HomeMy WebLinkAbout1000 3. To ptace and com~nuo~sty keep on the bv~:d~ngs ~ow or herroiier ~~tuate on sa~d land and on all equ~p~nem and persona!ly cove~ed by Ihia ma
age, w~~h all prem~ums thereon pa:d in full, f~re insurancr m the us~.+I ste~xl3rd policy fonn, in a sum approved by the MOR~'vAGtE, and winds~o
~nsurance in ~he usual standard pol.cy form, in a s~m apNrovrd by fha MORTGAGEE, in sucA company or compan~es as the h10RiGAGEE m
d~~ecr, and all (ire and w+ndi+o~m insurance poti::es un eny of sa~d buiid:ngs, any interas~ therein or part thereoi, in the aggregare f~m afo~eeaid
+n excess Ihercof, ahatl :omain the usual siandard mortgagre ciause or such o~her ciause as the Matgagee may requue, mak~ng the ioss undrr sa~d po
c~ef, each and eve~y, payab:e to sa~d MORTGAGEE as ~n ~nt~r~~ft may appear, and each and eve.y such po'~cy shall be promptly ass gned and de~i~ared i
eny held by sa~d MORiGAGfE as f~rthrr security ro said nwn9aga dabt, a,~d, not less than ten (10) days in advance of thz ezp~rat~on oi each po!ky, to d+
„ver to said MORTGAGEE a rtnewal ~hereof, togeiner with a rrce~y:t fcr the pram~um of such re~ewal; and there shall be no f~re or w~~~ds~o~~~ inswanc
placed on any of sa~d bvild~rgs, any interest the~e~n w part thereof, u~!ess in the fo~m e~~d wiih the loss payab.e as aForesa~d; a~~d in ~he e.eM any sun
of money betomes payable undrr wch pol:cy w po~ic~rs saiJ MORiGAGEE shall have the op~~on w recaive and app!y the wme on acco~nt of the u~dabtrd •
ness secured hereby or to perm~t sa:d MORTGAGORS ro rece~ve and use it o. any F,a~t ~hrrrof fo. o:~+~~. purc~srs, .•.nhovt th~..or w.;:.~.~~~ a~~p~~~
ing any equity, lien or righl undrr o~ by virtut of this mc:cgagc; and in the event sa:d M0,2TGAGORS shall fo~ any reason fail to kcep the sa~d prem~ses so
~nsuretl, o~ fail /o deliver prWnpfly any of said pol~c~es of ~nsurarztt to sa:d MORTGAGEE, o~ fail promptly to pay 4u~~y dny p:rnewm 1hirNfor or dr~Y
re3pect fail to perform, d~scharge, exec~fe, effect, ca~:pierr, canply ..~ih a~d ab~de 6y rhEs cova~ant, or any per~ hereof, a~~d t~AORTGAGEE ~~aY p~ace a~e
pay fo? such insurance or any pa~t thnreof w~thout wa~ving or affei~ing any op~~on, lien, equ:ty, or riaht under or by v~rtue of this h~origage, and ~he
f~U amoun~ of each and e.t~y such payment shalt be l~nrr~d~arely d~e and payab:e and shalt bear inte~est irom tha dafe thereof unril po~d at ~he rate ol
~~~ne per tanrum per annum a~xl tO~rllidl ~n~th s~ch inte:rs~ shai~ be s~~:~rrd by the Gen of this mortgage.
1. To pamit, commit or suffer no waste, impairmrM w detenorencn of sa~d property or any part thereof. ;
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5. To pay aU and s~ngu~sr the costs, charges sr.d expe~ses, ~rcl~ding a reaso~~able e!tornev's (ee and costs of abstraus of titfe, incurred or paid at ~
eny time by sa~d MORiGAG:E, beca~ae or ~n the event of ~h- fa,lure on Ine part of the sa~d MORTGAGOR to d~ly, promptly and fully perfonn, d~scharge.
