HomeMy WebLinkAbout0979 3. To p'ace and conri~i~o~sly keep on the b~~'J~~~gs now o~ hereaiter sit~ate on s~~d land and on aC eq~ipment and personally covzred by this mor
n:la, w:th alf Frvn,:,,:r.s thrrt~on p.~.d :n (ull, i~r.~ iniurar.ce in ih~ us~al stand:~rd po'i~y form, in a s~~~~ aHpruved b/ th~ f1tl:lR~v:,GEE, and w~:~dsto
- s~ran~e in the us,~at i+a~+d.xd po: cy ionn, in a sur.i appro:ed by thr MOR7GAGEE, in svch co~~~;;~ny or co~npan~es as ~he h10RTGAGEE m
d r,~~t; and all ine a,.d w;ndi~orm inwra~ce poiic~es on any o( sa~J buitd.nys, any interesi Ih<re~n or par~ thartof, in the agg~~go~e sum aforesa~d
eac~•ss th~~reof, s~~~!~ :ont_,in the usval s~andard morTg.igee c~ause or suth othe~ ciause as the Mo~tgayce may requ~~e, maling ~he ioss undei s~~d po
s rach and ~vc~ry, pa,.~b'e to said :IOR(GAGEE as ~ts intcr~~st may appear, and each and eve~y iuch ~a:ry sf~all be promp~ly ass gnrd and de:~verrd ~
h~•!d by sa~d h:OR!;;AG~E as furihar srcur~ty ro said n~o~tgo9e debt, and, not !ess ~han ten (10) days aJ.a~~ce of ihe expirat~on of each poLCY. ~o d.
;.er ~o s~~d GtUR1G~G~E a~enewa~ therFOf, toge~her with a rece~p~ for thz prern~um of suth re»ewa!; and tl:ere shall 6A no f;re or w~nds~orm insuranc
:'~ced on any of sa d bu~'d~~~gs, any inrerest therc~n or pa+t thereof, un!ess in the fcrm and w~th ~he :oss payable as atoresaid; and in the e~ent any sun
o! mOnty beco~~~os pay~b~e undrr such policy o~ poGuas salJ M~RTGAGEE sha{f have ~he opi;on to rec:tve ~,~,d apN~y ry: sa«~e on accovn~ o! ~he ~~~drbft•d
,s scc:.~rd hereby o~ to p^rmit sa;d MORiGAGORS to retaive and use it or any p~rt tl~••;eof tor o:~~• r ~.u~; osc•s. :..n,o~t tF~ u; or ~•np~ir
~ 3~~y eyuny, I~r~ or rlyht und•:r or by virtue of this mor'~age; and in ~ha event sa,d MO~iGAGORS shi!I :or any reason fail to k~ep ~fie sa~d premis~~s so
~.sur~d, or f.+~t to de'~~e~ pro~upi,y an~ of said pol~u~s of ~nsurance to sa~d A10RIGAC•EE, or fa~! ~~romptly to f.ay f~~:y any pre~n~~m therafor or in a~y
-sF;cu fa~l to perform, d~s:h.,r.3e, eaec~te, etfe:t, comp!ete, co nply w~rh and a5~de by th~s tova~.~~~t, o~ any part hareof, said MQRT;~AGEE niay pwce a~o
ior such insur..rce cr any part rhrreof w~~hou~ waiving or affecting any opi~on, lien, eqwty, or n~ht ~nder o~ by virtoe ot th;s Mo~tg3ge, and rhe
•i a,nou»r oi each and eLe~y svch pay~~iem sha11 be im~nediately due and payable and sha!! bea~ interes~ lrom tha data th~reof until pa~d at ~he rate o1
e p.rr c_niorn per a~•.m,,:n ond to~cth•_r ~nfth such inte~cst shal~ be s~•c~red by the lien o4 th~s mortgage.
4. To permit, commit or wffer no waste, impairment or detrrioration of said property ot any part thercof.
5. To pay all and singula. the costs, charges and expenses, includina a reasonabte atrorney's fee and costs of abstracts of tiHe, incurced or paid at
f~~~ e 6y s~~d h10RTGAGEE, because or in fhe event of the fa~lure on the part of the said MORTGaGOR to duly, pro:r.ptly and fully perform, d~scharge.
:~~e, rfFecr, co~ng:~re, to~r:pfy wuh and ab:dr by ea~h and every the stipuiat~ons, agr~~amants, cond~t~ons, and covenanrs of said pro:n~ssory nore and rhis
_^g~g_ any or e,rher, and sa;d cosrs, charqes and eapenses, eath and eve~y, shall be imm:•d~ately d~e and payab:e; whether or ~ot there be ~ot;ce d>
:f. ~fre ,.pt to co::ect or s.,it pe~~~mg; and the full amount of each and every svch paymem shaU bra. interrst from ~he date thereot unril paid at the
c_ ~,.„.~.,;~i; ~nc! aif said ccses, chargrs and es;:e~~s::s ~ncurred or pa~d, toyether lveh s~ch ~nreresl, shall be secured by ~he lien of th~s
~rrgage.
