HomeMy WebLinkAbout1727 3. To p~ace ar,d cominuously Meep on the i.~i'ci~ngs now or he~eafter sitvare on sa~d land and un a~~ cq.:~y~»cnt and persona~ly co1~e~ed by this m.or~g-
ege, w~th all prrmwml thnreon pa d m tuU, fire insurancc ~n tne vi~al s~endard po;ity (orm, in a sum aHp~oved by the h50R~Ca%.GEE, a~,d winds~onn
inwrante iq ih~ usual st.inJ3rd po„cy loim, in a su+n appro.ed by the AIQRTGAGEE, tuch ccmpany o~ c~~~~pan:es as the h~ORiGAGEE m~y
direU; and all li~e and w;~~dsrcrm Ensu~artce poi~c~es on any of sa~d buiid~ngs, any interest therein or pa~~ !hrreof, in the agg~cgate w~~~ ~fures~~d a
in excess thereof, i}~~II :ont;in the u:ual sta+~d3rd merrg.~gee ciause or such oiher dause as the Maegagee may requ,re, ma?~ng ~he loss unJrr s.+~d poli-
cirs, each and evary, pai~b'r ro sa~d htORiGAvEE as ns ~n~erast may appear, and each and eve~y such po!~cy shatl br pro~r:ptty ass y~~rd a~~d de~~ver~d ~o
any held by said h10RfGAGiE as iurih.r secur~ty ro s.~~d n:o~tyage d~ot, and, no~ ~ess than ten (10l days in ad~~~ue oi ~he expirat~on oS each po:~cy, to de-
live~ to said MORiGAG~E a renawal thcreof, toge~her with a retc~pt for the premium of suth renewai; and ~hare shail ba iw i~~e o~ v~indsto•m ~nsurance
piaced on any of sa~d buitd~ngs, any interesl there~n or part thereof, untess in the 1or~n and w~~h the lo:s ~ayable as atocesa~d; and i~ the event any sum
of money becomes payable unJer wch policy or poLc~es sa~d h!ORTGAGiE ah~ll have ~he opr:on to rece~ve a„d apN~y tha sa~ue on accou of ~he ind~6tcd•
nesa securrd herrby or ro per~nit sa~d MORTGAGORS ro recr~~e and use it w a=~y p.vi ~harruf ior on~~+ ~,u~; os~s, ..:~i,;,,:t th. :3 or u:~p~~'-
ing any equ~ty, lien w riyfit unde~ or by virtue of this mcregage; and in 1he evero sa d MORiGAGORS shall 40~ any reason fail to kcep the sa~d premis_s so
insured, or fail to de!~~er pro~nptly any of said pol~ues of ~nsuran<e to satd MORTGAGEE, or fai! promptly to pay t~~:y any pr~~~~~~m therefor or in a~y
respect iail ta perferm, d~scha~ye, execure, ef}est, compaeta, co:np~y with and abide by th~s cove~ant, or any p~rr hareoi, sa~d MUR7GAGEE maY p~ace a~d
pay for such insurence or any part thereof w~thout wa~ving or affecling any opt~on, t~en, equ~ty, or nyht unJe~ or b~r v~nue of this Morrgage, and the
iu11 arnount of each and every such payment :hall be tmmed~ately due and payable and shall bear intcres~ t~om the do~e ~hcraof until p.,~d at the rate ol
mne per trntum per ann~m and to~rth~~r w~`h such inirr~st shait be sawred by the lien of Ihis mortgage.
1. To permit, commit or suffer no waste, ia:pairmeM or drrer:orotion of sa~d property o~ any part ihrreof.
S. To pay all a~ul s~ng.,lar the costs, charges ard expenses, includmg a reasonable atto:ney's tee and costs of abstracts of tiNe, incuned or pa~d a~
any time by said A10R[GAG:E, because or in the evrnt of thc fa:lure oo the part of the said MORTGAGOR to duiy, pro:nptty and fu~~y pe~lorm, d~s:harge.
exec~te, e(iec~, comp~ete, co~~pfy w~th and ab.de by each and every the atipulat~ons, agrerments, co~d~uons, and covenan~s o; sa~d prom~;sory note a~d ih~s
~~orrgage any or e~~her, and sa d ccsts, charges ar.d eapenses, each and every, shal) be ~mmediately due and payabte; whether or not thrre !x nouce dr
mand, attempt to coltect or s~ii ~nd~ng; and rhe full amouN of each and every such paymero shall bear intarest from the date thereof un~il pa~d at the
r.,te u! nine per crntum pei o~uw:n; o»c aii sa~d costs, charges and ex;~enses ~ncurred w paid, tage~her w~th such interest, shall be secured by the lien of th~3
mo~tgage.
