HomeMy WebLinkAbout2747 3. To p~ate antl tontin~ousiy keep on the b•i~ d~r.gi no~v or hereafta~ fituat! on sa~d 'and and on a'1 rq~~p'nenl a~d personally tovered by this mortg-
ege, w~th a:l p~en:;~.ns ~hereon Na d m Eu;l, f~e ins~rence ~n thr ~suai standard po:~cy form, in a swn aHproved by the h'1CR:~a:.GEE, and r.~~dstonn
~nsurance i~ tha uwal s~anda~d Fo! cy iorm, in a s~:~ epproved by ~ht AIORTGAGfE,, in such company or co~~~pan~es as the h102IGAGEE may
dueU; and all fire ard w:nds~onn insuren~e p.~~~~~~~s on any of s~~d twild,ngs, any ~nterrs~ there~n or part thercof, in the a99~ega+e wm aforesa~d or
in wx~ess the~eof, sha~l contain tne usual stanJard mor~gagee rau:e or such othe~ ua~se as the Mortgagee may reyu~re, rnaki~~g tha ioss undrr s,~d poii-
c~es, each and every, parau'e ro sa~d htiJR1GAG[E af ~i~ ini~irst may appear, and eath and every such po::cy shal~ be pron,~,tiy assgncd o~~d de:~Yai~•d ~o
ery held by sa~d MOR(GAGEE as fwrhar a_curny ~o sa~d o~or~9a~e debt, and, not less ~han ten (l01 diys in ad.ance ot the exp~~at~on of eech pot~cy, to de-
~~ver to sa~d MORiGAGEf a renewal thereof, toge~her with a rece~p~ for the pramwm of such renr+.a~: and thrre shail be ~w f~re or w~~~ds~o~m u~:..~ance
ptaced on any of sa:d b~i!dm9s, any iroerest there;n or part thereof, un!ess en the form and w~th the ~oss payable as afore:a~d; and in the evero a~y sum
of money becomes paysbie under wcA pol:cy or poLcias said MJRTGAGEc shall have ~he opt.on to ~ec~~1•e ~nd apy!y 5he sa+ne on accou~~t o( thz ind~~i~t,.~d-
ness secuied he~eby o~ to pe~nut sa~d MORTGAGORS ro recrive and use it or any part theceof Icr o:n. ~~.u~~ ~e<•s. --s th ~7 c~
~n~ any equ:ty, Ilen o~ n~ht under ur by v~rwe of this mcc'~aae; and in the evem sa.d h10RTG~GORS sha!I Eor any ~cason fail to ketp ~he sa~d pre~nls_~s so
insu~ed, or fail to del~~er pro~nptly a~y of said {wl,cies of int~rante to sa~d MORTGA('iEE, or faii pron:p7ty to pay fu!:y dny ~/8~~11J:h therefor or ui a~y
respect fail to perform, d~sch.rqe, ex~~c~re. effect, canplet~, co•nply wirh arxi ab~de by this covrnant, o~ any p.+~t hereof, sa;d MURiGAGfE may p;ac~ a•+tl
;.jy fw such insur~nce or any pa~t tne:eo4 w~thout ~vaivi:~g or afFecting any option, iien, equ~ty, or ngh~ under o. by v~~tur o1 th~s ~lortgagr, and the
t~;~ amo~nt of each and every such paymant shall be ~mmediately d~e and payable and sha11 brar imc~est (ran ~he data thercof umil pa~d al the ~~~e o}
~~~ne per centurn per annum and tu~rthar mrth auch intrrezt sha~~ be secured by the tien of th~a mortgaga.
To permit, coinmit w suifer no waste, in;pairment w deter~orateon of said ~roperty ar any part the~eof.
5. To pay all and singufar the coats, charges and eape~ses, including a reasonabie attorney's fee and cosrs of abstracts of t~tle, incurred or pa~d at
~~y time by sa~d b10R1~AG'_E, because or in the even! of ~he fa:i~re on ~he part of the said MORTGAGOR to duly, pro~npily and fuliy perlorm, d~scha~ge.
~.ecuta, efiect, comp;ete, co•nply w~~h and ab:de by eocfi and every the sripviaf~ons, agree~»enfs, cond~t~ons. and covenants of sa~d prom~ssory note and ~h~s
,:orrgage any or e~ihcr, a~,d sa:d cests, charges and e,epenses, each and every, shall be immediately d~e and payab'e; whe~her or nof there be nor~ce d~
r,and, attempt to collect or suit pend;ng; and Ihe lvll amount of eath and eyery such payment sFall bea. interest from the date thereof until paid at the
~.e uf n~ne per c<nr~m p<r an~~,..n; a,i~ a11 sa~d us~s, cha:ges and e,epenses inc~rred w paid, togett~rr w,th such interest, sha~l be secured by the I~rn of th~f
mortgage.
