HomeMy WebLinkAbout1733 3. To p,.ue .+~~d corn~nuoury lr~•p on tV~e b~~'d~nqs no.v or hereaftet S~t~ate on s~id land ar.d en ai' , y.,~~,:nen~ ard pe~sonatiy co:er:d by thii mot
eqe, Wilh a!1 pri~i:,u~ns th_~ieon F~a d~n Full, i~re iniuranc~ ~n Iha uSuai 5•end~~d ~o~~ty fo~ni, in d 5.'~~ a:.;%ru+ctl bj Ih~~ t.t~Jk•'v:+:,E:, ~~~d ~n~~~~dito
nsurance in the ~s:,31 s•,n~i.,~d po: cy ionn, in a su~n a~:{>roved 'uy ~ha ~ti10RTGAGEE, in sv:h tn e~F•an~ cr co ~~;.ames as thc A'.ORTGr~GEE m
d~raU; and all fne ar,d w:nti;turrn ini~•~nte Fa~~~~~s on any Of sa~d bui~d.nc3S, any inteii:st tfieie~n or F•a~t !1i:,~cof, in the aggn.ys+~• su~~~ aforesald
in excess thrieof, :hali :o~~T„~n ti~e ~w..l s!.,~ci,rd mortg~gae u~use or wch ofh~~ dausa as the T.1o~ty.,3re may rey.,.re, malu~9 t~~r :_ss un~~~r sa~J po
c~rs, each and evrry, pa,.:b'.r to sa~d RtJRi'vAGEE as rts int~~ras~ may appea~, and each and eve~y s:,:h F; s~~~ll ue prom,N~,y ass g:~d .:~~d d~.~v. r~-d
en~ held by s~~d fSORI"~AGEE as fu.ti~_r s_cur~ty ro s3id n~ertgage d_bt, and, not less tha~ ten ~i0? dj~s u~ .~d...ncc cf th~ r.~ ~~.+~~on oi eacn pot.cy, to d.
Lve~ to sa~d ."AORiG~GEE a renrv:.,~ lhercoF, toye~hzr with a rrte~pt fOr thc• pren:wm of Suth rcn~~.:,~: .+~~d thc~e s~~a:~ be ~~o i,~r c.v:~~~stc.~~n ~nsura~c
N!aced on any of se:d b: ~!d~•:ys, any intcrest there:n or part the~eof. un!ess in the foim and w~~h the !oss ~.ayab!e ~s afaes~ld; and in the e.en? any sun
of money beco^•~es p~r~t•~' ~:~Je~ s~ch No:~cy or poi.das s.~~d MOkTGAGEE sh.~ll have ~he oN!~on ro roc_~••~ ,:rd c+p~~.r tne s~+~:~e on acco.,~i of ~1,c inJ~•t,t~e1
ress sec~red hrrrb~ or to E~eun~t s.~~d AlURTGAGORS to reerive acd use it or ~ny p::rt ti~.~:~~of t~~ c'r... ;.~•r, :,s• s ~:,..t th ~~r
~ng any equ~ty, Len or r~~M unde~ or by virtue of thn mcr'gage; and in the event sa•d R10RTGAG0~25 Sf1iII .`or ~iny rceson fai! 1o k~~ep the sa~d prem;s_•s so
nwrod, or fail to d.!~v•:r pro~~,ptly any of said {~,.ci~s of ir~surance to Sa:d MORiGAGEE, or ta,: pr~„ Htly to ~ ay {u.:y a:ty thcr~toc o~ ~n 3~~y
~espect fait to pe~fo:m, d~sch;,rge. eaecu~r, e{fr_~, eompirn, co~np!y ~vi~h and a5~de by fhis covc~,a.~t. or any p.,r~ h~reot, s.:,d Mt~Ri:>=+GEf may p:ace a~a
fo~ suth insur.,nce or any part the:~~uf ,v:thOUt waivi~~g or aEiccting any opnon, iien, equ~ty, or r~~he u~:d;:r or b~ virtue of th~s hlwtg,gr, and thc
~!:.:I a:no~M of each and eve~y such pay~~~~nt shall hc ~minCdiately due and payable and sha,l bear int.:r.st from !ha date thereof until p.•~d at the rate o1
~~ne per cant~rn pet a~~.~iu:n and t~:j;tl~.ar ..~rh S~.n intrr.st sti,n L~ sec~red 6y fhe ii@n of this mortgag~~.
d. To per~~~t, commit o~ sufier no waite, impairment or deter~orat~o~ of sa~d p~operty or any perf thereof.
