HomeMy WebLinkAbout2265 3. To p'ace and continuo~aiy Ieap on rhe Lu~'d~ngs now or hereeitrr vruate on s~,d land and on a~~ .rqu~p~nen/ and penona~~y covr~rd by th~~ mo~
ege, w~th •!1 prem~~ms ~~ereon po.d ~n luil, }:re i~~~urancr .n the ~~swi s~e~.d.,~d po:~cy fO~m, in a ium aF.pro+ed by thr AtUR~:.r.:tsEi. and w~ ~ds~o
~r.surance in tAe usval s~andard po:.cy lo+~». a sum appro.ed by ~he MvR1GAGEE, in s~ch compa~~y or co~npan:es as ~he h'•ORi'v%.vfE m
d~rect; and all lire a~~d w.ndirorm ~nS~rante poLc~es on a~y of sa~d bu~•d,~gs, any interesf ~herein or part the~eof, in the a99~ega~e su~n ataesa~d
in exce:s thereol, s?wll conia~n ihe'uswl sta~:d~rd mo~~gagee ctause ar ~~ch oiher c+e~se ss the hlortgagee mey req~.re, mal.~r.g ine :oss und~~~ se.d po
c~es, each snd every, pa,ab!e to sa,d A~ORIGAGEE as ~rs ~nterest may appear, e~~d each and e~ery wcA po•~cy ~ha;l ?x pron,p~:y au g~~ra a~•d dr.~.~~rrd
eny held by sa~d MORiGAGEE as (~r~he~ secu~~~y ro sa~d moi~gage drb?, and, not :ess than ten (201 days in advance of ~hr e.p~~e~~cn of cach po ~c;. to d.
'~ver to said MORTGnGEE a renewal thereof, toge~hrr with a rrce~pt lor the p~r~nwm oi wch re~~ewal; and there s~a~l be no 1~re or w:ndatu•,n insurenc
placed on ~ny oi sa~d bu~!d~~.gs, any in~erest the~e~n or per~ thereol, ~n:rss in ihe form and wah the loas payeble as ~foreia~d; ar~1 i~~ ~he e.r~~~ a~~y s~~
~ of money becomes p~yable undrr such policy w poLc~es said MORTGAGEE fhell have ~hr opt~on ~o rece~vr ~nd apF!y thr san~e on auou:v of the i~~d~~e+.~d
} ness secwed hr~eby or ro perm~t sa~d M10R~GAGORS ~o rece~ve and use it or any p.+rt t?,.•~rol ro+ o:~~• ~~:ur es.•s :..~n;,.e ~h ~•~p••~
ing any equ~ty, i~en o~ nyht undrr or by v~r~ur of this n~cr~gage; and i~ the event sa:d MORTGAGORS shaA Eor any ~r~son fa~l to Mrep if.e sa,d p~e~~~•s.•s so
~nsured, or fad to defve~ pror~~N~iy any of sa~d poLcies of ~niwante to sa:d MORTGAGEE, or f~~t ptomptly ~o pay iu~:y any pre~~~~.,~n thcr~•io~ or ~r. a'~y
respect fail lo pe~io~m, d~scharye, execute, eftect, cOmpirtc, tomply wi~h and ab~de by this covenant, o~ a~y p.u~ h~~reof, sa~d NIi~RI;,aGEE n,sy F~ace a o
pay iw auch ~nsurance or any pa~t thereof without waiving or al(eding any oNhon, lien, equay, o~ ngM u~der a by vutue of ih~s A1cr~g,ge, a~:d ~hc
f„~I a~no~nt of each ar.d every svch pay~nent ~hall be ~mmediately due and payab!r and shail brar intrrest from ~ha date therrof u~~t~l p.,~d a~ ine rate ot
n~ne pe~ crnwm per annuin m~d te~~•th~~r v~~th s~ch inte.esr shai~ tx srcure~ by the Gen of th~s mwtgage.
1, To permit, mmm~t w suffer no waste, impairn,ent w deter~orat~on of sa~d property w any part thereof.
