HomeMy WebLinkAbout1396 To p,ece and connnuously keep on the 'tui:d~ngs now or herrafter s~tuata on sa~d iand and on al{ eqvipment and personally covered by Ihis ma
ng~, W:th all prem~u~ns thcreon pa d~n full, fire inSUrancB in the uwat s~a~~~rd po'ity fo~m, in a sum a~pw~ed by ~he MOR~vAGEE, and wi~~dsio
~nsurance in ~ha uwa~ sr~,~~J~~d poLty form, in a sum approtied by the MORTGAGEE, in such tompany or com~an~es a~ the 'dOR1GAGEE m
d~rcc~: a~d all fire a~nd windstorm i~sura~ce policies on any oi said build~ngs, any ~nte~es~ lherein or part thereoi, in the aggrrgare sum aforesaid ~
m excess fh~reol, s?:aN :onr~in the usval staadard mo+tg~gee clause o~ such o~her tiause as the Mortga9ee may requ«e, maAir.g tha toss vnde~ sa~d po
:~•s each and every, payab'e to sa~d A10RTGAGEE as ~ts ~nrer~st may appear, and each and every wch po:~c~ shali be prompHy assgned and deff~ered
a~.; hrld 6y sald MOR(G.4GEE as fu~iher security to said mo:tgage deUt, and, not less than ~en (10) d~ys in ud:ance of th~ expuot~on of each po6cy, to d.
l..er ro sa~d h10RSGAGEE a renewal ~hcreof, toge~har with a rece~pl for the premium oi such renexal; and ihrre sha;l be no i~~e w wi~~dstorm iniuranc
~'sc~d on any of s~~d 'cui!d~~~gs, any inreresi the;e~n or part thereaf, un!ess in the form and with the loss payabte at aforesaid; and in the evenl any sun #
of money beco•nes payable undrr wch poGcy or policies said MORTGAGEE shril have ~he op~;on to ~eccive and app!y fhe same on accoum ot the indabted
~~_~:s src•,.ed 'na~eby or to pern,it s~~d rnORTGAGORS to reeeive and use it or any par? tl~e;eot icr o:h• r~:ui~.osrs, tA Q~• cr ~mp~~r
~n~ ,ny eq~.ty, Gen or r~~h~ under w by virtue of this mc:tgagc; and in thc event sa~d MORTGAGORS sh~!I fo~ any re~~~~~~*'~'i'~.premises so
~s.,r.•d, or fait to dr:~vcr pro~nptly any of sa~d poGcles of insurance to sa~d A50RTGAGEE, or fa~! pcompfly to pay futl ~~,p~~ re or w in a~~y
~c•s, <ct fail to pcrform, d~scha~ge, execute, eifec?, complztr, comply with and ab~de by th~s covenan+, o~ any parr har~f~~ ~y place a•~tl ~
;--s~ for sudn ~nsw,~nce or any par~ thereof without waiving w affecting any option, lien, equ~ty, or n~h+ under ~~~iT~~ s or1"a e, and the r-,
f.,:I a~novnt o} each and e.ery such payn:ent shall be immediately due and payable and shall btar interest irom the date therCO un ~ a~ rate ol ~
c p~•~ cen:um per ann~~:n o~td to~:ther v~ith suth int~~rest shali t~e srcured by the tien of thts mortgage. 7q{ ~f~
d. 7o permit, commit or suf(e~ no waste, impairment or deterioration of said p~operty or any parf Ihereof. ~UC `N 3 21 PH'~1
5. To pay atl a~d singular the cosh, charges and expenses, induding a reasonable a~twney's fee and costs of absaads of tiHe, incurred or paid at ~ t
~ ~ r;:ce by sa~d MORTGAG:E, because o~ in the event of the fa~lure on ihe part of the said MORTGAGOR lo duly, pranptly and fuNy perForm, d~uha~ge. }
_•..ure, eftect, comptere, compty weh and ab;de by each and eva?y the stipulat~ons, agreements, conJ~~ions, and cove~ants of said prwnissory note and this
;.sgage any or e~iher, and sa:d costs, charges a~d ezpenses, each and every, shall be immediately_due and payable; whether w not there be notice dr
~.~~.d, atte~npt to coflect or suit pend~ng; and tBe fult amouot of each and every such paymero shall bea. interest from ~he date thereot untii paid at the
. o~ n~ne cer ;ent~~,~ F,er an,iu ~r and alI sa~d costs, charges and expenses incurred er pa~d, ~ogether weh such imerest, shall be secu~ed by the iien of Ih~~
,,,ort9age.
