HomeMy WebLinkAbout1803 3. To ptace and continuously keep on tht bu~ d~n9s novv or he:~•aftrr e~+~~te on sa~d ~and and on ai~ eq.,~p~~~ent and pe~s~nally cove~ed by th~s ma
ege, with all premivmi ~hereo++ pa,d in f~ll, fire insura::c~ in tha ~w~l ar:+n~,~d po'~cy iorm, in a sum aHpro~ed by the MUR~:,:.i3EE, and w~ndsto
~nsurance in the uwal standud po:.;y form, in a sum appro.ed o~ the A1pRTGAGEE, in wch co:npany or co~n~~an~es as the titORTvAGEE m
ci~rect; and all (ire and w~ndsrorm insurance oo:~c~es on a~y of s3~d b~,~:o ~~gs, any in~e~ei~ fher<•~n o~ part thcieof, in the agg«•yaee sum aforesaid
in excess Ihertof, shall :ontain the uswl st~^dard mw~g.~yee c aus~ or s~ch o~he~ cl,~~se as the hlortgagea may requ.re, ma?~ng thr wss u~~drr sa~d po
c~es, each and eve~y, payab!e to sa~d A10RTG4GEE as ~ts ~nnvcsr may apprar, and each ~nd eve~y s~ch po:~c~ sha~f be pro~~ptty ass g+~rd and da~~.~rrd ~
any held 6y said MORiGAGiE as further s_curity ~o sa:d n:o:~ge~e deo+. and, ~o~ ~ess than ten i101 deys i~ ad:ance o( the exp~ranon of each poe~cy, to d~
Gver to said MORTGAGEE a renawal Ihereof, together w~!h a rrcr~pt for ~he pram~~m of wch ren.:aa!; and ~here s~w'~t br no iee or w~~~lato~m insurant
plated on any of sa;d bv~td.~~gs, any interest there~n or pa~t rF«r~~of, ~~'~•ss m fhe fonn and w~!h ~he ios: payab!e as aFcresa~d; and the eYe~:t any sun
of money becomes payab~e under such policy or poGcies s~~d A10RiGAG~E sh~U have the opt;on ro retr~Ye a~~d apF:y tha sa~ne on acco~:~t of the indrbt~d
ness sec~red hrreby or to pe~mit sa~d MORTGAGORS to recrive and use it w~ny pirr ih•r~~~of ior o~~:~•< cses. o~t ~h ••..>r ~r~~~+y or ~~+~p..~~
ing any equAy, lien o+ r~ght undrr w by vinue of ~his mc:c~ay~; anJ in thr evznt sa:d MJRiI;,AGORS shi!I for any rrason fail to k~~ep the sa~d prem;srs so
insured, or fail lo de~~ver promptly any of sa~d poLcies of insucance to sa~d MCRiGAGEE, ot fa:i p:omptiy to pay f~::y any pre~~~:.~n therator or in anY
~espect fail to perform, d~scharge, e:ecute, effect, canpteta, co:np:y wi~h and a~~de by th~s covenanr, or any part harrof, sa~d MI.~RT'vAGEE may p~ace a o
pay for such insur.~nce or any part the~eof w~~hout waiving or affec~ing any op~~on, Iren, eq~.ty, or nyht vnder or by v~rrue of th~s Alorrgagr, and the
tu~l amoum of each and e.ery such payment shall 6e nnmtdiately due and payable and shail bear inrerest from tha date thereo` unaii p„~d at the rate of
~~~ne per cenwm per annum ond to~ath~•r w~~h sucn i:~ie*tsr shai~ be sacured by the I~en of th~s mortgagz.
1. To permit, commit or suffer no waste, impairment or dcrer~or.~tion of sa~d property or any part thereof.
S. To pay all and singuiar the costs, charges ard eaF:enses, includmg a reasonable attorney's (ee and costs of abst~acts of title, i~curred or pa~d at
any time by said MORIGAG`.E, because or in the evem of the (a.lure on the pars of the said MORTGAGOR to duly, piomprly and f~;ly perform, d~scharge.
