HomeMy WebLinkAbout1136 3. To plece and continuousiy letp on fhe tu~ dmgs now or hereafter situate on said Iand and on el: eq~ipmem ar.d peisonally covered by this mo?
age, w:ih all pren~:u~ns ihrreon pa.d ~n futl, t~re uu:.roncr +n ~he usual sra~edard poi+cy form, in a sum approved by rha MOR~CaAGEE, a~~d wmdato :
fnwrance in ~he usval sTanda~d pol.cy iorm, in s sum approved by ?he MORTGAGEE, in swh co~*~pany or compan+es as the htORiGAGEE m `
durU; and all fire and w[ndswrm ~niu~ance po!iurs on any o( sa~d bu~~d~ngs, anY interest therein or parl thereof, in the aggreya~e sum sfaesa~d ~
in excess thereof, shall ~oroain the ~sval ita^dard mortgagee ciawe or such o~he~ dause aa th~ Mortgagee may requ~~e, maling Ihe loss u~Ja~ tmd po ~
des, eac6 ar.d eve~y, payaa~e ~o sa~d h~ORTGAGEE as ~ts imerest may appear, and each and eve+y s_•ch ~.~e~~cy shall tx promp~ly ass gned ar.d det~.ered ~
any held by sa~d AtORiGAGEE as lunher s.c~rity ~o said mortgage debr, and, no~ less than ten (10) dats in advance of the expiration of each pohty, 1o d~
fiver ro sa~d ~10RTGAGEE a renewel ~hrreof, ~oge~her wf+h a rrce,p~ for the prem;~m of such ~enewal; and ihere shall be no fi~e or winds~mm in~uranc
placed on any of sa~d b~~~d~~gs, any inicrest there~n w part thereof, un!rss in the form af~d with the loss payab?e a~ aEo~esaid; and in the eveM any sun
of money t,eco~nes paya6ie vnder such policy o+ pol:cies sa~d h1pRTGAGEE shall have the op~~on ro recai.e and app!y the san~e on account of the indebted ,
ness secwed hereoy or ro permn se~d MORTGAGORS ro receive and use it w any part thr:eof tor otn:•~ pur~,aics. v,~~ho~t thr.u~ .vs~.~+3 cr ~~t+pa~r
ing any equ~ty, l.rn w r;ghr undar or by virrue of this moragage; and in the event sa~~! MORTGAGORS shall fa any ~easo~ fail ro keep the sa~d p~emisri so
insvrrd, o~ fad to dr:~vti prompNy any of s3~d pol~c~es of inswance to sa~d A10RTGAGEE, o~ faii p:omptty to pay 4~~Sy any prr~n~~~n Iherefot ot in any
respect fail ta perfo~m, d~schsr~e, execure, effrcL co~.~plete, co:nply with and ab~da by th~s cove~,anr, or any part hereof, sa~d M"vRTGAGEE may p~ete a~.d
pay for such insurance or any part th~rcof wrthout waivic~ or affecting aoy opt~on, lien, equ~ty, o~ hght under or by virtue of this Matgage, a~d the
full an,o~nt ol each and e.ery such pairnrm sha11 be ~mmediately due and payable and shail brar interest from tha date ~he~cof unril pa~d a~ the rate of
n;ne {xr cen~um per ann~:n and to~_thrr ~n~~h such inrerc•st sho~~ x sacurtrl by the lien of this mortgage.
1. To permit, comm~t or suEfer no wastc, in;paument or deterio~at~on of said property or a~y part thercof.
S. To pay all and i;-y_~~ar rhe costs, charyes and expenses. ~ndud~ng a reasonable attomey's fee and cosrs oF abstracts of tiNe, inwrr~d or paid at
any r~~r.e by sa~d MORiGAG'.E, beca~se or in the evrnt of the fa~lure on the part of the said MORTGAGOR to duly, pramptly and fuliy per(wm, d~scharye.
a~eec~te, efiec?, cemp:efr, c~~nply w~th and ah.dr by each and every the st~pula~.ons, agrer~»ents, cond~hona, and covenants o~ sa~d pro:nissory note and ~his
mortgage any or e~~he~, and sa.d co:~s, cha~~es ar~d expenses, each and every, shall be immrd~a~ely due and payab:e; whether or not there be not~~e de~
mend, attempt to co:lea or suit pand:ng; and ihe full amoe+nt of each and eve.y such pa~mem shall bea~ imerest from the date thereol until pa~d at the
f:tte Ji n~ne cxr crnru•,: ~ar annu-~; a~.d at~ sa~d casrs. ~narges a~~d c~per.ses +ncvrred a pa~d, togr~her v~rth such interest, shall be secured by ~he I~en of th~~
mortgage.
