HomeMy WebLinkAbout0460 3. To p'ace and cont~nuously keep on ~he bui'dr.gs now or hereafter ~~tuate on sa~d ~and and or. a!~ rqv~p~nrnt and personally cove~ed by this mor
+~e, w:th all premiucns ihcreon pad i~ f~;l, f~ra 6:su~ance ~n the uwat sfa~~dard po;icy form, in a su~n a~.pro~ed br the MJRt"vaGEE, ar.d w~»dsto
:nsurancr in ~ha uwal s+anda.d pol.cy tor~n, in a sum eEproved by the h10ATGAGEE, in such con~pany er co~~~pan:es as ihe htORiGAGEE m
dnect; and all fiie and w~ndstorm insurante poi~c~es on any of sa~d bviid~ngs, any interaat the~ein or part thcreo~, in the aggr.:gate sum aforesa~d
in eacess thereof, shall ;ont~in the usvsl srand.;rd morfgagre da~se or wch o~her ciause as the Atortgagre may ~equ.re, mal.~ng tha ioss undr~ sa~d po
c~es, each and eve~y, payabte to sa~d 110R1GAGEE as its imerest may appear, and each and e~e~y such po ~cy sf~all br prOmplly asa gned a~~d dat~vered ;
any held by sa~d 1.10RfGAGEE as furrh~r s=cur~ty to sa~d mortgage debt, and, not less than ?en (101 days in ad.ance o( tt+e expiration of cach policy, to d.
i~ver to said MORTGAGEf a renewat ~hereof, togethrr with a rete~pt for the premium o~ such ~enrwal; and ~here shafl be no f~re or windito'~n insurant
placed on any of sa~d bvi!d~ngs, any interest there~n or par~ thr.eof, unless in the iorm and wi~h the ~oss payable as aforesaid; and in the event any sun
ot mooey becanes payable under s~ch poticy or po6cics said MORTGAGEE shall have the opt:on to recci~e a~~d app!y ttre sa~t~e on account of the i~~dabt~d }
~eu Setured hereby or to permit sa~d MORiGAGORS to receive ar.d use it w any port tl~•~:aol for e:~}~ t~.ur~ ~ses, :..~~~':~t ~F~ ~~=~•"7 ~
:~g any equ~ty, lien w right under or by vifwe of Ihis mccegage; and in the evem sa~d M0~2TGAGORS sh3!1 for any reaaon fail to keep the sa~d premises so
;nsured, or fail lo tleliver prOmptly any Of sa~d po~~ues of iniwa~te to said h10RTGAGEE, or fai; promptly to pay fu:ly any p~e~~uurn thcrafot o~ in a~y
respect fail to perfwm, d~scharge, execure, effect, complete, comply wi~h and abide by this covenaN, or any par~ hareof, sa~d MGRTGAGEE may piace a~~a
pay fa such insurance o~ any part thereof wirhout waiving or affecting any op~ion, lien, equlty, or nght under o~ by virt~e of this Mor~gage, a~d the
f~ll amount o( each and e~ery tuch paymeM shal~ be i~nmediately d~e and payable and shall btar inlerest irom the datr Ihereof until p~ed a~ the rate o1
n~ne per cenrurn per ar.num and togr~her ~nirh sucn interesr shafi be secured by the lien of th~s mortgage.
L To permi?, commit or suffer ~o wasle, in:pa~~ment w deteriotation of said property or any part the~eof.
5. To pay all and singular the costs, charges and expenses, indudmg a reasonable attomry's fee and costs of abstrads of title, incurred o~ paid at
any ti~r.r by said MORIGAG:E, because or in the eve~t of ihe fa~lure on the part of ~he said MORTGPGOR to duly, pro+nptly and futly pe~iorm, d~scharge.
~xacute, effeU, comptete, canply wuh and ab;de by each and every the stipvlat~ons, agree~nents, conditions, and covenants of sa~d prom:sso~y note and ih~s
~~or~gage any or e~~her, and sa:d cosrs, char9es and expenses, each and every, shall be immediately due and payable; whether or not there be notice de
mand, attempt to coltect or suit pend~ng; and the fuil amount of each and e~ery such paymeM shall bea. interest from the date thereof until paid at the
+r o~ nine per crntum Ncr a~in~:»; a:~d ail sa+d cos~s, ct,arg~s and rxrenses ~rxurred or paid, togethar w~th such interest, shall be secured by ~he Gen of th~i
mor tgage.
