HomeMy WebLinkAbout0394 J. To {,y~~ce a~:d continuously keep on tiie b~i'd~ngs now or he~eafter ~~tuare on su~d ~.u~d and on aL' eq~~pmenl and persona:'y tove~ed by this mor
eqe, w~th all pret~~~~•~:s th~~e~n p~ d in lull, f~~e ins~rance ~~t t1~^ us~at s~dnd~~d po'~cy lorm, in a wm a~.Nro.ed by ~he lt1JK~i~%+GEE, a~~d wi:idsto
••s„rance in ~h~ ~s~al s~~~~J.~~d pol.cy for~n, in a swn appro.rd by ihe MORTGAGEE, in wch con,pa~~y or cmnpan.es as the L'tOR1GAGEE m
d,~~cr, and all fire a,.d w~nJitorm insu~ance po!~c~es on any ol sa~d build.ngs, any intereat the~ein u~ part th~•reof, in the agg«g.+te w~n aforesaEd
in eacess th~~reof, sh,rlt :~m:~in ihe usval stm~dard mongagee c~ause or such o~her c!ause as ~he ldortyagee may requ.re, ma?.ing the ~oss unJrr s~~d po
c_s. each and evcry, pa,;;~e to sa~J A1JRiGAGEE as iis ~nterast n,ay appear, and each and eve~y suth po:,cy si~all be piomptly assgnad a~~d de~~vrr••d '
~n~ h~~id by s~~d ~.tiO~IvAGiE as f~nh:r r:curi~y to sj~d ~~:ortgage dc•bt, and, not less than ten (t01 d3ys in ad~~~~ce oi fhe exp~rsnon o+ each pol~cy, to d.
~.~er ro s.=~d A50RiG~\GEE a(G~1CY:JI IhcreoF, toge~her with a rece~pt tor the prenuum of such renewal; and there shail be no i;re or wi~~dstam insuranc
;•:~,ed on any oi s~~d 'o~~!d~~~gs, any inrerest there~n or part thzreof, ur!rss in the form and wiih the loss payabte as a'.oresa~d; ar.d in the e~eM any sun
af monay beco~~~es payab:e undrr such policy or poLues saEd 1.10RTGAGiE shsll h~ve ~he opt~on ro rec~•i+e ..nd app'y tne san~e on acco~ni oi the indaCtcd
~ss srcvrrd hr+aby or ro pern,n sa~d PAORTGAGORS to rec~ive ano use it a any pa t th•~:~~of ~or o:~:• *~,ur;,~s:>, ..:+~,~~t ih-~..,r .y_~.~'3 cr ~~n~..u
any equ~ty, I:en or r~~hf under or by virwe of this n,errgage; and ~n the evem sa:d h1pRIGAGORS sh.~'.I :o~ a~~y rc3son fail to krep ~he :ald prem~sas so
•,su•ed, or fail to de':ivcr pro~nNNy any oi said po~•tirs of inwran<e to said MORTGAGEE, or f;.~: promptly to ~~ay f~=1y any p:r~~~~u~n thecefor or in a~y
r~spctt fail io prrform, d~sc~~..~ge, eircora, effect, comp~era, co~nply wiih and ab~de by th~s cove~~ant, or any p~r~ h;;rrof, s+~d MG2TGAGEE may piace a~~a
~ for such ~nsor.~nce or any part thereof wnhout waiving or affecting any opt~on, lien, equ~ty, or right unde~ o~ by virtue a~ this 1~1or~g3gr, and thc
!_il amount of each and c.ery wch paymeN shall be immediateiy dve a~:d payable and sh~H bea~ intcrest fiom Ihe dale thercof until paid at the rate Of
~ per centunt pe~ a~:nu n~~~d t:;~~~tha~ ~nith Such ia!erist 5ha1~ be s~~cured by the li@n Of this mO:tgagC.
4. To permit, commit or suffer no woste, impairment w d~teriora!ion of sa~d p~ope~ty o~ any part thereof.
5. To pay a~l and s~ng~lar the costs, charges and eapenses, ~nduding a reasonable attorney's fee and costs of abstracts o( titte, incurred or paid a1
fl~+:e by s~~d MORiGAG~E, because or in ~he event of the (a:lure on ~he part of the said h10RTGAGOR to duly, pro:~+p~ly and fu~ly pzrform, dncharge
. wt•~, e!feU, co:npt_•te, co~nply w~th and ab:de by each and every the stipulat~ons, agreements, cond~~~ons, and covenants of sa~d promissory note a~~d ~h~e
„~rgagc an~ or enhe~, and sa d costs, cha~ges and expenses, each and every, shall be immrd~ately due and payable; whether or not there be nonce dr
~,~•d, atre:,~pt to cotiecr or suit pe~~d,r.g; and the fu8 a:»ount of each and every su;h paymem shall bea~ intcrest from the date thereof unril paid at the
~ „ n~nc c:er c~r.:u~~~ par on~~~ c~~ all said costs, chargas a~td ex;;e:nszs ~rxurred or pald, tageth.:r w~th such interesl, shat{ be secured by the lien of th~~
n:crtgage.
