HomeMy WebLinkAbout4381 3. To ptace and coni~nuously kcep pn the bui'd~ngs now ot hereafttr ~~tuate on said Iand and on a!1 eq.,ipmznt and personally cove~ed by this mong•
ego, w~th all pren~i~:ns theicon pa,d ~n fu11, f~re ins~rance in ~he usuat standard poi~cy form, in a sum approvtd by the MOR~G:.GEE, a~~d w~nds~oim
;nsurance in the us~al standa~d Fol.cy lorm, in a sum approycd by ~he MORTGAGEE, in such company or tompan~es at the MORTGAGEE may
d~recr, ~nd atl t~re and v.~n~storm inw~ar.ce po!ic~es on a~y of sa~d bu~ld~ngs, any inttteit therein o? part Ihereof, in the agg~rge~e ~v~n aioresa~d or
in eacess ~her~f, shalt :cnt~in ~i~e ~s~a1 stonJard mo~tgagee c:ause or such oihei clauae as the Mo~tge9ee may reyu.re, ma4~n9 the ~oss ~ndrr ia~d poli-
c~es, each and e~ary, paya~!e to said AtORTGAGfE as its interail may appear, and each a~d every such po+~c~ s1,a11 be prompUy ass g~ed a~d det„~er~•d +o
eny held 6y sa~d h10RTGAGEE as (~rthr~ aecur~ty to sa~d mortgage debt, and, not less than ten O0) days in advance ot the expiranon of each pol~ty, to dr-
Gve? fo said IAORTGAGEE a renewal thereof, toge~hor wiih a receipl fo~ the premiurp o1 such renewal; a~zd ~h.:re ihall be r,o f~re or wu~dsso~m ins~rance
plec~d on any of said buildings, any intcresl therri~ or part thereof, un(ess in ~he form a~~d wifh the loss payabte as aforesaid; and in the e.ent any sum
oi mo~ey becorneo payabtr undrr such po6cy or pol~cias saiJ MORTGAGEE shall have tFK optww tp rer,e~ve and apN~y the sanie on account oi the 1nJahe,;d-
ness sewred hereby or to perm~t sa~d MORiGAGORS to receive and use i~ o~ any part the:eof for 'i~ixy, ~.Ulf_OS!'I. 4.~Tfty„} ~c, ~r ~.~~p„~.-
~~g any rqu~ty, Gen ot r~gh~ u~dcr or by virtue of this mo:rgage; and in !he event sa,d MORiGAG~R3 ~a4 Iw any reason iail to kerp the sald premis_s so
~niured, or fail to det~ve~ promplly any of said politiee ol in~urante to sa~d MORIGAGEE, or fail promptiy to pay f~,~ly any prr:n~„m thcrefor or in any
reipect lail ta perform, dnchargr, execu~e, e(fec1, con~ple~e, compiy w~ih and ab~de by thfs coven~nt, o. any parr hrreof, sa~d MJRIGAGEE roav piace a~~o
pay fw such inswance or any part thereof w~thou~ waiving or affeuing any oprion, lien, equ~~y, or nghi ~nder or by v~r+ue of Th~s Mor~~age, a~d the
t~ll amoum of each and e.e.y such payment shall be immediately due and payable and shail bea? interes~ trom the date thercof w~til pa+d at the rore of
n~ne ~r centvm ~r annum and N~ethar wrth such inreres? ahaii ix secured by tFx lien of this mortgage.
1. To permit, tommil a suffes no waste, impairment or deter~oration of said property or any part thereof. -
S. To pay all and sinyular the costs, charges and expenses, including a reasonable atto~ney's fee and costs of abs~racts oi titte, incurred or pa~d ar
any time by sa~d MORTGAGEE, beca~se or in the event of tAe fa~lure on ~hc pari of ~he said MORTGAGOR to duty, promptty and fu~~y prrform, d~scharge.
aecure, eftect, compie~e, comply w~th and ab de by each and every the stipulat~ons, agreements, cond~t~ons, and covenanti of sa~d p•om~ssory no~e ar.d th~s
martgage a~y or e~~her, and sa:d coats, chargea ar.d expenses, each and every, shall be immed~ately due and payab:e; whether w not ihare be nonce dr
mand, attempt to collect or suit pendmg; and the fuil amount of each and every such paymenf shal! bea~ imeresf from ihe date thereof untii pa~d at the
~'e oj n~~tie per cen~~m prr oO~1:1:T~ o~~d ail said costs, charges and ex;xnsea incurred w pald, together w~th such imerest, shall be secured by the t~en o) th~s
mo~ig~ge.
