HomeMy WebLinkAbout2591 J. To p~ace and ce~t,nuo~siy keep on the b~~'d~ngs ~ow or hereafter •~tuate on sa~d ~and artd cn a~~ eq.~~,~~:en~ and peno~a!~y cover~d by this mor
•ge, w~ih all premiums t~e~EW1 pa~d in fu~t, f~re ~~~turence ~n me ~wal a~s~dard pol•c~ form, in a s~m orp~~~rd by th~ MOR<v+l~!E. a~el wi~~dsto
~nsurance in ~he usuai s+a~idard poLCy iorm, in s sum appro~~d by the MORTGAGEE, in such cornpa:,y or co~~ ;~ames as ibe h10RiGAGEE
duect; snd sll iire and w:ndarorm ins~rance po~~c~e~ on any o1 sa~d bu~~d~ngs, any inter~~1 the~ein or pa~~ thr~eol, in the a99~egarP su~~ a'toresa~d
e:cess thercoi, shalt co~tain the uwal sta~~dxd mo~Tgagee clause or such o~har ciause ~s the Mor~gayre may requ.re, mal~~~g ~hr ~oss under sj,d po
c~rs, each •nd ere~y, peyab!e ~o saed A~ORTGAGEE as rts irne~rst rnay appear, snd each and every svch po'~c,r sha;l be promp~iy aisg~~rd a~~d de.~.crrd ~
eny held by sa~d h10RTGr1GEE as Furiher setvrity to sa:d moc~gage debt, and, not less tnan ten ~10i da~s in ad~ance o~ the exp~rat~on o1 each poi~cy, ~o d~
fver to said MORTGAGfE a renewal thereof, tegerher w~~h a rece~pt tor the premium of such renewa!; and tnrre ehail br ~o f,re or w,~n.fitu~m ~nsuranc
placrd on •ny o) ;aid bvild.ngs, any inrerest there~n or pert ~hereof, un'e~a in the form a~~d w~~h the loss pa~ab!e as aluresa~d; and in the e+~e~r a~~y sun ;
of n~oney bccomes payable unde~ such policy or po!~ues said MORTGAGEE aha{I ~ave the opr.on to rec~~ve a~~d app:y tha sa~ne on aaou:~t o) ~he indrLt~•d ~
ness sec~red hereby o. to permn aa~d MORTGAGORS to ~ece~ve and use it w any par~ ~hereuf to. or~~~•r ~.;;i: _s_•z ~.,~n_~_+ ~h;-..:. `7 <•I' ~
~r;g s~.y z~u~ty, ~;zn .-.r r:yt:t c::w'er or bt v~:tue o! th:s :....:t~age: a^d sn thz evc.^.! sa:~ :!Q~?s~G~R< <h3~! r~. 3~~ .~.j:-^n fa;t ta 4eee the sa~d ~rern.s:s so _
nsured, or Feil to deliver promptly any of said poLc~as~of msurance to sa:d MORTGAGEE, or fa~! prompriy~to pay fu,ly any p:e~nw~n therrfo~ or in any
~rsprct fail ro perfurm, d~scharye, execure, effect, complete, cat'.ply with and ab~de by th~1 COVenanf, Or any p~r~ h~•reoi, sa~d MGRiGAG~E may p~ace a~a
pay for suth insurance or any parl thereof wahou~ waiv~ng or affedirg any op~~o~. Iien, equny, or r~ght ~nder or b~r virrue ot th~s A1or~9a9e, and thc ~
1~11 amo~nt of each and e~ery such payment sholt be ~mmediateiy dve and payab~c and shail b~:ar ~n~crrst iro~„ tna datz fhercof wni~ ~~Ki at ti~r ro+e of
mne per ceneum per annw+~ and to~,~~har mifh avch inrrrest shai~ be sewred by the lien of this mortgage.
1. To permit, commit a suiter no wasre, impairment o~ deter:orat;on of sa~d p~operty w any part the.eof.
5. io pay alt and singuiar the costs, cha~ges and expenses, ~nduding a reasonable at~o~nev's fee and costs of a6stracts of tiNe, inturred or pa~d a~
any ~ime by sa~d MORiGAGfE, because cv in the evero of the fa:iure on the part of the aaid MORTGAGOR eo d~ly, p~o~nptly and fully perform, d~scharge.
~xecute, effect, camp!ete, comply w.~h and ab.de by each and eve~y the st~pv~ai~ons, agree~nents, co~d~t~ons, and covena~~ts of sa~d p~o•» ;;sory nore and ~h~~ ~
-~or~gagt any or enher, and se:d cosrs, cha~ges and ez~.-enses, each and eve~y, shali be fmmed~utr:y due and payau:e; wheiher o~ not the~e be nonce d~
mand, a~fempt to to:lect or a~~t pe~~d,ng; and the t~ll amo~nt of eech and eve+y such paymem sh~ll bea• int~rest from ~he date thereof until pa~d at tt,e
oi n~ne pe~ crnr~m yer a~~:w~~; an~ a1i ia~d coi~s. cha~9es ane~ enpenSeS ~ncurred or pa~d, toyeiher .v~th wch mterest, ihell be secured by the I~en of th~s
mwtyage.
