HomeMy WebLinkAbout1132 3. To place and co~~tinuously keep oo the bu~ dmgs now or here.~itzr aituate on sa~d !and and on all equipmeM and personaliy cov..._d by !ti+s Td
ege, w:th all prem~vms ~hrreon pa:d in fu!I, iire insurence ~n ~he uwai sta:~derd E,u;~cy form, in a s~m approved by the MORtGAGFE, and w~ndato
~nw~ance in tAe usual standard pot.cy fonn, in a sum approved by ihr MORTGAGEE, in such tompany or compamcy as the MORTGAGEE m
dnecr, and ali iire and w~Mlstorm insurance po!~c~rs on any of sj~d bu~{d,ngs, any interes~ iherein or parl thereof, in the aggrzgare sum rfwesa:d
extesl 1Aereof, shall :ontain the usuaf s~andard mong3gee clause or such oth~r ctawe ss the Mortgagee may requ~re, ma?ing Ihe loss undrr sa~d po
c~es, each and every, payabfe ro said A10RTGAGEE as its mrerest mey ap~ar, and eath and every iuch po:~cy ihalt be promptty ass g~~ed and delivarad ~
any F,eld by sa~d MORTGAGEE as funhe~ secwify to sa~d rnortgage dem, and, ~ot iess than ten (10) days in ad~a~xa of ~h~ e~pirafion of each po~~cy, to d~
I~ver to said MORTGAGEE a renewal thereof, together with a rete~pt for the prr~nium of such ranewol; and there ;hall br no f~re or w;~~di~orm insuranc
plated on any of said buildings, any interest there~n w part thereof, u~'rss ~n th~ tor~n a~~d with ihe loss payaofe as aforesaid; ar.d i~~ the event any sun
of money betomes payable unde.v such policy or pol;cies sa;d A!J2iGAGEE sh.,i~ have the op~~on to recrive end app!y tne same on eccount of the indabt~•d
~ess secured hereby or to permit said MORTGAGORS ~o receive and ~~se it or any p~rt ~hrrruf for o:ner pu~~•csrs, v.[~no~t ihr~u; .v~~~~,~ or ~~„p,:n
+ng any ~qu:ty, lieo a right under or by virtue ot this mc::gage; a~d in tha evrnt sa;d A1aR7GAGORS sha!! for any reason fail to keep ~he aa~d prem~ses so
;ns~rzd, o~ fail to de~ivCr prwnptly any Oi s,~~d ppi~cies of iniurar~ce to sa~d MORTGAG:E, o~ taii p:omptty f0 pay fu~ly any prern~~m therrfur o~ in a~y ~
respect fail to perform, d~scha~ge, executa, effcu, tomplete, canply w:ih a,id a5~de by ~hia covenant, w any pait hareof, sa~d MGRTGAGEE may piace a:d +
pay (or such inwrence o~ any part the,eof w;~hou~ waiving a affecting any opnon, lien, equny, a right under or by virtue of ~h~s hlortgage. and the
f~ll amount of each and e~ery such paymrnt shall be immpdiatety due and payable and shall brar interest from the dote ~htreof untU p.,~d at the rate of
n~ne per centum per annum ond together v~vth such interus~ s~.+~i ba sr.u«d by the lien of this mo~tgaye. !
1. To permit, commit ot tuffer no waste, impaimient w drte~,oraron of said property w any part thereof.
5. To pay sll and singulsr the casts, charges and expenses, including a reaso~able atto.ney's fee and costs of abst~acts of t~tle, incurred or paid s~
any lime by said 6tORTGAG;E, because or in the evem of the fa,iure on the part of the said MORTGAGOR to duly, p~anptly and fu~ly perfonn, d~scharge,
>xecute, effeq, cwnptete, comply w~t1~ and ab:de by each and every rhe stip~ia~~ons, agree.nents, tond;tio~u, and covenants of sa~d p~o:n;ssory ~ote and ~h~•
rortgage any w e~~hrr, and sa:d coars, charges and eaprnses, each ar,d rvery, shail ba immed~ately due and payab:e; whe~her or nof there be nonce da
~~;and, atlempt to coti~t or suit pend~ng; and the ful; a~nount of each and every such payment sh~ll bear inrerest from the date d,r.eof unril paid a? the
'..+e o~ n;;~e per can:~m per an~iu~r, an~ all sa~d costs, CI~3~923 an;i ~x.er~.s:s lrx~rred or paid, tpyethrr wah wth interest, shall be secured by the I~en of this
mortgage.
