HomeMy WebLinkAbout2719 3. i:; place and continuovsly kecp o~ 1tie b.~! d~~•gs ncw or ~ercehe~ ~~tuaee on se~d ~and and on ell equipmcnt end penon~lly covered by th~s :na
sge, w~tA •II p~em,um~ thereon pa•d +n fu!I, f~re ~~:,u~ence ~n ihe ~s~al ara,~a~d ~w ~cy form, in s s.,m approved by ~ht MORiGAGEE, ar~d vv~ndsto
~mvrance in the ~wal ifa~ida•d po'+.cy torm, in a s.,m spprovrd by ~he MORTGAGtE, in such campar~y or ta~~pames st th~ MORTGAGEE m
d~.ecr; and all firs and :r'~dotorm msu•ai+te po:~cirs on •ny o~ sa~d budd~ngs, any ~merest tFxrein or pa~t thrrcof, i~ Ihe aggregate sum atwesaid
in eaces~ tF+ereaf, sfia!I cuntain the uwsl sTa~:d~rd mo:~9agee uause a svch other c~~se •s tM Mortgagee may reQu~r~: m~?in~ the ~os~ unde: sa~d po
c~es, each and every, psynb!e to sa~d A1pRTGAGEE aa ~ts ~nterest may appear, and each and evc.y svc~ poi~:y sha~l be promp~ly au gned and de~~vr~ed ~
any hrld by sa~d MORTGAGFE as fur~her security to u~d n+o~~gage d2D1, rat less than ten (10) days in adrance ~f the eap~~st~on of each pol.ty, ~o d
t~var to uid MORTGAGEE a renewa! thereof, eo9e~her v.ith a rece~pt for the prem~um o( such re~ewat; a~xl thrre shall be no i~re or w+ndsto~m insuranc
plsced pn any of said bui!d~ngs, any inrerest thr~e~n or part ~F~rreof, un ess in ~he form and wnh the to:s payable as aforesaid; a~d in the eveM any sun
of money becomes payabte vnuer wch po:icy w paLues ss~o M:~RiGAGEE sfiefl Aave ihe opt~o~ ro rece~ve a~~d app'y the same on account of the irtiiebied
riss secured hereby or to permit sa~d MORTGAGORS to recrive a~~d use it or any part thereof tor ocn,~r pu~;;,~es .v~~ncvt Mr.or v~s~•~~g c~ m~Psu
ing any eqv~ty, leen or r~gh1 under or by wrtuc ot th~s mor'gagc; and i~ the evrnt ta:d M0~2TGAt~VKJ s~~a!1 for any reason iai! to ketp the uid premises so
~~sured, or feil to dei~ve+ promptiy any of sa~d pnl~c~rs ci ~ns.,~e~~ce ro sa~d MORIGAGEE, or fait ptomptly to pay fu~ly any prr:n~um theretor w in +ny
~espett fai~ to pe~jorm, d:scharge, ttecute, efiect, compiete, co:nply w~th snd •b~de by thit to~tnant, o~ any part hareof, sa~d MVRivAGEE may piste a~0
pay fa •uch inau~ence or any part thereof w~ihovt ~•a1v~.ig or affecnng any opt~on, I~rn, eqv:+y, or ri~h1 under w Dy v~rt~e of fh~s More9age, and ihe
t~I1 amount of each end every such paymem sha:t !x ~mmed~eiely d:,e and pa~able and shafl bes+ iroer~st from ihe dafe thereof u~i~l pad at ihe rate o~
n~n~ pcr cent~m per annum and to~rthir w~~h auch n,!r ~~at sn,~~ be sr:urtd by the licn of th~s mortflafle.
1. To permit, tommit w suffer no waste, :mpairment or deter~oration of sa~d pruperty w•ny parl thercof.
5. To pay all snd singutar the costs, cAarges and expe~ses, includ~ng s reaso~able attorney's fte and costs of abstretts of title, incurred or paid ~t
an~ t~me by sa~d MORiGAGEE, because w~~ rhe even~ of ~he fa~lure on ~he pa~~ of ihe sa~d MORTGAGOR ro du:y, pra-npriy and fv~ly pe~form, d~uharg~.
e.ecure, ef(eu, co+nptete, comply wnh and c~:'_: by each and every ~he snpvfar:ons, ~greemeros, condirwns, •nd covenanrs o( sa~d prom~ssery nore and ~h~s
m~ngage any or enher, and sa:d costs, chargcs a~d ezpenses, each and evcry, sha~l kx immedutely due and payabu; whether or oot ti~ere be ~o~ice dr
mand, attempt to co~iect or wit pend:ng; and the fw! amou~t of cach end evrrv svch paymem shall bea+ interes~ from ~he date thtreof until paid at the
~.+c e~ n~ne pcr centum Fnr onnu-~; and all sa~d costs, cha:3es and cx;,enses lnc~~red p pa~d, together wah s~th imercst, shall be setured b~ the lien oi this
mortyape.