6. That (e) i~ the event of any brrach oF th~s Mortgage o~ default o~ the part of the MORTGAGOR, or ;b) in the evrnt any oi sa'd sums of money
h.rrein refened to be not proa,ptly and fu~ly pald wiihin th.rty (30) days next a~tcr the iame se~era'2y beco+ne d~e and payable, w~~ho~t de:~~a~~d or nohce,
cr ~Q in the evem each and every the st~pulas~ons, agreements, co~~d~~o~~s and covenants ot sa d prem~ssory note and th.s mo~tgage any o~ e~ther are not
1v:y. promptly and f~Ily aerformed, d sc!+a~ged, executed, effected, comp~eted, camp!:ed wrth and ar~ded 5y, then in e:ther w any svch Evenf the sa~d ag-
~•egate sum ment~oned in said promissory note then rema~ning unpa~d, w~th inTere,t accr~zd, and a~i monr~a secu.ed he~eLy, shall tecome due a~d pay-
ao r iorthw~fh, or thereaf~er, at the opf~on ot sa~d MORTGAGEE, as fu~ly and compiete~y as i( aii of the sa+d surns oi money were or~g~na~fy sr:H~,ate•d
ro be pa.d o~ s~ch d~y, anytn~ng ~n sa.a promssory ~ore or ]n tnis Mo:tgaye ~o ~he co~~irary nur.v~tnsTa~ 3~~.y; e~:d ii~~r~uiwn or t~~r2aftcr at rFe op~,on af
s•:d MORTvAGEE, w~rhouf nor~ce or demar.d, au;t at law w in eq~rty, thertfore or ~hereaher begun, may be prosecu~ed as if all moneys sewred hereby
c~d matured pnor to es insht~t~on.
7. That in the event that at the beginn:ng oi or at any ti~ne pend~ng any su~t upon t1~is Mortgage, or to foreclose it, or to refwm it, or to enforce
; 3,ment of any c+a~ms here~ndrr, said MJRTGAGcE sha:! app!y to thr Cou~t ha~~ng ~ur~sd.c+.on fhereo! for the appomnnent of a Rcce~ver, such Court she~l
_~~n„rirh appo~nt a rece+~er o+ said morrgaged property aiI and s~n3~:ar, includ ng a'.I a~~d s~~gular ehe ir.come, p~ofita, iasues and re.•enves from whate.er
s; .~ce der~+rd. each and every of wh.ch, ~t be~~,g exp~essiy unde~s'ood, is h.e~eoy mortga3ed as 1f spzc fically se1 forth and described in fhe grannng ar.d
haoendvm c+a~ses hereof, and s~ch Rece~~er shail have ait the broad ar,d effechre furwce ons and po.vera in snywise eM~~sted by a Co~rt to a Rece~ver, a~~d
s,:h appoinrment shal! be mede by s~ch Courr as an adnitted eqvity and a r-~,atter of absolute r:ght to said MORTGAGEE, a~d w~:hout ~eference to the
a~iea~acy w~nadeq.~acy ot the vaiue of the property mortgaged or to the so~e~cy or ~nso,vency o1 said MORiGAGOR or the defe~~dants, and thst a„ch
-~~s, p~otrts. inco ne, ~swes and revenues she~l be app:ied by s~ch Retrwer accord~ng io the 1~en or equ~ty ot sa:d MORTGAGEE ar.d ~he pracnce of s„ch
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8. To du1y, p.ompt;y and fv!~y perfo•m, d~scharge, exec~te, effect, compiete, comply with and abide by each a~d every ~he s`ipu;atior.s, agreernems,
! condit~ons and covenants ~n sa~d promissory note and th~s mortgage sPt forth.
9. That in the evero the owne~shlp of thr mc~tgaged prem~ses, or any part thereof, becomes vesred 7n a person otF.er than the MORTGAGOR, the
~RTGAGEE, its successors and ass:gns, may, vvirhovt r.oT~ce ro ti,e :'ORTGApR, dea~ vv~th such successor or successor i~ ~nte~est w~rh reference to th~s
' ~-o-rgage ard ~he de~t hereby sew~ed in ~he same manner as w~th L1o•~gagor w~~hout in any way vit~atirtg a d~schar9iny the fJlartgagors' liabifny here-
f ~,~der o~ vpon the drbt hereby secured. No sa'e ot the Frem~ses hcreby mortgaged ar.d no forbeaiance on the parr of the 1dORTGAGEE or its successors
~ o- ass~gns and no exrans~on of ihe r~me f~r rhe paymem of tr.e debt h~.eby se:ured g+ven by the MOR?GAGEE o. ~ts successors or ass gns, a~~aN operate
~ re rNease, d.scharge, mod~fy cnange or at.ea the or~g+nal I~ab.;.ry of the MORIGAC,uR here~n, e~ther m whoie o~ ~n part.
