HomeMy WebLinkAbout0330 3. To place and connnuously keep on the ~ui'du~gs now or hereafter aituate on sa~d land and on aC equip:nent and personally tovered by this mor
ege, w~th all prer:uunu tn~~~v~: pa!d in 1uU, f~re i~~surancr m the usuai standard poiity form, in a sum app~ored by ~hc h10R~v :GEE, a~~d windsto
~nwrance in tha us~al s~a~dard ~-ot.cy form, in a sum approved by the A10RTGAGEE, in such cu~npany or co~~~i~an~es os ~he A40R1GAGfE m
'dnrct; and all fae and w.ndsto~m insurance polic~rs on any of sa~d b~ild~ngs, any interest therein or pa~t th~•reof, i~ ~he aggrrgare su~n aforesa~d
in eatess thareof, s1w11 _ontain the uwal st,:.-d.~•d ~'a~sP s.,ch other cfause as the Mo~tUa9ee may ~equ,re, muking the ~oss ~~~d2~ s~~d po
uc:, each and evcry, pa,:,5!e fo sa~d .LIORTGAGEE as ~ts+inieres? may appcar, and each and eve~y such po:~cy shi! 1~ promptly ass gned a~~d de~i„~~ed •
any held by sa~d ;.10Rf^,AGcE as fwther sec~rity to said mor~gage dc-bt, and, not less Ihan ten ~iU) dsys in adlarce of ihe eapirot~on of eath pol~ty, ro d~
Gve~ ro sa~d !.10RTGAGEE a renewsl thareoF, together with a rrte~pt for the premium of such rene~a.; and there shai; be no i,re o~ wi~idstoim inwranc
placed on any of sa:d bu~!d~~~gs, a+~y int~~rest there~n or part thereof, un:vss in the form and w~ih the icss pay~L!e as a'oresaid; and in the event any sun
of money beco•nes payab:e vnder s~ch poficy or pol~c~~s s~id MORTGAGEE shall have the opt~o~ ~o rece~.r ~~~d a,^.p:y t;r_ sa•ne on accou.~t oi the indretod
n~ss secw~d har•_by or ro p~~rrn~t sa:d htORTGAGOR$ to receive ar.d use it w any part th.~reof to• o:~rr ~.ur. ~s,s. ..:~rs~r ih,•~..; :~.~•~.~3 cr ~~~p..~~
;r~ a.;y eq~:ry, l~en or rlyht under or by vi»ue of this n,c-tgage; and in Ihe eve~t sa.d MORTGAGORS sha!1 io. any ~euon fa~l to krep the sa~d prem~s_s so
~nsun~d, or fail to da~~ver pron,ptly any of sa~d po~~ues cf inswance to said MORTGAGEE, or f~~t p:omptl~ to pay fu!1y any pr~•~n~~~n thorefor or in any
resF,rct lail to perform, d~sch~+}e, e~cetute, eftect, completa, eomply with and ab~de by th~s covenant, o~ any part h~reof, said MUR7v%+GEE ma~ piace a o
pay for such i:iser,~nca or any part thrrcof w:thout waiving or affeUing any out~on, Iien, equ~ty, or riyht undcr o~ by v~rtue of thls hlortg3ge, and the
f~ii amount of each and e~ery such pay~n.~nt shalt be ~mmed~ately due and payable and shall bear ir.t~r~~st fran th~ date thereof ~ntil p~id at the rate of
~~:ne per cenfu~n per anr~u:r~ and ;o~_•th:r xrth su.h intt:cst sha~~ be s~cured by the lien ol th=s mortgage.
4. To permir, commit or suffer no wasta, in;pairment or deter~orat~on of said property or any par! thereof.
5. To pay all and sing~lar the costs, chargrs and expenses, ~nduding a reasonable atrorney's fee and cesrs of abst.acts of ti~le, incuned or paid at
~ny ri~~:e by s~~d MORlGAG:E, becawe or in th.~ event of the fa~ture on ~he pan of ~he said MORTGAGOR to du:y, pro.nNriy and fu~iy perform, d~scharge.