e.ecute, effen, ~ompk~e, comply w~th and ab•de by each and every the st~p~~af~ons, agreements, cond~t~ons, and covenanrs of sa~d pro~ussory note a~~d ~h~s
~,orrgage any o? e~~her, and u d costs, charges and eaprnses. each and every, shall be ~mmrd~ately dve and payable; whether a not there be nonce dr
n~,and, atrempt to co:kd pr s~it pend~ng; and the iu~l a~no~M of each and every svch payment shall bea~ interest from the date therrof ~nril paid at the
•c o~ n~ne per cenwm per a~~~~~~~: anC ai1 sa~d cn:ts. charges and c.~e~:ses ~rxurred or paid, ioge~her w~th such i~Sl~rest, shall be securrd by ~he Gen of Ihi~
mortpage_ ~ -
6. Th~t (a) in the event of any breach of Ihis Matgage or defautt on the part of the MORTGAGOR, or ib) i~ tlx event any of sa;d sums of money
herein rcferred to be not pro~rptl~ artd tu,Iy ~~d wnhm th,rry ~30; days neat a~n~r ihe same seve~a!ly becumr due and payabte, w~~hout dema~~d or nonce,
or ;c) i~ the evem each and eve+y the s~ipu~at~ons, agreernents, cond~t~ons and covenanrs of sa.d promisso~y note and th~s mortgage any or e~ther aro nol
~u.y, p~omptly and fully perfo~med, d scha+ged, exewted, elfectcd, comptcted, compl:ed with and ab~ded 5y, ~he~ h+ e~ther w any svch-~vent tiie tard ag
a~egate sum menhoncd in sa~d prom~ssory no!e then rema~n~ng ~nf;a~d, with inirrr,t acuued, and a~1 monrys secured hereby, shall become due and pa~-
ao~e forthwifh, or thereafter, at the opt~an of se~d M02TGAGfE, as f~ity a~ui co•~.pfetely as i1 a~l of tfie sa~d sums of money were w~g~neliy st~pu:ated
io be pa~d on such dsy, anything in sa.d prom~ssory note or in this Mortgage to the co~frary notw~thstand~~.g; and thereupon p therea+ter al the opnon of
sa.d MORTGAGEE, wi~ho~t nance or demand, sud at law or in equrt~, therefore or therrefrer beyun, may be prosecuted as if all moneys sec~red here~y
r.;d matuted pnor t0 ~ts ~nshtut~on.
7. Tha~ in the event ~hat ar rhe beginn:ng of w at any f~me pendi«g any sv+t upo~ r1e~s Morfgage. a to foreclose it, or to reform it, or to enforce
~a~ment o! any c~a~ms hereundrr, sa~d MORTvAGEE sha;I app~y to the Co~~~ hav~~~g iunsd.cnon thereof fw the appomtmen? of a Receiver, wch Courf shail
r~:thwirh appo~nt a rece~ver of said rr,or~gaged property aII and s~~~u~ar, ;~,ciud «g a;1 a~~d s~i:g~;ar the ~r.come, prof~ts, issues a+~d re~enurs from whatrver
s_~.,rce derived, each and evrry ~f w~:•ch, n t,e:~.} eap~esvy unden!occi, n te~en{ mo.rga9ed aa ~f spec:l~caily set fo~th and dexr~bed in rhe grannng and
h ~bend~m da~us hereof, and such Rece~ver shaii havr alf the b~oad a~.d eft~~n.e f~:~cr.o~~s and pon.e~a in anyw~se rmrusted by s Court ro a Recriver, and !
s_ :h appointme~v shail be made by wch Co~~r as an ad.~~rred eqv~ry and a marrer of abso~~re r~gM to sa+d MORTGAGEE, and wiiho~t reference to the
e,.+equacy w ir,adrqvacy of the value of the proFerty mor~gaged or to rhe se.vency w~r.so!vency o1 said k10RiGAGOR a the defendams, and that wch
.-~rs. profits, incane, ~ssues and revenves sha~l be appi~ed uy such Rrca~+e~ ac:ord,ng to tt,e Den a equity of sa:d MORTGAGEE a~~d the prau~ce of such
Court.
B. To du!y, prompt;y and fu•.~y pe~fo~m, d~s:hnrge, executr, effect, co~nplete, co~~y!y w~th and abide by each a~d every the stipuiations, agreements,
cond~frons and covenann m said pro:r.~ssory no!e and fh s~~~:;rtga~e sri forrh.
9. That in the event rhe ovvnersh~p of the mortgaged pren,~ses, or a~~y part thereof, becomes vested in a person other than tFre MORTGAGOR. the
ORTGAGEE, its succeuors and ass~gns, may, wirhout nonce to ihe AhORiGAOR, dea. wnh such successor or tuccessor in interest with reference to this
~ o•fgage and the debt hereby secured in the same manner as w~fh tdortyagor w:thout in any way vit~ating or d~uharging the Mor~gagc>ri liabit~ty nere-
_ der pr upan the deot herebr secvred No sa'~e o~ the F~eTnes hereby rnortgaged and no fo~bearance on the part of the MORTGAGfE or its successon ~
assig~s and no exte~s~on of fhe nme for the payme~t ot the deb+ hereby sewred g~.•e~ by the MORTGAGEE or its sucussws w asa~gns, s~sall operate
ro re~ease, d~scharge, modify change or affect the ong~nal {~ao.. ~y o< <he MORTGAGOR here~n, eitiner in whole or in part. ~
10. it is spedf~calfy agreed tha~ time ~s of tlK essence of th~s contract and thst no waiver of any obt~gat~on hereunder a of ehe ob!igstion ~e- ~
cU~ed hereby sha!i at any tin.e thereafier be heid to be a r a~~r~ ef the terms hereof w of ~Fx instrumeN secured he~by_
11. In add.t;cn to the fo~ego n~ month~y paym~ots of p•,,c ~i and in~rr~s~ requ~red by the pro.r. iscry no'e secured Aereb~, mortg~~or covrnanta
! d ag.ees to pay to m~rtgaget wrth each monrh y Yayr.,e:,t an add.~~onei sum rs! ~~~ared by mortgiqee ~o be equal to 1 i2 of tt~ annual cost of the foliow-
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A-Aii rEai property taazs te,~rd o+ DSS?SS,~a agj~ st tn_ ano.e des•:^ted reai es+ate.
