HomeMy WebLinkAbout2561 ~
3. To place end cone~nuousiy keep on ~Ix bw'J~•~g~ n.~~ or he~a:,f~er f~tvate on sa~d land and on all eq~ipmero and pertonally cove~td by thi~ ma
sgs, Wilh a0 prrmwms Ihr~con pa.d in full, 1uc i~~swencc m 11~~~ ~e~al s~a~tiierd pol~Cy fo~m, in a aum a~.pro~ed b~ th~ MUk1GAGEE, •nd wu~tJfto ~
~nsurancc in the usval s~andard {~~~cy fo~m, in a aum o~:~~iuvrd Ly ~he MURTGAGkE, in such cornps~~y or co~npa~~es as ~he MORIGAGEE m
d~rec~; ?nd all fue and w~nd~torm inwronce po'~u~•~ on any a1 se~J b~:dd.ny~, any in~ere?~ ~heroin or part thureof, in the aggre9a~e ~ym alaesaid
in excess 1he~eof, sfiall :onr.~in the uw.:l irar.d.ud mo~tg,yce c~e~~se or such o~he~ dause ss the Mo~tgagee may rcqune, mekinq ~he lost under se~d po
c~es, eath and every, pa~ab!e to sa~d AIORTGAGEE es ~ts intri~•at n~ay ap~ar, end each and every svch ~w!~cy shsil tx promplty •~sg~~rd and de:ivered +
any hald by sa~d A10RIGAGtE as iur~her sccunty to ~e~~l ~+:o~~y.+~r d~bt. and. ~iot less than ten (101 days in ~dvance o( ~he eapirahon of each poGcy, to d~
I~ve~ lo s~~ MORIGAGEE a re~~wal thcreol, to~Nhr~ v~~th a ruce~pl lo~ Ihc prccnwm o1 such re~~ewal; and Ihere shafl be ~o lire 4~ windstorm inluNnt
plsced on any of said b~ifd~ngs, eny ~ntrrest ti~ere.n or pe~~ thrr~oi, unic~a ~n ihe form and wi~h ~he losa payab~e as aforesaid; a~d in the evem any sun
of mpney becomes payaWe unde~ such poticy a pol~urs s.+~J AtuRIGAGEE ahall heve the opt~on to rece~vr and app!y Ihe same on account ol the indebted
nrs! secured I+e~eby o~ to permit faid MORIGAGORS fo retrive and use it w any parl th.•:eul lor oc.n~r ~~ur; cncs, v.~~lw~it 1h~nu~ N'J1V1~1~ o~ nnpau
ing ~ny eq~~ty, hen w ngfit vnder or by v~u~e of fhu n~cr.~,yc: and i~ ihe evem sa,d MORiGAGORS shafl '.or any reason ia~l to keep the s~~d premise~ so
~nwrad. ~ fail to del~ver pr~npt:y ariy ol a~~d pol:c~cs o~ ~~~s~ra~~ce to sa~d h1URTGAGEE, or f.~d promp~ly to pay fulty any pre•ro~m theralw w in any
re~peU (ail to ~x~~orm, d~scha~9e, executa, etfrc~, canN,crc, co.~~ply •~ith and ab~da by ~his covenant, or any par~ hrreof, seid MORTGAGE[ may p~+ce a~~d
pay fo~ a~ch inwrnnte or any part thrrcei waho~t w.+~v~ny or atfcc~ing any oy~~on, lien, equny, or r~yht undc~ a by virtue of this Mo~tgage, and the
fvli amovo~ of ~ach and every such payn~eM she~I be ~~nmrd~atcly due and payeble and aholl bear iNerrsl frwn Ihe date thcrcof until pa~d at Ihe rats o1
nme per trnt~m per annum and A~3rtiier mith wch i~vr~~st sAau tk• s.•wrud by the lien o1 Ih~s mort9age.
1. To permit, commit or suffer no wa~te, impairmr:~t er dctcnureno~ o~ said property o~ any part theteof.
S. To pay all and singular the coats, charges and rtpenses. Encluding a reasonable eiror~ey's fee and costs o( abs~~acts o( tit~t, incurred w p+~d at
any ~in.e 6y said MOR1GAGfE, lxca~se or in the event of the fa:!vr~ on the pert of ~he sa~d A10RiGAGOR to duly, p~oa+ptly +nd fu~~y pr~fwm, d~xharge.
a.ecure, effect, canpte~e, canply w:~h a~~d ab.de by rach and e.•ery ~he st~pu~ai~ons, agreements, cond~tions, end cove~~ants o~ sa~d pran~swry note and th,e
,,~rtgage any or edhe~, and sa~d costs, charges a~~d expenses, each anJ eve~y, sha11 be immrd~ately d~e and payable; whether w not there be noNCe dt ~
n,3nd, ette npt to coilect or suit pend~ng: and ~he lutl anwum of each a~~d every svch paymenl shali bear i~~erest from the dale thereot until paid al Ihe
•,.t.~ c~ mne }xr centum prr ann~a; anc a~i aa~d costs, ci~a~ges o~~d .A;•~•nses ~rxu~red w pa~d, together w~th a~ch inte~eat, sball be secured by the lien of thi~
{
morf9Age.
