HomeMy WebLinkAbout2137 3. To p'ace and cont~n~o:.s v keep on f~e b~~ ~•~9s ~~~w or he~eaf~er ~:~,,are on ia d a~.d and en a'i eq~~p"rm r•.d pr~so~a!~y covered by eh~s ma~
ege, wnh sll prem~ums Ihereon F~a.d fu:~, i~rt ~~~s.~a:'.te .n ~ne ~s.,a: sfor~ard p:~ iOr,n, in a a~m ar~'o:rd by !he ~Y~~k:~:.~'_E. a~ d N~'~Jsru
•nau~ance in the us~al s~anda•d ~.o'..ty 1e~~n, in a wm a^•pro.rd Dy ~he MJRTGaGEE, in s~ch comHany or w~•, an:es as +he f:',02i~~GEE m
d.~ect; and sll fire and w~ndstorm ~ns~•an~e pol~c~rs on sny ot sa~d b~,~idngs, any ~m~~eit thera~n or pa~~ thereoi, in the a9g~egete s.,~n ato~esa~d
in ence~s thereof, s~~aU conr;~n the usual sta~~d~id matg.~qee ua~se or su:h other c j~•se as the Mertgaaee may req~.re. maM~~g ma +oss u~~drr s3 d po !
ces, each and eve~y, pa~ab'e to sa~d hWRTGAGEE es ~ts ~merrst may appear, a~+d ea;h ar d e.ery ~~•ch po'~c~ tFa;t be proTp~;y ass g~~eu ard de.~~c~rd ~
en~ Fxld by aa~d ~10RTGAGEE as further secunty sa~d n,o~tga3e u<i:t, e~~d, not iess than ~en ~SOI d~~s ad~a~~ce of the l~p~'dhJn of rach p~'~cy, to d.
:,ver ~o sa~d MORTGAGEf a renewal ~hereof, toge~hrr wnh a rece,pt for fhe prr~r~;um of such rerie..a,; and ~hrre sna.i be no f.re o• ...~~~sso~~n ~niuranC
p!eced on any of se~d bu~!d~•~gs, any ~nte~est thcie~n or part tt,a~eof, un'~ss ~n ihe (cnn a~,d N,!h tha :o>s pa~a:.'.e as a!:reia,d; a^d E.. !he e.e~~t a~~y s~~~
oi money becomes payob:e vnder wch po~~cy w po:.c~es sa~d V1OkiG4GEE sfiaU have ihe opt.on ro rece~.•e a•*d r.ap'r tnr sa~~~r on aao~:» a1 ~he u~dru~rd
~ess sec~red he~eby or ro prrm~t an•d MCRTGAGORS to recrwe and use ir o~ any ~an r+~.~-eof to~ e~-~• ~ c~~: cs~ s. . +hr. y;• ~ p..~~
~~g eny equ~ty, i:en w ryht undrr or by virtue of ~h~s ma-r~a~e; and ~n the event sa d 110BTGAGORS nha!i ior any rrasan fai! to keep ~he sa~d Frem~s::s so
,-,i;,rzd, or fail to de:~vc~ pranptiy eny of s3~d F.c~~ues o( ~~surance to sa d MORiGA~:Ef, or f~:. p:o~.~c:~ty to pay f~!:y any p:e~»~~m ~h~rctoi or in a~~y
rrspect fa~l to perform, d:scharge, eaecure. efiect, comp'ete, co~~~ply w~+h and ab~dr by rhls CJJI'!~d'1T, O~ any pan hrreo4, aa~d h!GwT:,AGEE ~nay p~ace ~ a
paY (w such insurance or any part the~eof wnhout wa~v;ng or affecr~ng any oph~n, i,en. equ~ty, or r~gM und~r w b> wrrue of fh~s Ato.fgagr. and the
;.il amovm of each and e.e~y such pa~mem sha!1 be immedmtely d~e and pa~a5:e a~d sha~i brar ir.terest trom the date thercof ~n~~l p~~d at tne rate o~
^^e per centum per an~u:n and ~o~rthcr ~nr,h sucn ~n~errst sha„ be scwred by the Len of th~s morcgage.
t. To permit, commit a suffer no waste, impairrr~nt a deter~orat~on of sa~d property or any part theraof.
