HomeMy WebLinkAbout1262 9. To p'ace and conNnuoui~y leep on fne l.~ gs r,, cr t,_~•~ ,:~r~ r~::ete on sa~d land and on a~~ equ~p~T~rm and per~onally covercd b/ this mo~
ege. w;th alt premwms ihrrton pa.d ~n f„~,, f:.r n e_-~ cr :n :a~,: »:.1 p:• ~cy fo:m, in a swn aEpro+ed br ~he h10R:v:.c:r`_E. an3 ~w~~,dsro
;nwrance in ~he uwd s+andard pol.cy fo~~n, in a s~:~~ e; F~.+.~•d rrta A~JRTGAGEE, in such con•pany or con,;~en~es as ihe 1.:JR1GAtoEE m
d~~eU; and all f~re and wlndeto~m ~ns~r.~^ce po.~:'-s on an~ oS s~ d~..~:d.~gs, any in~eras~ fhe~e~n or part thcreof, in the a99~-9aTe s.:,» aicresa~d
in excess fhereof, thall contain the usual s+a•~.d;~d ~rw`~..gre c-ws~ o~ a~:h o~her c'eute as the Alortgagee may req~~re, mal.ing rne ~oss undrr ~o~d po
c.es, each and every, pa~ab!e to sa~d .ti10RT(,AGEE as ~rs ~~~Trr~st n,av a~>~,ra•, end each and tvery w h po.c/ s~~all be prompt~y assg-:cd a~~d de~.~~red ~
any held by sa:d N10RiGAGEE as fu<<hrr sec.,~~~y to sa,d narrye~r d_~t, a:d. not :ess than ~en (10; d~~s i~ ad.ance of the exp:~at~on ot each po'~c~, to d.
~::er to sa~d MORiG~GiE a renewa+ ~i,c~tof, toyeit~rr w::h a:~ce.,:t to: thc prc:c~~m o4 w:h re~:e:~a!; a~~d ~~~rre sha? be no f~re o~ r~~•ss~c~~n ruuranc
piaced on any of said 6~i~d~ngs, any inreresf there~n or par~ ~I~e~eci, u:~ ~ss ~n ehe fcrm a~~d .v~th ~he :oss pzyau!e as afo.esa~d; and ~n ri,e eyenl dny a~n
of mo~ey becomes payable ~ndrr s~cfi pe.~cy or pol~ues s~~d ,Y.•~kTGA~;E ah.ail hj~e rhe oi.t.on ro~ec_•~vv .:"d ap~'y ~~~e sa~rie on ec:o~.~~ of ~hr u~ua%f~d
ness sewred h2~eoy o~ to perm~t s3 d MORTGAGURS to recr:~e a~d ..se ii or any :>~~r ~t~•~:~•of ~r,r ec~~,. ~.c~ :s~s. ~h ~7 cr
~~g a~y equ~ty. I:en or r~gh~ undrr or by virtue of th~s mortgagc; and m tha evrnt sa d MO~TGAGORS shj'1 for any r<a~on fail to k~~ep the sa:d prem~s_s so ~
nsured, or fail to dei~~e~ prornpfly any of s~~d E.e!,u~ s of ~nw*ar,ce to s e d h50RiGAl•Ef, or fa:. ,uen~pfly to F~ay 1u::y any <<e n thr~cfer or ~n a~~y ;
resprtt fail to periarm, d~scha~gr, exccute, efre:t, canp:ecc. ct :,p!~ •+'~ih and ab,de by ths cova~~a,:t, or an~ p.+rt h~•~eof, sa~d !~1'v2t:»:vEE rnay ace a d f
pay for such ~nsur~nce cr any part ther~wf w~thu:,t wa~„~~~g or ofie, ~ng an~ oYt;o,~, i~en, eq~:~y. or nght ur.de. o~ by v~*i~e of ah:s h~or•gaga, and thc 1
a
amount of each and e.ery s~ch pay:nem sna~i re ~n:~ned~arr~y a~e a~.o ye~~u•e e~:u a~~o~~ u~o~ ti•~ r-.- -
•.e per cenrum per ann~:n and to~.~h~•r ,n~sh s•xh ~nr~. . sr sh,~. ~~~_r. d t:y the l~en of th~s moctgagr.