6. That in the event of arty ~each o( ~nis Mortg~a w defauh on ~he part oi the A10RTGAGOR, or ;b) in the eveM ~ny of sn;d sul*~s of mo~ey
herein referred ~o be not prom,priy and futly pa~d w~chm ~h~rty ;3J; days nc.t az~er ~he same se.era::y become due and payabte, without demand or notice,
~r tc) in the event each and ever~~ the stipu~at~ons, agree:nents. cond~r,ons and covcnants of sa.d prornissory notr and th~s morlgage a+~y w either are no1
iuiy, promptly and fuily perto~med, d•xhargrd, e+eecu~ed, effec~ed, tomp~eted, complied with and ab~drd ~y, the~ in N~hrr or any such eveM the sa~d ag
a•~o~e sum mentioned in sa~d p.om~ssory note then re~ne~ning unpaid, w~th in~erest accrued, and aii moneys secu~ed hereby, shall become due and pay-
ab:e forthwith, o~ thereafter, at the opt~on of sa~d MORTGAGEE, as fuly and cornp:etely as if •~I of the sa~d sums of mo~ey were o~~~naily st~pulated
.o be pa~d on such day, anyth~ng in sa.d prornissoiy note w in this Mortgs~e ~o the contrary norwithsian~+~ng; and thereupoo w thereafter at the opuon of
sa,d MORTGAGEE, without no+~ce or demand, s~~t at law a~n equ~ty, ehe~efore o. thereafter begun, may be prosecuted ~s'if all nwney. setured hereby
r„d matured pnot to its instituuon.
7. That in the e~ent that et the begi~n~ng of or at any t~me pend~ng any su~t upan this Mortgage, o? to fpeclou it, or to reform it, or to enfwce -
~•a;ment oi any c+aims hereunder, sa~d MORTG~GFE sha!! apply to thc Court hav~ng ~ur~sd~c~~on thereof far the apposMment of a Receiver, such Co~rt sMll
iorrhwirh appoint a receiver of said mortgaged oroperty all and singu~ar, inc~ud n9 ai~ a~:d suguiar the ir.come, prohri, issues and reven~es from whatever
s: urce derived. eacfi snd every of wh cfi, ~r be~ng exp+esily ~n~e~stood, is hereby mortgaged as ~f spec~f~caity set fwth and deur:brd in the g~anrin9 and
I:a~endum ciauses hereof, a~d such Rececver shaii have alf ihe broad and effecr~ve funct~ons a~xi pwken in anyw~se entrusted by a Court to • Reteiver, and
s. ch appointme~~t shaU be made by svch l.oun as an ad niifrd eq~riy and a rr.atter of absolute rigM to Sa~d MORTGAGEE, snd without reference 1o the
n.;equacy w inadequacy of the value of the proprrry mo~+gaged o~ to the so'.vr~cy or ~oset.ency o( said MORiGAGOR d the defendants, and rhat such
,~~s, profin, incane, issues and revenues sha~l be app'~ied by such Rece~ve~ ac:ard~ng io the i~ert w equi:~ ~i said MORTGAGEE ~nd the pr~ctice of such
Court.
B. To duly, prompNy and fully perform, d~scha.ge, execute, elfecr, corr~,iere, comply w~th and abide by each and every tFx stipulations, agreementt,
;onditions and covenanrs m sa~d promiasory no+e a:~d rn~s mortga~e srt forth.
9. That in the event the ownersh~p of ihe mortgaged prem:ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
h'ORTGAGfE, its successors and ass~gn:, may, w~~hout nonce to the MORTGAOR, dea~ w~th such succeuo+ w succeasor in ~nterest with reference to thii
mortgage and the dFot he~eby secured in the same manner as with ~JWrtgagor w~thout in any way vif~ating or d~scharging the Mortgagors' liability here
,•nder d upon the debt hereby sew•ed. No sa:e of the preT~.s^s hereby mortgaged and no to:bearante o~ tfie part of the MORiGAGEE o? its successors
x assigns and no exte~s~on of the r,me for the payment of the deb! hereby secured g~ven by the MORTGAGEE or its s~~ccesswa or au;gna, shsll operate
ro re~ease, d~xharge, modify change w affect the orig~nal i~ab,;.ty of the ARORTGAGOR herein, either in whole or in psrt.
