HomeMy WebLinkAbout0761 3. To place and coroinuoosry leep on ~he b~~ d~r.yf no~v or hereahrr ~~e~ate on sa~d tand and on a~~ eq~ip:r.enl a~~d ptrsona~~y covered by ih~s mar
~ge, w~th all pram;,,mi thereon pad m fu!t, fire ~~~s.:r~nce ~n ~he ~sual etanda~d po~c~ form, in s wm aFprored b~ rhz MOR:~.AGEt, and v,~ndsro
imurant! in the usual s~anda~d pot.cy form, in s s~m appro~ed b~• ~he MORiGAGEE, in Suth co~rpany or Compan,es as the RtORTGAGEE m
d~rect; a~d aU fire and w~ndsrorm 1n~~rance po~~aef on a~y of ia~d bu~Id,ngs, any interest there~n or pa~t the~eof, in ihe agg.ega~e sum aioresa~d ~
in extest ~hereof, shall contain the usual sta•~dard ma~gagee c~ause or such orh.+r dause as tha Mortga9ee may ~eq~.~e, ma?ing ihe ~oss undrr s3 d po
c~es, each and everp. pa~ab:e to sa~d MORTGAG~E af ~rs interrsl maY appea~, and each and eve.y svch po:.cy shall be prompr:y ats gned a~~•d de;~~rrrd ~
any he~d by sa~d MORIGAGEE as fur~her secur~ty to sa~d m,ortgage deo~, and, not fess ~ha~ ten (10) days ~n ad:ance of ~he e~p~~at~on of each po~~cy, to d~
I;ve~ to sa~d MORTGAGfE a rcnewal theieof, toge~her wirh a rece~p? for thr prem~um of such renewa:; and ~here sha,! be no f~ie or wn+dsrc~m fnsurant
placed on any of sa~d build~~~gs, any interest therem w part thereof, ~n!e~s in ~he (orm and with ihe ioss parable as a4oress~d; and ~n the e:ent any sun
of money becomes payab!e under such policy o~ poGcies said MORTGAGEE sh~ll have +he op~~on to rnce~ve ;nd ap~::y the sa~~~e on ac:o~:.r of the ~~~drb~~~d ~
neas sec~red hereby or to permn sa~d MORTGAGORS to rete~ve and use it o~ any pa+t rhe:eof to~ c•~~••~ F~~; ~srs. .::m,,,t rh ~~~p~~'
ing any equ:ty, I~cn w rlght under or by virtue of this marrgage; and in the eve~~ fa.d MORTGAGORS sha!I `or any reason fa~l to kaep the sa~d p~em~srs so
;nsured, or fail to de~~ver promptly any of said pol,cies of in3ura~ce to sa~d h10RTGAGEE, or fa:: p:omptiy to pay fully any pre•~~;~~n tt,erato~ or In a~y
respect fail to perPorm, d~scharge, exet~!e, etfect, tompteie, comply with and ab~de by th~s toven~:v, or any part htreof, sa,d MvRT;:,:.GEE may p~ace a~o
pay fw such in~urance or any part thereoi w~~hout waiving a affecting any opt~on, fien, equny, or ~~gh~ unde~ or b~ vi~tue of ;h~s Mor~gjge. and the
i;,tl amoum of each and e.ery such payment shsll be immed~ately due and payable and shad bea~ ~~terest from the dare thereof umd pwd a~ rhe rate of
n~ne per cent~m per annu:n and to3rth~~r vv~th svch interesr shai~ ix secu~ed by the Sien ol th~s mortgage.
1. To permit, tommit p tuffer ~o waste, impairment or deter~oration ot said property w any part therrof.
S. To pay all an~ singula~ the costs, charges and rxpenxs, inci~ding a reasonable attorney's fee and costs of abatracts of title, incurred or pa~d at
any tim.e by s.~~d MORTGAGfE, because or in the even? of the fa~lure on the pa~~ of the said MORTGAGOR ro duiy, promptly and fuity perform, d~scharge
:¦ec~te, effett, compiete, co~nply w~th and ab.de by each and every the st~pulaf~ons, agreements, cond~nons, and covenanrs of sa~d prar,~;sory note a~d ih!~
nongage any or e~~her, and sa:d costs, cha~ges and expenses, each and every, shafl be immrd~ate:y due and payab:e; whether or nor ~he~e be nonce da
mand, atrempt to coliect or wit pendmg; and the futl amount of each and e~ery such paYment shali bear interrs~ from ~he date the.eof ~nril pa~d at the
.,te o~ n~ne per cen~um Etir ann~ n; and au said tosts, char3ea and ea~rnses ~ncurred or pa~d, together w~rh such intereat, shatl be secured by the I~en of th:•
mort~age.
