HomeMy WebLinkAbout0535 3. To p:ace and co~tinuo~s~y kcep on the b•~~:d:ngn now or he~eatter s~t,;ate on sa~d !and a~d on al; equ~pr.rnt a~d penonjlly cc1a~ed by th~ti mo~
sgs, w ~h •II prem~~ms thereon pa d~n f,,:l, f,re ~ns~„~ance ~n ihe usvat standa~d po!:cy fam, in a s~~+ a~.pro~nd br tr+t MuR ~AG::, e•~d w~~~diio
~~~wronce in ihe us~al s~andard po..cy form, ~n a e~m appro.ed by ~he MORTGAGiE, ~n wch cc~npa~y o~ Co~npln~H as ine :•~O~i~AGfE m
d~recr, a~d all fire and w~nduorm ~ns~iance pof~c~rs o+~ any of sa~d b~~~d~ngs, any imerest there~r. or pa~t thereof, in the agg•ega+e afo~esa~d
in eacess thereoi, shail to~tain ~he us~~a~ sta~:da+d mo+tgjgre ciause or s~ch oriur c;+use as the Mongagee may req~•ro, maAing ine ~ess ..~~dr~ sa•d po
c~es, each and eve~y. pa.a5!e to sa~d h1QRTG.4G~E as .rs ~nterrat may eppe~r, and cach and eve.y such po:.cy ~ha~1 be promp+•Y ass gned a~•d de ~.ar~d
•ny lxid by sa~d h10RTGAGEE as fv~rher sewnty ro sa~d ..•origj~e dem, a~d, not less than ten (1Q) days in ad.a~xe of the eap~-at~on o+ each po to d.
Gver to sa~d MORTGAGEE s renewal thereof, t~ge~her wnh a rece~pt far the prem:um oi wch rene+~a', a.~d ~hrre sha!1 De no t~re o~ ~~~}~s+o•m ~~~•s~ranc
pleeed on •ny of sa:d b~~ld~~gs, a~y ~nreresf iFxra~ w part thrreOf. un;ess in ihe form a~~d wrth fne +oas pa~a~:e as afo~eaa~d; ard ~n ~he e.rm any s~~~
of money becoTes payab~e undrr s~ch poucy a po4cies se~d MORiGAGEi ahail have !he oµr.on to ~ece~~e a,~d apF:y tne sa~~~e on ac:o.,at of ~nr indrberd
ness secwed hrreby or ro perm~t sa~d MORTGAGpRS ro recr+Ye and use it or any pa.~ thr.eoi ior GC!~~•r F~.:.~s_~s. s~~~~~~:
~ng any equrty, I~en w nght undrr or by virtue of th~s mor.gage; and in the evem sa d M~'wTGaGORS sha~l fo+ any reason fa~! to kcep ~he sa'd prem~ses so
,:s~r~~d, or fai: ta de,:.er promprl~• any of sa~d pot.c:ea ef inav•3^ct !o sa:d MQRTG.4C-~E, er fa~. pro~~~~T~y ~o pay fu ~y any ~~e~~~..~~n fneref~~ or ~n a•~v
rospect ia~t to pe~form, d~scharge, executa effect, c~+p~efe, conply with and ab~de by th~s toven,~nt, or any put hzreof, sa.d MGR?.3%.G~E may p.ace a o
pay fw such insurence or any part thereof wrthout waiving w affeceing a~y op~~o~, iien, equ:ty, or r.gM under o~ bi v~rtue of th+s tilo~rgjge, and the
i„tl ~mouM of each and e.ery svch paymeot shalt be ~mmediately due and payab+e and sha11 btar imerest from tha date the~eof umii p~~d af the ~ate ot
n,ne per crnfvm per ann~m and to3rther ~n~ih s.rch in}e•est sha~~ be srwrrd by thr Gen o! th~s mortgage.
To permit, commit w suFter no waste, impa:rment o~ deter~orat~on of said propeny or any part thereof.
S. To pay al~ and s~ngular the costs, charges and expenses, incivd~ng a reasor,abte attornev's fee and costs of abstracrs of t~tle, +~curred or pa~d at
jny fin:e by w~d MORTGAGEE, because or in the evcnt of ihe fa~iwe on the part of ihe sai~ MORTGAGOR to duly, pro-~priy and f~Uy pe~fo.m, dach~rge
~.~cute, etfeU, tomp:ete, tornply wrth and ab dr by each a~d every the atip..iat;ons, agrermcnts, condil~ons, and covenants oi sa~d p~o:n;s5ory note a^d th:s
~:ortgage any w e~the~, and sa.d costs, chargcs and e:penses, each and eve~y, sha11 be ~mmedaatety due and payab:e; whe~her o? not ~here be not~ce d>
mand, anempt ro co~lec~ or suit pend~n9; and fhe tuI! amoum oi each and every xKh paymem shall bea~ in~eres~ from the date thereof um~l pa~d at the
~~re oi n~ne per cenr„m per ann~~++; a:~d aii saSd cos's, charges and ca~enses ~ncu~rcd o~ pa~d, ~ogether w,th such interest, shall be secured by the ~~en of th!•
mort9~ge.
