HomeMy WebLinkAbout1753 3. To ptace and conrinuous~y keep on ~he bu~'d~~,gs n;::~ or ha+~•~frer ~~tuate on ss~d ~and and on al; eq:,~p~r.ent a~+d persa~at~y cc.e~ed b~ ih~s mo~
ege, wnh al~ prem~~nu tnereon pa d~n lu:l, f~re ins,:rance .n ~ne ~s:,~. se~~ ~~rd po ~c~ ferm, n a s~m aHNra„ed by ehr h10k. "v..'v:c. and ~.isw
:nsvrance in fhe us~al sfanda~d po:.cy form, in a wm aFpru.rd 1,y the h1JRTGAGEE, in such comp~ny or cumpan~es as ~he u~R('vAGfE m
d rec~; and alt (he and w~ndstorm ~nsurance po:~c~rs on any of i~,d twi,d:ngs, any interest rhe+ein or parf ~hareof, in the ag~~~ga+e s~m ato~esa~d
in excess ~he.eof, shatl ;omain ~he us~~l star.dard morr~agre c.a~n^ or such oiher c!3use as th@ lAatgagee may req~,ra ~~aM~ng thr +ess unJrr s~~d po
res, each and every, payab'e to sa~d A1pRTGAGEE as :ts ~.^.ter~st m3y appear, and each and e~c+y iuch po:,cy shall foe prompt~y ass y~~cd e~'d d-c~..a~ed
any hrld by safd h10RiGAGcE as (unher secunty to sa;d n,o:~~~3e d~o~, a~~d, no~ less ~han trn (101 deys in ad.a~ue of the e~p~~ot;on o~ esch pa~cy, to d~
I:ver to said MORTGAGEE a renewal the~eof, toge~hrr v~i;h a r~•ce.pt tor thr prc:n~vm of such rene,na:; end there shail be no f,re o~ w::~us:v•m ~r.svra~~c _
p!aced o~ any of sa;d b~iid.ngs, any int:rest there.n or parr thereoi, u~'cs; fn fhe ior~n a~~d ~n~~h the ioss payab!e as a4oresa~d; and ~n nc~ e~ent a~~y su~
of mo~ey beco:nes payab~e under s~ch policy or ~oi,.ies said A'.JRTG:.'v~E sh~!{ have ~he cpr.on ro ~rce;.~ a~~d app'y tha sa:ne o~ ac.ou of thr mdrbr~•d
~ess aecured hereby or to perm~t sa~d ~hORTGAGORS ro rec~•~.e a~:d use it or any part ~h~•:.•of ~cr orn•~r ~:ur;~.srs, ~:.~~,.~t +h,~,.:: ~~~~p..~'
~~g eny equ~ty, iien a right ~nder or by virtve of this mort~age; and ~n ~he evenf sa d MORTGAGORS aha!1 'or any reason fail to Mc-ep ~he sa~d prem~s_s so
,nsured, or fail to deli~er promptly any of sa~d po~,c:rs of ~nsuran~e to sa d h10RiGAGEE, or f~~! p:cmptiy to pay f~,ly any p•r~~~.~~n ~her~fer or +n any
respect fall to pertorm, d~scharge, execute, effea, car,µ!etr, co::ply w~~h and a5~de by th~i co~enant, or any p3rt harrof, se~d MGRTG-~GGE ~~~ay p~ace a~o
pay for suth insuran[e Gr dny part thereof w~thout Nd~Y1D9 ot affecting any ophon, lien, tqu,~y, or n~ht u~;der or by v:rtue of th~s hlo~tgage, and tht
f;,11 amo~nt of each and every such paymrnt shail be i~n~n<diatety due and paYau;e and sha:l bea~ in;erest from tho date thereof un~ii p.,~d at ~he ra~e oi
~r.e per cent~m per annu:n ~nd to~rthrr ~n~th such i~ita~.~sr sh,;~~ ~e s~~c~•,~d by the ~~en of th~s mortgage.
l. To permit, tommit or suffer no waste, impairment a detcr!orat~on of sa~d properly w any part thereof.
5. To pay all and sing~iar the costs, chargea a~d experses. ~n:iud:~~g a reasonable anwney's fee and costs of abst~acts of 1~t'e, incurr~d o. pald at
any t~~r.e by sa~d S10RiGAGEE, because or in the event of the fa:~ure on tne parr of the said MORTGAGOR to duty, prompHy and fu:ly perform, d~scharqe
>xec~te, rffect, complete, comply w~th and ab de by ea:h and every the st~p;,iat~ons, a^yreemrnts, cond~t~o~s, and cove:~anrs of sa~d pro~~:~ssory ncre a„d ~h~s
-,orrgage any or euher, and sa:d tosrs, charges and expenses, each anJ every, shail be imn,rd~ate2y due and payab:e; whe~her or not thrre ~ n~f~ce d~
c.dnd, atte~npt to co,~ect or suit pend~ng; and the iull amoum af each and e~e~y s~ch pay,nen' shal~ bea. ~nterest from the da~e thzreef u~ti1 pa~d at t~~e
re os n~ne per cen!um ~er o:;~w:n; ond a11 sa~d ces~s, ct,a grs a^d ~xo~~nscs ~nc~rred or pa~d, togr~her wnh auch ~nterest, shall be sec~red by the i~en of tha
,nortgage.
