HomeMy WebLinkAbout0666 3. To place and coroinuous~y keep o~ the 6ui'd;ngs now o? hereafte~ s~tuata on sa~d land and on sU cq~ipment and persona~~Y ~overed by this moreg•
ege, w~th ali prem~~ms thereon pa•d i~ fuil, Lre insuronce ~n ~he uwal sie~xlard po!fcy form, in a sum aHproved by the MOR~vAGEE, and w~ndn~orm
insurance in Ihe ~sual ~iandard po:.cy form, in a sum appro.ed by the MORTGAGEE, in su:fi company or tompanies as the MORTCAGFE may
direcr; and all (iro and w~ndstorm insurance po~~c~es on a~y of sa~d build~nys, any interest ~hsrein or part thereof, in the aggreg~~e sum afwesa~d w
in excess Ihereof, sMll ;ontain ~he usual ata~~dard mortgagta civuse o~ such o~he~ dause as the Monyagee may reQu~re, maling ~ha ~oss u~~drr s.~~d poli-
cies, each and every, payab:e lo sa~d h~JRTGAGEE as ~ts ~n~zres~ may appear, and each and every wch poi~cy shatl be pron,pt~y ass g+,ed and de~~~ered ro
any held by sa~d htORIGAGEE as lwther secwity to sa~d mortgaga drb?, and, not leu lhan ten (10) ~~ys in adYance of the expirat.on of each pot~cy, ~o de-
Gver to sa~d MORTGAGEE a renewal Ihereof, toge~her with a rece~pt for 1he prem;um of such renewal; and thare sh~N be no f~~e e~ w~~~dsfonn in~~rance
placed on any of said bvildings, any intereit therei~ or part ~hereof, unless in the~ (ann and with the loss payable as aio~esaid; and in the evenf any tum
of mo~ey becomes payabte under such poticy or poGues said MORiGAGEE shall have the option to recrivc and appty the same on account of rhe ind..•brrd-
ness secured Ix~eby or lo permit said MORTGAGORS to reteive and usa it or any part thereof ior otner purj.:osrs. •:.n++c~t th u~ yr.:~.i ~3 cr ~~;a.:~r-
~~g any equ~ty, lien w nght under or by virwe oF this mor~gage; and in the event sa:d A10RiGAGORS sha!I tor any reason fail to keep the sa~d premises so
inswed, o~ fail fo deliver pramptly any of said policies of insurante to said MORTGAGEE, ot fail prompNy to pay fuIly any pre~n,um therefor or in a~y
respect lail to perlwm, d~scharge, exrcute, ef(ed. complete, co:nply wi~h and abide by this cove~anl, o~ any pan hereof, sald MORTGAGEE may pface a~d
pay for such insurance or any part thereof without waiving or affecti~g any opt~on, Iien, eqv~ty, or righ~ under or by virtue ot this Alartgage, and thc
fu;l amount of each and e~ery s~ch payment shall be im~nediately due and payable ~nd shall btar interest from the date thereof u~,iil pa~d at the rate oi
nine per cenrum per annw~ and to~ether w~th such inferist sha? be srwred by the lien of this mortgage. ,
A. To permit, commit q su(fer no waste, impairment or deterioration of soid property o? any part thereof.
5. To pay all and aingular ihe costs, cherges and expenses, ~nclud~ng a reasonabte attorney's fee and costs of absrracts of r~rle, incu~red or pa~d at
any time by said btOR1GAGEE, becavse o~ in the even> of the faJure on the part of the said MORTGAGpR to duty, prumpNy ar~ fu11y perform, d~scharge.
execute, effect, complete, tomply w~th and ab:de by each and every the st~pulanons, agreements, condinons, and tovenants oi said promisso~y nofe and ih~s
mortgage any or ei~he~, and sa:d costs, charges and expenses, each and every, sha11 be immed'eately due and payab:e; whether or not ~her~ be ~ot~ce d>
mand, attempt to col!ect w suit pend~ng; and the full amount of each and every s~ch payment shall bear imerest from the date thereof umil paid at the
iore of nine per centum p,:r annu;n; a~x! aiV sa~d costs, charges and ex~x:nses incurred or paid, Iogether ~v~th such interast, shall be secured by the lien of th;~ _
mortgege.
b. That (a) in the evant of any breach of th~s Mortgage or defautt on the part of the MORTGAGOR, o? ;b) i~ the event any of sa:d sums of maney
herein referred to be no~ pranptly and fully pa~d wifhin th;rty (301 days next arter the san,e severa!ty become due and payabte, without demand o~ nc+ice,
or (cj in the event each and every the sfipu:ar~ons, agreemenfs, cond~rions aad covenants of sa~d promissory r,ota and th~s nwrtgaga any o~ either are nof
iuly, promptly and fully perfwmed, d:xha~ged, executed, eifected, compl`ted, compi:ed with and abided Sy, then in ei~her w any such event the sa~d ag
~~egate sum mentioned in said promissory rwte then remaining unpa~d, with inreresr accrued, and all moneys setured hereby, shall become due a~d pay-
a~'e Forthwith, w thereafeer, at the op~~on of sa:d MORTGAGEE, as_jully and comp:etely as ii alf of ~he said sums of money were or~ginally stipulated
•o be paid oa such day, anything in sa d pro~nissory note or in this M~tgage to the contrary ~otw~thsrand~r~g; a~ed thcreupon or thereafter at the ope~on of
s+.d MORTGAGEE, w~thout no~~ce o~ demand, sui? at law or in equity, therefore or thereaher begun, may be p~osecuted as if all moneys secured hereby
n,d matured pnpr to ~ts inst~tuuon.
