HomeMy WebLinkAbout1030 3. To place and cantinuously keep a+ the bui!d~ngs now w hrreafte~ ~~fuare on sa~d !and and on all cq~~p:~~rnt and persona~~y covered by ~hi~ mor~g-
sgs, w~~h ~II premivms ~hereon pa~d in iull, fire ins~rance ~n thr usua! stand.ud po'.~c? fo~~n, in a a~m a~•N~o.ed i?r ~I~e .'~~?R;~•%.GC~, a~.d w~~~d3to~m
insurancs i~ the usual ttanda~d pol.ty }am, in a sum approved by the AS~RTGAGEE, in such ca~~~,any or to~~:~=an;es as ~he A~ORi'vAGEE may
direet; and all lire and windstorm insurante poliurs on any of soid bu~iJ~ngs, any inte~e~t thcre~n or pn+t therrof, ~n Ihe aggrrga~e sum aloresaid or
in excess Ihereo~, shaU contain the usual standa~d mo~tg~gee ciause oi such o~har c!:+u~e as ~he Mo~tyeyre ~nay ~ey~.re, n~aA~ng ~he icss unJer sa~d po~i•
uef, eath •nd every, payab~e to sa~d MORTGAGEE as ~ts ~ntrr~s? may appear, and each and every s~ch p:,::cy shall be p~ompny ass g~~ed ~~~d det~~ered ro
any held by faid MORiGAGEE as lurther security to said mor~gage debt. and, nol ~tts thao ten {i0) days in ad.~nce oF the erpua~~on of each poGty, to de-
live~ t0 said MORTGAGEE s renewal Ihe~eof, together with a rcceipt for the premium of svch renewa:; a:~d thrre sh~;l t,e ~~o f,re or w~~~:lstc~~n inwronte
plsced on ~~y o( said buildings, sny i~teresl thcrein or part the~eof, unl~ss in ~hc (onn a~~d wi~h ~he loss payab~e as a4o.rs~+id; and in ~he erent any wm
of money becomes payable uodea such policy w poGc~es sald MORTGAGEE ah~ll ha+e ~he oF:~:on ~o rec_~yr ,nd .+pF:r rhr s.+~~:r o~ dCCJJi1~ ol ~he i~~dtbtrJ-
nea secured l~ereby or lo permll ssid MORTGAGORS to reteive and use it a any pa,t tt~e:~•oi t<,r o.~~~ r~,ur; ~i,•s. ,h J• .Y_.~.~'3
iny eny equ~ty, lien o~ +igfit und2t Ot by vittue of this m0:'gage; a~d in the event ~a d MOR~GAGORS shali ioi any r~.uon fail to k~cp thC sa~J prem~a._S so
in3ured, or fail to delive~ pranptly any of said po~~cies of insurance to sa~d MORTGAGEE, or fa~i p~~~»pt~y ~o Ney f~.:~ a~~y p,re•~+.~~ ~ thc~vfor o~ ~n a~y
rrspect (ail to pe~(o~m, dncharge, eaecute, effecl, completr, comply wiih and abide by th~e covenanf, or any p,+rf hareoi, s.+~d M~,~:1"HGEE ~~~ay p~ace a•~o .
pey for such insurancs or any part thereof wifhout waiving w affec~ing any opt~on, lien, equ;ty, or ri~h~ vnd~~ or b~ v~~i.,e of ~h;s Mo~tg;ge, and the
full amount of Nth and every suth paymem shall be immediately due and payable and shrtl brar i~ih•~rst from tho dat~ thcrcoi un~~l p.,~d at the rate o1
nine per centum per annum and together w~th such inter~st shaii be srcured by Ihe i:en ol th~f mortgage.
I. To petmil, commit or suHer ~o waste, impairment or detenorat~on of sa~d propcrty or any part th~~~i.
5. To pay all and singul~r the costs, charges a~d expenaes, includ~ng a reasonaule attomey's fr,• ar.d cosas of al;sr~acts cf ~.s e. ~:~cur~ed or pa~d a~
any time by said MORTGAGfE, because or in the evero of the fa~lure on the part of the sa~d MORIGAGOk ~o duiy, ~,o r.~.t;y and f~:iy {:erfo~m, d~scnargz
~xecute, eftett, complete, comply w~th and ab:de by each and every the snp~~la~~ons, agrcr~,,e~:ts, co~jd~nons. and covr.+a~~•s o! s.:.d ,:~o^ nure a~~d ~i•~s
.~o~~gage any w e~ther, and sa~d costs, charges and expenses, each a~,d eve.y, shaN 6e ;~*~r.~~d~are~~y due and ~~a~nc:~~; v.hr+h•~r or not ~h~~e 6e no+,ce d.~
mand, attempt to collect or suit pend~ng; and the tult amo~M of each and e~ery avch pa~mem shall bea. ~nt~rrst !rom ~i~e da~e ther~•o+ ~ntii paid at th!
