HomeMy WebLinkAbout0648 9. To p!ace and continuously keep on tt~e o~.,. d~~igs now or hereaher ~~~uate on sa~d land and on aG eq~ip~nent a~,d persanalty co~ered by this ma
ege, w:rh all pre~~~ums ther~~on pa d~~ fuil, t~*e i~ s:.rance ~n the vs~el stand~r~ pol~cy form, in a tum a{:proved by the MOR~GAGEE, and w~ndsto
~niurance in ihe us„ai s:.~ ~dard put.cy lorm, in a svm approved by the MORiG~GEE, in such tompany or tompan~es as the h10RTGAGEE ~n
d;retr, and' all iire ar,d wmdiiorm ~nsura~ce po:~c~rs on any oF ~a~d kw~W•nga, any interest the~ein ~x ~art thereoi, in the agg~egate sum aforesaid ,
in eacess ~hereof, sha11 conta~n ~he us~a1 sta ~dard mort9agae uause or ~uch o~he~ dause as ~he Morlgagee may reqwre, making ~ha ioss u~drr sa~d po ~
c es, each and every, pe,ab e to sa~d :~JRTGAL;EE as ~n ~nirrest may sp{xar, ard each and every such po~~cy shall tx promp~ly au g~~eJ and dei~~e~ed ~ , ;
any held by sa~d h10R1GAGEE as I~nhar srcuray to sa~d moriya~e dcbt. and, noi ~ess than ten 1101 days in ad.ancr of the exp~te~~o~ of each pol~cy, to d.
:.~er to sa~d hIORTGAGiF a rrr.ew~l ~herruf, ~c3e~hrr with a rece~pt ior the pre~n~um of such renrtiai; and ~here sha~l be no fire or w~~~d~~o~m inwront
p'aced on any of sa~d b~+!d•~gs, any ~nt~~rest there,n or pa+t ~hrrco(, u~!eas in fhe form and wrth ~he ~oss payabie as afo~esa~d; ard in the eveM any iun
of money beco•nes pay~b:e ur.dr~ wch polrcy or po!.c~es sa~d I~10R1GAGEE sh~ll have ~he opron te rete~ve ard app:y the same on accoun~ o( the ~~~debtrd
r~ris secureJ hr!rby o~ ~o perm~t s3'd MORTGAGOR$ ro ~eceive and use it p any p.~rt the:eoi ~cr o:n•~r Hur.~os~s, v.:~n.~„t ~fir~. o, wa~vl y ~r nnpah ~
~ng any eqwty, ilen or r+ght unde~ or oy ~irtue of thi~ mo"yage; and in the evem sa:d MORTGAGORS ahell Eor any reuon fail to keep the ?a~d premiszs so !
~nsw~•d. or fa~~ to dr.~Ycr pro~nNt'ry any of sa~d pol~c~rs of ~nsurance to sa~d MJRTGAGEE, or tJr. PiJmNt:y to pay fu,ty any p~r~n~~m the~nlw or in a~y
~es~ect ta~l to perfarn~, d~schar Je, e.ewrr, elfec~, ca~~p~erz, co:npty wirh and ab+de by th~s covenan~, or any pe~t h:rroS, se~d MGRT:.AGEE may p~ace a~o
pay for such insur.~nce or any part tt,r~eol w~tnout wa~ving or affecting any opt~o~, iien, equ.ty, or n~h~ unde~ or by virt.,e of th~s Mo.tgaye, and the
f~ll amount of rach and e.rry svch pa~ment ~halt tx ~n~~ned~ateiy duz and payable and shail bear ~nrer~st from tha date ~hereof ~ntil p~~d at ~he rate ol
~~~~~e pe~ crntu+n per an~~u e~J ro~~tr.~~. a~th such i~~trresr shai, be sacured by the Iien of th~s mortgage.
4. To pe~mit, commit or suffer no waste, impav~.nrnt a deter~o~at~on of said property or any part thrreof.
5. To pay all and singvlar the cose;, charges and expenses, mdud~ng a rrasonable' arro.nry's fee and co:~s of abstrads o1 titie, incurred or paid at
an,r t~~r.e by ~a~d MURIGAG'_E, oeca~se or in the evnnt of ihe faliure on the part of the aaid MORTGAGOR ~o duty, pro:.~ptly and fuliy perfwm, d~scharge.
~.ccute, elfect, canp:ere, co-rp:y v~~ih a~~d a5 Je by each and e~ery the stip~!at,ons, agree~~~ents, cond•tions, and tovenants of sa~d prom~;sory note and ~h~~
o~~gage any e,the~, and sa d cosTS, charyes and expeme~, each end every, shaU be immrd~atety d~e and payab:e; whether w not there be not~ce dr
-~,~n~, attempf to co:~rct or suit pe~:d~r.g; and tne fuI! mnoont of each end every su:h paymem shall bea~ intares~ from the date thereof unril paid at tht
<< oj n~ne cer cent~m per en,~c~+; end au sa~d c~srs. ci~arges a~~d c~::enses incurred or pa~d, toyether w~th such interast, shall be setured by the I~in o4 thif
rr.or tg age.