6. ihat (a? in the event of any breach of this Moregage or default on the part of the h10ATGAGOR, or ;b) in the event any of sa:d sums of money
!••,•in rrfe~rc-.3 to be not promptly and fully paid within th.rty ~3d; days next a:t•.r the sa~~~e se.era;:y beco~ne due and payable, wirhout demand or notice,
c) in tha event eec?~ and every the stipu~aNons, agreements, cond:tions and covenants ot sa d promissory ~ote and th~s morlgage any or e~ther are nol
.y, prompNy a~~d ~uiiy performed, d<scharged, executed, effected, compSeted, compl~ed w~th and ab~ded 5y, then in e~ther o~ any such evero the sa:d ag-
_.~te sv~i n~zr~!~oned in sa~d pro-T~issory n~te )hen re+»aining un~a~d, with intere;t accr~rd, and a~l moneys sec~red hereby, shall betome t~ue and pay-
~ fcrihw~th. or ch_r.afT~~r, ai ~he op!~on ct sa;d MORTGAGEE, as fuSly arxi comp;etety os if a~f of ~i,_• s~id sums of money were onginally supv:ated
' j~:. d on svch d~y, arr;rh,ng in sa;d pro•r.:sscry note or in this Mortgaga to the conrrary nor.v+rhsta~,du~g; and thc~eupon or tnereaher at the opt~on of
:•.ORTGAGEE, v. ~hcut nonce or de~nand, suit at law o~ in equdy, thereSore or thereairer begun, may be prosecuted as if a~l moneys secured hereby
. ~-i ~:iature;l pr•Or t0 ~t5 1ilSl~tyh011. _
7. Thar ;n tFe event ihar at ~he beg~nn;ng of or at any time pending any suA upon this Mortgage, or !o foreclose it, or to refo:m it, or t~ enforce
.~.•~ent of jny c~,~~ns he•eu::d~r, said RtORTGAGEE shal{ apply to the Co~rt having jur~sd;ction th_reof fo: ~he appo~ntment of a Receiver, such ~ourt shail
,-.~vh ap~ ~iM ~ rece;:er o+ s:~iC mort~ag~-d property a!I and singular, incl~d~ng all and Singu~~r' 1he ir.come, pr~fds, issues ar.d revenues trom whatever
- dar~.~d. eccF. and every o{ titih.ch, it ~~ng expressiy Lnderstood, is hereby mortgaged as if spec~ficat:y set forth and describad in the g~anting and
• .,~+,;~n c 3.;s~•s her•,Of, ated s~~ch R<ceiver :ha~l ha~e ail ihe b~cad ar.d effecr~ve funct~ons and powers in anyw~se emcusted by a Court to a Receiver, a~~d
'~F'r~•"'^~-•~t s~:-:~ Ce ma~e by such Court as an adnHrrd eguity and a n:atter of absol~te nghr to sa~d h10RTGAGEf, ar~d withouf refe~ence to the
3~•_:i or m3ae~uacy of th~ vatvr of the property mortgaged or to the so.vency or inscivency oi sa~d MORiGAGOR or the defendants, and that such
s. Hroi,rs. ~nce.~:e, Isw~s and revrnues sha{I be app~iEd by such Rec~iver accord:ug tu the lien or equity of said MORTGAGEE and the practice of such
_ „rr.
8. To dv!y, FromFr'y and Fu1ly perfo:m, dis:harge, execute, effec!, comp(ete, comply w~th and abide by each and every the stipuiations, agree:nents,
;Lt~~ns and ccvenanss ~n sa~d promEssory nate and th~s morfgage srt forth.
9. That in the ev~nt fhe ovvnership of the mortgaged ptremises, or any part thereof, becomes vested in a person other than the MORTGAGpR, the
.`R?GAGFE, its successcrs and az3wns, may, wi~hout noiite to the A'lOR7GAOR, deaf wrth such successor or svccessor in interest wi~h re(erence to this
'33ye ard the d•_~t hereby secured in the same mannzr as with A,lortgagor w~thout in any way vit,ating or d~scharging the Mortgagors' liabitity here-
cr uf~on ~h> dcct hereby zec~red. No sate of the pren.~ses hereby mo~tgaged and na forbearar~ce on the part of rhe l.10RTGAGEE or its sutcessors
~-s. i~~s a~d ~o e?;ens[on of thc t~me for the payment of the debt hereby sewred given by the MORTGAGEE or iu successors or ass~gns, a~~all operate
c~sa, d.s.ha:ge, o,cd~fy ~hange or affect the orig~nal I~au:lny of the N.ORiGAGOR herein, either in whole or in parr.
