HomeMy WebLinkAbout1138 ii
3. To place and ca~rinuously kcep on the 6u~'d~ngs now or he~eei~er ~~wete on sa;d land and on alf equipment and personaily covered by th~s mor
aqe, w~th all premi~ms thereon pa.d in fult, I~re u~swence in the usuat s~andard ~~cy form, in a su:n aHpro~ed b~ the MVR~uAGEE, a::d windsto
insvrance in tha us~al sTandard poLCy for~n, in a sum appro.rd by tha MORTGAGEE, in such conepany or compan~es as the 1~10RiGAGEE ~
~~recr, and all fire and w+ndstorm i~isura~ce Fa:~c~as on any of s~~d tu~~d.ngs, any interest therein ~7f part thereof, in the a99rega~e sum afaesaid
in eacesi thr.eof, s~all cu~tam the usua~ sta~~dard morigegee rause or such other c'•ause as the Mortyagee may requ~re. m~king the ioss under s.~~d po
c~es, each and every, payab'e ro sa~d AIJRTGAGEE as ~ts imrres~ may appear, and each and eve~Y s~ch po~:cy shafl be promptly assgned and de~~.r~ed +
he'd by sa~d MORfGAGEE as funher sewrity to said n~ortgage d_bt, and, not less fhan ren l10) deys in ad~ance o1 the eap~rotion of each pol~cy, to d~
I~ver 10 ta~d MORiGAGEE a renewal Ihereof, together with a rece•pt fo~ the premium of wch renewut; and there ihail be no i~re or w~~~~fTp~~T inso~ant
placed on any of sa~d bui!dings, any interest there;n w pa~~ ~hereof, vn'~si ~n the form a~id w~th the ~oss payable as aforesaid; and in the eve~H any sun
of mpney becomea payable ~nder such Folicy or po~~uas sa~d AtORiG~GEE ahall have thr opt:on to rece~ve and apply the same on account of the intiru~rd
ne~a aetured hereby or to permit said ARORTGAGORS to rece~ve and use it or a+~y part ihe:cof ior o:nrr purt~oses, v.;~no~t th~r~~, war.~~3 or ~~~'p~~~
ing any equ~ty, lien w r~9h~ under o+ uy virwe oi this mc:cgage; and in ~he evrn~ sad A10~2TGAGORS shall !or any reason fail to keep ~he sa~d prem~srs so
~nsvred, or }ail to drliver promptly any of said pol•cirs of insurance ro sad A50RTGAGEE, or faU p:on:ptly to pay fu~ly any p~e~n~~:n therrfor pr in a~y ~
iespect fail to pe~(wm,- d~scharge, eaecute, ef(eU, tomplrte, co np~y wiih and ab~de by th~s toven~nt, or eny part hereof, sa~d MORTGAGEE may piace a~a
pay fo~ such insurance or any part thereof w~thout waiving w afiecring any op~~on, lien, equity, or r~9ht u~:de~ a by virtoe oF ~his hlo~tgage, and the
fcll amount ot each and e~ery such paymrm shall be ~mmediately due and parable and shall bear intereu trom tha date thereof unti{ ps~d a~ the ra?e o1
~~~~e per centum per annum and to~r~h~~~ v~~th s~ch inrarcat 1hJ~~ br sr;~:~°~ by the iien of this mOrtgage.
1. To permir, cammit e~ suf(er no waste, irr.painnent or d~rer,oranon of sa~d pro~erty or any pait thereof.
5. To pay alt and singular the costs. charges and expe~~ses. ~nc~~ding a reasonable attomey's fee and costs of abstracts of titte, incurred or paid et
any time by sa~d MORTGAG:E, because w in the e~•ent of the fa.l~re on tiit uar~ of the said MO~TGAGOR to duly, pro+~~pUy and fu:ly pe~iorm, d~sche~ge.
execute. effea. comptete, comply w~th and abde by each and every the st~p„~ai,ons, agrer:~~ents, condihans, and covenants of sa~d pro~r,~ssory note and ~h~s
-,orrgage any w e~ther, and sa.d costs, charges and eapenxs, each and e~e:y, shall be immrd~ate~y due and payalUe; whether or not rhe+e be nonce dr
n,and, attempt to couect or wit pend:ng; a~d the ful! amo~nt of ench ar,d eve~y such parmem sha~l bear ;nrzrest from the date thereof untii paid a~ the
o~ n~ne per irnr~m ~,~r an~~,,:n; and au sa~d cosfs, cnarges a•~ci ~.:arsrs ~~x~rred or pa~d, together ~v~th wch iroerest, shall be secured by Ihe Gan of th~s
mottyagl.