A. That (a) in the event o~ any hreach of this Mo~tgage ot def~~{t o~ the part ol the MORiGAGOR. or ;b) in the ev~nt any of sa:d sumf of money ~
!~~~ein referred to be not ro+~~ +i a~d si~:~ r~d .~~tn~n th,rt t3Ji da •s nex! a'rre. the same sc~e•a': ~ecome due and a able, w~~hout demand or notice, - ~
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cr icj in thr event each and eve~y the st~pu:ar,o,is, agrecmcnts, cond~r,ons and covenann of sa d pro~msso~y note a~~d tA.s mortgagr any or e~ther are not i
i.~ prompNy and f~~Iy perfo:med, d.acharg•d, e~rc~ted, e~fecred, canpEe~ed, compa~ed w~+h and ab~ded Sy, then in e+ther or any such eveM tM sa~d ag
3a'e sum mennoned in sa+d pra:~~ssory no:e then rrma~~~ng ~npa~d, w+th ~ntere~~ acuued, a~td a~i moneys setured hereby, shall become d~a and pay-
c~ iorrhw~rh, or rherratrer, ae fhe opuon o~ s.~d M02TGAGEE, as ful:y a~xl comp:efety as i( all of ihr :a~d sums of money were o~~g~~~ily st~p~Eered
be pa d un such dcy, anythin~ i~ d pro n,ssory ncre o. in ~h~s Morrqage to ~he con~rary no~w~ihs~a^.d.,~g: and there~pon or thereafter a~ ~he opt~on of
~,i NtORT~AGEE. v~~rl,o~t not,cr or orn:and, s.,~t at law or ~n eq~rty, the~rfore p tt,ereaf~er begun, may t~e proucuted as if all rtwrx~s secured hereby
d n,ar~red pr,or to ~ts uut~t~non
7. ih~r m the event rhat at rhe beglnn~ng of or at any r~me pe~d,ng any su~t upun !h~s Mongage. w to forectose it, or fo reform it, or to enforce
;,.ment of a~r c,~~ms hereund~r, s.+.d l.'.JR:GAGEE sha:l appty to ~he Cour~ hav~ng ~~~»d,r..or. ihereo} f~r ~he appo~ntment of s Rece~ver, wch Co~n shail
•rh,n;tA appo~nt e recr~.er of se~d r.•e:rg,g~-d p~oprrty a:i and s~ngvlar, inc~vd ~~g a~: and s~~:g~~ar t~•e ir.con,e, profrts, ~swes and revenues irom whatever
s;•cr der~,ed. each and every of ~ehch, ~r t~e,~:g eap:°ss:y ~ndr~s~o~~d. ~s Fe~eby morrgaged as i4 spec~l~ca~:y set fath ind desu~bed in the granhng a~d
~,rndv~~ c:a:;ses hereoi, and such Recr~.e. sha,~ have e~~ the b~cdd a~d eff~cr~~e fu^~! ons ard po«e~s ~n anyw~ar entr~sted by a Covr~ ~o a Recaive~, e~d
s.~ 3ppe~nimcnt shau !x• n.ede by s~:ch Co::~T as an ad +uttrd equ~ty and a r.a!re~ of absu~ure r~9nt ~o sa:d h\ORiGAGEE, and w~tFw~ut reterente to the
tea:.cy o{ ~n~deqvacy of t^e va!~e oi the pro5.rrty m.0'~gaged or 1o tn._ sovency or ~~sc~venCy Of sa~d MORTGAGOR w iht dtfendan!3, and that sucfi
~~`s. prof:is, fntO~ne, ~awes and re~.z~~~~es sha:+ Ex appi~ed by such Reca~~er ac.o~ci.~zg fo the ~~en or eq~~ty of •a~d MORiGAGEE snd the prachce oi such
C;;urt.
8. To du'.y, pro~Fr:y ard fv:~y pe~~o+m, OIs_he•ge. e.ec~re. e~fect, coT.plr!e. compty w~rh and abide by~each and every the stipulations, agreements,
:~nd•fions and coven,tnts ~n sa.d pro-n4so'~ nure e:~d tt~:l n;~rtga~2 srt forfh.