6. That {a) in the event of any breach of this Mortgage or default on ths part of the A10RTGAGOR, or ;b) ~n the event any of sa:d sums of money
F,erein referred to be not promptly and tu11y paid ~vithin th~.ty (30) days next after the same severa:ty become due and payable, w~thout demand or notice,
or iq in tha event each and every ~he stipu~ations, agree:nents, cond~;~ons and covenanrs of sa d p~omissory nofe and th~s mortgage any w e~ther are not ~
i~ly, promptly and fully performed, d.schar~<d, executed, effected, compteted, compGed with and abrded 5y, then in enher or any such event the sa~d ag
yregate sum ment~oned in said pronussory nctz then rema~ning unpa~d, w~th interest accruzd, and a~i moneys secured hereby, shall become due and pay-
ao.a forthw~th, or thereaftet, at the opt~on of sa~d MORTGAGEE, as fully arul completelv as ii all of the aaid sums of money were w~g~na'.ly st~pulated
to he pa,d O~ suth dcy, anythina in sa.d prom;ssory note or ir. this Mortgage fo the contrary no!w~rhseand:~g; and Iherevpon or thereaher at the opt~on o1
s=,d MORTGAGEE, without notice or demar.d, suit at law or in equ~ty, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby
c:d matured pnor to rts mstitution.
7. That in the event that at the beg~nn~ng oi or at any time pending any suit upon this Mortgage, or to fwedose it, or to reforn it, or to enforce
p.~yment of any claims hereunder, said htORTGAGfE shall apF'y to the Co~rt having ~unsd.ttion the;eof to~ the appo~mmeM oi a Receiver, such Court shail
fcr:hwith appo~nt a receiver Of saitl mortqaged property aC and singu~ar, indud:ng a~l and s~ngular 7i:e i~econee, pTOhts, issves and reven~es Irom whatever
s, :,rce derived, each and every of wh,ci,, it be~ng eapresi'y undersaood, is hereoy mortgaged as if spec:(icaity set forfh and descnbed in the grannng and
,;,endum cia~ses hereof, ar.d suth Rece~ver shau have a11 the broad and efFecnve funct ons and powers in anyw~se entrusted by a Cou~t to a Recriver, and
s_;h appoin2me~i1 shall be made by such Court as an ad:nltred equ~ty and a maner of ab:o!ute r~gh? tc sald MORTGAGEE, and wifhout reference ro the
e~i^q~,cy or inadrqvacy of tF.e value of the proprrty mortgaged or to the so,vency or ~~so:.ency of said MORTGAGOR or the defer~dants, and that such
~•s, profits, inco.ne, issues and revenues shall be applied ~y such Rece~ver accord~ng to the lien or rquity of said MORTGAGEE and the prauice of such
COVfT.
8_ To du!y, p~ompt:y and ful!y perfo.m, d~scharge, execvte, ef~ect, complete, comply with and abide by each and every the stipulations, agreements,
c~;;d~tions and covenann m sa~d promissory nore and this mo.rgage set forth.
9. Thaf in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the
;•^dTGAGEE, its successo~s ar.d ass:gns, may, w]rhour no~~ce to rhe MORTGAOR, deal w~th such successor or successw in Imerest with reference to this
orrgage ar.d tfie d~bt hereby secured in the same manner as w~th ~dortga9o. w~thaut in any way vitiating or d~schaig~ng the Morfgaqors' liability here-
:,~•.der or u~wn the debt hereo~ secured. No saie of the prenuses hereby mortgaged and no forbea~ance on the pan of the /AORTGs>GEE or its succeSSOrs ~
v assigns and no eatens:on of the nn,e for ihe payment of the debt hereby secured given by the MORTGAGEE or its svccessors or ass~gns, ahalf operate
!o re~ease, d~scha:ge, modify change or affect the orig~nal liau,;rty of the N.ORiGAGOR herein, either i~ whole or in part.
10. It is spec~f~ca~iy agreed that time is of the easence of this contract and that no waiver oF any ob~igat~on hereunder w of fhe obligafion se-
c:,-ed hereby shai~ ar any nme thereaher be held to be a N'd~Vt~ 04 the terms hereof w of the i~~strurnem secured he~by.
