HomeMy WebLinkAbout4384 3. To place and cont~nuous~~ keep o~~ ~t~e bui:d~r.gs now or hereafter a~tuate on sa~d land and on a~t eq~ip:~:~~nt and pe~sonjlly cove~ed by th;s mon9-
ege, w~~A att prem~~ms thareon pa•d in fu11, f+re insurance ~n rhe w~at s~andard po'~ty (orm, in a sum a;:prorrd by the MORIGAGEE, and wu~dsronn
~nturonte in the usual standard pot.cy fam, in a wm approved by 1he A10RiGAGEE, in suth cornpany or com~~an~es as ~he MORT(~AGEE may
d~rett; and all iire and w~ndswrm in=ucance poticiea on any oi sa~d burld~ngt, any inte+est thafein or part thereol, in the aggr~ga~e sum aloresaid or
in excess thereof, shall a.~~tain the uwal sta~~dard mor~gager c'~ause or wch other clause as the Mo~tgayee may reyu.re, n~;king the :cis u~dr~ s3~d poia
drs, each and every, payabie to sa~d A~ORiGAGEE as ~ti ~nieres~ may appear, a~d each and e~e+y :uch po:~cy st~a1; t,e prornplty ass c~~~~d a~~d de~~ver~•d ~o
any held by safd A10RIGAGEE as furthet s~w~ity to s3id mortgayr debt, and, not less than ten (101 days i~~ ad:a~ue of the expirat~on of each pol~cy, to dr
Gver ~o said MORTGAGfE a renewal thereof, toge~he~ wiih a rece:pl fo~ ihe prrmium of such renewal; and ~hrre shall be ~:o f~re~ o. .~nds~onn insu~ance
placed on any of said build~nga, any interest there~n w part rhareof, un!ess in the fon» and wiih the loss payable as aioresaid; and in the event any s.~m
of money kxcanes payable undrr s~ch policy or pol~c~zs said MORTGAGEE shall have rhe opt.on to ~ec~~ve and apNly t~~e sa~T~e o~ accoun~ oi tfie ind~:>t~d-
ness sec~red hareby or to prmiit said A10RTGAGORS to rece~ve and use it pr any par~ therrol tar am•~r pu~~ ~srs ti.~~'r,o~t ~h .v~,.~ ,;r
ing any rqui~y, liln or ~ight under or Ly v~rtue of 1h~s mo~tgage; and in tha evem sa~d MORTGAGORS shall !o~ any rcason fail to kcep the said pr.:m~s~s so
~nsured, or fail to deliver pranptly any of sa~d pol~cies of ~nwrance to sa~d MORTGAGEE, or fa~l prcmp!ly 1o pay ful:y any pr_•:i;vm theretor or m a~y
reipect fail to perform, d~scharge, execute, effect, cort~pletr, canply wi~h and ab~de by th,s covenan~, or any part hareof, srid MORTGAGfE may piace a^o
pay for such inw~ance or any part thereof without waiving or af(eUing any opnai, lien, equ~ty, or right vnde~ or b~ wrtue oi ih~a Mo~~gage, and the
f~~l amovnt of each and every s~ch payment sha11 be ~mmed~ately due and payable and shall bra~ inter~sr from ~ha date th~~eoF until po~d a? the rate ol
mne pe~ cent~m per annum and to~rlher wi!h such intrrest shaii be Srcured by ihe lien 0{ 1Fiis morTgage.
To permit, commit w suf{er no waste, impairmem or deterioration of aaid property or any part therrof. - !
S. To pay all and singular the costs, charges and expenses, ~nduding a reasonable attomey's fee and costs of abstracts of title, in:ur~ed or p~~d at
any timc by said h10RiGAG:E, beca~se or in the evem of the fa~wre on ~he parr of the taid MORTGAGOR to duly, pron~ptly and f~ify perform, d~xharge
:.ecute, efied, comptzte, comply w~th and ab:de by ea.h and every the stip~la~~ons, agreements, tond~t~wss, and tovenants oS so~d pra.nusory note and th~s
n,ortgage any or e~ther, and sa:d costs, cha~ges and expenses, each and every, shall be immrdiately due and payab:e; whr~her w not rhere be not;ze d~
r.:and, aftempf to coltect o~ suii pend~ng; and lhe fu~l amounl oi eacA and every suth payment sh311 bea~ int~•rest irom the date therrof ~ntil paid a1 Ihe
~.,r~~ of n;ne plr Cant~m p~r anuu:n; ond ail said ccsts, charges a~id ex,:enses incurred or pa~d, togethar w~th wch imerast, shali be secored by the fian of th~s
mortgage.