_.~cvTe, efiea, compi~~re, co~np(y w~th a~-d abde by each and every the stipulat~ons, agrtamints, cond:f~ons, and cove~~anrs of sa~d pranissory note a~:d th~s
.~'.Jrt9J'~c' any or e~ther, and sa~d cosrs, char9es and exprnses, each and every, shall be immediatety due and payabie; v.he~her or nm fhere be nonce ds
-~„nd, atrempt to co;iect or s~it pand.~:g; and ihe full amo~nt of each and every such paymeM shall bea. imerest from the da!e thereof until paid at the
te o~ n~ne ue~ c~-n:u•n ~.~•r a~v:~:,:; anc: ati s~id costs, chargas and ~xpenses inturred or paid, together w~th such interrst, shall be secured by the 6en of th;~
mortgage_
6. That {a) in the event of any breach of this Mortgage or default on the part o( the MORTGAGUP„ or ;b) ~n the event any of satd sums of money
i._-rein referred to be r.ot pr:,~nprly and fu11y pa~d wirh~n th;rty (30) days next aEt•_~ the same sr:era':y beca~ie d~e and payal~le, without demand or notice,
cr ic) in tha event ezch ar.d every the stipv,ations, agreemenis, cond~tions and covenants of sad premisso~y note and th~s mortgage any or ei~her are not
i~'y, pro:np~ty and iuNy perfonned, d scharged, executed, ei'ected, completed, compi~ed with and ab~ded 5y, then in e;~her or any such evem ~he sa~d ag
~-:~a'e sum ment~oned ~n sa~d promissory nctt then re~njining ~npaid, with intere,t accwed, and a:i monrrs secured Fereby, shail become dve and pay
~ur~~.,~t~:, ii~ereafrer, at the option oi said ASOR7GAGEE, as fully and completely as if aI! o~ tl~r said sun,s oi money were or:ginaily st~pu:ated
he n~~.d on wch day, a+,ythiny in s~ d prom~ssory nore or in th~s ~Aor~gage to the contrary r.o!.•:~!hstand:ng; and ~her•_upon or thereafte+ a~ the op~~on of
s,i N.ORTGAGEE, w~rF.e~! nof:ce or demand, suit at law or in equ~ty, therefore w thereafier begun, may ~e orosecuted as if all moneys secured hereby
r.:J ~narured pr.u: ~o ~rs ~nitrtut~on.
7. Tha~ in ~ha e.ent ihat at fhe beyinn~ng of or at any t~me pending any suit upon th~s M•o~tgage, o~ to for~lose it, or to reform it, or to enforce
~:ment of any c~rns hercunder, said lfORTvkIiEE sha~I apply to the Court having ju~~sd.tt:on th:_reoi for the appo~nt~neM of a Reteiver, such Court shail
r~ rh1vith ap~c~M a rc.ei~.er af said inortgag~•d properly all and sing~lar, indud.ng ait and s~~}gu~ar v~z ir.con:e, profas, issves and revenucs irom whatever
s..,•ce d~~rived. ecch a~:d every of .,,h;h, it tkmg express!y ur..a.c:s:ooa, is !e,eFy r^^•'^>a~::~ ~c ~i en.~~ f~r.~ily set iorth and described in the granting and
.endum r:auses h~r~of, ar.d such Rece~.e~ shaii have a~l the brcad and effecrlve f~nctons ard po..rrs in anyw,se enr:usted by a Co~rt to a Rec~iver, and
s_ch aNpoin7me~d shal! be rt~ade by such Court as an admitted equity and a matler of absowte r.ght to said A10R7GAGEE, and withc~t reference to the
aii~•quscy or inadeyuacy of lhe value of the property mortgaged or to thc so.vency or insu!vency ef said htORiGAGOR or thz defe~,da~~ts, a~~d thet suth
r~~~ ,s, prol~rz, inco.ne, issues and revenues shail be appiied 'by such Receiver accord~»g to the lien or equity of sa~d 1.50RTGAGEE and the practice of such
Cuurt.
8. To do!y, prompt!y and fully perform, d~scharge, execute, effect, compiete. compl~r wlth and abide by each and every the stipulations, agreements,
~•.:d!tions and covenants ~n sa~d promissory note and th~s mortgage set forth.
9. ihat in the event she ownerzh~p of the mortgaged premises, or a~,Y pe~t sFereof, beco ~~s resTr~ ir, a perso^ o!her !h~.^. !h° .".".^3r,r,er:nR, the
:'~RTGAGEf, its wccessers a::d assgns, may, witho~t not~ce to the N.ORIGAOR, deal w~th such successor or successor ~n interest with reference to this
;,-rgage ar.d the drot hereby secured in the same rtisnncr as with P.lortgagor w~thout in any way vit!ating or d~scharging the 111ortgagors' liability here-
_ Jer or upon the d~•i:+ hcr<.:y sccured. No s3'e of the Frem~ses hereby mortgaged acd no forbearance on the part of the IAORiGAGEE or its s~ccessors
c~ ~ss~a~~s ar.d r.o ex~ens~on of the nme ~or the paymrnt of the debt hereby secured g~ven by the NIORTGAGEE or its s~ccessors or assigns, al~all operate
o re~ease, d,scharge, modl'y chanye or affect the or~g~nal tiao~.l~ty of the N.ORiGAGOR herein, either in whole or in part.
