HomeMy WebLinkAbout1523 3. To p'ace and car:t~nuo~st; keep a~ ~!•r t~ d•,3s ~c.,~ o~ ti:r ~-+~~r. ea~ite en s,~~ ~and and on a!I eqwp,-~ent and personaily ce.rrrd 6y th~s mor
ege. w~th all pren:iu:na thereon pa,d ~n fu:!, i:re ~n:...~o. c: n;r,_ ;..il s~., ~y,•d po ~cy form, in a s~T+ a~.p~o.rd D~ 1he fdv12.:,%:v:~. a~.J ~n~~~dsto
nwrance in the usual stinda~d pu..cy fa~n, in a c~~n a, p~c.=d i,, +nr 1.!ORTGaGfE, in such ccrrpa~~y or cu•rpan~es as ~ne A'0~1~AGEE m
d~ieU; a~d all 1~re and w;ndstcrm ~ni.,+ance po:~c.rs on ;nt of s.+ d bv~~d.~gs, any interest ther~,n or pa~~ thereof, in the agg~eya~e s,;m afo~esa~d
~n excess thereoF, ihall :onrain ihe usUal sfa~•dard n,ortg.,gae c.a.:se or s~ch oiher c~.~~se as the hlortga~ee may req~.re, makmg tne ,csi u~dar s~~d po
c,es, each and every, paya5'e to sa•d :.10R7i,AGfE as ~s ,cirr_st n:ay e, pea., a••cf eacn and lvery nuch po ~c~ sF~a~t ue ~.romptty ass 9•~rd o~~d de~,ye~rd ~
any held by sa~d ~~~ORIG.AGtE as iw~~er s_.ur~ry to sa~d o'tg_yc d_::r, a:•d. not :esa than ~en ~1~~ days .~d:r~te oi the eaF~rat;en of each po:~cy, to d~
I,ve~ ro sa~d h10RIGAGEE a renewai thereof, toge~her ~n~th a r~~~c,:t tor ~h_ pre:~~.~vm of such rer,e.~a:: a^d thrre aha~i be no Lre .:r a~~ ~sco•~~~ r~.suranc
p:aced on any of sa~d bu~!d~•~gs, any ~n~rrest thrrr~n or pa~t ~F~rreoi, i~ ~~es :n ~he fcrm a~~d w~eh the oss patie~le ~s ajcresa~d: a~.d ~~e e.e~~t a,~y s.:n
oi monay beco:»es payab!e ur.der scch po:~cy or poi:c~es se~d .'.~RTG~GiE s~~~11 have rhe opr.e~ fo reca~:e ~~•d ap~iy ~na sa:ne o:+ accouit of ihe ~~~dre~rd
nrss sec~red her~by or to orrm~t sa;d MORTGAGORS ro rece;.e a,.d ~se It or ;.y ~r ~r,.,:.,of e~:... c.:~: :,s<: m.•.... c~ •
~ng any equ:ty, i;en or n~ht undrr or by v~r~~e of th~s m;,r~y.~y~•; e~d ~n tha eve~t sa d A~Oe2TGAGORS sha~l `o~ any ~rason fa~t to krrp rhe io.d p~e~~~s_s so ?
:nsu~ed. or faii to dei~ve~ pranptly any of said Fo~:c~-s ~f ~nwr;"ce ro sa d~\tiO~TGAGiE, er r~~! p:o-rp!~y to pay f~:;y any p~r tn<«tor or ~n a~r
respect fail to peiform, d:scha~ge. eae.utr, efiect, comp:rtr, co~~~~y ,n~~h and a~~de by th~s tovani•it, o~ any u.~:t h.reof, srd f.~~,RT,~yG_E n~ay p•aca a o
_u_ , ~ .w_ 4
pai for such insursnce or any pan thrreo~ w,tho~t waiv~~,g ar ait•_.iu~y eny o;,t.~~ti, iia~~, eq~,Ty, ur r~ynt u:.s:., t:; ::r--e = s.s'•° ' .