6. lhat (a) in the evrnl of any breach o( this Mo~tyage or dcfauit on itw pa.t of rhe MORTGAGOR, or (b) in thr eveM any of ss~d wms of mo~ey
herein referrad to be not pro~nptly ar.d fully paid ~n~rh~n th.rty i3J: i~.+y+ ne~t a'rer the same severa:ty become due and payab~e, wi~hout dem~nd or nofice,
er (c) in tF.e event each and eve~y ~he st~p~~ahons, agree,nenis, cond~r~ons a~d covenanh of sa d pron~isso~y note and t4~~ mo~fgage any or eidu~ are nol
~~ly, promptly and f~tly performrd, d scha~ged, e;ecure~, ef4rcted, comp{rted, comphed w~th and ahided by, then in e~ther or any such tvent the said a¢
y~cgate sum mentfancd in sa~d promuswy rrote then ~tma~nmg ~npaid, ~vrth ~nterr>I tcuucd, and all ~noncys secured hereby, shall betome du! and pay-
aae fortAwith, or ~hereafter, at the opr~a~ oF sa~d MORiGAGEE, as f~ily a~d co~~p%etely as i1 all oi the sa~d sums of money were w~gin~tly i~~pulatcd
re be pa~d on s~ch day, anythin9 in sa:d pru:n•:sory note or in th~s Morega~e ~o ~he contrary notwnhs~and~~zg; a~ed thereupon or lhereaRer a~ the op~~on of
s.+.d AtORTGAGEE, w~thcut not~te u~ demand, suu at law or m equdy, the~efo~e or tt~errahw beg~o, may be prosecuted as if a!I mo~eya secured hereby j
r._d mawred pr~w to ~ts inst~tut~on.
7. That in the even~ ~hat a~ the begi~n ng of or at any ~:me pend~ng any su~t upon th~s Mortgage, a to fwec!ose it, or 1o reform i?, or to en(orte
rav~:ent ot any c~auns hereund<-r, said AIURTGAGiE shall app!y to the Court having ~u~~sd,ct:on tnereof for ~he appantmem of a Receiver, such Courl shall
rih.~3th appo~nt a rece~ver of said mortgaged p~o~'n~ty all a:id si~yu~ar, incliyd ng atl a,ed s:ngu~ar the irtce~ne, profies, issues and revenues Irom whaleve~
s:. •ce derlved. each and every ef wh.ch, i~ trmg eipn•ss~y vndc~stood, n heicuy mor~gaged as ef spec~(icaily set forth and dexnbed in the grsnting and ~
h~:,endum c'auses hercwl, and such Rrcr~.er shall hava eit the b~.iod ar.d rtlec~.ve i~•~,t ons and powen in anyw~sa entrusted 6y a Cou~t to a Reteiver, and 1
s_:h 3ppe;ntment shal! tx made by such Cuurt as an ed n~+ird cy~:ty and a+.:a~rer of a5so:ufe r~ght fo said MURTGAGEE, and withcul relerence to the ~
n.f~~qua:y w inadaq~acy of the value of the property mo~tgeg~d or to the SO Y~~1CY er ~nso'vency of said MORTGAGOR o~ Ihe defendantf, and ihat such ~
~~s, proiits, incane, issves and revenues shail be app~~ed by such Recrrve: ac.ord.~ig to the Gen or equity of sa~d MORTGAGEE and the prattice of such ;
Court. -
8. To duly, promFtfy and fut~y perform, d~scharge, exe;uee, effr;t, compicre, comply w~th and abide by each and every the atipulations, ~greements,
.ond~t~ons and covenants m sa~d promissory nofe a~~d u,:s ~n„rrga.3e set for~h.
9. That in +he e~ent rhe ownership of the mortgagcd prer.,~ses, o~ any part tncreo(, betomes vested in s pe~w~ other fban the MORTGAGOR, the
'~'C)RTGAGEE, its successors arld ass~gns, may, w~~haut r,ur~ce to ihe ;.50R7GApR, deal with s~ch successor w successw in ]rtterest w~th reference fo this !
~•o•tgage aFd the drut hereby secured in the same man~:er as wrth h1~rt~agor w~thout in any way vit:ating a d~scharging the Morfgago~i liability here- ~
e~~der or upo~ the dabt hcrohr sei~red. No sa~e ol the prem~ses h,rcby mo~tgaged ard no (orbearante on the part oF the /dORTGAGEE Or its suttessors
o• ass~g~s ard no este~s~on of th~ t~me for the payme~~t of rt~e deb~ h~re~~y secured gfven by the MORTGAGEE or its successors a assigns, stidl operate
~o re!ease, dscharge, mod~fy change or a4fect tbe o~~g~nal liair.i:ry of the M.ORiGAGOR I~ereln, either in whole or in put. i
10. U is apec~f:ca,~y agreed that time is of the euence of th~s conrract and that no waiver of any obl~gaNon hercunder or of the obliyation se-
cured hereby shs(t at anr time t{~erea4ter be held to be a woner of the terms he~cwf a of the instromem secured herby.
