HomeMy WebLinkAbout0382 3. To place and cont~nuous~y keep o~ the burd~r.gs ~ww or h~~:c•efrer iru.+re on s~~d land and on ali eq:,~p~nen~ and personalty ca~•e~ed by this mor
e9e, w~th atl prrn;~ums ihereon pa~d ~n futl, hr~ ~nsur,nc~ ~n ~h~• .,s.:af s:o~.i~.d Fo ~cy torm, in e s~m a~.proYrd by thr MJR~v:.vEE, and w~ndsro
~nsurance in th~ usual sranda~d F:o:.cy 1o~m, ~n a s~m oNE,ro.rd i,y ~nr '.1a2iGAvEE, i~ wch co~npany er con~pan;es as rhe l4108IGACsFE m
d~rect; and all (ire and ~v~ndsto.m ins~rance poflc~es on any of sa~d bu~'d.ngs, any imerasi the~e~n ~r parl thereoi, in the aggr~gate wm aloresa~d
~n excess thrieof, shall :onta;n ~he uswl sta~~d~id maryagre ua~sa cr s:,;h o~he~ cl3uae as tha Mo~tga~ee may requ.re, mal.~ng ~ha foss ~nder sa~d po
cles, each and zve~y. payab'e to :a~d AtORTGAGEE as ~t: ~nterrst ~nay appear, and each and e.e~r• s~ch po::ry shaU be promptiy ass gned and dr~~verrd ~
any held by sa~d h10RiGAGiE as fur~her secwi+y to ia~d nwr~9age d~~br, a~;cl, nor I~ss than ~en (101 days ~n ad.anca o1 the erp~rahon oi each pohcy, ro d~
; ver to aa~d MORTGAGEE a~enrv.al thereof, together w~th a recr~pt for the pranu~m of ivth ~enexal; and ihere sf.ait be rtio l~re ot wvndsto~~n inyurant
placed on arty oi sa~d bui~d•,gs, any ;ntr~rst the~e+n or p;rr ihereof, un ~n fhe fonn and w~th ~he ~ou pa~auie as aforese~d; a~+d ihe e.eN any sun
of money beco~»es payabie vnder such po!~cy or poLc~es sa~d A;ORTGAveE at,~;i have the oNt,on ~o reo.~~e a~~d app!y the same on ac.ovnt of the i~:drb~.d
ness Secured hareby or to permf~ s~~d fAORTGAGORS ro recrwe a~~d use it o~ ~•~1 rr t!,rroF ior or~~• r ~.ury : st•s, ...~no~t +h,•. or ,v.:~.~ ~7 ,:r ~~~.p,~i~ ~
ing aoy equ~ty, Gen or r~ght under or by virtue of th~s mo:e~a~e; and in the evem sa d MQRTGAGORS shall `o~ any reason fail to kaep the sa~d pra~n~s~~s so
~
~nsu~ed, or !ail to dei~ver prompNy any of sa~d pol:c~es of insurance to sa:d h10RiGAvfE, or t~u promptiy to pay fu~:y any prr n~urn the~~for o~ in a~y ~
respec~ fail !o perferm, dscharg~, execufe, effea, con,p!r~r, co:r,piy ,vi~h and a5~de by ~his cove:~a~,~, o~ any par~ hareoi, sa~d MuRT~AGEE may p~ace a••o
pay for suth insurante or any p~rt ihereof w~thoul wai~~ng or attetui~y eny uy~~v~~, ~;c~~. cy,,;:~. -c u~••~~ti ~A• 3
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full aino~M of each and e~ery s~ch pa~menr shelt be urrmedmt~~ly ~~e ~>>d pa fobie o,;d shell bear int~rrst 4rom tha dafe ~hereof umil p„~d at the rate oi ~
~~:ne ptr cantum per ann~ni a~~d to~eih~•r ~n~+h such uit~~,ist sh~~~ .~r s.:.~r.~d by the Iien of th~s mongage. y
To permit, commA or sufier no waste, impairment or det~•roronon of said property or any part thereof. 1
5. To pay all and sing~~la~ the costs, cFiarges and expensrs, incluuing a reaso:~ab!e at~orney's fee a~d cosrs of abatracts of titie, incurred or paid at
any time by sa~d MORiGAGEf, beca~se o~ in the evrnt oi ~he fa:aure on tne part of the sa~d ASORiGAGOR to duly, prumptly a~d futly p¢~~form, d~scharge. ~
eaecute, effect, can~,lete, comply wah and ab:de by each a~d every ihe st~pcia~ on:, agreem~nts, conditions, a~d covenants o; sa~d prom~ssory nate a~d this ~
.~:orrgage any w e~~her, and sa:d costs, cna~ges and expanses, rach and every, shall ba immed~ately due and payab:e; whe~her or not ih2re be not;~e dr
mand, attempt to to:iect or s~it pend~ng; and the fvll dmoum of each a~~d e~ery such payn:eM sha;l bea. irt~rrst from the date thereof until paid at the ~
~_•re os nine per cent~m ~~.er an~~u n; o~~~ ali :a~d cosis, cnar9es a~d c,~r<r:s~s ~rc~~red or po~d, togethrr wnh suth interest, ihaU be secured by tht I~en of th~t ~
morfgage.
