HomeMy WebLinkAbout1995 3. To place a~d continuo~iiy ketp o~ the b~~ d~~:gs ne+v or i.ere,teer ~n~jte on sa~d ~and a~d on aii eq~ipmrnt dnd ptrsOn~liy covere~l Ly th~a mor !
ege, w~th ait p~em~ums ~hercon pad in fuI!, f~re i~.s:.ro~~:e ~hr ~swl sr~~~d~~d po'~cy iorm, in a s~m a~proved by ~he MOR~v%~t;~E, a~~d w~:~dsro ~
nwrance in the usual s1jndard po!.cy io~~n, ~n a i~m a~provrd tr ihe A1JRiGAGEE, in such company or co~npan:es as ttK 1lORI"vAGEE .
d~rect; and all iire dnd winclstcrm insu•ante po'~c~es on any oi sa,d bu~id.~+gs, any interest therein or pan fhereof, in the ~ggregere sum afo~esa~d ~
in excess thereoi, s!,all :ontain ~he vwal sta~dard r.,atg~e~re c:ause er s~•ch o~her c!a~se as the Mo~~ga9ee may requ:re, ma?ing tha wss ~+~drr ~a~d po
c~es, each and every, pa~ab~e ro sa~d ~~ORTGAGfE as ~ts ~n~er.st may ay;pear, a~d each and every wch po.~c~ ~hall tx p~omptiy ass g~~ed end dr.~verrd '
any held by sa;d AtORiGAGEE as ~u~iher srcu~~ty fo sa~d r,o~~y~3e d_or, a:~d, ~or :ess than ~rn t101 da~s i~ ad.a~~ce of ~he e~p~:at:on oi each poi~cy, to d. !
!~ver t0 aaid A10RiGAGEE a renewal the~eof, ~oge+he~ vrith a rete ~ t for ih_ prr:~,;~m of such renc~a~• and there ah~ii be no f~re or wu~ds~o~m insurant
placed on any of sa+d b~i!dmgs, a~y mie~est tF.ere,n or part rherrc+, u~~.'esa ~n ine form a~~d wnh the toss payab:e as afcresaid; ar.d in the event any sun
oF money becomes payab~e ~nder s..ch polky w pe~~ues se~d MORiG:.GEE sh.~ll hive ~he opt.on to rrccive and app!y the same on ~ccount o1 the u~rb!rd
ness secured hereby a ~o permit sa~d MORTGAGORS to rece+.e and use ir o~ a~~~ c.•r ~t~_.rof fcr o~~:•r Hu~, oses, .~:~~~~o.: ~h,•;o. cr ~-.p.,..
mg any equ~ty, iien w~~9h~ under w by viriue of th.s mcrcgaga; and ,n ihe evrnt sj O MORTIiAvORS s~+a;~ ior any reason fa~i ~o Krrp ~he sa;d prem=ses so
~r~surrd, or fail to de:~ver pro~nµiiy any of sa~d po~:c~=s ct ~~~s~•~~~;e to sa.d MORTG:.GEf, cr t~~': ~~o:np~,y ro F•ey 1u•iy any pre ~~:.~n therefor o. a~y
~espect fail to perform, d:scha;ge, eiec~re, eifect, ca~~p•eie, co ~~H~y •.v~h and a5~de by th~s covana•v, o+ any part hareof, sr~d MORi;;AGfE may p~ace a~o
pay 1w such insurance or any part thareuf ,~~rheut ~va~ving or aii«f~ng any opt on. Len, eg~:~y, or r~~h~ unde~ o~ by vletue of ih~s hlo:tgage, and fhc
f;;l{ amount of each a~d e~ery sv:h pa~mrnt shail bc ~ir.+ned~atety d_r and payab:e and s!+ail brer intzrrst from tha date thcreof ~mil po~d at the rate ot
.^e per tentum per annum and toy-ntrr ,n:th such int_~car sn,,~: s~~..,:e~ L~ the lien of ~h~s mortga9c.
