The URL can be used to link to this page

Home My WebLink About1106 To place and continuo~sly keep on the bu~ ;iin~s now or hereaf;er situate ort taid l3nd and on al; eq~ipmant and penonally covered by this mor age, w~th all prem~v~r~s thrreoo p~ d ~n tull, iue insurance in ~he ~sual standaid po.'ity fonn, in a sum aHproved by ~he h10R~G.aGEE, ai~d windsto ~r.surance in the usual s~and~~d pc:.;y form, in a sum approved by the MORTGAGEE, in such comµany or co~npan~es as the A10RiGAG:E m dueU; an~ ail tire ar.d w~n~lsrorm ins~~ance po;ic~es on any of sa~d buiid+ngs, any ;nterest therei~ ur parl th~~~eo1, in the aggre9a+e wm aforesa~d in excess the~eof, s~~ali :ontsin the vswt s!a~~.dard ~norrgagee clause or such ofher ciause as the Mor~ya3ee may reyu.re, making thL toss undrr si~d po c:es, each and eve+y, pay~b:e to sa~d '.tJRiG.4GEE as ~q m~aresr rnay appear, a~~d each and every s~ch po ~c~r shj;l 6e promptly ass y~~ed a~~d del~.;;red • any he~d by sa~d t,tpRlGAGfE as furthe~ seca~~ry w sa~d n:o:tgage deot, and, not less than ten (10) days in ad:ance oi the explrat~on of each poi~ty, to d~ ~~ver to sald A10RiGAGEE a renewal thereof, toge~har with a rece~pt for the prem~um of wch renewa'; and thrre sha;! bz no f,re o. wi~~duo+~n inwranc p~aced on any of sa+d 6ui!dmgs, any interest tnere;n or part thereof, unlesi in the fann and with the ~oss payaWz as aforesoid; and in the event any sun of mo~ey becumes payab~e undrr svch policy or poLcies s~~d MQRTGAGEE shall have tha opt~on to rec<~.e a~~~d ap~!y t~~r sa~ne on accoun~ of ~i~e indr~r~•d nrss secur~d hereby or to p?r:n~t sa~d h10RTGAGORS to recr~ve and use it p? any par~ the:cof tcr o:~~•.r +,u:; os~s. v.:~n:..t th:•..>: ~v,.~.~ ~•~,;~„~r in any e u~t iien or ric ht under or b rrtue ni inis rt~ .-noe t~, ~ k,~~~ the sa~d oremisct so ~ 9 Y. ) Y c:egage; and in ine eveni 5~'~, ~A^v~':,A~~L-.... . - ~nsurrd, or fail io defiver promp~ly any of said poGci~~s of insuran~e 1o safd MORTGAGEE, or f~~~ p:or.~pt~y to ~pay'fv:ly any pre~n;.,m iherefor or in any respec? fael to peifo~m, dkscharge, execute, effect, completa, comply with and abide by thia tovenanr, or any perf h~reof, sa~d MGRTv%+GEE may piace a~~d pay ior such insu~: nce or any part thereof wnhout waiving or affecting any option, lien, eq~~ty, or right under or by virtue oi th~s hlorrgage, and the f~ll amount o( each and e.ery such payment shall be ~mmediately due and payable and shal! bear intcrrst from the date thercoi until paid at the rate ol n~ne pft centum pe~ annum and tog_tL~•r v~~~~h sucn interest shau ;.~e secured by the lien oi Ih~s morig~ge. . 4. To permit, commit or suffer no waste, impairment w deterioration of sa~d property or any part thereof. 5. To pay a!1 and singu~ar the costs, charges and expenses, indudir.g a reasonable attorney's fee and cosrs of a6stracts of tit!e, incurred or pa~d af ,ny time by s~~d MORiGAG:E, because or in the event of the fa~iure on ihe part of the said MORTGAGOR to duly, p~omptly and fully perform, d~scharge. _.