HomeMy WebLinkAbout0081 3. To plate and tontinuously keep on the bui!d;ngs now ot her~after ~itu~te on said land and on a:l equipmero and personally covercd by Ihis mortg-
ega, wilh all premiums t6rreon pa d in lutl, fire inw~ente m thc ~wal stan~ard po~icy form, io a sum approved by Ihe MOR~vAGEE, and windstorm
~nsurooce in Ihe usual ~ta~:dord p:.~.cy form, in ~ s~m approved by the MORiGAGEE, in such tompa~~y or Compan~eS as the MORiGAGEE may
d;rKt; and all iiro and w~ndstorm ~nsurance poGci~s on any of so~d buitd~nga, any interesl therein or par? thureol, in Ihe a99r_~e~e su~~ afo~esaid or
in exceas thsreof, shall contain ~he usual standard~ morrgegx ciause or auch o~her clause as ~he Mortgagee may requ~re, mo~.~ng the toss ~ndrr aa~d poli-
c~es, each and eve~y, payabia lo sa6d n50RTGAGEE as its ~mares~ may appea~, a~d ea<h and every such poiic/ shall be pru~nNt~y ass g~lyd and deliver~d ~o
any held by sald A10RfGAGEE as (urther security to sa~:) n.ortgage deb~, and, ~ot leu thsn ten (10) days in advance ot thr exp~rotion of each poGcy, to dr
I:ver fo said MORiGAGEE a re~ewal thereof, ~oge~her ::iih a rece~pt for ~he premlum of such renewal; and there shaU be ~w f~re or w~~~dst~rm insurance
placed on any of said buildings, any intcrest there~n or F•art thereoF, unlesa in the 4~tm and with Ihe losa payable as aforesa~d; a~d in ~he eveM any sum
of mOnBy bccomes payabie under fuch poli~y or poGcies said A10RTGAGEE ahall have the option to rete~ve and apply the same on accounl oi the indrbted-
ness secured hereby or ro permit said IAORTGAGORS to rec=ive and ~se it w any pa~t the:eof icr oti~_r ~,w;~osrs: ,.:+i~o..t th~~. ur .t~~~i ~g or ~.~~pa„-
ing ar,y equ~ty, iien ar right undrr or by virtve of thia mcregage; and in the eveN aa~d MORTGAGORS shatl tor any ~eason (ail to keep the sa~d premis_s so
inwred, o~ fail to de~iver promplly any of said polities o} insurance fo said MORTGAGEE, or fa~l promptly to pey fuily any pre~n~um therefor or in any
re:pect faii fo periwm, discharge, exacute, etfecl, comp:ete, co:nply with and a5ide by_thh covenant, or any part hereof, sa~d MORTGAGEE may piace a~~d
pay ior such insurance or any part thereof without waiving w affectinc~ any optia~, lien, equ~ty, o~ Nght unde. or by virtue of ~his Mortgage, and the
i„ii amount of eath and every svch payment shall be immediately due and payable and sAall bea~ interest from the date thcreof uNil paid at the rate ot
n~ne per centum pe~ annum and to~e+her with auch interest ahalt i~e secured by the ~ien oi this mortgage.
a. To permit, commit ot wffer no waste, irrpairmeM a deterioration of sa~d property w any pari thereof.
5. To psy all and singufar the costs, charqei and expenses, inttud~ng a reasonable attorney's fee and costs of abstracts of title, incurred or paid at
any time by u~d MORfGAG.E, beceine cu in the errnt of the Eaiiurr on the part o4 ~he said MORTGAGOR to duiy, promptiy and fv~~y perform, d~scharge.
