HomeMy WebLinkAbout0912 3. io ptace and cont~nuo..siy keep on tF~e bui'd~r.gs now o~ he+eairer ~;~va1q on said land and on al~ eq~~p~nem a~~d pe~sonal~y cave~ed by •hia ma
ege, w~~h all pren~~~ms thereon pa•d ~n fuli, Fare ~nw~ance ~n the ~suat Si3~~df(I ppl~~y {orm, in a s.,m ay.proweJ by thr A1pR~CaAGEE, a~~d w~»di~o
~nsurance in ~he uwal s~andud ~wt.cy fonn, in a wm approved by thr M110RTGAGfE, in such cornpany o~ co•npan:es as ihe A~ORTGAGEE m
d~rec~; and aU fire ard w~ndstc~m insuran~e poik~es on a~y of sa~d bui~d.ngs, any interes~ the~cin or Fart thareof, in the a99r.:ga~e wm aforesa~d
in eaeess ihe~eof, sha11 ;om„n iha us~a1 sta~•.dard mortgagre c:ause or such o~he~ cl,use as ~he Mor~yagre may ~eq~.re, mali~g thr ~oss undr~ s~~J po
c~es, each and every, payaL:e ro za~d AtORIGAGEE as ~b in~e~est may appear, and each and every s~<h po:~cy iha:l be promp~:y ais gnrd a~~d de~~~~ored :
any held by sa~d 1,10RIGAGEE as funhar seturity to sa~d n;ortg~ge debt, and, no~ ~ess ~han ten ~10) da~s in ad:ance ot thc expirar~on of each pol~cy, to d~
~~~er to sa~d MORTGAGEE a renewaf thereof, together witA a receipt for the p.e~mum of wch re~~ewai; and tf~are shal! ba +w f,re or w~~~ds~c~m insuranc
p~aced on any oi sa~d bvildings, a~y intrresl there~~ or pa~t thereof, umess in ~he form and w~th ~he ~oss payable as aforesa~d; and in the evem any sun
of money beco~»es payable undr~ wch poGcy or poLcies said MORT(3AGEE shall have ~he ept~on to recc~.a and app!y tn< same on accounr of the indrbrrd
nass secured hr~eby or ~o perm~t sa+d IAORTGAGORS 1o reeeive and use it o? any par~ thr:eof icr o:~~~r ~.~r;_csrs, .,,~i;o.:e ifi,•.,,r .,..~r~~~ :,r ~~e:~,.~-
iny any equ~ty, lien or riyh~ under or by virtue of this mo-'yage; and in the evem sa:d !11pRiGAGORS shall fo~ any reason fait to krep the sa~d prem~srs so
~nsured, or fail to deliver promptty any ol said poi(c:es of insurante to sa~d MORIGAGEE, or fa~! pronipdy to pay 1u~ly any pre~~~ium ther~fo~ or in a~y
respect tail to perform, dlsch;rge, exewta, effect, compietr, co+nply wiih and aside by this cova~ant, or any part h~reot, said MORT;,AGEE may place a~o
pay for s~ch insurance o~ any pa~t thereof W~~hout waiving or aff~ting any optipn, lien, equ~ty, or right under or by virtue of rhis Atorrgage, and fhe
iull a:nouM ol eath and every such paymrm shall b~ immediately due and payable and shall bear inte~est from the date thereof until p~id a~ the rate o1
n~ne oer cen~um per ann~m and to~erh~•r vrith such inter~st shali be srcured by the lien of this mortgage.
1. To permit, commit w suffer no waste, impairment w deteriorat~on oF said prope~ty or any part thereof.
5. lo pay all and singular the coats, chargea and expensrs, ~nc~ud~ng a reasonable attorney's fee and costs of abseracts oF title, incurred or pa;d af
any time by said MORiGAG:E, beca~se or in ~he evem of ~he fa~ture on tF,e part of the said MORTGAGOR to d~ly, pron,pNy and fully periorm, d~scharge.