5. To pay all and singu~ar the cos~s, charqes and expenses, mcl~ding a reasonable atromey's fee and costs of a5~t.acts oF t1Ne, inwrrrd or pa~d ar
eny ti~ne by sa~d MORiGAGEE, because or in the evenf of the fa~lure on the pa~t of ~he sa~d MORTGAGOR to duly, pro~~ptly and Fu,~y pcrform, d~sch~rqe
_.~c~te, e11ec?. compiero, co~nply wJh and aL.de by each and every ~he stipular~ons, agreemems, cond~t~ons, and calenanrs of se~d p~o~n~;sory note a~,d ~~~~s
~ o~rgage any o? e~~her, and sa.d costs, charges and expenses, each and every, shall be immed~atcly due and payabie; whe~her or not ~here tx ~u~~ce d_~
m~nd, attempt to collett o~ svit pend~ng; and ~he full amount of each ard eveiy svch paymem shal~ bea~ imeres~ Irom ~he date ~he~eof ~ntil pa~d at t%:e
c o~ n~ne uer crnc;;n, y~r ~n~~~~~; ~n~ e11 ia~d cosrs, ci,a:grs e~d a•.:~~~~:ses ~ncurred or pa~d, togethrr w~th wch ~nterest, shatt be secured by ihe I~en of fh,~
mot tgage.
6. That (a) in ~he event of any 6reach o( th~s Mortgage or defau~t on tt,s part of the MORTG:IGOR, or ;b) ~n the event any of sa d sums of money
he~cin referred f0 be not prwnptly and fully Da~d wnh~n th.rty ;3Jr da~s neat aner the same se.ere':y beco~ne due and payab~e, without demand Or nen~~,
c~ (c) in the evero each and every ~he sapu~an~ns, a~reemenrs, cond.~~ons and cowenanrs of sa d pro~.uuory no~e and ~h.s mortgage any o+ e~~her a~e not
iuly, promptly and fuily pe~formcd, d schaig~d, eaecuted. eftecred, complered, compi~ed w~th and ab~d~d 5y, then in e~ther or any such event the sa:d ag-
gr,~gate sum mtnr~oned in smd promissory note then rema~ning unpa~d, with inrere;t accrued, and a:l mo~rys aeturtd hereby, shatl bew~~~e d~e and pa~-
ab,e forlhvvith, or thereafter, at the option oi so,d h10RTGAGEE, as f~lfy and comple'cly as if a!1 of ~hr sa~d s~:ns o1 money were or.g~na:ly s~~p~~~aK•d
ro be pr.d on such day, any~hing in sa.d pio:n~ssory note or in ~h+s fAortgage ro ~he tonr.ary nor,i.~thstand~»g; a~~d ~hereupon or thr~eaiter at the op~:o-~ of
s> d MORTGAGEE, w~~ho~t not~ce or demand, su~t at law or in eq~uy, the~efore or tAereai~er brgun, may be prosecuted as if all moneys secured hereb~
r..:d matured pr~or ro~ts instituhon.
7. That in the event that at the begi~ning ot w at any time pend~ng any su~t upon ihh Mortgage, or to foreclose it, or to reform it, or fo er.force
~,ime~t of any cia~ms he~e~ndei. sa~d ti10RTGAGEE shall ap~:ly to the Cour~ having ~u~~sd.cr,on ther~ot for the appo~nt:,,enr of a Receive~, w.h Ccw~ ah,~;!
t. ~ihwnh appoim a r~eiver of sa~d morrgagr.! property all and singu!a~, inCud ng a,i a~~d r~~g~ ar the income, prof,rs, ~ssues acd revenues from v.h~te+er
s: u~ce derived, eath a~d every of wh~ch, d be~ng express!y ~nderstood. ~s ~ereby mo~tgagrd as ~f spec,+~ta.iy xt forth and drsa~bed in the g~an:~ng a~~d
1~bend~m davses hereoF, and s~ch Rece~ver shail have ail the b~oad and rfiec!.ve funce ons anJ po~..ers i~ anyw~se entwsted by a Cou~t to a Receiver, a• d
s.~h jppoinrmem shall bc made by such tu~~t as an ad~uned cqu~ty and a maxe~ of absoiure r~ght to sa:d 610RTGAGEf, e~d v.~~hc~t reference to the
r.t~a„ar~ o. inadeq~acy of the val~e of the proper~y mortgaged or to the so.venc~ or mso•vency of sa~d M.ORTGAGOR or the drfrndanK, a~d ths? wch
••~~s, profits, inco.ne, iasues and re.enues ah~i1 be app~~ed by such Recr~ver accord,~,g to the l~en or eq~~ty of sa~d MORTGAGEE and Me pracr:ce of s~ch
Court.
8. To duly, promptly and (ul~y perto~m, dncharge, execure, effea, comp:ere, compfy w~!h and ab~de by each and every;the stipuiations, agree:.rents,
:;ndifions and covenants in aa~d promisso:y no'e and tn~s morrgaye srr forth.