e. Tha~ (a1 in rhe event of any preach of this Moregage o. defau!~ on tM part o4 ihe A10RTGAGOR, or ;b) in ~he event any of sa:d sums of money
herein ~efe~red to be not promptly and tu:ly pa~d w~fhm th.rty ~3J) days ~exf a*rer fhe same se~era::y treco~ie due and pa;able, v.:sho.:t drma^d o~ no~~ce.
er (c} in the event each and every the st~p~tations, agreements, cond~+~o~s and covenanrs ot sa d promiasor~ note and th s mortgage any a e~~her are not
i~!y, prompHy and futty performed, dscharqed, e~ecvred. effected, complered, compl~ed w~sh and ab~ded Sy, then in e:~her o+ any such eve~t the sa~d ag
~~eqare aum rt:ent~Onl~ in sa~d prom~ssory ncte ~ntn reirain~ng unpa~d, w~~h ~nTe~e,t atcr.;ed, and a~~ moneys setured hereby, ~ha~l become dve and pay-
e~ e forfhw~th, or rhereaf~er, at the opt~on oi sa~d MORTGAGEE, as fuliy and comp;e~ely as if atl of ~he sa~d sums of money were o~~9msily s~~pu:aied
rc be oa.d on such day, aoything in sa.d procn~ssory nare or in th~s Mortgage to tF.e conrrary no:„vnhstand~ng; and ihe~eupon or thereafter a~ the op~~on of
sa.d MORTGAGEf, w~ihovt r.oTrce o~ deman.~, suit at law w in eqwty, therefore w thereafrer begun, may be prosecuted as if all moneys secured hereby
~,~d matvred pnw to ~ts mst~tutwn.
7. That in tF,e event that at the bcg~nn~rg et or at any time pending any su~f upon thi3 Nbrtg+ge, or to foreclose it, or to reform it, o? fo enforce
,ayment of any c.aims hereunder, said MORTGAGEE sha:t apply to the Cou.~ hav~ng ~ur~sd.t~.on lh~ceof fqr the appa~tmM~ of ~ Rece~ve~, such Cou~~ shail
rc~rhw;rh appa~nt a~ece~~er of sa~d mwtgaged property aif and S~~u~ar, iMit~ n~ a~i and singutar the income, profus, issues and revenurs from whofever
s-.,•ce derived, each and every oi wh:ch, n be~~g eap~ess'y undz~stood, u here~y mortgaged ss i4 spec~f~ca!!y ut forsh and described in the g~anr.ng and
I:abendvm c,avses hereof, and such Rece~rer sha,~ ha~e au the broad and efiecr,ve funct.ons and powers in anyw~se emrested by a~ou~t to a Rece+.er, a~d
s_ch appointment shjli be made by such Court as an ad~itred Equ~ry and a ma!rer of a5so;ute r.ght ro sa~d MORTGAGEE, a~d w~tho~t re{erence to tne
edequaty o~ inadrquacy at the vatue of the p.ope+ry mortgaged or to rhe so.e~cy or ~nso .ency of sa~d MORiGAGOR w tl,e defe~dants, and thaf svch
re~!s, proffts, inco~Te, issues and reven~es shat~ be app~~ed by such Rece~ver ac.ord,ng to the ~~en w eqwty of sa~d MORTGAGEF and the pract~ce oi s~ch
Co:,rt.
8. To d~!y, promp!:y and fu1!y perform, discharqe, ezecure, e;fect, con+pfete, compl~ w[rh and ab3de by each and every the st~puiaiions, agreements,
cenditbns and covenann m sa~d promisso-y no'e and ~h:s mortgage set forth.
9. That in the event the owncrsh~p of fhe mortgaged prem~se:. or any pan the~eof, Eeccmes vested in a perwn other than the MORTGAGOR, the
4~~itTGAGEE, irs successws and ass~gns, ma;, w~+hou~ not~ce ro fhe AtORTG~OR, deal w~fh s:,ch successor or successo~ ~r ~nterest w~fh reference to th~s
-o•~~age and the debt hereby secured in the same manner as w~~h tAorrgago• w;+lw:ut ir, any way vit:ating or d~scharg~ng the Mortgagori Gab~Gty herr
,nder or upon the deb~ hereby secured. No saie oi ti~e pre-*~ses hereby mnr~gaged a^d no lorbearance on the part of the ?hORTGAGEE or its sutcessors
o• a:s~g~s and no exrens~on of thc nme fo~ the payment ot rhe debt h=reby secured g~ven by the MORTf,AGEE or its svc~esaors or ass[gns, a~~all operate
ro ~elease, d~scharge, mod~fy change or afiect the or,g.nal 11ab.,:ty of the MOA?GAGOR here~n, either in whoie or in part.
