HomeMy WebLinkAbout1204 3. To place and cor,~~n~ous°y ~eep on the 6ui a~ngs no+u or hereafter fitvetc on sa~d land and on alt ~quipmeM ~nd pe~son~~~y cove~ed by this mor
age, wnh all pre.~il~ms +hereon pa d~n fvl~, t,ro inswance m ihe ~sua{ •iande~d po:~cy form, in a sum aHproved by the MOAiGAGfE, and w~ndsto
;naurence ~n the ~suel a!andard ~i.cy lorm, in • wm appro~rd by the MJRTGAGEE, in such company or tornpan.es af ~he 1.50RTGAGEE m
d~~cc~; a~d all fire and w~nduorm inwrance pol~c~es on any of sa~d bu~'d~ngs, any interest iherein o~ pa~t thtroo(, in the aggregaTe s~~n aloresa~d
in tacesa ~hereof, shalt co~r~;n e1:e us~al ~ta~~dard mo~~gegee rause or ~uch o+her cla~se as ~he Mortgagee may requ.ro, making Ihe foss unda~ f.+~d po
c~es, each and rvery, para~'e to sa~d A10RTGAGEE as ~ts interrst may appear, and each and eve.y such po~~cy sha~l be promp~iy ass gnrd and de,~.erad
any held by sa~d S!OR!GAGEE as fur~har sec~rity ro uid n:artgage debt, and, not lesf than ten (l0) days in ad.ance o( the expnanon of each po!~cy, to d.
~,~er ro sa~d !.10RTGdGfE a renewai therrof, toge~her with a.ecr~pt (o~ the prem~um oi such re~ewal: and ~here iha~l be ~o I~re or windstorm i~svra~c
p•.aced on any of sa~d b~~!d~~gs, any inte~eit therem or part thereof, ~nles~ in ihe form a~d w~fh the ioss payab!e as aforesaid; and in the event any su~
of money bccanes payab'e vndcr such poGcy or pohc~es said MQATGAGEE sh~ll have the opt~on to recrive and apply the w~ne on accovm of the indrbt~d
ness secured hrreby or to perm~t ~a~d MORIGAGORS to recr~ve ar.d use it a a~y pan I/:rreof fo+ o:n~~r pvr; ~s~s. .•.:Tho.t th:~~br Lv~~.~ ~3 .r ~~~a..~•
~~g any ~qu~ty, lien a~~ght under u by vuwe o1 thiz mo~'gage; and in ~he eve~t sa.d MORIGAGORS shall fo~ any reason !a~l to keep ~he sa~d premisrs so
nsured, or fail to de:wee prwnptly ~ny ol aa~d pol~c~es of inswante to sa•d MORTGAGEE, w fait promptty to pay fu~ly any pre~~~~~~r+ theretor o~ in a~~y
resped fail to pe~form, d:scharge, eYecu~a effect, tomp:ete, cc~nply wiih and ab~de by thit tovenant, or ~~y pert hrreof, sa~d MGRTt3AGEE may piace a o
pay for s~ch insurance or any part fhereof wnhovt waiving or affecting any opt~on, lien, equ~~y, or r~~ht unda a by vhtue of ih~s Mortgage, and thc
t„u amovnt of eech and every such paymcnt shap be ~mmcdiately dua and payable a~d aha~l bear interest from the date thereof until p~r! at the rate o~
~~~~e per cenwm per ann~~n and ro~r~hrr w~th such inrerest shai~ be srwred by the lien of ihis mwtgage.
