HomeMy WebLinkAbout0558 3. To piace and cont~nuo~sly keep on the bu~'.d,r.gs now or hereafttr ?ituate on s~~d ~and and on aC ~•~~ip+nenf and personally cove:ed by thie mo~
ege, w~th all prem~~~ns thereon pa d ~n full, luc insu~ance in tne ~sual standa~d po+~ty form, in a s..~n aF~roved by thr titOR~G%.:,EE, a~~d w~:~dsto
~nwra~ce in Iha usual sta:~da.d p~t•ty for~n, in a sum approved by the MORSGA~ifE, in such Company or compan~es ds the A10RTGAGEE m
dnecr, and all fire ar.d vv~ndstorm insuiance policies on any of sa~d bu~ld.ngs, any inlere~t therein or part thereol, io Ihe agg~.:gare w~n aforesa~d
in excess ~hereof, shall ;on~:,~n the uwal :randa:d mor~gagea ciause or such oiher dause ai the hlor~ga~ee may req~~re, maAing ~hr ~oss undar sa~J po
c~as, each and every, parab'e to sa~d A~ORIGAGEE as rts interrsl may appear, and each and every such po~~cy shall be p~omptly ass qnrd a~~d det~.ercd ~
any held by sa~d ti10~2~GAGEE as iu~~har secur~fy to said n~ortgage drb~, and, not less tha~ ten (10I days in advance oi ~he exp~rut~on of aach pol~cy, to d.
1ave~ to sald MORTGAGEE a rene+va~ ~hereoF, toge~her with a rece~pt for the p~em~um of such rentiwa~; and ~hrre al,a~l be ~~o i~re o+ w~~~~s~o~~n insuranc
plated on any of said bui!d~ngs, any interest therc~n or part ~hereof, un!ess in the (orm and w~+h the ~oss payaule as aforesa~d; and in the event any sun
01 money becomes payabie voJrr s~ch policy or po6cies sa~d MORTGAGEE shall have rhe opr~on to rrccive :.+;d app'y r~r sa~ne on acco~.~t of the i~~drb~~•d
nrss sxuird hereby or to pern,~t sa~d IAORTGAGORS ro recrive and use il d any part lhrr..ol ror o:n•.~ ~.ur;.~s~s: •.:rt~,~,;t ~hr~..~: •v..~~~~~ o~ r~~a~~'
ing any eq~ity, Gen or riyht undar or by virwe oi this moregage; and in 1he event sa~d MORiGAGORS shall for any reason fail to kaep the sa~d premisrs so
~nsu~ed, or fail to delivcr pro~nptiy any of said poftizs of inwtance to said MORTGAGEE, or fmt promptiy ro pay fu~:y any pre ~~i~~n thcrator or in anY
respec! fail to perform, d.scharge, execuie, ettec~, complete, comply wi~h and ab~de by ih~s covenan~, or any part h~reof, said MORTGAGEE neay p~ace a~~d
pay for such ins~rence or any part thrrcof wnhout waiving w affeUing any opt~on, lien, equ~ty, or ngh~ u~:der a b~ virwe of ~his Mortgage, and the
f~N amovnt of each and e.ery s~ch payn:ent shatl be ~mmediately due and payabte and shall bear interast from th,~ date thcreof until p~id at the rate ol
+~~ne per cen~um per ann~m ~nd w~~ah~r v.~~h wch inaer~-.:r sha~l be s~~cured by the lien of th]s mortgage. ~
1. To permit, commit or suffer no wasre, impai~ment w deterioration of said property or _a~y part theraof.
5. To pey all and singular tFw costs, charges and exExnses, induding a reasonable altorney's fee and cosn of abstracts of title, incurred or paid at
any ti~r.e by sa~d MORiGAGEE, because or in the event of the failure on the pan of the said MORTGAGOR to du!y, pra~~ptly and fu:ly perfwm, d~scharge.