6. That (a) in the cvent of any breach of this Morrqage or default on ti~ part of the M~RTGAGOR, or (b) in the event any of sa:d sums of money
herein referred to be not pron~ptiy and fully paid within thvty i30) days newt arre~ ~he same severaiiy become due and paya6le, withou~ dema~d or no~:ce.
er (c) in the event each and every the stipu:ations, agreements. cond~tions and corenanrs of sa,d p~om~ssory nofe and fh.s mortgage any or either are not
iu:y, promptly and iulty performed, d:scharged, eae.ut~d, effected, compieted, compGed with and ab~ded Sy, then in e:ther o~ any wch event the sa~d ag~
~regate sum mentioned in said promissory note ~hrn rema~ni~~g unpa~d, with i~tere;t atcrued, and a~l rt~oneys secured hereby, sha~l become d~e and pa~-
a~•e forthwirh, or thereafrrr, at the opr~on o! sa;d h10RIGAGEE, as fully and completely as if all of tt~r sa~d sums of money were or~ginstty st~pu:aied
to be pa~d on suth day, anyth~ng in sa d prom~ssory note w in ti~is Mongage to the tontrary not.rithsra~d~ng; and thercupon or 1her~after at the opt~on of
s~;d MORTGAGEE, w~~hout nof~ce or de~nand, s~it at taw or in equ~ty, therrFo~e or thereatter begun, may be prosecwed as if all moneys secu~ed he~eby
r„C! maiurCt3 p~~Of IJ ~i; i~~3titut.On.
7_ That in the event that at the beginn~ng of or at any time pe~ding any suit upo~ this Morfgage, or to foreclose it, or to ~eform it, or to enforce
~a,~ment of any uaims hereund~r, said MORTGAGEE shali appty to the Court having ~unsd:ction ti~crcof for ehe appo~ntment of a Reteivct, su:h Court shail
ic:rhwirh appoint a receiver of said moregagrd property all and singular, ~nctud.ng aU a~1d Sing~la~ ~ne income, prof~ts, issues and revenvas from wh~tever
s~urce derived, each and every of wh:ch, it bemg eapress'y undersfood, is hereby morfgaged as if speoficatly set fo~~h and descr~bed in the g~anring and
h36endum ciauses hereoi, ar.d such Receiver shali have a!1 the braad and effecr;ve funct.ons and powers in anyw~se e~trusted by a Covrt to a Recri~er, and
s_ch appointme~~t shali be made by svch Court as an adm~ited equity and a~raiter of absolute right to said MORTt:,AGEE, and w~~hcut re(ere~ce to the
~:.+~a:,acy w inadequacy of the value of the property mortgaged or to ehe so.vency or ,nwivency oF sa~d MORiGAGOR o~ the def~ndants, aad that svch
re~rs, profits, income, issues and rever.~es s6ali be appGed 'oy such Rece~ver accorci~ng to the iien or equity ot said MORiGAGEE a~:d the praUice of such
Co~rt.
8. To duly, promptly and fuily perfo~m, d~scharge, execute, effect, compiere, compty w~th and abide by eacfi and every the stipulations, agreeme»ri,
cond;trons and eovenanfs ~n sa,d p~u,iussury iw:e and :his mo;tg;ge see .'a:th.
9. That in the event the ownership of the mortgaged pren~ise:, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'-0RTGAGEE, its successors a: d ass~gns, may, w:ihout natice to the MORTGaOR, deat wrth such successor or successor in interest wrth reference ro this
~crrgaqe and the debt hereby secured in the same manner as w~th IJ~orryago. w~thout in any way rit;ating or d~scharg~ng the Mcrtgagori liabi:ity here~
~~~der o~ upo~ the debt hereby sec~red. No sale of 4~e Fremises he:eby mortgaged ar.d no forbe;rance on the part oi the IJIORiGAGEE or its s~ccessors
c~ assigns and no exrension of the time for the paymem of the debt hnreby secu.ed given by the MORTGAGEE o. iu successors or ass:gns, ,i~all operate
ro re!ease, d~scharge, modify change or afiect the orig~nal liao~i~ty of tne MORTGAGOR herein, either in whofe or in part.
