HomeMy WebLinkAbout2036 3. To place and tont~nuously keep on 1he bui'd~ngs no•N or hereaftzr 3ituafe on ssid land and on a'~ cq~ip:ncnt and penona~~y covered by this mor
age, wah all prem~u~fu th~reon pa.d ~n f~il, i~re i~~s~rance ~n the usual standard po ~cy fonn, in a s:,~n a~.~ro+a~ by the h10R:v~GEE, a~~d w~ndsto
~nsuranca in ~he us~al a~sr~'ard po:.cy form, in a w~t~ app~o.ed by the MORTGAVEE, in su:h co~npany c~ compan~es as the 1'.ORIGAGEE m
d~reth and aU (ire o:'.d w~~idsto~m ins~'ar.ce pol~:.es on a~~y of s~~d bu~id.ngs, any inte~•.3~ ther~~n ~r ~:a~l ti,c:aot, in ihe aggrcg~TC su~n aforesaid
~n extcss thereof, sha(l :onr,in the usu~t sta~d~rd mo~~9.~gee ciause or su:h mher c~ause as the Mortgs3ce may requ.re, mal.i~g the ,oss unJar s~~d po
c~es, each and every, pa,: ~~'e to sa~d t~1JRTG.4GEE as es inecr~~st may appear, and each and every such p:r ci sl.alt be pron,pt~y ass g~~~•d and delrvcred
any held by sald ~110RiGAGEE as iurrh~r s_cu~ity to sa~d ~~o~tga9e debt, and, not less than ~e~i 1101 d~ys in adr~nce oi t~~e exp~ro~~on of each policy, to d~
i~ve~ to said !.10RTGAGEE a re~:ewal thereof, toqe~her with a receipt tor the premium of such rene~r.o'; r•~d ~hr'e sha11 6e no f~re or wu,dstc~~n ir,suranc
p!~ted on any of sa:d 6ui:d~ngs, any interest therein or part thereof, ~n!ass in the fonn and with the ioss payao'e os aforesa~d; and in the event any sun
uf mo~ey beco:nes p~yabtz unde~ wch poiicy or poLcirs s~id tdOR1GAGEE shall have +he opr.on to rec_•~vr „~d apF:y t:iz same on accovro of the indalt~•d
ness sec~red hereby or fo permit sa:J IAORTGAGORS fo reCeive and use if or a~y p?rt th,r.~~of t.,r o[r~•• ~.ur~~~se~. :..tr:=.._7 •h.~•~;~: •n_.i+i~~ ,;r r~~p,.,~ ~
~ng any equ~ty, I~en or riyht ~nd~r u~ by v~rtue of tnis m.crtgage; and in thz event sa d h10RTGAGORS sha!I for any ~rason fail to krep the sa~d Nre~nis~~s so
Insured, or f.3il to delivet~ prornptly any of said pol~eies of inwranee to said MORTGAGEE, or f~i: p:omptly to F:ay 1u~ly any prem;~~n therelor or ~n any
r~spect fail to pe~form, discharge, executc, elfec~, canpirtr, comply wirh and abide by this covenjnt, or any part hrreef, sa~d M02T~:aG~E may p~ace a~o
pay for suth insur.~nce o~ any pa!t thereof w~thout waiving or affecting any optio~, lien, equity, or nght und<r or by virtuz of this Mortgage, and thc
4;,1I a~novnt of each and e~ery such paym.•nt shall be immedia~ely due and payable and shall bea~ interest from tha d.:te thereof until p„id at the rate oi
n+r'~e p.tr centu~n per annu:n ~nd to~_•thcr v.i'h such i::terest shai~ be Secured by 1h0 lien Of thi3 rr.ottgage.
4. To permit, commit or suifer no waste, impainnent o? deteriorat~on of said property or ony part thereof.
S. To pay all and s~ngula~ the costs, charges and expenses, induding a r:asonable attorney's (ee and cosrs of absrracts of t~t!e, incurred or pald at
any t~n.e by sa~d MORiGAGEE, beca~se or in ~he event of thr fa~lure on the pa~t of the aaid h1pRiGpGOR to duly, p~omptiy and fv~~y perform, d~scharge,
a.ewte, effec~, co~n~:!ere, co•nply w~th and ab'de by each and every the stlpulat~ons, agrce~~,ents, cond~tions, and covena:its of sa~d pro:n~>sory no~e and th~s
~~ortgage any or e~rher, and sa!d costs, cha~ges a•~d e:penses, each and every, shall be imm~diately due and payabie; whether or not the~e be ~ot~ce d>
r.~and, attempt to collect or svit pend~ng; and thr fuf! amount oi each and e~rry svch pay~~em shall bear i~~eres~ from the date thereof u~ril paid at ~he
r~ o' nine; uer car.tum E•~•r .,n~~,;.~~; ,::~c a~i sa~d cc,s~s, cha:ges and ex, enses ineurred or paid, together wnh svch interast, shall be secured by the Len oi this
mortgage.
