HomeMy WebLinkAbout2658 3 To place and commuousiv keeD on the Lu~ d~nqs nc•v. or hereef~er s~tua~e on said land and on aN equ~pmero ~nd pc.sonelly covc~ed by thic mo~
a9e, with all prrn~~vms therro~ ~,a:d ~n i~'.t, frc ~nsurencc ~n ~hr us.,e: sea~ula~d po'~cy 1orm, ~n a sum appro+ed by the MJR~v:.viE, end w~nds~o
risura~C! in thc ~suel swnda~d pot~cy fo•m, m a wm eppra.ed t.y mr MORTGAGEE, in auch con:pany o~ COmpdn~lS as the l~AOkT:,AGEf m
cLreth and al{ fire and w~ndatorm insurance pol~i~ea o~~ any o1 sn~d bu~~d.ngs, any inlerast the~e~~ or pan ?hrrroi, in the aggrrga~e s~m atoresa~d ~
in excess Ihereof, sha:i :o~tain the usual sta:~daid mor~gagre uaust o~ w:h othc~ t~a~se ae the Mo~lgagee may rrqu~ro, ma?.i~g Ihe ioas u~:der sa~d po
c~es, each and every, paya~lt to sa~d h\JRTl~4G:E as its ~~~~~•rast may a, prar, a~~d each and eve•y s~ch pa~cy shati be promptfy ass g~~cd and de~~+v~ed ~
any hrld by said IdOR[GAGEE as furthar sr:u~ity to sa~d nso:iye~r d~et, und, not ~ess than te~ t~'~~ days in adv~ncC of the ex~~~•ehon oh rach FwLty, to d~
i~.ver to sa~d MORTGAGf-E a renCwai thuroi. +ogrthar w~lh d ~cce~:`1 fu~ thc p~emwm of suth renewal; and the~C S~~dll be rw t.re Ur wu~:li~:.~in ~ns~ranc
placed on any of sa~d bui!dmgs. a~y lntrrest ~hc~e~n or pa~t ~hen•ot. u~•• oss ~n the turrn and w~!h ~he loss payable as afo~esa~d; ar.d ~n thc e.•eM any aun
o+ money beco:nes payabie undrr wch pol~cy or pol~c~es se~d MJ~'TG~ t sh.+ll have the o~mon te retcwe e~.d apN!y the same on dI:JJ'1~ of the uWat,ied
nes~ aecured he~eby o~ to {x~mi~ fa~d l'f~RT(~iA~i~1R5 10 ~eCr~ve a'id use il Or any :~.~rl th••.c•of tcir o:n••r ~.~~;~:~irs v;.~!-~~~~t th••i.~r ~.~,.:i~~i3 .:r ~•'~G~••~•
~ng sny ~qu~W, I~en or nyht undcr or by vuiue o1 i~us more~~~e; and ~n ~he rvrnt sa~d AiORTVAGORS shaU for any reeson fail to 1.rep thc se~d prrm~s-,s so
~nsured, or fail to de~~vc~ u~omN11Y any of sa~d ~wl~ues of ~ns~~auc to s.+~d MORTaAGEE. Or t.,i: pcomptiy to f~ay 4~~1y any p~enuv~n thcic4or or ~n any
respect fail t0 perform, duiharge, exe.ute, eifeU, cO~~~i~~e~e, cori~~~ly w~~h and aL~cle by thif covena~it, or any part h,:reof, i.+~o MVR7„i.GfE may p~ece a~o
F,<sy io+ such insu~ence or any part the~eof w~thovt waiwng o~ afiruu~g any oN!~on, i~en, eyu~ty, or nyht un;ier or by vutue of this Mortgage a~id thc
i~ll amount of eath and e•e~y such parinrM aha~! Ge unmrd~erely d.,e ~~~d payaLie and shal~ htar intrrrst irom the date thcrroi ~:~til N..~d a! ~he r~te of
,~ne prr crntum per annun: ond ta~rth.rr vr~t~ s~ch ~nf.• e~t sho~~ :n~ sr;u:cd b~ lhe lien of lhis mortga~e.