~cute, effect, complete, co~nrly w~th and ab:de by eath and every ~he stipufat~ons, a9reemenis, co~d~tions, and covenants of said pro~nissory note and ihis „or~gage any or e~~her, and sa d costs, charges and ezpenses, each and every, shaN be 'rmmrdeately due and payab:e; whether or not there be nofice d~ mand, altempt to coiiect or wit pend~ng; and tt~e full amount of each and every such paYrnem shali bea. imeresi irom ihe da~e ~he~rot u~ti~ paid at the ~:r•z o' r~~ne ner c~~ntum F~cr ~,i„~ a:~d ~~i s~~d cosvs, cna~ges and fY:IB~\SBS incurred w paid, together ~v,th such interest, shall be sxured by fhe lien of lhis mortgage. b. That (a) ;n the event oE any breach of this Mortgage or default on the part of fhe MORTGAGOR, or ;b) in the event any of sa:d svms of money I~re~n ref~rred to ~ nor pro~np!;y and f~fly paid wit}~in tn~rty (30? days nex~ attcr the same severa:ty become due a~d payab?e, wiihout demand or notlce, or ;c) in thr event each and evrry rhe sripv:aho~s, agreeme~as, cond~r~o:u and covenants of sa d pro:nisso~y note and th~s n:ortgage any or either are not i~:y, promptly and fuily pcrforme:d, d.schargad, executzd, effected, comp;eted, compl~ed w~th and ab,d~~d Sy, ~hen in e~fher or any such evem the said ag -egate sum mentioned in sa~d pron,~ssory note then remaining unpaid, with intere;t accr;srd, and a~~ monrys setured hereby, sha~l becuma due and pay e!csoh,vith, or ther•~afrer, at the oprmn of sa~d MORTGAGfE, as fully arul complefe!y as if afl of ~hE said wma of money were or,g~na;ly sr.pu:ated ro 6e pa~d on such day, anyth~ng in sa d prom~ssory note or in ihis Mortgage to the contrary nOt ~~thst3nd~ng; an~ thereupon or fhereafter dt ih~ opt~on of s~.;i MORTGAGEE, wrthout nor~ce or demand, suh a~ law or in equity, therefore or thereaf~e~ begun, may be prosecuted as if al~ moneys secured hereby n,d matured pnor to ?s institunon. ~ 7. That in the event that at the beg~nn;ng of or at any time pending any s~~t upon tl,is Mortgage, or to loreclose it, or to rcform it, or to enforce ~~aymCnt of any ciaim.s he~eund~r, said M.t~RiGr+GEf shaN apply to the Coun bav;ng furlsd:c~~on thereot.ior the appo~ntmeM of a Receiver, such Gowt shail fc:~hwith appoint a~~ce::•er of said mortgagad property all and singufar, i~tl~d•ng alt and singu~ar the intome, prof~ta, issues and revenues irom whatever s_ vrce d~rivcd, each and every of wh~ch, it be~ng express~y understood, is hereby mortgaged as if spec~f~~a+ly set forrh and desu;bed in the granfiAg and h,uendum c!a~ses hereof, and such Receiver shai{ have aIl the broad and effect;ve funct~ons and powers in anyw~se e~frusted by a Cou~t to a_Reteiver, and s ch appoinrment shalt be made by such Court as an ad:nitted equity and a matter of absotute righ~ to sa~d MORiGAGEE, artd w~thout reference to the a..'~_y.,ary or inadrquacy of th~ value of the preper~y mortgaged or fo fhe so.vency or ~nso~vency of sa~d MORiGAGOR o~ the defendants, and that s~ch ,~s, profits, inco.ne, issues and reven~es shall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of wch Court. 8. To duly, prompt;y and fulfy per{orm, d~scharge, execute, effect, comptete, cbmply with a~d abide by each and every the stipulations, agreements, :ond~tions and covenanrs m sa;d promissOry note and this mortgage set iorth. 