6. That (a) in the event of any 6~rach of this Mortgage or default on tlw part of the A'.ORiGAGOR, or ;b) ~n tne event any oi sa:d sums of money
he:ein referred to be not pro~nptly and ful;y pald w~~h~n th:rty !30) days next ai+e~ the sa~ne se.•era!:y become due a~d payable, withou~ demand or no~~cz,
~r ~c) in the evem each and eve+y the stipu',ahons, agreements, co~d~t~ons and covenants of sa d pran~ssory note and th.s mo~tgage any w eithet are not
yuly, promptly and f~tly perfonned, d.scha~g~-d. eaetuwd, effectcd, canpleted, compl~ed with and ab~ded 5y, then in erther or any such event the sa~d ag~
~r<gate sum ment~o~xd in said p~om~ssory nete then re~::a~ning ~npa~d, wiih interest acuued, and a:l moneys secured hereby, shatt brco~ne d~e and pay-
+u c forthwith, or ~hereafre~, at the opnon of se~d h102TGAG~E, as fu!Iy a~x! comp:etely as if ail of ~l;e sa~d wms ef money were ong~na:ly st~putated
ro b~ pald on such day, anything in sa.d prom~ssory ncte or in this Mortgage to the connary not,vitfistand.~~g; and th~•reupon or thereafter a~ the option of
sa:d MORTGAGEE, w~thout notke or dema:ed, suA at Iaw or in eq~ay, therefore or thereaire~ begun, may be prosecNed as if all moneys sec~red hereby
n_d matured pnor to its instituhon. '
7. That in the event that af the beglnning of or at any ~~me pending any w~t upon ihls lAo~tgage, w to foreclose it, or fo re(orm it, o? to enfurce
p3,ment oF any tfaims he~eunder, aaid h10RTGAGEE sha!t appiy to the Ceurt having ~ur~sd~ct~on the.eot for the appo~ntmem of a Receiver, such Court shail
fi •thwith appoint a receiver of said mortgaged property all and singu~ar, incl~d~ng a~l and si~}g~la~ the ir.come, profas, issues and reveoves frorn whste+er
s~~rce derived, each and every of wh~ch, it be~ng express!y ~nderstood, is hereby mongaqc~d as if spx~f~cally set Forth and described in the grannng and
F.,bendum da~ses hereof, and such Rec:iver shall have ai; ~he broad and efiecnve funcr.ons and powers jn anyw~se entrusted by a Co~rt to a Rec~i~e~, and
s_~h appoinrme~~t shall be made by sxh Court as an ad:ni~r_-d equrty and a mat~er of absolute r~ght to sald MOR7GAGEE, and without re(erence to the
a:iea.,acy or inadaq~acy of tF.e value o! ~he p~operty mo~tgaged or to ~he so:vency or ~n;o..rnty of sa~d MORiGAGOR or the deiendants, and that wch
_.~s, prot~ts, income, :ssues ar.d rever.ues sh.;il be ap;.:ied by such e2ece:ver acco•d~ng ro the Gen or eq~ity of saed IhORTGAGEE and the prauice of such
Court.
8_ To duty, prompt:y and ~uily perform, d~zcharge. execute, effect, complefe, cortiply w~ih and abide by each and every the stiFulations, agreements,
;or.ditions and covenanu m sa~d pro:nisso~y no:e and th;s mortgage set forth.
9. ihat in the event the -ov.nership of the morfg:~ged premises, or a:~y parl tnc~eof, 6ecomes vested in a person other than the iNORTGAGOR, the
~RTGAGEE, i+s successors and ass~g~~s, may, v~;~hour r.o,~ce te tF.e ~tiORTGAOR, dsal •w~th such successor or s~~ccesso+ ~n ~nteres+ wirh reference to this
o•tgage and rhe d~bt hereby secured in the same manr.~r as wi:h tdor!gago+ w~thout in any way vitkatiny or d~scharging the Mortgagors' liability here-
:ier or upon th~ debt here:,y sccured. No sa~e of the premises hereby mortgaged and oo forbearante on the pan of the 110R1GAGEE or its wccessors _
or assigns and no extenston oi the rime for thr payment cT ?he debt here5y sewred g~ven by the MORTGAGfE or its successors or ass~gns, a~~all operate
rc reiease, d:scharge, med~fy change or affect the or~g~~al lfau:;:ty of the MOF(GAGOR ne~ein, either in whole or in part.