t,;~1 amovnt oi each and e:ery :uch paymrn+ sha:l be ~m~nrd~atei~ d~e a~:d ~a~abtr and sho~l brar inter~sr trcm thr dare nc~r,:of u~v~t p.,~d,at the rote of ~t
,.;~r yrr Crr~tv~a }.r~ a~-~~~v~n o~:J ,G~~L~ct .~.'.h s~: .~n::r~s: :h~.. s_:._r..-1 by th? ~ien of th;s mOrtga3e. 1
1. To permit, commit or suffer no waste, impa:rr.~a nt or dzr r.or~:~on JT sa~d property or any part therrof. ~
5. To pay all and s~~g~~a. the costs, charges and expe~:srs l^ciud~~~q a rra;onable anO~~ey~s fee ar.d cosrs of abs:racts of t~r'e, Encurred or paid at
.~~y time by sa~d h10RiGAGEE, Secause or in the eve~~t of tn~ fa•::,re on thr cart of tre sa~d 1.10RiGAGOR to duly, pro,~•ptly and f~uy pe~TCrm, d~sc~+erge
>xecute, effea, tomplete, comply w~th a~~d ab de by each and r~ery the st~r•~,a!:or.s, agree:r.en!s, co~d+t+ons, and tevena~~ts of aa~d pro~n~;sory note a-~d th;s
,:orrga9e any or enher, and aa:d cosrs, charges and expens~•s, eacn ~nJ r.e~y. :haii be ;n,~^ed~a~ety due and payab:e; wF.erher or not rhr~e be no~,ce d~
mand, dttempt to to~iett or S~it pend.~~g; and the fuit a~nount er each ar`d eve~v such payment shaii eea~ inte•est from the datr th+reof untii paid at tht
•:r~~ o~ nfne oer centum }•rr an:;~ n; ~-~d ai1 sa~d costs, cha:grs a~.1 ca~,~ s~s •~cu:red or pa~d, rogethet ~v~th such interest, shall be sacurrd by the I~rn of th~f
mortgage.
6. That (a) in the svent of any breach of this Mortgage or deiau'r cn ~1,.: part of the b'.CRTG+~GOR, or ;b) in the event any of sa d s~ms of money
herein referrrd to be not pro~nptty and fu'ly pa~d .ti~!~~~n th ~ty ,3J d_,s r~..f a•?cr the s~ ~~.e sr.e~a'iy beco:•ie due and pa~ab!e, w~ii:o~t demand or net~ce,
_r ;cj in thr evem each ar.d every the sr:pu:at~ons, a~recments, cc~'.d,:.o.~s ar.d covenanTS of sa d prom,ssory norr and th.s mortgage any o~ e~~hrr a±e na1
i„!y, pro:npNy and f~lly prrformed, dscharged, e+ee:wed. effectr-d, co~nptrred, co•r.p!!ed w~+h and ac~ded 5y, then in e:the~ or any such event the sa~d ag
3rega!e sum mentioned in sa~d pronussory nore ihen remami;,g w:Fa:d, w~trt ~nrrre;r ac,r~ed, and a•i moneys secured hereby, shali bewrne due and pa~-
e~ e forthw~th, or therzaftrr, at the opt~on of se~d AtORSv%+G~E. as f~:!y an:~ comF'erc~y as ~f a;i of the sa:d s~ms ef money v.e~e o~:gu~a~ly st~p~iated
a be pa~d on such dzy, anyth~n9 in sa d pro:*~;ssory r.c!e or in tn~s f.~o~tg~~r to the con~ra~y nor,rrhstand~:ig; and thereupon Or there3fter at fhe op~~on of
~,.d MpRTGAGEE, w~thout nonce or demar.d. surt at taw or in e~u,ty, ri~e~eTUre or therraiTer begun, mav be prosec~ted as ~f ail moneys secured hereby
r._d matured pnot to ~ts i+~st~.ut~on.
