HomeMy WebLinkAbout4659 3. To , lace and contin;;ousi~ keep on the Lu~ d~~.gs no.v or Le~rafter a~t„ate on sa~d iand and un at, cq.,~~;~:~rm and pcrsona'~y co+z~ed by this martg-
aye, w:th a11 przn~,,,•„s rh~reen p,.d ~n fuN, f~:e ins..re~ue ~n ~na usual ua~:dard pot~cy form, m a wm a;.pro.ed by rhe NuRi'v.+vEE, a~•d ~n•~~Jstwm
~nsu~ance in the usua! s~anda~d pa.cy form, in a sum approvcd by tha MpRTGAGEE, in such co~r.panr w compan~es as the MORTGAGEE may
direc?; and all i~re ~nd w~ndsturm insurance po(~c~~s on any of aa~d bvi~d~ngs, any inreres~ rhere~n or pa~t rhe,eoi, in the oggre9a~e s~m aforesa~d o~
in ettess Ihrreof, shali cuntsin ~he usoal s~~~:d~rd mortga~rr tlo~se or Suc~ o~he~ Cioose as the Mcrtgaqea may reyu,re, m~el.in3 Ihe ioss ~~~Jr~ ss~d poli-
c~es, each and eve~y pa~~L~:r ro s.,~d `.WRTGAvEE as ~ta :~~f~•rest may appem,•ar.d each ard r~~ry s~~ch po',cy shalf be p~o~*.pi~y assgncd a~+d dr~~~e~~~d ro
eny held by sa~d hlORfGAGFE es f~rrF~ar secu:~ry io aa~d n:o~~93ge deb~, and, not leu than ten (10) doys in ~J.ance of thr expuet,un of ¢ach poGCy, to de-
liver to sa~d MORTGAGEE a renewal th~reof, toge~hr~ w~~h a rxe~pt for the pran,i~m of such ren.:~,~'.; and th,.-re shail br ~w f~re or w~~~~S~J'm ins;,rance
placed on any ol faid bu~id:r.9s: any interesf therem or part rhereo(, unless in the Form a~~d w~rh ~he ~oss pa~~b!e as afo~esaid; and in the evrn? any sum
of money becomes paya;,:r v~~der s:,ch pu~~cy or poGues s.~;d h1pRTGAGEF s~~all hare tha opt.cn ~o rec~~.e ~d op~~ly the sa~ne on accoun~ of the ind..•bt~~d-
ness sec~~ed hereby or to penn~t s~~d h10RiGAGORS to receive and uae i~ or a:,y ~~~rt th~•.~~of to. o~~.~ r F.,,~, ~s~s, ~:.~,.r rr~ , c,
sn~ ;-y E~_ •i, !'_n es .[:16t ~:~~rl-~s Q~ k>y ver!~•a ef !?+~t mc-~~a~e; and in ~hr event sa~d M0~2TGAGOR$ sh~~l i~r a~iy reason fail to krep the sa~d premis:S s0
mwrrcl, or fa~l to del~ver promptly any of sa~d poheies of insurance ro sa~d MORIGAGEE, cr f~.! ~.:,,n~Nry to pay tul:y any pre ~~.w:n tnrretor or ~n e~~y
~espea fai! ro prrfu:R., d~schargz, z,~eccre, effect, con~p;rre, compfy wirh and abide by th;s covc~~ant, or a~y p.~~~ hz~eoi, s~~d h1~iRiGAVEE iuay piaca a ~o
pay for wch insur,:nce or any part tharrof w~thout wa~v~ng w afiec~ing any opnon, lien, equ~ty, or r,~hT w~d~r or bi v.~rue of ~h~s Morty,ge. a~~d thf
lulf amo~nt oi each and e.ery s~¢~ payment shaii br im~neaateiy uu@ and payei,ir anJ s~~o~t uaa~ u;t~::sr f:~^, !hc datc t'~ereII~ v~~r~7 ~...d ~~~P .a~e of
n~ne ptt cent~~n pe~ annu~n ~nd to~ell~rr ~n~th Such inteiest shau be sewred by Ihe ~ien of th~s mortgagr.
To perm~t, commit or suffer no wasre, impairmenl o~ drtenorot~on of satd pr~p~rty w any part thcreof.
5. To pay aN and :ingc,lar the costs, ct~arges and expenses, inctuding a reasonabte atiorney3 fee and costs of abstracts oF tlt!e, inwrred or pa:d at
any ~~:,.e by sa~d MORiGAGEE, be<a~se cx in ine erent of tha fa;lure on the part of ~he sa~d MOuiGAGOR To d~~y, p~ar~priy and ful~y pertorm, d~sch3rge.