6. ihat (a) in the e~ent of any brra;h of t~is Mortgage or default on tha part of the h10RTG~GOR, or ~b) in the event any of sa:d sums of nwney
herain ~eferred to be ~ot pro~nptty and futly pa~d x+thin ~h:rty ~30) days next a~t~r the same severa'ty become due and payab!e, witho~t da~nand o~ not~ce,
or (c) in the event each and eve~y the s~~pu'•at~ons, agreemants, cond~s~ofis and covenants of sa.d promissory note and th,s mortgage any or euher are not
iuty, pranptly and tuliy performed, d•scharg_d, executad, effecrrd, comp~eted, co~npl:ed vf~th and ab~ded 5y, then in e~ther or any such event the sa~d ag
g~egate sum men~~oned in sa~d p~omissory nc!e fhen re~naining ~npa~d, with interr,t accr~ed, and a~l ma~irys secured herrby, shall Letume due and pay-
eb'~e forthw~th, or thereaf~er, at the opt~on of sa~d h1027GAGEE, as fufly and completely a: if ail cf thr sa~d svms of money were or~ginatly st,pu;ated
ro be paid on svch d;.y, anything in s3.d pro:t~:sso~y note or in this Nlortgage ~o the contrary nor.vithstand~~ag; and the~eupon or thereafte~ at the op~~on of
:+,d MORTGAGEE, wirhout not,ce or dema~;d, suit at law or in eqwty, the:efore or thereafter beyun, may be prosec~ted as if all moneys secu~ed hereby
n~d matured pnor to ~ts institution.
7. That in the event that at the begi~n~ng of w at any time pend~ng any surt upon th]s Mortgage, or to foreclose it, o~ to reform i~, or to enfo~ce
payment oi any cia:ms hereunder, sa~d MORTG~GE shall app!y to the Court having jur~sd;csion thereof for the appo~ntmem of a Rece~ve~, such Court shall
fcrthwith appoint a~ece:ver of said mortgayrd ptoperty ali and sir,g~iar, indvd.ng ail and s+ng~~ar the intome, prof~ts, iss~es and revenues from whatever
s:u~ce de~~ved. e:.ch and every of .vh:ch, 1t b~:~~g express~y unders~ood, ~s herrby mor~gaged as if spec~f~caily set forth and dex~ibad in the grammg ar.d
ha~endum ttauses hereof, and s~ch Receiver shaii have all the broad and efiech~e iunu.ons and powers in anyv.•~se entrusted by a Court to a Recriver, and
s_ch appoin:ment shall be made by svch Covir as an admntrd equity and a maner of absulute right to said MURiGAGEE, and without reference to the
n~l^q~acy ot inadeq~acy of the value cf the property mortgaged or ro the so.vency or insoiventy of said MORTGAGOR or ihe defendants, and that wch
~~••,rs, proffts, income, issues and revenues shall be appiied by such Receive~ acco~d~ng lo the lien or equity o! sa~d A10RiGAGEE and the practice of such
Coutt.
8. To duty, prompt;y and fu:~y perfo•m, d:scharge, exewte, effect, complete, comply w~th and abide by each and every the stipulations, agreemeNS,
;onditions and covenanrs ;n sa~d prom~ssory note and ths mortgage set forth.
9. That in the event tne ewr.ership of :he mortgaged pren:~ses, or any part thereef, becomes vested in a person other than the MORTGAGOR, the
h:~RTGAGEE, its successors and assigr.s, may, without nofice to the Y,ORTGAOR, deal w~th svch successor w s~ccessor in interest with reference to th~a
n~c•!gage and the d_•~i hereby secured in the same mannzr as with 1'dortgagor without in any way vifiating w d~scharg]ng the Nlortgagors' Iiability here~
~~:der or upun the debt hereby sesu~ed. No saie of ~i~e p:en,~~, ht~eby mortgaged and no forbearance on the part oi the ?AORiGAGEE w its successors
or ass~yns and no exren>~o~ of the t~me for tne payment of the drbi hereby secured g~ven by the 1dORTGAGEE or its successors or ass~gns, ahall operate
ro re~ea:e, d~scharge, mod~fy change or aftect the origheai Gau~irty of the MORiGAGOR F~rein, eitFur in whole or in part. -
10. It is spec+fica3ly agreed that ti~ne is of the essence of this contract and that ~o waiver of any obligarion hereunder or of the obligation sr
cured hereby shaii at any time thcreatter be he:d ta be a waiver of the terms hcreof w of the instrumem secured herby.
