HomeMy WebLinkAbout2577 3. To place and co~tinuously keep on ehe b~~:Ji~rgs now or hereeffer ~ituate on said ~and and on all equipment and peno~+lly covered by this mor
age, w~th sll prem+ums theteon pe~d m full, f~re i~uwanu 1n ~he ~~val sta~~ds~J po~~ty iorm, in a sum approved by the MORfGAGEE, and windsto
~nsura~ce ia the usual ~tdndud poLcy form, in s wm ap~~rovrd by ~he MORiGAGEE, in such con,pany or canpan~es as the MORiGAGEE m
d~~ec?; and all lire and w~rxlstorm insurance pol~c~rs on any o( sa~d bu~~d~ngs, any interest therei~ or part thereof, in the aggrcgate sum ~faesaid
in excess lhereof, shatl co~tain the uswl sta~~d~rd mo~~~~gee dause o~ such other clause ae Ihe Mortgagee may requue, ma?ing 1M loss unde~ sa~d po
ues, each and every, payab~e to se~d h1pRTGAGEE as ~~s imrrost nsay appear, and each and every such po!icy shall Ix p~ompHy assgned and delivered ~
eny held by se~d MORTGAGEE ss (w~her secu~ity to sa~J mor~gaga dabt, and, not less ~han ten (10) days in advance of Ihe eap~~ation of each policy, to d~
I~vrr to said MORTGAGEE a re~~ewal thereof, togeiher wuh a recr~pl for ~he p~emium of suth renewa~; end there shail be no hro or windstorm insursnc ~
plated on ~ny ol sa~d buifd~ngs, any iMcrest there~n or part thereof, unlrss in the (orm and wi~h Ihe losa payabte as afaesaid; and in 1he e~ent any sun +
of money becomes payable unde+ iuch polity w po~~cies said A1JRiGAGEE sh.ll have tha opt~on to receive and app!y tha same on accoun~ of Ihe indabted
ness sccured hereby w 1o permil said MORTGAGORS lo rea•ive and use il w eny pa~t ~Ae:co1 fcr orn••r {,u~{•oscs, v,~tho.,l Ih'~.br wa~v~~~g a~ ""P~~'
ing any equ~ty, Gen w right undet a by virtue of this mo:tgagr, and in Iha event sad MORTGAGORS shall .'or any reason iail to keep the said p~emises so
insured, or fail to drlivei p~anptly any of sa~d po6c:ea ot inswa~~ce to sa~d MORTGAGEE, or iail prompfty to pay iulty any pre~~~ium therefor or in any
respect fail to pe~fam, d~scharge, eaecute, effect, con~pl~tr, co:nply wieh and ab~de by thls covenan~, a any parf h~reof, sa~d MORTGAGEE may plate and
pay for wth inw~ance or any part Ih~reof witho~~ waiving or affecting any opron, lien, equ~~y, or righ~ under or b~ virtu~ oF this Murt9aye, and tht
fuli amount of eath and e~ery wch payment shall be immed~etely due and payab!e and ahail b.:ar irocrest Irom the dite thereaf un~il paid a~ the rote o~
n~ne pe/ tentum pNi a~num and loarther wilh such int~~rist shali be s.~wred by the i~en of th]i mortgage.
3, To permit, commit o? suffer no waste, impdirment w dctcrioration of said propcrty w any parl thereof.
5. To pay all and singutar the costs, charges and ex~sea, including a reasonable aftaney's fee and costs of abstratts of title, incurred or paid at
any time by sa~d MORTGAG:E, becavse or i~ the event oi the fa.Iure on the par~ of ~he said MORTGAGOR to duly, pro~Tptly a~d futly perlorm, dischargs,
exetute, effect, canptete, tomp:y ~wdh and ab.de by each and every the stipulahons, agreements, co~ditions, a~d covenants of sa~d p~omissory note and this
~:orrgage any or enher, and sa:d cosrs, charges and expenses, each and eve~y, sheil br immed~a~e~y due and payable; whether pr not the~e be not~ce de E
mand, attempt ro coifect or suit prnd:ng; and tfie ful! a~ra~nt of each and every such paymeN shall bear intereat from the date thereof until paid a1 tht
~~Te o~ nine per centu~n E•er annc anc: aii sa~d costs, chargrs and i•x:>anses ~ncu~red or pa~d, together w~th such interest, shall be secured by the lien of this
mottgage.