5. To pay aIl and sinyu:ar the costs, charges aed expe~~ses, ~nc:ud~ng a r~a;onab!e attomey's fee .~~~d cests of a6stracts o( t~t!e, incvned o~ paid at
j~y lin•.e by Sa~~d A10RTGAv:E, because Or in the event of the fa~iure or1 Ihe pdrt of the said td~RTGAGOR to d~~y, p~a~~~ptiy and fu~~y perforin, d~icharge
~~wte, effeCt, tomv:<-te, to ~~{~iy w:th and ab de by ea:h and every ihe stipuiaf;ons, agrr.:~T~ents, cond~t~ons, and cove•~ants oi sa~d pro~~~~>sury note and ih~s
rortgage any or e+ther, a~.d 53 d costs, charges and enFenses, each and evcry, shail be im~n~d~atc•!y dve and payab:e; whethei or ~ot th.~re br not~ce d-
n,•~d, atte~r.pt to co'lect or suit pend,ng; and the full amount oT each and every such pa~ment shal~ bear inrarest from ~he date thereof untif pa~d at the
'~c o' n~ne per C~~c::u.~~~ u~~~.,, ~li sdld co~t5, tkar?ts nc~d tAj.i'n5e5 ~MUrreo Or peid, toi~rlh~r ~v~th i~Ch inte«•s~, sha~! be setured by the I~en Of 1hi3 ~
n+ortgage.
6. That (a) in thr event of any Lrrach of th~s hlortgage or de~ault on the parf of the MO~.TG~IGOR, or ,b) in the event any of sa.d sums of money
f orein referrad to L»~ ~,ot pro~•~~~r~y and fu:iy paid whF:in th.rty ;3J) deys ncxt a~r•_r tne s.~n~e severe:.y bec~~~~r due a~id payabte, wi:hout de~na~~d or not~ce,
cr ~c) in thr e:ent rach and eve~y ~he snpu.anons, a~rer:nenrs, coad~:~ons and covenants o` sa d p~o~:~;sw~y nota and th,s rr:ortgagr any or enhe~ a~e nol
i.,:~•, proniptly and i~iiy Ferfo~~~•ed, dscharg.d, zxecutrd, eTfected, completed, co~npt~ed with and ah~d~d 5/, then in e,ther or any such avent the sa~d ag
a,-~ate sum menho~~ed ~n s+~d F:ro -~5sary nota th~~n rc~i~a~~~fng unpa~d, vnih inter~~,t accrurd, a~~d a.i n:ciurs ScC:i~GCI I~BIC~'J, SF1J~1 becu~ne due and pay-
~t tOrthwith, or ri~ercoi~~•r, as ti~<• cp•~on oi s:~u i.~vR7~:.:+vEE. .ss tu:ty a~~.l ;u~~.Nic'e'y es i'. a!t af s.. J s_~,•s e4 n:eney Kf~P ong„ia~?y sr;pu;a~rd
be pa.d on such dcy, anyt~nng m s.~ d pre:n,ssory note or in tn;s Mortyagr to the conr.ary not:.~shsta~~.,~.,~_y; ~nd thrr~•uF:on or th~rea!ser ai the opt~on of
s:! Af,ORTGAGEE, w~tt;cut not~ce or demand, s~~t at ~ax or in equ~ty, therefore or ther~•a'tter bry~n, n~ay be F,rosewted as if all moneys sec~red hereby
. d matuted pnor to ~ts ~nsntunon.