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1G. It is spec~fi;ally agreed thar t~~+e is of the essence of this contract and ~hat no waiver of any oblfgat+on hereu~der or of the obligation se-
~ ccred hereby shal~ at any tirtee thereafter be held to be a wa~ver of the terms he~eof or Of the instrument secured f~erby.
~ 1l. {r. aJd t:o~ !o the foreoo ng munth'y pa~menrs of p:{sc ;:ni and in!eres+ requ~red by the prom;sscry no!e sccured herebr, mortg3gor covenanh
~ d agrees to pay to m.c•tgagee ti~~h each :nonrh~y payr. eM an add:•:onai sum cst ^ ared by mo~tgagee to be eq~af to 1, 12 of t~e annuaf cosr of the foiiow-
~.3.
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i A-Ali reai prope•ty faxes levi~~ or assesi_-d ag3~•}st thc ai.ove desribed real estate.
a B-Prem~ums on (~•e an~ vvindl~0':r inwrance as iiere~n r;q,,~~^d to be car:~•:d en the ~mprov?me~ts s;tuate on the abovc d=srr~bed premises.
~ C-Pre~-i~rns o~ s~ch mort~age g~a~a~.ty ~r.w~a~ ce as mo~tgagea sha:l Src•r :^~e ro t~~ne derm trt to carry on the loan secured hereby.
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# Mortgagee sh,l! frcm t~:ne to rme noi~t; mcrty~gor ~n wrrt~r.g of ihe a~:ou~t dve and payable hereundrr and such su~+ shall thareupon be due and
* :~:abte o~ fhe dve dafe of the ne.r rr.or.th y pa;Tent and evch success~ve rro~~th TFereafte. uctii mcrtgagee sha!I notlfy mo~taagor of a change in su:h
, ~unt. Such wms shaii be aNp.~rd by rnorTgajer ror.a•d ti,e payr•ent of rea: pioperty taaes, inwrance p~em:~ms, a~.d mortgage g~aranty insurance
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~ IN Y1ITNESS :':HEREOF, the sa~d h40RTGAGOR has herev~to ses fi1a he~~.d and s_•al the day ar.d year first alo/rt.said.
_ Signed, Sea~ed and defivered in the prese, ce of: /j~`~~ ~ `l /
~ t% t' r !y ~ -L`~~-~ (Sea!)
>x ~ ~ ~ Cl~ud@ H• Co S {Sea1)
' _ _ c ~ ~f?Z~
(Seaq
LOL11S@ I.• CO~S ($ea1)
~
~ ~ ATE OF FLORIDA
~ ~ S5.
~s ~~uNTY OF _ St. Li~#~ 1
C laude H . `
Before me penonally appeared _ C~d and
:s Louise L. Combs
his wife, to me well known anc~ kno•++n to me to be
rhe indrviduals described in and who exec~ted the foregoing instrumem, and acknow:edged before me that they exec~ted the same foi ths p ~
[s,ni4 ,
rhe.ein expressed. And the said__ CO~S _
= r
~ +~-;fe of the sa~d C1811C1@ COIC~S , upon a separate and privaq
e.am~nat~on by me taken separare and apart irom her said husband, aNenc•wledged to and before me shat sFx exec~ted said instru:nent free~y a~d vOlun-
~ariiy and wnhout any compulsion, constra~nt, apprehens.on, or fear of or from her ssid husband. . 'a
WI1NE55 my hand and offiuai seal th~s_ day of 'Ian~Yy . A. D. 19
t;
~ # ~..1~_--~.L:___';--f--_ ~ l ' , ~ ~ ~
• -TNotary Pubtic in and ior the Sta!e oi Fbrida La~
. My Gomm~ssion eap}cF(s: . ,
3 Retum To: t~ I L
i`~ oi- I~.
- fint Federal Savi~gs a Loan Assoc~at~on • -
- Of Fort P < rc:
- For! P~erce. Fi~rdi
'~s fILEO AM~ oECOROED
`1. LUC?i. COUNTY FLA.
_ RO:.E~: ~ QI ~ RAS ~
; This Instrument Pre ared B J. H. RobeYts ~ Ji . Cl E~K Ci CC?T COURT
First Federal Savings & loan Ass ciation RECv"QD YE~ ~•~D
of Fort Pierce ~ Flor ida ~ ~ l 3 s~ PH
Checked BY !A'----
~ s°ccK1y$ PacEz`~88 2~2~64
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