6. Thal (a) in the event of any breach of this Mortgage or defautt on tF,e part of ~ne A50RTGAGOR, or (b) in the event eny of sa:d sumf of money
herein aefe~~ed to be no> p~omptly and fv.ly pa,d wiihm tn.~ty ~'sJ; da~s nr.~i arf•~r the same severa;ty becon,e d~e and payabte, w~thout demand or no~ice.
~r (c) in ihr event each and every the st~pu.at~ons, agreemenfs, co~,dmo:~s and cove~~ants of sa d promissory note and th~s mortgage a~y w e~ther are no1
juiy, prompt(y and (uily performed, d scha~grd, execured, effecr~d. c«nplered, compl~cd w~rh and ab~ded ~y, then in e~ther w any such event Ihe said ag-
~~cgate sum menuoned in sa~d promissory nore thrn rema;n~ng ~npa.d, with intr.r,t acuued, and a,l moneys secu~ed he:eby, shatf b¢come due and Ray-
~c e fonhwith, or ~hereafrer, at ~ha opnon of se~d MORTGAGiE, as fuNy a~d canplerefy as if all of the sa~d sums of mo„ey were ong~~ully st+pu.ated
~o be pa:d on s~ch day, anything in sa d pro~mssory note or in this Mortgage to the cororarp notw~thstand+ng; and thereupon o~ the~eafier a~ the op~,on o(
sa d MORTGAGEE, v~itho~t nohce o~ demand, suit a1 law w in equ~ty, the~e:ore or Ihereattet begun, may be Qrosecuted as if all moneys secured hereby
n,:d matured pnor to ~~s instit~non.
7. 7hat in the event that at rhe beg;r.n:ng of o~ at any t~me pend~«y any sult upon th~s Mo•tgage, or to fo~eclou it, or to reform it, or t~ enfores
s~ayment of any uaims hereu~der, said A:ORTGAGEE sha;k apply to thz Couri hav~~ig ~u:~sd.ct~o~ thereof ior the appo~ntmeM of a Receiver, such Court shail
'rr=~ ° .sf -":d -=„r.y^.^j r-; 3!! a^a .:^cviar. ..^~t:~..~ ..•t .~.d :~~q,,;a~ Me ir.come, oroF~rs. issues and revar~as from whatever
s:.;rce derired, each and every of wh ch, be~ng express'y ~~den+oed, ~~s hereby mengagrd as ~f speof~cally set fo~th and dexrlbed in the g.aro~ng a~d
ha:~endu~n da:;ses 1:ereo4, ar.~ such Rece~~er shail haYe ait the b~oad a~.d ef4ecr;ve funce o~is and powers in anyw~se entr~sted by a Couri to a Rece~ver, a~~d
s. ,h appointme~» shait bc made by wch Courr as an ad ~itted e•qu:ty and a ma»er of a5soi~rz r.ght to said MORTGAGEE, and without re{erence to the
adequaty or inadequacy of tF.e vaiue oi the property mo~tg;ged or to the sa vt~q or ~nso:yency o1 sa~d MORiGAGOR p the deFendants, and that s~ch
~r~.~s, proflts, intane, issues and rerenues shait be appi~ad py suth Recrwer accordng to the I~en or equity ot sard MORTGAGEE and tbe practrce of such
Court.
8. To du!y, prompt!y and f~lly perform, d~scharge, execute, eifect, coT~;e~e, cornply w~th and abide by each and evrry the stipulations, agreements,
_xd~tions ano covenenta ~n ~e~.i ~ur.~:sa.,rr ..o~a a:ci ;~s s.. 3a.~h.
Ty3yC
9. That in the event the ownersh~p of the mortgaged pre:-~~aes, or any part trrereof, becomes ve~ted in a person other ihsn the MORTGAGOR, the -
~RTGAGEE, its succeuors and assigns, may, w~fF~p~t ro~~ce to ~~,e •\',ORTG%-UR, dea: w~th svcfi suctessor or wctessor in ~nteresl wirh reference to this
' o'tgage and the deol hereby secu~ed in the sdme manner as .n~rh ;.5o~tyago w~tho~t in any way vihating or d~Xharginq the Mortgagor=' tiabilify hert
:^der a upon ~he debf herevy sezu;ed. No sa:e of the F+e~~,•ses h_reby rno~tgaged and no fo:bearance on the pare of the 1110RTGAGEE w ita suctessws
o~ asa~g~s and no exre~s~on of the hme fw ~he paymcnt of the drbr h~•eby secured given by the MORTGAGEE o~ its wcceasors or asa:gne, ana:t operate
ro re~ease, dncha:ge, modi{y cha~ge or affHr the cng~nal t~a6 ,:r~ of ~he 6'QRiGAGOR herein, e~ther in whole or in paif.
