HomeMy WebLinkAbout2757 3. To ~i!acc~ and continuously I,rep on the bui:d~n~s now ot hereafte~ aituale on sa~d lend and on at~ eq~~yment and personally coveied by lhis mortg-
age, w~ih all prerni~~ns thrreon pa d m fvit, fire ~nsurance ~n the uwal standard po'~cy torm, in a sum approved by ~he MORtG;.GFE, a~:d w~ndi~orm
msurance in thr vsuat S~d:1(IJfd FiO~~CY form, in a wm aFproved by ~he MORiGAGEE, in such r, mpany or compa~,es as the MORIGAGEE may
d~rea; and aU fire and v`:ndawrm insvrance po!~c~rs on any of said build~nfls, any inrerest therein or part tha~eof, in the aggrrgate sum ~foresa~d or
in excess ihcr~ot, stwtl conr.,,n the usual s+a~:d.,rd rno~zg~gre c~a~se or such o~her dause as ?he Mongagee may requ~re, maAing ~he ~ou undrr se~d poli-
c~es, e.~ch ~nd evrry, pa~_b!r to sa~d 1~1pRTGAGfE as its in?rr~st may apprar, and each and every suth po!~cy ~h,~ll be pron:p~iy assgncd a~~d de~~v~r.~d to
eny hrld by sa~d t.tORiGAGcE as (unher s:•wr~ty to said ~nor~gage debt, and, not less than ten (10) days in adVae~ce o1 ~he e,+p~rot~on of each po6cy, to dr
fver to sa~d MORiGAGEE a ~enewal the~eof, logethe~ w~ih a ~ece~pt for the prrmium o1 auch ~er~ewal; and ~here shall be no i~~e or w:nasw•m ins:,rence
placed on any of sa~d bur.dmgs, anv iroerest there~n a pert thereoi, unless in the Torm and with the lou payabte aa afare~aid; and in the e.ent any wm
01 nwney beco~nes payable under wch pol~cy or poGc~es said MORTGAGEE sl.,~II have the opnon to rec~ive and apyly fhe sanie on acco~nt of ihe i~~dei,~
nris sec~r~d her~oy or to pemut sa:d hIORTGAGORS to reeeive and use it p any part ther~•of to. o:n•:r p,:~~~.xrs. :,~~i,~:,t ih.••,
~ng ~ny eq~rty, lir~ o~ ~~yht unda~ or by virrue oi ~his morrgage; and in the evene sa;d MORiGAGORS shall fw any reason fa~l to keep ~he ~ald prem~s:s
~~uurcd, or fa~l t0 dal~vc~ pr~npl~y any of said polities oi insurante 1o said MORiGAGEE, or fail promptly to pay 1u1~y any prr~~~wrn therefur or in any
rr,pect tml•ro pe~fwn,, d~schorye, execute, elfecl, canptete. comply wi~h and abide by this covenant, or a~y pnrt ha~eoi, S.+id MItRTGAGtE may p+atr 3^O
pe~ for wch insw~~nte or any t,art therzoi w~thout waiving or affecting any op~wn, iien, equ~ty, or nght ur~der o~ by nrtue of this Mor~gage, and the
r~, l amauia of each and every such payment shatl be immediately due and payable and sha11 brar interest from the dote thercoF until po~d at the ~ate ot
~,~e per crn~L•n pE• annu~~, a~,d ro3rth~•r ,M1~th wch inreri:t shait be secured by the liea of thia r.~ortgage.
4. Io permir, comn~it or svffer no waate, i»:pairment w deterioration of said property w any pa~t thereof.
5. To pay all and s~ng.,~ar the costs, charges ar.d expenses, inciud~ng a reasonabte attomey's ~ee and coats of abstracts of ntle, inc~rred or paid at
.,ny ti~~:e by sa~d MORTGAGEE, because er in ehe event of tha fa~lure on ~he part of the said MORiGAGOR to duty, p~~::,ptly and f~lty perform, d~sth~r9e_
. ccuea, effecl, Comp;ere, comply w~rh and ab:dr by each and every the stipulat~ons, agreements, condd~ona, and covenams oi said pro~~issory note and this
~•orrgage any or enh~r, and sa:d costs, chargrs and expenses, eath and every, shall be immed~ately due and payab:e; whether or no~ ~hcre bz not:ce d~
~:~and, auc:npt to co~lect or svit pend~ng; and the fu(I amouM of each and every such payment shall bea. interest f~om ~he da~e rhereo~ umil paid a~ tht
per cenr~•~n y.~~r o...w.n; o~~c; ai1 sald costs, charges a~:d cx;,enses Incu~red or paid, togethzr w~?h auch interest, shall be securad by thr lien oi th~s
°,ortgage.