6. That (a) in th,: event of any breach of this Mortgage or defau:t on tF~ part of the lHORTGAGOR, or (b) in fhe event any oi said sums of money
~~~•ain refenad eo b•~ not prompt(y and fully paid within th~rty (30) days next aiter the same severa:ly become due and payable, without demand or notice,
;c) ~n thr event each and every the stipulatio~s, agreements, conditio~~s and covenants of s~~d promissory note and fh~s mor~gage any or either are o01
!,;y, prompny anJ fntiy performed, d;schargad, executed, eifected, compteted, comphed ~vith and ab~ded 5y, then in e~ther o~ any such event the said ag-
~ate sum mentioned in said promissory note then remaining unpaid, with intere;t atuued, and att moncys secured hereby, shall betome due and pay~
~ fcrthwith, o. ~i»reaEter, at the opNon oi said MORTGAGEf, as fuUy and completely as ii all of ~he sa;d sums of money were or~g~naily st~putated
pa d on wch dcy, anyth~ng in sa:d p~om~ssory note or in this Mortgage to the contrary notwi~hstand~ng; ar.d thereupon or therea(ter at the opt~on of
~ i M.ORTGAGEf, w~fhcut nonce or demand, suit at law or in equity, therefore or thereafic+ begun, may be prosecuted as if etl moneys secured hereby
raat~red p+~or to ~ts inslitvt~on.
7. Tha~ ~n ~he event rha~ at the beginn~ng of o~ at any time pe~ding any su~t upon this Mortgage, or to fweclose it, or to reform it, or to enforce
.+.~•:en! of any cl,~tms he•eur.~er, said MORTGAGEE shall apply to the Court having jur~sd.ct~on thereot tor the appo~ntment of a Receiver, such Court sball
•',anh aF:~omr a receiver of sa~d murtgeged prope~ty ale and singular, ;ndud~ng ail a~~d s~ngular the income, prof~ts, issues and revenues irom whatever
derF:cd, each ar.d every of wh~ch, it beiny expressty undzrstood, is hereby mertgaged aS if speuficdily set iorth and destribed in the g~anting and
~,avm c.a_•ses hereof, and such Receiver shail have aft the b~oad and effectlve foncr,o~s and powers in anyw:se emrusted by a Cou~t to a Receiver, and
n~p~o~ntm.~r.t sfia+! bc ~sade by such Court as an admitted equiry and a matter of a~solu~e right to said MORiGAGEE, a~d withouf reference to the
,,;cy o~ madequacy of th~ value of the property mortgaged or to the so:vrncy or inso~vency of said MORiGAGOR or fhe defandants, and rhat such
•s. ~,roi:ts, ince.ne, iswes and reven~es shall be appl;ed by such Receiver aaordmg to ihe lien or equity of said MORiGAGEE and the practice of such
~~urt.
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8. To du'y, promp!'y and ful!y perform, discharge, exec~re, effect, complete, comply w~th and abide by each and every the siipufations, agreements, ~
d~tions and covenanrs ~n sa~d promissary note and th~s m~rtgage set forth.
9. 7hat in nc~ ever~t the ownership of rhe mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~
' 2TGAGEE, 1rs wcc<~ssors and esvgns, may, without ~oTice to the 6'.ORTGAOR, deal with wch successor or successw in interest with reference to this
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'g,ge ard the d_ut heroby secured in the same manner as w~th l:4ortgagor without in a~y way vi?iating Or d~scharg:ng Ihe Idortgagors' liability here-
- or upon the de6t he;reby secured. No sale of the Fremises hcreby merfgaged ar.d no fo~bearance on the part of the fdORiGAGEE or its s~ccessws
•~s~3ns and ~o e,crenslon of she r~me for t6e payment of the debt hereby secu+ed given by the MORTGAGEE or ifs successors or assigns, a~~all operate
.~e edse, d+scharge, mod~fr thange or affect the orig~nal liab~l~ry of the NORTGAGOR herein, either in whole or in part.