5. io pay a!I and s~~9~lsr the costs, charges a~d ea{x~ses, intiuding a rrasonable atto~ne~•'a fee and cos+s of abst.acts of t~Na ~~c~+•ed or paid a~
r~n:e by s.+~d MGRiGAv~E, because w in thc e~ent oi ~ix (e~~.,~r on ~he pe~t of ~t~e s~:d l~SORIG~GOR to d~:y, oror~pNy and f~;!y pe:form, d~scharge
..e;~te, effec~, comp:efe, comply wnh a~d ab de by each and every ~he snp~~a+.ons, aqrer^~ents, cond~t~ons, and cove~~ants of sa~d Fran.>so~y note a:-d th,s
~ atgage any or e~ther, and se d costs, cha~ges and ex~enses, each and e~•ery, sha~t be ~m~ned~ate~y dve and payab:e; wherher o~ not thrre ix no+~ce d~
•~.:~~.d, attempt to coUed or su~t pend.ng; end rhe fu11 a~no.,m ai ea:h ard ey~ery wch pa,mem shai; bea~ inrere:~ f:om the date the~eof u~~tff pa~d a~ tt~e
. c+ n~ne per centum Ner a~:~wn; anci a~i sa~d ccsrs, cr:a:grs a~d eaoreses ~ncwred or pa~d, together w,th such mterest, shall be sec~red by the i~en of th~f
-nortg~ge. ,
6. That ja) in the event of any breach of this Morrgage or de.'a~It on ttr part of the MORTGAGOR, or ;b) in the event any of sa'd sums of money
c~ein referred ~o be not pror,p!;y and fu'iy pa~d w~~h~n rn,,ry ~,3J; days neaT a~r.•r ane sa~~e sr.era :y ceco~ne d.,e and payab!e, w+thovf derna~.d or ner~ce,
.-;c) in the evero each and every ~he snpu:atio~s, agreements, cond~~:om and ..;.c :a-'s of sa d p~oR~~ssory note and fh,s martgage any or euher a.e not
i.,,y, promptly and fuily perfo~med, d sc!+a~gzd. eaecuted, effected. tompleted, compt;ed wrth and ac ded 5y, then in e:~her or any svch evem the sa:d ag
~-rgate sum mennoned in Sa~d prom~asory ncre then rema~ning u:zpa~d, wi~h intelest acc~ued, and a.i monr~s sec~red hereby, shalt be:con,e d~e and pay-
ao e forthw~th, or thereafter, at the opt~on of s3,d MOR7GAGEE, as t~;iy a.d comp:etciy as if a'i of ik,r sa~d wms oi mo~ry were or~g~ne.fy st~pu:atrd
c be pa,d on such day, ar.yth~ng in sa d p~o•n;sscry note or in th~s Mor~gagr to the c~m~ary not.v.thstand.,~g; and the~eupon or ~herea4ter at fhe opr~on ef
d MORTGA(',EE, v~ahcut no~~ce or demand, su~t at ta,nr or in equ~fy, thrreiore or therenf~er begvn, may be prosec~red as ~f all mor.eys secured hereby
-d matured pr:or to na ~natitut~on.
7. That in the event thae at ~he beginn:n9 of or e~ any t~me pend~rg any surt upon thfs Mo~tgage, er to foredose it, or to reform it, cr to enforce
; a,ment of a~y ciaims hereunder, sa~d tdORTGAGEE snal~ apply to the Co~r~ haY~~:g ~u~~sd,ct.on thereot for ~he aeFO~ntmer.t ~ ne:ct;ar, such Co~rt sha~l
„r•hw~rh appamt a ~eceirer of sa~d mortgaged property a~l and s+ngv!ar, inc',~d ng a:! a~~d s~~~;u~a. i!~e income, p~of~rs, issues a^d reve~ues from whate~er
s_ ,•ce drrived, each and every of wh.ch, n be~ng exp~ess'Y ~nde~sreed, is Fereby mongaged as ~f spec f~ca:Iy set forfh and destnbrd in the g~anr~n~ and
~ sbendum ciauses hereof, and such Recewer shai~ have a:~ the broad and effe~u~e fv-r. ons and po•ners in anyw~se entrusted by a Cour~ to a Recr~.er, a: o'
s. cn appointment shall be made by such Court as an ad ~rttrd eq.:~ty and a mattor of arso,ute right to sa~d MORTGAGEE, a~d w~rhout refe~e~~ce to the
c:eqvacy w inadeQuacy of tF.e vaiue oi fhe proper~y mo•tg;ged or to the so .er.cy er ~mo .rncy of •a~d MORiGAGOR a the defendants, and rhat such
_°+s. profits, inco~ne, issues and rever.~~es shail be app.~ed by such kecri+er ac;ord.:~g ~o rhe iien or equity oi sa~d MORiGaGEE and the pracnce of s~ch
Co.:rt.
8. To du}y, prompt!y and fu~!y pe~form, e:scharge, ezecute, ef?ect, comp;e~e. cempty wi*h and ab:de by each and every the stipulaticns, agreemeNS.
~~,drtions and covenams sa~d prom~ssory note and ~n~s mortgage srr forth.
' 9. That in the event the ownerahip of the mortgaged preT~ses, or any part therecf, 6ecomes vested in a pe~wn other than the MORTGAGOR, the
:~RTGAGEE, its sutcessora end ass~gns, may, wrtho~t nof~ce to ~he A'.ORiGA02. deal w~th such successo~ or s:,ccesso~ in interest w~th re(rrence to thas
~;~~gage and fhe debt he+eby sewred ~n the same r:anne~ as w;,h f.",or,~ago~ wrthaut in an~ way vit:ari~g or d~scha.g~ng the ldorg;gon' liab~iity here-
~er or upon the debt he:eb~ sec~red No sale of the Fre^~~~ses hereby morsgaged a^d no farbea~an~e on the part oi the ~hOR1GAGEE or its soccesson
, ass~gns and no e~te~s~on oi rhe t:me fa rhe payment of tne deb~ Fe.e.~y secured g~ve~ by the MORTGAGEf or ~~s successors or ass:gna, a:~all operate
; ~o re~eax, d~scharge, mod,fy cfinr.ge or arfect the o•~g.~af Gao.t,ry of the A.ORTGAGUR here~n, e~fher in whoie or in part.