1. To {xrmit, commit w suffer no waite, impa~rment or .~"rter~0'e~~J~ of sa+a p~operty w any part thereof.
5. To pay all and s~nguiar the cosrs, charges and experses, in::udn,~ a reo>onab'e afrorney's fee a~d cosrs of abstracn of tiNe, incurred or pa~d a~
a~y t~n:e by sa~d MORiGAG~E, beca~se or in :he event oi ~he fa l~~re on mr ;,aft of il~e sa~d MORiGaGOR to du~y. pra~~ptiy and f~~ty pe~form, d~scharge
a.ecute, effect, comp:efe, co~nply wrth a~~d ab.de by each and e.e~y ~hc st~p~.a? ens, egree:>>rnts, co~d+t~ons, and co~enams of sa~d pfo~n:ssory ~ote ar.d ~h~s
,,ortgage any or either, and sa.d [osts, charges a~~d exFenses, cj:h and e~r~y, shai~ be immrdiately due and payabie; v~hether or not ~here be not~ce dr
~.and, atreTpt to co;i~t or sun pe~~d~~g; and the fui: r-nour:i er each a~~d e~er; wc:^. parment shai~ bea. ;nraresf from ~he da+e thereof until pa~d at the
~.~•e o' mne per cent~m ;nr a~i:~~•rn; cr.d ai! sa~d cos~s. cna:~~•s a~a .i<s ,rsu~red or pa:d, togrther w~th such ~nterest, ~hall bn sxured by the lien of ih,~
mO~t9age. +
6. Tha~ (a) in the event of any breach of this Mo~tgage or deia~!e on ~he part of fhe h'.On^7GAGOR, or ;b) in the event any of sa:d sums of nwney ;
here~n referred to be no~ prc~rnptiy and f~:iy pa~d v.nhin ih.~t~ ,3.; d~;s ~~ext a~rrr fE,z sa*~e ee.e~a':y ae:o~-~e due and payab!e, wi~hou~ demand o+ not~cr. ~
~r (c) in thr event each and every the stipu~at~o~s. agrerments. co~~~~~:o~i and to.enan~s of sa d F~om~ssory note and fh~s morrgage any or eithe~ aie not ~
~uiy, p:omptly and f~Ily Ferfo:med, dscharg~d, e~ecuted. e4fcctrd. co.mp:eted, comrs:ed w~ih ard a5~ded 5y, then in e~~he~ or any s~ch event the sa;d ag
~,•rga~a svm ment~oned in sa~d prom~ssory n;,te thrn rema~r.ing ~~:ra~d, +v~th +~:rr~r:,~ acuued, and a~: moneys aec~red hereby, shall become due and par- i
ao r fortfiw~th, or tl:ereafter, a~ fhe op•~on c9 se.d tA0~2Tv~GiE, as fu:ry a~~ co^~p:e~e:y as ii ai~ of thr s~~d suma of money were o~~g~natly st~pv;ated
o be pa:d On suth d~y, dnything in Sa d p!o~n~ssory nc!e o~ m tnis '.1ort~c~•~ to the co~~!'ary not,v,thsta~~d:ng; and lhercupCn or thetea~tet a~ the OphOn of ~
s=,d MORTGAGEE, w~thout nor~ce or demand, su~t at iaw or in e.;~~t~, in:~r`cre or thereaiier beg~n, may be prosecuted ae if al! moneys secured Fxreby ~
r d matured pr~or to ~ts ~nstitunon.
