HomeMy WebLinkAbout3223 3. To place and conrinuo~siy Aeep on ~he bui ;f~.~s now o~ herrairer ~:~uate on sa~d tand and on a!~ ~~q.,~p~nrm and personatly coverrd by 1F.is murrg-
aga, w:th all prrm;;,ms th~reon pa.d ~n fut1, t~r~ ins~,.;~nce !n ~he ~s~al s~andard po'ity torm, in a su~n a~,prowrd by ~hr MOR:v.~G~E, a~,d w~ndsturm
~nsurance in tha ~s..a! s~anda~d po::cy fo~m, in a s.:m approved by ihr h~RTGAGEE, in tuch w:npany or co:npan:es as the MORIGAuEE may
d~rett: a~ all fire and w~ndsrorm inwrance po:it~es on any of s3;d bvi!d,ngs, any inter~it therzin or part Iher~oi, in ihe aggr~gjte wm aforesaid or
in excess thereof, shall :unto~n tha ~wzl s~a::d3rd mortgegee uause or su;h oiF.e~ dause as the Mortyagee may requ~re, mal,ing thc ~oss un;ia~ s~~d poli-
c~rs, each a~.d every, pa~.,bx to sa~d AtpRTGAGfE as ~ts imeres~ ~nay apprar, and each ar~d every su:h p~::c~ sha11 be p»mprty assgnrd ;~~d dr:~v~r~d ~o
any held by sa~d htORTGAGFE as further s:curity io sa~d mort~age d~•of, and, not leis than ten (10) diys in ad.ar.ce of the eapirarion of each pol~cy, to de-
Lver ~o said h10RTGAGfE a renewal thereof, toge~hzr wirh a rec_^;:i `:er t!*, ~cr^+~~vT <,•~h •e~nWa4 a~.d ihr.re ahatl be na f~re or w;~+dstc~~n ins~rante
ptaced on any of said buildings, any in~e~cs1 there=n e: pa~1 thereof, unless in ~he fo.m and wnh the loss payable as afo.esa~d; a~d in the eveM any s~m
of money becomes payab:e under s~ch poGCy or poLcies sa~d MORTGAGEE shall have ~he ophon to rece~.•r ;~~d apply ~he sa~nr on accou:n of ~he indabe~d-
nens se:~r:a ~•a6y or to par.n~t sa:d fAOqTGAGORS to re~ei~c and use it or any part ih<~:~~uf io~ orn~, ~.~r; ~s:>. v.:~i,;~t th u, e~ or „ p,,~:-
irv~ any equ;ty, lien or r~ght under or by virtue o4 this martgage; and in the event sa•d MORiGAGORS shall fo~ any ~eaaon fail to kaep the sa~d p~e~nis:s so
~nsuied, o~ fail to deGver pranptly any of sa~d pol~ues of ~nsurance to sa;d MORIGAGEE, or f~:: promp~iy ro pay fu~ty any prr'+~wm therefo~ or iii any
~rspect fail to perfo.m, d~s.harge, execure, effett, con~plerr, co:~.ply wiih and ab~de by thls coven~n~, or any pa:t h~~eoi, s.~~d MURT;;AGEE ~nay piacr a:~o
p~v for such insurance or any part thrreof without walving or affecting any option, lien, eq~:ty, oi n~ht undrr o~ by v]~t~e of iF,~s Aloregage, and ihe
f~ll amovnr of each and e~ery wch payment snall be ~mmediatety due and payab7e and shall bear ;nte~~st from tha date thcreof until po~d at the rate oi
~~~~~e per ientum pe~ annv:n and to~rthar v~ith such ~:iter~•s! shai; be st.ured by the tien ol thif mortgagz.
d. To permit, commit or suffer no waste, impai~ment or detzrioraho~ oi sa~d prope~ty o~ any parl It~erzof. - _
5. To pay all and sin9~lar the costs, charges ar,d expenses. ~nciudmg a reasonable attorr,ey's fee and costs of abstraas of t~tte, inwrred or pa:d ar
_•ny ti~ne by sa~d MORTGAG'_f, because o~ in rhe event oi r'r~e fa~~u~e on ~hP Von of tbe said hlORTGAGOR to duly, pro:npily and fully pertorm, d~scharge
.•ec~re, effeU, comp:ere, compfy wuh and a6:de by esch and every the stipu~ahons, agreements, condmons, and covenaros of sa~d p~o:nissory note a~:d ~h,s
r~rtgage any or •~~her, and ia d costs, charges and eapenzes, each and everY, sha11 be immed~atety dut and payab!e; wherher or nor the~e tx no+~ce d>
+~,and, attempt to coliett or suit ptnd:ng; and the full amount Of each and every suth payment shall bear ,nterest lrom tne ae~e mr~rvi u.,:~. '
Yo..;
o~ .:ine per c~nwm per e~ti~w.~r, anc: all said cos+s, cha:ges and c,~rrses frxurred or paid, together w,th s~ch ~merest, shafi be sec~red by the I~en of th.~
morrgage.