10. It is spec•f~cat:y a9reed rhar rime is of ~he esse-ce of rh~s co~tract and that no waiver of any ob'~gar~on hereunder or of the obligation se-
,.:•ed hereby shal~ a~ any time thereaf*er be heid to be a wa~:er of she terms hereof or of the instr~ment secured herby.
1!. In add t,c^ fo the faregc ng •ncntF.'~ paymrms of pr~-,c pai and ~^TCrest reqc red by the prom ss: ry no•e secvred hereb±, mortgagor covenants
F d ag~~es to pay to r-iortgagee v.~th ea:h rao~*h'y pa~•-ent an ad:f ~~onal su~ cs' ~ ated by mo'tgagee to be eqvai to l, 12 of t+.:e annua! cost of the foiiow-
€ j.
F •
~ A-All real property taxrs le.~e~ or assessed agai~st tne above desv~~•_d reat es`ate.
~
B-P~e^~.~u rs o~ fi.e a* d+.,~r.dsio•rn ~nsurarce as nere r. •eq., •ed to be ca~.~cd o~ tne :mprove~ne~ts s,fuate on th~ above de:cr+F,ed prem~ses.
~ C-Prem~um~s o~ wch rr.orty;ge qua•sr,~y ,ewrar.ce as mytgagee sha:i trcT : me to tme deem fit to carry on the !oan sec~:ed hereby.
? Mo+tgagee s~+a i frcm t~rne te ~:•~.e ^cr~f} mer.yager ;n w~rtmg of the a•~o,~t d~e and payable hereundar and wch sum shail thereupon be due and
~ ,=.at!e on the d~e dzr= of rhe r.ext n.cathiy paym~nt and e~ch wccessive ~~.o~~!h thrreafT~r unri! mo~tgagee sha!! not.fy mo-tgegor oi a chan~e in suth
' :~~vnt Such s.,ms s!a:i be app ~ed ay mart4d^y?e soward tiie payment of rea! p~ope+ty taxes, insurance prem.ums, a~~d mors~age guaranty insurance
~
_ miums.
~ Ik \YITNE55 YiH:RFOF, tnG said MORTGAGOR has hereu~to set h~s hand and seal the day a~d year first afwesaid.
~ 5 ned Sealed d\detive in the esence of:
g: '9 , Pf
~ ~~1 ~1___--~r 1_~ 1J~ -`i ~:/~-?-uo~-- ~ti (Seat)
~rman Hai
(seaq
a ~ . .
t- ~L~ , - Q-t- (Seal)
~ _ _ E~relyn G. I~1ai (sea~~
k~
~
~ :TE Of FLORIDA
~ ~JU!JTY OF SL• I~1C~g ~ ~
Befwe me perso~ally appeared NOI'Aan ~'~Si and
' EvBl G. Msi
- ~ his wife, to me well know~ and known to rne t0 be
~ ~he individuais descri~ed in and who exec~ted +he fu oing ~nstrument, and acknowtedgcd before me that they eaecuted the same fw th0 pu?posls
~ rherein expressed. And the said ~@~ G• ~8i
. .
++'e of the sa~d - H027~n ~$i , upon • separsie and priwts
e~ aminat~on by me taken separate and apa.t from her sa~d h~sband, acknowiedged to and be~ore me that she eaecuted said insfryrpent frtely and, yolw~-
;:t ~c~~ly and w;rho~t any compu~s~on, Conslraint, apprehens.on, w fear of or fiom her said husband .
Januaiy ^ : ~ p2
WITNESS my hand and offic;al seal th~s_ day of ~ - A. D.
- ~_1 ~ 1 1 :l i ~ ~ ti ? t`. ~ l~ ' 1 _ ~
_ Notary PubGc in a~for the State of f{o/fda'~t lar9s_l
j;; My Comm~s~ion expires: ~ "Y ~ ~ .
Return To: e
First Federal Savings 3 Loan Associat:on J~o~'1~
:r~ of F~.~ P E-~z fi~EO ~r+o RECORUEo
~
Fo~r F~rrce. Ffor.da ST.LUC~E COUNTr FIA.
~r ROCE* Pz!TAAS
CIfRK ~~,FiEO ~OU~---~
s_; RfC~On~ ~f s
This Instrument Prepared By J. D. t~astain ` $ 53 pN ~~Z
- First Federal Savings 8 Loan Association ~ f~
= of Fort Piefce ~ F101'ids
Checked By 22~.73~
6IIOK~~ f~~~ 13 9
_ - - - - - -
-
-
-
-