HomeMy WebLinkAbout0996 3. To place and cominuous~y keep on the bu~ d;ngs ncN or hrreaher sit~ate on sa~d ~and and o~ ati eq~ipment and penona~ly covrred by this mor
ege, w~th all pre^~:~ms '!'r:caa Ya,~ l~~i, f~re insvra:ce ~n ~i.e ~s~~~ s~a~•dard po'~c~ form, in e sum aFpro~ed by ihe h10R~tlaG~E, a~~d w~~~dsto
~nsurance in the usual standard pol,ty fo~m, in a wm approved by iha h~JRTGAGEE, in such company or compan~es aa tne 1.1pRiGAGEE m
d+rect; ~nd all fire and w;ndsrorm insurance poi~c~rs on any of sa~d bu~:d~ngs, any interes~ therein or par~ thereof, in the agg~egate sum a~oresa~d
eacesa ~hereof, shell :onfain ~~e ~wal e~a~~dard mor~gagre c~ause or euch o~1~r ciause as the Mortgagee may requ.te, ma?ing ~he ioss u~dr~ sa~d po
c~es, tach and every, payab'e to sa~d ~~\ORTGAGEf as ~ts ~nter~•ft may ay~pear, and each and z~ery wch po.~cy shaU be p~ompfly ass g~~ed and de:iverrd ~
ar.y held by sa~d MORIGAG~E as iwrher secur~ty to sa~d n:ortgage dcbr, a.d, not les~ than ten (10) days in ad~ance of the expirat~on of each po!~cy, to d. i
:,ver to said MORTGAGEE a renewal theroof, together wiih a rece~pt for iha prCmium of such ~enewal; and there shall be no S~re or w~n,isw~m insuranc ~
placed on any of said Eui!d~ngs, any interest there~n or pa~t therrof, u+~'~ss ~n ~he form arxl w~th the toss poyable as aforesa~d; and in ~he c~eM any sun ~
of money beca~nes payable unde~ such pol~cy w polic:e~ sald .ti10kiGAGiE sh311 ~ave rhe opt~on ro rece~~e a~~d appty thr san~e on acsow~t oi ~he ~~~debt~d
ness sewred hereby w ro pe~mlt s.~:d MORTGAGORS ~o recrive and ~se i~ or any parr ~n~~:eot for o,i,~•r p~r~..osrs. .•.~!hc~t ~n~~~or ~'~P~"
ing any ~qu~ty, lien o~ rigM unde~ or by virt~e of th~a morrgage; a~d m thr evem sa~d M02T(~AGORS sha!1 4w any reaaon fail lo keep the sa~d pretmsas so
,ns~red, or feil to deliver p~anptly any ot sa~d }~o~•ues of insura~~ce to sa:d MORTGAGEE, or fa~~ p:omptly to pay fully any pre~n~~m theret~r or in a~y
rrspzct fail ta perfo~m, d~scharge, execure, effec~, canpietr, conply w~+h and ab~de by this cuvenant, o~ any par~ hzreo(, sa~d MORT;~~G'cE ~nay p~acr a.~o
pay for s~ch ~nsurance or any part thereof w~thaut waiving w affecring any op~~on, lien, equlty, or r~ght under or by virtue oi th~s Mortgage. a~d thc
f~ll amouot of each a~d every such payment shalt be ~~•~med~etely d:,e and payable a:~d sha11 b.~ar interest from tha date thereoi u~vil po~d at the rote of
n~ne per crnru~n ~:r ann;,,n and to~rtiirr ~n~fh such inee~~~si sha~~ or s~~:~red by the I~en of t~~s mo~t9age.
I. To pefmit, tommit w suffer no waste, impa~rment or detrr~oret~on uf said propcrty or any pa~t thereof.
5. To psy aq and singular the coats, charges and expenses, ~nc~ud~ng a reasonable atto~ney's fee and cosrs of abstracts oi t~tle, ~~~wrred or paid at
any time by sa~d MpR1GAGEE, because or ir. the event of the fe.wre on the part of the sa~d MORTGAGOR to duty, prw,~ptly and f~Ily pr~lor~n, d~scnarge.
~.ewte, e4fK~, canplete, compty w~~h and ab.de by each and every ~he st~p.,ta+,ons, agrermenrs, condinons, and covenants of sa~d prom~sso.y no~e and i~~s
ro~tgage any or e~~her, and sa:d costs, charges and e~penses, each ard e.ery, sha~f tK imm~diately due and payable; whether or not rhr+e be not~ce da
mand, attempl to coUect or suit pend,ng; and the iul! arnount of each a~~d e.ary such paym.-m shall bear intcrest from the date thereof ~ntil paid at Ihe
~ rr o~ n~ne pe~ crntum F:er a:~~~cT; a:~d a~l said costs. cnargca a•~d a~:e~~s~s [:x~rred or pa~d, together w~th such interest, shall be sac~red by the i~tn oi th~s
mortgagl.