>axute, etlect, comp+ete, comply w~th and ab.de by ea:h and every the s~~p~~a+w~~s, agrerrr~ents, cond~nons, and covenants oi sa~d p:an~ssory note and ~nis t
n:ortgage any or either, and sa!d costs, charges and expenses, each and every, shall tK immrd~ately due and payabte; whether or not there be nonce d~
mand, attempt fo cotlect or suit pend~ng; and the full a~wunt of each and e:ery svch paymero shatl bea. int~rest from the date thereof until paid al the
~,re of nine per cenrum pcr an~~u n; ond aii said cosrs, ci~a,ges a~~d tapc•ris~=s incurred or pa:d, toyrthe~ w.th such interest, shall be sec~red by the I~en of th~~
mortgage.
b. That (a) in the event of any breach of th~s Mortgage or defa~tt on tha part of the MORTGAGOR, or ;b) ~n the event any of sa:d sums of mo~ey
hrrein referred to be not promprly and fu.ly paid with~n th~rty ;3J! days nex~ a~t.~r the sa:ne se~e+a'ly beco+ne d~e ar.d payab!e, wifhout demand or nouce,
er (c) in the event each and every the stipu~at~ons, a9reementt, cond~tio~~s ar,d covenanrs of sa d prom~ssory noie and th~s mortgage any or either are not
j~ly, promptly and fully performed, d,scnarg~d, executed, effected, tompieted, cumpl~ed ~vi~h and ab~ded 5y, then in e:ther or any such event the sa~d ag
~regate sum mentioned in said promisswy note than remaining unpa~d, v.ith inter~sl acuued, and atl moneys sewred hereby, shatl become due and pay-
ao.e forthwith, w thereafter, at the opnon of s~~d AtORTGAGEE, as fuiiy a~~ comp;ese!y as if a~l of tl,e sa~d sums of mor.ey were onginady st,pulated
ro be pa~d on such day, anytning in sa.d prom~ssory note o• in inis ti5ortgage to the comrary no~.v~~hsia~~d~~~g; and thereupon or thereafter at the opnon of
s.j:d MORTGAGEE, without ootice or demand, suit at law Qr in equ:ty, therefore o~ therrafier begun, may be prosecvted as if all mo~eys secured hereby
r,d matured pr~or to ~ts inslitutio~.
7. That in the event that at the 6eginning of or at any t~~ne pending any su~t upon rhis Mo.tgage, or to fweclose it, or to reform it, or to enforce
payment of any ciaims hereunder, said MORTG~GEE shati apply to the Couri hdv~ng ~u~:sd.c:.on fhereot fw tne appoemment of a Receiver, such to~rt shafl
fc:thwith appoint a rece;ver of said mortgaged property ali and singu:ar, inc:udng a~l and s~i~g~iar the income, prof~ts, iu~es ar.d reven~es f~om whafe~er
seurce derived, each and every of wh:ch, it being expressly undersrcod, ~s te:~>by mor~g~g_-d as ~f sp~uficafly set forth and described in the grantin~ and
t,sbendum clauses hereof, and such Receiver sha~I ha+r ail ~he broad and eftecnv? funcr.ens and po.~ers in anyw~se entrusted by a Court to a Receiver, and
s_ch appointme~v sha~l be made by such Court as an adnitted rg~ify and a~ratter of a~so:ute r~gM to sa~d MORiGAGEE, and without reterence to the
ad~quacy or inadequacy of the value of the property mor~gaged or to ~he so.vrncy o- ~nso:vency of sa~d M.ORTGAGOR o~ thr defendants, and that such
r_~nn, profits, incane, issues and revenues shali be app:~ed ty such Rec~~ver eccord.ng to the Gen or equity o1 sa~d h10RTGAGEE and the Fractice of such
CouR.
8. To duly, promptly and futly perfo~m, discharge, execute, eitea, compiete, co:~~piy w~th and abide by each and every the stipulations, agreemants,
:onditions and covenanss in sa~d promissory note and th;s mortgage set io+th
9. That in the evem the ownershtp of the mortgraed prem~sPS. or a„v part thereof, becomes vested in a person other than the IIiORTGAGOR, the
.'ORTGAGEE, its successors ar.d assigns, may, without nonce to rhe +'dORTvi.OR, deal wnh wch successor or s~tcessor in irterest with reference to this
~~x~gage and the denf he.eby sec~red in the same manner as ri:ih L1~rtgagor •,rvAhout in any way viY:ating or d~scharging the INortgagors' liabitity here-
cnder or upw~ the debt hereby secured. P+o sa'e of the Fre~r:scs h~repy mortgaged and no forbearance on the part of the /AORiGAGE: or its successors
c~ assigns and no exter.sion of the t;me ior the payment of the debt h~~rety secured given by the l~tiORTGAGEE or its successors or ass~gns, ahall operate
~o re!ease, dscharge, modify change or aifect the orig~nal I:au~:uy of the h10RTGAGOR here~n, either in who~e or in part.
