HomeMy WebLinkAbout0648 3. To ptace and continuousiy keep on ~h~ bui'.d~n9s now or hereafter ailuate on sa~d land and on alI equipment and personaity covered by this mcr
age, wrth all pren~~ums the~eon pa d ~n (u~t, fire ~~~SUrar.ce ;n rhe usual uand3rd po!~cy form, in a s~:n aHproved by the MOR~G~GEE, and w~~~dsto
~nsurance in ~he ~sual stand~~d po,.cy fo~m, in a wm aFproved 6y thr MORTGAGEE, in such canpany er co~npan:es as the ~11pRTGAGEE m
d~reU; and all fire and w~nd'atorm insucance pol~c~es on any of sa~d Iwiid+nys, any interest therein ur part lhereof, in Ihe aggrepa~e s~m afo~esa~d
in excess rh~~reol, s}~aN :onfain fhe uswl st~~~d~rd mortgagee c~ause or wch other ciause s 1¢e Mo~tgayee may requ~re, making'the jpss under sa~d po
nes, each and every, pa~ab:e ~o sa~d MORiGAGEE as ~ts interest may appear, and each an~ every iuch po:~c/ st~a(I be promptly 'ass gned and de~~v~r.;d ~
any hetd b~ sa~d 1,10RIG4GEE as fucthcr s_curity ro sa~d n,urtgage drbt, and, not less than ten OO) days in adv~nce of the expiration af'~ach policy, to d.
I~ver to sa~d h10RTGAGEE ~ renewal thereof, ~oge~her with a rcceiF~t for Ihe premium o( suth rener,al; and there shail be ~w i~re or w~nds~o•m insurant
p!nced on any of said b~ifd~ngs, any interest therein or part the~eo(, un!ess in the Form and with the loss payable ~s aforesaid; and in the event any sun
et money Ltca~nes p~ya~~~ vnder such policy o~ policies sa~d MORTGAGEE shail have the opt~on to rec~~ve <~~~d app!y th: sa~ne on account ol the in~,;bted
ness :ewrcd h<reby or to permit said MORTGAGOR$ to recrive and use it w any part th•::eof tcr o'n~ r pur; os~s, v.~rn:,.:t th,...~; ,va;.i :;r ,•np~~r
ing any equ~ty, lien or right unde~ or by virtue of this mcrrg3ge; and in the event sa~d h10RTGAGORS sh~!I f0~ any rzason {ail to krep the said pre~nises SO
inwred, ot ~ail to de!iver p~oinptly any of said pol~eics oi insuran~e to Said ti10RTGAGEE, ot fai: prcmptly 1o pay fu~:y any pre~~~~~~n thc~efor ot in a~y
respect fail to perfom., du.har.3e, exrcuta, effea: tomp~ete. co:np;y wirh and abide by this toven~nt, or any part hareoi, s.~id MGRT; AGEE may piate a~~o
pay foi such Insur,~nce or any part thereof w~thout waiving or aifeding any option, lien, equ~~y, or r~ght under o~ by virtue of this Mortgage, and thc
t~tl a~nous~t of each a~~d e.ery such p~ymrnl shall be immediately due and payable and shall bear interest irem th~ date thereof u~~ti! p.,~d at the rate oi
n~ne pvr c~ntum per annu:r end to~_~thr~ ~neth Such inter~st shaii W Sacured by the lien Oi thii mOrtgaga.
d. To permit, commii w w(fer no waste, impairment o~ detericrat;on of said property or any parl thercof.
5. To pay all and singu~ar the costs, charges ar~d expe~~ses, induding a reasa~able atrorney's fee and costs of abstratts of title, inwrred or paid at
,,~,y t~n,e by soid h1e7RIGAG~E, because or in the event o+ the fmiure on the part o( the said MORIGAGOR to duty, promprly and fully pe~lor~n, d~schargr.
:~~curc, effect, cornp~ere, comply w~th and ab:Je by each and every the st~pulat~ons, agreeme~ts, cond~t~ons, and covenants oi said p~o:nizsory note and ~h~~
~~o~tgage any or e~~her, aud sa:d costs, cE~~~yes and expens<s, each and every, shall be immediate~y due and payable; whether or not there 6e norice d_~
ma•id, othrnpt ro co.lect or svit per,d~ng; and the futt amount of each and eiery such payment sha~l bea. inferest irom the date thereot until paid at the
ot n~ne per cencun~ ~.~r a~i„u n; and alt said ccsts, charges and expenses irxurred or paid, togcther wnh wch ime~est, shall be secured by the lien of thii
morlgage.
