HomeMy WebLinkAbout1375 To plac~ and continuously kaep at tF~e b~ildings now or hereaft~~ ~ituah on sa~d land and on sll cquip~nent and personally tove~ed by thia mort~
p~, wilh dl premiums Ihereon paid in full, fire insursnce in Ihe viual standard policy iorm, in a sum approved by the MOR~G~GEE, snd wind~torm
insur~~?c~ in tM uiwl ~t~nda~d pol~ty iorm. in ~ sum spproved by th~ MORTGAGEE, in such company or canpan~es as the MORTGAGEE may
di~~ttj ~nd all f'u~ ~nd wind~~orm infuranc~ policis~ on a~y o( taid build~oys. ~ny interest therei~ or ~.a~~ thr~eo}. in Ihe ayq~eg~te ~um afor~s.iid o~
In ~ateu tMnof, tM~l contain 1hs vswl it~nd+rd ma~gage~ claus~ w auch o~her dauu ~f the Mwl9ages may requ:ro, mal~inq the loss unde~ sa~d po~F
cies, e~th and way, payabk to s+~d MORTGAGEE as iH interest may +ppear, ~nd each and evory tuth policy ~hell be p~ompNy au gned and det+ve~ed to
•ny h~ld by said MORiGAGEE as furtht~ iecurity to iald matfl+9b dabt, and, not less tMn ten (10) days in advance oi the expirat~on o1 each policy, to dr
IivN to ~sid MORTGAGEE ~ renewa) thereof, topatM~ with a ~eceipt fw the prcmium ol such renewal; and there thal! be ~a i~re or windstorrn insuranc~
plated on any o} laid bulldinys, ~ny iniaeit the~ei~ or p~~t thereo(, unle~s in th~ form ~nd with the losi payeble ai afwe~eid; a~+d in tM ~vent any sum
of money becomq payaWe ~r+der iuch poticy w polici~s said MORTGAGEE shall hsve th~opt~on ~o receivo ar~d appty ihe ume on account oi ~he i~~dpb!:
ness secvr~d F~sby p ro permi~ said MORTGAGORS lo ~eceive and u~ it or ~ny part thercol'-to+ oti~cr pur~:ose~, .v~~lw~t th_r.o~ wa~vi•~~ o~ ~~~~pa~~-
ing any pvity, lien or riyht under or by virtw of this mostya~e; arx! in tM went w~d MORTGAGORS ~hafl !a any reawn fail Io keep ~he said premi~es w
insvred, w fal) lo de~ivtr pranptly any of uid polKies of intur~ncs to said MORTGAGEE, or fail promptly to pay fuity eny p~e+nium therefw a in a~y
reipM (ail to p~rfam, diuM~~e. exec~t~, e(fect, complete, comply wi~h ~nd ~bids by th~s covenant, or any part htreo}, sald MORTGAGEE may pl~ce and
pay (o? such insuranc~ w ~ny part th~~eof wi~hout waivinp or ~fiectiny eny optiw~, lien, equ~ry, or righe unde. w b~ virtue of ~his Mor+g+pe. +nd ~he
full ~mounl oi Nth ~nd ~vKy such payrrwnt shall be immediately dw +~d p~yable and shall brar interest irom the date thereo( vntil pa~d al 1he rate o1
nin~ p~t ce~tum pN annum ~nd togellxr with wch interest shal~ be secured by the lien Of thi3 mwtyage.