6. Tha1 ja) ~n the event of any ~reach of thn htortgage o~ defau~t on 1M part of the YORiGAGOR, or ;b) in the eveM any of se~d sums of mo~ey
here~n referred ~o be not prcm~:r;y and fu',~y po~d ~n~~h~n ~h.rty (30) days nex! afrer ~he sa,~:e seve.a::y beco•ne d.,e and payabfe, witho~t demand o~ ~otice,
or (c) in thr evt~t rach and every ~he s!~pulat~ons, agreemenn, cor.dmons and tovenants of sa d pran~swry note a~~d th~s mo~tgage any or either are not
~uly, promptfy and iu.iy pe~formzd, d scharged, eYec~ted, etfectrd. tompleted. compGe~ w~rh and ab+ded 5y, then in e~~her a any s~ch event the sa~d ag
qrega!e sum menr,on<d in sa~d pro~n.ssory~ note tnan rema~n;ng unpaid, w~th ~ntere;t acuued, and a:i moneys secured hereby, sha11 become d~e and pay
ab~e fo~thw~eh, o. ti,rreajrcr, at ~he op~~on o4 sa~d MORTGAGEE, as fuliy and comp!etrly as ii alI of tl~r said sums of maney were or~g~na~ly st~pulated
to be pa.d on s„ch d.:y, any~h;ng ~n ia d pro:+;,ssory nore o~ in th~s klorr9age to the conrrary no~+~~ihsta~~d~ng; and thereupon or thereafter a~ the opuon of
sa:d MORTGAGEE, v.rtt:out nei~ce or drmar.d, su~t at lew or in equ~!y, therefore or thereairer begun, may be prosec~ted as if atl moneys setured F?ereoy '
S
h~d mat„red pr~or to ~ts ~nstrtvhon. `
7. That in ihe erem rhai at fhe beginn~ng of or at any t~me pend~~.y any su~t upon this A1o~tgage, a to foreclose it, o? to re~orm it, o? to enforce j
payment ot any c~a~-ns he•e~:+drr, sald ,1~JRTGAGcE sha~t apply to the Cour~ havn.g ju!~SCI.C.~Jri the~eof }or the appo~ntment of a Receiver, such Co~rt fheii
iorth.virh aF~~nt a rece~Ye~ oE sa~d mortgaged property ali and sin~ufar, inciud.ng alt a~~d s~~~gu•ar tne mcome, p+of~ts, ~ssues and revenues from whateva
wurce der~~ei, each end e~ery of .,,1~.ch, It be.~,~ e+epress~y undersiood. ~s hereby morrgayed as if spec f~ca~iy set for~h a~d desuibed m the grennng and
hat,e~d:,rn t:a~ses hereu4, ar,d s~.ch Rece«er shat~ hare a!! the br~ad and effec!iYe funcr,or.s arid powers ~n anyw~se enuus~ad by a Court to a Receiver, ared
s..ch 3ppoinrme„t sha;l be made by svch Cowt as an ad ~~irt.~d equiry and a matter o4 absot„~e r:ghr te sa~d A10RTGAGEE, and w~ihout re~erence to the
edrq.,acy w inadeq~ac,r o~ tr.e va!~e of the preperry mo-~gaged or to the so.vr~cy or ~nso:.e~ci of sa~d MOR+GAGOR or the deiendants, and thrt wch
re~n, prot~ts, ~ncane. ~swes and re.enves :hali be appt~ed oy wch Rece~rer accoru~ng to the ~ien or equ~ty ot sa~d MORTGAGEE and the practice of such
Court.
9. To d.,:y, prpm~+'y and fvl~y perfo~m, dis:harge, execure, effect, compfete, comp.~ w~th and abide by each and e~ery the stipuiations, agreements,
~ d,t~cns and covenanrs .r. sa~d prom.ss~~r nose and fn,a morrg~~e s~t forth.
9. TFat ~n fhe e~e~t ~ne oocne~sh:p Qi tFe m,ortgaged prest~ses, o+ any part thereof, 6ecomes vested in a perspn o~her than the MORTGAGOR, the
::~TG~G:E. ~n svcccss.;:s and asvgns may, w~~hou+ ~~ence to rhe A10RTvaQR. deai w~th wch svcceasw w successar in ,nterest w~~h reterence to this
'~a~e a~'d the d_ut F.ereby se<ured in the aame n:a~:r2r as v.ith h1~r~gago+ vv+thout in any way vit~atiny or d~scharging the Mo~fgagors' liab~lity her~-
u~•• or uFwn fhe debt hrrab~ secured. No sa:e oi the Fre^~~ses hereby mortgaged acd ~o forbearance on ehe par: oi fhe ldORiGAGEE or its succeuors ~
- ass~gns and no exrers~o~ of ~he t~me for the payment of the drbt hereby aec~~ed g~ven by the MORTGAGEE o~ its sutcessor~ or ass:gns, snaU operata
; re!ease, d:scnar~e, mod~fy cha~ge or affect the ong:nal lia'v:t.ty of the MORiGAGOR herzin, e~the~ in whoie or in part.