r,~e of n~ne per cenrvm per annurn; and afl said cos~s, charges and ~aF.e~~sns ~nc~rred or pa~d, toy~u.r. .v~th such ~~~~c~rst, shsu ue secur~d by ihr ;~en of th~~
mortpage. '
6. Th~t (a~ in the evem of sny breach of this Mortgage o~ default on tiw part oF thc !:.URTG ~GOR. or ;b) ~n tF.e event any of sa d su~ns of money
herein tefe+ted to be not promplly a/xl (utty pa+d w~~iun th~rty (30) da~t r,ext ~'ecr t!:r sa~~~° sc.•e•a't•~ t•e~o^~r d~c end nay..h!e, wl~lwut deinand or net~ce.
_ ar (c) in the eve~t each end every ~he stipulations, agreements, co~~dmo~~s and co~enants of sad ~:~o~r~.is~ry ~~o~.r a~~d th.s mu:tgay~• any or ather are no~ ~
---~uly, promptly and ful:y performed, datharged, executed, eifected. comp:etrd, co~»pl:ed w~th and at~~drd Sy, then ~n enhrr e~ any wch eve~t the ia~d ag~
gr~a/8 S:::r. ::.d :'n :a~.~ p::..r~isSwy note fhen remaining un~~e~d, with inte~r>I acuued, and a~~ moncyi iccured h~rrby, s1~o11 b_cume d~e and pay-
abie forthwith,^or thereaHer, et ttie option of said MORIGAGEE, as f~ily and conipiere'ry as ~i a+l of !hr s.~,d s~~ns oi n.oney were o•~g~na~ly st.pu;a~ed
io be pa=d on such day, anyth~ng in sa.d prom~ssory note or in ~F~is Mortgage f~ li~r cu.~~~ery nvtn~rhsta~~.::~~g, :.~.3 thcra~~F:o+~ or th~•rcc'!cr at thr c4~~on of
~:+~d MORTGAGEE, withaut no~~ce or demand, s~d at law or in equny, there4ore or thcreatier beyvn, may bc prosewtrd as ~f a!I monvya ~ewred hereby
n.~d mat~red pnw to ds inst~tut~on.
7_ That in the event that at fhe begi~ning of w at any time pend~ng any s~a upon th~s l~Ao~~gage, or to (u~ec!ose it, or to reform it, or to entorce
payment of any ciaims ~ercunder, said MORTGAG:E shall apply to the Cou~~ having ~ur~sd~t~on thc~eof to~ the dp~~O~~~f~r.Cnt of a Rece~ver, such Covrt sha~l
Fonhwith appo~nt a rrceiver of sai~ mortgaged prooerty all and s~ngu~ar, indud:ng a? and s~~~yu~ar t'+~e irtco~~+e, prohts, ias:.es and ~even~ea from wh~,fe~e~
seurce derived. each end erery of wh~ch, ~t being expressfy undeisrooel, is h.eret~y mo~~gagrd as iS sprc~i~cai:y se~ forth and descr~Ged in the g~ann~~g a~~d
habendum da~ses hereof, and such Receiver shall have all ~he broad a~~d effecr~ve {~~~c~ ens and po.Vers i~ anyw~se enr.~sr~-d bY a Co~+t to a Rec~~wer, a~~d
s..ch appointment shall be made by such Court as an admitted equity and a matter oi ausoi~te r~ght ro sa~d MURTGAGEE, a~d wr.heut refercnce to the
adeqvacy or inadequaty of the vstue oi the property mortgaqed or to the ao.vc~~cy or ~nso':ency of sa~d MORiGAGUR or the d=•fc~,da•~*s, a~:d ihal such
~~~+s, profits, inco.ne, issues and revenues shali be appifed by such Rece~ver ac:ord ~sg to ~ne iien w ryu~ty ~f sa~d MORiGi+GEE ar.d ~he pracnce of wch
Court.
8. To duly, promptly and fully perlorm, discharge, exec~te, effect, complete, con;pty w~~h and abide by each and evrry the st~pu~at~ons, agreemen~s.
co~ditions and covenanrs m uid promissory note and th~s mortgaqe set forih.