10. h is spec f~ca~~y aor~ed that time is of the esser.ce of this contract and that no waiver of any o6:~gaNOn hereunder or of rhe obliga?ion se-
_d hereby sha!. a~ an~ f~me ~hereafter 5r held to be a wo~rer of the te~ms hereof or of the instrument secured herby.
t' I~~ ~:1!,c., •o th._ iore3c n~ ,nonth'y paym~n}5 of princ pai and intrrest requ~red by the pron~ sscry no~e secvred hereb{, morigagor eovenants
. __,s fo ;:~y to morrc~g:e ,•.,th each ~nor.rh y pai~.~e~~r an add:r,onal su~n est~mared by mortgagee to be equai to I 12 01 t~ie aisn~at cast oF the follow-
a- ~<a: ..rop_rt~ tax::s (ev~c~ or assessed o^y3i•~St.th~ a6ove desvi~cd real estate.
E F : S r:~ {;r- vr.d wi~:dsro~m insvrar~e as herc~n mqu~red to be carried c~~ the ~m;aovements s~t~ate on thc abor•c described premises.
C Pr: • S ch ~r.o~r~,Qe g~a~a~ty ir.surar~ce as mortgagee shall from t'me to t~~ne dcem f~t to carry on the toan secured hereby_
~.,c-e3..a_•e s•-, ! f~c:n r~:ne +o t;~„e nor~fy mortyagor ~n writing of fhe amou~t d~e and payable hereundrr and such sum shall thrreupon be due and
'e o~ ~h- oi rt~~ n~~~t n;cnfh'1 Qaym~:,t and exh success~ve ~*onth thereafr~r ~r.tii mcrtgagee sha!; nor~fy mortgagor of a change in such
n'. Su-f~ su ~ s s~ ~:'t~e a,;,~ ieci by mortgag~e toward the payment of rea( property taxes, insvrance prem:ums, a,~d mortgage guaranty insurance
. ~.iu•„s.
t. '~iiTP~E~$ :~HER~Of, rhe sa~d MORTGAGOR has hereunto set his hard and scai the day and ar first afore '
gned, Sealed a~d delive~ed in the presence of: ~ ~
` - - ~-7?- _ (Seal)
~•'~•~~O - i s Dav i s
{Seal)
` - - - (Sea4
- Grace Sy il Gay e Davis ~~ai~
/ -
; E OF 1#6RiP/~ 7,vr---t~,~~ 1
t ~
;'1TY OF ~~-~.~t~ j
~ paris Davis
Befwe me personaily appeared
and
~ CiIaCE $Ybll Gayle ~0V1S his wife, to me well known and known to me to tg
_~~:d~~.~d~a;s desc.~~ud in and who executed the foregoing instrumenf, and acknowtedged before me that they executed the same for the purposes
~ ''~~n expressed. And the sa;d__~raC~' _~J,[bll Ga le Davis
~ of the sa:d Par,~_pdV15 ' vpon a separate and private
n~rcn ba mr taien s~parate and apa~t from her said husband, acknowledged to a -ore me that she executed said instrument freely and voiun-
~ ; a~~d YJ~if,cu~ any co~;pa,siort, consiraint, apprehens~o , or fear of or from i~er sai art
~:i7>,IESS my band and oifual seal this_ day of_ A. D. 19 72
.
.
Notary Public in a~d or the S~t~of F)~d~'pt:{~rye'~~• C^'.,
, My Comm~ssion expires: c~~ ~S~ ~ •
Retu~n To: ~ fy~Q
~sr fed~rai Sa.~~n3s b Loan Associatlon .
L y.
r~. -.,•r i~ . . . ` ~.rt~ i -
~ .
L:,rt r~ rc:~ F~:._r:.:a ~T~tvCt~%~ ~i:J~DED ~ ~ ~ ~ o~ ~
FL. _ ~~uNTT FLA. \ _ ,
CLf ,..r ~ i ~ ~ ~,e URt ~ `ti " ~ ' - "C ••',Q '
RFrAr•-~ ~ f,~,; = f '••-«:....•..~1 .
Thi; :nstrument Prepared By J. H. Roberts, J. T`~ c
F~rst Fed~ral Savings & toan Assot+ation ! t ~
o f F or t Pi erc e, F l o r i d a ~ o P H' l l
Checked By -
u ~~'1~ 23~~8~
BUGx ~;9U PAGf ~ ~ V
js
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~ N ~ ~ ,~r ~v~` _ _ Y f ~ ~ -
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