6. That (a) in the event of any breach of this AAo+~gage or defaulr on the part af the ti10~TGAGOR, or ;b) in the event any of sa d sums of money
here~n refenad to be not prompdy and f~lly pa;d wiihm th..ty i301 days nex~ a~ser the same severa iy become due and payab!e, w~thout demand or nonce.
or (c) in the etient each and every the st~puta~ions, agreemeats, cond~:~ons and cavenants of sa d promisso~y note and th,s mo~tgage any or e~ther are no~
~uly, promptly and fully pe~formed, d scharged, e~ecured, eifected, completed, compt~ed w~rh and ab ded 5y, then in e.the~ w a~y such evem the sa~d ag
3~egate s~m ment~oned in said prom~ssoiy note then rema~n~ng unpa~d, wirh in~ere;t acuued, and a,~ mone;s secured hereby, shalf become d~e and pa~-
eo.e forthwith, w therea(rer, at the opr~on of sa;d MORTGAGEE, as f~lly a+~ comp!ete~y as if a~l of r'r,e sa:d svms of money were ong~na:ly st.p~.a~ed
to be pa~d on such dzy, anytM~g in sa.d prom~ssory note or in this Mortgage to tha controry notw~thsrand~ng; and ~hereupon or thereafter at the op~~on of
sa:d MORTGAGEE, without not~ce or demand, suit at taw or in equ~ty, therefore w therrafter begun, may be prosecuted aa if all moneys secured hereby
r,~d matured pnot to ~ts institvt~on.
7. That in the event that at the oeginn:ng of or at a~y t~me peno~ng any au~t vpon thia Mortqage, a to foreclose it, or to reform it, or to enfo~ce
payment of any daims nereunder, said !dORTGAGEE sha;~ app!y to the Ccurt hevieg ~u+~id.ct.on thereat for the appo~ntmen~ of a Receiver, such Coun sha~i
fc~thwi~h appo~nt a rece~Yer oi sa~d mortgaged proprrty all and aing~;ar, inc;vcl:ng a:1 and a~ngu!ar rhe income, p.of~ts, iss~es and re~en~es lrom v~hare~er
s: u~ce der~ved, each and every of wh.ch, ~t be~ng eapress'•y undenroo3. ~s tereby mo.rgaged as if spec.f~~alty set forfh and desuibed in the g~annn~ a~d
habendvm clauses hrrrof, and such Recewer shai~ have a~l the broad and effecnve f~nct~ons and powers in anyw~se ene:vsted by a Court to a Recr~.er, a~~.d
s_ch appoi~tme~it shall be made by such Court as an ad.nltted eqaity and a ma~rer of a6io:ute r~gM to sa:d MORTGAGEE, a~d w~thcu? reference to ~he
edrquacy or inadeq~acy of the vafue of the property mo.tgaged or to the so.vency or ~mo.:e~c~ of sa:d M,ORiGAGOR o~ the de`enda~:ts, and ~hat such
.e~n, prof6ts, inco.ne, issues and revenues shail be applied by such Recr~ver accord~ng to the Gen or eq:,ir/ of sa~d MORTGAGEE and the prairice of s~ch
Court.
8. To duty, promptly and fully perform, d~scharge, exauta effect, complete, comply wrth and abede by each and every the stipu~ar.cns, agreements,
conditions and covenants ;n sa~d prom:ssory note and th:s mortgage set for~h.
9. Thar in the eve~t the ownersh:p of the mortgaged prem~ses, or any part thereof, becomes vested in a per~n other than the MORTGAGOR, the
'..'JRTGAGEE, its succe:so~s and ass~gns, may, wrtho~r no~~ce to the ~110RTG~OR, deai w~rh wch successor or successo~ in interev w~+h reference to thEs
~ o•~gage and the debt hereby sec~red in the same manne~ as w~+h tAo.~gagor w~fhovt in any way vitiating w d~schargfng the ?dartgagors' I~abi;~ry here- :
u~.der or upon the debt hereby sec~red. No sale of rhe Fren,~ses hereby mo.tgaoed ar.d no forbearance on the part o+ the I~IORTGAGEE o~ its s~ccesson
er ass~g~a and no extens~on of the time for fhe payme~t of the deb~ hareby secured g~ven by the N10RTGAGEE or ;rs s~ccess~rs or ass.gns, .~~ail operare
ro re~ease, d~scharge, mod~fy change or aifect the orig~rtal I~ab:;;fy of the AtORTGAGOR hr~ein, either i~ whole or in part.
