HomeMy WebLinkAbout1780 3. To ptace ar,d conNnuousiy keep on the b~~'d~r;gs now or h~re3ftrr tit~ite on sa~d land and o~ at: ~~q,,~p~n~nt ar,d prnona~~y co.ar,;d 'oy th7s mortg•
ege, w~ih ell p~rmiur.rf thereon pa.d m full, Lre insvrance tha usuai sTa:~~erd po'~cy lorm, in a s~m a~,pru~~d by tha MJR:'vAGEE, a~~d w~:~ds~orm
insurance in the usual st,~nda.d po:.cy form, in a a~m ap~,ro.rd by thr MURIGAGEE, in sucA ccrr.pany or co:npan~en as ~he htORfGAGEE may
d~rett; and all (ite and w;nus~orm insurance po!~tiea on any of sa~d bui:d.~ys, any inte~eat therein or part Iherrol, in the a99~cga~e sum afore~a~d or
excess thrreof, shall cunr.:~n the us.~~l sta^dud ~i:o!!g,,gre uausr or w:h oihe~ c!ause as the Mortgagre may req;,.re, n~o?ing rhe ~css u«:f~r so.d poli-
ues, each and every, pay~b'e to sa~d .ti:JkivAGFE as rts ~mtr.~st may appear, a:~d each a+~d every such po ~cy sl„tl be pr,,mNry ass y~~..•d a~~d d~.~.~~cd ~o
any held by sa~d R10RiGAGEE as fuiih;,•r src~e~ty to aa~d n:ur~gage d~oi, a~,d, nor Icss ~han ten (10) days i:: sd..;~~ce oi ~h~ exp~rat:ai o~ cad~ po'~cy, to de-
!~ver to sa~d MORTGAGEE a~enewol thereo(, to~eiher wi~h a rece~pr for the premium of such rene,tia~; a~~d ~h.•re sha'~1 br no f.re o~ .r~:~.is:u•m inswance
placed on a~y ot said buiidmgs, any interes? therem or part thereof, un!cas i~ the foro~ and wifh ~he losa ~ayctie as aforesa~d; and in ~hc e~ent a~y aum
of money becomes payable ~~:der s~ch policy or pol~cia~ sa~d AIJRTGAGEE shali ha~e ~he opt:on w rece~vr ~~.d apN:~ tt,r sa-ne on acco~ni ol the ;nd_u<<~d-
ness Secured hereDy or to peun;t s~~d 1AORTGAGORS lo reCe~ve and use il W any pa~l ti~•,:~~of io~ or~~~•t y,,,r; ~s~s. .+~~h_„t th,•..~~ :r p_u-
fng any equ~ty, Gen or righr under or ~y virtue of this mor'gage; and in Ihe evrnt ia d MORTGAGORS sha'1 for any rceson fai! to k~ep ~f:e sa~J pre~.,:s_~s so
~nsvred, er fait to detiver promptly sny of x~id pol~c~es of insurance ?o sald MORTGAGEE, or fa~! prc~nptly to pay iu.ty any p:c~~•:,,m tn~•refor o~ in a~~y
respect (ai! fo pe~Form, d~s:harye, execute, eftect, comp~ete, comply with and ab+de by Ihis toven,~::t, or any p.~rl h~~reo1, sa~d MGRTG~GEE may p:dce a~o
pay fpr suth insurance or a~y part thzreof without waiving or afFecting any optio~, lien, equrty, or ri~ht undrr w by w:tve o} th;s h1o~t~3gr, and ~hc
full a~nou~t of each and every s~ch pay+nent shal) br immediateiy due and payable and shall brar intrrest froin thr data therrof unhl p~~d at the rate ot
~.re per centum per annum and to~e~n.•r ,n~Th wci~ int~ ri•st shai~ be srwied by the lien of tha mor~gage.
4. To permit, comm~t or suffer no waste, impainr:~nt Ot de~a~~oration of said pr~perty or any part thereof.
5. io pay all and singular the cos~s, charges and expe~isrs, ~nclud~ng a reasonabte attorney's fee ~~~d cos!s ef abstracts of t~t~e, incur.ed o~ pa~d at
any time by aa~d MORiGAG:E, becau;e o~ in ihe e~ent of the fa~tu~r on ihe par~ of th2 said h10RTGAGOR to duly, pro^~ptiy and fu;iy p,;rfocm, d~scharge.