6. That (a) in the event of any breach of this A1or:~3ge or default on ths part of ~he A',ORTGAG~R, or ~b) ~n the event ar.y of sa:d sums of money
h.~re~n referr~d to be not promptly and f„Iiy pa~d w;fh~~ th.rty ~.3J daya ne,~t a•r~~r tf~e same sc.era ry beco~~ie due and payabfe, wrt't~out dr:.,ar.d or not~ce,
:r ;c) in the event each and every the st~~u!anons, agreemenrs cend~~~o~~s and covenants o+ sa d~rom~sso~y note and ~h:s mortgage any o~ enher are not
iv'y, pro~*+ptly and iully performeti, dschargrd, exec~ted, e1tecred, co~np;eced, co~»pi,ed w~ih and a~~dzd ~y, then ~n ather or any su:h event the sa~d ag-
y~-eyd1C sum mennoned ~n said pron:~ssory nefe then re~T~a~n~::g w~~;a~d, wi~h in±errsi accrued. and a.t moneys sec~red hereby, shall become d~e and pay-
~o.e forthw~rh, or thereafrer, at the cpr~on ot se~d 1~1p,21GaGEE, as fu~ty a~~ comp:e,e:y as if alf of thr se~d svms oi money were or~g~natly sc.pu:a~rd
e be pa:d on such dsy, anything in sa.d pro:n~ssery nae or in fh~s Morrga~~ fo fhe conrrary not.,,~ehs~and,ng; and ~here~pon o~ thereafter a~ the op~~on o(
s~ ~ MORTGAGEE, w~thout not~ce or demand, s~~t at law or in equ~ty, thrretore or thrreafier beg~n, may be prosecuted as if all moneys sec~red he~eby ~
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r.,d matured pnor to ~ts instit~rion. ~
7. That in the evenr that at the beg~nn~ng of or at any t~me pend;•~9 any su;r ~po~ this Mortga3e, w to forecfese it, or to reform i~, or to enforce
;:ayment of any ciaims he+eunder, said I.IJRTGAGFE sha:i apply to tne Co~•t hav~~eg ~~~;sr+..ce.on therrof for ~he appo:ntmem of a Rece~ver, su:h Cc~rt shail
,~~nwirh appoint a rece~rer of sa~d morrgaged propr.rty a!1 and s~~~g~,ar, in„~d ng a~t and s~~~g~~ar the income, prof~ts, issues ar.d revenues from whatever
s; ~rce derived, each and every of wh~ch, ~r be~ng express:y undc~~s•ced, ~s ~e:eby me~+ga3ed as ~f spec.f~ca~~y set forth and destribrd in the granr~ng and
h3bendum c~auses hereof, and such Recei~er shai~ have aii the br~ad a.,d r'"recr:~e fu•~r. c~~s ~nd pov.ers in anyw~ae entr~sted by a Cou.t ta a Recei.er, a:~d
s_;n appointment shal~ be ~dd2 by svch Ccurr as an ad~vtr~d eG~~ty a»d a rarre. of at:so~ute rlght ro sa~d MORIGAGEE, and wi;hcut reference to fhe
a~~q~acy or inadequacy of the va:ue of the property mortp3y-~-d or to rhr s:; vency or ;nsc .en~y of sa~d h10RiGAGOR w the defendants, and that such
~•~}s, profits, inco.ne, issves and reven~es sha~I be app,~ed by su:h Rec_~~~e~ ac;ord.ng to the tien or eq~~ty o( said A10RTGAGEE and the pracrice of such
Court.
8_ To duly, promp!ly and fui!y pe~fo~~T, d~scharoe, execure, effe:~, co~++p:ete, cor.,p;y w;?h a~d abide by each and every the stipuiatiors, agreemrMs,
c~nd;tions and covenants sa~d promissory nore and th:s ~r;ryage sct fo~th.
9. That in the event the ow~e~sh:p of the morfgaged pren•,ses. e~ a~iy part tncreef, becumes vested in a person other than the MORTGAGOR, the
S'~RTGAGEE, its successors ar.d assgns, may, w:rhout r.o~~ce so the :',~RTv~~OR, dea~ a~fh such successor or wccessor in interest with referer•ce to this
- o•rgage and the debt he~eby secwed in the same manner as with G".~~tgago. v..~hout in any way vit!ating or d~scharg~ny she IAorfgagori liability here-
' :^der or uFon the debt hereb~ sec~red. r~o sa'e of the Fren ~ses h~reby rr:urtgaged ard no fo~bearance on the pan o~ rhe MORTG.4GEE or its successors
er ass~gns and no eatersion of ihe tune fer tne payment of the d_b! he~ecy secured gn•en by Ihe ldORTGAGEE or its successors or ass gns, al~all operate
i ro re~ease, d~scharge, modify change or a~fect the orig,nat ~~ab:i,ty of the MOR(GAGOR here~n, e~ther in whoie or in part.
