HomeMy WebLinkAbout2362 3. To ptace and continvously krcp on ihe b.,~:d~ngs no.v or hereaiter f~wate on sa~d ~and and on a~; equfp~nent and personaliy covered by tF.;s n,cN
ege, w~th •II p~e~~~um~ thereon pa.d in full, f~re ins„ra~~ce ~n the ~wal s~anda~d po'~cy form, ~n a s.,m aHproved by rhr MUR~v::uiE. a~~d +~~~~dsto
;nsurance in tha usual s~andard pot•cy form, in a sum appro:ed by the MORTGAGEE, in such tompany or com~~an~es as ~he ~:021~AGEE m
d~rec~; and all fire and w~ndstorm ini~rance poi~c~es on any of sa~d tw~id~~9s, any interest therein o~ part thrrrof, in the aggregate s~m afues3~d
in eaccss thereof, shall ;onfain tAe usual a~and~rd mor~ga9ee c~a~se or wch ofher da~se as the Matgagee may requ.re, makuig ~he ~oss undrr s„J po ~
c~es, each and every, payab'e to said A10RTvAGEE as ~ts ir.trrest may appear, and each and every such po~:r~ ~E~a1t tx prempuy ass g~~ed n~~d de.~.~roJ '
eny held by sa~d MORTGAGfE as fur~her sec~rity ro sa~d n:ortgage debt, and, not less than ten (l01 days in adaance of ihe e~E~~~onon of eech po!:c~, to d~
t.ver to sa~d MORTGAGEE a renewal ~herrot, ~oge~her wiih a rece~pt for the p~a:~~i~m of such renewai; and ~here sha~t be ~ro f~re or v~,~:~„istc•~~, ~nsur,~nc
placed on any oi sa~d b~~!d~ngs, any interest therem or part thzreof, ~n'esi in the form and w~th the ioss payable as aforeaa~d; ar.d ~n the e.e~~t a~~y s.,n
of money becomes payable under such policy or po~~c~es said h1QRTGAGfE sh~It have tha oNT;on to ~ece~ve and apH:~ thr aa~:~e on a:cou~~r of U,e ~ndet c~•d
nrss secured harzby or ro perm~t sa~d MORTGAGORS to rece~ae ar.d use it a any pan N,.~.eoi 1cr e~:~• ~ u.,~; ~s..~z. ..,~~.~.t ~h `
~r.g any equ~ty, Gen w~~gM undrr or by v~uue of thia mortgage; and in ~he evem sa;d MORTGAGORS shall 'or any rcason fail to krep the :a~d p~e~n;s_s so ?
insured, Or fail b deiiver prOmptly dny Of Said pol.Cies Of in3u••anCe 10 said MORiGAGEE, O~ foi: pcJmPtty t0 pdy fu~:y any pre~n~~rn thrrc4or or in a•~y
respect lail to pe~form, d~scha~ge, eaewre, effect, completr, co~npiy wi~h artd ab~de hy th~s covenant, o~ any par~ h~•reof, sa~d N.GRF;,:.GEE may p~ac~~ a a
pay fw such insurance or any pan there~f w~~hout waiving or affecting any opnon, lien, equ~ty, or nghf under or b,r vu~ue oF ih~i hlortgage, and ~hc
full amount of each and e.e~y wch payment shal! be ~m,ned~ately due and payab!e and shail bear interest irom tha dare thereof u~~~il p.,~d a~ ~he rate ol
n~•,e per crnrum pe~ annum ar~ to~c~hrr ~n~!h wch inre~est shaii be szw~ed by the I~en of th~s mortgage.
io permit, tommit or suffer no waste, impairment o~ deterioration of said property w any part thareof.
5. To pay all and sirgu~a~ the costs, charges and expenses, including a reasonable attoiney's tee and costs of absrracts of titte, incur.ed or paid at
any tim.e by sa~d MORTGAG'E, because or i~ the event of the 1a:iure on ihe part of the said MORTGAGOR to duly, pro~.~p~ly and f~;ly p~riorm, d~scharge.