1. To permit, cammit a suffer no waste, impairment oa detcriorat~on of said propcrty or any part thereof.
5. To pay all and singuFSr the costs, chargcs artd e=penses, includ~ng a reasonable sttwney't fee and costs of abstracts of title, incu?red o? paid at
A~y t;me by sa~d MORTGAGEE, br_ause w in the event of the fa:lu~c on the pa~t of ~he said MORTGAGOR to duly, pranptly and futly perform, d~scha~ge
;.ewfe, effect, compfefe, coTpty w~rn and ab.de by each and every rhe stip~'.at~ons. ag~tements, cond~nons. and covenams of sa~d pro:n~ssory note a;}d ih~s
,:ortgage any or eiihe~, and sa.d co~ts, charges and expenses, each and every, shall be immed~atrly d~e and payablr, whethei o? not rhere be no!~ce d~ ~
n,and, attempt to co:lect or wit pend.ng; and the futl amoum of each and e~ery such paymem shall bea~ inrerest lrom the date thereof untii paid at ~he ~
o~ n~ne per cent~m an~~~ anc ali sa~d cus~s, ckarges and exxnses ~ncurred oi paid, ?ogether wah such i~~erest, thall be secured by the I~en of th~a
mortgage. c
6. That (a) in the even~ of any breach of thu Mwtgage w defau~t on ~he part of ehe MORTGAGOR, or (b} in ~he event any of ss:d sums of money
he.e~~ refened to be not pranpr!y and f~~ly pa~d w~rn~n th,rty ~30) days ne,i aTrer the seme uvera:iy becon:e due and payable, w~thout demand or notrce, ~
cr ±c) in the event each and every the stiputaT:ons, agreements, cond~t~ons and covenants o~ sa d prom~ssory note and th.s mortgage any w e~ther are not S
~u!y, promptly a~d fully performed, d.scharged, exec~ted, eifected, completed, compi,ed with and ab~ded 5y, then in e~ther o~ any such event the ~a~d ag• ~
g-egate sum mem~aned in sa~d prom~ssory nofe then rema~n+ng unpa~d, with inferezt accrued, and atI moneys securcd hereby, shaU become d~e and pay- s
ab e forthw~rh, er thcreafter, at the opf~on of sa:d MORTGAGEE. as fully and canplete~y as ii all of the aa:d sums of money were or~gina:ly s~~pu:aied
ro be pa:d on such day, anythmg in sa.d promasory nore or in fhis /dortgage to the conrrary no~~v~rhstandu~g; and thereupon w thereafter at the op~~on of
sa,d MORTGAGEE, without nonce o~ demand, w~t at iaw or in equ~ty, the~efore or thereaher begun, may be proxcu~ed as if all moneys sec~red hcreby
nad mat~red pr~W fa ~ts insr~tut~on.
7. That in thc event that at the beg~~ning of w at any t~me pend~ng any suit vpo~ thit Mwlgage, or to foredose it, or to reform it, o~ to eniorce
payment of any cfaims he~evnder, sa~d MORTGAGEE ahall apply to the Coon har~ng i~nsd•r~on thereof for the appoimment of • Rece,ver, such Cou~t shail
io~thw"eh appoint a recelver of sa~d mongaged property aIl a~d s~nguiar, inctud.ng all and a~~~g~tar the incorne, profits, iswes aod re~enues from w?~ate~er
s: ~~ce derived, each and every of wh:ch, ~t be~ng eapress~y unde~sfood, ~s hereby mor~gaged as if spec~(ically xt tonh and deuribed in the grant~~~g and
hsbendum clavses hereof, and such Rece~ver shali have all the broad and effecr,ve Fvnct.ons and powers in anyw~se eroruated by s Court to a Recciver, a~~d
:_,n appointment shall be made by such Covrt as an ad:nitted equ~ty and a matter of absowte nght to said MORTGAGEE, ~nd withaut refere~ce to the
adeq.:aCy «~nadeqvacy of the value o1 +he p~operry mongaged or to fhe so.vrncy or ~nsoivency of sa~d MORTGAGOR w fhe defenda~rs, and tha+ such t
~e~~s, profits, incane, issues and revenues shali be appi~ed by such Recener accord~ng to the lien or equity of said MORTGAGEE and the praUice of s~,ch r
Court.
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8. To duly, promptly and fu!!y perform, d~scharge, execute, e~fect, complete, comply w~th ~nd abide by each and every the stiputations, ~gr~ements,
co~di~~ens and covenams m aa~d promis~ory nou and ~n:s mortgage set forth. ~
9. That in the event the ownersh~p of the mortgaged p+em~ses, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the
:""'RTGAGEE, its successwa ar.d ass~gns, may, w++hout noe~ce to ~he MORTGApR, dea3 w~th such svtcessw or successw in interest with reference to th~s
°~o•tgage and the debl hereby securn! in the same manne: as w~th N4ortgago~ w~thout in any way vit:ating a d~xharging the Mongagori fiab~lity here-
~^der or upon rhe drbt hereby secured. No sale of ihe prem~ses hereby mo~tgaged and no fo+bearance on the part of fhe MORTGAGEE or its successors
e~ ass~gns and no exrens~on of the t~me (w the paymem of the de6t he~eby secured g~ven by the MORTGAGEE or its succeasors or ass:gns, a,ull operate a
~o reiease, d:scharge, modify change w affect the orig~r.al fao:Lry of the MORiGAGOR herein, either in whole or in part.