=.~~cute, e}fec~, compte~e, comply w~rh a~d ah:de by each and every the etip~la~,ons, agreements, cond~tlons. and cove:~anrs o~ sa~d pro:nlssory noTe end th~s
;:ortgage any or e~~F~er, and sa d cost:, cha~gzs and expenses, each and every, shall be immrd~ately dur and FayaWe; whe~her or not there be ~o~~ce da
n~.ind, atternpt to collect or wit pe~~d~ng; aiid rhe full a~nount oi each and every such paymeM shall bear inrerest from the date thereof until paid al the 3
-.•~o oi n~ne per centum p~•r amw~n; ~~~c: aii sa~d eosfs, charges and ea;xnses ~ncurred w paid, ioyrther wuh such ~n~erNSt, shall be secured by the lieo of th~~
mortgage. ~
6. That (a) in the event of any brra:h of this Nlortgage or default on the parl of the MORTGAGOR, or ;b) .in the event any of sa:d sums of money i
herein refe~rrd to be npt promNtly and f~lly paid with~n th~rty (30) days neat afte~ the same severa:ly become due and payab~e, without demand or ~otice. ~
or ;c) in the event rach and eve~y ~he stip~lations, ayreemeros, condi~ions and covenants of sa.d promissory note and th~s mortgage any or either are nol
iuly, promptly and I~IIy performed, d~scharged, eaecuted, eifected, completed, complied w~th and a~~ded `~y, then i~ e~ther or any such event the sa~d ag-
~reyate sum menhoned in sa~d prOmisiory note then remaining ~npaid, with interest accrued, and a~i ~none~s secured hereby, shalt betome due and pay
aa~e fo~~hwith, or thereal~er, at the opr~on of se~d MORTGAGEE, as fully and completely as ii ali of ~he s3~d wms of money were onglnally snpu:ated
fo be pr;d on such dcy, anythir.g in sa d pro n;ssory note or in this tilortgage to ~he co.itra~y no~w~thstand~,ig; and the~e~pon w thrreafter a~ tAe opt~on of
s. d I'dORTGAGEE, w~tho~t ~ofke or demand, sun at law or in equrty, therefore w thereai~er begun, may be prosecuted at if all moneys secured hereby
n_:d matured pr~ot to its msiitution.
7. That in the event that at the beginn;ng of or at any ~ime pend~ng any su~t upon th~s Mortgage, or to foreclcse it, or to reforrit il, or to enforce
F.~yment oF a~y c~a~•~s hrreundar, said 1'.10RiGAGEE shall apply to the Cour~ hav~ng ~ur~sd:c+ion thrreof tor the appo~ntment of a Receiver, such Cou~t shail
-!hwith appc~nt a receiver of said merigaqtd prope~ty a!I and singutar, indud ng all and s~ngula~ the irtcome, prof~ts, issues and revenues from whatever
s, ~~ce derived, each and every of wh ch, oeu~g exp+ess?y unders~ood, is hereby mortgaged as ~f speofically set fo~th and described in the granting a~d
>~~endum cia~ses hercof, ar.d wch Receiver sha~i have ail the broad and effec!~~e funu:ons a~d po~.e~s in anyw~se emfusted by a Court to a Recai~er, and
s. ;h appaintment shalt ~ n~ede by wch Cowt as an ad~nitted equrty and a matrer of absofute right to sa~d MpRTGAGEE, a~d wirhou~ refercnce to the
i_~qvacy or inadrq~aty of the vatue of the property mortgaged or to the so.venty or insolvency oF said MORTGAGOR a lhe defe~dants, and. that such
•!s, protits, inco,ne, iswes and reven~es shall be appi~ed by such Rece~ver accord~ng ~o the lien or eq~ity of sa~d MORTGAGEE atxl Ihe practice ol wch
Court. _
8. To duty, prometly and ~ul~y perform, d~s:harge, execute, effect, comple~e, comply w~th and abide by each and every the stipuiations, agreements, ~
co-:dltions and covenanrs ~n sa,d promisso:y note and th:s mortgage set forth.
9. That in the e~ent the owne.sh~p of the rnorrgaged prem;ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:^RTGAGEE, irs wccessors and ass~gns, may, wirho~t nonce to the MORTGAOR, deal w~th wch wccessor o~ successor ~n interest wirh reference to this
'ro•t9age ar.d thr d_ol herrby sec~red i~ ine same manner as w~rh hlortgagor w~thout in any way vit;oting or d:scharging the Hlortgagors` liabiiity her~ t
;i~_r or upon the deLt herei~~ secured. No sa!e of ihe crem~ses hcreby mortgaged ar.d no forbearan~e on the pan oi the ~dORTGAGEE or its s~ccessors
c- asvgns and no exrens~on ot ~he r.:n2 for the payme~t oi the debt hereEy secvred g~ven by the 1lORTGAGEE o- ns wccessors w asslgns, a:~all operate
to re~ease, d~scharge, mod~fy change or affect ~he orig.nal liab~E:ty of the MORTGAGOR here~n, either in whole or in part.
10. It is spec~fical~y agrred that t~me is of the essence of th~s contract and ?hat no waiver oi any ob':~ga~~o~ hereunder or of the obligatan sr
c.;red hereb~ shali at any time ~hereaher be hetd to be a wa~ver of the terms hereof or of the mstcumeM secured M:rb~.