10. It is spcc~ficai~r ag~eed rha+ time is of the ease~ce of thi~ cororac~ and that no waiver of any obi;gat~on hereu~der or of the ob:igation se-
•rd hereby aha': at any t~~,e thrreatrer be rcld to bE a wa~.er of the terms hereof or of the instrumem secur¢d herby.
!n .;d_+.!._. ro the +cre~e .q •.,~!~~y ;:ay~ _~~•rs o', ;,~~~.c r3~ d~fl ~~~te~est +equ:red by the prom ssery no~e sec:.red herab;, mongj~or eovenants
~ ~ agrces to pa~ to`n;;'tg3gce w~th rach ~,;~n~h y ~,a~~..e~,t an adci ~~onat wm es+.~~.arrd by rt~or~gagee ?o be eGua~ to 1!2 04 tne an:wal cost of the follow-
~
; A--A:i .ea: ~~cF,"r1 r:~,.as tc.,-~ o. assess.~ sga,~ss tr.~ ab~.e deur~brd reat esraTe.
B F:,., „•s o:, fn~• a,:ci ..~,:Js~v~•n ~r.s_•~ ce as i,e c:n ~eq;•ed ao be car~~~•d en the .^f:roveme~t3 srvate on the above descr~bed p~em~ses.
C P~r.n:~,• s o~ ,~:h mor+y .ye g.,3re •~ti ~~su~a~ ce as mo•:gagee shall 1rc~• ~ me ~o cmc• c;~~em f~r fo carry on the ban secured hereDy_
Mo*!gagre r,` ^ T~ • e ro ••~.e rc•~`: me+tyag: r~n v~,~.r,ng of the a~o:,~t d.,e and pa~able he~eundrr and such s~-n sha!I Ihereupon be due snd
-~;'e oi ~ti~• :...r c.~e o+ ^ o~th ; c~: •~e .t a•:d e~:h s:;ccess~ve o^th t~,r~eatr_• ~,.h; mcrigagee sha!I not.ty enor+gagur of a change in such
~ ,rt $~Ch 5~..-•~S s~~e •..e a_;~ :ad rn0!' ;~er TO.tie•d tne a enT Ot ren' rp~ rt t3x¢S, ~n3v~d~KC ~e:r.umi, d:i~ morh d¢ vardnt ~nfuf~r.CO t
F,~*' P.R ? F ~ 9 9 Y ~
. - ~ u.r. s
I~: ':1iT'~E~S .~HER~ rne d MCRiG%+'.`,R has hereunto se! his ha~:d and see~ rhe dey snd ear first aforesa~d. r- ~
` ned, Seaied an d'~ve~ In the p~ese. e of: ~
/1 ) - ~~~~1r ~,L ~LG~~ Zl'~ ~ - •I)
G _ !1L
_ O at Oile (~al}
~ - - _ t5eaq
~ -
~ _ ,d=_R~ i5eaq
- - - - - - - -
~ Be y • aine o
~'E f flOR10A 1
} S5.
.,vTY OF ------S L._ LL1C 1@ _ ~
s,
Befwe me persona;ly appeared __-__SS2I4_~ W rd Jones .~d
~ __$Q~~ 1 a i n? _~Qj]~- his wife, to me weil known and t N"tM~t~ be
: incl:.~dua~s deacncrd in sr.d who executed the forego.ng i~strument, and ac4now:edged befwe me that they executed s~~ '
_ •~...e~n exp•essad. And tnt sa;d- - - - B@tty E' Idlne .lOTlt? 5 _ _ ' ~ ~
. ~ ~S~
` 'e cf the sa:d _ _ TQIn Fe~K~Si ~Q~~~----- - - dQo~~.S~Dlti`_~Q~~1~~.
; .-~n.na~ on by me taae~ seua~ate and apa•t frem her ~aid husband, acknorviedged to end befere me fhat she executea,a~i~rM/n1QNnr ~Nr 00
~ ~
; y end w.rhour any co r;;;,ls~on, cc:utra~nt, apprehe~~s.op, fear oF w{rom her said husband. • ~ Q~ ~ V; - ;
s. a
;z 1YITN~SS my ha~d and of4,c:al aeal tAn _ day of__y ouve~ber _ ^ q% '.~~b•~_TK' y~
S ; ~ -
' t
= _ _ Il C~4.1 • . G
= Notary P~b~K ~n a fw State di~Fi~r' ~t~
_ My Comm~uion •xpires: ~i i' ~ ~~S?
Ret:.rr, o~ ~
Frst Federal C~v~~.gs 3 lozn Assc.~ot on ~p r ~'~~~tttN~'•~~++•• •
: Ep ~,wo aE~Sr f~~
_~K F_. St apCE~.~a T CO~rt ~c
CLER VER~f EO ~ ~ 1 ~
_ ~en ~ 3 -
R~~~•
' Th~s Instr~ment Prepared By J. D. Chastd ~ ~1~
First Federal Sav~ngs 8. Loan Association ~
of Fcrt P~erce ~ F1oZida 219326
- Checked BY {
_ f
- OR ~
- BonK197 P~~135 a~ ~
- r~