6. That (a) in the event of any breach ot thi~ Mortgage or defa~~t o~ ~ha part of ihe MORTGAGOR, a;b) in the event eny of sa:d sums of money
h>re~n refened to be not prompt:y an~ iully pa~d w~rh~n th.rty i3J'. da,s ne,~ ar~~:+ ine sa~+~e se.e•a:ty becume due and payable, wi~hout de~na~~cl o~ nonce.
e• ic) in the evem each and e~ery rhe stipuiat~ons, agreen:ents. cor:d,~,o ~s and covenann o+ sa.d promissory note and th~s mortgage a~y er e~~her are not
i~:y, prompNy aod fully pe~formed, d.schargrd, eaecuted, eifeaed. compieted, compl~ed w~rh and jbrded 5y, then in eaher or any such event the se~d ag-
~~egate sum mem~oned in sa~d pronnssory ~ete the~ remain~ng ~npa~d. wuh ~~~rrrr,t accw~d, and a~i mo~e~s sewrcd hereby, shall become due and pay-
ac e forthwith, w fhereafter, at the opKOn of sa~d MOitTGAGEE. as tuily a~~d compiete'y as if al; of !hr sa~d sums of money were onguutly st~pu:a~ed
c be pa:d on sv:h dcy, anyth;ng m sa.d prom:asory note or in tl~~s A~ortgage ~o the comrary notaiihstan~i~ig; and ~hereupon or theraafre~ at the op~~on of
s+d MORTGAGEf, vvnh.ut not~ce or c4emand, su~t at !aw or in equrty, thr~efore or thereafter beg~.n, may be prosetuted ai if a!1 moneys secured hereby
r. ~d mar~red pr~or ro rtsinst~tunon.
7. That in the evenr rhat at ~he beg~nncng ct or at a~y t~me pend~~,q any s~~t upon this Mo-tgage, o~ to faeclose it, w to retorm i~, or to enforce
c.~vment of any cia~ms hzre~r.der, sa~d l.!JRTVAGEE s~+a'1 aNN'~ to th< Co~rr ha.~^g ~~~~sd.ct.on rh~r..~o' for the appo~nnnent of a Rece~ve~, svch Court sha11
_~'hwiih eppo~nt a rete~ver of Said mott~agrd prope~ty ail and a~~gu ar, mc,;+d ~~g a:~ a~~d s~nqu:ar the inco~~e, prot.t;, i»ues and ~ever:ues 4rOm whatever
s: ,rct derived, each dnd ~very of mhch, ~t tw.n9 esprrss:y .,nd~~s'aod. ~s ~e:_t~y mo~!~ag;d af if Spec:htai~y Set iO~~h a~d dexr~brd ~n the g~anting ar.d
,uendvm c:avses ~reoi, and su:h Rece~.rr sh~'~ have a:! tfie 6-:ad a d efertt~re tunc•.u~~s and po~e:s in a~y.~r~se entrwted by a Court to a Rece~.er, and
s_:h 3ppo~ntment shalt be m,jde by such Co.,~t as an ad •~irrrd eG..t, e~~d a r. a+rer of abso~ute r.gh~ to sa~d MORiGAGEE, a~d w~+bout relerer.ce to tht
a.i~q~acy or inadequacy of the va:~r of fhe prope.iy mo~tqaged or ~o ~n~ so..encp or ,~,so.ency of sa:d ASQRTGAGOR w rhe defrr.dams, and rhat svch
~~•,ts, prof~ts, inco.r.e, ~ss:,es and re~er.~es shail be app:~ed ty such Rec,:.e. accoru,ny to the l~en or equ~ty o1 sa:d MORTGAGfE and ~he procf~ce oi wch ~
~ourt. !
~
8. ~o duty, prompHy and fui?y Ferfo~m, d~s:harge, e.cec~te, ef~e:c, enn,ply r,,:rh and ab~de by each end every the stipu~ations, agreeme~is,
c.-.ditions and covenanrs ~n sa~d prom~ssory nore and rns ~~~:;~f~3~e srt tio•r1,
9. That in the event the owne~sh~p of the morrgaged pre^~~ses. w. any pa:t thereof. becomes vested in a pe~wn other than the MORTGAGOR, the
: ~RTGAGfE, iri successors a~d ~ss~gns, may, witho~t no:~ce to +ne :~",OR?G+~OR. dea• w~rh surh successw ar s~ccessor ~nterest w:rh ~efererue to th~s
rtgage and t!+e drut hereby secured m the same roanner as v.r•1, ':;;;r~sgo~ w~+hout in any way vit~anng w d+uha:ging tfie Martgagori liabitity Aere-
_ der or uFon the debt hereby secwed. No sa'e of the F~ert :~es h:reov ~~~crtg~ged erd no fcrbea~ance o~ the part oi the ti10RiGAGEE or its successors
ass~gns and no eatens:on of the nme for ~he paymem ot the drbt h•r~: y secured g~ven by the ~dORIGAGEE or its s~ccesswt w ass~gns, ahalf ope:ate
~o re ease, d~scharge, mod~fy chango o~ affect the o-~~~nai ;;ac.;.fy ot tne M.ORTGAGOR herem, ~~ther m whoie w. in part.
i 10. It is speuf~cal;y ag~erd rhar t~me is of the PSltr~p of th;s co~arac~ and ~ha~ no waive~ of any ob!~gat~on hereunder or of the obliflation se-
! ;,.red hereby shali at any t~me fhereaher be heEd to be a wa~Yr~ of rhe ter^,s hereof or o! thr instrument secured herby.