To permit, commit or suffer no waste, irc.pa~rc~ent or dz+<r,arac~on of i~~d ;;rcperty or any part thereof.
5. To pay e'I and singu!ar the cosrs, charges acd e¦~x~.ses ~n.,~d~~~g a re•;sorab~e a~to~ney's fee and cests of abstracts ot t~Ne, i~currrd or pe~d at
~ny time by s~~d M.ORIGAGEE, because or in the eve~+T o4 ~he f~ ~~re on ti~e pa~r.of ihe s~id MORTGAGOR to duly, pro~~•~p~~y and fu:ly pe~tcrm, d~scnarge
axecute, e~fed, canp:e~e, conp~y w~~h ard abde by e~:h ar.d e._~y ~ne sr~,:~ c~,s, agn••-~nenrs, cond~t~ons, and co~enants of sa~d pro<,~i,i;,ry no~e e~~d ii~~s
rortgage any o~ e~rher, and sa d cos~s, tharges a~~d ex}enses, racn ~nci cvrr~. sna l be inured~ate~y due and payab:e; whethe~ or r,of thrre Ce noT~te d~
~.a~d, atte~r.pt to co:lect or wn pend~r.q; and ~hr f~i: a~~wunt ci ?ach a: d r:r~; s~ch payn:ent si~~li bea~ interest from the da~e ~hzreof ~n~il pald at tl,e
uj ~~ne per crnt„m p~~r on•~;,-~; ae~d au sa~d COSti. Ch3r32i a~d s_s ~ncv:red or pa~d. Iogrther w~th sucfi imerest, sh~ll be secured by tne i~rn of this 1
mortgag~.
G. Tha~ (a) in the event of a~y brrach of rh~s AM1ocrgage or CI~'3J~:~ o~ rhe p3rt of the ,M.ORTG.'1GOR, or ;b) in the event any of sa d sums of money
~erein ~efenrd to be not prc~~~pr;y dnCl fJ•:/ v3id w~'i~i~i Th.~ty 3 i. d:,rs a•'•:r i!,e s.~ ne ae:e•a''7 6eca~ie due and payab!e, W~~r~o~t dz~.~a~,d or notice.
in the event each and every fhe snpu at,ons, agree~Te~iTS. cc :f.'~o^~s j~d co~enanta ot sa d prom~ssory no~e and th•s mortgage any or enher are not
i.,.y, promptly and f~!iy perfo~med, d s:ha*g_•c, e.~ecured, e~fecr.-d. co:nF:er co~n;,t.ed w~+h and ab~d~rd Sy, then in e,ther or any such even? fhe sa~d ag
y•eyate sum mennoned in sa~d ~ror.~~uory nc1e then rrn•a~~~~~~g ~r.p,a:d. r.nh ~~~•rrc;t ac::ued, a~~d a;: ~no~e~s secured hereLy, shatt become due and pay-
~c e fo~~hrvlth, or thereafter, at :he op!~on ot i~~d f.tOK~G:av:E as lu::y a~~ co*•~;.:e•e•; es ]f a~l of th~- sa•d sums of money were or~g~nasiy s~.pv:ated
o b~ pa d on such dcy, anything m sa.d pro r..sscry nese or ~n t~:~s '.~a:tya3a re ihe cemra~y not.v~thsta~:d::~g; and ~hereupon or tnerratt.~r at the opt:on of
s= d MORTGAGEE, v.rthc~t no!~ce or demar.d, sv~t at lov~ or ~n eq:~~r, ti~_rric~e or tnereaiter n~gvn, may br prosecuted as if all money• sewred hereby
r:.:d mat~red pr,or to ~ts ~~sT~tv+~on.