I 1. !n acid ~:o~ eo fhe forego n~ momh!y pay+mn~s et ,,a; and enr~•resr ~equ~red by the prom sscry no~e secured hereby, mortgagor eovensnts
~^d agrces to pay to mo egegee v.ith each monvit'y ~;i; . ent ar. a~i,ir~onal su~n est ^~ared by mortyagee to be equal to 1; 12 of ehe an,iual coat of the follow-
A-Atl real }roperty taxas iev~cd or assessed ega~•,s! tt,. aV;o,e desc~~bcd r~al es!ate.
B-Prarn~~ ns on f~re and .v~~idsto'.n inw~a-ce as here~n req~.red to be carr;ed en the improvemeits s~tuate on ihe above described premises.
C-Pre~~~un s on wch mortg~ge guaranty msura~ ce as ~nert~ayee shall frorr r me to n~ne drem fit to carry on ttu (oan secured hereby.
Mortgagee s'~a'+ j•c~n +~••,e to r,-.;e ^Ct~fti mortyaqor :n w•~t.ng of the a~:~ouot aue ar,d payable hereundrr and such sum shall thereupon be due and
i ..~ble on the d~e da•e of ihe ~;~.t month ~ pavmint and e~c~~ s~ccessive month the:ealter w,til martgagea shall noGfy mortgagor of a change in such
j ' ~~nt. Such s~ms s~ a~ be a;;p'~ed ~y merr~ag~e to•.vard the peyment of reaf property taxes, insurance prem.ums, and mortgage guarenty irtsurance
~ ~ z~.,;~ms. r~cErvm t_3a _aa iN P~rMEnr of r~s
~ IN Y~ITNESS WH:REOF, the sa~d MCR~~.~2~{~$iel~'u~{~~(',~Eh~~p~s~~~~y and year fint aloresaid.
f S~gned, Sealed and detivered ~n the p~~~f:TO CHAPT~R 2072t, ItCiS OF 1911.
ER POITFJIS, Clerk Grcuit fc•r.t ? -
~ Witne d"''`~ inr C'S.~~L N. K~~,;14 ES, 1R rold R. /ls ts~.n
~ - --S~-ka~ie Cou..ry Tax Collcctor ,Q ~ - ~se.q ,
~ ~itness ~ on 8. Ashe ;
By c c t?~cu. `
~ S"~TE x York ~ DEPUry CIERK ~
~ ~JUriTY OF ~ ~
Befwe me personafiy appeared - _ H81"Old R• ~+vaav ~nd
Narion E• A9~6 his wife, to me weli known and known to me to
~ ~~,e ind~v~dusis descnced in and wno execvted the foregaog insvvment, ~nd ecknowtcdged befwe me that they e:ecuted the same fw the p~rposes
~ +he•ein expressed. And the sa~d- -~~OD E. Ashe T_.......-~,
~ ti se of the sa~d - ^ ~ ~aI'Old R. Ashe , upai.~`leWriit~''~t~: :~N ~
~ . ~--~arn~nai;on by me taien sepa~ate snQ" awrt trom her sa~d ~~sbanrf, sCknowteAged ro a~A oeiore rrk inat sne execuTed s~io insiryrt+qni ~ieaij-v~ir;
~e-:~y a~d witFw~! anp compuision, constraint, apprehens,or+, or fe r ot w from her uid husband. ~p, ~
~ 1 .
WITNESS tny Fwnd ~nt! offic~al ua! thiL_~a dey of__ ~r - .,19~
~ ' 4%%~4= ~ _ ~ ~ , r-: t
~ Notary Public in e w the StNe.O~w t pt 2
~ AT oF t- L O R i!.~ A My Comm~ssior? ref: i~~~ . ~
~ ' e~~,,.~ T~: - ' ;UM~ S7t+MP TAX . .•,`ti=
~ f'ent fede~al Sav~~• 1 loin Atw q :s l C~ uO Vy 5 M.1 .
Of foH ~p~ce. ~=7'n , ^ ' . • ~?t,, a~i~e o~ N ! . M: • .
~ rw~ o~ ffo~~ds ~ ~ 2~ O ~ A sso~ E.~res Vw~1+ u:. d"'' .
wlt~t~e1t FIL:O A?1? RECORd~~` ~
~ '4;,:• • ~~,t + at~uctic CuUM1Y FIA.
f14:,E? F~tTRAS
CIERR C!~~JIt COURT ~ ~o - ~ y
~ ~~C~~" ~fo'fiED~ 3 ~ .
This instrument Prepared By J. D. Chastain
~ F~rst Federai Sav~ngs 8 loan Association 2~ eN ~T'
of Fort Pierce ~ j~pri,dg SEP ~1 216108
~
Checked BY - - _ _ - ~
~
~ BOORt( PdGE . l~a
~ ~~~i~9
~
~
_ . _ ~
_m - - _ ..t . .