~,ecuta, e~fect, complere, comµly wah and ab;de by each and e~ery the stip~lat~ons, agreements, conditions, and covenar.ts of sa~d pro~nissory note and ~h~s
mortgage any w ei~her, and sa:d costs, charges and expenses, each and every, shal~ kx immed~ately due and payable; whether or r.ot thtre ~e notice ds
~..~nd, attempt to co+lect or suit pend~r.g; and the full amount of eath and every such paymeM shall bear interest from the date thereof until paid at the
~ rr os nl~~e ~er crntum per annurn; ~nc' alt said cos~s, ch5rges a~1d expenses incurred or paid, togz~her w~ih such in:eras?, shall be secu~ed by the I~en of this
mortgagm
6. That (a) in the event of any breach of this Mortgage or default o~ the pa~t of the A10RTGAGOR, or ;b) in the event any of ~e~d sums of money
herein referred to be not promptly and fuily paid within th~rty (30) days next a4ter the same severatly pecome dve and payable, without demand or notice,
or (c) in the even? each arxi every ihe sfipuiations, agreeme~u, conditions and covenants of -sa.d promissory note and th~s mo~t9age any o~ e~ther are nof
iuly, prom~rly and f~lly performc~, d~scharged, executrd, etfecred, completed, comp::ed with and ab;ded 5y, then in e:ther or any such event the said ag
grrgate sum mentioned in sa~d pro~nissory note then rema~ning unpa~d, with interest accrued. and at3 moneys secu~ed hereby, shall become dve and pay
a5:e forthwith, or ~hereafter, at ~F~a option of soid 1J10RTGAGEE, as fully and comple~eiy as if ali of the said wms oi mo~ey were or~gma~ly sr~pu~ated
to be pa~d on such day, anythirtg in sa.d pro,n~ssoty nete or in this hlwtgage to the coNrary notwithstanduig; and thereuport or thereaftrr at the option of
:a:d MORiGAGEE, witho~t nor,ce or demand, suit at law or in equity, therefore or thereai~e~ begun, may be prosecuted as if all moneys secured heteby
r., d matured pnw to ds insuwtlon.
7. Tha~ in the event that at the begir.ning of or at a~y time pend~ng any suit upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce
;.~;me~t oi any c~aims hereur.der, said MORTGAGEE shaif apply to the Co~rt having jurlsd,alon tAereot for the appo~ntme~t of a Receiver, such Cour~ shall
iorcnwith eppoint a receiver of said mortgaged property ai1 and singular, includ~ng a:i and s~ngular the incomr, profits, issuas and revenues fram whatever
s~ u~ce de•~ved, each and every of wh~ch, it being expressly unde.srood, is hereby mor~gaqed as if speuiicaily set iorlh aod described in the granting a~d
i.,::.:ndum clauses hereof, and such Receiver sha11 have all the broad and effec~~ve funct:ons and powers in anywise entrusted by s Court to a Receiver, and
s_:h appointment sha? be made by such Court a~ an admifted equity and a matter of abso~~te ~~ght to sa~d MORTGAGEE, a~d without ?eference to the
.:_qoacy or inadequaty of th.e vafue of the property mortgaged or to the so:vency or imo:vency of said MORTGAGOR o~ the defendanis, and that such
~s, profits, inco~ce, issues and revenues shail'be apalied by such Receiver accord~ng to the lien or equity of said MORTGAGcE and the practice of such
Court.
8. To duly, promptty and fully pe~form, d~scharge, execute, eifect, comp~ete, compty wi?h ~nd abide by each and e~ery the stipulations, agreements,
.~:•~dnions and covenants ~n sa~d promissory nore and this morlgage set forth_
9. That in the event she ownership of the mortgaged pren,ises, or any part !hereof, 6ecomes vested in a pe~aon other than the MORTGAGOR, the
:`~RTGAGEE, its svccessors and ass~ans, may, w;thoui no~i;e to the MOR7GAOR, deai w~~h such s~ccessor or successor in interest wi±h reference to this
~:~~gage and ~he d,ot hereby secu.ed in the same manr.er as w~th Mortgagor w~thout in any way vit;atirr~ or d~scharging the ldorrqagors' Iiab~Gty here-
:,:;der or upon the deb~ hereby se.ured. P1o sa!e of iAe premfses hcreby mortgaged ar.d no forbearance on the pari of the ?AORTGAGEE or its successors
o~ assigns and no e,ctens~on of ihe f~me for the payment of the debt hereby secured g~ven by the MORTGAGEE ar its wccessors or au;gns, ahall operate
r~ re~ease, d~scharge, mod~fy cfiange or affect tF.e oriy~nal Iiao:Gty of the MORTGAGOR herein, either in whole o~ in part.