6. That (a) in the event of any breach of th~s Nlortgage cr defau:t on iM part of the MORTGAGOR, or ;b) in the event any of ~a:d wms of money
herein referred to be not prwnpt'y ane+ -~•a t`:~', ;3;i! do,s nexi a•r~+ ~hz sa:~+e se.era'iy beco~ie d~e and payabl-, wit~out dema:.d or not~ce.
~r ~c) in thr event each and every fhe stip~~at~ons, ag~eemrnts, to•:d.'~o^s and tovenanis of sj d prom~ssory note ar~d th~s mortgage an~r w enher are not
iu!y, promprly and f~ify pe.fermed, d scharged. e~ecvred, effec~ed, comp;eted, compJ~ed w~+h and ab~ded 5v. e~ther o? any tuch event ~he sa~d ag
~•egate sum mentioned in said pro~r~sswy ncte then rema~ni,~g Ull~~a~d, w~th ~:~rrrr,~ ac:~~ed, end a~l moneys secured hereby, shail become due and pay-
ac.e forthwith, w thereaf•er, at the opnon o4 sa~d AIORTGAGiE as fui+y a~.d compie~e~y as if a~l of the sa~d s~ms of money were or~gina~ly st~p~~ated
ro be pa:d on such d:.y, anything m sa d p~e~n,ssory ~ote or in tn~s nlurig~~e to the conva.y no~w~ihstand~~:g: a~d thereupon w tfiereafter a~ the opt~on of
sa d 1~lQRTGAvEE, w~thout not~ce o~ demand, su~t at taw or ~n equrty, tnerrfore w thereattrr brgu~, may be proxcuted as if al! moneys setured ife~eby
c_d mat~red pr~ot t0 Af ~nit~tut~on.
7_ That in the event that at the beginnfn9 of w at any r;~,:e pe~~d~ng any s~~t u~c+~ +h~s Mo*rgage, o~ to foreclex it, or to reform it, or to entorce
; aiment of any da~ms he~e~noer, said MvRT~AGEE sha~: aF~~:'~ ro rhe Cour~ hav~r.q ~unsd.c~.on thereo4 for the appa~ntmero of a Receiver, such Covn shall
rc •rhwith appom~ a recewe+ of said mort~agrd p~optrty a~l and s~~g~~ar, r.~:iud ng a.l a„d s~~ y,;'ar the ir.come, profds, issuss ar.d reveruea i: v.hate~er
s~ ~~ce derived. each and every of ..h..h, ~t be~ng erpress:y ~~ar~s•oad ~s hereby n:ortg~ged as spec~f~caity set forth and dexr~bed in the granr~ry and
h.,oendum c:auses hereof, and tuch Receiver shali hare ail she u~.:ad a~ d e~f ~r:~e fu^cT,cra and po.rers in anyw~se entr~sted by a Cowt to a Recriver, and
s_ ch appointma~t sha'I be made by svch Ceurt as an ad•~un~-d cq::~ry a~~d a~• a~rer ot at~so~~re rlght to sa~d MURTGAGEE, and witFu»t reference to the
a:ieq.~ecy o. inadequacy of the vel4e of ~he prope~ty mo.to=ged or ~o me sn vr~cy or ~nsc ~ancy of sa~d MORTGAGGR o~ the defendanrs, a~d ~hat svch
~•'s, prof~rs, intome, iss~es and re~mues shali br app.~ed cy s~ch Recener accor~.ng to the i~en or equ~ty oi sa~d MORTGAGEE and the practice of such
Cuurt.
8. To du~y, p~o~*~pt1y and fu~!y perform, oncha~ge, exrcuee, efte:'. co-.+p~e'e, co~nN~V with a~d abide by each and every the st~pu;ations, agreements,
.o-:dnions and covenanq ~n se~d prom~ssory note and in~~ n-„rtga~~ s_•t twth.
9. That in the event ehe ownrrsh~p of the rnorrgaged pre^~,s~~s, c~ a:i~ part t~ereof, become~ ves~ed in ~ perwn o~he~ than the MORTGAGOR, the
Y~RiGAGEE, its successws and ass~gns, may, wi~hov~ nor+ce to +^e ,t~Osc'•G~OR, dea~ w,th s~ch successw or svcceasor ~n ~nteres+ w~~h reference to thi~
~~o•~gage and the debt he~eby sec~rcd i~ the same manner as ~.~h ~ry,gor v.aho~t in acy way vit.ating or d~scharg~ng the ?brtgagori liabildy herr
der w upon +he debt hr~eby secvre~. ko sale of t~e F~e~~ .ses h::eby ~r.o~tyaged and no fortea.a~ce u~ ~he part of the MORIGAGEE w its succesaon
ass~gns and no exte~sion of the t~me (or the paymem ot tr,e drb! h=~-_:;r sec.rred g~ven by ehe NtORSGAGEE or iti successors w au~gns, s;~ail operate
!o re~ease, a~scharge, mod~fy cha~ge or affect tne o:~g.nai ~„b..ry of ~he h.OfiTvAGOR Iurem, e~ther ~n whole w in part.