10. It is speciFic311y agreed thar time is of the esserce ef thls contracr and that no waiver of any dbl:gat~on hereunder or of the obligaYwn se-
c~red hereby shall at any time thrreafter be he!d to be a waiver of the ter~.:a hereof or of the instrument secured herby.
11. I~ atid t:u~ to th~ fo~eao ng •nunth!y paym_nts of pri :c pa! and in~erest requ~red by the prom sscry no'e sec~~ed hereb~, moriga~or tovenanis
j~.d agr_es ro pay to mo:tgagae v~rh each moNhiy pay:,:ent an add,nonal sum rst,n~ated by mortgagee to be equai to 1; 12 of tl;a ann~al cost of the follow-
~~g:
!k-AI( real property taxas levi~d or assessed aa3i^ai th^ ai.ove d~sc!i~•_d reat estate.
B-Pren:~~ms on fire a^d ~vindstorm insurarce as ne:c~n req~;red to be carr.ed cR tn? ~m;:rovemz~ts s:tvat~ on th= above d_stribed premises.
C-Premiums o~ s~ch mostg~ge guaranty insura~.ce as rnxtyagee shaSl irc•r ! me to t:me deem fit to carry on the ioan secured hereby.
Martgagee s~a!I <.rom rfine to t~~re nerif~ mortyoger ~n w~if,ng of the ac:o,,~t du~ and payable hereundrr and such su~: shall thereuFon be due and
: 3yable on the due dare of th~ ne~t :i:onih'~ payment a:~d each s~ccessive mo~.th fhereaftrr ur.tii mc~tgagee sha!I not!fy mortgagor of a change in wth
ount. Such sums sFa.l be ap~~:~rd by mortgagae toward the pa;ment of real property taxes, insurance p~em,ums, and mortgage guaramy insurance
p---emiums. ~ ^
IN V11TNE5S WHEREOF, the sa~d MORTGAGCR has hereu-~to set h~s hand and seal ths day and ye~ ' st afo aid. " ~
~ Si ned, Sealed and iiv r in the presence of: i
~ _
~`i(Seal)
; Le and S. Nelson, Jr. ? ts~an
s ; ' u ,t~f ~7?L!_ ~ ~n- (Sea1)
~ _ _ _ Jun e G_ Ne 1 son ~~aq
s
s
3 STATE OF FIORIDA
~ ~ S5.
~ COUNTY OF S.~. I_u[~ie (
~ Before me personally appeared 1--e 1 and_ S. Ne 1 son, .JI . _ a~
; June G. Nelson his w~fe, ro ~ we ~nolwn
il- an~ 1cno+~rn to me ro be
~ ;he individua{a described in and who executed the foregoing instrument, and acknowledged beforc me that thty pxLWkd the:WMl,.(or 1hA•purposes
~ Nelson ~ ~ " 't'
~ rherein expressed. And the said June C~i. _ ' -
~ wHe of the said Leland S. V6150I1~ .jI . ' upors a`sepirah:and private
examination by me taken separate and apart from her sa~d husband, acknowledged to and before me that she exeeuted ii' ~~strumem_ {~ee1~L and voluo-
; rar~{y and w~thout any compu~sion, co~straint, apprehens~o1n,~,or fear of or from her said husband. ~ • ti,- ' :
~ WITNE55 my hand and official seal this_ I~ LL day of ZCh ' ./t, D. 19 72
3 • • _ 4~: .t,
. ~ }
~ Notary Publ~c in and for ~?hd5~t
~ ei~_.[b,~k{~~( lsrye
My Comm~ssion expires: ' % ' 1 ' ~i
_ Return To: NOTA(~ PUB(1(ti' STATE Of FIORIDA at URGE
First Federal Savings S loan Assouat;on MY COMIfISS~ON EXPIRES SEPT. 25, 1975 r
Of Forr F e:ce. BonEed By riqn Bankea Inwrance o•
~ Fort Pierce, Flor~da
; FtlEO AND ~~COflDEO
ST.IUCtE COUMtY FIA. ~
IiOCER PO?tRA$
Cl~k~c C~~~~lt COURT
This Instrument Prepared By John ~y. Collins RECOFJ~E~'~F~E~~
~irst Federal Savings & loan Association 7
~ of Fort Pierce ~ F lori da ~~R 20 08 pH ~ 1 Z
Checked By -
= 2258~3
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BooK200 ~~~80z -
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