9_ That i~ the event the ownership of the mo~tgaged prem~ses, or any part thereo(, L•ecomea vested in a pc~son o~her than the MORTGAGOR, the
h'.ORTGAGEE, irs successws and ass~gns, may, without nor~ce to the ~ti!ORTGAOR, deal w~th s:.ch successor or wcce~sor in interes~ wi+h reEerence to th~s
~~e~~gage and the debt hereby secured in the same manner as wvth ti",or~~agor w~~hou~ ~n any .vay vif.at~ng or d,scl,a~g~ng the Mc~tgagors' IiabiGty her~
urcler or uFwn rhe debt hereby sewred. No sa:e of rhe Frem~ses hereby ~no~tgaged a~•.d no forbe~ra<<te on the part of ~i,e ?140Ri:;Ai,EE or its s:,ccessors
or ass~g~s and r.o extersion of the time for the payment of tt.e debt he~cby secured given by the MORiGAGE~ or its successors or ass.9ns, si~aH ope:ate
to reiease, d~scharge, modify change or ~affect the o~iginal liab.i:ty of the MORTGAGOR here:n, e+~her in whote or in part.
10. It is s,.rccf~cally agreed thet time is of the essencr oi thls con+racr and that no waiver of any obi:gat~or, here~r,der or of the obiigation s~
c~~ed hereby shalt at any time there~fter be held to be a waiver of the terms hereof or of the instrumem secu~ed tse*by.
1:. In add t;o~ to the forego n9 mor.th!y payments of p•ir.c pa~ and imeres! requ~red 'by the prom~sscry nae s~_.~ced he~_•b;. morigegor covenan~s
e^d agrees ta pay ro mo:tgagee w~th each monthiy pay~~~rnt an adu,uona{ sum .•s~:n•ated b~ n~ortg~ee !o Ge equal to i• 12 of t:~r ennual cosl of the foliow-
,:3:
A-Ali rea~ property ta~es (evled or assessed agai~:st thc above deso~~~ d reat estete.
B Prarr,~~•ns on i~re a~d winds~o•m insvrar~e as here~n req~;~ed to be cacried c~ tFx Improveme~ts s~tuate on t!:e abo~e descr~bed prem~ses.
C-Pre~^.~u«+s on such mortgsge guar3nty ir.surar.ce as mc'tgaqee sha:l }ro•~• t me to t~~nr deem fit to carry or. t6e ioan sccured hereby.
I blortgagee sha~~ from tvnr to ~~me not~fi mortgagcr ~n w~:!~ng o1 the a: o..~t d.:~ and paya6le herevnder and sutF: su~+~ sh:'+!I th•;~e~pon be due and
i : a~abie on the due daTe of the ne~t monthiy payment and each s~ccessive o•;th the~eafr ~r urtil mcngagee sh~!; not fy n,wrgagor ot a change in su;h
l e~-ount. Such sums sha i be app!ied by mortgagee toward tne payn:en; of rea' propr~t~ tax-ra, insurance e~:~,u ns, a~~d mortyagr g~aranty insurance
~ :+~emiums. i
E '
~ IN V11TNE55 N REOF, t sa~d MORTGAGOR has hereunto set h~s he~-.d and s~•al the day and yta first afo~eya: .
i ned, Seat d" r i sence of: ~ ,L~
~ i LL-~.~ _ {Seal)
-(Seal)
g L~_- (Seaq
_ l~ail
i
/
STATE Of FIORIDA ~
St. Lu~cfA ~
~JU.•~3TY Of ~
Before~me personally appearcd _ JA83A w• p02'riAP a~
r---- Sa,,« 1~1. Porte r
+~+.T h~s wife, to me welt known and knoNn lo me to be
ihr i~d:v~duais described in and who eaecuted the foregoing instrument, end acknow~edged before me that rhey eaecuted the s~me for the purposes
~ rne~ein eapresxd. And the said Sa~y W. Porter
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N fr of the sald _ JA88A w• POI'tiAP u~on a separote and private
e•a~m~ation by me taken fepatate and apart from he~ said husbar.d, acknowfedged to and be+o~e me ~hat she cae[~ted sa~d ins!r~meM frcefy a+:d volun-
ra•,;y and wnhout sny compulsion, constraint, apprehens:o_ n,pr fear of or f~om her sa~d husband.
n )~n.
Y WITNESS my hsnd and offic~al seal this____t~__~ _ day of---- ---_---A t-- . A. D. 19 ~
_ ~~'.`.~~~d:d
L6t~~ ~ - - -
R Notary Pubtic in and for the State f Florida ~t larye
~ My Gomm~ssion exphrs: ~ /
~ Return To: ' .
First Fedetsl Savings 3 loan Asspciat~on .y ~ ,
~ Of Fort P . rt? - ~ . - • ' .
Fort P~erce. Fior~da ' ~ ~T . "
~ ' FIlEO RMD RECO~DEO _ _ _ -
S?• lUC1C ,.OUM1Y FLA. ~
~ ROCf ~ POITRAS . .
~ This Instrument Prepared By J. D. Chastain C~ERR CinCU~t Coultt -
~ IIECORO VERIFIfO..~-~-
First Federal Savings b Loan Association
of Fort Pierce ~ Flo~'ida ~
. J ~
Checked By ~r--~-=~~-
oR 215130
ao~195 P~1028
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