HomeMy WebLinkAbout2587 3. To plue and co~tinuously keep on the bu~'d~ngs now w hereafrer ?~~uefe on sa~d '•and and on ait eq~ip:neM and pe•sond~~y cove~ed bV th~s mw
ege, w~~h all prem~~ms ~hereo~ pa d m t~l?, i~re ;r.s:,rar.ce ~n the usvat srandard po~~cy fo~m, in a iwn aHpro.ed bv thr MJk,~:.~EE, a~ d w~~~dato
lnwr~nce i~ the us~at standard po:.cy torm, in a sum app~o~ed by the MGRTGAGEE, in such company or compan,es a> >he .'02iGAGEE m ~
d~rec4 a~d all fi~e and w~nds~orm insurance poi~c~es o~ a~y of sa~d bu~'d~ngs, any inte~est fhere~n o~ par? thereof, in the agg~ega~e swT aloresa~d
~n excess ?hereof, ahall :ontain the usual sra~~da~d mor~gagee ciause or s~~ch o~her c~ause aa the Mortga3ee may ~eqwre, maAmg rl,r ~csi u~~drr se,d po
c~es, each and every, payab'-e ro sa~d h10RTGAGEE as ~ta mrrrest may appear, an.~ each ar.d every such po ,cy sha~l be promps;y ass g~ed and de•~~ared
eny held by satd b10RIGAGEE as furrher secvrity ro sa~d m.o~~gage debt, and, not leas ~han tan (10) days in ad+ance of the erp~rar.on of each po~,cy, w d~
Ilver to said MORTGAGEE a renewat thereof, togerhrr with a rece~pt ior ~he premiwn of such rene~ai; a~d there shail be r,o i.re c~ .;:~oitc~~~~ insu~anc
plated on any of sa~d bvild~~s, any interest there,n a par~ ihereof, umrss in ~he form and wnh the loss payab'e as aforeis~d; e~~d in rhe e•.ent any sw
of money becomes payable u~der such policy or poLcies sa~d MORTGAGEE shaH have rhe opt,on to recr~+~e and d~p~y the san~r on a:;o~ of ~he ~~~dref..~d
nzss sewred he~eby or to permlt sa~d MORTGAGORS ro receive and use it or any part t?~r:<-oF ic~ o:~~~•r o~rcoers, rh•• ••..~•~'7
~ng any ~q~~ty, i~en w:~9nt under w oy virtue of ihis n:o:tga~e; and in ihe evem sa:d MORTGAGORS :hiii ior any reason fa~i to k~-ep e~e sa;d p~em~s_•s so
~nsurzd, or fail to de~~ver pranpfly any of said po!icirs oi ~nsura~~cr to sa:d h10RTGAGEE, or ia~i p:omptly to pay f~,;y any pr~ n in~r~tor or m a~y
respect fail ro pe~form, ducharge, ea<c~te, efiect, compiete, comply wi~h and ab~de by th~s cove~a~4 0~ any part h~reof, sa:d h~~l.'R' JHVCE n,ay p:ao~ a o
oav fw such insurance or any pari thereof wntiout waiving or aifecr~ng any o~t~on, lien, equ~ty, or nght under or by v~rrue of +h~s h!crsgeyz, and tfia
full amoun~ of each a~d e~ery s~ch payment shall be immed~ateiy d~e and payacle ar.d ehal! bear intereft from the darr ~hereoi un!~~ p,.~d ar ~ne rate oT ~
n~ne per cen~um per annu:n and !o3e~hrr v~~rh such inre~-ru shai~ be srcured by thr Gen of thia mortgage.
1. To permit, tommit or suffer no waste, impaumrr.t or deterioratlon of said property or any part thereof. i
S. To pay all and sirgu~ar the costs, chargea and expenses, induding a reasonable atro.ney'~ fee and cosrs of absr~acts of t~!'e, inc~ned o~ pa~d at
,ny Gme by aa~d MORTGAG'_E, because a in the e~ent of ~he fa~lure on the pan of the aa~d MORTGAGOR to du1y, pro:~~ptiy a~d fu!ly pe~torm, d~uharge
~xecute, eifect, comptefe, comp}y w~th and abde by each and every the er~puia~~ons, agrerR,er•rs, cond~nons. and co~enanrs of sa~d pro:.,:ssor~ no~r a~~.d rh~i
,,orrgage any or e~~he~, and sa:d costs, charges and expenses, each and every, shail be immrd~ately due and payabte; whethe~ or not me~e be no~~ce d~
mand, attemp? to co~lec~ or suit pend.ng; and the tu~l amoum oF eacl: and e+ery auch payment sheii bear ~r.rerest from ~he dafe ~hereoi un!i~ pa~d at she
•~~e oi r.~ne per ~~nt~m prr a~in„ n; and aii sa~d wsts, charg~s and e~:;rr,srs ~ncurred o+ pa~d, t~~thrr w~~h such inTerest, shail be securzd by the ~~en of th~f
mortflage.
