HomeMy WebLinkAbout2447 3. To p'aca and conrinuous~y keep on the bv~'d~nqs now o~ hereafre? ~ituate on sa~d land a~d on aL' equip~~~eN and persona~~y covered by this ma
a.~e, w:~h all p~_•,~,,~,cs tLcreon i,a.J in full, Grc ins~ra~xe ~n ~ha us~at itendard po;~cy form, in a s~m aHproved by ~he MOR~G:.GEE, and w~~~d?~o
~~wrancc in the ~w~l St~nda~d pol.cy fonn, in a Sum appro~ed by ih2 MORTGAGEE, in Suth tonepa~~y or eo~npan.es as tfie fAORTGACsEE m
d•rcr, and all fne ar:d w~nJs~orm insv•ance poliues on any of sa~d bu~~dmgs, any interest therein or pa~t thereol, in the aggrrga~e s~m atoresaid
rxcess thrreof, ihall tont.~~n tfie uw.:l standard mortgagce ctause o~ such other tlause as the Mo~tyagee may requ.re, mak~ng Iha ioss under sa~d po
c es: eacn and every, pay~~:e to sa~d 110RTGAi~EE as ns i~~erast may appea~, and each and every wch po!~cy sha11 be p~ompt~y ass gnrd and dei~varrd :
~~,r h~•Id br sa~J ~.ORtGAGEE as furthrr security to said mo~tyage drbt, and, not tess than ten (10) d.~ys in ad~~nce of thr expuet~on of tach po!:cy. ~o d.
i,.er to s~~d .'dORiGAGEE a renevial thereof, toge~hzr ,Hi~h a rece~pt for Ihe p~e~euum ol such renr~.al; and ~hrre shall ba no i~re or winds~o~~n insuranc
;~'xed on any of sa•d bu~!db~9s, any interest there~n or parl thereof, unless in the fonn and with the loss payab!e as aforesald; and in tF.e e.ent any sun
ut mOnCy beco neS pdyablc' vnder wch pol~cy or pel~ues said MOkTGAGEE shall have the opf~on to rec~~.c end apN:y the same on account ot ~he indrbied
n•. ss 5~'cv~rd h~:~~b~ o~ to perenit s:~~d MORTGAGORS to reCaivo and ut! it Or any pnrt th•r.coi ior o:~e~ r~;~ri.escs, v..~i:o~t th w~r+> cr rnp..u
any equ:ty. I:cn or r~ynt und~r or by virtue oi this mo:tgage; and i~ the event sa'.d MOBIGAGORS sha!I `.or any reason fail to krep the sa~d prem~ses so -
ns~r~d, or f.+it ro de!~~er promp~ly any of sa~d po~~c~es of inswance to sa~d MORTGAGEE, or S~~i p:omptly to pay fui:y any prc~n~um therefor or in a~y
~~~s~:~~cf fail to prrform, d:scharge, exrcute, effeu, completr, comply wiih and ab~de by tF~~s covenant, or any part harrof, said ?dGRTGAGEE may p~acr a~~d
: fo~ s~ch inwr.+nce or any part thrreof w~thou~ waiving or affecting any option, lien, equ~ty, or right under or by ~~rtue oF th~s Alertgage, and the
!~~1 amount of each and e.ery wch pay~nrnt shaN be immed~ately due and payable and shail brar interest lrom Iha date thereof until poid at the rate o1
c pcr crnt~~n per annv.n .r~d to~_•Ih~~r with such inrer~st SI13If b~• sccured by the lien of ih~s mortgagC.