S 1. In ;::;d.t:o~ ro ~h~~ torego~n~~ ~nonth'y paym~nts of princ~pal and interest requ~red by ihe prom~sscry no!e secured ha.reby, mortga~or Covenants
, d eq.ees to pay ro n:cr+.~.igce v.~th each mon±h;y pa}~ ~ent an add~r:onal wm est n:ated by mortyagee to be equai to 1. 12 of thc an,~ual cost of the foliow-
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A-All rcal f:rop+~*!y t3aas ~e~~cd or as>ess•_ti ay3~^st th~ above describcd real estate.
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6 Pr~•r. o r~z on fire and w~r.dsto~:n insuracce as here~n req~:red to ba carrird cn thv irr.;:rove•ne~ts s~tvate on the above d^scribed prem~ses.
i C--Pre:~~w~r+s o~~ s:,ch mort~..ge guar3ntv ~csv-a~.ce as merrgagee sha~{ frorn r me ro t~me deem i~t to carry on the loan sec~red hereby.
€ Mortgagce s!~a'! !~om f~n,e ro n:ne noiify ,nwtyagcr ~n writ~ng of the ar.,ou~t doe and payable here~ndrr and such w~~ sh.ul ther~~pon be due and
~ .,,:~ie on ehc c'.~e da!e of tn•~ n,rtt n~o•~th ~ payme~~t and each successrve rco~th thereaftrr uctil mcrtgaaee sha!t not:fy mortgagor of a change ~n such
~ r,nt. S~ch su,ns s~ be a:,p'~i~d by mwtgay~e to~nard the payment of real pre~.erty taxes, inwranct prem.ums, a:~d mo~tyage guaranfy insurance
~•e•niums. -
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I tN \'~IT~~E~S ':':H:REOf, ihe sa~d M' iGAGOR has hereunto set his har.d and seal the day and year iirst aforesaid.
g Signed, Seated and delivered in t esence of:
!
~ - - ' (Seal)
RO J StBffOn ~~,q
~ - - Beth • taf o ~sea )
~ S'ATE OF FLORIDA ~
SS.
~ : ~uNTY Of I31C~9 I
~ Stafford
Before me personally appeared Roger J• and
~ B@ti~l ~i• ~i8ffOl"d T his wi(e, to me well known ar.d known to me to be
~ ind:~.id~als describnd in and vvho executed tha fwego~ng instrument, and acknowSedged before me that tF.ey eaecuted the 7~,ame tw the purposes
~ ~ Beth C. Stafford Y`~
~.•;~e~n express?d. And the sa~d- ~r°'~`" T
~ '
~ :.:fe of the sa.d _ RO eI' J. ?~t~~ • c-.
- - - - ~ ~ s~FwB~, ind prhr~t~
_ am ~ar~on by mr taien separare a„d apen from Iwr sald husbar.d, acknowledged to and before me that she executed sai _ jns~t~w~pf eely ~nd volun-
~ ~~y ar•d w;tho~t any co:~Nu;sion, co~tsttaint, dpp.•eh n~:~n, or fear of w from her sa~d busband. '1,•' 2 i
WITNESS my hand and offic~al seai this day of_ _ J ~ a.. 1Q ~
~ - :
rj N tary Pub!~c in and for t Stat~~~~{o/ida N Lst~:
~ My Comm~ssion tapires: :
- , ; ~ '
Retvrn To: ~ .
F~r:r federal Sa+~~~ s 3 toan A33ociat~on NOTARY ~USt IC ° i 1TF F~ ~lQ~~A AT.~..ARO~ 4_ "
~ MY Ct • . ; ';v _ : "i 2. I9~# • • ~S
~w O~ io-r v•~~~ G£lVEfL\L Ii:~;~Fw;/i;t Ui~D'eit'~1~RITERS, ~N~'1t:re::t~~:•'.
Fo~t P~:~rce, F:.:r~~~~
3 ' ~-'1'S . _ .
- . Fll£0 ~.k: ~c~C~zOED
fT.ll/Clt :3UNTY FU.
R~G~ - F.• 'aa5
t This Instrurnent Prepared By Ga:y F. a1KOOd Clfpr. C^„!: CQURTy~~
First Federal Sav~ngs & loan Assotiation RFtnpr ~•rj. .`~rn_~_~'
~ of Fort Pierce , ~'lorida
•t~ _ .w~i 9 4 oa PM '~1
Checked By ~t~ -
~iw r ~ ~J~ 23i1.'70
dpz?~ F~Ir~f
,
~g
1 S
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