7. That in tt+e event that at the beginn;:~g of or at any time pendirg any s~it upon this Mortgage, w to toretlose it, or to reform it, or to enforce
payment oi a~y cfaims herevrsder, said A10RTGAGEE sha!! apply to tht Court having jur~sd:ction thereof for the appo~~tment of a Receiver, such Covrt shail
forrhwirh appoiM a receiver of said mortgaged prope.ty all and aing„lar, includmg all and s~ngutar ihe income, p~ofi~s, issues and revenues from whatever
sev~ce derived, cych a~d every of wh~ch, it being expressly understood, i~ F.ereby mortgaged as if speufica!!y set forth and deuribed in the 9rant~ng a~d
ha~ndum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and power: in a~ywise entrusted by a Court to a Receiver, ar.d
s:.ch appointment shall be made by such Cou~t as an admitted equity and a ma~rer of absolute r~ght to said MORTGAGEE, and withcut re(erer.ce to rhe
adequaty w inadeq~acy of the value of rhe prope~ty mortgaged or to ~he sotvency or ~nso:vency of said MORiGAGOR or the defendants, artd that such
renrs, profits, income, issues and revenues shall be app;ied by such Recerver accord~ng to the lien w equ~ty of said MORTGAGEE ar.d the pracnce of such
CouA. , .
8. To d~ty, promptty and fully pertorm, d;scharge, execute, effect, complete, con,pty w~th and abide by each and every the stipuiations, agreements,
conditions and covenants in sa~d promissory note and this moctgage set forth_
9_ That in the event the ownerahip of the mortgaged prem:ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:'.~RTGAGEE, its successors and ass~gns, may, w~thout nonce to the AiORTGAOR, deal wrth such successor or successor ;n inlerest w~rh reie~ence to this
n'.crtgagC and the d>bt hereby secur~ in the same manner as with h:ortgagor wi~hout in any way vitlating or d~xhatg~ng the Mortgagoii IiabiGty here-
under or upon the dabt hereby secured. Pto sate of the premises hzreby mortyaged ar.d no fo~bearance o~ the par~ of the /dORTGAGEE or its successors
or ass~gns and rto exre~sicn of the time for the payment of the debt here6y secured given by the MORTGAGEE or its successws or ass~gns, ahall operate
to retease, d~scha~ge, modify change or affect the original liabil~ty of the MORiGAGOR herein, either in .whole or in part.
10. It is speufically aoreed that t~me is of the essence of this contrad and that no waiver of any obl~gation hereunder or of the obfigation se-
cured hereby shati at any t~me thereaher be held to be a waiver of the terms bercv( or of the instrument sewred herby.
l l. In add.f;oa ro the forego ng monthly peymen;s of princ pat and imerest requ~red by the prom~ssory nore sec~red hereb~, mortgagor covenants
a~ d agrees to pay to mortgagee wirh each mon?hiy payrr.ent an add;t~onal sum esc~mared by mortgagee to be equal to 1,: 12 of the annuat cost of the foQow-
:~~3:
A-Alt real property taxrs leiiec' or ass~ssed ag~i•,st the abave described roal estate.
B-Prem~~ms on f:re aod wi~~dsrorm ~nsvrance as nere~n requ~red to be ca~ried on the :mprove~r,e~ts s~t~ate on the above dascribed premises,
C-Premiums on wch mortgage guaranty ~^surar.ce as mor~gagee shail fro:n t me to time deem fit to tarry on the loan secured hereby.
Mortgagee sha!1 from time to time notify mortga.gor in writ:ng of 1Fw amount due and payable herevnder and such surn aha?I there~pon be due and
.~,able on the due oate of the next monthty paymem and each" successive menth thereah~r ~r.ti~ mortgagee shall notify mortgagor oi a change in such
o:,nt. Such sums sha;l be apF.iicd by mortgagee toward the payment of real property taxes, insurance prem;ums, and mottgage guaranty insurance
p•emiumS. ~
IN WI7NESS Sl6'HER~Of, t~e said MORTGAGOR has he~eunto set his har.d and scal the day and year first afwesaid.
S~gned, Sea!ed and delivered 'en the presence of: J
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Estber Greenwood
S7ATE OF FLORIDA
u_
:OUNTY OF S t, Ll1C 1~ ~
Before me personalty appeared C1dZ1C S. Greenvrood and
~ ESt~'IeI Gaceenwood h~s wife, to me well known and know~ to me to be
rhe ind~viduafs described in and who executed the forego~ng instrument, and acknowledged before me that they executed the same for the purposes
ih~rein expressed. And tix said Esther Gaceenwood
' ~ r~~`e of the said Clark S. Greenwood upon s separate aod private
examination by me taken separate and apart from her said husband, ackrawledged to and before me that ahe executed said instrument freely and volun-
1-~ry and without any compulsion, constraint, appreF~enson, w fear of or from her said husbar.d.
WITNESS my Fand and official :eaf this ,~~Ti~ day of Ve~er . D. 19 72 `
i ~ •
tary Pubiit in end for th ate of lda ~f• LS)~e• '
C y Commission expires: ~ ~t _ •
Retum To: : i •
first federd $avings 3 loart Association " Q V,l
Of fort P erce ~~A~ u~
iYfY COMMNSSI011 ~7~R~IRE9f~E~?~19. = ~n,c
Fort Pirrce, Florida .
sonAM TAru Ge
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14~D AMQ R~~9Y ~
~1: 1lCI~ C9uMi . n ~ /
This Instrument Prepared By R. L. Callahan ~OGEF FOIfR~S ' ~
First Federal Savings 8 loan Association CIERX C'~CJ~i COURT
of Fort Pferce~ Fjorida I~[CORn v~a~~+EO -y`l
Checked By ~ ~ ~ ~ ~i ~ 1
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