h,s rr~ortgage a~y a e~~he~ are ~W
i~ty. ar.~n,pNy ani! f~i:y pcrlormCd. d,schargcd. e~rC~t~. e~fKtCd. Completed. tompl~ed w~th and ab~J~~d 5,r. then m e.th~:r a any fuch event tRe aa:d a¢
g~rgate sum ment~oned ~n >a~d pro~+~~sso_=y nore th~.~ re~naimng unpa~d. w.~h ~mere;~ attru~d, and ~u nro.i}~scc~red firrrby, shall betwne dve and pa~-
ab.e forthw~th, or therea~~cr, at ihe opt,on u1 s.:~d MORIGAGEE, as lully and comp!e~ely as it a11 of ~hr aa~d ~..ans of .nu~ey were ongl~~tly s~•puiated
to be pe~d on s~Kl. day, an~thing i~ ~a d promusory note or in this Mwtgaqe to thr conrrary oorx.rhsea~~d:<<g; and rhr.,rupon a tMrrraftrr at the opt~on of
s., d MORiGAGEE, v+ahow ~:oT,cr o~ dr~nand, au~t at law w in equ~ty, thcrefwe M thereaher begun, may bc }~~oarcuted es ~f all mone~s setured hereby
n_,d matu~ed {N~Or to ~~S insbtvt~.~,
7. Tha~ in the event ~het ~t tAe bryi~ntng of o~ at any time pcndi~+g any suit upan :his 1~tatga9e, w to forectote it, or fo re~orm et, pr to enforc~
paymen~ 01 any CIJnTs h~rec„dr., sa~d MORTGAGEE shatl eppty to the Cou~t hawng ~unsd.u~c,o ~hereof lor ~he apHw~ntmrnt oi a Qecr~rer, svch Court shall 3
forrhwlrh apFm~ni ~ rqe+vrr of si~d mertgaytd p~ouerty all and sing~lar, incivd.ng ail ar.d s~~gular t!~e intomc, proi~t~, ~asues and reven~ea tran whetQver
sovrce drnved. rach and etiery of wh.:h, ~r tx.eg eapress~y u~dersrood, ,s he~eby mortgagrd as if ~pec:l~ca7:y xt lorth and descr~bed i~ tFx g.am,ng and
habendom cta~ses her~wl. and wch Rcce~ve. s!+a~l F+ave all the brwd and efl~cr~vr F~oa.ons +nd powers in anyw~se entr~sfrd by a Co~~t to a Rccriver, and
s~ch sppoint~nent ah~u b~ mrde by svch Co~rt aa an ad~ait~rd equity and a~naner ot abiolvte ngh~ ?o sa~d h10RIGAGEE, and w,rhow ~e(e~ence to ths
eucqvecy w inadeq~•acy ot thr vatve of ~he p~ope.~y mo•~g•ged or to the so~vency w ~nso;vency ol sa~d AAORiGAvOR a Ihe dri~ndants, a~+d ~hat a~ch ~
i
rents, prof~ts, inco~nr. issues and revenues shail be appiied by such Rec~iver a:cerdu~g to the lien ot equity of 3a~d MOkTGAGEE and the µ~actica of sucA i
Court.
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8. io dvly, prompt:y and fully pertorm, dfscharge, eaec~re, e(tecr, ~~mplete, comply with e+~d abide by each and every the stipi,:ations, agreementi,
conditions and cu•.eaams ~n ea~d promiasory note and th~s mortgage srt fw~h. ~
9. That in ihe e.:~~t fhc owroe~ship ol ?he mo~tgaged prem~ses, w any pa~t the~eof, be~omes v~sted in • peryon other than the MORTGAGOR, th~ .