6. That (a? in the event of any hreach ot this Mortgage or default on the part of ~he MORTGAGOR, or fb) in the eve~t any of sa:d sum~ of money
h:~rr;n ieterrrd to be not pror.,p~;y and fuily paid within thuty ~301 days next a4~er the same severa?:y become due and payable, w~thoui de:nand or no~ice,
;c) in tha event ~-ach and every the stipu,ations, agrcements, condirions and covenants of oa.d promiswry note and th~s morlgage any or e~ther a~e not
i~iy, pro~rpHy and futty perfflrn,rd, d,scharged, execvred, eftecred, compieted, complied wlfh and abided 5y, then in e~ther w any such event the sa~d ag-
a~rgate sum mrnf~oncd in said prom~ssory ncte than remaining unpa~d. with interest aaiued, and ail mcneys secured hereby, shall become due and pay
ac.e forthwith, or ~hareaf~,;r, at the opr~on of said MORTGAGEE, as fully and completety as ii all oF the said sums of money we~e oirgi~ially s1~p~.ated
~c be pa:d on such dey, anything in sa.d prom~ssory oote or in this Mwtgage to the con~rary not.vithsranding; and thereupon or thereaiter a~ the opi.on of
s. d MORiGAGEE, w~thout nof~ce or demac:d, suit at law w in equiry, therefore or thereafter begu~ may be prosecuted as if aff moneys secured hereby
r..,d mafwed pno~ ro ds instit~tion.
7. Tha? in the evenr ~hat ar the beg~n~~ng oi or at any time pe~ding any suit upon this Mortgage, o~ to foreclose it, or to refo.m it, or to enforce
~-:~rmem of any ciem~s hrre~nder, sa~d MORTGAGEE sha{I apply to the Coun having jurnd.ction thereol for the appoiromeM of a Receiver, such Court shail
f~.rthw;rh appo~nt a receiver of sa~d morryaged property all and singvlar, includ~ng all and singu~ai fne income, pcol~ts, .issues and revenues irom whatever
s- ~•ce der;ved, each and every of wh~ch, it being expressly undersrood, is hereby morrgaged as if spec~ticatlX•set fOrth 3nd destribed in the gramirtg and
h.+:~end~m cla~ses hereof, and s~ch Recei.er shall have all the broad a~d effectlve f~na~ons and powers~in• ~~se entrusred by a Co~rt to a Recaiver, and
s_;h a~pointment shali be ma~+e by such Co~rt as an admittrd equity and a matter of absoiut.~ r~ght _fo__iaicl 'MORiGAGE.~, artd w~thouf reference to the
a.i ~q~ac~ or inadeqvacy of the va(ue of the property mongaged or to the so.~ency or ~nsoiv~ncy of said'MORi(3AGbR or the defendants, and ~hat wch
r~nrs, profits, income, issues and revenues sha11 be applied by wch Reteive~ accord,ng to the lien or equiry of said MORTGAGEE and the practice of such
Court. _
8. To d~ty, promptly and fully p~~form, discFa~ge, execute, effect, complete, comply wi~h and abide by each and every the stipul~tions, agreements,
•.ditions and covenants m se~d promisspry note and ~his mortgaga set forth.
9. Thar in the event rhe ownersh+p of the mortgaged prem;ses, or any part therQOf, becomes vested in a person other tha~ the MORTGAGOR, ihe
'~RTGAGEE, ~rs successors and ass~gns, may, w~thout nonce to the h10RTGAOR, deal v,~th such successor or successor in interesi with reference to this
c-fgage acd ehe d~bt hereby sec~red in t6e same ma~~r.er as w~th Mortgagor without in any way vinating or d~scf~arging the flla~rgagors' IiabHity here-
der or upon the d_~at hrrei.y s~u~ed. No saie of the Fremises hereby mortgaged and no forbearance on the part of the /dORiGAGEE or its successors
~r assigns and no extens~on of ihe t~me for the pa~•mem of the debr h~reby secured given by the MORiGAGEE or its succetsors or ass~gns, ,~.att operate
ro re?ease, d~scharge, modJy cha~~ge a af(eu the original I;ab;Lty of the MORiGAGOR herein, e~ther in who{e w in part.