7. That in the eve~t shat at tFe beg+nr.;ng of or at an~ nme 4~end~•~g any su~t ~pon thh Mortgage, or to fwectoss it, or to reiorm it, or to enforce
f ~;ment of any c'~a~ms hare~r.der, sn~d 1dpRTG:.GfE sha ; eF.~,;y ro ri,,.• Cc,:~+ ha.;~.g ;u~~sd cf.on thereof for the appo~ntment oi a Rece~~er, s~ch Court shail ~
ic~~hwith appe~nt a recei+e~ cf sa~d mortgagrd p~ope~t; a:i a:sd s~~~g~.a~, ~nc,_;i ng o,~ a+~o s~~:gu~ar ihr icco+ne, pro(its, iswPs ar.d re.~rnurs from wh3te~:er ~
s; .•ce dr~ived, each ar,d every cf wh ch, ~t be~ng express Y ~nd.•rs•o:.i ~i !e:•.: ~ mongoged as ~f spec fica!;y set forih and desv~6ed in the granring a~~d
,bendum ciauses hereof, and s~ch Rece~.•er sha~i ha+e a~i rhe F,•_~d a• c~ r~~~-c•..~• ~u~~u o~~s a.,d po.,~e~s in anyw~se enrr~sted by a Ccur~ !o a Recewer, a~~,d
s.:h appo~ntment sheti be m~de by such Court as an ad -,mro eq.,~~ a~~d a~• a~ser of atso:ute r:gM to sa~d MORTGAGEE, and w~:hcut reference to fhe
ci_quacy w inedequac~ of ihe value of the p~operry m.o~~g~~ed o~ ro i~.•. s: :e~cy er ,nso ~rncy of sa~d MORiGAGOR a the delenda^ts, a^d ihar such
•^rs, prof~ts, inco~ne, nsves and reven;.es sha~i be app.~eo cy SJCF Rec_~.<r a•_:ord~ng to the {~en or rq~ity of sa~d MORiGAGEE and ihe pract~ce of such
CouA. -
8. To du'.y, prompt:y and fvi~y pe~`orm, d~scha~ge, exec..~e, ef>ece. co~*-,+,:etr, comply w~th and abide by each and every fhe stipufaticns, agreerneMS,
cc^d,tions and covenants m sa~d promissory no~e ar.d th.s :~..:rt~3 e~t fo~th !
9. That in the event the owne.shf of ~he n~ort d e•~ :s,s c~ a:• ~~t therecf, 6ecomes vested in a rson other than the MORiGAGOR, the ~
P 9^4=" F~ . F Pe
A' ~RTGAGEE, irs s~ccessors and ass:g,:s, rray, w:~F.our rcr,ce ru e':.~Civ~O~. dea~ .v:th s~ch s~ccessor or suuessor mterev wnh reference to this
,•~gage ar:d rhe d_b~ hereby sewred in rFe same mann~r as .~+~~h '.:_~~33go~ +Y.thour ~n a~y way vit,aring or d~scharg~ng the Il~orfgagori liab~i~ty here- ?
rrder or ~pon the debt hereby sew~ed. No sa:e ot "e Frr^.~s^s h_~roy r..o•tg„yrd a.^d no forhearance on fhe pan pf the IJIORiGAGEE or its suc[essors
o• ass~gns and no eate~•sion of the t,;nz fo~ the {:ayn-.en+ oi ti,a d~ t;• F:• y secu~ed g~ven by the R10RTGAGEE or its svccessora or aas.gns, a~~ail operate
, ro retease, dscharge, mctl~ty c!:a~~ge or atrect me o•~y:^.ai :,au...r~ oT ir.e ti•VA~VMVIJK i,erc~n, CIif~Cf ~n wi~v~r a.~ in No+i.
10- h is spec~ficatiy zg~eed tha+ ti~ne is of the esse ce cf fh!s ce~~~racf and that no waiver of any ob'~ganon hereunder or of the obiigation se-
~ c~red hereby shalt at any nme th>_reafter be he:d to be a wa~.~~r ct the tec~ns hereof or of the i:utrurnent secured he~by.