~ 8 Fr;:,.•~~::s on f:re and w~~:dsro ~n ~rsu•a~ ce as ne~c~r. r,-q, -cd to be :a•n~ c' on !he .m~:rove~ne~ts sit~ate on the above descritxd premaes. ~
~ G-P~e~+~:~~-s on s~ch morrgsae guaranty ~r.svra~ce as mo-rgj~ee She~: 're•~ . me ;o r:me deem fet ro tarry on the ~oan secured herebi.
Mortgagee s^a ~ t~cm t,~e to f~-,e nc~:f; mor~yogc. n r.~•t.cg o~ ~he a~~ o_•~t d..e and ps~able hereundrr and suth sum sha!t thrreupon be due and
~:a61e on rhr cl~e aa~e o~ ihe next n:o~th.y p3~ r~~nt a~d e_ch s:c:ess~.e .~o sh t^e~e~ft.r ur,tii mortgagee shal! net~fy morrgagor of a change in such i
i o~nT. Such sums s~~.a:: ;;e a;:p:~ad by n~ur!gagce to~.a~d tne F~a~~*~ent of rr~: p*eperty taxes, insurance prom.ums, and monyage gua:anty insurance
F . •~~n~~tms.
$ iN YrITNE55 ':~H;RiOF, the sa~~ rAORTGtiG02 has here~r,t~ s2! hn ha: d aRd scai the dey and year first aforesaid.
E Si nec~, Sea~ed and livered in the prese~ce of:
.
3 _ _ (Se~IT
I Salte L (Sr.l) i
,Y
t--- Pe J. Barse t cs~.n ~
- - c5e•D
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= S'A1E OF FIORIDA ~ ~
~ ~JUNTY Of _ SL . ~.liCle ( S5. ~
z
Y Hanr C. Bazrett
Befwe me perwnai~y apFeared -
# PQ99Y J. ~:sait
- - his w7ie, to me wc~l•??ib~~"~h1d,l~sown ro me to b~
~~.e ind~v~dwis descr~bed in and who exec~~ed the foregoing instrvmem, and ecicrwwiedged befwe me that they ~x~cL{~d4F~ Wnw•(o? fhe purpous
~a rtie~e~n expresud. And the sa~d- - - - - -P@99y _ _BiI!@t t - ' - -
~ ..,~r of the sa:d - - - }~flYY C. BarZ@~t__- - - . ~~LSR'~~r~fi Md p~ivue
e.am.nat~on by me ta'ten sepa~~re and apar~ from her sa:d husband, acknow!edged to snd befo~e me that she e~c Je instrurti~ii?t ~retl~ ~nd vo1w?-
rar~~y •nd waho~t any com;;~is~on, co. s!ra,nf, aFprehe o~j~ fea~ of or from her ~a~ husband. ~~~~'1~
~ ? ~LiLi[ _ _ y V @ m~ t , • ~ V ~ r
WITNESS m~ hand and offic~al seal rh~s _ da of. =A. O. 19-71
~ ~ ' tJ
NoUry P~bli< e~ e~d ~OI~ fiN~~rQe
_ My Ccmm~ssion expires: .
Retu•n To:
' F~rst federsl Sa:~~gs 6 Loan. Assoc~aton
o; v , RECOROEI
Fo•t F:-•rie F::.:ii f~~EQ ~E COUNTY flt :
ST. lUC t ~
= ROGEA PO?j11AS ~
~LERK C1RCti1T C4~t
~~CpPD VERtf1E0 ~ '
t~ This Instrument Prepared By JOhI1 W. COll ins PH
First Federal Sav~ngs ~ loan Association ~ 2~ ly
of Fort P~erce , Florida
, 21920'7
Checked By - - -
~
= OR i
BCOK~~~ ~6E pa