10. It is spec~fic~iiy agreed that time is of the essence of this confract and that no waiver oi any obiigat~on hereunder or of the obligation se~
c_~red hereby sha:l a~ any time thereafter be hc".d to be a waivet of the terms hereof or of the ir~strumeN setured herby.
11. In add,t:o~ •o the fo~ege ng momh~y payments of princ pa~ and interESt requ~red by the From~ssory na!e srcured h~~reby, mortga~or covenants
<•~d agrees to ;~ay ~o mongagee N»h each momhiy payr,~gnt an add,rional sum est~mated by mortgagee to be equal l0 1 j 12 of the annual cost of the follow-
A-AN r_a! ~rope.ty faxrs le.~ed or at;ess~~d agai~ist the above descr~bed rea~ esrafe_
B- Pr~,:. ::s on ~~re and v.~ndstorm ~nv~rarce as herein req.,;red to be carried on the ~m~;roveme~ts s~tvate an the above d=scribed prem7ses.
C-Prr~r ~u~- s o~ such ~:ongaae gua~anty ;nsura~ ce as mortga 3ee shatl frcm t me to time deem fit to ca-ry on the loa~ sewred hereby.
Mortgagee she!1 4cm time to time rtotify mortgagor in w.i~~ng af the amou~t d;,e and payable hereundrr and wth sum shall thercupon be due and
._yable on the uue tiate ci the nent month:y payment and each suctessive month tnereaftcr ~r,ti7 morTgagee shali notify mprtgagor oi a change in such
r~'~~n7_ Su:h su,ns sl~ali be appt~ed by mortgagee toward the payme~t of real propeny taxes, insurance prem;ums, a~~d mortgage g.,aranty insurance
. _~.~iums.
I~~ \'JtTNESS '.L'HE2EOF, the sa~d :NORTGAGOR has hereunto set his har.d and seal the day and year tirst aforesa~d.
Signed, Seated ar:d deiivered in the presence of: ~
~ii%~
. ~ ' ~Sla~~
itness : ~ < <_f_~ { , , , _ W' lbur C . Rodde ~si~
~ , ~
- - -_---r (5ea~)
~.itness~------ • .c__~}_ i.ucille D. Roddey (s~aq
S'ATE OF F10RIDA ~ - ~
~:~Ut~TY QF St. I.UC2e
Before me personatly appeared w11b11Y C. Roddey and
~ D Rod his wife, fo me well known and known to me to be
rr~_ ind~vid~als described in and who execWed the iwegoi instrument, and acknowledged before me that they eaecuted the same for the purposes
ri._•rin expressed. And the said_~ LUC 111@ ~Odd@y
+:;`e of the sa:d Wljbur C. ROaC~y upo~ ~a sep~redg and private
~.am~nat;on by me taken separate and apart from her said husband, ackrwwledged ro and befo~e me that she exetuted said ins(r~,rtient_haeljt~artd volurr
y and v.~theut any cornpuls~on, constra~nt, apprehe~s;on, or fear of or from her saed husband. •
, ' , ' ,7
V1ilTNESS my hand and offfuat seal tbi:__ day of December ~ ' _A.~D.'~9-
Z
~ ~ ~ - , , " C _ -
Notary Public in end'for tlie $Q~fe o~loryda atistge~,:-I '
My Comm~seion exp'ues:;' ~'i- • iy ~ ~ : .
Return To: J-r j•. J:~
First Federal Savings 8 loan Assxiat:on ~ ,•S j~ ~
Of Foit Pr.ce. ' . - • .
far: P,_.ce. Frcr„Ja ~
fIIED Ak_ `:~.~~Ftt~EO .
sT.IIfC ~ ;.:'~~'~psl~
tt8 - E' C~
~R ; , , ;.;ti~ ~O~RT
C lE
This Instrument Prepared By Gary R. E11MOOd p~..,~f~, J~
First Federaf Savings & Loan Association ~ 09 ~y~
of Fort Pierce , Florida ~C i2
Checked By _ 2~3482
800K ~OS PACE~7~
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