10. It is speuf+caeiy agreed that time ~s o.` the esser.ce of th~s co~tract and that no waiver of any ob~~gat~on hereunder or of the ob:igation se-
c~~ed hereby sha'~ at any time rherraffer be he:d to be a wa~:er of the terms here~f or of the instrume~t secured he~by.
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. I1. In ad~+r~c~ ro ~he forege ~~g c:onth'y paymen+s of ~r~~~c pal and i~~e~esr requ~red by ~he p~Om SSGty no'e secvred hareb,, mortyayor covenants
d ag.ees to pay ro mo•tga3ee .,~sh each monrh'y pa,~ e:~t an ao.e •,cnal s~^~ cst ated b; mortgjgee to be equai ro 1, 12 of t:ie onn~al cost of the fo~iow-
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~ y~
~ A-All reai proper!y tax~s !evi_~ or assessrd r33i•.sr th~ a~o~e desr~=:d r.~a~ esrate.
a B-Pr~n::u rs o~ t~re ard v.~o:dst~rm msura~ ce as i~ere~r. n~g;.~ed ro be ca•r~cd en the :m;:roveme~!s s:tvate on the abov~ d=sc~~bed prem~ses.
i C-Pre;r.~urr s o~ such :~ort~r:oe gua~anty ~nsu~a~ ce as mo~tgacee sha i!rc^ ~•~e ro ~~~ee deem f~t to ca~ry un the loan sec~red F.ereby_
; Mortgagee s'^a'". f•cm r~:ne tc n~~e no?~fy mertr_s~~r ~n w~.+,rq of tn_ a~~ ou•~t d~~= and payab~e hereundrr and such w~s shail thereupon be d~e and
..•.able on the d,:e da•e of tne nexT m.onth.~ payT.~nr and e~ch s~.cess~ve To•:th tne:esft:. urtil mcrtgagee sha!I not.fy mortyagor of a change in such
- ~±~m. Such s~ms s~a'i be a~p::ed by nor;gagee towa~d the pa~~rent of reai proper~y taxes, insura~ue p~em.ums, and mortgage guaranty insurance
. •-~~ums. i
~ IN ~'11TNESS Y:HEREOF, the sa~d hSORTGAGO? has hereunto ser h~s har.d ar.d s:al the day and year first aforesaid.
_ Signed, Sealed and deliverqd in the presertce of: / i
~ ` ~ ~?rsa.tA ~a=.~~~~ (Seal) ~
^ To e son
_ c5ean
\ ~ al) i
k , L ,Q~~ Agn Johnson (Seal)
~
STAT OF FLORIDA
~ St . Iuc ie ~ u- _ , s
F+ ~ tJTY OF 1 x.~
~ Tommie Johnson ~ ' v~' ~
~ ~ Before me personally appeared ~ • ° ~ , fnd
_ a,,~ ~9 ~O~1TlSOA •p~ ~ ~~,fp~~
y _ ~b•, his wife, to me welt kJ1owp
the individuals described in and who executed rFw for oin instrument, and acknowSed ed befoce me that the executid tTi/ t
x e9 9 9 Y ~P~rPo!,5~.
» rherein e:pressed. And the said ~T1eS Johnson ' 4;,~~ ~ :
.v~fe of the said T01~1~9 Johnson ~~~~~a~ p~j~
e.arnlnarion by me taRen separate and apart from her satd husband, acknowtedged to and before me that she executqd sa e~e pd y~til~,j
.
ra•~~y and without any cornpulsion, constraEnt, appre n o or fear of or fr~m her said husband. ; ~~~i~ • a
,~'k H ber~ _ ~~F c,•
_ V/ITNE55 my hand and offic~al seal th~s- _ day ot ~iQ•~,~4'~j
,
~ IIIHt111~~~~ .YX ~
_ . ) ~ ~ . . ,
_ N tary Pubt~c in an for tbR State of f{orida N large !
_ My Commission expires: ~ ` ,~t + "t ~
Retvrn To:
First Federsl Savings 3 loan Assouat;on
or Eoft a ..,~z f 11.~0 AMO RENTY ~ ~ ~ ~ ~ ~ 7 ~
Fort P~erce. Ficr~da
51. ~uc~E c~ ~v ,
aoc~a Po?t~~?t c
cou~T~` _
c~E~~ ~~~F
~o.r.--'" d :
aECORO ~Ea -
This Instrument Prepared By ,T. D. Chastain ~ f)~ R~ ~ ~
First Feder~l Savings 8 loan Association ~C
= of Fort Pierce~ Florida ~~~0~ `
= Checked By
~ R 197 ~1?5~
BOOK Pa
. . ~ . ~ . . . - Y~.'. . . .