10. It :s spet,+ica~.y agreed that hme is of the essr~ce of th;y contract ar,d that no waiver of any obilgar~on hereunder or of the obfigat~on se-
o~r~ hereby shai; st any nme ihereaher oe he:d to tY a:ve~.er of ~he terms hrr~f w of fhe r•~strvment se;~red he~6v.
I1. In a~d t~c~ !o +na forege ~;7 •,~onin r F.a~^ 'n's of , a'~ a~d ~^!eres* req~.;ed by the ;,•Mn sscry no'e sec~red lKrzby, mo:tgegor covenanis
d aa~~~es ro pay ro ~~o-r~a~Fe ~.:h each r.~on~h ~;;a,: r~:~ an add ~.~r,a; s.,^, es• - a!ed by mo*igagee to be eaua~ ro 1 12 of r':e en:~~al cost of the foliow-
~
i -
! A-AH rea~ property raa;s !e.~~~d or assees~•d eg,~ •sT t^c ah~:r d_sc~:^cd ~,a~ es~ate.
i B-Dre~r:v~ns on Fre ar,d vvmdsre•m ~ns::r.~~ ce as ne<<•,n req., red to br ca~~~.~~ en the :~~{_:ovrments s~ivate on th: abave d=sc~it~ed prem~ses.
C--0re~n:v^~a oa such morr~,ye g~a~a•~ty ~rw~a• :e as mo•t~agee s!~3 ' f.r~ . ro trne derm fit to carry on the foan se:ured hereby.
t Mortgegre shi'1 ~rcm r.me io ra->,e no~~f~ mc•~yagcr n,~r,r.ng of ~he ~^~c.:~f d.,e and payabfe hereundr~ and svch w~+ shail thereu~.~on be due and
: i.ab`e oR d:,e tie~e of ~he ~•exr ~.,o~th ; p~y~ c~: and e~ch ;„ccess~~e ~ o~~+h rnereafr~r ur.t~E mcrtgagee sha!S ~ot,(y morfgagcr of a change in such
E :-~vnt. $uch sums s~a i'ue app:~~~d oy mortgay_e re~a-d the paym2nt of rral pruperty taxes, ins~rance prem.~ms, and mo!t~age g~a~aMy in~urance
.~~rmiums.
ITHESS ?INERCOF, the sa~d MORTGAGOR has he•e~-~!o se! h~s hj~ d and aeai the day and year first aforesaid.
~ Sealed and de/?~vercd ~n
~t presence of: ~
'~1"Q~I/yll _~~C1G'1~~~~ - ~ (Seal)
OII S I • OC C
- - (Seal)
` f- - ~ C E -'~.~E~' --t5ea1)
~ ~
- - (Seat)
~
~ S~~TE OF flORIOA
~ , JU'VTY Of St • L.11C l e 1 ~
~ ~ Thomas C. Locke
Be`o:s .:.t ~:c:.rw~.~ apF,esred -
z LOC ICE
~5 ~3Z• his wife. to me we~l known a~d known f0 me fo ba
?tiz ind~v~dwls desu~bed in and who eaewted the foregoing instrumem, ~nd acknow~edged before ma that they eaec~trd the sama 1w the p+:rr.ses
rhe~ein rrxr:e.sed. ArKi t~~t re,d--------- ------~~n S• L.OCjC@ - - -
~.Je of the sa~d ---Tt102A8S C._ I.OC~Ce---- upon e u;,a<ate and ~wivat~
e.am.na~:on by me ta~en teparote and eprr~ 4rom her sa~d husband, adnowiedged to and 'oefore me that she eaecuted said instr~ment frtei~ ar.d voiu~r
' ~a•~:y and w~thout •ny comp;,is~on, cor~atramt, apprehens;on~,q fear of c~ f~om her w~d h.;sbsnd. ~
~ G
_ WlT~~{ESS my hand and offir.ai seal th,s day ~.r__ vember _ ~ p, 19 71 _
- - ~ . ~ .
No+ary PubIK in ~nd fw the at~ Fl~ij~t
11Ry Comm~awn sapiros:, , v~
R`~~.~ r°: ftLEO AND RECOR = V~`' ~
_ F~rat federal Sa~~~gs ~ loan Assoc~s!.o~ ST. INCsE COU~ITY ~
`~'T P 1tOCEN POITRAt ' 4~~•t a P
_ eo~r P~~•r:e :i~ CtERR CIRC~I1T~OrRT ~ ~ V v ~ ~ ~
_ AECORO r£art~Et! - ,~'Y O , ~ ~ k
. a
~ : ~
' . "='s~' ~
; ~1 ~ • • c
11 I~ ia PN t~
_ This Instrurnent Prepared By FiChard K. Y•ayes
- F~rst Federal Sav~ngs 8 loan Assoc~ation
of Fort P;erce, Floricl~ ~~n~o J
~,~t .7
Checked BY 1~-------
r~
- aooK ~g7 ~ 9~
_ . - - -