_~ecute, effect, canp:ete, co~nply w~th and ab de by each ar.d every the stipvta~~ons, ag~re~n~~ros, cond~t~ons, and co~enanh o~ sa~d prom~ssory nore and ~I.~~
~~or~g3ge any or eirher, and sa,d cosn, charges and exFenses, each and evrry, ihall be immrd~ate~y due and pay~6lr; v~hether o~ nat th~re be not~ce da
n,ar,d, artempt to collect or svit Fe;~d~ng; and tha ful! amo~m of each and eve.y svch paymem shall bear in+eres~ from the date thereof until paid a~ the
~~re o~ ~ime per CC~11u~T1 par a~tinu:n; wid .~~i sa~d tosfs, ci•a~gas a~~d exprnses int~rred o~ paid, toyether w.th s~th ~n~rr~st, sheli be secured by the I~cn of th~s
mor~gage.
6. That (a) in the evem of any breach of th~s Mortga9e or defautt on U~ part oi the b10RTGAGCP„ o~ ~b) in the evrnt any of sa:d svms of money
hercin referred to te not promptly and tu:ly paid within th.rfy 13C) da~s next d?ter the same sece~a'ty beccu~~z dve and payable, withovt demand Or net~te,
or lc) in thr event each and every ine atipv~a~~ons, agreements, cond~nons and covenants o4 sa d pronussory no~z a~~d th~s mo~?gage any w e~iher aie not
i~ly, prompt{y and f~lly perfon:~ed, d schargad, eaecv~zd, eifectecl, completed, comµ'~~ed w~~h and ab~drd Sy, then in e~ther or any such event the sa~d ag-
~~eqate sum mentioned in sa~d promissory npte rh~n re:na;n;ng unpa,d, w~~h infere;t ac:rued, and a:l rncnc~s secu~ed hereby, shall become due and pa~-
a5,e forthwith, or thereafter, at the opnon of said MORTGAGEE, as fuily d~xi tomp:etely as if a:l of th~ s.~id su•ns af mOney v~ere or~gina~ly st•puiatrd
ro be pa:d on such d~y, anyth~ng In sa.d prorn~siwy ncte or in th~s hlortgage ro tne conrrary net~virhstand,ny; and th,:~ev~on oi thrrealter ai ~he op:,o+i of
s~:d MORTGAGEE, without nonca or drmand, wil at ta,~v or in eq~ity, ihe~efore or therrai~rr b~gun, may be prosecuted as if all moneys sec~red hereby
r~d mature~ pnor Io rts mst~fut~on.
7. lhat in the event that at ~ne 6e~i~n~ng of or at any tfine pend~ng any sv~t upon ~his Mo+tgage. w to fwetiose it, or to refo~m it, or to enlorce
paymenl of any ciaims he~eunder, sa~d MORTGi+GEE shal~ eppl y to the Court hav~ng ~w~sd:cs;on th~•reot for the appo~Nmenr of a Rece~r~r, such Cuurt shai~
r~:thwith appoinl a receiver of said mcrtgagcd prop~•rty all and singular, inciudng a;l and s~ngu~ar the i^con;e, profrts, issues and ~evenues irom wh~tever
s,wce drrived, eoch and every of which, ~t be,ng e.pr,sstY undersrooJ, is hercby morigaged as ~f spec~f~caiiy set ior~h and deuribed in the g-anrin~ and
h36endum davses hereof, and wch Re<river shait ha'vr al: the hr~ad and efiecr;ve funct.ons and po.~ers in anyw~se e~~rr~sred by a Cou~t to a Recri~er, a~:~
s_ch appointment shalt be maJe by such Co~n a: an admiircd eq~ity and a mauer of atsolute r~ghr to sa:d MORIGAGEF, and wi:hout reference fo fhe
a:i~quacy or inadequacy of the value of the poperty mo+t9aged or to the so~venc/ or msolvency of sa~d MORIGAGOR or the det~ndants, and th;l such
,rs, Nro#~ts, +ncome, iss~es and :etier.ces sh~i: be app:ded such Receiver rcco.~i~~~~ to the Geo or equity of said h10RiGAGEE and the prachce of such
Court. •
8. lo duly, prompt:y and ful[y pe.fArm, d~scharge, execute, ef(ect, complete, cor.ipl~ w,;th and abide by each a~d every the st~putatio~s, agreements, ,
conditions a~d covenants m sa~d prom~ssory note an~ ~hls mortgage ser fonh. .