9. That in the evern thc o.vnershtp of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the :'ORTGAGEE, its successon ar.d ass~gns, may, without notice to ihe htORiGAOR, deal w:rh such successor o~ successor in interest with reference to this o~fgage and the d~~~t I.ereby sec~~ed in the same mar~ne~ as with Mortgagor w~thout in any way vit:ating or d~scharging Ihe Mortgagori liabiiity here- drr or upon the debt herr~~ sec~r~•d. No saie of the pie«~ises hereby mortgaged and no iorbearance on the part of the IhORTGAGEE or its successors ~ cr assigns and no exrers~on of rhe t~me for the paymenl of the debt hnreby securzd g:ven by the MORTGAGEE or its suctessors or assgns, a~~at! operete ~o :e~ease, d~scharge, modify charge o~ affect the ong~~al Ilau,:~ty of the NORTGAGOR herein, either in whole or in part. i i 10. It is sperfkaliy ~greed ~har time is of the essence of th~s contrac~ aad that no waiver oi any ob~igat~on hereunder or of the ob~i9ation s~ cu-ed hereby sna(i at any time rhereafter be he!d ro be a waiver of the terms hereof or of the instr~ment secu~ed herby. 11. In a;ic~ r;cr~ to r~~e forcgo'nq monrhly uayroenSS of princ ~ai and intarest requ~red by the p•omsscry no'e secured hereb~, moctgago~ covenants d agrcea to pay to ~no-r3,g_e v.ith each ~ren~h'y pay~ ;en~ an ;dd~r~onal sum est~n,atcd by mortgagee to be equai to 1, 12 oi t:~e anowal cost of the follow- A-All real prope~ty t3,.:s te:~_.~'. ar ass- sc,~d ag.3~• st thc above desvibed ~aa~ esrate. E- Pr~«:~~ .~s ori f~rz and v.lndsTO•~n ~nwracce as herein requ~red to be carrifd en the ~m;:roveme.~ts s;suate on the above d~zuibed premises. j C-Pre~rnums on s~ch mort~~Q~ gvaranty ir.w~a~.ce as matgagee shai! fron~ Yme to time deem f~t to carry on ih? loan secured hereby. PAortgagee s^~:~ f~un t; ~:e to t~n~~e not~f~ mcrtgagor m wnt;ng of the arnou~t due and payabte hereundzr and such surn s~+al~ th~reupon be due artd ,,ble on the cl~e cia!e ot rhe next :nonth.; p;y~nent and each successive month thereaitar u~:til mcrtgagee shall not~fy mortgagor of a change in such _ ~unt. Such su ns s~ a:i ~:c ,;f_p ;~•c1 by mortgaq.~e to.+:ard the paymenT of rea~ property taxes, insura~ur prem,ums, and mortgage guaraNy insurante ~c,r:iums. _ !N 1'~lTNESS '.':H~R~OF, rne sa~d h10RTGAGOR has hereunto set his hand a~d seal the day ye irsA aforesaid. Signed, Sealed and deiiv red in the presence of: - ~ (SeaQ {Seal) ~L (Seal) - {Seal) I ST:.TE OF FLORiDA 1 SS. ; ~JUNTY OF _ St . Ll1Clp ; I Before me personally appeared pledge r C. COd ISOII and ; _ ~OI'Ot~])/ COil l 9~i1 his wife, to me well known and known to me to be t ! '~e individua~s descr~bed in and who executed ihe foregoing instrument, and acknowtedged be(ore me that they execured the same for the pwposes ' th,rein eapressed. And 1he:a~d__~rothy Coalson I r. •Fe of the sa~d _ pl ec'.ge r C. Coa 1 son vpon a separate pnc~~~frG~ats am~na+~on by me taken separate and apart from her said h~sband, acknowledged to and before me that she executed said instrument. ffe!ly~and~'volJr?- ' ~.y ard without any compu'sion, constraint, apprehe~n/sion, or fear of or from her said husband. ~ i WITNESS my hand and offic~al sea! this__ ~~l~ da of October 19'~T! Y • r+ ~ ! ~ j otary Publit in ano ~or tbe St oE Fior' ~/j Larte ~ = y Commission expirer. = Retvrn To: . " ? ; O ` KOfA11V PU J First Federaf Savings S toan Asscciation ~MM,eUON~ OE~R~Q~ ti~,~,~~,~ EX~~a~ e n pf "o.r P~~ce eena•d Tn.~~n~r~~ in ~41t~ Z9•~~ Fort P~_r.e, F!~.iJ~ su,~nce Usftrt~ft.r~. - f LEo naU R~C N t - ; wG~e couM~r ~L~. . , . ROCfR FO~TR~~ . This In~trument Prepared By Ga ry F. E1lwooktERK C' :CUiT CO{1R~ First Federal Savings & loan Association Rf.COED vtr.~~lEp i of Fort Pie~ce FZorida ? Checked By ~ ' ~ 5? ; 24~1~2 BocK~~ P~ct11~ - i ~ ~ _ _ ~ : m ~ °~w~ ~ -