b. That (a) in the evem of any breach of th~s Mortgage or defauh o~ th> part of the MORTGAGCR. or ;b) 1n ~he eveM any oF sa~d sums of money
he~ein referred to be not pro+r.ptly and fully paid within thuty (3~} days ~ex~ atter the same severaliy become due and payable, witho~l demand or notice,
: r;c) in the event each and every the stipu~ations, agreements, cond~rions and cowenams ot s~ d pron:~ssory note and th~s mortgage any a e~ther a~e nof
ju,y, promptty and tully performed, d.schargrd, execu~ed, e~iECred, compteted, conzpi~ed with and ab~d~d 5y, then in e.Ther o~ any wch event ~he sa~d ag~
~•c~a!e sum menrioned in sa~d promissory note then rema~ning wlpa~d, wirh infere~t ac:rued, and a~t meneys secured hereby, sha:l become due and pay-
ac e forJhwifh, or th~reafter, at Ihe option of said A10RTGAGEE, as fufly aru! com~;ete~y as if ail of the said sums of money vicere Onginaily St~pu.ated
to be pa:d on such day, anything in sa:d prom~ssory note or in this hlortgagr to the contrary not:vithstanding; and therevpon or thereafter a~ the option of
s, d h10RiGAGEf, w~rhout not~ce or demand, svit at !aw or in eq+~ny, therefore or thereaf~er begun, may be prosecuted as if all moneys setured hereby
c_d matured pnor to ~ts instltut~on.
7. That in the event that at the beginning of ot at any ti~re pending any suit upon this Mortgage, or to forectose it, or to reform it, or to enforce
;~yrr.ent of any cia~ms Fere~~~der, said MORTGAGfE shait apF~y to the Court hav~~~g ~ursd.c~;on rhereof for the appo~ntm~N oi a Receiver, such tourt sha.i
+_rthwirh appolm a rece~ver of said mo.tgaged proprrty aiI and sing~tar, includ•ng a~t and s~ngWar tne ir.con,e, prof~~s, issues and revenues from whatever
s:;,•ce derived, each and every of wh!ch, it being express!y unders~ood, is h.ereby mo~rgaged as ii spec~~~calty se1 forrh and descri~d in ihe g~anring and
n+bend~m clauses he:c;,', _ea such Receiver shaif have ail the broad and effeu~ve funu,ons and powers in anyw~se emrusted by a Court to a Recr~ver, a::d
s;1, appoin~me~tit shatf be macl~ by such Court as an ad~nirt<d eq~fty and a matter of absol~te nght ro said MQRTGAGEE, and withou~ reference to the
::~a~~acy o~ inadaquacy of rF.e va'.ue of the properry mortgaged or to the so.ve~xy or ,nsoivency of sa~d'MQj(t:(~iAGOR or the defendants, a~d ~h;t such
ns, profits, intane, issues and revenues shail be appi~ed Gy such Rece~ver accord:ng ~o the tien or equity of said 610RTGAGEE and the practice of suth
Court.
8. To du~y, promptfy and fuliy periorrn, discharge, execute, effect, comp~ete, compiy weth and ab+de by each and eve~y the stipuia!ions, agreements,
-.d;t;ons and covenants ~n sa~d promissory note and ihis mortgage set forth.
9_ 2hat in the event tF.e ownersh~p of the mortgaged pren,ises, or any part thereof, 6ecomes vested in a person o~her than the MORTGAGOR, the
Y~RTC,AGEc, its suttessors and assigns, may, withour notice to fhe f,10RTGAOR, dra! wuh such suc<essor or successcr in interest wirh refe.ence to th;s
o~tgage and the drbt hereby sewred in the same manner as w~,h tSortgago~ witho~t in any ~vay vit~ating or d.scha~ging the ldortgagors' liabe;ity here-
;:r,;ier oc upon the debt hereby sec~red. No sate of the premises hereby mortgaged an~ no forbeafa~cr on the part of the /dORTGAGEE or its successors
cr asvgns and no earers~on of rhe time far the payment of the debr hereby secured g~ven by the ~JtORTGAGEE er ~ts successors or ass:gns, ahall operate
+o re~ease, d~scharge, medify ~han9e or affect the ongmal tiau~;~ty of the MORiGAGOR herein, either in whoie or in part.