6. That (a) in the event of any brcach o( this Mortgage ar default on ihe part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
F,;~rein refeired to ~ i:o~ prcn~~,tly and fully pa~d ~vithin thuty {30) days next atter the same severa:ly ceco~ne due and payable, without demand or not~ce,
or ic) in thz event e:;ch anJ every ~he shp.r:at~ons, agreements, co~d~:ions and covenants of sa.d p~on,+sscry nose and th.s mortgage a~y or elther are nol
iuty, promptly and fv!~y pe~formed, dacharg_d, exec~ted, effected, completed, compf,ed w~th and ab~ded 5y, then in either or any such event the sa~d ag-
~~eyata sum ment~oned in sa~d promissory nu!c than re~naining unpaid, with interest accrued, and ail mor~~ys sewred hereby, shall become due and pay-
ab torthwith, or tht~rc~after, at the cpt~on of s,~d hIORTGAGEE, as fully and completely as it all of It~e sa~d s~ms of money were or~ginaily st~pu~ated
to he pa:d on such u:7, anithing in sa d prcm~ssory ncte or in ihis Mongage to the ccnlrary nor.vithstand.:~g; a~id Ihereupon or therralter dt the opt,on of
s- J N,ORTGAGEE, w~rnout no!~ce or demand, s~~t at law or in equ~ty, therefore or thercafrer begun, may be prosccu~ed as if all moneys sec~red hereby
r.:d matured pr~or to rts ~nstitution.
7. That in the e~ent that at the 6eginn:ng of or at any time pend~ng any su~t upon this Mortgage, or to foreclose it, o~ to reform it, or to enforce
F;~~rnent of any c:a[~ns hareuncicr, said t.SpRTGAGEE shall apply to the Court havir.g ~unsd,ct~on thereof ior the apNointmeM of a Receiver, wch Courf shaJ
ic;;h.vith appoint a rece~ve~ of said mortgayed property all and singvlar, inc:ud~ng ai~ and vnguia~ the ir.come, profrts, issues and revenues from whatever
s,.~ce d~~rived, e:.ch and every of whch, ~t bemg expressly understood, is hereby mortgaged as if spec~lically set forth and descrit~d in the granting and
h~:;endum clavses hereef, and wch Rcceiver snail have al~ the broad and effetTive funu ons and powers in anyw~se entrusted by a Co~rt Io a Receiver, ar.d
s. ch appointment shalt bc made by svch Court as an admitted eq~ity and a matter of at:solute r~ght to said MORTGAGEE, and without ~eference to the
~ci~~q;,;cy or inadequacy c,f tl,e va'.ue of !hc property mortgaged or to the so~vency or inso vency of sa~d M.ORiGAGOR w the defendants, and that svch
~rs, profits, income, iss~es and revenues snall be app~ied by such Receiver accord;ng to the lien or equity of sa:d MORTGAGEE and the preU~ce of such
Court.
8. To duly, promptty and fully per~o+m, discha~ge, exec~re, effect, complete, con,ply with and abide by each and every the st~pulations, agree~nents,
:-_r:ditions and covenants m sa~d prom~s:o:y note and th;s mortgage set forth.
9. That in the ever.t the o•rfnership of the mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the
:'~RTGAGEE, its successors and ass~gn,, may, withou~ notice to the A10RTGAOR, deal with such succeu~r or successor in inte~est with refere~ce to this
o-tgage and she d_•ot hereby secu:ed in the same manner as with L!ortgagor without in any way vil:ating o~ d~scharging the /Aortgagors' liabiiity here-
Jer or upon the debt herrby sec~~r~d. No sa:e of the Fre~~~ses h_reby mortgaged acd no forbea~ance on the part of the N1pRTGAGEE or its svccessors
o~ assig~s and no earers~on of the tune ior the paymenr of the debt h^.eby secured given by the MORTGAGEE or its successors or ass!gns, aliaH operate
ro re!aase, d~scharge, modify change or atfect the o~igmat liau~l:ty of the IdORTGAGOR herein, either in whole or in part_
10. It is s,r.~~cflcaliy cgreed that time is of the essence of th~s contract and that no waiver of any obligatlon hereunder or of the ob;igation se-
c~~~ed hereby shal~ at any t~me Pner._afier b~ heid to oe a waivar of the terms hereof or of the instrument secured he:by.
