HomeMy WebLinkAbout1560 3. To p~ece ond continuocsiy keep on ~~~e b~. d~~:9s now or hereafler fituate on sa~d and and ~n a''.: ~q_:ip~nent and persona~ly coveied by ih[s mu~
ege, w:th ali p~a:~,;~~,.s i~:c~eon pa J~n fuil, f,r i~:s.,r~nca !n thc ~s~al stacdarJ po ~ty torm, in a s~m a~.~~o~cd L~ th_ A1JR•v:.Gc~, a.',d w~nJs+o
~nsurante in tha us~al sr,.:J~~d ~,o:~cy jorin, in d sum eFpro~.ec~ by thc' h1~RT('iA(~iEE. in Suc!~ co~n~~any or to~ny~.an~es ~S the f.',~21l~AGEE m,
d~rect; and all fire a~,y w.ndsrorm msu•ance ~~o.~c~es On an~ of sa~d build~ngs, any interest thcriin or part th~:eof, in ine ay9~• ga1~~ w~~ aloresa:d
in excess ~he~eof, sh~ll ;onr~~n thc• ~s~::i s~a~~d.;~d n:or~g~gre z;ause or such o~her c~ause as ~he hlortyagee ~nay ~rqu.re, mdling iha :css ~~+da~ s ~~d po
c~es, each and every, pay.,~'e to s~~d ;.IORTGAGEE as ~ts inrerast may appear, and cach a~:d c.e~y w:h H~ ..i s~ a~l ue pron:pny ass y•.~d e~~•d dc:~y:r~~d
any held U~ s.:~d :;.ORI;,AC,iE as f~rrher securit; to sa~d n.ort~age d~~b~, ar.d, not !ess ~han ten ~1^; d~YS .;ci._~~~ce of ~t:e exF•~~ot~on of ~,,:i. po:,cy, to d~
i~ver to sa~d h10RiGAGfE n renrw~t the~rof, toge~h~•r with a rece~pt for thc pre~nium of such rrne:.~; .,.~d if:cre stwi~ b_ no ~.r~ o~ ..I~~:isru•~n ulsuranc
p!ated on any of sa:d Lu~'d.~~gs, any in!crest ~heie:n o~ part ti~erroi, un'ess in the iorm and w~!h ti~e Icss pay.,i~!e os a4ores~~d; and in the r:ent a~y s~n
ot money bc-com~~s p:~yetie ~~~dr~ s~ch polity or po~~ues S~~d MORTGAGEE sh311 have thc o~~t.on ro rrc•_~~~~ .~pG.Y tn> sa ne on acco~ ~t of thc indautrd
n..ss scc•.,red hrr~~b~ or to uermrt sa:d l~SpRiGAGORS to rete;ve ~nd use it a any part fh .~~f ;;.r c~: r i.,;~. _s•:; ih ~
,ng any equ,r~, Gen or ~~ght und~rr o~ Vy w:~ve of this mc~rgage; and in the evem sad MOBTGAGORS sh~:l `or any r~~aso~i fa~l ro kcep the sa~d pre~n~s:s so
~nsw~d, or }ail t0 da'~ivci proinpl;y dny Of s.+iC~ pOl~Cies Of in5urante 10 sa;d MORiGAGtE, c~ t,.~. E~r:.n.p!./ 10 {`3y fw:y any ~~rr:~'i_'n thrrrfpr O~ ~n J'~y
respect fail ~o pe~form, dsrh.,rye, execuie, efiecl, con~plete, co~np~y with and ab~de by th~s cove~~.+:~, o~ any p.~rf harrof, s..:d MUCIGAG[E ~nay p~aee a,o
pay for wch insuv.,nce or any pa~t th~~~eof wrtho~t wai~~ng or affecting any opt~on, Gen, equ~~;, or n~he ~n,.lrr or b~r v~~tue of th~s A1o~tgag•~, and ~hc
f~.:!I amo~nt uf each and e.ery wch payment shail be immCU ~'ely due and payabte and shail b~~ar interest trom t6a datr thereof ~mil p.,~d at the rate oi
.~:ne pet Centurr. F~-Cr an•~~w'n a~~d tc~_~rtftrr ocrth Such i:i~:rt~5+ Shau bz sac~red by the IiC~1 Of th~s mortqagc. -
4. To permit, camm:t or suifer no waste, impairme~t or deterioration of said property or any part thereof.
5. To pay all and s~ngul~r the costs, charges and expensrs, inciud~ng a rca;onab!e attorney's fee and cos~s of aF,stracts of t~t'e, it,w•red or pa~d at
any ti~..e by sa~d ASGRlGAG'_E, beca~se or in the event of the fa.iure on the part ot the s~id hIJRTGAGOR to duly, pro~r.ptly a~.d f~:iy periorm, d~sch~~ge
_~ccure, efiect, comp~~ te, cc +`ply w~th and a6 d~ by each and every the st~p~lat~ons, agre~r.~,.~nts, condloo~~s, and covenanrz oi sd~d p~o~~~~ssory note end th~s
„~~rgage any or enher, a:~d sa d cosrs, char~es and eapenses, each and every, shall b~- imm~d~are~y due and payab`.r; v`heth•>r or not ch~~re be noT~ce dr
~~aad, atre~npt to col~ect or s~[t pe~~.d ng; and the fu!1 amoum o4 each and e~ery svch paymen~ sh~il bea. inferest from ihe date th~r~ot until pa~d a~ the
oj ~~~ne per c~~:e„•n +~r i; .nC .,ii sa~d costs, charg~s and ra;:a~~s_s ineurred or paid, tog~tt~~r ~~~th such infcrrst, shali be secured by the of Th~s
mortgage.