6. That (a) in the event af any b;each of th~s JNortgage or default on the part of the MORTG.~GOR, or ;b) in !he event any of sa d sums of mo~ey
herein ~eferred to be not pron~pr:y and fut~y pa~d wirhin th.+~y i3v; days ne~~ aiier rhe sa-„e se.•era':y 6eca-,e due and payab?e, wm,o:;r demd~~(~ or nence.
or {c) in the event each and every the sfipu;ateons, agreements, cond~ho«3 and covenants of sa d prom~ssory note and fh s moregage any o~ e~the~ a~e not
i~~;y, promptly and iul!y pe~fo~med, d scharg<d, rtirc~ted, effected, tom~leted, comp;~ed w~!h and ab~ded 5y, then in e~ther or any such event the se.d ag
3regate sum mentioned in said prom~ssery note then rema~n~ng ~npaid, w~th ~nterest atcrued, and a~l moneys secu:ed hereby, Sha11 oewmt d~e and pa~-
eo e to~thwith, or thereaffer, at fhe opnon of sa~d MORTGAGEE, as fulty a~d complere~v as if a~t of the sa•d wms of money v.eie ong~na~ly st~pu,afed
~o be pa~d on such day, anytning in sa.d prem~ssory note or in this Mor~gage ro the connary not.ti~ths~and.ng; ancl therev~wn a ti+ereaiter ai rhe opT.on cf
s~ d MORTGAGEE, wirhout nohce or demand, su~t at law or in equ~ty, the~efo~e w thereaiter begun, may be presecuted aa if a:l mor~rs setured hereby
n.:d matured pnor to as insntut~on.
7. That in Ihe event that at the beginn~ng of w at a~y t~me pend~ng any suit upon th~s Mo~tgage, pr fo foreclose it, or to ?efwm it, w to enforce
F-rfinent of any ciaims hereundar, sa+d MORTGAGEE shaq epply to fhe Coun hawrg +ursd.cf~en therepf for 1he appointmtnt of a Receiver, such Court shail
~crrhw~rn ap~oint a receive~ of said mort9aged property afl ar,d singular, inc;~d r~g ail and v~g.,~ar me irtcome, prof~tS. issues ar,d rever.urs from v~hafeYer
s: ~~ce denved, each aRd every oi wh,ch, it be~ng express!y undrrsrood, ~s hereby mo~rgaged as spec f~cat;y set forfh an~ descr~bed m rhe g~an~~:,g ar.d
f:~be~dum ua~ses hereof, ar.d svch Recei~er shall havr a~l ihe broad and effectwe func~.o~~s and po..e~a ~n anyw~se entwsred by a Co~rt to a Recrs~er, a°d
s_,h appointment sh~it ~ made by such Co~rt as an ad~~~tted equrty and a matter ef a5so!utz r~ght to sa~d ~10RTGAGEE, and v.~thcue ~eference to the
adzquacy or 7nadeq~acy of the va!„e of the properry morigaged or to the sonency or ,r.so:.ency of sa~d MORiGAGOR o~ th~ de'endars, a^y fh;t svcn
re~.u, profits, inco~ne, issues and revenues shali be app:~ed by such Recriver accord~ng to the {ien w eq~~r~ of sa~d MORTG.iGEE and fhe pracr~ce of s~ch
C~urt.
8. To duly, prompt!y and fu!~y perfo~m, d~scharge, execute, effect, complere, comp!y w~th and abide by each and every the stipuiat~ons, ag.eements.
:ond~iions and covenan~s ~n sa~d prom~sso:y nore and ih;s m~rtgage set farfh.
9. That in the eve~t the owr.eish~p of the rt,ortgaged prem~ses, or any part thereof, becomes vested in a pe~wn orher than the MQRTGAGOR, the _
:'~RTGAGEE, its successors and asvgns, may, w~~hout not~ce to ~he A'•ORTGAOR, deai w+th s~ch successor a s~ccessw ~n ~nterest with referen~e to th~s
~ o•igage and the debt hereby secured in the same manner as w~th l:tortgago. w~tFw~ut in any way viY:ating or d~scha~g~ng the t.brtgagors' liaoil~ty hz.e-
~r.~er or upon the debt hereby secured. No saie of rF_ prert:~ses hereby mortgaged and no forbearance on the part of the h10RTGAGEE or its successors
c~ ass~gns and no extension of the time for the payment oS me drbt hereby sec~red grven by the MORTGAGEE or ~ts svccessors or ass~gns, s~~all operate ~
;o reteax, d~xharge, mod~fy change o~ atfect the orig~naf I:au~irty of the MORTGAGOR herein, eitber in whoEe or i~ part. ;
10. It is spec~ficaliy agreed rhar t~me ~s of the essence of th~s con~ract and that no waiver of any ob~:gat~on hereunder w of the obligation se-
cu~ed hereby aF.ai+ at a~y time ~hzreafter be he!d to be a wa~rer oF the terms hereol w of the instrvmem sewred he~by.