~.rcute, effea, canple~e, comply w~th and ab:de by each and every the stipuiat~ons, agreements, tondihons, and tovenants of sa~d pro~r~issory note and this
•„orrgage any or either, and sa:d cosrs, charges and expenses, each and every, shaU be immediately dae and payabte; whether er not ihere be not;ce d~
rnand, attempf to colt~t or suit pend~~~g; and the full amouM of each and eve~y such paymeM shalt bea. interest from tAe date thereof until paid af the
~e o~ n~ne pcr ,enfum F,~r en~~un; ot~d a11 said costs, charges and rx+xnses incurred o~ paid, together w~th such interesl, shall be setured by the l,en of th~~
mortgdge-
6. That (a) in the event of any breach of this Mortgage or default on the part af the MORTGAGOR, or ;b) in tl~e event any of sa'd sums of money
hcrein referred to be not promp~ly and Fully paid within thcrty (30) days next aitcr the same se.cra'Iy becon,e due and payab~e, wiihour demand or nor~ce,
tc) in rhe event each and eve~y the stipuiahons, agreements, condaions and tovenants of sa:d pro:nissury note and th~s mortgage a~y w either are ool
i~fy. promptly and fulty perfonned, d:scharg:d, exewted, eifected, tompleted, compGed with and ab~ded Sy, then in either w any such evem the wid ag
3regate sum meroioned in said pramissory note rhen remairnng unpaid, with interest aarved, and aU moneys secured hereby, shall become due and pay
ac.e forthwith, or thereafr~r, at the oprion of said MORTGAGEE, as fully and complete~y as if all of der sa~d sums of money were or~g~nally snpulated
to be pa:d on such dcy, anything in sa.d promissory ~ote w in this Mortgage to the to~trdry notw~thsta~:d~ng; and thereupon or thereatfer at the opfion of
s~.d MORTGAGEE, w~thout nonce or demand, suit at !aw w in equdy, there(ore or thereaf~er begun, may be prosecuted as if all moneys secured hereby
n,d matured pnor to ~ts insnrution. . ~
7. ihat in the event that at the begi~n~ng of or at any time pending any suit upon th~s Mo~tgage, o~ to ~oreclose it, or to reForm it, or to enfo~ce `
~aymenr of any claims he~e~:~der, said A10RTGAGEE shail apply to the Court having jurisd,a~on thercof ior the appomtn,ent of a Receiver, such Courf ahalf
i:.rrhwith appo~nt a receiver of s31d mo~tgaged property all and singular, incivd.ng alt and singu~a~ "t!u' ir.come, qrofifs, iuues aod reveouef from whatever
r_vrce drrived, each and every of .vh.ch, :r being expressly ~nde~srood, is hereby morrgac~ed as jf s,pec.f~~1EY~s@t,forth ~nd described in the grant~ng and ;
F+bendum davses hereof, and such Receiver sha~l have aI~ the broad and effect~ve funct,oni and power's in anyw~se en(rusted by a' C'bi~rt to a Receiver, and 1
s.:h appoir.tme~v sha11 kk made by s~ch Court as an ad~nined egu~ty and a matter of absotute regM to aaid'IV~t~R~GAGfE, eAA wi~fidtif-w~eference to the ~
=,-'_quacy or inadequacy of the va,ua of the property mortgaged o~ to the so.vency or ~nsoivency o( sa~d" NIORiGACiOR o~ •the def4nd4n~, and tha~ such
~.~s, protits, inco~ne, issues and revenues shall be appGed by such Receiver accord~ng to the lien or equity of said Mt7RiGAGEE and the praUite of suth ~
Cuurt.
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8. To duly, promptty and fu1!y perfo~m, discbarge, e~eec~te, effect, complete, comply w~th and abide by each and every the stipulations, agreements, ?
conditions and cove~anis in sa~d promissory note and this mortgage set forth.
9. Tha! in the event the ownersh~p of the mortgaged premises, or any part thereof, 6ecomes vested i~ a pe~son o~he? than the MORTGAGOR, the °
:'~RTGAGEf, its s~ccessors and assigns, may, withovt notice ro the MORTGAOR, deal with such suctessor w successor in interest with reference to thia }
^ o ~gage and the deqt hereby secured in the same manner as with Mortgagor w+thaut in any way viliat+ng or d~uharging the /~longagors' liability here
~-,der or upon the d~bt hereby secured. ho sa(e of the premises hereby mortgaged ar.d no forbearance on the part of tht /'hOR7GAGEE or its svccesso~s
a ass~gns and no ex~ens~on of the nme for the payment of the deb~ hcreby secured given by the MORTGAG~E or its successws a asrgns, a~wll operate
ro release, d,scharge, modify change or affect the orig~nal Iiau:I;ry oi the MORiGAGOR herein, either in whote or in pa~t.