10. It is spec~f~catly a9~eed rhat time ~s of the esae~ce of th~s contract and that no waiver of any obt~gat:on hereunder o? of the obligation sr
c~red hereby shal~ a~ any time rhereafter be held to bE a waiver of the terma hereof or of the inst~umeN secured herby.
11. In add.T:c~ to rhe forego ng monrh!y paymenis o} p~~~c pat and inreresr requ+red by the prom sscry nae so:~~ed hereb~, mortgagar covenants
i~ d agrees to par to mc-+gagee v~:th each monrhiy parr ,ent an ado r~o:~al sum esf ~ a~ed b~ morrgagee to be eq~a1 to 1,' 12 of rhe annual cost of the fo~low-
k
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~ A-AI! reai p~operty taxes lev~ed or assess«d aga~•~st thc a6ove desc~~bcd real esrare.
~ B-P~en:.ums on fire and w~ndsto~m ~nwrar.~e as here~n req~ red to be camed on the ~mproveme~tt s~tuate o~ the above described premises.
~ C-Pre~r~ums on such mortg;ge guaran!y ir.surar.te as mo~tgagee sha:l from t me to time deem fit to carry on the loa~ secured hereby_
~ Mortgagee shal! frcm Nme to t;me not~fy morrgagor m w+it~ng of the amount dve and payable hereunder and s~ch svm shall there~pon be due and
~ayabie on rhe d~e dare of rhe ne¦t moroh:~ payment and each s~ccess~ve monrh thereafter ur.~il mertgagee shall notify mortgagor of ~ change in such t
; o~nr. Such sums s~a:i be app:~ed by morrgag>e toward the payment of reai property tazes, insurance prem:urns, and mortgage guaraMy insurance ~
~
4 .-~~emiums.
~ Ipl V~ITNESS 'lIHfREOf, t sa~ MORTGAGOR has hereunto set h~s har,d and seal the day and yesr first afweseid. ~
~ ` , iig , Sea an v in the prese~c~ of: ~~/f~~ ~
- - ~aLs ~-r--i' T/1-s~..~3-O~~ (Seal)
~ _ Laurell T. J nson, a singl~~~dult
r
- - (Seaq
~ '
z
~ - (Seap
~ 5?ATE OF FLORIOA ~
~ ! ~
~ ~OUNTY OF St . G1C le ~ ~ `
Laurell T. Johnson a sin le acfult '
Befwe me perwnally appeared f g ~ ~
~ - FO(~p(o me wel! known and known to me to b~ ~
~ rhe ind;v~dwi~ described in ~nd who exec~ted the fwegoiny instrument, and acknow{edged befwe me that ~ executed the same for the purposes ~
he
rS therein eapressed.
~a
3 WITNESS my hsnd and offiual seal this_ day of Februar A 19 72
' ~
otary Public in and iw t tate of Fbrida ~t la~e #
My Comm~asion expires: ~ 8
~ Ret~m To:
~ First Federal Savings d Loan Assouafon • .
5 Of Fon P erce.
- Fon P~erce, F:or~d~ FILEO tti'_'^ =ECGROED .
- SL Lt1C~T ~.~UNTY FLA•
RG:.~' 'r0~TR11S / , ' , . -
~e EF R .:'Jt7 ~OURT ; ` ;
P f ~ ~ R; V"_ ~ c i; r.,..~ -
This Instrument Prepared By Richard K. Kayes ~u ~ f- = :
first Federal Savings ~ loan Association ~EB ~ 13 i1~ '
of Fort Pierce ~ Flor ida 2~~n~
;y V
~ - Checked By JL-_
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aoc~ P~c~~2~ '
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