7. That in the e~ent ti~at aT the beyinn~ng of or at any time pending any su:t ~~;cn this Mortg~ge, or to foreucse it, or 1o reform it, or to enforte
~;menf of any cr3~+~',s he~eurd,r, so~d h50RTGi.GEE sha;: auply to the Court heving ~U:~SL~.C.U:: 1I~~'tcOt !er 1h~~ appo~ntment of a Reo~~ver, S~ch Court sha~f
i. th~nith appcint a retei.er o1 so~d n~..~rtgay;d ~,~operty ail and sing~tar, inc:ud eq o~~ ard s:~~.; a~ me ~r.ccme, piot~ts, issues acd revenves fiom wh~tever
s. rte derived, each and every of wh ch, ~t be~~+g eapresz'y unders~ood, is Fer~ by morrgagJei as :f spec f~c~~~y s~t torth and destnbed in the g~anting ard
! endum c'avses hareof, cnd such Rcce~.e~ sha~i have ail the brcad anti e4fecuve fu~:c~ c:,s ~,nd po:.e~s in any.v~>e entr~ved by a Ccu~t to a Recaiver, a-d ~
s, h appoint~nent shall bc n;ade by su;h Ccurt as an ad nittrd equity and a matter cf a' so~ut~ r.yht to s.+~d MORiGAGEE, a~~d withcut re(erenee to the
i_quaty or inadequa2y o4 tn~• vaice of the ~;roperty mor.gaged o~ to the sovrncy cr mso .rnc~ oi aa~d fdORiGr~GOR or the deicndants, and th;t such
~ ~s, profrts, inco,ne, issues and revenues shaii be app~ied hy such Receiver accord,~~g to the 11en or equity of sa:d LtJRTGAGEE and the pract~ce of s~ch
CourL
B. To du!y, promF.t:y and ful~y pe~forrn, d~scharge, execute, effect, complete. cornpty vti~rh and ab~de by each and every the st~puiations, agreemeros,
~~tiuns a~d covenams ~n sa:d promissory note and th!s mortgage set iorth.
~ 9. That in the evc~•t the ownersh:p of the mortgaged prem~ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the
RiGAGEE, its s~ccessors and ass~gns, may, wi~hou! notice to the ~\40RTGAOR, deal wi~h wch wccessor or successor in ~nterest with reference to this
~•gaye and the d_:;r hereby sec~red in :he same manner as with Mortyagor wnhoot in any r+ay vit;ating o~ d~schargin~ the Mortgaqors' liabiiity Aere-
, d_•r oc uFwn the d_•bt hereby seoned. No sa',e of the `ren~is~s h~reby mortgaged acd no forbearance on the part of the 1~10RTGAGEE o~ in succeisors
c..ss~a~s and ~o extension of the tlme for the paymem of the debr h^reby secured given by the 1'JIORTGAGfE or its su:cessors or ass:gns, a~ia!1 operate
ro.~•~_ose, d~scha:ge, mod~fy change or affect the ong,nal liao.;~ty of the MORTGAGOR Ferein, either in whoie or in part.
10. It is s~ec~fically agrred that tf~ne is of the esser.ce of this contract and that no waiver of any o5~~gat~on hereunder or of the obligation se-
c:,r.•d hereby sFa'~ at an~ tie,e tn_rrafrEr be hotd to be a wai.er of the terms hereof or of the insirument secured he~by.
11. tn .~:id r!-; ,~o t!~_ foregc .7 o~.+h'i p:aYm_~n!s of Evi ;c pa! and inr_iest rea~~ied by the F~~o~r. sscry nc•_• s_cured hcr~•b~. ~nortgayor covenantz
~ ci sgrees !e roy to ~.:c-t3:~qee ~~th eacn c ornh'p par~. ent an sdd:•~ona! s~m es! ~ ated 67 mortyagee to be eq~a~ tu 1 12 of the an:wal cost of the foilo~v-
A-A!~ r~al property tac~s le~:re:: or 3S5°SSC:J agai^.s* the a6ove descri6cd rea~ estate.