9. Thar in rhe ete~r the oxnerSF..p of rhe r•io•t~aged pren„ses, or d~iY Fart therecf, becomes vested in a perwn other than the MORiGAGOR, the
:~RTGAGEE. ~ts successcrs a~.d ass gru, ~.:ay, w:'ho~t net~ce to ~he SS~RTG%.pR, deal w~th such successw or successo~ in Interest w~th ieference to this
~~gaye a~~d rhe d~bt hereby secured in the sa~~e R:3~r.M as w~ih Mo~rgagor wnlsout ~n a~y .vay v~t.ating or d~sc~arging the Mortgagors' liabiilty here~
~x ~,p,c.~ cnP n.•;;t h<•~e:~; se;~~~~.! Ne s.+ e ct rt,r F~e~. ~ses he:eb,r mo~tgegrd a~d no forbea~ance on the pan of ~he MORiGAGEE w its successws
, ess~g~s end no exre~s~on of rhe r~•-r fur rhe ray-~enr o+ ~he debt he•~•by srwred g~ven by the MORiG~GEE or ~ts s~ccessws or ass~gns, .1~a11 o~erote
re~eese, dacharge, n~cd~fy cha~~ge or sffecr ~h. or~g~~,al fab::,ty of the M.QRTGAGOR t~ere~n, e~ther in whole or in part.
10. It is s~ec j:c a':y a~.~rd ~ha+ t~me is of the esse-ce of th~s co-~tract and that no waiver of any ob~~get~on hereunder o~ of the obliyatbn st
._•rd hereby sha'~ at any time tnerea:re~ ~e hc:d ~o be a wsirer of the terms hereof u of the instr~rnem ucu~ed herby.
!l ir. i i•_ •o •~.e r_rezc ~7 ;•:es of pn: c pai and :.rtr.est re~.,.red by the pro~n sscry ne~r secored h_.:~; [pJenants
ay~c•cS pa~ ~o~~•:o~t3+q~e ~.,~.:h c~a,h r.•;,.,r'r.'r ua,..~.c.~. an n.i,;•:~..net sum rsf..~ ared by mo:ty.+gee ro be eyua' to l, 1T of the annual :ost of the foliow-
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~ q _qr, .<a' ..icp,~..r~ •i~._i 'r..-.. c 355.•?1~_:] .:yi ~'.y• : e~:o.e drsc'•~:.d r~ai es•,,•e.
9 6 r ~:s : f•r a~ d.. :is•: ~rs :e es r~: c n n~;~, •~d to be ca- d c~ the ,;rove~nc:~~s s.t~ate on thr above dsst~~bed prtmises.
t C P•~ •~s o-i .,::h .•.orr.~ .:c.• g:~a~e~~.~r ~~s~.:;a~ as n-:o•tya,ee ah~~.; frc^~ .~re t~ t~ r~e deen f,t to carry on the loan secured herebY-
~ hior!g,qrr : I'~r•n r.•~~e 'o r: ~.e crry.,yc. ~n wr~t~ng of the a^•o.~~t d.,e and payabte herrurx~rr and such w:n sha~t r~erevpon tx due •nd
o~ ~i r! e~_.r r+ • c,~c a~ d rach i;,ccrss~.e ~~o•~rh rt,erzaftz. ~~.r~~ m~rtgagee sha!1 not.fy rnorty~agor of a char.ge in such
'~~r. S~cn •~s s_+ ~r 3, ~,,u ~nC!•go~:e ~0:..+'d ti:e pa,:r:ent ot rrs! p~cpe~ty ra.es. ~nwrance prem• ums, snd moftgage guaranty insurance
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~ IN :11TT~f55 :'.~_REC~, rr~e sa d V!QRTG.:~~~R has hereu~,ro set h~s har.J and sra~ rhe day and yca. fnst eforesa~d.
` gned, Sei!ed a^d e!~ ered ~n the prese~ce of: ~`Ep AN REC4~Q~0 `t ' ' _
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u`iFY OF . - - - St. . L11C ~9 - - - ~ ~ :
° e~tw~ m~ a,:~~~.a _ _ _ _ _ Virginia C. Rice, a single adult _ ~c ;
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- - - - - ~ ro me weil known ar.d known to me ~o b~
_~~d~Y~d,:e~~ desc~~crd in a~d v.ho exr,ured the foreya~ng ~nifr~ment, ~nd acknow~edged before me thet ~hq eiecured the ~arne for the purposrs
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~ti~T'iESS mv he~d a•~d off,c e' seal rh~s --~L d~y of---- -NOOd~~T A. U. 19_ r 1 's
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F rst icder~! Savi~:gs 6 loan Asyc;
:.T r:+ t ~ftY PtJ41 1C S7ATE OF FIORtOA AT 1 AR(3!
~.Y rr•u•tEcc~(?N EXPIRES AUii. 6. 197~
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GENERAL INSi1RANCE UNDERWR1TtRS. ~1~4.
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Th~s Ir.strur-•ent Prepared BY ~llq. E. $r8tlri ~
F~rst Federa~ ~a~ ~ngs 8 loan Assoc~ation
~ of Fort P~erce ~ F2orida ' ~
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