HomeMy WebLinkAbout0856 3. To place and cont~nuo~:ty k=ep on rne Lu~'d~~•,gs nox o~ hreaiter e~tuare on s~~d !a~~d and on al~ rq~rp~nrnr a~~d perso~alty corered t;y this mor
~9e, with all prem:ums thereo~ pa.d ~n iuil, tire insu~anc~ n inr ~s...~~ sr.i~ d~~d w.:cy form, in a s~m a;.yroved bi the r.1VR~v:.G:E, a~~d windifo
Ins~~ance in ihe uiual s~andard pol cy form, in a swn appro.rd by ~hr r~oetGaG:E, in such company or can,an.es as t~e MORTvAGEE m
d.rec?; and all 1irc and w~nduorm inw~an~e Fo'~ues on any of ia~d buiid.~gs, any inierest the~em or pan rnareoi, in the agyi.~gaTe tum aioresald
in ezcess thereof, shall :onrai~ the uwat sra~~dard mor+g~gre c:ause or su:h ahe~ c~~use aa the Mo~tgagee may requ.re, mak~ng rhe ~o~s u~~drr sa~d po ~
c~cs, esch and every, pa~abte !o said A10R1GAGEE as •ts ~n~c•r.sr may apNear, and each and eve~y such po+:cy sha~1 be pron,prty ass gnad and dei~.ered ~
any held by said h10R1vAGEE as furiher securrty ~o sa.d n,oc~~oge d<bt, and, not less than ten ~103 davs in ad.~~ue ot th2 exN~rat~on of each pot~cy, to d.
~.~er to said MORTGAGE£ a renewel thereof, toge~hrr with a race~pt for tha prc:n~um ol such renev.al; a:ed ~hare s~~a~f be no f~re o~ w:~~ds~o~m ~nsuranc ~
p~aced on any oi said bu~td~ngs, any ~nterest there:n cr p3r! th_~eof, v^'~>s ~n the form a~~d w~rh the ;oss nayak;!e as afcresa~d; and in ~he e~•ent any sun j
of money bccomes payab!e ~~der such policy or pof:ues said 111JR~GAGEE sh3R haae ~he opr!on To reca~ve a~~d app!y tne aa~ne o~ account of the indebted j
neu Setured hl~eby O~ fo permil 3aid NIORTGA(~iOR$ to reCrive and uSe if W a+r/ ~.'~t th•~:cof 'tor otn•~• 1,vr:_~s~~s. -:..tr,~•,;t th-•~• oi .va~v~ ~3 :r u~'•pa~r
~ng any equ~ty, 1«n w nyht undrr w by virtua of this mcrrgage; and ~n the event sa.d MORTGAGORS shall :or any reason fa~l to keap the sa~d premises so
~ns~red, or fail to deLve~ promptly any of s~id poi~c~as of insv:ance to sa;d MORTGAvEE, cr i;,~~ p:ompclY to pay fu,ly any p~e~»~vm therefo~ or in s~Y ~
respect fail to pe~form, d~scha~ge, eaecure, efieu, comp!ate, cor.p!y w~~h and a5~de by ih~s cove~~a~i~, or any part hrreoi, sa~d h1GRTGAGEE may p~ace a-d ~
„ s,,, : .t.e.,...f ...:~1.0.,~ ..,a1vlm « afFeu~no anv out.on. l;rn. eou~tv, or n~h~ under w by virtue of th~s Mortgage, and the 2
~t~if amount of^each and e.ery such payn,e~t shatf be ~mmed~ately due and payabie and shall brar ~nterest from tha dafe thzreot un~d pa~d at ~ne ra~e ot
n.ne per centum per ann~m and to~e~htr ~nirh such ~nter~st shw~ :,e sr.~•rd by the lien of this mortgage.
To permit, tommit w suffer no waste, impa~rment or deter~ora~:on ~f :aid prcperry or any part thereof.
5. To pay ali and singular the coats, charges ar.d e:pensrs. [r:iud~ng a reasonabte at~orney's Fee jnd ceses of abstrads of tie!e, incurr~ or paid a~
a~y time by said MQRiGAG:E, beca;,se or in ehe eve~~s o( ;h~ fa.~,re cn the part of ~he s~rd MrJP.TGAGi?R !o duly, pro~~pNy and iuily pe~form, d~scna~ge
~.~~cute, effec4 comptete, comply wuh ard av:de by eath and e+ery ~he snF:u:at.ons, agrermc~~ri, cond:t~o~~s, and tovenants of sa~d p~o:ni;sory nole and this
,-orrgage any or e~ther, and sa~d costs, charges and expenses, each and e.ery, shai~ be imm~d~a~e~y due and payable; whether or not there be nctice d> ,
mand, attempt to co:iect or suit pend,ng; and rhe full a~nounr of each ar~d evrry svch pa~ment shali bea~ irteres~ from the date thereot uneil pa~d at the •
-~r o! nine per crnt~m prr o~;~war, ond all said ccsts. cnai~es a~~d c~:.ecses ~rxurred er pa~d, togrther wuh such interest, s~all be srcured by the lien of thif ~
3
rnorrgage.