4. To permA, commit or suffer no was~e, impairment or deterioration of sa;d property w any part thereof.
5. To µay a!1 and singular the costs, charges and expe~ses, including a reasonable atio~ney's fee and cos~s of abstracts of title, incur~ed or paid at ~
t~~t:e by s.,~d 1.10RiGAG:E, because or in the event of ~he fallure on the pan of the said MORTGAGOR to duly, pro~nptly and (uliy perform, d~scharge. 4
• cute, effect, comp:ete, co~nply w~th and ab:de by each and every the stipulauons, agree~~~ents, tonditions. and covenants of said promissory ~ote and this
~~ryoge any or e,~her, and sa:d costs, charges and expenses, each and every, shall be im~r.ed~ately due and payable; wheiher w nm there be notice da
•~:1, atre~rpt to co~~zct or suit pend!ng; and the full amount of each and eve~y such payment shall bear interest from the date thereot until paid at the
~ o~ ~,.•te rer c~~n;un, pcr on~w ~~~d alI said cczts, charges and ex,~r~~ses irxurred w paid, together w~th svch in~errs4 shall be sec~red by the lien of this
r:o~tgage. -
6. That ;a) in the event of any breach of lhis Mortgage or default on tFw part of the MORTGAGOR, or (b) in the eve~1 any of w~d sums of money
h~•a~n ~eE•_rr~•d ro b^ nof pro~»p~fy and fully paid w~thin th~rty l30) days nexi ai:er the sa~ne se~~era:ty become due and payable, wiihout demand or notice,
c,c) in thr event rc,ch and evary ihe stipu;at~ons, ag~eemems, cond~t~ons and covenants of sa d promissory note and th~s mortgage any o~ e~ther are not
;,'ti•, promprly and ie,+;y performed, dscharg•~d, exewted, effected, completed, compl;ed wnh and aL~ded 5y, Ihen in e~the: w any such evem the sa~d ag
~•.•~ate sum ~r.enno~~ed in sa~d prormssory oote then remaining unpaid, with interest aacrued, and a~{ moneys setured hereby, shall b..-~tome due and pay
forthw~fh, or ihercafrer, at the opf+on of said MORIGAGEE, as fulty and complefcly aa ii all of the sa~d svms oi money were or~ginaily st~pulated
I~ h:~ pa.d on such dcy, anyth~ng in sa.d prom:sso.y oote ar in Ihis A1o`tgage to the contrary notwithatanduig; a~~d thereupon or Ihrreafter at the option oi
s~,i h10RTGAGEE, w~thc~t notue or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
r,d n~at~red pr~or to :ts ~nstituhon.
7. That ~n the event that at the beginning of w at any time pending any suit upon this Mwtgage, or to fo.eclose it, or to reform it, or to enforce
:.rnent of 3ny c.ri~ns he•eunder, sa~d MORiG:+GEE shall apply to the Cou~t having jurisd~cf~oo fhereof for the appomtment of a Receiver, such Court shail
~hwirh ap~ o~nt a rece~ver of said mortgag..d property a11 and singular, includ:ng all and sing~tar the inco~ne, prolits, issues and revenues from whatever
~ •ca derl+~~d, e.ch and every oi wh:ch, it be~ng expressiy ~nderstoxl, is hereby mortgaged as if speufically set iwth and described in the granGng and
end~~r, ~-dJSeS h_.,oE, and such Receiver shai~ have aIl the broad and etfective funct.ons and powers in anywise entr~sted by a Court to a Receiver, and
_ ~ sppc:nrme~ir sh,~t he made by such Court as an admitted equiry and a matrer of absolute right to sa~d MORTGAGEE, and withavt reference to the
:.~o~c~ or ~n;drG~acy of i~:e vali,e oi the property mortgaged or to the so~ve~cY or insoivency of :a~d MOR7GAGOR or the defendants, and that such
H~otnz, inco.n~, issues and revenues shall be appi~ed by such Recerver accord~ng ~o the +ien or equity of said MORTGAGEE and the practice of such
C.;~~rt.
S. io du!y, prempt'.y and fully pei`orm, discharge, exec~te, effect, complete, comply with and abide by each and every the stipu~ations, agreemeNS, ;
::dit~ons and covenants ~n sa~d promissory note and this mortgage set forth.
9. Tf.ar in the e~ent rhe owne.sh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:,RTGAGEE. ~rs s~~ccesson ar.d assgns, may, w~thout notice to the 1NORTGAOR, deat with such sutcessor or wccessor in interest with reference to th~s
_ rgage a~d sF~~ d_:,+ hereby secured in the same manner as with ldortgagor w~thovt in any way vitdating or d~stharging the Mortgagors' liability here-
i_•r or uFon the d<bt hereb~ s~cuied. No sa~e of the Frem~ses hrreby mortgaged and no forbearance on the part of the MORTGAGEE or its successors
_ ~sv~ns nnd ~o ez~ens:on of the t~me for the payment of the debt hereby sec~red given by the MORTGAGEE or its successon or au:gns, ahall operate
re~case, d:scharge, medify change or affect the orig~nal Gau:Gty of the MORTGAGOR herein, either in whole or in part.'