~ 11. In acid t~o~ !o t4e !oregc n~cnrh!y pay~n:n!s of p•1':C r3I and in!e.•est reg,:~red by the pron~ ssery no~e secured he~eb~, mo,-t~3gor eovenants
` d a rees to a to mo-t a ee v~~rh ea:h mon;h!v ~~.~ent an add•r~onai sum es± ~ ared b mort a ee to be e ~ai to 1 12 of rhe annual cost of the foiiow-
9 P Y 4~9 P• r Y 9 9 a
i
~ . A-All real prope.ty taxes Irned o+ assessed agai~,st the above desc•~bc~d real es~ate. i
~ B-Pr~•n,~ums on hre and w~ndstorm ~rtwrar.ce as ~er~~in req~.red to be .a~n~d en ihe :mproveme~ts s:tuate on t5e above d_scribed premises. i
C-Premiu:~~s on wch mortgage g~aran!y irwra~.ce as mo~tgayee sha:l 4ro+- t me to hme deem fft to carry on the ioan secv~ea he:eby.
~ Mortgaqee shafl from t~•,ie ~o tin:e nofify morty.~ger ~n wnt;ng of the e^•ov~r d~e and p~yable hereundzr and such su~, shait th~~rzupcn be due and ~
:!'rable on thr d~e oa!e of the next monthfy pay~r~:ent a:~d e~ch s~ccessive mor.th theczafrer ur.ril moctgagee shall not:fy mortgagor of a change ir. such
~ _ ouM. $uch sums sFa:i be app:~rd by mortgag-~e toward the payme~t of real preperty taxes, insura:~ce prem.vms, and mortgage guaranty insurance
= ; •e~niums.
' IN Y1ITNESS WF~OF, the said MORTGAGOR has hereunto set h~s ha•~d and sea! the day and ,~ear f~st aforesaid. ~
Sealed a livered ~ resence of: ~ ~ ~ ~ ~
i
y ~ r~~~/,
c'" . ' . ~ ~ E~fC-t~ a~~
~ w nesa C n .:idl ro
~ l5esq
~ • : L. _ ~ ~ ~ (Seal)
tness _ Y f J tiarr iet Holbrook ~~ai~
~
~ ST~TE OF ~ OHIO
.s
~OUNTY OF A I7'~ T/? ~ ~ ,
~ Don H. Holbrook i
~ Before me perwnally appeared and
fiarriet Ho2brook '
~ - his w~fe, to me well known and known to me to be :
rhe individuals describrd in and who executed the foregoing instrumem, and acknow~edged before me that they executed the same for tfie p~rposes
rhe~ei~ expresud. And the said__ ~{aYI'lEt }{O1~)TCOEC
i' Don H. Nolbraak
.v,fe of the said _ upon a separate and privatQ
_ e.em~nation ~y me taken separate and apart frorn her sa~d huaband, ac4nowledged to and before me that she executed sa~d insrrvment freely and volvn-
cauiy and w~thout any comp~ls~on, co~straint, apprehens.on, or fear of w from her said husband.
= WITNESS my hand and oFfidat seal this_. day ef__ J`Znu`1Z A. D. 19 7= ~
" • ~
Notary Public in a~d for the State of~d~ at large
- My Comm~ssion expires: ~
Ret~r~ To: ~ • , "
- First Federal Savings 3 Loan Assoc~at~on ,
t ~
Of Fo~t P c ce
! n /
Fo~t P~erce. Fier~da , - 11 ~ ~
• ~ - f~~E~ ~hr ~E;,090E0
- 5T ~UC~t COUNTY F~A.
This Instrument Prepared By John t;. Col;in~ - ROGE.?~iiA~S
First Federa~ Savings 8~ Loan Association " ~~EpK C~ :LI;:T COUR
ot Fort Pierce ~ F lor i da . - pFC,;F'L.
.
Checked BY ~ ' WfA 3 s 3 PH ;
~
B~~K~98 PA~2584
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