7. Tna+ in tne e~ent met af ~i,e beginn :ig ui « et a~~y N~~~.; ,:y _..;t ~ ;h~s ~-t-y,:-ye . f~.c:! . ,~c~•••~ e•,i~•~•
,a:ment of any ua~ms he~eur.d~r, said A!OR?G~.GfE sha;~ sFp~~ te ih~ G~~•t h,.~rg ;w~sd.c'.on•tre:i•o4 fCr the app~~ntment of a Rece~ver, such Court ahaii ~
~r~hwirh appomt a recei~er of said mortgaged property a:l and s~~~gu,a~, i~::ud ~g a;~ ar.d s~>>g~'ar ~~:e income, profrts, ~ssues and revenues from whatever
s-.;-ce derived, each end e~ery of wh ch, n be,ng ¢xprESS ~ unders•oati. ~s ~er_~c~ TCft~3j_•d as 'rf speoF~ca:ty sN forth and desc.Ebed in the granr~ng and
t:3bendum uauses hereof, and s~ch Receiver sF.jn have a:i ~he o~.,oa o• d~'iec•:.r iurc~ e~.s a~d po.vers in anyw~se emrusted by a Court to a Recei~er, and
s_:h appointment shalt be rade by such Coo~t as an ad ^.i~rrd equ„r a~~d a^ a~eer ef a! so:~~r r:ght to said MOitTGAGEE, ar+d wishout reference to ihe
rdeq~acy or inadeq.~aty of the va:ue of the property me~~gaged or r~ rr;_ .~~~,cy er :n;c.ve~cy ot sa~d MORTGAGOR or the defendants, and ~hat such
a••TS, profin, inco,ne, issues and reven,,es sha~~ be ap~.~ed by s~ch Rec_+.er aco:a.~~g to the ~~en ar eq~ity of sa~d MORTGAGEE and the pract~ce of such
Cout1.
8. To du!y, prompt!y and fu;~y pe~form, d~scha~ge, execut~, e{:c:t coT,p.~te, ca~-+pl~ v:nh and ab~de by each and every the stipu~ations, agreemeMS, ~
:onditiorts and covenants ~n sa~d prorn~ssory note a~~o tns n.~rig3~r srr ve•ri,
~
9. That in the e~ent the ownersh~p of tn> mcr.gaged pre^ .ses. c- a,y p~*t tnerecf, beco+nes vested in a person other ihan fhe MORTGAGOR, the ~
.'~RTGAGEE, its wccesson ar.d ass:gr.s, may, w'.~hou~ n~~.ce to T^e ~.JRiG~~•R, deai wnh such s~ccessw or successo~ in :nterest wifh reference to this
r,ytgage ana the d_bt hereby secured in tne same manr.~r as n~'h :'._~~j~go~ w.rh~ut ~n any way vit.ating or d:scharging the /.lorrgagors' liab~lrty here- '
_^de+ or upon the debt he~rby sec~~~ed. No sa:e of ~ne E•e~ ~ses h,r~b, ~no•'g~ard ard no forbearance on the part of ~he 1AORTGF.GEE or its successors
c~ assigns and no exte~s:on of :he t~c,e~ f~r the ~aymem of the deb~ hc•.~~,y sec.+red g~ven by the N,ORTGAvEE or its successors or ass:gna, aliall operate
ro re!ease, d~scharge, mod~fy cnanye or affect tF.e w~g.nai Ga~~..ry of it,e /.',ORTGAGOR herem, either in whote or in part.
~ 10. It is spec~f~ca~ly agreed *naf time ~s of r~,e esserce :,f rh:s corsra:r and that ro waiver of any obf~gat:on hereunder or of the ob:igation sr
! r.:~ed hereby sha:i at an~ t~me rherea+rer be hcid to be a v~o~ve~ of the term,s hereof or of the i~strument sewred he~by.
! 11. In ;dd t,o~ 'o ere io~egc cn±n'y parTrr:!s e` and ~.,~s• ~e~~,red bf the prom sscry nc~e s=.u~ed he~t~tr, mortga~or covenants
i d agrees to pay to mo-igagee ti.'h rach r,•on•h'y pa;~ e~:+ sn ;;.:,~.~nai s~n~ ~sr • ~ted b~ mortgagez to be equai to 1, i2 of tne annual co>t of the foViow-
S 3.
