The URL can be used to link to this page

Home My WebLink About2567 To place and wminuousty 4eep on the bui!d~n9s nuw or firreafte~ ?iwste on sa~d land and on ali cquip~nenl and personaUy cove~ed by this ma egs, wi~h all premlums thereon pa;d ]n fult, fi+e insu~ance ~n ~he uiual s~a~de~d pot~cy iorm, in a sum approved by the MOR~GAGEE, and wind~to insu?ance in ths uwal s~onda~d poticy lor~n, in a sum aHprov~d Ly the MORTI'sAGEE, in such company or companies as the MORTGAGEE ~ dirett; and a0 fire and w~ndstorm insurance potrcies on any o( said bu~~d~ng~, any intereet Ihe~ein or parl thereol, in the ~ggreya~e wm afwesi~d ~ in exceas Ihereof, sha~l contai~ the usual sra~:dard mo~tgagea clause or such olher clause as 1he Mo~tga9ee may requ~rs, making 1he loss under ta~d po cies, each and every, payable to said MORTGAGEE as +te intrr~•st may appear, and each and every such po~~cy shall be promptly au yned and delivered e •ny held by said MORTGAGEE as iwther securiiy to sa~d ~nortgige debt, a~xl, oot less ~han ~en (10) days in adva~xe of ~he exp~~stion o1 each policy, b d~ liver lo said MORTGAGEE a renewal thereof, togethrr wi~h a recr~pt for Ihe premlum of such renewal; and Ihero shall be no f~re o~ wmd~~o~m infuronc placed on any of said buildi~ys, any imeresl there~n or pa~~ thcreof, unlesa in ~he form and wi~h the toas payable as afwesaid; and '+n the evenf +ny sun of money beco+~es payable unde~ such policy w pol~cies ia~d MORiGAGEE shall have ~he opt~on ~o receivo a~~ epNly the sa~ne on account ol the indebted ness tecured he~eby or eo permit sntd MORiGAGORS to reccive and usa it w any pa.~ the:cof for o:h~•. pu~poscs, v.~~ho~1 th~rcb~ wa~vi~ig or u~~Pa~* ing any equity, lien or riyht undcr w by virtue of this mo:'gage; and in the even~ sa~d MORTGAGORS shall Ew any reawn (ail to iceep the said premises so insu~ed, w fail to delive~ promplly any of said po~~cies of in~ura~xe to said MORiGAGEE, or f~il promptly to pay iutly any pre~n~um therefw or in +~Y reiped tail to perfam, dncharge, execute. e«ed, canple~e, co:npty wiih a~xl ab+de by this covenant, or any part hrreof, sa~d MGRTGAGEE may place a~.d pay fa such insurance or any pa*t thereof w~thout waivinq w aff~~c~~~~g any option, lien. eq~~ty, or right under o~ by virtue of th~s Ma~pape,- and the full a~nount of each and every such pay~nent shall be im,ned~ateiy due and payable and shall btar inte~es~ from the date thereaf until paid al the rate ol nine per centum per annum and to~e~h.~ v.ith such inr~•res~ shai~ br s~cured by the lien o! Ih;s mwtgage. 1. To permit, commit w sufier no wasfe, impairmeni w deterioration o( said property o~ any part +hereof. S. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid a1 any time by said MORIGAG:E, because a in the event of the fallure on the part of ~he said MORTGAGOR to duly, p~omptly and (ully perform, d~uharge. execute, effed, complete, comply w~th and ab:de by each and every the stipu~ai~on~, agree~~ents, conditions, and covenants of sa~d promissory note and thi~ mortgsge any w ei~her, a~id sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; whelher a ~01 the~e be notice do- mand, attempt to collett or suit pend~ng; and the iull a~nounl ol each and every wch payment shall bea~ interesl from Ihe date thereof u~til paid •t the rate o1 nine per ce~tum per an~wn; a~~c.' aU said costs, charges ana cap~~~ses incur~ed or paid, together wnh avch interest, shail be setured by the lieo of thi~ morf~sge. Q Tha1 (a) in the eve~t of any breach of this Mortgage or default on tl~e part of the 1~10RTGAGOR, w(b) in the evenT any of ssid s~m~ of money herein re(erred to be not promptly and fully paid with~n th~rly (30) days next afrer the same severa:ly betome due and payable, without demaod O? notice, , or (c) in the evem each and every Ihe slipulations, a9reements, tona~nons and covenams of sa:d promisso~y note and th~s mo+tgage any w either are no1 ~ ~uly, promptly and fully performed, d:scharged, executed, effected, co~npleted, complied with and ab~ded Sy, then in either w a~y such evenl the said ag gregate sum mentioned in said pro~nissory note then remaini~~g unpa~d, with intere;t accrued, and all moneys setured hereby, shall become due and pay- able forthwith, w thereafter, at the option ol said MORTGAGEE, as (ully and comple~ely as i( all of the said sums oF money were originatly stipulated to be pa~d o~ such day, anything in sa~d p~o~n~ssory note w in this Mortgage to the contrary notwithstand~ng; and thereupon w thereaiter at the option of sa:d MORTGAGEE, without not~ce w de~nand, suit at law or in equi~y, the~e(we or thereafter begun, may be prosecuted ~s if sll moneys setuted hereby had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pendi~g any suit upon this Mortgage, or to foreclose it, or to reform it, w to enfores payment of any claims hereunder, said MORTGAGEE shatl apply ro the Court having juriad:ction thereof for the appoinfinent oi a Receiver, suth