b. That (a) in thr event of any brrach of th~s Mortyage or defa~~t on th> part of the N~O~TGA^vOD., or ,b) in the event any of sa'd sums oi money
V~crein referrad to be no+ H~om~~tiy and fu:ly pa~d wit:~in th.~~y i30~ dats neat a~r•;r the sa~~~e severa':y beco~ne due and payable, wiiho~t de~nand or notrcc,
_r .,q in tha event each and ev~ry thc st~p~.at~ons, agreements, mnd~r~a~s and co~enants of sad pro~mssury nota and th,s mortgaga any or e~th~r are nol
~.,:y, promptly and iully perlormed, d s,harg_d, e~ecuted, eitected completed, compi~ed wrth and a6~drd 5y, then in e:ther or any suth event the sa~d ag-
7•.-~a~e s~m rr.ent~oned in sa~d pro•t~~ssery nc•e then re~uaining ~npa~d, w~th ir.trrc;t ~cc:.,ed, d~~d a,: mon~;s secured herety, shall become due and pay-
~ forthwith. cr th_rea're•, a~ ihe oF~~~cn of sn~d h10~2iGAG~E, as fuily a~w~ co~np:e~e,y es ~t a~l of t',_ s~~d s~ms of n;oney were or~g~natfy sr,pv.atrd
i_~ be p~.d on svth dcy, anythu~g in s:~ d pro n~ssory note or in this tilortgage to the confrary not.vithstand~:~g; and th~•reupon or the~2a~te~ at the opt:on of
s~:i MORTGAGEE, wlthou' nehc~ er de~~ia~ed, svrt af law or in equrty, thcrefore or thereaiter begvn, may be Nrosecuted as if all mcneys setured heceby
r.:~ rnatured pr~or to ~ts inst~tut~on.
7. That in the evert that at tn~ beg~n~~ng of or at a~y tirr,e pend~ng any su~t upon this Mo•tnage, or to foreclose it, or to reform it, o~ to enforce
~ i,~ment of any daims he~eurder, sa~d LtORiGAGEE shall appty /o the Cour1 having ~v~~sdct:e~i eh~~rot fer ihe appo~nt~nent oi a Receiver, such Cou~t shaii
f~rthwith appo:nt a receiver of sa~d mortgag~d prop~rty aIl and sing~tar, inc~~d ng a~i a~~d sin-3u~ar the ir.con~e, ~rohts, issues and rever.ocs fro~n whatever
s_ :~cz der„ed, eath a~,d every of wh,c7~, ~T tn~ng express'y unde~stoed. ~s her<~by ~ne~rg,g_~d as ~f spec,fiw:;y set forTh and deser~bed in the g~anfi~,g a~~d
endum c:aus~s hereot, and s~~ch Recei.er sha i havr alt the b~oad a~,d etfecnve iuncr cns ~+~~d po..e~s in anyw~se cmrusred by a Cou~t to a Rec~~ver, a~,d
s_h appoin!ment sh31i 6e made by wch Court as an ad nitred eq~i!y and a matter of a6so,ute r,ght te sa~d h".ORTGAGEE, and witheut re(erence to the
~ i_q~;cy or inadey~acy of ti~e va!ue of thc property mortgaged or to tne so.vency or ~r;so.lency of sa~d MORiGAGOR or thr delendeMS, and thst such
ts. prohts, income, issues anc! revenues shali be appl~ed by such Rec~iver accord+ng to the iien or equity ol sa~d MOR7GAGEE and the practice of such
Court.
8. To duly, prompt!y and fvlly perfo.~n, d~scharge, execute, eifect, complete; co~np~y w~th and abide by each and every the stipulations, agreements, _
:ondit~ons aod wvenanrs ~n s;~d prom~ssory note and this n,orrgoge set forth. -
9. That in the e~~nt the crmersh;p of tF.e n:crtgaged premises, o. any part !hereof, lecomes vested in a person other than the MORTGAGOR, ihe
JRTGAGEE, its successors 35r,3'~=, may, wirhout nonce to the h10RTGAOR, deal v,crth such wccessor or succrssor ~n ~nte~esr with reference to th~s
o•iqaye ar d the d_•i~t F.c~eby sewred in tne same n~a~~ncr as with lLlortgagor withovt in any ~vay vit!ating or d,scharging the f7lortg;gors' liabi;ity here-
,.r der or ufon the debt he~eo~ scc~red. No saie of tl~e Fre:n~sPS heieby mortgaged acd no forbearance on the parr oi rhe ?dORiGi.GEE or its suLcessors
or ass~g~~s and no er.te~~s~on ot the n. e for t1~~ paym~~nt of the debt hereby secured giv!•n by the PAGRTGAGEE er its wccessurs or ass,gns. a~~a~l operate
ro re!ease, ti~scharge, mud~fy ct~ar.g~ ,or affect the eng~nai ;i;u~;lty of the NORTGACnR herein, either in whole or in part.