6. That (a) in the evem of any breach of thls Mortgage or drfaulr on tb~ part of the MORTG.~GOR, or ;b) in ~he evant any of sa:d sums of money
I,cre~n referred to be not pro~nptly and tui:y pa~d .+r~r~~n ih.~~y ;3u d.~ys nex~ ~'c•_r the sa~,e sr.era':y beco~~ie doe and payab~e, without demar.d or no~~cr.
or ~c) in the evenl each and every ~ne stipvlat~ons, agreements. cor.d~r~ons and covrnanrs of sa d promiswry nole and thn mortgage any w eithrr are nof
iu'y, promptly and fully performed, dscha~g~, exec~ted, effected compfetrd. :o~e~pLed .V~!h and a~~ded 5y, then in e:~her o~ any such event the sa~d ag
regate sum mentioned in sa~d promissery note then ren:aln~ng unpa~d, wrth ~ntere>t accr~ed, and a,i mon~,s secured hereby, shatl becume due and pay
no e forthw~rh. o~ thereafter, at the op~~on of sa:d RtO~iGAv~E. as +~:~y and compiete:y as if al1 of thr sa:d sums of money were or~gina~ly st;pu:ated
tc. be pa:d on such day, anything in sa.d pro^,ssory not~ o~ in th~z Mortga~e to !he conr.ary r.ot:::thsr~~,d~,,g; and thereupon or thereaSte~ ai the opnon of
s~ d lihORTGAGEE, vc~thout nonce or demand, su~t at iaw or ~n eq~~ty, fh<<eTO.e or thereafrer beyun, may be prosec~ted aa if all moneys secvred hereby
1
r.,d mat~red pt~or to ~ts inititut~o~.
7, ihat in the event that at the beg~nn;ng of or at any +~me pend.~.g any sv t upon rh~s Mortgage, or to foreclose it, or to reform it, o? to enforce
payrneM of any claims hereundrr, said htiORiGAG"cE sha:l app!y to thr Co„~t ha+~~~g ;cr.sd ct,en the•reuf for the appo~ntmeM of a Reteiver, Suth Court shail
r;,~~hwith appoi~t a ~ece~ver of said mortgeged p~o~erty al{ and singu:ar, in:;ud r:g ~~i a~:d s~~~3~~ar the iccome, proias, issues ar.d reven~es from whatever
z;.,rce drrived, each ar,d every of wh:ch, ~f be~ng express~y unda~s~cod ~s he~_uy n:a•gag_~d as ~f spec,ficai'y set forth and descr~bed in the g~ant~ng and
'r.36endum dauses hereoE, and such Recei~er shali ha~r al! the b::,ad ar:d ef: ~r;,,~ fv~u cns and po~•:e~s in anyw~se enrrusted by a to~~t to a Recr~ver, end
s. ch appointment shali be made by such Co~rt as an ad:nirtrd eqvi~y and a r anrr of a6sa~te r:ghr to said MORIGAGEE, and w~rnout reference to the ~
A'~ uac or inade uac of the value of tF.e ro rrt mort a ed o~ to tne s~.enc or :r,;o..enc ef said MORiGAGOR or tbt derendants, and ~hat such ~
9 Y G Y P P Y 9 4 ~ y
~•~~a, profits, inco.ne, issues and re~en~es shail be app~~~d 'o~• s~: h Recr~.er ac.ord.ng ro ihe t~en o~ rquity of sa~d MORiGAGEE and the pract~ce of such
LOJf~. '
8. To duty, prert,ptly and ful~y per(orm, d~scha.ge, execute, eife;t, compicrr, co~;:piy w~th and abide by each and every the stipulations, agreements.
_~^ditions and covenanrs ~n sa~d prornissory ncre a~~d !ns morrgage s_•~ forsh.
9. That in the event the ownersfiip of the mortgaged pre~n~ses, o~ anY Fart thereaf, becomes vested in a person other than the MORTGAGOR, the
:'~RTGAGfE, its successors and ass gns, may, without r•once to the .~50RTuhOR, dra~ wrth such wccessor or s.~ccessor in interest with reEerence to this
r~ o-rgage and rhe debt hereby secured in the same man~,er as wnh Gte:rgago• v~ thout in any way vit:ating or d:scharg~ng the l.torsgagors' liab~lity here-
,~~,der or upo~ the debt hcreby secured. No sa`e of ihe ~rr:*.:ses h~,reby mo~tgagrd ard r.o fo~bearance on the part oi the ?dORTGAGEE or its wttessors
,,.a ...ra..~~~., thP ~~~..a f~,. fh~ ~a~m.-m of T~P d~hr h~~~t~e,~ sec.,red a~ven bv ehe ldpRTGAGEE or ~ts successws or au:gns, ahall operate
~o re~tase, d~scharge, modify change or aifect Ihe o+ig~nai ii,u,,.~y ot ti~r A.vRTGAGOR here~n, either in v~he:e o: in pa:t. ~
10. It is spec:f~cally agreed ~har tlme is of the esser~e ef ti~~s co•~nact and that no waiver of any oN~~gat;o~ hereunder w of the obligation se- ;
c~red hereby shail at any time thereafier be heid ro be a vra~Yer of the te:rns hereof or of the ins~rumem secured he~by.