10. Ir is speuficatiy agreed that time ~s of the esse~ce of this contract and that no waiver oi any obGgat~on hereunder or of the ob!igation sr
c~_d hereby sha!: at an~ time ~hareafter be hc!d to be a waiver of the terms hereof or cf the instrument secwed herby.
1 t. thc iorzgo ~~g rnomh!y paym=nts of princ pal and inrrrest requ~red by the prom~sscry no!e secured h<reby, mortgagor covenanis
~ d;~_~s n~ ~;~ti ro n,orrg~g_e •n~~h eacn mon•h y pa~raent an add:rionai sum est!::,ated by mo:tg3gee tn be eq~ai to 1, 12 of the an:iual cost of the follow-
~i A- A!; rea: F,.op~r,t,r raa:s Ir~~~d or assessed agai~tst the a6ave deseribed real estate.
! o'r: _ z o:~ f:rf~ a~,d w~r.dzto:m ~nwracce as h~re~n +eq~~red to be carried on the ~m;,roveme~ts s~tuate on the above d=scr~bed premises.
~ C--Pre:n~o:rs e~. such r.,crrg:ge guaranty ~r.wrance as mortgagee shalt fro:r. ime ro time deem fif to carry on the loan secured hereby.
':.orfg;;ee r!`•c~~~ e to t;~ne not~f~r mortyagor ~n wnt~ng of the ar,,ount d~e and payable nereundrr and such su~i sha!I thereupan be due and
~ ~'e o~ rh: d.;~ c:~••~ oi !i,r nc,cr n:onth!~ p~yment and each successive month thereaft_r ur.tii mostgagee sha~l not~fy mortgagor af a change in such
E rr. S~ct~ s.• ~•z s~ 1.e ap~~ ied by morrgagee toward the payment of real preperty taxes, ~nsurance prem.ums, and mo~tgage guaramy insurance
~ . .•~iU~TlS. .
~ 1'~ ':d:iP:E~S ::NcREOf, the sa~d htiORTGAGOR has he:eu~to set his hard and seal ~he day n year first a!
S~gned, Sealed and dclivered in the presence of: ~
/ ~ a
5 ~~itness. cxt_. .(L rnold J. send tseaq
! - . - ` ~ . I~ c'r ~~t-~ < ?uQ~ ~ (Seal)
Witness:_iT~~ Q~ , ~l~ ~.,~A Mary . Townsend ~s~ai?
?
~-;.,E oF ~eRwA,~,4.u. Yor~ ~
; ~:.;'~TY Of _ U /~T'~JC7~ _ ( ~
Be`we me perso~eatty appeared ~rnold ,1. Townsend, .1Y. and
Mary E. Townsend his w~ie, to me well k~own and known to me to be
~ ind~v~duais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes
_~•e~n eapressed. And the sa~d_ P'tary E~ Townsend
of rhe sa:d _ Arnold J. Townsend, .Jr. , upon a separate and private
~'•.+•n.na!~on by me taien separate and apart from her saEd husband, atknowledged to and before me that she executed said instrument freeiy and voluo-
and w.thout any com~;u'sion, constraint, apprehensio o fear of or from her said husband.
WIiNESS my ha~d and offic~al seal this__-~~ day o( Au J115t _ A. D. 19 72
'1 ~ ~ Q. l~ v~p-~'
~ - -
~ Notary Pubiic in and for the State of F{~p a1~ge -
~ , My Comm~ssion expires: . Y~'.~ K
Re•turn 70: ',t,~~
~ Fnst. Federal Savings ~ loan Association C- ~I-R~
~ ~ of co~t ~~.ce. ~ j`~yFc::~:~ i;:::,-: ..zof tiewYO[t
~ Fgcr F: ~r~:. ~~~Jfl(~] C~F:.," ('r; •.y ~
~.~y~ ~.::u:~ i~2
~
. ~ f aN', '.t(+~~~~~p
- ~ This lnstrument Prepared ByJ. H. Roberts, Jr. 4~. ~Ja~_ ::u~M1Y A• ~u
First Federal Savings 8~ Loan Association ~~;,e.~ "~~TRAS ~(jl
- ot Fort Pierce Florida 4lF~;~ ~=~~T ~~~~T Y-
~ ~ RFP~~!`"'..r:--,
~ Checked By p~-_- ~ 3~ 1134 PH
~ 2U5
~ $o~x Y~cf 235831 ' S
~
~ -
_...~~~-~~~X _