Courf ah~ll forthwith appoint a receiver of said mortgaged prope~ty all and singular, includmg alt and s~nguiar the income, profits, issues and revenues (rom whatever seur~e derived, each and every of wh~ch, ~f being express~y unders~oo~, is hereby mortgaged as ii specdically xt forth and deuribed in the grantirg and habendum tlauses hereof, and such Receiver shall have all the b~ead and effect~ve funct~ons and powera in anywise entrusted by a Cou•t to a Reteiver, and s.ch appoimmenr shall be made by such Court as an adm~tted equihy and a maver of absolute r~ght to said MORTGAGEE, and without retererxe to the adequacy o? inadeqvacy o} the value of the property mo~tgaged or to the so,vency or ~nso!vency of said MORTGAGOR a the defendants, and that such ren~s, profits, incane, issues and revenues sha{I be appiied by such Receiver accord~ng to the lie~ or equity ot said MORTGAGEE ~nd the practice of such Court. 8. To dufy, promptly and (ully perform, discharge, execute, eFfed, complete, comply with and abide by each and every the stiputt+ions, sgree~nents, conditions and covenants +n sa~d promissory note and th~s murtgage set forth. 9. That in the event the ownership of ~he mortgaged prem~ses, or any Fart thereof, becomes vesfed in a perwn other than the MORTGAGOR, the M.ORTGAGEE, its successors and asstgns, may, wi~ho~t not~ce to the MORTGAOR, deal with such successor w successur in interest with reference to this 1 mortgage and the debt hereby secured in tne same manner as wnh Mortgagor w~thout in any way vit~ating or d~scharging the Mortgagors' liability FKrr = under or upon the debt here~y secu~ed. No sate of the Frem~se: hereby mortgaged and no forbearance on the pa~t of the MORTGAGEE or its successon ~ er assigns and no extens~on of the time ~or the payme~t of the debt hereby secured given by ~he MORTGAGEE or its suctessws a auigns, sixif operste to release, d~scharge, modify change or af(ect the orig~nal liau.i~ty af the MORTGAGOR he~ein, either in whole or in pa~t_ 10. It is specifically agreed that time is of the esser,ce of this contract and ~hat no waiver oi any ob~i9ation hereunder or of the obligation se- c~red hereby shalf at any time thereafter be held to be a wa~~er of the terms hereof w of the instrument secured herby. 11. In add,tio? to the forego n9 monthly paymenrs of princ p~l and interest requhed by the prom~ssory no!e sec~red hereb/, mortgagor eovenants ~nd agrees to pay to mo-?gagee vvith each monthiy pay+.ient an addn+onal wm esnmared by mwtgagee to be equal to 1 j' 12 of 1he annual tost of the folbw- ing: A-All ~ea~ property taxes levied or assessed agai•,si thc above described reat esrate. B-Prem~ums on fire and windsto~m insuracce as herein reg~;red lo be tarried on the improveme~fs sJvate on the above dex~ibed premiseS. C-Premwn~i on suth mwtgage g~aranty insvra~:ce as mortgagee shall from t:me to time deem fit to carry on the loan setured hereby_ ~ Mortgagee sha:l from time to time ~Otify mortgago~ m wr;t,ng of the a~rount d~e and payable hereundr? and such sum shall thereupon be due and E ~ a~able on the d~e date of the ~exr month:y payment and each successive momh thereaftcr ~r.til mortqagee shall notify mortgagw of s change in such a~~ount. Such sums sha,I be app!icd by rreortgagee rovvard the payment of real property taxes, insurance prem:ums, a~id mwtgage guaranty insvrance n'emiums. IN WIiNESS 'NHEREOF, the said ILIQRTGAGOR has hereunto set his hand and scai the day and year first a~aesaid. Signed, Sealed and delivered in the presence of: ~ ~ ~n , - ~~n ' cs~•n ~ , - S7ATE OF FLORIDA COUNTY OF St LLC~ I ~ ~ ~ - sera~ persorwlly appeared Willie Pa~ Carnell and Joy Marie Carnell~ his e _,,,d 1 [i T~v~nr At'1d A. l[~A F. TayLr _ hts wife, to me well known and known to me to b~ the ind:vidwls described in and who executed the foregang instrumeM, and acknowtedged befwe me that they extcuted the aame fw the purposes rhe+ein ~x~.~sxd. n~d rr,~ said Joy Harip C re~ell w•Le of the said F1111ie Paul Carnell and •~eti~r~e F_ ~~?lor : ~~?e of the said _ T~~TA,F Ot' upon a sepsrste and pirvat~ e=ammat~on by me taicen separate and apart from-Rfe~ sa~d 'nusoanclSacicnowieciged to and before me thsl ~xrc~l~3 aa:d inat~~irw~U free~y and volurr rar~ly and without any computsion, consrraint, appreh ns~o- n„p fear of w from~fej said husbandS~ ~ WITNESS my hand and officia.' seal this_ _J_- _ day of A. D. 19~- ~ ~ Nots~ ubtic in ~ My Comm~ssion expiret: ~ ~ ~ Ret~rn To: ~y ~ ` ' - ~ firit Federal Savings a loan Aswciatio~ ti: ~ . . Of iort P e~ce I ~J Z ~ w ~ ~ ~ ~ k~ fort Pierca Fior~da ~ T G?f •~T. yn RECONOED i'•, c~ ; ~ Fi~E~ a. _ Ntr F~~• : St.WGt~Q PO?TRAS ~ ' ~ ROCE~• This Instrument Prepared By JO~ W. C0111218 ~~EFK CtRCU1t COURt _ First Federal Savings & loan Assouation vER<<~EO ,,.~r;~ ~ REC4Ru of Forf Pierce ~ Florida ~E` ~ 5~ eH 1 ~s~ ~ Checked BY~------ - - - ~ ~ooK 195 PA~E2565 _ . _ - ti~ ~ ~ ~ ,~,r.~-~ ~ ~~~-.~-~F~°~"~~~ ~ ' ~