~ A-All rea~ proR~~ty taaes ;e.~ed or assessed a~~~~ st r~e a^o+e tiesc~~b_d r,;a~ es±a!e.
6-Prerr.~v^s on fire and w:nesto~m ms~rzc;e as hre n a~q~ red to b-~ cc~~ied c^ the .m;:rove~ne~~s s.tvate on the above descr:bed prem~ses.
~
C-Pre:n~ur~s on s~ch mortg ~ge g~a~a~?y ~rwra• ce as rr.o•t~ayee si~a:t frcT r me 'o r~~~e deem fii to carry on the loan secu:ed Fureby.
~ Mo.+gagee sr.a 'rcm t~me ro ':~:e ~enf. me-ry,g; •,n v.•:t.r3 ef ihe a•~ o-. ^.t c;_e ar.d payab'e hereundrr and soch su~~ shali thereupon be d~e and
i . r,abie on rrte d~c da•e ef thF ,-eRt n~onth r p=y".e~'T a~'.d e.::h su:tessS:e ~.o•:th ~nereaft=r urn~~ mcrtgagee sha!! ~ot:fy mortgagor of a change ~n such
i - ovnt. Such SJTS s~a:I ~.~e ap~..~ed ey mertgagae :or.a•d n:e pa,~r.errt of ~ea' prcpc~ry taxes, ins~rance prem:ums, a>>d mortgage guaranty inwrance
~ ;.•err.iv
~ IN Y~ITN S l:N REOF tne sa d MOR1Gi~GOR has herev•~'o set his h;cd and seai +he day and year fint aforesaid. j
; $ea ' red i the presence of:
~ { ~ ~ (SeaQ
~ _ neas _ o an rasson
(5~ao
~ ~L-CLt~f.e.- C' ~ ' d . (Seal)
~ nesa oro . raason ~~a~~
~ . -
~ S?ATE OF~ ~j,c=~ `
~ ~ V ~ ~ ' `
~~UNTY OF r
. ~
~ gefore me personaUy appeared Nornan BraII~OII - ~
~ Doroth B. Braason " " t
~ y his wiie, to me well known snd known to me 10 bC ~
i2 - !
'ne individuals described in and who execWed the foregoing instrvmeM, and acknow(edged befwe me that they exetuted the. same for the pwpQt¢! s
_ ~he.c~n expresscd. A~d the sa~d DOZ~thy B~ BldIIEOA
rnfe of the said - _ NO~dI1 B=''~sOn upon a separate a~ priva~e
` e.aminat~on by me taken separate and apa~t from her sa~d husEar,d atf~no+rledged to and be{ore me that she e:etuted said irutrumant treely and,vo~un-
ran~y and w~tho~t any compu~s~on, constraim, aparehen q~ or fear of or from her »id husband. • .
o~
WlTNESS my hand and off;ua! seal this_ _ _ day of_-- - '~~~=y '~,A. D. 19 7~
~ ~ •
IC_ ` I
: Notary Pubtic ia end for the State of~}nr~at
My Comm~ssion expites: Ill O `
Retum To: C, • c _t 1~~7~
- First Federal Savings d Loan Assoc~at:on i L:r:~~~ 11~ ~
_ C..
- Of fort P erce.
=~i Fo,T P,z«e F~~,:~3 Fs~fa ~n~ ~_~GR~?EO
ST. Ll1~~E c~~~NTr fLA.
RC:: =~~TRAS
fRr; 't'. C,riURT
_ This Instrument Prepared By W1. B. Blat1I1 Rf f~^ rr J ?
First Federal Savings 8 Loan Association ~~'O ~~a ~u f~l
of Fort Pierce~ Flor ida ~
:;3
n. e ~~8 ~~~g~~ 222836
= Checked By ---BUCK
i
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