~ 1 I_ in ~ id t:o~ to the forego ~~g ~~•e~!%~'y payn~^ntz c' : ~„I a~:d ~•~<i°es* re,u•red 6y the prom sscry no'r s^tured her.,br, morr~,~or covenants
~ 3 d ag~ees ro~ay ro r*~.c-tgagee h~'h eacn cnrh y:•af~ e:~r on ;,ci-: ..,~~at 5._::, ._s• - ared mortyegee to be equa: to l. 12 of tfla ~n:,ual cost of the foiiow-
s
~ A-:,II ~eat Frop•_.rr~ ta¦es len_d or ass~~ss•_:i ~y+~•+s+ a: ~.r• d.~sc•;'~ d r_ai es~a!e.
c
; B- F~_:-.~ r,s en f~re an3 v~~::d5!O'~n ~rsu~_r:e az ne<<.~r ~:-q_ r:i To b_ ca^:• d c~~ fhe :m;:rovrr+e~ts s:tuate on thr above d:sc-~bed preo~~ses.
t C-Pre~~:~w•s on wch m.ortg;ge g~arsnry irs~ra~.c? as ~*•o•ty.,~ee sn3~i 4r ~~~.e to ':~ne drem fit to earry on the loan secured hereby.
: ldartgagee s~a'i `~cm r~~~,e to r~Te ncr:!~ n~Grtya7C~ :n ..~n.~.g ot tnr a Jo- ~r d~~a and payabie hereundar and such s~-n shatl there~pon be due and
r . ~b!e on th,,• d~e cate of the n~•xt ^~O•~th ~ p,,~m.zrt ar•d e.::~, _~_.c~ss~.e „:rn tr:ereafi~r ~r,t~i mortgayee shall not!iy morfg•,gor of a chanye in such
~ ,~un*. Such sums sFj: 'te e:.~.~ed by morryeg:r to:.a•d r.e p.~,`•ent ot r_•;: p.cp r.~ raxes, insvra.ue prem.um5, and mortgage guaranty insurance
~ ~ F=~^.ium:.
~ IN ~~ITNESS :YH;REOf, the sa~d MORTGAGCR has hereu~to se! nis har.d and ~ai the day d year first aforesa d.
~ S~gned, Sealed ard de'~vere~ ~n the p~esence of: FIL~p ~M:i ~E6~Zq~~ ~
r • 1 ~t. ~ilC1~ C~JN Y FI • t ~
~ %-~-t-~~~u--- ROC_~ P:)~1R~S ^ J Dale L• . mit'~ ~ (seaq
. F- ~~~RK ~ ~';:,t11T "vOURj ~ ' (Seap
R~ C ~ R F i= a~.+sw~~ ~ ~/1 1..~ ,l o (Sea q
~ - ~ 4 ~~PH ~ 1 ~ .1~a] -tha A. 4nith _t5eal)
S?ATE OF fLORIDA
~ _~~NTY Of St _ Ls~ 221311
~ , Da le E. 5'!11 t h_ _ and
Befwe me persona~ly appeared
~ _ }ldl tha . SIDlth h~s wite, to me well kwpyHi and kgowo to me to be
~~.e ind~viduais descr;bed in and who exewted the forego;ng initr~menf, and acknowledged before me that they eaecutsd .Nyt i~¢M`f01_ the purposes
ihe~ein expressed. And the said_ _-~~ar t ha A_ SR! l t fl ~
' ::,~c of the sa~d _--~le. F i_ Smlttl - - ind privsta
i
e.a-r+~r.at~on by me taien se~a.ate and apart from he. sa~d husband, ackno«!edged to and before me tFat she exeeutQd wid•instr fr~ety and voturr
r '
~e•i'ry and w;thout any CUT~~U~1~0f1, constrair.t, apprehens,on, or fear oi or f:om her said husband. ~ • '
~Q~l da ce:~be r = ' ' 71
WITNE55 my hard and offic~al sea! this. ef. - A. D• 19
Notary Pub~ic in and fo~ th{•Stat of Fbijda }i t~r9e
~ My Comm~ssion expires: _
~
_ Ret~rn To: '~O1qRY'Pti~1,~'.-3fATlfit FtCo~DA at LAR6E
Fi~st federal $av~n s~ loan Associat,o~ .~c ; v
g ''#,i~..'S~ J( . . ~ ~ . 1515
. oc ~~.r P., Bonded By ~~-erinrt Barkers tnswance ~:o.
Fort P~..•ce. f~~r:;i, ~ !
=:i ~s ~
'-,y 9, j ~ s
" This Instrument Prepared By John l+'. Collin5 ~
~
First Federal Savings 8 Loan Assoc~aticn ~
_ ,
of Fort Pierce , Flor ida ~
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,
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Checked BY - - U R
_ - - 800K ~ 70 P~ICCf ~
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