6. That {3) in the event o4 any breach of this Mortgage or default on tFw part of the MOATGAGOR, or ;b) in the eveM any of satd sums of money
>~ein ref~•rred to be nct pro~t~pily and fu~ly paid wirhin th~rty ~30) days next art•.r the same seve~a':y beto•ne due and payable, without demand or no~ice,
c) in the event rach and every tha stipu;atior.o, agreements, cond~~~o~~s and covenams of sa.d promissury note and ih.s mortgage any or e~ther a~e nol
5~.,'y, promptiy and fu:iy perform~-~d, dscha~ged, exewted, effeaed, canpleted, compi~ed v+~th and ab~ded 5y, then in e~ther w any such evem the smd ag
;~•_~ate wm mim~pnec2 in sa~d pronussory note ihen re~naining unpaid, with intere;t 3tt~urd, and a~i moncys secured hereby, Shall become due anc~ pay-
_ forrh,v~th, er ri~e.esfie., at the opr:on of sa~d MORTGAGEE, as tully and comp(ete!y as ii a;l of fhe sald wms of money were onginally st~pu~ated
' p.~ld on s~:th ~i:.y, ariytF.:ng in sa d pran~sse~y note or in this Mortgage ro the tontrary not,rv~~hsta~~d~:~g; and thcreupon ot Iherealter at the op~~on of
> i M,ORTGAGEE. w+rhout noT~ce o. demar.d, su~t at law a in equ~ty, the~efore or thereaiier begun, may be prosecvted as if all moneys secured hereby
r.:f r.~at~red pr~or to ui inSUt~t~on.
7_ Th;t in the evant ~hat at the beg~nning of or at any time pe~d~ng any suit upon th]s Mo*tgage, or to foreclose it, or to reform it, or to enforce
,+.ment of any c e~,ns he•e~cd_r, said htORiGAGEE shatf appl~ to rhe Coun havir.g ~unsd,cteon thereof for ~he appo~ntment of a Receiver, such Ccwrt shali
• r~„v~rh app~:n~ a recel:er of sa~d rr,ortoagrd pro~rty all and sing~;ar, ind~d ng ail a~~d s~~~gular ~~~e ircome, prof~ts, issues and reven~es Irom whatever
- dril,.~d. e.,ch and ev_•ry of ~vhch, ~t oe~ng expressly undersrood, is h:ercby morrqaged as ~f SPEC:{Kdily set forth and described in the g~ant~ng and
':,d.,m ~ a,,xs her~o4, ar.c! s~ch Receivrr shait have ail ~he broad and effective fu•~u u~~s a~d po~vers in any.v~s~ entrusted by a Cowt to a Receive~, and
~ • 3,:~ c:~~r~~~r~~r shs.~ be n;,~de by such Coort as an ad nitred equity and a matter of a~so;ufe nght to sa~d N.ORiGAGEE, a~d wirhout reference to the
_:y e+ ~nad~~;;oacy of tF:e vatue of the proper~y morr~aged or to the so.vency or ~nso +rncy ol sa~d h10RiGAGOR or the defendams, and that such
•s ~~ro~.rs, inco.r~e, :ssues and reven~es shail be applied by such Rece~ve+ ac:ord,ng to the ~~en cr equdjr of sa;d MORiGAGEE and the praUice of such
. _..rt.
8. Te do'y. promF:t'y and (ui~y perform, d~scharge, ex.ecute, effect, complete, con,µly w'rth and a~ ~de by each and every the st~pulations, agreements,
ri~~lons a~d c:;+~~na:~rs m s3:d prom~ssory note and ih[s rror~ga~e sr~ forth.
9. Tnat in thc e:^nt rhe ownershlp of the ~nortgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:'RIGAGEE, ~~s s~c:essws and ass~gns. may, wEthout notice to the A'AR:GaOR, dea! with such successor or successo~ ~n mterest with reference to this
~q3ye a: d~h~~ d~ ~t hereby secured in the same manner as v~nh !.lorrgagor w~rhout in any .vay vit:ating or d~scharg~ng the ?Jlortgagors' tiabiliry here-
~rr or uF on fi:e d~~~t herab~ s~cured. I~o saie of thr Fremises h~~reby mortgaged and no forbearance on the pan of the ?140RTGAGEE or its successors
,:ss a~+s a: d~•o ex!ension of th~ t~:r,e for the paymem of the debf hereby secured given by the ~.~ORTGAGEE er its successors or ass~gns, a~iail operate
c re eose, d,schar3e, mod~fy char.ge or affect the ori3~nal l~ao~i~ty of the 6'.ORiGAGOR herem, ~r in who~e or in part.
