HomeMy WebLinkAbout0758 3. To p;ace and coMinuo~siy keep on the bu;'d~ngs ~iow or hereafter s:~uate on sa~d land and on a1; eq~;p,nenf and perso~ally toverzd by ~his mortq~
e~e, vrith eil p~em~vml tkereon pa~d ~n lull, f~re ins~ra~ce m ~na usual sia~~a~d pot~cy to~m, in a s~m aHproved by thr MOR~G~eiEE, and w~~edsro~m
~nsurance in ihe usual ?+,~,d~~d poi.cy form, in a sum app~oved by the A10RiGAGEE, in such tompany o~ compan~ee as the h'ORTGAGEE may
direcl; a~d aN fi~e a~tid w~ndsrorm insurance polic~es on any of said build~ngs, any iNerest the~ein or part th~•reof, in the agg~egate sum ato~esald or
in excess th>reof, shall coma;n the usuai sta~:dard mo~tg~gae ciause o~ such aher clause as tha h1o~~ga~ee may ~eq~,re, maAing ~he toss undrr s~~d poi6
urs, each and every, pay~b!e ~o sa~d ~UJR(GAGEE ns as interest may ap~xar, and each and every such pa:c~ she~l br prar+~Nny assgned ~::d drGve~_•d ~o
any held by sald htORlGAGEE as funher security ~o sald n~or~gage drut, and, nor less tha~ ten (101 d~ys i:~ ad:.,nce oi the eapirat+on of each po!~cy, to de-
Gver lo said MORTGAGEE a renewal the~eof, toge~hr~ with a rKe~p1 for the premium of such renewa!; and ~h~re shal~ ba no h~e cr ~n~~~ds~o~~n insuron:e
placed on any of sa~d buildings, any inte~est therein w part thereol, un:ess in the iorm ar.d wnh the loss pav.+ble as afo.esald: a~d in the evrM any sum
of money txcomes payable under s~th polity ot poLci~s aaid MARIGAGEE zh.jll have ~he opt~on to rece~.n a~~d apNly the sa:ne on acco~nt of thr inJcu~ed-
ness eecured heraby or to perm'rt sa~d MORTGAGORS to rece~ve and use it or any pa~t th<•:rot iw o:~~~r ~,~r;.osrs, ~•.~~i:~,:t tn:•~.~: .~~~..i~ or ~~~:p,.u-
ir,g any eq~ny, Gen or r~ght undar or by virtue of this mo:~gage; and in the even~ sa:d MORiGAGORS :ha:l for any rrason fa~l to keep the sa~d p~em~s~s so
~~~sured, w fail to deliver pranp~ly any of said poLcies of insurance lo sb~d MORTGAGEE, cr fai'. pron,ptiy to ~;ay luity arty p~e>>2;u+n therefor or in a'+y
re~pect }ai! 1o perform, dncharye, ex~cutr, effect, comptetr, comply with and abi~ by this tovenant, or any part htreof, said MORTGAGEE may placa and
pay for s~ch insurance or any part thereof „vehout waiving or affecting any optio~, lien, equ~ty, or rigM undr~ o~ b~ virtue o( ~h~s hturtgaye, ar.d the
t~ll arnount o( each and every s~ch paymenr sha71 be ~mmediarely due and payable and shal) brar intere:t from thr date Ihueof unt~l pa~d a~ the rare of
nme per ce~rum pe: annu~n artd fo~rth~~~ v~~th such ine~•r~st shall be sec~red by ~he Gen oi th~s mortgage. •
4. To {xrmil, commit Or suFfer no wayte, impairment or deterio~at~on of said property o. any Pj~~ ihz.eof.
5. To pay all a~d sing~lar the cests, chargea and expenses, including a reasonable attorney's fee and costs of abstracis of tit!e, incurred or pa~d at
any time by said MORTGAGEE, because o~ in the evert! of the lailure on Iha part of Ihe said MORTGAGOR lo d~ly, promptly and fwly parform, d~scharge.