6. Thst (a) in the evenf of any breach of this Mortgage or defautt on the part of the MORiG~?GOR, or (b) in the eveM eny of sa+d sums of money
herein referred to be not pror.+ptly and fui~y paid w~~fiin th:rty ;3J) days ne,t oitrr the same severa:ty become due and payable, without de~nand or notice,
er (c) in the event each and every ~he stfpu:anons, agreementS, Conditioni and covenann of sa,d promisso~y note and th~s mortgage any w eilher are not
i~".y, promptly and fully performed, d.scha~g•-d. e~ecvted, effected, completed, compl~ed vv~th and ab~ded Sy, then in e~ther w any such eveN the sa~d ag
3regate sum mentioned in sa~d prom~asory note ~hen ~ema~ning unpaid, w+rh inrerrst accr~ed, and a~i moneys secured hereby, shall become due and pay~ •
ae r iorthw~th, or thereafter, at the op+~on of s+~d A10RTGi.GEF, as fuUy a~r! complefe~y as ii a~l of t1~e said sums oi nwney wtro orgM+~ly, supulated ~
re be pa~d on such day, anytning in sa.d prom~ssory ~ote or in ~his Mortgage to the contrary ~otw~thstandtng; arid Ihercupon or thereafTer at the op?io~ of
s~ d N,ORTGAGEE, w~thout not~ce or demand, w~t at ~aw or in equ~ty, the~efore or therrat~er begun, may be prosecuted as i( all moneya secured hereby
n_d matuted pnor fo rti insntut~on.
7_ That irt the event that at the beginn:ng o( w at a~y t~me pend~.~g any su~t upon this Mortgage, w to forectose it, or to reform i1, or to enforce
~ r,ment of any c~aims hereund~~r, said A10RTGAvEE shal: apply to the Cour~ having ~u~~sd:cs~on thereof for the appomtment of a Receiver, such Court shall
~c•~hvvith appomt a rece~ver o~ sa~d m.ortgagrd property aII and S~~g~iar, ~nt:~d.ng ail a~~d si~~gular the income, p~ol~ts, issues and reve~uea from whatever
scu~ce derived: each and every oi ~vh ch, ~t be~ng expressfy undtrs~ood. ~s he~eby mor+gaged as if spec~f~tatly xt fwth and dexribed in the graNing a~d
~_3:~endum c~auses her~~ot, and svch Recei.er shau havr all ~he broad a~~d efiec!:.e funcr.ons and po~vers in aoyw~se erorusted by ~ Cou~t to a Receiver, and
s_:h appointme~~t shatl be made by such Cov~t as an ad:.utt~•d eq~ity a,~d a n:atter oi absoiuie right to said MORTGAGEE, and wirhout reference to the
a~eq:,acy or inadeq~acy of tl:e vaiue of the proprrty mo~~gaged o: to the sc..ency or mso:vency of sa~d MORiGAGOR or the defendants, and that a~ch
•;~~,rs, prof~ts, inco.ne, issves and re.enues shail be applied by such Receiver eaord:ng to the lien or equity of said MORiGAGEE and tha practice of such
Co~rt.
8. To duly, prempHy and iuUy pe~'o+m, d~scharge. execu+r, effec~, compiete, comply with and abide by each and every the stipulations, agreert:enis,
_ond~t~ons and covenanrs ~n sa~d pro~~~ssori nofe and thls ~,:.rtg3ye set forth.
9. That in t?~e event the o,nnersh~p of the mortqaged prem~ses, o~ any pmt ehereof, 6ecomes ves!ed in a person other than the MORTGAGOR, the
~'~RTG:.GEE. ifs successors and ass:gn:, may, w~rhou~ not,ce to ~he A'•ORT.Gl+O~. deat w~th such svccessor or successw in ~nterest with reference to this
^~o•+gage •nd :he debt he~eby setvred in the same mannc~ as w~rh fAort~agor w~tho~t in any way vitiating or d~scharging 1he Mortgagori' liability herr
~~•der or upon the debt herco~ secured. Na sa:e of the F~e~~ n~s hareoy mangaged ar.d no forbearance on the part of the MORTGAGEE or its svccessw•
or ass~gns and ~o extersfon of che fune for the paym,ene o'. tiie debT h-,~eby secured g~ven by Ihe MORTGAGEE or its svccessors or ass~gns, s~jall operate
~o re~ease, d~scharge, med~ty cha~ge or aftect the ong~naf I~ab.;ay of the MOFiGAGOR herei~, either in whoie w in part.
10. It is spec~f~c~~~y agreed that time is of the essence of ~h~s co~~tracr a.,d that no waiver of any obGgatlo~ hereunder o? of the obligation se
c~red hereby shafi at an~ nme thereafrer be hefd to be a wa~~er of ~he terrns hereof or of the instrument secured herby.