>aecuTe, e}feu, tompte~e, ccmply w~th and ab.de by each and every the stipu~auons, agreem~•nts, conda~ons, and covena~us ol sa~d prom~ssory nore and ~hi~
:i~or~gage any or e~rher, and sa~d cosrs, charges and eapensrs, each and every, shall be immed~ately dve and payab!e; whrfher w not thr~e be nor~ce ds
mand, atre~npt to co'txt or suir pend~ng; and the f~l! amouM of each and every svch paymrnt ahall bear in~_~reit from ihe date therrof un~il pa~d a~ the
r.~re o~ ~;e~ c~~~~..•~: par ~~:~~~:u; ,,nC ait sa~d confs, ci.a~ges and expenses incwred or pa~d, together w~fh wch in~errst, shall be srwred by the iien of th~s
mor tgage.
6. Thar {a) in rhe event of any hrrach of th+s Morrgage ai defaulr on the pa~t of the b!ORTGAGOR, or ;b) in the eveM any of sa;d sums of money
herein referrc~ to ba no~ pro~r.priy and fully paid ~vnt~m th~~ty ~30) days nexi aftar the same seve.a::y beco~ne due and payebie, w~iho~t der~~and or noi~ce,
or ~c} in thr e.ent each and evrry the stipu:ar;ons, agreements, co~~d~e~e~~s and covenann of sa.d pro:n;ssory ~ote and rha mongage any or e~~her are not
~c'~j; p~ompHy and f„tiy p~rfor~ned, d•scharged, execwed, e~feued, canplered, compl~ed w~ih and ab~dad Sy, then in e~the~ N any such event the said aq
~regate sum mrnnoned ~n sa.d pronuasory ncte then remiining unpaid, wirh inte~est accc;,ed, and ait moneys secured hereby, shati become due and pay-
aoie Farthwith, or thereahe., at the opr~on oi sa~d h10RiGAGfE, as fuUy arx! completely as ii ai1 of the sa~d wms of money were or~ginaily s~~pu~ated
~i be ~~d o~ suth dci, anyt~~ng in sa.d prom~ssory note or in thif Mo~tgage to the to~trary no!.vithstand~ny; and the~eupon or thereaf}~r at the ophon of
ss,d M~RTGAGFE, w:thout non.e or demand, suit at [aw o~ in equ~ty, therefore w tnereatter begun, may be p~osecuted as if a~l moneys secLred hareby
n;d maWred pnor to its instituT~on.
7. That in the event that at the beginn~ng of or at nny t~me pe~~ding any su~t upon th~s Mortgage, or to fo.ec!ose or to retorm it, or to enforce
payment of any c!aims hereur:der, said JiIIORTGAGEE shall apply to the Court hav~ng ~ui~id;ction thrreof for tke appo~ntment of a Receiver, such Cou~t shail
f~rthv~,~th appoint a receiver of said mortgaged propeny alf and s~ngular, inctud~ng a11 and s~ngu~ar ~he ir,come, pruf~ts, iswes and revenues 1rom whate~e~
srurce der~ved, each ar.d every of wh~ch, ~t be~ng expressly unders~ood, is f:ereby mortgaged as ~f spec~fica~ly set for~h and descnbed in the granring and
~~jbendum Nauses hereof, and svch Rece+ver sh311 have al! the broad and effective funu~ons and po,n•ers in anywise entrusted by a Court to a Recaiver, and
s,ch appointme~u shail 6e n,ade by wch Court as an admitted equitY and a ~ratrer of dbiJ:.,te r~ght to said MORTGAGEE, and w~:hout ~eference to the
ndrq~acy or inadrquacy of the va(ue of the property mortgaged or to the so,vency or ir,so>:enc~ o~ sa~d MORiGAGOR or the deie~ida~~rs, and rhet such
re~~+s, proiits, income, ~ssves and revenues sha~l be appl~ed by such Recewer accord~ng to the ~~rn or equity o1 said 610RiGAGEE and the prau~ce of such
CourL .
B. To d~!y, promptly and f~ily perform, d~scharge, execute, effect, comp(ere, c.xnply w~rh and abide by each and every the stipu:ations, agreernents,
~o.~dh~ons and COvCnar.rs •n s~.d prom~ssocy nore an~ th;s m~ngage set 4orth.
9. That in the event rhe o vnersh~p of the mortgaged p~em~ses, or any part fhereof, 6ecomes vested in a person other than the MORIGAGOR, the
:'~RTGAGEE, ~ts a~ccessurs ar.d ass~gns, may, ~v~tirout r.otice to the A10RTGAOR, deal w~tfi wch successo~ w successor in interes~ with reference fo this
~ r~gaye a:;d :he d: bt ?.~ret~y s_~~._.ed in !he same manner as w~th :~lortgagor w~thouT in any way vit~ating or dnchargicg the Mortgogors' liabihty here-
~,.der or u~on fhe dz~bt nerpey sew«~d. No saie of the premises hereby mortgaged and no forbearance on tne par~ of the ?dORTGAGEE or its successc+s
or ass~gns and r.o ex~ers~on of rhe time for ihe payment ot the debt he~eby secured given by the MORIGAvEf or its svccesson or ass.gns, a.~aD operate
ro reieese, d.scharge, muJ~fy change or affect the orig~nai liao:luy of the N~ORTGAGOR herein, either in whole or in part.