10. It is spec+f~cal(y agreed that time is of the essence of th;s contraU and that no waiver of any obligation hereunder or of the obligation se-
c~red hereby sha;~ at any tin,e thereatrer be held to be a waiver of the terms hereof or of the instrumem sewred herby.
I
11. In add.tEO:~ ~o the fo•ege ~~g r.,onth'y paym^nts of Frinc pal and interesr ~equired by the prom'ssory no'e s:cured hereby, mo:tgagor covenants
agr_es ~o ~ay to n:o'tgagee ai;h each r:~o~:rh~y pa~~..ent ar add,~ional sum esnn:ated b~ morrgagee to be eqval to l 12 0~ ~h~,~y~,wa1 cost of the follow-
A-All real prope.ty t~c.;s Icvied or assessed agai•3st th~ above described real estate.
B Pr~~,•;u~~s on fhe and w~ndztonn ~nwracce as herein requ~r~J to be carried on the ~m~rovem~~ts srtuate on the above d;saibed prem~ses.
C-Premiur~,s on :uch nzortg~ge guaranty ir.surar.ce as mo~tgagee shail from hme io time deem fit to carry on the loan secured hereby.
1'1lortgagee stia l~~om n~:~e to r;;ne nerily mortyaqor ~rP'wrinng af ~he amo~~t due ar.d payabte hereundrr and suth surr: sha!: thereupon be due and
..able on th~~ due d.~te ef the next n;ontF.:r payment a.^.d eacfi successive month ihereafter ur.tii mortgagee sha!I noY~fy mort3agor of a change in such
{.~.Int. Such wms stiaa i„e aYp:ied by mortgagee toward the paymen: of real property taxes, insura:xe prem:ums, a~id rt:onyage guaranty insurance
; em~um5.
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IN \'11TNE55 :'~HEREOF, the sa~d MORTGAGOR has hereunto set h~s hand and seal th~ day and year first aforesaid.
Signed, Seated and ' red in e p~esence f: ~
i
- Sesl) ;
: r k' ~ oyes (Sesq t
(5eal) i
_ _ ' S aron H. Noyes ~~a~~
;
~TATE OF PLORIDA ~ . ~
SS. f
: JUNTY OF - St ~ _~r i a ~
Before me personally appeared I W N and ~
Sharon Noyes his wife, to me well known and known 10 me to be
rh~ individvaIs described in and wko executed the foregoi~g instrument, arx! acknowledged befwe me that tF~ey e~cecufed the same for tfip_ ?oses
~~^~een expressed. And the said Sharon H~ S/ "7s~ ~ c~
NO CS ~
- - :;i:.-- :1-:
:.:f~ of the sa~d r:urray k. NOYeS . ~~.a, `'.~f~
e,n~~at~on by me taken separate and apart from her said h~sband, acknowledged to and before me that she executed said ir?~,nm~ ep1Y .~nd i(QI~l,
:,y and w~thout any corr.pulsion, constraint, apprehen :on or fear of or from her said husband.
WITNf$S my hand and off;cla! seal fh;s_ day of `I ~e ~ * A. D. Hs~,~
:
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. N tary Pub!ic in an for he State q~. ~t '
M Comm~ssion expires ^ - ,l
Rerurn To: ~ . ~l, - ~ 5 ~ , 1
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F+rst Federal Savings d loan Auo:iat;on . ~
O! icrt P ~ ~c '
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fcrt P~;~:e, Ficr;~fa 3
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FIlEO ~4 : ~ ~H~ED
iT.lUC<i ~a~tiTr f~~?. i
ROG-.. ~;.:'~A]
This Instrument Prepared By: J. H. Roberts~ .Ir,N~~~'~;" c-}3rTj ~OU~
R-...'-
First federal Savings 8 loan Association ~~F
of Fort Pierce ~ Florida 33450 g 2!~ All
Checked S ~ ~,Q ~
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