11 In ;od+.c~ !o thz forege ~+q momh'~ ca~ r,ents of pri u~ai and inre:ist req~~red ty thc p~om'ssory no~e secured hereby, mortgagor tovenants
+^d ag~ees tu pay to r•.o-rgaa~e v~~sh each r.~cn~n y Fay: .e^t an add:~~onal sum ~-s` • a~ed b~ mortgagee to be equal to 1, 12 of the annual cost of tMe follow-
i
3
A-A!I fE31 ~roperty taaas le~.~ed O~ 355£5`.C~ eg ai :st th•: aU;;~.e deu~~~ad reaf estate.
B- F~,~ ,,•~s en 4.re a^d r.~nds'o m~nswar:e as he:~,n req~,red to be carr.ed on thz :m;;rovemQ~ts situate on the above described premises.
C-Pre~^~u~•'s o~ such .ro~t~;ge qua•3nTy icsura..ce as mc~~gagee aha;l froT ! me to time deem fit to carry on tfie ~oan secured hereby. ~
Mo~tgag_e s^a:~ `•om ~~e ro f~ ^e ~~c•',4; mcrtyagor Nr~t.r.g of th? a^ ou~t d~e and payable hereundrr a~~d such surn shall thereupon be due and
~If .-t.(e o~ ~he d~e da*e ef ~he n, at ~•-:c~th. ~ pay~. ent and each success~ve ~ o~•tA therrafter ur:tit mortgagee sfiall rtot;fy mortgagor of a change in such '
~ ~,,nt. $u:h sums s~a l be apc,'~~d Cy morrgeg•~e roaa:d the Na.r.~er.t of real property taxes, irwrance prem.ums, and mcrtgage guaranty insurance
~^~~vms.
~ {N ?YITNE55 ::'HERFOF. ~he sa+d MORTGAGC2 has he.e~~to set his hard and seai tAe day and y r first afwesaid.
~ Signed, Seated . defive in the presence oi: -
•n
~ - a a~i~--1-~.~,l~Q cs~.n
- 1•~~-r-- - cs~an
- - cx.n
5';,TE OF FLORIDA yi~~
~r• ~AC~ ~ S5.
_.;v!JTY Of ~
Befwe me personafiy appeared J~i~ ~11~iA1 Jr.
_ _ Hsaaie ~1~~ his w:ie, to me well known snd knowrt to me to b~
~+ndivedva~s desu~ord in and who exec.,:ed ~he fwego~ng in?st~rument, and acknow;edged before me thal they eaec~ted the same fw t1+~ pwpQM! :
•~.e•ein expresxd. And the tald. ~BS~A ~l~rv - - a
-
~ =e of ,?K .a;a - - - Jnlins jihit~ Jr. ~
_ _ _ - - - ----1- - vP«+ a i jp+?~t.~ ~n~ n~iv.t~ .
~ .,•n~ner,on by me ta:en stpa•ate and anert 4ran her sa~d hueband, acknowiedged to and be~o~e rne that ahe exec~ted ss~d inslprlrlM fr~ity Mt~ MOI~n~ f
~ y and w~haut any co~~~... s~on. consTre+nf, ap~rthent~oq*a fear of w from her sa~d husband. . ~ ±
^ • 'i q~
~ WtTNESS my ha~d ar~d o!f~c,a! sea~ th~s 9~.~ _ - _ _ dey cf _ _ _ _ - ~ _ r ' ~ ' A. D..I9~La. ~
y - , _
~ . ' t ' • .
IV tary Publ~c ~n • (w the Sta1E4 ,~'JI l~fa
~ My Comm~ssron eapires. ~'t'
Re~u~n io: e
~ F~rse federal Sa.~.~~s b lca~ Ass~:~~' o~~ 2161 VOTARY PUBL{C STATE Of FLORIDA AT ~T'~~~a~'~
p, „ , MY COMMI55i~N t = ~'si2E5 Mi.R. 2. 197 <<;iflirttti+~`~'. ~
~ Fc~r G r~,e c.; ~iENERAL INSUi'tANI.E UNUERW~TER$, INC. '•~'+3
~ECOROEo
' FIIEG 3~~'~ ~
~ ST.IUC~f ~~~K7Y fl~•
ROr,E R c~~•SaAS ~
~ K C ~ ~~~t COURT ~ -
Th~s Instrument Prepared By ~j. D. Cd~~~EkiF~EOJ""~'
~ F~rsf Federal Savmqs 8 L~an Associat~on
~ of Fort P~erce ~ 1~0~'lda Z~ :
Checked By ~ ~ . _ - - - - g~RK 19~ ?5?5 ~
;
l~a
~
: _ . ~~~~e : L
'~s, 1~~~` > i - : ~ ~ ~-S(i
e. , _