4. To permit, tommit w suFfer no waste, ~mpairment or dctrr~orahon of sa~d prupeny o~ any part thereof. ;
5. To pay ~II and singvla• tfie costs, thnrgn and exi~enses, in:iudcig a rrasonable atrornry's fee and tosts of sDStrotts ef tiNe, incurred or pa~d a~ ~
nn~ time by sa~d h10RTGAG:E, beceuse or in the event oi the fb~lwe an thr part ot ~he sa~d MORTGAGJR ro duiy, promptly and tu!ly pertorm, d~scharge
.rcute, efiect, comp~ete, cornply w~th and at>.de by ea:h and eve•y the sT~p~~anom, ag~ee~~~ants. tond~t~ons. and eovenants of se~d prorr~~ssory note m~d ff~~s
~.or~gage any or edher, a~~d sa:d cosrs, charges and eapensrs. ea~h and rvery, sheii be ~mmed~ately dur and paya6ie; whe~her or nor rhere be nonce de
r~~.and, dtte~npT so co~lect or suil pend~ng; and the fvll arnovnt of each and evrry svcF~, p~yment ~hali bea~ mseres~ from +he daie therrot until pa~d a1 ?hr
~ o~ n~nr per ceiuun~ pe~ annu:n; enc: a1~ said cusrs, ci,.~~ges a•~d is:~~•~:s•~s irx~:rrd or pe~d, toyether wnh such ~nterest, shail be secured by the I~tn of tha
mort~age. ~
6. Tha~ (a) in the evem of any b~rach of this Mo~~~~ge or defau:r on ti~e parr oi the MORTGQGOR, or ,b) +n the eveM any of sa;d sums of m~ney ~
Perein referred ~a be r.or promptiy and tully pa~d vntiun tf~:•ty ~3~ dals ner. ..^c~ tne se~+e sevre':y beceme d~e and payable, w~tfuu! derttiand o~ not~ce. ~
tc) in thr event each and eve~y ihe snp~tahons, agreements. co~,d:~~o~~s and covenants of sa d p~omissory note a~d th.s mortgage aoy or e~ther are not {
iu'y, prompNy artd 4ully perfonncd, d scharqed. executed. elfr:ted. com~~rted, comp~~ed w~th and ab+ded Sy, then in erther or any suth event the sa~d ag• ~
;rcgate sum menno~:ed in said prom~sswy note mrn re~nami~g w~;:a~d, with ~n~rre;t accrurd, and aii moneys aewred heteby, shatl become due and pay~ {
e:;:c rorlhwirh, or thereafie~, at ~he op~~on ui s.+~d h1JR7G}.VEE, as fui:y an:l compleTC:y a> if ail of rhr sa~d wms o~ money were ong~naily sf~pwated '
ro be pa~d on such d:.y, anything in sa,d prom:ssory note or ir th~s !'.lo~tga~e +o thr conr~ary notwithstand~ng; and thereupon or thereafter at rhe opt~on of
s~ d MORTGAGEE, without nohte or demartd, sud at iaw or ~n equuy, ihc~riore or thereait~r begun, may be prosecuted as i1 all moneys setured he~eby
n::d ::~t!u+ed pnor to ~ts ~ns~itW~on.
7. Tha~ in the event that at the beg~nn~ng ot or at any t~me pend~r:g any su~t upon this Mortgage. or to forectox it, or to reform it, or to enforce
; avment oi any cia~ms ~ereundrr, said fAORT'vF+G:E st~a;; ,,p;,~y to itie Cou•~ hav~~g ~u~ud~ction tnereo! for the appo~Mment of a Receiver, such Court ahail
r.;~~hwith appo~nt a receive~ oi sa~d mortgagrd prop~:rty ei, and s~n~~:ar, 1nc~uci ng ai! a~~d sinyu~ar the income, praf~ts, issues and reve~ues f~om whatever
s: •,~ce denved. each and every of wlnch, rt tx~ng exHnss`y und~~•s~.,o:i is he'ruy mortgaged a3 it Spec:~~cally set forth and desCribed in thB granhng ~n~
h.,:,endum ciauses hereof, and such Rrce~ver :hal~ havr eii ine b~.;ad ~~~:d ~•ir~~c•:~e iunr.:wn and pov.e:s in anyw~se entrosted by a Court to a Receiver, and ~
s__h appoimme~~t shafi be made `uy svch Covrt as an ad •~ittrd eq~~ry a.~d d n a!ter of absolurr riyht to sa~d MORTG~GEE, and wi~l~o~t reference to the
a:~~quaty o~ inadeq~aty of thc value of thc proyeny m~~tgaged or t~ ~h~~ nu.vencr or ~nso vr~ry of aa~d MORiGAGOR or the deiendar.ts, and that s~ch
••••~ts, profits, incane, iuues and revenues shali be app~~ed try su:h Rrcr~~er ac~ord~ng to the Len or equity of said 610RTGAGEE and the pract~ce of such
~.oun. •
8. To duly, prompt;y and fully perform, d~s_harge, execure, efec', co~~lrte, comply with and abide by eacS and every the stip~iations, agreemeots,
:ondihons and covenanrs m sa~d promisiory note and u~:s morgage s~~t !orth
9. That in the evem the ownr_rship of ~he mortgaoed preai~ses o• .~~iy part thcrco4, becomes vested in a person other than the MORTGAGOi2, the
JRTGAGEE, its auccessors and ass~gns, may, w~thour ncrr.r to »~r :',:1F.?vti~k, dea~ with such s~cceasw or s~cceisor in ~merrst w~th reterence to thu
~~,o-rgage and the d~e! hereby secured in the same ma~~ne: as w~th ~.t:,-:~,,go~ wrthout ~n a~y way vit~ating or d~scharging the Mortoagors' I~ability he~e-
::~~der or upon the debt he~eby sec~red. No aeie of the p:cn~ses he~eb, mong~ged and nc 4orbearance on the pan o1 the MORiGAGEE or its successon
ass~gns and no extens~on ot the time ior the payneent of t~~c JebT h~••rt.y scrured g~ven by the ~dORTGAGfE o~ its successws or ass•gns, snaN operate i
~o re~eau, d~scharge, modify thange or affect the ongmal Gau:iny oi tne MOR.TGAGOR herein, either in whole or in part.