10. It is spec~i~catiy ag.erd that 't~~ne is o{ the ease~ce cf fl~is conT~ac± a~tid that no waiver of any ob;~gat~on hereur.der or of 1he ob:igation se-
c~~r~~d hereby sha~t a! any tin:e rhereaiter be he!d to be a wawrr of tha terms hereof or of the instrumeM secu~ed herby.
I l. tn a:id t:o~ ~o ~he forege •,g mo~rE~ly paym_nTS of ,~~i~c pal and ~~~~eresr .equ~red by the promssery ~otr secured hcreby, morlyagor eovanants
ag•ees to pay to rncrtgagee vv~th ea.n n•or.•h y pa~~. ent an adJ~uunal sum esr: i~ated by mo:tgagee to be eqval to 1 12 of ifie ann~al cost of the foUow-
A-Ali rea: prap~~ry taxes !c•:i_d or aasess•;d ag~i•~st the acove desv~b_d rea! es~ate.
6-Pre^~•.,~ns o~ fire er;d v~i :dsTO~•n insu~.~r~e as nere[n rc~q~:red to be tar-icd en the +^rrovemeitz s~tvate on the above descr~bed premises.
C-Pre~niums on s.~ch n•ortg:;ge g~a~~r.ty icsura: ce as ~nc~tyayee Sf3•I f.e:n t me to timt deem (~t ro carry on the loan secured hereby_
Mortgagee sh,,El from n n_~ ~o .e not;fy mortg~g~r ln v.r;t~ng of ihe a~:-o:,~t due ar.d payable herrundrr ar.d s~:h su~~ shall thrreupon be due and
z,a~te on thr d~e dar= of the rerxt n,o~th.~ pay~.~er.t a+:d each success~ve ~~~o~~th ~hereairer ucsii morrgagee shait nos;fy mortgagor of a change in such
ount. Such wms sha:i be .a;:; l;eci 't~y mo.rgag ~c to,r.a~d the payment of real property taxes, insurante prem:~ms, and mortgage guaranty inwrance
. c•r.iums.
~ IN \VITNESS Y+H.REOF, rn~ sa~d MORTGAGCR has hereu~to set h~s hard and seal the day and year first aforesaid.
~ Signed, Seal and del:vered in the presence of:
f ~'C ~bwe..s... I~ ~ p Seaq
~ - - - X W ~ (Seal)
~ ' (Seal)
~ j~ _ _ ~ ttie H. Walker ~~ap
~
s:.~T~ oF~ma~m~c Ma~cyland ~
~~iN~ d'J~lJG
~JUNTY OF ~ ~
Befwe me personafiy appeared Htllell C. Walke= and
Lott ie H. Walker his wife, to me well known and knovvn to me to be
~he individuais described in and who executed the fo:egoing instrument, and acknowledged before me that they executed the same for the purposes
~ ~~~~e~n expressed. And the sa~d__ _ LOttl@ H Mlalker
~ Hulen C. Walkez
•.`e of the said ~pon a separate and p~ivate
~ ~.am~nat~on by me taken separate and apart irom her said husband, ackrwwledged to and be:ore me that ahe executed said instrument ireely and volun-
~ _.:y and w~thout any comp~lsiOn, tonShaini, app-ehens:on, or fear of or from her said husband.
T
~r G
~ WITNESS my hand and offiual seal th~s_ day of p~ A. D. 19~2.
J ~
~ ' , ~ .
y~tary PubLc in and for the Sta e Horida. At large
My Gomm~ssion e:piresc ~ '.y.. ' ti: -
Retum To: ~ ~ • • J
a ` • ,r,
First Federal Savings d Loan Associahon , • ,
~ or : ~,t P _ 1 ~ j; " ,
, _
Fort Pir%cc, ff•_rid3 F!{,F8 "Lv3:.~~ ' •
~ ST.I~t!£ :.JL'~TY FLA. , -
~ ltt3C' ~ 0'. ~ dAS l c : ~ ~ ;
~ CIERK C' :i~l~ ~OURT ~ y.~
This Instrument Prepared By J. H. Roberts ~ Jr RE~'~~r ~ '.'••...•••~`~~~i~':
~
First Federal Savings 8~ Loan Association ~ ~ ~ ~u ~L~;~ •_'j
~ of Fort Pierce, Florida A17
~ Checked By -
~ 2434'7'7
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~ GR
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