9. That in the event the ownersh~p of the mortgaged prem~ses. or any pa~t thcreof, becomes vested in a person othe~ /han the MORTGAGOR, the
:'~RTGAGEE, its successoro and ass~gns, may, w~~ho~t no~~:e to the A'ORTGAOR, deai w~~h svch svccessor or successor ~n ~nteresr w~+h ~eference te th~s
n o•tgage and the debt hereby sec~red in the same manner as wrth tJlortgagor w~thout in any way vit~ating or datharg~ng Ihe 1Jler.gego:s' liab~i~ty herr
~~,der or upon the deGe hereby secured. No :a~e of the F~e~~.+ses hereby rnartgagrd acd no torbea.ence on the part of the /AORTGAG:E o~ its successors
or ass~gns a~d no extens~on of the rlme io+ tha Payment of the debt he~eby secured given by the MORTGAGEE o~ its svctesson or ass,gns, s~~all operate
!o ~elease, d~scharge, mod~ty change o~ affeU the ony,nal I~au~~Yy of the MCRiGAGJR here+n, either in whole or in part
10. It is speuficatly agree~! that time is of the essence of this contract and that no waiver of any obl:gat~on hereunder or of the obligation sr
c~~red hereby shal~ at any hme thereafter be he~d to be a wa~ver of the terms hereof o~ of the inatrument secured herby.
I l In add e.c~ to t4,~ fo~rgc rnonth'v p~y~*~•~nts of princ ~laf and i~:~e.rsr requ~red by the prom sscry nae s~.u~ed her~b/, mo,-tgj3or eo~rnants
d ayrees ~o pay ro~•~aty~yr-e ~n~th each monrh y pay~. ent an add~rional sum es' n ateJ by mortyagee to be equal to 1 12 of the ar~ ~ual cost of the fo+iow-
'i
f "'3
~ A-All rea~ prope~?y faxas iev~_~ or assessed egai•~st thc above descnh<d reat esrare.
j B--F'ran:~u~ns on fve ar.d w~ndsro~~:~ ;nw~acce d5 her~~n rcq~,red to be ca-ri~~d e•~ the .m,;roveme~ts s:ruate on the above desu~bed premises.
s C-Premiu~~~s on such mort~~ge guarar,ty ir.wrance as mortyagee shali }rv~~ t rre To time deem f~t io carry on the loao sewred hereb~.
E
Mortgagre s~ail from ?~„e to t~n,e no~ify mortyagor ~n wr~r,n9 of the e~ro.ro d~c and payable hereundrr and s~ch sun s~~a!1 thereuµon be due a~~d
..•,able on the due ciare of the n,:.r month.~ pay~nent a~:d e~ch wccessive ~ro~~th ~hereafter ur.nl mcrrgagee shati not;fy mertgagor of a change in s~ch
- < ounL S~ch sums sha.f be ap~~:ird by mortgagee toward the payment of reat pro~;eny taxes, insurance prem.ums, a~~d mort~age g~aronty insurance
; ~•emiums.
~ IN Y~lTNESS WHEREOF, the said AM1ORTGAGOR has here~nto set his h~nd and sral the day and year ~irst atoresaid.
~ ~igned, Sealed and d~ v~ p~esen<e of_ ~ ` ' (
a j ~ ~ l
~ ,~d - ~ ~ ~-t'.-•~G ~
_ 2,3. ~-t Z l (3~~ C ~ (Seal)
~ ~ k'it ess: Eliza th HoWland, a xidox ,~a,~
- ts~aq
~ ---t.IIe88:__ lSeat)
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~ S i ATE OF ~o~mau Texas 1
} S5.
~ :.JUNTY OF WEBB ~
~ Bef«e me personaliy appeared '~iZa~th H01ilSilt~~ 8 il~dOX ~
~
~ to me well known and known to me to bs
~ tne individvai~ described in and who exewted the foregoing instrument, and acknowledged beFore me thatlhel executed the same for the purposes
5= •herein laprlsifd. 7Mf~ffYt~a~ - -
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X ,
- WITNES3 my Mhd anA official ual fhis_ day of_ ~brua A. D. 19_7~
" . / < i G ~i~ . -L s - i~' -
" Notary Publit in and for the $tat£ of at large
_ My Comm~ssion eapiresJUlle 73 'r@X89
- R~tum Too
'3 First FadHal Savinps b, l.aan Associatlon
- O( Fwt P~trce.
- tiwt , PjKC+. .Flor~da
v= ~ ~ ~II~J AfGWt0E0
?4 ~~OCER
POiT~MS`~ ~
CLERK CIRGUtT COifAT ~
This Instrument Prepared By d. H. RObeI't.9~ Jr. IIEGOtI~ YERIFI£~~
. First Federal Savings 8 loan Associati~n
= of Fort Pierce ~ Florida ~0 18 II 28 AM
Checked BY~-
; BOOK 1~9 Pa~E 2264 %~~~o~~
l~s
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