10. It is spec:ticalfy agreed that t~me is of the esser.~e of this contrac~ and that no waiver oi any obl;gat~on hereunder w of the obiigation se-
cu•ed hereay shal~ at any tiroe thereatter be he~d to be a wa~~er of the terms hereof or of ihe instrurnent secured herby_
I1. In add tlo~ !o the foregc ng mor.th!y paymems of pnnc pa! and interest req~ired by the p~om ssory ne'e s:cured Fcr~by, mo:tgayor covenaMs
~ agrees to .~ay to mo-tgaqee N~+fi each ~omh y pa,+.;em an add ~~cna~ s~m es~ ated b~ mongagee to be eq~a~ to 1, i2 oi the ann„al cost of the foiiow~-
E '
~ A-A~k real property taxes ~evied or atsessed agal•~st th~ above desr•~bed r~a~ es~ate.
B-PI°T.:U^•13 cn f;re and aindsto•m ~nw+a^ce as ne~c:n reqo red to be ca~r:ed ch the ~r+;:~oveme~ts s,tuate on thc above desu;bed prem~ses.
C-Premwms o~ such rr.orty>ge g~a+anty irsu~a~ .e as m0'}gay^ee sha'.1 frcm i~e to ':~~e deem fi1 to carry on the loan secured hereb/.
~ Morrgagee sha~l frem r~~e to r~me ~ci~f~ me.+yagor ~n wr~s,ng of ;he a~.ov~! d.,e and pa~•abie hereunder and such sv~n shal! the.eupon be due and
; 3.abie on the d~e dare of :he ne.t mo~th'~ payment and each success~ve ~nomh thereafter uctil mortgagee sha!I nanfy mo•tgagor of a change in wch
i ~-:~unt. S~ch s~ms s*a:i ix app:~ed by mor,gaaee to+vard tRe payment of rea! preperty taaes, insura~ce prem:ums, and mortgage guaranty irtsurar.ce
~ •em~vms.
F IN ~rITNESS Y.'HERcO~, th~ sa~d MORTGAGCR hai he~eu~to set his hand and seal the dry and year first aforesaid. ~
~ ~ed, Sealed and de~ive~6E! jn the p~e~e~ce of:
~ i t~; 1.~~.~-T J t ~.s ~ ~ (Sesl)
a = ~r ewe tsean
j l~~ ~ ' ' . (Sea+>
' AI1118 ie ~@1i61~1 (Seal)
~ S ~ ATE OF iLORtDA
~ ;OUNTY OF Sti. LUC18 ~ ~
~
~ Before me penonally appeared R8r2~f ~@T~i~11~I1 and
~ Anna HSI'~8 ~9Y@Z~.pTI his wife, ta me well known and known to me to be
r~e individuals dcscribed in and who eaec~ted the foregoing instrument, and atknowledged before me that they eaewted the same fw the purpoxs
i rherein exFressed. And thc taid ~Tlna ~Sri@ ~eif911~IL1
~;fe of the sa~d Har~1 A• ~e~~ , upon s separate end p~ivate
A'. e.am~na~:on by me taken separate and apa~t from her sa~d husband, acknowledged to and before me that she executed said instrument freeiy and vofun-
~ ~an:y and w~tho~~t any compulseon, co~srra~nt, apprehen n, or~ear of w fram her sa]d husband.
~t./C.
WITNESS my fiar~ and off;ual seal this_ day of ~ua A. D. 19~
` Notary Pub1K in and iw the S~ate of Fbrid• at lar9e
My Comm~ssion eaprts: ~i~,~ /~~S
- Return To:
First Federal Savings a loan Assoclat.on
' Of :ort P erce '
Fort P~erce. F:onda . • . .
ft~fG a~?~. ^~cO4DE0 - .
ST.ll3C~: •.,;i;A~Y FU. _ . . _
~iQG:= i :,~RAS ~ - .
This fnstrument Prepared By J. H. RObe2'ts d2'. ~t'`~~' ~~a~Rt~ ' - `
First Federa! Sav+ngs 8 Loan Association ~ ~ ~ + ` 'i . ' n' ~
of Fort P;erce ~ F1o2'id8 4 ~l 01 ~H . ` '
- ~~D ~
s~y Checked By ~ ~
~.,~s`~~ -
BQ~K ~~9 F.,~: 534
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