10. h i: soec~ficallv aareed that Nme is of the essence of th~s comract and that no waiver of any ob~iganon hereur.der or of the obligation s~
cured hereby shati a~ any time thereafter be he:d to be a wawer of the terms hereof or ot the insrrument sewree herby.
11• In aod.r~o, :o the foregong month'y payrnsnts of princpai and int~r~st requ~red by 1he pror'ssory no'e setured herab/, mo;tya~~r covenants
~~.d egrees to pay to mortyagee ~nrth each mor:±h:y payr.:ent an acid~rional sum e;v ma~ed bf mortgagee to be eq~ai to 1 12 of titia an~iual cost of the follow-
_
A-All real property taxes !evi~•~ o- assessed aga~•~st nc~ acove cies:ri~ed r_al esrate.
8 Pr~~r;~u•r.z on f~re ar.d ~.irdstor~» ;rsura~ce as nerr~n n~G~;red to be ca:ried on the :mp~ovemz~ts s~t~ate on the above aescr~bed prem~ses.
C-Pre~*~ur.~s o~ s~ch mo-tg~ge gua~anty insura~,ce as mortgagee shatl from t~me to ::~r,e deem fit to carry on the toan secwed hereby.
Mortgagee shail frpm ~~me to u~re not~f; mortyagcr ;n writ~ng of tne amo~~t d~e and payable hereundrr and such sua~ shai! thereupon be due and
,~,a51e on the due dare of rhe next nionth.y pay~.~~nt and e~ch s~ccess~ve Tonth mereaft_r w:tii mortgagee sha!1 nor~fy mortyagor of a change in wch
~-ount. $uch s~ms sF~afi be ap~~.ied by mortgag•:e tov:a•d the payrnent of reai prorerty taxes, insurance prem.ums, a:~d mort~age yuaranty insurdnce
e:niums.
I(~i \VITPIE55 :`+NER~OF, the sa~d EAOR7GkGOR has he~eunto se! his h~~;d and seal the day and year first a{oresaid.
',Signed, $ealed ar,d de!'~eT~o in t~e presence of:
.
i; ~ ~ . ~ (Seal)
_ ~ L.' 8~7Cd1 8C b~l 8 30 k?1dKi1 (SeaD
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; , ' SeaO
r
;csea~>
s;aTE oF fioai~A _ ~ ~Geor a Mae Caapbell
St . I.uc ie
~~UN7Y OF ~
Befwe me personally appeared HeYal@ Canpbell s also Irnotim as Hardi~ Caambell ~Tr ~ and
Georgia ~e C~~@il his wife, to me well known and knovvn to me to be
the indiv~d~a:s descr~bed in and who executed the f r~j ,en-~~s~ ument ~1 acknowiedged before me that they executed the same for the purposes
~he•ein expressed. And the :a~d__ Georqia 17~@ C.alrpb611 (~j~]~]~12TJr.;
:.•re of the sa~d Hardie Canpbell ~~so_~~~ Hardie L, upon a seqarat~ and prlvnte
~.am~nation by me taien separate and apart from her sa~d husband, acknow•.edged to and before me that she executed said instrument freely,and volun-
:.^'.y and w~sheut any compu:s~on, constra~nt, apprehe ,o ~~r fear of or from her said husband.
WIT~ESS my hand and off;c~al seal this_ day o1 ~+`p„~~r ~ _T_,,, A(..D:'19~ 72
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--s--~--~.L ' ; . ~~Ci L • ~ ~ _ -
, Notary Pubtic in and fo~the:State;of~1prids at ~arge:
My Comm~ssion expires•. ~ ~ _ "
Return To: / ~ f - , '
First iederal Sarngs S Loan Assodat.on 7 S ' :Z k~~ _
Of Fort P ~.c.~. j • •r(
Fo.t P~-..:~. F:~+;da ' ~ J
:
This Instrument Prepared By D. F. Holezger f~DANDRECOROEp • ~
~~-~UCIE COUNTI~ F~A,
First Federal Savings & Loan Association ' ~O~fR POITRAS
of Fort Pierce , Florida C1ERI~ CIkCU1T COURT ~
RECORD VER~~~ED
Checked By _:.1~____
~ R ~I~ ~.3l~1 ~ 19 8 ~1 A!f '72
cU~~. i~:~45a3a;
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