!
i L In a:id! o~ fo rne fo~egc :-.ont~~`y i,a~^•_~nts oT p~-c and ~;r•:s+ ~equ rrd 'o~ the prom swry no'e sec~red h~•rebr, mo~ye3ar covertants
f agr.rs 10 ~3y ro r*:c•~~agee w~rh eech ~r.oneh'y parr •c"it an aua,"o»a+ w~~ ~s• ~ ared by mortgagee to be eq~ai to 1, 12 of the a~~;wei cost of the foliovv-
! °
i
t
~ A-A'. rCa' ~:rOpe~r *ni~s ie:^-~ o' 3S5^S~^c ey,c_s• e^~r~ d--•,••.•..-d r,ei esse!e
~ 6 G~.>r. u•r s en i.e a^d n,nus'o~~*~ ~^s~ra :e ~s hc~e:n r.•a_ •_d b.~ ,a~~,• d c~- ~ne .:-oveme~rs s t~ate on th: abovc dasc•~t~d prem~ses
~ C-P~e~~:~~,•a o~ w:h r-o~r.l:;ge 3odranty ~rsvra•:e a: ~n~•~;;.,~ee sn~:: `rc-~ r::,~ ro t~..e deem f~t to cany on the loan ~ec:;red i.er:br-
~ Mortgaqee s~a !`~cn, r„-:~ e~ -,e ~:c•~i, n,criy;ac~ ,r, . rq o' ~ne o~ _•,t d~~- and payable herrund~~r and a~ch s.,-+, stia'1 th~•~eupon be due end
..eb;e on thr dur ca~e ot rhe ne,t ~,:o-~rn.; par,*-.= ,t a~~d r~:^• s_~ccrss,.e • eV~h rne-reffes re~ mertgagee shal! not,fy morrgagor u! a~h~ :3t en such
~ •.~,nt. S~;ch s~~~s s~aJ tx ari ~ed o~ mo+tgay~~e ~ov~a•d !ne Fa,n r~t o~ rei~ p~cpe~ry taxes, ~nsvrance prem.~:rs. a~~d mo•t~age yua.anty ~nwrance
~ • mwms.
; IN \'JITNfSS :REOf, sa~d M i7TGAGOR has hereu••~o ser h~s h,~~.;i and seai the day and y first afo~esaid.
~ Sign!d, Se ed . ed in nce of:
z -
~ (Seaf)
~ - - - rge A. aaQn _cs~.~~
€ -cseaq
;y _ _
~ -(Sesl)
- - - ,
~ -
S~aTE OF Fl0ltIDA 1
~
s`- ;JU.'iTY Of - SE. L11C~9- - 1 SS.
~ - ~
; George A. Hamm, a single adult
~ ~fo~e me persona.ly sppeared - _
- ~Y to me weR known and knotivn to me to b~
2 e~nd~vid~ai~ desuibed in •nd who exKu7rd the forego~ng ~nstrvment, and atknowledged belore me that ~ exKVted the samt fw tFN putpOSes
- rherein exp~lssed. - - - - -
Jf~lC~
_ - - -
- ~1..`L~
W1INESS my hand end oI(fdal uaI ~h~s- - day es------ ~O~e `rt `~A._•• `
_ : i
" _ .
Notsr Pub~~c in and fo 1a~ • ~
My Comm~sswn expires: ' - _
Retum To: ~ / • ' '
~ first Federal Saving~ 3 loan A~yo:;af.on 3~
- i~ i•~
_ P.. ~,MO +~ECaROfO ~i~ry"~r 8~E Qt .
i~ fun P~~•rce. F'.:.r..;e
F IIEG ~~~~Wiu~ut~~~`~~~
ti St.IUCtE COUNtY fLA•
CtEaR C RCU1 COU~T L
RECOPD YER~f ~ED
This lnstrument Prepared By J. D. Ch8st81A ~A ~,r ~~1 `
_ First Federaf Savings d~ Laan Assouation ~ 23 (
_ Fort P~erce ~ Flo2'ida ~~32,~,
Checked BY
°~R~~97 Pa~~1~~?
- I.±s
i
" ~ - . . . . . . . . . . . ~ . ~