10. It ;s spcr`;_a::y :g•eed ~hat i~me is of th~ essence uf this co~~tract a~:d that no wa~ver of any ob;:gat~on hereunder or oi the obligation se-
c,red hereby shaii at ani ti~,~e rherrarter be he;d to 6e a waiver of the terms he~cwf or of the instrumeM secured he*by. -
I l. in cdc! t'.c i•~ t~.,~. ior~~c ng :•.onth'V f;:ey., nrs of Exi~c pa( and int_rest requ~red by the prom sscry ro~~, s<cu~ed hcr~~br, mo:t~s3or eover.ants
+ d agr~es to par te r:pr!y~qee •nith eaC'~ ~non'h y;,j~r er,r an add~r~onal su~n es1~~ a~ed br mo<<yagee to be equai to 1 12 of t:~e ~nnual cost of the foliow-
A-A;I reai ;.rop rty texr.s le:~_~~ or ass=•ss_ci ag3;•~st thc above desvibcd roat esrate.
$ Fr,,~, ,.•;~s o~ f~.e ar ci wicdstonn insur,;rca as i~ere~n ~eq~;red to be carr~ed e~~ the :m;:rovemeots s:tuate on t!~a above d_sc~~bed p~emises.
C- Pre+r,:~~r~ s o~i wch moir~,,ae gua.an'y ~~sura~ ce as mortgagee shall Fr0'r t me to tim,e deem fit to earry on the loan secured hereb~.
ti"~ortg~ger shr ! f~cm t~~n~~ to t~~.~e ror~f; mc.tg~ger fn wr~t~ng of the a~,ovot due and payable hereund~~r and such su•n sha!1 thrreupon be due and
.-,6!e on ~hc• d~~r ci~,~e oi th, ne.t month:; pay~~•~~nt and each succeszive rno~th thereaft,~r u~.til mcrtgagee shall not~fy mortgagor 'o ~ange in such
~ r~nt. S~cli sums s'e i i;e ep~';eJ by rnortg:~g:~ tor.erd the pa~~nent of1reai property taxes, insurancc prem.vms, an mortgage a nty insurance
j . i:.nium5.
E IN ':lITPJE~S ::HER~OF, the said h50RtGAGOR has hereunto set his hand and seai the day and t i~
~ Signed, Seated ar~d deliver in the presence of:
I ac' (Seal)
~ ~ _ Elzie Lovett, a single adul~~ai~
. ,t~-- - (Seal)
- (Seaq
~
_ ~~~C Vf ~LVRIUM ~
~ ._;U'dTY OF - - ~ ~
Before me personalfy appeared E1Zle Lovett artd~
-_---~~~--~------~------~----~~-~""-""'--'~-------'riii w?e, to me well known'~and knovvn M me to be
indiv~dvai described in ar.d who eaec~ted the foregoing instrvment, and acknowledged before me that }1e executed'l~e same fpr A1e purposes
rh~-ein expressed. /i1td~IRy'saitf____=___~ ______~__~~~_____~.____--_-__~_~~-.~~~.=r~~_~~~~ ~
.
-:?e a4~tFe iaa - - ~ _ - - u n se~'d~~~PnvaTe
..c~~n~aat~~ 6y~raad.Ni~o saparat~ ind ~pact~4rn~rL6e~:aid.Jtisbard~ x{crwa~rladyod~to ~~hefoce~nat6ai alae.c+uec~ed,ScY;d ipft~ {r~d rok?w~
na
_.,..:y awd w+iww.say;-co~pu~cwp, ~w»v«a.wJ~ a~d~~ Lr-f~s~.oL ~r-S~owwM~aaii ~~aw~. _ 'r - ~ ::2 : c:_
WITNESS my hand and official seal tF.~s_.-..~~-- day of Uctober 72 t A. p~ 19
~ , ? C_ .
.Y - •
Notary Public in an for he S1a(e~f.flor~~1'larye
~ My Commission expires ,
~ Return To: 3- ~,~"1~••
First Federal Savings 3 loan Associat;on
~
~ Oi ~o~t P..rci, -
Fort P~~~~c~~. ~~:c~~~c1+ f LEDl~MOR~C~+ App ~
~OCER~FOIMR~S~~
61Ea1( Gt"CU~T f~6URT~, 1~
~ RECOp^ VE=~f~fl~,.~.~...~
This Instrument Prepared By D. Holerger
~ First Federal Savings 8~ Loan Association t
• of Fort Pierce~ Florida 8,~` ~ 1~
Checked ByI1~__--_ 2~~424 -
~ooK 207 ~~~E~.560
~
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