10. It is s:cc'~::~~y ao~eed rF.a! time is of the eszer~e of th~s cororau and that no waiver of any ob'~gat~on hereunder or of the obligation sr
..~ed he:eby sha:; as ar.t ti•r.e ri,~rrafter be he:d to be a wa~vcr of the terms hereof or of the instr~mero secured herby.
I l. In .;i.i t.c ~•o N,~~ fcrege r..onth'y pay~n:nrs of p~~:,c pa; and interev requ~red 'by the p~om'sscry nure s~cured hereby, mortya~or eovenants
r,y ro rga~3_e ..~rh eecn r.,omh:y pay~.~.ent an add~~ionai sum es~~:~ a~ed b~ morrgagee to br equai to 1. 12 0( ~L-a annua! cost of the follow-
A-.::; .,at ;:,-cp~ •cy va~_s lened or d51B55_Cj dy^3r~i1 th~_ aoove desc*ibcd r~al estare.
B Fr_. ~-•s on and v:~~:asto~rn ~nsur3~ce as herein roq..:r.d to be car.~ed en the lm;:roveme~}s s~t~ate on ih= above d:scr:bed premises.
C Pr_~~~•;, ~ s o i c~~.h mort~ :ce guaranty ir.sura~.ce as mo•tyag^e snatl frc~^ r~ne to +ime deem fit to carry on the loan secured he~eby.
'i !.:~~f `rc•n n r~~ to t~ net:f mon-•a. r~n vv.rt~n of the a~rou~t d~e and a abte herevndrr a~~d such su~. sha;t thereupon be due and
a~a~e s• c i b 3° 9 p Y
i o•, u,~ e'._~- o.•- ci tna ~~e,~t month:r payment and each wccessive To•~th thereait_r ur.til mortqagee sha'I not:fy mortgagor of a change in such
~ _^r. Soch su:^s s~ ~•~e ap pled by morigag•_c ro.va.d tne ~ay~nent of real property taxes, insvra:~ce pre:n.ucns, and mortgage guara~~y insurance
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I~v '.'.'lT?~E55 :.H:REOF, the sa.d MORiGAGOA has hereunto se! h~s ha~:d and seal the day and year fint aforesald.
~ Signed, Sea!ed a::d 'ivere in the presence of: r/ _ / / o
~
- --~f ` ~1• ~•fil~"tG~i` (Seal)
~ _ ~ K nneth C. ochran ~~,q
~ ~l~A !l~ . -~1 n
=-n - (Seal)
,~,t,~~~_ Dortha F. Cochran «a~~
~TE OF fLORIDA
~ u.
_:~;rr oF ___~t. Lucie ~
Before me personal+y appeared Kenneth C COCt1I'ail _ and
~tha F. Coehran his wife, to me well known and knovvn to me to be
ind:~~duais described in and who executed the foregoing instrument, and acknow~edged before me that they executed the same for the purposes
-e~n expressed. And th~ s;~d_ Dortha F. Coehran
_ of the sa~d --KeIlllet+t= C. Cochran upd~t.a:se~rate and private
na+ on b; n~e t34an separate and apart from her said husband, acknowledged to and before me that she executed aa~a,, todtu?rt~prrt hee(y and volun-
~ . a~ d YJ.!hout any coTp:,lvon, const~aim, appre~~~ or fear of or from her said busband.
LLii;:E55 my hand and offecial seal this_._L!-_-_ day of_ , A. D, T93~
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x
otary Pub~ic in the-.9trtE~ of f{wida at Large
~ My Comm~ssion eapi s: i ,
Rerv-n To: ,fZ.. ~.5 ,
~ . ' ,
F::st Federal Sr,v~.,gs 3 Loan Assoc~~t,on : •
~ O• :orr P . ree ~71;~ .
~ 11~
Fcr• _ fl._~~;i~o -
~ ,
i~LEG aM`.? R1E~C-~Q~.
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St t~1G~E^..~~Ti
• ~IGC~.s. ~(~~TR~4
This Instrument Prepared By : Kenneth Foltz ~~RR C:r.~~31T C0111tT n~
First Federai Savings 8 Loan Association ~E~RD':-F ~~E~.....•~+~
ot Fort P~erce ~ Florida 3345~
~ ~ ~~I IO 4~1~'11
Ch•~cked BY~ ~~C~CO
v J
~ sooK 205 ~~E 394
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