9. That in the event rF,e owne.ship of rne mortgaged premises, cr any par? thereof, 6ecomes vested ~n a penon other than the MORTGAGpQ, the
:40RTGAGFE, irs successo~s and assigns, may, w;~hout ref,ce to the VIORTGAOR, deal wrth such successo. or succes:or ~n ~nterest w~th re(rrence to this
~o:igage and the drb! he+eby secu*ed in the samr mar~ner as wi~h Mortgagor wi+ho~t ~n any way vit:ating or d;schacging the l:lortgagors' liab~idy here-
~~-der or upon the debt herzby sec.,r~d. No sa'e of the premises hereby rnortgaged and no (crbcarance on tha part ef the !~ORIGAGEE or iti successors
or assigns and no extFns:ort oi th~ !~:r.e {or the payrr.en! of the debt h~reby sec~rzd given by the MORTGtiGEE er its suctesso~s or ess:g~s, a~~all uperate
ro re~ease, dacharge, modify ~hange or at:ect the orig~nal liao:i~~y of the H,ORTGAGpR herein, either in whoie or in part.
10. It is spec~f~cally agreed )hat time is of the esser.ce of this conrrac~ and that no waiver of any ab~~ganon hereunder or of !he obligation se-
cured hereby shall at any time therea!fer be hetd to be a wai~er of ~!~e tenns hercrof w of the instrument sec~~ed herby.
tl. In atid.r:c~ to the fo~ego nq ~noeth'y F;aym_nts of p•ir.c pal and inrerest requ~red by tne prom szcry no'e sec~red hereby, rt~o:rgagor eovenants
d agr~es to ;~ay to n:ortg~g~~e v.rth ea,h r.,on+h y Na~~,:ent an addr.~onal sum esr..;~ered b~ mortgagee to br equa! to 1, 12 ot t~e annuat tost of the foiiow-
ry: .
A-All real Froperry taxas ie.~_;: er atsess_ci ag.3~~~st the ai;ove desvi~cd r~al estate.
B-Pr~rt:~ums on f~r~ er,d w~s~dsro~•n ~r~wra~ ce as i~~re~n reqv :ed to be carried en the ;mrrove~neits s tvate on th~ ab,^ve d~su~bed premises.
C-Premiu~ns on such mort~: 3e gua~anty ir.suca~ ~e as mortgagee sha:l frcm t me to time decm fit to carry on the loan secured hereby_
Mottgagee sh,,'! i~an ti~ne to n:-,e nc~~f~ .m.crty:;go: wnr.r.q of Jhc avount doe and payable here~ndar and s:,ch w:n sha:i thrreupon be due and
;~~able on the due ciate of ih= ~~_it mo~th'y pa~n,ent and ~oe;, successive mor.`h thereafr~r uctil mcrtgagee sha!I no'~fy rrwrtgagor of a change in such
ovnt. Such sums sha l E;e app:ied 'by moriy y,e ton.ard the t~yment of rea! property taaes, inwrance pren;.ums, aod mo*tgage gvaranty insurance
p~emiums.
IN ~'dIT~J:SS :YM: the s MORTGAG R has hereunto a~t h~s hand and s~al the day and ye first oresa~d.
igned, Sealed a d de' ver i t presence of: ~
i
L-t . a ez s ~s~a~y
~ ~C.J , ~ ~ tSeaq
~ tSeal)
~4 ' l5eaq
Alliece Waltezs
ST:.TE OF FLORIDA ~
~OUtJTY OF St . I.UC le
_ 1
Before me personally appeared G• B• ~alters
and
~ __Alliece Walters his wi(e, to me well known and known to me to be
the ind~vidvals described in and who eaxured the foregoing instrument, and acknowledged before me that they ezecuted the same for the purposes
rherein expressed. And the said Allieee Walters
~.~fe of the sa~d _~_~laltorg upon a separate and private
~.ym~nat:on by me taken separate and ap~rt from her sai~ husband, acknowledged to a before me that she execu!ed sa~d instrument freeJy and volun-
'-~~!y and wtrhovt any compu'sion, consr.aint, appre n'~or fea~ of or fr~m said us n
WIiNE55 my hand and offiual seal this__ ' _ day of ~(~j, ~g~
~ • ~
Notary Public in a d for e.3tate~Of ~orida at~t5rgp
My Commission expires: . " ~f =
Ret~m To: a .J :
First Federal Savings b Loan Associat~on ~
= ~,a.:• v 4~
Of Fort P ~rce. ~'QO~ V. ~ .
Fort P~rrte. Ficr:Ja /4~ ~ 2
'
r,.
S
fILEO Ah=. MEGJROEO
ST.IUC~t 1JuM+r fU.~,
This Instrument Prepared By R. K. Ka?yes fGf-~~t =Ga'RAS
First Federal Savings & loan Association CIE~~. .,~1~~ C~GRT~
of Fort Pierce ~ Florida ' 'D
Checked ey ~111 3 36 ('H ~72
. ~
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'i`~.' i~;y 4 } M,'r ~ . __.}„~'Gr.
l4."$r%' e~.s :~r
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