1. To ptrmit, commit or wff~r oo wasle, impairment w deterioratio~ oi said property o~ aoy part ~hereof.
S. To pay all a~d si~pvla /M costs, cMryes and expenses, including a reasonable anwney's fee and cosrs of absrracts of ti~~e, incv~~ed o~ paid af
any time by said MORTGAGEE, b~cause w in tht ~vent of the fa~lure on ~he part of the said MORiGAGOR to duty, pron,p~ly and fuily pcrfam, d~uharye,
exetute, e(fett, tomplct+, comply with and ab~de by each and evcry the stipulations, agreements, cond~tions, and covenants oi sa~d p~omissory note and ~h~s
mort9aps aoy a e;~her, ~nd said tosts, cMryei and ~xpenus, each and every, shall be immediately due and payable; whe+her w nof rhere be no~ice da
rrund, attempt fo tollett ot sult pendin9~ ~od,tM fvll amounf of tach and everY such payment ahail bear interest from the date thereof uroil p~id af the
raie oF nins per centum per annum; and •II said costs, charyes and e~penses intu~red a paid, logether w~th such inte~eit, ihall ba secured by the lien of Ihi~
^wrtpay~-
6. Th~t (a) in the avenf of any breach of this Nbrtgage w default on the part of the MORTGAGOR, w tb) in the event any of sa~d iums of money
herein referr~d fo be not promptly and fvlly paid within thirty (30) dayf next after the san,e uveraliy become due and payable, witlwut demand o~ notice,
or in tAe event exh and evsry tM stipulatio~s, ~greements, cond~~ions a~d covenanta ot sa~d promiswry rrota a~~d th~s mortgage any or eittKr are not
~uly, pomptly and fully ptrfanwd, d~uM~gcd, exetuled, etfeded, tompleted, compiied with and ab;ded ~ay, thcn in e~ther or any auch event the sa~d a¢
gregate sum rrKntaned in s~id promiuwy rate then remai~ing unpaid, with interest accrued, snd ail moneys secured hereby, st~all become d~e and pay
ab~e fwthwith, OI tAlfNffll~ ~t the option of iaid MORTGAGEE, as fully a~d comple~ely as it ell of fl,e sald s~~~s oi money were or~g~natly st~p~~ated
ro be pa~d on tuch day, snythiny io said promissory oote a in this 1Nort9age to the to~~rory notwithatand~ng; and ?hcreupon or thcreafeer af the opnon of
sa~d MORTGAGEE, without notice w demand, suit at law a in equity, therefwe or lhereaf~er begun, may be prosecuted as if afl moneys aecured hereby
had matured pr~01 fo itf inatitution.
7. Thst in the tvent thst at the begi~ning of a ~t any time pcnding any suit upon this Mortgage, w to foretlose it, ot to refo~m it, or to enforce
payment Of any daims hereunder, said MORTGAGEE shall apply to 1he Cour1 having iurisd:tt~on thereof fo~ the ap~+ntmem of a Rece~vet, such Cwrt shail
Forthwith ~ppoiM a receiver o( said mortpaged_prope ~ a~l and singula?, includ~ng all and s~ng~~ar ti~e income, prufns, issves and revenuea from whatever
wurce derived, exh •nd every of which, it beiny express~y unders~ood, is hereby mortgaged as if spec~Ficalty set forth and described in the grannng a~d
hatxndum clauses hereof, ~nd such Receiver shall Mve all the b~oad and efiect~ve tunct~ons and powers in anyw~se enfrusted by a Co~~t to a Receirer, and
s~ch appointment shall be made by suth Court as an admitted equ~ty and a matter o1 absolute righl to said MORiGAGEE, and without reference to the
adequaty or inadequacy o! the value of the prope~ty mwtgaged w to the so~ve~cy or ~nw~ve~xy ol sald MORfGAGOR or the deFendan:s, and that s~ch
~e~~s, proiits, income, is~ues and revenues thall be applied by such Receiver accord~ng 1o the lien w e~uity ol said MORiGAGEE and the practice of such
CaurT. '
8. To duly, promptty snd fully perfo?m, distharge, execute, effect, compiete, comply with and abide by each and every t}x stipulations, agreements,
conditions and covenants in u~d promisso?y ~ote and this mortgage set fwth.