6. Thaf (a) in tbe event of any breach of this Morrgage or default on thz part of ti~e A10RTGAGOR, or ;b) in the event any ot sa:d sums of money !
hrrein referrrd to he not p~omp`ly and fuily paid with,n th~rty i3J? dals next a-~_•r ~fie saoie severa:ly become d~e and payable, wfthout demand or notite,
er ;c) in the event each and errry the stipu arwns, agreements, cor,d,;;o~~s and covenams of sa d prom~ssory no!e and th~s morrgage any or either are not
~~:y, promptly and i~l!y performzd, d scharg_d, executed, etfected, co:r,pleted, compl~ed w~~h and ab:ded Sy, then in e~~her or any suth e~em the sa~d ag
~:egate sum ment;oned in said promissory note then rema~ning urpa~d, w~~h ~n~rrr,~ acaued, m~d ai~ moneys secured he~eby, sha!! become due and pay
no e forthwith, or thereafter, at the opt~on of se~d h1flRTGAGiE, as f~Uy a~r,i co~~~pteteiy as if ali of the sa~d wma of money we~e or~ginally snpu:ated
ro be pa:d on s~ch dty, anything in sa:o pran;ssory note or in this hlo:tgage to the contrary no~n~~hs~and~~g; and tf~ereupon or therealte~ at ~he op/~on of
s~ d MQRTGAGff, wrthaut nonce or ~emand, swt at lew or ;n eq~,ty, theretore or thereaiier begun, may be prosecuted as if all moneys sec~red hereby
~:_u maWred pr~or lo ~b inst~tut~on.
7. That in the everet that at the beginn~ng of or at any time µcnd~ng any su~t uFon th~s Mo~tgage, or to foreclou it, or to reform it, or to eqfprce
.a;ment of any claims hereunder, safd MOR7GAGEE shali app7y ro rhe Coun having ~ur~sd.c~;on :he:eef for the afipointment of a Receiver, wch Court shal)
•c.•fhwith appoint a receiver of sa~d morrgaged property al! and singu~ar, ~n:iud ng aa ar.d s~~,gu~ar ti~e ir.com~, profrts, issues and reven~es from whatever
s-.,;ce der~ved, each and every of „„irc~,, ,r bemg express`:y unders~cod, ~x her_Uy rt;crtgaged as lf spec,ficai~y set forrh and desuibed in the granting and
t,abendum ciauses hereof, and such Receiver shatl have ali ~he brcad a-~~+ rsicc+;ve f~RC;.o~~s ar,d powers +n anyw~se ent:usted by a Cou~1 to a Rec~iver, and
s_ch appoi~tment shelt be made by auch Co~rt as an ad:nit~ed equ~~y a~:d a r•atter cf a5sot~te right to sa~d MORTGAGEE, and w~thout reference to the f
adequacy a inadeqvacy of the val~t af the prope~ry monqaged or to ti~e so.ycncy o~ ~n50'tic'f1Cy of said MOR+GAGpR or the detendants, and that such t
~~••,fs, profits, inco~ne, iuues and revenues shaii be app;Ied 'ey such Recr~ve~ ac:ord~ng to the {ien or equity of said MORTGAGEE a~d the prachce of such j
CO V ft.
8. To du!y, promot:y and fuiiy per{o!m, discharge, ezecute, effecr, co.-:piere, con,piY w+th and abide by ea[h and every the stipulations, agreements,
:orditions and covenants ~n sa~d promissory note and th;s morrgage sr~ fo~th.
9. That in the evern thc ownersh]p of the mortgaged prem~ses, u. any part thereof, becomes vested in a person other than the MORTGAGOR, the ~
;'^RTGAGEE, i+s wccessors ar.d ass~gns, may, w~~ho~r ner:ce to ~he ttORTGtiOR. deal w~th such successor or successor in inreresr wi~h reference to thes
•~~o-rgage ar.d rhe debt hereby sec~red in the same ma~ene~ as wnh !.~or.ysgor wlrhou~ in any way vit;ating or d~scharg~ng the Morfgagors' liability Frere ~
.,-,der w upon the debt hereby sec~r~d_ No sa:e of ~he Fren,~s~s hareby mo~tgaged ard no forbearence or, the part of the MORTGAGEE or its successors
' ~r assign5 and n0 e~ctens+on ot fhe t~m2 tor the p3ymeni o~ ine aeb7 ncrc~y seNreo ~~vice~ iiy ii.r ~.ivn:v%+v~~ u` .SS ;..:i~.:;.c3 C. -
, :::y: s. : .,p......,,
ro re!ease, d,scha;ge, modlfy ~hange ar affect the or~g,nal I~a~,;ay of uie 6',CRTGAGOR here~n, e+ther ]n whole or in part.