1C. It is spet~f~c~;;y aa.eed ~hat ti~ne is of tho esser.~e ef ~h~s contract and that no waiver of any obHgat;on hereunder or of the obligation se-
cvred hereby s!a!i at an~ t~ne thareafter be he;d to be a wa~ver of the terma he~eof or of the insrruTeent secured herby.
1 1 tn ;dd t.o.~ to tF.e fcr~qc ~ig ino~rh!y ;;aymnnts of pri~c pa) and in~~~res! requ~~ed by the prom ssc~y no!r secu~ed Fe~eb~, mortgagor [overtants
j~ d agrecs ro ;a~ to ~.o-rgaq~e .~~~h ~ach ~r,onth:y pa~: .ent an ad:f,nonal sum rsr~n,ated by mortgagee !o be eqva! to 1 12 of tne an::ua~ cost of the fo~;o~nr-
,3:
A-A!; reat prcpc•ry ~,~x~s tev,e~ or ass~ss~~ci ag~i•~.st the ahove desc~i~ed real estate.
B Fr: r, cs o~ f:.e <~;~d ..,,:~sro~": ~r.s~..ar~~ as 'n~reln rcq~;red to be car.~.d en t5e :vi;:rovements s~t;,~ate on tn_ above descr~bed premides.
C-Prr -~,rrs en :u:h rc;:n~,q~ guar,~nty ~cw~j+ ce es mort~a;ee sha:l frc~^ t:~:~e to t~~ne deem fit to tarry on the loan Secured hereby.
ortgagee s'~, ' f.c,n !~,~r to t~~~,e r.o~~fy mertgog~r ,n •a,~,t;ng of thz amo~~t d~e and payable Fwreundrr and such sum shail thereupon be due and
a;ab:e on th~ due a,;•.~ of r%r~ n~.r :nonth:y p~yn~•_m anJ esch successive mor;th tnereatr~r ur,til mortgagee shaU notify mortgagor of a change in svch
.~~.o~nt. Sutn s.,~~~s s~~~.t :;e ap~.~.~ed by mo~tg,g~~e to.vard the parment of real prope~ty taxzs, insuran~r prem.ums, and mortgage guaranty insurance
.~~em~ums.
IN YJITN[SS :YHERzOF, th? sa+d MOR7GAGCk,has hereu~+o set his hano and seal the day and year {ir '.oresa~d. .
ned, Sea!ed a. dr~io i d in the ~esence oi;
_ j -~-c_. ~ ~an
- d R
(Seaq
- r - ~
.l~Q--d.~c~-al)
_ Viz ia A. Villa cseaq
S?:+TE Of f~QXD(X NQW ~I[ f'~ 1
G~°.~. o . ~ u.
~UNTY OF _ 1_ _ ~
Befcre me personalfy appeared _ BCIIIIOACI R~ ~Jll la _ and
_ ~/lrginla A. Villa _ h;: w~ie, to me well knawn and kn wd•td,me to be
rn~ ind;wd~als descr;6ed in and who executed the fo~ego~ng instrument, and acknowledged before me that they exewted the same~'t~ purposa
rhe-ein expressed. And th Virainia 14 v
e said________~ • llZa ; . • '
Edmond R - . , . , ; ; '
r~;Fe of ths said • vllla _ ~~,~~~'a~vafe
e..am~natian by me taian separate and apan from her sa~d husband, atknowiedged to and before me that she exetu!ed said.i n olun-
`an~y and wrthuut any compuls~on, canstrai~t, appreher.s:on or fear of ot from her said husband. •
~ y~' 4.~ -1~ r . V• i
WITNE55 my hand and offic~al seal this___._f day of ~C~'!1lb6Y f~ ~~y~
_ _ -'"~.2_ _ = 2' l~ ~ _
~ ~ ~
fYotary Pubtit in and io~ the St~o ~ '~j~~
~-ltiiji -60mm~ssion expires: ~ -l~rfQ
Ret~rn To: ~ ~ ~ : ~
First Federal Sa+~n3s S Loa~i Associat;on ~ .-`Gj~~ ~
.
'J! ~ort P.:-te. ~2~• VI v~ ~71 1~' '
~ ~ur: P~~r.ce. F~,_~:.~; ~ '/%~~i~~eilV~1~~ . -
FfLEd'At~tt RECORpE~ `
tT, tUCIE GOl1MTV f~ '
. ROCER ~~11TRAS
CtERR CfdCUtT COURT
This Instrument Prepared By J. H. Robetts~ Jr. RFCORDYER~F(FD ~
Fi~st Federal Savings $ Loan Association
of Fort Pierce ~ Florida 0~ 29 5 2I PM ~~j W'
~
Checked By
e~~x209 ~~Eif52 ~S
_ : . :
_ . ~ _ _
. M_ .
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~ _ : ~
~ - _ ~ r ~ s ~
~ ~~r`-~ ~
~ M_ . _ `
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