10. It is spec~f~:ally agreed that time is of the esser.~e ef th~s contract and that no waiver of any ob~~gat~on hereunde~ o? of the ob!igation se- i
wred hereby shal~ at any time thereafter be hetd to be a wa~ver of the terms hereef or of the instrument secured herby.
I 1. In add~ro~ ro rhe fwego ~~g month!~ paymenn of pnnc paI and imerest requ:red by rhe prom'sscry no•e sc:~red h~reb;, mong~3or covenants
~ ~~~d aqr^es to pay ro m.ortgagee ~n~rh each mon:hiy pa,r,er.t an ad:i,r~o~aal sum esT n ared by mortgagee to be eg~af to 1 12 of tne an,~~ai cost of ehe fo~icw-
E
t . A-A!i real prope~ty tarrs lev~ed or assessed ag3i•}st rhe above descri5rd rea~ estare.
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B-Pr~m~ums on fire and w~r.dsre~~n ~nwrar.ce as nere~n requeed to be ca~r~ed on ~he :mrrovements s~tuate on tfi~+ above d^scnbed Frznnses.
= C-Premiums on s~ch morr3age g~aranty mwra~:ce as mortgagee shait iro•r r me ro r~me deem fit to carry on the loan secvred hereby.
; Mo.•!ga^yee sha:! frem !~^ie to.!imt nc!~f~ me•tya3c~ w••!~rg o! !hs a~-c_~~~ d_- a~d pavabte here~~de~ a..d svch s~~-n sha~l thereu:wn be du? and
~ r.~~able on the d~e darr ef ihe ne.t month.y paymem and eacfi success~ve ~north rhereafter uct~i morigagee sha!I not,fy mo-tgagor of a change in such .
~ 1° ovnt_ $uch suina sFa:I be app'.~ed by rteortgagre toward the paymertt of real properry taxes, insurance prem:ums, a~~d mortgage guaranty insurance
:~~emiurttY) ~
~ W E5S Y1HE F, sa' ORTG OR has hereunto set his hand and seal the day and year ' sr aforesaid. )
- Si , Sealed er n the erxe of:
~
~ - / Z ~ ~ ~ -(Seal)
~ an e . orq n ~~a~~
~ ! 7~~c~,...~.o-..~J ~s~an
~ Ethelebbd Borfl~ac4~ (~aq
~ -
SiATE OF FLORIDA ~ i
~ ~ #
~ ~oUNTY OF SL . LI3Cle ~
~ Before me pe~sonslly appeared SLdA16Y R. Bozaman a~d E
~ Ethelebba Sor man '
9 his wife, to me well known and known to me to be
~ fhe individwb desuibed irs artd who executed the foregoing inslrument, ar?d acknowledged before me that they executed the same for the purposea .
rhere7n e:pressed. And the ~;a Ethelebba Borgman _
~l .~:fe of the uid Stanley Borgman , upon a separate and privat~
~ e.am~nat~on by me taken separate and apart from her said husband, at4nowledgcd to ar+d before me that she executed said instr~ment fteely and volun-
~ rar~fy and w~thout any cnmp~isio~, consrraint, epprehens:on, or fear of or from her said busband.
~ 26th January A_ o. 72
WITNESS my hand and offic;al seal th~s_- _ d~y of
tiry Pub~~c in nd for the State of Fbri larye
= /1LEQ AN^ ~~COEIDEO My Comm~uion expiros:
Retum To: 5'T. L~J(I'ii •':J;;NTr F~A, ~ tiOiARY PJSitC STAT4 GF F:-U?!J1 :~'~.~E
First Federal Savings a Loan Assoc~at~on ROGi.• FOETRAS V ~Y i977
Of Forr Pe~ce. C:E=tR ~-CU1~ COIi~T GENE,tO~ :.Dti W~tilu,~, i'tC
Fort V~rice. Flcrld3 4F ~~F^ - . : ~
.:i~f.
J~tN 31 il i9 PH'1Z ~
, ~ , , <<
s~} .
_ .
This Instrument Prepared By John W. Collins ci''••. C~
First Federal Savings 8 loan Association •
~ti ~ J
of Fort Pierce~ Flozida ~~30Q~ _
Checked BY . - - ~
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~z g~~x ly9 760
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