>x~~cute, eifect, canptete, comp}y wuh and ab:de by each and every the st~pulanons, agreements, conditions, and mvenants o! sa~d prorn~ssory note and th~s
mortgage any or e~ther, and sa:d cos~s, charges and eapenses, each and every, shall be immrd~ately due and payable; wbcther w not there Ge notrce dr
mand, atte•~npt to co!iect or 3uit pend~rtg; and the full amount oi each and evzry svch paymem shall bea. ime~est from the date theceof unti! paid at the
~.~~e of rine per centum per annum; end aU sa~d costs, chacges and expenses incurred or paid, togeiher w~th wch interrst, sAalt be secured by the lizn of th~~
mortgage.
6. ihat (a) in the event of any breach of thEs Mortgage or default on the part of the A10RTGAGOR, or (b) in the event any oF sa:d sums of money
herein refe~red to be not promptiy and iuliy paid ~viihin th;.ty (30) days Reat after the same severa:ly become due and payable, wirhout demand or notice,
or ~c) in thr event each and every the sfiFutatrons, agieemems, cond~sions and covenants ot sa~d promissory note ard th,s mor~gage any a eiiher are no1
iu{y, promptly and lu(ly performed, d:scharged, executed, effected, canpleted, compl~ed with artd ab~ded Sy, Ihen in eaher or any such event the aa~d ag-
3~egate sum memeoned in said pron+issory nete thrn re~na~ning unpa~d, wrth interest accrued, and a+! moneys secured hereby, shall become due and pay-
ab;e forthw~th, or th~rra'ter, at ~he opt~on of s;~d MORTGAGEE, as futty aid complete~y as if all of d,~ sa~d s~ms of money were ongina:ly st~pu~aied
to be pald on wch day, anyrh~ng in sa:d pro:n~ssory note or in this hlortgage to the conrrary ~orwnhua~~d~ny; and rfiereupon or thereafter at the opr~on of
se:d MORTGAGEf, w~~hout notice or dema:~d, swt at law or in equ~ty, therefore or thereafter begun, may be prosewted as if all moneys secured hereby
h~d marured pnpr to ~ts institution.
7. That in the event that at tfie beginn:ng of or at any time pe~di~g any suit upen this Mortgage, a to foreclose it, or to reform i1, or to enforce
payment of any claims he~eur.der, sa7d MORiGAG~f shall apply to the Cowt haviog junsd~aion ~he~eof for the appumtment of a Receiver, such Court shall
forthwith appo~nt a receiver of sa~d mortgaged property all and singular, includ,ng all and singu:ar 1he in~ome, p~uf~ts, iss~es and rever,ues from whatever
sovrce derived, each and every of whrch, it t~:~ng expressly undersrood, is kereby mortgaged as iF sper~(icalfy set fo~th and desc~ibed in tbe granfing and
habendum clauses t~ereof, and such Receiver shaii have all ?he broad ar,d effecr;ve funa,ons and powers in anyw~se r~~t~~airJ by e~o.;:t tc a Ruei~c:, a^d
:~ch appointment shall be made by such Court as an admitted equ~ty and a matter of abso~ute rigM to u~d M02iGAGEE, and wi~Raut reference ~o the
aciequaq or inadequacy of t}~e value of the prope~ty mortgage~/ or to the so~vency or ir~so~vency oI sa~d MOR~GAGOR o~ tfie drfe~~dants, and that such
r~~,.s, profits, income, issues and revenues sha!I be appGed by such Recerver accord:ug to the lien o~ equity oi sa;d MpRTGAGEE and the practice of such
Court.
8. To duty, promprty and futty perform, d~scharge, execute, effect, complete, compJy w;fh and abide by each and every the stipu;ations, agrezments,
conditions and covenanrs ~n sa~d promissory note and this mortgage set fo~th.
9. That in the event the ownership of Ihe mortgaged prem~ses, or any part thereof, Eecomes vested in a person other then the MORTGAGOR, the
M.ORTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deai with svch successor or wuessor ;n interesf w;fh reference to lhis
~~ortgage and the debt hereby secured in the same manner as wi~h Mortgagor w~thout in any wsy vit:ating o. d~scha.gmg the lJbrtgogori tiability here-
~nder w upon the debt hrreuy set~red. No sale of the piemises hereby mortgaged anti ~o forbearance on the part of the MORTGAGfE or its svccessors
er assigns and no extens:on of the r,rne ior the payment of rAe debr hereby secuied g~ven by Ihe 1ApRiGAGEE or its successors or ass~9r,s, a9~a11 operate
ro re~ease, d~scharge, modify change or af(ect the origmal liau,iny of ~he MJRTGAGOR herein, e~ther in whole os in part.