10. It t; spec~f~caEly agreed that time is of the essence of ihia contract and that no waiver of any ob~[gat~on hereunder w of the obligation se-
r_ red hereby shaf~ at any time thereafter be held ro be a waiver of the terms hereof or of the instrument secured herby_
t 1. In aod r.e.~ to the ferego nc~ r-~onth!y paym_MS of p~inc pal and interes! re4uired by the prom:ssory no'e s~cured hereby, mortgagor ~ovenants
3 ag~~es to pay to r..cr~gagee wrth each monrhiy pay~::ent an add~:ioral sum ezr~~.a~ed by mortgagee to be equal to 1, 12 oi tF,e annual cost of the foilow-
A-Afl reat ~roperr~ taxas tev~ed or assesseci egai•;st rhe a6ove desaihcd ~eat es!ate.
B Pr~::.;,: ns on fire ard wir.dsto•~ insurarce as here~n mgu;red to be carried en the improveme~ts s~t;.~ate on the above d=scr~bed premises.
C-Prr,;.;~r*~s on s~ch mortg;ge ~Ud•3!lT~l ir.sura~ ce as mcrtgagee shall frc-^ r me to tim~ deem fit to carry on the ioan secured hereby_
Mortgagee sha~1 frcm t~rne to time notify mortgagor in ,n,rit~ng of the amou~t due and payab(e hereundrr and such suT shali thrreupon be due and
...-:ble on th,: dve dere of tbe neat month:y nayment aod eacF. su:cess~ve ~ronth tFereafter u~:tii mcrtgagee shall nonfy mortgagor of a change in wch
ount. Such wms sHa:! be appiied oy mortgag?e towa~d tne payment of rea! prope~ty tzxes, ~nsurancc prem.vms, and mortgage guaranty insurance
•~•n~ums.
W LY17~1ESS 1NHEREOF, tbe sa~d MpRTGAGOR has hereunto set hrs ha:~d and s~~ai the day and year first aforesaid.
Signe Seal nd ed ~n the presence of: ,
! _ %~.,~.`lA-~-ri G ~ Sea4
i c - ~ t ~L .-T-"~, / / _ .'--zf _
: > ~ ,
~ . (~ea i j
i._/
($ta I)
~ lSea!)
!
t S"ATE OF FLORIDA ~
E ~JJNTY OF S+ _ ~
Id1C,.~-- 1
1
~ Before me personal{y appeared - M~~1~ K• Hitt
~ and
; ~'!n Hitt his wife, to me well known and known to me to be
rna individuals described in and who exewted the foregoing instrumenl, and acknowtedged before me lhat they exewted the same far the purposes
6 Ann M. Kitt
; nc~*ein eapressed. And tF~e sa~d~
' of the sa~~ 'rlilliam K. H~tit upon a separate and private
; e.am~nat~on by me taken separate and apart from her sa~d husband, acknowledged ro and before me that she executed said instrument free{y and volun-
: '..•~ly and w~thovt any compulsion, conshaint, apprehens~on~r fear of or fram her said husband.
f WITNESS my hand and off~c~al seal th~s_ ~'r day of ' D'6 eIT1~AI' q_ p ~q 72
~
t% ~ ~-~[.i~
Notary Aubli ~n and for thg.~State of Florida at large
Return To: My Comm~ on expires: .el{,~+ L / f 7S
.
iirst Federal Savings 3 toan Associat:on
Of Fc~t P. ~r,. • - ~
~orf P~erce. Flcrfda ' ~ ~ LEO AM~ RE40R Lp
. ' , _ S~. ROC£R
PO TR~:IA.
? • CLEaR "v~~CU~T COURt
~ ~ = afCORt+ vER+FiED -
. ~ -,...s..::
This Instrument Prepared By T+~• BT'auri f•
First Federal Savings 8 loan Association . ~ :~'J. ; . ' - ' : - ' ~ ~5 ~ ~M ~~1
of Fort Pierce~ FlOrida ~ -%~YJ~~},•`,
Checked By . - - ~ ,,~~r,188
F.
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~ q~~ X ~ V 7 °iIGE ~~8
i _ ?r ~
~ , =
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