tl. In add t:o~ To thz foregc ~;g ~ronth'y paym ~nrs ot pr~• c;:.~: and ~~`T~'esr requ ~ed 5y tlie p~om isc~y ro'r s;cvred hero~b~. mortgagor covenants
, d agrees to pay ro mo*tgagee :~.~:h rach n~on<h y pj;~.•e•~t an a:i~ ~onal s~^i ~s+ ~ a~ed br rt~ortg3gee ro be equai to i 12 of t;~e an;wal cosr of the follow-
j
~ A-Aq rea~ property taxrs ~ev~_~ er dSS_`55bd ag~~ ~s! rhe ai~o.•e d_sc~~~•_d r~a! esra!e.
8 Fremlums on fire ar.d wlndsro:+r, inwrar~e rs nere~n r~q,.~:red to ~ ca~ried c~ the ic^;:roveme~ts s~tvate on the above descr~bed premises.
C-Prem~u~*~s on such :rortgage guaranty icsura• ce as morty-ay-?e sha:! f:c^ r me !o !~..~r deem fit to carry on the ~oa~ secured hereby.
k
? Mortgaoee sha~l frcm t~me to r~~~:e no•~f~ mcrty~gc. :n hnhr.g of tnr a: o~~~ d~e and payaole he~eundrr and such s~n shail thereupon be due and
.,ab'e on the d~e date of the neRt mor~rn y payn,•~r.t a•~d e.c~~ s~ccess~.e m~•~+h tne:eafi~r uctil mortgagee sha•,{ r.otify moctgago~ ef a change in wch
? ~~nt. S~ch sums st~a:i he apF:'ied 'oy mortga~:e ro.yard tne pa;ment of r~a: pruperty taxes, msurance prem.ums, and mortgage g~aranty inwrance
~ ..~.r~niums. .
~ IN \'lITNESS WHER~OF, the said MORTGAGCR has hercunto set h~s ha~ d ar.d se~i rhe day and year iirst aforesaid. _
3 Signed, Sealed and de~ivered in the presence oE: ( ~
~ ~ • ($eal)
~ - - ^ 7 , ~ ' dDiB 5 . 1C IR (Sea4
~ - %
($eal)
~ - se . n ic ~o ~s~a~~ ~
~
~ SiATE OF FLORIDA ~
SS.
~ CJUNTY OF St . Ll1Cle _ ~
x Befwe me personaily appeared .~dlIIe 5 F. R 1 Ctl00fld _ and ~
~
~z ROS~ Ann Richmond t,~: wife, to me well known and known to me to be
~ the individ~als described in and who exewted the foregoing instrument, and acknowledged before me that they executed the same for 1he purposes !
iheve~n expressed. And the said- ROS~ AT1R Richmon~__
:,:fe of the sa~d .7ames F. R1C~lIIIOtlfj opon a sepa~ate and private
e•am~nat~on by me taken separate and apart from her sa~d husband, acMne~nledged ro and before me that she executed said instrument freely and vo~uo-
_ rar~Vy and w~thout any comp~~sion, constraint, apprehens.o~, q, fear of or from her said husband.
- WITNE55 my hand and ofF;c~at seal th~s_ --_12~.__ _ day of__- Ce:6~eZ A_ D. 19 71
= Not+ry P ~c in and ior the ate,of Florida at lar e j
MY C ~ssion expires: 6~ 7~ ~
Return To. ~h, . ~ ;
- First Federal Savings 8 toan Aswc+a!~on Vr1YARY PUBUC STATE OF FL~ 6, 197~ 5
o; «.t . e~Y Mt~!=AISSION EXPIRES A~• ~tERS. ING '
co.r Fn,rce. Ftor~~. GENERALINSURANCFUNDEi~MR
fILEO Ah? P.EC4RDEp
ST. WC~E COUMTY FlA-
~ . ROC~ ~ POiTRAS ( o ~
t'~ CIERK :Ctllt COURT
- This Instrument Prepared By John W. Collins pF~~Q,~ -~~0~ _
~~3 First Federat Savings & Loan Association
of Fort Pierce , Flor i da ~ ~ 18 10 sa aH ~ 1 ~
~ Checked BY -
sxK 198 8~5 ~soso
. .
-
~ - - . - -