!
10. It is spec~ficaliy ag.eed that time is of the rssence of thls co~~tract and that no waiver of any obliganon hereunder or of the ob!iganon se-
F c~~ed he~eby shal~ ar any tlme therrafter be hc:d fo be a wc~ve- of ~he ter~ns hereof or of the i~~strumem se.u~ed heiby.
* I 1. In acid,tie~ fo the (ore~o nq mo.~th!y payments of p; ~n: ~3a' and Ynrrres! requ~red by the prom.ssory no'e secured hereby, mortga~or covenants
F
~ .•:;i agrees fo ;~ay tu mo•tgagee v.~th each monrli~y Nayr ~ent ar. ~JJ~'~cnal sum ri~~~~~ated by mortgagee to be equai t0 1, 12 Of the en:~uai cost o4 the foliow-
~ +
~ A-AL' real property taxes le~~e:: c. assesse;.i e~ar~st rti• ai,ove d•~s-•~~.• d+ra~ eseare.
# 6-Pr~n,~u•ns on fire arld v:indsto•~~ insu~a~'ce as i~r~e~n r~•q,,.rc•d to bF ca~r~~ d c*~ th_r ~m,;roveme~ts sit~ate on the abovc d~svibed prem~ses. ~
~ C-Pre:niur.~s on such mo:t3age quaranty ~ns~ra~ :e es n•o'tyayrr sha'i ire•r t me to time deem fat to carry on the loan s~cured hereby. ~
~ Mortgagee st~.,~~ f-on, t~n~e to t~:ne not~+; rr~o•~~~g::• ~n v.r~t.•,o o~ the a-.o~~~ dse and payable hereundar and s~ch su~n aha;: thareuawn be due end
~ .~.a'v!e on thr d~e a.~re o4 rh~ ~~cxt month.r pa~ment a~~d e:~c~~ sv:_cess~~e ~r,o•~th t~~e:eafi~r ur.ti! mortgagee shaN not:fy mo~tyaao. ef a chan~e in wch }
- ::ont. Such s~nis st ai~ be ap{~:~ed by mortgayre ~ov~a-d ti~n Ney~nen; of rra: pro;serty taxes, insurance prem.ums, a~id mortgage g~a.anty mwrante
. e ~~iums.
` IN WITNESS WNER~OF. thP sa~d MORTGAGOR ?ias hereunro se! h~s har.d and s~•al the day and year first aforesa~d.
~ Signed, Sealed and delive~ed in the presence of: ? ~
_ (Seel)
~ k~itness ' Francis ~l. 0'Brien ~~eq
` ` ~ ~
x v 1'at.~r~ .1_t ~;L _hct ~ {SeaO
s`~ k'itness r~ Eleanor B. 0'Brien
~ ~
~ S"ATE OF~oa~ac Maryland
~ C' 1-t~
~
19lfr~i~YOF _~'i,I P`T 1 M c~ c 1
~ '
w:~ Befwe me pe?sonally appeared FI'SI1C~S W. 0'Brien end
yy his wife, to me welf known and known to me to be
gs ~leanor g. O~Brien
t~~e ~ndividuels describecf in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
y~~ therein exprcssed. And the said Eleanor O~Brien
_ wlfe of the said r'~!'8I1C~8 W 0~81'~.6t1 _ , vpon e separote and private
= e*ami~ation by me taRen separate and apart f:om her sa~d h~aband, atknowledged to and before me that she executed said instr~ment tree~y and voiuo-
_ ~a~iiy and w~thout any compuis~on, constiami, apprehens~oTqr fear of or from her said husband.
~ ember ~wc. ~9~1
- WITNESS my hand and offic:ai seal this__ dey of
_ 1
=~a Notary Public in end tF~e St dr~ef-~rae ~
My Comm~uion expires: ~ ~~~-~.1~ ~
Return TO: ~ ~~0~~~
- Fint federal Savings 3 Loan Associ~non ~ . ,
- pf .ore P•..~e . -
Forr P~c~ce. Ftunda FILf L` ~"~`J RECOROE~ ' C
ST.IUCIC C4UMTY ftA- .
F+OGE r f ~ITRAS .
CLERI( Ct~tCU1t COURT
= RECORQ VER~FtE~~---
This Instrument Prepared By RIC~IBTC? K. KByeS ~10 pY ~~J~
- First Federal Savings 8 loan Association 1~l 1
of For! Pierce~ Florida '
~ ~ C%~-~`
- Checked By -
4 ~
go~K 197 ~~E 2654 1,8 ~