10. It is speufically agreed that time is of the esser.ce cf this contract and that no waiver of aoy obl~gat~on herc~~nder 'o~ JT die obligation s~
cured hereby sF.ali at any time thereafeer be held to be a waire~ of the terms hereof or of the instrumeM secured herby_
11. In add~rion to rhe forego n9 monfh'y paym~nis oi p~i~: pal and inre;~u required by the pram ssory ~o~F secured hereb~, mortg ~gor covena~ts .
~~d 3grees to aay ro mo:tgagre aith each month~y p•~y~.~ent an add~~ionai sum es! n ated by mortgagee to oe equzi to 1 i2 of tiie an»~a1 tost ~f the follow-
.3:
A-All real property taias Eevicd or 355BSS_`j egai•~st th~ above described rea! estate.
B-Pr~mi~~.^.s on fire a^d wE~:dstorm insvrzr-ce as herein req~~:red to be ca~ried e~ Ihe improveme~ts situate on the above des;•~hert ~•-.nises.
C-Prerniums on such mortgage gua•anty insurar:ce as mongagee shal{ fro^~ t me to time deem fit to tarry o.. •he loan se.~• hereby.
Mortgagee shail from tirne to t~me not~fy mortgagor in writing of the amount due and payable hereunder and such snail thereupon be due and
able on the dve date of the next nionthiy payment and each successive mo~th tne:eafter ~r.til mortgagee shafl nctify mortgagor of a change in such
' ount. Such wms s~'a!! ~e appGed by mortgcg_e towa~d the payment of real pro~ierty taxes, insurance prem:vms, a~id mortgage guaranty insurance
~ ._~^~iums. .
i IN WITNESS V1H~R f, the said h~ORTGAGOR has hereunro set his har.d and seai the day an~ year first aioresaid.
~ Si w~ ed a " ered in the prese~ce of: ~ f ~
i \ - _ ' ~ ~ ~l ~
~ O Qr . If OS (Seaq
- ~r•- ~ ~ ~ ~i l5eal)
! ' t ~ ~_~iS.a_L•~-' L ~ ` ~ ~ (Seal)
~ ' _ J H S. MCIAtos (Seaq
s :?:,TE OF FlOR10A O~T. M~ L0S~1
~ ~ SS.
::JUNTY OF CL_ I_trio 1
~ Before me personally appeared _ b Yt nt0 fl and
~ ~-~llZ~~e ; and btac~er S• Mc' I
ntes~? 3~w ~ulfet~o me we Itknown and knovvn to me to be
~ ~he individuais described in and who executed the foregoing instrume~t, and acknowledged befwe me that they eaecuted the same for the purposes
~ rherein expressed. And the :a~d_ Ha2e1 S_ Melntos h
, upon a separate and private
~ ::;r~ of th~ ,d;d _ Robert B. McIntosh
~ c..~nunat~on by me roken separaie and apart irom her sa+d husband, atknowledged to and before me that she executed s~id insrrument -freely and volun-
~a-~ly and wtthout any compu~sion, constraint, ap~re ens , or iear of or irom Fyc, said husband.
WITNE55 my hsnd ar.d offiual seal this~~~ day of ~dvember ~ D.'1972
~ 1
x .
' , Notary Public in and~for e St t= of oriJa aP arg! _
~ My Comm~ssion exoires: t ~ .~r~' T' -
Retum Te: • 7
3 ~ .
ti first federal Savings b Loan Associat.on ~j ~ t' . -
.
Of Fort P:erce. ~ '
r~ ~ .
~ Fort P~erce, florida ;
a-`:
~ Fi~~o aN:t atc~aoEO
stwc~~ ;.AUMTr FLA.
~ This Instrument Prepared ByJ. H. Roberts,Jr. ROCE~ ~~iiRAS t
First Federal Savings & Loan Association CIEiiK C:&C'JtT COURT
~ - of Fort Pi2rce, Florida, P~~'"~'
~ Checked By ~ , ~ 8 9 a6 ~N ~~Z
~
~ p 241551
~ BOOK 2O0 YAGE 8i
~
. ; - - _ . ; ~
`~~hoL ~ '
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M~~"b'Sh ~ _ _ ' _ ~r _ . ~ ia~.~ ,.:F'~`C~~~