10. It is spec~f~:aliy egreed that time is of the esse~ce of th~s contract and that no waiver of any obl~gat~on hereunder or of the obligation se-
cvred hereby shaii at any time rhereaFrer be he:d to be a woiver of the te~ms hereof or of fhe instrument secured ne~by.
11. !n add.tio~ t~ the forEgo~ng month'y payments of princ pal and inte~es~ requ~red 6y the prom;ssery ne~e secured hereb~, mortgagor covenants
and agrees ro pa~ to mo:tgagee with each monthly payment an sdd~rional sum est~n,ated by mortgagee to be eq~al to 1 j i2 of the annual cost of the follow-
;n~:
A-All real prcperty taxrs levie.a. or assessed aga7•:st the above descr;5cd real estate.
B-Prerr..u~a; on fire and wlndstorrn insurar.ce as nem~n requ:red to be carried en the im;~.oveme~ts s~tuate o~ th~ above d=scribed premises.
C-Premiun.s on such mort~_ge guarar.ty inwra.,ce as mo~tgagee shail frcm t'me to time deem fit to carry on the loan s~cured hereby.
Mortgagee sha!t from t~:n~ to time norify mortgagor in writing of the an^ou~t d~e and payable hereundrr and such surn sha11 rhereupon be due and
F.avable on the d~e date of the next monthiy paymeN and each successive month thereaft~r ~rnil mortgagee shall notify mortgager of a change in such
,^o~nt. Such sums sFai~ be ap~~'ied by mortgagee tor~a~d ~he paymem of real property taaes, insurance prem;ums, and mortgage guaranty insurance
o~emiums.
IN L'~ITN;55 'lvHERcOf, the sa:d MGRTGAGOR has hereunto set his hand and seal the day and year 'rs atores '
.~~5' ned, Sea:ed a.^.d !ivered in ti~e presence of: ~ ' ~
i: 7 , / '
al)
i
- ~ j ~ (Seal)
(Seal)
- - 0`'`'Q'„` lSeaQ
-Raren . rewer
STAiE OF fIORIDA ~
S5.
, COUNTY Of St i~~r i a ~
Before me perwnalty appeared Kenneth Michael BY6WeI and
Karen ~1. BleWer h~s w~fe, to me well knove??•dhd,kjwwn t6 me to bc
' `~e individuals described in and who executed tf~e fwegoing inztrument, and acknow~edged before me that fhey executetl~ tFr~ s3me:
for tiie pu,poses
nc~rein expressed. And the said ~ren M. Brewer _
r:;fe of the ~,~d _ Kennet Michael Brewer • upon a sep~,rate and piivate
~xamination by me taken separate and apart from her said huaband, ackreowtedged ~o and before me that she execute~•sai1~ instrumen('ffy~~y and volun-
<<~~Iy and without any compuls~on, constraint, apprehen :on, or fear of or from her sbid husband. ; ; j :
WITNESS my hand and ofiictal seal this _ day of NO @ ~ % y~'~ v,:~ -
ti~ D.- 19_.~_
. i'cy ' ~ ~
Notary Vublic in and for 1}~e Fjo~hi~~s`t Large
Return To: My Commissio~ expires: a~
NoTAR1r PueuC, sTATE ot R.nR~~a st uRCE
First Federa! Savings 3 loan Assocfa?:on MY COMRII$SlON EJ(PIRES SEPT, j5, 19]5
or co~r P:~:~P. Pr~nded By American Bankea Insurance i:a
Fort Pfrrce. Flcrida ~`EO h~~A P.EG~~aE4
WCIC ~OUM~AS~~
tiBGc- ~ ~
CIEaK ~ '.~'Jli CCURj
This Instrument Prepared By R. K. Kayes aFC«"'~'-`'~r:~~
First Fede~al Savings & Loan Association S~i Su t~7
of Fort Pierce ~ Florida ~15 ~ Q~ 2~g ~ 7~
Checked By BOOM
;~42o~s
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