11. ~n add t:,,:: to +h~ foregc ng onrt;ly payments of p:inc pal and inieresf req~~red by t4~e Fnom sscry ne~e s:cured hereb,r, mortgayor eovenants
~ d agr~~es to pay ro r.:o-ry.i~ce v.iti~ each ~ronth:y pay~.~ent an add~nonal wm est o•ated b~ morty~gee to be equai to 1 12 oi ti:c ann~ai cost of the folfow-
A-All real prop^.ty taxas !ev~c:: o~ assessed ag3i•~st thc above describ~ d real estate.
B Pr ~rr, ,•ru on f~r~ ar:d v:;nclsto ~nwracce as i~ercin req~;red to be czrr~ed e~~ the ;m;:roveme~ts s~tvate on th~ above d_scribed premises.
, C-Pre~niun s o:~ s~ch ~~:o~t~:;ge guarar.ty ir.surar:ce as mortgagee shall frcT T~me to time deem fit to earry on the loan secured he~eb~.
~ R'~ortgagee s~~'~c~r~ t~ ,,e to td ~~e nonf~ mo.ty~gor in writmg of the a:rou~t due and payable hereundar and wch sucn shall thereupon be due and
.<;b'e on rh~• J~e o:+•,~ o~ rh: n•~.r ~r.ootn.~ p~y~.,e~~t and each wccessive n,onrh thereait~r ~r,t~i mcrtgagee shall nos~fy mortgagor of a change in svch
i ~ur.t. S~ch sv~~s si>.~ i i;e a;:, ~ed by mortgagee tohard the payment of rea! property taxes, insurance p~em:ums, a~id mortgage yu~ranty insurance
~*~wms.
~ I!~t \VITNE~S '.'.'N.`R~QF, the said h50RTGAGCR has hereunto set his nand and seal the day and year first a o said.
~ Signed, Sealed aryd delivered j
n the presenc~, of: '
i ~ ?t G'- y' ' ~'~L~ (Seal)
t • ' ~ i . ~ / (Seal)
~ t . ~ i - ~ . -
} ' C c. ~ 4: ~ c i ~f' .y~ , (Seaq
~ - - -s---- - - -
~ 1 ~ l~ ~
t_ i~ (Seap
~ .
5~.=.iE OF FLORIDA 1
St. I.uciP }
~ : JUNTY OF - ~
Before me personaily appeared C• Thompson and
~ _ L-L1C 111 C' Thomnson his wife, to me well koown aiid:ktrown to me to be
individ~ais descr~bed in and who executed the foregoing instrumero, and acknowledged before me that they exect~ttd~~lB~~i6 4or the purposes
rhe~ein expressed. And the said__LuC111P Thompson _ ~ ~
• .
, ~ O_ C . Thom son ' ` ~
. ~ of the sa~d ~ ~po~ ~~pbiete and private
..,m:nat~on by me taken separate and apart from her sa~d husband, acknowledged to and before me ihat sfie execUtef sai~ irn7uw?enP.fleely and volun-
r,•~iy ar.d w;thout any comp~lsion, constraint, apprehens:on, or fear of or from her said husband. . 7 ~ C
YVITNESS my hand and off;c~al seal this_. . ~ I t~ _ day of ~ tober A. D. 19 72
V
>j _ ~ ~ ~ ~ ` . / `1 ~ ~t ' • • L
`Y . ~ ~ ' - ' , i . "
Notary P~blic in and for ~l~State o fto ~•"al~large
~ My Comm~ssion expires: . ~~'ti.,,,,.
Return To: ~
~ First federal Savings 3 ioan Association NOTARY PUB IL
C1STATEo} RORIDAlt IARGE
~ Of Furt P~ rc•~. !~1Y CO'd :'ISSION EXPtRES SEPT. 25, 1975
~ _:,nd~! Ey Amer.can Bar,kers Insurance ~.o•
~ Fu.r P~~_•:ce. Flu~lde
~
~ fIIED A!1G ~ECOROE6
y~`,a S1.L13Cic COUIITY fl~.
~ This Instrument Prepared By ~ohn lti'. Col lins ROCEs~ POtTRAS
~ First Federai Savings 8 Loan Association CIEFK C'~:CUIT COURT ~
of Fort Pierce ~ F~l~ric3a RE~a~_r.r~i~=1E0
Checked By Yib~---- - ~ Zl ~ ~ 20 l~i~ ~~Z
.
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