10. It is spec~fical~y agreed :hat t~me is of the e:xnce of th~s cantract and thet no wnivcr o( any ob'igat~on hereunde? or of the obligation sr
c~red hereby shait ar any fime thrreatser be held to be a waiver of tfie terms hcreof a of the insrrum_nt seNred herby.
11. In addn~o~ to the fwego ng month~y paym>n+s of p.~nc pal and inTeres~ requ~red by the prom•sscry nore sec~red hereby, mortgagor covenants
,•~d agr,es to pay ro rnongagee v~ith esch mo~th~y pr,y~,•ent an ad3 r~onst sum rsr~rnared by mortgagee to be equal to l. 12 of the annua~ cost of the folfow-
A-Afl real p~ope•ty taxes Ic•:~ed or assessed rgai•,st tnt above described re-al rstare.
B-Pr~m;;;ms on fue and winds!o•,n msvrar ce as here+n reqv~red to be carri_~d on ~he ~mproveme~ts sit~ate on !he abave d,stribed premises.
C-Premivms o~ such mo~tg;ge g~a*an!y ~r.svra~,ce as mo~tgagee shall from time to ti~ne deem fit to csrry on the {oan secured hereby.
Mortqagee she!I from :~me to f~Te no:~fy mur~y,gor ~n wntir,g of the amou~t dve and payable hereundrr and such surn shail thereupon be due and
't : avable on the dve dare of the ~e.~ month:y paym=nt a~d each successive mo~th thereaftcr uciil mertgagee shall not;fy mortgagoi of a change in such
~ ounr. S~ch sums s~a:i tx app::ed by mortgagre to.vard rhe payment of real property taxes, i~surante prem:urra, aixl mortgage guaranty insurante
; emiums.
~ IN YJITNESS WHfREOF fhe satd MORTGAGOR has her~uroo set his hand and seal the day and year fint aforesaid_ _
k . nSd. Sealed and ivered ' he pr nce of: ~
x '
' ~ FItED ~K~ ~ECQROEO i,l~l..r~_
x 1~1 t Ss w~ ST.lUC1E COUNTY W A~ sy p= +n
: - ttOCER POItR~S ` •q
~ ~•3 CLERK CiRCUIt CONR~ 1 P' ~n
~r~ . c.r ~ RECORO VEatf1E0~" o ay o _~~n
~ ~a
~E oF ~ W~t~ss c 13 10 04 AH'11
~ c~uNrr oF -L tfk # ~ 22Q36~
~ Williaa A. 2aylor ,,,a
? Before me person+lly appeared
f Ysekn Tavlor his wife, to me well known and known to me to be
~ rhe ind~viduats descr~bed in ~nd who e:ecuted the fore~ang insnument, and +cknovrledged bsfa-x me that tF~y executed the same fw the purposes
rnereen expressed. And the said Ya6~C0 TAylO! _
~ Williaa w. 2aylor
w~fe of the said u • separste snd pirv~t~
e.am~n~tior. by me taken separate and apart from her sa~d husband, eckrawiedgcd to and before me tFwt she execut sai ins ent frcely and volur?~
~arJy and withcwt nny comp;,ision, cons~raint, epprehen~s}~o/n~, Lo~r ~fear of or from her said h bard. /
WITNESS my harv! and official seal this_ L day of I~. D. 1~
-~t
, Notary P~b ic in p+d ~or t ~N L.~rp~ '
My Comm~ssion ez~ires: • - '
y .
Re.Um TO: M/ mm. EX p~. ao ~ .
First federal Savings 6 Loan Assoc:at~on ~ g ~ {
oF r~.~ P,E~~z fIlEO ~?NO ~f x'-; E
_ Fo+t Pierce. Fionoa aT.L~IE C~ S L '.}~±y~=.~~'
AOCE11 P0, f,~ (
~'l'ER
VERIf
ED ~
_ This Instrument Prepared By 4Va. g. gYayn ~ECOAD t ~o~~~
~ ,
First Federal Savings 8 Loan gociatiQn , '
= of Fort Pierce r ~10=iO~? ~ - • ' ;
s ~ : , '
' N+v . •~,~;ro,,;, ~
Checked By `s
600K ~i7V PACE2724 600K ~7~ PACE~~ ~
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tr~_ _ - . _ . ~t~:_ .