6. That (a) in the evant of any b~each of this Mortgage or deiault on the parr of the MORTGAGOR, or (b) in the event any oi satd sums of money
herein referred ro be not prompt~y and fvlly paid wiihin thirty ~30) days next after the same severa~iy becoa~e due and payable, w~thout dema~d or notice,
or (c) in thr event each and eva.y the stipuiations, agreements, cond~tions and covenants of sa.d promissoiy notr and th~s mortqage any or e~rher are nor
iuly, pro~~+ptly and (uliy p¢rfo:med, d.scharged, execWed, effected, completed, compGed w~th and abided Sy, then in e~ther or any such eveN the sa~d ag•
~~egate sum mentioned in said promissory nate then remaining unpaid, with interrst atcr~ed, and atl montys setured hereby, shall become due and pay-
a~'e for~hrrith, or therrafter, at rhe option of said MORTGAGff, as fu~ly ard completely as if all of fhe said sums of money were ongmalty supu:ated
~o be pa:d on suth d.:y, anything in sa d prom~sswy note O~ in this MOtigage to the contrdry nmwithstand~ng; and thcrevpon o~ Thereafter at the opt~on of
sa.d MO~TGAGEE, w:rnuut ~or~ce o~ demand, auit at law or in equ~ty, therefore or thereafter begun, may be prosecuted as if alt r.;oneys secured hereby ~
n~d matured pr+or to ~ts insr~tut~on.
7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce
payment of any daims hereunder, said MORiGAGEE shall apply to the Court having ~uriad~ct~on the~eof for the appa~ntment of a Receiver, such Ccurr shaU
fcrrhwirh appoint a rece~ver of said mo~tgaged prope~ty alf and sing~lar, includ~ng aii and s~ngu~ar the ir.come, p~ofas, issues and reverues from whatever
sov-ce derived, each and every of wh~ch, it being ezpressly undersiood, is hereby mortgaged as if spec~fically set fath a~d desu~bed i~ ~he gramu~g and
h;bend~m c;auses her~~f, and such Receiver shait have at! the broad and effective fun;t,ons a~d po~vers in anyw+se enu~sted by a Ccurt to a Receiver, and
s. ch appointment shaU be made by svch Court aa an admitted equity and a matter of absolute righ! to said MORiGAGEE, and w~nc~ut refere~ce ro the
adequacy or i~adeqvacy of the value of the property mortgaged or to the ae:ve~cy w insowency of sa~d MORfGAGOR o+ the def~ndants, and rhat such
re~rs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the ~ien or equity of sald MORTGAGEE and ~he practice of such
Courf.
B_ To duly, promptly and fully pe~iorm, discharge, execute, eifect, complete, comply with and abide by each and every the stipu!ations, agreements,
;c~~drtions and covenaors ~n sa~d promissory rtote and th~s mwtgage set fonh.
9. That in the event the ownersh;p of the mortgaged pren,~ses, or a~y part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:•ORTGAGEE, its successars and assigns, may, without not~ce to the A50RTGApR, deal with such successor o? successor in interest w;th ieference to this
r o~rgage and the d~bt hereby sec~red in the same manner ds with 1.lortqago~ w~thout in any way vit~ating or d~scharging the IAongagors' fiability her~
der or upon fhe ~ebt hereby sacvred_ No sa:e of the premises hereby mo~tgaged and no forbearance on the pari of the ?J~ORiGAGEE or its wccessors
c; ass~gns and no exre~s~on of the time fo~ the payment of the debt hereby secured given by the NIpRTGAGEE or its successors or ass:gns, ,tial~ operate
ro re~ease, d,scharge, modify change or affect the orig~nal liabil~ty of the MORTGAGOR herein, either in whole or in part.
. .p..~.,.....,~ ..^y."_ .