7. That in the event that at the beginn:ng ef or at any t~~,ne oenc~ng any su;t veon th~s h1o•tgage, or to foreclose it, or to reform it, or to enforce
Fayment of any ds~ms hereunder, sald MORTGAGEE sha~l app~~ to ri:~• Co~~r hsv~rg ;;,•:sdcr,or. f~ereo` for ~he appo~nrment of a Rece~ver, such Court sh3~l
crrhwith appo~nt a rece~ver o; sa:d mo~rgagrd prop~~tr a!! a~d s~n•yv:a!. i^c uJ ~~g a~: a:•d s:~,g~~ar thr ~^con~e, p~ohrs. issues ar.d reven,,es fro~n wh,taver
s,-.,•ce denved, each and eve.y of wh::h, ~r be~ng exp,^ass'y und~~s~o.d ~s ~e~_~; me~~g~g_•d as ~f spec.f~ca!ty set forrh a~d dexnbrd in the granr~„g and
~:~endum t:auses hereof, and such Rece~rer shaii have a~t rhr b•~ad a~ d r'sec• .e iu^:: c~~s and po.,ers ~n anyw~se entrusted by a Co.,~t to a Recri~er, a•~d
s_:h appointment shall be made by wch Ccurt as an ad ~~rr~d eq~~r; a~~d e^ ae'er of aLso ~te r~gnt to sa;d hSJRiGAGEE, and w+thcut reference to tne
±:i_q~acy or inadeqvacy of the vaiue of the prote~ty mo~~gaged o+ to ~r : s_ ~z:~cy er :nso .ency of sa~d MOF:GAGOR or the drsenda~ts, a•id that such
~~rs, profits, inco.ne, iswes and re~enues sha,i be app~~ed oy soch Rec~•~.~r ~„ord.:~g ro rhe i~en or equ~ry of sa.d MORiGAGEE ar.d tne p~act~ce of 3uch
Co~rf.
8. To du~y, prom.pt!y and fu!!y per!orm, ci~srharge, eaecu~e, eT`c:~, co.~p _re, comply v~,~th and abide by each and every the s!ipu~ations, ag:eements, !
:or.ditions and covrnams in sa~d promissory note .,:~d tn:s r..or.3~3e srf to~;n ~
9. That in the event the ownership of ehe rr.or!nagrd pre^~ ses, o- a~,~ part tnereof, becomes vesred in a pe~wn other than !he MQRTGAGOR, the
~RTGAGEE, its successors and ass;gns, may, w:rhour r.os.ce ro +he :tJkTG~~R, dea~ w~rh wch successor or successor ~n ~nteresr «,rh ~eirrence to th~s
o•'gage and the d^b1 hereby secured in the Same mar.n~~r as ~n~th .`;;r!~ogo~ w~thout in any way vit:ating or d~scharg~ng tbe Mart9agOri' liability her~
.~der or upo~ the debt heraby sec~~red. No saie o3 fhe pr^ s~~s F.,r~•b; •nor~gaged ard no fo:bearance on the part of rhe GIORiGAG[E or its successors
~ , r ass~gns and no extens[on of the t~~ne tc~r th~ payn:ent or n.e dcbe h:.,ery sec•~red g:~en by tne 1hvKTGRGcE or irs wccessors or esaly~~s, a;:a~1 uNcro~e
i ro re!ease, d:scharge, modify change or affect tne eng~na+ ~~a~.::ty ot the t.',vRtvAGOR herein, either in who~e or in part.
10. It is spec~fiL3~I~/ agreed tha! tfine ~s of rhe esse^ce of rh~s co~aracr a~~d that Ro waiver of any ob';gat;on hereunder or of the obligation se-
~ c~~ed hereby shal~ at any time thrreafter be heid to be a wu~~er of the te:r-~s hereof or of the insrrumem secwed hefby.