10. It is sp~x fr.a~t~ aareed that tl:»e is of the essence of th~s convact and that no waiver of any ob~lgat;on hereunder or of the obligation se-
r, -~d hereby sha;~ at an~ trne tnareafrer be h~:d to be a waiver of the terms hereof or of the instr~mem sewred herby.
1 t tn cda r:; -•o th~ forege r•ror,'f:`y piyments of princ pal and inreresr required by the p+om s>cry no~e sewred h~rebr, mortgagor covenants
•:i ag~_es ro;;ar to n..~-f~~gee r.~~h ~~a:1, ~:~cnrh y pay~..ent an add~~~onal sum es!.~ ared by mortyjgee to be equai to l 12 oi t:ie ~nnual cost of the follow-
A-AI; rcai ;;rop^~tv t3x:s ~~~v~_~' cr aszess_d a~i•~st th~ a6ove desv~._d r:al estate.
6- Fr ns o,~ f~re and :,~cdsto n mwr~rce as nere~n requ;red to be ca+ned en the ~m;;roveme~TS s:tuate on th~ above described premises. -
C- P•e~~ ~w~ s o~T such mort~, ae guar3nty icwra~.ce as mo•tgagee sha~l fre•r t me to time drem fit to carry on the ~oan sec~red hereby_
~:,or~3:;~~•e s'~.: ~'rc~r~ r~ ro ~ nor.f: mcrtg~gor in writ~ng of the a~nou~t du~ and payabte hereundrr and sucfi su~~ shail thcraupon be due and
i :b'.e on rh_ d.,: ;i„r•; ur th.- n•_.r ~,.or~th r pay-nent and each successive ~*o^rh the:eafter ~r:fii mcrtqagee shall not:fy mortgagor of a change in such
i ,.~nt. Such ;,~•:s s~.+.: i._ ai;; ~:d Gy mertgag:e tov:a•d the payment of reaf property taaes, insurance prem:ums, and mertgage g~aranty insura~ce
~..,nwmi. 1.
! I'~ '::ITP1E~5 :'.NER~OF, ?he said NORTGAGOR has hereunto set his har.d and seal the day a year first afor d_
~ S~gned, Seated aod~efeyered 6f th~ presen~e of: ~ '
~
~ ' / ~~v `~-z~(Seal)
-
T , nald E. Thig en
y _ (Seal)
~ ' ~l ~~l/ (Seal)
-1--- Shirle A. Thi e, _ ts~ai)
S'F+~E OF FLORIDA ~ 1
} 55.
':~:;'JTY OF _._-$~~.~ll~le 1
Before me persona{ty appeared Donald E. Thigpen and
_ S~Il11Q~ p1. Thigpen his wife, to me well known ond known~b me to be
indiv~dua;s descr~6ed in and who executed the foregoing instrumens, and acknowledged before me that they e:ecuted the same for,tEt~;purposes
rF.~-ein expressed. And the :~~d_ Shitle~A. Thigpen ~
r,,=~ ar r}~a sa~d Donald E_ Thiqpen _,~p~Jyeparate en~' riwfe
~.:,•n~nat;on by me tak~•n separate and apart from her said husband, atknowledged to and before me that she exetuted said ~QstrumeN'fr~¢ely an~'i~61un-
y ar,d w~~hout any co~r,pulsion, constra~nt, appreh~ns~pp, or fear of or from h~r said husband. ~ ''Q
~ ~ fffIIIlll~~~
~ ~VITNESS my hand and official seal this__-_y,p_= day of ' 0~4o er J ^~,,A.~~~~
~ . ; ~ , t -
1 r '
~ ~C~
(
t ;
y~ ; • ~ ~ ~ _
~ t- Notary PubSit m an~ (or the- St~r.! of F,prit~ aY _
My Comm~ssion e~pires: : 1
Retvrn To: , f ~~j~ ~ ;~a t` -
F;rst Federal Sav~ngs a loan Assoc~aton •s
~ /
~4 i~,rt P crc.• M.'.: r•~. _
Fort Pi_~ce. fiCriJa
f11.f0 ~K9 RECOR0~0
This Instrument Pre ared B H. Robezts Jr . St.~~~~E ~flU~1Y F«
P YJ • ~ ROGER ~~?S C
First Federal Savings & loan Assoc~ation C`E~x ~~i~.GU1T C011RZ
of Fort Pierce~ F lor ida ~ pECOaG VEa1F1f0
Checked BY n~~O~ 3~~ IO 56 AK ~
~GOK PACE ~O
o`t' ;~39593
o.R. .330
~ ~.07 P~