E Gr ~r~ ~u :,s on f:r~ and WUl(15~C"'1 ~r~su•ar.ce as herc~n requ;red to be carr~~•d on the :rr, roveme.~ts s~tcate on ti~~~ above d~su~bed prem~ses.
C Pr:n~:u~~ s o:~ zucfi ~•,ort~ ,ge gua~~:~!y ~esura~ ce as mort3agce sha~I frcm t me ro ti~re dee:'n fit to carry on the loan secured hereb~.
h^.ortoagec s~~~a'! f~c:n n~~,e to t:~• e nonf: morryag~r in wnting of the a~r o:,•ir d~e and payabte here~nd.r and s::ch w~T~ sha;l thcreupon be due and
j ,F~'e on th.. due dat•~ o'. rF,e n~•rr ~nonth'~ p~ymcrn and each successive :nonth thereaft,r ~r.til mcrtgagee shalf notify mo~tgagor of a chanqe in wch
~ ,nt Such s~~~~~s s~ aJ f;e a;:F~ I~~ ir, moriga~re tor:a.d the payment of rea! property taaes. ~nwra; ce prem u.ns, o~d mo~tyage guoranty insurance
~
f ....,~ums.
i IN ~.'lITNESS `:+HERFOF, tne s~ d AtORTG~.GCR has hereunto set his hand and seal rhe day and year ~first aforesaid.
~
~ Sg~ed, Sealed an~, de~ivered in the presence of: ~ %
. y< < ~ ~ ~Q /
- ts~a~~
~ _ - ~ t~ i 1 i _ cseaq
_ - - ~Y ~ ' ~ ' tsea~~
~ - - - - - - MaI a t Doh r (seap
/R.
S"-.~E OF FLORIDA 1
:-:iU'JTY OF St . ~.11C1@ j ~
Before me personally appeared ~11~lllldm DohertV _ _ and
M~~ret _R _D4hQL~~C_-_ _ his wife, to me well known and knovvn ro me to be
~ rh: ind~viduats descr6ed in and who executed the foregoing instrument, and acknowfedged before me that they exetuted the same for the purposes
rh~~rein exp.essed. And the said _~lgazet {Z- DOt1QrtV ---r..~?•""'~--
~ :..re of tfie said ____W1111i11H _.1. ~Otlerty _ __~.~~,'~~o
~.'s.separate and private
•,.-mn;non by me takan separate and apart from her sald husnand, acknowledged to and before me that she exepDtet! s~id~rutru~l ireely and vo~un-
~ and w~ihout any compu.sion, constra~r.t, apprehens.on, or fear of or from her said husband. ' `
~ ~ :
tiYITNESS my hand and offic~al seal this__ -?4th _ day of~ October: : 1C~_ D. 19 72
~ • !
~ -~_.~t.~'~ ~ iil. !.7
C_l ~
Notary Public in and fpr ths State'p . ~P ~ C L2tge
~ My Comm~ssion eapiresi 4' Q
Return To: ~p~( PUBL~C~ SfA~E of RORIDA et LARGE
~ F~rst Federal SaYi~~gs 3 loan Associat~on yy (~~j,~llt~lp{t 'EI~P~Rf.S SEPT. 25, 1975
or r.,•r P.::.> oonded By ~rtierican Bankers Insurance Co-
Forr Pi~_rcc, Fi~~ri;jt
~ ~
~K~ FEC~s~bEQ
~ ill`~~E ~OUN~SIA'
~ This Instrument Prepared By J. H. Robelts~ Jz. St AC~E'~ ~~~5 GOftR1 ~
First Federal Savings & Loan Association CCE~K~~"~~p
of Fort Fierce Florida RE~~R~ ~s~~
~ ~ ~ 2 ~ ~~.2~
Checked By ~
~ 207 ~ 1732 2~os~~
BOOM +'AGt
J~;~
' ft. . . _ . r~ a ~ ~ ~a:~ ~
! ` ~,r~
'x~." "-~'e' r..a~ m' ~ ~ , . ' °
. ~
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