;Q. ~-^^a •:^~s :e •tie „f e6~~ re~tract and that no waiver ol any ob~~gauon hereunder or of the obtigation se-
curzd hereby shali at any time thrreafter be hefd to be a wai~er of the terms hereof or of the instr~mem secured herby.
11. In acid.i~o~ to the forego ng monthfy payments of pri:,Cpal and interest requ~red by the promissory no!e zecured hereby, mo~tgagor tovenants
s~::i ~~rees to pay to mortgagee v~~th each mcnthiy Fayrnent an add~uonal sum ev~mared by mortgagee to be equal to 1: 12 of ~he amsua! cost of the follow-
A-A!~ real property taxes levied or asscssed agai•ist the above descrEbcd real estate.
B-Pre:r. ,,•r,s on f,re af:d windsrorm fnsu~acce as here~~ req~;red to be carr~ed on the Imr.ovame~!s s;tvate on the abave d=scribed premises.
C-Pre~n~;~r~~s o~ SJC}l mo:t~;ge 9ua~anty insura~.ce as mortgagee sha:l frc:n r:me fo t~~ne deem f!t to carry on the loan sec~red 'nereby.
, Mortgagee sha;( 'rom ti~ne to t~~~e not]fy mongager ~n writing of the amount d„e and payable hereundtr and such su~n shail thcreupon Ee due and
..ab~e on the ~ue oare oi thz r.e,et monthiy payment and each svccessive month thereaher unrit mortgagee sha!! nor~iy rnonqagor of a change ;n such
~unt. Su~h wms sha,i be ap~~i~ed by mortgagee toward the payment of real property taxes, insurante pr yms, a~id mortgage guaranty insurance
. _^~,~umi. a
IN ~YITrtESS LNH~REOF, tne said MORiGAGOR has hzreunto set his har.d and seaf the day and year ~st afore aid~'~
~ Siq~ed. Sealed ar.d delivered in the presen~ of: l~ ! ~
.l?K ~t : k l/t s.,~•lG._
LG
l
1 • :c< ~ !
~1C
l~:' .I/ /~,a,,:yf~~. ~ . ~C ~"'Qi ' ~ -
,~.--.~_'_r 2 • J_ ~ Oreen Clarke
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' C;Ju~li~"'a~ /r? A ~ c. ri ? SS'
~ - - 1
Before me persona~ly appeared Llor in Clarke _ a~d
` DY~n Clc~ke his wife, to me well known and knovvn to mp to be
tha inJ~viduais desvibed in and who executed tFw foregoing instrument, and acknowSedged befwe me that they eaecuted the same for the purposes
rherein ex~ressed. And the said ~ZE,'Q11 Ciarke
' ~e of the ~a~d Llorin Clazke , ~pon a separate and p~iwate
~~~T~nat;ort by me faken separote and apart from he~ said husband, acknowledged ro and befwe me that she executed said instrument freety and volun-
•aniy and w~tho~t any compulsion, const:aint, apprehens~oo, w fear of or from her said husband.
WITNESS my hand and offic~al seal thia- 3-`~ day of ~ecember A. D. 19 72
~~J ~ _ L7Ktlt ?.~r.~~~~-~ ••?i..i, -
; ---i - - ~
, Notary Pub!~c i M-k~?ge
T'4 ^~?rc • N{Y 1"f y C J~•rf/'~~i3 r'?
Retvrn To:
first Federal Sav~n~s 3 Loan Associat~on E~J ~~/~Es j,~ .ro~5 Af F : N~~..
Of F~.t P,-c•~. ~..1 V"~
Fo.: P~_~r^.c'. FI„ricla ~ ~ ~ - .
~ ' ~>y ~_.r:
. ~:~t.. • . s 1' _ ' -~~i~t ~I; .
~ _ - ~ . . , .
. a. - ~t'. • , " ' -
This lnsirument Prepared By J. N. RobeY tS ~ Jr. ~
First Federal Savings & Loan Association : y ~ ~ , ` ~
of Fort Pierce , Florida - ' - -
, -
, . I .r : ~
~F~
Checked By ~
r
~ ~
i~ - 6QOtr2~~ ~ACE 74 _
~3 F
~ S
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