=xzcute, ef(ect, comp2et~, comply w~th and ab:de by each and every ~he stipulauons, agreements, cor.d~t~ons, and covenanrs of sa~d F~o:n~ssory note a~,d ~h~s
:~~urtgage any w e~ther, and sald cos~s, charges a~d eapenses, each and every, ahall be immed~ately due and payab:e; whe~her or not there be no~~ce da
mand, attempt to co!lect or suit pend,ng; and thr full amoum of each and every such payment shall bear intcrest irom ihe date the~eof until pa;d at the
~~~e os n~ne per centum per annu~; and all sa~d cosrs, charges a~~d ex;,enses incuned or paid, together ~v~th such interest, shatl be srcured by the i~rn of th~s
mortgage.
6. Thaf (a) in the event of any breach of this Mortgage or default on tM part of the MORTGAGOR, or (b) ~n the evrnt any o( sa:d sums of maney
hrrein referred to be not pro~nptly and lully paid wrthin th;riy ~30) days next arrer !he same severa!ty become due and payeble, witl,our demand or notlce,
cr ic7 in the evero each and every the st~pu:at~o~s, agreements, cond~;~o~~s and covenams of sa d promissory note and th~s mortqage any or enher are not
~u:y, promptiy a~d fully perfo~med, d scharged, eaecuted, effected, canpleted, compt~ed w~rh end ab~ded 5y, then in e~ther w any such event the sa~d ag~
3regate sum menti~ned in sa~d prom~sswy note the~ remaining unpa~d, witA inrere;t accrued, and a~l moneys secured hereby, sha~l become d~e and pay
a5.e fonhwith, or thereafter, at the opf~on of said MORTGAGEE, as fully and comple~ely as ~f all of the sa~d sums of money wcrc or~g~na:ly s~~pu~ated
!c be pa:d on such day, anything in sa d prom~sswy note or in ihis Rlortgage to the contrary notwithitand~ng, and there~pon or thereafter at the opron of
sa.d MORTGAGEE, without not~te o~ demand, suit at law or in eq~ity, therefore w thereafter begun, may be prosecuted as if ali moneys secured hereby
r._d maturcd pnor to ds institunon_
y_ That in the event that at the beginn~ng of w at any time pend~ng any suit upon this Mortgage, o~ to fweclose it, or to reform it, or to enfor~e
;ayment of any daims he~eunde:, sa~d MORTGAGEE sha'.I apply to the Court havir.g ~unsd:c~~on thereof for the appo~ntment of a Receiver, such Court shail
icr.hw~th appo~nt a receiver of said mertgaged p~operty ail and singular, incl~d~ng ail and s~ng~~a. ihe income, profas, issues and revenues from whatever
s_:,~ce derived. each and every of wh,ch, ~t be~ng expressly understood, is hereby mor~gaged as ~f spec~ficaily set to~rh and described irt the g~anting and
h,bendum cla~ses hereof, and such Rcceiver shati have atl the broad and effecrive lunct,ons and powers in anyw~se emr~sted by a Cou~t to a Receiver, and
s_,h appointment shall be made by suth Court as an adnitted equity ar.d a matter of absol~te r~ght to sald MORiGAGEE, a~d withou~ referer.ce' to the
adequacy or i~adequacy of the val~e of the property mo.tgaged or to the so.vency or ~ns~~vency of sa~d N.ORiGAGOR or the defendants, and that such
+•~^ts, profiu, incane, issues and revenues shali be app:~ed by such Receiver accordmg to the lien a equity oi s~~d MOR7GAGEE and the prachce of such
Court.
8. To duly, prompt!y and fully perform, d~scharge, execute, effect, compiete, comply with and abide by each and every the stip~~at~ons, agreements, ~
;onditions and covenants ~n sa~d promissory rr~te and th:s mortgage set forth. !
,
9. That in the event tF.e ow~ersh+p of the mortgaged prem~ses, a any pa~t thereof, 6ecomes vested in a person other than the MORTGAGOR, the
.'~RTGAGEE, it3 s~ccessors and asvgns, may, wirho~t notice to the MORTGAOR, deal witti such successor or wccessor in ~nterest w~th reterence to tnis
~c~tgage and the debt hereby secured in the same manner as with rAo~tgagor w~thout in any way vit:ating or d~scharg~ng 1he Mortgago~s' liability here-
ur.der or upon the debt hereby secu~ed. No sate oS the Frem~ses hereby mortgaged ar.d no forbearance en the pa~t of the IdORTGAGEE or its wccessors
' cr assigns and no extension ot the time ior the payme~t of the deb~ he+eby secured g~ven by ~he MORTGAG~E o* its successws or ass:gns, a~:atl operate
ro release, d~scharge, mod~fy change or affect the orig~nal liabdity of the MCRTGAGOR herein, e~ther in whole or in part.