6. That (a) in the event of any breach of this Mortgage or defautt on the part of the MORTGAGOR, or ;b) in the event any of satd sums of money
h>rein reterrrd to bG not p~omp~ly and futly paid within th~rty (30i days next ait~r the same severaily become due and paya6le, without demand or no!ice,
or tcy in the evem each and eve+y the st~pu!ations, agreemenn, cor.ditions and covenants of sa.d promissory note and th:s mortgage any or e+~her are not
~~;y, pro~npNy and fulfy perform~, d,scharged, executed, effected, tompleted, co-npGed wiih and ab~ded 'ay, then in e~ther or any such eveM ~he said ag~
g•a3ate sum ment~oned in said prom~sso~y nore then remaining u~pa~d, with intere;t aarued, a~d ail nwneys setured hereby, shall become d~e and pay-
ic, forthw~th. or thereat~rr, at th~ opno~ of sa;d MORTGAGfE, as fuily and comple~ety as ii all of th~ sa~d sums o~ money were or~gina:ly sr~pulated
r^ be pa,d on such d.:y, any~hing ~n sa.d pro~n~ssory note or in this Mortgage to the contrary nor,~ithsrandi~~g; and th~ereupon or thereaf!er a1 the opt~on of
s, d MORTGAGEE, withcut ronce or demand, suit at law or in equny, the~efore or thereafter be~n~er~ecyted as if a!! moneys secured hereby
n. d~naru~ed p~~or ro ~rs 7ASINL11iJn. l-it~( j , ~
7. That in the eve~t that at the b innin of or at an lime 'ng y po ~~~'1
eg g y pend~ an suit u n thi} e ~f fprecl ~e ~t . ot to refo~m it, or fo eniorce
~~.a,ment of any cia;m.s hereunder, sa~d MORTGAGEE shal! apply to the Courf having ~u~isd.ai ¢~e 1fie~ ~in~~A~vr's~tdc'Ei3tti~svch Courf shafl
t~.:thw~rh appo~nt a receiver of said mortgaged property a31 and singular, indud~ng a{I and sin lh' ~ ~!~4~r Msbea i~b.il~~uaT~;i~qN whatever
s~rce derived, each and every of .vh~ch, it being expressly undersfood, is F.ereby morrgaged iceTTy ie1'Tonh ar~ ~,scnb~~ t~¢, g~aroing and
1.,t,end~m da~ses hereof, ard such Recefver sba~t have att the broad and efFectfve funcr.o~TS and powers in anyw~se emrusted by a Cou~t To a Receiver, and
s ch appointment shatl be made 6y such Court at an adn~ived equity and a matter of a6solute r:ght to sa~d MORTGAGEE, a~d without teference to the
r.:ic.av;cy or inadeGuac, of the value of the property mortgaged or,to the so,vency cr inso~vency of said MOR(GAGOR or it~e deFzndants, artd that svth
r_.•rs, pro!its, inco~ne, issues and revenues shail be applied by such Reteiver accord:ng to the lien or equity of sa~d MORTGAGEE and the practice o( such
~U:~tT.
8. To du:y, prompt;y and fu:~y perio~m, d~scharge, execute, effect, complete, cort,ply with and abide by each and every the st~putations, agreements,
;onditions and covenants in said ptomissory note and th;s mortgage set forth.
9. That in ehe evenr rhe ownersh;p of fhe rr.ortgaged pren,ises, or any part thereof, becomes vest~ in a person other than the MORTGAGOR, the
: ~RTGAGfE, its successors and assig~~s, may, witho~t notice to the A10RTGAOR, deat wuh wch successor or svccessor in interesl with re(erence to this
•ro•rg;ge a~ d the d~_ot hereby se~ured in the same mann<r as w~th ~~lortgagor with~ut in any way vitlating or d~scharging the tdortgagors' tiability here-
, ~ der o~ uf on the debt hcreuy secu~ed. No sale of ~he prem~ses h2reby mortgaged ar.d no forbearance on the part of the IAORTGAGEE or it= s~ccessors
~r asv~ns and no extension of the ~ime for the payment of the debt hereby secured given by fhe MORTGRGEE or its succeszors or ass+gns, a:ia!! operate
ro re~edse, d~scharge, modify thange or aftect the orig~nal tiaui!~ty of the MORTGAGOR he~e~n, either in whote or in part.