11. In add.tio~ ~o t+,e iorega n,unth'y paym^nT5 of princ pal and int~-resr reqv~red by the prom ssory nore securzd hereby, mortgj~or covenants
~~.d agrees to pay ro Riortgagee v~~th each men~h y p3y~.~en! an add~~lcnal sum esrn:ated b•/ mortgagee to be eq~al to L 12 of the annual cost of the follow-
A-All ~eal prope~ty taxes te~:~~d or assess~d egai•ist thc above desc~~5~~d real es~ate.
B--Prr~~:~ums on fire and w~ndsro~m inv.:rante as here~n req~~rtti' to be carried on tne improveme~ts s~tuate on the above d_scribed premises.
C-Pre~niums on such mortgage 9uara~~ty ~r.sura~.ce as mo~tgagee shali {rc:r. t:me to time deem fit to tarry on the loan secured hereby.
Mortgagee s!~a~! from t~~.,e to time ncrify mortyagor ~n wr;t~ng of the ar.>ou~t dJe and payabte he~eundrr and svch sum shatl the~eupon be due and
I :~,ab!e on tF~e due case of the next momF~!y payment and each successive month thereaftnr until mortgagee shall notify mortgagor of a change in such
I a.o~M. S~ch s~:ns sha:l be app ~ed by mGrtgag?e ro,tiard the payinent of reai property tazes, insurance prem,ums, and mortgage guaranty insurance
~ p•erniums.
! IN ~'JITP~ESS ::H~REOF, the sa~d h50RTGAGOR has hereunto set his ha:,d and seai the day and y first afores ~d.
! gned, Sealed and el"v red in the prese^ce of: ~
! - - . ~f (Seal)
~ _ ~~S' ~ , t`-_ f_ t X = - (Sesl?
-~.ErL~., ' (Seal)
~ - - ~seao
~ SiATE OF FIORIDA ~
Luc i e
~JU!JTY Of St • ~
Before me personally appeared Gerald A. Johnson and
EZSle S• Johnson his wiie, to me we11 known and known to me to be
rne individuais desc~iced in and who exec~red the foregoiag instrument, and acknowtedged before me that they executed the same fw the purposes
~herein exp~essed. And the said- ElSle S. Johnson
f~~fe of the said iE'~'ald A_ Johnson upon.a.sep~.yp~~andprivate
e=am~nat;on by me taken separate and apart from her said husband, acknowtedged to and before me that she execused said iruiruTenif~Ewly~B?~d volun-
~ r~-~Iy and w~thout any compu~sion, constraint, appreh s;o or fear of or from her said husband.
Noveaber - 72
~ 1h'ITNE55 my hand and officeal seal this_ day of ~ ~'.,~Qf=~--
~'i.
' ~ S i r - _
~
~ Notary Public in and for the 5 te of F~rQ~ ~~t 1.arg~ ~
>a
My Commission expires:
~ Return Te: t'~`^''ti°.YP'.;Bil!,r~~~~ ~j~f.~'~~'_`T,.i;'~4~~;'f
~ Fint Federal Savings 3 Loan Association t.;V ~;^r; :':;';-.'~V E~ 'M~~ r- o4•.+~`y• ~
Of fert Pe:ce. fSJi'1Gct2 E~J hm,ci~C3R c...~t~::S~s_Ti~y~l~7~ ,
L; Fort P~erce. Ftcr~d3
~ 7 ~
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~
~ F1LE~ AM~ kECt1~R~E~, ~
~ This Instrument Prepared By Richa rd K. KayesaT- ~GG~E fV~UMR~~L L+
First Federal Savings 8 loan Association ~ 4
of Fort Pierce Florida CLEP.? G~:~~It~T COURT
~ ~ pfet~r :fF.~:Efl
~ Checked By - 9 9 ls i~ ~~z 0~
~ NOY Z P D6A ~.V~ ~Cf ~ 1~
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