I1. In s:icl.t:c~ to the forege ng ~~~onihfy F:ayrr.ents of p~~^c pal and interest req~~red by the prom sscry no!e s~cured herab~, m~rtgagor tovenanis
, d ogrces to pay to r:ortgagee ~n~th each r cnih'y pap..e~:t ar, adJ:rlonal wm ,:s~ ~ ared b,r mortgagee to be eGuaf to I, 12 of r:~a act~iual cost of the foliow-
~ , ~
A--AII reai prop^_rty tax=s ie~ne.a. or assess_d ag~i~~st th: above descrEbed ~real estate.
f 6- P~:rr:~~~ns on f~re and w~ndstorm mw~arce as here~n req~~red to be carr[~-d en the ~mproveme~tz s~tvate on the above d=scrlbed prem~ses.
I C--Prem~~:r~i o~ such mortg_,ge gear;nty icwra~Re as mo~tgagee shai! fio~• i~me to time deem fit to earry on the ba~ secured hereby.
f f.lortgagee shail '.•om n:ne to ti~ne nofif~ mortgagor ~n writing o1 the a~:ou~t d~e ar.d payable here~ndrr and such s~m shall thereupon be due and ~
{ ..:+ble o~ thr d~e ciare of ihe ~~ext r,:o-:th:y pa~meM and each wccessive rnonth thereafr~r ur.tit mcrtgagee sha!I nohfy mortgagor of a change in such '
~ o~nt. $uch su~ris s~'.a:i be app:ird by mortgagee to.vard the payment of rea: property taxes, insurance pfem:vms, a~~d mortgage gvaraMy inwrance
~ .~~r~>>iums.
~ WITNESS `+YHEREOf, the sa~d MORTGA,r,02 has h~reu~~to set h;s har.d and sea: the day and year fir aforesaid
~ ed, $ealed and d.~ er d in ~he presence of:
~ ~ ~
(Seal)
~ ' F1lEC aR~ ~.Ct~:~eEO Lio T o
~ - ST. lUC'c C~UhTY F~A. t~s~~
e - / RfiG~ ~ i+~aAS
~ - (Seal)
~ - - - o~ ~~~~~~c r ; ;;CUkT ~i ClOtllde F Ta 10 (Seaq
, . . '
~ =.1;,TE OF flORIOA ~ j~ g 9 36 aH '~L
~ ~JUNTY OF $t • I.i1Cle_ _ 1 231109
Before me pe~sonally appeared Llovd , Taylor a~
~ _ ClOt11C~@ F. Taylor _ h~: wife, to me well known and known to me to be
individ~afs descr~bed in and who executed the fwego~ng instrument, snd acknowledged before me that they executqd fir sarnR fOr jhe p~rposes
~ }~rein expressed. And the said___ ClOtllC~e F. Taylor _ . ~
~ r..~c of the sa~d ~ Ta 10r ~ ~
~ -Y-__ - - ~ !IP9h f'~P+?1b and privaee
~ ~.•am~nat~on by me taken separate and apa~t f~om her sa~d husband, acknowledged to and before me that she eaecvted ~;iR~1ryp+Mf<fhtlr and volun-
~ ~:~y ar,d v.~thovt any compu~sion, cor.straint, apprehen7s:on, o fear of o~ frorn her said husband.
WITNESS my hand and offic~al seal this_ 1~~~~ day of_ e - ~,%1. O. 19 72
a Norary bt~c~
i~ for t}y S~ate Of_ , ta~p~
~ . ~ . ;
v; My Comm~ssio~ expires: ,j+~'..,~~~~~ ~ ~
Return To: ~ r+ n
s First Federal SaYings 3 loan Associot~on NOTARY ~~Ci~~~IE O1 RORIDA st LARGE
Of E.,~r P_-c ~ h1Y COMMISSION EXPIRES SEPT. 25, 1975 ~
Bonded gy Amercan Bankets Insuranoe Go.
~ iort V~. ~ce. F!~nti3
y '
y9
i~
~ This Instrument Prepared By H. Roberts, .It.
First Federal Savings & Loan Association
of Fort P~erce~ Florida
~
~ Checkeci BY IN ?AYMEM Of TIU~3 ~
~ y goa~ 203 F~ 4
~ ouE oN cus~ M. ~ :,,~,e:r ~ ; . awo~xn,
~ /URS1lANT TO CW1FriER ~1•13:. 1k:+S 0? 1y71. /~1~~
v~
~iiEA PWTW?S~ CIKt Grait Cowt. SL lw~ Co. Ra.
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