MORiGAGEE, irs wccessors and ais:gns, n.ay, w:~bov~ no~,ce to fhe MORtGAOR, deal w~~h such s~cessor w successw in interFaf wi~h reference to th~s '
mortgage and fhc d_u• rcrcby securcd in the same manne? as w~th ldortgego- withoul in any way vit.ating pr d~xharging the Mortgagors' IiabiGty h~rr ~
under or uF~on ~he de±.T he+cby se:~red. No saie of the Fremisss hereby mortgeged and no forbearance on ~he pan of fhr /AORiGAGEE or its s~ccessws ~
or a:signs end ne e~rcrs~on ot tF~e t~me tor ehe paymeM of the debt hereby s~tureJ given by the MORTGAGE°_ c~ ifs successws or ass~gns, snall operate j
to retease, d~scharge, mod~fy cfiange o? affect the orig:nal liau~Gry of the MORIGAGOR here~n, either in who:e or in part. i
10. It is spec~f~cafly agrerd lhat time is of the essence of !his co~tr~~t and that no wsiver o~ any obl;gar~on here~nd~r or of tl~e o4liQation se ~
cvred hereby sha'~ at any tirt:e thereafrer be held to be a waire~ of the terms hereol or of the instrumeN secu.ed herby. j
I1_ In acid t.oa to fhe foreg~ ~:g month!y paymsms of princ pal and interest requ~red by the prom:sscry no•e sccvrrd hereb/, mwtgagor covenants
and agrees fo rsy fe n:oreg3gee ~.~rh each r»onthiy p~y~.~er.t an add;r:w~at sum esnmared by mortgagee to k,e equai ro 1 i2 of the annual cost of the foiiow-
,nq:
A-Ail r_al F,~operty laxrs ie+~ed o. assessed aga~•ist 1he aoove desc.ibed re•al estate. ~
B Fra~.•:~ •s on ~:-e and w~r.c~SIO•m mwrarce as he.e~n rcqv;.ed to be ca.r~ed an the Improvements s.tuate on the aoove d~scribrd ~xemises. j
C-Pre:n~~~,•s ov~ such mo~t;,~ge g~aranty ~r.sura~:ce as morfgagee shall from t*~e to t~me decm fit to carry pn the ioan secured hereby. i
Ator%ga~ce s:^•~ !~•o:n r;~.:r ro r~~~,e nor~fy~ morryaqor ~n w~~r~ng oi fhe amou~t dva and payable hereundrr and such surn shail there~pon be due and ~
ca,ab!e on th,r cive 6a•e ot the neat month:y payn,~nt and eacn successive month thereafter ~r.ti7 mortgager sh~ll not:fy mortgagor of a cha~ge in s~ch
z^~iwnt_ Such wms s!~a.: E;e app'ied 'oy mortgagee towatd ~he paymeM of real prp~rty •a:es, insuronce {xem.vms, a~~d mwigage gua.anty inswarxe
F?'!+miomS.
IN \VITNE~S :.'HERLQf ine sa~d MORTGAGOR has herevnto set his hand and seal the day and year first aforesa~d.
'gned, Sealed an.a eliver in t presence of: 7 .
~ , . - ~ ~ ~ ~h ~
, en~ min . a ~
fSe+~)
_
~ `1~~i~„e~,_ ,-~.~zl~~ - es~~n
ve ~ . o ~
(SeaO
;,TATE OF~awt Indiana ~ ~ • ~
COUNTY OF - l . L
Befae me,personally appeared Benjamin P~ ROt}l ~
Eve~n M~ pOt~I Fis wife, to rrK welt k~.own and known to me ro be
ihe Snd~viduals desc..bed ;n and wAo executed the fwe9oing instrument, and acknowledged before me that shey e:ecutcd the same for the purposes
rhere7n expressed. And the sn~d__~ EV@~yif M~ ROt~l •
~~Fe of the said _ -B~J]]dALYI1 P~ ROttl upon a aap~i~t~ and priv
e*am~natlon by mr taken separate and apart from her said hvsband, xknowledged to and befwe rt+e that afie eaetuted said insUURieM f~lr ~+d'~-
~ar~7y and w,thovt any comav;s;on, constra;nt, spprehens~on, p feu of a from her sa;d husband. .
WITNESS my hand r.d off;c;at sea! this day of_ ~~-r- • A. p. 19~: ~ 's~
_~.G~'_r' _'C_.f f. << - l _ - 1
- Notary Public in ~nd fw the State of ~f~a•at {~r~` ~
-
My Commestio~n ~x~.~:: Indiatid•. ~
Retum To:
i• l ,
iLy ot~. w_:cs '~i ~4 ~ . . • j
first iederal Savings d loan Associat:on ~ _ }
O4 Fort P..:te ~~I~~'~ ~~~0~
Fort P~?rce, F~or;~j.~ t ~
iT
LUCIE CflUMTr f1A~.
Richard K ~OCEA POITRA=
' This Instrument Prepared By . Kayes ClfRR C,RCyIt pp~Rt ~
First Fede~al Savings d~ Loan Associafion 11ECOf10 YfRIf1E0~~
_ ' of Fort Pierce~ Florlda ~
Chetked By 2~-------- - ~ ~ ~ I~~t)
~t q
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