I 10. Ir is spec:ika7ly ag.eed that fime is of the esser.~e of fh;s contract and fhat no waiver of any obGgat~on hereunder or of the obligaYwn se-
c:,~ed herebY sk5ii ~Lap,~tirr,e tnereafrer be heid to br a wa~.er of ihe terms her~f or of the instrument sew~ed herby.
11. In a;id.r.o~ ~o the forege ~~y ~~~on~h~y pay~,•_n~s ut ~~.;,~c pa: and ~•,f~.cst requ~red by the prom•ssory no!e sccured hercb~, mortga~or covenants
+ d ag~ees to pay to n,o-rgagee ..~rh each ma~~fh y pa;• ~ent an ac.i.no~,af s~ n~>s} ~:ared by mo~ry3gee to be eq~a~ to l,' 12 of the an:wal ccs* of the foliow-
~ ,
i
A-A1I ~ea~ prope•t~ taaes lev~,~ o• aisess.•:i ag3~ .st v~• a:~~~r d_•sr:t;•.d r:at esra~e
6 P..::..~a t~s on fi.e and v.;ndsto~~n ~n;t,.a~ ce as hare~n ~cc-~.r_d to be ca•r~rd the m;;rovemeit
i ~ s s:tuate on the above d,x~~bed p.em~ses.
C--P~r~~~wr~~s o~ such r.~ortg ,ge gua~anty ~rsu~a~ :e es ma ry.~~ee sf~a-' f~~•- r c~e ro f~:r:~ deem fa vo carry on tne loan sec~r~d hereby.
hlortgagee s^a i j•em +~~nr +o n r,e ner~f~ mc~ty~gc. ~n wrn ng e~ ~he a•- o-,~t d~e ard payable hereundar a~x1 such su•n shai: there~Non be due a~d
. ~.rb1e o~ the ci~e aare oi ~he n~•.~ mc-ri~.; p;;...=_nt e~,~ za~h s,,:cess.~e ~.o^rn tr:e~eaft_r u<n~ mor~gagee shall not;fy mort~agor qf a change in s~ch
~-~~nt. Such wma sha.i ~e apF>.~rd by morrgag•~r ro.~a~d ine pay:rent of rea! creperry taars, msura:ice prem.ums, a~id mortgage yua•anty insuronce
. r•,nwms.
IN Y11TNf55 :':HEREOF. the sa~d h1QRiGAGOR has herewto set his h3~•d and seal the day and year first afo~essid.
S~gned, Sealed a~d i/VlfP(i ~(1 the prese~ce of:
st)
_ .T8ille3 . H83LeI' (Seaq
- - ~ (Seaq
- - . @S T (Seaq
; S ~ ATE OF fLORIDA `
` ~"UNTY OF 5~.. _L11C~8 ~ ~ , ,
Before me persanally appeared _ _ _J$Ti)C3 ~i. j';@3t.@Y' ~
_ I~bel A. Hester ' . ~
- - his wife, fo me we11 lutown,.,ui~~ ~t
the ind~v~duals desvibed in and who eaecuted the foregoing instrument, and acknowledged befwe me that they executed ~}}i~ i~~~~ a
~~~~.....,?i~~« .
rherein expressed. And the said HBbEl1 A. Hester L '
.v~fe of the sa~d JSE~S C. ~.~e~t---- - v~On'~' ~r •,'prevat~ t
e.am~nat~on by me taken separate and apan from her sald hwband, actnow(edged to and befo~e me that she eaecuted s~id~~
~~~'l~iF*~J iG
ra-,;y and w~thout any comp~~sio~, consrraint, apprehe~s~hgp fear of w from her said husband. : Q~ • Q` I +~~I -
. :
; WITNESS my hand and ef~~cial seal this_ - day ef-_--- N01i~Ci0~I' •Z:-
' ~ : .
- ~ ~ ,.,•.`.O
Not y Public in and the Stat~ ~jorj~' ,~s~~,
My Commasion eapites: ~ O ~"N1~: ~S
Re~um To: K • J `4
first fedenl Savings S toan Assoc+~t,on O,Ep
fl~ f;,,t P~-« ?N~ aE6~ f~~
fort P.rrce. Fl~r;~a f1lE~ C~U~
gj.~U~~E~ pattilAS ~ (
pOGE ~4~~
~pa0
~ERif?EO
~E pM'11
This Instrument Prepared By Richard R. 1~C8yes 12 y~'+
First Federal Savings ~ loan Associat;on
of Fort Pierce ~ F102~id8 n~~
~ `Z'~~~~~
Checked By
~~~K ~g7 PACE1i3l 1s
_ - - _ ~