10. It is spec~fically ag+eed that time is of the essence of th~s contract and that no waiver of any ob;~gat~on hereunder or of the obligation se-
~ c~red hereby shaEi at any time thereafter be held to be a waiver of the terms hereof or of the instrument sewred herby.
{ 11. In add.t~c~ to the foreqo nq month~y paym~nts of pri~c ~at and imeres? required by the prom,iscry no~e secured hereb~, mo:tgagor covenanis a
~ n~d agrees to pay ro mo-tgagee ~+i:h each rnomh'y pai~~ent an add~:ional sum est:n~ated by mortgagee to be eq~a~ to 1, 12 of the annua{ cost of the fofiow- s
~ ,-~g: i
!
i A-All real property taaes levie~ or assessed agai•,st tn^ a6ove described real es:ate.
f B-Pren:~ums on Lre and w~ndstorm ~nsura~ce as nere~n regu;red to be carr~ed on the [m;,roveme~ts s~tuate on the above descri.ed prem~ses.
i C-~.emwms on such rr.ortg;ge guaranty insurar.ce as mo.tgagee shail irom t me to time deem fit to carry on the loan se<ured hereby.
Mortgagee sha~l from t~me to ti:ne not~fy morrgagor ~n wr~t~ng of the a~^o~m d.,e and payable hereundri and such su-n shail thereupon be due and
:~vab:e on the due date of the next month'y aaymenr and each successive mo~th thereaher ur,tii mortgagee shall nchfy mortgagor of a cnange in suth
` ou~t. Such sums sFaif be a-~i~ed b mort a e toward the a ment of teal ro rt taxes, insu~ance rem;ums, and mort a e uarant insurance
~ P~ Y 9 9° P Y P Fe Y P 9 9 9 Y
~ n•emiums.
; IN Y~ITNESS WHER~OF, the sa~d MORTGAGOR has hereu~to set h~s har,d and sea! the day and year firs~oresa" _
~ ~ ed, Sealed and ive~ed in the presence of: ~ / /
~ ~~i-a i~ .~!-CGti~".1~~,~al)
~ _ Charles A. 1~rner ~~a,~
;
. -'T~- ~<<~~ {Seaq
~ Robf n Turner es~a~~
~
~
/ S?. E OF FIORIDA
~ Lucie ~
~ ~OUNTY OF Jt•
~
~ Before me personally appeared Charles A. Z'L1I'L1C2' and
~ Robin Turner h~s wife, to me well known aod.keqyn me to be
t the individuais described in and who executed the foregoing instrument, and acknowledged before me that they exec~ted• '~3drtq~fW f~ purposes
Robin Tturner '
th>fein expressed. A~d the said ' - <
Y
+.-~fe of the said Charles R. T112'f26I' r
? ~1~-ilpali7~Df1t~ p/ivate
~ e,amfnat~on by me taken separate and apart from her said hu3band, acknowledged to and before me that sFx executed~sai9 i~si~e~t ~te~ly -u+d votun-
_ rariy and w~thout any co-npulsion, constraint, apprehens~on, or fear of or from her said husband. : J' '
- WITNESS my hand and offiual seal this_ ~~~h. _ day of Februa ~ " D. 19~
. • J ~ ` .
Notary Public in and (or'tlN L~N¢~of F a-;~~ _rpe ~
My Commission expires: ~ :b''•••..• ' ~ ~ !
Rewm 70: 7E~A1 FLORIDA at IARGE ?
_ N01ARY aU~lIC~~A . ;
- first Federal Savings 3 Loan Associat~on MY COMMI$$10('rFXPIRES SEPT. 25, 1915 '
_ o~ Fo~r P~: ~e. ~BonAed By Ametiwo Baokers Inwnnce
Fort Pirrce, Ho~iaa
f tfo ~No Rfcowo¢o
f~.lUC1E GOUMt11 flA.
This Instrument Prepared By JOhri ;ollins ROCER PO~TR?S
First Federal Savings 8~ Loan Association CIERK CtaCU1T COUR
of Fort Pierce , Florida RfCORD VfP.ifIEO -
Checked By _ _ fEe 11 'O 37 fW~
- 2~4140
BCOK ~~79 PAGf~~~