10. h is spec:ficatly agreed that t~me is of the essence of th~s contract and that no waiver of any o6ligat~on hereunder or of the obligation se-
cvred hereby shalt at any time thareafter be he~d tc be a waiver of the terms hereof or af the instrumem secured herby.
11. In ,.;1;1 t:c, to the forego n9 nwnth'y pay;nents of pri:tc pal and interest required by the prom'ssery no'e s~~c~red hereby, n~ortga~or eovenants
+~d ag~_•es ro ;>.,y ro rr.o•tga3ce s:rh each mon+h.y Na;~,enr an add~r~onal sum rst~:na~ed by morrgagee to be equai ro 1, 12 of t.~e annual cost of the follow-
, ,9
A-A~f r~al F;ropcrrty taxas le~:~_d or assessed dJ1I•1S1 thc abave descrihed real estate.
E Fr;~r:,,,s o~ hr,~ and vrnpsm~,,, ~nsuracce as nere~n requ~red to be carr~ed on the ;mprovements s~tuate on the above d_scr~bed premises.
C Pr::•,Iu••.s o~~ such ~r:ort~age g~a~enty ir.s~ra~,ce as rno+tgagee shail (rorc t me to time deem fit to carry on the loan secured hereby.
'."~o~~g~,gre s'~; i fro~n !~~~:r to ti:ne ner,fy mcrtyagor in wr~t~ng of the am.ou~t duc and payabte hereundar and svch wrn shall thcreupan be due and
,~61e un rh•, c~ue ti~,~~ ef th~ ~~~•xt mo~th:~ payment and each successive month tF~~:~after ur;til mcrtg~gee shalf not~fy mortgagor of a change in such
Su:h so ns sF.i ; i;e ap{~:i~d by morty~y~.e toward the payment of real property taxes, insurante prem;ums, a~id mortgage guaranty insurance
. .,~r.wms.
IN \'lIiNESS '..HER~OF, the sa~d htORTGAGOR has hereunto set his hand and scal the day and year fjrst aforesaid.
Signed, Sealed eliver in the presence of:
- ($eal)
' . . - A an B d c~,i)
~ - tSeaq
'l - Clara Mae Byr esean
i
I _'~+E OF F10RlDA ~
S5.
''.:~U!JiY Of _~__cL~_~UC lQ ~
0
~ Before me personally appeared ^ At}]ari ByYC~
and
t _ clara Nlae Byrd his wife, to me well know~ and k~own to me fo be
E rh_ +ndivid~als described in and who executed the foregoing instrumen!, and acknowtedged before me that Ihey executed the same for the purposes
~ rh•_re;n expressed. And ~he sa~d_ _ Clara Mae BVZCI
! :;,'e of the sa~d Athan Bvrd _„P~;a sepat~ya arid. private
~ •~•am~nat~on by rn~ ta4~n sepa~ate and apart from her said husband, ackrrowledged to and before me that she executed said jnstiym4f~l"fte~~y~afc{•votun-
! ~~~~~y an d w~t hou t any compu lsion, constraint, appre hens~q~, or fear o f or from her said husband.
Octob ~ ' 72
' YJITNESS my hand and official seal this_ TL~ _ day of q",p, 9T-
~ • ~ l t~ OJ ~ ~ , f - -
x -
~ • Notary Public in a d fo th~~ate~~ id at ~rge:
My Commission expire . j ~
Ret~rn To: ~ l ,r~i
~ Fint Federal Savings b loan A:sociat~on ~ i,+ ;
ps f;;rr P . rce.
Fort P~.~rce. F!c,rd~ ' -
~ E ~wQ R eQ~ -
E
R
~~T~ ~
This Instrument Prepared 8y Gar F. Bllwood CI~RK ~t''.~~1T C01lftt 1'~~'~1
Firs! Federal Savings & Loan Association ~ RE~QRD Y~F'f~Ep~....~•i+"
of Fort Pierce , Rlorida t
Checked BY ~ yo ~ R
800K~~ PAGE
;~3~'784
~
I~