9. That in the event the owne~ship of the mortgaged premises, or any pa~t thereof, becomes vestrd in a perwn other than tF+e MORTGAGOR, the
Ar,ORTGAGEE, its successors and suigns, may, withouf notice to the MORTGAOR, deal w~th s~ch successor or successor in interest with reference to th~s
moltgage and the debt hereby utured in the same manner as with Mortgagor without in any way vit~atirg or d~xharg~ng the Mortgagors' liability herr-
undcr o~ upon the debt heteby secured. No sste of the Fremises hereby mortgaged ard no forbearance on the part of ~he 1AORTGAGEE or its s~ccessws
w assgns and no extension of the time for Ihe payment of the debt hereby secured g~ven by the MORTGAGE'_ or its successwa or ass~gns, atial~ operate
to rclease, d~xharge, modify thange or affect the orig~oal liabdity of the MORTGAGOR herein, either in whole or in part.
10. It is specificatly agreed that time is ot the cssence of this contrad and that no rraiver oi any obligarion hereunder w of the obligation sr
cured hereby shsll at sny time thtreafter be held to be s waiver of the termi hereof or of the instrument secured herby.
11. In add;tion to the forego:ng monthly payments of princ'pal and interes? required by the p~omtssory note secured hereby, rnwigagor covenants
and sgrees to pay to mortg~gee with each monthly payrneM an add~+ionsl sum eshmated by mortgagee to be equal to 1~ 12 0( thr annual cost of the fdlow-
~ng: .
A-AU real property taxes levied or asxsxd against the above desc.ibed rral estate.
B-Prem~ums on fire artd windstorm inwrance as herein requ:red to be carried on the ;mprovrments situate on the above dascribed premises.
C-Premiums on such mwtgage guaronty insunnce as mor~gagee shatl ircm Gme to time deem fit to carry on the ioan secured hereby.
~ Mwtgagee sha!1 from time to time noti(y mortgagor ~n writfog o~ the amount due and payabte hereunder artd such sum shall tnereupon be due and
~ Fayable on the due date oi the ne:t month:y payment and each successive month thereaiter urnil martgagee shall notify mortgagor of a change in such
k a~^ount. Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insuran prem.ums, a~ rf9age guaranty~ins ra
~ oremiums. -
~ IN WITNfSS WMEREQF, the sa~d MORTGAGOR has here~nto set his har,d and seaf the da yea~ first for ss' .
Siyned, ed in the presence of:
•n
o evil e r • ~~n
j -s~e.~ 5eaq
}
cs~~n
SiATE OF FlOR1DA ~
55.
cou~rr of St. Lt~cde i
Befwe me parwnally sppeared Howard John B~vill~, Sr . .,,d
Bszbara AT1I1 eeville r,;, wiie, to me well known and known to me to b~
ti~e i~dividwls dexribed in and who executed the foregoing instrument, and ackrwwledged befwe me that they executed the same fw the purpoaes
e,a~. ~ ,,;d Iiarbara Ann Beville _ _
Ni(e of the said 1{oward J• B@V~ll@ upw~ a separate snd privatt
exam~natio~ by me taken sep~rate snd apart from her said husband, acknowtedged ?o +nd be(we me that she executed said instru~nent freely and voluo-
rsr~ly a~d withovt ~ny compulsion, constraint, ~pp~ehension, w fear of or from her said huiband.
WITNESS my h~nd and official seal this 3~ day of~ $@ t@1Cber q• p. 19 71
?
~ Notary Publit in and for the te o fbrici+ st l~rp~,
~ My Comm~ssioe~ sxpires: ~
Return To: . Z •
~o-i~• r~ . . .
~ first feder~l $avinpa ? loan bsotietion ~
v~ • ' . , ~
Of Fo~t P.erce. ~5~ ` V: r
fon P~erca Flo~~da = - '
, ~ ~ ' . '~~1
~ ?I~EO AMO RECOR~E~ ~ ' ' ' ~ ~ ~ ~ -
~ ST.lUC1E CQUNT~• LA. • ~ -
ROGER POITRAs ; ~ • ~ ' ~
CLERR CtRCUIT COUIIT '-K '
This Instrument Prepared By Wn. B. Bzaun QECORO VERsF1E0.,...,...,,,,,~ .
First federal Savings d~ loan Association ~-T.;+~-
of Fort Pierci Rlorida c'' ~ ~ 02
VL
Checked By ~
a R ~i373 ~
~~~'i
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