~ 11. in a:idtio~ to the fo~ege~~~ ~r,onth'~ pay~r~ent; o` :r~'c:'~i and ~•_resr requ~red 'oy the p~om:ssory ne•e secured hereby. mo:tgj~or ~ovenants
E agrers !o pay to ma~gagec .+~;h each ~rcn~h y;,a,: e:,t an a,;.i ~al s.:•~~. - a~ed b; mo~rg3gee to br equai to 1 i2 of tl:e a~~: uaf cost of the fotiow-
i
P
~ A-A~I reaf propcrty taxrs 'ev,_d e. ass_<_s~d .,~.i~ r:..: e: ~_e d_sc~r; ~i ~i es•are_
~ 6-Pr~•~:~u^s on flre ar.d .+~!~~dste••n :nwra• ce as ~ie:r ~:q~ ~ed 1~ b~r ca~ ~^;;~ov=-n~ots s~uate on tF_ above d_sc~~bed prem~ses.
C-Prem~ur-s on such rnorr~:;ge q~a~anty ~rs~•a•;e ~~s ~no•ty~y_e sn3,~ 'r. •..re !o .~.e drrm f~t to carry on the ioan secv:ed hareby.
~ hlorfgagee s'~a ~`•:.•n ~:-~a tc r-e nc+~f; e t s3c- n r.~.• ~~g ef ine o_~+ d~~ and pa~a~te hereundrr and wch s„~, sha'.~ f~~i'f2u~:Jf1 be due a~~d
< ,,able on rhe duz n.3 _ of !h•~ next ~.~o~th ; F.ay _;r a~~d e c`~ s..,ce~s~.e ~ c,• th t-.creaft:r u: ti! mcrtgay^ee shall not:fy mo•!ga~or of a cnange in sucn
~uM. S~ch sums s~a,l !~e app i~'d bV rnOTtc~dy-:c` tO::a•d ti~e Na.:-+ent o4 re;' p~.pe~ty taxes, insvra.~:e prem:~ms, a:~d mortgage guaranty insvrartte
. Pmil:(RS.
IN \'JITNESS '.ti'HERFO~: the sa~d AROR~GAGOR has here~~tc ser h~s h~~-d ar.d scal the day and year f s afo ai
~
~ Signed, Sealed and detiver in the p~esence of:
~ - ' • (Seal) ~
~ _ Jahn ter Hebb Sr. ~~a~~
,e _
(Seaq
~ ~ - - - ~ Ge e S . Heb~ tseai~
~
~ S~r+TE OF FLORIDA 1
Sti
. T,Z:C ~e ~ SS
e;~ : OU.JTY Of - ~
~ John Walter Hebb, Sr.
~ Before me personally appeared _ ~
Gene S. :iebb
his wife, to me wrll krtown and known to me to be
rh_ individvals descr~bed in and who eaecuted the forrgoing instrument, and acknovrledged before me that they executed the same for tha putpqs~
rherein expressed. And the said_____ _ ~T1E' S. Hebb ~
John ~+'alter Hebb Sr. ~
,.~fe of ahe sa~d , upon a`i~Parsla'and p?fvate
- e~am~nat~on by me taken separate and apart fcom her se~d hvsba^d. acknow!edged to and before me that she executed sa~d instruR:~nt f~ly and vofyn+
rarily and wrthout a~y compu:s~on, co~~stramt, apprehens.o or fear of or f~om her said 'nusband. , `s~ '
_ W17NES5 my hand and off~c~al seat th~s _ d~y of_-___ _~-'Cf.'I.^i~'I' -'q. ~q~~~:,
_a ~ Q~_ -
j~tary Public in and r the State of Fbrida,*t•1?1~..••i .
My Commission eapires: O~ j~.y
Retum To: ( ~
First Federal Savings 3 loan Assoc~at:on ~N~ FECORdE~
4~ O! Fc~t P, cr $1~WClE CP(V1NRj5`~
Fo~f P~,+:e Fi;_r~da RRR C,:'CUIT i.OURj,~~~L '
CtE rP F!=0...~~+~~- i
_ oEC!1FD ~ '
= `.u 2 47 PN'~Z '
This Instrument Prepared By ,.T:. 5r~it::i JA~
? First Federal Savings 8 ioan Association
of Fort Pierce, :~lorida 2~'~ ~
'':V: Checked BY
_~Q
s~~K~98 PACE1521
r_a
,
~ ,