; 10. It is speu4~ca1{y agreed tnat time is of the esser.ce of th~s contract and that no waiver of any obtigat~on hereunder or of the obSgation se-
k c::red hereby shat~ at any time thereatter be he:d to be a wa~.er of the te:ms hereoi or of the ins:rument secured herby.
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~ 11. In add tion To the forego •:g r-~o~>h'y paym•,nts of a~d i~:t:~r_st requ~red by the prom sscry nore s.c~red hereb~, mo:tgagor tovenants
~ 3~ d ag._es ro pay to nio-rgagee .~~th each ~r~o~~rh;y pay~..ent an a1:1~r;onal sum <•r ~ ared 6,r morty;gee to be equal to 1, 12 of the annual cost of the follow-
A-All real property taxes te•~~ed or azseszed dCJ3r Sf thc acove desc~ib-_d r_a! esta!e.
i B- Prcrt,~v:ns on f~re ar.d winciStorm ~nsv~arce as neri~in rcq:,,red ro be carr~cd cn th.. !m, roveme~ts sauate on the above d~scr~bed premises_
C-Premiums on zuch mortgage g~a~anty ir.svra~ ce as mongagee sh3?1 frar Yme to time deem fit to carry on the toan secured hereby.
~ Mortgagee s!~a'f from tn~~e to ti~,e notif~ mortgsgor m wr~ting of The a•ro~~t d•~e ar.d p~yabie here~ndrr and wch surn shatl thereupon be due and
' : 3o-ab!e on the d~e oare of ih? ne.~t n;onth:y payment ard each wccess~ve ~*o~>>h thereafter ~~vii mortgagee sha!1 notify mortgagor of a change in such
. ;unt. Suth sums sha~i be app'irJ by mortgag?e to.+ard tiie payiT:ent of real property taaes, i~suranCe prem:ums, dnd mortgage guaranfy insurance ~
•"cmium5.
s " Y~ITNESS YiHEREOf, the said r110RTGAGOR has hereunto ser h~s ha::d and s•~al the day and year first fore ~
F Sealed n eliver~ in the p~esence of:
i / _ FtLED AM~~ r?EC~ROED
ST.lUC1~ C~UN11f FIA. «a~~
- ROCEF PU!TRAS LlOy O r~a1)
' CLERK Ci;CU1T COU ~
r RECORD VE~~F1E0~~~^~' pLlld@ F. TaYloz l5ea~)
` {Seal)
~ S~ATE OF FLORIDA ~ ;
` OEC 10 IO o6 AM'Z I
' COUtJTY OF _ St • Ll3C1E ~ i
- - ~ 22Q'7 ~'7
} Lloyd ?aylor
; Before me rsonall• appeared and
~ Clotilde Tay o~r
his wife, to me well known and known to me to be
; rhe individuals described in and who execvted the foregoing instrumem, and ackr.owledged before me that they executed tbe same for the purposes
rherein expressed. And the said_ Clotilde F. Taylor
i rv~fe of tfie sa~d _ LlOyd TsylOr vpon a sepa.at~'and pr~v~te
exam~nat~on by me taken separate and apart from her sa~d husband, acknow{edged to and before me that she ezecuted 6~id insttomedl. frealy p~d voluo-
~ ta:~iy and w~thout any compu~s~on, tonstraint, apprehens,on, o~ fear of or from her said husband, _ ,
WITNESS my hand and offic~al seal this__~~ day of ~Cembe= Q ~9 71
Notary Pubtic in and fo? 1he St~te Fbrida.N larQr-
' My Comm~ssion expires: ~ ' '
< Return To_ HOTARY P{ISUC~ STATE oi~KO~l~A Zt LARGf ~
t First federal Sayings b loan Assouar~on Nly ~pp~M ~~,p~RF9.3~PT:.?~-i9)S
Of Fo•r P erce Bp~~ ~ lP~~ ~;p, I
Fort Pierce, Flor~d~ r}
t
This Instrument Prepared By John W. Collins
First Federal Savings 8~ Loan Association
- of Fort Pierce, Florida
F Checked By
' BOOx F'hCE ~V~? ' d
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