10. It is spec;'ica~ly ogreed that time is of the es:ence of this contract and that no waiver of a~y obligat~on hereunder w of the obligation se- 4
c~:d hereby shali ar any time thereafrer be he:d to be a waiver of the terms hereof a of the instrument secured herby.
11. In acid.tio:~ •o fh.: foregc ~~g monlhly paym_nts of p:inc pal and interest required by the promssory no!c secured hereby, mortgagor eovenants
~ agrces fo pay !o n:c•tg3gee .+nh eath month;y pay~.~ent an add~rional sum es!:~~:a!ed by mortgagee to be equai to 1; 12 of the annua~ cost of the follow-
A-A'{ r. a! ~ rop~ r.y taxas levi;d or ass~ssed agai•~st th~ above desaibed reat estate_
6 Pr~~~,~u ,:s on fire and windstorm inwracce as heie~n requ;red to be carried on the ~mproveme~ts i~tuate on the above described premises_
C-P.e•~:,"+ s u~ :.;ch n:ort~;ge guarartty ir.surar:ce as mortgagee sha~l from t me to tl.n~ deem fit to carry on the loan secured hereby.
r.lortgagee s~: l~.cm f~me to t;me norify mortgagor ~n writ:ng of the an:ount due and payabte her¢undar and such surn shall thereupon be due and
_d,'e o~ fi:~ d~,~~ c:~., cf ~he ~,~~~et monthi~ paymem and eacn successive m~r~ih ~Lereafter ~cti; mortga~ee sF.a!t r.o!:fy mortgagor of a chartge in svch
nr. Such s~ rs s*.j. i:e app:~~d by mortgagee toward the payment of real prope~ty taxes, insurance p~em: s, m~d mortgage guaranty insurance
~ riumS.
I~l '~~tTP~cSS :.HERcOF, ;he sa~d MORTGAGOR has hereunto set his ha~d and seal the day and ear rst aforesaid.
S:gned, Seated and delivered in the presence of:
` )Witnesses as to signature -
, (sea~)
_i___)of Lefris T. Jacobs s T. Jaco a sin le adu~q
; , . ~=r ~ Witnesses as to signature ~ - ' cs~an '
, )of ~nice I.. Jacobs Eunice L. Ja o a 2e ~~a~~ '
adult and Lif Tenant
;TE OF ~ Virginia ~
• ' ss.
: .%U'JiY OF ~ ) ~
Before me persona y appeared I.e~ri.s T. JaCObSs a S12]~1@ adLllt.
~C
t9 m well known betd known to me to be '
• ind~vid~a f desuibed in and who executed the foregoing instrument, and scknowied~ed before me that /Ih~i executee~ i~e ~ame for the purposes
~~-~ein expressed. ~ - ~
:
~ ra , u
t e '
~VITNESS my hand and official seal thia day of A t ~ A. D. 19~_ ~ ;
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-=.iE Of FLORIDA u~ commission ~;p,r~ ~ta y u 1'~~n and fw the St~te f(oridd~~f larye ~1j,',
. .,;'dTY OF --~e.~_~ll~l~ ~ ezpires: ~L•f ~t~~1f(~;(~ LOiSSIW1U09 /!W
o~
Befo~e me personally appeared F+l1IliC~ L. Jaeobs, a sing]e adult ~ £
_ e(( known and known to me to be
~ ind~~~d~a' descri6ed in and who executed the foregoing insbument, ~d `ackAOwfedged before me tha execwed the same fw the purposes
,he.~in expressed. ~l4~J?i FIfiC~47f~i~L . e •
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WI1NE55 my hand and offitra! seal this_ dsy of A. D. 19 72
~
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Checked 8y . --•Nawry lic in and for the State of Horida af Large ~
ini s i n s t r
u m e n t p re p a r
e d b
y: R e n n e t h G. F o l t z ~!~'"t s~o^ expires: ~u', ~f'j,>-
:~rst Federal Savings and Loan Association of
:~ort Pierce, Florida 33tt50 SCOK~~~ Y~if,f~J~
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